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MORTGAGB 1?tODIFICATION wGRBBMSNT
- THIS AGRBBMBNT ~ade this dsr of June, 1979, by
and betxeen I~lBDIA INVBSTORS, LTD., a Missouri Liaited Partnership
(hereinafter called wedia) and GULFSTRBIU! BROADCASTING CO., INC.,
a Florida Corporation, (hereinafter called Gulfstreaa).
11~RBAS, br l[ort~age Deed dated Dece~ber 22, 1978, Media,
in connection Mith a certain puYChase transactioa executed and
~ deli~ered a Pro~issory Note to Gulfstrean in the principsl asount
of Fi~e Hundred Sixty 1'KO Thousand Ff~e Hundred ; Ho/100 Dollars
t=56Z,S00.00) secured br a purchase ~oneY First Mortgage lien
oa certafn real propertr described in Exhibit A attached hereto;
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MHEREAS, the~~aans,ideration, in p~gt, for the execution
and delivery of said Pro~issorp Note and ~lortgage Mas the fee si~ple
transfer of Parcel A described in Exhibit A attached hereto, free
and clear of anr claias, liens or encuabrances rhatsoe~er, except
taxes for the current year, ~rhich transfer ~as a part of an orerall
llgreeaent betreen the parties hereto for the sale and purchase
of Radio Station IIFTP-AM, rith property. equip~ent and license
pertaining thereto; and
~ 11tiEREAS, the /lgree~ent for such sale and purchase of
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~ said Radio Station has been ~utuaily ~odified by the parties so
~ as to pro~ide that Media assuae the outstanding ~ortgage lien of
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~ Citizans Pederal Sa~ings ~ Loan Association of St. Lucie County
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~ on the property deacribed as Parcel A of Exhibit A attached hereto,
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~ thereb~r ~aking the aortgage given by Media to Gulfstresa a Purchase
~ Moner Second Mortgage lien, and further ~odifyiag the Agreeaent
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; , betreen the parties, thereby resulting in the execution and delivery
~ of a Proaissory Note in the principal aaount of ;50,000.00 fros
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~ ~tedia to Gulfstreaa as aore particularly set forth ia Bshibit B
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; sttached hereto and the executfon and delivery of a Proaissorp
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Note in the aaount of approziaatelr ?'hree Hundred Ninetr Thousand
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~ One Hundred T~renty and 61/100 (=390,120.61) as ~ore particulsrlr
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