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Declaration of RESTRICTIVE Covenants Regardaing Improvements in the Public Right-Of-Way ZO2o-3 ► yc y DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 This instrument was prepared by: Name: Michael W.Larkin,Esq. Bercow Radell Fernandez Larkin&Tapanes,PLLC Address: 200 S. Biscayne Blvd.,Suite 850 Miami,Florida 33131 DECLARATION OF RESTRICTIVE COVENANTS REGARDING IMPROVEMENTS IN THE PUBLIC RIGHT-OF-WAY KNOW ALL BY THESE PRESENTS that the undersigned SUKKAH MIAMI BEACH ACQUISITIONS LLC ("Owner") hereby makes, declares and imposes on the land herein described, covenants running with the title to the land, which shall be binding on Owner, its heirs, successors and assigns, personal representatives, mortgagees, lessees, and against all persons claiming by, through or under them (the "Declaration") and in favor of the City of Miami Beach, Florida, a municipality of the State of Florida ("City"). WHEREAS, Owner holds fee simple title to certain property located at 4000 Collins Avenue,City of Miami Beach Florida, identified by Miami-Dade County Folio No. 02-3226-001-1930, and more particularly described on Exhibit "A" attached ("Property"); WHEREAS,Owner has obtained certain development approvals("Development Approvals") from the City in connection with the redevelopment of the Property as a hotel development; WHEREAS, City requires that Owner design, construct,and install landscaping and associated improvements on the Property and in certain portions of the public right- of-way abutting the Property ("Improvements"), in accordance with the Hardscape Plan, Planting Plan, Plant List and Specifications, Irrigation Plan, Irrigation Specifications, and Lighting Plan reviewed and approved by the City and prepared by Charles H. Benson & Associates Architects, P.A. ("Plan") attached hereto as Exhibit WHEREAS, portions of the roads abutting the Property("Right-of-Way Area") are subject to a Landscape, Irrigation and Bonded Aggregate Paving/�Maintenance Memorandum of Agreement with the City of Miami Beach dated day�� or St 1��cr, 2020, and State of Florida Department of Transportation ("Agreement")attached hereto as Exhibit "C"; WHEREAS, Owner, has applied to the City for permission to install the Improvements within the Right-of-Way Area, according to the Plan, and Owner has 1 DocuSign Envelope ID. 0F763762-87C0-4712-AFC1-54E0978D3C62 agreed to bear all costs related to the Agreement and the installation, maintenance, and repair of the improvements; and NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is acknowledged, including consideration of the Development Approvals,Owner voluntarily covenants and agrees that the Property shall be subject to the following restrictions that are intended and shall be deemed to be covenants with the land and binding upon Owner of the Property and its successors in interest and assigns, as follows: 1. Recitals. The foregoing recitals and findings set forth in the preamble of this Declaration, together with all capitalized terms defined therein, are hereby adopted by reference thereto and incorporated herein as if fully set forth herein. 2. Covenants Running with the Land. Owner covenants and agrees as follows: a) To install and maintain the Improvements as depicted in Exhibit "B", at Owner's sole cost and expense; b) To replace,restore and/or repair the Improvements,as depicted in Exhibit"B," at Owner's expense, in the event the City must issue an underground utility or right-of-way permit for work in the Right-of-Way Area; c) To hereby grant to the City the right to remove, add, repair, maintain, and replace, or require that the Owner remove, add, repair, maintain, and replace, any of the Improvements within the Right-of-Way Area, at Owner's sole expense, in the event the City determines in its reasonable discretion that such action is required; d) To add the City as additional named insured on the Certificates of Insurance for Commercial General Liability Insurance, including Products-Completed