U.S. v. Arnold

Full title: UNITED STATES OF AMERICA, Plaintiff, v. WILLARD M. ARNOLD; DOROTHY N…

Court: United States District Court, M.D. Florida, Ocala Division

Date published: Aug 15, 2001

CASE NO. 5:99-cv-161-OC-21GRJ (M.D. Fla. Aug. 15, 2001)

Opinion

CASE NO. 5:99-cv-161-OC-21GRJ

August 15, 2001

ORDER

RALPH W. NIMMONS, JR. United States District Judge.

This cause comes before the Court on Plaintiffs Motion for Order of Foreclosure and Sale Against Defendant The Arnold Group, Inc. (Dkt. 67-2), Plaintiffs Motion for Order of Foreclosure and Sale Against Defendant DBA Marketing, Inc. (Dkt. 70-2), Plaintiffs Motion for Order of Foreclosure and Sale Against Defendant Nahama Limited Co. (Dkt. 73-2), Plaintiffs Motion for Default Judgment Against DBA Marketing, Inc. (Supplement) (Dkt. 91), Plaintiffs Motion for Order of Foreclosure and Sale Against Defendant R.B. Associates, Inc. as Nominee or Alter Ego of Robert B. Arnold (Dkt. 94-2), Plaintiffs Motion for Order of Foreclosure and Sale Against Defendant Multi-Housing of Florida, Inc. as Nominee or Alter Ego of Robert B. Arnold and/or DBA Marketing, Inc. (Dkt. 96-2), Plaintiffs Motion for Order of Foreclosure and Sale Against Defendants Willard M. Arnold and Dorothy M. Arnold (Dkt. 109-3), Receiver's Motion for an Order for Leave to Proceed with Private Sales of Defendants' Real Property Assets Pursuant to 28 U.S.C. § 2001 (Dkt. 103), Plaintiffs Motion for Summary Judgment Dismissing Intervenor-Defendant James Riesenberg's Counterclaim Against Plaintiff (Dkt. 212), Intervenor's response to Plaintiffs Motion for Summary Judgment and Motion for Summary Judgment (Dkt. 221), Receiver's Reply (Dkt. 242) to Intervenor's response, Plaintiffs response (Dkt. 240) to Intervenor's Motion for Summary Judgment, and Plaintiffs Motion to Dismiss Defendant Regency Savings Bank, F.S.B. and Defendant Barnett Bank of Marion County, N.A. (Dkt. 239).

I. Motion to Dismiss Defendants Regency Savings Bank, F.S.B. and Barnett Bank of Marion County, N.A.

Barnett Bank of Marion County, N.A. ("Barnett Bank") was originally named as a defendant in this suit by virtue of promissory notes, mortgages and other interests it held against properties subject to federal tax liens and against which the government seeks foreclosure. In September, 1999, Barnett assigned its interest to Regency Savings Bank, F.S.B. ("Regency"), and Regency was added as a party defendant to this suit by order entered April 20, 2000, (Dkt. 101). On March 30, 2001, the Court granted (Dkt. 184) the Receiver's and Plaintiffs Joint Motion for Order Authorizing Disbursement of Funds and Satisfaction of Mortgage (Dkt. 181).

Plaintiff asserts in the instant motion that the Receiver has satisfied in full Regency's interests. Since Barnett Bank and Regency no longer have an interest in property the subject of this action, Plaintiff argues that the two Defendants should be dismissed from this action. Upon review of the motion and record, the Court finds Plaintiffs motion is due to be granted.

II. Cross-motions for Summary Judgment

The United States moves for summary judgment on Intervenor's Counterclaim (Dkt. 154) based on lack of subject matter jurisdiction and for failure to state a cause of action. Accordingly, Plaintiff seeks dismissal of the Intervenor as a party to this action.

Intervenor's Counterclaim (Dkt. 154) is for enforcement of a real estate purchase contract and recognition of equitable interests in real property. Intervenor alleges that he entered into a contract with Nahama, Ltd. and DBA Marketing, Inc. to purchase twenty-nine parcels of real property — all of which are the subject of the instant lawsuit. Intervenor further alleges that the contract was negotiated at arm's length and for a fair market price. He asserts that the government has benefitted from the appraisals and surveys which were obtained and paid for by Intervenor. In conclusion, Intervenor seeks an order from this Court which allows Intervenor to purchase the twenty-nine properties pursuant to his contract or an equitable award compensating Intervenor for all costs incurred in assessing, appraising, and reviewing the subject twenty-nine parcels.

Intervenor asks this Court to do something which is beyond its authority. Intervenor's Counterclaim essentially asks the Court to force the IRS to discharge the tax liens in order to satisfy a condition precedent to the performance of a contract to which the United States is not a party. The Intervenor has failed to cite a single case or statute tending to show that such a cause of action exits.

Whether the IRS discharges tax liens is purely up to the discretion of the Secretary of the Treasury. See United States v. Williams, 514 U.S. 527, 537 (1995) (stating that discharge pursuant to [26 U.S.C.] § 6325(b)(3) is available only at the government's discretion). Moreover, there is no waiver of the government's sovereign immunity which would allow Intervenor to challenge the denial of a 26 U.S.C. § 6325 (b)(3) discharge of tax liens. Cf. E.J. Freidman Co. v. United States, 6 F.3d 1355, 1359 (9th Cir. 1993) (holding that denial by the Secretary of the Treasury of a § 6352(b) discharge of tax liens was a discretionary act not subject to court review under the Administrative Procedures Act, 5 U.S.C. § 701, et seq.).

Even if the Court did have jurisdiction to enforce the purchase contract, the contract itself (Dkt. 154, Ex.A) contains multiple provisions which defeat Intervenor's claims:

Closing Date: Within 10 days after an agreement with the Internal Revenue Service ("IRS") has been achieved which will allow discharge of the Federal Tax Lien from the Property at closing. . . . (Page 1, unnumbered paragraph).

* * *

The costs and expenses of such appraisals shall be borne and paid for solely by Purchaser. (¶ 1.6).

* * *

Due Diligence Period. Purchaser, at Purchaser's sole cost and expense, shall make its various inspections of the Property, review of the books and records concerning the Property and seek its approvals within the Due Diligence Period. (¶ 2.1).

* * *

Survey. . . . Purchaser shall obtain at Purchaser's option and expense an updated survey of the Property. (¶ 2.5).

* * *

The Tax Lien. It shall be Purchaser's responsibility to seek and obtain a Certificate of Discharge or other release of the Property from the federal tax lien or liens which presently encumber the Property (collectively, the "Tax Lien"). Purchaser, at Purchaser's sole cost and expense, shall use commercially reasonable efforts to obtain an agreement from the IRS which will enable the Property to be released from the Tax Lien by payment of some part or all of the net proceeds of Closing which would otherwise be payable to Seller. Seller shall be obligated to accept such agreement with the IRS so long as the Seller is not required to pay any monies not generated from the Closing of this transaction. By his execution hereof, Purchaser acknowledges and agrees that Seller has disclosed the existence of the Tax Lien and Purchaser recognizes that there is no assurance that the IRS will enter into any agreement as contemplated by this Section 2.8 or allow a discharge or release of the Tax Lien. Seller agrees to cooperate with Purchaser in its efforts under this Section 2.8, subject to the terms and conditions hereof, provided, however, that such cooperation shall be on a reasonable basis and at no additional cost or expense to Seller. (¶ 2.8).

Purchaser's Conditions Precedent. Purchaser's obligations hereunder are subject to the satisfaction of the following conditions precedent and the compliance by Seller with the following covenants:

. . . (b) Purchaser shall have been able to obtain an agreement with the IRS allowing for the discharge and release of the Property from the Tax Lien at Closing in accordance with the basic terms and the provisions of Section 2.8 hereinabove. (¶ 4.1.(b)).

By the terms of the contract itself, the Intervenor understood that the decision whether to discharge the tax liens was discretionary and "that there is no assurance that the IRS will enter into any agreement . . . or allow a discharge or release of the Tax Lien." Contract at ¶ 2.8. Since the contract itself is between the Intervenor, as purchaser, and Nahama Limited and DBA Marketing, Inc., as sellers, the Court would analyze the contract, see that the discharge of the tax lien was an unsatisfied condition precedent to the execution of the contract, and thus deny the enforcement of the sale.

Turning to Intervenor's equitable claims for reimbursement of his costs connected with attempting to obtain the discharge of the tax liens, the contract itself provides that Intervenor, as purchaser, is solely liable for such amounts. Moreover, there is no reason in equity — or otherwise — to lay the burden of paying such costs on the government, even if the Court had the jurisdiction to do so. Intervenor entered into the purchase contract with open eyes. He made a business decision to risk the costs associated with preparing a request for the discharge of the tax lien, knowing that the deal was not a "sure thing." Intervenor took a business risk and lost; it is not the government's burden to insure that loss.

Based on the foregoing, the Court determines that Plaintiffs Motion for Summary Judgment (Dkt. 212) is due to be granted, and Intervenor's Motion for Summary Judgment (Dkt. 221) is due to be denied.

III. Motions for Foreclosure

Defendants Willard M. Arnold and Dorothy N. Arnold are jointly and severally indebted to the Plaintiff for unpaid federal income tax liabilities for the years 1981, 1982, and 1983 in the total amount of $47,805,173.50 as of February 28, 2000, plus statutory interest and additions thereon as allowed by law. Defendant Willard M. Arnold is individually indebted for unpaid federal income tax liabilities for the year 1980 in the total amount of $2,466,125.21 as of February 28, 2000, plus interest and statutory additions thereon as allowed by law. Defendants The Arnold Group, Inc. and DBA Marketing, Inc are jointly and severally indebted to Plaintiff for unpaid federal transferee taxes for the year 1983 and for corporate income taxes for the period ending April 30, 1984, in the amount of $18,222,567.77 as of September 30, 1999, plus further interest and statutory additions thereon as provided by law. Defendant Nahama Limited Company is indebted to Plaintiff for unpaid federal transferee taxes for the years 1980 through 1984 in the amount of $55,077,763.62 as of September 30, 1999, plus further interest and statutory additions thereon as provided by law. Defendant R.B. And Associates is indebted to Plaintiff for unpaid federal income and transferee taxes for the years 1981-1983 in the amount of $7,152,413.51 as of January 31, 2000, plus further interest and statutory additions thereon as provided by law. Defendant Multi-Housing of Florida, Inc. is indebted to Plaintiff for unpaid federal income and transferee taxes for the years 1981-1983 and the period ending April 30, 1984 in the amount of $25,872,520.84 as of January 31, 2000, plus further interest and statutory additions thereon as provided by law.

Upon assessment of the above tax liabilities of the Defendants, federal tax liens arose against the property and rights to property of the Defendants. Plaintiff seeks foreclosure of Defendants' properties listed in Exhibit A to the Amended Complaint, with the exception of Property No. 21.¹

1 After filing the instant suit, Plaintiff learned that Property No. 21, the "Evergreen Residence" (at 1723 S.E. 56th Ct. and 5636 S.E. 17th Street, Ocala, Marion County, Florida: Lots 1, 2 and 3, Block "B", Evergreen, according to the plat thereof as recorded in Plat Book "S", Page 94, Public Records of Marion County, Florida), had been sold before the government filed its tax liens against the subject properties. Plaintiff, therefore, has not pursued foreclosure against this property.

Plaintiffs motion is due to be granted. However, Properties No. 1 and 2 have already been sold, See Dkts. 184 237; therefore the Court will exclude these properties — as well as Property 21 — from the foreclosure order. The legal descriptions of the foreclosed properties will be attached to this order as Appendix A. For ease of reference, the Court has maintained the numbering of the properties established in Exhibit A to Plaintiffs Amended Complaint, and for that reason there are no properties in Appendix A numbered 1, 2, or 21.

IV. Receiver's Motion for Private Sale of Property

In his motion, Receiver requests an order allowing the private sale of the receivership property in lieu of a public auction. Receiver's reasons are that a private sale or sales will maximize recovery to the receivership estate and ultimately to Plaintiff and other creditors; private sales will better enable the Receiver to locate qualified buyers and negotiate sales for fair market prices given the locales of the various properties; and a sale at public auction would likely bring "fire sale" prices which would not be in the best interests of the Plaintiff or other creditors.

In support of his motion, the Receiver has submitted the affidavit (Dkt. 173) of Robert G. Beaumont, Jr., a professional appraiser. Beaumont is a member of the Appraisal Institute, a state certified general real estate appraiser, and a licensed real estate broker. In his affidavit, Beaumont opines that the market tends to severely discount a property being sold at public auction, and the Receivership would probably receive a higher sales price if the properties were sold at one or more private sales.

A private sale of realty sold under an order or decree of the Court may be had only after a hearing, after notice to all interested parties. 28 U.S.C. § 2001 (b). Accordingly, the Court has scheduled a hearing for Wednesday, August 20, 2001, to determine whether the foreclosed properties should be sold via public auction or via private sale. Thus, the Court will defer Receiver's motion at this time. A ruling on the motion will be made in due course.

Upon consideration of the foregoing, it is ORDERED:

1. Plaintiffs Motion to Dismiss Defendant Regency Savings Bank, F.S.B. and Defendant Barnett Bank of Marion County, N.A. (Dkt. 239) is GRANTED. Regency Savings Bank, F.S.B. and Barnett Bank of Marion County, N.A. are DISMISSED as defendants in this action inasmuch as the named defendants no longer have a lien upon or claim an interest in property the subject of this action.

2. Plaintiffs Motion for Summary Judgment Dismissing Intervenor-Defendant James Riesenberg's Counterclaim Against Plaintiff (Dkt. 212) is GRANTED. The Clerk is DIRECTED to enter judgment for Plaintiff and against Intervenor James Riesenberg with regard to Intervenor's Counterclaim (Dkt. 154).

