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MAMC FLORIDA SPORTSDANCE, LLCPREPARED BY AND RETURN TO: Lawrence B. Steinberg, Esquire Berger Singerman, P.A. 2650 North Military Trail, Suite 240 Boca Raton, Florida 33431 Tax Parcel/Folio ID Number: 16-29-15-20358-002-0070 KEN BURKE, CLERK OF COURT PINELLAS COUNTY FLORIDA INST# 2008328920 12/10/2008 at 10:11 AM OFF REC BK: 16447 PG: 1460-1461 DocType:DEED RECORDING: $18.50 D DOC STAMP: $6825.00 SPECIAL WARRANTY DEED THIS SPECIAL WARRANTY DEED is made this ? day of November, 2008, by MAMC FLORIDA SPORTSDANCE, LLC, a Florida limited liability company, whose mailing address is 3250 Mary Street, Suite 402, Coconut Grove, FL 33133 ("Grantor"), to the CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida, whose mailing address is Attn: City Attorney, City Hall, 112 S. Osceola Avenue, Clearwater, Florida 33756 ("Grantee"). WITNESSETH: That the Grantor, for valuable consideration, the receipt whereof is hereby acknowledged, hereby grants, bargains, sells, conveys and confirms unto the Grantee, and its heirs, personal representatives, successors and assigns, in fee simple absolute, all that certain land situate in Pinellas County, Florida and more particularly described as follows (the "Property"): Lot 6, LESS the East 19 feet 9 inches thereof, and the East 1/2 of Lot 7, Block B, JOHN R. DAVEY, ET AL. RESUBDIVISION, according to the Plat thereof as recorded in Plat Book 1, Page 87, of the Public Records of Hillsborough County, Florida, of which Pinellas County was formerly a part. Together with all improvements, tenements, hereditaments and appurtenances thereto belonging or appertaining. SUBJECT TO: (a) real estate taxes for the year 2008 and all subsequent years; (b) any and all conditions, restrictions, covenants, easements and matters of record; and (c) existing zoning, planning and land use ordinances and restrictions enacted by applicable governmental authorities. TO HAVE AND TO HOLD, the same in fee simple forever. AND the Grantor hereby binds itself and its successors and assigns to warrant and forever defend the title of the Property unto Grantee, and Grantee's successors and assigns, against every 1797171-1 person whomsoever claiming or purporting to claim the same by, through, or under Grantor, but not otherwise. IN WITNESS WHEREOF, the Grantor has duly authorized, executed and delivered this Special Warranty Deed the day and year first above written. WITNESSES: Print Name: -je-4a;L Y* r-- MAMC FLORIDA SPORTSDANCE, LLC, a Florida limited liability company By: Michael I. Goldberg, Rec Print Name: dky?4 LAV\UA? STATE OF FLORIDA COUNTY OF 8 OW The foregoing instrument was sworn to and subscribed before me this -;?Soday of November, 2008, by Michael I. Goldberg, as Receiver of MAMC FLORIDA SPORTSDANCE, LLB, a Florida limited liability company, on behalf of the limited liability company. He is either personally known to me or ? produced a driver license as identification. -Maw- 1. Not y Public, Stat of Florida Print Name: K+ M M4-}-r e r a ?L D My Commission Expires: i al, 1c it 1797171-1 BILL OF SALE KNOW ALL MEN BY THESE PRESENTS, that MAMC FLORIDA SPORTSDANCE, LLC, a Florida limited liability company ("Seller"), for and in consideration of the sum of Ten ($10.00) Dollars lawful money of the United States, to Seller paid by the CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida ("Purchaser"), the receipt and adequacy of which is hereby acknowledged, has granted, bargained, sold, transferred, and delivered, and by these presents does grant, bargain, sell, transfer, and deliver to Purchaser the following goods and chattels, to wit: All improvements and attached items, including fixtures, built-in furnishings, built-in appliances, ceiling fans, light fixtures, attached wall-to-wall carpeting, rods, draperies and window coverings, all located at 403 Cleveland Street, Clearwater, Florida 33755-4004 Seller has made this Bill of Sale without any representations or warranties whatsoever. "Seller" and "Purchaser" shall include the heirs, legal representatives, succesors and assigns of Seller and Purchaser. IN WITNESS WHEREOF, Seller has executed this instrument this day of November, 2008. Witnessed by: MAMC FLORIDA SPORTSDANCE, LLC, a Florida limited liability con i By: Name: Q e? Michael I. Name: /'1 1797494-1 • STATE OF FLORIDA COUNTY OF ?rW t,-J L' The foregoing instrument was acknowledged before me thisday of November, 2008, by Michael I. Goldberg, as Receiver of MAMC FLORIDA SPORTSDANCE, LLC, a Florida limited liability company, on behalf of the limited liability company. He is either CKpersonally known to me or ? produced a driver license as identification. abr k V,t , Notary Public, State of Fl ida Print Name: J'/1M c d-r P reirn c My Commission Expires: 1' / 4 17,611 ? ' ?AISSIOH,c? D Oar ?e 150,' .? #DD 714891 1797494-1 farm HUD-1 (3186) ref Handbook 4305.2 n A. Settlement Statement U.S. Department of Housing OMB Approval No. 2502-0285 eir and Urban Development (expires 1 113 0/2 00 9) r:, _ 5r PACF R nave careru sewed Ne HuO-1 5. nt 5talament end to lha beet of my K"W mge am v"' n ?e . x?v A.