Operations and Contractual Liability, in an amount not less than$1,000,000.00 combined single limit per occurrence,and $2,000,000.00 in the aggregate, for bodily injury and property damage,and Workmen's Compensation as required by law; e) In the event Owner fails to perform any work as required under this Declaration, City has the right to remove and repair the Improvements, and/or restore the area within the Right-of-Way Area where the Improvements are located, and charge Owner the direct and actual our of pocket costs associated with all such work. fn the event that Owner fails to pay for the work performed by the City within forty-five (45) days of Owner's receipt of invoice, City may impose a lien against the Owner's Property,consistent with applicable law,and/or file a collection action in Circuit Court. If the City elects to impose a lien on Owner's 2 DocuSign Envelope ID 0F763762-87C0-4712-AFC1-54E0978D3C62 Property, City will provide prompt written notice to Owner's mortgagee, as shown in the Consent of Mortgage and Subordination of Mortgage attached hereto;and t) To be bound by all the City's responsibilities imposed under the Agreement for that portion of the Right-of-Way Area within which the Improvements are located, and to be bound by the City's ordinances and Land Development Regulations. Owner agrees that it shall remain responsible for all costs associated with the Agreement, including the installation, maintenance, and repair responsibilities for the Improvements, and to the extent required, reimburse the City for all the City's costs incurred pursuant to the Agreement. 3. Term. This voluntary Declaration shall remain in full force and effect and shall be binding upon the Owner of the Property, and Owner's successors in interest and assigns, for an initial period of thirty (30)years from the date this instrument is recorded in the public records, and shall be automatically extended for successive periods of ten (10) years, unless modified, amended or released prior to the expiration thereof. 4. Modification. This Declaration may be modified, amended or released as to any portion of the Property, by a written instrument executed by the then Owner of the fee-simple title to the land to be affected by such modification, amendment or release, providing that same has been approved by the City. In the event this instrument be so modified, amended or released, the City shall execute a written instrument in recordable form effectuating and acknowledging such modification, amendment or release. 5. Recording. This Declaration shall be recorded in the Public Records of Miami-Dade County, Florida at the cost of the Owner. 6. Inspection. It is understood and agreed that any official inspector of the City may have the right, upon reasonable prior written notice to Owner, at any time during normal working hours, to enter and investigate the use of the Property, to determine whether the conditions of this Declaration are being complied with. 7. Indemnification. Owner, and its successors and assigns, hereby agree to indemnify, defend, release and hold harmless the City, its officers, and employees from and against all claims, demands, actions, damages, losses, costs, liabilities, expenses, and judgments of any nature(including,without limitation,attorneys' fees and costs),through all trial and appellate levels, recovered from or asserted against the City that may arise by virtue of, or in connection with, the Improvements, the installation or maintenance of the Improvements, the Agreement,or otherwise by virtue of the City permitting the Owner to install and maintain the Improvements, including the costs of any suits, attorney's fees, and other expenses in connection therewith, including trial and appeals therefrom, except not including for City's willful misconduct or gross negligence. Nothing in this Declaration shall be construed to increase or otherwise waive any limits of liability or immunity afforded to the City under the laws of the State of Florida, including, without 3 DocuSign Envelope ID 0F763762-87C0-4712-AFC1-54E0978D3C62 limitation, the limitations of liability and immunities set forth in Section 768.28 of the Florida Statutes. 