Subordination and Consent Agreement with Florida Housing Finance Corporation e6
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THIS INSTRUMENT PREPARED BY
AND RETURN TO:
Shahrzad Emami,Esq
Legal Services of Greater Miami,Inc.
4343 West Flagler Street,Suite 100
Miami,Florida 33134
St/
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments/SAIL/Housing Credits/2003-016CS)
THIS SUBORDINATION AGREEMENT (this "Agreement") is made and entered into
as of , 2017, by FLORIDA HOUSING FINANCE CORPORATION, a public
corporation and a public body corporate and politic duly created and existing under the laws of
the State of Florida (the "Senior Mortgagee" or "Florida Housing") (which term as used in every
instance shall include Senior Mortgagee's successors and assigns); CARRFOUR SUPPORTIVE
HOUSING, INC., a Florida nonprofit corporation, CITY OF MIAMI, a municipal corporation of
the State of Florida, CITY OF MIAMI BEACH, a municipal corporation of the State of Florida,
MIAMI-DADE COUNTY, a political subdivision of the State of Florida (collectively, the
"Subordinate Mortgagees"): and HARDING VILLAGE, LTD.,a Florida limited partnership(the
"Borrower").
RECITALS
A. Senior Mortgagee is the holder and owner of a Promissory Note in the original
principal amount of$2,000,000 (the "Senior Note") evidencing a loan under the State Apartment
Incentive Loan ("SAIL") Program (the "Senior Loan") secured by that certain Mortgage and
Security Agreement dated as of May 18, 2005 and recorded on May 24, 2005 in Official Records
Book 23404, Page 3067, of the Public Records of Miami-Dade County, Florida. Hereinafter the
aforesaid Senior Note, the Mortgage and Security Agreement in favor of Senior Mortgagee, the
Land Use Restriction Agreement and all other loan documents executed in connection with the
Senior Loan, together with that certain Extended Low-Income Housing Agreement between
Florida Housing and Borrower dated January 4. 2008, and recorded January 18, 2008, in Official
Records Book 26168, Page 2299, of the Public Records of Miami-Dade County. Florida, as all
such documents have been or may be amended or modified from time to time, are collectively
referred to as the "Senior Mortgage."
B. Florida Housing requires that its Senior Loan remains secured by a first mortgage
upon and security interest in the Development.
subord Agt(all lenders)
Hardine Village IS ANI IC'2003-0I6CSI
C. The following Subordinate Mortgagees are the owners and holders of one or more
mortgages or other security instruments or covenants (collectively, whether one or more in
number and whether now or hereafter in effect, the "Subordinate Security Instruments")
encumbering the property described in Exhibit"A"attached hereto:
(i) The Carrfour Supportive Housing, Inc. Subordinate Security Instruments
are to secure a promissory note in the original principal amount of$1,070,456 dated April
20, 2005; and a promissory note in the original principal amount of $1,400,000 dated
February 17, 2005, as amended by an amended promissory note in the principal amount
of $1,427,633 dated March 16, 2009, for a total principal sum of $2,827,633.00 from
Borrower as maker to Carrfour Supportive Housing, Inc. as payee (the "Carrfour
Subordinate Notes").
(ii) The City of Miami Subordinate Security Instrument is to secure a
promissory note in the original principal amount of$296,492 dated January 7, 2005, from
Borrower as maker to City of Miami as payee ("City of Miami Subordinate Note").
(iii) The City of Miami Beach Subordinate Security Instruments are to secure
two promissory notes in the original principal amounts of$228,667, dated September 26,
2014 and $92,885 dated October 27. 2016 from Borrower as maker to City of Miami
Beach as payee(the"Miami Beach Subordinate Note").
(iv) The Miami-Dade County Subordinate Security Instrument is to secure a
promissory note in the original principal amount of$180,518 dated of even date hereof
from Borrower as maker to Miami-Dade County as payee (the "Miami-Dade County
Subordinate Note").
