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. . . . . ARTICLE IX COVENANTS OF THE AGENCY The Agency covenants and agrees with the Holders of the B.onds as f.ollows: 901. Payment of B.onds. The Agency shall pr.omptly pay any and all Pledged Revenues received by it to the Trustee for dep.osit and application there.of to the payment of the principal or Redemption Price, if any, of every Bond and the interest thereoD, at the dates and places and in the manner provided in the Bonds and in the coupons thereto appertaining, according to the true intent and meaning thereof. 902. Extension of Payment of Bonds and C.oupons. The Agency shall not directly or indirectly extend or assent to the extension of the maturity .of any of the B.onds or the time of payment of any of the coupons or claims for interest by the purchase or funding of such Bonds, coupons or claims for interest .or by any other arrangement, and in case the maturity of any of the Bonds or the time for payment .of any such coup.ons or claims for interest shall be extended, such Bonds, coupons or claims for interest shall not be entitled in case of any default under this Resolution to the benefit of this Resolution or to any payment .out of any of the funds held by the Trustee or any Paying Agent, except subject to the prior payment of the principal of all Bonds issued and Outstanding the maturity of which has not been extended and of such portion.of the accrued interest on the Bonds as shall not be represented by such extended c.oupons .or claims for interest. 903. Further Assurances. At any and all times the Agency shall upon written request of Trustee, s.o far as it may be authorized or permitted by law, pass, make, do, execute, acknowledge and deliver, all and every such further res.o1utions, acts, deeds, conveyances, assignments, transfers and assurances as may be necessary or desirable for the better assuring, conveying, granting, assigning, confirming and effecting all and singular the rights, Pledged Revenues, Mortgage Loans, Funds and other moneys, securities, funds and property hereby pledged or assigned or intended so to be, .or l'l1ich the Agency may hereafter become bound to pledge or assign in trust. 904. Power to Issue Bonds and Make P1edqes. The Agency is duly authorized pursuant to law to authorize and issue the Bonds and to adopt this Resolution and to pledge the Pledged Revenues, the Mortgage Loan Participation, the Loan and Funds and Accounts, purported to be pledged by this Resolution in the manner and to the extent provided in this Resolution. The Pledged Revenues, the riortgage Loan Participation, the Loan and Funds and Accounts so pledged are and will be free and clear of any pledge, lien, charge .or encumbrance there.on or with respect thereto prior to, .or of equal rank with, the pledge created by this Resolution, except for the liens in favor of the Trustee and Paying Agents provided in Section 807 hereof, and all corporate action on the part of Agency to that end has been duly and validly taken. The Bonds and the provisi.ons of this Resolution are and will be the valid and legally enforceable obligations of the Agency in accordance with 46