14-20 Cedar Glen Bond Ordinance Addendums

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Section 2.4 Payment on Bonds. The principal of and interest on the Bonds shall be payable Ym p P P Y in any coin or currency of the United States of America which, at the respective dates of payment thereof, is legal tender for the payment of public and private debts. The final payments on the Bonds shall be payable at the principal corporate office of the Bondholder. All other payments on the Bonds shall be made to the person appearing on the Bond registration books of the Issuer as the registered owner of the Bonds by check mailed to the registered owner thereof as shown on the registration books of the Issuer or, if prior written instructions have been provided to the Issuer and the Borrower, by wire transfer of immediately available funds on the interest payment date. If the payment date occurs on a date when financial institutions are not open for business, the wire transfer shall be made on the next succeeding business day. Section 2.5 Execution: Limited Obligation. The Bonds shall be executed on behalf of the Issuer with the manual or facsimile signature of its Mayor and attested with the manual or facsimile signature of its Clerk and shall have impressed or printed thereon the corporate seal of the Issuer. Such facsimiles shall have the same force and effect as if such officer had manually signed each of the Bonds. If any officer whose signature or facsimile signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature or such facsimile shall, nevertheless, be valid and sufficient for all purposes,the same as if he had remained in office until delivery. The Bonds, and the interest payable thereon, do not and shall not represent or constitute a debt of the Issuer,the State of Indiana or any political subdivision or taxing authority thereof within the meaning of the provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof.The Bonds, as to both principal and interest, are not an obligation or liability of the State of Indiana, or of any political subdivision or taxing authority thereof, but are a special and limited obligation of the Issuer and are payable solely and only from the Trust Estate, consisting of funds and accounts held under this Agreement and payments to be made on the Note issued under this Agreement pledged and assigned for their payment in accordance with this Agreement. Neither the faith and credit nor the taxing power of the Issuer, the State of Indiana or any political subdivision or taxing authority thereof is pledged to the payment of the principal of or premium, if any, or interest on the Bonds. The Bonds do not grant the owners or holders thereof any right to have the Issuer,the State of Indiana or its General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy any taxes or appropriate any funds for the payment of the principal of or premium, if any, or interest on the Bonds. No covenant or agreement contained in the Bonds or this Agreement shall be deemed to be a covenant or agreement of the the Issuer or of any member, director, officer, agent, attorney or employee of the Issuer in his or her individual capacity, and neither the Issuer nor any member, director, officer, agent, attorney or employee of the Issuer executing the Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability by reason of the issuance of the Bonds. Section 2.6 Authentication. No Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Agreement unless and until the certificate of authentication on such Bond substantially in the form set forth in Exhibit D hereto shall have been duly executed by the City Clerk of the Issuer, and such executed certificate of the City Clerk of the Issuer upon any such Bond shall be conclusive evidence that such Bond has been authenticated and delivered under this Agreement. The City Clerk of the Issuer's certificate of authentication on any Bond shall be deemed to have been executed by it if signed by an authorized officer of the City Clerk of the Issuer, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Bonds issued hereunder. Section 2.7 Form of Bonds. The Bonds and the City Clerk of the Issuer's certificate of authentication to be endorsed thereon shall be substantially in the forms set forth in Exhibit D hereto, Page 15