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					                           City of Margate, Florida
                ERRORS AND OMISSIONS / COMPLIANCE STATEMENT

    NOTE HOLDER:                        City of Margate, Florida
                                                                                                 Francis J. Porcella
    OWNER(S):                           Owner
                                                                                              Assistant City Manager
    PROPERTY ADDRESS:                   ADDRESS
                                                                                               Yolanda A. Rodriguez
    CLOSING DATE:                       ____________________________

        In order to induce the City of Margate as the Note Holder to close the above loan transaction and
in consideration thereof, the undersigned Owner(s):
       The undersigned, in consideration of the Note Holder disbursing loan proceeds on the
aforementioned Property, agree, if requested by City or its legal counsel on behalf of the City, to fully
cooperate in adjusting for clerical errors and/or omissions, any and all loan closing documentation
deemed necessary or desirable, in the reasonable discretion of the City of Margate.
         The undersigned Owner(s) and does hereby agree and covenant as aforesaid in order to assure
that the loan documentation executed this date will conform and be acceptable in the market place in the
instance of transfer, sale or conveyance by the City of its interest in and to said loan documentation.
OWNER(S):


____________________________________                                                            Eugene M. Steinfeld
OWNER


____________________________________
OWNER

STATE OF FLORIDA                )
                                ) ss:
COUNTY OF BROWARD               )

       The foregoing instrument was acknowledged before me this ______ day of
__________________________, 2011 by OWNER(S) who is personally known to me or produced
                                                                                  Leslie Wallace May
_________________________________ as identification, and who has executed this instrument
and have done so knowingly, voluntarily and for the purposes expressed therein.



                                                    ___________________________________
                                                    NOTARY PUBLIC
                                                    State of Florida at Large

My Commission Expires:
                           City of Margate, Florida
                                ANTI-COERCION STATEMENT

        NOTE HOLDER:                City of Margate, Florida
                                                                                                  Francis J. Porcella
        OWNER(S):                   OWNER(S)
                                                                                               Assistant City Manager
        PROPERTY ADDRESS:           ADDRESS                                                     Yolanda A. Rodriguez

        CLOSING DATE:               ____________________________

        This statement is made as required under Rule 4-3.02 of the Rules and Regulations of the
Insurance Commission Regarding Anti-Coercion.

      To secure the Note, Owner has executed, among other documents, a Mortgage and Security
Agreement related to the above mentioned Property in favor of the City of Margate.

        The insurance laws of Florida provide that the Note Holder may not require the Owner(s) to
obtain insurance from any particular agent or company to protect the Property. Subject to the rules
adopted by the Insurance Commissioner, the Owner(s) has the right to place insurance on such property
with insurance agents or companies of its choice. The City may, however, prescribe reasonable
requirements regarding the type of insurance company providing coverage, the adequacy of such
coverage and the financial structure and stability of the insurance agency or company providing such
coverage.                                                                                    Eugene M. Steinfeld

         Owner(s) has read the foregoing statement of the rules of the Insurance Commissioner in regard
thereto and understands its rights and privileges and those of the Note Holder concerning the placement of
insurance on the Property.

        Owner(s) has selected ________________________________ (the “Insurance Company”) to
provide liability and casualty insurance on the Property.

        Signed on this _____ day of __________________________, 2011.

                                                OWNER(S):

                                                                                                  Leslie Wallace May
                                                ___________________________________
                                                OWNER



                                                ___________________________________
                                                OWNER

				
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posted:6/2/2011
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