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Summary Report Folio 02-3226-001-0642 OF FFICELori - 2419 sz„ ,,L,„. PR P RTYAPPRAISER �{ ; THE 0 E0 Summary Report Generated On: 10/20/; Property Information ^L .! 1 .; Folio: 02-3226-001-0642 ,a�" - : Property Address: '`�' t ' Owner CITY OF MIAMI BEACH +* 1700 CONVENTION CENTER DR - ?s 1' ` Mailing Address 4TH FL t ', `4' MIAMI,FL 33139 USA " ( 1 PA Primary Zone 9701 RECREATIONAL • - i F+.,• •tiK4 s' Primary Land Use 8080 VACANT GOVERNMENTAL: 6k. rt+. VACANT LAND-GOVERNMENTAL `; /7 74 Beds/Baths/Half 0/0/0 -�'Ji;. Floors 0 AV---,,_:.) . f +4,, r Living Units 0 Actual Area 0 Sq.Ft ------;; 019 •enaf• ei o1:`. •-,. �. .. . Living Area 0 Sq.Ft —• - ��_ _ `T' ,.. Adjusted Area 0 Sq.Ft Lot Size 2,118 Sq.Ft Taxable Value Information Year Built 0 1 2020 2019 I 2 County Assessment Information Exemption Value $21,180 Year 2020 2019 2018 Taxable Value $01 Land Value $21,180 School Board Building Value $0 Exemption Value $21,180 XF Value $0 Taxable Value $0 Market Value $21,180 City Assessed Value $21,180 Exemption Value $21,180 Taxable Value $0 Benefits Information Regional Benefit Type 2020 2019 2018 Exemption Value $21,180 Municipal Exemption $21,180 Taxable Value $0 Note: Not all benefits are applicable to all Taxable Values(i.e.County,School Board,City,Regional). Sales Information Previous OR Book- Short Legal Description Sale Price Page Qualification Description MIAMI BCH INP CO SUB 11/05/2019 $100 31735-0345 Corrective,tax or QCD;min PB 5-7 consideration TRS OPP SAME FACING IND CR IN LOTS 4&5 BLK 4 LOT SIZE 2118 SQ FT M/L The Office of the Property Appraiser is continually editing and updating the tax roll.This website may not reflect the most current information on record.The Property Apprair and Miami-Dade County assumes no liability,see full disclaimer and User Agreement at http://www.miamidade.gov/info/disclaimer.asp Version: 1111111 11111111111111111111111111111111111111 CFH 201980786230 OR BK 31735 F'9s 345-346 (2Pns) RECORDED 12/19/2019 14:25t59 DEED DOC TAX $0.60 Prepared by and return to: SURTAX $0.45 Suzanne A.Dockerty HARVEY RUVIN? CLERK OF COURT Attorney at Law MANI-DADE COUNTY? FLORIDA • SUZANNE A.DOCKERTY,P.A. 110 Merrick Way Suite 3-B Coral Gables,FL 33134 305-443-9162 File Number: 247174-22 Will Call No.: [Space Above This Line For Recording Data) Quit Claim Deed This Quit Claim Deed made this day of otlevt� _ , 2019 between The Royal Club Condominium Association, Inc., a Florida not for profit corporation whose post office address is 2457 Collins Avenue, Suite 100, Miami Beach, FL 33140, grantor, and City of Miami Beach, a Florida municipal corporation whose post office address is 1700 Convention Cernter Drive, Fourth Floor, Miami Beach,FL,33139, grantee: (Whenever used herein the terms "grantor" and "grantee" include all the parties to this instrument and the heirs, legal teprsentatives, and asstgns of individuals,and the successors and assigns of corporations,trusts and trustees) Witnesseth, that said grantor, for and in consideration of the sum TEN AND NO/I00 DOLLARS($10.00) and other good and valuable consideration to said grantor in hand paid by said grantee, the receipt whereof is hereby acknowledged, does hereby remise, release, and quitclaim to the said grantee, and grantee's heirs and assigns forever, all the right, title, interest, claim and demand which grantor has in and to the following described land,situate, lying and being in Miami-Dade County, Florida to-wit: The parcel of land lying West of Collins Avenue, bounded on the Northerly Side by the Northerly Line of Lot 5, Block 4, as shown on the amended Plat of THE AMENDED MAP OF TILE OCEAN FRONT PROPERTY OF THE MIAMI BEACH IMPROVEMENT COMPANY, recorded In Plat Book 5, at Pages 7 and 8, of the Public Records of Miami-Dade County, Florida, extended to the Westerly Side of the Bulkhead on the Easterly Shore of the "Lake",as said "Lake" is shown on said plat; bounded on the Southerly Side by the Southerly Line of Said Lot 4, Block 4 of the Plat, extended Westerly to the Westerly side of the Bulkhead on the Easterly Shore of said "Lake"; bounded on the Easterly Side by Collins Avenue, as said Collins Avenue is shown on said plat; and bounded on the Westerly side by the Westerly side of the Bulkhead on the Easterly Shore of said "Lake", Parcel Identification Number: 02-3226-024-0001 To Have and to Hold, the same together with all and singular the appurtenances thereto belonging or in anywise appertaining, and all the estate,right, title, interest, lien,equity and claim whatsoever of grantors, either in law or equity, for the use,benefit and profit of the said grantee forever. In Witness Whereof,grantor has hereunto set grantor's hand and seal the day and year first above written, DoubteTlme liki OR BF. 31735 PG 346 LAST PAGE . Sinned,sealed and delivered in our presence: . The Royal Club Condominium ociation,Inc.,a Florida not for profit corporatio • -- -i, --,.