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part of the pledged shares. Out of the prooeec]s of any sale the Plec3ge+e
nay retain an aubtuit equal ~ the principal and interest then due on tt~ .
loan, plus the amount of the e~q~enses of the sale, and shall pay any
balatyae of such proceeds to the Pleag~ar. In the event that the prooE~eds
of any sale are insufficient to oon~er the principal and interest of the
loan plus expen_~s of the sale. the ri~ecgox shall r liable bo the
Pledgee far any deficiency. .
IN WI'II+ffiS ' the parties have executed this Pledge Agxeeanent,
the day and year first-above written.
Signed, sealed and delivered
in tyt~e~pres~oe of
~ (SLAL)
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V Casey, PreBi L~
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A. Casey, : ri~~.,.,,~~.{
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1919 dl;G 15 All 20
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J~CORD ~`ERIFiEO__.____.___,._~
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CARL F. ElLWANOER ATTORNEY AT LAW P. O. BOX 1860 STUART, FLORIDA 3i4W ~ k