To: jeevacation@gmail.com[jeevacation@gmail.com]

From:

Sent: Mon 4/26/2010 3:34:46 PM

Subject: actually its part of a $600 million loc

## JPMorgan Chase extends Henry Kravis $62,000,000 mortgage

Henry Kravis has some spare change, made a little history and you might want to find out the name ofhis property appraiser. In what may become known as the largest residential mortgage in the history ofPalm Beach. Mr. K's 700 North Lake Way LLC, the owner of record for his more than live-acre lakefront Palm Beach estate, has been extended a $62,000,000 mortgage as part of what reads like a much greater revolving mange de credit from JPMorgan Chase, according to recent Palm Beach county court filings. Appearing to have completed their renovation magnifique of 700 North Lake Way, Henry and Marie-Josee Kravis had purchased the landmarked house in 2006 for $50 million, now currently assessed and appraised for $43.7 million by the county's property appraiser. Mr. Kravis is ranked No. 201 on the Forbes 2010 B-list. Just a few blocks south at the slightly more economical 410 North Lake Way, US Marshal's are still waiting for $7.25 million for the former Medoff maison de plaisance.

The mortgage agreement itself is more than 50 pages long. Clemmer said it gets really interesting around about page 4. I looked at page 4 and almost fell asleep (see for yourself above). You had to be there (with Clemmer explaining).

The image shows a gray background with two diagonal lines intersecting in the center, creating four triangular regions. The upper and left triangles are denser than the lower triangle, which has a coarser pattern.

## JPMorgan Chase extends Henry Kravis $62,000,000 mortgage (cont.)

Page four of the $62.000.000 mortgage.