HomeMy WebLinkAbout0394 EXHTBIT B .
This exhibit forms an integral part of Security Agreement
dated July -L~., , 1974, between (~ulfstream Broadcasting ~u. , iri~. ,
f
a Florida Corporation, Debtor, and Global Development, Inc., ~
rt securin promissory note in
Washington, Pennsylvania, Secured Pa y, 8 ~
the principal amount of Four Hundred Thousand Dollars ($400,000.00).
The collateral covered by this Security Agreement is as f
,
;
follows:
1. All structures, including the building, transmission
towers, and all other personal property located on the real estate
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described as follows: - ~
;
Parcel l• ~
e est•400 feet of the East 695 feet of the North 280 feet of the ~
South 305 feet of SE 1/4 of SE 1/4.of Section 6, Township 35 South,
Range 40 East, being otherwise described as Lots 1 through 6 inclusive
and Lots 13 through 18 inclusive of Block 17 of an unrecorded plat of
SLOAN HEIGHTS; and _
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Parcel 2: ~
e est 610 feet of the East 695 feet of the North 280 feet of the
South 635 feet of SE 1/4 of SE 1/4 of Section 6, Township 35 South,
Range 40 East, being otherwise described as Block 16 of an unrecorded
plat of SLQAN HEIGHTS; and
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~ Parcel 3:
e est 610 feet of the East 695 feet of the North 50 feet of the
C South 355 feet of the SE 1/4 of SE 1/4 of Section 6, Township 35
` South, Range 40 East, being otherwise described as a SD foot strip
~ of land lying between Blocks 16 and 17 of an unrecorded plat of SLOAN
HEIGHTS; and
Parcel 4:
eginning 85 feet West and 25 feet North of the SE corner of Section
6, Township 35 South, Range 40 East, run West280~feetttohtheepointhof
280 feet, thence East 210 feet, thence South
beginning; being Lots 7 to 12 both inclusive of Block 17 of SLOAN
HEIGHTS, an unrecorded plat.
T4GETHER w•ith an easementtherfollowingndescgibed propertybove described
property over and across
~ West 50 feet of East 745 feet of North 660 feet of
~ South 685 feet and also North SO feet of South 685
~ feet of West 610 feet of East 695 feet of SE 1/4
~ of SE 1/4, Section 6, Township 35 South, Range 40
East. Which easement shall be in common with the
~ public in general.
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~ LESS AND EXCEPTING that certain right-of-way deeded to the State Road
~ Department of the State of Florida recorded in 0. R. Book 61, age
~ 74, of the public records of St. Lucie County, Florida, wherein the
~ following portion of the above described property was conveyed to the'
~ State of Florida for road purposes, to-wit: j
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