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Board of County Commissioners of Indian River County, Florida, et al. , 1987 Page 6 instrument relating to any of the foregoing to which the Borrower is a party (the "Borrower Documents"). The Borrower has taken all action necessary to be taken by it for the execution, delivery and performance of the Borrower Documents. On the date hereof, this Bond Purchase Agreement has been, and on the date of Closing each of Borrower Documents will have been, duly authorized, executed and delivered by the Borrower and each of the Borrower Documents constitutes the legal, valid and binding obligation of Borrower enforceable in accordance with its terms. (c) The execution and delivery of Borrower Documents by the Borrower, the compliance with the terms, conditions and provisions hereof and thereof and the consummation of the transactions herein and therein contemplated by the Borrower do not and will not violate any law or any regulation, order, writ, injunction or decree of any court, governmental body, agency or other public instrumentality, or result in a breach in any of the terms, conditions or provisions of, or constitute a default under or result in the creation or imposition of any mortgage, lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of the Borrower pursuant to the terms of the Borrower's articles of incorporation, bylaws or any mortgage, indenture, agreement or instrument to which Borrower is a party or by which Borrower or any of its properties is bound. (d) All authorizations, consents and approvals of, notices to, registrations or filings with, or actions in respect of any governmental body, agency or other public instrumentality or court required in connection with the execution, delivery and performance by Borrower of Borrower Documents have been obtained, given or taken and all are in full force and effect, provided that no representation is made with respect to compliance with the securities or "blue sky" laws of any state. (e) There is no action,. suit, proceeding, inquiry or investigation before or by any court, public board or body pending or, to the knowledge of Borrower, threatened against or affecting Borrower or any of its properties except such as has been disclosed in writing to the Underwriter. (f) The Borrower hereby confirms to the Underwriter the representations and warranties made by Borrower in Section 5 of the Reimbursement Agreement, all of which, for such purpose, are hereby incorporated herein by reference. (g) The Borrower has not taken or omitted to take and the Borrower will not take or omit to take, any action that 4330x:10/23/87 3002-353