- . Ir ment $telem.nc OANCE. C ? , U, torm Huu-t (?ront rel nenuuuvR vuvu.c -,, - r FATIC 524 Policy No. FA-35- 16 3 4 0 3 3 POLICY Our TITLE INSURANCE 7 7- IS51_ ED 1 F;'i' First American Title Insurance Company SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the Insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a right of access to and from the land. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. .4 First American Ede Insurance Company BY 14 410? PRESIDENT Flt :!EST SECRETARY , (TP 10/99) ALTA Owner's Policy (10-17-92) (With Florida Modifications) •duedwo() ag) 3o ,C.]oleu3is pazlloglne 10 iaog;o $uilepilen to `,Cielaina5 1ue1s!ssV ue `S1e]aloas a41 `luaplsald aO!A e yuaMsald 01111a4)!2 S4 pau$[s olalaq pa4aelle 10 uoalaq pasiopua 2ull[lm e dq )daaxo aputu aq uea killod s!ql O1 luewaslOpu3 10 Jo ]u3wpuawe ON! 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If prompt notice shall not he given to the Company, then as to the insured all liability of the Company shall terminate with regard to the matter or matters for which prompt notice is required; provided, however, that failure to notify the Company shall in no case prejudice the rights of any insured under this policy unless the Company shall be prejudiced by the failure and then only to the extent of the prejudice. 4. DEFENSE AND PROSECUTION OF ACTIONS- DUTY OF INSURED CLAIMANT Td COOPERATE. (a) Upon written request by the insured and subject to the o 'ions contained in Section 6 of these Conditions and Stipulations, 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 it claim adverse to the title or interest as insured, but only as to those stated causes of action alleging a defect, lien or encumbrance or other matter 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 and 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 which allege matters not insured against by this policy. (b) The Company shall have the right, at its own cost, to institute and prosecute any action or proceeding or to do any other act which in its opinion may he necessary or desirable to establish the title to the estate or interest, 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 hereunder, and shall not thereby concede liability or waive any provision of this policy. If the Company shall exercise its rights under this paragraph, it shall do so diligently. (c) Whenever the Company Shall have brought an action or interposed a defense as required or permitted by the provisions of this policy, the Company may pursue any litigation to final determination by a court of competent jurisdiction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment Or order. (d In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of the insured for this purpose. Whenever requested by the Company the insured, at the Compan s expense, shall give the 6rnpany all reasonable aid (r in any aCllon Or proceeding, securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (iii in any other lawful act which in the opinion of the ompan may be necessary or desirable to establish the title to the estate or interest as insured. If the Companyy 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, prOSCCUte, or continue any litigatioiy with regard to the matter or matters requiring such cooperation. S. PROOF OF LOSS OR DAMAGE. In addition to and after the notices reqquired under Section 3 of these Conditions and Stipulations have been provided the Company, a proof of loss or damagge signed and sworn to by the insured claimant shall be furnished to the Company within 90 days after the insured claimant shall ascertain the facts giving rise to the loss Or damage. The proof of loss or damage shall describe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy which constitutes the basis of loss or damage and shall slate, to the extent possible, the basis of calculating the amount of the loss or damage. If the Company is prejudiced by the failure of the insured claimant to provide the required proof of loss or damage, 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 proof of loss or damage. In addition, the insured claimant may reasonably be required to submit to examination under oath by any authorized representative of the Company and shall produce for examma