REAL ESTATE NOTE

 

                                                                 EXHIBIT 10.5.13
                                        

                               REAL ESTATE NOTE B

$750,000.00                                                     Atlanta,Georgia
                                                                January 30, 1997

       FOR VALUE RECEIVED, THE UNDERSIGNED Roberts Properties Residential,
L.P., a Georgia limited partnership, whose sole general partner is Roberts
Realty Investors, Inc., a Georgia corporation (the "Maker") promises to pay to
the order of WEST COAST LIFE INSURANCE COMPANY, a California corporation, its
successors and assigns (the "Holder") the principal sum of  SEVEN HUNDRED FIFTY
THOUSAND AND NO/100 DOLLARS ($750,000.00), together with interest on the
principal balance of this Real Estate Note (the "Note"), from time to time
remaining unpaid, from the date of disbursement by the Holder hereof at the
applicable interest rate hereinafter set forth, together with all other sums
due hereunder or under the terms of the Security Deed (as hereinafter defined)
in lawful money of the United States of America which shall be legal tender in
payment of all debts at the time of payment.  Both principal and interest and
all other sums due hereunder shall be payable at the office of the Holder c/o
Nationwide Life Insurance Company, at One Nationwide Plaza, Columbus, Ohio
43215-2220, Attn: Real Estate Investment Department, or at such other place
either within or without the State of Ohio, as the Holder hereof may from time
to time designate.  Said principal and interest shall be paid over a term, at
the times, and in the manner set forth below, to wit:

Payment Provision:

       (i)     Interest accrued on the unpaid principal balance of this Note,
               from the date of disbursement hereof at the rate of 7.14%
               percent per annum, shall be due and payable on February 15,
               1997.

       (ii)    Thereafter, principal and interest on the unpaid principal
               balance of this Note at the rate of 7.14% percent per annum
               shall be paid in one hundred nineteen (119) consecutive monthly
               installments commencing on March 15, 1997 and continuing on the
               fifteenth day of each calendar month thereafter, with each such
               installment to be in the sum of Five Thousand Sixty and 48/100
               Dollars ($5,060.48).

Maturity:

       The unpaid principal balance of this Note and all accrued unpaid
interest thereon, if not sooner paid, shall be due and payable in full on
February 15, 2007 (the "Maturity Date").

Application of Payments:

       All payments shall be applied first to the payment of accrued unpaid
interest on this Note and the balance, if any, shall be applied to the
reduction of the outstanding principal balance of this Note.  Interest due
hereunder shall be calculated on the basis of a 360-day year composed of twelve
(12) thirty (30) day months; provided, in no event shall such calculation cause
the interest rate on this Note to exceed the maximum rate permitted under
applicable law.

Late Payment Charge:

       The Holder of this Note may collect a late payment charge, prior to the
acceleration of this Note, in an amount equal to five percent (5%) of the
aggregate monthly installment which  is not paid on the due date, for the
purposes of covering the extra expenses involved in handling delinquent
installments.  Any full payment of principal and/or interest which is
postmarked by the United States Postal Service on or before the due date shall
not be considered delinquent and a late payment charge shall not be assessed.

Prepayment:

       (A) Maker shall have the right to prepay, in full but not in part, the
obligation evidenced by this Note upon giving (i) not less than thirty (30)
days' prior written notice to Holder of Maker's intention to so prepay the
Note, and (ii) payment to Holder of the Prepayment Premium (as hereinafter
defined), if any, then due to Holder as hereinafter provided.  As used herein,
the term "Prepayment Premium" shall mean the greater of (x) one percent (1.0%)
of the outstanding principal balance of this Note, or (y) a sum equal to (a)
the present value of the scheduled monthly payments hereunder from the date of
prepayment to the Maturity Date and (b) the present value of the amount of
principal and interest due on the Maturity Date (assuming all scheduled monthly
payments due hereunder prior to the Maturity Date were made when due), minus
(c) the outstanding principal balance hereof as of the date of prepayment.  The
present value described in (a) and (b) of the immediately preceding sentence
are to be computed on a monthly basis as of the date of prepayment, discounted
at the yield to maturity of the U.S. Treasury Note or Bond that is closest in
maturity to the Maturity Date as reported in the Wall Street Journal (or if the
Wall Street Journal is no longer published, as reported in such other daily
financial publication of national circulation which shall be designated by
Holder) on the fifth (5th) business day preceding the date of prepayment.
Maker shall be obligated to prepay this Note on the date set forth in the
notice to Holder required hereinabove, after such notice has been delivered to
Holder.  Notwithstanding the foregoing or any other provision herein to the
contrary, if the Holder elects to apply insurance proceeds, condemnation awards
or any escrowed amounts, if applicable, to the reduction of the principal
balance of this Note in the manner provided in the Security Deed (as
hereinafter defined), no Prepayment Premium shall be due or payable as a result
of such application, and the monthly installments due and payable hereunder
shall be reduced accordingly.

