<html><body><span style="font-family:Arial; color:#000000; font-size:12pt;"><div>Speaking of mortgage liens, does anyone know if the following theory is FACT OR FANTASY?</div><div><br></div><div>A real estate mortgage, once it is bundled as part of a mortgage backed security and sold, <i>twice</i>, (NO, I do not know why it must trade twice) it is considered to have been "paid" and if you can prove that it was, indeed, traded as part of a security then it would constitute a complete defense to a mortgage foreclosure. The trick is, or so I have heard, that it is nearly impossible to find out if your mortgage was integrated into, or used as part of, a security, that was traded. </div><div><br></div><div>FACT OR FANTASY?</div><div><br></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-family: arial, helvetica, sans-serif;">Michael Romm</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;">Michael R. Romm, P.A.</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>North Office: </strong>4660 North University Drive</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;">Lauderhill, FL 33351</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><strong><span style="font-size: 10pt;">South Office: </span></strong><span style="font-size: 10pt;">1213 S. 30th Avenue, Suite 2</span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;">Hollywood, FL 33020</span></span></div><div style="font-family: arial, helvetica, sans-serif;"><span style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Phone:</strong> (954) 557-8002</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>Fax:</strong> (954) 208-0022</span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 10pt;"><strong>EMAIL: </strong><a href="mailto:mromm@rommlaw.com">mromm@rommlaw.com</a></span></span></div><div style="font-family: arial, helvetica, sans-serif; font-size: 12pt;"> </div><div style="font-size: 12pt;"><span style="font-size: 10pt;"><span style="font-size: 8pt;"><span style="font-family: arial, helvetica, sans-serif;"><span style="font-family: terminal, monaco;"><span style="font-family: arial, helvetica, sans-serif;">CONFIDENTIALITY NOTICE: The information and all attachments contained in this electronic communication are legally privileged and confidential information, subject to the attorney-client privilege and intended only for the use of intended recipients. If the reader of this message is not an intended recipient, you are hereby notified that any review, use, dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately of the error by return email and please permanently remove any copies of this message from your system and do not retain any copies, whether in electronic or physical form or otherwise. Unauthorized interception of this e-mail is a violation of federal criminal law.</span></span></span><br><br><br><br></span></span></div><div><br><br></div>
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-------- Original Message --------<br>
Subject: Re: [CLC-Discussion] Can a construction lender bond off a<br>
construction lien?[Scanned]<br>
From: "Gibbons, Michael" <<a href="mailto:Michael.Gibbons@lowndes-law.com">Michael.Gibbons@lowndes-law.com</a>><br>
Date: Mon, March 04, 2013 6:21 pm<br>
To: "'Larry Leiby'" <<a href="mailto:Leiby@mkpalaw.com">Leiby@mkpalaw.com</a>>, "David C. Agee"<br>
<<a href="mailto:dagee@reidagee.com">dagee@reidagee.com</a>>, Dan Vega <<a href="mailto:DVega@taylorvega.com">DVega@taylorvega.com</a>>, <br>
"fred.dudley@hklaw.com" <<a href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a>>, <br>
"<a href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>" <<a href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>>, "<a href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>"<br>
<<a href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>>, "<a href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>"<br>
<<a href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>>, <br>
"<a href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a>"<br>
<<a href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a>><br>
<br>
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</style> <br> <br> <div class="WordSection1"> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> A lender may (and not infrequently does) have an interest in the contract under which the lien is claimed. It is common for a construction lender to bargain for (as a condition of making the loan) a conditional assignment of the borrower’s interest in the underlying prime construction contract. Certainly, if that conditional assignment is triggered by a borrower default and the lender’s invocation of its rights under the conditional assignment, then that lender under those circumstances would have “the interest” in the contract under which the lien is claimed to support standing to post a 713.24 lien transfer bond (if it so desired). <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> The more interesting question is whether the conditional assignment, by itself, creates enough of an “interest” to support the lender applying for a 713.24 lien transfer bond (admittedly hard to think of circumstances where this would occur in the real world).<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Michael R. Gibbons (<a target="_blank" href="http://lowndes-law.com/our-people/michael-r-gibbons"><span style="color:black">Bio</span></a>)<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><b><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Shareholder</span></b><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Lowndes, Drosdick, Doster, Kantor & Reed, P.A.