1. MIDA Bond Oak Grove Lutheran School

amounts derived from the Loan Agreement or sale or other disposition of the Facility linaneed through the issuance ofthe 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 acharge 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 aceount of the Issuer. This Series 2006A Bond is transferable, but only upon registration books of the Issuer at the office of the County Auditor, as Bond Registrar, by the registered holder hereof in person or by his attorney duly authorized in writing, upon the surrender of this Series 2006A Bond, together with a written instrument of transfer satisfaetory to the Bond Registrar duly executed by the registered owner or his attorney duly authorized in writing and thereupon, Bond or Bonds, in registered form, in the same aggregate principal amount, maturity and interest rate shall be issued to the transferee in exchange therefor. The registration, registration of transfer, and exchange of this Series 2006A Bond is subject to a charge by the Bond Registrar sufticient to cover any governmental tax or fee in connection therewith. No registration, registration of transfer, or exchange shall be made by the Bond Registrar during the period beginning on the tifteenth (15'h) day of the month next preceding an Interest Payment Date and ending on such Interest Payment Date, during the period of ten (10) days preceding the giving of notice of redemption or after this Series 2006A Bond shall be called for redemption in whole or in part. The Series 2006A Bonds are subject to prepayment and redemption as follows: Ontional Redemption. The Series 2006A Bonds shall be subject to redemption and prepayment prior to maturity, in whole but not in part, on January 1,2008, and any Payment Date thereafter, at the option of the Corporation, at the redemption price equal to the After Payment Termination Value set forth on the amortization schedule attached hereto together with accrued interest to the date fixed for redemption. Extraordinary Partial Redemption. The Series 2006A Bonds are also subject to partial redemption in and amount not less than $300,000 one time on any Payment Date on or after July I. 2007, at a redemption price equal to the pro-rata After Payment Termination Value, plus accrued interest to the date fixed for redemption. The outstanding principal of the Series 2006A Bonds will be re-amortized to July 1,2026 and the payments adjusted aecordingly. Special Redemption. The Bonds are also subject to redemption at a redemption price equal to the After Payment Termination Value, plus accrued interest in whole but not in pmt on any date for which proper notice can be given upon certain events of damage to, or condemnation of the Facility or any portion thereof. Upon the occurrence ofa Determination of Taxability (as defined in the Loan Agreement) the Issuer shall redeem all outstanding Bonds with funds derived from a mandatory prepayment of A-3