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This bond is one of the bonds described in the <br />within - mentioned Resolution. <br />BANK ONE, INDIANAPOLIS, NATIONAL <br />ASSOCIATION, as Registrar <br />By <br />Authorized Representative <br />(To Be Printed on Reverse Side) <br />This bond is one of an authorized issue of bonds of <br />like original date and tenor, except as to authentication <br />date, numbering, denomination, date of maturity, interest <br />rate, and redemption terms, in the aggregate principal <br />amount of Dollars ($ ). <br />Said bonds are issued by the South Bend Redevelopment <br />District pursuant to a resolution entitled "Resolution of <br />the South Bend Redevelopment Commission Regarding Issuance <br />of Tax Increment Revenue Refunding Bonds" (Resolution No. <br />1054) (the "Resolution ") adopted by the South Bend <br />Redevelopment Commission (the "Commission ") on May 1, 1992, <br />as amended on May 22, 1992 by Resolution No. 1065, in <br />strict compliance with I.C. 36 -7 -14. The Bonds were issued <br />to advance refund certain prior bonds issued in 1985 which <br />mature after February 1, 1996 and in 1986 which mature <br />after February 1, 1997, all as more particularly described <br />in the Resolution. <br />The bonds of this issue rank on a parity with the <br />bonds designated "City of South Bend, Indiana Redevelopment <br />District Tax Increment Revenue Bonds of 1985" which mature <br />between February 1, 1993 and February 1, 1996 in principal <br />amount of $950,000, and with the bonds designated as "City <br />of South Bend Redevelopment District Tax Increment Revenue <br />Bonds of 1986" which mature between February 1, 1993 and <br />February 1, 1997 in principal amount of $400,000, and with <br />the bonds designated as "City of South Bend Redevelopment <br />District Tax Increment Revenue Bonds of 1988" outstanding <br />in principal amount of $1,775,000. The Tax Increment <br />Revenue Bonds of 1985 which mature after February 1, 1996 <br />and the Tax Increment Revenue Bonds of 1986 which mature <br />after February 1, 1997, in total principal amount of <br />IL $4,225,000, have been called for redemption on February 1, <br />1996 and February 1, 1997, respectively, and the Issuer has <br />deposited funds into an irrevocable escrow to effect the <br />call. <br />The bonds of this issue maturing on or after <br />February 1, 2001, shall be redeemable at the option of the <br />-8- <br />