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UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />INDIAN RIVER COUNTY
<br />GENERAL OBLIGATION BOND, SERIES 1989
<br />RATE OF INTEREST MATURITY DATE DATED DATE OF SERIES CUSIP
<br />REGISTERED OWNER:
<br />PRINCIPAL AMOUNT:
<br />KNOW ALL MEN BY THESE PRESENTS, that INDIAN RIVER COUNTY, FLORIDA (the
<br />"County"), for value received, hereby promises to pay to the Registered Owner
<br />named above, or registered assigns, on the Maturity Date specified above, the
<br />Principal Amount specified above and to pay 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 General Obligation Bond,
<br />Series 1989 (this "Bond") shall be payable from the interest payment date next
<br />preceding the date if registration and authentication of this Bond, unless: (a)
<br />this Bond is registered and authenticated as of an interest payment date, in
<br />which event this Bond shall bear interest from such interest payment date; or (b)
<br />this Bond is registered and authenticated after a Record Date (hereinafter
<br />defined) and before the next succeeding interest payment date, in which event
<br />this Bond shall bear interest from such interest payment date; or (c) this Bond
<br />is registered and authenticated on or prior to the Record Date first preceding
<br />, in which event this Bond shall bear interest from
<br />or (d) as shown by the records of the Paying Agent (hereinafter
<br />defined), interest on this Bond is in default, in which event this Bond shall
<br />bear interest from the date on which interest was last paid on this Bond. The
<br />Principal Amount hereof shall be payable, when due upon maturity, upon
<br />presentation and surrender of this Bond at the principal corporate trust office
<br />of (the "Paying Agent"), , Florida, as
<br />Paying Agent. Interest hereon shall be paid, when due, by check mailed to the
<br />Registered Owner whose name and address shall appear, at 5:00 P.M. prevailing
<br />local time at the location of the Bond Registrar (hereinafter defined) on the
<br />fifteenth (15th) day of the month next preceding each interest payment date (the
<br />"Record Date"), on the registration books maintained by
<br />(the "Bond Registrar"), , Florida, as Bond Registrar, irrespective
<br />of any transfer or exchange of this Bond subsequent to such Record Date and prior
<br />to such interest payment date, unless the County shall be in default in payment
<br />of interest due on such interest payment date. In the event of any such default,
<br />such defaulted interest shall be payable to the person in whose name this Bond is
<br />registered on such registration books at 5:00 P.M, prevailing local time at the
<br />location of the Bond Registrar on a special record date for the payment of such
<br />defaulted interest- established by notice mailed by the Paying Agent to the
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<br />No.
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<br />UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />INDIAN RIVER COUNTY
<br />GENERAL OBLIGATION BOND, SERIES 1989
<br />RATE OF INTEREST MATURITY DATE DATED DATE OF SERIES CUSIP
<br />REGISTERED OWNER:
<br />PRINCIPAL AMOUNT:
<br />KNOW ALL MEN BY THESE PRESENTS, that INDIAN RIVER COUNTY, FLORIDA (the
<br />"County"), for value received, hereby promises to pay to the Registered Owner
<br />named above, or registered assigns, on the Maturity Date specified above, the
<br />Principal Amount specified above and to pay 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 General Obligation Bond,
<br />Series 1989 (this "Bond") shall be payable from the interest payment date next
<br />preceding the date if registration and authentication of this Bond, unless: (a)
<br />this Bond is registered and authenticated as of an interest payment date, in
<br />which event this Bond shall bear interest from such interest payment date; or (b)
<br />this Bond is registered and authenticated after a Record Date (hereinafter
<br />defined) and before the next succeeding interest payment date, in which event
<br />this Bond shall bear interest from such interest payment date; or (c) this Bond
<br />is registered and authenticated on or prior to the Record Date first preceding
<br />, in which event this Bond shall bear interest from
<br />or (d) as shown by the records of the Paying Agent (hereinafter
<br />defined), interest on this Bond is in default, in which event this Bond shall
<br />bear interest from the date on which interest was last paid on this Bond. The
<br />Principal Amount hereof shall be payable, when due upon maturity, upon
<br />presentation and surrender of this Bond at the principal corporate trust office
<br />of (the "Paying Agent"), , Florida, as
<br />Paying Agent. Interest hereon shall be paid, when due, by check mailed to the
<br />Registered Owner whose name and address shall appear, at 5:00 P.M. prevailing
<br />local time at the location of the Bond Registrar (hereinafter defined) on the
<br />fifteenth (15th) day of the month next preceding each interest payment date (the
<br />"Record Date"), on the registration books maintained by
<br />(the "Bond Registrar"), , Florida, as Bond Registrar, irrespective
<br />of any transfer or exchange of this Bond subsequent to such Record Date and prior
<br />to such interest payment date, unless the County shall be in default in payment
<br />of interest due on such interest payment date. In the event of any such default,
<br />such defaulted interest shall be payable to the person in whose name this Bond is
<br />registered on such registration books at 5:00 P.M, prevailing local time at the
<br />location of the Bond Registrar on a special record date for the payment of such
<br />defaulted interest- established by notice mailed by the Paying Agent to the
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