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">215 N. Eola Drive<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Orlando, FL 32801<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Phone: 407-418-6378<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">Fax: 407-843-4444<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">email: <a target="_blank" href="mailto:michael.gibbons@lowndes-law.com"><span style="color:black">michael.gibbons@lowndes-law.com</span></a><o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green">website: <a target="_blank" href="http://www.lowndes-law.com/"><span style="color:black">http://www.lowndes-law.com</span></a><o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify;text-autospace:none"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;margin-bottom:12.0pt;text-align:justify;text-autospace:none"> <span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:green"> <img border="0" width="93" height="89" id="_x0000_i1046" src="cid:image001.jpg@01CE1905.1BA9B240" wbeuser="mromm@rommlaw.com"><o:p></o:p></span></div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Larry Leiby<br> <b>Sent:</b> Monday, March 04, 2013 5:43 PM<br> <b>To:</b> David C. Agee; Dan Vega; <a href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a>; <a href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>; <a href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>; <a href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>; <a href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Agreed. However if the lender signs as bond principal on a lien transfer bond purportedly under F.S. 713.24, the condition to payment under the bond (a form of contract) is proof of the statutory lien requirements, not priority. The lender wins the priority battle against the property in a foreclosure, but may be ordered to pay on the lien transfer bond that it voluntarily gave ostensibly under 713.24. <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">If the lender wishes to clear the title and transfer the lien from the property to allow transfer of the property at an early stage the lender might seek judicial authority to transfer the lien to a bond on motion where the bond would be sought to be conditioned on proof of priority, not under 713.24, and if the judge so permits. I would expect a lienor to defend such a motion as being without authority. Depending on the situation the court may or may not agree to such a bond by a lender. There is a non-discretionary obligation to transfer where the requirements of 713.24 are met (which a lender does not meet). <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A. <o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail: <a target="_blank" href="mailto:leiby@mkpalaw.com">leiby@mkpalaw.com</a><o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="_x0000_i1025" src="cid:image018.jpg@01CE1905.1A48E9C0" alt="Description: JAMSadr.com.jpg" wbeuser="mromm@rommlaw.com"><o:p></o:p></span></div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> David C. Agee [<a target="_blank" href="mailto:dagee@reidagee.com">mailto:dagee@reidagee.com</a>] <br> <b>Sent:</b> Monday, March 04, 2013 5:27 PM<br> <b>To:</b> Larry Leiby; Dan Vega; <a target="_blank" href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a>; <a target="_blank" href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com"> bkpa1@aol.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">When you say it doesn’t make practical sense, the lender’s priority can’t be affected by a lien that occurs later in the chain absent fraud or some other facts. The lender has a practical remedy, foreclose. <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">David C. Agee, Esquire<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"> <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">REID & AGEE, PLLC<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">RIGHT TITLE, LLC<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">3633 26th Street West<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Bradenton, FL 34205<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Tel 941.756.8791<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">Fax 941.755.7311<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">**********Ask us about Real Estate and Estate Planning**************<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">The information transmitted in this email, including any attachments, is from Reid & Agee, PLLC and is covered by the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521. 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Thank You.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D">IRS Circular 230 Disclosure: To the extent that this message or any attachment concerns tax matters, it is not intended to be used as or intended to constitute a "reliance opinion" under applicable Treasury Regulations, and accordingly this message or any attachment is not intended or written to be used, and may not be used or relied upon, for the purpose of (i) avoiding tax-related penalties that may be imposed by the Internal Revenue Service, or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein. Please be assured that this policy does not reflect any decrease in the quality of services or the amount of thought that we put in our correspondence.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.5pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Larry Leiby<br> <b>Sent:</b> Monday, March 04, 2013 3:53 PM<br> <b>To:</b> Dan Vega; <a target="_blank" href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a>; <a target="_blank" href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com"> bkpa1@aol.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?