Partial Release of Mrtge.
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AND WHEREAS THE SAID CITY NATIONAL BANK OF MIAMI as Trustee under Land
Trust No. 5003918 has requested THE BANK OF .\IOi\TREAL to release tf)e premises
hereinafter described, being part of said mortgaged premises, from the lien and operation
of all of the above-described Mortgages, the above-described Chattel Mortgage, and the
above-described form UCC-l and has agreed to pay valuable consideration therefor;
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NOW, THEREFORE, KNOW YE, That THE BANK OF MONTREAL. a CanadIan banking
corporation, in consideration of the premises and the sum of $10.00, to it in hand paid by
the CITY NA TONAL BANK OF MIAMI as Trustee under Land Trust No. 5003918 at the
time of execution hereof, the receipt whereof is hereby acknowledged, does remise,
release, quit-claim, exonerate and discharge from the lien and Operation of all of the
above-referenced and described Mortgages, Chattel Mortgage, and form UCC-I to the
CITY NATIONAL BANK OF MIAMI as Trustee under Land Trust No. 5003918 its assigns,
all that piece, parcel or tract of land, being a part of the premises conveyed by said
Mortgages, Chattel Mortgage, and form UCC-I, to wit:,
Condominium Parcel Number ~ f' O'f PARK VIE\\' POINT, a
Condominium, in accordance with the Declaration of Condominium
thereof, recorded among the Public Records of Dade County,
Florida, in Official Records Book 10454, at Page 1419, and as
amended.
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TO HA VE AND TO HOLD the same, with the appurtenances, to the said CITY NATIONAL
BANK OF MIAMI as Trustee under Land Trust No. 5003918 and its assigns, forever, fr~d,
exonerated and discharged of and from the lien of said Mortgages. Chattel Mortgage, and
form UCC-I, and every part thereof; provided, always neverthell'ss, that nothing herein
contained shall in anywise impair, alter or diminiSh the effect. lien or incumbrance of the
aforesaid Mortgages, Chattel Mortgage, and form UCC-I on the remaining part o~ said
mortgaged premises not hereby released therefrom, or any of the nghts and remedies of
the holder thereof.
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OF ,\IONTREAL
THE BANK OF MONTREAL has hereunto set its hand and seaJ
,1980. .
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By:
AtterAey
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QUEBEC
PROVINCE OFXUXA~ )
HOCHELAGA ) ss:
COUNTY OF .BmXKlUX )
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THE FOREGOING I"'STRU,\lEI\T WdS acknowl~dgcd~&>efore me this 'day of
L, ,1980. by L Lu-..... , a
subscribing witness, who haVing by me been duly sworn made oath and said that TH,E
BANK OF "'O"'TREAL by the hands of its duly authorized officers executed the same In
h,~ presence. _ ,.....",
- 0 . 0' - MontrE?a,)/l~~b~c
IN WITNESS \l.IiEREOF, I hereunto set my hand dnd offtClal seal at Il.1m~7.~3~'..
ho I da f 1\ 0 1980 .:..' ,'. _ ~.-;- ". ':" ,..
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\4y commission is for life.
