Atlantic ATLANTIC. comm, HJ Document Summary Sheet EDWARD COUNTY CLERK RCPT 1448736 REED av Robin REC FEE can $3,080.90u.an Return Name and Address RTF $63,775.00 REED 12.7137/2518 39:26:29 Surety Title Company, LLC INST i?r" 2018136121327 UDL 145353 ATLANTIC COUNTY CLERK 1555 Zion Road 5901 MAIN ST Northfield, NJ 08225 MAYS LANDING, NJ 08330 Official Use Only Submitting Company Surety Title Company, LLC Document Date (mm/dd/WW) 12/6/2018 Document Type Deed No. of Pages of the Original Signed Document 11 (Including the cover sheet) Consideration Amount (if applicable) Last Nam First Name Middle Initial Su ix . Name(s) (or Name as written) ff Address (Op trona!) First Party Plaza Hotel Management Company 5800 SW 97th Street (Grantor or Mortgagor or Miami, FL 33156-2060 Assign or) (Enter up to ?ve names) Name (5) Last Name First Name Middle Imtrq15uffix) Address Op tiona I) (or Company Name as written) Second Party IEP AC Plaza LLC 767 Fifth Avenue, 47th Floor {Gran tee or Mortgagee or New York, NY 10022 Assignee) (Enter up to ?ve names) Municipality Block Lot Qualifier Property Address Parcel Information City of Atlantic City 39 2 2234, 2301 Pacific {Enter up to three entries) CIW 0f Atlantic City 39 7 Avenue City of Atlantic City 163 42 Atlantic City, NJ 08401 Book Type Book Beginning Page Instrument No. Recorded/File Date Reference Information (Enter up to three entries) - NOT REMOVE THIS DOCUMENT SUMMARY SHEET (COVER SHEET) IS PART OF ATLANTIC COUNTY FILING RECORD, RETAIN THIS PAGE FOR FUTURE REFERENCE. Book14530 Page 1 of 11 62 M: Record 8: Return to Surety Title 1555 Zlon Road m; North?eld. NJ 08225 Prepared .. 4 Robin F. Lewis, Esq. DEED gm, THIS DEED is made as of the 6 day of 2018, BETWEEN PLAZA HOTEL MANAGEMENT COMPANY, a New Jersey partnership, having an address at c/o Stanoff Corporation, 5800 SW 97th Street, Miami, Florida 33156-2060, referred to as GRANTOR, AND IEP AC PLAZA LLC, a New Jersey limited liability company, having an address at 767 Fifth Avenue, 47th Floor, New York, New York 10022, referred to as GRANTEE. The words ?Grantor" and "Grantee" shall mean all Grantors and all Grantees listed above. Transfer of Ownership. The Grantor grants and conveys (transfers ownership of) the real property described below to the Grantee. This transfer is made for the sum of Three Million and 00/100 Dollars and other good and valuable consideration. The Grantor acknowledges receipt of this money. Tax Map Reference. (N .J SA. 46: 1 5-2.1) Municipality of Atlantic City, Block 39, Lots 2 and 7, and Block 163, Lot 42. Property. The prOperty consists of the land and all the buildings and structures on the land in the State of New Jersey. The legal description is: See Exhibit A description attached hereto and made a part hereof. Together with all of Grantor?s right, title and interest in and to all buildings and improvements erected thereon, and all tenements, hereditaments and appurtenances thereto. This conveyance is made subject to current real property taxes, zoning and other governmental restrictions, and all covenants, conditions, restrictions, easements, rights-of?way and other matters of record, and such state of facts as an accurate survey would reveal. Being the same premises conveyed to Grantor by the following instruments: PARCELS A B: A. Deed dated April 1, 1980 and recorded April 21, 1980 in Deed Book 3465, Page 86. 153 1374 Plaza Hotel Deed Book14530 Page 2 of 11 B. Deed dated January 4, 1980 and recorded January 10, 1980 in Deed Book 3434, Page 326. C. Deed dated July 10, 1979 and recorded July 20, 1979 in Deed Book 3369, Page 186 and which was corrected by Deed dated June 24, 1980 and recorded July 15, 1980 in Deed Book 3491, Page 256. D. Deed from General Casino Corporation dated June 26, 1980 and recorded July 15, 1980 in Deed Book 3491, Page 261. E. Deed from Joseph Bozzi, Jr., Executor of the Estate of Frank Bozzi, dated June 26, 1980 and recorded July 10, 1980 in Deed Book 3490, Page 112. PARCELS C. E: A. Vacation Ordinance #17 of 1982 adopted March 11, 1982 by The Board of Commissioners of City of Atlantic City and recorded July 13, 1982 in Deed Book 3700, Page 341. Ordinance #36 of 1982 adopted December 10, 1982 by the City of Atlantic City and unrecorded, amends the land description in Ordinance #17 of 1982, which description pertains to the easement for construction and maintenance of supporting columns. B. Deed from City of Atlantic City dated May 3, 1982 and recorded May 7, 1982 in Deed Book 3685, Page 128 evidencing vacation of a portion of the air rights above easterly half of Mississippi Avenue; said Deed erroneously designates the nature of Plaza as a ?joint venture" and contains errors in the description. C. Corrective Deed from City of Atlantic City dated May 3, 1982 and corrected June 28, 1982 and recorded July 13, 1982 in Deed Book 3701, Page 1, which corrects the designation of the nature of Plaza as a "partnership of New Jersey" and corrects the description. D. Deed from City of Atlantic City dated May 3, 1982 and recorded May 7, 1982 in Deed Book 3685, Page 105 conveying a portion of the air rights above the westerly half of Mississippi Avenue; said deed erroneously designates the nature of Plaza as a "joint venture." E. Corrective Deed from City of Atlantic City dated May 3, 1982 and corrected June 29, 1982 and recorded July 13, 1982 in Deed Book 3701, Page 13, which corrects the designation of the nature of Plaza as "a partnership of New Jersey,? and corrects conditions in Deed Book 3685, Page 105. F. Easement from City of Atlantic City dated June 1, 1982 and recorded June 8, 1982 in Deed Book 3693, Page 56 for supporting columns (for an elevated structure) on and above the westerly half of Mississippi Avenue; said easement omits the state of which Plaza is a partnership and contains errors in the description. G. Corrective Easement from City of Atlantic City dated June 1, 1982 and corrected June 29, 1982 and recorded July 13, 1982 in Deed Book 3701, Page 25 which corrects the omission and the description in Deed Book 3693, Page 56. H. Ordinance #68 of 1983 adopted November 9, 1983 by the City of Atlantic City grants authority and permission to construct and maintain bridges and to create a private right-of?way 1531374 Plaza Hotel Deed Book14530 Page 3 of 11 Type of Deed.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. 46:4- 6). 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). Signatures. This Deed is signed and attested to by the Grantor's proper authorized signatory as of the date at the top of the ?rst page. 6%an Ymrg. 3&1ch STATEOF do?? ss COUNTY or m, ?Mt CERTIFY that on the Ego day of GRANTOR: PLAZA HOTEL MANAGEMENT COMPANY, a New Jersey partnership iw?x Jam-n56 Ti . Authorized Signatory l_ ?3 vein? 2.018, JASON HAIM came before me and acknowledged under oath, to my satiSraction that: he is named in and personally signed this Deed; signed, sealed and delivered this Deed as the authorized act and deed of Plaza Hotel Management Company, a New Jersey partnership; and {c3 made this Deed for 53 3,000,000.00 as the full and actual consideration paid or to be paid for the transfer of title. (such consideration is de?ned in RECORD RETURN TO: Levine, Staller, Sklar, Chan 3: Brown PA 3030 Atlantic Avenue Atlantic City, New Jersey 08401 Attention: Michael Sklar, Esq. 1531374 Plaza Hotel Deed Book14530 Netary Paulie gm?1% Evelyn Langlieb Greer ,s?wats 26 2023 Bowed Notary Page 4 of11 EXHIBIT LEGAL DESCRIPTION File No: 79898NF-01 ALL THAT CERTAIN tract or parcel of land and premises lying, being and situate in City of Atlantic City, Atlantic County, and State of New Jersey being more particularly described as follows: PARCEL (A): BEGINNING AT THE INTERSECTION OF THE SOUTHERLY LINE OF PACIFIC AVENUE (60 FEET WIDE) AND THE EASTERLY LINE OF MISSISSIPPI AVENUE (50 FEET WIDE) AND EXTENDING THENCE 1. NORTH 62 DEGREES 32 MINUTES IN AND ALONG THE SOUTHERLY LINE OFPACIFIC AVENUE 114 FEET THENCE 2. SOUTH 27 DEGREES 28 MINUTES EAST PARALLEL WITH MISSISSIPPI AVENUE 129.17 FEET THENCE 3. SOUTH 62 DEGREES 32 MINUTES WEST PARALLEL WITH PACIFIC AVENUE 18.1 FEET THENCE 4. SOUTH 27 DEGREES 28 MINUTES EAST PARALLEL WITH MISSISSIPPI AVENUE 47.83 FEET THENCE 5. NORTH 62 DEGREES 32 MINUTES EAST PARALLEL WITH PACIFIC AVENUE 54.1 FEET TO THE WESTERLY LINE OF COLUMBIA PLACE, (50 FEET THENCE 6. SOUTH 27 DEGREES 26 MINUTES EAST IN AND ALONG THE WESTERLY LINE OF COLUMBIA PLACE, 97.5 FEET THENCE 7. SOUTH 62 DEGREES 32 MINUTES WEST PARALLEL WITH PACIFIC AVENUE 74.59 FEET THENCE 8. SOUTH 19 DEGREES 35 MINUTES EAST 2.63 FEET TO A POINT DISTANT 75.05 FEET EASTWARDLY FROM THE EASTERLY LINE OF MISSISSIPPI AVENUE THENCE 9. SOUTH 62 DEGREES 32 MINUTES WEST PARALLEL TO PACIFIC AVENUE 75.05 FEET TO THE EASTERLY LINE OF MISSISSIPPI AVENUE THENCE 10. NORTH 27 DEGREES 28 MINUTES WEST IN AND ALONG THE EASTERLY LINE OF MISSISSIPPI AVENUE 277.1 FEET TO THE POINT AND PLACE OF BEGINNING. FOR INFORMATIONAL PURPOSES ONLY: BEING premises No. 2234 Pacific Avenue. BEING Block: 39, Lot: 2 PARCEL (B): BEGINNING AT THE POINT OF INTERSECTION OF THE WESTERLY LINE OF MISSISSIPPI This page is only a part of a 2016 ALTA Commitment for Title insurance. This Commitment is not valid without the Notice; the Commitment to issue Policy; the Commitment Conditions; Schedule Schedule B, Part Requirements; and Schedule B, Part ll - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Commitment for Title Insurance Adopted 08?01-2016 Technical Corrections 04-02-201 8 NEW JERSEY LAND TITLE NJRB 3-09 INSURANCE RATING BUREAU Last Revised: 711MB Book14530 Page 5 of 11 AVENUE (50 FEET WIDE) AND THE NORTHERLY LINE OF PACIFIC AVENUE (60 FEET AND EXTENDING THENCE 1. SOUTH 62 DEGREES 32 MINUTES WEST IN AND ALONG THE NORTHERLY LINE OF PACIFIC AVENUE 60 FEET TO A THENCE 2. NORTH 27 DEGREES 28 MINUTES WEST PARALLEL WITH MISSISSIPPI AVENUE 80 FEET TO A THENCE 3. SOUTH 62 DEGREES 32 MINUTES WEST PARALLEL WITH PACIFIC AVENUE 40 FEET TO A THENCE 4. NORTH 27 DEGREES 28 MINUTES WEST PARALLEL WITH MISSISSIPPI AVENUE 70 FEET TO A THENCE 5. NORTH 62 DEGREES 32 MINUTES EAST PARALLEL WITH PACIFIC AVENUE 100 FEET TO THE WESTERLY LINE OF MISSISSIPPI AVENUE THENCE 6. SOUTH 27 DEGREES 28 MINUTES EAST IN AND ALONG THE WESTERLY LINE OF MISSISSIPPI AVENUE 150 FEET TO THE POINT AND PLACE OF BEGINNING. FOR INFORMATIONAL PURPOSES ONLY: BEING premises No. 2301 Paci?c Avenue. BEING Block: 163, Lot: 42 PARCEL (C): PORTION OF AIR RIGHTS ABOVE EASTERLY HALF OF MISSISSIPPI AVENUE BEGINNING AT THE SOUTHEASTERLY CORNER OF PACIFIC AVENUE (60 FEET WIDE) AND MISSISSIPPI AVENUE (50 FEET WIDE), AND EXTENDING THENCE 1. SOUTH 27 DEGREES 28 MINUTES EAST, IN AND ALONG THE EASTERLY LINE OF MISSISSIPPI AVENUE, 277.10'; THENCE 2. SOUTH 62 DEGREES 32 MINUTES WEST, PARALLEL WITH PACIFIC AVENUE, 25' TO THE CENTERLINE OF MISSISSIPPI THENCE 3. NORTH 27 DEGREES 28 MINUTES WEST, ALONG THE CENTERLINE OF MISSISSIPPI AVENUE, 277.10' TO THE SOUTHERLY LINE OF PACIFIC THENCE 4. NORTH 62 DEGREES 32 MINUTES EAST, IN AND ALONG THE SOUTHERLY LINE OF PACIFIC AVENUE 25' TO THE POINT AND PLACE OF BEGINNING. PARCEL (D): PORTION OF AIR RIGHTS ABOVE WESTERLY HALF OF MISSISSIPPI AVENUE BEGINNING AT THE SOUTHWESTERLY CORNER OF PACIFIC AVENUE (60 FEET WIDE) AND MISSISSIPPI AVENUE (50 FEET WIDE), AND EXTENDING THENCE 1. NORTH 62 DEGREES 32 MINUTES EAST, IN AND ALONG THE SOUTHERLY LINE OF PACIFIC AVENUE, 25' TO THE CENTERLINE OF MISSISSIPPI THENCE 2. SOUTH 27 DEGREES 28 MINUTES EAST, IN AND ALONG THE CENTERLINE OF MISSISSIPPI This page is only a part of a 2016 ALTA Commitment for Titie insurance. This Commitment is not valid without the Notice; the Commitment to issue Poiicy; the Commitment Conditions; Scheduie Scheduie B, Part - Requirements; and Schedule B, Part ii Exceptions; and a counter-signature by the Company or its issuing agent that may be in eiectronic form. Commitment for Title Insurance Adopted 08-01?2016 Technical Corrections 04?02-201 8 NEW JERSEY LAND TITLE NJRB 3?09 INSURANCE RATING BUREAU Last Revised: 7/1/18 Book14530 Page 6 of 11 AVENUE, 277.10'; THENCE 3. SOUTH 62 DEGREES 32 MINUTES WEST, PARALLEL WITH PACIFIC AVENUE, 25' TO THE WESTERLY LINE OF MISSISSIPPI THENCE 4. NORTH 27 DEGREES 28 MINUTES WEST, IN AND ALONG THE WESTERLY LINE OF MISSISSIPPI AVENUE, 277.10' TO THE POINT AND PLACE OF BEGINNING. BEING IN AN AREA ABOVE THE HORIZONTAL PLANE OF MISSISSIPPI AVENUE BETWEEN ELEVATION 30.00 FEET AND ELEVATION 70.00 FEET SAID ELEVATIONS IN REFERENCE TO U.S.C AND G.S.DATUM (ELEVATION SEA LEVEL). TOGETHER WITH AN EASEMENT IN PERPETUITY FOR THE CONSTRUCTION AND MAINTENANCE OF SUPPORTING COLUMNS (FORAN ELEVATED STRUCTURE) ON AND OVER THE FOLLOWING DESCRIBED LANDS LOCATED WITHIN THE EXTENDED PERPENDICULAR PLANES OF THE ABOVE DESCRIBED AIR RIGHTS: BEGINNING AT THE SOUTHWESTERLY CORNER OF PACIFIC AVENUE (60 FEET WIDE) AND MISSISSIPPI AVENUE (50 FEET WIDE) AND EXTENDING THENCE 1. NORTH 62 DEGREES 32 MINUTES EAST, IN AND ALONG THE SOUTHERLY LINE OF PACIFIC AVENUE, 15.00 THENCE 2. SOUTH 27 DEGREES 28 MINUTES EAST, PARALLEL WITH MISSISSIPPI AVENUE, 277.10 THENCE 3. SOUTH 62 DEGREES 32 MINUTES WEST, PARALLEL WITH PACIFIC AVENUE, 8.00 THENCE 4. NORTH 27 DEGREES 28 MINUTES WEST, PARALLEL WITH MISSISSIPPI AVENUE, 257.10 THENCE 5. SOUTH 62 DEGREES 32 MINUTES WEST, PARALLEL WITH PACIFIC AVENUE, 7.00 FEET TO THE WESTERLY LINE OF MISSISSIPPI THENCE 6. NORTH 27 DEGREES 28 MINUTES WEST, IN AND ALONG THE WESTERLY LINE OF MISSISSIPPI AVENUE, 20.00 FEET TO THE POINT AND PLACE OF BEGINNING. PARCEL (E): PACIFIC AVENUE SKYWAY CONNECTION BEGINNING AT A POINT IN THE NORTHERLY LINE OF PACIFIC AVENUE (60 FEET WIDE), DISTANT 35.60 FEET EASTWARDLY FROM THE EASTERLY LINE OF MISSISSIPPI AVENUE (50 FEET AND EXTENDING THENCE 1. NORTH 62 DEGREES 32 MINUTES EAST, IN AND ALONG THE NORTHERLY LINE OF PACIFIC AVENUE, 30.00 THENCE 2. SOUTH 27 DEGREES 28 MINUTES EAST, CROSSING PACIFIC AVENUE AND PARALLEL WITH MISSISSIPPI AVENUE, 60.00 FEET TO THE SOUTHERLY LINE OF PACIFIC THENCE 3. SOUTH 62 DEGREES 32 MINUTES WEST, IN AND ALONG THE SOUTHERLY LINE OF PACIFIC AVENUE, 30.00 THENCE 4. NORTH 27 MINUTES WEST, CROSSING PACIFIC WITH MISSISSIPPI AVENUE, 60.00 FEET TO THE NORTHERLY LINE OF PACIFIC AVENUE AND THE This page is only a part of a 2016 ALTA Commitment for Titie Insurance. This Commitment is not vaiio' without the Notice; the Commitment to issue Policy; the Commitment Conditions; Scheduie Scheduie B, Part i - Requirements; and Scheduie B, Part it - Exceptions; and a counter-signature by the Company or its issuing agent that may be in eiectronic form. Commitment for Title Insurance Adopted 08-01-2016 Technical Corrections 04-02?2018 NEW JERSEY LAND TITLE NJRB 3-09 INSURANCE RATING BUREAU Last Revised: 7/1118 Book14530 Page 7 of 11 POINT AND PLACE OF BEGINNING. BETWEEN ELEVATION 30.00 FEET AND ELEVATION 0F 60.00 FEET ELEVATIONS ARE IN REFERENCE TO U.S.C. AND G.S. DATUM (ELEVATION SEA LEVEL). FOR INFORMATIONAL PURPOSES ONLY: BEING Air Rights Pacific Avenue. BEING Block: 39, Lot: 7 This page is oniy a part of a 2016 ALTA Commitment for Titie insurance. This Commitment is not vaiid without the Notice; the Commitment to issue Policy; the Commitment Conditions; Scheduie Scheduie B, Part i - Requirements; and Schedule B, Part ii - Exceptions; and a counter?signature by the Company or its issuing agent that may be in eiectronic form. Commitment for Title Insurance Adopted 08-01?201 6 Technical Corrections 04-02-2018 NEW JERSEY LAND TITLE NJRB 3-09 INSURANCE RATING BUREAU Last Revised: 711/18 Book14530 Page 8 of 11 (9-153 State of New Jersey Qeller?n {Resiliency Germination/Exemption {Please Print or Type) Name(s) PLAZA HOTEL MANAGEMENT Current Street Address Clo Stanoff Corporation, 5800 SW 97th Street City, Town, Post Of?ce Box Miami State FL Zip Code 331 56 PROPERTY Blocks) 39 and 163 Lot{s) 2, 7 and 42 Qualifier Street Address ,2 J. 3 {a Ala-?MuJ-r 2,30! (Deaf; ?an/yak City, Town, Post Of?ce Box Atlantic City State NJ Zip Code 08401 Seller?s Percentage of Ownership 100 Total Consideration $3,000,000.00 Owner?s Share of Consideration Closing Date (91/ 9 ASSURANCES (Check the Appropriate Box) (Boxes 2 through 14 apply to Residents and Non-residents): 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. El The real property being sold or transferred is used exclusively as a principal residence as de?ned in 26 U.S. Code section 1?21. 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. El Seller. transfer-or or transferee is an agency or authority of the United States of America. an agency or authority of the State of New Jersey, the Fedora] National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Gorermnent National Mortgage Association, or a. private mortgage insurance company. Seller is not an individual, estate, or trust and is not required to make an estimated gross income tax pawn?Cant. The total considers-sen for $1i0000r1es so the. seller is not. reached make an. estimated. .. . .. 71.. DUE The gain from the sale is not recognised for federal income tax purposes under 26 US. Code section 721, 1031. or 1033 (CIRCLE THE APPLICABLE SECTION). If Ihe indicated section does not ultimatel3r apply to this transaction, the seller aclmowledges the obligation to ?le a New ersey income tax return for the year of the sale and report :he recognized gain. El 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 ricvisee 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. The real property being sold is subject to a short sale instituted by the mortgagee, whereby the seller has 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 El The deed is dated prior to Augusr 1, 2004, and was no; previously recorded. 11. The real property is being transferred under a relocation company transaction where a trustee of the relocation camper-3,r 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 l4. The seller is no: receiving net proceeds from the sale. Net proceeds from the sale means the net amount due to the seller on :he settlement. sheet. DECLARATION: The undersigned understands that this declaration and its contents may be disclosed or provided to the New Jersegzr 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 checking this box I certify that. a Power of Attorney to represent the selleris) has been previously recorded or is being recorded simultaneously with the deed to which this form is attached- ti 9 am ken/5 Date Signatmk (38118?) Please indicate if Power of Attorney or Attorney Fart IM- Jason Haim, Authorized Signatory Date II I Signature (Seller) Please 1nd1c? ate if Power of Attorney or Attorney in Fahtww .. 164?? Seller's Residency Certi?cation/Exemption 9?0? Printed by ALL-STATE 13-3 .. A Division of ALLSTATE International, Inc. Rev. 9,15 P7116 t-iCj wwaslegalcom 300.222.0510 Page 1 Book14530 Page 9 of 11 MUST SUBMIT DUPLICATE Printed by 1401645 - Affidavit of Consideration 800.222.0510 Page 1 (Rev. 7:14.110) Pin? STATE OF NEW JERSEY AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER (Chapter 49, PL. :1968, as amended through Chapter 33, PL. 2005) (N.J.S.A. 46:15-5 et seq.) BEFORE COMPLETING THIS AFFIDAVIT, PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM. STATE or SSE. County Municipal Code FOR USE ONLY Consideration 3 COUNTY ow Deva" RTF paid by seller Municipality of Property Location: Atlantic City Date By Use symbol to indicate that fee is exclusively for county use. (1) PARTY QR LEGAL REPRESENTATIVE (Instructions 3 and attached) Deponent, Jason Haim being duly sworn according to law upon hisxher oath, deposes {Name} . and says that he?she is the Authorized Signatory of Grantor in a deed dated 9 (Glamor, Legal Representative. Corporate amt-er. Of?cer of Title Ca. Lending Institution, etc.) I transferring real property identi?ed as Block Nolocated at Atlantig gity, New Jersey and annexed thereto. (Street address, Town) (2) CONSIDERATION: $3,000,000.00 (Instructions 1 and 5 El no prior mortgage to which property is subject. (3) Property transferred is Class 43 4C. prroperty mansion-ed is Class 4A, calculation in Section 3A below is required. circle one) (3A) REQUIRED CALCULATION of Equalized Valuation for all Class 4A (Commercial) Property Transactions: (Instructions 5A and Total Assessed Valuation Director?s Ratio Equalized Assessed Valuation $2,210,000.00 -2- 110.98 2,210,000.00 If Director?s Ratio is less than 100%, the equalized valuation will be an amount greater than the assessed value. If Director?s Ratio is equal to or in excess of 100%, the assessed value will be equal to the equalized valuation. (4) (Instruction 8] Deponent states that this deed transaction is fully exempt from the Realty Transfer Fee imposed by C. 49, P.L. 1968, as amended through C. 66, PL. 2004, for the following reason(s). Mere reference to the exemption symbol is insuf?cient. Explain in detail. (5) .9) NOTE: All boxes below apply to grantor?s) only. ALL BOXES IN APPROPRIATE CATEGORY MUST BE CHECKED. Failure to do so will void claim for partial exemption. Deponent claims that this deed transaction is exempt from the State?s portion of the Basic, Supplemental and General Purpose Fees, as applicable, imposed by C. 176, PL. 1975; C. 113, PL. 2004 and C. 66, PL. 2004 for the following reason(s}: A. SENIOR CITIZEN (Instruction .9) El Grantoris) 62 years of age oriover* Resident of the State of New Jersey Owned and occupied by grantor(s) at time of sale Owners as joint tenants must all qualify One? or two?family residential premises B. BLIND PERSON (Instruction .9) DISABLED PERSON (Instruction .9) Grantor(s) legally blind* Grantor(s) permanently and totally disabled" Owned and occupied by grantorfs) at time of sale I:l Grantor(s) receiving disability payments" One- or two-fam?y residential premises Grantor(s not gainfully employed" Resident of the State of New Jersey Owned and occupied by grantor(s) at time of sale Owners as joint tenants must all qualify One- or two-family residential premises [3 Resident of: the State of New Jersey . NEED QUALIFY IF rename BY THE ENTIRETY. Owners as jomt tenants must all qualify C. LOW AND MODERATE INCOME HOUSING (Instruction .9) [3 Affordable according to HUD standards Reserved for occupancy Meets income requirements of region El Subject to resale controls (5) (Instructions 2, 10 and 12) Entirely new improvement Not previously occupied Not previously used for any purpose ?New Construction? printed clearly at top of the ?rst page of the deed (prior mortgage assumed or to which property is subject at time of sale No contributions to capital by either grantor or grantee legal entity El No stock or money exchanged by or between grantor or grantee legal entities (8) Deponent makes this A?davit to induce the County Clerk or Register of Deeds to record the deed and accept the fee submitted herewith in accordance with the proWPL. 1968, as amended through Chapter 33, PL. 2006. Subscribed and sworn to before me Plaza Hotel Manauement Company this 43 7 day L) Signature of Deponent Grantor Name of lay/mew ,20 5300 sw 97th Street 5300 sw 97th Street mun. FL 33156 Miami. FL 33156 i Deponent Address Grantor Address at of Sale i .L ,5}inng COL: . . Last 3 digits in Grantor?s Soc. Sec. No. of Settlement Of?cer - ..- f?a OOMMISSIOH 100273049 )f FOR OFFICIAL use ONLY Immune Instrument Number County o. - . or Use Deed Number Book Page by - when onmmo: Deed Dated Date Record? State of New Jersey Division of Taxation, PO. Box 251, Trenton, NJ 08595-0251, Attention: Realty Transfer Fee Unit The Director of the Dixdsion of Taxation in the Department of the Treasury has prescribed this form as required bylaw, and it may not be altered or amended without the prior approval of the Director. For information on the Realty Transfer Fee or to print a copy of this Af?davit, Visit, the Division of Taxation website Book14530 Page 10 of 11 RTF-1EE (Rev. 12:09) STATE OF NEW JERSEY MUST SUBMIT IN DUPLICATE AFFIDAVIT OF CONSIDERATION FOR USE BY BUYER . (Chapter 49, P.L.1968, as amended through Chapter 33, P.L. 2006) (N.J.S.A. 46:15-5 et seq.) PLEASE READ THE INSTRUCTIONS ON THE REVERSE SIDE OF THIS FORM BEFORE COMPLETING THIS AFFIDAVIT STATE OF NEW JERSEY FOR USE ONLY 35. County Municipal Code . pal uyer COUNTY Atlantic 0102 Date By MUNICIPALITY OF PROPERTY LOCATION Gig of Atlantic City (1) PARTY OR LEGAL REPRESENTATIVE (See Instructions #3 and #4 on reverse side) Last three digits in grantee?s Social Security Number Deponent, Susan L. Hacker . being duly sworn according to law upon hislher oath, (Name) deposes and says that helshe is the Of?cer of Title Company in a deed dated December 6 2018 transferring (Grantee. Legal Representative, Corporate Offic r, Officer of Title Company, Lending Institution, etc.) . . 1 an 26:3 as ?a fr real property identi?ed as Block number as Lot number 2 a 7 _located at 2234 Paci?c Avenue. Atlantic Citv. NJ. 08401 and annexed thereto. (Street Address, Town) (2) CONSIDERATION $3,000.000.00 (See Instructions #5 and #11 on reverse side) Entire consideration is in excess of $1,000,000: PROPERTY CLASSIFICATION CHECKED 0R CIRCLED BELOW IS TAKEN FROM OFFICIAL ASSESSMENT LIST (A PUBLIC RECORD) OF MUNICIPALITY WHERE THE REAL PROPERTY IS LOCATED IN THE YEAR OF TRANSFER. REFER TO N.J.A.C. 18:12-21 ET SEQ. (A) Grantee required to remit the 1% fee, complete (A) by checkin off appropriate box or boxes below. Class 2 Residential Class 4A - Commercial properties Class 3A - Farm property (Regular) and any other real (if checked, calculation in (E) required below) property transferred to same grantee in conjunction El Cooperative unit (four families or less) (See C. with transfer of Class 3A property Cooperative units are Class 40. (B) Grantee is gm required to remit 1% fee (one or more of following classes being conveyed), complete (B) by checking off appropriate box or boxes below. Property class. Circle applicable class or classes: 1 BB 48 4C 15 Property classes: 1-Vacant Land;33- Farm property (Qualified);4B- Industrial properties;4C- Apartments;15: Public Property, etc. (N.J.A.C. 13:12-22 et seq.) Exempt organization determined by federal Internal Revenue Service/Internal Revenue Code of 1986, 26 U.S.C. s. 501. Incidental to corporate merger or acquisition; equalized assessed valuation less than 20% of total value of all assets exchanged in merger or acquisition. If checked, calculation in (E) required and MUST ATTACH COMPLETED RTF-4. (C) When grantee transfers properties involving block(s) and Iot(s) of two or more classes in one deed, one or more subject to the 1% fee (A), with one or more than one not subject to the 1% fee (B), pursuant to N.J.S.A. 46:15-72, complete (C) by checking off appropriate box or boxes and (D). Preperty class. Circle applicable class or classes(D) EQUALIZED VALUE CALCULATION FOR ALL PROPERTIES CONVEYED, WHETHER THE 1% FEE APPLIES OR DOES NOT APPLY Total Assessed Valuation Director's Ratio Equalized Valuation Property Class WI 52.210, mayProperty Class Property Class Property Class (E) REQUIRED EQUALIZED VALUE CALCULATION FOR ALL CLASS 4A (COMMERCIAL) PROPERTY TRANSACTIONS: (See Instructions #6 and #7 on reverse side) Total Assessed Valuation Director's Ratio Equalized Value 5 If Director?s Ratio is less than 100%, the equalized valuation will be an amount greater than the assessed valuation. If Director?s Ratio is equal to or exceeds 100%, the assessed valuation will be equal to the equalized value. (3) TOTAL EXEMPTIQN FROM FEE (See Instruction #8 on reverse side) Deponent states that this deed transaction is fully exempt from the Realty Transfer Fee imposed by C. 49, P.L. 1968, as amended through Chapter 33, P.L. 2006, for the following reason(s). Mere reference to exemption symbol is insuf?cient. Explain in detail. (4) Deponent makes Af?davit of Consideration for Use by Buyer to induce county clerk or register of deeds to record the deed and accept the fee submitted herewith pursuant to the provisions of hapt #49, P.L.1968, as amended through Chapter 33. P.L. 2006. 2" Subscribed and sworn to before me IEP AC PLAZA LLC . Signature Deponent Grantee Name of .20 Seam 7&7 W: Mar/mar- 9?7 74 a Zia)"; [?47 AWL Mm; (Amt; .15 90'? De pnent?Addres ,1 Grantee A?ddress at Time 0 a Wigwam mamas/@5501 9? Susan L. Hack rlSuret Title om an LLC NamelCompany of Settlement Officer SHERRYGEUMMINGS Notary Public. State of New Jersey My Commission Expires October 19. 2019 unty recording officers: forward one copy of each RTF-1EE to: STATE OF NJ - DIVISION OF TAXATION FOR USE ONLY Instrument Number County PO BOX 251 Deed Number Book Page NJ 086950251 Deed Dated Date Recorded ATTENTION: REALTY TRANSFER FEE UNIT The Director, Division of Taxation, Department of the Treasury has prescribed this form, as required by law. it may not be altered or amended without prior approval of the Director. For further information on the Realty Transfer Fee or to print a copy of this Af?davit or any other relevant forms, visit: Book14530 Page 11 of 11