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condition and to otherwise improve the service station property
for the sole purpose of encouraqing and stimulating the sale
and marketing of gasoline and related petroleum products,
Johnson will advance to Hall sums of money to be determined
on the following basis:
a. Thirty Thousand Dollars ($30,000) if the
filling station averages sales of 30,000 gallons per
month;
b. Thirty-Five Thousand Dollars ($35,000) if
the filling station averages sales of 35,000 gallons
per month; and
c. Forty Thousand Dollars ($40,000), being the
maximum amount payable by Johnson hereunder, if the
filling station averages sales of 40,000 gallons,
or better, per month.
The averages will be determined from the sales made over
the calendar months of 1981. Advances will be made by Johnson
to Hall upon receipt of invoices for equipment, labor and
materials for gasoline dispensers, canopy and other improve-
ments meeting the approval of Johnson.
4. Johnson shall have a lien on all real and tangible
personal property now or hereafter used in connection with
the operation of the filling station, and to that end, for
the sums advanced by Johnson this agreement will operate
as a security agreement as to such personal property and .
which, with the~customary financing statement, will be recorded
upon the public records of St. Lucie County, Florida. This
agreement shall also evidence a lien on the real estate.
The lien hereby created may be foreclosable in any legal action
brought for that purpose.
5. If for any reason this agreement should be terminated
before the expiration of the contract term, Hall shall be
indebted to Johnson and Johnson shall be entitled to receive
~ from Hall the unamortized portion of that amount of money
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f /ORT PI[RCG FLORIDA ,~464
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