43-25 RFP-Responses-Rock Spring Golf Course.pdf

GITREP-3 (92015) State of New Jersey SELLER'S RESIDENCY CERTIFICATIONIEXEMPTION Nems(e) + ROCK SPRING CLUB AKA ROCK SPRING CLUB, INC. Curent Street Address 90 ROCK SPRING ROAD * “Cily, Town, Post Office . State Code . WEST ORANGE NEW JERSEY ase TY INFORMATION (Brief Property D Lots) 22 through 34 Zand 10 Band 34 ‘Street Address: 30 Rock Spring Road Gity, Town, Post Office Biats Zip Coda West Orange Now Jersoy O7082 Seller's Parcentage of Cunarship + Total Consideration . ‘Gwnars Share of Consideration Closing Date 100% $1.00 $1.00 Oatober 2048 § {Chack the Apprapriate Rox’ (Boxes 2 through 8 apply to NON-residents) 1 Geller Is a resident taxpayer (Individual, estate, or trust) of the State of New Jersey pursuant to the New Jersey Gross. Income Tax Act, will 2 ‘The real property being sold or transtamed Is used ‘excuslvely as my principal residence within the meaning of 26 U.S. Coda. section 121. 3 Sellaris ‘a motigagor conveying the mortgaged property ta a mortgagee tn foreclosure atin & transfor In Rou of foreclosure with 4 Seller, transferor or transferee 1s ar agency or authority of the United States: of Amorica, an agency of authority of the State 5, 8 7. } -X Seller fs not individual; estate or trust and ict re make aij cslimated gross Incofrie tax payment ., X ‘The total conekderation far the property:is $1,000-0r less ied ke an axtinatd grass incams tax paymont, “Tha gain from tho sala wil ict be tongriized {oF fodiral ‘purposes under 26 U.S, Code section 721, 1031, 1083 (CIRCLE THE Seller did not receive norelike kind property, & ‘The real property buing sod fs balng transferred by an executor or edminfstrator of a decedent to a devisce or her to effect alstibutlon of 8. the real property being sold is subject to a short sale instituted by the moxtyagee, whereby the 10. ‘The dead 1s dated prior to August 1, 2064, and was not previously recorded. WwW ‘The raal property is belng transferred under a relocation company transaction where a trustee of the telocation company buys the property 42. The reel property is being tranaterred belwean spauses or incident to » divorce decree or property setiemant sgreannont under 26 US. 43. ‘The property transferred is. a cemetery plot. 14, ‘The setter Is not receive net proceads from the sale, Net proceeds from the sale means the nel amount due to the seller on the settlement ‘The undersigned

perty transferred is. a cemetery plot. 14, ‘The setter Is not receive net proceads from the sale, Net proceeds from the sale means the nel amount due to the seller on the settlement ‘The undersigned understands that this dectaration ‘and fis contents may be diactosed or provided to the New Jersey Olviaion of Taxation and that any fal statement contained herein couk! ba punished by fine, impsonment, or both jurthermare deciare that | have examined tive declaration and, to the best of my knowledge and bsilef, It true, correct and complete. By checking this box ci cartify that the Power of Atiomay to represent the seflar{s) has been previously recorded or is betng recorded simultaneously with the deed to whic this form Is attached. ROCK SPRIN! ROCK SPRING CLUB, INC., a NJ not for profit. Its sole shareholder, MONTCLAIR GOLF for profit corporation dolZe h e B Date . Gengaro, President 02/44/2019 8:21:08 AM ESSEX COUNTY, Inst 2018086847 - Page 13 of 14

