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12316323v3 9 based as aforesaid is erroneous, or, in the exercise of reasonable care, should have known that the same was erroneous. Any such Opinion of Counsel may be based (insofar as it relates to factual matters with respect to which is in the possession of the Issuer or the Borrower), upon the Certificate of an officer or officers of the Issuer or the Borrower, unless such counsel knows that the Certificate with respect to the matters upon which his opinion may be based as aforesaid is erroneous, or, in the exercise of reasonable care, should have known that the same was erroneous. Section 1.03 Description of Project. The term "Project" refers collectively to the acquisition, construction, and equipping of a 50-bed replacement skilled nursing facility, financed by the Prior Note and refinanced with proceeds of the Series 2020 Bonds (the "2018 Project), and a new 83-unit senior independent senior housing facility and "Town Center" (the "2020 Project"), all located on a single campus in the City of Roseville, Minnesota. Section 1.04 Additional Provisions as to Interpretation. All references herein to "Articles", "Sections" and other subdivisions are to the corresponding Articles, Sections or subdivisions of this Loan Agreement; and the words "herein", "hereof", "hereunder" and other words of similar import refer to this Loan Agreement as a whole and not any particular Article, Section or subdivision hereof. Whenever in this Loan Agreement it is provided or permitted that there be deposited with or held in trust by the Trustee money or funds in the necessary amount to pay or redeem any Bonds, the amount so to be deposited or held shall be sufficient to pay the principal amount of such Bonds and all unpaid interest thereon to maturity, except that in the case of Bonds which are to be redeemed prior to maturity and in respect of which there shall have been furnished to the Trustee proof satisfactory to it that notice of such redemption on a specified redemption date has been duly given or provision satisfactory to the Trustee shall be made for such notice, the amount so to be deposited or held shall be the principal amount of such Bonds and interest thereon to the redemption date, together with the redemption premium, if any. Any terms defined in the Indenture or Mortgage but not defined herein shall have the same meaning herein unless the context hereof clearly requires otherwise. This Loan Agreement is governed by and shall be construed in accordance with the laws of Minnesota. [The balance of this page intentionally left blank.]