THIS INSTRUMENT PREPARED BY AND RETURN TO: Darrell D. Garvey, Esquire Lowndes, Drosdick, Doster, Kantor & Reed, P.A. 450 South Orange Avenue, Suite 800 Orlando, Florida 32801 Borrower Name: MB Margate Lakewood I, L.L.C. Project: Lakewood Mall,...Assumption and Ratification of Mortgage and Security Agreement • February 2nd, 2006 • Inland American Real Estate Trust, Inc. • Real estate investment trusts • Florida
THIS IS AN ASSUMPTION AND RATIFICATION OF THAT CERTAIN MORTGAGE AND SECURITY AGREEMENT BY LAKEWOOD ASSOCIATES, LTD., A FLORIDA LIMITED PARTNERSHIP (“LAKEWOOD ASSOCIATES”) TO AND IN FAVOR OF NATIONWIDE LIFE INSURANCE COMPANY, AN OHIO CORPORATION DATED MARCH 2, 2004 AND RECORDED MARCH 4, 2004, IN OFFICIAL RECORDS BOOK 37010, PAGE 340 OF THE PUBLIC RECORDS OF BROWARD COUNTY, FLORIDA AND WHICH SECURES THE NOTE EXECUTED BY LAKEWOOD ASSOCIATES, IN THE ORIGINAL PRINCIPAL AMOUNT OF TWELVE MILLION ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($12,100,000.00) TO AND IN FAVOR OF LENDER AND DATED MARCH 2, 2004 (THE “RENEWAL NOTE”).