8. Obligation. Owner acknowledges that the City shall have no financial and/or other obligation and/or liability for the maintenance of the Improvements (including, without limitation, any liability for improper or inadequate maintenance by Owner); these are the sole obligations of Owner to maintain. Additionally, it is the intent of the parties hereto that no third party beneficiary rights are created or acknowledged through this Declaration 9. Notice. All notices,demands,requests,or other communications which may be or are required to be given,served,or sent by Owner or the City pursuant to this Declaration shall be in writing and addressed as follows: If to Owner: SUKKAH MIAMI BEACH ACQUISITIONS LLC CORPORATE CREATIONS NETWORK INC. 801 US HIGHWAY 1 NORTH PALM BEACH,FL 33408 With copies to: Bercow,Radell Fernandez Larkin& Tapanes, PLLC Attn: Michael W.Larkin,Esq. • 200 S.Biscayne Boulevard, Suite 850 Miami,Florida 33131 If to the City: City of Miami Beach Attn: City Manager 1700 Convention Center Drive,4th Floor Miami Beach,Florida 33139 With copies to: City of Miami Beach Attn: Public Works Director 1700 Convention Center Drive,4th Floor Miami Beach,Florida 33139 Each Party may designate by notice in writing a new address to which any notice,demand, request or communication may thereafter be so given,served or sent. 10. Headings. The section headings of this Declaration are for convenience of reference only and do not form a part of this Declaration and do not in any way modify,interpret, or otherwise affect the intentions of the Parties. 11. Governing Law. This Declaration shall be governed by, and constructed in accordance with,the laws of the State of Florida without regard to its conflicts of law principles. 4 DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 12. Execution. This Declaration may be executed and delivered in counterparts, each of which shall be deemed to be an original and all of which together shall be deemed one and the same instrument. 13. Severability. If any one or more of the provisions of this Declaration shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any of the other provisions of this Declaration, which shall remain in full force and effect and any court of competent jurisdiction may so modify the objectionable provision as to make it valid, reasonable, and enforceable. 14. Miscellaneous. a) Effectiveness. This Declaration shall become effective as of and only as of its execution and delivery by each of Owner and City. b) This Declaration shall be recorded in the Public Records of Miami-Dade County, Florida, at the cost of Owner. c) Complete Understanding. This Declaration represents the complete understanding between Owner and City as to the subject matter hereof, and supersedes all prior negotiations, representation, guarantees, warranties, promises,statements,or agreements,either written or oral,between Owner and City. d) Amendment. This Declaration may be amended by and only by an instrument executed and delivered by each of Owner and City. e) Waiver.Neither owner or City shall be deemed to have waived any right which they hold hereunder unless the waiver is made expressly and in writing (and, without limiting the generality of the foregoing, no delay or omission by either Owner or City in exercising any such right shall be deemed a waiver of its future exercise). No waiver shall be deemed a waiver as to any other instance or any other right. f) Construction.As used herein,(a) the term "person"means a natural person, a trustee,a corporation,a partnership,and any other form of legal entity;and(b) all reference made (i) in the neuter, masculine, or feminine gender shall be deemed to have been made in all genders,(ii) in the singular or plural number shall be deemed to have been made, respectively, in the plural or singular number as well,and(iii)to any Section,subsection,paragraph,or subparagraph shall,unless therein expressly indicated to the contrary,be deemed to have been made to such Section, subsection, paragraph, or subparagraph of this Declaration. 