       (B) In the event the Maturity Date of the indebtedness evidenced by this
Note is accelerated by Holder hereof at any time due to a default by Maker in
the terms, covenants or conditions contained in this Note, the Security Deed or
any of the other Loan Document (as hereinafter defined), then a tender of
payment of an amount necessary to satisfy the entire outstanding principal
balance and all accrued unpaid interest of this Note made by Maker, or by
anyone on behalf of Maker, at any time prior to, at, or as a result of, a
foreclosure sale or sale pursuant to power of sale shall constitute a voluntary
prepayment hereunder prior to the contracted Maturity Date of this Note  thus
requiring payment to Holder of a Prepayment Premium equal to the applicable
Prepayment Premium as set forth in subparagraph (A) above.

       (C)     Maker acknowledges that Holder (a) has advanced the amounts
evidenced by this Note with the expectation that such amounts would be
outstanding until the Maturity Date unless prepaid in accordance with the
foregoing prepayment provisions, (b) would not have been willing to advance
such amounts on the terms set forth in this Note for a shorter period of time,
(c) in making the loan evidenced by this Note, is relying on Maker's
creditworthiness and its agreement to pay in strict accordance with the terms
set forth in the Note, and (d) would not make the loan without full and
complete assurance by Maker of its agreement not to prepay all or a part of the
principal of this Note except as expressly permitted herein.  Maker
acknowledges that if this Note were to be prepaid prior to the Maturity Date
other than in accordance with the foregoing prepayment provisions, Maker would
not receive the benefit of the bargain agreed to by Maker and Holder.  In
addition, Maker has been advised and acknowledges that Holder is relying on the
receipt of payments under this Note to, among other things, match and support
its obligations under contracts entered into by Holder with third parties and
that in the event of a prepayment, Holder could suffer loss and additional
expenses which are extremely difficult and impractical to ascertain.  The
Prepayment Premium is a good faith resolution by Maker and Holder of the
damages Holder would suffer, and it is not intended as a penalty.

       (D)     Notwithstanding anything in this "Prepayment" section of this
Note to the contrary, Maker may prepay in full, but not in part, the obligation
evidenced by this Note at any time during the last ninety (90) days prior to
the Maturity Date without any prepayment premium.

                                     - 2 -

       BY INITIALING BELOW, MAKER EXPRESSLY ACKNOWLEDGES THAT PURSUANT TO THE
PROVISIONS OF THIS NOTE, MAKER HAS NO RIGHT TO PREPAY THIS NOTE IN WHOLE OR IN
PART WITHOUT PAYMENT OF THE PREPAYMENT PREMIUM EXCEPT AS SET FORTH ABOVE, AND
THAT MAKER SHALL BE LIABLE FOR THE PAYMENT OF THE PREPAYMENT PREMIUM UPON ANY
PAYMENT OF THE OUTSTANDING PRINCIPAL OF THIS NOTE BEFORE ITS DUE DATE, WHETHER
VOLUNTARY OR INVOLUNTARY OR AFTER ACCELERATION OF THE NOTE WHETHER THE
ACCELERATION OF THE MATURITY HEREOF IS DUE TO MAKER'S DEFAULT OR OTHERWISE.
FURTHERMORE, BY INITIALING BELOW, MAKER WAIVES ANY RIGHTS IT MAY HAVE UNDER ANY
APPLICABLE STATE LAWS AS THEY RELATE TO ANY PREPAYMENT RESTRICTIONS CONTAINED
IN THIS PREPAYMENT SECTION OR OTHERWISE IN THIS NOTE AND EXPRESSLY ACKNOWLEDGES
THAT HOLDER HAS MADE THE LOAN IN RELIANCE UPON SUCH AGREEMENTS AND WAIVER OF
MAKER AND THAT HOLDER WOULD NOT HAVE MADE THE LOAN WITHOUT SUCH AGREEMENTS AND
WAIVER OF MAKER.   MAKER ACKNOWLEDGES THAT SPECIFIC WEIGHT HAS BEEN GIVEN TO
THE CONSIDERATION GIVEN FOR SUCH AGREEMENTS, WHICH CONSIDERATION IS THE
GRANTING OF THE LOAN.

