11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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ARTICLE VIII Concerning the Trustee Section 8.01 Acceptance of Trust and Prudent Performance Thereof. The Trustee, prior to the occurrence of an Event of Default and after the curing of all such Events of Default as may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture. The Trustee shall during the existence of any such Event of Default(which has not been cured)exercise such of the rights and powers vested in it by this Indenture,and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. The Trustee shall not be required to take notice or be deemed to have notice of any Default or Event of Default hereunder except Default in the deposits or payments specified,or failure by the Borrower to file with it any of the documents required, unless the Trustee shall be specifically notified in writing of such Default or Event of Default by the Borrower or by the Holders of at least twenty-five percent (25%) in aggregate principal amount of Bonds outstanding hereunder, and all notices or other instruments required by this Indenture to be delivered to the Trustee must, in order to be effective, be delivered at the office of the Trustee, and in the absence of such notice so delivered,the Trustee may conclusively assume that there is no Default or Event of Default except as aforesaid. No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that (a) prior to such an Event of Default hereunder,and after the curing of all such Events of Default which may have occurred: (1) the duties and obligations of the Trustee shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture,and no implied covenants or obligations shall be read into this Indenture against the Trustee;and (2) in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and to the correctness of the opinions expressed therein, upon any certificate or opinion furnished to the Trustee conforming to the requirements of this Indenture; but in the case of any such certificate or opinion which by any provision is specifically required to be furnished to the Trustee,the Trustee shall be under a duty to examine the same to determine whether or not it conforms to the requirements of this Indenture; and (b) at all times, regardless of whether or not any such Event of Default shall exist: (1) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer or Officers of the Trustee unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts, and - 54 -