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~ C ~ FINANCIAL GUARANTY INSUR.ANCE POLICY ~ MBIA Insurance Corporation Armonk, New York 10504 Policy No. [NUMBER] MBIA ce Cotporation (the "Insurer'~, m consid~ion of the payment of the premium and subjed to the tenns of this policy, hereby ,;, ,. unc~nditionally and 'urevocably guaranr,ees to any owner, as hereinafter defined, of the following desazbed obligations, the full and complete paym~t requirad to be'made by ar on behalf of the Issuer to [PAYING AGENT/IRUSTEE] or its successor (t~e "Paying AgenY~ of an amamt equal to () flie princ~pal of (eitha at the st~d maatiuity or by any advanceme~t of maturity pu~uant to a mandatory sinl~g fimd payment) and 'mbe~st on, the Obliga~ons (as that te~ is defined below) as such paycneuts ~all become due but shall not be so paid (eaccept that in the event of any accelecafion of the due dabe of suc~ P~incipal bY reason of mandatory or optionai redemption ~ acceleration resuldng from defautt or oth~v-~ise, o~hes than any advanoemart of mahuity p~asuant to a mandato~y sinl~g fund paym~~ the payments guarantee~ heneby shall be made m such amamts and at such times as such payments of principat would have been due had thete not beea any such accelaacion); and (n~ the reimbiusement of any such payment which is ~quently iecovered fr+nm any owna putsuant to a fmal judgmem by a court of campetent jurisdiction that such payment consli~rtes an avoidable pcefe~mce to such owner w~hin the mea~vng of any applicabte bac~cy law. The amo~mts refeared to m cla~ses () and (n) of the pnece~g sentence shalJ be refemed to herem collectively as the "Insured Amowi~.~~ "Obligations° shall mean: . .. ~~) [LEGAL NAME OF ~SSUE] Upon receqrt of telephonic or telegtaphic notice, such notice subsequendy confimied in writing by regist~d or certified mail, or upon receipt of written notice by registered or certified mail, by the Ins~u~er from the Paying Agent or any owna of an Obligatio~ the paymea~t of an Insu~ed Amoutrt for which is then du~ d~at suc~ required paym~t has not been made, the Insurer on the due date of such payment or witl~u~ one business day at~er receipt of notice of such nonpayme.nt, whichever is later, will make a deposit of funds, in an account with Stabe Sheet Bank and Tiust Company, N.A., in Ne~v Yocic, Yaic, or its successor, sufficient far ti~e paymeart of any such Insunad Amounts which ace ihen due. Upon pre.sentinent and slurender of such 'ons ~ p~en~nbnt of such other proof of ownecship of the Obligations, together wid~ any appropriate uu~vmeNs of assignment to evidence the assignment of tt-e Insw~ed Amoimts due on the Obligations as are paid by the Insurer, and a~ropriate instivm~ts to effect the appointm~t of the ~urr as agent f~ such owners of the Obligations m anY legal Proce~ing relat~ w payme~t of Insiu+ecl~Amounts on the Obligations, such ms~unents being m a fomi satisfadory to State Street Bank and Tivst Company, N.A., State S~eet Bank and Tn~st Company, N.A. shall disburse to such owne~s, or ti~e Paying Agent payma~t of the Insvre3 Amounts due ~ such Obligations, less any amount heid by the Payuig Ageat for the payme~t of such Insu~ Amounts and legally available therefor. 'Ihis policy dces not insure against loss of any prepayment premium which may at any time be payable with respect to any Obligation As used he~ein, the texm "owner" shall mean the negistered owna of any Obligation as indic~ted 'um the books maintained by ti~e Paying A,gent, the Is~r, or any designeE of the tssuer for such piupose. The team ownex shall not include the Lssu~ or arry party whose a~ne,nt with the Issuer oons~Wbes the underlying secxuity for the Obligati~s. _ .Any savice of proc~ss on ti~e Insiu+er may be made to the Insurer at its off ces located at 113 King Smeet, Acmonk, New York 10504 ~and such savice of prooe.ss shall be valid and binding. This policy is non~ancellable for any c~eason. The premium on ti~is policy is not refundable for any reason including the payment prior to maturity of die Obligations. IN WTINFSS WHEREOF, the tnsucer has caused this policy to be executed 'm facsimile on its behalf by its duly aul~ori~ed officecs, this [DAYj day of ~MOrnx, ~r~x~• MBIA Insurance Corporation \ J 1 Preside /1/ . tI Attest Assistant Se~tary si'D-R~ 4P95