5 DocuSign Envelope ID:OF763762-87C0-4712-AFC1-54E0978D3C62 g) Binding Effect. Except as otherwise provided in this Declaration, this Declaration shall be binding upon, inure to the benefit of and be enforceable by the Parties hereto and their heirs, executors, administrators, successors, legal representations and permitted assigns. h) This Declaration shall be enforceable in Miami-Dade County, Florida. This • Declaration shall be governed by, and construed in accordance with,the laws of the State of Florida, both substantive and remedial, without regard to principles of conflict of laws. The exclusive venue for any litigation arising out of this Declaration shall be Miami Dade County, Florida. BY ENTERING INTO THIS DECLARATION,THE OWNER AND THE CITY EXPRESSLY WAIVE ANY RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CIVIL LITIGATION RELATED TO,OR ARISING OUT OF, THIS DECLARATION. i) Enforcement Costs. If any civil action, arbitration or other legal proceeding is brought for the enforcement of this Declaration, or because of an alleged dispute,breach,default or misrepresentation in connection with an provision of this Declaration,the successful or prevailing Party or Parties shall be entitled to recover reasonable attorneys' fees, court costs, sales and use taxes and all expenses even if not taxable as court costs (including, without limitation, all such fees, taxes, costs and expenses incident to arbitration, appellate, bankruptcy and post judgment proceedings), incurred in that proceeding, in addition to any relief to which such Party or Parties may be entitled. Attorneys' fees shall including, without limitation, paralegal fees, investigative fees, administrative costs, sales and use taxes and all other charges billed by the attorney to the prevailing party (including any fees and costs associated with collecting such amounts). [EXECUTION PAGE(S)FOLLOW] 6 DocuSign Envelope ID.0F763762-87C0-4712-AFC1-54E0978D3C62 IN WITNESS WHEI.EOF,each party has caused this Declaration to be properly executed as of the date identified below i sig ature. 1 ro -6- Zd City Attorne Date City of i ' Beaell k.)/I Z OE re.) City Public Works Director Date City of Miami Beach Witnesses: SUKKAH MIAMI BEACH ACQUISITIONS LLC, a Delaware limited liability company Name: I 1_ i . By: (��` • Name: I � "� 51 �� -� 1011 (U'\(riY,t4tt, .1u 6DI 1221- �(wCC.k.k�r^�1 Name.Title STATE OF i"L COUNTY OF BEFORE ME.a Notary Public in and for said County and State,this following instrument was acknowledged by means of›.-- physical presence or_onlin notarizations on this Z day of N tr t}',t� . 2020 by �l�i.o0\4,S.�J' .as "r.: 1F A of SUKKAH MIAMI BEACH ACQUISITIONS LLC.a Delaware Ihnited liability company on b half of such company, who is ersonally known to me or produced as identification. an ac .now edged to me that s/he executed same as a free and voluntary act and deed for the uses and purposes therein set forth. (i, Jv1� u itt1,-) / Notary Stamp: (Signa re) th) e('s• La K"1c.1ti EUU6ETM SE ROEErsoN (Print Name) �r. NtaonPub"' Sug:i n NYCCommmmn.Wires r+r 9.1024 DonCed Woof+Nat1oM1 votary Aitn. My Commission Expires: 1M ( :0221 Serial No.. if any: 7 DocuSign Envelope ID.0F763762-87C0-4712-AFC1-54E0978D3C62 JOINDER BY MORTGAGEE CORPORATION The undersigned IBERIABANK, a Louisiana state-charted bank, having its principle place of business at 1315 West Indiantown Road,Jupiter,Florida,and Mortgagee under that certain mortgage from SUKKAH MIAMI BEACH ACQUISITIONS LLC,a Delaware limited liability company dated the 7111 day of September,2018, and recorded in Official Records Book 31140,Page 4030 of the Public Records of Miami-Dade County,Florida,as amended by the SECOND MODIFICATION AND CONFIRMATION OF MORTGAGE, NOTE AND LOAN DOCUMENTS AND NOTICE OF FUTURE ADVANCE AGREEMENT,dated the 20'h day of