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~ TRUST AGRSffiriBNT
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THIS AiGREEMENT, Made and entered into by and between
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WILLIAM W. ADAMS and ANN$ ADAMS, his wife, whose addrees ie c/o
Gulf Oil Corporation, Gulf Buildinq, Pittsburgh, Pennsylvaniaj
CLIFF W. PEERY and RUTH P$ERY, hia.wife, whoae address is c/o ~
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~ Gulf Oil Corporation, Gulf Building, Pittsburgh, Pennsylvania3
ANDRhW $LLISON and AMSI+IA S. $LLISON, his wife, whose addreas is
c/o Iberian_Gulf Oil Canpany, Marques de Villamagna, 4, 50. Madrid
1, Spain; and A. PAUL YOUNG and BILLI$ Y~OUNG, his wife, whose
address is P. O. Box 694, Boynton Beach, Florida;
W I T N$ S S 13 T H:
WHEREAS, the parties hereto are the owners of lands in
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St. Lucie County, Florida, described in the sheet attached hereto ~
marked Sxhibit "A"; and °
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WHEREAS, said parties have executed a warranty deecl to
; l~e used in conveying said lands to Holiday Out in America at
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~ St. Lucie, ~nc., a Florida corporation, whose address is P. O.
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~Box 161, Stuart, Florida, and ;
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WHEREAS, as a part of the purchase price for said property
said purchaser will execute two purchase money mortgages securing
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promisaory nates in the amount of One Hundred Ninety Five Thousand
($195,000.00) Dollars and ~ro Sundred Sixteen Thousand Ssven Hundred ;
Fifty ($216,750.00) Dollars, respectively, which notes and mortgage8
will be payable to said A. Paul Young, as Trustee, ~
NOW THBREFORE, in consideration of the foregoing mattere
it ia hereby:
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