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FORECLOSE ITS INTEREST IN THE PROJECT UNDER THE MORTGAGE AND ENFORCE ITS RIGHTS AGAINST THE INSURER <br />UNDER THE INSURANCE POLICY. FOLLOWING ANY SUCH TERMINATION OF THE AGREEMENT, NEITHER THE TRUSTEE, THE <br />INSURER NOR THE OWNERS OF ANY CERTIFICATES SHALL HAVE ANY RECOURSE AGAINST THE COUNTY OR ANY ASSETS OR <br />PROPERTIES OF THE COUNTY TO ENFORCE PAYMENT OF ANY UNPAID 1998 FINANCING PAYMENTS OTHER THAN TO ~ <br />FORECLOSE THE LIEN OF THE MORTGAGE ON THE PROJECT. See "Security and Sources of Payment for the Certificates " <br />herein. <br />The principal and interest components of the 1998 Certificates will be insured by a policy of municipal bond insurance issued by <br />[Insert Logo of Municipal Bond Insurer] <br />This cover page contains certain information for quick reference only. It is not a summary of the issue. Investors must <br />read the entire Official Statement to obtain information essential to the making of an informed investment decision. <br />The 1998 Certificates are offered when, as and if issued and accepted by the Underwriters, subject to an approving legal <br />opinion of Stoel Rives LLP, Portland, Oregon, Special Ta7c Counsel, and certain other conditions. Certain legal matters are subject <br />to review for the County by Michael Hansen, County Counsel, for the Trustee by <br />Preston Gates & Ellis, LLP, Counsel to the Underwriters. It is expected that the Certificates wil be avai ab e for eliverythrough <br />the facilities of The Depository Trust Company in New York, New York on or about December 16, 1998. <br />Prudential Securities Incorporated Salomon Smith Barney <br />~ <br />~ <br />*Preliminary, subject to change <br />