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No. R- $ UNITED STATES OF AMERICA STATE OF FLORIDA INDIAN RIVER COUNTY, FLORIDA CAPITAL IMPROVEMENT REVENUE BOND, SERIES 2025 Interest Maturity Rate Date Registered Holder: CEDE & CO. Principal Amount: Date of Original Issue CUSIP Number AND NO/ 100 DOLLARS KNOW ALL MEN BY THESE PRESENTS, that the Indian River County, Florida, a political subdivision and public body corporate and politic of the State of Florida (the "Issuer"), for value received, hereby promises to pay, solely from the Non -Ad Valorem Revenues hereinafter described, to the Registered Holder identified above, or registered assigns as hereinafter provided, on the Maturity Date identified above, the Principal Amount identified above and to pay interest on such Principal Amount from the Date of Original Issue identified above or from the most recent interest payment date to which interest has been paid at the Interest Rate per annum identified above on April 1 and October 1 of each year commencing April 1, 2026, until such Principal Amount shall have been paid, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Such Principal Amount and interest and the premium, if any, on this Bond are payable in any coin or currency of the United States of America which, on the respective dates of payment thereof, shall be legal tender for the payment of public and private debts. Such Principal Amount and the redemption premium, if any, on this Bond are payable at the designated corporate trust office of U.S. Bank Trust Company, National Association, Jacksonville, Florida, as Paying Agent. Payment of each installment of interest shall be made to the person in whose name this Bond shall be registered on the registration books of the Issuer maintained by U.S. Bank Trust Company, National Association, Jacksonville, Florida, as Registrar, at the close of business on the date which shall be the fifteenth day (whether or not a business day) next preceding each interest payment date and shall be paid by a check of such Paying Agent mailed to such Registered Holder at the address appearing on such registration books or, at the request of such Registered Holder, by bank wire transfer for the account of such Holder. Interest shall be calculated on the basis of a 360 -day year of twelve 30 -day months. This Bond is one of an authorized issue of Bonds in the aggregate principal amount of $ (the "Bonds") of like date, tenor and effect, except as to maturity date, interest rate, denomination and number issued under the authority of and in full compliance with the Constitution and laws of the State of Florida, particularly Section 125.01 et seq., Florida Statutes, and other applicable provisions of law (collectively, the "Act"), and Resolution No. 2025-_ duly 13