„,----e., By Wi •a Name: Print Name: D �.e:-.,`cam/ Print Title; f, s i do Witn'ss Name: • State of Florida County of Miami-Dade l�iQ_ t`�-gr ,, � The foregoing instrument was acknowledged before me this / Y" _ /�! day of /►'" , 2019 by Ja.&.To Yf .,Q (Print Name) PreLi .r rl (Print Titic),The Royal Club Condominium Association, Inc., a Florida not for profit corporation, onb•'"1f of the corporation. He/she i personally known to me or[ ] has produced a driver's license as identification, 411.111 4 [Notary Seal] Notary' blic 3 Prince' ame: 41 , i . 16. /�/y/J� ,,.•aTi „ MARLEEN J.HERNANDEZ L `�� `� •� rte" ? Notary Public-State of Florida commissionSGCZIt473 My Commission Expires: %l— a0 ----0.2(5d-2 My Eemm,tiiiir.n Nor ttl,2022 ®ended through Natitrnal Notary Assn. oaµ'• MARLEEN J.HERNANDEZ _' Notary Public-State of Florida a .0 Commission 7 CC 241473 'L 4 .% My Comm.Expires Nov 20,2022 Bonded through National Notary Assn. Quit Claim Deed-Page 2 DoubleTimom (American Land Title Association-Owner's Policy Adopted 6/17/2006)(With Florida Modifications) , OWNER'S POLICY OF TITLE INSURANCE OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Florida corporation(the "Company") insures, as of Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title.This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery,fraud,undue influence,duress,incompetency,incapacity,or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created,executed,witnessed,sealed,acknowledged,notarized,or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified,expired,or otherwise invalid power of attorney; (vi) document not properly filed,recorded,or indexed in the Public Records including failure to perform those acts by electronic means authorized by law;or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable,but unpaid. (c) Any encroachment,encumbrance,violation,variation,or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land.The term"encroachment"includes encroachments of existing improvements located on the Land onto adjoining land,and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law,ordinance,permit,or governmental regulation(including those relating to building and zoning)restricting,regulating,prohibiting,or relating to (a) the occupancy,use,or enjoyment of the Land; _ (b) the character,dimensions,or location of any improvement erected on the Land; (c) the subdivision of land;or (d) environmental protection if a notice,describing any part of the Land,is recorded in the Public Records setting forth the violation or intention to enforce,but only to the extent of the violation or enforcement referred to in that notice. (Covered Risks continued) In Witness Whereof, OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, has caused this policy to be signed and sealed as of Date of Policy shown in Schedule A,the policy to become valid when countersigned by an authorized signatory of the Company. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY * * * A Steck Company 7� 400 Second Avenue South,Minneapolis,Minnesota 55401 y (612)371-1111 )c * * 71* * * By / ' [` President b * Nei A Secretary Attest �«t*� Secreta SERIAL OF6-8741251 FORM OF6(rev.12/10)(With Florida Modifications) Page 1 of 5 File Number:247174-22 DoubleTime®8.4 Old Republic National Title Insurance Company OWNER'S POLICY Schedule A Policy No.: Date of Policy: Agent's File Reference: 0F6-8741251 December 19,2019 @ 02:25 PM 247174-22 Amount of Insurance: $224,000.00 Premium: $1,195.00 Address Reference: 2457 Collins Avenue,Miami Beach,FL 33140 1. Name of Insured: City of Miami Beach, a Florida municipal corporation 2. The estate or interest in the Land that is insured by this policy is: Fee Simple as shown by instrument recorded as Document No. 2019R0786230 in Official Records Book 31735,Page 345,of the Public Records of Miami-Dade County, Florida. 