3. Intervenor's Motion for Summary Judgment (Dkt. 221) is DENIED.

4. Plaintiffs Motions for Order of Foreclosure and Sale (Dkts. 67-2, 70-2, 73-2, 94-2, 96-2, 109-3) and Plaintiffs Motion for Default Judgment Against DBA Marketing, Inc. (Supplement) (Dkt. 91) are GRANTED. The tax liens of the United States against the real property listed and described in Appendix A to this Order are hereby FORECLOSED.

5. Receiver's Motion for an Order for Leave to Proceed with Private Sales of Defendants' Real Property Assets Pursuant to 28 U.S.C. § 2001 (Dkt. 103) is DEFERRED.

APPENDIX A PROPERTY NO. 3: "MD RTE. 291 AND HIGH STREET EXTENDED"

Real Property titled to DBA MARKETING, INC., consisting of land situated in Kent County, Maryland, described as follows:

All that piece or parcel of land, situate, lying and being on the northeast corner of the intersection of Maryland Route 291 and High Street Extended, Chestertown, Kent County, Maryland, and containing 3.276 acres of land, more or less.

PROPERTY NO. 4: "RADCLIFF INDUSTRIAL PARK (MARSHLAND)"

Real Property titled to DBA MARKETING, INC., consisting of marshland situated in Kent County, Maryland, described as follows:

All that piece or parcel of land referred to as marshland, situate, lying and being westerly of Lots No. 9 and 10 on the Plat identified as Subdivision Plat of Section Two, Radcliff Industrial Park by McCrone, dated June 30, 1986, and recorded among the Plat Records for Kent County, Maryland in Plat Book E.H.P. No. 2, folio 225, containing 24.852 acres of land, more or less.

PROPERTY NO. 5: "RADCLIEF INDUSTRIAL PARK (UNIMPROVED LAND)"

Real Property titled to DBA MARKETING, INC., consisting of unimproved land situated in Kent County, Maryland, described as follows:

All that piece or parcel of land situate, lying and being northerly of Lot No. 8 and Lot No. 9 heretofore referred to and westerly of the Railroad right-of-way containing 53.4 acres of land, more or less, and being all of the remaining lands of Murtaugh Corporation.

PROPERTY NO. 6: "PORTAGE COUNTY, OHIO"

Real Property titled to DBA MARKETING, INC., consisting of three (3) parcels of farmland situated in Portage County, Ohio, described as follows:

PARCEL NO. ONE:

Situated in Lot 37 of Hiram Township, County of Portage, State of Ohio and further described as follows: Beginning at an iron pipe located at the Southwest corner of Lot 37 in said township; thence North 1° 50' 00" East along the West line of said Lot 37 a distance of 2748.48 feet to a point in the center of State Route 82 known as Twinsburg-Warren Road and passing over an iron pipe 60.00 feet from the center of said road; thence South 89° 45' 00" East along the center line of S.R. 82 a distance of 499.40 feet to a point; thence South 1° 50' 00" West and passing over an iron pipe 60.00 feet from the center of the road a distance 2319.00 feet to an iron pipe; thence South 13° 22' 12" West a distance of 446.94 feet to an iron pipe on the South line of Lot 37; thence North 88° 55' 00" West along the South line of said Lot 37 a distance of 409.86 feet to the place of beginning and containing 29.944 acres of land as surveyed by LeRoy M. Satrom, Registered Surveyor No. 4226.

PARCEL NO. TWO:

Known as being the east one-half of Original Township Lot No. 38, more particularly described as follows: Beginning at the northeast corner of said Lot No. 38; thence south along the east line of said Lot, 41.43 chains (2734.38 feet) to the southeast corner of said lot; thence west along the south line of said lot, 38.40 chains (2534.40 feet) to the middle of the north and south center road (being known as S.H. 514 — S.R. 700); thence north along the middle of said highway 41.02 chains (2707.32 feet) to the north line of said lot; thence east along the north line of said Lot, 38.50 chains (2541.00 feet) to the place of beginning, containing according to the Treasurer's Tax Duplicate 159.00 acres.

EXCEPTING THEREFROM THE FOLLOWING PREMISES:

Situated in the Township of Hiram, County of Portage and State of Ohio; and known as being a part of Lot No. 38, Township, County and State aforesaid and more particularly described as follows: Beginning at a stake in the South line of said Lot No. 38, midway between the Southeast corner of said lot, and the Southwest corner of said lot, and at the Southeast conre of land owned by Martha Terry; thence North along the East line of said Terry land, 11 chains 20 links (739.2 feet); thence East 76 links (50.16 feet); thence South 25° West 5 chains 46 links (360.36 feet); thence South 8° 55' West 5 chains 8 links (335.28 feet); to South line of said lot No. 38; thence West on lot line 22 links (14.52 feet) to the place of beginning and containing 0.65 acres of land. Being the same premises conveyed to Martha Terry in Vol. 177, Page 140, Portage County Records of Deeds.

And leaving to be conveyed 158.41 acres according to the Auditor's Tax Duplicate.

PARCEL NO. THREE (described on original deed as "Parcel No. 5"):

Situated in the Township of Hiram, County of Portage and State of Ohio; and being a tract of land in Lot No. 33 in Hiram Township, bounded and described as follows: Beginning at the point where C.H. 254 and S.R. 700 intersect in the South line of said lot; thence N. 0° 4' W. along S.R. 700 a distance of 1310.56 feet to a point; thence S. 89° 29' E. a distance of 1603.26 feet to an iron pipe and passing over an iron pipe set 30 feet from the last-mentioned road; thence S. 0° 7' E. a distance of 391.90 feet to an iron pipe; thence N. 78° 32' E. a distance of 992.08 feet to an iron pipe on the westerly line of lot 34; thence S. 1° 0' W. along the easterly side of lot 33 and the westerly side of Lot 34, a distance of 1106.65 feet to a point in S.R. 82 and passing over an iron pipe set 30 feet from the centerline of said S.R. 82; thence along said S.R. 82 N. 89° 52' W. a distance of 2555.45 feet to the place of beginning, containing 70.227 acres of land, but subject to all legal highways easements of record.

EXCEPTING THE FOLLOWING DESCRIBED PREMISES:

Situated in the Township of Hiram, County of Portage and State of Ohio; and known as being known as being part of Lot 33 in Hiram Township and more fully described as follows: Beginning at the intersection of S.R. 700 (aka S.H. 514) and the South line of Lot 33 in Hiram Township, said lot easterly also being the centerline of S.R. 82 (aka S.H. 474) prior to the relocating of said S.R. 82; thence N. 0° 13' B. along the centerline of S.R. 700, 1310.56 feet to a point; thence S. 89° 10' E. 60.80 feet to the centerline of R/W of relocated S.R. 82; thence along the centerline of S.R. 82 on an arc of a 3° 15' curve to the left, said arc having a chord whose bearing is S. 50° 11' 18" B. and length of 2047.46 feet; thence along the centerline of a 250.00 foot spiral cure whose chord bearing of S. 88° 23' 45" E. and a chord length of 249.94 feet; thence S. 89° 45' W. along the south line of Lot 33, 1888.38 feet to the place of beginning and containing 15.199 acres as surveyed by R. A. Weinkauf, R.S. 3589. Leaving to be conveyed by this deed 55.03 acres of land more or less.

PROPERTY NO. 7: "WINSTED WAREHOUSE"

Real Property titled to MURTAUGH CORPORATION, a predecessor in interest by merger to DBA MARKETING, INC. consisting of the following parcel and a commercial warehouse situated at 157 Colebrook River Road, Winsted, Connecticut, described more particularly in Exhibit A to the Warranty Deed between Baltimore Business Forms, Inc. and Murtaugh Corporation, recorded in Vol. 171, Page 81 of the Public Records of the Town of Winchester, County of Litchfleld, Connecticut.

PROPERTY NO. 8: "ORANGE COUNTY APARTMENTS"

Real Property titled to DBA MARKETING, INC., consisting of twelve (12) separate parcels situated in Orange County, Florida, described as follows:

1) Parcel 34-22-29-1036-02-010, and

2) Parcel 34-22-29-1036-02-040, consisting of thirty two (32) rental apartment units, Lakeview Apartments, 2026-2040 Orange Center Blvd., Orlando, Florida.

3) Parcel 34-22-29-1036-07-070, consisting of six (6) rental apartment units, Savoy ApartmentS, 2016 Orange Center Blvd., Orlando, Florida.

4) Parcel 34-22-29-1036-02-080, consisting of twenty four (24) rental apartment units, Bunche Manor, 800 S. Tampa Ave., Orlando, Florida.

5) Parcel 33-22-29-0000-00-046, consisting of fifty eight (58) rental apartment units, Nichols Apartments, 541 S. Cottage Hill Rd., Orlando, Florida.

6) Parcel 33-22-29-0000-00-099, consisting of thirty eight (38) rental apartment units, Orange Square Apartments, 2919 Orange Center Blvd, Orlando, Florida.

7) Parcel 33-22-29-6212-03-001, and

8) Parcel 33-22-29-6212-03-002, consisting of sixty four (64) rental apartment units, Orange Manor, 2205 Orange Center Blvd., Orlando, Florida.

9) Parcel 34-22-29-1036-01-010, and

10) Parcel 34-22-29-1036-01-060, consisting of forty eight (48) rental apartment units, Colonial Manor, 2100 Orange Center Blvd., Orlando, Florida.

11) Parcel 20-22-29-0000-00-004, consisting of seventy two (72) rental apartment units, Bordeaux Apartments I, 1750 Mercy Drive, Orlando, Florida.

12) Parcel 20-22-29-0833-00-010, consisting of twelve (12) rental apartment units, Bordeaux Apartments II, 1770 Mercy Drive, Orlando, Florida.

All of which are more particularly described as follows:

SCHEDULE A-1

ALL THAT CERTAIN LAND situate in Orange County, Florida, viz:

All of Block C, ORANGE CENTER MANOR, according to the Plat thereof as recorded in Plat Book Y, Page 66 of the Public Records of Orange County, Florida.

SCHEDULE A-2

ALL THAT CERTAIN LAND situate, lying and being in Orange County, Florida, to wit:

The West 170 feet of the East 340 feet of the South 472.5 feet (less the North 30 feet and the South 40 feet thereof) of the following described property: Beginning at the Northwest corner of the Southwest 1/4 of the Northeast 1/4 of Section 33, Township 22 South, Range 29 East, run East 20 chains, thence South 15.25 chains, thence West 20 chains, thence North 15.25 chains to the point of beginning, Orange County, Florida.

SCHEDULE A-3

Begin 9 chains East and 16.5 chains South of the Quarter Section Post on the North line of Section 33, Township 22 South, Range 29 East, run South 3.30 chains; East 11.5 chains; North 3.15 chains; West 11.5 chains, less that part East of road, AND the South 15 feet lying West of Vineland Road of the following described property: Beginning 9 chains East and 3.45 chains South of the Quarter Section Post of the North Boundary of Section 33, Township 22 South, Range 29 East; thence run South 13.05 chains; thence run East 11.50 chains; thence North 13.91 chains; thence West 11.53 chains to the Point of Beginning; Orange County, Florida.

Also described as:

That part of Section 33, Township 22 South, Range 29 East, Orange County, Florida, being more particularly described as follows:

Begin at the Southwest corner of LAKE SUNSET SHORES, as recorded in Plat Book S, Page 97 of the Public Records of Orange County, Florida; thence run N. 89° 12'00" .E along the South Right-of-Way line of Long Street, (a 60' R/W) for a distance of 518.02 feet to the Westerly Right-of-Way line of Magruder Avenue as shown on State of Florida Department of Transportation Right-of-Way Map Section No. 75190-2505, Sheet 9, last revised 6/75 and a point on a curve concave Southeasterly having a radius of 1462.69 feet; thence Southerly along the arc of said curve and along said Westerly Right-of-Way line through a central angle of 01° 00' 20" for a distance of 25.67 feet, said curve having a chord bearing of S. 00° 23' 59".E; thence S.00° 54' 09". E along said Westerly Right-of-Way line for a distance of 192.35 feet to the Westerly edge of existing pavement; thence run S. 44° 12' 11". W along said Westerly edge of existing pavement for a distance of 7.06 feet to the Northerly Right-of-Way line of Carter Street as shown on said State of Florida Department of Transportation Right-of-Way Map; thence run S. 89° 18' 31". W along said Northerly Right-of-Way line for a distance of 516.33 feet; thence run N. 00° 00' 37". E for a distance of 222.06 feet to the Point of Beginning.

Containing 2.654 acres (115,607 square feet) more or less and being subject to any rights-of-way and easements of record.

SCHEDULE A-4

ALL THAT CERTAIN LAND situate, lying and being in Orange County, Florida, to wit:

All of that piece or parcel of land being the North 1/2 of the S 1/2 of the North 1/2 of the Northwest of the Northeast of Section 20, Township 22 South, Range 29 East, Orange County, Florida, LESS AND EXCEPT Right of Way for Mercy Drive.

ALSO DESCRIBED AS:

Beginning at the Northeast corner of the North 1/2 of the South 1/2 of the North 1/2 of the NW 1/4 of the NE 1/4 of Section 20, Township 22 South, Range 29 East, run S 89° 42' 30" W., 1321.14 feet to the NW corner of said N 1/2 of the S 1/2 of the N 1/2 of the NW 1/4 of the NE 1/4; thence S 00° 01' 42" E., 163.52 feet to the SW corner thereof; thence N 89° 44' 15" E., 1321.06 feet along the south line thereof to the Southeast corner of the North 1/2 of the South 1/2 of the North 1/2 of the NW 1/4 of the NE 1/4 of Section 20, Township 22 South, Range 29 East; thence North, 164.22 feet to the Point of Beginning, Orange County, Florida.

