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<br />LOAN AGREEMENT <br /> <br />between <br /> <br />CASS COUNTY, NORTH DAKOTA <br /> <br />and <br /> <br />SISTERS OF THE PRESENTATION OF THE BLESSED VIRGIN MARY, FARGO <br /> <br />$450,000 <br />COUNTY OF CASS, NORTH DAKOTA <br />MULTIFAMILY HOUSING REVENUE BONDS <br />(SISTERS OF THE PRESENT A TION BVM PRO.JECT) <br />SERIES 2006 <br /> <br />Dated as of October 1, 2006 <br /> <br />Certain ofthe rights ofthe County ofCass, North Dakota, in this Loan Agreement have <br />been assigned and pledged to Wells Fargo Brokerage Services, LLC, pursuant to a Pledge <br />Agreement dated as of October 1, 2006. <br /> <br />This Instrument Drafted By: <br />Arntson & Stewart, P.c. <br />51 BI'oadway, Suite 603 <br />P.O. Box 789 <br />Fargo, North Dakota 58107 <br />