3. Title is vested in: City of Miami Beach,a Florida municipal corporation 4. The Land referred to in this policy is described as follows: The parcel of land lying West of Collins Avenue, bounded on the Northerly Side by the Northerly Line of Lot 5, Block 4, as shown on the amended Plat of THE AMENDED MAP OF THE OCEAN FRONT PROPERTY OF THE MIAMI BEACH IMPROVEMENT COMPANY, recorded in Plat Book 5, at Pages 7 and 8, of the Public Records of Miami-Dade County, Florida, extended to the Westerly Side of the Bulkhead on the Easterly Shore of the "Lake", as said "Lake" is shown on said plat; bounded on the Southerly Side by the Southerly Line of Said Lot 4, Block 4 of the Plat, extended Westerly to the Westerly side of the Bulkhead on the Easterly Shore of said"Lake";bounded on the Easterly Side by Collins Avenue, as said Collins Avenue is shown on said plat; and bounded on the Westerly side by the Westerly side of the Bulkhead on the Easterly Shore of said"Lake". Old Republic National Title Insurance Company 400 Second Avenue South,Minneapolis,Minnesota 55401, (612)371-1111 Agent No.: 22264 Issuing Agent: SUZANNE A.DOCKERTY,P.A. 110 Merrick Way Suite 3-B � Coral Gables,FL 33134 Agent's Signature B:20120118 Page 1 of 2 Form OF6-SCH.-A (rev. 12/10)(With Florida Modifications) DoubleTime®8.4 Old Republic National Title Insurance Company OWNER'S POLICY Schedule B Policy No.: Agent's File Reference: 0F6-8741251 247174-22 This policy does not insure against loss or damage, and the Company will not pay costs, attorneys'fees, or expenses that arise by reason of: 1. General or special taxes and assessments required to be paid in the year 2019 and subsequent years. 2. Any lien provided by County Ordinance or by Chapter 159,F.S., in favor of any city,town,village or port authority, for unpaid service charges for services by any water systems,sewer systems or gas systems serving the land described herein;and any lien for waste fees in favor of any county or municipality. 3. Dedications as shown on the Map of The Ocean Front Property of the Miami Beach Improvement Company,recorded in Plat Book 5,Page 7,of the Public Records of Miami-Dade County,Florida. 4. Rights of the United States of America and/or the State of Florida to any portion of said land which has been created by artificial means or has accreted to any such portion as so created. 5. Those portions of the property herein described being artificially filled in land in what was formerly navigable waters, are subject to the right of the United States Government arising by reason of the United States Government control over navigable waters in the interest of navigation and commerce. 6. The rights, if any, of the public to use as a public beach or recreation area any part of the land lying or formerly lying between the body of water abutting the subject property and the natural line of vegetation,bluff,extreme high-water line or other apparent boundary lines separating the publicly used area from the upland private area,as it may have existed prior to the construction, if any,of sea wall or bulkhead thereon 7. Riparian and littoral rights are not insured. Page 2 of 2 Form OF6-SCH.-B(rev. 12/10)(With Florida Modifications) DoubleTime®8.4 (Covered Risks continued) 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land,is recorded in the Public Records,but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise,describing any part of the Land,is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part,or from a court order providing an alternative remedy,of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy,state insolvency,or similar creditors'rights laws;or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy,state insolvency,or similar creditors'rights laws by reason of the failure of its recording in the Public Records (i) to be timely,or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs,attorneys'fees,and expenses incurred in defense of any matter insured against by this Policy,but only to the extent provided in the Conditions. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy,and the Company will not pay loss or damage,costs,attorneys'fees, or expenses that arise by reason of: 1. (a)Any law, ordinance, permit, or governmental regulation(including those relating to building and zoning)restricting,regulating, prohibiting, or relating to (i) the occupancy,use,or enjoyment of the Land; (ii)the character,dimensions,or location of any improvement erected on the Land; (iii)the subdivision of land;or (iv)environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b)Any governmental police power.This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6. 2.Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3.Defects,liens,encumbrances,adverse claims,or other matters (a)created,suffered,assumed,or agreed to by the Insured Claimant; (b)not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c)resulting in no loss or damage to the Insured Claimant; (d)attaching or created subsequent to Date of Policy;or (e)resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors'rights laws, that the transaction vesting the Title as shown in Schedule A,is (a)a fraudulent conveyance or fraudulent transfer;or (b)a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5.Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1.DEFINITION OF TERMS The following terms when used in this policy mean: (a)"Amount of Insurance":The amount stated in Schedule A,as may be increased or decreased by endorsement to this policy,increased by Section 8(b),or decreased by Sections 10 and 11 of these Conditions. (b)"Date of Policy":The date designated as"Date of Policy"in Schedule A. (c)"Entity":A corporation,partnership,trust,limited liability company,or other similar legal entity. (d)"Insured":The Insured named in Schedule A. (i)the term"Insured"also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives,or next of kin; (B)successors to an Insured by dissolution,merger,consolidation,distribution,or reorganization; (C)successors to an Insured by its conversion to another kind of Entity; (D)a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1)if the stock,shares,memberships,or other equity interests of the grantee are wholly-owned by the named Insured, FORM OF6(rev.12/10)(With Florida Modifications) Page 2 of 5 • (2)if the grantee wholly owns the named Insured, • (3)if the grantee is wholly-owned by an affiliated Entity of the named Insured,provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity,or (4)if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to(A), (B), (C), and(D)reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e)"Insured Claimant":An Insured claiming loss or damage. (f) "Knowledge" or"Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A,nor any right,title, interest, estate, or easement in abutting streets,roads, avenues, alleys, lanes,ways, or waterways,but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage":Mortgage, deed of trust,trust deed,or other security instrument,including one evidenced by electronic means authorized by law. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records"shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (j)"Title":The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease,or lend if there is a contractual condition requiring the delivery of marketable title. 2.CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured,but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.This policy shall not continue in force in favor of any purchaser from the Insured of either(i)an estate or interest in the Land,or(ii)an obligation secured by a purchase money Mortgage given to the Insured. 3.NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in,case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title,as insured,and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4.PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage,the Company may,at its option,require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state,to the extent possible,the basis of calculating the amount of the loss or damage. 5.DEFENSE AND PROSECUTION OF ACTIONS (a)Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions,the Company,at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured.This obligation is limited to only those stated causes of action alleging matters insured against by this policy.The Company shall have the right to select counsel of its choice(subject to the right of the Insured to object for reasonable cause)to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel.The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b)The Company shall have the right, in addition to the options contained in Section 7 of these Conditions,at its own cost,to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title,as insured,or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy,whether or not it shall be liable to the Insured.The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy.If the Company exercises its rights under this subsection,it must do so diligently. (c)Whenever the Company brings an action or asserts a defense as required or permitted by this policy,the Company may pursue the litigation to a final determination by a court of competent jurisdiction,and it expressly reserves the right,in its sole discretion,to appeal any adverse judgment or order. 