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

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, , "Supplemental Mortgage" means any amendment or supplement to the Mortgage � entered into pursuant Section 3.10 of the Loan Agreement. '' "Taxable Interest Rate" means a rate of interest per annum equal to the Base Rate I from time to time in effect, plus one percent (1%) per annum. I' "Tax Rate" means the maximum marginal Federal income tax rate at which a financial institution could be taxed for Federal income tax purposes pursuant to applicable provisions of the Code, or any future United States internal revenue or similar law applicable to a financial institution. "TEFRA Disallowance Deduction" means the percentage of disallowance of deduction with respect to the interest incurred to purchase or carry the Bonds as set forth in Sections 265(a)(3) and 291(a)(3) of the Code. Section 2. Authorization Of The Project. That in order to promote the general welfare of the Issuer and its inhabitants by providing for the economic development of the Issuer and providing increased employment, increased revenue and an increased tax base for the Issuer, the Project shall be and is hereby authorized to be financed as described herein. The Project will promote and enhance the public purposes set forth in the Act, create or preserve jobs and employment opportunities and benefit the economy of the Issuer and it is hereby found and declared that the financing for the Project and the use thereof by the Company as hereinafter provided is necessary to accomplish the public purposes described in the preamble hereto and in the Act. Section 3. Authorization And Pavment Of Bonds. That for the purpose of financing the cost of said Project there shall be and there is hereby authorized to be issued by the Issuer its Economic Development Revenue Bonds (Easter Seals Central Illinois, Inc. Project), Series 1999, in the Principal Amount. The Bonds shall be dated as of the date of issuance thereof, and be payable to the order of the Bondholder in the amount and on the dates set forth in the Bond form and shall bear interest on the unpaid principal installments at the rate set forth in the Bond form, said principal and interest payments to be made in monthly installments as follows: Interest shall be paid on the fourth (4th) day of each month, commencing December 4, 1999. Principal shall be paid on the fourth (4th) day of each month, commencing August 4, 2000, to and including November 4, 2024. The principal installments of the Bonds are subject to prepayment at the option of the Company at any time, in whole or in part, without penalty. Provided, however, that upon receipt of written notice from the Bondholder at least ninety (90) days prior to any Interest Rate Adjustment Date, directing the Company to exercise the option to prepay the Note on such Interest Rate Adjustment Date, the Company shall exercise such option, 7