Robert S. McDaniel, Jr. and W. Jane McDaniel - Page 7




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               obtaining the consent therefor of the Guarantor.                       
               Guarantor hereby consents to the partial or total                      
               release of Borrower or other persons primarily or                      
               secondarily liable to Lender for Borrower's indebted-                  
               ness.  No act of omission of any kind by the Lender                    
               shall affect or impair this Guarantee and the Lender                   
               shall have no duties to the Guarantor. * * *                           
               During the mid-to-late 1980's, the partnership interest of             
          each of five of the general partners of Second Street, excluding            
          Mr. Palermo, Mr. McDaniel, and Mr. Parker, was purchased by the             
          then remaining general partners, and either C&S Bank or its                 
          successor NationsBank of Florida, N.A. (NationsBank) expressly              
          released each of those five partners from any liability with                
          respect to the Second Street loan.  By the end of 1991, Mr.                 
          McDaniel, Mr. Parker, and Mr. Palermo were the only general                 
          partners of Second Street.                                                  
               Since at least some time in 1991, Second Street was ex-                
          periencing negative cash-flows, which required its three general            
          partners to make monthly contributions to it.  In May 1992, Mr.             
          McDaniel was unable to continue making his share of those con-              
          tributions.  He approached Mr. Palermo, informed him that he was            
          unable to continue making monthly contributions to Second Street,           
          and offered to deed Mr. Palermo his partnership interest.  By               
          quitclaim deed dated May 12, 1992, Mr. McDaniel transferred his             
          interest in the Second Street real property to George Palermo               
          Architect, Inc.  On May 14, 1992, Mr. McDaniel assigned his                 
          interest in Second Street to George Palermo Architect, Inc.  At             





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