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(FORM OF SINGLE BOND)
<br />UNITED STATES OF AMERICA
<br />STATE OF FLORIDA
<br />COUNTY OF INDIAN RIVER
<br />WATER AND SEWER REVENUE BOND, SERIES 1982
<br />KNOW ALL MEN BY THESE PRESENTS, that the County of
<br />Indian River, Florida, a public body created and existing under
<br />and by virtue of the laws of the State of Florida (the "Issuer"),
<br />for value received, hereby promises to pay to
<br />, the principal sum of $2,750,700 on the first day of
<br />September in the years and installments as follows:
<br />Years
<br />Amounts
<br />Years
<br />Amounts
<br />1985
<br />$25,000
<br />2004
<br />$ 65,000
<br />1986
<br />27,000
<br />2005
<br />68,000
<br />1987
<br />28,000
<br />2006
<br />71,000
<br />1988
<br />30,000
<br />2007
<br />75,000
<br />1989
<br />31,000
<br />2008
<br />78,000
<br />1990
<br />32,000
<br />2009
<br />82,000
<br />1991
<br />35,000
<br />2010
<br />87,000
<br />1992
<br />35,000
<br />2011
<br />91,000
<br />1993
<br />38,000
<br />2012
<br />95,000
<br />1994
<br />40,000
<br />2013
<br />100,000
<br />1995
<br />41,000
<br />2014
<br />105,000
<br />1996
<br />44,000
<br />2015
<br />110,000
<br />1997
<br />46,000
<br />2016
<br />116,000
<br />1998
<br />48,000
<br />2017
<br />122,000
<br />1999
<br />51,000
<br />2018
<br />128,000
<br />2000
<br />53,000
<br />2019
<br />134,000
<br />2001
<br />55,000
<br />2020
<br />141,000
<br />2002
<br />59,000
<br />2021
<br />148,000
<br />2003
<br />61,000
<br />2022
<br />155,700
<br />and to pay, solely from such special funds, interest on the
<br />balance of such principal sum from time to time remaining unpaid,
<br />from the date of the delivery of this Bond to the purchaser
<br />thereof, at the rate of _ per centum ( %) per annum,
<br />payable on September 1, 1983, and annually thereafter on the
<br />first day of September of each year. Both principal of and
<br />interest on this Bond are payable at ,
<br />, in lawful money of
<br />the United States of America. Payments of principal and
<br />interest, including prepayments of installments of principal as
<br />hereinafter provided, shall be noted by the owner and holder
<br />hereof on the Payment Record made a part of this Bond, and writ-
<br />ten notice of the making of such notation shall be promptly sent
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