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i . , Pa01~I3SOftY NOri'8 ~ ~
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~~20.61 Fort ti~rc~, Piosida, Joa~ Z!, 1~75~ .
~e~t. >s ° ,
POR r/1LUB 1tBC8IVBD. th~ uad~ss~~dipYO~ia llesi~r_1 ,
to .t,~ ~si~r e~ GtlLFBTRBAM DAOADCAS?ING ~1 ;
q~spssation, the priacipal sw of Ths~~ Muadt~d N~u~tr- Thats~
Ow~. Hoads~d 'ihnnty and 61/100 (=3lO,iZ0.61), to~~th~r ~rith i~t~r~st
th~s~os fsoa date at the rat~ of 8~k1 per sanu~, uatil ~tatusitr, •
b~ i~. pa~?abie in laxful ~on~r of the ~Jnited States o~ As~sica.
o~~~ ni~al~nt, at S1S Sonth Indisn Rirer Dri~~. P~st Pi~sc~,
F.~~~~5450,_ oi at such. other piace as th~ Par~• au?y dir~ct,-
f~ Ntitin~, said obiitstion to be payabie on t1i~ dat~s i~ th~
a~o~q?ts sp~cified belor, to rit: -
,.~n. `;:~owacia oa S~pte~b~r. Z9, 1979. tlt~ ~wt of =~,046.Z4,
~~~p~r•s~at~ns ~ster~~t oAlr on the uapaid priscipal .
. balasc~ and a iike sw= on Dsc~a~ber Z9,, ~ 1~7l; t1~~s~aft~: =
;~~acias oa• M+asch Z9~ 1979, principai aad ist~r~st ~
~i ,!a~sts sufficient to~fuilr par this Prasisso 114t~
~fs full ia fift~en (iS) rears in the auwat of~11,356.41,
~.,~~ud a like sn~ on th~~.saae dar of each succ~ed~ thisd
~,;,~o~?th thsonsb aad includin~ S~pte~bei 1994: apd en~
~ •;~last psyaent dne on Dec~~ber 29, 1994 fos th~~balanc~
- :~~n~ on principal aad isterest in th~_ uount of =11,356.41.
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is tbe erent quart~riy instali~eat is aot paid iw #uli
~a and s~uias unpaia for a period of fift~es tiS~ days
t1Ns~aft~r. the 1~laak~r, at .the option of the lare~, shall pay
a:."14~i chas~e" ao! ~sc~~dia~ t~ro (2) p~r c~st~ of aa~r_ said
- t r~jat~~qnarterir instail~aent, pro~ided th~t in no ~reat shsii
a~a~~ chu~s sesult in th~ pa~~nt of f~t~~est in ~zcess -of
tha ~,~ci~mi inteiest by lar.
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r_~. lRalcer shall furni?sh to Paree tbe foilewins financial
su~~u~ents of Maksr, prepar~d ia accordance Mith s~n~railr
t~d sccoustiaj principies consistsatl spp lied. Mithis
~~~a (1S) days aft~r saM are snppiied ~a ffsal for~a to
~~ic~r bp its accountants and proride the~ rith all_ a~c~ssar~?
itd~X'~iatioa aad access to ~ its rscotds, so u to esabl• l~lak~s's
cosp~auce rith th~se pro~isioas, to Mit:
~ ~ . 1. Unaudited balance sheets and inco~e state~ests
of ths Kaker. corering the fisst six (6) caleadar awaths
~ , of each year; and.
j 2. Audited bslsace she~ts and iaco~e .statnents for
^.,~h~ 3ust co~plete Csl~ndar reai durinj the terat_l~er~of in
=,,,~,he ss~s for~ supp2i~d by the Maker to its li~it~d partaets.
~ psi~il~~~ is gir~n to prepay this obli~atioA in nhol•
~ oz_t~apart Mithout psnalty.-
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~ 'This Note is aecur~d by a purchase ~onsy S~cond Most~a~e
~ dat~d.Dece~b~r 22, 1978, and ~odified by A~ree~sat of ~~~a date
~ h~~elrith on real psopertr situsted in St. Lucie Couat~?, Florida,
~ a~td~;~ to be construed and enforced accordin~ to ths Lars of the
; Sttt~~of Plorida.
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~ This Note is further sscured by•a purcbas• ~oner s~curitr
~ interest on ail tangibie and intan~ible parsonal propertr other
~ thsn'the station ~.icensa issued br the Federal Couunicsttons
i Co~naission, being acquired by the Maker fro~ the Payee, all additions
; thereto, and replace.ents thereof and accounts recei~able.
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Psge 1 of 2
f go~K311 rAGf~i43 ~
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