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

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postage prepaid (except as otherwise provided in this Indenture) (with a copy to the other parties) at the following addresses(or such other address as may be provided by any party by notice)and shall be deemed to be effective upon receipt: To the City: -- City of Orono, Minnesota 2750 Kelley Parkway Orono,MN 55356 Attention: To the Trustee: -- U.S. Bank Trust National Association 180 East Fifth Street, 2nd Floor St.Paul, MN 55101 Attention: Corporate Trust Department To the Borrower: -- Orono SeniorHousing,LLC c/o Wedum Foundation 3191 Shorewood Drive Arden Hills, MN 55112 Attention: To the Original Purchaser: -- Miler Johnson Steichen Kinnard, Inc. 5500 Wayzata Boulevard, Suite 1450 Minneapolis, MN 55416 Attention: Public Finance To the Remarketing Agent: -- Miler Johnson Steichen Kinnard,Inc. 5500 Wayzata Boulevard, Suite 1450 Minneapolis, MN 55416 Attention: Public Finance Section 13.09 Consent by a Majority of Holders. With respect to any provision requiring the approval or consent from a Majority of Holders prior to the occurrence of any action or event or the existence of any condition, such consent or approval shall be deemed to have been given if the Trustee shall cause written notice describing the action, event or condition in reasonable detail shall have been given to all Holders of outstanding Bonds and the Trustee shall have not received written objection to such action,event or condition from a Majority of Holders within thirty days following the giving of such notice;provided this provision shall not apply to Articles VII, XI or XII with respect to Events of Default, Supplemental Indentures, or the amendment of certain documents, or any other provision which by its terms states this Section shall not apply. [The balance of this page is intentionally left blank.] - 72 -