SCHEDULE A-5

ALL THAT CERTAIN LAND situate in Orange County, Florida, viz:

Lots 1 through 10, Block A and Lots 7 through 14, Block B, BUNCHE MANOR, according to the plat thereof as recorded in Plat Book U, Page 32, of the public records of Orange County, Florida, LESS AND EXCEPT THEREFROM the following parcel:

Begin at the northeast corner of Lot 9, Block "B", Bunche Manor, as recorded in Plat Book "U", Page 32, Public Records of Orange County, Florida, thence S 00° 15' 00" E along the west right-of-way Line of Tampa Avenue a distance of 21.47 feet; thence N 78° 36' 47" W a distance of 110.35 feet to a point 9.28 feet east of the northwest corner of said Lot 9; thence S 89° 58" 39" E along the South right-of-way line of Orange Center Boulevard a distance of 108.08 feet to the Point of Beginning.

SCHEDULE A-6

ALL THAT CERTAIN LAND situate in Orange County, Florida; viz:

Lots 1, 2, 3, 4, 5 and 6, Block B, BUNCHE MANOR SUBDIVISION, according to the plat thereof as recorded in Plat Book U, Page 32, Public Records of Orange County, Florida.

SCHEDULE A-7

Lot 1, BORDEAUX II APARTMENTS as recorded in Plat Book 16, Page 2 of the Public Records of Orange County, Florida.

Together with all land lying between said Lot 1, BORDEAUX II APARTMENTS as recorded in Plat Book 16, Page 2, and the following-described land, to-wit:

All that piece of land being the North 1/2 of the South 1/2 of the North 1/2 of the Northwest 1/4 of Section 20, Township 22 South, Range 29 East, Orange County, Florida, LESS AND EXCEPT Right-of-Way for Mercy Drive.

And together with a 25' non-exclusive easement for ingress and egress over the East 254 feet of that certain easement set out in O.R. Book 3541, Page 233, Public Records of Orange County, Florida.

PROPERTY NO. 9: "PEPPERTREE"

Real Property titled to DBA MARKETING, INC., consisting of two (2) separate parcels situated in Orange County, Florida, both Acquired on 5/31/94, recorded 6/3/94 in OR 4750-3486, described as follows:

1) PARCEL I: Parcel 20-22-29-1408-00-010, consisting of forty (40) rental apartment units, Peppertree Circle Apartments, 1471 Mercy Dr., Orlando, Florida.

Lot 1, Clements Addition, according to the plat thereof as recorded in Plat Book 7, Page 57, in the Public Records of Orange County, Florida.

The Property is also described as:

The South 1/2 of the Northwest 1/4 of the Southeast 1/4 of Section 20, Township 22 South, Range 29 East (LESS the West 291 (feet) and (LESS the North 507.5 feet), Orange County, Florida.

2) PARCEL II: Parcel 20-22-29-1415-01-000, consisting of fifty eight (58) rental apartment units, Peppertree Shores Apartments, 984 Mercy Drive, Orlando, Florida.

Block "A", Clements Second Addition, according to the plat thereof as recorded in Plat Book 4, Page 79, in the Public Records of Orange County, Florida.

Property also described as:

The South 1/2 of the West 1/2 of the South 1/2 of the North 1/2 of the Southeast 1/4 of the Northeast 1/4 of Section 20, Township 22 South, Range 29 East, Orange County, Florida; subject to road right-of-way over the West side thereof.

PROPERTY NO. 10: "POMPANO BEACH APARTMENTS"

Real Property titled to DBA MARKETING, INC., consisting of the following two (2) separate parcels situated in Broward County, Florida:

1) Parcel No. 8235-29-0392, Lot 24, Pompano Terrace, consisting of fifteen (15) rental apartment units, Pompano Terrace Apartments, 1300 N.W. 2nd Ave., Pompano Beach, Florida: Lot 24, A/K/A that certain Lot Number 25, between Lots 23 and 25, Block 12, Lots 25, 26, 27 and 28, Block 12, POMPANO TERRACE, according to the plat thereof, recorded in Plat Book 10, page 11 of the Public Records of Broward County, Florida.

2) Parcel No. 8235-29-0620, Lots 2 and 23, Blk 12, Pompano Terrace, consisting of six (6) rental apartment units, Pompano Terrace Apartments, 143 N.W. 13th St., Pompano Beach, Florida:

Lots 22 and 23, in Block 12, of POMPANO TERRACE, according to the Plat thereof, as recorded in Plat Book 10, at Page 11, of the Public Records of Broward County, Florida.

Together with an access easement pursuant to Easement dated January 19, 1988, recorded February 2, iZ88, in Official Records Book 15159, at Page 922, of the Public Records of Broward County, Florida, over the North 20 feet of the South 47 feet of Lots 24 through 28, inclusive, in Block 12, of POMPANO TERRACE, according to the Plat thereof, as recorded in Plat Book 10, at Page 11, of the Public Records of Broward County, Florida.

PROPERTY NO. 11: "U-CARE SELF STORAGE WAREHOUSES"

Real Property titled to DBA MARKETING, INC. at 13350 West SR 40, Ocala, Marion County, Florida:

The SE 1/4 of Section 19, Township 15 South, Range 20 East, lying Southeast of State Road No. 40, and the NE 1/4 of Section 30, Township 15 South, Range 20 East, lying Southeast of State Road No. 40 and the East 1265 feet of the North 600 feet of the SE 1/4 of said Section 30.

PROPERTY NO. 12: "STONEWOOD ESTATES"

Residence and real property titled to DBA MARKETING, INC. at 4518 S.E. 2nd Place, Ocala, Marion County, Florida:

Lot 12, Block A, Stonewood Estates, according to plat thereof recorded in Plat Book "S", Pages 23 and 24, Public Records of Marion County, Florida.

PROPERTY NO. 13: "OAK HAMMOCK TERRACE APARTMENTS

Real Property titled to DBA MARKETING, INC. consisting of eight (8) apartment units, Oak Hammock Terrace Apartments, at 1951 N.W. 44th Place, Ocala, Marion County, Florida:

Lot 1, Oak Hammock Terrace, according to the plat thereof recorded in Plat Book "L", Page 32, Public Records of Marion County, Florida.

PROPERTY NO. 14: "OAKWOOD APARTMENTS"

Five (5) parcels of real property titled to DBA MARKETING, INC., Oakwood Apartments, at 5936 SE Drew St., Belleview, Marion County, Florida:

Parcel 1: Lot 1 and the Southwesterly 24.00 feet of Lot 2, Block 12, Town of Belleview, as per plat thereof recorded in Plat Book A, Page 15A, Public Records of Marion County.

Parcel 2: Lot 7, and the Northeasterly 14.50 feet of Lot 8, and the Southwesterly 5.0 feet of Lots 4, 5, and 6, the Southwesterly 5.0 feet of Lot 4, except the Southeasterly 10.00 feet thereof and that portion of a 20.00 foot alley adjacent to Lots 4, 5, 6, and 7, the described property all being in Block 12, Town of Belleview, as per plat thereof recorded in Plat Book A, Page 15A, Public Records of Marion County.

Parcel 3: The Northwesterly 26.00 feet of Lot 2, and Lot 3 except the Northwesterly 10.00 feet thereof, Block 12, Town of Belleview, as per plat thereof recorded in Plat Book A, Page 15A, Public Records of Marion County.

Parcel 4: Lots 5, 6, and Lot 4 except the Southeasterly 10.00 feet of said Lot 4, and except the Southwesterly 5.00 feet of said Lots 4, 5, and 6, Block 12, Town of Belleview, as per plat thereof recorded in Plat Book A, Page 15A, Public Records of Marion County.

Parcel 5: Lot 9, and the Southwesterly 35.50 feet of Lot 8, Block 12, Town of Belleview, as per plat thereof recorded in Plat Book A, Page 15A, Public Records of Marion County.

PROPERTY NO. 15: "VILLAGE WEST APARTMENTS"

Real Property titled to DBA MARKETING, INC. consisting of an apartment complex at 3635 N.E. 20th Place, Ocala, Marion County, Florida:

Unit C, Lot 8, Block A, Village West, as per plat thereof recorded in Plat Book 4, Page 45 of the Public Records of Marion County, Florida.

PROPERTY NO. 16: "VILLAGE WEST APARTMENTS"

Real Property titled to DBA MARKETING, INC. consisting of a twenty-one (21) unit apartment complex at 3615-3633 N.E. 19th Place, 3621-3634 N.E. 20th Place, and 3612-3650 N.E. 21st Street, Ocala, Marion County, Florida:

Unit B, Lot 7, Block B, VILLAGE WEST, according to the plat thereof, recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to the Declaration of Covenants, Conditions and Restrictions for VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit B, Lot 7, Block B; as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows:

Commence at the SW corner of Lot 7, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 89° 54' 05" E. 24.04 feet; thence N. 00° 05' 55" W. 14.96 feet; thence N. 00° 09' 17" W. 16.25 feet for the Point of Beginning; thence N. 00° 09' 17" W. 15.83 feet; thence N. 89° 50' 43" E. 36.00 feet; thence N. 00° 09' 17" W. 0.33 feet; thence N. 89° 50' 43" E. 4.00 feet; thence S. 00° 09' 17" E. 16.17 feet; thence S. 89° 50' 43" W. 40.00 feet to the Point of Beginning.

AND

Unit C, Lot 7, Block B, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit C, Lot 7, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records Marion County, Florida; being more particularly described as:

Commence at the SW corner of Lot 7, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, thence N. 89° 554' 05" E. 24.04 feet; thence N. 00° 05' 55" W. 14.96 feet; thence N. 00° 09' 17" W. 31.75 feet for the Point of Beginning; thence S. 89° 50' 43" W. 4.00 feet; thence N. 00° 09' 17" W. 16.17 feet; thence N. 89° 50' 43" E. 40.00 feet; thence S. 00° 09' 17" E. 15.83 feet; thence S. 89° 50' 43" W. 36.00 feet; thence S. 00° 09' 17" E. 0.33 feet to the Point of Beginning.

AND

Unit D, Lot 7, Block B, ViLLAGE WEST, according to the plat thereof, recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984 in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit D, Lot 7, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as:

Commence at the SW corner of Lot 7, Block B, VILLAGE WEST as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 89° 54' 05" W. 24.04 feet; thence N. 00° 05' 55" W. 14.96 feet; thence N. 00° 09' 17" W. 31.75 feet; thence S. 89° 50' 43" W. 4.00 feet; thence N. 00° 09' 17" W. 16.17 feet for the Point of Beginning; thence N. 00° 09' 17" W. 16.16 feet; thence N. 89° 50' 43" E. 36.00 feet; thence S. 00° 09' 17" E. 15.83 feet; thence S. 89° 50' 43" W. 40.00 feet to the Point of Beginning.

AND

Unit E, Lot 7, Block B, VILLAGE WEST, according to the plat thereof, recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1994, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit E, Lot 7, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as:

Commence at the SW corner of Lot 7, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 89° 54' 05" E. 24.04 feet; thence N. 00° 05' 55" W. 14.96 feet; thence N. 00° 09' 17" W. 31.75 feet; thence S. 89° 50' 43" W. 4.00 feet; thence N. 00° 09' 17"W. 32.33 feet; thence N. 89° 50' 43" E. 4.00 feet for the Point of Beginning; thence N. 00° 09' 17" W. 15.92 feet; thence N. 89° 50' 43" E. 40.00 feet; thence S. 00° 09' 17" E. 16.58 feet; thence S. 89° 50' 43" W. 4.00 feet; thence N. 00° 09' 17" W. 0.33 feet; thence S. 89° 50' 43" W. 36.00 feet; thence N. 00° 09' 17" W. 0.33 feet to the Point of Beginning.

AND

Unit A, Lot 7, Block B, VILLAGE WEST, according to the Plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit A, Lot 7, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as:

Commence at the SW corner of Lot 7, Block B, VILALGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 89° 54' 05" E. 24.04 feet; thence N. 00° 05' 55" W. 14.96 feet for the Point of Beginning; thence N. 00° 09' 17" W. 16.25 feet; thence N. 89° 50' 43" E. 40.00 feet; thence S. 00° 09' 17" E. 16.25 feet; thence S. 89° 50' 43" W. 40.00 feet to the Point of Beginning.

AND

Lot 4, Block A, Unit B, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NW corner of Lot 4, Block A, of said plat of VILLAGE WEST; thence S. 00° 16' 35" E. along the West boundary line of said Lot 4, a distance of 41.00 feet; thence N. 89° 54' 05" E. a distance of 18.00 feet to the Point of Beginning; thence N. 00° 16' 35" E. a distance of 16.00 feet; thence N. 89° 54' 05" E. a distance of 40.00 feet; thence N. 00° 16' 35" W. a distance of 16.00 feet; thence S. 89° 54' 05" W. a distance of 40.00 feet to the Point of Beginning.

AND

Lot 4, Block A, Unit C, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NW corner of Lot 4, Block A, of said plat of VILLAGE WEST; thence S. 00° 16' 35" E. along the West boundary line of said Lot 4, a distance of 57.00 feet; thence N. 89° 54' 05" E. a distance of 18.00 feet to the Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet; then N. 89° 54' 05" E. a distance of 40.00 feet; then N. 00° 16' 35" W. a distance of 16.00 feet; then S. 89° 54' 05" W. a distance of 40.00 feet to the Point of Beginning.

AND

Lot 4, Block A, Unit A, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NW corner of Lot 4, Block A, of said plat of VILLAGE WEST; then S. 00° 16' 35" E. along the West boundary line of said Lot 4, a distance of 25.00 feet; then N. 89° 54' 05" E. a distance of 22.00 feet to a Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet; then N. 89° 54' 05" E. a distance of 40.00 feet; then N. 00° 16' 35" W. a distance of 16.00 feet; then S. 89° 54' 05" W. a distance of 40.00 feet to the Point of Beginning.