AGREEMENT
NOW, THEREFORE, in consideration of the sum of TEN AND NO/100 DOLLARS
($10.00) and other good and valuable consideration, from one to the other paid, the receipt and
sufficiency whereof is hereby acknowledged,and to induce Senior Mortgagee to make the Senior
Loan, the parties do hereby agree:
1. Recitals. The Recitals are true and correct and are made a part hereof The parties agree
to the priority of their respective mortgages, as set forth in Paragraph 4 below above.
2. Subordination and Consent.
(a) The Senior Mortgagee and the Subordinate Mortgagees do hereby consent and agree
to the Borrower obtaining a loan from Miami-Dade County in the amount of $180,518 to be
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Subord Agt(all lenders)
Harding Village(SAIL/FIGS003-0 16CS7
secured by that certain Mortgage and Security Agreement and/or other security instruments or
covenants (collectively, whether one or more in number and whether now or hereafter in effect,
the "Miami-Dade Subordinate Security Instruments") as further described in Paragraph 4 below.
(b) The Subordinate Mortgages are now and forever hereafter made subordinate and
inferior to the Senior Mortgage and to all debt evidenced or secured thereby including principal,
interest, costs and expenses, and to any and all extensions, modifications, amendments.
enlargements or renewals thereof or future advances made thereunder. Further, the terms of the
Subordinate Mortgages and all rights and remedies of the Subordinate Mortgagees available to
the Subordinate Mortgagees pursuant to the Subordinate Mortgages, including but not limited to
the right to claim or receive any insurance or condemnation awards or proceeds, are hereby
expressly subordinate to the terms of the Senior Mortgage and the rights and remedies of Senior
Mortgagee under the Senior Mortgage. The priority among the Subordinate Mortgages is further
described in Paragraph 4 below.
(c) The indebtedness of Borrower, and any other obligor pursuant to the Subordinate
Notes, and any and all other indebtedness and other obligations of Borrower to Subordinate
Mortgagees, and the Subordinate Mortgages and all other liens, encumbrances and security
interests given to secure the payment of the Subordinate Notes and any other obligations of
payment or performance of Borrower to Subordinate Mortgagees, whether now existing or
hereafter created or acquired, shall be and hereby are subordinated in lien, priority and payment
of principal and interest and all other charges and fees, including, without limitation, taxes and
insurance premiums paid by Senior Mortgagee and interest accruing after any default or petition
in bankruptcy. to the indebtedness of Borrower pursuant to the Senior Note, and all liens,
encumbrances and security interests given to secure the payment thereof, whether now existing
or hereafter created or acquired, including, without limitation, the Senior Mortgage and to any
and all other loans, advances, extensions of credit, or other accommodations to or for the account
of Borrower as Senior Mortgagee may elect to make from time to time, and any and all other
indebtedness of Borrower to Senior Mortgagee, whether now existing or hereafter created or
acquired, and any and all liens, encumbrances, and security interests given to secure the
repayment or payment thereof, whether now existing or hereafter created or acquired, and to
such renewals and extensions thereof as Senior Mortgagee may elect to make from time to time.
3. Conditions Precedent to Remedial Action. If a default occurs under any Subordinate
Mortgage(a "Subordinate Loan Default") and is continuing, each Subordinate Mortgagee agrees
that, without the Senior Mortgagee's prior written consent, it will not commence foreclosure
proceedings with respect to the Development under the Subordinate Mortgage or exercise any
other rights or remedies it may have under the Subordinate Mortgage. including but not limited
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I larding Villas:ISAIUHCR003.016CS)
to accelerating the Subordinate Loan (and enforcing any "due on sale" provision included in the
Subordinate Mortgage), collecting rents, appointing(or seeking the appointment 00 a receiver or
exercising any other rights or remedies thereunder unless and until it has given the Senior
Mortgagee at least thirty (30) days' prior written notice. The Senior Mortgagee shall have the
right, but not the obligation, to cure any Subordinate Loan Default within the same time period
for curing a default which is given to the Borrower under the Subordinate Loan Documents,
except that the Senior Mortgagee's time period for cure shall begin on the date on which it
receives notice of the Subordinate Loan Default. All amounts advanced or expended by the
Senior Mortgagee to cure a Subordinate Loan Default shall be deemed to have been advanced by
the Senior Mortgagee pursuant to, and shall be secured by the lien of, the Senior Mortgage.
