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2003-25168 Reso RESOLUTION NO. 2003-25168 A RESOLUTION APPROVING A SETTLEMENT REGARDING LIENS ON REAL PROPERTY AT 320-330 86TH STREET OWNED BY MACLAUD CORPORATION PROVIDING THAT LIENS IN THE AMOUNTS OF $235,416.80 BE SETTLED FOR THE AMOUNT OF $23,541.60. WHEREAS, the property at 320-330 86TH Street have accumulated as a result of property maintenance violations, failure to have a certificate of use and painting without a permit in the amount of $235,416.80; and WHEREAS, the principal of MacLaud Corporation, Guillermo Marin, was incarcerated for ten years in the federal penal system; and WHEREAS, Guillermo Marin's sister, Claudia Marin, was the registered agent of the corporation and had the responsibility of managing the property; and WHEREAS, Claudia Marin did not correct the violations and allowed fines to accrue and also allowed the mortgage held by Private Funding Group to go into default; and WHEREAS, Guillermo Marin was released in October 2002 and has since resumed his duties as landlord of the property and began settlement negotiations with the Administration and also began negotiating terms to refinance the property; and NOW, THEREFORE BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA that a settlement for outstanding City liens at the property of 320-330 86th Street in the amount of $235,416.80 is hereby approved (Special Master cases JC01000064, JC01000266, JC01000422, and JC991 071) upon payment of the sum of $23,541.60 and all outstanding utility and city bills totaling $16,205.53 (Account Number 515329 and City Bills CB68413, CB68279, CB68267, CB68265, CB59590, CB59671) by MacLaud Corporation to the City of Miami Beach; and further that the City Manager shall be authorized to execute any and all necessary documents to complete such lien release and settlement subject to the approval of the Special Master. PASSED AND ADOPTED THIS 9th DAY OF ,2003. ATTEST: UuJJavJw.- City Clerk APPROVED AS 10 fORM & lANGUAGE & FOR ON ~;-t:)j o. CITY OF MIAMI BEACH COMMISSION ITEM SUMMARY m Condensed Title: A resolution approving a settlement regarding liens on real property at 320-330 86'" Street owned by MacLaud Corporation providing that liens in the amounts of $235,416.80 be settled for the amount of $23,541.60. Issue: Shall the City Commission approve a settlement regarding liens on the property at 320-330 86'" Street? Item SummarY/Recommendation: Since 1999 liens on the property at 320-330 86' H Street have accumulated as a result of property maintenance violations, failure to have a certificate of use and painting without a permit in the amount of $235,416.80. The liens were levied against the owner Maclaud Corporation. The principal of MacLaud Corporation, Guillermo Marin, was incarcerated for ten years in the federal penal system. During this time, Guillermo Marin's sister, Claudia Marin, was the registered agent ofthe corporation and had the responsibility of managing the property. Over the period of time the fines were being assessed to the property in question, Claudia Marin did not correct the violations and allowed fines to accrue. Ms. Marin also allowed the mortgage held by Private Funding Group to go into default. Guillermo Marin was released in October 2002 and has since assumed responsibility of operations for the corporation. In November 2002 he began settlement discussions with the Administration regarding the reduction of the lien associated with the property. Mr. Marin also began negotiating terms to refinance the property rather than allow the pending foreclosure action to proceed. The total pay-off on the current mortgage is $1,003,447.26 plus two years of taxes due which amount to $46,001.16 totaling 1,049,448.42. The property was assessed in 2002 by Miami-Dade County and valued at $933,536.00. Private Funding Corporation has agreed to lend MacLaud Corporation the sum of $1,100,000.00 with the borrower coming up with $10, 936.18 at closing. The Administration recently concluded settlement discussions and agreed in the amount of $23,541.60 for the outstanding City liens totaling $235,416.80. MacLaud Corporation further agrees to pay all outstanding utilitv and citv bills, which total $16,205.53. Advisory Board Recommendation: I N/A Financial Information: Source of Amount Account Approved Funds: 1 D 2 3 4 Finance Dept. Total Ci Clerk's Office Le islative Trackin Robert C. Middaugh L. AGENDA ITEM C7f1 DATE '1-9-<;,3 CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH, FLORIDA 33139 www.ci.miami-beach.fi.us COMMISSION MEMORANDUM Mayor David Dermer and Date: April 9, 2003 Members of the City Commission Jorge M. Gonzalez ~ ~J.(.6 City Manager ~ '- A RESOLUTION APPROVING A SETTL NT REGARDING LIENS ON REAL PROPERTY AT 320-330 86TH EET OWNED BY MACLAUD CORPORATION PROVIDING THAT LIENS IN THE AMOUNTS OF $235,416.80 BE SETTLED FOR THE AMOUNT OF $23,541.60. ADMINISTRATION RECOMMENDATION To: From: Subject: Adopt the Resolution. ANALYSIS Since 1999 liens on the property at 320-330 86TH Street have accumulated as a result of property maintenance violations, failure to have a certificate of use and painting without a permit in the amount of $235,416.80. The liens were levied against the owner Maclaud Corporation. The principal of MacLaud Corporation, Guillermo Marin, was incarcerated for ten years in the federal penal system. During this time, Guillermo Marin's sister, Claudia Marin, was the registered agent of the corporation and had the responsibility of managing the property. Over the period of time the fines were being assessed to the property in question, Claudia Marin did not correct the violations and allowed fines to accrue. Ms. Marin also allowed the mortgage held by Private Funding Group to go into default. Guillermo Marin was released in October 2002 and has since resumed his duties as landlord of the property. In November 2002 he began settlement discussions with the Administration regarding the reduction of the lien associated with the property. Mr. Marin also began negotiating terms to refinance the property rather than allow the pending foreclosure action to proceed. The total pay-off on the current mortgage is $1 ,003,447.26 (attachment 1), plus two years of taxes due which amount to $46,001.16 (attachment 2) totaling 1,049,448.42. The property was assessed in 2002 by Miami-Dade County and valued at $933,536.00. Private Funding Corporation has agreed to lend MacLaud Corporation the sum of $1,100,000.00 at 10% interest amortized over 25 years with a 5 year balloon with the borrower paying $10,936.18 at closing (attachment 3). The Administration recently concluded settlement discussions with an agreement between the Administration and MacLaud Corporation in the amount of $23,541.60 (ten percent 10%) for the outstanding City liens totaling $235,416.80. MacLaud Corporation further agrees to pay all outstanding utility and city bills, which total $16,205.53. Total Payoff (including principal, interest, penalties & Attorney's Fees $1,003,447.26 Taxes Due (two years) $46,001.16 Subtotal $1,049,448.42 Settlement for outstanding City liens of $235,416.80 $23,541.60 Utility and City Bills (Past Due and Current) $16,205.53 Total $1,089,195.55 Loan amount (Borrower pays closing costs) $1,100,000.00 Furthermore, Private Funding Group filed their lis-pendens August 7, 2000, which predates all, except one (JC991 071) of the City's pending liens. If the property is allowed to go into foreclosure, Mr. Marin will lose the property and the City would only be able to collect on the lien predating their lis-pendens valued at $14,694.90. The Administration believes that this is a fair and equitable settlement given the nature of the violations (non-life safety) and the equity of the property in question. ~.