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to pay, solely from the special fund provided therefor as hereinafter set forth, to the UNITED STATES OF AMERICA, HOUSING AND HOME FINANCE ADMINISTRATOR, or his successor (herein called the "Payee"), or his registered assigns (herein sometimes called the "Alternate Payee"), the principal sum of
ONE MILLION THREE-HUNDRED SIXTY-ONE THOUSAND DOLLARS
in annual instalments on the 1st day of September in the following years and in the following amounts, corresponding to the definitive coupon bonds herein after mentioned numbered as follows:

Year of Maturity	Principal Amount	Coupon Bond Numbers	Year of Maturity	Principal Amount	Coupon Bond Numbers
1982	$48,000	640 to 687	1992	$68,000	1,206 to 1,273
1983	50,000	688 to 737	1993	70,000	1,274 to 1,343
1984	52,000	738 to 789	1994	73,000	1,344 to 1,416
1985	53,000	790 to 842	1995	76,000	1,417 to 1,492
1986	55,000	843 to 897	1996	78,000	1,493 to 1,570
1987	57,000	898 to 954	1997	80,000	1,571 to 1,650
1988	59,000	955 to 1,013	1998	83,000	1,651 to 1,733
1989	62,000	1,014 to 1,075	1999	86,000	1,734 to 1,819
1990	64,000	1,076 to 1,139	2000	89,000	1,820 to 1,908
1991	66,000	1,140 to 1,205	2001	92,000	1,909 to 2,000

and to pay, solely from said special fund, interest from the date hereof on the unpaid portion of such principal sum at the rate of 3-1/2% per annum until payment thereof, such interest until the final maturity of this bond being payable semi-annually on the 1st days of March and September in each year. Both the principal of and the interest on this bond are payable in any coin or currency which on the respective dates of payment thereof is legal tender for the payment of debts due the United States of America.

During the time the Payee is the registered owner of this bond payment of the instalments of principal and interest then due and payable shall be made at the Federal Reserve Bank of Richmond, Richmond, Virginia, or at such other fiscal agent as the Payee shall designate (said Federal Reserve Bank or other fiscal agent being herein called the "Payee's Fiscal Agent"), and during any such time as the Alternate Payee shall be the registered owner of this bond payment of the instalments of principal and interest then due and payable shall be made at the Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, or, at the option of the Alternate Payee, at First National City Bank, in the Borough of Manhattan, City and State of New York. Payments of principal and interest, including any prepayments of instalments of principal, shall be noted on the Payment Record made a part of this bond and written notice of the notation of such payment on the Payment Record shall be given promptly to the Treasurer of the Board without