                                                                   /s/ CSR
                                                             -------------------
                                                             Borrower's initials

Additional Conditions:

       This Note is secured by a Deed to Secure Debt and Security Agreement
(herein referred to as the "Security Deed") and by an Assignment of Leases,
Rents and Profits (herein referred to as the "Assignment") of even date
herewith encumbering certain real property located in Gwinnett County, Georgia
and other property as more particularly described in the Security Deed
(hereinafter collectively referred to as the "Property").  The Security Deed
and the Assignment contain terms and provisions which provide grounds for
acceleration of the indebtedness evidenced by this Note, together with
additional remedies in the event of default hereunder or thereunder.  Failure
on the part of the Holder hereof to exercise any right granted herein or in the
aforesaid Security Deed or the Assignment shall not constitute a waiver of such
right or preclude the subsequent exercise and enforcement thereof.  This Note,
the Security Deed, the Assignment and all other documents and instruments
executed as further evidence of, as additional security for, or executed in
connection with the indebtedness evidenced by this Note are hereinafter
collectively referred to as the "Loan Documents."

       Except as otherwise provided, all parties to this Note, including
endorsers, sureties and guarantors, hereby jointly and severally waive
presentment for payment, demand, protest, notice of protest, notice of demand
and of nonpayment or dishonor and of protest, notice of intent to accelerate
the maturity of this Note, notice of acceleration of maturity of this Note, and
any and all other notices and demands whatsoever, and agree to remain bound
hereby until the principal and interest of this Note are paid in full,
notwithstanding any extensions of time for payment which may be granted by
Holder, even though the period of extension be indefinite, and notwithstanding
any inaction by, or failure to assert any legal rights available to the Holder
of this Note.

       If the obligations evidenced by this Note, or any part thereof, are
placed in the hands of an attorney for collection, whether by suit or
otherwise, at any time, or from time to time, Maker shall be liable to Holder,
in each instance, for all costs and expenses incurred in connection therewith,
including, without limitation, reasonable attorneys' fees (as hereinafter
defined).

Default:

       If default shall be made in the payment of principal and/or interest as
stipulated above or in the payment of any other sums due hereunder or under any
of the other Loan Documents, or should any default be made in the performance
of any of the terms, covenants and conditions contained herein or in any of the
other Loan Documents, then in any or all of such events, at the

                                     - 3 -

option of Holder, the entire outstanding principal balance of this Note,
together with all accrued unpaid interest thereon and all other sums advanced
by Holder on behalf of Maker shall become and be immediately due and payable
then or thereafter as Holder may elect, regardless of the Maturity Date hereof.
All such amounts shall bear interest after the Maturity Date, by acceleration
or otherwise, at the lesser of either (i) the highest rate of interest then
allowed by the laws of the State of Georgia, or, if controlling, the laws of
the United States, or (ii) the then applicable interest rate of this Note plus
five-hundred (500) basis points (five per cent per annum).

       During the existence of any default, Holder may apply any sums received,
including but not limited to, insurance proceeds or condemnation awards to any
amount then due and owing hereunder or under the terms of any of the other Loan
Documents as Holder may determine.  Neither the right nor the exercise of the
right herein granted unto  Holder to apply such proceeds as aforesaid shall
preclude  Holder from exercising its option to cause the  entire indebtedness
evidenced by this Note to become immediately due and payable by reason  of
Maker's default under the terms of this Note, or any of the other Loan
Documents.

