1. MIDA Bond-Bethany on 42nd - Laserfiche WebLink

Upon the execution and delivery of this Indenture the Issuer shall execute and deliver to the Trustee, and the Trustee shall authenticate, the Series 2008 Bonds in the aggregate principal amount of$23,705,000, and the Trustee shall deliver the Series 2008 Bonds to the Underwriter at such time or times as may be directed by the Issuer after filing with the Trustee the following: (a) original executed counterparts of this Indenture and the Loan Agreement; (b) original executed counterparts of the Mortgage and Assignment recorded, or to be recorded, with the County Recorder ofCass County, and of financing statements filed, or to be filed, with the Secretary of State of North Dakota or the County Recorder ofCass County, or at such other offices as Bond Counsel shall have required; (c) a copy, duly certified by the Issuer's Auditor or her deputy, of the resolution adopted and approved by the Board of County Commissioners ofthe Issuer, authorizing the execution and delivery of this Indenture and the Loan Agreement and the issuance of the Bonds; (d) a request and authorization (which may be part of a certificate of the Issuer) to the Trustee on behalf of the Issuer, signed by its Chair of the Board of County Commissioners or County Auditor, to deliver the Bonds to the Underwriter therein identified upon payment to the Trustee for the account of the Issuer of a specified sum plus accrued interest; (e) the opinion of Bond Counsel approving the legality of the Bonds issued pursuant to this Indenture; and if) any other documents or opinions which Bond Counsel may reasonably require for purposes of rendering its opinion required under clause (e) of this Section. SECTION 2.5. PLACE OF PAYMENT. The principal of the Bonds shall be payable upon presentation and surrender of such Bonds as they respectively become due at the principal corporate trust office ofthe Trustee. Interest on the Bonds shall be payable when due to the registered owner as ofthe Record Date (i) by check or draft drawn upon, and mailed by, the Trustee at the address of the Registered Owner shown on the registration books of the Trustee, or (ii) by wire transfer to any bank in the United States which is a member of the Federal Reserve System for a registered owner of$100,000 or more in aggregate principal amount of Bonds who, by written request delivered to the Trustee no later than the Record Date for the Payment, has requested the Trustee to make any payments of interest due to it by wire transfer at a specified wire transfer address (which request needs to be given only once unless the registered owner wishes to change the wire transfer address. Payment as aforesaid shall be made in lawful money of the United States of America. SECTION 2.6. RETENTION AND CANCELLATION OF BONDS. All Bonds which have been redeemed shall be canceled by the Trustee and shall not be reissued. Matured Bonds delivered to 2-3