4. Lien Priorities; Lien Subordination. Borrower, Subordinate Mortgagees, and Senior
Mortgagee acknowledge and agree, notwithstanding the actual order of recording, that the
relative priority of the following instruments and related liens and encumbrances shall be in the
order set forth below, and Subordinate Mortgagees and Senior Mortgagee consent to the
Borrower's encumbrance of the Property by such liens and encumbrances:
a) first, the Senior Loan Documents. Senior Security Instruments, and mortgage
securing the Senior Loan in the original principal amount of $2,000,000 from the Florida
Housing Finance Corporation, dated May 18, 2005, and recorded May 24, 2005. in Official
Records Book 23404, at Page 3067, as affected by the Subordination Agreement recorded in
Official Records Book 23404, at Page 3118, the Assignment of Leases, Rents and Contract
Rights recorded in Official Records Book 23404, at Page 3095, the Land Use Restriction
Agreement recorded in Official Records Book 23404, at Page 3049. as amended by the First
Amendment to [.and Use Restriction Agreement recorded in Official Records Book 26149, at
Page 1864, as further amended by that Second Amendment Land Use Restriction Agreement
recorded in Official Records Book 26803. at Page 1642, the UCC Financing Statement recorded
in Official Records Book 23404, at Page 3109, as amended in UCC Financing Statement
Amendment recorded in Official Records Book, 29376, at Page 2355, as continued in UCC
Financing Statement Amendment recorded in Official Records Book 29405, at Page 4958, as
amended in UCC Financing Statement Amendment recorded in Official Records Book 27239, at
Page 3140, the Extended Low Income Housing Agreement recorded in Official Records Book
26168, at Page 2299, as amended by the First Amendment to the Extended Low-Income Housing
Agreement recorded in Official Records Book 26838, at Page 3271. all in the Public Records of
Miami-Dade County, Florida.
b) second, the Mortgage and Security Agreement and Assignment of Leases,
Rents and Profits, in the original principal amount of$1,400,000 in favor of Carrfour Supportive
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Harding Village(SAII MCP_003-0 16C5)
Housing, Inc.. dated February 17, 2005, and recorded May 24, 2005, in the Official Records
Book 23404, at Page 3124, as amended by an amended promissory note in the principal amount
of $1,427,633, for a total principal sum of $2,827,633.00, secured by that certain Mortgage
Modification And Notice And Receipt of Future Advance Agreement executed March 26,2009,
and recorded in Official Records Book 26803, at Page 1660, as affected by that certain
Subordination Agreement recorded in Official Records Book 26803, at Page 1667, the Collateral
Assignment of Leases, Rents and Contract Rights recorded in Official Records Book 23404, at
Page 3148. the Miami-Dade Housing Agency Rent Regulatory Agreement recorded in Official
Records Book 23404, at Page 3160, as amended by the Amendment to Rent Regulation
Agreement recorded in Official Records Book 26803, at Page 1649, the Miami-Dade Housing
Agency Rental Regulatory Agreement recorded in Official Records Book 23417, at Page 1680,
the Collateral Assignment of Note, Mortgage and Other Loan Documents recorded in Official
Records Book 23404, at Page 3175, the UCC Financing Statement recorded in Official Records
Book 23404, at Page 3170, and the Mortgage in the original principal amount of$1,070,456 in
favor of Carrfour Supportive Housing, Inc.. dated April 20111, 2005, and recorded May 24, 2005
in Official Record Book 23404, at Page 3208, all in the Public Records of Miami-Dade County,
Florida.
