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of any conflict with the rest oF the document 2019032500949004003EAE62
RECORDING AND ENDORSEMENT COVER PAGE, PAGE 1 OF 7|
Document ID: 2019032500949004 Document Date: 03-22-2019 Preparation Date: 03-25-2019
Document Type: PARTIAL RELEASE OF MORTGAGE
Document Page Count: 6
PRESENTER: RETURN TO:
CHICAGO TITLE INSURANCE CO. (PICK-UP) IGREENLAND USA
711 THIRD AVE, STH FLOOR ATTN JOSHUA I. COHEN ESQ
CTI8-00141-K CB ONE METROTECH CENTER
INEW YORK, NY 10017 BROOKLYN, NY 11201
212-880-1200
CTINYRECORDING@CTT.COM
PROPERTY DATA
Borough Block Lot Unit Address
IBROOKLYN 18 4 Entire Lot NIA ATLANTIC AVENUE
Property Type: COMMERCIAL REAL ESTATE
Borough Block Lot Unit Address
BROOKLYN N87 Enlre Lot N/A ATLANTIC AVENUE
Property Type: COMMERCIAL REAL ESTATE
‘CROSS REFERENCE DATA
]CRFN: 2012000194738
PARTIES
PARTY ONE: PARTY TWO:
JBROOKLYN ARENA INFRASTRUCTURE AND, |AYDC REGIONAL DEVELOPMENT COMPANY LLC
TRANSPORTATION 1 1] METROTECH CENTER
99 HUDSON STREET ISTH FLOOR BROOKLYN, NY 11201-3875
NEW YORK, NY 10013
FEES AND TAXES
Mortgage : Filing Fee
Morgue Amount s 000 8 000
fraxable Mortgage Amount |S 1,00] NYC Real Property Tana Tax
Exemption ‘ 000
TAXES: County (Basic): S$ 0,00 NYS Real Estate Transfer Tax:
Gity (Additional) s 0.00 $ 0.00
Spec (Additional):| $ 0,00 RECORDED OR FILED IN THE OFFICE
TASE $ 000 sre, OF THE CITY REGISTER OF THE
MIA s 9.90 CITY OF NEW YORK
va 7 ed Recorded Filed 4-01-2019 14:18
Additional MRT: |S. 2.00) City Register File No.(CRFN):
TOTAL [Ss 000 019000103373
Recording Fes $ Too
Affidavit Fee s 0.00
City Register Official
ignaturecriti ll ER
RELEASE OF MORTGAGED PREMISES
BROOKLYN ARENA INFRASTRUCTURE AND TRANSPORTATION
IMPROVEMENT FUND, LLC,
as Mortgage,
to
AYDC REGIONAL DEVELOPMENT COMPANY, LLC,
as Mortgagor,
Premises:
Atlantic Avenue,
Brooklyn, New York
A leasehold estate
At Development Parcel B-4, Brooklyn, New York
Kings County
Block: 1118
Lot: 4 and part of Lot: 7
f/k/a Block: 1119
Lot: 7
Retum after recording to:
Greenland USA.
One MetroTech Center
Brooklyn, New York 11201
| ‘Attn: Joshua J. Cohen, Esq.THIS RELEASE OF MORTGAGED PREMISES (this “Release”) is made as of
March 22, 2019, by BROOKLYN ARENA INFRASTRUCTURE AND
TRANSPORTATION IMPROVEMENT FUND, LLC, a New York limited liability
company, having an office at 99 Hudson Street, 15® Floor, New York, New York 10013, as
lender and mortgagee (“Mortgagee”) to AYDC REGIONAL DEVELOPMENT COMPANY,
LLC, a Delaware limited liability company, having an address 1 Metrotech Center, Brooklyn,
New York 11201-3875, as mortgagor (“Mortgagor”).
WHEREAS, Mortgagee made a loan to Mortgagor pursuant to that certain Loan
Agreement, dated as of October 5, 2010 between Mortgagor, as borrower and Mortgage, as
lender, as amended by that certain Amendment to Loan Agreement, dated as of May 27, 2011 (as
amended, the “Loan Agreement”);
WHEREAS, Mortgage is the holder of that certain Leasehold Mortgage, Security
Agreement and Fixture Filing, dated as of April 23, 2012, which is more particularly described
on Schedule A attached hereto (the “Mortgage”), granting to Mortgage, inter alia, a lien on the
Mortgagor’s leasehold estate in the real property and improvements described in the Mortgage;
and
WHEREAS, the Mortgagee, at the request of the Mortgagor, has agreed to give up,
release and surrender the real property described in Exhibit A attached hereto (together with any
fixtures and improvements thereon, collectively, the “Property”)..
NOW THEREFORE, Mortgage, in pursuance of said agreement, and in consideration
of Ten and 00/100 Dollars ($10.00), lawful money of the United States of America, paid by the
Mortgagor, and other good and valuable consideration paid, the receipt and adequacy of which is
hereby acknowledged, does hereby grant, release and quitclaim unto the Mortgagor the Property,
TOGETHER WITH, all right, title and interest, if any, of the Mortgagee in and to the
streets and roads abutting the Property to the center lines thereof.
TO HAVE AND TO HOLD the lands and premises hereby released and quitclaimed to
the Mortgagor, and to the heirs, successors and assigns of the Mortgagor forever, free, clear and
discharged of and from all lien and claim under and by virtue of said Mortgage aforesaid.
FURTHER, Mortgagee hereby consents and agrees that the Mortgage is released of
record and of no further force and effect.
It being fully understood that, notwithstanding anything contained herein to the contrary,
portion of the Debt (as defined in the Loan Agreement) in the principal sum of $60,322,442.00,
is released, and the remainder of the outstanding portion of the Debt as of the date hereof shall
not be deemed to be released, pursuant to this Release.
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