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The principal of and any premium on this Bond are payable upon pres-
<br />entation and surrender hereof at the principal corporate trust office of the
<br />Trustee, presently AmeriTrust Company National Association (the "Trustee"), as
<br />successor to Bank One, Akron, N.A. (the "Original Trustee"). Interest is
<br />payable on each Interest Payment Date by chec~ or draft mailed to the person
<br />in whose name this Bond (or one or more predecessor bonds) is registered (the
<br />"Holder") at the close of business on the 15th day of the calendar month next
<br />preceding that Interest Payment Date (the "Regular Record Date") on the
<br />registration books for this issue (the "Register") maintained by AmleriTrust
<br />Company National Association, as Registrar (the "Registrar"), as successor to
<br />the Original Trustee, at the address appearing therein. Upon the occurrence
<br />of an Event of Default (as defined in the Indenture hereinafter referred to)
<br />any interest which is not timely paid or duly provided for shall cease to be
<br />payable to the Holder hereof (or of one or more predecessor bonds) as of the
<br />Regular Record Date, and shall be payable to the Holder hereof (or of one or
<br />more predecessor bonds) at the close of business on a Special record Date to
<br />be fixed by the Trustee for the payment of that overdue interest. Notice of
<br />the Special Record Date shall be mailed to Holders not less than ten days
<br />prior thereto. The principal of and interest and any premium on this Bond are
<br />payable in lawful money of the United States of America, without deduction for
<br />the services of the paying agent.
<br />
<br /> This Bond is one of a duly authorized issue of Industrial Development
<br />First Mortgage Revenue Bonds (Detroit/Warren Building Project), dated
<br />December 1, 1984 but as of December 1, 1987 (the "Bonds"), in the principal
<br />amount of $1,780,000 authorized by an ordinance duly passed by the Council of
<br />the Issuer (the "Council") on December 3, 1984, as amended by an ordinance
<br />duly passed by the Council on __, 1988 (such ordinances,
<br />collectively, the "Bond Legislation,'), and issuable under the Trust Indenture
<br />between the Issuer and Trustee, dated as of December 1, 1984, as amended by a
<br />First Supplemental Trust Indenture dated as of December 1, 1987 (such
<br />indenture and first supplement, collectively, the "Indenture"). This Bond,
<br />together with another Bond in the principal amount of $100,000, represents the
<br />amended Original Bonds, executed and delivered in exchange for the Original
<br />Bonds in connection with certain amendments to the Loan Agreement between the
<br />Issuer and Lakewood-Warren-Detroit Partnership, Ltd. (the "Company"), dated as
<br />of December 1, 1984, as amended by a First Amendment of Loan Agreement between
<br />the Issuer and the Company, dated as of December 1, 1987 (such loan agreement
<br />and first amendment, collectively, the "Agreement"). This Bond amends the
<br />payment, maturity and interest terms of the Original Bonds, as well as the
<br />circumstances constituting an event of default with respect thereto. The
<br />Original Bonds were issued for the purpose of making a loan ('the "Loan") to
<br />assist the Company in the financing of costs of the Project, as defined in the
<br />Agreement. The Original Bonds were issued, and the Bonds are executed and
<br />delivered, pursuant to Section 13 of Article VIII of the Constitution of the
<br />State and to the laws of the State, particularly Chapter 165, Ohio Revised
<br />Code, and the Bond Legislation.
<br />
<br /> Reference is hereby made to the Indenture and the Bond Legislation
<br />for a more complete description of the Project, the provisions, among others,
<br />with respect to the nature and extent of the security for the Bonds, the
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