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INDEBTEDNESS SECURED
This Mortqage is given to secure the payment of the
indebtedness of the MORTGAGOR now or hereafter owing to the
MORTGAGEE under a certain Promissory Note of even date herewith
of which the following is a true copy:
"PROMISSORY NOTE
$472,000.00
December 2~, 1980
FOR VALUE RECEIVED, BARNETTE E. GREENE, JR., and HARIOT H.
GREENE, having an address of 4855 16th Street, Vero Beach,
Florida (the "Maker") hereby jointly and severally promise to
pay to the order of Rebus, Inc., a Delaware corporation (the
"Payee"), at P.O. Box 391, Ashland, Kentucky 41101 or such
other place or places as the Payee or holder hereof may
desiqnate in writing, from time to time, the principal sum of
Four Hundred Seventy Two Thousand Dollars ($472,000.00), in
lawful money of the United States, toqether with interest
accruing thereon from the date hereof at the rates and times
hereinafter provided.
The principal amount of this Promissory Note shall be paid
in one installment of Four Hundred Seventy Two Thousand Dollars
($472,000.00~ on the fourth anniversary of the date hereof.
Interest on the principal amount of this Promissory Note
from time to time outstandinq shall be paid on the first,
second, third and fourth anniversaries of the date hereof at a
rate equal to l0y per annum. Interest shall be computed on the
actual number of days elapsed on the basis of a 365 or 366 day
year, as the case may be.
If any principal or interest on this Promissory Note,
whether by acceleration or otherwise, falls due or payable on a
Saturday, Sunday or public holiday at the place of payment, then
such due date shall be extended to the next succeeding business
day at the place of payment with interest payable on such
business day for the additional nwnber of days elapsed.
This Promissory Note is secured by a Purchase Money
Mortgage of even date herewith covering certain property situate
in St. Lucie County, Florida.
In the event the Maker shall default in the payment of any
interest or principal hereunder on the date such payments are
due, the Payee or holder of this Promissory Note may elect to
declare, and may declare, the entire unpaid principal amount
hereof, toqether with interest accrued thereon, immediately due
and payable.
No delay or omission on the part of the Payee or an~ holder
in exercising any right hereunder shall operate as a waiver of
such right or any other right under this Promissory Note. A
waiver on any one occasion shall not be construed as a bar to or
waiver of any such right or remedy on any future occasion.
In addition to the other sums herein specified, the Maker
shall pay on demand all costs of cdllection and attorney's fees
incurred or paid by the Payee or any holder in enforcing this
Promissory Note when the same has become due, whether by
acceleration or otherwise.
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BO~1K 345 Pact 1392
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