HomeMy WebLinkAbout2175 ' ' PROMISSORY NO?H
i
=50,000.00 Fort Pierce. Florids. June Z9, 1979 ~
~ POR VALUB RBCBIVBD the undersf~aed pro~ises to par to
tl~e osdes of GULFSTRS~M BR011DCASTINQ CO.. INC., a Florida Corporation, ,
!'Ai '=~sincipal sw. of Fifty Thousand ~ No/100 Doliass (=SO 000.00) , ,
witl~ no interest accruin~ thereon. so lonj as the obligat~on fi .
Aot ia default, beia~ payabl• ia laMfu~i aoner of the United
Stst~s of /lwerica or its equi~alent, ~ointiy to th~ osder of the Paree
b~s~ia and Blackburn Co*p anr~ Inc. at 1725 X Stre~t,.I~1M, Mashiajton,_
D.C..20006, ssid obiiaation to bs parabie in full on or befor~ siYtr ~
(60) dsys frow the date hereof.
,
Pri~ile~e is given to prepay this obli~stioa ia rhol~ ot ~
i~},,p;rt rithout penaltp.
. . , .
~ This Nott ~s secur~d by a~urchas• ~oa~r Second I~iorLfaj~
o;i ~~aily dated 0+~c~b~r ZZ. 197a, and corr~ct~d br Cosr~ttit~
' 1t~- ~4 e of eree dat~ ~?erev~th, on seal prop~rtp sitnst~d ix St.
LuC ~~~onatr, Flor~da, and~~is to bs construed snd enforc~d accardins •
tq=fD~ La~s of the State of.Florida; snd pursuu?t to.~ich assu~ptfoA `
of•.tkis Note xill a~t be p~r~3tted. Upoa the tra~sfes of t1~e real
; tr staadina as secosi~ for tbis obii~ation os ou th~ .
~ fer of ~aiositp oxaessh p of Radio Station MPTP-11~t (a ~a3oritr
ip tsansfsr as s~t foYth berein shaii b~ tbe sa~e as aar
_1~#.:~i~ria~d br a F~deral - Co~auAications Co~issioa ltulius at
~t,~~st of sach sal~'and~or transfes~, tbis Note shail bs du~ :
~~ayable in fnil. ~ .
.t. .
_ . . : -
~ this liet~ is futtb~r secured br Pnrchas• Moner stcuritr
~ i~?t~~est ~n ~ tii ta~jibie and inta~~ibl• Fer~oaai propertr. b~ins
a~qpis~d br NaYes fio~ Pare~r all additions tltereto. tepiac~nts
t~~~~of ud ~ccouats r~cei~able.
` Bscb Mal~~s and Bsderser a Yees, joiAtlY and s~reraily.
t~, p r'X ali costs ef coll~c~ios, inc~udis` a reuawab,l~ .~ttorinr' a"
!~*.~t tl~~ Tsiai aad App~ilat~ Court le~e2s in cis~ t~is obli~ation
oi;t~ otk~r chass~s besem~dar is aot paid wh~n due, o: ie cu• it
, ~c~s wc~ssary tozpsottct the s~curity her~of. trhtther ~eit be .
b~o~aLt ~r not.
f ~ `t ~ ,
~ . Bach lisjces~ ~nd B~dorser b~reof. shali b~ i~ d~faalt i~
~ t~~:~a7~nt of this obiisation if this obii=ation is aet ptid
I ritp:iw aad rithi~ tep (103 days aft~r receipt of ~rr~itt~a aetic~
j fs~t:~th~ tar~~ that tbe obii`atioa is past due. s~at b~r cestifi~d
uil`:r~tosu r~c~ipt seqa~sted, th~ obii`atie~?:or aar portias th~reof
~1s uapaid. I• the e~~~t of d~fanlt, tbfs obli~atioa shali
bea int~Y~st at tbe sate:of 8~~ psr snnu~ siap le iit~sest fso~
. tb~.~at~ of d~fault on the unpaid principal balanc~.
~
f~~_,;~ I~DIA INVBSTORS, LTD., a Missonsi
Lisited Partnership
«r
t :
~ , .
a, .
c ey,
~ " ' 't , Ow f .
~ . . Managin~ Genersl Partner
~ ,
~
~
~
~
~
~
r .
~
~
~
. ,
e~ ~
St3~K J1~ pACf ~
`
~ ;
~5 S
5