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 : 5:36PM ; COPY CENTER- ` 2192842397;;;13 terms hereof or times for payment or of the terms of any of the Security Documents or the release or substitution of any security for the indebtedness evidenced hereby or any other indulgences shall not otherwise affect the liability of any of said parties for the indebtedness evidenced by this Bond. Any such renewals, extensions or modifications may be made without notice to any of said parties. 13. Subject to the provisions of paragraph 10 hereof, this Bond shall be the joint and several obligation of all makers, endorsers, guarantors, and sureties, and shall be binding upon them and their successors and assigns. Subject to the provisions of Section 10 hereof, all makers, endorsers, guarantors, and sureties hereof agree jointly and severally to pay all costs of collection and of suit and foreclosure, including reasonable attorneys' fees. 14. Any forbearance of Holder in exercising any right or remedy hereunder or under the Security Documents, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy. The acceptance by Holder of payment of any such amount payable hereunder after the due date of such payment shall not be a waiver of Holder's right either to require prompt payment when due of all other sums payable hereunder or to declare a default for failure to make prompt payment. 15. This Bond shall be governed by the laws of the State of Indiana, except to the extent that federal usury laws may be applicable. 16. All agreements between Issuer and Holder are expressly limited so that in no event whatsoever shall the amount paid or agreed to be paid to Holder for the use, forbearance or detention of the money to be advanced hereunder in accordance with the Security Documents exceed the highest lawful rate permissible under applicable law, it being the intent of Holder and Issuer in the execution hereof and of the Security Documents to contract in strict accordance with applicable usury laws. If any obligation under this Bond or under any Security Document shall involve transcending the usury limit prescribed by applicable law, then im lack the obligation to be fulfilled shall be reduced to such limit, and if from any circumstance Holder shall receive as interest an amount which would exceed the highest lawful rate allowable under applicable law, such amount which would be excessive interest shall be applied to the reduction of the unpaid principal balance due hereunder and not to the payment of interest, or if such excessive interest exceeds the unpaid principal balance, the excess shall be refunded to Borrower. This provision shall control every other provision of all agreements between Issuer, Borrower and Holder. 17. Pursuant to the terms of said Loan Agreement, Holder will endorse this Bond and its interest as Holder hereunder to the Bondholder under said Loan Agreement. Maker hereby consents to such assignment and authorizes any subsequent holder hereof to exercise the rights and remedies of the Holder hereunder upon such assignment. - 5 -