c) third, Mortgage and Security Agreement in the original principal amount of
S296,492 in favor of the City of Miami, dated January 7, 2005 and recorded May 24, 2005 in the
Official Records Book 23404. at Page 3180, the Rent Regulatory Agreement recorded in Official
Records Book 23404. at Page 3195, and the Declaration of Restrictive Covenant recorded in
Official Records Book 23404, at Page 3203, all in the Public Records of Miami-Dade County,
Florida.
d) fourth. Mortgage and Security Agreement in the original principal amount of
$228,667 in favor of the City of Miami Beach, dated September 26, 2014, and recorded on
October 1. 2014 in the Official Records Book 29332, at Page 1209, as affected by that certain
Subordination Agreement recorded in Official Records Book 29332, at Page 1221, all in the
Public Records of Miami-Dade County, Florida.
e) fifth, Mortgage and Security Agreement in the original principal amount of
$92,885 in favor of the City of Miami Beach, dated October 27, 2016, and recorded on January
ll, 2017, in the Official Records Book 30380, at Page 3179, as affected by that certain
Subordination Agreement recorded in Official Records Book 30380, at Page 3194. all in the
Public Records of Miami-Dade County, Florida.
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Suhord Az call lenders)
Harding Village(SAItUHC/2003-01605)
f) sixth, Mortgage and Security Instruments in the original principal amount of
$180,518 in favor of Miami-Dade County dated the date hereof, and/or other security
instruments or covenants (collectively, whether one or more in number and whether now or
hereafter in effect)to be recorded in the Public Records of Miami-Dade County, Florida.
5. Insurance, Condemnation. In the event of partial or total destruction of the
Development which results in the payment of insurance proceeds, or in the event of a
condemnation or similar proceeding which results in the payment of an award, the proceeds or
award shall be applied in accordance with the relevant provisions of the Senior Mortgage. The
insurance provisions of the Senior Loan shall be modified as of the date hereof, as follows:
The Borrower will keep and maintain the Development insured against loss or damage by
fire, general liability insurance, all-risk insurance, extended coverage and other perils, as
provided in the Construction Loan Agreement, the rules of Florida Housing Finance
Corporation, as codified at Chapter 67-48, Ha. Admin. Code, in effect as of May 24,
2017, and at Chapter 67-53, Fla. Admin Code, in effect as of August 20, 2009 (the
"Rule") and the Florida Housing Finance Corporation Insurance Guide dated August 30,
2016, as amended from time to time (the "Florida Housing Insurance Guide"). Such
policy or policies of insurance shall have affixed thereto a clause substantially similar to
the standard New York Mortgagee Clause, making all loss or losses under such policy or
policies payable to Senior Mortgagee as its interest may appear, and to deliver certificates
of insurance to the Senior Mortgagee, naming the Senior Mortgagee as an additional
insured, when issued with the receipts for the payment of the premium therefor; and in
the event any sum of money becomes payable under such policy or policies, provided
Borrower is not in default under the Senior Loan, Borrower shall have the right to use
such proceeds to restore or rebuild the Development and the Senior Mortgagee shall have
the right to review the construction budget for the rebuilding or restoration of the
Development. If the amount of the insurance proceeds exceeds the amount necessary to
complete such restoration or rebuilding, Senior Mortgagee shall have the option to
receive and apply the excess proceeds on account of the indebtedness secured hereby
without thereby waiving or impairing any equity, lien or right under or by virtue of the
Senior Mortgage.
In the event that the Borrower fails to comply with the requirements of this
Paragraph 5, then Senior Mortgagee, if it deems necessary, may place and pay for such
insurance, or any part thereof, without losing, waiving or affecting Senior Mortgagee's
option to foreclose for breach of this covenant, or any part thereof, or any right or option
under the Senior Mortgage. and every such payment shall bear interest from date thereof
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Subord Ap(all lenders)
Harding village(SAIL'HCRO) -O 16C5)
until paid at the Default Interest Rate (as said term is defined in the Senior Note), and all
such payments with interest as aforesaid shall be secured by the lien hereof. In the event
any loss or damage greater than Fifteen Thousand Dollars ($15,000) is suffered.