RTF (Rew, TNA) ‘STATE OF HEW JERSEY MUST SUBST IN DUPLICATE AFFIDAVIT OF CONSIDERATION FOR USE BY SELLER, (Chapter 49, PL 1883, as amended through Chapter 33 P-L 2006) MISA 46155 et s0q) "BEFORE COMPLETING THIG AFFIDAVIT, PLEASE READ THE INSTRUCTIONS ON THE REVERBE SIDE OP THIB FORM. STATE OF NEW JERSEY FOR RECORDER'S USE ONLY 85 (County thinieinsl Cosa, 1.0. COUNTY OF ESSEX ome aan yal MUNICIPALITY OR PROPERTY LOCATION West Orange Use eymbol"C*to Indicate that foe fe wclucively for enunty usa, (9) PARTY.OR LEGAL REPRESENTATIVE (Instructions #3 end #4 on reverse side.) Deponent_.Christonter P. Gansaro, bolng dy swom acooring fa lw upon Hishher oath depeet deal et ite a deed datsd October, 2018, (Grater Legal pest, Opes Oey, Otesche TI Conpery tering nseon real property identified a3 Block number 48 dumb Bs 0.1 190.04. Lot numbers 30 and 34 located at 20. Rork Seting Road, Wort Orange, New Jergey 07052, and annexed thereto. Pore Aes Tey (@) CONSIDERATION $4,001 Gnsincton 01 end 0500 reverse ste) Pl no sor mengage to which propery i ubjoct. (3) Proparty transferred ts Class QA) 4B 4C. (Circle ane) if Class 4A, calculation in Section 3A balow is required. (BA) REQUIRED CALCULATION GF EQUALIZED ABSESSED VALUATION FOR ALL CLASS 4A (COMMERCIAL) PROPERTY TRANSACTIONS: 854 and 7 an revarve side} Total Ansogand Velstfon + Ditetor’s Reto -Equnted Valuation 44,302,000.00. 29.8 S% = §48,824,729.00 U Directors Ratio tnlosa than 100%, Ti aun an ba un acta eo be conse welta UW Dbector's Ratio fs equal to erin ‘qxcoss of 100%, tho astoszed wad wAl be equel to tha equalized valve. Set aniatton 9 hy exer fa i Realy Tranter F imposed by C.48, P,L. 1968, es amended 9 bully exer ee | , treogh GOO PL B00, for the following reasan| a): Mare relerence to eazplion oymbot enol sient. Explain in detail, Sa) Consideration of lesa than $109.00 ieee ey faye ges Paneer panes n APPROPRIATE CATEGORY MUST BE CHECKED, Fallure bo do so will vot claim | fox petal ener tion. peporen etre ond inanncton Wrest oss State persons o ha Bad, pelea end * | BEEe 7: ~, z i) pamaneny a aly diablo ocaNeg dtety peymants Senior cliizens, bind ar dizablad parsons must also mast ail of the following exttarta. Gumad are sonupled & easier at the of sae. Resident ot the Stain of Wow Jeremy One- of two-faml iy seeder remniss3. ‘as joint tenants must all a THE CABE Eee ee ee ree WS CIVL UNIONS

lowing exttarta. Gumad are sonupled & easier at the of sae. Resident ot the Stain of Wow Jeremy One- of two-faml iy seeder remniss3. ‘as joint tenants must all a THE CABE Eee ee ee ree WS CIVL UNIONS COUPLE, ONLY ONE GHUNTOR REED Gt QUALIFY tF BY THE LOW AND WODGRATE COME HOUSING” Travan #9 on erese 8) Alfoedable ncconding to HUD standards. ‘Reaserved for occupancy. Meats Income requirements of region, ‘Subject to resale contre. "E) NEWGONSTRUCTION — (lnstuctire 62, #10 aad #12 on reverse sito) Entrely new tmprovemant Not previausty accupled. Notp tnt perpe “NEW CONSTRUCTION" grinted ol eA Ge FZ #14 on avons sida) nemereeeataae Rock Spring Ciub AKA Rock Spring Club, Ina, thia 30" day of October, 2018, Ae Ce Ae nonoar ost Gu club . ‘Grenier ‘88 eock Spring Rout, West Orange, NSOTESY Laurence Slous, Eeq. Areas ‘Grantor Addsess al Time ef Sue Attorney at Law of NJ . ORT “ tas FOROFPCWLUBEONY EERE”. , Pear Poalbaee 1d 79 BOR sn Racanded_ [Po ETE (county Recording Ores hal fact one copy of nach TFA foam wen Seaton aA a compiled fa, STATE OP NEW ZERBEY -UNSION OF TAKATION : TREDITON, Nd C8R1E0251 ATIENTIDN: REALTY TRANSFER FEE UNIT ‘De Brodie of Youn nto Daath easy renee ita regi tn sad ay at ero enn st pot Det, Fortes ce aay Tenner Fae rt pa cn tis Ae. Wa Dd of Taio 02/14/2019 8:21:08 AM : ESSEX COUNTY Inet. 2018096847 - Page 14 of 14

