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WHEREAS, as an express condition precedent to the
execution and delivery of the proposed documents that have the
effect of re-instating two certain mortgages in favor of and
held by Bankers (herein referred to as the "Lakeview Mortgage"
and "Oceanview Mortgage" and collectively the "Mortgages")
secu-ring a promissory note (the "Note") that is now in default,
first party has required, as an express condition precedent to .
re-instatement of the Note, second parties and each and every
one of them to (i) confirm and acknowledge that the recitals
~ set forth in the proposed documents are accurate and complete
~ and (ii) expressly consent to the execution and delivery
thereof by the stated parties as consistent with all agreements
` heretofore made with second parties or any of them with
f~ reference to the sale and transfer of the Lakeview Property and
Oceanview Property, the modifications of the Mortgages and
Note, now in default, and the re-instatement of the Note and
second parties are willing to so confirm and acknowledge
herein; and
WHEREAS, the Bankruptcy Court, in connection with the
proceedings more particularly identified in the proposed _
documents has heretofore or simultaneously herewith approved
the execution of the proposed documents and joins in this -
instrument for the purpose of confirming same; and
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• BO~K~~~G Y!I[~~~•~C7
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MtRShON, SAWY [R, JOHNSTON. 01lNWOOr 6 GOLE,1600 fOUTN[AST ~I"~T NATIONAL /ANK lUILOING, MIAM1, Il0"IOA »I~~
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