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based on the "just and equitable rates and charges" requirement under <br />Indiana Code 13-26-11-8 and all other applicable requirements under <br />Indiana Code 13-26. <br />L) In order to pay the principal and interest due and payable on the Bonds, <br />South Bend shall transfer the District Rate Revenues to the District by the <br />151h of each month following the month of collection. In addition, South <br />Bend shall provide the District with a report showing the total amount of <br />current and past due District Rate Revenues collected for each customer of <br />the Sub -District. <br />M) South Bend agrees to obtain usage information (meter readings) from all the <br />users within the Project Area and on a not less than annual basis provide <br />such usage information to the District, including a detail of the usage <br />information for each user in the Project Area. <br />N) The "monthly credit" referenced in Exhibit "C" attached hereto <br />contemplates and includes any system development charges owed to South <br />Bend for connection to South Bend's sewer system as described under <br />Section 17-79 of the South Bend Municipal Code, as may be amended from <br />time to time, and shall represent the assumed collection system net value <br />remaining after the Bonds are retired. <br />O) For so long as the Bonds are outstanding and owned by the USDA, this <br />Project Addendum No. 2 is hereby pledged as security for the payment of <br />principal and interest on the Bonds. <br />II. MISCELLANEOUS PROVISIONS. <br />A. Recordation. <br />This Project Addendum No. 2 to the Master Agreement shall be recorded by <br />South Bend in the Office of the Recorder for St. Joseph County, Indiana. <br />B. Defined Terms. <br />Capitalized terms used herein and not otherwise defined herein shall have the <br />meaning ascribed to them in the Master Agreement. <br />(Signature page follows) <br />5 <br />