6.DUTY OF INSURED CLAIMANT TO COOPERATE (a)In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals,the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid(i)in securing evidence,obtaining witnesses,prosecuting or defending the action or proceeding,or effecting settlement,and(ii)in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured.If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. FORM OF6(rev.12/10)(With Florida Modifications) Page 3 of 5 • , ' (b)The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination,inspection,and copying,at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books,ledgers, checks, memoranda, correspondence, reports, e-mails, disks,tapes, and videos whether bearing a date before or after Date of Policy,that reasonably pertain to the loss or damage.Further,if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine,inspect,and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage.All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7.OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;TERMINATION OF LIABILITY In case of a claim under this policy,the Company shall have the following additional options: (a)To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs,attorneys'fees,and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option,all liability and obligations of the Company to the Insured under this policy,other than to make the payment required in this subsection,shall terminate,including any liability or obligation to defend,prosecute,or continue any litigation. (b)To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i)to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition,the Company will pay any costs,attorneys'fees,and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay;or (ii)to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy,together with any costs,attorneys'fees,and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections(b)(i)or(ii),the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend,prosecute,or continue any litigation. 8.DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. (a)The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (i)the Amount of Insurance;or (ii)the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b)If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title,as insured, (i) the Amount of Insurance shall be increased by 10%,and (ii)the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c)In addition to the extent of liability under(a)and(b),the Company will also pay those costs,attorneys'fees,and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 9.LIMITATION OF LIABILITY (a)If the Company establishes the Title,or removes the alleged defect, lien,or encumbrance,or cures the lack of a right of access to or from the Land,or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals,it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction,and disposition of all appeals,adverse to the Title,as insured. (c)The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10.REDUCTION OF INSURANCE;REDUCTION OR TERMINATION OF LIABILITY All payments under this policy,except payments made for costs,attorneys'fees,and expenses,shall reduce the Amount of Insurance by the amount of the payment. 11.LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed,assumed,or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title,and the amount so paid shall be deemed a payment to the Insured under this policy. 12.PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions,the payment shall be made within 30 days. 13.RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a)Whenever the Company shall have settled and paid a claim under this policy,it shall be subrogated and entitled to the rights of the Insured Claimant FORM OF6(rev.12/10)(With Florida Modifications) Page 4 of 5 in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property,to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies.The Insured Claimant shall permit the Company to sue,compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies.If a payment on account of a claim does not fully cover the loss of the Insured Claimant,the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b)The Company's right of subrogation includes the rights of the Insured to indemnities,guaranties,other policies of insurance,or bonds,notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14.ARBITRATION Unless prohibited by applicable law, arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbitration Association may be demanded if agreed to by both the Company and the Insured at the time of the controversy or claim.Arbitrable matters may include,but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy,and service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the Insured, the Rules in effect at Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of the state in which the Land is located permit a court to award attorneys'fees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s)may be entered in any court having jurisdiction thereof. The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon request. 