Borrower shall notify Senior Mortgagee of such loss or damage within two (2) business
days after the happening thereof; the failure to give such notice shall constitute an Event
of Default and the Senior Mortgagee shall have the rights herein given for all Events of
Default.
Notwithstanding the foregoing, the following provisions apply during the term of
the Senior Loan. Borrower shall, at all times, comply with the Florida Housing Insurance
Guide. For so long as the Senior Loan is not in the first lien priority position (i.e., there
are one or more loans senior to the loan), the Borrower shall comply with all insurance
requirements of the then first mortgagee, for minimum amounts, types of coverage,
cancellation clauses, deductibles, insurance carrier ratings and terms. During the term of
the Senior Mortgage, Borrower shall comply with such insurance requirements of the
then first mortgagee, and such policy or policies of insurance shall include Florida
Housing as additional insured, making all loss or losses under such policy or policies
payable to the Senior Mortgagee as its interest may appear (subject to the rights of the
first mortgagee, if any). The Borrower shall notify Florida Housing and the Servicer
(defined in the Construction Loan Agreement). at least sixty (60) days prior to the date
when the Senior Loan is anticipated to become the first lien mortgage, and provide
evidence that all insurance policies satisfy (or will satisfy on the date the Senior Loan
becomes the first lien on the Development), all of the requirements of Florida Housing.
Borrower acknowledges and agrees that Senior Lender's insurance requirements may
change from time to time throughout the term of the Senior Loan.
6. Modifications to Subordinate Mortgage. Borrower and Subordinate Mortgagees agree
that it will not modify any of the Subordinate Mortgages without the prior written consent of the
Senior Mortgagee.
7. Notices. All notices and other communications to be made or permitted to be made
hereunder shall be in writing and shall be delivered to the addresses shown below or to such
other addresses that the parties may provide to one another in accordance herewith. Such notices
and other communications shall be given by any of the following means: (a) personal service; or
(b) national express air courier, provided such courier maintains written verification of actual
delivery. Any notice or other communication given by the means described in subsection (a) or
(b) above shall be deemed effective upon the date of receipt or the date of refusal to accept
delivery by the party to whom such notice or other communication has been sent.
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Sonora Agt(all lenders)
Harding Village ISAIIJHC2003-016C5)
Senior Mortgagee: Florida Housing Finance Corporation
227 North Bronough Street, Suite 5000
Tallahassee, Florida 32301-1329
Attention: Executive Director
with a copy to: Latham, Shuker, Eden & Beaudine, LLP
I11 North Magnolia Ave., Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, Esq.
Subordinate Mortgagee: Carrfour Supportive Housing, Inc.
1398 S.W. 1st Street, 12th Floor
Attention: Stephanie Berman, President
Miami, Florida 33135
With a copy to: Legal Services of Greater Miami, Inc.
4343 West Flagler Street, Suite 100
Miami, Florida 33134
Attention: Shahrzad Emami, Esq.
Subordinate Mortgagee: City or Miami
With a copy to: City of Miami Office of the City Attorney
444 SW 2nd Avenue
Attn: J. Gigi Soliman
Assistant City Attorney
Miami, Fl. 33130
Subordinate Mortgagee: City of Miami Beach
Office of Housing and Community Services
1700 Convention Center Drive
Miami Beach, Florida 33139
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Subord Agl fan lenders)
Harding village(SAIL:I IC:2003-0160S)
Attn: Director
With a copy to: City of Miami Beach Office of the City Attorney
1700 Convention Center Drive, Fourth Floor
Miami Beach, Florida 33139
Attn: City Attorney
With a copy to: City of Miami Beach
1700 Convention Center Drive
Miami Beach Florida 33139
Attn: City Manager
Subordinate Mortgagee: Miami-Dade County
with a copy to: Office of County Attorney
Miami-Dade County
Borrower: Harding Village, Ltd.
c/o Carrfour Supportive Housing, inc.
1398 S.W. 1st Street, 12th Floor
Attention: Stephanie Berman, President
Miami, Florida 33135
With a copy to: Legal Services of Greater Miami. Inc.
