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by law or funds deposited under the Escrow Agreement are used to <br />pay the Refunded Bonds at their stated maturity dates, all <br />determined with the advice of bond counsel and the financial <br />advisor retained by the Commission in connection with the issuance <br />of the Bonds. <br />Section 2. Form of Bonds. The form and tenor of the <br />Bonds shall be substantially as follows, all blanks to be filled in <br />properly prior to delivery thereof: <br />UNITED STATES OF AMERICA <br />State of Indiana <br />County of St. Joseph <br />Reaistered <br />No. R $ <br />CITY OF SOUTH BEND, INDIANA <br />REDEVELOPMENT DISTRICT TAX INCREMENT <br />REVENUE REFUNDING BOND OF 1992 <br />Interest Maturity Original Authentication <br />Rate Date Date Date CUSIP <br />REGISTERED OWNER: <br />PRINCIPAL SUM: <br />The City of South Bend, in St. Joseph County, State of <br />Indiana, acting for and on behalf of the South Bend <br />Redevelopment District (which District includes all of the <br />territory within the corporation boundaries of the City of <br />South Bend, Indiana) (the "Issuer ") for value received, <br />hereby promises to pay to the Registered Owner hereof, upon <br />surrender hereof, solely from allocated incremental taxes <br />on real property and proceeds from the sale or leasing of <br />property located in the South Bend Central Allocation Area <br />of the District (the "Area ") and earnings thereon, the <br />-5- <br />