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In addition to the foregoing, if under certain circumstances, an Event of Default as defined <br /> in the Loan Agreement shall occur,the principal of all Bonds and all interest accrued thereon shall, <br /> without prior notice to the Bondholders, be declared due and payable. <br /> Notice of the call for any such redemption,which shall identify the Bonds to be redeemed, <br /> shall be given by the Lender by mailing a copy of the redemption notice by first-class mail not less <br /> than thirty (30) days prior to the redemption date to the registered owner of each Bond to be <br /> redeemed at the address shown on the registration books;provided,however,that failure to give such <br /> notice by mailing, or any defect therein shall not affect the validity of any proceedings for the <br /> redemption of Bonds. <br /> On or prior to the redemption date, funds shall be deposited with the Lender to pay on the <br /> redemption date the Bonds or portions thereof thus called and accrued interest thereon to the <br /> redemption date. Upon the happening of the above conditions, the Bonds or portions thereof thus <br /> called shall not bear interest after the redemption date and shall not be deemed to be outstanding <br /> under the provisions of the Bond Resolution. <br /> This Bond has been issued without registration under state or federal or other securities laws, <br /> pursuant to an exemption for such issuance; and accordingly the Bonds may not be assigned or <br /> transferred in whole or part, nor may a participation interest in the Bonds be given pursuant to any <br /> participation agreement, except in accordance with an applicable exemption from such registration <br /> requirements. <br /> PROVISIONS AS TO REGISTRATION <br /> The ownership of this Bond and the interest accruing thereon is registered on the books of <br /> County of Cass, North Dakota in the name of the holder last listed below. <br /> Date of Name and Address Signature of <br /> Registration Registered Owner County Auditor <br /> Bremer Bank, N.A.,Fargo, ND <br /> * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * <br /> FORM OF ASSIGNMENT <br /> FOR VALUE RECEIVED the undersigned hereby sells, assigns, and transfers unto <br /> A-4 <br />