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Heli~opter Chattel l~ortqaqe _ n~Y-~'a~ ~~r.~~:K ~ S~~J
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44 412.40 U CO•~~~ 413~ER~`''~'~~~ ' Apacil 15, 1967
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Sl~awnes aroves Corporation, the underaigned 1Kortqaqor, pacomises t~ pay to
The P'hiladelphia National Bank, Truatee the Aseociated Coca-Cola Bottlinq
Co., Inc. lrl~aster Pension Truat. Philadelghia, Pennsylvania, Fo~ty Four
Thousand, Four gundred ~elve and 40/100 Dollara with interest at the rate
of six and one half (6'~) per cent per annum, payable i~ sixtean equal quar-
terly installments; the firet sucb inetallment of pacincipal and interest in
the anaunt of $3,174.61 becominq due and payable July 15, 1967 with like
an8 equa~l installmenta becominq due and payable quarterly. thereafter until
the full amount of said note includinq interest and leqal fees arisinq out
of default or breach of this agreement are paid in full. In the event the
Mortgsqor fafls to pay any installment that becomes due and payable, the
entis: "~id bal~ince of said note will become immediat$ly due and payable. _
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Ti~~~ •0~~~ cret Title: Preaident
And said,~hawnee Groves Corporation as Mortgaqor for the purpose of se-
curing the p~ompt and full payment of the same at maturity, do qive unto
The P~hiladelghia National Bank, Trustee the Associated Coca-~ola Bottling
Co., Inc. Master Penaion Trust, its heirs, succesaora and aesiqns, a mort-
qage lien upon the foilowinq p~operty, now in the Mortgagor•s posaeeaion,
custody, and control, in the County of St. Lucie and State of Florida,
to-wit:
(1) M~del 4~G-5 Bell 8elicopter, Serial No. 7805, Reqiatration
N-85b3F, 8quipped with: Elevator 47-706-485-9, Shoulder
Harnesa 47-706-645-5 and Ag Master 47-706-645-3
(2) 1Kodel 47G-5 Bell Helicopter, Serial No. 7802, Reqistration
N-8558F, 8quipped with: $levator and Deluxe Interior
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And said Mortqagor, Shawnee Grovea Corporation d'oes hereby warrant and
rep~esent that they have full right and power to encumber said p~operty
as above set forth, and that the same is free and clear of all other
mortgaqea, liens or encumbrances, of ariy kind or nature whatsoever.
And said Mortgagor agrees, so lonq as mortgaqe is in effect, to keep such
peraonal property inaured with app~oved companies in such amounts and
aqainst auch hazards as the mo=tgagee may require for the benefit of the
mortqaqor and mortqaqee as their interest may appear. In case said mort-
gaqor shall neqlect or refuae to obtain ~uch inaurance, then said mort-
gaqee, its successors or assiqns, may at ite or their option, obtain auch
insurance, and all suma of money thus expended or advanced by said mort-
qaqee ahall be and are hereb~y once herein secured by theae p~eaents, and
said sums shall be payable~with interest from the date of advancement at
the rate of 6~96 per annum ugon demand from said mortqaqor to said mort-
qaqee, and euch sums maybe retained by said mortqagee froan the p~oceeds.
of the sale of said paropexty as herein authorized.
And said Mortqaqo= further agrees, that if said note or any part thereof
remaiana unpaid at maturity, to pay all costs, charges, and expenses in-
cludinq, but not reatricted to, ariy attorney's fees connected with the
collection thereof.
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