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<br />Ui J I TED STATES OF A MER I CA
<br />STATE OF FLORIDA
<br />ODLNY OF INDINJ RIVER
<br />WATEP, AND SEVER REVEl`lJE BOND, SERIES 1986
<br />BOW NO. 1
<br />KQUkl ALL MEN BY THESE PRESEIJT'S, 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 prornises to pay,
<br />solely from certain special funds described herein, to the order of the United
<br />States of America, acting through the Fanners 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 />$9,200,000 on the first day of September in the years and installments as
<br />follows:
<br />Years
<br />Amounts
<br />Years
<br />Anounts
<br />1990
<br />$ 85,000
<br />2009
<br />$216,000
<br />1991
<br />90,000
<br />2010
<br />227,000
<br />1992
<br />94,000
<br />2011
<br />238,000
<br />1993
<br />99,000
<br />2012
<br />250,000
<br />1994
<br />104,000
<br />2013
<br />262,000
<br />1995
<br />109,000
<br />2014
<br />275,000
<br />1996
<br />114,000
<br />2015
<br />289,000
<br />1997
<br />120,000
<br />2016
<br />304,000
<br />1998
<br />126,000
<br />2017
<br />319,000
<br />1999
<br />132,000
<br />2018
<br />335,000
<br />2000
<br />139,000
<br />2019
<br />352,000
<br />2001
<br />146,000
<br />2020
<br />369,000
<br />2002
<br />153,000
<br />2021
<br />388,000
<br />2003
<br />161,000
<br />2022
<br />407,000
<br />2004
<br />169,000
<br />2023
<br />r127,000
<br />2005
<br />178,000
<br />2024
<br />449,000
<br />2006
<br />186,000
<br />2025
<br />471,000
<br />2007
<br />196,000
<br />2026
<br />495,000
<br />2008
<br />206,000
<br />2027
<br />520,000;
<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 timx: to time: renkiining unpaid, from the date of the issuance
<br />of this Bond to the holder hereof, at the rate of per centum ( %) per
<br />annun, payable on Septmber 1, 1988, and annually thereafter on the first day of
<br />Septeilber of each year. Both principal of arxi interest on this Bond are payable
<br />at Finance Office, Farmers Hone Actninistration, United States Department of
<br />Agriculture, 1520 Market Street, St. Louis, Missouri 63103, in lawful money of
<br />the United States of America. Payments of principal and interest, including
<br />prepayments of installments of principal as hereinafter provided, shall be noted
<br />by the owner and holder hereof on the Payment Record made a part of this Bond,
<br />and written notice of the making of such notation shall be promptly sent to the
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