This instrument prepared by;
."OT AR Y SEAL
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--, Cot~n. Angc-l Ix Rogovin
un Nonheast 125th Str~t
North MWni, FloridA llJ61
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PAR TlAL RELEASE OF .".1 OR TGAGE~ A,~ OTHER SECUI(/Ty l~sTln;.\IE:'\T~
1980 SEP I 7 PH 2: 34
KNOW ALL MEN BY THESE PRESENTS: ~9R::'1.~3j1 ': ',.108....2
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WHEREAS, JOSEPH GOROON by Indenture of MortJ.;age, recorded on "'arch 25. 1%14, in
the offtce of the Clerk of the Circuit Court in and for Dade County. "tate of Flurid... in,
Official Records Book 4072, at Page 468, granted and con\ley('d to CE:'IJTR,A,L BANK A1\:D
TRUST COMPANY, as Mortgagee, the premises therein particularly described. to ~Cure
the payment of the Sum of $3,000,000.00, with intp.rest as therem mentioned; and
WHEREAS, JOSEPH GOROON by Indenture of Mortgage, recorded on April 19, i96f" in the'
office of the Clerk of the Circuit Court in and for Dade County, State of Florida, in
Official Records Book 5025, at Page 192, granted and con\leyed to CENTRAL BA,'''K AND
TRUST COMPANY, as Mortgagee. the premises therein particularly described, to secure
the payment of the sum of $300,000.00, with interest as therein mentioned; and
WHEREAS, JOSEPH GORDON by Indenture of Mortgage. recorded on January 214, 1967, in
the office of the Clerk of the Circuit Court in and for Dade County, State of Florida. in
Official Records Book 5354, at Page 274, granted and con\leyed to CENTRAL BANK AND
TRUST COMPANY, as Mortgagee, the premises therein particularly described, to secure
the payment of the sum of $200,000;00, with interest as therein mentionedj and
WHEREAS, the three \Iortgages referenced above were assigned to NEW YORK LIFE
INSURANCE CO,\1PANY, a New York corporation, by the recording of an Assignment of
Mortgage amongst the Public Records of Dade County, Florida, on February 24, 1967,
under Clerk's File Number 67R-28803; and
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WHEREAS, the three Mortgages referenced above were modified and consolidated into {
one mortgage indebtedness by the recording of an agreement amongst the Public Records j.
of Dade County, Florida, on February 24, 1967. under Clerk's File Number 67R-28804
between JOSEPH GORDON, a single man, and NEW YORK LIFE INSURANCE COMPANY,
a New York corporation; and
WHEREAS, JOSEPH GORDON by Chattel Mortgage, recorded on February 214,' 1967, in the
office of the Clerk of the Circuit Court in and for Dade COunty, State of Florida, under
Clerk's File Number 67R-28805, granted and conveyed to N[~' YOI{K LIFE INSURANCE
CO.\1PANY, as \Iortgagee, the items of personalty and 1 j, tures therein particularly
described, to secure the payment of the consolidated debt of the three .\Iortgages .
Qreferenced above in ~he sum of $3,500,000.00, with interest as thet.ein mentionedj and "-... '
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WHEREAS, the three ~.'ortgages referenced ab,ove, as conso. lidated. were assigned to THE ',J
BANK OF MO,\JTREAL by the recording of an Assignment of .\Iortgage on September 4, {
1980, in the office of the Clerk of the Circuit Court in and for Dade County, State ~
Florida, under Clerk's File Number 80R-232640j and ,
~IHEREAS, the Chattel ""ortgage referenced abo\le was assIgned to THE E\A~K OF
~'ONTREAL b~' the recording of an Assignrnent of Cbdttcl .\h>rtgage on Septelllber 4,
1980, in the office of the Clerk of the Circuit Court In and for Dade County, State of
Florida, under Clerk's File Number 80R-232641j and
WHEREAS, CITY NA TluNAL It-\SK OF ~lIA."'11 as Trustee under Land Trust ~o. 5093,918
by Indenture of .\Iortgage. recorded on ApriI17,.!2J9, Hl the OHlCe of the Clerk of the
Circuit Court in and for Dade County. 5t,Ue-OTFlorida, in OffICial I~ecords Book 10364, at
Page 1383. granted and con\leyed to KERMIT GORD0~, IR VI;\;G R. (jORDON. and.