AND

Unit D, Lot 6, Block B, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit D, Lot 6, Block B, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as: Commence at the SW corner of Lot 6, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence S. 89° 54' 05" W. 23.59 feet; thence S. 00° 05' 55" E. 10.10 feet; thence S. 00° 01' 33" E. 31.75 feet thence N. 89° 58' 27" E. 4.00 feet; thence S. 00° 01' 33" E. 16.17 feet for the Point of Beginning; thence S. 00° 01' 33" E. 16.16 feet; thence S. 89° 58' 27" W. 4.00 feet; thence N. 00° 01' 33" W. 0.33 feet; thence S. 89° 58' 27" W. 36.00 feet; thence N. 00° 01' 33" W. 15.83 feet; thence N. 89° 58' 27" E. 40.00 feet to the Point of Beginning.

AND

Unit E, Lot 6, Block B, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit E, Lot 6, Block B, as per plat of VILLAGE West, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as: Commence at the NE corner of Lot 6, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 89° 54' 05" W. 23.59 feet; thence S. 00° 05' 55' W. 10.10 feet; thence S. 00° 01' 33" E. 31.75 feet; thence N. 89° 58' 27" E. 4.00 feet; thence S. 00° 01' 33" W. 32.33 feet; thence S. 89° 58' 27" W. 4.00 feet for the Point of Beginning; thence S. 00° 01' 33" E. 15.92 feet; thence S. 89° 58' 27" W. 40.00 feet; thence N. 00° 01' 33" W. 16.58 feet; thence N. 89° 58' 27" E. 4.00 feet; thence S. 00° 01' 33" E. 0.33 feet; thence N. 89° 58' 27" E. 36.00 feet; thence S. 00° 01' 33" E. 0.33 feet to the Point of Beginning.

AND

Unit C, Lot 6, Block B, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public records of Marion County, Florida.

Description of Unit C, Lot 6, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as: Commence at the SW corner of Lot 6, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence S. 89° 54' 05" W. 23.59 feet; thence S. 00° 05' 55" E. 10.10 feet; thence S. 00° 01' 33" E. 31.75 feet for the Point of Beginning; thence N. 89° 58' 27" E. 4.00 feet, thence S. 00° 01' 33" E. 16.17 feet; thence S. 89° 58' 27" W. 40.00 feet; thence N. 00° 01' 33" W. 15.83 feet; thence N. 89° 58' 27" E. 36.00 feet; thence N. 00° 01' 33" W. 0.33 feet to the Point of Beginning.

AND

Unit B, Lot 6, Block B, VILLAGE WEST, according to the plat thereof, recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit B, Lot 6, Block B, VILLAGE WEST, as recorded in Plat book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NE corner of Lot 6, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence S. 89° 54' 05" W. 23.59 feet; thence S. 00° 05' 55" E. 10.10 feet; thence S. 00° 01' 33" E. 16.25 feet for the Point of Beginning; thence S. 00° 01' 33" E. 15.83 feet; thence S. 89° 58' 27" W. 36.00 feet; thence S. 00° 01' 33" E. 0.33 feet; thence S. 00° 01' 33" E. 0.33 feet; thence S. 89° 58' 27" W. 4.00 feet; thence N. 00° 01' 33" W. 16.17 feet; thence N. 89° 58' 27" E. 40.00 feet to the Point of Beginning.

AND

Unit A, Lot 6, Block B, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit A, Lot 6, Block B, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as: Commence at the NE corner of Lot 6, Block B, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence S. 89° 54' 05" W. 23.59 feet; thence S. 00° 05' 55" E. 10.10 feet for the Point of Beginning; thence S. 00° 01' 33" E. 16.25 feet; thence S. 89° 58' 27" W. 40.00 feet; thence N. 00° 01' 33" W 16.25 feet; thence N. 89° 58' 27" E. 40.00 feet to the Point of Beginning.

AND

Unit D, Lot 7, Block A, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit D, Lot 7, Block A, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as: Commence at the SW corner of Lot 7, Block A, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida; thence N. 00° 16' 35" W. along the West boundary N. 89° 43' 25" E. 42.00 feet; thence N. 00° 16' 35" W. 4.00 feet; thence N. 89° 43' 25" E. 16.00 feet to the SW corner of Unit D for the Point of Beginning; thence N. 00° 16' 35" W. 40.00 feet; then N. 89deg; 43' 25" E. 16.00 feet; thence S. 00° 16' 35" E. 40.00 feet; thence S. 89° 43' 25" W. 16.00 feet to the Point of Beginning.

AND

Unit A, Lot 7, Block A, VILLAGE WEST, according to the plat thereof recorded in Plat Book U, Page 45, as more particularly described in the Supplementary Amendment to Declaration of Covenants, Conditions and Restrictions for the VILLAGE WEST PATIO HOMES, dated August 7, 1984, filed August 8, 1984, in Official Records Book 1234, Page 1117, Public Records of Marion County, Florida.

Description of Unit A, Lot 7, Block A, as per plat of VILLAGE WEST, as recorded in Plat Book U, Page 45, Public Records of Marion County, Florida, being more particularly described as: Commence at the SW corner of Lot 7, Block A, VILLAGE WEST, as recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida thence N. 00° 16' 35" W. along the West boundary of said Lot 7, 41.00 feet; thence departing said West boundary N. 89° 43' 25" E. 10.00 feet to the Southwest corner of Unit A for the Point of Beginning; thence N. 00° 16' 35" W. 40.00 feet; thence; N. 89° 43' 25" E. 16.00 feet; then S. 00° 16' 35" E 40.00 feet; thence S. 89° 43' 25" E. 16.00 feet to the Point of Beginning.

AND

Lot 7, Block A, Unit B, VILLAGE WEST, as per plat thereof, recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the Southwest corner of Lot 7, Block A, of said plat of VILLAGE WEST, then N. 89° 54' 05" E. along the South boundary line of said Lot 7, a distance of 26.00 feet; then N. 00° 16' 35" W. a distance of 45.00 feet to a Point of Beginning; then N. 00° 16' 35" W. a distance of 40.00 feet, then N. 89° 54' 05" E. a distance of 16.00 feet; then S. 00° 16' 35" E. a distance of 40.00 feet; then S. 89° 54' 05" W. a distance of 16.00 feet to the Point of Beginning.

AND

Lot 7, Block A, Unit C, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the SW corner of Lot 7, Block A, of said plat of VILLAGE WEST; then N. 89° 54' 05" E. along the South boundary line of said Lot 7, a distance of 42.00 feet; then N. 00° 16' 35" W. a distance of 45.00 feet to the Point of Beginning; then N. 00° 16' 35" W. a distance of 40.00 feet; then N. 89° 54' 05" E. a distance of 16.00 feet; then S. 00° 16' 35" E. a distance of 40.00 feet; then S. 89° 54' 05" W. a distance of 16.00 feet to the Point of Beginning.

AND

Lot 1, Block A, Unit B, VILLAGE WEST, as per-plat thereof, recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NE corner of Lot 1, Block A, of said plat of VILLAGE WEST, then S. 00° 16' 35" E. along the East boundary line of said Lot 1, a distance of 40.73 feet; then S. 89° 54' 05" W. a distance of 22.00 feet to a Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet, then S. 89° 54' 05" W. a distance of 40.00 feet; then N. 00° 16' 35" W. a distance of 16.00 feet; then N. 89° 54' 05" E. a distance of 40.00 feet to the Point of Beginning.

AND

Lot 1, Block A, Unit C, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NE corner of Lot 1, Block A, of said plat of VILLAGE WEST; then S. 00° 16' 35" E. along the East boundary line of said Lot 1, a distance of 56.73 feet; then S. 89° 54' 05" E. a distance of 18.00 feet to the Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet; then S. 89° 54' 05" W. a distance of 40.00 feet; then N. 00° 16' 35" W. a distance 16.00 feet; then N. 89° 54' 05" E. a distance of 40 feet to the Point of Beginning.

AND

Lot 1, Block A, Unit D, VILLAGE WEST, as per plat thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NE corner of Lot 1, Block A of said plat of VILLAGE WEST; thence S. 00° 16' 35" E. along the East boundary line of said Lot 1, a distance of 72.73 feet; thence S. 89° 54' 05" W. a distance of 18.00 feet to the Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet; then S. 89° 54' 05" W. a distance of 40.00 feet; then N. 00° 16' 35" W. a distance of 16.00 feet; then N. 89° 54' 05" E. a distance of 40.00 feet to the Point of Beginning.

AND

Lot 1, Block A, Unit E, VILLAGE WEST, as per plat "thereof recorded in Plat Book U, Page 45, of the Public Records of Marion County, Florida, being more particularly described as follows: Commence at the NE corner of Lot 1, Block A, of said plat of VILLAGE WEST; then S. 00° 16' 35" E. along the East boundary line of said Lot 1, a distance of 88.73 feet; then. S. 89° 54' 05" W. a distance of 22.00 feet to the Point of Beginning; then S. 00° 16' 35" E. a distance of 16.00 feet; then S. 89° 54' 05" W. a distance of 40.00 feet, then N. 00° 16' 35" W. a distance of 16.00 feet; then N. 89° 54' 05" E. a distance of 40.00 feet to the Point of Beginning.

PROPERTY NO. 17: "HILLTOP MANOR APARTMENTS"

Real Property titled to DBA MARKETING, INC. consisting of an apartment complex, Hilltop Manor Apartments, at 1502 N.E. 16th Ave., Ocala, Marion County, Florida:

Lot 7, Block F of Hilltop Manor, as per plat thereof, recorded in Plat Book "F", Page 43, of the Public Records of Marion County, Florida.

PROPERTY NO. 18: "INDIAN TRAILS OFFICE BUILDING"

Real Property and a commercial office building titled to DBA MARKETING, INC. at 1100 S.E. 58th Ave., Ocala, Marion County, Florida:

Tract B, Indian Trials, according to plat thereof recorded in Plat Book "X", Pages 66 and 67, of the Public Records of Marion County, Florida.

PROPERTY NO. 19: "VACANT LOT"

Real Property titled to DBA MARKETING, INC. adjacent to office building at 1100 S.E. 58th Ave., Ocala, Marion County, Florida:

Tract C, Indian Trails, as per plat thereof recorded in Plat Book "X", Pages 66 and 67, Public Records of Marion County, Florida.

PROPERTY NO. 20: "BELLEVIEW PROPERTY"

Real Property and quadriplex titled to DBA MARKETING, INC. in Belleview, Marion County, Florida:

Lot 1, Block B of Law's Subdivision, as per plat thereof, recorded in Plat Book "F", Page 103, of the Public Records of Marion County, Florida, LESS the East 8 feet thereof.

This space purposefully is left blank. PROPERTY NO. 22: "SOUTH-FORTY INDUSTRIAL PARK (LOTS AND WAREHOUSE)"

Real Property titled to DBA MARKETING, INC. at SW 7th Street and SW 35th Avenue, Ocala, Marion County, Florida:

Lots 8, 11, 13 and 14, Block A; Lots 2, 3, 4, 5, 7, 8 and 9, Block B; and Lot 1, Block C, South Forty Industrial Park. Phase II as per plat thereof recorded in Plat Book "X", Page 98, Public Records of Marion County, Florida.

PROPERTY NO. 23: "THE ABBEY CONDOMINIUMS"

A five (5) unit condominium titled to DBA MARKETING, INC. 4343 N.W. 80th Ave., Ocala, Marion County, Florida:

Unit 1, Building A, THE ABBEY, a condominium according to the Declaration of Condominium dated March 14, 1979, filed for record on April 6, 1979 in Official Records Book 960, pages 334 through 390, inclusive of the public records of Marion County, Florida. TOGETHER with undivided interest in the common elements declared in said Declaration of Condominium to be an appurtenance to the above described unit.

Unit 2, Building A, THE ABBEY — A CONDOMINIUM, according to the Declaration of Condominium dated March 14, 1979, filed for record on April 6, 1979, in Official Records Book 960, at Pages 334 through 390, inclusive of the Public Records of Marion County, Florida; together with undivided interest in the common elements declared in said Declaration of Condominium to be an appurtenance of the above-described unit.

Unit 3, Building A, THE ABBEY, a condominium according to the Declaration of Condominium dated March 14, 1979, filed for record on April 6, 1979 in Official Records Book 960, Pages 334 through 390, inclusive, Public Records of Marion County, Florida. TOGETHER WITH an undivided interest in the common elements declared in said Declaration of Condominium to be an appurtenance to the above described unit.

Unit 5, Building B, THE ABBEY, a condominium according to the Declaration of Condominium dated March 14, 1979 filed for record on April 6, 1979 in Official Records Book 960, pages 334 through 390, inclusive, Public Records of Marion County, Florida.

Unit 7, Building B, THE ABBEY, a condominium, according to Declaration of Condominium dated March 14, 1979, filed for record on April 6, 1979, in OR Book 960, pages 334 through 960 inclusive, and Amendment to Declaration of Condominium dated November 17, 1979, in OR Book 1000, at pages 1863 through 1865, inclusive, all of the public records of Marion County, Florida.

PROPERTY NO. 24: "OAK HAVEN QUADRIPLEX"

Real Property and rental apartments titled to DBA MARKETING, INC. located at 2000 N.W. 43RD Street, Ocala, Marion County, Florida:

Lot 9, Block B, Oak Haven, according to plat thereof recorded in Plat Book "V", Page 21, of the Public Records of Marion County, Florida.

PROPERTY NO. 25: "OAK HAVEN QUADRIPLEXES (TW0 BUILDINGS)"

Real Property and rental apartments titled to DBA MARKETING, INC. located at 2020 N.W. 43rd Street, and 4291 N.E. 19th Ct., Ocala, Marion County, Florida:

Lot 12, Block A, and Lot 10, Block B, Oak Haven, according to the plat thereof recorded in Plat Book "V", Page 21, of the Public Records of Marion County, Florida.

