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

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SECTION TABLE OF CONTENTS HEADING PAGE SECTION 1. PURCHASE AND SALE OF BONDS AND TAXABLE NOTE .......................... 1 Section 1.1. Purpose of Issue ............................................ ............................... l Section 1.2. Description of Bonds and Taxable Note ........... ............................... 2 Section 1.3. Security for the Bonds and Taxable Note ......... ............................... 3 Section 1.4. Purchase of the Bonds and the Taxable Note ...... ..............................3 SECTION 2. CONDITIONS TO OBLIGATIONS ............................ ............................... 4 Section 2.1. Execution of Documents .................................. ..............................4 Section 2.2. Closing Certificate of the Issuer ....................... ..............................4 Section 2.3. Tax Election Certificate ................................. ............................... 4 Section 2.4. Opinions of Counsel ........................................ ..............................4 Section 2.5. Certificate of the Agency ................................. ..............................4 Section 2.6. Proceedings Satisfactory .................................. ..............................4 Section 2.7. Closing Certificate of the Borrower ................ ............................... 5 Section 2.8. Closing and Representation Certificate of FBT . ............................... 5 Section 2.9. Mortgage Title Insurance ............................... ............................... 5 Section2.10. Survey ........................................................... ..............................5 Section 2.11. Evidence of Insurance ..................................... ..............................5 Section 2.12. Environmental Indemnity Agreement ............... ..............................6 Section 2.13. Environmental Protection ................................ ..............................6 Section 2.14. Engineer's Report ........................................... ..............................6 SECTION 3. WARRANTIES AND REPRESENTATIONS OF THE ISSUER ......................... 6 SECTION 4. REPRESENTATIONS AND COVENANTS OF THE BORROWER ..................... 7 SECTION 5. AGREEMENTS OF PARTIES .................................. ............................... 8 Section 5.1. Agreement of Borrower to Accept Financing .... ..............................8 Section 5.2. Borrower Existence; Operation of Project; Transfers of Interests in Project and Borrower ................... ............................... 9 Section 5.3. Limitations on Nature of Business .................... ..............................9 Section 5.4. Indemnification Covenants ............................... ..............................9 Section 5.5. Insurance .................................................... ............................... 10 Section 5.6. Maintenance and Repair ............................... ............................... 10 Section 5.7. Investments ................................................. ............................... 10 Section5.8. Liens .......................................................... ............................... 11 Section5.9. Taxes ......................................................... ............................... 11 Section 5.10. Further Assurances and Corrective Instruments ............................. 11 Section5.11. Inspection ..................................................... .............................11 -i-