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of any portion of MAKER's Sales Tax Proceeds that ranks prior to or on a parity with this Note <br />without the express, prior approval of HOLDER. <br />7. If MAKER fully performs, complies with and abides by each and every <br />agreement, stipulation, condition and covenant regarding this Note and the obligations, liens and <br />encumbrances hereby created with respect thereto shall cease, determine, be deemed fully <br />satisfied, and this Note shall be canceled, subject in all respects to paragraph 4 hereof. <br />8. MAKER reserves the right to prepay, at any time, all or any part of the principal <br />amount of this Note without the payment of penalties or premiums, and thereby remove and <br />satisfy the lien interest securing this Note, provided that any costs or fees that may be associated <br />therewith will be borne by MAKER. <br />9. MAKER waives demand, protest, and notice of maturity, non-payment or protest <br />and all other requirements necessary to hold it liable as a maker and endorser. <br />10. MAKER agrees to pay all costs of collections incurred by HOLDER, including a <br />reasonable attorney's fee, in case the principal of this Note or any other payment thereon is not <br />paid at the respective maturity or due date thereof, or in case it becomes necessary to protect the <br />security hereof, whether suit be brought or not. <br />11. MAKER shall be unconditionally personally liable for repayment of all sums due <br />hereunder. <br />12. This Note shall be construed and enforced according to the laws of the State of <br />Florida. Upon default in payment of the principal when due or any other default under the <br />terms of this Note and the Agreement, the whole sum of principal and any other remaining, <br />unforgiven and unpaid amount hereunder shall, at the option of HOLDER, become immediately <br />due and payable and shall bear interest at the maximum rate allowed by law until paid in full. <br />13. Whenever used herein the term "HOLDER" or "MAKER" should be construed in <br />the singular or plural as the context may require or admit. <br />IN WITNESS WHEREOF, MAKER has executed and sealed this instrument on the day <br />and year set forth below: <br />ATTEST: <br />By: <br />DONNA G. GARDNER, City Clerk <br />Approved as to form and <br />legal sufficiency. <br />CATHERINE D. REISCHMANN <br />City Attorney <br />Date: <br />A-3 <br />CITY OF CASSELBERRY, FLORIDA <br />CHARLENE GLANCY, Mayor <br />