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Satisfaction of MortgageX008--~~~ This Instrument Was Prepared By, Record and Return to: Raul J. Aguila, Esq. Office of the City Attorney City of Miami Beach 1700 Convention Center Drive Miami Beach, Florida 33135 SATISFACTION OF MORTGAGE KNOW ALL MEN BY THESE PRESENTS: That the City of Miami. Beach, a Florida municipal corporation (the "City"), whose post office address is 1700 Convention Center Drive, Miami Beach, Florida 33139, the owner and holder of the following-described security document recorded in the Public Records of Miami-Dade County, Florida, securing that certain note in the principal sum of One Million Six Hundred Thousand Dollars ($1,600,000.00): Mortgage executed by MBCDC: Villa Maria, LLC, a Florida limited liability company, dated the 18th day of March, 2005, recorded on the 22nd day of March, 2005, under Clerk's File No. 200580279678, in Official Records Book 23191 at Pages 226 - 2277, of the Public Records of Miami-Dade County, Florida (the "Mortgage"); which encumbers the property situate in said County and State, described as follows, to-wit: Lots 1, 2, 6 and 7, Block 10, Amended Map of OCEAN FRONT PROPERTY OF MIAMI BEACH IMPROVEMENT COMPANY Subdivision, according to the plat thereof; as recorded in Plat Book 5, at Page 7, of the Public Records of Miami-Dade County, Florida (the "Property"); hereby acknowledges full payment and satisfaction of said note and Mortgage, and surrenders the same as cancelled and terminated. IN WITNESS WHEREOF, the undersigned has caused these presents to be duly executed the ~6~ay of ~ 7t'rN 2008. Signed, sealed and delivered in the presence of: WITNESSES: CITY OF MIAMI BEACH, FLORIDA, amunicipal corporation of the State of Florida ~. Pri Name: y By~ Print ame: ~ ~ ~ J ~ v By; [SEAL] STATE OF FLOIRDA } )SS: COUNTY OF MIAMI_DADE) ~, THE FOREGOING ~,TRUMENT was/~cknowledged be~Qre me this ' ~ day of _> - , 2008, byJ~ ~i' -~ Ova' ctr~,~ , as J? ~ of The City o iami Beach, a municipal co ration. personally Known ^ Produced driver's license ^ Produced Print 6r Stamp N~rlne: - Notary Public, State of _ Commission No.: My Commission Expires: at Large NOTARY PUBLIC-STATE OF FLORIDA ""'~• Maria Rodriguez Cepero Commission #DD782251 APPROVED AS TO '.' Expires: JUNE 13, 2012 FORM & LANGUAGE BaNDEDTH1tUATLhhTIC80NDINGCQ,INC ~ FOR CUTION C:IDOCUMENTS AND SETTINGSWTTOAGUR\LOCAL SETTINGSITEMPORARY IN ,RNE ILES\ h4 6\SAT-MTG V2.DOC -2- ty orney at