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Financial Guaranty Insurance <br />Company <br />113 Broadway <br />New fork. NY 10006 <br />212? 312-3000 <br />800' 302-0001 <br />A GE Capital Company <br />Municipal Bond <br />New Issue Insurance Policy <br />Issuer: <br />Bonds: <br />Policy Number: <br />Control Number: <br />Premium: <br />Financial Guaranty Insurance Company ("Financial Guaranty—), it New <br />consideration of the payment of the premium and subject to the terms of <br />and irrevocably agrees to pay to Citibank. N.A., or its soccessor. ag <br />benefit of Bondholders, that portion of the principal and int on the <br />"Bonds") which shall become Due for Payment but un by n <br />Financial Guaranty will make such <br />becomes Due for Payment or on 1h <br />have received Notice of Nonpay <br />the face amount of pri an ince 1 which is th for yme ut is unpaid by reason of <br />Nonpayment by ssu t ty u <br />(i) eviden the nd 1 s 'ght <br />(ii) , ' dud pp •a <br />prin me t <br />Fin u <br />rina i rest <br />indudin the r' <br />is non -cancellable for any reason. The premium on this Policy is not refundable for tiny reason, <br />payment of the Bonds prior to their maturity. This Policy does 1101 insure against less of any <br />i premium which may at any time be payable with respect ue any Bond. <br />Jr V'1,�. <br />by <br />usinesse�ollo g the v o hic Ficial Guaranty shall <br />whichever t ate The I Ag wi - urse to the Bondholder <br />n receipt by t . Fi. I A , in form reasonably satisfactory to it. of <br />to ive paym t e principal or interest Due for Payment end <br />to in mems assignment, that all of the Bondholder's rights to <br />ant shall thereupon vest in Financial Guaranty. llleon <br />y shall become the owner of the Bond, appurtenant coupon or right tu <br />d1 Bond and shell be fully subrogated to all of the Bondholder's rights <br />s right to payment thereof. <br />FGIC is a registered service mark used by Financial Guaranty Insurance (:oanparn• wukr license from its pare <br />or <br />As used herein, the term "Bondholder" means, as to a particular Bond, the person other than the Issuer <br />who, at the time of Nonpayment, is enptled under the terms of such Bell(] to payment thereof. "Due for <br />Pavment" means, when referring to the principal of a Bond, the stated maturity date thereof or the date on <br />which the same shall have been duly called for mandatory sinking fund redemption and does not refer to <br />any earlier date on which payment is due'by reason of call for redemption (other than by mandatory sinking <br />fund redemption), acceleration or other advancement of maturity and ineans, when referring to interest on a <br />nt company. FGIC Cnrlmrateat. <br />Form 9000 (8/92) PsyRe 1 of 2 <br />