December,2019,and recorded in Official Records Book 31742,Page 3410, of the Public Records of Miami-Dade County, Florida, covering all/or a portion of the property described in the foregoing DECLARATION OF RESTRICTIVE COVENANTS REGARDING IMPROVEMENTS IN THE PUBLIC RIGHT-OF-WAY ("Declaration"),does hereby acknowledge that the terms of this Declaration is and shall be binding upon the undersigned and its successors in title. IN WITNESS WHEREOF, these presents have been executed this LIA-N day of ,2020. Witnesses: IBERIABANK Signpure Name of Corporation Mea rX re✓ r• ,4 t, Address: Print a r; 1315 West Indiantown Road Jupiter,Florida 58, S g ature ii 4 i (o.-(G tr(t�"tWl�% By: 11, _.. Print Name (Pre ent,Ti Ie) 'v Print Name: J .1t-1-Aft<<it.(ng /I STATE OF I v S C a- COUNTY OF The foregoing instrument was acknowledged before me by means ofysical presence or __ online notarization this (a 4-a day of Qv ,c5�.S1 , 2020, by'S cc.�-'tj- cr-wchtoJ as -Tn.J of IBERIABANK, a Louisiana state- charted bank, on behalf of such company, who is person'ally know to mg)or produced as identification. 6 r_Sc Notary Stamp: (Signature) 17--•—/� ` '(' A o�1f i Sly 2 J r✓ri✓✓✓i%ri✓r✓rr✓i✓✓✓✓✓✓✓%i Print Name ; Aida 1. Rodriguez ( ) \ NOTARY PUBLIC•STATE OF FLORIDA MY COMMISSION EXPIRES MARCH 10,2023 My Commission Expires:1--Ao i e`, 201.3 �.r.,-:.-COMMISSION N0 OG 291725 r,�,.�.,:.�.:,,.,.,,✓�;�,�.,, Serial No.,if any: GC,- < DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 Exhibit"A" Property LEGAL DESCRIPTION Lots 10 thru 15 Inclusive, Block 34, LESS a part of lot 13 at the Northeasterly corner thereof, bounded by tangents to an arc of a circular curve having a central angle of 90'00'00", o radius of 20.00 feet, said excepted port of lot 13 recorded in Deed Book 2723, at Page 294, MIAMI—DADE COUNTY, FLORIDA, all shown on the AMENDED MAP OF THE OCEAN FRONT PROPERTY OF THE MIAMI BEACH IMPROVEMENT CO, Plat Book 5, at Page 8, of the Public Records of Miami—Dade County, Florida. 8 DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 Exhibit"B" Plan 9 DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 :;l1 911?eeS I IIII�al l rj , I I I I I f II ,11 :=lt11i ' t,'1!1 : ; ! ipii • . 11 h! 1 ! 1 1 i I '1; 0 0 0 14 0 0 1 11 0 0 0 0 0 , C I1 ' v o spa 1 ► - 1� 41 , D �� 111100. 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RELAY PANEL SCHEDULE -'� ^�""�"� 1111., :r - K.w^ 1111 �•+��-_�__r•^ u u f 9 1111.. -.-11x......,.........� -_ K ,1111. 1111 11,11 - 1111 __1111.-1111 1111... ` :.::.........._..,.......3...,..�. t I ..iw.� . _"rra=-v==- -. ` .,n..w.-.� 1111_.__ _-- U . • I •}.L.::::,........,......,,,,*._ A� try: «1111 r.. ,11,®11 1111 ., 11,11 .m.s r :Y -�-- --- --_1111.-. •.__..x—,—._11_.__11....- __�_...__.____�._.._ 1111 ,,.....l. ...T,....,.y , wo.o.,..0a.. ---1111 - L,2_1 ...--, li} - ELECTRICAL q. ..2. .IGHT FIXTURE .1111. :....-...„1.', SCHEDULES ...,_:�:.......... __--_.-1111._.._1111 0 c) t 2 3 4 5 5 7 CC a I I I I I I L Ci) 1 G rn West 41st Street -..,....,........w..:>...,.„......,. 'r ]G tO1K A011-IN-WAS " o(v. CD I..ro4044 CO.T.OIIl R ,. C r�sw • ..x.elr [.. -�c/>je$ 1r' 'm CD -..ar...r.0 .nra.e.. - -�Tl$ • — ✓ EatS '":?•••#.71.r:174. ...:.:174. �` — -1 •mrrL UV:'"oc''"=w.ew owrv.... 0 w�..-•ice , pns' .♦ uo.e.. tb 6.4 :'.w.. .R..:- �. .�=!^•r�'ac ln� _'i - MITI• A. .. 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Y•w.i Cpm ,... �w Y+Yr wYw ,+.aem. .M.far..A ., ,r l 1 O..' .o.,ero ® me S ®e n ' .�• ©•,mom m 7"-4'•: ea W` w.,..'a IJYY'ar ®�i .aaw.r..a«.m inao O • ifr fi ID d.. -.; a W•w =1,74,=,..„,,,,„,,,...,, O o o/ Q NM DOOMS elf. briallar. W.• • .... .. w .rn, min r.a.r...O..I.f.w> rp' .'»• XCZ-tOO-PRSW::.'''''.ow....-...'.«.�.a XFCV ON-SURFACE XFCV ONSURFACE XERISUO INTO 7l7'TUBUNO .......4, A CONTROL Z ONE_. M.T.S. ®..c.r.....w•,ur ORIPLINE LAYOUT N.T.S. ORIPLINE INSERT ADAPTER N.T.S. Rt W^TUSNIO,STATE E EUG CAP Nei.$. ..oaa"r^"•^ ROOF LEVEL IRRIGATION PLAN 1,01 . w�� N:'•_ I=,s IRR.3 DocuSign Envelope ID:0F763762-87C0-4712-AFC1-54E0978D3C62 Exhibit"C" Agreement 10