4343 West Flagler Street, Suite 100
Miami, Florida 33134
Attention: Shahrzad Emami, Esq.
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Subord Vet(ad lenders)
Harding Village 1 SAIIJHG'2003-01605)
Either party may, by notice given pursuant to this Section, change the person or persons and/or
address or addresses, or designate an additional person or persons or an additional address or
addresses for its notices,but notice of a change of address shall only be effective upon receipt.
S. No Waiver. The giving of consent by Senior Mortgagee to the giving of the Subordinate
Mortgages is not and shall not be deemed a waiver of the Senior Mortgagee's rights to prohibit
any other junior mortgage of the Development. No delay on the part of Senior Mortgagee or
Subordinate Mortgagees in the exercise of any right or remedy hereunder or under the Senior
Mortgage or Subordinate Mortgage, respectively, shall operate as a waiver of any right
hereunder.
9. Counterparts. The parties hereto agree that this Subordination Agreement may be
executed in two or more counterparts. each of which shall be an original, but all of which shall
constitute one and the same instrument.
10. Costs of Enforcement. Should suit be brought to enforce the provisions of this
Agreement, the prevailing party shall be entitled to recover its reasonable attorneys' fees incurred
both at trial and on appeal.
11. Paragraph Headings. The headings of the various paragraphs of this Subordination
Agreement have been inserted only for the purposes of convenience, and are not part of this
Subordination Agreement and shall not be deemed in any manner to modify, explain or restrict
any of the provisions of this Subordination Agreement.
12. Choice of Law. This Agreement shall be construed, interpreted, enforced and governed
by and in accordance with the laws of the State of Florida, excluding the principles thereof
governing conflicts of law. If any provision shall he held prohibited or invalid under applicable
law, such provision shall be ineffective to the extent of such prohibition or invalidity without
invalidating any other provision of this Agreement.
13. Binding Effect. This Agreement shall be binding upon the Borrower and the Subordinate
Mortgagee and their respective successors and assigns and shall inure to the benefit of the Senior
Mortgagee. its successors and assigns.
[COUNTERPART SIGNATURE PAGES TO FOLLOW[
10
Subord Mt(all lenders)
Harding Village i SAIIJHC/1003-016CS)
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments /SAIL/Housing Credits/2003-016CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first written above.
SENIOR MORTGAGEE:
WITNESSES: FLORIDA HOUSING FINANCE
CORPORATION
Print:
By:
Hugh R. Brown
Print: General Counsel
[SEAL]
STATE OF FLORIDA
COUNTY OF LEON
The foregoing instrument was acknowledged before me this day of
, 2017, by HUGH R. BROWN, as General Counsel of the FLORIDA
HOUSING FINANCE CORPORATION, a public corporation and a public body corporate and
politic duly created and existing under the laws of the State of Florida, on behalf of Florida
Housing. Said person is personally known to me or has produced a valid driver's license as
identification.
Notary Public; State or Florida
Print Name:
My Commission Expires:
My Commission No.:
S-11
Subord Agt fall lenders)
Iiard]ng Village ISAIL/1103003-016CS)
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments/SAIL/ Housing Credits/2003-016CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first written above.
WITNESSES: SUBORDINATE MORTGAGEE:
MIAMI-DADE COUNTY
Print: Bv:
Print:
Title:
Print:
Approved as to form and legal sufficiency:
By
County Attorney
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
The foregoing instrument was acknowledged before me this day of
2017, by , as of MIAMI-DADE COUNTY, a political
subdivision of the State of Florida. Said person is personally known to me or has produced a
valid driver's license as identification.
Notary Public; State of Florida
Print Name
My Commission Expires:
My Commission No:
5-12
Suhord Agt(all lenders)
Harding Village LSAIVHC12003-016CS)
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments /SAIL/Housing Credits/2003-016CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and
year first written above.
WITNESSES: SUBORDINATE MORTGAGEE:
CARRFOUR SUPPORTIVE HOUSING,
INC.
