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No. <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />INDIAN RIVER COUNTY <br />SPECIAL ASSESSMENT REVENUE BOND, SERIES 1990 <br />RATE OF INTEREST MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: <br />KNOW ALL MEN BY THESE PRESENTS, that INDIAN RIVER COUNTY, FLORIDA <br />(the "County"), for value received, hereby promises to pay to the Registered <br />Owner named above, or registered assigns, solely from the Pledged Funds, <br />hereinafter defined, on the Maturity Date specified above, the Principal Amount <br />specified above, unless this Special Assessment Revenue Bond, Series 1990 (the <br />"Bond") shall be redeemable and duly shall have been called for earlier <br />redemption and payment of the redemption price shall have been made or provided <br />for, and to pay, solely from such Pledged Funds, semiannually on and <br />of each year, beginning , interest on the Principal Amount <br />specified above, at the Rate of Interest specified above, per annum, until such <br />Principal Amount is paid in full. Interest on this Bond shall be payable from <br />the interest payment date next preceding the date of registration and <br />authentication of this Bond, unless: (a) this Bond is registered and <br />authenticated as of an interest payment date, in which event this Bond shall <br />bear interest from such interest payment date; or (b) this Bond is registered <br />and authenticated after a Record Date (hereinafter defined) and before the next <br />succeeding interest payment date, in which event this Bond shall bear interest <br />from such interest payment date; or (c) this Bond is registered and <br />authenticated on or prior to the Record Date first preceding <br />in which event this Bond shall bear interest from <br />shown by the records of the Paying Agent (hereinafter defined), interest ondthis <br />Bond is in default, in which event this Bond shall bear interest from the date <br />on which interest was last paid on this Bond. The Principal Amount hereof, <br />together with any applicable redemption premium with respect thereto, shall be <br />payable, when due upon maturity or earlier redemption, upon presentation and <br />surrender of this Bond at the principal corporate trust office of <br />(the "Paying Agent"), , Florida, as Paying Agent. Interest <br />hereon shall be paid, when due, by check mailed to the Registered Owner whose <br />name and address shall appear, at 5:00 P.M. prevailing local time at the <br />- 9 - <br />