PROPERTY NO. 26: "OAK HAVEN QUADRIPLEX"

Real Property and rental apartments titled to DBA MARKETING, INC. located at 2075 N.W. 43rd Street, Ocala, Marion County, Florida:

Lot 6, Block A, Oak Haven, as per plat thereof, recorded in Plat Book "V", Page 21, of the Public Records of Marion County, Florida.

PROPERTY NO. 27: "OAK HAVEN QUADRIPLEX"

Real Property and rental apartments titled to DBA MARKETING, INC. located at 2095 N.W. 43rd Street, Ocala, Marion County, Florida:

Lot 5, Block A, Oak Haven, as per plat thereof recorded in Plat Book "V", Page 21, of the Public Records of Marion County, Florida.

PROPERTY NO. 28: "HILLSBORO COUNTY WAREHOUSE"

Real Property titled to HUGHES-BURTON, INC., predecessor in interest by merger to DBA MARKETING, INC. consisting of the following parcel and commercial warehouse situated at 5409 S. Westshore Blvd., Tampa, Hillsborough County, Florida:

A tract in Government Lot 3, Section 8, Township 30 South, Range 18 East, described as follows: From the Northeast corner of said Government Lot 3, run North 89 degrees 33.5 minutes West along the North boundary of said Government Lot 3, a distance of 40.0 feet to a point on the West right of way line of West Shore Boulevard, run thence South along said West right of way line of West Shore Boulevard, a distance of 79.54 feet to a point of beginning, from said point of beginning, continue South along said West right of way line of West Shore Boulevard, a distance of 413.11 feet, run thence West at right angles to said right of way line, a distance of 315.0 feet to a point on the Easterly boundary line of the right of way conveyed by Deed dated September 8, 1955 from Paul H. Smith and wife; TO The Atlantic Coast Line Railroad Company, recorded in Deed Book 1910 on page 498 of the Public records of Hillsborough County, Florida, run thence North along said Easterly boundary of said right of way, parallel to the West right of way line of West Shore Boulevard, a distance of 74.13 feet to the Southerly end of a curve in said right of way, run thence Northeasterly along the Southeasterly boundary line of said right of way on a curve to the right, having a radius of 339.27 feet, an arc distance of 492.96 feet to the Northerly end of said curve, run thence North 83 degrees 15 minutes East, a distance of 17.63 feet to the point of beginning, all lying and being in Hillsborough County, Florida.

PROPERTY NO. 29: "GRASSY PONDS APARTMENTS"

Real Property titled to NAHAMA, LTD., A/K/A NAHAMA LIMITED, INC., consisting of the following parcels situated in Duval County; Florida:

Eighty eight (88) rental apartment units, Grassy Pond Apartments, 5641 California Ave., Jacksonville, Florida:

A PORTION OF BLOCKS 96 AND 97, JACKSONVILLE HEIGHTS TOWNSITE AS RECORDED IN PLAT BOOK 3, PAGE 50 OF THE CURRENT PUBLIC RECORDS OF DUVAL COUNTY, FLORIDA. TOGETHER WITH CLOSED MAPLE STREET LYING BETWEEN SAID BLOCKS AND CLOSED ALLEYS LYING WITHIN SAID BLOCKS, ALL BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: FOR A POINT OF REFERENCE, COMMENCE AT THE SOUTHWEST CORNER OF BLOCK 97 OF SAID SUBDIVISION, SAID POINT BEING ALSO THE INTERSECTION OF THE EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE WITH THE NORTH RIGHT OF WAY LINE OF CHERYL ANN LANE (FORMERLY OAK STREET) RUN THENCE ALONG SAID EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE (A 50 FOOT RIGHT OF WAY, AS NOW ESTABLISHED) NORTH 01° 43' 15" WEST A DISTANCE OF 95.50 FEET TO THE POINT OF BEGINNING. FROM THE PONT OF BEGINNING THUS DESCRIBED CONTINUE NORTH 01° 43' 15" WEST ALONG SAID EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE, A DiSTANCE OF 348.63 FEET; THENCE NORTH 88° 16' 45" EAST, A DISTANCE OF 555.70 FEET TO A POINT IN THE NORTHWESTERLY RIGHT OF WAY LINE OF A FLORIDA STATE ROAD DEPT. OUTFALL DITCH RIGHT OF WAY; RUN THENCE SOUTH 23° 24' 10" WEST ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE A DISTANCE OF 322.81 FEET; THENCE CONTINUING ALONG SAID NORTHWESTERLY RIGHT OF WAY LINE, RUN SOUTH 56° 50' 10" WEST, A DISTANCE OF 108.15 FEET; THENCE DEPARTING FROM SAID RIGHT OF WAY LINE, RUN SOUTH 88° 17' 25" WEST A DISTANCE OF 326.37 FEET TO THE POINT OF BEGINNING.

TOGETHER WITH A PORTION OF CLOSED CALIFORNIA AVENUE LYING WESTERLY OF AND IMMEDIATELY ADJOINING THE WESTERLY MOST LINE OF BLOCK 97, JACKSONVILLE HEIGHTS TOWNSITE, AS RECORDED IN PLAT BOOK 3, PAGE 50 OF THE CURRENT PUBLIC RECORDS OF DUVAL COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

FOR A POINT OF REFERENCE, COMMENCE AT THE SOUTHWEST CORNER OF BLOCK 97 OF SAID SUBDIVISION, SAID POINT OF BEING ALSO THE INTERSECTION OF THE EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE WITH THE NORTH RIGHT OF WAY LINE OF CHERYL ANN LANE (FORMERLY OAK STREET); RUN THENCE ALONG SAID EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE (a 50 FOOT RIGHT OF WAY, AS NOW ESTABLISHED) THENCE NORTH 01° 43' 15" WEST A DISTANCE OF 95.50 FEET TO THE POINT OF BEGINNING. FROM THE POINT OF BEGINNING THUS DESCRIBED, CONTINUE NORTH 01° 43' 15" WEST ALONG SAID EAST RIGHT OF WAY LINE OF CALIFORNIA AVENUE TO THE SOUTHERLY LINE OF CLOSED MAPLE STREET LYING BETWEEN BLOCKS 96 AND 97, JACKSONVILLE HEIGHTS TOWNSITE, RUN THENCE ALONG THE WESTERLY PROLONGATION OF THE SAID SOUTHERLY LINE OF CLOSED MAPLE STREET AND ALONG THE NORTHERLY LINE OF CLOSED CALIFORNIA AVENUE 25 FEET TO CALIFORNIA AVENUE, AS NOW ESTABLISHED RUN THENCE SOUTH 01° 43' 15" EAST AND ALONG THE WESTERLY LINE OF CLOSED CALIFORNIA AVENUE, BEING ALSO THE EASTERLY LINE OF CALIFORNIA AVENUE, AS NOW ESTABLISHED, TO THE SOUTHWEST CORNER OF CLOSED CALIFORNIA AVENUE, SAID POINT BEARING SOUTH 88° 17' 25" WEST FROM THE POINT OF BEGINNING; RUN THENCE NORTH 88° 17' 25" EAST AND ALONG THE SOUTHERLY LINE OF CLOSED CALIFORNIA AVENUE 25 FEET TO THE POINT OF BEGINNING.

PROPERTY NO. 30: "SOUTHWOOD APARTMENTS"

Real Property titled to NAHAMA, LTD., A/K/A NAHAMA LIMITED, INC., consisting of the following parcels situated in Duval County, Florida:

Eighty five (85) rental apartment units, Southwood Apartments, 4070 Barnes Rd., Jacksonville, Florida:

Part of Lots 10 and 19, SPRING GLEN FARMS, as recorded in Plat Book 7, Page 7, of the current public records of Duval County, Florida, more particularly described as follows:

Beginning at an iron marking the Northwest corner of said Lot 19, thence South 05° 14' East along the line dividing Lots 19 and 20 of said Spring Glen Farms, a distance of 885.70 feet, to an iron on the West line of Barns Road (a 60 foot right-of-way as now established); thence South 5° West along said West line of Barnes Road 134.0 feet to an iron; thence North 85° 07' 40" West along the Northerly line of lands described in Deed Book 791, Page 500, of the public records of Duval County, Florida, 238.0 feet to an iron; thence South 4° 56' 40" West 100.0 feet to an iron in the North line of Pine Ridge as recorded in Plat Book 29, Page 14, of said public records; thence North 85° 09' West along said North line of Pine Ridge 671.13 feet to an iron in the West line of said Lot 18; thence North 10° 43' 30" East along the West line of said Lots 18 and 19, 233.2 feet to the Northwest corner of said Lot 19 and the place of beginning.

Less that part thereof contained in Mercy Drive along the East line of said property.

Also less and except Lots 25 and 26, Block A, COLONY COVE, according to the plat thereof as recorded in Plat Book 3, page 66, Public Records of Orange County, Florida.

PROPERTY NO. 33: "CANDLEWOOD APARTMENTS"

Real Property titled to NAHAMA LIMITED, INC., A/K/A NAHAMA, LTD., consisting of the following parcel situated in Brevard County, Florida:

One hundred (100) rental apartment units, Candlewood Apartments, 811 Crestview Rd., Cocoa, Florida:

A tract of land lying in the Northeast 1/4 of Section 29, Township 24 South, Range 36 East, City of Cocoa, Brevard County, Florida, and being a part of units 6, 7, 10 and 11 of Crestview Acres as recorded in Plat Book 9, Page 37 of the Public Records of Brevard County, Florida: said tract being more particularly described as follows:

Commence at the Southwest corner of the Northeast 1/4 of said Section 29, Township 24 South, Range 36 East and run S 89° 52' 35" E. along the south line of the said Northeast 1/4 of Section 29, a distance of 1553.35 feet to an intersection with the east right-of-way of Fiske Boulevard thence N 00° 03' 45" E. along said east right-of-way of Fiske Boulevard, a distance of 1430.00 feet to an intersection with the south line of said Lot 11 of Crestview Acres and the POINT OF BEGINNING;

Thence continuing N 00° 03' 45" E. along the said East right-of-way of Fiske Boulevard, a distance of 655.82 feet to an intersection with the South right-of-way of Nancy Avenue; thence South 89° 23' 00" E. along the said South right-of-way of Nancy Avenue, a distance of 669.00 feet; thence S 00° 07' 17" E. a distance of 311.83 feet thence N 89° 23' 00" W. a distance of 189.98 feet; thence S 00° 03' 45" W a distance of 344.00 feet to an intersection with the said South line of Lot 11 of Crestview Acres; thence N 89° 23' 00" W. along the said South line of Lot 11 of Crestview Acres, a distance of 480.02 feet to the POINT OF BEGINNING, LESS and EXCEPT Road Rights-of-WAY.

PROPERTY NO. 34: "ARLINGTON APARTMENTS"

Real Property titled to NAHAMA LIMITED COMPANY, A/K/A NAHAMA LTD., consisting of the following parcel situated in Brevard County, Florida:

Forty (40) rental apartment units, Arlington Apartments, 1301 Jackson St., Cocoa, Florida:

The North 300.00 feet of Block 7 of PINE GROVE PARK according to plat thereof as recorded in Plat Book 9, page 24, of the Public Records of Brevard County, Florida, less the West 250.00 feet, and containing 2.59 acres more or less, being otherwise described as follows: Begin at the Northeast corner of Block 7, of PINE GROVE PARK, as recorded in Plat Book 9, page 24, of the Public Records of Brevard County, Florida, and run N. 89° 31' 00" W. along the north line of said Block 7, a distance of 376.19 feet thence run s. 0° 10' 00" W. 300.00 feet; thence run S. 89° 31' 00" E. 376.36 feet to the east line of said Block 7; thence run N. 00° 08' 00" E. along said east line, a distance of 300.00 feet to the point-of-beginning, containing 112,875 sq. feet or 2.59 acres more or less.

PROPERTY NO. 35: "DARBY DOWNS OF OCALA"

Real Property titled to NAHAMA LTD., A/K/A NAHAMA LIMITED COMPANY, A/K/A NAHAMA, LTD., INC., A/K/A NAHAMA LIMITED, consisting of the following parcel situated in Marion County, Florida:

Lots 5 and 16, Darby Downs of Ocala, consisting of building lot (16), and Model Home (5), 1020 N.E. 30th Ave., Ocala, Florida, more particularly described as follows:

Lots 5 and 16, Darby Downs of Ocala, as per plat thereof recorded in Plat Book Z, Pages 90 and 91, Public Records of Marion County, Florida.

PROPERTY NO. 36: "VACANT LOT, OCALA"

Real Property titled to NAHAMA LTD., A/K/A NAHAMA LIMITED COMPANY, A/K/A NAHAMA, LTD., INC., A/K/A NAHAMA LIMITED, consisting of the following parcel situated in Marion County, Florida:

Lot 3, Block A, Evergreen Subdivision, consisting of vacant lot at 1742 S.E. 56th Ct., Ocala, Florida:

Lot 3, Block A, Evergreen Subdivision, as per plat thereof recorded in Plat Book "S", Page 94, Public Records of Marion County, Florida.

PROPERTY NO. 37: "PADDOCK VILLAS RESIDENCE"

Real Property titled to NAHAMA LTD., A/K/A NAHAMA LIMITED COMPANY, A/K/A NAHAMA. LTD., INC., A/K/A NAHAMA LIMITED, consisting of the following parcel situated in Marion County, Florida:

Residence located at 1904 S.W. 35th Ave., Ocala, Florida:

Lot 58, Paddock Villas, according to plat thereof recorded in Plat Book "V", Pages 24 and 25, of the Public Records of Marion County, Florida.

