14-20 Cedar Glen Bond Ordinance Addendums

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and each Interest Payment Date, a "Payment Date") in accordance with the provisions of the Indenture. Interest will be calculated and be due on the basis of a 360-day year consisting of twelve 30-day months. So long as the Bonds are in book-entry form,principal of and interest on the Bonds will be payable by the Trustee to Cede&Co. See"Book-Entry Only System"below. Book-Entry Only System Beneficial ownership interests in the Bonds will be available in book-entry-only form. The Bonds will be issued as fully-registered bonds, registered in the name of Cede& Co., as registered owner and nominee for The Depository Trust Company("DTC"), New York, New York. See"APPENDIX B - BOOK-ENTRY ONLY SYSTEM". So long as Cede & Co. is the registered owner of the Bonds, references herein to the Bondholders or holders or registered owner or owners of the Bonds mean Cede& Co. and not the beneficial owners of the Bonds. None of the Issuer, the Underwriter, the Borrower or the Trustee has any responsibility or obligation to any Beneficial Owner (as defined in APPENDIX B) with respect to (1)the accuracy of any records maintained by DTC or any DTC participant, (2) the distribution by DTC or any DTC participant of any notice that is permitted or required to be given to the owners of the Bonds, (3) the payment by DTC or any DTC participant of any amount received with respect to the Bonds, (4)any consent given or other action taken by DTC or its nominee as the owner of the Bonds, or(5)any other related matter. Special Obligations The Bonds are special, limited obligations of the Issuer payable solely from the Trust Estate (as defined herein) pledged under the Indenture and not from any other revenues, funds or assets of the Issuer. The Bonds are not general obligations, debt or bonded indebtedness of the Issuer or of the State or any political subdivision thereof, and the holder thereof does not have the right to have excises or taxes levied by the Issuer or by the State or any political subdivision thereof for the payment of the principal and premium, if any, and interest on the Bonds. Mandatory Tender Purchase of Bonds on Mandatory Tender Dates. All Outstanding Bonds shall be subject to Mandatory Tender by the Holders for purchase in whole and not in part on each Mandatory Tender Date. The purchase price for each such Bond shall be payable in lawful money of the United States of America by wire, check or draft, shall equal 100% of the principal amount to be purchased and accrued interest, if any,to the Mandatory Tender Date, and shall be paid in full on the applicable Mandatory Tender Date. Holding of Tendered Bonds. While tendered Bonds are in the custody of the Trustee pending purchase pursuant to the Indenture, the tendering Holders thereof shall be deemed the owners thereof for all purposes, and interest accruing on tendered Bonds through the day preceding the applicable Mandatory Tender Date is to be paid as if such Bonds had not been tendered for purchase. Purchase of Tendered Bonds. The Trustee shall utilize amounts representing proceeds of remarketed Bonds on deposit in the Remarketing Proceeds Account to pay the principal amount, plus accrued interest, of Bonds tendered for purchase not later than 11:30 a.m. Local Time on the Mandatory Tender Date. Undelivered Bonds. Bonds shall be deemed to have been tendered for purposes of the Indenture whether or not the Holders shall have delivered such Undelivered Bonds to the Trustee, and subject to the right of the Holders of such Undelivered Bonds to receive the purchase price of such Bonds on the - 3 -