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

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--7 APPENDIX A-2 FORM OF TAXABLE SERIES 2001B BONDS UNITED STATES OF AMERICA STATE OF MINNESOTA CITY OF ORONO, MINNESOTA No. R-1 $ Senior Housing Revenue Bonds (Orono Woods Apartment Project) Taxable Series 2001B (Initially Book-Entry) Interest Date of Rate Maturity Original Issue CUSIP November 1, 20 November 1, 2001 Registered Owner: Principal Amount: The City of Orono, Minnesota, a municipal corporation and a political subdivision of the State of Minnesota existing under the laws of the State of Minnesota and its charter(the "City"),for value received, hereby promises to pay from the sources hereinafter described to the registered owner specified above or registered assigns, the Principal Amount set forth above on the Maturity Date specified above, upon the presentation and surrender hereof,and to pay to the registered owner hereof interest on such principal amount from such sources at the interest rate specified above from the date of original issue specified above,or the most recent interest payment date to which interest has been paid or duly provided for as specified below, computed on the basis of a 360-day year of twelve 30-day months,on May 1 and November 1 of each year, commencing May 1,2002,until said principal amount is paid. Principal and the redemption price is payable in lawful money of the United States of America at the office of U.S. Bank Trust National Association,as Trustee under the Indenture hereinafter described or of its successor(the "Trustee"). Interest shall be paid on each May 1 and November 1 interest payment date by check or draft mailed to the person in whose name this Bond is registered at the close of business on the fifteenth day of the preceding month(whether or not a business day) at his address set forth on the registration records maintained by the Trustee. Notwithstanding the foregoing,(i)any interest due on any Bond shall be paid by wire transfer to any Holder of not less than$500,000 aggregate principal amount of such Bonds,upon such Holder providing satisfactory instructions therefor to the Trustee, and(ii)the redemption price or any prepayment of any Bond (but not payment upon final maturity)shall be paid by wire transfer to any Holder of not less than$500,000 aggregate principal amount of such Bonds,upon such Holder providing satisfactory instructions therefor to the Trustee and delivery to the Trustee not less than five(5)Business Days prior to any date on which such a payment is due,the Bond or Bonds with respect to which such payment is to be made. In the event of any default in any interest payment, such defaulted interest will be payable to the person in whose name such Bond is registered at the close of business on a special record date for the payment of such defaulted interest established by notice mailed by or on behalf of the City to the registered owners of the Bonds not less than fifteen(15)days preceding such special record date. A-1