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12-14-98 12:04 FROM- T-T63 P.05/12 F-280 1 (C) NO OTHER ENCUMBR~NCES. Excep~ as provided herein, che Caunty sha4I not sell. ~~-~' ? convey, moregage, enctunber or otherwise dispose of the Securiry or ~~ny part thereof ~~hile any 3 Certificates secured ~here6y remain Outstanding. ~ a ~ (D} THE MORTGAGE. Concurrently with [he execution and delivery of the i 998 Certificazes, 6 the County sha31 execute and deliver to the Truscee the Mortgage. Concurrently wiFh: (i) the ~ County's condominium interescs in the Caunhouse Square Project coming into legal exisEence by s virnie of ~he f ling of the Condominium DelcaraLion with respeci to the t'ouRhouse Squar~ Project, 9 and (ii) the com~~yance to the Counry af its condominium units in the Co~nhouse Squaze Project the ~4 Counry shall execute and deliver io the lrustee the Mongage Amendm~ni ir~ s~b~~aru~~l,~~:~ie:~c~~ ....., . . . .. . . ... ._ .. :. i ~ att~.cl~~c~~i~t~'u~ ~s.tl~~~~ai~t~a~~~~en~~tent ~~~e,~d~x:bt,~~apprr~pt~~~~y;com,p~~~ tQ.~~,sc~.t~.~~~ 1? ~QU,t~~}~ s~~r~#~~t~uzu~ ~~t~ ~nsi::~g~~.e~~e :irtur~sts, which Mortbage Amendment shail b~ .. 13 prompily recorded hy the~Trustee in the real estate records for Marion Counry, Oregon. ta ts SECTION 2I0. DISCHARGE OF LIEN. Subject to ~he grovision~ of this Section, upon: 16 t~ (i) payment in full of the principal, premium, if any, and interesi evidenced by the 18 Certificates; and 19 ?4 (ii} payment in full of all amounts owing io ~he T'rustee under this A~r~ement; ~~ ?3 the Security shall be released fram the lien of this A~reement, the A~reeR~enc and the Mortga~e shall ?3 be released and discharged and the Trustee shall deliver to the Coun[y any written instruments ``" ?~ necessarr• to evidence such relcase and discharge and any funds in its pos:session (including amounts as in the Cenificate Payment Fund, the Project Fund and any ocher fund held by che Trustee under any 26 Supplemen~al A~reement) in excess of zhe amounts required ~o provide for payment of such sums, ?~ shall be paid to or as directed in writing by che County. ~g ?~ A Cenificate ~hall be deemed tv have been p3id prior to the rr~aturity or prepayment date ~o thereof for purposes of this Agreement upon satisfaction af the following conditions: ~~ ~3 (a) if such C~r[ificate is to be prepa.id on any date prior to i cs scated principal due date, 33 the County shalI have given to the 7custee irrevocable instructions co mail notice of 3~ prepayment of such Cenificate as required in ~his Agreement or ar~y applicable Supplemental 3s A~reemen~; and 36 37 (b} there shail have been deposited with the Trustee or any special escrow agent 38 appointed by the Counry for such gurpose. either: ~9 ao (i) moneys in an amount which shall be sufficient to pay, as and when due, -~ ~ the principal of, premium (if any) and interest evidence~ by and to become due an ~? said Cer[ificate on the prepayment or stated principal di~e date therefor and on each -~~ Interest Payment Date prior to such prepayment or state~t principal dare; or FINANCING A~D TR(!ST 4CREEMEHT ~ P.~aGE 2~