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1 d. That portion of the adjusted indebtedness unacorued on the <br /> 2 date when but for the operation of this Article 13, the adjusted <br /> 3 indebtedness of the Association would have been paid in Rill pursuant <br /> 4 to Article 12 shall be subject from that date to a charge of three <br /> 5 percent (3%) per annum until due and payable. Said unaccrued portion <br /> 6 on said date shall be payable to the United States by the Association <br /> 7 in successive annual installments of $60,000.00 each, beginning on the <br /> 8 following May 1, the interest charge accrued to each installment pay- <br /> 9 ment date to be payable in addition to the installment on the principal, <br /> 10 Said installments shall also be subject to adjustment by the normal and <br /> 11 percentage plan under the provisions of this article, subject to sub- <br /> 12 division e of this article. <br /> 13 e. If at any time, by reason of the operations of the provisions <br /> 14 of this Article 13, the unaccrued portion of the project adjusted <br /> 15 indebtedness has been reduced to an amount equal to or less than <br /> 16 $60,000.00, the unacorued portion shall be paid on the due date of the <br /> 17 next installment without further adjustment under this article. <br /> 18 GENERAL OBLIGATIONS OF THE ASSOCIATION <br /> 19 14. The Association's obligations hereunder are general repayment <br /> 20 obligations which the Association agrees to pay to the United States <br /> 21 according to the terms stated in this contract, notwithstanding default by <br /> 22 a stockholder or others in the payment to the Association of any assess- <br /> 23 ments or other charges. <br /> 9 <br /> 84 <br />