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I lIUM Jil l.- IUIUI.UI�C <br /> Company <br /> 8. No policy of municipal bond insurance other than a policy issued by Financial Guaranty <br /> shall be provided as security for the payment of principal and interest on the Bonds. <br /> 9. The Reserve Policy shall terminate on the scheduled final maturity date of the Bonds. <br /> l0. Prior to delivery of the Reserve Policy, the Issuer shall deliver to Financial Guaranty an <br /> executed Debt Service Reserve Fund Policy Agreement in substantially the form of Exhibit <br /> B hereto (the "Agreement") and an opinion of counsel to the Issuer in form and substance <br /> satisfactory to Financial Guaranty as to the due authorization, validity and enforceability of <br /> the Agreement. <br /> it. Any official statement or similar disclosure document relating to the Bonds Insured shall <br /> contain only(i) the language included in Exhibit C hereto and (ii) such other references to <br /> Financial Guaranty and the Reserve Policy as we shall supply or approve. <br /> 12. Promptly after the issuance of the Reserve Policy, Financial Guaranty shall receive a <br /> completed set of executed documents. <br /> Joseph Ponisi <br /> Director <br /> To keep this commitment in effect to the Expiration Date set forth on the first page, Financial <br /> Guaranty must receive by April 27, 2001, a duplicate of this Commitment executed by an <br /> appropriate officer of the Issuer. <br /> The undersigned agrees that if the reserve fund requirement for the Bonds is met in whole or in part <br /> by a surety bond, letter of credit or insurance policy, such reserve fund credit instrument shall be a <br /> Reserve Policy provided by Financial Guaranty in accordance with the terms of this Commitment. <br /> Accepted as of by Indian River County, Florida. <br /> By: <br /> Name: <br /> Title: <br /> Ponisi Commrt2001 FL-Indian Ri%er CUUnty-DSRF <br /> OM05 <br /> Pa-e 4 of <br />