1. MIDA Bond Oak Grove Lutheran School

3.3. ENFORCEMENT AND PERFORMANCE OF COVENANTS. The Issuer agrees to enforce all covenants and obligations of the Corporation under the Loan Agreement upon request of the Lender and being indemnified to the satisfaetion of the Issuer for all expenses and claims arising therefrom, and to perform all covenants and other provisions pertaining to the Issuer contained herein and in the Bonds, the Loan Agreement and the Pledge Agreement, subjeet to Section 3.4. 3.4. NATURE OF SECURITV. Notwithstanding anything contained in the Bonds, the Loan Agreement or the Pledge Agreement to the contrary, under the provisions of the Act the Bonds may not be payable from or be a charge upon any funds of the Issuer other than the Bond Account or the Proceeds Account and the revenues and proeeeds pledged to the payment thereof, nor shall the Issuer be subject to any liability thereon, nor shall the Bonds otherwise constitute or give rise to a pecuniary liability of the Issuer or, to the extent permitted by law, any of the Issuer's officers, employees and agents. No holder of the Bonds shall ever have the right to compel any exercise of the taxing power of the Issuer to pay the Bonds or the interest thereon, or to enforce payment thereof against any property of the Issuer other than the revenues pledged under the Pledge Agreement; and the Bonds shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the Issuer, other than sums held in the Bond Account and the Proceeds Account; and the Bonds shall not constitute a debt of the Issuer within the meaning of any constitutional or statutory limitation of indebtedness; but nothing in the Act impairs the rights of the Lender to enforce the covenants made for the security thereof as provided in this Bond Resolution, the Loan Agreement and the Pledge Agreement, and in the Act, and the Issuer has made the covenants and agreements herein for the benefit of the Lender; provided that in any event, the agreement of the Issuer to perform or enforce the covenants and other provisions contained herein and in the Bonds, the Loan Agreement and the Pledge Agreement shall be subject at all times to the availability of revenue under the Loan Agreement or held in the Bond Account and the Proceeds Account sufficient to pay all costs of such perfoffilanee or the enforcement; thereof, and the Issuer shall not be subject to any personal or pecuniary liability thereon. ARTICLE FOUR MISCELLANEOUS 4.1. SEVERABILITY. Ifany provision of this Bond Resolution shall be held or deemed to be or shall, in fact, be inoperative or unenforceable as applied in any particular case in any jurisdiction or jurisdictions or in all jurisdictions or in all cases because it conflicts with any provisions of any constitution or statute or rule or public policy, or for any other reason, such circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance or of rendering any other provision or provisions herein contained invalid, inoperative, or unenforceable to any extent whatever. The invalidity of any one or more phrases, sentences, clauses or paragraphs in this Bond Resolution contained shall not affect the remaining pOliions of this Bond Resolution or any part thereof. 4.2. AUTHENTICATION OFTRANSCRIPT. The officers ofthe Issuer are directed to furnish to Bond Counsel certified copies of this Bond Resolution and all documents referred to herein, and affidavits or certificates as to all other matters which are reasonably necessary to evidence the validity of the Bonds. All such certified copies, certificates and affidavits, including any heretofore -6-