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SSORY NOTB
~~4~,120.61 . . : Post liesc~, Plorida. Jua~ Z!, 19~9
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P0~ YALi~'B ~HCBIYBD. th. ~d•:si n.a pto~is.s to psy ~
t~: t,~ uari~~r CtiLF8TRBAM DA41?DCASTIItG C~.. ICN. t~ llosida
C~t~rati~a, tbe pri~cipai su~ of Thr~• ~utds~d N~A~ty Thotts~i
_!~a~d ~nt~r a~d 61/lOQ (~3~A iZ0.61~ , to~~tlNr ~+ith iAl~s~st
sl~o~ !'ro~ dat~ a!~ th~ sa~e~ of 8L~ r a~v~a~ w~til.~at~sitr, •
~ psya~i~ iA laxful aro~ur of th~ ~it~d Stat~s of 11Mrica,
o~,~ ai~al~nt, at SiS 8ontb Indias Riws Ariw, P~st Pi~sc~~
F~~~~3459. ~r at •acl?: oth~r piac~abie
on thi~dstis ii thi ~
is: ~t~ti~, stid obli~atiot to be pay
awoaats sp~cified b~iox. to rit:
.~o~acin on 8~ptesb~s.29, 1~79, th~-su~ of =~.046.24, •
~.s~ s~s~wt aj ~~tesest e~ly oa th~ wp sid priscipal
ba~awc~ aud a lfke su~t on Dsceab~s Z9. 1979; tl~~reaft~r
; co~s~iss oa• Masch 29. 1979. psinaipsl and int~r~st ~
a~at#~ saffici~nt to..fully par this ls~isso I~lot~
~:;~~s ~ull ie fift~~n (15) ysars in the a~ount of~11,3S6.41, ,
~:.~~nd a like sea ~a th~t~.s~e dar of •ach succ~~tfu= thisd
.,.,r,~,~ostL thton=h aad inc~ludinf S~pt~~ber 29, 1994-; -aad on~
-last pt~ent du~ on D~c~~ber 29, 1994 far the balance
-dn~ oa principal and.~sterest in th~ uouut of =11,356.41.
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IA the e~~at quasterly install~ent is not paid ~w full
~a dw and rs~aains unpaid for a p~riod of fi#te~n (1S) days
th~Y~aft~s, the Mak~s, at the option of tbe Pare~, shall pay
a~':.1~ cbasje" net e:c~edinj txo (2) per centu~a of aa7? said
- s~r~~at~ qwst~slr installaent. pro~idad that ia no e~eat sl~all
a- at~ cbsr~e r~suit in the panent of interest in excess•of
- tha s~ucian~ int~rest , br law.
Msker shall fusnish to Paree the foliorin~ finaacial
sta~~vasnta of ltaker, prepar~d iA accordance ~rith ~enerallr -
a,ccepted a~countins principles coasistentir app lied, Mithia
f,~~~q~n (1S) days after ssa~ are snpplied in final for~ toessa -
~ • t~t~.~c~r br its accountants and proride tbe~ rith •11 ne~ rp
! isfot`ration aad access to-its records, so as to eaable Maker's
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cat~~.~a~c~ rith thsse prorisions, to rit:
~ ~ 1. Unaudited balance sheets and inco~e stateaie~ts
~ of the Maksr,-corering the first siz (6) calendas soaths
~ ~ of each rear; and
~ Z. Audited balance sheets~and inco~e state~ents for
3 _;hs just co~plete ysl~ndar rear during the te~nr• bereof in
.:.,.xh~ saa~s fors suppli~d by the Maker to its li~it~d putners.
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pri~ilsge is ~iY~n to prepay this obiigatios in rhole
~ os i~ .part rithout penaitr. ~
~ Tbis Note is aecured by a purchase aoney Seco~d~Iaa~g~sge
~ d~ted.Dece~ber 22, 1978, and iodified br Agree~sat of r
~ h~x~~?ith on reai propertr situsted in St. Lucie County, Florida,
~ aad~~~ to be coastrued and enforced according to the Laws of the
~ SLat~~of Plosids.
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~ This Note is further secured by•a purchase ~oney security
~ interest on all tangibie snd intanaible personal property other
~ than~the station license issued by the Federal Coa~unications
~ Coniission, being acquired by the Maker fro~ the Payee, all additions
~ thereto, and replace,ents thereof and accounts recei~able.
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