       Notwithstanding any provisions herein to the contrary, Holder's right,
power and privilege to accelerate the maturity of the indebtedness evidenced
hereby shall be conditioned upon, (a) with respect to any Monetary Default (as
hereafter defined), Holder giving Maker written notice of such Monetary Default
and a five (5) day period ("Monetary Cure Period") after the date of such
notice within which to cure such Monetary Default; provided, however, that such
Monetary Cure Period shall be limited to once per loan year for the term of the
Loan; and (b) with respect to any Non- Monetary Default (as hereinafter
defined), Holder giving Maker written notice of such Non-Monetary Default and a
thirty (30) day period after the date of such notice within which to cure such
Non-Monetary Default; provided, however, that if such Non-Monetary Default
cannot reasonably be cured within the 30 day period Maker shall have a
reasonable period of time in which to cure the Non-Monetary Default provided
that Maker commences the cure of such default within the 30 day period and
thereafter diligently pursues the cure to completion.  Any notice required
hereunder shall be given as provided in the Security Deed.  Holder shall have
no obligation to give Maker notice of any Incurable Default (as hereinafter
defined) prior to exercising its right, power and privilege to accelerate the
maturity of the indebtedness evidenced hereby and to declare same to be
immediately due and payable and exercise all other rights  and remedies herein
granted or otherwise available to Holder at law or in equity.  As used herein,
the term "Monetary Default" shall mean any default which can be cured by the
payment of money including, but not limited to, the payment of principal and
interest due under this Note and the payment of taxes, assessments and
insurance premiums when due as provided in the Security Deed.  As used herein,
the term "Non-Monetary Default" shall mean any default which is not a Monetary
Default or an Incurable Default.  As used herein, the term "Incurable Default"
shall mean (i) any voluntary or involuntary sale, assignment, encumbering or
transfer in violation of the covenants of Section 30 the Security Deed or (ii)
if Maker or its general partner should make an assignment for the benefit of
creditors, become insolvent, or file a petition in bankruptcy (including but
not limited to, a petition seeking a rearrangement or reorganization).

Savings Clause; Severability:

       Notwithstanding any provisions herein or in the Security Deed to the
contrary, the total liability for payments in the nature of interest including
but not limited to Prepayment Premiums, default interest and late fees shall
not exceed the limits imposed by the laws of the State of Georgia or the United
States of America relating to maximum lawful rate of interest.  Holder shall
not be entitled to receive, collect or apply, as interest on the indebtedness
evidenced hereby, any amount in excess of the maximum lawful rate of interest
permitted to be charged by applicable law or regulations, as amended or enacted
from time to time.  In the event Holder ever receives, collects or applies, as
interest, any such excess, such amount which would be excessive interest shall
be applied to reduce the unpaid principal balance of the indebtedness evidenced
by this Note.  If the unpaid principal balance of such indebtedness is paid in
full, any remaining excess shall be forthwith paid to Maker.  If any clauses or
provisions herein contained operate or prospectively operate to invalidate this
Note, then such clauses or

                                     - 4 -

provisions only shall be held for naught, as though not herein contained and
the remainder of this Note shall remain operative and in full force and effect.

Exculpation:

       Except as expressly set forth herein, the liability of Maker with
respect to the payment of principal and interest hereunder shall be
"non-recourse" and, accordingly, Holder's source of satisfaction of said
indebtedness and Maker's other obligations hereunder and under the other Loan
Documents shall be limited to the Property and Holder's receipt of the rents,
issues and profits from the Property.  Holder shall not seek to procure payment
out of any other assets of Maker, or any person or entity comprising Maker, nor
to seek judgment (except as hereinafter provided) for any sums which are or may
be payable under this Note or under any of the other Loan Documents, or for any
claim or judgment (except as hereinafter provided) for any deficiency remaining
after foreclosure of the Security Deed.  Notwithstanding the above, nothing
herein contained shall be deemed to be a release or impairment of the
indebtedness evidenced by this Note or the security therefor intended by the
other Loan Documents, or be deemed to preclude Holder from exercising its
rights to foreclose, or exercise the power of sale in, the Security Deed or to
enforce any of its other rights or remedies under the Loan Documents.

