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Financial Gunman• Insurance <br />Cunipum <br />Guaranty's commitment letter, dated March 4, 1996 <br />relating to the insurance of the Series 1996 Bonds. <br />7. No policy of municipal bond insurance other than a <br />policy issued by Financial Guaranty shall be provided as <br />security for the payment of principal and interest on <br />the Bonds. <br />8. The Reserve Policy shall expire on the final maturity <br />date of the Series 1996 Bonds. <br />9. Prior to delivery of the Reserve Policy, the Issuer <br />shall deliver to Financial Guaranty an executed Debt <br />Service Reserve Fund Policy Agreement in substantially <br />the form of Exhibit B hereto (the "Agreement") and an <br />opinion of counsel to the Issuer in form and substance <br />satisfactory to Financial Guaranty as to the due <br />authorization, validity and enforceability of the <br />Agreement. <br />10. Any official statement or similar disclosure document <br />relating to the Bonds Insured shall contain only (i) the <br />language included in Exhibit C hereto and (ii) such <br />other references to Financial Guaranty and the Reserve <br />Policy as we shall supply or approve. <br />11. Promptly after the issuance of the Reserve Policy, <br />Financial Guaranty shall receive a completed set of <br />executed documents. <br />Kathleen M. Evers <br />Senior Analyst <br />To keep this commitment in effect to the Expiration Date set <br />forth on the first page, Financial Guaranty must receive by <br />March 11, 1996 a duplicate of this Commitment executed by an <br />appropriate officer of the Indian River County, Florida. <br />Pa,7e 5 of 5 <br />