Print: _
By:
Print: Stephanie Berman
Print:
Title: President
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
The foregoing instrument was acknowledged before me this day of
2017. by Stephanie Berman, as President of CARRFOUR SUPPORTIVE HOUSING, INC.. a
political subdivision of the State of Florida. Said person is personally known to me or has
produced a valid driver's license as identification.
Notary Public; State of Florida
Print Name
My Commission Expires:
My Commission No:
S-13
Subord Agit(all lenders)
Harding Village(SAIL.IHCR003-016CS)
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments /SAIL / Housing Credits/2003-016CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and
year first written above.
WITNESSES: SUBORDINATE MORTGAGEE:
CITY OF MIAMI
Print: By:
Print:
Title:
Print:
Approved as to form and legal sufficiency:
By
City Attorney
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
The foregoing instrument was acknowledged before me this day of
2017, by , as of City of Miami, a municipal corporation of the
State of Florida. Said person is personally known to me or has produced a valid driver's license
as identification.
Notary Public; State of Florida
Print Name
My Commission Expires:
My Commission No:
5-14
Subord Aa[(all lenders)
Harding Village(SAII.iHeig003-016CS)
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments/SAIL / Housing Credits/2003-016CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and
year first written above.
WITNESSES: SUBORDINATE MORTGAGEE:
CITY OFiMt MM BEACH
J / � � 'y II
Print: �f ',�,b I1!! 4 By: /&&
na /«!�✓I/� -fPl�'
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f Tine: r S6i-nn+ Gtr Manage✓
Print: -5q-cc__( l
Approved as to or``i and legal sufficiency:
By D.v1 �r� B' qC if:
City Attorney
.. �'� ZhSA e-1
Rae,. .,..•
K-,27
, Gran.
ci r. �)
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STATE OF FLORIDA t LopLopCOUNTY OF MIAMI-DADE @ `` ' . f
The foregoing instrument was ac i,ggar4C4Yre me this a-? day of
2017, byi G�
avQ /mitWas £ ilza/6t, `- of City of Miami Beach, a municipal corporation
of the State of Florida. Said person is personally known to me or has produced a valid driver's
license as identification. DEC 2 7 2017
Notary Public: State of Florida
Print Name h.&
! !�
My Commission Ex. rf." "OV«P." a"IO Fbida
My Commission No ;Year". ocr"2"
S-I5
Subord Agt tall lenders)
Harding Village l S A IC/2003-016CS
COUNTERPART SIGNATURE PAGE TO
SUBORDINATION AND CONSENT AGREEMENT
(Harding Village Apartments/SAIL/Housing Credits/2003-0I6CS)
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first written above.
WITNESSES:
_ BORROWER:
Print:
HARDING VILLAGE, LTD.
A Florida limited partnership
Print:
By: HARDING VILLAGE, INC.,
a Florida non-profit corporation, its
general partner
By:
Stephanie Berman
President
STATE OF FLORIDA
COUNTY OF MIAMI-DADE
The foregoing instrument was acknowledged before me this day of_ , 2017, by
STEPHANIE BERMAN as President of HARDING VILLAGE, INC. a Florida nonprofit
corporation, as general partner of VILLAGE HARDING, LTD.. a Florida limited partnership.on
behalf of the corporation and the limited partnership. Said person is personally known to me or
has produced a valid driver's license as identification.
Notary Public; State of Florida
Print Name
My Commission Expires:
My Commission No:
S-16
Subord Age(all lenders)
Harding Village(S AIl(I102003-0IbCS)
EXHIBIT "A"
LEGAL DESCRIPTION
(Harding Village Apartments)
Lots 10, I I, 12, 13, and 14, Block 4, BEACH BAY SUBDIVISION, according to the Plat
thereof, as recorded in Plat Book 44, at Page 25, of the Public Records of Miami-Dade County,
Florida, less the Easterly 2.5 feet for Right-of-Way
S,mord Ayl(all lenders)
Hard(ng Wine(SAa/HC12003-0I6cs)