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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hereunder,and all rights,remedies and powers of the City shall continue as if no such proceedings had been taken. To the extent that the City waives or rescinds any event of default hereunder,with the prior consent of the Majority Holders„ or in case any proceeding taken by the City on account of any such default shall have been discontinued or abandoned or determined adversely, then and in every such case the City,the Trustee and the Borrower shall be restored to their former positions and rights hereunder,respectively,but no such waiver or rescission shall extend to any subsequent or other default, or impair any right consequent thereon. Section 4.05. Remedies Cumulative. No remedy herein conferred upon or reserved to the City or the Trustee is intended to be exclusive of any other available remedy or remedies,but each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder and the Indenture now or hereafter existing at law, in equity or by statute. In order to entitle the City or the Trustee to exercise any remedy, to the extent permitted by law, reserved to it contained in this Loan Agreement, it shall not be necessary to give any notice, other than such notice as may be herein expressly required. Such rights and remedies as are given to the City hereunder shall also extend to the Trustee, and the Trustee may exercise any rights of the City under this Loan Agreement (except the Unassigned Rights), and the Trustee and the Holders of the Bonds shall be deemed third-party beneficiaries of all covenants and conditions herein contained. No delay in exercising or omitting to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver of any such default or an acquiescence therein, and every such right and power may be exercised from time to time and as often as may be deemed expedient. Section 4.06. Delay or Omission Not a Waiver. No delay or omission to exercise any right or power accruing upon any Event of Default under this Loan Agreement shall impair any such right or power, or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. Section 4.07. Waiver of Extension, Appraisement, Stay Laws. To the extent permitted by law, the Borrower will not during the continuance of any Event of Default hereunder insist upon, or plead,or in any manner whatever claim or take any benefit or advantage of,any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants and terms of performance of this Loan Agreement; nor claim, take or insist upon any benefit or advantage of any law now or hereafter in force providing for the valuation or appraisement of any of the Borrower's Property, prior to any sale or sales thereof which may be made pursuant to any provision herein contained,or pursuant to the decree,judgment or order of any court of competent jurisdiction;nor after any such sale or sales,claim or exercise any right under any statute heretofore or hereafter enacted by the United States of America or by any state or territory, or otherwise, to redeem the property so sold or any part thereof, and the Borrower hereby expressly waives all benefits or advantages of any such law or laws and covenants not to hinder, delay or impede the execution of any power herein granted or delegated to the City, but to suffer and permit the execution of every power as though no such law or laws had been made or enacted. -27-