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Notice of Redemption Mi Notice of the intention to redeem the Series 1993 Bonds in whole or in part will be mailed by the Paying (Y Agent, by first class mail, to the Registered Owners of the Series 1993 Bonds to be redeemed in whole or in part # not more than 45 days and not less than 30 days prior to the date fixed for redemption, at their respective addresses as shown on the registration books, in accordance with the terms of the Master Bond Resolution. (r Such notice is to specify the series, maturities and numbers of Series 1993 Bonds to be redeemed (including the ' CUSIP number); the date fixed for redemption; the redemption price or prices applicable to the Series 1993 Bonds to be redeemed; and that on the date fixed for redemption such Series 1993 Bonds will be payable at the ' principal corporate trust office of the Paying Agent and that after such date interest shall cease to accrue on such Series 1993 Bonds. If Registered Owners of all such Series 1993 Bonds to be redeemed file written waivers of notice with the Paying Agent, such Series 1993 Bonds may be redeemed on the redemption date without necessity of notice by mailing. Failure to mail any notice of redemption or any defect therein or in the mailing thereof will not affect the validity of any proceeding for redemption of other Series 1993 Bonds called for redemption. Registration, Transfer, and Exchange t All Series 1993 Bonds presented for transfer, exchange, redemption, or payment (if so required by the County or the Bond Registrar) shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in form and with guaranty of signature satisfactory to the County or the Bond Registrar, duly executed by the Registered Owner or by his duly authorized attorney. The County and the Bond Registrar may charge the Registered Owner a sum sufficient to reimburse them for any expenses incurred in making any exchange or transfer. The Bond Registrar or the County also may require payment from the Registered Owner or his transferee, as the case may be, of a sum sufficient to cover any tax, fee, or other governmental charge that may be imposed in relation thereto. Such charges and expenses shall be paid before any such new Series 1993 Bond shall be delivered. The County and the Bond Registrar may treat the Registered Owner of any Series 1993 Bond as the absolute owner thereof for all purposes, and shall not be bound by any notice to the contrary. SECURITY AND SOURCES OF PAYMENT Pledge of Net Revenues The Bonds are limited obligations of the County. The Bonds will be payable solely by the County from and secured by alien upon and pledge of the Net Revenues of the System, together with such other revenues and funds which the County may choose to pledge by resolution as described below. Neither the County, the State of Florida, nor any political subdivision thereof has pledged Its faith or credit or taxing power to the payment of the Bonds. No holder of the Bonds shall ever have the right to compel the exercise of any ad valorem taxing power of the County or taxation In any form of any real property therein to pay the Bonds or the Interest due thereon nor be entitled to payment of the Bonds from any funds of the County except as described hereto. Subject to the release of security as discussed below, "Net Revenues" for purposes of the Bonds means Revenues less Operating Expenses. "Revenues' as used herein means: (i) all receipts and revenues of the County derived from the imposition, collection, and enforcement of uniform water and sewer service rates, fees and charges for the use of and the services furnished or to be furnished by the facilities constituting the System, including the earnings and interest income derived from the investment of the moneys on deposit in various funds and accounts established in connection with the System (the "Uniform Charges") but excluding Surcharges, impact