~E~~m?n\~a:I~~~O~6 Street Lien Settlementdoc GARCIA, PEREZ-SIAM & ASSOCIATES Altorncys At L.1W Carlos Garcia, Esq. Frank. Pc:re;c.Siam. Esq. Niurk.{l R. Piedra. Esq. Maru'lla Mainic:ri, Esq. 4100 Red Road South Mi.uni. Florida 33155 March 6, 2003 SENT VIA FAG.SJ:1tIJJ.E .' Richard K. Stanton, P.A. H.ich~rd K. Stant.on, Esquir.e Two Alhambra Pl"z,). Suite S08 Coral Gables, Florida 33131 TelephClne: (305) 447.6609 I:",csimile : (78/i) 2(,87570 Email: garciaj)l!rc7.~iilm@:101.(()m Rc: Privat!~ _E,l"mdina Group mortqag.e loan to MaCIOSl.ud Corp__. Casc No. 00-191S2 CA 22 Dear Mr. Stantoll: This office rE'!presents connection with the above foreclosure. B!!low is the f.;um Private Funding Group, Inc., mortgage which iR currently currently due and ow.i.ng; in in Principal Balance Due Int(.::rcst. J)ue (12/3/00 to 3/15/03) (@ $277.71 per day 833 days) Late Payrrllmt Fines Reinstatement Fee Collectioll Pee Impound Billu.nc~ Filing Fel! Service of Process Title Search / Examination Attorneys Fees Total Duc to Pay-Off.: $ $ 765,Ofl9.02 231,357.47. $ $ $ ( <- .~ 14-,~.:27.36 1-:;0. o.Q 26,661.51) $ 188.00 300.00 350.00 19,'250.00 ,.. " $ $ $1,003,1147.26 The pay-of1: balance sct forth above j.s good through March 15, 2003. r>lc<J.se allow five (5) days for depolJit. and clearance. Garcia, Pe~ez-Siam & ~ssoci<J.tes Frank P~r<.:lz-Siam, BzquirE'! FPS/yc cc: File ell en t e'd OLgL-B92-9BL .~ss~, W~IS-Z3~3d'~I~~~~ dLy:20 eo 02 ..H1W Miami-Dade My Home My Home 'il11witt!JJJ1J}XJJ1J!J Show Me: I Property Information J.I Search By: I Select Item ..:1 Summa Folio No,: Pro e : Mailing ddress: Details: 02,3202,005.0290 320 86 5T MACLAUD CORPORATION 320,330 86 ST MIAMI BEACH FL 33141,4809 Property Information: Primary 14000 RESIDENTIAL MUL TI- 170ne: FAMILY, MEDIUM DENSITY CLUC: ~003 MUL TIFAMIL Y, ~PARTMENT5 Beds/Baths: 124/24 Floors: 12 Livina Units: 24 V'dj Sq 18,443 Footaae: Lot Size: 18,000 SQ FT Wear Built: 1955 BEACH BAY SUB PB 44,25 Legal LOTS 6 & 7 BLK 4 LOT SIZE Description: 120.000 X 150 OR 18794- 1015609994 Sale Information: Sale O/R: 18768,0172 ale Dale: 8/1999 Sale Amount: 550 000 Assessment Information: ear: 2002 2001 Land Value: $374,400 $288 000 Buildina Value: $559,136 $489,735 Market Value: $933,536 $777,735 ","sessed Value: $933,536 $777,735 otal $0 $0 Exemptions: axable Value: $933,536 $777,735 Page I of2 ACTIVE TOOL: SELECT tv' "'[II~ ("J .11. I Digital Orthopholography , March 2001 0_108ft My HOrn!> I propertylnfOfmation I Property Tax!>s IIIIIy N!>ighllorhood I Property Appraiser Home I Using Our Site I About I Phone Directory I Privacy I Disclaimer (I~ If you experience technical difficulties with the Property InformatIon application, please click here to let us know. E-mail your comments, questions and suggestions to IN.ellmuter Well Site @2002 Miami-Dade County. All rights r!>s!>rv!>d. http://gisims2.co.miami-dade.fl. us/my home/propmap.asp?app=propmap&bytool= AD D R&... 3/28/2003 Miami-Dade County. Real Estate Tax Information . Real Estate Tax Information lilt1:iJ;,-,'t;lfrt~ Show Me: I Property Taxes ... Search By: ISelectltern II Detail Tax Information: Beal );J~tate Tax Info ;2QQ;2.Taxes Prior Years Taxes Due ;200;2 Non-Ad Valorem Z.O_Q;2__61:!.~KA~~~sslJ1ents ;2QQ;2 E:nterpri!>e folio ;2QO;2 Hi!>toric::al Abatements 2003 Quarterly Payments @ 2002 Miami-Dade County. All rights reserved. Real Estate Tax Information Tax Today's Date: 03/21/2003 Last Update: 03/18/2003 Year: 2002 Folio Number: 02 32020050290 MIAMI BEACH Owner's Name: MACLAUD CORPORATION Property Address: 320 86 ST .... Prior Years Taxes Due .... Mailing Information: MACLAUD CORPORATION 320-330 86 ST MIAMI BEACH FL 331414809 Legal Description: BEACH BAY SUB PB 44-25 LOTS 6 & 7 BLK 4 LOT SIZE 120.000 X 150 OR 18794-0156 09994 Amounts due if paid by 03/21/2003 in U.S. funds 2002 Taxes 23407.94 · Prior Years Taxes 22593.22 Total Amount 46001.1E If payment is not received or postmarked by the specified date the total amount due is subject to change. . Prior years taxes must be paid by cashier's check, money order or certified check in U.S. funds. Amounts due are subject to change without notice. Page I of I MtJ . Conta( p mial (30e Dowr 140 II R Mian South 1071( R Mian Off ~ 8:30 ( ReI; Is;! Prop' Floridi R, Proeertv Tax Home I Real Estate Tax Info 12002 Taxe~ I ErjQr YeafJl 12002 Non-Ad..Y 2002Elack,l\ssessments 12002EnteIPriseFolio 12002HistofiCllIAbatementl; 12.9o.3Q.uaITe Miami,DadeHome I Using Ouf Site I Aboul I PhoneoirectolY I PrivaCY I .oj~cl.a.i.o E-mail your comments, questions and suggestions to Webmaster I q))IS-~~ ~~-J) http://egvsys.miamidade . gOY: 1608/wwwserv 1 ggvt/txcawO l.dia?folio=023 2020050290 3/21/2003 HUD-1 A. Settlement Statement B. Type of Loan U.S. Depamnent of HOUiing and Urban Dellelopment OMB No. 2502-1)265 .) ,. FHA "4. V.A, ,~) 2 FmHA . I 5. Conv. Ins. - ; 3. Cony. Unins. 6. File Number 02-172 7. Loan Number 8. Mortg. lns. Case Hum. 10 C. NOTE:This form is furnished to give you 8 statement of actual settlement costs Amounts paid to and by the settlement 8gent are shown. IIams marked "(p.o_c.). were paid outside the closing; they are shown here for informational purpo~ and are not included in the totals D. NAME OF BORROWER: Address 0' Borrower: MacClaud Corporation, a Florida corporation 320 86th Street, Apt. #10, Miami, Florida 33141 E. NAME OF SELLER: Add,... of Seller: F. NAME OF LENDER: Address of Lender: G. PROPERTY LOCATION: H. SETTLEMENT AGENT: Place of Settlement: I, SETTLEMENT DATE: TIN: Private Funding Group. Inc. 4100 Red Road, Miami, Florida 33155 320-330 86th Street, Miami, Florida 33141 Garcia, Perez-Siam and Associates 4100 S.W. 57th Avenue, Miami, Florida 33155 4/4103 TIN: 65-0368310 Phone: 305-447-6609 DISBURSEMENT DATE: 4/4/00 l-SUmmary of borrower's transdctlor. - ------------==- -=---~s l..-a_n-s~u::t~~-==--- 100 Gross amount due from borrower' 400 Gross amount due to seller: 101, Contract sales price 401. Contract sales price 102, Personal property 402. Personal property 103. Settlement charges to borrower (Line 1400) 100,267.68 403. 104, Payoff of first mortgage loan 1.010,658,50 404, 1 OS. Payoff of second mortgage loan 405. '. , , ., " 0.' . " 106. Cityl10wn taxes 406. CityJtown taxes 107. County taxes 407. County taxes 108. Assessments 408. Assessments 109. 409. 110. 410. 111. 411. 112. 412. 120. Gro.. amount due from borrower: 1,110,936,18 420. Gross amount due to seller: 0,00 " 0.0. .. to -., , 201. Deposit or eamest money 501, Excess deposit (see instructions) 202. Principal amount of new Ioan(s) 1,100,000,00 502. Settlement charges to seller (line 1400) 203, E.xisting loan{s) taken subject to 503. Existing loan(s) taken subject to 204. Principal amount of second mortalloe 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. Deposits held by seller 207. Principal amt of mortgage held by seller 507. Principal amt ofmortoaae held by seller 206. 508. 209. 509, ., , ., 0.01 210. Cityltawn laxes 510. CityJtown taxes 211. County taxes 511. County taxes 212. Asse$sments 512, Assessments 213, 513, 214. 514. 215, 515. 216. 516 217, 517 218. 518, 219. 