1. MIDA Bond-Oak Grove School - Laserfiche WebLink

In addition to the foregoing, if under certain circumstances, an Event of Default as defined in the Loan Agreement shall occur, the principal of all Bonds and all interest accrued thereon shall, without prior notice to the Bondholders, be declared due and payable. Notice ofthe call for any such redemption, which shall identify the Bonds to be redeemed, shall be given by the Lender by mailing a copy of the redemption notice by first-class mail not less than thirty (30) days prior to the redemption date to the registered owner of each Bond to be redeemed at the address shown on the registration books; provided, however, that failure to give such notice by mailing, or any defect therein shall not affect the validity of any proceedings for the redemption of Bonds. On or prior to the redemption date, funds shall be deposited with the Lender to pay on the redemption date the Bonds or portions thereof thus called and accrued interest thereon to the redemption date. Upon the happening of the above conditions, the Bonds or portions thereof thus called shall not bear interest after the redemption date and shall not be deemed to be outstanding under the provisions of the Bond Resolution. This Bond has been issued without registration under state or federal or other securities laws, pursuant to an exemption for such issuance; and accordingly the Bonds may not be assigned or transferred in whole or part, nor may a participation interest in the Bonds be given pursuant to any participation agreement, except in accordance with an applicable exemption from such registration requirements. PROVISIONS AS TO REGISTRATION The ownership of this Bond and the interest accruing thereon is registered on the books of County ofCass, North Dakota in the name of the holder last listed below. Date of Registration Name and Address Registered Owner Signature of County Auditor * ** * * * * * * * * * * * * ** * * ** ** * * ** ** * ** ** * * * * * * * ** * ** * ** ** ** FORM OF ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sells, assigns, and transfers unto _ A-4