CHARLES GORD01\:, as co-exeuctors of the Estate of JOSCilh Gordon. Deceased, the
premises therein partICularl}' described. to secure the paYfllent of the sum of'
$6,300,000.00, with interest as therein mentioned; and
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\\'HEREAS, the S6.300,U'Jf).'JO ~lurtgage refl'rl'nced abov(' ~'as asslgf1C'd to TIfE B,\,'\:K OF
"'ONTREAL by the recording of two AssignmC'nts of '.1ortgJg(' on Septe,nber 4, I~S'J, In
the office of the Cler>.: of the Circuit Court in and for Ihde COLJnh', Stdte 01 Florida,
under Clerk's File Number 8OR-232643 and 80R-2J2644, respectl\lely; and
U'HEREAS, CITY ~:, Tk.~;\;:'L HA:\;K or ~.lI'\,\1I as Truqcl" undN L.lnd TrtJ~t :\;0. ~Ci03~IS
by form UCC-I, recordec on I\pril 17, 1979, in th~ OftlC(' of tl,(' l~J('rk 0f the CircUit Court
in and for Dade Count}', State of Florida. in OfrlCial llecords /'1..\0:" 1'))64, at P.Jge J)'JS,
granted and conveve-d unto KER \lIT GORDON. IInT'\(, I~. L\ 'H [)\'),\:. and Ctl'\I~ LES
GORDoN, as co-e~t'uct,\,,\.,.Of the [state of Jo~ph Gordon. D<:-cea'o('d. the ite.ns 01
personalty and IIll.tures tt>e~1n partICularly describeod, t~ !>ecu;:~ the paym~nt of the sum
of 50,300,000.00, with Interest as therem m~ntloned; and ,
"'HEREAS, the form t;CC-l r("ferencd above was a~sigrl('d to THE BA:'JK ~)F \IO,\'TUEAL
by the recordmg of il ;vU;, L:CC-3 AS~>ij:nlrl('nt on ~pternber 4, I'IS0, In the offICe 01 the
Clerk of the Circuit C0'':~: .n ..,nd lor Dade County, 5t.1l;: of Florld.l, under Clerk's File
Number lGR-2J264.5; :. t".:~ ...
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EXHIBIT A
TRUSTEE'S DEED
1. Taxes for the year 1980 and following.
2. Reservation in favor of the trustees of the Internal
Improvement Fund of the State of Flor ida, appear ing in
Deed Book 712, at Page 29, of the Public Records of Dade
County, Florida, as to an undivided 3/4 interest in all
phosphate, minerals, and metals and. an undivided 1/2
interest in all petroleum.
3. Protective covenants recorded on March 8, 1955, in Deed
Book 4054, at Page 450, of the Public Records of Dade
County, Florida, which do not contain a reverter
provision.
4.
Easements contained
accordance with the
77, at Page 12,.. of
Florida.
in the plat of, parkview Point, in
plat thereof, recorded in Plat Book
the Public Records. of Dade County,
5.
Easements contained
accordance with the
60, at Page 6, of
Florida.
in the Plat of Park View Island, in
plat thereof, recorded in Plat BOOK
the Public Records of Dade County,
6. The matters set forth in the Declaration of Condominium
for Parkview Point, a Condominium, in accordance with the
Declaration of Condominium therefor, recorded among the
Public Records of Dade County, Florida, in Official
Records Book 10454, at Page 1419, and as amended, which,
among other things, contains or provides for certain
easements, the rights of others in and to .limited common
elements. as therein defined, assessments, liens, and the
subordination therof, limitation of rights to mortgage or
otherwise alienate, options to purchase and/or lease or
rights of first refusal, powers of attorney, provisions
relating to partition, restrictions on severability of
component interest and covenants arid restrictions
affecting said estate or interest. .
~DlD . .'.,., 1I(OIl" -
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_ WUIIlO
IUCBARD P. SRIN KElt.
.. I:WlK QIlClIll COUll
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COMMITMENT FOR TITLE INSURANCE NO.
SCHEDULE B - Section I
REQUIREMENTS
The following are the requirements to be complied with:
1. Instruments in insurable form which must be executed, delivered and duly filed for record:
2. Paid receipts from The Dade County Tax Collectors office that the
1980 Municipal, State, County and Drainage taxes have been paid.
3. Trustees Deed from The City National Bank as Trustee under Land Trust
No. 5003918.
