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(5) Fifth, the balance of any moneys remaining after the above required payments have been made may be used by the County for any lawful purpose. FUTURE FINANCING PLANS Prior Pledge to and Lien for Series 1986 Bonds In December 1987 the County issued 6 3/8% Water and Sewer Revenue Bonds, Anticipation Notes in an aggregate principal amount of $9,200,000 ("1986 Anticipation Notes") in anticipation of the receipt by the County of the proceeds from the sale of its $9,200,000 Water and Sewer Revenue Bonds, Series 1986 (the "Series 1986 Bonds"). The County currently anticipates that the Series 1986 Bonds will be sold to FmHA pursuant to the laws of the State of Florida, Resolution No. 86-35 and the Senior Lien Bond Resolution, as amended and supplemented (collectively, the "Series 1986 Bond Resolution"), and certain Letters of Condition between FmHA and the County ("FmHA Letters of Condition"), on or prior to December 1, 1990. Pursuant to the Series 1986 Bond Resolution and the FmHA Letters of Condition the County anticipates that it will pledge to, and grant a lien on, the revenues and receipts of the System for payment of the Series 1986 Bonds when issued, with such pledge and lien being senior to the pledge of, and lien on, the Net Revenues of the System for payment of the Series 1989 Bonds. FmHA has also issued a commitment to provide a $450,000 loan to the County for the purchase and improvement of a utility system in the "Bent Pine" area of the County, subject to fulfillment by the County of certain conditions (the "Bent Pine Commitment'). Any bonds sold to FmHA issued by the County in connection with the Bent Pine Commitment would likely involve a pledge of, and grant of a lien on, the revenues and receipts of the System, which pledge and lien would also be senior to the pledge of, and lien on, the Net Revenues of the System granted to secure payment of the Series 1989 Bonds. Other than bonds sold to FmHA as described above (the "Senior Lien Bonds"), the County shall not issue any other bonds or obligations senior to or having priority to the Net Revenues of the System pledged for payment of the Series 1989 Bonds. Issuance of Additional Parity Bonds Additional Parity Bonds, payable on a parity from the Net Revenues with the Series 1989 Bonds, may be issued from time to time to finance any portion of the costs of the construction and/or acquisition of additions, extensions and improvements to the System, or of any physically separate water or sewer system declared by resolution of the Board to be part of the System, or for refunding purposes, in the manner herein_ provided. 13