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• <br /> The Bonds of this series are issuable only as fully registered bonds without coupons in <br /> denominations of any integral multiple of$5,000 not exceeding the principal amount m: firing <br /> in any year. As provided in the Indenture and subject to certain limitations therein set for,h,the <br /> Bonds of this series are exchangeable for a like aggregate principal amount of Bonds r this <br /> series of a different authorized denomination, as requested by the registered owner or his duly <br /> authorized attorney upon surrender thereof to the Trustee. <br /> In case an event of default as defined in the Indenture or Loan Agreement occurs,the principal of <br /> this Bond and all other Bonds outstanding may be declared or may become due and payable prior to the <br /> stated maturity hereof in the manner and with the effect and subject to the conditions provided in the <br /> Indenture,but no owner of any Bond shall have any right to enforce the provisions of the Indenture,die Loan <br /> Agreement, or the Mortgage, except as provided in the Indenture. <br /> With the consent of the City and Trustee and to the extent permitted by and as provided <br /> in the Indenture, the terms and provisions of the Indenture, the Loan Agreement, the <br /> Mortgage, or of any instrument supplemental thereto, may be modified or altered by the assent <br /> or authority of a Majority of Holders. <br /> IN WITNESS WHEREOF, the City of Orono, Minnesota has caused this Bond to be <br /> executed in its name by the facsimile signatures of its duly authorized officers, all as of tl_ Date <br /> of Original Issue specified above. <br /> CITY OF ORONO, MINNESOTA <br /> Mayor <br /> City Clerk <br /> * * * * * ** * * * * * * * * * <br /> This is one of the Bonds described in the within mentioned Indenture. <br /> U.S. BANK TRUST NATIONAL ASSOCIATION <br /> By <br /> Authorized Signature <br /> Date: <br /> A-5 <br />