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NHEREAS, 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")
securing 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
i heretofore made with second parties or any of them with
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reference to the sale and transfer of the Lakeview Property and .
Oceanview Property, the modifications of tihe 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
WBEREAS, 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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MERSNON, EAM/YER, JOMNSTON, OVNWOOY i GOLE, Id00 SONINEAEt /IRST NATIONAL DANK oU1lO1Nd, MIAMI, /LORIOA »I~I
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