4. Partial release or satisfaction of the subject property from the
following mortgages held by The Bank of Montreal:
1. That Mortgage in the original principal sum of $3,000,000.00
recorded on March 25, 1964 in Official Record Book 4072 at Page
468 of the Public Records of Dade County, Florida, in favor of
Central Bank and Trust Company, as Mortgagee. Mortgage in the
original principal sum of $300,000.00 recorded on April 19, 1966
in Official Record Book 5025 at Page- 192 of the Public Records
of Dade County, Florida, in favor of Central Bank and Truct Company,
as Mortgagee. Mortgage in the original principal sum of $200,000.00
recorded on January 24, 1967 in Official Record Book 5354 at Page 274
of the Public Records of Dade County, Florida, in favor of Central
Bank and Trust Company, as Mortgagee. The three mortgages referred
to herein were assigned to New York LIfe Insurance Company, a New
York corporation, by the recording amongst the Public Records of
Dade County on February 24, 1967 of an Assignment of Mortgage, under
Clerk's File No. 67R-28803. The three mortgages described above were
modified an consolidated into one mortgage indebtedness by the
recording of an agreement amongst the Public Records of Dade County
Florida, on February 24, 1967, under Clerk's File No. 67R-28804
between Joseph Gordon, a single man (the then fee simple holder to
all of the subject property), and New York Life Insurance Company,
a New York corporation. The three mortgages referenced herein, as
consolidated were assigned to the Bank of Montreal by the recording
of an Assignment of Mortgage on September 4, 1980 in Public Records
of Dade County, Florida, under Clerk's File No.80R-232640
2. That wrap-around mortgage in the original principal sum of $6,300,000.00
recorded on April 17, 1979 in Official Record Book 10364 at Page 1383
of the Public Records of Dade County, Florida in favor of Kermit Gordon,
Irving R. Gordon and Charles Gordon, as co-executors of the Estate of
Joseph Gordon, Deceased, as mortgagees. This mortgage was assigned on
April 17, 1979 by the recording of an Assignment of Mortgage in Dade Count:
Official Records Book 10364 at Page 1397 to Irving Gordon ( an undivided
25% interest), Kermit Gordon (an undivided 25% interest), the Estate of
Joseph Gordon (an undivided 25% interest), and Glenn Brooke Trust (an
undivided 25% interest). This mortgage was assigned to the Bank of
Montreal by the recording of two Assignments of Mortgage on September 4,
1980 in the Public Records of Dade County, Florida, under Clerk's File
Nos. 80R-232643 and 80R-232644.
P,288-B (G,S) 11/77
ALTA Comm.tmeot - 1966
fiOI.
OFFICE OF THE CITY ATTORNEY
'6~ rI J1dumi 11t'ilM
F
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R
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A
JOHN A. RITTER
CITY ATTORNEY
P.o. BIN 190000
MIAMI BEACH, FLORIDA 33119
TELEPHONE: 673.7470
May 6, 1981
James Cohen, Esq.
Cohen, Angel & Rogovin
1175 N.E. 125th Street
North Miami, Florida 33161
RE:
Tract "B", PARKVIEW POINT, according to the Plat
thereof, as recorded in Plat Book 77, at Page 12
of the Public Records of Dade County, Florida.
Dear Mr. Cohen:
The City of Miami Beach is prepared to close on the
above-described property subject to your satisfaction of the
requirements described on the attached commitment for title insur-
ance.
The City is agreeable to depositing the purchase price, less
the 1981 tax proration and documentary stamps, into your trust ac-
count in return for securing a recordable deed upon your affidavit
that the mortgages have been paid with respect to the subject prop-
erty and that a release or satisfaction will be received and
recorded in a reasonable time, and that you will not release the
funds to your client until the satisfaction is recorded. I am
agreeable to allowing these funds to be placed in trust or a
savings account at interest to your client.
Please review my title binder and tell me whether at the time
of closing you can show me in the abstract where the mortgages come
together.
a;::y ~1b?
