Authorizing the city Amend Documents Relating to its economic development refunding revenue bond series 1983

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SENT BY: ICE MILLER ;10-26-92 ; 5:59PM ; COPY CENTER- • 2192842397;#17 3. At the option of the Holder exercisable at any time during the term of this Note, payments due under this Note may be required to be paid by wire transfer or other immediately available funds satisfactory to Holder. 4. If any payment under this Note is not paid within five calendar days after the date payment is due, then Maker shall pay to Holder a late charge of five percent (5%) of such payment. If any payment under this Note is not paid within fifteen (15) days after the date payment is due, then the entire principal balance of this Note shall bear interest from the due date of such late payment until such late payment is paid at a rate of five percent (5%) per annum in excess of the interest rate then applicable hereunder. The late charge and excess interest shall be due and payable immediately without demand. The receipt or acceptance by Holder of the late charge or excess interest shall be without prejudice to its rights to declare a default hereunder and shall not constitute a waiver of Holder's right to either require prompt payment when due of all sums payable hereunder or to declare a default for failure to make prompt payment. 5. From and after the date hereof, Maker shall not have any right except as otherwise specifically provided, to prepay all or a portion of the principal balance of this Note until September 1, 1993. Commencing with September 1, 1993, on any payment date thereafter and with at least sixty(60)days' prior written notice to Holder thereof, additional payments may be made by Maker which will be credited to installments of principal in the inverse order of maturity and shall be noted on Exhibit A hereto. Any prepaid amounts specified in such prior written notice together with the applicable prepayment premium shall become due and payable at the time provided in said notice. In the event of such prepayment either in full or in part a premium of 5% of the amount so prepaid shall be charged during the loan year commencing September 1, 1993 and ending August 31, 1994. Such premium shall decrease by one-half percent ('h%) per year thereafter until a premium of one percent (1%) is reached, which premium shall continue until maturity. To the extent permitted by law, such prepayment premium shall also be payable if the loan is prepaid following an acceleration after default, provided that if the principal sum is so prepaid prior to September 1, 1993, the premium payable in respect thereof shall be an amount equal to ten percent (10%) of the principal sum prepaid. There shall be no prepayment premium payable if the principal sum is prepaid with casualty insurance proceeds or condemnation awards. 6. Notwithstanding the foregoing, upon at least six (6) months written notice to ° Maker, Holder shall, at its sole option, have the right to call for payment in full of the principal balance of this Note plus accrued interest, with no prepayment premium, on August 31, 1993, August 31, 1999, August 31, 2003, and August 31, 2008. Under no circumstances shall this paragraph be construed to make this Note one which is payable on demand except after such demand has been made and such six (6) months' notice period expired. 7. If holder receives notice of a Determination of Taxability(as hereinafter defined), then the rate of interest then payable under this Note shall automatically be increased by two and one-half percent (2l %)per annum, effective as of the date of receipt by Holder of such notice, - 2 -