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Helicopter Chattel Mortg_age -
~42,gqp.pp " March 16, 1967
Shawnee 6roves Corpora~tion, the undersigned Nbrtgagor, pro~ises to pa~y~to The Phila-
delphia National Bank, Trustee the Associated Coca-Cola 6ottling Co., Inc. Master
~ Pension Trust, Philadelphia, Pennsylvania, Thirty Thousand, Fi~ve Hundred and no/100
Dollars wlth interest at the rate of six and ane half (6~)-per cent per annun, pa~r-
able in trienty equal quarterly installments; ~the first such instnllmerit of principal _
and interest 1n the amoumt of =3,062.22 becaNing due and pa~rsble June 1, 1967 with
1 i ke and equal 1 nstal la~ents becani ng due and pa~yabl e quarterly thereafter unti 1 the
full aaount of said note including iqterest and 1_egal fees arising out of default
or breach of this a~greement are paid in full. In the event the Mortgagor fails to
pa~r ar~y.i.~t~~]lnent that be~aaes due and pa~yable, the enti.re unpaid tialance of said
note :ji4'~'~isape ia~edi atety ~ due and pa~yabl e. Yal ue recei ved - ,
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! ~j?': Shawnee 6roves Co orati on
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Md sa~d', 'S~iawnee 6roves Corporatl on as Mortgagor for the purQose af securi ng the
pro.pt and full pa~ent of the sa~e at maturity, do give un4o The PhiladelPhia
National Bank, Trustee the Associated Coca-Cola Bottling Co., Inc. Master Pension
Trust, its heirs, successors and assigns, a mortgage lien upon the folla+ing pro-
perty, noN in the Mortgagor's possesslon, custocbi, and control, in the County of
St. Lucie and State of Florida, to-Mit:
(1) Model 476-5 Bell Heaicopter, Serial No. 7805, Registration
N-8563F, Equipped with: Elevator 47-706-485-9, Shoulder
Harness 47-706-645-5 and Ag Master a7-706-645-3
(2) Model 476-5 Bell Helicopter, Serial No. 7802, Registration
N-8558F, Equipped Mith: Elevator and Deluxe Interior
And sai d Mortgagor, ShaMmee 6roves Corporati on does hereby Narrant and represent
that they have full right and power to encu~ber said property as above set forth,
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and that the same is free arid clear of all other mortgages, liens or enc~brances,
~ of ar~y k~nd or nature whatsoever. ~
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~ Md said Mortgagor agrees, so long as aartgage is in effect, to keep such personal
E property insured Mith approved companies ~in such amounts and against such hazards
~ as the mortgagee aa~y requir~ for the benefit of the aartg.agor and ~ortgagee as
~ their interest ~aa~y appear. In case said mortg.agor shall neglect or refuse to ob-
tain such• insurance, then said aartgagee, its successors or assigns, ~aa~y at its or
their option, obtain such insurance, and all su~as of aaney thus expended or advanced
by said ~ortgagee shall be and are hereby once herei~ secured by these presents,
and said sums shall _ be pa,yable Mith interest frae the date of advance~ent at the
- rate of 6~X per annua upon demand froo~ said ~ortgagor to said mortgagee, and such
sums n~aybe retained by said aartgagee fran the proceeds of the sale of said pro-
perty as herein authori2ed. ~
~ Md said ~ortgagor further agrees, that if said note or any part thereof re~aains ~
unpaid at maturity, to pa~y all costs, charges, and expenses including, but not
~ restricted to, any attorney's fees connected Mith the collection ttiereof.
~ Md_the said aartgagor hereby waives the benefit of the Homestead and Exea~ption
LaNS of the State of florida upon the abore described property.
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