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40 SPECIM, EA. N No. R-1 $850,000 UNITED STATES OF AMERICA STATE OF FLORIDA INDIAN RIVER COUNTY INDUSTRIAL DEVELOPMENT REVENUE BOND, SERIES 1982 (RAMPMASTER PROJECT) KNOW ALL MEN BY THESE PRESENTS, that Indian River County, Florida (the "Issuer"), a political subdivision of the State of Florida, for value received, hereby promises to pay to Barnett Bank of South Florida, N.A., Miami, Florida, or its successors or registered assigns (the "Bank"), from the revenues and receipts of the Issuer from or in connection with a Loan Agreement, hereinafter defined, the principal 'sum of $850,000, with interest on the unpaid principal balance from the date of this Bond, until paid, at the rate of 12.50% per annum. At the option of the Bank, such rate of interest may be increased after 5 years from the date of this Bond, to the rate of 70% of the interest rate per annum then quoted by the Bank as its prime rate on 90 -day commercial loans to its largest customers in effect from time to time computed on a daily basis uti- lizing a 365 -day year, and such increased rate shall be effective until maturity of this Bond. Beginning on the completion date for the Project, herein- after defined, the principal of and interest on this Bond shall be payable in consecutive monthly installments of $10,476.44 per month, on the first day of each month, and the balance at the maturity of this Bond on December 21, 1992. Prior to such completion date, interest only shall be paid on this Bond on February 1, 1983, and in such consecutive monthly installments. If the rate of interest on this Bond is increased at the option of the Bank, such con- secutive monthly installments shall be adjusted as necessary to reflect the higher rate of interest. The installments of principal of and interest on this Bond, when due and payable, shall be paid to the holder of this Bond by check or draft mailed to his address last appearing on the Bond Register. Upon final payment of the principal of and interest on this Bond, it shall be surrendered to the Clerk of the Board of County Commissioners of the Issuer. All payments of principal, redemption premium, if any, and interest on this Bond shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts. This Bond is issued pursuant to the Constitution and laws of the State of Florida, particularly Chapter 159, Part II, -1-