PROPERTY NO. 38: "SANDALWOOD APARTMENTS"

Real Property titled to NAHAMA LTD., A/K/A NAHAMA LIMITED COMPANY, A/K/A NAHAMA, LTD., INC., A/K/A NAHAMA LIMITED, consisting of the following parcel situated in Marion County, Florida:

Eighteen (18) apartment units, Sandalwood Apartments, at 211 S.W. 8th Street, Ocala, Florida:

South 1/2 of Block 9, NEW SURVEY SOUTH, City of Ocala, Florida, according to the plat thereof recorded in Plat Book "E", Page 2, of the Public Records of Marion County, Florida.

PROPERTY NO. 39: "CHAMBERSBURG WAREHOUSE".

Real Property titled to NAHAMA LIMITED, consisting of the following parcel and commercial warehouse situated in Franklin County, Pennsylvania:

All the following described tract of real estate formerly known as The Heinz Co. property along Commerce Street partly in the Borough of Chambersburg and partly in Hamilton Township, Franklin County, Pennsylvania, bounded and limited as described in Deed recorded in OR 1300, PG 0210, Recorder of Deeds, Franklin County, Pennsylvania.

PROPERTY NO. 40: "OCEAN RIDGE RESIDENCE"

Real Property titled to ROBERT B. ARNOLD, consisting of the following parcel situated in Palm Beach County, Florida, consisting of residential waterfront property at 133 Island Dr., Ocean Ridge, Florida, and currently the residence of Willard M. and Dorothy N. Arnold.

Lot 133-133A Addition No. 1 McCormick Mile, according to the plat thereof recorded in Plat Book 25, Page 181, of the Public Records of Palm Beach County, Florida, said lands lying, situate and being in Palm Beach County, Florida.

PROPERTY NO. 41: "OCALA RESIDENCE"

Real Property titled to R.B. ARNOLD, A/K/A R.B. ARNOLD, TRUSTEE, A/K/AROBERT B. ARNOLD, TRUSTEE, consisting of the following parcel situated in Marion County, Florida:

Residence at 5510 S.E. 17th Street, Ocala, Florida:

The North 630 feet of the West 1/4 of the NE 1/4 of the SE 1/4 of Section 24, Township 15 South, Range 22 East; LESS AND EXCEPT the North 30 feet thereof and LESS AND EXCEPT the West 31 feet thereof.

PROPERTY NO. 42: "RAINBOW PARK I"

Real Property titled to R.B. ARNOLD, A/K/A R.B. ARNOLD, TRUSTEE, A/K/AROBERT B. ARNOLD, TRUSTEE, consisting of the following parcel situated in Marion County, Florida:

Land and improvement at 1325 S.W. 130th Ct., Ocala, Florida:

Lot 18, Block 1, Rainbow Park Unit 8, as filed in Plat Book K, Pages 25-34 of the Public Records of Marion County, Florida.

PROPERTY NO. 43: "RAINBOW PARK II"

Real Property titled to R.B. ARNOLD, A/K/A R.B. ARNOLD, TRUSTEE, A/K/AROBERT B. ARNOLD, TRUSTEE, consisting of the following parcel situated in Marion County, Florida:

Vacant lot at 1307 S.W. 130th Ct., Ocala, Florida:

Lot 19, Block 1, Rainbow Park Unit 8, as filed in Plat Book K, Pages 25-34 of the Public Reoords of Marion County, Florida.

PROPERTY NO. 44: "COMMERCIAL BUILDING, OCALA"

Real Property titled to R.B. ARNOLD, A/K/A R.B. ARNOLD, TRUSTEE, A/K/AROBERT B. ARNOLD, TRUSTEE, consisting of the following parcel situated in Marion County, Florida:

Property consisting of 10.8 acres and commercial building (formerly residential), on Hwy. 484, Ocala, Florida:

Tract No. 1, more particularly described as follows:

Begin at NW corner of SE 1/4 of Section 34, Township 16 South, Range 20 East, thence N. 00° 02' 32" E. a distance of 659.64 feet, thence N. 89° 44' 07" E. a distance of 353.38 feet, thence S. 00° 00' 02" E. a distance of 1329.69 feet to the Northerly right-of-way line of SR 484, thence S. 89° 26' 39" W. along and with said right of way a distance of 353.90 feet, thence North a distance of 671.85 feet to the Point of Beginning. Said lands containing 10.80 acres more or less.

PROPERTY NO. 45: "VECCHIO'S RESTAURANT"

Real Property titled to R.B. ARNOLD, A/K/A R.B. ARNOLD, TRUSTEE, A/K/AROBERT B. ARNOLD, TRUSTEE, consisting of the following parcel situated in Marion County, Florida:

Lot 26, McIntosh Subdivision, consisting of commercial building (formerly Vecchio's Restaurant) at 2023 S. Pine Ave., Ocala, Florida.

Beginning at a point of the Westerly right of way line of Orange Street (Old U.S. Highway #441), that is S. 89° 26' 15" W., 292.26 feet and S. 18° 21' 45" E., 121.00 feet from the Northeast corner of Lot 26, McINTOSH SUBDIVISION of the West 1/2 of the Sanchez Grant, as recorded in Plat Book E, Page 4, Public Records of Marion County, Florida, said point being 50.00 feet, measured at right angles from center line of said street; thence S. 18° 21' 45" E., along said Westerly right of way line 222.53 feet, thence S. 56° 16' 35" W., 149.95 feet to the Easterly right of way line of New State Road #500; thence N. 33° 42' 45" W., along said Easterly right of way line 125.00 feet, thence N. 33° 5' 15" E., 227.26 feet to the Point of Beginning.

PROPERTY NO. 46: "OAK TRACE VILLAS SUBDIVISION"

Real Property titled to R.B. ASSOCIATES, INC., consisting of the following parcel situated in Marion County, Florida, more commonly referred to as Oak Trace Villas subdivision:

A parcel of land lying in Section 25, Township 16 South, Range 20 East, Marion, County, Florida, also being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, as recorded in Plat Book L, Pages 3 through 6, inclusive, of the public records of Marion County, Florida, and being more particularly described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of said Section 25, and run S. 89° 12' 16" W, along the Southerly property line of said Tract A, a distance of 792.08 feet to the point of beginning; thence continue along the previous course a distance of 2801.94 feet to a point, leaving said line, run N. 0° 47' 44" W, a distance of 318.41 feet to a point, thence run N 35° 27' 53" E, a distance of 275.00 feet to a point, thence run S 71° 18' 49" E. a distance of 220.00 feet to a point, thence run N 23° 28' 58" E, a distance of 214.59 feet to a P.O.C. intersecting the Southerly right of way of Hialeah Boulevard of said subdivision, thence run Easterly along the arc of a curve segment to the left, a distance of 329.88 feet to the P.T., said curve segment having a radius of 800.00 feet, a delta of 23° 37' 32", a chord of 327.54 feet, bearing S 78° 19' 49" E leaving said right of way line run S 00° 08' 35" E, a distance of 200.00 feet to a point, thence run N 89° 51' 35" E. a distance of 800.00 feet to a point, thence run N 00° 08' 35" W, a distance of 200.00 feet to a P.O.C., intersecting said right of way line, thence. run easterly along the arc of a curve segment to the right, along said right of way line, a distance of 136.84 feet to the P.T., said curve segment having a radius of 1450.00 feet, a delta of 17° 15' 32", a cord of 35.19 feet bearing S 01° 27' 48" E, leaving said right of way line, run S 17° 10' 03" E, a distance of 200.00 feet to a point, ' thence run S 72° 49' 57" E, a distance of 200.00 feet to a point, thence run N 17° 10' 03' E, a distance of 200.00 feet to a point, intersecting said right of way line, thence run S 72° 49' 57" E, along said right of way line a distance of 200.00 feet to a point leaving said right of way line, run S 17° 10' 03" W, a distance of 200.00 feet to a point leaving said right of way line run S 17° 10' 03" W, a distance of 200.00 feet to a point, thence run S 72° 49' 57" E, a distance of 200.00 feet to a point, thence run N 17° 10' 03" E, a distance of 200.00 feet to a point intersecting said right of way line, thence run S 72° 49' 57" E, along said right of way line a distance of 100.00 feet to a point leaving said right of right of way line run S 17° 10' 03" W, a distance of 200.00 feet to a point, thence run S 72° 49' 57" E, a distance of 200.00 feet to a point, thence run S 00° 47' 44" E, a distance of 44.20 feet to the point of beginning.

LESS AND EXCEPT:

Unit B, Building 1, OAKTRACE, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 121.64 feet, thence S 66° 31' 02" E, 77.27 feet to the point of beginning; thence continue S 66° 31' 02" E, 23.33 feet, thence N 23° 28' 58" E, 11.33 feet, thence S 66° 31' 02" E, 4.00 feet, thence N 23° 28' 58" E, 10.34 feet, thence N 66° 31' 02" W, 2.00 feet, thence N 23° 28' 58" E, 47.00 feet, thence N 66° 31' 02" W, 25.33 feet, thence S 23° 28' 58" W, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 1, OAKTRACE, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 121.64 feet, thence S 66° 31' 02" E, 25.60 feet to the point of beginning, thence continue S 66° 31' 02" E, 23.67 feet, thence N 23° 28' 58" E, 11.33 feet, thence S 66° 31' 02" E, 4.00 feet, thence N 23° 28' 58" E, 10.34 feet, thence N 66° 31' 02" W, 2.00 feet, thence N 23° 28' 58" E, 47.00 feet, thence N 66° 31' 02" W, 25.67 feet, thence S 23° 28' 58" W 68.67 feet; to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 2, OAKTRACE, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 59.08 feet, thence S 66° 31' 02" E, 104.98 feet to the point of beginning, thence continue S 66° 31' 02" E, 23.67 feet, thence S 23° 28' 58" W, 68.67 feet, thence N 66° 31' 02" W, 25.67 feet, thence N 23° 28' 58" E, 47.00 feet, thence N 66° 31' 02" W, 2.00 feet, thence N 23° 28' 58" E, 10.34 feet, thence S 66° 31' 02" E, 4.00 feet, thence N 23° 28' 58" E, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 2, OAKTRACE, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3394.02 feet, thence N 00° 47' 44' W, 328.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 43" E, 220.00 feet, thence N 23° 28' 58" E, 59.08 feet, thence S 66° 31' 02" E, 76.98 feet, to the point of beginning, thence continue S 66° 31' 02" E 28.00 feet, thence S 23° 28' 58" W, 11.33 feet, thence N 66° 31' 02" W, 4.0 feet thence S 23° 28' 58" W, 10.34 feet, thence S 66° 31' 02" W, 2.00 feet, thence S 23° 28' 58" W, 47.00 feet, thence N 66° 31' 02" W, 26.00 feet, thence N 23° 28' 58" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 1, OAKTRACE, described as follows:

Commence at the SE corner of Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 121.64 feet, thence S 66° 31' 02" E, 49.27 feet to the point of beginning, thence continue S 66° 31' 02" E. 28.00 feet, thence N 23° 28' 58" E, 68.67 feet, thence N 66° 31' 02" E, 26.00 feet, thence S 23° 28' 58" W, 47.00 feet, thence S 66° 31' 02" W, 2.00 feet, thence S 23° 28' 58" W, 10.33 feet, thence N 66° 31' 01" W, 4.00 feet, thence S 23° 28' 58" W, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 6, OAKTRACE, described as follows:

Commence at the SE corner of said Tract A, also being the East corner of Section 25, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3077.11 feet, thence N 00° 59' 55" W, 25.25 feet, thence S 89° 00' 05" W, 51.67 feet to the point of beginning, thence continue S 89° 00' 05" W, 25.33 feet, thence N 00° 59' 55" W, 47.00 feet, thence S 89° 01' 06" W, 2.00 feet, thence N 00° 59' 55" W, 10.34 feet, thence N 89° 00' 05" E, 4.00 feet, thence N 00° 59' 55" W, 11.33 feet, thence N 89° 00' 06" E, 23.33 feet, thence S 00° 59' 55" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 7, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3211.00 feet, thence N 00° 45' 43" W, 25.12 feet to the point of beginning, thence S 39° 14' 17" W, 25.67 feet, thence N 00° 45' 43" W, 47.00 feet, thence S 89° 14' 17" W, 1.33 feet thence N 00° 45' 43" W 10.34 feet thence N 89° 14' 17" E, 2.67 feet, thence N 00° 45' 43" W, 11.33 feet, thence N 89° 14' 17" E, 24.33 feet, thence S 00° 45' 43" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 7, OAKTRACE VILLAS, described as follows: Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 23, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3211.00 feet, thence N 00° 45' 43" W, 25.12 feet, thence S 89° 14' 17" W, 51.00 feet to the point of beginning, thence S 89° 14' 17" W, 25.33 feet, thence N 00° 45' 43" W, 47.00 feet, thence S 89° 14' 17" W, 1.34 feet, thence N 00° 45' 43" W, 10.34 feet, thence N 89° 14' 17" E, 2.67 feet, thence N 00° 45' 43" W, 11.33 feet, thence N 89° 14' 17" E, 24.00 feet, thence S 00° 45' 43" E, 68.67 feet, to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 7, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3211.00 feet, thence N 00° 45' 43" W, 25.12 feet, .thence S 89° 14' 17" W, 76.33 feet to the point of beginning, thence S 89° 14' 17" W, 25.67 feet, thence N 00° 45' 43" W, 68.67 feet, thence N 89° 14' 17" E, 27.00 feet, thence S 00° 45' 43" E, 11.33 feet, thence S 89° 14' 17" W, 2.67 feet, thence S 00° 45' 43" E, 10.34 feet, thence N 89° 14' 17" E, 1.34 feet, thence S 00° 45' 43" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 2, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 2,594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 51" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 59.08 feet, thence S 66° 31' 02" E, 53.65 feet to the point of beginning, thence continue S 66° 31' 02" E, 23.33 feet, thence S 23° 28' 58" W, 63.67 feet, thence N. 66° 31' 02" W, 25.33 feet, thence N. 23° 28' 58" E, 47.00 feet, thence N 66° 31' 02" W, 2.00 feet, thence N. 23° 28' 58" E, 10.34 feet, thence S 66° 31' 02" E. 4.00 feet, thence N. 23° 28' 58" E, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 17, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3147.96 feet, thence N 00° 44' 56" W, 157.24 feet, thence S 39° 15' 04" W, 77.67 feet to the poi it of beginning, thence S 89° 15' 04" W, 24.33 feet, thence N 00° 44' 56" W, 68.67 feet, thence N 89° 15' 04" E, 45.67 feet, thence S 00° 44' 56" E, 47.00 feet, thence N 89° 15' 04" E, 1.33 feet, thence S 00° 44' 56" E, 10.34 feet, thence S 89° 15' 04" W, 2.67 feet, thence S 00° 44' 56" E, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 7, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East thence along the South boundary of said Tract A, S 89° 12' 16" W, 3211.00 feet, thence N 00° 45' 43" W, 25.12 feet, thence S 89° 14' 17" W, 25.67 feet to the point of beginning, thence S 89° 14' 17" W, 25.33 feet, thence N 00° 45' 43" W, 68.67 feet, thence N 89° 14' 17" E, 26.67 feet, thence S 00° 45' 43" E, 11.33 feet, thence S 89° 14' 17" W, 2.67 feet, thence S 00° 45' 43" 10.34 feet, thence N 89° 14' 17" E, 1.33 feet, thence S 00° 45' 43" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 2, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 59.08 feet, thence S 66° 11' 02" E, 25.32 feet to the point of beginning, thence continue S 66° 31' 02" E, 28.33 feet, thence S 23° 28' 53" W, 11.33 feet, thence N 66° 31' 02" W, 4.00 feet, thence S 23° 28' 58" W, 10.34 feet, thence S 66° 11' 02" E, 2.00 feet, thence S 23° 28' 58" W, 47.00 feet, thence N 66° 31' 02" W, 26.33 feet, thence N 23° 28' 58" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 5, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 2970.94 feet, thence N 00° 47' 44" W, 104.41 feet to the point of beginning, thence N 45° 31' 55" W, 17.00 feet, thence S 44° 28' 05" W, 1.33 feet, thence N 45° 31' 55" W, 10.34 feet, thence N 44° 28' 05" E, 2.67 feet, thence N 45° 31' 55" W, 11.33 feet, thence N 44° 28' 05" E, 24.33 feet, thence S 45° 31' 55" E, 68.67 feet, thence S 44° 28' 05" W, 23.67, to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 5, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the south boundary of said Tract A, S 89° 12' 16" W, 3006.93 feet, thence N 00° 47' 44" W, 68.75 feet to the point of beginning, thence N 45° 31' 55" W, 47.00 feet, thence N 44° 28' 05" E, 1.33 feet, thence N 45° 31' 55" W, 10.34 feet, thence S 44° 28' 05" W, 2.67 feet, thence N 45° 31' 55" W, 11.33 feet, thence N 44° 28' 05" E, 26.67 feet, thence S 45° 31' 55" E, 68.67 feet, thence S 44° 28' 05" W, 25.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 5, OAKTRACE VILLAS, described s follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3027.29 feet, thence N 00° 47' 44" W, 48.57 feet to the point of beginning, thence N 45° 31' 55" W, 68.67 feet, thence N 44° 28' 05" E, 27.33 feet, thence S 45° 31' 55" E, 11.33 feet, thence N 44° 28' 05" E, 2.67 feet, thence S 45° 31' 55" E, 10.34 feet, thence S 44° 28' 05" W, 1.33 feet, thence S 45° 31' 55" E, 47.00 feet, thence S 44° 28' 05" W, 28.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 6, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3077.11 feet, thence N 00° 59' 55" W, 25.25 feet to the point of beginning, thence S 89° 00' 05" W, 25.67 feet, thence N 00° 59' 55" W, 47.00 feet, thence S 89° 00' 05" W, 2.00 feet, thence N 00° 59' 55" W, 10.34 feet, thence N 89° 00' 05" E 4.00 feet, thence N 00° 59' 55" W, 11.33 feet, thence N 89° 00' 05" E, 23.67 feet, thence S 00° 59' 55" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 6, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3077.11 feet, thence N 00° 59' 55" W, 25.25 feet, thence S 89° 00' 05" W, 25.67 feet to the point of beginning, thence continue S 89° 00' 05" W, 26.00 feet, thence N 00° 59' 55" W, 68.67 feet, thence N 89° 00' 05" E, 28.00 feet, thence S 00° 59' 55" E, 11.33 feet, thence S 89° 00' 05" W, 4.00 feet, thence S 00° 59' 55" E, 10.34 feet, thence N 89° 00' 05" E, 2.00 feet thence S 00° 55' 55" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 6, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3077.11 feet, thence N 00° 59' 55" W, 25.25 feet, thence S 89° 00' 05" W, 77.00 feet to the point of beginning, thence continue S 89° 00' 05" W, 26.33 feet, thence N 00° 59' 55" W, 68.67 feet, thence N 89° 00' 05" E, 28.33 feet, thence S 00° 59' 55" E, 11.33 feet, thence S 89° 00' 05" W, 4.00 feet, . thence S 00° 59' 55" E, 10.34 feet, thence N 89° 00' 05" E, 2.00 feet thence S 00° 59' 55" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 8, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3337.42 feet, thence N 00° 45' 30", 25.11 feet to the point of beginning, thence S 89° 14' 30" W, 25.67 feet, thence N 00° 45' 30" W, 47.00 feet, thence S 89° 14' 30" W, 1.33 feet, thence N 00° 45' 30" W, 10.34 feet, thence N 89° 14' 30" E, 2.67 feet, thence N 00° 45' 30" W, 11.33 feet, thence N 89° 14' 30" E, 24.33 feet, thence S 00° 45' 30" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 8, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3337.42 feet, thence N 00° 45' 30" W, 25.11 feet, thence S 89° 14' 30" W, 25.67 feet to the point of beginning, thence S 89° 14' 30" W, 25.33 feet, thence N 00° 45' 30" W, 68.67 feet, thence N 89° 14' 30" E, 26.67 feet thence S 00° 45' 30" E, 11.33 feet, thence S 89° 14' 30" W, 2.67 feet, thence S 00° 45' 30" E, 10.34 feet, thence N 89° 14' 30" E, 1.33 feet, thence S 00° 45' 30" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:.

Unit C, Building 8 OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3337.42 feet, thence N 00° 45' 30" W, 25.11 feet, thence S 89° 14' 30" W, 51.00 feet to the point of beginning, thence S 89° 14' 30" W, 25.33 feet, thence N 00° 45' 30" W, 47.00 feet, thence N 89° 14' 30" E, 1.33 feet, thence N 00° 45' 30" W, 10.34 feet, thence S 89° 14' 30" W, 2.67 feet, thence N 00° 45' 30" W, 11.33 feet, thence N 89° 14' 30" E, 26.67 feet, thence S 00° 45' 30" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 8, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W. 3337.42 feet, thence N 00° 45' 30" W, 25.11 feet, thence S 89° 14' 30" W, 76.33 feet to the point of beginning, thence S 89° 14' 30" W, 25.67 feet, thence N 00° 45' 30" W, 68.67 feet, thence N 89° 14' 30" E, 24.33 feet, thence S 00° 45' 30" E, 11.33 feet, thence N 89° 14' 30" E, 2.67 feet, thence S 00° 45' 30" E, 10.34 feet, thence S 89° 14' 30" W, 1.33 feet, thence S 00° 45' 30" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, building 9, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3463.29 feet, thence N 00° 47' 44" W, 25.24 feet to the point of beginning, thence S 89° 10' 15" W, 25.67 feet, thence N 00° 49' 45" W, 47.00 feet, thence S 89° 10' 25" W, 1.33 feet, thence N 00° 49' 45" W, 10.34 feet, thence N 89° 10' 15" E, 2.67 feet, thence N 00° 49' 45" W, 11.33 feet, thence N 89° 10' 15" E, 24.33 feet, thence S 00° 19' 45" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 9, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3463.29 feet, thence N 00° 47' 44" W, 25.24 feet, thence S 89° 10' 15" W, 25.67 feet to the point of beginning, thence S 89° 10' 15" W 2.66 feet, thence S 00° 49' 45" E, 9.00 feet, thence S 89° 10' 15" W, 23.00 feet, thence N 00° 49' 45" W, 77.67 feet, thence N 89° 10' 15" E, 27.00 feet, thence S 00° 49' 45" E, 11.33 feet, thence S 89° 10' 15" W, 2.67 feet, thence S 00° 49' 45" E, 10.34 feet, thence N 89° 10' 15" E, 1.33 feet, thence S 00° 49' 45" E, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 10, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 153.01 feet, thence N 89° 21' 50" E, 17.94 feet to the point of beginning, thence N 00° 38' 10" W, 12.67 feet, thence N 89° 21' 50" E, 7.00 feet, thence N 00° 38' 10" W, 12.33 feet, thence N 89° 21' 50" E, 47.00 feet, thence N 00° 38' 10" W, 1.33 feet, thence N 89° 21' 50" E, 10.34 feet, thence S 00° 38' 10" E, 2.67 feet, thence N 89° 21' 50" E, 11.33 feet, thence S 00° 38' 10" E, 24.33 feet, thence S 89° 21' 50" W, 68.67 feet, thence N 00° 38' 10" W, 0.67 feet, thence S 89° 21' 50" W, 7.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 10, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 183.02 feet, thence N 89° 21' 50" E, 25.00 feet to the point of beginning, thence N 00° 38' 10" W, 12.33 feet, thence S 89° 21' 50" W, 7.00 feet, thence N 00° 38' 10" W, 12.67 feet, thence N 89° 21' 50" E, 7.00 feet, thence N 00° 38' 10" W, 0.33 feet, thence N 89° 21' 50" E, 68.67 feet, thence S 00° 38' 10" E, 26.67 feet, thence S 89° 21' 50" W, 11.33 feet, thence N 00° 38' 10" W, 2.67 feet, thence S 89° 21' 50" W, 10.34 feet, thence S 00° 38' 10" E, 1.33 feet, thence S 89° 21' 50" W, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 10, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 205.35 feet, thence N 89° 21' 50" E, 25.07 feet to the point of beginning, thence N 00° 38' 10" W, 25.33 feet, thence N 89° 21' 50" 47.00 feet, thence S 00° 38' 10" E, 1.33 feet, thence N 89° 21' 50" E, 10.34 feet, thence N 00° 38' 10" W, 2.67 feet, thence N 89° 21' 50" E, 11.33 feet, thence S 00° 38' 10" E, 26.67 feet, thence S 89° 21' 50" W, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 10, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 233.68 feet, thence N 89° 21' 50" E, 25.15 feet to the point of beginning, thence N 00° 38' 10" W, 9.67 feet, thence S 89° 21' 50" W, 5.00 feet, thence N 45° 38' 10" W, 5.66 feet, thence N 00° 38' 10" W, 18.00 feet, thence N 44° 21' 50" E, 5.66 feet, thence N 89° 21' 50" E, 5.00 feet, thence N 00° 38' 10" W, 0.67 feet, thence N 89° 21' 50" E, 2133 feet, thence S 00° 38' 10" E, 10.67 feet, thence N 89° 21' 50" E, 47.34 feet, thence S 00° 38' 10" E, 24.33 feet, thence S 89° 21' 50" W, 11.33 "feet, S 00° 38' 10" E, 2.67 feet, thence S 89° 21' 50" W, 10.34 feet, thence N 00° 38' 10" W, 1.33 feet, thence S 89° 21' 50" W, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 12, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 164.20 feet, thence S 54° 32' 07", 41.34 feet to the point of beginning, thence N 24° 21' 29" W, 7.00 feet, thence N 65° 38' 31" E, 13.00 feet, thence S 24° 21' 29" E, 7.00 feet, thence N 65° 38' 21" E, 12.57 feet, thence S 24° 21' 29" E, 47.00 feet, thence N 65° 38' 21" E, 1.33 feet, thence S 24° 21' 29" E, 10.34 feet, thence S 65° 38' 31" W, 2.67 feet, thence S 24° 21' 29" E, 11.33 feet, thence S 65° 38' 31" W, 24.33 feet, thence N 24° 21' 29" W 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 12, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 316.41 feet, thence N 35° 27' 53" E, 208.28 feet, thence S 54° 32' 07" E, 66.98 feet to the point of beginning, thence N 65° 38' 31" E, 15.33 feet, thence S 24° 21' 29" E, 47.00 feet, thence S 65° 38' 31" W, 1.33 feet, thence S 24° 21' 29" E, 10.34 feet, thence N 65° 38' 31" E, 2.67 feet, thence S 24° 21' 29" E, 11.33 feet, thence S 65° 38' 31" W, 26.67 feet, thence N 24° 21' 29" W, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 12, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 230.18 feet, thence S 54° 32' 07" E, 79.71 feet to the point of beginning, thence N 65° 38' 31" E, 12.67 feet, thence N 24° 21' 29" W, 9.00 feet, thence N 65° 38' 31" E, 13.00 feet, thence S 24° 21' 29" E, 77.67 feet, thence S 65° 38' 31" W, 24.33 feet, thence N 24° 21' 29" W, 11.33 feet, thence S 65° 38' 31" W, 2.67 feet, thence N 24° 21' 29" W, 10.34 feet, thence N 65° 38' 31" E, 1.33 feet, thence N 24° 21' 29" W, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

"Unit A, Building 14, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3158.41 feet, thence N 00° 47' 44" W, 331.99 feet to the point of beginning, thence S 89° 15' 48" W, 47.00 feet, thence S 00° 44' 12" E, 1.33 feet, thence S 89° 51' 48" W, 10.34 feet, thence N 00° 44' 12" W, 2.67 feet, thence S 89° 15' 48" W, 11.33 feet, thence N 00° 44' 12" W, 24.33 feet, thence N 89° 15' 48" E, 68.67 feet, thence S 00° 44' 12" E, 25.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 14, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25 Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3158.44 feet, thence N 00° 47' 44" W, 306.66 feet to the point of beginning, thence S 89° 15' 48" W, 68.67 feet, thence N 00° 44' 12" W, 26.67 feet, thente N 89° 15' 48" E, 11.33 feet, thence S 00° 44' 12" E, 2.67 feet, thence N 89° 15' 48" E, 10.34 feet, thence N 00° 44' 12" W, 1.33 feet, thence N 89° 15' 48" E, 47.00 feet, thence S 00° 44' 12" E, 25.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 14, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the East 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3158.46 feet, thence N 00° 47' 44" W, 281.33 feet, to the point of beginning, thence S 89° 15' 48" W, 47.00 feet, thence N 00° 44' 12" W, 1.33 feet, thence S 89° 15' 48" W, 10.34 feet, thence S 00° 44' 12" E, 2.67 feet, thence S 89° 15' 48" W, 11.33 feet, thence N 00° 44' 12" W, 26.37 feet, thence N 89° 15' 48", 68.67 feet, thence S 00° 44' 12" E, 25.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 14, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25 Towmship 16 South, Range 20 East, thence along the South boundary of said Tract A, thence S 89° 12' 16" W, 3158.49 feet, thence N 00° 47' 44" W, 255.66 feet to the point of beginning, thence S 89° 15' 48" W, 68.67 feet, thence N 00° 44' 12" W, 24.33 feet, thence N 89° 15' 48" E, 11.33 feet, thence N 00° 44' 12" W, 2.67 feet, thence N 89° 15' 48" E, 10.34 feet, thence S 00° 44' 12" E, 1.33 feet, thence N 89° 15' 48" E, 47.00 feet, thence S 00° 44' 12" E, 25.67 feet to the point of beginning.

