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PiMno A,_„nnt d RWstmr The Paying Agent and Registrar for the Series 1995 Bonds is First Union National Bank of Florida, Jacksonville, Florida. Boole Entry System Brokers and dealers with respect to the Series 1995 Bonds will be expected to send to their purchasers a transaction statement regarding their purchase of beneficial interests in the Series 1995 Bonds and setting forth certain terms of those Series 1995 Bonds. The ownership of the Series 1995 Bonds and beneficial interest in the Series 1995 Bonds is expected to be shown on, and the transfer of that ownership is expected to be effected through, records maintained by DTC, its participants and certain persons acting through the participants. The County is not responsible or liable for sending transaction statements or for maintaining, supervising or reviewing such records. Principal and interest payments and premiums, if any, on the Series 1995 Bonds are to be made to DTC or its nominee as registered owner of the Series 1995 Bonds in any coin or currency of the United States which at the time of the payments is legal tender for this payment of public and private debt. Such Payments are to be made on the applicable interest or principal date. Transfer of principal and interest payments to the participants is the responsibility of DTC. Transfer of principal and interest payments to the beneficial owners is the responsibility of the participants and other nominees of beneficial owners. With regard to redemption, DTC is responsible for selecting the principal amount of the Series 1995 Bonds credited to each beneficial owner to be redeemed and for notifying each such beneficial owner. By purchase and acceptance of a bond, the owner agrees that the County shall have no responsibility or liability for the action or inaction by DTC or any to its participants or nominees in connection with the Series 1995 Bonds. Furthermore, the County shall not be responsible or liable for payment by DTC to its participants or by DTC participants to beneficial owners or for maintaining, supervising or reviewing the records maintained by DTC, its participants or persons acting through such participants. The County cannot and does not give any assurances that DTC, DTC participants or others will distribute payments of principal of or interest on, or any premium on the Series 1995 Bonds paid to DTC or its nominee, as the registered owner, or any redemption or other notices, to the beneficial owners or that they will do so on a timely basis. The County is not responsible or liable for the failure of DTC, DTC participants or others to make any payment or give any notice to a beneficial owner in respect of the Series 1995 Bonds or any error or delay relating thereto. In the event that (a) DTC determines not to continue to act as securities depository of the Series 1995 Bonds, or (b) the County determines (although the County undertakes no obligation to make such a determina- tion) that continuation of the book-entry system of evidence and transfer of ownership of the Series 1995 Bonds would adversely affect the interest of the beneficial owners of the Series 1995 Bonds, the County will discontinue the book-entry system with DTC. If the County fails to identify another qualified securities depository to replace DTC, the County will deliver replacement bonds in the form of fully registered certificates in denominations of $5,000 and any integral multiple thereof pursuant to the Resolution. However, definitive replacement bonds shall be issued only upon surrender to the Bond Registrar of the Bond of each maturity by DTC, accompanied by registration instructions for definitive replacement bonds for such maturity from DTC. Neither the County nor the Bond Registrar shall be liable for any delay in delivery of such instructions and conclusively may rely on and shall be protected in relying on such instructions of DTC. Securl Principal of and interest on the Series 1995 Bonds to be issued pursuant to Resolution No. 95-63, as supplemented, and all required sinking fund, and other payments shall be payable solely from the County's ad valorem taxes without limit on all taxable property in the County as provided herein; provided, however, that the Bonds shall be structured by the County in such a manner that at the time of issuance the millage rate required to make the maximum annual payment of the principal of and interest on the Bonds shall not exceed 1/2 mil of the then assessed value of Of land.; situated in the County subject to ad valorem taxation. The Series 1995 4