[Scanned]<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan,<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Did anyone ever say that it had to make practical sense? </span><span style="font-size:11.0pt;font-family:Wingdings;color:#1F497D">J</span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">It is written is what we can say about it. It also doesn’t make practical sense for a lender to transfer a lien and eliminate its priority position. <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Regards,<o:p></o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A. <o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail: <a target="_blank" href="mailto:leiby@mkpalaw.com">leiby@mkpalaw.com</a><o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="_x0000_i1026" src="cid:image018.jpg@01CE1905.1A48E9C0" alt="Description: JAMSadr.com.jpg" wbeuser="mromm@rommlaw.com"><o:p></o:p></span></div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Dan Vega [<a target="_blank" href="mailto:DVega@taylorvega.com">mailto:DVega@taylorvega.com</a>] <br> <b>Sent:</b> Monday, March 04, 2013 3:50 PM<br> <b>To:</b> Larry Leiby; 'fred.dudley@hklaw.com'; <a target="_blank" href="mailto:blc@kirwinnorris.com"> blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com"> hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Larry, so a subcontractor can transfer its supplier’s lien to a bond but not a mortgage holder? <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">This result does not make practical sense. <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Daniel R. Vega, Esq.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Board Certified in Construction Law<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Taylor Vega, P.A.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">2555 Ponce De Leon Blvd.</span><span lang="ES-DO" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">, Suite 220<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Coral Gables, Florida 33134<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Telephone: (305) 443-2043<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Facsimile: (305) 443-2048<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Cell: (305) 962-5186<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">E-mail: <a target="_blank" href="mailto:dvega@taylorvega.com"><span style="color:#1F497D">dvega@taylorvega.com</span></a><o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:black"><img border="0" width="202" height="35" id="_x0000_i1027" src="cid:image019.png@01CE1905.1A48E9C0" alt="cid:image001.png@01CD58FE.F1B30070" wbeuser="mromm@rommlaw.com"></span><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";font-variant:small-caps;color:white">TaegTayl</span><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"><o:p></o:p></span></div> </div> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="1229" style="width:922.1pt;background:#999999;border-collapse:collapse"> <tbody> <tr> <td width="1229" valign="top" style="width:922.1pt;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> <div class="MsoNormal" style="font-size:12pt;line-height:6.0pt;mso-line-height-rule:exactly"><span style="font-size:10.0pt;color:#1F497D"><o:p> </o:p></span></div> </td> </tr> </tbody> </table> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">The information contained in this email message is intended only for the personal and confidential use of the recipient(s) named above. This message may be an attorney-client communication and as such is privileged and confidential. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Larry Leiby [<a target="_blank" href="mailto:Leiby@mkpalaw.com">mailto:Leiby@mkpalaw.com</a>] <br> <b>Sent:</b> Monday, March 04, 2013 3:46 PM<br> <b>To:</b> Dan Vega; 'fred.dudley@hklaw.com'; <a target="_blank" href="mailto:blc@kirwinnorris.com"> blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com"> hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan, <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">The GC has an interest in the contract under which the lien is claimed, the other basis justifying transfer in 713.24.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Regards,<o:p></o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#215868">Larry R. Leiby, Esq.<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Malka & Kravitz, P.A. <o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">1300 Sawgrass Corp. Pkwy., Suite 100<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial","sans-serif";color:#1F497D">Ft. Lauderdale, FL 33323<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Phone: 954-514-0984<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Fax: 954-514-0985 e-mail: <a target="_blank" href="mailto:leiby@mkpalaw.com">leiby@mkpalaw.com</a><o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Board Certified in Construction Law<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fla. Supreme Court Certified Circuit Court Civil Mediator<o:p></o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, Leiby Alexander Brandt ADR Group, LLC<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Member, JAMS Global Engineering and Construction Panel <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D">Fellow, College of Commercial Arbitrators<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:11.0pt;font-family:"Arial Rounded MT Bold","sans-serif";color:#1F497D"><o:p> </o:p></span></b></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="_x0000_i1028" src="cid:image018.jpg@01CE1905.1A48E9C0" alt="Description: JAMSadr.com.jpg" wbeuser="mromm@rommlaw.com"><o:p></o:p></span></div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Dan Vega [<a target="_blank" href="mailto:DVega@taylorvega.com">mailto:DVega@taylorvega.com</a>] <br> <b>Sent:</b> Monday, March 04, 2013 3:44 PM<br> <b>To:</b> 'fred.dudley@hklaw.com'; <a target="_blank" href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com">bkpa1@aol.com</a>; Larry Leiby; <a target="_blank" href="mailto:hroberts@carltonfields.com"> hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> RE: [CLC-Discussion] Can a construction lender bond off a construction lien?<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I just read below and for what it is worth, if a GC can transfer a lien to a bond per 713.24, why would a lender not be able to do it?<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">GC’s transfer liens to bonds all of the time. Practically speaking, every decent owner/gc contract requires the gc to do so.