. gibgnric CBUHTY: NJ -i an F. CBUHTY CLERK Atlantic County Bi Yvette - 51Fo an .3 Document Summary Sheet RTF MED-DD ?3 RECB osxoirzoia 12=5a:n3 PN INST 2913024191 UDL ?4423 Return Name and Address ATLANTIC COUNTY CLERK The Title Company of Jersey 5901 MAIN ST 1501 Tllton Rd. MAYS LANDING, NJ 08330 2nd ?oor No?h?em,NJ08225 Official Use Only Submitting Company The Title Company ofJersey Northfield ?7 LO [1 Document Date 04/15/2013 Document Type DEED No. of Pages of the Original Signed Document (Including the cover sheet) Consideration Amount (If applicable) $150,000.00 (Last Name, First None MiddIe Initioi, Suf?x) t' I Name?s) (or Company Name as written) Address rono) First Party TIM AC Hotel, LLC (Grontor or Mortgogor or Assignor) (Enter up to five names} {Last Name, First None Middie initial, Su?ix) . Address (Optional) Name 5 {or Company Name as written) Second Party Costas Corporation {Grantee or Mortgagee or Assignee) {En ter up to five names} Municipality Block Lot Qualifier Property Address Parcel Information Atlantic City 27 3 102 S. Montpelier Ave (Enter up to three entries) Atia ntic City 27 7 115 S. Sovereign Ave Book Type Book Beginning Page Instrument No. RecordedIFile Date Reference Information (En ter up to three entries) NOT REMOVE THIS PAGE DOCUMENT SUMMARY SHEET (COVER SHEET) i5 PART OF ATLANTIC COUNTY FILING RECORD. RETAIN THIS PAGE FOR FUTURE REFERENCE. Book14423 Page1 0f6 DEED This Deed is made on April 16, 2018, BETWEEN TJM AC Hotel, LLC, a limited liability Company of the State of Florida, whose address is 5801 Ulmerton Road, Suite 200, Cleanrvater, FL 33670-3951, referred to as the Grantor, AND Costas Corporation, a New Jersey corporation, whose address is 4 S. Newport Avenue, Ventnor, NJ 08406, referred to as the Grantee. The words ?Grantor" and ?Grantee? shall mean all Grantors and all Grantees listed above. 1. Transfer of Ownership. The Grantor grants and conveys (transfers ownership of) the property described below to the Grantee. This transfer is made for the sum of One Hundred Fifty Thousand Dollars The Grantor acknowledges receipt of this money. 2. Tax Map Reference. (N.J.S.A. 46:15?11) Municipality: City of Atlantic City, Block No. 27 Lots 3 (tract 1) and 7 (tract 2), Qualifier 3. Property. The property consists of the land and all the buildings and structures on the land in the City of Atlantic City, County of Atlantic and State of New Jersey. The legal description is: Please see attached Legal Description annexed hereto and made a part hereof. (Check box if applicable). BEING the same lands and premises which became vested in TJM AC Hotel, LLC, a limited liability company of the State of Florida, by deed from BPP Providence Acquisition Company, LLC, a Delaware Limited Liability Company, dated May 29, 2014 and recorded June 9, 2014 in the Atlantic County Clerk's Office Deed Book 14337 as Instrument No. 2017062546. Subject to any and all easements and restrictions of record. The street address of the Property is: 115 S. Sovereign Avenue, Atlantic City, NJ 08401 and 102 S. MontpelierAvenue, Atlantic City, NJ 08401 4. Promises by Grantor. The Grantor promises that the Grantor has done no act to encumber the Property. This promise is called a ?covenant as to grantor?s acts? (N.J.S.A. This promise means that the Grantor has not allowed anyone else to obtain any legal rights which affect the Property (such as by making a mortgage or allowing a judgment to be entered against the Grantor). UNT #440 000 THE COMPANY OF JERSEY NEW JERSEY 08225 Prepared by: John Scott Abbott, Esq. B00k14423 Page 2 of 6 5. Signatures. The Grantor signed this Deed as of the date at the top of this page. TJM AC New By: Briwwana?ging Member STATE OF NEW JERSEY, COUNTY OF ATLANTIC, CERTIFY that on April 16, 2018, Brian DeWinne, Managing Member of TJM AC Hotel, LLC, personally came before me and stated to my satisfaction that this person (or if more than one, each person): was the maker of this Deed; was authorized to and did execute this Deed as Managing Member of TJM AC Hotel, LLC the entity named in this deed; and (0) made this Deed for $150 000.00 as the full and actual consideration paid or to be paid for the transfer of title. Such consideration is efined executed this Deed as the act of the entity. Sa?yA. Oshman Notary Public of New Jersey My Commission Expires Dec. 27. 