I ATLAHTI Ci 1* NJ Atlantic County EDNARD P. Hragiria?u, rouuiv ri- ,.enr RCPI 13e359? REED REC FEES $23.33 ?at?9 Document Summary Sheet 13:45:17 am INST 2017069886 ATLANTIC COUNTY CLERK 5901 MAIN ST MAYS LANDING, NJ 08330 Company Hoboken NJ 07030 Return Name and Address Old Republic National Title Insurance 2 Hudson Place, 5th Floor Official Use Only Submitting Company Old Republic National Title Insurance Company Document Date 12/18/2017 Document NOTICE OF SETTLEMENT No. of Pages of the Original Signed Document (Including the cover sheet) 5 Consideration Amount (If applicable) (Last Name, First None Middle Initial, Suffix) (or Company Name as written) Address (Optional) Namels) First Party ACOW RE, LLC (Grantor or Mortgagor or Assignor) (Enter up to five names) Name(s) (Last Name, First None Middle Initial, Suffix) (or Company Name as written) Address (Optional) (Grantee or Mortgagee or Assignee} (Enter up to five names) Second Party JPMorgan Chase Bank, National Association Municipality Block Lot Qualifier Property Address Parcel Information (Enter up to three entries) Book Type Book Beginning Page Instrument No. Recorded/File Date Reference Information (Enter up to three entries) DOCUMENT SUMMARY SHEET (COVER SHEET) IS PART OF ATLANTIC COUNTY FILING RECORD. RETAIN THIS PAGE FOR FUTURE REFERENCE. NOT REMOVE THIS Book?l4358 Page1 of5 NOTICE OF REAL ESTATE SETTLEMENT Name(s) and address(es) ACOWRE, LLC 500 Boardwalk Atlantic City, NJ 08401 Mortgagor(s) Notice of -and- Settlement Name(s) and address(es) JPMorgan Chase Bank, National Association 383 Madison Avenue New York, NY 10179 Mortgagee(s) NOTICE is hereby given of a MORTGAGE COMMITMENT (contract, agreement or mortgage commitment) between the parties hereto. The Lands to be affected are described as follows: All that (those) certain tract(s) or parcel(s) of land and premises situate lying and being in the City of Atlantic City, County of Atlantic and State of New Jersey, commonly known as (street address) 500, 601 Boardwalk; 117 South Massachusetts Avenue and more particularly described as follows: SEE ATTACHED LEGAL DESCRIPTION Old ubTic Ntyzinal Insurance Company . Susa/ . Icklan?: Vice President udson Place, 5th Floor Hoboken, NJ 07030 STATE OF NEW JERSEY, COUNTY OF HUDSON SS: I CERTIFY that on 12/18/2017 Susan S. Icklan personally came before me and stated to my satisfaction that she signed and delivered the attached document as a Vice President of Old Republi ational Title Insurance Company, the corporation named in the docume that she had the authority to sign and deliver the docu by the ration ed and delivered same as the voluntary act and deed of orporation. tary Public File and return to: Old Republic National Title Insurance Company Danielle Rosso 2 Hudson Place, 5th Floor Nota Public, State of New Jersey Hoboken, NJ 07030 No. 2204988 Quali?ed in Hudson County Title Commission Expires Dace?, IO 9032 Book1z?58w Page 2 of 5 FILE NO. ATL-14651-17 SCHEDULE A-4 LEGAL DESCRIPTION ALL that tract or parcel of land and premises, situate, lying and being in the City of Atlantic City, County of Atlantic and State of New Jersey, more particularly described as follows: Parcel I CASINO PARCEL (BLOCK 62, LOT 1 and 2): BEGINNING AT THE INTERSECTION OF THE SOUTHERLY LINE OF ORIENTAL AVENUE (72' AS WIDENED 12' ON ITS NORTHERLY SIDE) WITH THE EASTERLY LINE OF NEW JERSEY AVENUE (50' WIDE), AND EXTENDING FROM SAID BEGINNING THENCE 1. NORTH 62 DEGREES, 32 MINUTES, 00 SECONDS EAST IN AND ALONG THE SOUTHERLY LINE OF ORIENTAL AVENUE 960.00 FEET TO THE WESTERLY LINE OF METROPOLITAN THENCE 2. SOUTH 27 DEGREES, 28 MINUTES, 00 SECONDS EAST IN AND ALONG SAME 875.00 FEET TO THE INLAND OR INTERIOR LINE OF PUBLIC PARK (THE BOARDWALK) (60' THENCE 3. SOUTH 62 DEGREES, 32 MINUTES, 00 SECONDS WEST IN AND ALONG SAME, PARALLEL WITH PACIFIC AVENUE 535.00 FEET TO A POINT OF THENCE 4. SOUTHWESTWARDLY CONTINUING IN AND ALONG THE INLAND OR INTERIOR LINE OF PUBLIC PARK IN THE ARC OR A CIRCLE CURVING TO THE LEFT, HAVING A RADIUS OF 687.845 FEET, AN ARC LENGTH OF 99.82 FEET TO A POINT OF THENCE 5. SOUTH 54 DEGREES, 13 MINUTES, 06 SECONDS WEST STILL IN AND ALONG THE INLAND OR INTERIOR LINE OF PUBLIC PARK 328.99 FEET TO