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No. <br />( FM1 OF NOTE) <br />[FACE OF NCTM - j <br />1141 TLD STATES OF AVER I CA <br />STATE OF FLORIDA <br />INDIAN FIVER M MY <br />PATER AICD SEVER RE AME BONDS, SERIES 1986 <br />ANTICIPATION NOTE <br />M <br />Dated Date of Series Interest Rate Maturity Date CUSIP <br />o <br />IMIAN RIVER allJTY, FLDRIL[A (the "Issuer"), for value received, <br />promises to pay to the order of , or <br />registered assigns, on the maturity date stated hereon, upon surrender <br />hereof, the principal sun of <br />DOLLARS, unless this Nater and Sewer Revenue Bond, <br />Series 1986, Anticipation Note (the "Note") duly shall have been called for <br />earlier redemptior) and payment of the redemption price shall have been made or <br />provided for, and to pay semiannually on and of each year, <br />beginning I I to the registered owner hereof, interest on said <br />principal sun, at the rate per annum stated hereon, from the interest payment <br />date next preceding the date of registration and authentication of this Note, <br />unless: (a) this Note is registered and authenticated as of an interest payment <br />date, in which event this Note shall bear interest from such interest payment <br />date; or (b) this Note is registered and authenticated after a Record Date <br />(hereinafter defined) and before the next succeeding interest payment date, in <br />which event this Note shall bear interest from such interest payment date; or <br />(c) this Note is registered and authenticated on or prior to the Record Date <br />(hereinafter defined) preceding in which event this Note shall bear <br />interest from I ; or (d) as shown by the records of the Paying <br />-12- <br />