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">It can hardly be argued that a GC has an “interest” in the property greater than a mortgage holder/lender. <o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Dan<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Daniel R. Vega, Esq.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Board Certified in Construction Law<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Taylor Vega, P.A.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">2555 Ponce De Leon Blvd.</span><span lang="ES-DO" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">, Suite 220<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Coral Gables, Florida 33134<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Telephone: (305) 443-2043<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Facsimile: (305) 443-2048<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">Cell: (305) 962-5186<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">E-mail: <a target="_blank" href="mailto:dvega@taylorvega.com"><span style="color:#1F497D">dvega@taylorvega.com</span></a><o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:black"><img border="0" width="202" height="35" id="_x0000_i1029" src="cid:image019.png@01CE1905.1A48E9C0" alt="cid:image001.png@01CD58FE.F1B30070" wbeuser="mromm@rommlaw.com"></span><span style="font-size:24.0pt;font-family:"Calibri","sans-serif";font-variant:small-caps;color:white">TaegTayl</span><span lang="IT" style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D"><o:p></o:p></span></div> </div> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="1229" style="width:922.1pt;background:#999999;border-collapse:collapse"> <tbody> <tr> <td width="1229" valign="top" style="width:922.1pt;border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt"> <div class="MsoNormal" style="font-size:12pt;line-height:6.0pt;mso-line-height-rule:exactly"><span style="font-size:10.0pt;color:#1F497D"><o:p> </o:p></span></div> </td> </tr> </tbody> </table> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:10.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div class="MsoNormal" style="font-size:12pt;text-align:justify"><span style="font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#1F497D">The information contained in this email message is intended only for the personal and confidential use of the recipient(s) named above. This message may be an attorney-client communication and as such is privileged and confidential. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.<o:p></o:p></span></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b><a target="_blank" href="mailto:fred.dudley@hklaw.com">fred.dudley@hklaw.com</a><br> <b>Sent:</b> Monday, March 04, 2013 3:15 PM<br> <b>To:</b> <a target="_blank" href="mailto:blc@kirwinnorris.com">blc@kirwinnorris.com</a>; <a target="_blank" href="mailto:bkpa1@aol.com"> bkpa1@aol.com</a>; <a target="_blank" href="mailto:Leiby@mkpalaw.com">Leiby@mkpalaw.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com"> hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?<o:p></o:p></span></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><o:p> </o:p></div> <div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">This is the statute that makes Florida a "lien theory" state rather than a "title theory" state like California. The lien (mortgage or construction) is NOT an interest in real property.</span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></div> <div> <div style="margin-top:3.0pt"> <div class="MsoNormal" style="font-size:12pt;line-height:15.75pt"><b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black">Frederick Dudley</span></b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"> | </span><b><span style="font-size:10.5pt;font-family:"Georgia","serif";color:#001A63">Holland & Knight</span></b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"><br> Board Certified Construction Lawyer<br> 315 South Calhoun Street, Suite 600 | Tallahassee FL 32301<br> Phone 850.425.5668 | Fax 850.224.8832 | Cell 850.294.3471<br> <a target="_blank" href="mailto:fred.dudley@hklaw.com"><span style="color:#002776;text-decoration:none">fred.dudley@hklaw.com</span></a> | <a target="_blank" href="http://www.hklaw.com/"><span style="color:#002776;text-decoration:none">www.hklaw.com</span></a> </span><o:p></o:p></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#BBBBBB">________________________________________________<br> </span><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#999999"><a target="_blank" href="http://www.hklaw.com/vcard.aspx?user=frdudley"><span style="color:#00A9E0;text-decoration:none">Add to address book</span></a></span><span style="font-size:8.5pt;font-family:"Calibri","sans-serif";color:#00A9E0"> | <a target="_blank" href="http://www.hklaw.com/id77/biosfrdudley"><span style="color:#00A9E0;text-decoration:none">View professional biography</span></a> </span><o:p></o:p></div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Bryan L. Capps<br> <b>Sent:</b> Monday, March 04, 2013 12:53 PM<br> <b>To:</b> Barry Kalmanson; <a target="_blank" href="mailto:Leiby@mkpalaw.com">Leiby@mkpalaw.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><o:p></o:p></div> </div> </div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"> <o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Just to kick this dead horse one more time, note that <a target="_blank" href="http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0600-0699/0697/Sections/0697.02.html"> Florida Statute Section 697.02</a> says, in its entirety, “Nature of a mortgage.—A mortgage shall be held to be a specific lien on the property therein described, and not a conveyance of the legal title or of the right of possession.” So, whether a lender has an interest in real property sufficient to support a transfer-of-lien bond is apparently not a function/subject of case law alone. Who knew.</span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Best regards.