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This Bond is and has all the qualities and incidents of a negotiable instrument under the <br />laws of the State of Florida. <br />(Insert redemption provisions) <br />In lieu of any mandatory redemption of the Bonds, the County may purchase Bonds and <br />tender them to the Paying Agent, all as more fully provided in the Resolution. <br />If less than all Bonds of any one maturity are to be redeemed, the Bonds of such maturity <br />to be redeemed shall be drawn by lot by the Paying Agent. For the purposes of redemption, if <br />this Bond is of a denomination larger than $5,000, it shall be treated as representing that number <br />of Bonds which equals the number obtained by dividing the principal amount hereof by $5,000, <br />each $5,000 portion. of this Bond being subject to redemption. In case of partial redemption of <br />this Bond, payment of the redemption price shall be made only upon surrender of this Bond in <br />exchange for Bonds of authorized denominations and of the same maturity and interest rate as <br />this Bond, in aggregate principal amount equal to the unredeemed portion of the principal <br />amount hereof. <br />Notice of any redemption shall be given in the manner .provided in the Resolution. On <br />the date designated for redemption, notice having been provided as aforesaid, and money for <br />payment of the principal, premium, if any, and accrued Interest being held by the Paying Agent, <br />interest on the Bonds or portions thereof so called for redemption shall cease to accrue and such <br />Bonds or portions thereof so called for redemption shall cease to be entitled to any benefit or <br />security under the Resolution, and the registered owners of such Bonds or portions thereof so <br />called for redemption shall have no rights with respect thereto, except to receive payment of the <br />principal to be redeemed and accrued interest thereon to the date fixed for redemption, together <br />with the redemption premium, if any. <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to any <br />security or benefit under the Resolution until the certificate of authentication hereon shall have <br />been executed by the manual signature of an authorized representative of the Bond Registrar. <br />IN WITNESS WHEREOF, Indian River County, Florida, has issued this Bond and has <br />caused the same to be executed by the Chairman of the Board of County Commissioners of the <br />County and attested by the Clerk of the Board of County Commissioners, either manually or with <br />their facsimile signatures, and its official seal, or a facsimile thereof, to be affixed, impressed, <br />imprinted or otherwise reproduced hereon, all as of the day of <br />(SEAL) INDIAN RIVER COUNTY, FLORIDA <br />ATTEST: <br />Clerk <br />By: <br />Chairman <br />A-4 of 6 <br />