11-14-01 2. LOAN AGREEMENT - Laserfiche WebLink

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ARTICLE VIII MISCELLANEOUS Section 8.01 Amounts Remaining in Funds. It is agreed by the parties hereto that any amounts remaining in any fund or account held by the Trustee under the Indenture after payment of all Bonds (or provision for payment thereof having been made in accordance with the provisions of the Indenture)and any additional amounts payable to the City or the Trustee and fees, charges and expenses of any paying agents and all other amounts required to be paid under the Indenture, shall belong to and be paid to the Borrower by the Trustee as overpayment of the Loan Repayments. Section 8.02 Notices. All notices,certificates,requests or other communications hereunder shall be sufficiently given and shall be deemed given when delivered personally or mailed by first class mail or mailed by registered mail,return receipt requested,postage prepaid,addressed as follows: To the City: City of Orono 2750 Kelley Parkway Orono,MN 5555356 Attention: City Finance Director 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 Senior Housing,LLC c/o Wedum Foundation 3191 Shorewood Drive Arden Hills, MN 55112 Attention: President To the Original Purchaser: Miller Johnson Steichen Kinnard,Inc. 5500 Wayzata Blvd., Suite 1450 Minneapolis,MN 55416 Attention: Public Finance A duplicate copy of each notice,certificate,request or other communication given hereunder to the City, the Borrower, the Trustee or the Original Purchaser shall also be given to the others. The Borrower,the City,the Trustee and the Original Purchaser may,by notice given hereunder, designate any further or different addresses to which subsequent notices, certificates, requests or other communications shall be sent. Any notice,report or other information required hereunder to be given or delivered to the Trustee or Original Purchasers shall also be given or delivered concurrently to all other Holders. Section 8.03 Reference to Bonds Ineffective after Bonds Paid. Upon payment in full of the Bonds (or provision for payment thereof having been made in accordance with the provisions of the Indenture)and all fees and charges of the Trustee and any paying agents of the Bonds,all references in this -55-