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the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for redemption, without premium. TERM BONDS OPTION Any bidder may, at its option, specify that the maturities of the Bonds maturing after April 1, 2035 will consist of term bonds which are subject to mandatory sinking fund redemption in consecutive years immediately preceding the maturity thereof (each a "Term Bond") as designated in the bid of such bidder. In the event that the bid of the successful bidder specifies that a permitted maturity of the Bonds will be a Term Bond, such Term Bond will be subject to mandatory sinking fund redemption on April 1 in each applicable year, in the principal amount for such year as set forth hereinbefore under the heading "THE BONDS," at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium. SECURITY The Bonds and the interest thereon are payable from a covenant of the County to budget and appropriate sufficient legally available Non -Ad Valorem Revenues (as defined in the Bond Resolution) to pay the debt service on the Bonds in the manner and to the extent provided in the Bond Resolution and described in the Preliminary Official Statement. The Bonds shall not be or constitute general obligations or indebtedness of the County as "bonds" within the meaning of any constitutional or statutory provision, but shall be special obligations of the County, payable solely from amounts budgeted and appropriated by the County from Non -Ad Valorem Revenues in accordance with the Bond Resolution. No holder of any Bond shall ever have the right to compel the exercise of any ad valorem taxing power to pay such Bond, or be entitled to payment of such Bond from any moneys of the County except from the Non -Ad Valorem Revenues in the manner and to the extent provided in the Bond Resolution. See the Preliminary Official Statement for more information regarding the security for the Bonds. BOND INSURANCE OPTION Bidders may at their option, obtain a policy of municipal bond insurance guaranteeing payment of the principal of, and interest on all or any designated maturities of the Bonds. The responsibility for obtaining such policy and payment of the premium for such policy and the costs of any related ratings shall rest with the successful bidder, and the County will not be obligated to enter into any covenants or agreements with the insurer. Each bidder should indicate whether municipal bond insurance has been purchased and provide the name of the insurer. The County will provide information to the municipal bond insurance companies if such companies wish to consider the qualifications of the Bonds for bond insurance. Announcements regarding the availability of such municipal bond insurance may be made by the applicable insurer via the Parity System prior to the sale date or bidders may contact individual bond insurers to ascertain the 4