       Notwithstanding the foregoing, it is expressly understood and agreed
that the aforesaid limitation on liability shall in no way affect or apply to
Maker's continued personal liability for:

       (1)     fraud or misrepresentation made in or in connection with this
               Note or any other Loan Documents;

       (2)     failure to pay taxes prior to delinquency or to pay assessments
               prior to delinquency, or to pay charges for labor, materials or
               other charges which can create liens on any portion of the
               Property;

       (3)     the misapplication of (i) proceeds of insurance covering any
               portion of the Property, or (ii) proceeds of the sale or
               condemnation of any portion of the Property or (iii) rentals
               received by or on behalf of Maker subsequent to the date on
               which Holder makes written demand therefor pursuant to any of
               the Loan Documents;

       (4)     causing or permitting waste to occur on, in or about the
               Property, and failure to maintain the Property, excepting
               ordinary wear and tear;

       (5)     loss by fire or casualty to the extent not compensated by
               insurance proceeds collected by Holder;

       (6)     the return to Holder of all unearned advance rentals and
               security deposits paid by tenants of the Property and not
               refunded to or forfeited by such tenants;

       (7)     the return to Holder of any and all fees paid to Maker by
               tenants of the Property which fees permit tenants to terminate
               their leases;

       (8)     the return of, or reimbursement for, all personalty owned by
               Maker taken from the Property by or on behalf of Maker, out of
               the ordinary course of business, and not replaced by items of
               equal or greater value than the original value of the personalty
               so removed;

       (9)     all court costs and reasonable attorneys' fees actually incurred
               which are provided for in this Note or in any other Loan
               Document;

       (10)    (i) the removal of any chemical, material or substance, exposure
               to which is prohibited, limited, or regulated by any Federal,
               State, County, Regional or Local Authority which may or could
               pose a hazard to the health and safety of the

                                     - 5 -

               occupants of the Property regardless of the source of
               origination; (ii) the restoration of the Property to comply with
               all governmental regulations pertaining to hazardous waste found
               in, on or under the Property, regardless of the source of
               origination; and (iii) any indemnity or other agreement to hold
               the Holder harmless from and against any and all losses,
               liabilities, damages, injuries, costs and expenses of any and
               every kind arising under Paragraph 3 of the Security Deed
               including, but not limited to, that certain Environmental
               Indemnity Agreement from Maker to Holder of even date herewith.
               Maker shall not be liable hereunder if such materials were
               placed on the Property subsequent to the date of acquisition of
               the Property by foreclosure of the Security Deed by Holder or
               acceptance of a deed in lieu thereof, or relinquishment of
               control of the Property pursuant to a transfer approved in
               writing by Holder; provided that such transferee assumes in
               writing all obligations of Maker pertaining to Hazardous
               Materials (as defined in the Security Deed) pursuant to the Loan
               Documents.  Liability under this subparagraph shall extend
               beyond the repayment of this Note and compliance with the terms
               of the Security Deed, unless at such time Maker provides Holder
               with an environmental assessment report acceptable to Holder
               showing the Property to be free of Hazardous Materials and not
               in violation of Hazardous Waste Laws (as defined in the Security
               Deed).  Maker shall bear the burden of proof in establishing the
               date on which any such Hazardous Materials were placed or
               appeared in, on or under the Property.

       (11)    (a) any and all costs incurred in order to cause the Property to
               comply with the applicable accessibility provisions of The Fair
               Housing Act of 1988, as the same may now or hereafter be
               amended, and any and all rules and regulations that may now or
               hereafter be promulgated in connection with said acts, and (b)
               any indemnity or other agreement to hold the Holder harmless
               from and against any and all losses, liabilities, damages,
               injuries, costs and expenses of any and every kind arising under
               Paragraph 3 of the Security Deed regarding accessibility for the
               disabled or handicapped or under the Accessibility Indemnity
               Agreement from Maker to Holder of even date herewith; provided,
               however, Maker shall not be liable for compliance with any
               accessibility laws that first become effective, or for any
               violation of any accessibility laws resulting from alterations
               or improvements to the  Property that are performed, subsequent
               to Holder's actually taking possession of the Property pursuant
               to foreclosure of the Security Deed or acceptance of a deed in
               lieu thereof, or subsequent to any transfer of ownership of the
               Property that has the prior written approval of Holder; provided
               that such transferee assumes in writing all obligations of Maker
               with respect to compliance with accessibility laws under the
               Security Deed and Accessibility Indemnity Agreement.

       (12)    obligation of Maker  for the face amount of any letter of credit
               held by Holder  and delivered by Maker in connection with the
               loan evidenced by this Note in the event Holder is unable to
               collect the full amount of any such letter of credit for any
               reason.

       The obligations of Maker in subparagraphs (1) through (12) above, except
as provided in subparagraphs (10) and (11), shall survive the repayment and
satisfaction of this Note and compliance with the terms of the Security Deed.