519, 220. Total paId bylfor borrower: 1,100,000,00 52Q. Total reductions In amount due selle..: 0,00 " .. ." . , 301. Gross amount due from borrower 1,110,936,18 601. Gross amount due to seller 0,00 (line 120) (line 420) 302. Less amount paid byJfor the borrower (1,100,000.00) 602. Less tolal reductions in amount due seller 0.00 (line 220) (line 520) 303, C.sh ( ~ From - To ) Borrower: 10,936,18 603. C.sh ( [J To :::::J From ) Seller: 0.00 - Substitute Form 1099 Seller Statement: The infonnation contained in blocks E, G, H, and I and on line 401 is important tax information and is being furnished to the IRS. If you are required to file a return, a negligence penaky or other sanction will be imposed on you if this item is required to be reported and the IRS determines that it has not been reported. Seller I...tructions: If this real estate was your principal residence, rile Form 2119, Sale or Exchange of Principal Residence, for any gain, 'Nitll )'ourtax retum; for other transactions, complete the applicable parts of Form 4797. Form 6262 arld/or Schedule 0 (Form 1040). Double-TimBll Z'd Ol.S1.89Z981. JOSS~'W~IS-Z3~3d '~IJ~~~ d\\:ZO EO ZO ~d~ HVD-1 U.S. Department of Hou:::&ing and Urban Development Page 2 ;. . , Paid trom Paid from 700. Total Sales/Brokers Com. based on price @ %- Borrower's Seller's 701. %to Funds at Funds at 702. Settlement Settlernent %to 703. Commission paid at settlement 704. to , .. :. . - ~. ., 801. Loan origination fee 0.5000 % to Private Funding Group, Inc. 5,500.00 802. Loan discount %10 803. Appraisal fee to 804. Credit report to 805. Lender's inspection fee 10 BOO. Mortgage insurance application fee to 807. Assumption Fee to 808. to 809 to 810. to 811. to . .. .. ... . . 901, Interest from 05/01/03 to 04/04/03 t!i) 298.3562 Ida" -B,055.62 902. MortQaQe insurance premium for months to 903. Haz.ard insurance nremium for vears to 904. Flood insurance premium for vears to 905. years to I . . , .' " 1001. Hazard insurance months t!i) oer month 1002, Mortgage insurance months /1i') ner month 1003. City property taxes months /6) ner month 1004. County property taxes months lID oer month 1005, Annuat assessme1'1ts months Ii!! ner month 1006, Flood insurance monthstiD !1ermonth 1007, months Ifj) oer month 1009, months IBl I'lPrmonth 1009, Aggregate accounting adjustment II .," .. , 1101. Settlement or closing fee to Frank Perez-Siam, PA 295,00 1102. Abstract or title search to Frank Perez-Siam, PA 295.00 1103. Title examination to Frank Perez-Siam, P,A. 295,00 t 1 04. Title insurance binder to 1105. Document preparation to 1106. Notary fees to 1107. Attorney's Fees to Frank Perez-Siam, P.A. 1,500.00 (in~udes above item numbers: i 106. Title Insurance to Garcia, Petez4Siam and Associates .. (includes above item numbers: 1109. lender's coverage (Premium): $1.100.000,00 ($5,325,00) 1110, Owner's coverage (Premium): 1111. Endorse; f9-532.50 532,50 1112. to 1113 10 I .. '. .' 1201. Recording fees Deed Morto.oe's' 591.50 Releases $21.00 11250 1202. City/county tax/stamps Deed Mortoeoe's' $2,200.00 2,200.00 1203. State lalC/stamps Ceed Mortoaoe'sl $3,950.00 3,850.00 1204. 10 1205. 10 . .. , . .' . 1301. SUlVeY to 1302. Pest Inspection to 1303. Redemption of2001 TaxCerticate to Miami Dade Tax Collector 22,593.22 1304. 2002 Real Property Taxes to Miami Dade Tax Collector 24.113.69 1305. Po.. Prop Txs 40,079506 & 14-836519 to Miami Dade Tax Collector 1.741,27 1306. Water/Sewer/Strm WalerlWaste to CITY OF MIAMI BEACH 16,205.53 1307_ Spec Mser Liens (4 Uens & 6 CHy Bills) to CITY OF MIAMI BEACH 23,541.60 1308_ lien Letters to ABRAMOWITZ TAX LIEN SERVICE. INC. 123.00 1309. Additional expenses (See Attached Addendum) 100.00 I .' I / Enter on lines 103 Section J and 502. Section K ) 100,267.68 0,00 I have carefully reviewed the HUD-1 Settlement Stalementand 10 the besl of my knowledge and belief, it is a ltue and accl;rate statemenl of all receipts and disbursemenls made on my i1cccunlor by me in Ihis transaction. Il'urther certify that I have received a copy of the HUD-1 Settlement Statement. Borrower Seller Borrower Seller The- HUD-1 SetIlement Stalemenl which I have prepared Is alrue and accurate 8CCOuntof this transaction. I tlavecaused, or will cause. lhe tundslo be disbursed in accordance withttrissta1ement Garcia, Perez-Siam and Associates By: As Its Authocized Representative Date WARNING: It Is a crime 10 kna.vlngly make false statements to the Uniled Slates on this or any other simitar form. Penalties upon convic:~on can Include aMe and Imprisonment. For de1allssee: Title 18 U.S. CodeSec:tion 1001 and Section 1010. DoubleTlmel> E"d Ol.Sl.B9G9Bl. 30SS~~W~IS-Z3~3d '~I3~~~ drr:Go EO GO ~d~ HUD-l SETTLEMENT STATEMENT ADDENDUM FILE NUMBER: 02.172 NAME OF BORROWER: MacClaud Corporation, a Florida corporation Address of Borrower: 320 86th Street, Apt. #10, Miami, Florida 33141 NAME OF SELLER: Address of Seller: NAME OF LENDER: Private Funding Group, lnc. Address or lender: 4100 Red Road. Miami, Florida 33155 PROPERlY LOCATION: 320-330 86th Street, Miami, Florida 33 1 41 SETTLEMENT AGENT: Garcia. Perez-Siam and Associates Place of Settlement: 4100 S.W. 57th Avenue, Miami, Florida 33155 SETTLEMENT DATE: 4/4/03 DISBURSEMENT DATE: 4/4103 Itemization of Additional HUD Line Items DescliDlion Pavee Borrower POC SaUer poe ~ ~ Courler Frank Perez-Slam, PA 100.00 Total HUO Line 1309 Expense: 0,00 0.00 100,00 0.00 This addendum is attached to a HUD-1 Settlement Statement executed by the aforementioned parties and is attached to said HUD Statement for the purpose of itemizing expenses reflected on line 1309 of page 2 thereof. Borrower's Initial(8); Seller's InitiaJ(s): I I I I ...d 30SS~~W~IS-Z3~3d '~I3~~~ Ol.Sl.BSGSBl. OoubleTimft> djj:GD &0 GO ~d~ ) PRIVATE FUNDING (; H () l, P Max Sklar City of Miami Beach 1700 Convention Center Drivc Miami Beach. Florida 33139 March 24. 2003 Re: Private Funding Group vs. Maclaud. Corp. Case No. 00-19152 CA 320-330 86lh Street, Miami Beach, Florida Dear Mr. Sklar: The purpos~, oi'this letter is s~t forth the valuation or the real property set forth above. As you may know, when this loan was uriginally approved in 2000 we had an appraisal done. At Ulat time, the value estimated by a licensed and certified appraiser wao; $960.000.00. Since that lime is our opinion that the property wa... poorly managed ercating the existing derault in the mortgage and the problems with thc code violation. Since Mr. Marin has managed the property we have seen and experienced substantial differenced in the udministration of the property. Unfortunately, due to the prior mismanageml;.'1lt, Mr. Marin has not bcl;.'U able to dig himsell' out of the hole I;."reated by prior management. We have reluctantly decided to re-tinance the property in order to give Mr. Marin a tinal opportunity to save his property. As you know, valuation of this type of property depends very much upon the income derived from the property and thc proper administration of the expenses. Wc do not belicve there is substantial equity in this property and would rathcr be paid ofT. Ilowcvcr, due to the problems mcntioned above no institutional lender would approve the loan. We have agrced lend Maclaud Corporation the sum or$I,075,000.00. with the borrower paying the closing costs. If Mac1aud e<mnOI resolve the issues with the pending code violations, we will bc required lo prUl:ccd with our pending foreclosure action. Thc filing of' our lis-penden in Lhe loreclosure action pre-dales the code violations and the CiLy ol'Miami Beach would not rcceive payment 0(" any lines. We are truly attempting to give Mr. Marin another opportunity to save his property and hope you assist him as well. SinCerelYC( . ..."