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CITY OF SOUTH BEND, INDIANA <!� 9 ,r. n-7-
<br />TT.TT1T7STRIAL 71EVL`T fnMP4VTTm or,�r IT T r r `
<br />J„� LII 1RJE V E147LE ��OND
<br />(FBT Bancorp, Inc. Project) Irene Gammon
<br />CITY CLERK, SOUTH BEND, IND.
<br />KNOW ALL PEEN BY THESE PRESENTS, that the City of South
<br />Bend', in the State of Indiana, subject to the terms hereof, promises to pay
<br />to Continental Illinois National Bank and Trust Company of Chicago, Chicago,
<br />Illinois, the sum of Eight Hundred Forty -seven Thousand Dollars ($847,000.00)
<br />together with interest thereon at the rate of five and three- fourths per cent
<br />(5-3/4 %) per annum in installments as follows:
<br />Date of
<br />Payment
<br />Amount to be
<br />Paid on
<br />Principal
<br />Amount to be
<br />Paid on
<br />Interest
<br />Total Payment
<br />April 1,
<br />1978
<br />$24,351.25
<br />$24,351.25
<br />October
<br />1, 1978
<br />$48,000.00
<br />24,351.25
<br />72,351.25
<br />April 1,
<br />1979
<br />22,971.25
<br />22,971.25
<br />October
<br />April 1,
<br />1, 1979
<br />1980
<br />51,000.00.
<br />22,971.25
<br />73,971.25
<br />October
<br />1, 1980
<br />54,000.00
<br />21,505.00
<br />21,505,00
<br />21,505-00
<br />75,505.00
<br />April 1,
<br />1981
<br />19,952.50
<br />19,952.50
<br />October
<br />1, 1981
<br />57,000.00
<br />19,952.50
<br />76,952.50 -
<br />April 1,
<br />1982
<br />18,313.75
<br />18,313,75
<br />October
<br />1, 1982
<br />60,000.00
<br />18,313.75
<br />78,313.75_
<br />April 1,1983
<br />16,588-75
<br />16,588-75
<br />October
<br />1, 1983
<br />641000.00
<br />16,588.75
<br />80,588.75'
<br />April 1,
<br />1984
<br />14,748.75
<br />14,748-75
<br />October
<br />1, 1984
<br />683000.00
<br />14,748.75
<br />82,748.75
<br />April 1,
<br />1985
<br />12,793.75
<br />12,793.75
<br />October
<br />1, 1985
<br />711)000.00
<br />12,793.75
<br />83,793.75
<br />April 1,
<br />October
<br />1986
<br />1, 1986
<br />75,000.00
<br />10,752.50
<br />10,752.50
<br />10,752.50
<br />85,752.50
<br />April 1,
<br />1987
<br />8,596.25
<br />8,596,25
<br />October
<br />1. 1987
<br />803000.00
<br />8,596.25
<br />88,596,25
<br />April 1,
<br />1988
<br />6,296.25
<br />61296.25
<br />October
<br />1, 1988
<br />84,000.00
<br />6,296.25
<br />90,296.25
<br />April 1,
<br />1989
<br />3,881.25
<br />3,881.25
<br />October 1, 1989
<br />89,000.00
<br />3,881.25
<br />92,881.25
<br />April 1,
<br />1990
<br />46,000.00
<br />1,322.50
<br />47,322.50
<br />All principal and interest on this Bond shall be payable at the office of First
<br />Sank and Trust Company of South Bend, South Bend, Indiana, Trustee pursuant to
<br />the Lease and Trust Indenture dated 1977, as executed by the
<br />City of South Bend, Indiana, as "Lessor ", South Bend Economic Development Commis -
<br />,ion, as "Commission ", FBT Bancorp, Inc., an Indiana corporation, as "Lessee ",
<br />and First Bank and Trust Company of South Bend, South Bend, Indiana, as "Trustee ",
<br />;pertaining to certain facilities, the terms of which Lease and Trust Indenture
<br />provide for the issuance of this Bond in accordance with procedures established by
<br />Public Law No. 182 of the Acts of the General Assembly of Indiana for 1973, as
<br />such may amended from time to time, including but not limited to IC 18- 6- -4.5 -2
<br />s'' g 5 -28 (hereinafter rem rred to as "Act"), and are incorporated
<br />�rou h IC 1 -6 -4. �e ,! „
<br />�nrein by reference. This Bond is issued pursuant to such Lease and Trust
<br />indenture, subject to all of the terms therein set forth, together with the
<br />provisions of the Act, the execution of which Bond has been authorized pursuant
<br />to ordinance of the Common Council of South Bend, Indiana, as provided in the Act.
<br />The Trustee is authorized to make payment to the person or
<br />persons sho-mn to be the holder of this bond on its records. No transfer of this
<br />,ond shall be effective until a new bond has been issued by the City of South
<br />T�end and the Trustee has been advised by it in writing as to the date of such
<br />-?ssuance and the name and address of the person or entity to whom this bond is
<br />ra ?1Sfct'i °d. This bond shall not COY1Svitu'v8 a2'P_erGl obliga-;,ior, bond of the
<br />;ity of South Bend, and all obligations or payr,.let is required hereby are limited
<br />solely to the amounts received by the Trustee from the rental revenue and receipts
<br />Jeraved from the lease, sale or disposition of the prerrlises referred to in such
<br />(ease and Trust Indenture. No Member, Director, or Officer, as such, past,
<br />
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