8448-93 Authorizing City of South Bend Economic Development Revenue Refunding Bonds (First Bank Center Project) $8,030,384.77

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(iii) a final installment, payable on the first day of the 220th month following the Purchase Date, in the amount of the entire unpaid principal balance of and interest on this Bond. Under the circumstances set forth in Section 210 of the Indenture referred to below relating to taxability for Federal income tax purposes of interest on this Bond, the holder hereof may be entitled to receive additional interest and other payments pursuant to said Section 210, to which reference is hereby made. This Bond shall bear interest on any overdue installment of principal and premium and (to the extent that the payment of such interest shall be legally enforceable) on any overdue installment of interest at a rate per annum determined by adding four percent (4 %) to the interest rate on or with respect to such installment of principal in effect at the payment date of such installment until paid. In the event any installment of principal of or interest on this Bond is not paid when due, a delinquency charge equal to four percent (4 %) of such installment shall be payable, upon demand of the holder hereof, to reimburse the holder hereof for extra expense incurred in the administration of such delinquent payments. Both principal of and interest on this Bond are payable in lawful money of the United States of America immediately available at the principal office of The Indiana National Bank, as Trustee under the Indenture referred to below, or its successor in trust. Each installment of principal and interest, when paid, shall be first applied to the payment of interest accrued to and .including the date fixed for payment on the unpaid principal amount of this Bond, and the balance thereof to payment on account of the principal hereof. This Bond is one of a series of Bonds issued under the hereinafter described Indenture of Trust in an aggregate principal amount not to exceed $8,030,384.77 (hereinafter referred to as the "Bonds ") in order to pay a portion of the redemption price of and amount required to prepay the Issuer's $9,000,000 Economic Development Revenue Bonds (First Bank Center Project) (the "Prior Bonds ") which were issued (a) to increase employment and to promote the diversification of business, commerce and industry in and near the Issuer and to promote the health, prosperity, economic stability and general welfare of the area in and near the Issuer by funding a loan by the Issuer to the Borrower, and (b) for the purpose of financing costs of the acquisition and construction by the Borrower of certain economic development facilities (the "Project ") located in the City of South Bend, Indiana to be operated as a bank office building. This Bond is issued under and secured and entitled to the security of an Indenture of Trust dated as of November 15, 1993 (hereinafter referred to as the "Indenture ") duly executed and delivered by the Issuer to NBD Bank, N.A., in Indianapolis, Indiana as Trustee (the term "Trustee" where used herein referring to said Trustee or its successors in said trust), and also to certain other security described in the Indenture. Reference is made to the Indenture and to all indentures supplemental thereto for a description of the provisions, among others, with respect to the nature and extent of the security, the rights, duties and -3-