Robert S. McDaniel, Jr. and W. Jane McDaniel - Page 3




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          Florida (Second Street real property).  The Second Street part-             
          nership agreement provided that each of its eight partners was to           
          contribute capital, own partnership assets, and share in part-              
          nership profits and losses in equal proportions.                            
               On April 12, 1985, Second Street borrowed $625,000 from the            
          National Bank of Sarasota, which was evidenced by a note (1985              
          note).  As security for that note, on the same date Second Street           
          mortgaged the Second Street real property (Second Street mort-              
          gage) to the National Bank of Sarasota.  The Second Street                  
          mortgage, which Mr. McDaniel signed, provided in pertinent part:            
                    9.  That the said Lender may, from time to time,                  
               extend the time of payment of said Note to subsequent                  
               owners of said lands and Premises, without notice to or                
               request from the makers of said Note, and any such                     
               extension of time of payment shall not release the                     
               makers from liability on said Note.                                    
                         *    *    *    *    *    *    *                              
                    15.  That any indulgence or departure at any time                 
               by the Borrower, its successors or assigns from any of                 
               the provisions hereof, or of any obligation hereby                     
               secured, shall not modify the same or relate to the                    
               future or waive future compliance therewith by the                     
               Borrower.  No act of omission or commission of Lender,                 
               including, without limitation, any failure to exercise                 
               any right, remedy or recourse, shall be deemed to be a                 
               waiver, release or modification of the same, such                      
               waiver, release or modification to be effected only                    
               through a written document executed by Lender and then                 
               only to the extent specifically recited therein.                       
                         *    *    *    *    *    *    *                              
               Except for any notice required under applicable law to                 
               be given in another manner, any notice, report, demand                 
               or other instrument required or permitted to be given                  





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