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~ (CONTINUID FROM PAGE ONE~
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~ (1) Cash tn the amount oi $151,927.6~.
i (2) Ths ptomtsscxy noce dated june 30, 1976, secured by the above raortqaqe,
; said note betnq in the amount o~ S32S, 242.79.
; ;3) 1W other asseta, lt any, owned by tt and addiUona~l to the above.
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~ ~ The tranafers he~ein nwde ere to effect the completE liquidation of this corporaUon
i ; pursusnt to Soction 337 af intecnal Revenue Code.
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; ~ Th~ aasiq~ment herein made o~ all ~ssets of this corporatlon ia 8UBJECT TO the
` i followlnq obli9aclo~s:
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~(a) Dabentwes due june 30, 1991 ~ 5168,000.00
~(bj l~ccrued interest payeble on debentures 140, 563. 33
;(c) Mortqe9e nots and aaartqaqe dated December 15, I975 made
i by Globsl Lsnd and Mlnerals Corporatlon in favor of
! Floride Lsnd 6 Minerals Co~po~atlon, recor~ded tn
Book 2505, paqe 485, cf the O~fic~a! Re~ords vf Palm
B~sch County, Florlda, securinq note for 8, 000.00 '
' (d) Losn due Floctda I.and b Minerals Corporatlon o~ 13,000.00
(ej Accrued tnterest on al~ove (c) and (d) 2,~4~.00 •
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