</span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Bryan Capps</span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"> </span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Barry Kalmanson<br> <b>Sent:</b> Wednesday, February 06, 2013 1:48 PM<br> <b>To:</b> <a target="_blank" href="mailto:Leiby@mkpalaw.com">Leiby@mkpalaw.com</a>; <a target="_blank" href="mailto:hroberts@carltonfields.com"> hroberts@carltonfields.com</a>; <a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org"> clc-discussion@lists.flabarrpptl.org</a><br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lenderbond off aconstruction lien?</span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"> <o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in"> <span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Maybe some legislative clarification is in order.</span><o:p></o:p></div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Barry Kalmanson<br> <a target="_blank" href="mailto:bkpa1@aol.com">bkpa1@aol.com</a></span><o:p></o:p></div> </div> <div class="MsoNormal" style="font-size:12pt;mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in"> <span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> <div> <div class="MsoNormal" style="font-size:12pt;mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.5in"> <span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">-----Original Message-----<br> From: Larry Leiby <<a target="_blank" href="mailto:Leiby@mkpalaw.com">Leiby@mkpalaw.com</a>><br> To: 'Roberts, Hardy L.' <<a target="_blank" href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a>>; 'Construction Law Discussion' <<a target="_blank" href="mailto:clc-discussion@lists.flabarrpptl.org">clc-discussion@lists.flabarrpptl.org</a>><br> Sent: Wed, Feb 6, 2013 11:27 am<br> Subject: Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><o:p></o:p></div> <div id="AOLMsgPart_3_2fe054e8-c48f-4d59-920f-c08999a2f5f4"> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">I agree with those who noted that a lender does not have an interest in property, instead it has a mortgage lien, and thus is not covered under 713.24. However that is the tip of the iceberg and begs the question.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">The concern that I have experienced is where the lender seeks to transfer the lien to bond but the bond form is not conditioned only on proving the lien claim it is also conditioned on proving priority. That is not what 713.24 is about, and the clerks aren’t real students of 713.24 as they have many duties. If that happens the lienor should challenge any certificate of transfer. </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">So a lender is a little nuts wanting to transfer a lien under 713.24 without added language (which would not meet the requirements of 713.24), because then the lienor need only prove its lien claim and the condition of the bond is performed where the principal and surety on the bond are on the hook (assuming they didn’t sneak in any added language to the 713.24 bond form). The lender loses its argument about the lien not having equity and being inferior to the mortgage by bonding it off and taking the property equity out of the equation. The lienor should be ecstatic about not being worried about the lender’s priority any more, but must watch carefully the language in the bond. If the lender is looking to clear title for some reason of its own, it should not be the principal on the bond – only someone with an interest. If the lender gets cute and adds language to the bond, we have some new issues to address, which I believe are not yet resolved. </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Thus if the lender uses a 713.24 bond to transfer it off, the question is: Is the lien really transferred off, or is the lien still there along with the bond because the lender cannot meet the requirements of 713.24 by not having an interest in the property? </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Larry R. Leiby, Esq.</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Malka & Kravitz, P.A. </span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">1300 Sawgrass Corp. Pkwy., Suite 100</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Ft. Lauderdale, FL 33323</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Phone: 954-514-0984</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fax: 954-514-0985 e-mail: <a target="_blank" href="mailto:leiby@mkpalaw.com">leiby@mkpalaw.com</a></span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Board Certified in Construction Law</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fla. Supreme Court Certified Circuit Court Civil Mediator</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Member, Leiby Alexander Brandt ADR Group, LLC</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Member, JAMS Global Engineering and Construction Panel </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Fellow, College of Commercial Arbitrators</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><img border="0" width="112" height="94" id="Picture_x0020_0" src="cid:image018.jpg@01CE1905.1A48E9C0" alt="Description: JAMSadr.com.jpg" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org?">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>John Campo<br> <b>Sent:</b> Tuesday, February 05, 2013 2:41 PM<br> <b>To:</b> 'Matthew Belcastro'; 'Raymond L. Robinson'; 'Gibbons, Michael'; 'Roberts, Hardy L.'; 'Construction Law Discussion'<br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><o:p></o:p></div> </div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-family:"Arial","sans-serif";color:black">As a practical matter, I would welcome a Lien Transfer Bond knowing that a pile of money is readily available for the taking should my client prevail on its lien. </span><o:p></o:p></div> </div> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061">John D. Campo, Esq.