HomeMy WebLinkAbout0740 North 30 feet of South 55 feet af West 610 feet of
East 695 feet of SE 1/4 of S~ 1/4 ef Section 6,
Township 35 South, Range 40 East.
2. All of the right, title an3 interest of the Deb tor in,
to and under that certain Lease Agreement dated November 1, 1969,
between Fort Pierce Broadcasting Co. and Howe Enterprizes, Inc., a
copy of ~hich is attached hereto and marked Exhibit "B-1".
3. All equipment, furniture, furnishings and other
personal property listed in Exhibit "B-2", attached to and made a
part hereof. ~
4. All structures, equipment and personal property, ~[~I~t ~
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~IXXXXiC~C~EttX~(9CX~[~(~TX~[~Cdi3ClC3C used in the operation of Radio Broadcasting
S~ations WARN and W~1RN-FMs whether or not same are specifically
described in this Security Agreement.
S. Fol?owing a default hereunder and acceleration of
payment of the indebtedn~ss secured h~reby, Debtor agrees to execute
such documents and perform such other acts ~s may be necessary ta
effectuate the transfer of all FCC Licenses and related authorizations
of Standard Broadcast Station WARN_and FM Broadcast Station WARN-FM
to any person or corporat~on designated by the Secured Party, pro-
; vided the person or corporation dPsignated has been approved by
{ the FCC to own and h~ld said licenses and related authorizations..
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6. The cellateral will be located at 3850 Metzger Road,
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Fort Pierce, Florida, upon the real estate hereirtabove described.
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