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Principal Interest Principal Interest Year Amount Rate Year Amount Rate 2011 $440,000 4 000% 2022 $690,000 4.250% 2012 460,000 4 000% 2023 720,000 4300% 2013 480,000 4 000% 2024 755,000 4375% 2014 500,000 4 000% 2025 790,000 4.400% 2015 520,000 4 000% 2026 825,000 4500% 2016 540,000 4 000% 2027 860,000 4500% 2017 560,000 4 000% 2028 900,000 4500% 2018 585,000 4 000% 2029 945,000 4500% 2019 610,000 4 100% 2030 985,000 4.500% 2020 635,000 4 200% 2031 1,030,000 4500% 2021 665,000 4250% 2032 1,080,000 4.500% SectIon 3 03 MedIUm. Method and Place of Payment. (a) The prIncIpal of, premIUm, If any, and Interest on the CertIficates shall be paId In lawful money of the Umted States of Amenca as provIded In thIS SectIOn. (b) Interest on the CertIficates shall be payable to the Owners whose names appear In the RegIster at the close of business on the Record Date, provIded, however, that in the event of nonpayment of Interest on a scheduled Interest Payment Date, and for 30 days thereafter, a new record date for such Interest payment (a "SpecIal Record Date") will be establIshed by the PaYIng Agent/RegIstrar If and when funds for the payment of such Interest have been receIved from the CIty NotIce of the SpecIal Record Date and of the scheduled payment date of the past due Interest (the "Special Payment Date", whIch shall be at least 15 days after the Special Record Date) shall be sent at least five bus mess days pnor to the SpecIal Record Date by Umted States mail, first class postage prepaid, to the address of each Owner of a CertIficate appeanng on the books of the PaYIng Agent/RegIstrar at the close of busmess on the last busIness day next precedmg the date of maIlIng of such notIce (c) Interest on the CertIficates shall be paid by check (dated as of the Interest Payment Date) and sent by the PaYIng Agent/RegIstrar to the person entItled to such payment by Umted States mail, first class postage prepaId, to the address of such person as it appears In the RegIster or by such other customary bankIng arrangements acceptable to the PaYIng Agent/RegIstrar and the person to whom interest IS to be paId; provIded, however, that such person shall bear all nsk and expenses of such other customary bankIng arrangements. S an Marcos CTRCO 2007 Ordinance 6