<br> Florida Bar Board Certified - Construction Law <br> <a target="_blank" href="mailto:john@npw-law.com">john@npw-law.com</a></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:8.0pt;font-family:"Arial","sans-serif";color:#244061"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061">Niesen|Price|Worthy|Campo|Blakey, PA<br> 5216 SW 91st Drive Gainesville, FL 32608<br> Ph (352) 373-9031 Fax (352) 373-9099</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#244061"><a href="http://npw-law.com/" target="_blank">http://npw-law.com</a></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><img border="0" width="85" height="68" id="_x0000_i1031" src="cid:image020.jpg@01CE1905.1A48E9C0" alt="NPW_Logo_Solid_small" wbeuser="mromm@rommlaw.com"> <img border="0" width="54" height="70" id="_x0000_i1032" src="cid:image021.jpg@01CE1905.1A48E9C0" alt="certification logo half size" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#244061">This communication is intended for the sole use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this communication is not the intended recipient, employee or agent responsible for delivering the message to the intended recipient, you are hereby notified that any review, dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please immediately notify me by telephone, delete this communication, and destroy any copies of it. Thank you.</span><o:p></o:p></div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org?">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Matthew Belcastro<br> <b>Sent:</b> Tuesday, February 05, 2013 2:16 PM<br> <b>To:</b> Raymond L. Robinson; Gibbons, Michael; Roberts, Hardy L.; Construction Law Discussion<br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><o:p></o:p></div> </div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">I'm not sure I understand why the construction lender wants to bond off the lien? Are they trying to convert to permanent financing and unable as a result of the construction lien? </span><o:p></o:p></div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><br> <br> <br> <strong><span style="font-family:"Arial","sans-serif"">Matthew Belcastro</span></strong><br> Attorney at Law<br> Henderson, Franklin, Starnes & Holt, P.A.<br> 1715 Monroe Street<br> P.O. Box 280<br> Fort Myers, FL 33902<br> Direct Dial: 239.344.1205<br> Direct Fax: 239.344.1524<br> <a target="_blank" href="mailto:Matthew.Belcastro@henlaw.com">Matthew.Belcastro@henlaw.com</a><br> <a href="http://www.henlaw.com/" target="_blank">www.henlaw.com</a><br> </span><!--[if !vml]--><img width="265" height="55" src="cid:image022.jpg@01CE1905.1A48E9C0" align="left" v:shapes="_x0000_s1026" wbeuser="mromm@rommlaw.com"><!--[endif]--><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div style="margin-left:.5in"> <div class="MsoNormal" align="center" style="font-size:12pt;text-align:center"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <hr size="2" width="100%" align="center"> </span></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">CONFIDENTIALITY STATEMENT</span></strong><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Henderson, Franklin, Starnes & Holt, P.A.</span><o:p></o:p></div> </div> <div style="margin-bottom:12.0pt"> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">The information contained in this transmission may contain privileged and confidential information. It is intended only for the use of the person(s) named above. If you are not the intended recipient, you are hereby notified that any review, dissemination, distribution or duplication of this communication is strictly prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message.<br> <br> To reply to our e-mail administrator directly, please send an e-mail to <a target="_blank" href="mailto:administrator@henlaw.com"> administrator@henlaw.com</a><br> <br> IRS CIRCULAR 230 NOTICE: Pursuant to Treasury Department Circular 230, this is to advise you unless we otherwise expressly state in writing, e-mail communications, including all attachments, from this firm are not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties. If you wish to engage this firm to provide formal written advice as to federal or state tax issues, please contact the sender.</span><o:p></o:p></div> </div> <blockquote style="margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt"> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div style="margin-bottom:12.0pt"> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">-----Original Message-----<br> <b>From:</b> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Raymond L. Robinson<br> <b>Sent:</b> Tuesday, February 05, 2013 2:02 PM<br> <b>To:</b> Gibbons, Michael; Roberts, Hardy L.; Construction Law Discussion<br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off aconstruction lien?</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">One could make the argument that Florida is considered a “lien” state and case law has held that a mortgage is not a transfer of “interest” in real property and therefore does not need two subscribing witnesses. Good question though. Let me know if you find the answer.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><b><i><span style="font-family:"Arial","sans-serif";color:black">Raymond L. Robinson, Esq.