15.LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company.In interpreting any provision of this policy,this policy shall be construed as a whole. (b)Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim whether or not based on negligence shall be restricted to this policy. (c)Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person,or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not(i)modify any of the terms and provisions of the policy, (ii)modify any prior endorsement, (iii)extend the Date of Policy,or(iv)increase the Amount of Insurance. 16.SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid,but all other provisions shall remain in full force and effect. 17.CHOICE OF LAW;FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation,rights,remedies,or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy.In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b)Choice of Forum:Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18.NOTICES,WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at 400 Second Avenue South,Minneapolis,Minnesota 55401-2499,Phone:(612)371-1111. FORM OF6(rev.12/10)(With Florida Modifications) Page 5 of 5 y O in" ca, ° o. o IH• < _ * * rte A. �' 5 tit m. � to goSr CO 1"0C, CD 0 Settlement Stateinetit • Grantee: City of Miami Beach, a Florida municipal corporation . 1700 Convention Center Drive,4th Floor, Miami Beach, Florida 33139 Grantor: The Royal Club Condominium Association. Inc., a Florida.not-for profit corporation • 2457 Collins Avenue, Suite 100, Miami Beach, FL 33140 Property Location: 2457 Collins Avenue, Miami Beach, Florida 33140(See Exhibit A attached) Date: November 5 .2019 • Settlement Agent: Suzanne A. Docherty, P.A. • 11'0 Merrick Way.Suite 3B. Coral Gables. Florida 33134 - • Consideration Amotnit S 10.00 Grantee Settlement Fees: • Title Search Reports and Updates: S 500.00 Title Insurance Premium(S224,000): 51,195.00 Settlement Fee Balance Due: S1.500.00 Clerk of Court Recording Fee: Quit Claim Deed; s 13.50 Documentar Stain Tax; S 1.05 . Certified Copies: S 10.00 Wire Transfer Fee/FedEx: S 100.00 Total Grantee Settlement Fees: S3,324.55 1 have carefully reviewed the Settlement Statement and to the best of my knowledge and belief. it is a true ' and accurate statement of all receipts and disbursements made.on account of this transaction. Grantee: City of Mliami Beach,a Fl '.ida munici.al corporation Ili. By: _" ..mr, Prim Named tle:Jini,,' L. Morales, City Manager . \, Appro '1s..to form an ,ngu.. e.for Execution By �-- • City Attorney Closing Affidavit (Seller). Before me, the undersigned authority, personally appeared the undersigned ("Aiuiant"), who being by me first duly sworn, on oath,depose(s)and say(s) that: I. The Royal Club Condominium Association, Inc.,a Florida not for profit corporation ("Seller"), is the owner of and is selling the following described property to City of Miami Beach, a Florida municipal corporation ("Buyer"), to wit: The parcel of land lying West of Collins Avenue, bounded on the Northerly Side by the Northerly Line of Lot 5, Block 4, as shown on the amended Plat of THE AMENDED MAP OF THE OCEAN FRONT PROPERTY OF THE MIAMI BEACH IMPROVEMENT COMPANY, recorded in Plat Book 5, at Pages 7 and 8, of the Public Records of Miami-Dade County, Florida, extended to the Westerly Side of the Bulkhead on the Easterly Shore of the "Lake",as said "Lake" is shown on said plat; bounded on the Southerly Side by the Southerly Line of Said Lot 4,Block d of the Plat,extended Westerly to the Westerly side of:the Bulkhead on the Easterly Shore of said "Lake"; bounded on the Easterly Side by Collins Avenue, as said Collins Avenue is shown on said plat; and bounded on the Westerly side by the Westerly side of the Bulkhead on the Easterly Shore of said "Lake". 2. The above described property is free and clear of all liens, taxes, encumbrances and claims of every kind, nature and description of record whatsoever, except for mortgage or mortgages, if any, described in the Deed and except for real estate and personal property taxes for the year 2019, which are not yet due and payable. 