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Fimnw•iul hoar sus• In,uruswe <br />(irnpuuc <br />175 Winer Street <br />New lilrk. NV 10038.4072 <br />(2121(107-31100 <br />(800) 352.0001 <br />AGECapital Company <br />FGICW <br />Municipal Bond <br />New Issue Insurance Policy <br />Policy Number: <br />Control Number: <br />Bonds: Premium: <br />Financial Guaranty Insuratrne Company ("Financial Guaranty). a New <br />cmailleration of the payment of the premium and subject to the t of d <br />and inevoeably agrees to pay to Citibank. N.A., or its <br />benefit of Bondholden, that portion of the principal <br />"Bonds") which shall become Due for Pay <br />Financial Guaranty will make such <br />becomes Due kr Payment or on <br />have received Notice of <br />the face amount <br />Nonlay <br />(i) <br />J <br />hal Of interest <br />1 Financial Guaranty shall <br />ill disburse to the Bondholder <br />west but is unpaid by reissue of <br />gent, us form reasonably satisfactory to it. of <br />of dse principal or intrust Dow for Payment and <br />of assignment. that all of the Bondholder's rights to <br />it Payment shall tsvn ilp oti vest in Financial Guaranty. UIMMI <br />Iv shall bemire the owner of tlw Bond. appurtenant 1/1111111111 *w nght to <br />MI Such Bond and shall lw fully subrngi.i d (1i all of the liondI. Mer s rights <br />MMlholdef s right to paynwnt thereof. <br />non -cancellable for au*' reason. "I'lw Kee lival "n lois Paltry n u"1 rrfondubll• for au% 9•44,1111. <br />the'paytnent 14 the Bands prior to their maturity. This Policy 414ws not Insure against 14455 of any <br />vrnent premium which may at any time lw payable with respect to any Iklnd. <br />As used herein, the term -Bondholder- imams. a5 to a particular Iknnl. the 'wous other than the Issuer <br />who, at the time of Nonpayment. is entitled under tlw terms of such 11111.41 to payment thereof. -Due for <br />Payment" unions, when referring to dse principal 44 a Bond. doe stated in uurity date thereof or the dale on <br />which die same shall have hewn duty balled for IIIaulatory sinking fund redemption and Mars lou refer to <br />any earlier date /11 which payment is due by reason of call for redemption (otllrr than by mandatory sinking <br />fund redo 11ptMlrl). atu4raoin, a4' od1rr 1111Va1Mr1111•111 14 maturity 111111 1114'11115. when refenuig to 11111.9%1 119 11 <br />SM: SerVi1Y• 11411,k II,IVI by I•ilallll•Iill Guaranty In,anum. Gangway hinder 114,4.1• (rant Ib patrol Ivinpllul. I Al: Corporation <br />l' a,,, 9000 18/90) <br />Page 1 of 2 <br />