\ I~rivatc F om,g G )UP, Inc. '--rsraeJjJ>er Z-SiamCSident I ,11i~1 Ill'" Ilo,ut. South M'''"l1.I'j .\..1 ~,~I,'kl'h<II1l': (.lOS)447.(>NN . ";"SllInl,,': usr.) )M, 7-'70 2'd OLSL-892-98L '~SS~ ~ W~IS-Z3~3d'~I~~~~ d9,.:20 eo 92 .Jew 1700 CONVENTION CENTER DRIVE. MIAMI BEACH FL 33139,1824 m 6. CITY OF MIAMI BEACH March 21, 2003 Property Address: RE: Telephone (305) 673-7590 Facsimile (305) 604,2428 .-...,--,...-,-.., --"--"'''"'''''' 320-330 86TH STREET 795 10817 VS STATEMENT# PLATE # THIS IS TO CERTIFY THAT THE FOllOWING MUNICIPAL LIENS OR ASSESSMENTS ARE DUE AND PAYABLE AGAINST: LOTS 6 & 7 BLK 4 BEACH BAY Charge Type 1) UTILITY BILL: a) Water b} Sewer c) Storm Water d) Waste Impact 2) BOARDING.lJP LIENS 3) RESORT TAX LIENS" 4) SPECIAL ASSESSMENT 5) SPECIAL MASTER' 6) CITY BILLS 7) PERMITS, CERTIFICATE OF USE, LICENSES 6) CITY CODE VIOLATION g) OTHER TOTAL AMOUNT DUE i ' . . '515929... .!'03/06f2(fl)3 .....104701/031 .-3'26~87 ..... .. :''[4015:341-. ..... ...:. I ... .. ...5f5929.' 'i..iI3f06f2003.r04/(f1T03r.-3~lJ.78 ....-r.' ............ -1..'. ...i"..-- 390~78-~ . ....... ...5f5929 ... .. '..'MJ1:R.03.....-04/01103'".f32:1111.....r.......l.. ..1 "'...'--r--..' ..:-f13nfl)-"~ " ...... ~.~s:9~.~....1 _" ...".............1.11~~f~~?01~I,l.1.~.~.~~I1Tll.ll.1.1..li'::=.I==II.==I.=_11=I~!6,::0~'::1~ ,1 ~ ~ ~~36;1- ~~ L~A~~~~~ ~~P~"~~ I ~ =~~ ~ ~~ ~ ~ ~ ~{:: :~=: ~==: :=:=:=:~::J ",... - -. -. .. . ". . - --.. - -. -. - ,. -"... -"-".i"-~-._-.-.+-.__-_I-.-~ Ilill'l':: 111,11 I" I:' I I I I.l = I I '111.':: I .! III II I,I= I '1 I=== == f.=-=-=-=-=..::.t::===--. L.::-i~~~%= !"'JC"0100llll1f4'-"--'-"".--- .~--._-.i-..._-....-..--1-80;2f5~OO+.---.--+--. . 8 ,O.~O. ' JClJ11100266-.r---.---.,+. ........--r96;296~791.---...........1---. -.- T96-;296:79 -JCOlOO'0422r' ,-..44",150T1--.---1-.----"- 44;r50.1 .'JC'9~101f'.'.-..---_. .1--.-----" ""'1' f4,69Ull'---."-:-"---' - $1'4,694.90. .., , , -... .-. ...--.,-,.-----' ,-- "....-.-. "..-.--- ..-.t- ..-...-- -:-.-"..-- --.-$O]jb--.- -.-.---.-.-1..- ....... . ..----- -.- .-$40'4:0'0':-"$'26':9'6'---.--- ""$430.96 .---- ....,-.-... .....".. '"$,[00':0'0':-'- -"$6:64:---.------+"1106:114- -"$lO'O'~1l0'I'-'-"$6:641r -,-,-. -.+-'$1'06.64 .."$l'OO']]lJr---."$1r.If4r--'---- ~l106.64 -1i'307~93-"f'2'5:73r -'"C .. .. CB'59590.. .... .CB'5967f.- 'IF NEEDED PHONE #(305) 673,7181 >>(305) 673,7447 ADDITIONAL BILLS MAY BE DUE FROM DATE OF LAST REGULAR READING TO DATE OF FINAL READING. ALL DELINQUENT CHARGES BEAR A PENALTY OF 10%. RECORDED LIENS BEAR INTEREST AT 12% PER ANNUM. UNPAID AND/OR DELINQUENT CHARGES TOGETHER WITH ALL PENALTIES IMPOSED THEREON. SHALL REMAIN AND CONSTITUTE SPECIAL ASSESSMENT LIENS AGAINST THE REAL PROPERTY. I hereby certify that this Lien Statement is a true and accurate reflection (as of the date of this Lien Statement of lhose Liens and lor City Bills (per the files of the City of Miami Beach Finance Department) due and owing the City of Miami Beach regarding the sub" t PATRICIA D. WALKER, CHIEF FINANCIAL OFFICER SUBCRIBED AND SWORN TO before me t N ARYSEAL ISABEL BARRABEITG I NOl'ARY PUBUC STATE OF R.ORIDA COMMISSION NO. CC'13f1169 MY COMMISSION EXP. MAY lS vs. ~l c.-: Page 1 of 3 lMAGEOl : FL-02-114636-2 07/11/200203:20:25pm . ,,\-.\ ( ~'N t.'h01 I , .. IN THE CIRCUIT COURT OF THE 11TH JUDICIAL CIRCUIT IN AND FOR DADE COUNTY, FLORIDA PRIVATE FUNDING GROUP, INC., a Florida corporation, GENERAL JURISDICTION DIVISION CASE NO. 00-19152 CA 22 PLAINT I FF, t '" MACLAUD CORPORATION, a Florida corporation, et aI, John Doe and/or Jane Doe Tenant (s) in Possession 1 through 24, '.' ,,' 1 ~) :'~Ul DEFENDANTS. I L. ('S.:. 'f.i:tl..it ~~'~~"i l:CUns , J J! . J ,~ -.J / DEFAULT FAULT JUDGMENT OF FORECLOSl1RE {if .. THIS CAUSE, came 011 to heard before me this day upon Plaintiff's Motion for Default Final Judgment of Foreclosure and the Court being fully advised in the premises, it is ORDERED AND ADJUDGED, as follows: 1. That due and legal service of process has been had on all Defendants in this cause; that the Court has jurisdiction of the parties to the said cause and of the subject matter thereof; that the allegations contained in the Complaint to Foreclose have gone undisputed by the Defendants and been proven by competent evidence and the equities in this cause are with the Plaintiff. 2. That l"RANK PEREZ-SIAM, ESQUIRE, At torney for the Plaintiff, is awarded the attorney's fee set forth in Paragraph 3, below. 3. That there is now due and owing to the Plaintiff the following Bums of August 1, 2001: Principal Amount Due Late Payment Fines Interest I~ 13.25%) from 12/03/00 through 01/03/01 Interest from 01/04/01 to 08/01/U (209 days \!l $531.31/day) PFG Collection Fee $765,089.02 $ 5,268.48 $ 10,137.30 $111,044.17 $ 150.00 Ofr.miX.: 19772PGq906 1 $ i 182.00 Filing Fee IMAGEOl : FL-02-114636-2 07/11/200203:20:25pm Page 2 of 3 Record Lis Pendens Service of Process Title Search Fee Attorney's Fees $ 6.00 . $ 300.00 (;...f $ 350.00 .,-~.'. ,"j $ ,-3, So eEl. tlO J ~, L (. J. 4. That the Defendants shall pay forthwith the amounts hereinabove recited. <7'f'U ').[.""7 ~ I, l unto the Plaintiff 6j).-f fol.' a total due to plaint Hf of $ a.-~-97. :'. That in the event of default of said payment being made as hereinabove Ol-dered, then the liened premises described in the Complaint for Foreclo:;e, to wit: Lot 6 and Lot 7, in Block 4, of BEACH BAY SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 44, Page 25, of the Public Records of Miami-Dade County, Florida. sha~ be sold at publ).,c saleet f/:otj o'clock on the (1)-( day of Ut:t~'f . 2001, to the highest and best bidder or bidders for c~~,..at 140 West Flagler Street, Room 90B, Ninth Floor, in the City of Miami, Florida, providing the Plaintiff or Plaintiff I s Agent is present, and the Clerk of the above-styled Court is hereby directed to give notice as required by the Florida Statutes. 6, The Plaintiff shall advance the cost of publishing the Notice of Foreclosure Sale and the Clerk's fee for making .the sale and shall be reimbursed therefore by the Clerk out of the proceeds of the sale if the Plaintiff shall not become the purchaser of the property at the sale. 7. The plaintiff may be bidder for the purchaser of the property at the sale. If the Plaintiff shall be the purchaser at the sale, the Clerk shall credit on the bid of the plaintiff, the total sum herein found to be due the Plaintiff, or such portion thereof as may be necessary to fully pay the bid of the Plaintiff, except that the sums mentioned in Paragraph Sa. of this Judgment must be paid in cash, 8, After confirmation of the sale, whether confirmation be by the Clerk filing the Certificate of Title, or by Order of this Court ruling upon obj ections to that sale, the Clerk shall make distribution of the proceeds of that sale by paying: a. All costs and expenses of these proceeedings subsequent to the entry of this Judgment, incl1.lding the cost of publishing the Notice of Foreclosure Sale and the Clerk '5 fee for making this sale, to FRANK PEREZ-SIAM, Attorney for Plaintiff. b. '1'0 FRANK PEREZ-SIAM, the attorney I s fees awarded to the Attorney for Plaintiff. OiF,mU) I 9 77 2 PG 4 9 07 IMAGEOI : FL-02-114636-2 07/11/200203:20:25pm Page 3 of 3 .. c. The total sum herein found to be due to the Plaintiff as set forth in Paragraph 3. herein, plus interest on the unpaid principal specif ied in said Paragraph 3. herein at the per diem set from the date of this Judgment to the date of the sale. 9. If the total amount realized on the sale exceeds the total amount ordered to be paid in the paragraph next above of this Judgment, the Clerk shall disburse the surplus as this Court shall hereafter direct; and if the total amount realized shall not be sufficient to pay all of these sums, the Clerk shall pay first those sums specified in Paragraph 8a., then the sums in Paragraph 8b.. and then the balance to the Plaintiff. 