Robert S. McDaniel, Jr. and W. Jane McDaniel - Page 4




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               by this Mortgage shall be given or made in writing                     
               * * *                                                                  
                         *    *    *    *    *    *    *                              
               In the case of the Borrower [Second Street], addressed                 
               to:                                                                    
                    Second Street Partnership * * *                                   
                    with a copy to:                                                   
                    Robert S. McDaniel, Jr. Esq. * * * .                              
               On April 12, 1988, the 1985 note was refinanced in the                 
          principal amount of $577,500 (1988 note) with Citizens and                  
          Southern Bank of Florida (C&S Bank), the successor to National              
          Bank of Sarasota.  The 1988 note was secured by the Second Street           
          mortgage, which was modified where necessary to reflect the terms           
          of that note.                                                               
               On July 28, 1989, the 1988 note in the original principal              
          amount of $577,500 and a future advance note dated July 28, 1989,           
          in the original principal amount of $63,500 were replaced,                  
          consolidated, and renewed in the principal amount of $628,250               
          (1989 note) with C&S Bank.  The 1989 note was secured by the                
          Second Street mortgage, which was modified where necessary to               
          reflect the terms of the 1989 note.  According to the 1989 note,            
          which Mr. McDaniel, inter alia, signed as a general partner, "On            
          April 12, 1993, the maturity date of this Note, the remaining               
          unpaid principal balance and accrued interest shall be due and              







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