       Notwithstanding any provisions herein to the contrary, Maker shall
become personally liable for the entire amount due under this Note (including
all principal, interest and other charges) in the event that Maker (i) violates
the covenants set forth in the Security Deed governing the placing of
subordinate financing on the Property or (ii) violates the covenants set forth
in the Security Deed restricting transfers in the Property or transfers of
ownership interests in Maker.

                                     - 6 -

         Reference is made to that certain Guaranty (the "Guaranty") dated of
even date herewith from Roberts Realty Investors, Inc. in favor of Nationwide
Life Insurance Company and West Coast Life Insurance Company which Guaranty is
being executed and delivered in connection with the loan evidenced by this Note
and Real Estate Note A referenced below in favor of Nationwide Life Insurance
Company.  Notwithstanding anything in this Note or any other Loan Document to
the contrary, the foregoing provisions of this Exculpation section shall be
inapplicable and of no force and effect until such time as the Guaranty
terminates as provided in paragraph 4.08 of the Guaranty.

Miscellaneous:

       As used herein, the phrase "reasonable attorneys' fees" shall mean fees
charged by attorneys selected by Holder based upon such attorneys' then
prevailing hourly rates as opposed to any amount or percentage specified by any
statute then in effect in the State of Georgia.

       THE PROVISIONS of this Note shall be governed by the laws of the State
of Georgia and the United States and shall be binding upon the Maker, its
successors and assigns and shall inure to the benefit of  Holder, its
successors and assigns.  Time is of the essence of this contract.

       This Note is one of a series of two notes of even date herewith executed
by the undersigned, both being secured by the Security Deed and other security
instruments in favor of the Holder of this Note.  The other such note is
designated Real Estate Note A and has been executed by the undersigned in favor
of Nationwide Life Insurance Company and is in the original principal sum of
Five Million Six Hundred Seventy Thousand and No/100 Dollars ($5,670,000.00).
Real Estate Notes A and B shall be of equal dignity and it is expressly
stipulated and agreed that a default under the terms of either of said Notes
shall constitute an event of default under both of said Notes authorizing the
holders of said Notes to accelerate the maturity of both of said Notes and to
exercise all rights and remedies granted to holders under the Notes, the
Security Deed and any other security instruments securing the payment of the
Notes.  It is further stipulated and agreed that notwithstanding the prepayment
privilege contained in this Note, the undersigned shall have no right to prepay
this Note unless the undersigned also elects to prepay Real Estate Note A in
accordance with the prepayment provisions contained therein.

       IN WITNESS WHEREOF, the undersigned has executed this Note under seal as
of the day and year first above written.

                                   Roberts Properties Residential, L.P., a 
                                   Georgia limited partnership
                                
                                   By:      Roberts Realty Investors, Inc.,  
                                            its sole General Partner
                                
                                
                                
                                            By:     /s/ Charles S. Roberts
                                                    ----------------------
                                               Name:  Charles S. Roberts
                                               Title:  President
                                
                                                    (CORPORATE SEAL)

                                     - 7 - 

Basic Info X:

Name: REAL ESTATE NOTE
Type: Real Estate Note
Date: March 17, 1997
Company: ACRE REALTY INVESTORS INC
State: Georgia

Other info:

Date:

  • January 30 , 1997
  • February 15 , 1997
  • March 15 , 1997
  • February 15 , 2007

Organization:

  • UNDERSIGNED Roberts Properties Residential
  • Holder co Nationwide Life Insurance Company
  • One Nationwide Plaza
  • Real Estate Investment Department
  • State of Ohio
  • United States Postal Service
  • Holder of Maker
  • U.S. Treasury Note
  • Maker and Holder
  • Maturity Date hereof
  • Accessibility Indemnity Agreement
  • West Coast Life Insurance Company
  • State of Georgia
  • Roberts Realty Investors , Inc.

Location:

  • California
  • Columbus
  • Ohio
  • Gwinnett County
  • United States of America
  • State of Georgia
  • L.P.

Money:

  • $ 750,000.00
  • $ 5,060.48
  • $ 5,670,000.00

Person:

  • Charles S. Roberts

Percent:

  • 7.14 % percent
  • five percent 5 %
  • one percent 1.0 %