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EXHIBIT D TO CONTRACT OF PURCHASE <br />Disclosure Statement <br />William R. Hough & Co., St. Petersburg, Florida (the "Underwriter"), as the Purchaser on this date <br />of $7,530,000 principal amount of Refunding Revenue Bonds, Series 1992, dated December 1, 1992 (the <br />"Bonds"), of Indian River County, Florida (the "County"), pursuant to Section 218.385, Florida Statutes, hereby <br />states as follows: <br />The Estimated direct expenses to be incurred are as follows: <br />Day Loan <br />376.50 <br />Federal Funds <br />903.60 <br />Good Faith Check <br />753.00 <br />CUSIP, MSRB, PSA <br />602.40 <br />Clearance <br />1,88250 <br />Travel, Out -of -Pocket <br />1,506.00 <br />Underwriter's Counsel <br />•00 <br />Official Statement Preparation <br />3,765.00 <br />2. To the best of our knowledge information and belief, there are no "finders" as defined in <br />Section 218.386, Florida Statutes, connection with the issuance of the Bonds. <br />3. The amount of the total underwriting spread or bond discount expected to be realized is <br />$64,230.90. <br />4. There will be a management fee in the amount of $11,295. <br />5. No fee, bonus or other compensation has been or will be paid by us in connection with the <br />bond issue to any person not regularly employed or retained by us in connection with the <br />sale or issuance of the Bonds. <br />6. The address of the Underwriter is: <br />William R. Hough & Co. <br />100 Second Avenue South, Suite 800 <br />St. Petersburg, Florida 33701 <br />IN WITNESS WHEREOF, the undersigned has executed this statement on behalf of William R. <br />Hough & Co., on this Z 't_ day of NoveMhcr , 1992. <br />WILLIAM R. HOUGH & CO. <br />as Underwriter <br />By:'.��I'�v� <br />Edwin M. Bulleit <br />First Vice President <br />