10. upon confirmation of the sale, whether by the Clerk filing the Certificate of Title herein, or by Order of the Court ruling upon objection to the sale, the Defendants and any and all persons claiming by, through, under or against the Defendants, or any of them since the date of filing of the Lis Pendens, are forever barred and foreclosed of and from all right, title, interest, claim or demand of any kind or nature whatsoever in and to the property herein described and the purchasers at the sale, their representatives or assigns, shall be let into possession of the property and the Clerk shalJ. issue a Writ of Possession after issuance of the Certificate of Title without further Order of this Court. 11. That the Court reserved jurisdiction for the purposes of entering a deficiency judgment. cc: at;Miami, Dade County, Florida, 2001. mQLE Frank Perez-Siam, Esq., 4100 Red Road, S. Miami, Fl. 33155. MacClaud Corp'., 320 86th St., #10, Miami Beach, Fl. 33141. Claudia Marin, 320 B6th St., #12, Miami Beach, FL 33141. Tenants in possession, 320-330 86th St. 1-24, Miami Beach, FL 33141. DON~ ~ ORDERED, this ~ day of OfF'. REC IK.! 19772PG4908 IMAGEOI : FL-02-114636-2 07/11/2002 03:20:2Spm Page 1 of 1 ~\ PRIVATE FUNDING GROUP, INC., a Florida corporation, IN THE CIRCUIT COURT OF THE 11TH JUDICIAL CIRCUIT IN AND FOR DADE COUNTY, FLORIDA GENERAL JURISDICTION DIVISION PLAINTIFF, CASE NO. 00-19152 CA 22 .:,.~..,..._~ .'!.r..... vs. ,. \:\.RECORDED ! :\UG 2 8 2001 MACLAUD CORPORATION, a Florida corporation, et aI, John Doe and/or Jane Doe Tenant (s) in Possession 1 through 24, ,. I ~. :\Ie ~:' -Clerk Of {'ire"it - & County Courts ....... . .~ j c:::. ~ .-- '. (f; .,~ "> N , ,~ -0 -. DEFENDANTS. ?:". / c' ~. AGREED ORDER ON DEFENDANT'S MOTJ:ON TO STAY FORECLO~E ~~E> :...- .. -- THIS CAUSE, came before this court upon the Defendanf.:~ sJJotlOn to Stay Foreclosure Sale and the parties agree to the entry of the following order and this Court being fully advised in the premises, it is, ORDERED AND ADJUDGED, as follows: 1. That the parties have agreed that the foreclosure sale scheduled for August 24, 2001 be hereby canceled. 2. That the Foreclosure Clerk is ordered to cancel the judicial sale scheduled for August 24, 2001 in this matter. 3. That the parties have agreed to cancel the Emergency hearing scheduled for August 23, 2001 at 10:00 A.M. without prejudice as to either pa~ty. 4. This order does not waive any rights, defenses or other legal remedies available to the parties, or contained in the pleadings filed in this matter. this DONE AND ORDERED, in ChamberS/2at atpi" .) .r"day of August, 2001. ,./ , , / ~ - /.. ~/ L.;.- C cc: All Parties OFF REC BK 19854PG4106 'IMAGEOl : FL-02-114636-2 07/11/200203:20:25pm JIE'l'UIIN RECOlUlEtl DOCUMENT TO I ,.. GARCIA, PEREZ-SIAM' ASSOCIATES 2€;; SEVILLA AVENUE CORAL GABLES, FL 33134 / , , m: 187941S I Sl 99R49337!5 1999 SEP 24 09139 IIORTaAGIli DIliB:Il THIS MOR'rGAGB IlBB:D made this ~ day of SEPTEMBER, 1999, between MACLAtlll C01l1'ORA'1'ION. a .J:ioDrlda corporation. hereinafter called (Mortgagor), whose address is 320 86th Street. Suite #10, Miami Beach, Florida 33141, and. private J'uDcl.ing Group, Inc... hereinafter called (Mortgagee) of 265 Sevilla Avenue, Coral Gables, Florida 33134. WITNESSETH OOCSTPllTG 2.520.00 IHTH6 10440.00 HAflVEY RIlYIH, CURK DADE COUNTY. FL In consideration of the indebtedness hereinafter referred to and for and in consideration of the sum of One Dollar and no cents and for other good and valuable considerations the receipt and sufficiency of which is hereby acknowledged by the Mortgagor, the Mortgagor does hereby grant, bargain, sell, assign, and convey unto the Mortgagee, with the full power of sale and the right of entry and possession, aU of the Mortgagor's estate, title, interest, and rights in, to and under the subject property [hereinafter referred to as 'property') now owned or held or hereafter acquired by the Mortgagor legally described as: Lot 6 and Lot 7, in Block., of BEACH BAY StnlDIVISION, acoording to the Plat thereof,. aa recordal!. in Plat Book 44, Page 25, of the Public Recorde of lIiai-Dade County, l"lor:ida. (1) including all of the rights, privileges and appurtenances thereunto belonging, and all of the estate, right, title, and interest of the Mortgagor therein or thereto, either in law or in equity, now or hereafter acquired, and in and to all streets, roads, opened or proposed, in front of or adjoining the said property, and all easements and right of way, public or private. now or hereafter used in connection with the property. (2) All-buildings, structures and improvements of every nature whatsoever now or hereafter situated on the property, and aU fixtures, machinery, appliances, equipment, furniture, and personal property of every nature whatsoever now or hereafter owned by the Mortgagor and located in or on, or attached to, or used or intended to be used in connection with or with the use and operation of, the property, buildings,. structures or other improvements, or in connection with any construction. thereon, and owned by the Mortgagor, including all extensions, additions, improvements, substitutions, and replacements to any of the foregoing and all right, title and interest of Mortgagor in and to such personal property or fixtures together with the benefit of any deposits or payment now or hereafter made on such personal property or fixtures by the Mortgagor or on its behalf; (3} All leases and other agreements pertaining to the ownership, use, occupancy, possession or enjoyment of all or any part of the Mortgaged Property, now of hereafter entered into, and any modification, renewal or extension thereof, and all grantees of lessees, tenants, or occupants' obligations thereunder, including without limitatior., deposits of cash or securities and all of the rents, royalties, issues. prof:.t.s, reven1.le, income and oth9r benefits cerea=~er a~~~~i~; ~~~~r ~~y Lease or ~therwi5e arising !rom th9 =wr.ership, ~ccupancy, use. possess:Qn Qr enjoyment ~f all -,r part of the Mortgaged Proper..y. ar.:!; _ -. (4i A~l proceeds ~: :h~ convers:.~~, VG.~~~ar'i ~r ~~7~~~~~ar/. c~ a~x of ~he ~~~ego~ng into ca~h ~~ ll~~idated =lai~s, incl~d~n9 but w~thc.....~ ::'!:'l.~a:lor:, prcc-=~o.s :;: ~:1s.~rar..c~ ar.d cc:"..dem..'"1at::.or: awa:oj:;. TO HAVE AND TO BOLD ":~e ~C~':3age-:i ?r~p~!'t.:i ~~:.:. ~;-..e ~::.r,=-;a:;~s, ltS successors and assig""ls ::;reve.r. ~:.r ,:.!:e purpose of securing ".l...t.Q tt.e Mc:-t;ag~o:!: (al Th~ payrneu: of the p=.n~iFa: S~~ of sr~ KONDRED TWENTY THOUSAND AND 00/100 DOLLARS ($720,000.00) a~d ir.t~r~st :hereen as provided in a certain ?romisscry Note ~xec\,;ted 3.nd deli "~er(l!d by th~ Mortgager i~ favor ~f th~ Mortgagee of even date herewith and ~ade an integral part of tl"'~is Mortgage Deed as Exr..ibi t: OIA" and: ar.y ~od~flcation. r~newa: ~r exter.siou ~her~of; (c; "The perfcrmar.