14-20 Cedar Glen Bond Ordinance Addendums

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Authorized Amount of Bonds No Bonds may be issued under the Indenture except in accordance with the Indenture. The total authorized principal amount of Bonds to be issued under the provisions of the Indenture is $4,100,000*. The Indenture does not contemplate or authorize the issuance of additional series of parity bonds. Payment and Ownership of Bonds Principal and interest on the Bonds("Bond Service Charges") will be payable in lawful money of the United States of America without deduction for the services of the Trustee or any Paying Agent. Subject to the provisions of the Indenture with respect to the book-entry only system, (i) the principal of any Bond will be payable when due to a Holder upon presentation and surrender of such Bond at the designated corporate trust office of the Trustee or at the office, designated by the Trustee, of any Paying Agent, and (ii) interest on any Bond will be paid on each Interest Payment Date by check or draft which the Trustee will cause to be mailed on that date to the Person in whose name the Bond (or one or more Predecessor Bonds) is registered at the close of business on the 15t calendar day of the month immediately preceding that Interest Payment Date or 45 days before any Mandatory Tender Date (the "Regular Record Date") on the Register at the address appearing therein; or, at the option of any Holder of not less than $1,000,000 principal amount of Bonds, by wire transfer to any address in the United States of America on such Payment Date to such Holder as of such Regular Record Date, if such Holder provides the Bond Registrar with written notice of such wire transfer address not later than the Regular Record Date (which notice may provide that it will remain in effect with respect to subsequent Payment Dates unless and until changed or revoked by subsequent notice). If and to the extent, however, that the Trustee fails to make payment or provision for payment of interest on any Bond on any Interest Payment Date, that interest shall cease to be payable to the Person who was the Holder of that Bond (or of any previous Bond or Bonds evidencing all or a portion of the same debt as that evidenced by the particular Bond or Bonds ("Predecessor Bonds")) as of the applicable Regular Record Date. In that event, except as described below under this caption, when moneys become available for payment of the interest, (x) the Trustee shall, pursuant to the Indenture, establish a Special Record Date for the payment of that interest which shall be not more than 15 nor fewer than 10 days prior to the date of the proposed payment, and (y) the Trustee shall cause notice of the proposed payment and of the Special Record Date to be mailed by first-class mail,postage prepaid,to each Holder at its address as it appears on the Register not fewer than 10 days prior to the Special Record Date and, thereafter, such interest will be payable to the persons who are the Holders of the Bonds (or their respective Predecessor Bonds)at the close of business on the Special Record Date. Subject to the foregoing, each Bond delivered under the Indenture upon transfer thereof, or in exchange for or in replacement of any other Bond,will carry the rights to interest accrued and unpaid, and to accrue on that Bond,or which were carried by that Bond. Establishment of Funds The following funds are to be established and maintained by the Trustee under the Indenture: • the Bond Fund,including a separate Principal Payment Account, Interest Payment Account,and Remarketing Proceeds Account therein; • the Project Fund; *Preliminary,subject to change. - 12 -