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<br />(FORM OF 1986A BOND)
<br />UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />COUNTY OF INDIAN RIVER
<br />WATER AND SEWER REVENUE BOND, SERIES 1986A
<br />BOND NO. 1
<br />KNOW ALL MEN BY THESE PRESENTS, that the County of Indian River,
<br />Florida, a public body created and existing under and by virtue of the laws of
<br />the State of Florida (the "Issuer"), for value received, hereby promises to pay,
<br />solely from certain special funds described herein, to tyle order of the United
<br />States of America, acting through the Farmers Home Administration, United States
<br />Department of Agriculture (the "Government"), or registered assigns, unless this
<br />Bond duly shall have been called for earlier redemption and payment of the
<br />redemption price shall have been made or provided for, the principal sum of
<br />$450,000 on the first day of September in the years and installments as follows.
<br />ar
<br />Amovii
<br />Year
<br />Amount
<br />1992
<br />$ 2,600
<br />2011
<br />$ 9,400
<br />1993
<br />2,800
<br />2012
<br />10,100
<br />1994
<br />3,000
<br />2013
<br />10,800
<br />1995
<br />3,200
<br />2014
<br />11,600
<br />1996
<br />3,400
<br />2015
<br />12,400
<br />1997
<br />3,700
<br />2016
<br />13,200
<br />1998
<br />3,900
<br />2017
<br />14,200
<br />1999
<br />4,200
<br />2018
<br />15,100
<br />2000
<br />4,500
<br />2019
<br />16,200
<br />2001
<br />4,800
<br />2020
<br />17,300
<br />2002
<br />5,100
<br />2021
<br />18,600
<br />2003
<br />5,500
<br />2022
<br />19,900
<br />2004
<br />5,900
<br />2023
<br />21,200
<br />2005
<br />6,300
<br />2024
<br />22,700
<br />2006
<br />6,700
<br />2025
<br />24,300
<br />2007
<br />7,'100
<br />2026
<br />26,000
<br />2008
<br />7,700
<br />2027
<br />27,900
<br />2009
<br />8,200
<br />2028
<br />29,800
<br />2010
<br />8,800
<br />2029
<br />31,800;
<br />or such lesser amount as shall, on any of such dates, represent the then
<br />outstanding principal amount hereof, and to pay interest on the balance of such
<br />principal sum from time to time remaining unpaid, from the date of the issuance
<br />9 -
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