Authorizing City of South Bend Issue its Economic Revenue Bond (3300 Sample Street Associates) $2,000,000.00

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an Indiana Partnership Project) , in the aggregate principal amount of Two Million Dollars ($2, 000 ,000 . 00) for the purpose of procuring funds to loan to the Company in order to finance the acquisition and rehabilitation of such facilities, as more particularly set out in said Loan Agreement, Mortgage and Security Agreement, which Economic Development Revenue Bond shall be payable as to principal and interest solely from the payments made by the Company on its aforesaid Promissory Note in the principal amount of Two Million Dollars ($2, 000 , 000 . 00) which will be executed and delivered by the Company to evidence said loan, from other sources under said Loan Agreement and Security Agreement, and as otherwise provided in said Trust Indenture. Said Economic Development Revenue Bond shall never constitute a general obligation of, indebtednesses of, or charges against the general credit of the City. Said Economic Development Revenue Bond shall be executed by the manual or facsimile signatures of the Mayor and the Clerk of the City; shall be executed and delivered on or about June 10 , 1985; shall be dated on or about June 10, 1985; shall have a final maturity date on or about June 10 , 2000 with principal reduced monthly, beginning on or about July 10 , 1985; shall bear inter- est at a fixed per annum rate equal to 8 . 875% for the first five years, and thereafter at a variable per annum rate equal to 75% of the Utility Bond Index as reported in The Wall Street Journal adjusted monthly on the 15th day of each month, except in the case of an Event of Taxability as defined in the Loan -4-