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EXHIBIT "2" <br />NO FLORIDA INTANGIBLE TAXES OR DOCUMENTARY STAMP TAXES ARE DUE HEREON <br />PURSUANT TO F.S. 201.24(1). <br />$700,000.00 <br />UNSECURED PURCHASE MONEY PROMISSORY NOTE <br />Casselberry, Florida <br />.2021 <br />FOR VALUE RECEIVED, CITY OF CASSELBERRY, a Florida municipal corporation, whose <br />address is 95 Triplet Lake Drive, Casselberry, FL 32707 (hereinafter referred to as "Borrower") promises <br />to pay to the order of (referred to herein, together with any other holder hereof, as <br />the "Lender"), at , or at such other place as the Lender may from <br />time to time designate, the principal sum of Seven Hundred Thousand and 00/ 100 Dollars ($700,000.00) in <br />lawful money of the United States of America together with interest thereon from the date of this Note until <br />this Note is paid in full, said principal and interest being calculated and payable in the amounts, at the times <br />and upon the terms and conditions provided in this Note. <br />Definitions. As used in this Note, the following terms shall have the indicated meanings: <br />(A) "Loan" shall mean that certain purchase money loan made by Lender, as seller, to <br />Borrower, as buyer, in connection with the sale and purchase of the property, as evidenced by this Note. <br />M" "Maturity Date" shall mean <br />DATE] <br />[2 YEARS AFTER CLOSING <br />(C) "Loan Documents" are all documents executed by Borrower in connection with the Loan, <br />including without limitation, this Note. <br />2. Interest Rate. Interest shall accrue (compound monthly) and be payable on the outstanding <br />principal balance of this Note at the fixed rate of seven and one-half percent (7.5%) per annum. <br />3. Payments. <br />(A) Interest shall be payable annually in arrears on [2 ANNUAL <br />PAYMENTS FROM ANNIVERSARY DATE OF CLOSING]. <br />(B) Principal shall be payable annually in equal installments of $350,000.00 each. The first <br />principal installment shall be paid on the first anniversary date of closing ( , 2022), <br />and the second principal installment shall be paid on the second anniversary date of closing <br />( <br />12023). <br />(C) All unpaid principal, accrued interest and other charges hereunder shall be due and payable <br />in full on the Maturity Date. <br />(D) Each payment on the indebtedness evidenced hereby will first reduce charges owed by <br />Borrower that are neither principal nor interest. The remainder of each such payment shall be applied first <br />to accrued but unpaid interest and then to unpaid principal. <br />