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part of the pleckle~d shares. Out of the prooeecie of any sale the Pledgee _
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may retain an arasit equal tb the principal and interest then due on the Vic,
Loan. Plus the amount of the of the sale, and shall pay any ti`K
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balance of such pr+ooeeds bo the P]sdgonc. In the esa'ent that the proceeds
of any sale are insufficient to aar~er the principal and interest of the -
loan plus des of the sale- the Pledgar shall remain liable to the
Pledgee for any deficiency.
Il1 WrII~S.S the parties have executed this Pledge Agresaent,
the day and year first above written.
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CARL F. ELLWANGER ATTORNEY AT LAW P. O. BOX 1860 STl/ART, FLORIDA 33484
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