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(ix) A certificate of, or opinion of counsel to, the Insurer to the effect that the information relating to it appearing under the caption "MUNICIPAL BOND INSURANCE" in the Official Statement accurately and fairly presents the information purported to be shown therein, fairly and accurately describes the Insurer. (x) An opinion, dated the Date of Closing, and addressed to the -Underwriter from counsel for the Insurer, to the effect that: (A) the Insurer is duly organized and validly existing under the laws of its state of incorporation and is qualified to do business in the State of Florida, and (B) the Policy has been duly and validly issued by the Insurer and constitutes the legal, valid and binding obligation of the Insurer enforceable in accordance with its terms except as lisited by bankruptcy, insolvency, moratorium and other laws affecting creditors' rights generally and subject as to enforceability by general principles of equity. (xi) Verification by NeGladrey & Pullen, Minneapolis, Minnesota, independent certified public accountants, of the accuracy of the mathematical computations supporting (i) the adequacy of the maturing principal amounts of, and interest earned on, the Escrow Securities deposited under the Escrow Deposit Agreement to pay the principal of and interest and premium on, the obligations being refunded with the proceeds of the Bonds, and (ii) the conclusion that the refunding aspects of the Bonds will not cause the Bonds to be "arbitrage bonds" under Section 103(c) of the Internal Revenue Code. (xii) Such additional legal opinions, certificates, instruments and other documents as the Underwriter may reasonably request to evidence the truth and accuracy, as of the date hereof and as of the Date of Closing, of the County's representations and warranties contained herein and of the statements and information contained in the Official Statement and the due performance or satisfaction by the County on or prior to the Date of Closing of all the agreements then to be performed and all conditions then to be satisfied by it. (f) The Insurer shall have issued its policy to insure the Bonds and Standard & Poor's Corporation and Moody's Investors Service, Inc. shall have assigned their municipal bond ratings of "AAA" and "Aaa" respectively, to the Bonds. (g) Evidence that First Union Nation Bank of Florida, Jacksonville Nations, has been approved by the County as the Paying Agent and Bond Registrar for the Bonds. -14-