$4,000,000.00 Revenue Bonds Making a Loan to Health Quest Realty V

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NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana, as follows: Section 1. Section 2 of the Bond Ordinance is hereby amended to read as follows: "(a) In order to pay a portion of the costs of acquiring and constructing the Project, there are hereby authorized to be issued, sold and delivered the Bonds in an aggregate principal amount not exceeding $4;500,000.00. The Bonds will be sold at a price to yield not in excess of fourteen and one -half percent (142%) per annum, plus accrued interest, and shall mature on February 12, 2012. The Bonds shall be sold to such purchasers (the "Purchasers ") as may be satisfactory to the City, as recommended by Blyth Eastman Paine Webber Health Care Funding, Inc., and Herbert J. Sims & Co., Inc., as placement agents for the City (the "Placement Agents "). The Bonds shall have interest rate or rates and be in such aggregate principal amount as shall be approved by the Mayor, such approval to be evidenced by his execution of an agreement or agreements with the Purchasers for sale of the Bonds. (b) The Bonds will be dated and bear interest from June 1, 1982, or the first day of the month in which an agree- ment or agreements with the Purchasers providing for the sale of the Bonds shall be executed by the Mayor on behalf of the City, whichever date is the later. The Bonds shall be issued in coupon form in the denomination of $5,000 each, registrable as the principal at the principal corporate trust office of the Trustee; or, at the option of the Purchasers, as fully - registered Bonds in the denomination of $5,000, or any whole multiple thereof; or any combination of the foregoing. Interest on the Bonds shall be payable on February 1, and August 1, each year, commencing February 1, 1983. The principal of the in- terest on coupon Bonds, including Bonds registered as to prin- cipal only, shall be payable at the principal corporate trust office of the Trustee, or at the option of the holder, at the principal corporate trust office of Marine Midland Bank, New York, New York. The principal of fully- registered Bonds should be payable at the principal corporate trust office of the Trustee, and interest on fully- registered Bonds will be payable by check or draft mailed to the registered owner. (c) The Bonds shall be executed by the manual or facsimile signature of the Mayor, and the corporate seal of the City shall be affixed, imprinted, lithographed or reproduced thereon, and shall be attested by the manual or facsimile sig- nature of the Clerk or Assistant Clerk of the City. Interest coupons attached to coupon Bonds shall be executed with the facsimile signature of the Mayor. Upon execution of the Bonds as aforesaid, and upon authentication of the Bonds by the Trustee in the manner provided in the Indenture, the Mayor is hereby authorized and directed to execute and deliver to the Trustee a letter of instructions authorizing the Trustee to deliver the Bonds to the Purchasers against receipt of the purchase price or unpaid balance thereof, on such date as may be agreed upon by the Mayor on behalf of the City, and the Purchasers. (d) The Bonds shall be subject to redemption prior to maturity as provided in the form of Bond set forth in the Indenture, and Article VIII of the Indenture. -2-