DANA RONE ESSEX COUNTY REGISTER OF DEEDS & MORT: GAGES Ball of Records 465 Martin Luther King Jr Blyd Room 130 Newark, NJ 07102 (973) 621-4960 *RETURN DOCUMENT TO: WILENTZ, GOLDMAN & SPIIZER P.A. 90 WOODBRIDGE CENTER DRIVE Instrument Number - 2018096854 WOODBRIDGE, NJ 07095 Recorded On 11/8/2018 At 2:02:13 PM ATIN: PETER R. HERMAN, ESQ. * Instrument Type - MORTGAGE Invoice Number - 242422 User ID: YN *Total Pages - 28 * Mortgagor - MONTCLAIR GOLF CLUB * Mortgagee - PROVIDENT BANK * PARCEL IDENTIFICATION NUMBER N/A-WEST ORANGE * FEBS N3 PRESERVATION, . $145.00 ACCOUNT OOD kak REGISTER RECORDING ‘FBE. $155.00 HOMELESSNESS TRUST FUND $3.00 ° TOTAL PAID $303.00 Thereby CERTIFY that this document is Recorded in the Register of Deeds & Mortgages Office of Essex County, New Jersey LEY Dana Rone Register of Deeds & Mortgages THIS IS A CERTIFICATION PAGE Do Not Detach THIS PAGE IS NOW PART OF THIS LEGAL DOCUMENT . Information denoted by an asterisk mey change during the verification process end may not be reflected on this page. sermncrr men. 2018096854 cM 02/14/2018 8:23:57 AM ESSEX COUNTY Instat 2018086854 - Page 1 of 28

a’ Essex County Recording Data Page [Official Use Only Honorable Dana Rone Essex County Register Official Use Only: Date of Document: [Type of Document: October 30, 2018 Mortgage First Party Name: [Second Party Name: Montclair Golf Club Provident Bank Additional Parties: i THE FOLLOWING SECTION IS. FOR DESDTONLY. . Block: . * [Qualifiers Municipality: Consideration: Malling Address of Grantee: THE FOLLOWING SECTION IS FOR ORIGINAL MORTGAGE DOOKING & PAGING INFORMATION ASSIGNMENTS, RELEASES, SATISFACTIONS, DISCHARGES 6 OTIKER ORIGINAL MORTGAGE AGREEMENTS ONLY Original Book: Original Page: ESSEX COUNTY RECORDING DATA PAGE Please do se deuach this pags frona the orlginal doesment 27 cartaiss important mcaniing informaiioa and is pax of the pecmaneat recon, 02/14/2019 6:23:57 AM ESSEX COUNTY Inst.# 2018086854 - Page 2 of 28

