R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS

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1 ] � � � subject to redemption, without premium, by Issuer prior to maturity after the owner has notified Company that it declares the entire outstanding principal balance of the Bonds together with all interest accrued thereon and premium, if any, to be immediately due and payable. Reference is hereby made to Section 5.6 of the Agreement for a description of the circumstances under which such Net Proceeds of insurance may be paid into the Bond Fund for full or partial redemption of the Bonds and to Section 9.1 and Article V of the Agreement for a description of the circumstances under which Company may prepay or be required to prepay the amounts payable under the Agreement. (7) The Bonds are issued pursuant to and in full compliance with The Industrial Project Revenue Bond Act, 65 ILCS 5/11-74-1 et seq., as supplemented and amended, including by the Illinois Bond Replacement Act, the Registered Bond Act, the Bond Authorization Act and Section 6 (Powers of Home Rule Units) of Article VII (Local Government) of the Constitution of the State of Illinois, and by appropriate action duly taken by the City Council of the Issuer which authorizes the execution and delivery of the Agreement. Payments sufficient for the prompt payment, when due, of the principal of and premium, if any, and interest on the Bonds are to be paid to Central Illinois Bank, Decatur, Illinois for the account of Issuer and deposited in a special account created by Issuer and designated "The City of Decatur Economic Development Revenue Bonds Bond Fund (Easter Seals Central Illinois, Inc. Project)" and such payments have been duly pledged and assigned for that purpose, and in addition, the rights of Issuer (other than certain indemnification rights and the payment of certain expenses of Issuer related to the Project) under the Agreement have been assigned to the Original Purchaser to secure payment of such principal and premium, if any, and interest under the Agreement. The Bonds are issued in part pursuant to the Local Government Debt Reform Act. (8) THIS BOND DOES NOT CONSTITUTE AN INDEBTEDNESS OF THE ISSUER NOR A LOAN OF THE CREDIT OF THE ISSUER OR THE STATE OF ILLINOIS WITHIN THE MEANING OF ANY CONSTITUTIONAL OR STATUTORY LIMITATION. NEITHER THE FAITH AND CREDIT OF THE ISSUER NOR THE TAXING POWER OF THE STATE OF ILLINOIS, OR ANY POLITICAL SUBDIVISION THEREOF, IS PLEDGED TO THE PAYMENT OF THE PRINCIPAL OF, PREMILTM, IF ANY, OR INTEREST ON THE BONDS. (9) The owner of this Bond shall have no right to enforce the Agreement or to institute action to enforce the covenants therein, or to take any action with respect to any Event of Default under the Agreement, or to institute, appear in or defend any suit or other proceedings with respect thereto, unless an Event of Default, as defined in the Agreement shall have occurred. In certain events, on the conditions, in the manner and with the effect set forth in the Agreement, the principal of the Bonds and then outstanding may become or may be declared due and payable before the stated maturity thereof, together with interest accrued thereon. (10) The Agreement permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of Issuer and the rights of the owner of the Bonds at any time by Issuer with the consent of the owner the 24