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<br />SECTION 1. The First Supplemental Indenture of Trust (the "Supplemental Indenture")
<br />between the Authority and U,S, Bank Trust National Association, as successor trustee (the "Trustee"), in
<br />the fonn on file with the Secretary is hereby approved. The Chairperson and Executive Director (the
<br />"Designated Officers") are, and each of them acting alone is, hereby authorized and directed, for an in the
<br />name and on behalf of the Authority, to execute and deliver the Supplemental Indenture, and the
<br />Secretary is hereby authorized to attest the signature of the Designated Officer, in substantially said fonn,
<br />with such additions thereto or changes therein as are recommended or approved by the Designated
<br />Officers upon consultation with bond counsel to the Authority, including such additions or changes as are
<br />necessary or advisable in accordance with Section 5 hereof, the approval of such additions or changes to
<br />be conclusively evidenced by the execution and delivery by the Authority of the Supplemental Indenture,
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<br />SECTION 2. The First Amendment to Loan Agreement (the "Amendment to Loan Agreement")
<br />among the Authority, the Trustee and the Borrower, in the fonn on file with the Secretary, is hereby
<br />approved, The Designated Officers are, and each of them acting alone is, hereby authorized and directed,
<br />for and in the name and on behalf of the Authority, to execute and deliver the Amendment to Loan
<br />Agreement, and the Secretary is hereby authorized to attest the signature of a Designated Officer, in
<br />substantially said fonn, with such additions thereto or changes therein as are recommended or approved
<br />by said Designated Officers upon consultation with bond counsel to the Authority, including such
<br />additions or changes as are necessary or advisable in accordance with Section 5 hereof, the approval of
<br />such additions or changes to be conclusively evidenced by the execution and delivery by the Authority of
<br />the Amendment to Loan Agreement.
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<br />SECTION 3. The First Amendment to Amended and Restated Regulatory Agreement and
<br />Declarations of Restrictive Covenants (the "First Amendment to Regulatory Agreement") among the
<br />Authority, the Trustee and the Borrower, in the form on file with the Secretary, is hereby approved, The
<br />Designated Officers are, and each of them acting alone is, hereby authorized and directed, for and in the
<br />name and on behalf of the Authority, to execute and deliver the First Amendment to Regulatory
<br />Agreement, and the Secretary is hereby authorized to attest the signature of the Designated Officer, in
<br />substantially said fonn, with such additional thereto or changes therein as are recommended or approved
<br />by the Designated Officers upon consultation with bond counsel to the Authority, including such
<br />additions or changes as are necessary or advisable in accordance with Section 5 hereof, the approval of
<br />such additions or changes to be conclusively evidenced by the execution and delivery by the Authority of
<br />the First Amendment to Regulatory Agreement.
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<br />SECTION 4. The Intercreditor Agreement (the "Intercreditor Agreement") among the
<br />Authority, the Trustee and Fannie Mae, in the fonn on file with the Secretary, is hereby approved, The
<br />Designated Officers are, and each of them acting alone is, hereby authorized and directed, for and in the
<br />name and on behalf of the Authority, to execute and deliver the Intercreditor Agreement, and the
<br />Secretary is hereby authorized to attest the signature of the Designated Officer, in substantially said fonn,
<br />with such additions thereto or changes therein as are recommended or approved by the Designated
<br />Officers upon consultation with bond counsel to the Authority, including such additions or changes as are
<br />necessary or advisable in accordance with Section 5 hereof, the approval of such additions or changes to
<br />conclusively evidenced by the execution and delivery by the Authority of the Intercreditor Agreement.
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<br />SECTION 5. The Executive Director and any and all other officials of the Authority or such
<br />other person designated by the Authority are hereby directed, for and on behalf of the Authority, to do any
<br />and all things and take any and all actions, including, without limitation, the execution and delivery of any
<br />and all amendments or supplements to the documents executed and delivered by the Authority in
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