|                                                                                 |   | COMPUTATION      OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND |       |
|--------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|------------|
|                                                                                 |   | PREFERRED      STOCK DIVIDENDS                                      |       |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Year                                                                |       |   | Year |   |   | Year |   |   | Year |   |   | Year |   |   | Year |   |
|                                                                                 |   | Ended                                                               |       |   | Ended |   |   | Ended |   |   | Ended |   |   | Ended |   |   | Ended |   |
|                                                                                 |   | December      31, 2009                                              |       |   | December      31, 2008 |   |   | December      31, 2007 |   |   | December      31, 2006 |   |   | December      31, 2005 |   |   | December      31, 2004 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      Income                                                                      |   | $                                                                   | 17,994,036 |   |   | $ | 16,282,037 |   |   | $ | 16,826,749 |   |   | $ | 15,194,281 |   |   | $ | 14,053,083 |   |   | $ | 13,332,040 |   |
| Add:                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Interest      on                                       |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        indebtedness                               |   |                                                                | 4,346,519  |   |   |   | 5,006,460 |   |   |   | 4,712,893 |   |   |   | 4,486,743 |   |   |   | 4,007,754 |   |   |   | 4,354,454 |   |
|      Amortization      of                                   |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        financing      costs                       |   |                                                                | 288,235    |   |   |   | 172,954 |   |   |   | 182,872 |   |   |   | 138,028 |   |   |   | 151,133 |   |   |   | 152,258 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            Earnings           |   | $                                                                   | 22,628,790 |   |   | $ | 21,461,451 |   |   | $ | 21,722,514 |   |   | $ | 19,819,052 |   |   | $ | 18,211,970 |   |   | $ | 17,838,752 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed      charges and                                                               |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    preferred      stock                                               |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    dividends:                                                         |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Interest      on                                       |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        indebtedness                               |   | $                                                                   | 4,567,301  |   |   | $ | 5,564,105 |   |   | $ | 5,268,893 |   |   | $ | 4,684,743 |   |   | $ | 4,444,754 |   |   | $ | 4,659,454 |   |
|      Amortization      of                                   |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        financing      costs                       |   |                                                                | 288,235    |   |   |   | 172,954 |   |   |   | 182,872 |   |   |   | 138,028 |   |   |   | 151,133 |   |   |   | 152,258 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            Fixed      charges |   |                                                                | 4,855,536  |   |   |   | 5,737,059 |   |   |   | 5,451,765 |   |   |   | 4,822,771 |   |   |   | 4,595,887 |   |   |   | 4,811,712 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Add:                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    Preferred      stock                                               |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        dividends                                  |   |                                                                | -          |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      Combined      fixed                                    |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        charges      and                           |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        preferred      stock                       |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|        dividends                                  |   | $                                                                   | 4,855,536  |   |   | $ | 5,737,059 |   |   | $ | 5,451,765 |   |   | $ | 4,822,771 |   |   | $ | 4,595,887 |   |   | $ | 4,811,712 |   |
|                                                                                 |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio      of earnings to                                                            |   |                                                                |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      fixed      charges                                     |   |                                                                | 4.66x      |   |   |   | 3.74x |   |   |   | 3.98x |   |   |   | 4.11x |   |   |   | 3.96x |   |   |   | 3.71x |   |

----