</span></i></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><i><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> Office: (305) 662-7618 </span></i></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><i><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> Cell: (305) 632-4384</span></i></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><i><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <a href="http://www.rrobinsonlaw.com/" target="_blank"><span style="color:#1F497D">http://www.rrobinsonlaw.com/</span></a> </span></i></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><i><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span></i></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><img border="0" width="252" height="72" id="_x0000_i1034" src="cid:image023.png@01CE1905.1A48E9C0" alt="cid:image002.png@01CB0330.4CD28650" wbeuser="mromm@rommlaw.com"><img border="0" width="611" height="57" id="Picture_x0020_2" src="cid:image024.jpg@01CE1905.1A48E9C0" alt="LH Address Line" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> <img border="0" width="120" height="169" id="Picture_x0020_3" src="cid:image025.jpg@01CE1905.1A48E9C0" alt="http://www.floridabar.org/TFB/TFBResources.nsf/Attachments/E9FCC9C6B2384C36852574FA00690DDC/$FILE/ConstructionLaw.jpg?OpenElement" wbeuser="mromm@rommlaw.com"> <img border="0" width="132" height="168" id="Picture_x0020_4" src="cid:image026.jpg@01CE1905.1A48E9C0" alt="cid:image001.jpg@01CC7158.CF9B3D60" wbeuser="mromm@rommlaw.com"> <img border="0" width="181" height="65" id="il_fi" src="cid:image027.jpg@01CE1905.1A48E9C0" alt="http://www.jbslawoffice.com/wp-content/uploads/2010/09/SuperLawyers_logo_2011.jpg" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:7.5pt;font-family:"Arial","sans-serif";color:black">* CONFIDENTIALITY NOTICE: This e-mail message, including attachments, if any, is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail, destroy all copies of the original message, and do not disseminate it further. If you are the intended recipient but do not wish to receive communications through this medium, please advise the sender immediately.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Connect with Robinson & Associates, P.A.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><a href="http://www.facebook.com/pages/Robinson-Associates-PA/113822315326716?v=info" target="_blank"><span style="color:#1F497D;text-decoration:none"><img border="0" width="32" height="32" id="Picture_x0020_6" src="cid:image028.png@01CE1905.1A48E9C0" alt="Description: facebook 4040" wbeuser="mromm@rommlaw.com"></span></a> <a href="http://www.linkedin.com/pub/raymond-robinson/26/35b/a09" target="_blank"><span style="color:black;text-decoration:none"><img border="0" width="32" height="34" id="Picture_x0020_10" src="cid:image029.png@01CE1905.1A48E9C0" alt="http://ahaa.org/img/linkedin-icon.png" wbeuser="mromm@rommlaw.com"></span></a></span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><img border="0" width="109" height="99" id="Picture_x0020_8" src="cid:image030.png@01CE1905.1A48E9C0" alt="qrcode.1344014[1]" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Gibbons, Michael<br> <b>Sent:</b> Tuesday, February 05, 2013 12:19 PM<br> <b>To:</b> 'Roberts, Hardy L.'; 'Construction Law Discussion'<br> <b>Subject:</b> Re: [CLC-Discussion] Can a construction lender bond off a construction lien?</span><o:p></o:p></div> </div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div style="margin-bottom:12.0pt"> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Yes. The lender has “an interest” via its mortgage in the real property on which the lien is imposed.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Michael R. Gibbons (<a href="http://lowndes-law.com/our-people/michael-r-gibbons" target="_blank"><span style="color:black">Bio</span></a>)</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Shareholder</span></b><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Lowndes, Drosdick, Doster, Kantor & Reed, P.A.</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">215 N. Eola Drive</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Orlando, FL 32801</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Phone: 407-418-6378</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">Fax: 407-843-4444</span><o:p></o:p></div> </div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in;text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">email: <a target="_blank" href="mailto:michael.gibbons@lowndes-law.com"><span style="color:black">michael.gibbons@lowndes-law.com</span></a></span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in;text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green">website: <a href="http://www.lowndes-law.com/" target="_blank"><span style="color:black">http://www.lowndes-law.com</span></a></span><o:p></o:p></div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in;text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green"> </span><o:p></o:p></div> <div style="margin-bottom:12.0pt"> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in;text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:green"> <img border="0" width="93" height="89" id="Picture_x0020_1" src="cid:image031.jpg@01CE1905.1A48E9C0" wbeuser="mromm@rommlaw.com"></span><o:p></o:p></div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"> </span><o:p></o:p></div> </div> <div> <div style="border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in"> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">clc-discussion-bounces@lists.flabarrpptl.org</a> [<a target="_blank" href="mailto:clc-discussion-bounces@lists.flabarrpptl.org">mailto:clc-discussion-bounces@lists.flabarrpptl.org</a>] <b>On Behalf Of </b>Roberts, Hardy L.<br> <b>Sent:</b> Tuesday, February 05, 2013 11:55 AM<br> <b>To:</b> 'Construction Law Discussion'<br> <b>Subject:</b> [CLC-Discussion] Can a construction lender bond off a construction lien?</span><o:p></o:p></div> </div> </div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">Anyone have any thoughts on this?</span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> </span><o:p></o:p></div> </div> <div> <div class="MsoNormal" style="font-size:12pt;margin-left:.5in"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><img border="0" width="190" height="53" id="_x0000_i1043" src="cid:image032.png@01CE1905.1A48E9C0" alt="Carlton Fields" wbeuser="mromm@rommlaw.com"><br> Hardy L. Roberts</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"><br> Attorney at Law / Board Certified in Construction Law by the Florida Bar<br> 4221 W. Boy Scout Blvd., Ste. 1000<br> Tampa, Florida 33607-5780 <br> Direct: 813.229.4105 | Fax: 813.229.4133<br> <br> <a target="_blank" href="mailto:hroberts@carltonfields.com">hroberts@carltonfields.com</a> | <a href="http://www.carltonfields.com/" target="_blank">www.carltonfields.com</a> <br> <a href="http://www.carltonfields.com/hroberts/" target="_blank">bio</a> | <a href="http://www.carltonfields.com/load.vcf?type=atty&id=49fd8f5b-3f72-45c2-9ca7-83799b9c8b29" target="_blank"> vcard</a> <br> <br> <i>Confidential: This e-mail contains a communication protected by the attorney-client privilege or constitutes work product. 