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

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payment of any tax, fee or other governmental charge required to be paid with respec! such transfer, one or more fully registered Bonds of this series of the same principal an, and interest rate will be issued to the designated transferee or transferees. The Bonds of this series are issuable only as fully registered bonds without cc is in denominations of any integral multiple of$5,000 not exceeding the principal amount ring in any year. As provided in the Indenture and subject to certain limitations therein set the Bonds of this series are exchangeable for a like aggregate principal amount of Bon.. this series of a different authorized denomination, as requested by the registered owner o, duly authorized attorney upon surrender thereof to the Trustee. In case an event of default as defined in the Indenture or Loan Agreement occurs,the p; ,al of this Bond and all other Bonds outstanding may be declared or may become due and payable i o the stated maturity hereof in the manner and with the effect and subject to the conditions provin n the Indenture,but no owner of any Bond shall have any right to enforce the provisions of the Indenture. i_oan Agreement,or the Mortgage, except as provided in the Indenture. With the consent of the City and Trustee and to the extent permitted by and as •ided in the Indenture, the terms and provisions of the Indenture, the Loan Agreement. 1,` the Mortgage, or of any instrument supplemental thereto, may be modified or altered by tsent or authority of a Majority of Holders. IN WITNESS WHEREOF, the City of Orono, Minnesota has caused this B, to be executed in its name by the facsimile signatures of its duly authorized officers, all as o,' Date of Original Issue specified above. CITY OF ORONO, MINNESOTA Mayor City Clerk -r. * =r• * * ** * * * * * * * * * This is one of the Bonds described in the within mentioned Indenture. U.S. BANK TRUST NATIONAL ASSO, [ION By Authorized Signature A-5