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TH=8 t.Sr?8$ made this~~r day o! r , 1978, by and ~
bet~reen GULFSTREAM BROADCASTZNG CO., =NC., a Florida corporatlon,
hereinalter called Lessor, which expreesion ahall include the heirs, `
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executors, adminietr~tors, sucaessore and aeeiqne af the named Leesor
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~er~ the contmct ao ad~aits, and MED2A iNV$3TOR8, LTD., a Limited ~
Partnerahip orqanized and exietinq under the laxa o! tne State of
~ Missouri and qua2ltiecl to do buaineee in the State of Florida, herein-
atter called Lessee, Which expression shall include the heirs, execu-
tors, ~diaintstrators, aucceaaors and aeaigns ot the named Leseee
when the context so adm3te. Thia lease e~{dencea the granta, covenants
and aqreements made betxeen the pertiee With reference to the followinq
deacribeA property, hereina~ter reterred to ae •Presaisee", to-wit:
Nest 610 feet of`the Eaat 695 feet of the North 580 teet
of the 3outh 635 teet o~ the 3outAeast quarter ot the
3outheast qu~ucter ot 3ection 6, ToWnsnip 35 3outh,~Ranqe
40 F~t~t, LE33 ~iND EXCBPTZNC3 the 1Peet 247.50 teet ot the
East 332.50 leet ot the North 176.00 feet o! the South
231.00 feet o! the Southeaet quarter of the 3outheast
quarter ot Section 6, ToMnship 35 3outh, Ranqe 40 East, ~
AL30 LE33 AND EXCEPTING all riqhtsrof-way for state roads, r
all lyinq and aituated in 3t. Lucie County, Florida. . _
the area neceseary to accomanodate
TOGETHSR wi1'8/that certain ground syete~a presently beinq
uaed by radio atation 1PFTP-AM in connection With the operation
o! the transmittinq tawere or antennas ot said station, ~
includinq such additione to aaid.qround system aa ia =
n~cessa fn order to can 1 Nith r ~
x'y p y egulationa of the Federal
' Cc~nunicationa Commieaion ptth reepect to increasing the
' poWer ot said stat3on to 5,000 ~ratts. ,
. The I~asor hereby leasee and demises unto the Lessee and the
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$ LessQe hereby hires and t~tkea lrc~n the Lessor the above-deacribed
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i Pr~aisea for a term of lifty (50) yeara commencinq on the date of ~
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~ this Lease aqreetnent, to have and to hold aaid Premisea subject and
~ purau~nt to the tenaa, conditions and covenants set lorth herein:
1. ~ Z'II~TED tJ3E O~F PR~IISES : Lessee covenants and agrees to '
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$ usQ the Pranises solely tor the placement and operation of the . ~
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~ ' tranamitting towers or antennas of radio station NFTP-AM, as the
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~ same now e~cists, and the placement oi such additional transmittinq ~
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~ equipaent as is neceasary to caapl~r With Federal Communicationa ~ +
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Coamnisaion requlationa with respect to an increase to 5,000 watts ~
in po~rer !or said radio station. aTith reapect to such use, Lessee
~ ahall abide by all i~ederal, 3tate and Local qovermaent requlatio ~
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o ~ 3~1 ~2116 ~ ; ! ~
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MCDONALD, KlNNEY A RU8s/1Kli t ~
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