HomeMy WebLinkAboutC-3082(BB) - Assignment of Agreement for Non-Standard Street Improvements Tract Nos. 11449, 11450, and 11451eo(
( RECORDED AT THE REQUEST OF AND
WHEN RECORDED RETURN TO:
0
Kent G. Snyder
Attorney at Law
2212 Dupont Drive
Irvine, .CA. 92715
( .1
82-42712J
$ 6.00
Recorded at the request of
FIRST AMER. TITLE INS. CO.
"1 DEC 71982
A.M.
Official Records
Orange County. California
Recorder
ASSIGNMENT
OF
AGREEMENT FOR NON-STANDARD STREET IMPROVEMENTS
TRACT NOS. 11449, 11450 and 11451
THIS ASSIGNMENT OF AGREEMENT FOR NON-STANDARD STREET
IMPROVEMENTS is entered this
25
day of 1\Aovern er
1982, by and between J.M. PETERS COMPANY, INC., a California
corporation ("Assignor"), and BELCOURT MASTER ASSOCIATION, a
California nonprofit benefit corporation ("Assignee").
RECITAL S:
A. Assignor entered into a written "Agreement for
Non -Standard Street Improvements Tract Nos. 11449, 11450 and
11451" dated September 29, 1982, with the City of Newport
Beach, a municipal corporation.
B. The Agreement for Non -Standard Street Improvements
was recorded on October 7, 1982, as Instrument No. 82-353892
in the Official Records of Orange County, California.
C. Assignor desires by this Assignment to assign all
of its rights and obligations under said Agreement for Non -Standard
Street Improvements to Assignee subject to all of the terms and
conditions thereof.
D. Paragraph 4 of the Agreement for Non -Standard
Street Improvements permits Assignor to assign its rights and
obligations thereunder, without the consent of the City of
Newport Beach being required, to a community association respon-
sible for the maintenance of the adjacent private streets and
upon such Assignment, Assignor is automatically relieved of any
further obligations thereunder to the City of Newport Beach.
n2-4271 n
NOW, THEREFORE, the parties hereto agree as follows:
1. Assignor. hereby assigns to Assignee all of
Assignor's rights and obligations under said Agreement for Non -
Standard Street Improvements effective as of the date hereof.
2. Assignee assumes and agrees to be bound by and
perform all covenants, conditions, obligations and duties of
Assignor under the Agreement for Non -Standard Street Improvements
effective as of the date hereof as if Assignee were the original
party to the Agreement, and Assignee agrees to hold Assignor
free and harmless from any further liability, of any kind or
nature whatsoever, arising out of said Agreement.
3. This Assignment contains all of the agreements of
the parties hereto with respect to the matters contained herein,
and no prior agreement, arrangement or understanding pertaining
to any such matters shall be effective for any purpose.
IN WITNESS WHEREOF, the parties hereto have executed
this Assignment on the date first above written.
ASSIGNOR:
J.M. PETERS COMPANY, INC.,
a •al fornia corporation
, President
By
ELCOURT MASTER ASSOCIATION
a California nonprofit benefit
corporation
By
By
obeit J. .p, President
Totn Hover, Secretary
•
82-427123
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
On
November 29
ss.
, 1982, before me, the undersigned,
a Notary Public in and for said State, personally appeared
James M. Peters
President,
and James B. Fleig , known to me to be the Secretary
of the corporation that executed the within Instrument, known
to me to be the persons who executed the within Instrument on
behalf of the corporation therein named, and acknowledged to me
that such corporation executed the within instrument pursuant
to its By -Laws or a resolution of its Board of Directors.
WITNESS my hand and official seal.
, known to me to be the
=! \LI: ;'i�'Lyr; C. Y!'16 r St,iJ
Exp. :.sett
STATE OF CALIFORNIA
ss.
COUNTY OF ORANGE
On November 29
a Notary Public in and for said State, personally appeared
, known to me to be the
6/Notary tublic
Robert J. Trapp
, 1982, before me, the undersigned,
President,
and Tom Hover , known to me to be the Secretary
of the corporation that executed the within Instrument, known to me
to be the persons who executed the within Instrument on behalf of
the corporation therein named, and acknowledged to me that
such corporation executed the within instrument pursuant to its
By -Laws or a resolution of its Board of Directors.
WITNESS my hand and official seal.
otary Public
-3-