~e ar~d ~bser'"lat.ion ~f, and compliance 'Ii~'::--.l. each ar~d e-,ery obllgat ~on. co-.;enar:.:., warrar.ty. agreement.. term, provisicn, &nd ~onditio~ c~r.:3i~~d :~ the ?r~missory Note dated of even dCi.':..o:.: he:::ew::'~. o::::xe:'".;,":=== 3.::~ ~,!,~:,.'r~!,,~,:! bv the Mort.ga.gor in favor (]I. , . Page 1 of 5 1.". IMAGEOl : FL-02-114636-2 07/11/200203:20:25pm II: l8794K 158 of the Mortgagee and any modification, extension and renewal thereof; (c) The performance and observance of, and compliance with, each and every obligation, covenant, warranty, agreement, term, provision, and condition oonta;j."ll'<l .in all other Loan Documents executed and delivered by the Mortgagor in favor of the Mortgagee having reference to and arising in connection with the Promissory Note, this Mortgage Deed, including but not limited to assignments of rents and leases, guarantees, and other documents; (d) The payment of all other sums incurred or advanced by the' Mortgagee or otherwise becoming due and payable under the provisions of the Promissory Note, Mortgage Deed, and interest thereon. PROVIDBD HOWEVER, that if the Mortgagor shall promptly payor cause to be paid to the Mortgagee the principal and interest payable under the Promissory Note, at the times and in the manner stipulated therein, and in this Mor.tgage Deed, snd all other sums due hereunder and in any other Loan Document, all without deduction or credit for taxes or similar charges paid by the Mortgagor, and shall keep, perform and observe all of the covenants and promises in the promissory Note, in this Mortgage Deed, and in all other loan documents, to be kept, performed and observed by the Mortgagor, then this Mortgage Deed, and all properties, interest and rights hereby granted, conveyed and assigned shall cease and be void, but shall otherwise remain in full force and effect. NOW THBREFORB, the Mortgagor covenants and agrees with the Mortgagee as follows: I. W~~RANTY OF TITLE. Mortgagor. covenants and warrants that it is seized of an indefeasible estate in fee simple in the Property hereby mortgaged, has good and absolute title to all existing personal property hereby mortgaged or made subject to the security interest hereby created, and has good right, full power and lawful authority to convey, mortgage and encumber the same as provided herein; that the Mortgagee may at all reasonable times peaceably and quietly enter upon, hold, occupy and enjoy the Property hereby mortgaged and every part thereof. Mortgagor shall and will make such further assurances to perfect Mortgagee's fee simple title to the Property hereby mortgaged and will forever defend the same against the claims of all persons whomsoever, II . PERFORMANCE ON MORTGAGE DEED AND PROMISSORY NOTE. Mortgagor shall perform, observe and comply with all provisions hereof, of the Promissory Note and of all other loan documents, and wiU promptly pay to the Mortgagee the principal with interest thereon and all other sums required to be paid by the Mortgagor under the Promissory Note and pursuant to the mortgage deed and all other loan documents when payment shall become due, all without deduction or credit for taxes or other similar charges paid by the Mortgagor. III. PAYMENT 0" TAY.ES LIENS MID OTHER CHARGES. Mortgagor shall pay prompt~y, ",hen due and owing, and shall promptly exhibit tc the Mortgagee ~eceipts for the payment of all taxes. assessmen~s, -j'.les, charges, fees, le"/ies. fines, imposlcions, ~iens f~=- 'l.lr.~a::..:i ~~a':.,= a:::l :ede~al t3:Y."!S, liabilities, obli=;;l~::':-.S, a:-..~ ~~".::".:.~r:..!'a~,,=es of any kind a:1d r.ature now or hereaf~'::!::- ::~p'Je~d. J.e"Jied cr assess'!':: ....P=;: ,:;~ aga:r.s':. the :TlGr~ga;'3~ property or any part :~e~e~f. ~~ ~p~n ~r a3a~~s~ :~~S ~~=~;a;~ ~= the indebt~dr.ess == -:.<::;.t;:- S".lr:'lS 5e~".:.red :-..erel:" -:=- ~..:p,=n 0:-1" aga:lnsc the in~erest c: ~~e ~~=~~a~~~ ~~ ~t~ M~=~gaged ~roper~y, and any charge t.hat .if .~:1pa~j. wO:Jl1 boe-=::"::IE: a :':.e:: aga:;:st and upon the MG=~saged property" IV. INSt.""RANCE. ~cr-:.gag:r a::. :,,':.s s'::~'2 exper.se 52-..a~: -:!::a::: for, deliver and rnai~:a~~ for ~he beuefi~ c: ~~e ~~rtgage~. during the life of the mcrtgage. ~r.s~=ar.~e pcl:~y in such amounts aS,the ~c;.r:.ga9'-!'~ -;;.a"f r,,=::,;"..;.:r":'. :::'S:".lri:""lg :.r.e 1"lcrtgage1 pr~p~rt.y. agaln~t fire. extende~ =:ye=a9~' ~azar~s. a~d s~cr. o~r.er l~s~rab.e ccntlngenc~es as t~E M-:.r~;3g~e ~a1 ~~quire. ar.~ pay promptly, w~:n due. any policy ~=emi~~s. ex=eS5 ;::~cy ~=~~:~~S. a~d ~ny ~enewa~s ~~ereGf. ThE form 0: :~ct pclic~es and the compa~~e5 13su~ng them shall be acceptabl~ tv t:.he Mort.9ag~S. The pelley shall reflec': t:.he name of the Mortgagee as ~~e lGs~ ~ayee a~1 all FrGceeds of sai~ ins....rar.c~ p01ici~s are ::~rej:.y a=~:.g~ed to. the Mortgagee" Eac;. :.nsurance ccmpai".j :.S ~e:-,=r:y ~'.;thor~z~d and dlr~cted. to ~ake paY,:nent f"r all S.~C~ losses ':i:r,,='=:':i. t.':. "::-.~ ~~:-':'2'3?':~ lnd...vld'Ja.Lly. ana no~ ta the MartgagGr a::11 :-!:::rtgagee :::.:.::y- Me'rtgage'" shall "at .be respons:.i:;:", ::.r ~:.-: ~~::.cro ~- -:~',l.,ct &or., H.s'"ra~:e Fr:.c.,e1s o'"e (]jU . Page 2 of 5 lMAGEOl : FL-02-114636-2 07/11/2002 03:20:25PI!I_~ .~_... uniier the terms of any policy !!=gt~l1J.;iJ! l~the cause of such failure. Mortgagee shall have the option of applying the insurance proceeds for restoration of the property or to reduce the debt secured by the note and mortgage. V. ~OND~MNATION. If all o~~~aterial part (which shall be determined at the sole discretion of the mortgagee) of the Mortgaged property shall be taken through condemnation/eminent domain proceedings, either temporarily or permanently, the entire indebtedness and other sums secured-hereby shall, at the option of the Mortgagee, shall immediately become due and payable. Mortgagee shall be entitled to all compensation awards, damages, claims, rights of action and proceeds of, or on account of any damage or taking through condemnation and is hereby authorized, at its option, to commence, appear in and prosecute, in its own or in the Mortgagor's name, any action or proceeding relating to any condemnation, and to settle or compromise any claim in connection therewith. Mortgagor agrees to execute such further assignments of any compensations, awards, damages, claims, rights of action and proceeds as Mortgagee may require. Mortgagor shall be responsible for all of Mortgagee's attorney's fees and costs regardless of the particular nature of the proceeding and whether incurred with or without suit. VI. PROPER USE. CARE AN!) IMPROVEMENTS/ADDITIONS. Mortgagor shall preserve and maintain the mortgaged property in good condition and repair. Mortgagor shall not remove, demolish, materially alter or change the use of any building or structure or other improvements presently or her~after on the subject property without the prior written consent of the Mortgagee. The Mortgagee may enter upon and inspect at all reasonable times, the mortgaged property during the life of the mortgage. VII . AFTER ACOUIRED PROPERTY. The lien of this mortgage will automatically attach, without further act, to all after acquired property located in or on, or attached to, or used or intended to be used in connection with or with the operation of the Mortgaged property in whole or in part. VIII. EXPENSES. Mortgagor shall payor shall reimburse Mortgagee for all costs, charges and expenses, including reasonable attorney's fees, disbursements and costs incurred or paid by the Mortgagee in any threatened,. pending or completed action, proceeding or dispute in which the Mortgagee is or may be a party or appears as a party plaintiff or party defendant and which affects or may affect the Mortgage Deed, Mortgage Note and any other loan document, or the mortgaged property. All these sums shall be immediately due and payable whether or not notice is given and demand made. The amount so incurred or paid by the Mortgagee, together with interest thereon at the highest rate allowable by law from the date incurred until paid by the Mortgagor, may be added to the indebtedness and secured by the lien of this Mortgage Deed. IX. MORTGAGEE' S PERFORMANCE UPON DEFAULT OF MORTGAGOR. If the Mortgagor defaults in the payment of any tax, assessment, other mortgage, encumbrance or other imposition, obligation to obtain insurance as required by the Mortgagee cr in the performance or observance of any other covenant, conditicn or term of this Mortgage Deed, Mortgage Note or a::y other loan document, the Mortgagee at its option ~ay perfc=m ?~ b~half of the Mortgagor and all payments made by the Mortgagor shall i~rnediately be com: due and payable to the Mortgagee by the Mortgagor whether or net ~ctice ~s given and deffia~~ rna~~. ~he amou~~ pa~d cy ~~e Mcrt;ag~~ ~Jg~~~~: with ~nterest at the MGRTGA~E ~C~E ~a~s ~~~~ ~3~~ ~= paym~nt 9hal~ be added co thl! ~nd~bt~d:1ess ar..1 se,=ur"!d by :r-~ li~n of this mortgag@. Notr..i:-~g:":: t.::is ;:.a::::-a;:::-ap:: s::a:: be ::c::st:::-'.l'2d as r~q~i=ing the Mortgagee to aO'lance or ~ay a~1 S~~5 ~~ beta:~ ~: t~e Mortgager. . x. EVENT OF DEFAL~7" 7he ~S=~ eJs~~ ~~ 1ef~~~:. wnerev~r used in :::::'6 ~or:';Clg~ ne-:d. s:-~a::': "near: a::y ':)n~ :;f :.he :clj.cwiu~ ~ver.~s: a. Fa~l~re ~'l ~h~ ~~:::-tg8gcr :.~ pay" as a~d wh~r. d~~ a~d payable, a::y i.nst~~l~e::~s of principal a~~~ ~:-.:eres~ due :lnder the Mortgage Note, c.r a::1'" 5:';::"'15 .j...:e ::-r t-axes a::d assessments. er insurance premium or reasor..ab;e at.:::-~rr..ey I s fe~s l;} ccnnect..:.-:;;. h~~ewith, or any other sums :0 be paid by the Mortgager hereunder. o. Fail'..\re c~ tte Mcr~gag~r co d'.;ly l-teep, .per:~rn a~d observe any ccvena:l~, c?T.!di:i'Jn C~ agre~ment. conta.:..r.ed lr. th~ Mortgage No~e, Mor~ga~~ D~~d, or any other lca~ d~c~~e~~. c. If eit.her ~Al M0r':gag:;::- -:>r any person or persons (herein "Guarantcr": g"-.4arant-esing t::l! obliga':i'Jns of Mor~g,,:~c~ ~o Mortgagee. 'i: fi~~5 3 vQl~nt~ry pet~~4on in_bankr~ptcy, ~r Il:!:l: adjudicat:sd as a bar.k=.....;,;~ :-r ~:"':s-::~....oe:-:t or (ll1.) f~.Les any pet~__G... OP Page 3 of 5 IMAGEOl : FL-02-114636-2 07/11/200203:20:25pm r I I' I 111. IQ70AII! I~ , -. 'VI OFF'- . \AI or anawer aeeking or acquieacing in any reorganization, management, composition, readjustment, liquidation, dissolution or similar relief for j.tself or himself under any law relating to bankruptcy, insolvency or other relief for debtors, or (iv) seeks or consents to or acquiesces in the appointlll\erot or any trustee, receiver, master or liquidator of itaelf or himself or of all or any substantial part of the Mortgaged Property or of any or all of the rents, revenues, issues, earnings, profi.ts or income thereof; or (v) makes any general assignment for the benefit of creditors; or (vi) makes an admisaion in writing of its or his inability to pay ita debts generally as they become due; or (B) a court of competent jurisdiction enters an order, judgment. or decree approving a petition filed against Mortgagor or G~arantor aeeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future federal, state, other status, law or regulation relating to bankruptcy, insolvency or other relief for debtors; or (C) any trustee, receiver or liquidator of Mortgagor or of all or any substantial part of the Mortgaged Property or of any or all of the rents, revenues, issues, earnings, profits or income thereof, or of Guarantor, is appointed without the prior written consent of Mortgagee. XI. REMEDIES. If an event of default have occurred, Mortgagee May declare the outstanding principal balance of the Mortgage Note and interest accrued thereon, and all other aums secured hereby, immediately due and payable without demand or notice. Mortgagee may proceed to file suit or by other appropriate proceeding to enforce the terms of the Mortgage Note, Mortgage Deed and any other Loan Documents in order to secure full payment plus all costs of collection including attorney's fees. Upon any sale of the subject property at foreclosure sale, Mortgagee may bid for and purchase the subject property, retain and possess and dispose of such property in its absolute right without further accountability and effect upon its rights to a deficiency judgment. If an event of default shall have occurred, Mortgagee to the extent .permitted by law, and without regard to the value or occupancy of the security, shall be entitled as a matter of right to the appointment of a Receiver without notice to the Mortgagor ~o enter upon and take posaession of the Mortgaged Property and to collect all rents, revenues, profits and income thereof and apply ths aame as the court may direct. Mortgagor further consents to the appointment of the Mortgagee or any officer or employee of the Mortgagee as receiver. XII. DELAY OR OMISSION NO WAIVER. No delay or omission of the Mortgagee or of any holder of the Note to exercise any right, power or remedy hereunder or remedy accruing upon any event of defaul t .ahall exhaust or impair any such right, power or remedy or shall be conatrued to waive any suoh event of default or to constitute acquiescence therein. Election by the Mortgagee to waive or fail to exercise its rights shall not affect or extend to any subsequent event of default, or failure to exercise its rights, powers or remedies. XIII. HEIRS SUI"'CE:SSORS AND ASSIGNS INCLtJDED AS PARTIES. Whenever one of the parties hereto is named or referred to herein. the heirs, successors and assigns cf such party shall be included and all covenancs and agreements contained herei~ sha~l bind anc ir."-1re ~~ t~~ l:~r.e::.': =~ ~~'=:.= =-s5pec~:'-,~ ~e.:.=s, s~~-=.=esso=s a:J.c assiT.ls. ~XIV. :NVALID PROVISION SHALL NGT A~FECT OTHERS. :n :he even: that any p:cvisicn ~r. ~~e Mcr~~age ~eed, Mortgage Ncte or any Loa~ Document is de=lared ~nvalid, illegal or other~ise ~nenfcrceabl~, th@ ?alidity cf the remainir.g Frovis~er.s s~al: remQi~ in :~l: fc.ce and '!ffe-::': a::j 5::'3:1 :1,:)~ b~ 'if!oect:'!1. p!"'!!:~':iiced or 1isturb'?d thereby. XV. DEFA~TLT P~TE. ~~e d9fa~~~ rat~ ~f in~erest shall be th~ highest rate of ~nteres~ a::owed t~ be charg~d by app:i~abie :aw. XVI. GOVE?~~ING LAW. 7he Mor~ga3e Ce~d, Mcr~gage Ncte a~d a~: Lea:-. Document.s shi!ll b~ ':'o!:str":Jed :l:ld :;.nt.erprete:::1 3.,:,cording to Flcrlda law. IN WITNESS WBBUOF, ~r.,= ".i.nders:.g::ed 4E:X~::.";'':.l?: ~h:s ir:str...~e::t the day and year above first wrltten. :S~GNATw~ES eN ~eXT PAGE.; (j)J Page 4 of 5 .~ ;,i , '- , .' j IMAGEOl : FL-02-114636-2 07/11/2002 03:20:25pm , .. ,'." .....:i'..;~;'.'...-t'.'- "1-....... "' ,_'-'.~-~~;.''', ....