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<br />, ' <br /> <br />registration of the Note and for transfer of the Note. The principal <br />of and interest on the Note shall be payable to the Lender or <br />registered assigns in lawful money of the United States of America at <br />the address of the Lender or registered assigns as shown on the Note <br />Register. ~ <br /> <br />7.) Mutilated, Lost, Stolen or Destroyed Note. If the Note is <br />mutilated, lost, stolen or destroyed, the City may execute and deliver <br />to the registered owner a new Note of like date, number, maturity and <br />tenor as that mutilated, lost, stolen or destroyed; provided that, in <br />the case of mutilation, the mutilated Note shall first be surrendered <br />to the City, and in the case of a lost, stolen or destroyed Note, <br />there shall be first furnished to the City and the Borrower evidence <br />of such loss, theft or destruction satisfactory to the City and the <br />Borrower together with indemnity satisfactocy to them. The City may <br />charge the noteholder with its reasonable fees and expenses incurred <br />in connection with the issuance of such a new Note. <br /> <br />8.) Transfer of Note; Person Treated as Owner. The Note shall <br />be transferable by the registered owner on the Note Register of the <br />City, upon presentation of the Note for notation of such transfer <br />thereon at the office of the City Clerk, as Note Registrar, <br />accompanied by a written instrument of transfer in form satisfactory <br />to the Note Registrar duly executed by the registered owner or its <br />attorney duly authorized in writing. The registered owner seeking to <br />transfer ownership of the Note shall also give written notice thereof <br />to the Borrower. The Note shall continue to be subject to successive <br />transfers at the option of the registered owner of the Note. No <br />service charge shall be made for any such transfer, but the Note <br />Registrar may require payment of a sum sufficient to cover any tax or <br />other governmental charge payable in connection therewith. The Note <br />Registrar shall give written notice to the Borrower of any transfer of <br />ownership recorded on the Note Register immediately upon effectuating <br />the same. The person in whose name the Note shall be registered from <br />time to time shall be deemed and regarded as the absolute owner <br />thereof for all purposes, and payment of or on account of the <br />principal of and interest on the Note shall be made only to or upon <br />the order of the owner thereof, or its attorney duly authorized in <br />writing and neither the City, the Note Registrar nor the Borrower <br />shall be affected by any notice to the contrary. All such payments <br />shall be valid and effectual to satisfy and discharge the liability <br />upon the Note to the extent of the sum or sums so paid. <br /> <br />r <br />9.) Amendments, Charges and Modifications to Loan Agreement, <br />Loan ASSignment and Note Resolution. The City shall not, without the <br />written consent of the Lender, enter into any agreement, change, <br />modification, alteration or termination of the Loan Agreement, the <br />Loan Assignment or this Note Resolution. <br /> <br />10.) Certificates, Etc. The Mayor, the City Clerk and other <br />officers of the City are authorized and directed to prepare and <br />furnish to the purchaser of the Note certified copies of all <br />proceedin~s and records of the City relating to the Note and such <br />other affldavits and certificates as may be required to show the facts <br /> <br />5. <br />