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Board of County Commissioners of Indian River County, Florida, et al. 1987 Page 3 2. Official Statement. The Borrower and NHC shall deliver or cause to be delivered to the Underwriter, promptly upon its acceptance hereof, two copies of the Official Statement of the Issuer, as approved by the Borrower, relating to the Bonds (such Official Statement, including the cover page and all appendices, reports and statements included therein or attached thereto being herein called the "Official Statement"), which Official Statement shall be substantially in the form of the Preliminary Official Statement dated , 198, with respect to the offering of the Bonds (the "Preliminary Official Statement"), with only such changes therein as shall have been accepted by the Underwriter. The Issuer, the Borrower and NHC authorize the use of copies of the Preliminary Official Statement, the Official Statement, the Indenture and the Loan Agreement in connection with the public offering and sale of the Bonds. 3. Certain Representations and Covenants of the Issuer. The Issuer represents and covenants to and with the Underwriter, both at the time of its acceptance hereof and on the date of Closing, as follows: (a) The Issuer is a political subdivision of the State of Florida duly organized and existing under the Constitution and laws of such State. (b) The Issuer has full power and authority to adopt the Authorizing Resolution, to approve the Official Statement, to enter into the Indenture, the Loan Agreement and this Bond Purchase Agreement, to apply the proceeds from the sale of the Bonds as described in the Official Statement, to perform and observe the covenants and agreements on its part contained in this Bond Purchase Agreement, the Indenture and the Loan Agreement and any other agreement or instrument to which the Issuer is a party, used or contemplated for use in the consummation of the transactions contemplated hereby and by the Official Statement and to carry out and consummate all transactions contemplated hereby and by the Official Statement. (c) The statements and information contained in. Appendix E to the Official Statement pertaining to the Issuer are true and correct in all material respects. The Issuer consents to the use of such statements and information in the Official Statement. (d) The Issuer has duly and properly authorized all necessary action for (i) the offering and sale of the Bonds upon the terms set forth herein and in the Official Statement, (ii) the use of the proceeds of the Bonds in the manner set forth in the Official Statement, (iii) the approval and 4330x:10/23/87 3002-353