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<br />the event interest payable on this Note is not punctually paid or duly provided for by the Issuer
<br />on such interest payment date, payment of each installment of such defaulted interest shall be
<br />made to the person in whose name this Note shall be registered at the close of business on a
<br />special record date for the payment of such defaulted interest as established by notice to such
<br />Registered Holder, not less than ten (10) days preceding such special record date.
<br />
<br />This Note is one of an authorized issue of Notes in the aggregate principal amount of
<br />$3,000,000 (the "Note") of like date, tenor and effect, except as to maturity date, interest rate,
<br />denomination and number, issued to SunTrust Bank, to finance the acquisition of real property to
<br />be used for public purposes-and to pay certain costs in connection with the issuance of said Note,
<br />in and for the Issuer, under the authority of and in full compliance with the Constitution and laws
<br />of the State of Florida, particularly Chapter 166, Part II, Florida Statutes, and other applicable
<br />provisions of law (the "Act"), and a resolution duly adopted by the City Commission of the
<br />Issuer on June 5, 1995, as amended and supplemented (the "Initial Resolution"), particularly as
<br />supplemented by a resolution passed and adopted on February 23, 2004 (the "Supplemental
<br />Resolution" and together with the Initial Resolution, the "Resolution"), and a resolution duly
<br />adopted by the City Commission of the Issuer on February 13, 2006 and is subject to all the
<br />terms and conditions of the Resolution. All capitalized undefined terms used herein shall have
<br />the meaning set forth in the Resolution.
<br />
<br />This Note and the interest hereon are payable solely from and secured by a lien upon and
<br />a pledge of (1) the proceeds of the local government half-cent sales tax received by the Issuer
<br />pursuant to the Act, and (2) until applied in accordance with the provisions of the Resolution, all
<br />moneys, including investments thereof, in certain of the funds and accounts established by the
<br />Resolution, all in the manner and to the extent described in the Resolution (collectively, the
<br />"Pledged Funds"). This Note shall be payable on a parity with the Issuer's outstanding Sales Tax
<br />Revenue Refunding Note, Series 2002A and the Issuer's outstanding Sales Tax Revenue Note,
<br />Series 2002B. It is expressly agreed by the Registered Holder of this Note that the full faith and
<br />credit of the Issuer, the State of Florida, or any political subdivision thereof, are not pledged to
<br />the payment of the principal, premium, if any, and interest on this Note and that such Holder
<br />shall never have the right to require or compel the exercise of any taxing power of the Issuer, the
<br />State of Florida, or any political subdivision thereof, to the payment of such principal, premiwn,
<br />if any, and interest. This Note and the obligation evidenced hereby shall not constitute a lien
<br />upon any property of the Issuer, but shall constitute a lien only on, and shall be payable solely
<br />from, the Pledged Funds.
<br />
<br />Neither the members of the City Commission of the Issuer nor any person executing this
<br />Note shall be liable personally hereon or be subject to any personal liability or accountability by
<br />reason of the issuance hereof.
<br />
<br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE
<br />SET FORTH ON THE REVERSE SIDE HEREOF AND SUCH FURTHER PROVISIONS
<br />SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN THIS
<br />PLACE.
<br />
<br />A-2
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