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(b) The fees and expenses of the Participating County shall be paid from the proceeds of the program in the manner and to the extent mutually agreed upon by the officials of the Participating County and the Escambia Authority at or prior to issuance of the 1997 Escambia Bonds. Section 4. Term. This Agreement will remain in full force and effect from the date of its execution until such time as it is terminated by any party upon 10 days written notice to the other party hereto. Notwithstanding the foregoing, it is agreed that this Agreement may not be terminated by the Participating County during the Authorization Period, or by any party during any period that the Bonds issued pursuant to the terms hereof remain outstanding, or during any period in which the proceeds of such Bonds are still in the possession of the Escambia Authority or its agents pending distribution, unless either (1) the parties to this Agreement mutually agree in writing to the terms of such termination or (2) such termination, by its terms, only applies prospectively to the authorization to issue Bonds for which no Allocation Amount has been obtained and for which no purchase contract has been entered into. It is further agreed that in the event of termination the parties to this Agreement will provide continuing cooperation to each other in fulfilling the obligations associated with the issuance of bonds pursuant to this Agreement. Section 8. Indemnity. To the full extent permitted by law, the Escambia Authority agrees to hold the Participating County harmless from any and all liability for repayment of principal of and interest or penalty on the Bonds, and the members and officials of the Participating County harmless from any and all liability in connection with the approval rendered pursuant to Sections 159.603 and 159.604, Florida Statutes. The Escambia Authority agrees that any offering, circular or official statement approved by and used in marketing the 1997 Escambia Bonds will include a statement to the effect that Bondowners may not look to the Participating County for payment of the Bonds and interest or premium thereon. IN WITNESS WHEREOF. the parties to this Agreement have caused their names to be affixed hereto by the proper officers thereof as of the Z day of 199L. (SEAL) ATTEST. MAO W _--W Cleric i . �.e-• V DECEMBER 17, 1996 47 ESCANa3IA COUN7T HOUSING FINANCE AUTHORITY I. I INDIAN RIVER COUNTY, FLORIDA Chairman FPAN S. ADS M.3