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

(a) Bring action upon the Bonds; (b) Commence judicial proceedings to enforce or foreclose the Mortgage; or to enforce or foreclose any security agreement or other lien or security given to secure payment of the Bonds including its rights under the Loan Agreement and the Assignment; or for the enforcement of any other rights or remedies available under the laws of the State of North Dakota; ( c) Commence judicial proceedings to enforce this Indenture, the Mortgage and the Assignment, with such powers as the court making such appointment shall confer; (d) Pursue any other available remedy to enforce payment of the Bonds, including, without limitation, mandamus. No remedy is intended to be exclusive of any other remedy, but each and every such remedy shall be cumulative and shall be in addition to any other remedy given to the Trustee or Bondholders hereunder or now or hereafter existing by law. SECTION 8.3. ApPLICATION OF MONEYS. All moneys received by the Trustee pursuant to any action taken under this Article VIII shall be applied first to the payment ofthe fees and expenses ofthe Trustee or Bondholders in taking such action and second to payment to the Issuer of any sums due and owing the Issuer under Section 4.03 of the Loan Agreement. The balance of such moneys, less such amounts as the Trustee shall determine may be needed for possible use in paying future fees and expenses and for the preservation and management of the Facilities, shall be deposited by the Trustee in the Bond Fund and be applied as follows: (a) Unless the principal on all Bonds shall have become or been declared due and payable, all such moneys shall be applied: First: To the payment of all installments of interest then due on the Bonds in order of maturity, and, ifthe amount available shall not be sufficient to pay in full any particular installment, then to the ratable payment of the amounts due on such installment; and Second: To the payment of the unpaid principal of any of the Bonds which shall have become due (other than Bonds called for redemption for the payment of which moneys are held pursuant to the provisions of this Indenture), in the order of their due dates, with interest on such Bonds from the respective dates upon which they became due and, if the amount available shall not be sufficient to pay in full Bonds due on any particular date, together with such interest, then to the ratable payment of the amounts due on such date. 8-2