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� �. . m n <br /> employ e t opportunities, retain employment opportunities , <br /> encourage and increase commerce and industry within the City of <br />, Decatur, Illinois. The proceeds of this Bond will be used by the <br /> Issuer to pay or reimburse Pershing Development Company, an <br /> I1linois limited partnership (hereinafter called the "Borrower") , <br />� for the costs of the Project, under the terms of a Loan Agreement <br /> dated as of December 1 , 1985 (which agreement, as from time to <br /> time supplemented and amended, is hereinafter referred to as the <br /> "Loan Agreement") . The Borrower is leasing the Project to <br /> Johnston Super Markets, Inc. , an Illinois corporation (the <br /> "Lessee") , pursuant to a Lease Agreement (the "Lease" ) by and <br /> between the Borrower, as lessor, and the Lessee. <br /> This Bond is secured by a pledge and assignment of re- <br /> I ceipts derived by the Issuer pursuant to the Loan Agreement, the <br />, Promissory Note of the Borrower in the aggregate principal amount <br /> of $5,500 , 000 and a mortgage on and security interest in the <br /> Project effected by the Mortgage and Security Agreement dated as <br /> of December 1 , 1985 (the "Mortgage" ) given by the Borrower to the <br /> Issuer, and an assignment of rights of any Lease effected by the <br /> Lease Assignment, as more fully described in the Bond Ordinance. <br /> Reference is made to the Bond Ordinance for a description of the <br /> provisions , among others , with respect to the nature and extent <br /> of the security, the rights , duties and obligations of the <br /> Issuer, the rights of the owners of this Bond, and the terms on <br /> which this Bond is or may be issued and to all the provisions of <br />' which the owner hereof by th� acceptance of this Bond assents. <br />, -16- <br />