THE WESTERLY LINE OF NEW JERSEY THENCE 6. NORTH 27 DEGREES, 28 MINUTES, 00 SECONDS WEST IN AND ALONG SAME 929.81 FEET TO THE POINT AND PLACE OF BEGINNING. Note for Information: Being known and designated as Tax Lots 1 2 in Block 62 on the Tax Map of the City of Atlantic City, County of Atlantic, State of New Jersey. Note for Information: Being commonly known as 500 601 Boardwalk, Atlantic City, New Jersey. Old Republic National Title Insurance Company (201) 610 9455 HBook14358 Page30f5 FILE NO. ATL-14651-17 SCHEDULE A-4 LEGAL DESCRIPTION Parcel II CENTRAL UTILITY PLANT PARCEL (BLOCK 68, LOT 3.02): BEGINNING AT A POINT IN THE INTERSECTION OF THE WESTERLY LINE OF METROPOLITAN AVENUE (30.00? WIDE) AND THE NORTHERLY LINE OF ORIENTAL AVENUE (60.00? WIDE) AND THENCE 1. SOUTH 62 DEGREES 32 MINUTES 00 SECONDS WEST IN AND ALONG THE NORTHERLY LINE OF ORIENTAL AVENUE A DISTANCE OF 142.00' TO A POINT IN THE EAST LINE OF MASSACHUSETTS AVENUE (68.00 THENCE 2. NORTH 27 DEGREES 28 MINUTES 00 SECONDS WEST IN AND ALONG SAME A DISTANCE OF 280.00? TO A THENCE 3. NORTH 62 DEGREES 32 MINUTES 00 SECONDS EAST PARALLEL WITH ORIENTAL AVENUE A DISTANCE OF 7700? TO A THENCE 4. SOUTH 27 DEGREES 28 MINUTES 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 20.00 FT. TO A THENCE 5. SOUTH 62 DEGREES 32 MINUTES 00 SECONDS WEST PARALLEL WITH ORIENTAL AVENUE A DISTANCE OF 5.00? TO A THENCE 6. SOUTH 27 DEGREES 28 MINUTES 00 SECONDS EAST PARALLEL WITH METROPOLITAN AVENUE A DISTANCE OF 60.00? TO THE NORTHERLY LINE OF FORMER LOT 7; THENCE 7. NORTH 62 DEGREES 32 MINUTES 00 SECONDS EAST IN AND ALONG SAME AND PARALLEL WITH ORIENTAL AVENUE, A DISTANCE OF 10.00? TO THE CORNER OF A 3? 60? STRIP OF LAND (LOT 16); THENCE 8. SOUTH 27 DEGREES 28 MINUTES 00 SECONDS EAST PARALLEL WITH METROPOLITAN AVENUE A DISTANCE OF 025? TO THE NORTHERLY LINE OF FORMERLY LOT 13; THENCE 9. NORTH 62 DEGREES 32 MINUTES 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 6000? TO A POINT IN THE WEST LINE OF METROPOLITAN THENCE 10. SOUTH 27 DEGREES 28 MINUTES 00 SECONDS EAST IN AND ALONG SAME A DISTANCE OF 199.75? TO THE POINT AND PLACE OF BEGINNING. Note for Information: Being known and designated as Tax Lot 3.02 in Block 68 on the Tax Map of the City of Atlantic City, County of Atlantic, State of New Jersey. Note for Information: Being commonly known as 117 South Massachusetts Avenue, Atlantic City, New Jersey. ORT Form 4308 ALTA Commitment for Title Insurance 06/06 Book14358 Page 4 of 5 FILE NO. ATL-14651-17 SCHEDULE A-4 LEGAL DESCRIPTION TOGETHER WITH THE EASEMENT FOR UTILITY PURPOSES AS SET FORTH IN EASEMENT AGREEMENT BETWEEN NB ACQUISITION LLC, A NEW JERSEY LIMITED LIABILITY COMPANY, REVEL ATLANTIC CITY, LLC, A NEW JERSEY LIMITED LIABILITY COMPANY, ACR ENERGY PARTNERS, LLC AND THE CITY OF ATLANTIC CITY DATED FEBRUARY 17, 2011, RECORDED FEBRUARY 18, 2011 IN BOOK 13261, INSTRUMENT NO. 2011011166. (AFFECTS BLOCK 62, LOT 1, LOT 2; BLOCK 68, LOT 3.02), BEING FURTHER DESCRIBED AS FOLLOWS: ALL THAT CERTAIN lot, tract, parcel or easement of lands and promises situate, lying and being in the City of Atlantic City, County of Atlantic and State of New Jersey being bounded and described as follows: BEGINNING at a point in the northerly line of Oriental Avenue (6000' wide) said point being 54.00' west of the westerly line of Metropolitan Avenue (4000' wide) and extending from said beginning point thence 1. South 27 degrees 28 minutes 00 seconds East end parallel with Metropolitan Avenue a distance of 60.00 to a point in the southerly tine of Oriental Avenue; thence 2. South 62 degrees 32 minutes 00 seconds West in and along said line a distance of 115.00' to a point; thence 3. North 27 degrees 28 minutes 00 seconds West and parallel with Metropolitan Avenue a distance of 80.00 to a point within the roadway of Massachusetts Avenue and in the extended southerly line of Oriental Avenue: thence 4. North 62 degrees 32 minutes 00 seconds East in and along said line a distance of 115.00' to the point and place of BEGINNING. KNOWN AS a portion of the Oriental and Massachusetts Avenues right of ways as shown on the Atlantic City Tax Map. Old Republic National Title Insurance Company (201) 610 9455 Book14358 Page 5 of 5