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Consent to Closing Statement Addendum Closing Statement Addendum Seller: MDCDC:The LONDON LLC,a Florida limited liability company Buyer: City of Miami Beach,Florida,a municipal corporation organized and existing under the laws of the State of Florida Property: 1965 Washington Avenue,Miami Beach,FL 33139; and 1975 Washington Avenue,Miami Beach,FL 33139 Closing Agent: BELOFF PARKER JACOBS,PLC/CLEAR TITLE GROUP INC. Closing Date: March A-1 2014 File Number: CI-029-01 AGREEMENT TO COOPERATE:If requested by Closing Agent,Title Agent or Title Underwriter,the parties agree to fully cooperate and adjust for clerical errors,including the execution or re-execution of any reasonable documentation and/or the remittance of any additional sums. MISCELLANEOUS:Closing Agent does not make any representations or warranties nor assumes any liability with respect to the physical condition of the property,or any repairs to the property. Buyer has been advised and encouraged to secure hazard insurance coverage prior to completion of closing. If a survey was prepared for the subject transaction,then the Buyer hereby acknowledges receipt of a copy thereof. The buyer has reviewed said survey and accepts title subject to the matters set forth thereon. Buyer has received and reviewed the proposed deed and is satisfied with and approves the manner which title is being held. DISBURSEMENT AUTHORIZATION, ETC.: Closing Agent does not adjust or assume liability for charges for water, rents,gas,electricity,taxes on personal property,garbage taxes or fees,license fees or taxes,service/maintenance contracts (pest control,appliance maintenance,pool care,lawn care,alarm systems,etc.),association assessments or dues,or estoppel information furnished by mortgagees or others. The settlement statement has been reviewed and approved and Closing Agent is irrevocably authorized and directed to complete the closing of the transaction and make disbursement in accordance therewith. In the event of mortgage assumption,if Seller has received a credit for the escrow account balance,then Seller hereby assigns all right,title and interest in said account to Buyer.Seller,Buyer,and Borrower are used for singular or plural,as the context so requires or admits. This Agreement is being provided as an inducement for Closing Agent to serve as the closing agent and for Title Agent and Title Underwriter to issue title insurance on the subject transaction. Buyer: City of iami Beach,Flo a,a municipal corporation organize and existing u er the laws of the State of Florida By: Jim JrG orale City Mana er By. `�... Raanad 0,City Clerk '. �. d O �' •v=`� hid'� �..,� INCORP ORATED` APPROVED AS TO FORM&LANGUAGE &FOR CUTION Mftsf Date DoubleTime® Seller: MBCDC:The LONDON LLC,a Florida limited liability company By: Miami Beach Community Development Corporation,Inc.,a Florida not for profit corporation,its Manager and Sole Member By: ck Johnson,&ZRairman (Corporate Seal) Closing Slaiemen!Addendum-Page 2 DoubleTimeo Exhibit"A" That portion of Lot 1,Block H of Resubdivision of Blocks G,H,J and K and Triangular Tract lying South of Block K and West of Block G,together with Cardinal Street(now vacated),according to the Amended Map of Ocean Front Property,of the Miami Beach Improvement Company(said map being recorded in Plat Book 5 on Page 7 and 8 of the Public Records of Dade County, Florida) according to the Plat thereof,recorded in Plat Book 6,Page 102 of the Public Records of Dade County, Florida,more particularly described as follows,to wit: Commence at the Northeast corner of Lot 1, Block H of a resubdivision of Blocks G,H,J,K and Triangular Tract lying South of Block K and West of Block G,together with Cardinal Street(now vacated)according to the Amended Map of Ocean Front Property of Miami Beach Improvement Company(recorded in Plat Book 5 on Pages 7 and 8 of the Public Records of Dade County,Florida)according to the Plat thereof,recorded in Plat Book 6, Page 102 of the Public Records of Dade County,Florida;thence Northwesterly along the Northerly boundary line of said Lot 1,for a distance of 120 feet to an iron pipe;thence Southwesterly parallel to the Easterly boundary line of said Lot 1 for a distance of 61.19 feet to an iron pipe which iron pipe is located 64 feet Northerly from the Southerly boundary line of said Lot 1, measured along the prolongation Southwesterly of the last preceding course and said iron pipe is the point of beginning of the parcel of land herein described; thence continue Southwesterly parallel with the Easterly boundary line of said Lot 1 for a distance of 44 feet to an iron pipe located 20 feet Northerly from the Southerly line of said Lot 1 measured along the prolongation Southwesterly of the last preceding course;thence Northwesterly along a line 20 feet Northeasterly from and parallel to the Southerly boundary line of said Lot 1 for a distance of 93.78 feet to an iron pipe located on the Westerly boundary line of said Lot 1 at a distance of 21.53 feet Northerly from the Southwesterly corner of said Lot 1,measured along the Westerly boundary line of said Lot 1;thence Northerly along the Westerly boundary line of said Lot 1 for a distance of 47.79 feet to an iron pipe;thence Southeasterly parallel with the Northerly boundary line of said Lot 1 and 61.19 feet Southwesterly therefrom,measured at right angles thereto for a distance of 111.61 feet to the Point of Beginning of the parcel of land herein described. AND That portion of Lot 1,Block H,of a Resubdivision of Blocks G,H,J and K and Triangular Tract lying South of Block K and West of Block G,together with Cardinal Street(now vacated)according to the Amended Map of Ocean Front Property of the Miami Beach Improvement Company(said map being recorded in Plat Book 5,Pages 7 and 8 of the Public Records of Dade County,Florida),according to the Plat thereof,recorded in Plat Book 6,Page 102,of the Public Records of Dade County,Florida, more particularly described as follows,to wit: Commence at the Northeasterly corner of Lot 1,Block H of a Resubdivision of Blocks G,H,J,K and Triangular Tract lying South of Block K and West of Block G,together with Cardinal Street(now vacated)according to the Amended Map of Ocean From Property of the Miami Beach Improvement Company(recorded in Plat Book 5,Pages 7 and 8 of the Public Records of Dade County, Florida), according to the Plat thereof, recorded in Plat Book 6, Page 102,of the Public Records of Dade County,Florida;thence Northwesterly along the Northerly boundary line of said Lot 1 for a distance of 120 feet to an iron pipe marking the Point of Beginning of the parcel of land herein described; thence Southwesterly parallel to the Easterly boundary line of said Lot I for a distance of 61.19 feet to a point which is 64 feet Northerly from the Southerly boundary line of said Lot 1 measured along the prolongation Southwesterly of the last preceding course; thence Northwesterly parallel with the Northerly boundary of said Lot 1 for a distance of 111.64 feet to an iron pipe located on the Westerly boundary line of said Lot 1 at a distance of 69.32 feet Northerly from the Southwesterly corner of said Lot 1,measured along the Westerly boundary line of said Lot 1;thence Northerly along the Westerly boundary line of said Lot 1 for a distance of 43.76 feet to the beginning of a tangential circular curve; thence Northerly and Easterly along the Northwesterly boundary line of said Lot 1 and along a tangential circular curve having a radius of 15 feet through a central angle of 111 degrees 56 minutes 30 seconds for an arc distance of 29.31 feet to the end of said curve;thence Southeasterly along the Northerly boundary line of said Lot 1 for a distance of 114.09 feet to the point of Beginning of the parcel of land herein described. Parcel Identification Number:0232340160081/0232340160080 Closing Statement Addendum-Page 3 DoubleTime®