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W <br />NOTICE OF SALE <br />AMBAC Indemnity Corporation ("AMBAC Indemnity") has issued a commitment for <br />municipal bond insurance relating to the Bonds. All bids may be conditioned upon the <br />issuance effective as of the date on which the Bonds are issued, of a policy of insurance by <br />AMBAC Indemnity, insuring the payment when due of principal of and interest on the <br />Bonds. Each Bond will bear a legend referring to the insurance. The purchaser, holder or <br />owner is not authorized to make any statements concerning the insurance beyond those <br />set out here and in the bond legend without the approval of AMBAC Indemnity. <br />BOND LEGEND <br />Municipal Bond Insurance Policy No._ (the 'Policy") with respect to payments due for <br />principal of and interest on this bond has been issued by AMBAC Indemnity Corporation <br />("AMBAC Indemnity'). The Policy has been delivered to the United States Trust Company <br />of New York, New York, New York, as the Insurance Trustee under said Policy and will be <br />held by such Insurance Trustee or any successor insurance trustee. The Policy is on file <br />and available for inspection at the principal office of the Insurance Trustee and a copy <br />thereof may be secured from AMBAC Indemnity or the Insurance Trustee. All payments <br />required to be made under the Policy shall be made in accordance with the provisions <br />thereof. The owner of this bond acknowledges and consents to the subrogation rights of <br />AMBAC Indemnity as more fully set forth in the Policy. <br />COVER PAGE OF OFFICIAL STATEMENT <br />Payment of the principal of and interest on the Bonds when due will be insured by a <br />municipal bond insurance policy to be issued by AMBAC Indemnity Corporation <br />simultaneously with the delivery of the Bonds. <br />is <br />