2021 Record and Return To: Book14423 Page 3 of 6 EXHIBIT LEGAL DESCRIPTION All that certain Lot, tract or parcel of land, with the buildings and improvements thereon erected, situate, lying and being in City of Atlantic City County of Atlantic, State of New Jersey, being more particularly described as follows: TRACT #1 BEGINNING at a point in the west line of Montpelier Avenue (60.00 feet wide), 125.00 feet south of the south line of Pacific Avenue (60.00 feet wide) and extending from said Beginning Point; thence (1) South 27 degrees 28 minutes 00 seconds east in and along the west line of Montpelier Avenue, a distance of 50.00 feet to a point; thence (2) South 62 degrees 32 minutes 00 seconds west at right angles to Paci?c Avenue, a distance of 92.00 feet to a point; thence (3) North 27 degrees 28 minutes 00 seconds west parallel with Montpelier Avenue, a distance of 50.00 feet to a point; thence (4) North 62 degrees 32 minutes 00 sedends east parallel with Pacific Avenue, a distance of 92.00 feet to the point and place of BEGINNING. FOR INFORMATION ONLY: BEING KNOWN AS Lot 3 in Block 27 as shown on the tax map of the City of Atlantic City. COMMONLY KNOWN AS 102 S. Montpelier Avenue TRACT #2 BEGINNING at a point in the east line of Sovereign Avenue (width varies), 140.00 feet south of the south line of Paci?c Avenue (60.00 feet wide) and extending from said Beginning Point; thence (1) North 62 degrees 32 minutes 00 seconds east parallel with Paci?c Avenue, a distance of 100.00 feet to a point; thence (2) South 27 degrees 28 minutes 00 seconds east at right angles to Pacific Avenue, a distance of 30.00 feet to a point; thence (3) South 62 degrees 32 minutes 00 seconds west parallel with Paci?c Avenue, a distance of 100.00 feet the east line of Sovereign Avenue; thence (4) North 27 degrees 28 minutes 00 seconds west in and along same, a distance of 30.00 feet to the point and place of BEGINNING. BEING KNOWN AS Lot 7 in Block 27 as shown on the tax map of the City ofAtIantic City. COMMONLY KNOWN AS 115 S. Sovereign Avenue. FOR INFORMATION ONLY: Commonly known as: 115 Sovereign Avenue Atlantic City, NJ 08401 102 MontpelierAvenue Atlantic City, NJ 0840?] Block 27, Lots 7' 3 Book14423 Page 4 of 6 Games 1 ARTHUR W. PONZIO CO. 8: ASSOCIATES, INC. CIVIL ENGINEERS-LAND SURVEYORS-PLANNERS 400 a DOVER AVENUE. ATLANTIC NJ 08401 PHONE: {609} 34443194; FAX: {609) 344-1594 April 19, 2018 METES AND BOUNDS DESCRIPTION ALL that certain lot, 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, bounded and described as follows: BEGINNING at a point in the West line of Montpelier Avenue in the division line between. lots 2 and 3 in block 27, said point being South 27 degrees, 28 minutes, 00 seconds East 125? from the south line of Paci?c Avenue and extending ?om said beginning point; thence 1. South 27 degrees, 28 minutes, 00 seconds East in and along the west line of Montpelier Avenue 50.00? to a point; thence 2. South '62 degrees, 32 minutes, 00 seconds West parallel with Paci?c Avenue 9200? to a point; thence 3. North degrees, 28 minutes, 00 seconds West parallel with Montpelier Avenue 5.00? to a point; thence 4.. South 62 degrees, 32 minutes, 00 seconds West'parallel with Paci?c Avenue 100.00? to the east line of Sovereign Avenue [width varies); thence 5. North 27 degrees, 28 minutes, 00 seconds West in and along same 30.00? to .a point in the south line of lot 8; thence 6. North 62 degrees, 32 minutes, 00 seconds East in and along same, parallel with Paci?c Avenue 100.00? to a point; thence 7. North degrees, 28 minutes, 00 seconds West parallel with Montpelier Avenue 15.00? to a point in the ?rst mentioned division line between lot 2 and 3; thence 8. North 62 degrees, 32 minutes, 00 seconds East in and along same, parallel with Paci?c Avenue 9200? to the point and place of BEGINNING BEING lmown as Block 27, Lots7and gas shown on the of?cial tax map for the City of Atlantic City. CONTAINING an are of '76 0 square feet. . cordance with a property survey prepared by rte, Inc. ted 4/ 18/18, project no 33984 B00k14423 Page 5 of 6 I (9-2015) . . State of New Jersey RESIDENCY CERTIFICATIONIEXEMPTION (Please Print or Type) INFORMATION Name(s) TJM AC Hotel LLC Current Street Address: 5801 Ulmerton Rd Ste 200 City, Town, Post Of?ce Box State Zip Code Clearwater Florida 33760-3951 EOPERTY INFORMATION I Block(s) Lot(s) Quali?Street Address: 115 Sovereign Avenue ?5 102 MONTPELIER AVE City, Town, Post Of?ce State Zip Code Atlantic City New Jersey 08401 Seller's Percentage of Ownership Total Consideration Owner?s Share of Consideration Closing Date 100% $150,000.00 $150,000.00 April 16, 2018 ASSURANCES (Check the Appropriate Box) (Boxes 2 through 14 apply to Residents and Nonresidents) 1. Seller is a resident taxpayer (individual, estate. or trust) of the State of New Jersey pursuant to the New Jersey Gross Income Tax Act, will ?le a resident gross income tax return, and will pay any applicable taxes on any gain or income from the disposition of this property. 2. The real property sold or transferred is used exclusively as a principal residence as de?ned in 26 US. Code section 121. 3. Seller is a mortgagor conveying the mortgaged property to a mortgagee in foreclosure or in a transfer in lieu of foreclosure with no additional consideration. 4. Seller, transferor, or transferee is an agency or authority of the United States of America. an agency or authority of the State of New Jersey. the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, or a private mortgage insurance company. 5. Seller is not an individual, estate, or trust and is not required to make an estimated gross income tax payment. 6. The total consideration for the property is $1,000 or less so the seller is not required to make an estimated income tax payment. 7. DThe gain from the sale is not recognized for federal income tax purposes under 26 US. Code section T21, 1031, or 1033 (CIRCLE THE APPLICABLE SECTION). If the indicated section does not ultimately apply to this transaction. the seller acknowledges the obligation to ?le a New Jersey income tax return for the year of the sale and report the recognized gain. Seller did not receive non-like kind property. 8. The real property is being transferred by an executor or administrator of a decedent to a devisee or heir to effect distribution of the decedent?s estate in accordance with the provisions of the decedent?s will or the intestate laws of this State. 9. DThe real property being sold is subject to a short sale instituted by the mortgagee, whereby the seller agreed not to receive any proceeds from the sale and the mortgagee will receive all proceeds paying off an agreed amount of the mortgage. 10. The deed is dated prior to August 1, 2004. and was not previously recorded. 11. DThe real property is being transferred under a relocation company transaction where a trustee of the relocation company buys the property from the seller and then sells the house to a third party buyer for the same price. 12. The real property is being transferred between spouses or incident to a divorce decree or property settlement agreement under 26 US. Code section 1041. 13. The property transferred is a cemetery plot. 14. The seller is not receiving net proceeds from the sale. Net proceeds from the sale means the net amount due to the seller on the settlement sheet. DECLARATION I The undersigned understands that this declaration and its contents may be disclosed or provided to the New Jersey Division of Taxation and that any false statement contained herein may be punished by ?ne. imprisonment, or both. I furthermore declare that I have examined this declaration and, to the best of my knowledge and belief, it is true. correct and complete. By i 9 this box CI cart that a Power ofAttorney to represent the seller(s) has been previously recorded or is being recorded simultaneously with the to which 4s att hed. Date a 7 Signature Seller) Please I icate if Power of Attorney or Attorney in Fact Date Signature (Seller) Please indicate if Power of Attorney or Attorney in Fact Book14423 Page 6 of 6