John A. Ritter
JAR/LTA/mp
BY COURIER"
I
Speediset @ Moore Business Forml, Inc.-.
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COMMITMENT FOR TITLE INSURANCE NO.
SCHEDULE B - Section I
REQUIREMENTS
The following are the requirements to be complied with:
1, Instruments in insurable form which must be executed, delivered and duly filed for record:
2. Paid receipts from The Dade County Tax Collectors office that the
1980 Municipal, State, County and Drainage taxes have been paid.
3. Trustees Deed from The City National Bank as Trustee under Land Trust
No. 5003918.
4. Partial release or satisfaction of the subject property from the
following mortgages held by The Bank of Montreal:
1. That Mortgage in the original principal sum of $3,000,000.00
recorded on March 25, 1964 in Official Record Book 4072 at Page
468 of the Public Records of Dade County, Florida, in favor of
Central Bank and Trust Company, as Mortgagee. Mortgage in the
original principal sum of $300,000.00 recorded on April 19, 1966
in Official Record Book 5025 at Page' 192 of the Public Records
of Dade County, Florida, in favor of Central Bank and Truct Company,
as Mortgagee. Mortgage in the original principal sum of $200,000.00
recorded on January 24, 1967 in Official Record Book 5354 at Page 274
of the Public Records of Dade County, Florida, in favor of Central
Bank and Trust Company, as Mortgagee. The three mortgages referred
to herein were assigned to New York LIfe Insurance Company, a New
York corporation, by the recording amongst the Public Records of
Dade County on February 24, 1967 of an Assignment of Mortgage, under
Clerk's File No. 67R-28803. The three mortgages described above were
modified an consolidated into one mortgage indebtedness by the
recording of an agreement amongst the Public Records of Dade County
Florida, on February 24, 1967, under Clerk's File No. 67R-28804
between Joseph Gordon, a single man (the then fee simple holder to
all of the subject property), and New York Life Insurance Company,
a New York corporation. The three mortgages referenced herein, as
consolidated were assigned to the Bank of Montreal by the recording
of an Assignment of Mortgage on September 4, 1980 in Public Records
of Dade County, Florida, under Clerk's File No.80R-232640
2. That wrap-around mortgage in the original principal sum of $6,300,000.00
recorded on April 17, 1979 in Official Record Book 10364 at Page 1383
of the Public Records of Dade County, Florida in favor of Kermit Gordon,
Irving R. Gordon and Charles Gordon, as co-executors of the Estate of
Joseph Gordon, Deceased, as mortgagees. This mortgage was assigned on
April 17, 1979 by the recording of an Assignment of Mortgage in Dade Count
Official Records Book 10364 at Page 1397 to Irving Gordon ( an undivided
25% interest), Kermit Gordon (an undivided 25% interest), the Estate of
Joseph Gordon (an undivided 25% interest), and Glenn Brooke Trust (an
undivided 25% interest). This mortgage was assigned to the Bank of
Montreal by the recording of two Assignments of Mortgage on September 4,
1980 in the Public Records of Dade County, Florida, under Clerk's File
Nos. 80R-232643 and 80R-232644.
P.288-B (G,S) 11/7 7
ALTA Co"mutment. 1966
~.
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CLOSING STATEMENT
Date:
May 13, 1981
BUYER:
THE CITY OF MIAMI BEACH
CITY NATIONAL BANK OF MIAMI, as Trustee
SELLER:
Description of Property:
Tract "B", PARKVIEW POINT, according to the
Plat thereof, as recorded in Plat Book 77,
at Page 12 of the Public Records of Dade County,
Florida.
Credit Buyer Due Seller
Purchase Price 423,500 00
1981 Tax Proration ,1,154, 97
Documentary Stamps 1,694 00
2,848 97 423,500 00
Sub-Totals
Cash to Close 420,651 03
TOTALS 423,500 00 423,500 00
APPROVED F
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BUYER
APPROVED FOR SELLER
BY:
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