+ Do Not Charge the Wilentz Account: Record. turn to: Wilentz, Goldman & Spitzer P.A. 90 Woodbridge Center Drive Woodbridge, NJ 07095 Attn: Peter R. Herman, Esq. MORTGA SE Al EMEN’ THIS MORTGAGE AND SECURITY AGREEMENT dated October 30, 2018 (together with any amendments or modifications hereto in effect from time to time, this “Mfortgage”), by MONTCLAIR GOLF CLUB (“Mortgagor”), a New Jersey not-for-profit corporation, having an office located at 25 Prospect Avenue, West Orange, New Jersey 07052, in favor of PROVIDENT BANK, ("Mortgagee"), having an office located at 100 Wood Avenue, South Iselin, New Jersey 08830. WITNESSETH: WHEREAS, pursuant to a certain Loan Agreement dated the date hereof by and among the Mortgagor, the Mortgagee and other parties related thereto, as may be amended, restated mm/or extended from time to time (“Loan Agreement”), the Mortgagee has made certain loans to Mortgagor (individually and collectively, the “Borrower”) aggregating $8,220,966.31 (together with all other loans and extension of credit made from time to time by the Mortgages to the Borrower shall be referred to as “Loans”); and WHEREAS, Mortgagor has. 8 foe interest in and to: those certain tracts of land located in Township of West Orange; County, of Essex, State of New Jersey igore particularly described in Schedule “A” attached hereto and made a part hereof (the “Real Estate”); and WHEREAS, to induce Mortgagee to meke the Loans, and to secure payment of the Mortgagor’s obligations under the Loan Agreement, Mortgagor has agreed to execute and deliver this Mortgage. GRANTING CLAUSES NOW, THEREFORE, to secure to Mortgages @ the repayment of all sums due under this Mortgage, the Mortgage Loan (as defmed in the Loan Agreement), and the other Loan SUCCESSORS AND ASSIGNS, all of Mortgagor’s right, title and interest now owned or hereafter acquired in and to each of ‘the following (collectively, the “Property”): (A) The Real Estate; Any and all buildings and improvements now or hereafter erected on, under or cover the Real Estate (the “Improvements”); #10165180.1(141886.270) 02/44/2019 8:23:67 AM ESSEX COUNTY insta? 2018096864 - Page 3 of 28

(SIGNATURE PAGE TO MORTGAGE AND SECURITY AGREEMENT) IN WITNESS WHEREOF, Mortgagor, intending to be legally bound, has duly executed and delivered this Mortgage as of the day and year first above written, ATTEST: MONT UB Kem Name: Title: itlorvery 5 oe afd ; PrAsident 18 #40165190.1(141986.270) 02/14/2019 8:23:57 AM ESSEX COUNTY insl.# 2018096854 - Page 20 of 28

ACKNOWLEDGEMENT STATE OF NEW JERSEY ) : $8 COUNTY OF MIDDLESEX ) Be it remembered, that on this 30" day of October, 2018, before me, the subscriber, an Attomey-at-Law of the State of New Jersey, authorized to take acknowledgments and proofs in and for the State and County aforesaid, personally appeared Christopher P, Gengaro who, acknowledged himself to be President of Montclair Golf Club, a New Jersey corporation, and who, I am satisfied is the person named in and who executed the within instrument on behalf of said company and he did acknowledge that he signed and delivered the same as the act and deed of said company for the uses and purposes therein expressed by signing the name of the company as officer of the company. Laurence Slous, Esq. An Attomey-at-Law of the State of New Jersey 19 #10165190.1(141888.270) a2M4/2019 8:23:87 AM . ESSEX COUNTY Inst 2018098854 - Page 21 of 26

SCHEDULE “A” em seamaoyeadetnas Potensh CREO IN POAPTA AH DESCRIPTION mock era ano le AD “BLOCK 4651 LOTS 2 TRUS 0 onan OF WEST Sub, ESTEE COUNTY NEW SERS apaecnenrasecse i aa Vata Rack tg Fd A HP Besa ot (eds eet Rane Ow OO a0 Mert oe ays eed DROS PG 31 Tot at bees seopuvegeiatcenas nn ren bay ery eae tories a TU OK, a ee ter peat bn a TE arnt 4 ash Gadinet eae Sareea jtne cheats Lt 10, (90, Wes 4 devas tommiereateimeciom Ei Ia sr ied ‘tol cron, eae sg miahi YB, rn ae a, es fone sraptieretaneetaeeta eas ——- EE Srallee anew eat wares [ROOT | Reve, #10165480,1{141986,270) 0214/2019 8:23:57 AM ESSEX COUNTY Inst.# 2018098854 - Page 22 of 2B