2005-79 AUTHORIZING THE ISSUANCE OF BONDS AND AGREEMENTS

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COMPLIANCE AGREEMENT THIS COMPLIANCE AGREEMENT (the "Compliance Agreement") dated as of September 1, 2005, is made and entered into by and among MORTGAGE CLEARING CORPORATION, an Oklahoma corporation duly authorized to do business in the State of Illinois(the "Compliance Agent"),the ILLINOIS FINANCE AUTHORITY, a political subdivision body politic and corporate duly organized and existing under the Illinois Finance Authority Act, 20 ILCS 3501/801 et seq, as supplemented and amended (the "Act") and the CITY OF DECATUR, MACON COUNTY, ILLINOIS (together, the `7ssuer") and [TRUSTEE NAME], [a nationa.l banldng association duly organized and existing under the laws of the United States of America and duly authorized to do business in Illinois,] as Trustee(the "Trustee"). WITNESSETH: WHEREAS, the Issuer is authorized pursuant to the Act, to issue its revenue bonds to assist qualifie�i persons or families in acquiring homes within the State of Illinois (the "State") by providing a source of mortgage financing, including down payment assistance (the "Program") and to enter into any agreements made in connection therewith; and WHEREAS, to provide for the Program and pursuant to the Indenture of Trust dated as of '� September 1, 2005 (as supplemented, the "Indenture") between the Issuer and the Trustee, the Issuer has authorized to be issued its First Home: Illinois Fixed Rate Single Family Mortgage Revenue Bonds, Series 2005 (the "Series 2005 Bonds"), in multiple Subseries (which Series 2005 Bonds are sometimes referred to as the "Bonds'�, which fiznds will be used to finance the acquisition of mortgage backed securities (the "GNMA Certificates") guarantee� by the Government National Mortgage Association ("GNMA") evidencing monthly principal and interest on certain qualified mortgage loans under the Program (the "Mortgage Loans"), all under and in accordance with the Constitution and laws of the State; and WHEREAS, the Issuer, certain mortgage lending institutions named therein (the `Zenders") and Mortgage Clearing Corporation(the"Servicer") have entered into an Origination and Servicing Agreement dated as of September l, 2005 (as supplemented by the Supplement to Origination Agreement and Indenture dated as of September 1, 2005, the "Agreement") under which the Lenders are responsible for obtaining certain affidavits and certificates required under the Agreement; and WHEREAS, reasonable investigations will be made under the Agreement by the Compliance Agent to deterxnine that the Mortgage Loans satisfy the various requirements of the Agrcement; and WHEREAS, the Compliance Agent has agrced to review and examine certain preclosing documents submitted by a Lender in connection with Mortgage Loans and to make certain determinations with respect to compliance of such documents with the requirements of the Program made known to the Compliance Agent pursuant hereto; NOW, THEREFORE, in consideration of the premises and of the mutual covenants contained herein,the Issuer,the Compliance Agent and the Trustee agree, as follows: Section 1. Definitions. All capitalized words, terms or phrases not otherwise defined herein shall have the same meaning specified in the Indenture or the Agreement, unless the context clearly indicates otherwise. 1881696 2118552/RGT