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to ulld including: the two hundred ninety-ninth (299th) l11ontl1 thereafter, principal nnn intcl'cst shall bc due and pnyahle in equal monthly installments of Five Thollsand One lIundred Eighty-one and 75/100 ($5,181,75) Dollars with a finnl payment due on the three hundredth (300tll) month thereafter on wilietl dute the entire unpaid bnlunce together with necrucd intcre~,t shall he due and payable. Notwithstanding the above and regardless of the Purchase Date, this Note shall mature and nil unpaid principal and interest shall be due nnd pnyablc in /lny event on September 1, 2005, In the event of a Determination of Taxability, ElS defined in the LOlln Agreement, the rate of interest hereon shall uutonHltieally be increased to tell and three-fourths 00-3/4%) per annum effective as of the Date of Tnxubility, us defined in the Loan Agreement, unless the lJate of Taxability occurs before the Purchase Date, in which case this Note shall hear interest from the Date of Taxability until the Purchase Date at an Rnnual rate that shnll at all tillles be equnl to two (2) percentage points over the prirne rate of interest charged by First National Bank of Minneapolis fr'om time to time on 90-day unsecured loans to its commercial borrowers of the highest credit standing, which annual r'ale shall change when and as said prime rate shall change, until the Purchase Date at whicll time and thereafter the interest rate shall be ten and threc-folwtlls (Ill 3/4%) percent per annum. In the event of a Deterrninntion of Taxability, Ill(mthly payments of principal and interest from and after the ])ate of Taxability shall be recomputed at the applicable interest T'Ilte or rates set forth above usinf!' the amortization period used in the original computation of the payments due IH:'rlC- under and the City shall (a) promptly pay to the register'ed owner hereof and to Hny prior registered owner the aggregate difference between (i) the amounts actually paid hereunder between the Date of Taxability and the date of Determirwtion of Taxability and (ii) the amounts which would have been paid to such registered owner during such period if the increased interest rate or rates hRd been iri effeet and (b) pay to the registered owner hereof after tile date of Determination of Taxability 'monthly payments of principal and interest us so recomputed, All interest shall be computed on the basis of the Ilctual number of dHYS elapsed on the assumptions that each month contains thirty (30) days and each year three hundred sixty (360) days, All payments made under this Note shall be applied first to interest and then to principal, except that if any advances made by the registered owner of the Note under the terms of any instruments securing tile Note are not repaid, any monies received, at the option of the r'egistered owner may first be applied to repay such advances, plus interest thereon, at the interest rate then in effect hereunder, and the balance, if any, shall be applied on account of any installments then due, This Note is issued pursuant to the Minnesota Municipal Industrial Develop- ment Act, Chapter 474, Minnesota Statutes, as amended (the "Act"), Bnel in conformity with the provisions, restrictions and limitations thereof. This Note does not represent a debt or pledge of the faith or c['edit of the City or [4Tunt to the registered owner of this Note any right to have the City levy tiny taxes or appropriate any funds for the payment of the principal hel'eof or interest hCl'eon, nor is this Note a general ohligation of the City or the individual officers or agents thereof. This Note and interest hel'eon are payable solely and only out of tlw moneys received under the Loan Agl'cement or realized from the enforcement of -2-