5. Below is a note which your client, Robinson Real Estate, Inc., obtained from Grant in connection with Grant's purchase of a homesite located in Bangor, Maine. The note was given for the balance due on the purchase and was secured by a first mortgage on the

homesite

$17,000.00

Bangor, Maine

November 1. 1982

For value received, five years after date, I promise to pay to the order of Robinson Real Estate, Inc., SEVENTEEN THOU SAND and 00/100 DOLLARS with interest at 15% compounded annually until fully paid. This instrument arises out of the sale of land located in Maine and the law of Maine is to be applied to any question which may arise. It is secured by a first mortgage on the land conveyed. It is further agreed that:

Purchaser will pay the costs of collec tion including attorney's fees upon de-fault.

Purchaser may repay the amount outstanding on any anniversary date of this note.

This note is subject to such implied conditions as are applicable to such notes.

.+ Hrent

Robert Grant

This note is a a.

A. Nonnegotiable promissory note since it is secured by a first mortgage.

B. Nonnegoriable promissory note since it permits prepayment and requires the maker's payment of the costs of collection and attorney's fees.

C. Negotiable promissory note.

D. Negotiable investment security under the

Uniform Commercial Code.