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Agent (hereinafter defined), interest on this Note shall be in default, in which event this Note shall bear interest from the date on which interest was last paid oil this Note, until said principal sLm is paid. The interest on this Nota, Mich is payable by check dra`Nn on (the "Paying Agent"), the principal corporate trust office of which is located in the of I County, Florida, as paying agent, and the principal of this Note, which is payable upon surrender, are payable in lawful money of the United States of America at the principal corporate trust office of the Paying Pgent or any successor paying agent under the P.esolution (hereinafter defined). Payment of the interest hereon shall be made to the registered owner hereof whose name and address shall appear, at the close of business on time fifteenth (15th) day next preceding each interest payment date (the "Record Date"), on the registration books maintained by the Paying Agent in behalf of the Issuer, irrespective of any transfer or exchange of this Note subsequent to such Record Date and prior to such interest payment date, unless the Issuer shall be in default in payment of interest due on such interest payment date. In the event of any such default, such defaulted interest shall be payable to the person in whose name this flote is registered at the close of business on a special record date for the payment of such defaulted interest established by notice mailed by the Paying Agent in behalf of the Issuer to the registered owner of this Note not less than fifteen (15) days preceding such special record' date. Such notice shall be mailed to the person in whose name this Note is registered at the close of business on the fifth (5th) day preceding the date of maiIing. This Note is one of an initially authorized series of $9,200,000, maximum aggregate principal amount of bond anticipation notes of the Issuer,