2. MIDA Bond/NDSU - Laserfiche WebLink

Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth at this place. IN WITNESS WHEREOF, the County ofCass, North Dakota, has caused this Bond to be signed in its name by the manual signatures of its Chair of the Board of County Commissioners and its County Auditor. COUNTY OF CASS, NORTH DAKOTA (signature) Chair, Board of County Commissioners ATTEST: (signature) County Auditor (form of reverse of Bond) The Corporation has agreed under the Loan Agreement to repay the Loan, together with interest thereon, in amounts and at times sufficient to pay the principal of and interest on the Bonds as the same shall become due and payable (the "Basic Payments"). Pursuant to the Pledge Agreement, the Issuer has assigned and pledged to the Lender, the Basic Payments due under said Loan Agreement and all other assets and revenues held pursuant to the Resolution and Loan Agreement from time to time. Payments under the Loan Agreement are secured by a Security Agreement dated as of December 1,2005 (the "Security Agreement") from the Corporation to Wells Fargo Brokerage Services, LLC (the "Lender") and an Assignment of Leases and Rents dated as of December 1, 2005 (the "Assignment"), from the Corporation to the Lender. Reference is hereby made to the Loan Agreement, the Security Agreement, the Assignment and the Pledge Agreement for a description of the properties; and rights encumbered and assigned, the provisions, among others, with respect to the nature and extent of the security, the rights of the Lender, and the rights, duties and obligations of the Corporation and the terms upon which the Bonds are issued and secured. This Bond and the issue of Bonds of which it forms a part are issued pursuant to and in full compliance with the Constitution and laws of the State of North Dakota particularly North Dakota Century Code, Chapter 40-57, and pursuant to a resolution adopted and approved by the County Commission on December 5, 2005. This Bond and the issue of which it forms a part are limited obligations of the Issuer and are payable solely out of the revenues and other amounts derived from the Loan Agreement or sale or other disposition ofthe Facility financed through the issuance of the Bonds. The Bonds do not now and shall never constitute an indebtedness of the Issuer within the meaning of any State constitutional provision or statutory limitation and shall not constitute nor give rise to a pecuniary liability of the Issuer nor a charge against the general credit or taxing powers of the Issuer. Basic Payments sufficient for the prompt payment when due of the interest on and principal of said Bonds are to be paid directly to the Lender by the Corporation for the account of the Issuer. A-2