lion inspection and copying, at such reasonable times ana places as may be designated by an authorized representative of the Company, all records, books, ledgers, checks, correspondence and memoranda, whether bearinqp a date before or after Date of Policy, which 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 records, books, ledgers, checks, correspondence and memoranda in the custody or control of a third party, which reasonably pertain to the loss or damage. (ii) the difference between the value of the insured estate or interest as insured and the value of the insured estate or interest subject to the defect, lien or encumbrance insured against by this policy. (h) (This paragraph dealing with Coinsurance was removed from Florida policies.) (c) The Company will pay only those costs, attorneys' fees and expenses incurred in accordance with Section 4 of these Conditions and Stipulations. 8. APPORTIONMENT. If the land described in Schedule A consists Of two Or more parcels which are not used as a single site, and a loss is established affecting one or more of the parcels but not all, the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole, exclusive of any improvements made subsequent to Date of Policv, unless a liability or value has otherwise been agreed upon as to each parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement Or by an endorsement attached to this policy. 9. LIMITATION OF LIABILI'T'Y. (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 unmarketability of title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused thereby. (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 therefrom, adverse to the title as insured. (c) The Company shall not be liable for loss or damage to any 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 the insurance pro Canto. 11. LIABILITY NONC:UMULATIVE- It is expressly understood that the amount of insurance under this policy shall be reduced by any amount the. Company may pay 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 hereafter executed by an insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy to the insured owner. 1.2. PAYMENT OF LOSS- (a) No payment shall be made without producing this policy for endorsement of the payment unless the policy has been lost or destroyed, in which case proof of loss or destruction shall be furnished to the satisfaction of the Company. (b) When liability and the extent of loss or damage has been definitely fixed in accordance with these Conditions and Stipulations, the loss Or damage shall be payable within 30 days ihereafier_ 13. SUBROGATION UPON PAYMENTOR SETTLEMENT. (a) The Company's Right of Subrogation. Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be Subrogated to and be entitled 10 all rights and remedies which the insured claimant would have had against any person or property in respect to the claim had this policy not been issued. If requested by the Company, the insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect this right of subrogation. 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 or remedies. If a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to these rights and remedies in the proportion which the Company's payment bears to the whole amount of the loss. 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision and all other provisions shall remain in full force and effect. 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company, Attention: Claims Department, 1 First American Way, Santa Ana, California 92707. A. 11. First American Title Insurance Company COMMERCIAL[ X ] RESIDENTIAL [ ] NEW HOME SALE [ ] RESALE [ ] FORECLOSURE L ] OTHER [ ] SCHEDULE A Agent File No. 921370-10 Date of Policy: 12/10/2008 at 10:11am 1. Name of Insured: Policy No. FA-35- 1634083 Amount of Insurance: $ 975,000.00 City of Clearwater, Florida, a Municipal Corporation of the State of Florida 2. The estate or interest in the land which is covered by this policy is: Fee Simple 3. Title to the estate or interest in the land is vested in: City of Clearwater, Florida, a Municipal Corporation of the State of Florida 4. The land referred to in this policy is described as follows: See Schedule A attached hereto and made a part hereof By Page 1 File No.: 2061-1962293 First American Title Insurance Company Schedule A (Continued) Agent File No.: 921370-10 Policy No.: FA-35- 1634083 Lot 6, less the East 19 feet 9 inches thereof, and the East one half (1/2) of Lot 7, Block B, of JOHN R. DAVEY ET. AL. RESUBDIVISION, according to the Plat thereof, as filed in Plat Book 1 at Page 87 of the Public Records of Hillsborough County, Florida, of which Pinellas County formerly was a part. Page 2 File No.: 2061-1962293 First American Title Insurance Company SCHEDULE B Agent File No. 921370-10 Policy No.: FA-35- 1634083 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: Any rights, interests, or claims of parties in possession of the land not shown by the public records. 