08-25 Authorizing the City to Issue One or More Series of its Taxable Economic Development Tax Increment Revenue Bonds and Approving and Authorizing Other Actions in Respec Thereto in Connection With the J. C. Hart Development Project

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The holder of this Bond shall have no right to enforce the provisions of the Indenture or to institute action to enforce the covenants therein, or to take any action with respect to any event of default under the Indenture, or to institute,appear in or defend any suit or other proceedings with respect thereto,except as provided in the Indenture. In certain events,on the conditions,in the manner and with the effect set forth in the Indenture,the principal of all of the Bonds issued under the Indenture and then outstanding may become or may be declared due and payable before the stated maturity thereof,together with interest accrued thereon. Modifications or alterations of the Indenture,or of any supplements thereto,may be made to the extent and in the circumstances permitted by the Indenture. The Issuer's or the Redevelopment Commission's obligation to pay TIF Revenues shall not be subject to acceleration. It is hereby certified that all conditions,acts and things required to exist,happen and be performed under the laws of the State of Indiana and under the Indenture precedent to and in the issuance of this Bond exist,have happened and have been performed,and that the issuance,authentication and delivery of this Bond have been duly authorized by the Issuer. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Indenture until the certificate of authentication hereon shall have been duly executed by the Trustee. IN WITNESS WHEREOF,the City of South Bend,Indiana,has caused this Bond to be executed in its name and on its behalf by the manual or facsimile signature of the Mayor and its corporate seal to be hereunto affixed manually or by facsimile and attested to by the manual or facsimile signature of its Clerk. CITY OF SOUTH BEND,INDIANA By: Mayor (Seal) Attest: Clerk (FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION) This Bond is one of the Bonds described in the within mentioned Trust Indenture. ,as trustee By Authorized Officer ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells,assigns and transfers unto (Please Print or Typewrite Name and Address) the within Bond and all rights,title and interest thereon,and hereby irrevocably constitutes and appoints attorney to transfer the within Bond on the books kept for registration thereof,with full power of substitution in the premises. Dated: SIGNATURE GUARANTEED: 14