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Obligations, less any amount held by the Paying Agent for the payment of such Insured <br /> Amounts and legally available therefor. This policy doe not insure against loss of any <br /> prepayment premium which may at any time be payabb respect to any Obligation. <br /> As used herein, the term "owner" mean the registered owner of any <br /> Obligation as indicated in the books maintai e Paying Agent, the Issuer, or any <br /> designee of the Issuer for such purpose. owner shall not include the Issuer or any <br /> party whose agreement with the Issuer co utes the underlying security for the Obligations. <br /> Any service of process on the Insurer may be made to the Insurer at its offices <br /> located at 113 King Street, Armonk, New York 10504. <br /> This policy is non-cancelable for any reason. The premium on this policy is <br /> not refundable for any reason including the payment prior to maturity of the Obligations. <br /> In the event the Insurer were to become insolvent, any claims arising under a <br /> policy of financial guaranty insurance are excluded from coverage by the California <br /> Insurance Guaranty Association, established pursuant to Article 14.2 (commencing with <br /> Section 1063) of Chapter 1 of Part 2 of Division 1 of the California Insurance Code. <br /> MUNICIPAL BOND INVESTORS ASSURANCE CORPORATION <br /> LAI-70382.1 12 <br />