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AMA FINANCIAL GUARANTY INSURANCE POLICY Municipal Bond Investors Assurance Corporation Annonk, New York 10504 Policy No. ICCCM Municipal Bond Investors Assurance Corporation (the 'Imurer"), in consideration of the payment of the premium and subject to the terms of this policy, hereby unconditionally and irrevocably guarantees to any owner, as hereinafter defined, of the following described obligations. the full and complete payment required to be made by or on behalf of the Issuer to (INSERT NAME Of PAYING AGENT] or its successor (tire "Paying Agent") of an amount equal to (i) the principal of (eider U the stated maturity or by any advancement of maturity pursuant to a mandatory sinking fund payment) and interest on, the Obligations (as that term is defined below) m such payments shall become due but shall not be so pad (except that in the event of any acceleration of the due date of such principal by reason of mandatory or optional redemption or acceleration resulting from default or otherwise, other than any advancement of maturity pursuant to a mandatory sinking fund payment, the payments guaranteed hereby shall be made in such amounts and at such times as such payments of principal would have been due had there not been any such acceleration): and (ii) the reimbursement of any such payment which is subsequently recovered from any owner pursuant to a final judgment by a court of competent jurisdiction that such payment comtilutes an avoidable preference to such owner within the meaning of any applicable bankruptcy law. The amounts referred to in clauses (i) and (ii) of the preceding sentence shall be referred to herein collectively m the 'Insured Amounts" "Obligations" shall mean: ]PAR AMOUNT] [LEGAL. TITLE OF OBLIGATIONS] Upon receipt of telephonic or telegraphic notice, such notice subsequently confirmed in writing by registered or certified mail, or upon receipt of written notice by registered or certified mail, by the Insurer from the Paying Agent or any owner of an Obligation the payment of an Insured Amount for which is then due, that such required Payment has not been made, the Insurer on the due date of such payment or within one business day after receipt of notice of such nonpayment, whichever is later, will make a deposit of funds, in an account with Citibank, NA., in New York, New York, or its successor, sufficient for the payment of any such Imumd Amounts which are then due. Upon Presentment and surrender of such Obligations or presentment of such other proof of ownership of the Obligations, together with any appropriate instruments of assignment to evidence the assignment of the Insured Amounts due on the obligations as arc paid by the Insurer, and appropriate imtruments to effect the appointment of the Insurer as agent for such owners of the Obligations in any legal proceeding related to payment of Insured Amounts on the Obligations, such instruments being , a form satisfactory to Citibank, N.A., Citibank, N.A. shall disburse to such owners, or die Paying Agent Payment of the Insured Amount+ due on such Obligations, less any amount held by the Paying Agent for the payment of such Insured Amounts and legally available therefor. This policy does not insure against loss of any prepayment premium which may at any time be payable with respect to any Obligation. As used herein, the term "owner" shall mean the registered owner of any Obligation as indicated in the books maintained by the Paying Agent the Issuer, or any designee of the Issuer for such purpose. The term owner shall not include the Issuer or my party whose agreement with the Issuer constitutes the underlying security for the Obligations. Any service of process on the Insurer may be made to the Insurer at its offices located at 113 King Street, Armonk, New York 10504 and such service of process shall be valid and binding. This policy is nun -cancellable for any reason. The premium on this policy is not refundable for any reason including (be payment prior to maturity of the Obligations. The insurance provided by this Policy is not covered by the Florida Insurance Guaranty Associalion created under chapter 631. Florida Statutes. IN WITNESS WHEREOF, the Insurer has caused this policy to be executed in facsimile on its behalf by its duly authorized officers, this (DAY] day of (MONTH. YEAR]. COUNTERSIGNED Resident Licensed Agent - City, State Date STD-RCS/FL-4 MUNICIPAL BOND INVESTORS ASSURANCE CORPORATION �w President o a Attest: Assistant gtcietary