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STATE OF FLORIDA
COUNTY OF DADE '
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MIGUEL RECAREY, JR. , and ~ ~~/t~~~/ , being
first duly sworn, each for himself, deposes and says:
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That they are the President and Secretary, respectively of
BEACH CLUB DEVELOPMENT CORP., the corporation which made, executed
and delivered that cert 'n deed to Hutchinson Island Club, Inc.,
dated the day of , 197J; conveying the following :
described propert-y, to-wit: `
t
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See Exhibit A attached hereto and made a i
part hereof.
That they make this affidavit for and on behalf of said
corporation pursuant to a resolution of its Board of Directors;
That the aforesaid deed is intended to be and is an absolute
conveyance of the title to said premises to the grantee named
therein, and was not and is not now intended as a mortgage, trust
conveyance, or security of any kind; that it was the intention of
said corpcifation as grantor in said deed and by said deed said
corporation did convey to the grantee therein all of its right,
title and interest absolutely in and to said premises- that pos-
session of said premises has been surrendered to the grantee;
That the aforesaid deed was not given as a preference against
any other creditors of the deponent; that ~at the time it was given
there was no other person or persons, firms or corporations, other
than the grantee therein named interested, either directly or in-
directly in said premises; that the deponent is solvent and has no
other creditors whose rights would be prejudiced by such conveyance,
and that deponent is not obligated upon any bond or other mortgage
whereby any lien has been created or exists against the premises
described in said deed, other than a purchase money mortgage given
~ by grantor to Beach Club Colony of Stuart, Inc., and a claim for
mechanics' lien, both of which have been satisfied;
That in the execution and delivery of said deed said corpora-
tion was not acting under any misapprehension as to the effect
thereof, and acted freely and voluntarily, and was not acting under
coercion or duress; that the consideration for said deed was and is
~ payment to said corpora~ion of the sum of $.~D~a by the parent
entity of grantee and the full cancellation of all debts, obligations,
costs and charges secured by that certain mortgage heretofore existing
on said property, executed by ~ C~,.,.~.
to .R(f ~Q dated the Z day of
197' ~ nd recorded in Book ~Z 6 of Official Records,
Page , County, ~o,,~.ga and the release of record
of said mortgage; that 3t the time of making said deed said corpora-
tion believed, and affiants as officers of said corporation, believed
and now believe that the afaresaid consideration therefor represents
the fair value of the prope~ty so deeded;
This affidavit and estoppel certificate is made for the pro-
tection and benefi~ of the grantee in said deed, his successors and
assigns, and all other parties hereafter dealing with or who may
acquire an interest in the property herein described;
That affiants, and each of them, will testify, declare,_depose,
or certify before any competent tribunal, officer, or person, in any
case now pending or which may hereafter be instituted to the truth
of the particular facts hereinabove set forth;
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