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82 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
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 | 82 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
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 |