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Finandal Gummy bistir1111PP <br />0)1111"111% <br />The undersigned representative of William R. Hough & Co., <br />underwriter of the Indian River County, Florida Water and Sewer <br />Revenue Bonds, Series 1996 (the "Bonds") hereby agrees that if <br />the Bonds are insured by a policy of municipal bond insurance, <br />such insurance shall be provided by Financial Guaranty Insurance <br />Company in accordance with the terms and provisions of the <br />Commitment for Municipal Bond Insurance dated March 4, 1996 <br />provided by Financial Guaranty Insurance Company with respect to <br />the Bonds. <br />WILLIAM R. HOUGH & CO. <br />By: <br />Title: <br />Dated: <br />