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

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following paragraph of this Section, Payment (as defined below) on any fully registered Bond on any interest payment date shall be made to the person appearing on the Bond registration books of the Issuer as the registered owner thereof and shall be paid by check or draft mailed to the registered owner at his address as it appears on such registration books or at such other address as is furnished the Trustee in writing by such holder. So long as any Bond is registered in the name of any Institutional Holder or a nominee thereof, the Trustee will, upon written request from such purchaser or its nominee given not less than 10 days prior to the payment or prepayment of the Bonds, thereafter cause all subsequent Payments (as defined below) on the Bonds registered in the name of such purchaser or its nominee to be made to such purchaser or its nominee at such address in the continental United States as shall be specified by such purchaser or nominee in such written request; such Payments shall be by bank wire transfer (or as otherwise directed) in immediately available Federal Reserve funds, on each such date such Payment is due, provided that the party to receive such Payment has facilities for the receipt of a wire transfer. The Trustee will transmit any such wire transfer from its offices not later than 11:00 A.M., Indianapolis, Indiana time, on each such Payment date as due, unless immediately available funds for such purpose have not then been made available to the Trustee for such purpose by the Borrower under Section 4.1 of the Loan Agreement, in which case such wire transfer shall be transmitted by the Trustee as soon as such funds are available to it. The Trustee shall keep a record of all such payments. Payments of principal and premium, if any, made in respect of any registered Bond shall be made to or upon the order of the registered owner or his legal representative. As used in this Section the term "Payment" shall mean all payments or prepayments of principal, premium, if any, and interest on any Bond and all payments payable in respect of such Bond pursuant to Section 8.3 of the Loan Agreement. Section 204. Execution; Limited Obligation. The Bonds shall be executed on behalf of the Issuer with the official manual signature of its Mayor and attested with the official manual signature of its City Clerk, and shall have impressed or printed thereon the corporate seal of the Issuer or a facsimile of the corporate seal of the Issuer. The Bonds, together with interest thereon, shall be limited obligations of the Issuer payable solely from the Revenues (except to the extent paid out of moneys attributable to the Bond proceeds or the income from the temporary investment thereof) and shall be a valid claim of the respective holders thereof only against the Bond Fund and the Revenues pledged to such Fund and other moneys held by the Trustee and also against certain other security described herein. The Bonds and the interest thereon do not now and shall never constitute an indebtedness or a loan of credit of the Issuer, the State of Indiana or any political subdivision thereof, or a charge against their general taxing powers within the meaning of any constitutional or statutory provision of the State of Indiana. In case any officer whose signature shall appear on the Bonds shall cease to be such officer before the delivery of such Bonds, such signature shall nevertheless be valid and sufficient for all purposes, the same as if he had remained in office until delivery. SNI