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in which such death occurs, uaon such payment the estate shall
have no further interest in the partnership or its business or
assets. If the continuing partner does not elect to purchase
the interest of the deceased partner, the parties then shall
promptly sell the property and commence to wind up its affairs
and to distribute its assets in liquidation under the supervision
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of the surviving partner and a representative of the estate of
the deceased partner. All profits and losses and liquidation
shall be allocated equally among the surviving partners and the
estate of the deceased partner. In such liquidation, the part-
nership shall first pay all its debts, then pay credit balance
in the drawing accounts of the partners and finally distribute
all other proceeds against the capital accounts of the partners.
IN WITNESS WHEREOF, the parties have signed and sealed this
Agreement the date and year first above written.
• LUCIELAND CORPORATION, a Florida
Corporation , -
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TAN HICKS, President '
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~ CIUS P. WHEELER, JR.
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STATE OF FLORIDA
~ COUNTY OF ST. LUCIE
BEFORE 2!IE appeared, this 17th day of April, 1979, Stanley Hicks, and 3
he certified under oath that he is the President of Lucieland Corpora-
tion and that his signature appears on the foregoing Partnership Agree-
~ ment and was affixed by him to the said Partnership Agreement on July
8, 1977. ~ ~ i
'COP.^~P,
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Stat.~;;9~f .3?1~~~.da at Large
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