2. Any rights, interests, or claims affecting the land which a correct survey would disclose and which are not shown by the public records. Any lien for services, labor, or materials in connection with improvements, repairs or renovations provided before, on, or after Date of Policy, not shown by the public records. 4. Any dispute as to the boundaries caused by a change in the location of any water body within or adjacent to the land prior to Date of Policy, and any adverse claim to all or part of the land that is, at Date of Policy, or was previously, under water. 5. Taxes or special assessments not shown as liens in the public records or in the records of the local tax collecting authority, at Date of Policy. 6. Any minerals or mineral rights leased, granted or retained by prior owners. 7. Taxes and assessments for the year 2009 and subsequent years. NOTE: Exception(s) numbered 1, 2, 3, 4, 5 above is/are hereby deleted. 8. Rights of abutting owner of undivided one-half (1/2) interest in West party wall as provided in Deed from Sun Printing Company to John S. Taylor dated March 30, 1921, filed for record in Deed Book 123 at Page 487. 9. Restrictions, dedications, conditions, reservations, easements and other matters shown on the plat of JOHN R. DAVEY ET. AL. RESUBDIVISION, as recorded in Plat Book 1, Page(s) 87, but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin to the extent such covenants, conditions or restrictions violate 42 USC 3604(c). 10. Terms and conditions of any existing unrecorded lease(s), and all rights of lessee(s) and any parties claiming through the lessee(s) under the lease(s). Page 3 File No.: 2061-1962293 First American Title Insurance Company 11. Survey prepared by Target Land Surveying, Inc., dated 11/20/2008, under Job No. 081113.01, shows the following: encroachment of building overhang over the North lot line, building over the East lot line, concrete, brick and metal stairs over the South lot line. Page 4 File No.: 2061-1962293 First American Title Insurance Company Agent File No.: 921370-10 Note: All of the recording information contained herein refers to the Public Records of Pinellas County, Florida , unless otherwise indicated. Any reference herein to a Book and Page is a reference to the Official Record Books of said county, unless indicated to the contrary. Notices - Where Sent All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company, Attention: Claims Department, 1 First American Way, Santa Ana, CA 92707. Service, Quality and Availability First American Title Insurance Company cares about its customers and their ability to obtain information and service on a convenient, timely and accurate basis. A qualified staff of service representatives is dedicated to serving you. A toll-free number is available for your convenience in obtaining information about coverage and to provide assistance in resolving complaints at 1-800-929-7186. Office hours are from 8:30 a.m. through 5:30 p.m. Monday through Friday. a\rel\bollc\Gityclw-pact403 clev\cityclw-pact-op.doc Page 5 File No.: 2061-1962293 COUNTY IDENTIFIER: 16-29-15-20358-002-0070 ATLAS PAGE: 2868 LOCATION: 403 Cleveland Street (Royalty Theater) SHORT LEGAL: Lot 6, LESS the East 19 feet 9 inches thereof, and the East 1/2 of Lot 7, Block B, JOHN R. DAVEY, ET AL. RESUBDIVISION, according to the Plat thereof as recorded in Plat Book 1, Page 87, of the Public Records of Hillsborough County, Florida, of which Pinellas County was formerly a part. DIMENSIONS/ACREAGE: 53.5 X 117.2 (6270.20 sq. ft., mol) SURVEY: Yes- Target Land Surveying Job 081113.01 - November 20, 2008 APPRAISAL: Colliers Arnold Valuation Services - 08/12/08 - $1,100,000 James Millspaugh & Associates -- 08/26/08 $875,000 SPECIAL USE (IF ANY): Purchased in collaboration with Ruth Eckerd Hall to create a small-scale downtown theatrical venue. ZONING: City of Clearwater "D" (Downtown) SELLER: MAMC Florida Sportsdance, LLC, a Florida limited liability company PURCHASE PRICE: $975,000 CLOSING COSTS: $54,908.20 APPROPRIATION CODE: 0315-93614-560100-573-000-0000 (Parks & Rec) ACQUISITION DATE: December 9, 2008 TITLE INSURANCE: YES - MacFarlane Ferguson & McMullen TITLE UNDERWRITER: First American Title Insurance Company POLICY NO. FA-35-1634083 CLOSING AGENT/FILE NO.: McFarlane Ferguson & McMullen (Harry Cline, Esq.)/PACT O.R. BOOK/PAGE: 16447 / 1460 - 1461 (SPECIAL WARRANTY DEED) COMMENTS: See "Special Use."