1. MIDA Bond Oak Grove Lutheran School

EXHIBIT C FORM OF SERIES 2006C BOND No. R-1 UNITED STATES OF AMERICA STATE OF NORTH DAKOTA COUNTY OF CASS SCHOOL FACILITIES REVENUE BOND (OAK GROVE LUTHERAN SCHOOL PROJECT) SERIES 2006C $1,000,000 Initial Interest Rate Final Maturitv Date of Ori!!inal Issue July 1,2016 July ,2006 REGISTERED HOLDER: WELLS FARGO BROKERAGE SERVICES, LLC PRINCIPAL AMOUNT: ONE MILLION AND NO/100 DOLLARS KNOW ALL PERSONS BY THESE PRESENTS that Cass County, North Dakota (the "Issuer"), for value received, hereby promises to pay to the registered owner specified above or registered assigns, but only from the sources referred to herein, the principal amount specified above, on the maturity date specified above, with interest on the outstanding and unpaid balance of such principal sum from the date hereof at the rate hereinafter described (calculated on the basis of a 365-day year and actual days elapsed). Interest shall be payable on January 1 and July I in each year, commencing January 1,2007 (each, a "Payment Date"), from the Date of Original Issue or (in the case of transfer or exehange) from the most recent Payment Date for which interest has been paid or provided for to the registered owner hereof, all subject to the provisions referred to herein with respect to the redemption of the principal of this Series 2006C Bond before maturity. Principal and interest due hereunder shall be payable at the principal office of Wells Fargo Brokerage Services, LLC, 608 Second Avenue South, Minneapolis, Minnesota (the "Lender"), or at such other place as the Lender may designate in writing. The interest rate borne by this Bond shall be _% per annum through January 1,2007, and shall be adjusted as of January I and July I of each year (each an "Interest Rate Reset Date"), to the rate per annum equal to the six-month Municipal Market Data MIG-l yield plus twenty basis points (0.20%). Pursuant to the terms ofa Remarketing Agreement, dated as of July 1,2006, among the Issuer, the Corporation and Wells Fargo Brokerage Services, LLC (the "Remarketing Agent"), the Remarketing Agent shall, no later than seven days before each Interest Rate Reset Date (the "Determination Dates"), determine the Variable Rate which shall become effective on each Interest Rate Reset Date. If, in the judgment of the Remarketing Agent (having due regard to prevailing market conditions), such Variable Rate deternlined by the index set forth above would not permit c-!