~.,.,.,..:.. ~-' '"~ It 18794K 161 WITNESSES~ A~ . , wi,nes~' :J$';J,e;{/ (Print Name) MORTGAGOR, ... ..... .. Witness (Print Name) STATE OF FLORIDA ) SS: COUNTY OF MIAMI-DADE) 1: BBRJ:BY CBRTIPY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Claudia Herin, Secretary of lIaalaud Corporation, a Florida corporatiOJl to me known to be the persons described in and who executed the fo~oing instrument and they further produced o.f'tA ~-t.A.I.u ~J a~ and acknowledged before me that they executed the same. WITNESS my ~nd/and official seal in the County and state last aforesaid this no<. day of SEPTEMBER, 1999. ~ -"-",..L""""- NO '{ PUBLIC Commission Expires: ""T""" ..... ,l'v PIJ~ MARlllTA MAl",'''' O'~~~ .-- ; : Cc.,33S3 '?~ o.f III ~rr.2~ O~f\.: ~HClilYJCW.1IECQIIIOS1OOIt oa- DAOf COUNTY, /ltOMM. I.,COI.""""O HARVEY RUVIN CURK OIItCUlTCOURT . .. THIS INSTR~~ENT ?RErARE= BY: Garcia, Perez.Sia~ ~ Associates, 255 Sevilla Aven~e, Coral 4able~. Florlda 33134 ~3CSJ 447-6609 Page 5 of 5 , '. IMAGEOl : FL-02-114636-2 07/11/200203:20:25pm Page 1 of 1 PLAINTIFF, CASE NO. 0 0 - 1 9 1 5 2 CA 2 2 FLORIDA BAR NO.: 0768911 - -4" - . w.tlI_ N~ ~~ a:=S1 (Y')~ (Y') N" ~o. ~u"'" ~~'ltf CO M IX o o .. IN THE CIRCUIT COURT OE' THE 11TH JUDICIAL CIRCUIT IN JU'lD FOR DADE COUNTY, FLORIDA PRIVATE FUNDING GROUP, INC., a Florida corporation, GENERAL JURISDICTION DIVISICN vs. MACLAUD CORPORATION, a Florida corporation, et al, DEFENDANTS. I NOTICE OF LIS PENDENS TO: MACLAUD CORPORATION, a Florida others whom may claim an interest property legally described below; corporation, et al, and all in or to the sul:>ject real YOU ARE NOTIFIED of the plaintiff against you seeking property described as follows: institution of to foreclose a this action by Mortgage on the Lot 6 and Lot 7, in Block 4, of BEACH BAY SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 44, Page 25, of the Public Records of Miami-Dade County, Florida. DATED this~ day of August 2000. GARCIA, PEREZ-SIAM & ASSOCIATES Attorney ~~~ plaintiff 265 Sevilla Avenue Coral Gables, Florida 33134 Telephone: 0) 447-6609 ) -=-..- BY: ~c::I/Ilea>""Oi"lI'OI~ ~c::ouwv ~~ sa::w WCQlm ~'iR~io HARVEY RUVII'I CLERK CJRCUlr COURr ~ ~;~'r ~-_.- -" --- .. - . --.-. - ... -. _.-_...- ---,<:~~~......-.__._- '....-..;..~n-. ~02-114~36-2 07/1112002 ()3:20:25pm ~ ~~t 19141 PG.2377 00R27 1403 2000 JUH 06 !7:~4 ASSIGNMENT OF MORTGAGE Know All Men ., ~ P_n": That PRIVA TE FUNDING GROUP. INC. a corporation existing under the laws of the state of FLORIDA. party of the first part, in consideration of the sum of Ten and 001100 Dollars. ancl other good ancl valuable consiclerations. received from or on bshalf of Metro BANK. party of the second part. at or before the enseeJing and delivery of these presents. the receipt whereof is hereby acknowledge, cloes hereby grant. bargain. sell. assign. transfer and set over unto the said pan of the second part a certain mortgage besring ths dale the 3rd day of October A.D. 1999 made by Maclaud Corporation. a Florida Corporation in favor of PRIVATE FUNDING GROUP. INC. and recorded in the Official Records Book 18794 . Page lilof the publiC records of Dade County, Florida. upon the following described piece or parcel of Janel. situated ancl being in said County and State, to-wit: LoI6 and Lot 7. in Block 4. of BEACH BAY SUBDIVISION. according to the Pial thereof. as recorded in Plat Book 44. Page 25. of the Public Records of Miami-Dade County, Florida Together with the nole or obligation described in said mortgage. and the moneys due and to become due thereon, with interest from the 3rd day of October 2000. To H.... .nd to Hold the same unto the said part of the second part. heirs. legal representatives. successors and assigns forever. In WIlnaU Whenof the party of the first part has caused these presents to be executed in its name. and its corporate seal to the hereunto affixed, by Its proper officers thereunto duly authorized the 31 st clay of May A.D. 2000. signed. sealed and dslivered in the presence of: ~ WIIn .t, WIIn...u.,.-, . '.>4 ,. PRNATEFUtpN'tROJ(' re. \ ! l / I ! ., .! By: I . . ,~ Israel Perez-Slam. President '. . :.:. Iii;), i\"';..:_. STATE OF FLORIDA COUNTY OF DADE (CORPORATE SEAlI . : \.\ I HEREBY CERTIFY NI cn "'iI~. bof"", me..n oKlOOl'duly."- in theS__ County _"IIIlaIClcn~," _ally ~ ISRAEL PEREZ-SIAM.... known ID..... bo "'" P_of!he __ _. party of "'" linIl pari in the foregoing inltrumonlllld "'.II1II\' --'l' IdttlOwIadgad _ling !hi some in "'e."..",. of !NO subKribH'lg wmeuea frwfr ,nd valuntarily under .uthority duty wsl8d in them by said _,,0._ Iftd IIIlIlhe __ "'ereto iltIle true """l'O'D..... d - corporation. ~~....,.... QoI:'~,.,-""'}<'.f('(", IlEco.o -Q~" .r1~~tJO::l.r I1AR'- .......,. C(E,,~t6~UVJN #/J,rcOUllr WITNESS"" hond___' in the County"" S_IosI_lIoil310lllO\' d Mill'. A.D. 2000 My Commioaion ElIpires: This ..strume.lwos prepalOd b, M.rietta Mainieri G.rciI P....-Siam & AsaoCiaI.. Add.....:285 SevIa Ave.. Coral Gables. FL ~ Page 1 of 1 4' IMAGEOl ~-02-1l7004-2 07/16/200201:05:40pm Page 1 of 3 ASSIC;:-;~IE:-;T OF LF.,\SES .-\'ill Rr."T~ ~(~: I ~76U& I B7 ,..:. '. 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'r \\ rin....n c\'I1~nt "r ..\!t~igl1":\" :\~si~n\'r ~halllh'llli~,,:,'ulIl itI1~ lunh,,'r .1~~fUIl1~ l(l'ln... \\ illh'ullh..: pn~le \Uilh:n ":"11"':111 ~'I ..\,....i~I1l:\... A~:!li!!-n"r ~halllllll..:~.:I.:UI..: olll~ furllll:r I'I~J~... ,'f .h..iyJlInl:nl ~,f il~ inh,'n:..1 in ;'1l1~ ~l"lh~..l ,1:;1"":" \lr Rcnb ,l( 5"IIT.:r or permit any )u..:h a:t!\i~l1l11cnl It! \h:..:llr h} IIp!:~..ti\'n ,,1'1;\\\. 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UP.I" the ~~-=urn:nce llf al1~ su~h dcfauh l,r E,,:nt ,,11 DcI",auh. nlllHhcr rig.hb anu n.:l1lcdk~ pn" id\.'u \111\11:( the l1th.:r Lnan [),),;UI1ICIiIS and an~ f1111..:r :lgr\.'(rncnl hch\l:!:tl :\"i~iYlwr and .\",~i~nl:c ,.lr l.,lhl:l'\\b.: 3\ailahJ.: al li1\\ (If in cquit~ l,f b~ SUlIuh:. I hi, .t\!'o..i~nl1lcI11 i~ inlt:ndcd 11.' bt: :o.uppIL'm\.'11IiU') 1\' ar~d I1l11 in ~ub)lilutil'!n r~'r \'r in Jw:n.lyaliol\ (tfun~ a..~it::tnm\:nt (lr N'nt~ ~lmlaillcd in d1l.: ~l,'n~aglo': \II in :m~ nllu:r dll~UI1U:nt c:\"'~lIh:cJ in ':l.tnnlo.'l:li"n \\ i1h thb Iran...ulo;\iilll, Fuil\lN' \tf1hc ^s~i~nt:c h' u\;til ib\:lr ltr an~ h:r1n~. ":O\lo':ni1l1ts ~lr I.:lll1.Jilil1ns l,rlhi~ "s'Si~nnlenL fllf 11l1~ p.:rilltJ "l'lime or litr an) n.:ll')on !'lhall nult,;,lI1')litUh: a \\ahl:f ,11I:r..:,'1. K 1\...')i~I\l.'': ma~ 1~1~": ur n.:ll:OI:.l: "ther )~~UTi1~. nm~ n:h:a~c an~ pnn) rrinl3ril~ t'r ~\.'l.:,'ndnri1~ liab!.: for a.n~ (Jbli~ation!t )4.:curcd hcn:b~. may grant c:\llo':'1hi"Il:). Tl:nc\\ob ,-'T imJul~l.'IIt,;e) \\ llh rc:.p~":' M su..:h ObligatiulI!". iUld 1113) 01111'1) rill)" "tlher !t\.'\:uril) Ihcrclor hdJ b~ I\)')i~nl:'c lu the )ulb.ra..:tiun ..11' such Ohl1l!:l1kll1~ withOUI prcjudiu: 10 0111) l,r t\:))igncc' ') ri~hl'!i h"':N'und4.:r llr under the "'1her Loan l)(lcurncnl'). The ri~hls 4.11' As\igncl.: 10 Clllh:c1 Ihe Ublig,31ions and tn l:nS\m.:l.: dn~ other )""\:\Irit~ .:i1h~r pri"r h.l. silllullanl:'~lusl~' \\ ilh. llr sut-scQUCl1t il' an) actjl,.lI1 b)' A~signcc 11\:Tl.:unJ..:r. Tho: 13i1ur~ 01' ..\ssiglll:c h' 3\ ail ibe1f \If n.n~ l,r the terms. co\cn;J,nls ;J,l1d conditions IIl:rcl.1fshall I\\.tt ~ c~m!tlru4:tJ U" ~lccl11t:d III bl: a \\;J,i\cr llfi.ll\) righb {lr rcml:di..:s hcrcun..!.:r. .'\:lo"igncc ~h;lU have Ih~ fuU rill-hi. )X\\\cr and autht"lrit) I1.1 enli.'n:.: this I\ssignmcnl \IT all> of the terms. ~\w.:nant.; ur la1n~ili..'ns h~rcof. at nn~ tim..: \lr time) th01I/\ssigltl.:..: shall rj\."\:111 iiI. lJ. An~ .:h31111c. 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