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El (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 1999 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 ten (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 1999 Escambia Bonds issued pursuant to the terms hereof remain outstanding, or during any period in which the proceeds of such 1999 Escambia Bonds (or investments acquired through such proceeds) 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 1999 Escambia Bonds for which no Allocation Amount has been obtained or used by the Authority 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 S. 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 1999 Escambia Bonds issued pursuant to this Agreement. and the members, officials, employees and agents 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 1999 Escambia Bonds will include a statement to the effect that Bond owners may not look to the Participating County or its respective members, officials, employees and agents for payment of the 1999 Escambla Bonds and Interest or premium thereon. 3N WITNESS WHEREOF, the parties to this Agreement have caused their names to be affixed hereto by the proper officers thereof as of the / s' day of 0gr" MA, 1998. ESCAMBIA COUNTY HOUSING (SEAL) FINANCE AUTHORITY ATTEST: Itwunairman I .Secretary ATTEST: •N (SEAIa DECEMBER 15, 1998 INDIAN RIVER COUNTY, FLORIDA -51- BOOK 1017 PACE i