3. There have been no improvements, alterations, or repairs since acquisition by the Seller to the above described property for which the costs thereof remain unpaid, that there are no claims for labor or material furnished for repairing or improving the same,which remain unpaid since the acquisition by Seller,and that there are no mechanic's,materialmen's, or laborer's liens since acquisition by Seller against the'above described property: 4. There have been no documents recorded in the Public Records of Miami-Dade County, Florida subsequent to July 5, 2019, which affect title to the Property and Seller has not entered into any contracts for the sale, disposition or leasing of the Property since said date except as may have been disclosed to SUZANNE A. DOCKERTY, P.A. in writing, and Seller has no knowledge of any matter affecting title to the i'roperty. 5 The personal property contained in the building on said property,or on the said premises,and which, if any, is being sold free and clear of all liens, encumbrances, claims and demands whatsoever. The Seller knows of no violations of Municipal or County Ordinances pertaining to the above described property. No judgment or decree has been entered in any court in this State or the United States against said Seller which remains unsatisfied. There are no personsother than Seller in possession of the above described property. 6. Seller agrees that in the event the current real estate or personal property taxes vary in amount front the figures used in making the prorations used in closing the transfer and conveyance of the above described property to said buyers, then a new proration and a correct and proper adjustment will be made upon demand. 7. There are.no matters pending against the Seller that could give rise to a lien that would attach to the property between the effective date of commitment and the recording of the interest to be insured. Seller has not and will not execute any instruments that would adversely affect the interest to be insured. 3. . Seller's title to,and possession and enjoyment of, the property have been open,notorious,peaceable and undisturbed,and have never been disputed nor questioned. 9. There are no disputes concerning the boundary lines of the property,and the operation of any buildings on said property has been in compliance with the applicable building codes,ordinances and statutes. 10: Aflianl has received no notice of any public hearing regarding assessment for improvements or changes in applicable zoning laws concerning said property within the past ninety(90)days. Fite Number 247174-22 DoubleTtme' I I. There are.no actions or proceedings now pending in any State or Federal Court to which the Seller is a party, including but not limited,to,proceedings in bankruptcy,receivership or insolvency,nor are there any judgments,bankruptcies,liens or executions of any nature which constitute or could constitute a charge or lien upon said property. • 12. There are no unrecorded easements,claims of easement or rights-of-way affecting all or any portion of the property. 13. Seller understands that Section 1445 of the Internal Revenue Code provides that a Buyer of a United States real property interest must withhold tax if the Seller is a foreign person. To'inform the Buyer that withholding of tax is not required upon purchase of the above-described property,Seller certifies the following: a. Seller is not a nonresident alien individual, foreign corporation,foreign partnership, foreign trust or foreign estate for purposes of United States federal income taxation. b. Seller's U.S.Taxpayer Identification Number is 59-2359680. c. Seller's address is: 2457 Collins Avenue,Suite IOU,Miami Beach, FL 33I40. d. No other persons or entities have an ownership interest in the above described property. Seller understands the Buyer of the described property intends to rely on the foregoing representations in connection with the United States Foreign Investment in Real Property Tax Act. (FIRPTA). Seller understands this certification may be • disclosed to the Internal Revenue Service by the Buyer and that any false statements contained in this certification may be punished by line, imprisonment or both: Seller has the authority.to sign this affidavit as either individual Seller or on behalf of an entity Seller. Under penalties of perjury,Seller states that this declaration was carefully read and is true and correct. 