2026-35 An Ordinance Authorizing the Issuance and Sale of Revenue Bonds (Millikin University), Series 2026A of the City of Decatur, Macon County, Illinois, in an Aggregate Principal Amount not to Exceed $18,000,000; Authorizing the Execution

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specific performance of any covenant or agreement contained in the Series 2026A Note or in this Loan Agreement, or in aid of the execution of any power herein granted, or for the enforcement of any other appropriate legal or equitable remedy, as the City shall deem most effectual to protect and enforce any of its rights or duties hereunder. The City expressly acknowledges that all right, title and interest of the City in and to this Loan Agreement(excluding Unassigned Rights)have been assigned to the Trustee, as security for the Series 2026A Bonds under and as provided in the Indenture, and that the Trustee shall be entitled to act hereunder in the place and stead of the City (including, without limitation, if any Event of Default shall occur), subject to the limitations and its protections in the Indenture as to the enforcement of remedies. Section 4.03. Application of Proceeds of Remedies. The proceeds or avails resulting from the exercise of any such remedies, together with any other sums which then may be held by the City under this Loan Agreement, whether under the provisions of this Article or otherwise, shall be applied as follows: FIRST,to the payment of amounts,if any,then legally required and payable pursuant to the Tax Agreement; SECOND, to the payment of the reasonable costs and expenses of the exercise of such remedies, including reasonable compensation to the City, the Trustee and the Initial Purchasers, and their respective agents, attorneys and counsel, and the expenses of any related judicial proceedings, and of all expenses, liabilities and advances made or incurred by the City, the Trustee and the Initial Purchasers as permitted by this Loan Agreement, together with interest at the Trustee's Prime Rate on all advances made by the City, the Trustee and the Initial Purchasers, and their respective agents, attorneys and counsel, and to the payment of all taxes, assessments or liens prior to the liens or other charges, subject to which any Property may have been sold; THIRD, to the payment of the whole amount then due, owing and unpaid upon the Series 2026A Note for principal and interest, and all amounts due and owing under the Indenture;; FOURTH, to the payment of any other sums required to be paid by the Borrower pursuant to any provisions of this Loan Agreement or of the Series 2026A Note; and FIFTH, to the payment of the surplus, if any, to the Borrower, its successors or assigns, upon the written request of the Borrower or to whomsoever may be lawfully entitled to receive the same upon its written request, or as any court or competent jurisdiction may direct. Section 4.04. Restoration to Original Position. In case the City shall have proceeded to enforce any right under this Loan Agreement, and such proceedings shall have been discontinued or abandoned for any reason,or shall have been determined adversely,then and in every such case the City, the Borrower and the Trustee shall be restored to their former positions and rights -26-