Approving Economic Development Bonds - South Bend Forge Inc

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Unless a written waiver of such notice is received by the Trustee, notice of the call for redemption of this Bond, or portions thereof, identifying the amount to be redeemed, the redemption price to be paid, the date fixed for redemption and the place where the amounts due upon such redemption are payable, shall be given by the Trustee on behalf of the Issuer by mailing a copy of the redemption notice by certified mail at least five (5) days prior to the date fixed for redemption to the registered holders of the Series 1980 Bonds. Except as provided in the Indenture, the holders or registered owners of the Bonds are not entitled to enforce the provisions of the Indenture or to institute, appear in or defend any suit, action or proceeding to enforce any provisions of the Indenture or to take any action with respect to any event of default under the Indenture. The Indenture permits certain amendments, changes or modifications of the Agreement, the Indenture and the Mortgage not prejudicial to the holders of the Bonds, to be made with the consent of the Trustee, but without the consent of or notice to the holders of the Bonds and other amendments, changes or modifications thereof (with certain exceptions as provided in the Indenture) to be made with the consent of the holders as provided for in the Indenture. If an event of default, as defined in the than an event of default as defined in Section the principal of Bonds then outstanding may be the manner and with the effect provided by the waiver of such event of default or rescission provided in the Indenture. Indenture, shall occur (other 6.01(c) of the Indenture), declared due and payable in Indenture, but subject to if such declaration as This Bond shall not constitute the personal obligation, either jointly or severally, of the members of the Common Council, or the officers, of the Issuer. This Bond shall not be entitled to any security or benefit under the Indenture or become valid or obligatory for any purpose until the certificate of authentication hereon shall have been signed by the Trustee. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things necessary to be done or performed by the Issuer or to have happened precedent to and in the issuing of the Series 1980 Bonds in order to make them legal, valid and binding special obligations of the Issuer in accordance with their terms, and precedent to and in the execution and delivery of the Indenture and Agreement have been done and performed and have happened in regular and due form as required by law; that payment in full for the Series 1980 Bonds has been received; and that the Series 1980 Bonds do not exceed or violate any constitutional or statutory limitation. IN WITNESS WHEREOF, the City of South Bend, in the County of St. Joseph and the State of Indiana has caused this Bond to be executed in the name of the Issuer by the manual signature of its Mayor and of the corporate seal of the Issuer to be affixed hereto or impressed hereon and attested by the manual signature of the Clerk of the said City, all as of the lst day of May, 1980. Attest: Clerk [Seal] CITY OF SOUTH BEND, INDIANA Bv: Mayor