AND

LESS AND EXCEPT

Unit A, Building 15, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 245.89 feet, thence N 89° 12' 16" E, 201.24 feet to the point of beginning, thence N 24° 13' 31" W, 25.67 feet, thence N 65° 46' 29" E, 47.00 feet, thence N 24° 13' 31" W, 2.00 feet, thence N 65° 46' 29" E, 10.34 feet, thence S 24° 13' 31" E, 4.00 feet, thence N 65° 46' 29" E, 11.33 feet, thence S 24° 13' 31" E, 23.67 feet, thence S 65° 46' 29" W, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 17, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the S boundary of said Tract A, S 89° 12' 16" W, 3147.96 feet, thence N 00° 44' 56" W, 157.24 feet, thence 89° 15' 04" W, 51.00 feet to the point of beginning, thence S 89° 15' 04", 26.67 feet, thence N 00° 44' 56" W, 11.33 feet, thence N 89° 15' 04" E, 2.67 feet, thence N 00° 44' 56" E, 10.34 feet thence S 89° 15' 04" W, 1.33 feet, thence N 00° 44' 56" W, 47.00 feet, thence N 89° 15' 04" E, 25.33 feet, thence S 00° 44' 56" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 17, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3147.96 feet, thence N 00° 44' 56" W, 157.24 feet, thence S 89° 15' 04" W, 27.00 feet to the point of beginning, thence S 89° 15' 04" W, 24.00 feet, thence N 00° 44' 56" W, 68.67 feet, thence N 89° 15' 04" E, 0.33 feet, thence N 00° 44' 56" W, 7.00 feet thence N 89° 15' 04" E, 13.00 feet, thence S 00° 44' 56" E, 7.00 feetthence N 89° 15' 04" E, 12.00 feet, thence S 00° 44' 56" E, 47.00 feet, thence N 89° 15' 04" E, 1.33 feet, thence S 00° 44' 56" E, 10.33 feet, thence S 89° 15' 04" W, 2.67 feet, thence S 00° 44' 56" E, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 17, OAKTRACE VILLAS, described as follows:

Commence at the SE corner of said corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3147.96 feet, thence N 00° 44' 56" W, 157.24 feet to the point of beginning, thence S 89° 15' 04" W, 27.00 feet, thence N 00° 44' 56" W, 11.33 feet, thence N 89° 15' 04" E, 2.67 feet, thence N 00° 44' 56" W, 10.34 feet, thence S 89° 15' 04" W, 1.33 feet thence N 00° 44' 56" W, 47.00 feet, thence N 89° 15' 04" E, 25.67 feet, thence S 00° 44' 56" E, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 3, OAKTRACE VILLAS, being a part of Tract A, KINGSLAND

COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3 through 6, inclusive, Public Records of Marion County, Florida, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 37' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E 214.59 feet to the intersection with the S right of way curve, concave Northerly, of Hialeah Boulevard (100 feet wide); thence Easterly along said curve having a radius of 800.00 feet, Delta of 16° 20' 58", an arc distance of 228.28 feet, thence departing said right of way curve S 07° 08' 00" W 31.68 feet to the point of beginning; thence N 89° 51' 25" E, 25.33 feet; thence S 00° 08' 35" E, 68.67 feet; thence S 89° 51' 25" W, 16.67 feet; thence N 00° 08' 35" W, 10.67 feet; thence N 89° 51' 25" E, 2.67 feet; thence N 00° 08' 35" W, 11.00 feet; thence S 89° 51' 25" W, 1.33 feet, thence N 00° 08' 35" W, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit A, Building 1, OAK TRACE VILLAS, being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3, through 6, inclusive, of the Public Records of Marion County, Florida, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00 feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 121.64 feet, thence S 66° 31' 02" E, 100.60 feet to the point of beginning, thence continue S 66° 31' 02" E, 28.33 feet, thence N 23° 28' 58" E, 68.67 feet, thence N 66° 31' 02" W, 26.33 feet, thence S 23° 28' 58" W, 47.00 feet, thence S 66° 31' 02" E, 2.00 feet, thence S 23° 28' 58" W, 10.36 feet, thence N 66° 31' 02" W, 4.00 feet, thence S 23° 28' 58" W, 11.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 5, OAK TRACE VILLAS, being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3 through 6, inclusive, Public Records of Marion County, Florida, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 2988.93 feet, thence N 00° 47' 44" W, 86.58 feet to the point of beginning, thence N 45° 31' 55" W, 68.67 feet, thence N 44° 28' 05" E, 26.67 feet, thence S 45° 31' 55" E, 11.33 feet, thence S 44° 28' 05" W, 2.67 feet, thence S 45° 31' 55" E, 10.34 feet, thence N 44° 28' 05" E, 1.33 feet, thence S 45° 31' 55" E, 47.00 feet, thence S 44° 28' 05" W, 25.33 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit B, Building 12, OAK TRACE VILLAS, being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3 through 6, inclusive, Public Records of Marion County, Florida, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet, thence N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 186.39 feet, thence S 54° 32' 07" E, 54.25 feet to the point of beginning, thence N 65° 38' 31" E, 25.33 feet, thence S 24° 21' 29" E, 68.67 feet, thence S 65° 38' 31" W, 26.67 feet, thence N 24° 21' 29" W, 11.33 feet, thence N 65° 38' 31" E, 2.67 feet, thence N 24° 21' 29" W, 10.34 feet, thence S 65° 38' 31" W, 1.33 feet, thence; N 24° 21' 29" W, 47.00 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit C, Building 3, OAK TRACE VILLAS, being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3 through 6, inclusive, Public Records of Marion County, Florida, described as follows:

Commence at the SE corner of said Tract A, also being the E 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the south boundary of said Tract A, S 89° 12' 16" W, 3594.02 feet thence, N 00° 47' 44" W, 318.41 feet, thence N 35° 27' 53" E, 275.00, feet, thence S 71° 18' 49" E, 220.00 feet, thence N 23° 28' 58" E, 214.59 feet to the intersection with the South right of way curve, concave Northerly, of Hialeah Boulevard (100 feet wide); thence Easterly along said curve having a radius of 800.00 feet, Delta of 18° 05' 12", an arc distance of 252.54 feet, thence departing said right of way curve S 05° 23' 45" W, 28.85 feet to the point of beginning, thence N 89° 51' 25" E, 7.85 feet, thence N 00° 08' 35" W, 8.00 feet, thence N 89° 51' 25" E, 12.00 feet, thence S 00° 08' 35" E, 8.00 feet, thence N 89° 51' 25" E, 3.48 feet, thence S 00° 08' 35" E, 47.00 feet, thence N 89° 31' 25" E, 1.81 feet, thence S 00° 08' 35" E, 11.00 feet, thence S 89° 51' 25" W, 2.67 feet, thence S 00° 08' 35", E 10.67 feet, thence S 89° 51' 25" W, 27.50 feet, thence N 00° 08' 35" W, 68.67 feet to the point of beginning.

AND

LESS AND EXCEPT:

Unit D, Building 3, OAK TRACE VILLAS, being a part of Tract A, KINGSLAND COUNTRY ESTATES, UNIT 1, recorded in Plat Book L, Pages 3 through 6, inclusive, public records of Marion County, Florida described as follows:

Commence at the SE corner of said Tract A, also being the B 1/4 corner of Section 25, Township 16 South, Range 20 East, thence along the South boundary of said Tract A, S 89° 12' 16" W, 2988.93 feet, thence N 00° 47' 44" W, 86.38 feet to the point of beginning, thence N 45° 31' 55" W, 68.67 feet, thence N 44° 28' 05" E, 26.67 feet, thence S 45° 31' 55" E, 11.33 feet, thence S 44° 28' 05" W, 2.67 feet, thence S 45° 31' 55" E, 10.34 feet, thence N 44° 28' 05" E, 1.33 feet, thence S 45° 31' 55" E, 47.00 feet, thence S 44° 28' 05" W, 25.33 feet to the point of beginning.

PROPERTY NO. 47: "OCALA EXECUTIVE CENTER"

Real Property titled to THE ARNOLD GROUP, INC., consisting of the following parcel situated in Marion County, Florida:

Office building more commonly referred to as Ocala Executive Center, 3501 N.E. 10th Street, Ocala, Florida:

Lots 2, 3, 8 and 9, Block D, Ocala Gardens, according to the plat thereof recorded in Plat Book "F", Page 39, Public Records of Marion County, Florida.

PROPERTY NO. 48: "PINE SHADE CONDOMINIUMS"

Real Property titled to THE ARNOLD GROUP, INC., consisting of the following parcel situated in Marion County, Florida:

Rental apartment units at 1418, 1420, 1422, and 1424 N.E. 17th Ave., Ocala, Florida:

Units 1, 2, 3, and 4 of PINE SHADE CONDOMINIUM, according to the Declaration thereof, as recorded in Official Records Book 1189, Page 532, of the Public Records of Marion County, Florida TOGETHER WITH its undivided interest in the common elements.

PROPERTY NO. 49: "MERRITT ISLAND GARDEN APARTMENTS"

Real Property titled to MULTI-HOUSING OF FLORIDA, INC., consisting of the following 101-unit apartment complex situated in Brevard County, Florida:

A tract of land in Section 26, Township 24 South, Range 36 East, Brevard County, Florida, more particularly described as follows:

Commence at the N.E. corner of the N.W. 1/4 of the N.W. 1/4 of said Section 26, proceed westerly along the North line of Section 26, South 89 degrees 35 minutes 10 seconds West, 210.0 feet; thence South 0 degree 08 minutes 39 seconds East, 25.00 feet to the South R/W line of Lucas Road, this being the Point of Beginning of this description; From the Point of Beginning, continue South 0 degree 08 minutes 39 seconds East, 500.00 feet; thence South 89 degrees 35 minutes 10 seconds West, 521.50 feet; thence North 0 degree 24 minutes 50 seconds West, 500.00 feet to the South line of Lucas Road; Thence with the South line of Lucas Road North 89 degrees 35 minutes 10 seconds East, 60.00 feet, Thence South 0 degree 24 minutes 50 seconds East, 151.33 feet; Thence North 89 degrees 35 minutes 10 seconds East, 233.33 feet; Thence North 0 degree 24 minutes 50 seconds West 151.33 feet to the South line of Lucas Road; Thence with said South line North 89 degrees 35 minutes to seconds East, 230.67 feet to the Point of Beginning, containing 5.21 acres more or less.

ALSO:

The South 151.33 feet of the North 176.33 feet of the West 233.33 feet of the East 674 feet of the Northwest quarter of the Northwest quarter, Section 26, Township 24 S, Range 36E, Brevard County, Florida.

LESS AND EXCEPT:

Commence at the NE Corner of the NW 1/4 of the NW 1/4 of Section 26, Township 24 South, Range 36 East, Brevard County, Florida, and run S 89° 35' 10" W, along the section line, 210.00 feet; Thence run S 00° 08' 39" E, along the East line of Merritt Garden Apartments, 241.25 feet to the point of beginning of this description; From the Point of Beginning continue S 00° 08' 39" E, along said East line of Merritt Garden Apartments, 14.00 feet; Thence run S 89° 51' 21" W, 22.00 feet, Thence run N 00° 08' 39" W, 14.00 feet; Thence run N 89° 51' 21" E, 22.00 feet to the Point of Beginning, containing 308 Sq. Ft. more or less. Also a 10" foot wide Utility Easement described as follows: Commence at the NE Corner of the NW1/4 of the NW1/4 of Section 26, Township 24 South, Range 36 East, Brevard County, Florida, and run S 89° 35' 10" W, along the section line, 210.00 feet; Thence rub S 00° 08' 39" E, 25.00 feet to the Point of Beginning; Thence continue S 00° 08' 39" E, 216.25 feet; to the north line of the above described tract; Thence run S 89° 51' 21" W, 10.00 feet; Thence run N 00° 08' 39" W, and parallel to the first course of this description, 216.25 feet; Thence run N 89° 35' 10" E, 10.00 feet to the Point of Beginning.