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[v4.30] </span><o:p></o:p></div> </div> </blockquote> </div> </div> <div id="AOLMsgPart_18_2fe054e8-c48f-4d59-920f-c08999a2f5f4"> <divre style="margin-left:.5in;background:white"><tt><span style="color:black">_______________________________________________</span></tt><o:p></o:p></pre> <pre style="margin-left:.5in;background:white"><tt><span style="color:black">CLC-Discussion mailing list</span></tt><o:p></o:p></pre> <pre style="margin-left:.5in;background:white"><tt><span style="color:black"><a target="_blank" href="mailto:CLC-Discussion@lists.flabarrpptl.org">CLC-Discussion@lists.flabarrpptl.org</a></span></tt><o:p></o:p></pre> <pre style="margin-left:.5in;background:white"><tt><span style="color:black"><a href="http://mailman.fsr.com/mailman/listinfo/clc-discussion" target="_blank">http://mailman.fsr.com/mailman/listinfo/clc-discussion</a></span></tt><o:p></o:p></pre> </div> </div> </div> <p class="MsoNormal"><b><o:p> </o:p></b></div> <div class="MsoNormal" align="center" style="font-size:12pt;text-align:center"><b> <hr size="2" width="100%" align="center"> </b></div> <div class="MsoNormal" style="font-size:12pt;margin-bottom:12.0pt"><b><span style="font-family:"Arial","sans-serif";color:black"><br> ****<u>IRS CIRCULAR 230 DISCLOSURE</u>: TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE IRS, WE INFORM YOU THAT ANY TAX ADVICE CONTAINED IN THIS COMMUNICATION (INCLUDING ANY ATTACHMENTS) IS NOT INTENDED OR WRITTEN BY HOLLAND & KNIGHT LLP TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING TAX-RELATED PENALTIES UNDER THE INTERNAL REVENUE CODE, OR (II) PROMOTING, MARKETING, OR RECOMMENDING TO ANOTHER PARTY ANY TAX-RELATED MATTER HEREIN.****</span></b><o:p></o:p></div> <div class="MsoNormal" align="center" style="font-size:12pt;text-align:center"> <hr size="2" width="100%" align="center"> </div> <div class="MsoNormal" style="font-size:12pt;"><span style="font-size:7.5pt;font-family:"Verdana","sans-serif";color:black"><br> NOTE: This e-mail is from a law firm, Holland & Knight LLP (“H&K”), and is intended solely for the use of the individual(s) to whom it is addressed. If you believe you received this e-mail in error, please notify the sender immediately, delete the e-mail from your computer and do not copy or disclose it to anyone else. If you are not an existing client of H&K, do not construe anything in this e-mail to make you a client unless it contains a specific statement to that effect and do not disclose anything to H&K in reply that you expect it to hold in confidence. If you properly received this e-mail as a client, co-counsel or retained expert of H&K, you should maintain its contents in confidence in order to preserve the attorney-client or work product privilege that may be available to protect confidentiality.</span><o:p></o:p></div> </div> <br> <br> <div style="font-size:12px"> <b>Notice of Confidentiality:</b> This e-mail communication and the attachment(s) hereto, if any, are intended solely for the information and use of the addressee(s) identified above and may contain information which is legally privileged from disclosure and/or otherwise confidential. If a recipient of this e-mail communication is not an addressee (or an authorized representative of an addressee), such recipient is hereby advised that any review, disclosure, reproduction, re-transmission or other dissemination or use of this e-mail communication (or any information contained herein) is strictly prohibited. If you are not an addressee and have received this e-mail communication in error, please advise the sender of that circumstance either by reply e-mail or by telephone at (800) 356-6818, immediately delete this e-mail communication from any computer and destroy all physical copies of same. <br><br> <b>Replies Filtered:</b> Any incoming reply to this e-mail communication or other e-mail communication to us will be electronically filtered for "spam" and/or "viruses." That filtering process may result in such reply or other e-mail communications to us being quarantined (i.e., potentially not received at our site at all) and/or delayed in reaching us. For that reason, we cannot guarantee that we will receive your reply or other e-mail communications to us and/or that we will receive the same in a timely manner. Accordingly, you should consider sending communications to us which are particularly important or time-sensitive by means other than e-mail. <br><br> <b>Notice Under U.S. Treasury Department Circular 230:</b> To the extent that this e-mail communication and the attachment(s) hereto, if any, may contain written advice concerning or relating to a Federal (U.S.) tax issue, United States Treasury Department Regulations (Circular 230) require that we (and we do hereby) advise and disclose to you that, unless we expressly state otherwise in writing, such tax advice is not written or intended to be used, and cannot be used by you (the addressee), or other person(s), for purposes of (1) avoiding penalties imposed under the United States Internal Revenue Code or (2) promoting, marketing or recommending to any other person(s) the (or any of the) transaction(s) or matter(s) addressed, discussed or referenced herein. Each taxpayer should seek advice from an independent tax advisor with respect to any Federal tax issue(s), transaction(s) or matter(s) addressed, discussed or referenced herein based upon his, her or its particular circumstances. [v4.30] </div> <hr>_______________________________________________<br>
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