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REFUNDING BUILDING BOND (HEALTH SCIENCE EDUCATION CENTER PROJECT) <br />SERIES 2014 <br />No. R- $ <br />Interest Rate Maturity Date Date of Original Issue CUSIP No. <br />Registered Owner: <br />Principal Amount: <br />CENTRAL COMMUNITY COLLEGE FACILITIES CORPORATION <br />A Nebraska Not - For - Profit Corporation <br />March 1, 20_ June 18, 2014 <br />7 <br />201403666 <br />Central Community College Facilities Corporation, a not - for - profit corporation <br />organized and existing under the laws of the State of Nebraska, hereby acknowledges itself to owe and for <br />value received promises to pay to the registered owner specified above, or registered assigns, the principal <br />amount specified above in lawful money of the United States of America on the date of maturity specified <br />above with interest thereon to maturity (or earlier redemption) from the date of original issue or most recent <br />Interest Payment Date, whichever is later, at the rate per annum specified above, payable on September 1, <br />2014 and semiannually thereafter on March 1 and September 1 of each year (each of said dates an "Interest <br />Payment Date "). Said interest shall be computed on the basis of a 360 -day year consisting of twelve 30-day <br />months. The principal hereof is payable upon presentation and surrender of this bond at the principal <br />corporate trust office of Wells Fargo Bank, National Association, of Minneapolis, Minnesota, as Trustee, in <br />Minneapolis, Minnesota. Interest on this bond will be paid on each Interest Payment Date by a check or draft <br />mailed by the Trustee to the registered owner of this bond, as shown on the books of record maintained by the <br />Trustee, at the close of business on the [fifteenth] day of the month immediately preceding the month in <br />which the Interest Payment Date occurs, to such owner's address as shown on such books and records. Any <br />interest not so timely paid shall cease to be payable to the person entitled thereto as of the record date such <br />interest was payable, and shall be payable to the person who is registered owner of this bond (or of one or <br />more predecessor bonds hereto) on such special record date for payment of such defaulted interest as shall be <br />fixed by the Trustee whenever monies for such purpose become available. <br />This bond is one of a series of fully registered bonds of the total principal amount of <br />$2,560,000 of even date and like tenor except as to denomination, date of maturity and rate of interest issued <br />for the purpose of refunding the Building Bonds (Health Science Education Center Project), Series 2009C, <br />date of original issue — December 29, 2009, which bonds were issued for the purpose of paying the costs of <br />constructing and acquiring an addition for a health science education center (the "Project ") for use by Central <br />Community College Area (the "College "), in the State of Nebraska, which Project has been leased to said <br />College under a Lease- Purchase Agreement, dated as of July 1, 2009, as amended (the "Lease- Purchase <br />Agreement "). The bonds are to be paid out of fixed rentals payable by said College pursuant to the Lease - <br />Purchase Agreement, which rentals have been assigned to the Trustee, under a Trust Indenture and Security <br />Agreement, dated as of July 1, 2009, as supplemented by that First Supplemental Trust Indenture and <br />Security Agreement dated as of September 1, 2009, as further supplemented by that Second Supplemental <br />Trust Indenture and Security Agreement dated as of December 1, 2009, as further supplemented by that Third <br />Supplemental Trust Indenture and Security Agreement dated as of June 1, 2013 and as further supplemented <br />by that Fourth Supplemental Trust Indenture and Security Agreement dated as of June 18, 2014 (together, the <br />"Indenture "), under which this bond is issued, the provisions of which Indenture govern the rights of the <br />