14. This affidavit is given for the purpose of clearing any possible question or objection to the title to the above'referenced property and, for the purpose of inducing SUZANNE A. DOCKERTY, P.A. and Old Republic National Title Insurance Company to issue title insurance on the subject property, with the knowledge that said title companies are relying upon the statements set forth herein. Seller hereby holds SUZANNE A. DOCKERTY, P.A. and Old Republic National Title insurance Company harmless and fully indemnifies same (including but not limited to attorneys' fees, whether suit he brought or not, and at trial and all appellate levels, and court costs and other litigation expenses) with respect to the matters set forth herein. "Affiant", "Seller"and "Buyer" include singular or plural as context so requires or admits. Seller further states that he she is familiar with the nature of an oath and with the penalties as provided by the laws of the United States and the State of Florida for falsely swearing to statements made in an instrument of this nature Seller further certifies.that he she has read,or heard read,the full facts of this Affidavit and understands its context. Under penalties of perjury, I declare that I have read the foregoing Affidavit and that the facts stated in it are true. The Royal Club Condomini ' Association,. Inc., a • Florida not for profs corpo ton I3y: • Print Name: G-"--'` Q Print Title: rr-5 ;Girt Cloying rljJidnrb(Seller)-Pace 2 File Number 24717-I-22 Doubie-rimes • State of Florida County of Miami-Dade -1i7 Th• foregoing instrumegt was sworn to and subscribed be re me this day of1O ��t'?'y? pY' 2019 by _O.SQ (•,r✓rz..o (Print Name), (rz5_�.0 2h -------------(print Title) of The Royal Club • Condominium'Association. Inc., a Florida not for profit corporation, 'on behalf of the corporation. I-!e.'she U is personally known to me or.[ ]has produced a driver's license as identification. [Notary Seal) Nota. ublic II • Printed:Name: get.-v'tp_32.li►J- ;•,:►. MARIEEN1,HERNANDEZ i My Commission Expires: /I — U=�Dti f rem, Notary taStNryauPguhbhhca-ASNtWate of"(arida da '1:40, rumen GG 247473 4 drCmNa2a0ry,M20n2 • • • • • • • • • Oaring rI Jidai rt.ISdUt rl Pug,:3 Filr Numher 2J7174-22 DoubleTime' ,_J CORPORATE RESOLUTION OF THE ROYAL CLUB CONDOMINIUM ASSOCIATION, INC:, A FLORIDA NOT FOR PROFIT CORPORATION The undersigned certifies that at a meeting of all of the directors of The Royal Club Condominium Association, Inc., a Florida not for profit corporation held on 'Ma c,zv1.1 Liz./ P-1 , 2012, the following resolution was duly adopted and voted, and it is in full force and effect and has not been rescinded or countermanded as of the date hereof: RESOLVED, that dOSe_ /0 fY-Z..1415 _ . (print name), as �(.� 0 (print title) of The Royal Club Condominium Association, Inc., a Florida . not for profit corporation is hereby authorized and directed to execute and deliver any and all such instruments, agreements, deed, and such other documents and take such other action on behalf of The Royal Club Condominium.Association, Inc. as may be necessary or appropriate to close on the. conveyance of a portion of 2457 Collins Avenue, Miami Beach, FL 33140 all as.described in the Quit Claim Deed and that certain Easement Agreement attached hereto and made a part hereof, and to otherwise carry out the transaction contemplated by or to be taken by The Royal Club Condominium Association,.Inc. All documents shall be in such form as is deemed in the best interest of The Royal. Club Condominium Association, Inc. in the opinion of Jb.s.e (print name), whose determination thereof shall be conclusive and final. RESOLVED, that (i) Association has obtained approval of the required number of the Condominium Unit owners authorizing the Board of Directors of the Association to convey the Property to the City; (ii) The Property does not constitute all or substantially all of the assets of the Association; (iii) Association is duly organized, validly existing, and in good standing under the laws of the State of Florida; (iv) The conveyance of.the Property to the City does not violate any of the terms of' the Association's articles of incorporation or bylaws. FURTHER RESOLVED, that the Conveyance described herein does not constitute all or substantially all of the assets of The Royal Club Condominium Association, Inc. CERTIFIED TO this day of AL✓et6 t' 2014. The Royal Club Condominium Association, Inc., a Florida not for prfcorporation By: W. A s Nam : �c';c vk ,a'x t Print Dame: e bee Witness Na e: Title: