SETTLEMENT AGREEMENTSettlement Agreement • August 15th, 2011 • BFC Financial Corp • Savings institution, federally chartered • Florida
THIS SETTLEMENT AGREEMENT (“Agreement”) is entered into this 25th day of April, 2011 (the “Effective Date”), by and among AmT CADC Venture, LLC, f/k/a AmTrust CADC Venture LLC (the “Lender”), successor-in-interest to Federal Deposit Insurance Corporation as Receiver for AmTrust Bank (“AmTrust Bank”), Woodbridge Holdings, LLC, successor by merger to Levitt Corporation (“Borrower”), and Carolina Oak Homes, LLC successor to Levitt and Sons of Jasper County, LLC (“Guarantor” or “Mortgagor”) (Borrower and Guarantor collectively “Obligors”), agree as follows:
