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<br />L <br /> <br />l <br /> <br />ARTICLE V <br />REVENUES AND FUNDS <br /> <br />Section 5.01. Source of Payment of Bonds. The Bonds herein authorized and <br />all payments by the Authority hereunder are not general obl igations of the <br />Authority but are special obligations of the Authority payable solely from amounts <br />derived from the Agreement and the Deed of Trust, if any, and as authorized by the <br />Law and provided herein. <br /> <br />The Base Loan Payments are to be remitted directly to the Servicing Agent <br />for the account of the Authority and deposited in the Bond Fund. Such payments, <br />sufficient in amount to insure the prompt payment of the principal of, premium, if <br />any, and interest on the Bonds, are pledged to such payment. <br /> <br />Section 5.02. Creation of Bond Fund. There is hereby created by the <br />Authority and ordered established with the Servicing Agent a special fund to be <br />designated "Industrial Development Authority of the City of Santa Ana Industrial <br />Revenue Bonds (Fa i rvi ew Investors Proj ect) Bond Fund" whi ch sha 11 be used to pay <br />when due the principal of, premium, if any, and interest on the Bonds. <br /> <br />Section 5.03. Payments into Bond Fund; Pledge. There shall be deposited <br />into the Bond Fund, as and when received, (a) any amount in the Construction Fund <br />directed to be paid into the Bond Fund pursuant to Section 3.04 of the Agreement; <br />(b) amounts transferred from the Reserve Fund to the Bond Fund pursuant to Section <br />5.05 hereof; (c) all Base Loan Payments; (d) all moneys received by the Servicing <br />Agent with respect to the Deed of Trust; and (e) all other moneys received by the <br />Servicing Agent under and pursuant to any of the provisions of the Agreement which <br />are required or which are accompanied by directions that such moneys are to be paid <br />into the Bond Fund. All of said moneys are hereby pledged to the payment of the <br />Bonds. <br /> <br />Section 5.04. Use of Moneys in Bond Fund. Except as provided in Section <br />5.10 hereof, moneys in the Bond Fund shall be used solely for the payment of the <br />principal of, premium, if any, and interest on the Bonds, and for the redemption of <br />the Bonds prior to maturity. The Bond Fund shall be in the custody of the Servicing <br />Agent but in the name of the Authority, and the Authority hereby authorizes and <br />directs the Servicing Agent to withdraw sufficient funds from the Bond Fund to pay <br />the principal of, premium, if any, and interest on the Bonds as the same become due <br />and payable. <br /> <br />Section 5.05. Construction Fund. There is hereby created and established <br />with the Servicing Agent a special fund in the name of the Authority to be <br />designated "Industrial Development Authority of the City of Santa Ana Industrial <br />Revenue Bonds (Fairview Investors Project) Construction Fund" which shall be <br />expended in accordance with the provisions of Article III of the Agreement. <br /> <br />Section 5.06. Payments into the Construction Fund; Disbursements. The <br />proceeds received by the Authority upon the issuance and delivery of the Bonds <br />shall be deposited in the Construction Fund. Moneys in the Construction Fund shall <br />be disbursed by the Servicing Agent solely to pay Costs of Issuance and Costs of <br /> <br />13 <br />