HomeMy WebLinkAboutC-7202-4 - Beacon Bay, 25 - MOL 2003RECORDING REQUESTED BY:
CALIFORNIA TITLE COMPANY
RECORDING REQUESTED BY
AND WHEN RECORDED RETURN TO:
City Manager's Office
City of Newport Beach
3300 Newport Boulevard
Newport Beach, CA 92663
This Document was electronically recorded by
Cal Title MV
Recorded in Official Records, County of Orange
Tom Daly, Clerk -Recorder
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2003000650973 03:55pm 06/04/03
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MEMORANDUM OF LEASE
7
THIS MEMORANDUM OF LEASE is made and entered into by and between THE CITY
OF NEWPORT BEACH, a chartered municipal corporation, herein called "Lessor", and
SEAN A. SHEWARD and LEANNE C. SHEWARD, Trustees of The Sheward Living
Trust established October 8, 2002, herein called "Lessee", to witness that:
Lessor hereby leases to Lessee, commencing on lix y, Z003 and ending on
July 1, 2044, on the terms and conditions set forth in that certain lease by and between
the parties hereto dated Jura 4, zDo3 all the terms and conditions of which
lease are made a part hereof as though fully set forth herein, all those certain premises
010 in the County of Orange, State of California, described as follows:
9
9 Lot 25 as shown on the map filed in Book 9, Pages 42 and 43 of Record of
(y) Surveys, in the Office of the County Recorder, County of Orange, State of California.
EXECUTED on J-, Z 2003, at Newport Beach, Orange County,
California.
NO DOCUMENTARY TRANSFER
TAX DUE. SAID LEASE IS FOR
LESS THAN 99 YEARS.
CITY CLERK
APPROVED AS TO FORM
CITY ATTORNEY
I11111CM061Z
THE CITY OF NEWPORT BEACH
W. -.,,/ .
CITY MANAGE
EAKHEWARD, TRUSTEEess :
C.
Lessee: L ANNE C. S EWARD, TRUSTEE
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of
bran ss.
On J�ii�ei ) W05 , before me, tom.( land 1. E2��I�t7 �t Qir� Y90�/
Dat � , ,�,.I N me `an� Title of Officer'1( ,,��g..'Jane Doe, otary Public')
personally appeared hVirra . ��W N` ar�-v%
a
LEILANI I. BROWN
Commission01336873 z
Notary Public- California
Orange County
My Comm. Expl as Jan 25, 2008
impersonally known to me
L proved to me on the basis of satisfactory
evidence
to be the person0whose namts 4e/are
subscribed to the within instrument and
acknowledged to me that I;abl /they executed
the sam in bteNherrrtheir authorized
capacity les , and that by hk4hvMheir
signatur s on the instrument the person
the entity upon behalf of which the perso (s
acted, executed the instrument.
WITNESS my hand and official seal.
Place Notary Seal Above Signature of Notary Public
OPTIONAL
Though the information below is not required by law, it may prove valuable to persons relying on the document
and could prevent fraudulent removal and reattachment of this form to another document.
Description of Attached Document
Title or Type of Document:
Document Date: Number of Pages
Signers) Other Than Named Above:
Capacity(ies) Claimed by Signer
Signer's Name:
❑ Individual
Top of thumb here
❑ Corporate Officer — Title(s):
❑ Partner —❑ Limited L. General
❑ Attorney in Fact
❑ Trustee
❑ Guardian or Conservator
❑ Other:
Signer Is Representing:
01999 National Notary Association • 9350 De Soto Ave.. P.O. Bax 2402 • Chatswobb, CA 913132402 •—nmenalnolary.or9 Peel, No. 5907 Reorder'. Call Toll Free 1 80081
CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT
STATE OF CALIFORNIA )SS
COUNTY OF f avn!)-C )
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) lVare subscribed to the within instrument
and acknowledged to me that hehhe/trey executed the same in IlWher/their authorized capacity(ies) and that by his/her/their signature(s) on the instrument
the person(s) or the entityu ehalf of which the person(s) acted, executed the instrument.
WITNES111y an an od f trcial sea HILARY VERNOR
Commission # 1331312
z
Signature �Notary Public - California �
Orange County [
OOMYCOM.rrExpires Nov 20, 2005/
This area for
OPTIONAL SECTION
CAPACITY CLAIMED BY SIGNER /
Though statute does not require the Notary to fill in the data below, doing so may prove invaluable to ons relying on the
document.
[ ] INDIVIDUAL
] CORPORATE OFFICER(S)
[ ] PARTNER(S) - [ ] LIMITED [ ] GENERAL
[ ] ATTORNEY-IN-FACT
] TRUSTEE(S)
] GUARDIAN/CONSERVATOR
] OTHER
SIGNER IS REPRESENTIN(
e of Person or Entity
Name of Person or Entity
OPTIONAL SECTION
Though the date requested here is not required by law, it could prevent fraudulent reattachment of this form.
THIS CERTIFICATE MUST BE ATTACHED TO THE
TITLE OR TYPE OF DOCUMENT: V I l 'P__D M(y_ u y l UWA VVj V
NUMBER OF PAGES \ I DATE OF DOCUMENT.
SIGNER(S) OTHER THAN NAMED
BELOW
L S/ s 7
Exhibit '
Lot 25 as shown on the map filed in book 9, page 42 and 43 of record of surveys, in the office of the county recorder, County of
Orange, State of California.
BRADLEY L. JACOBS - COUNTY ASSESSOR
COUNTY OF ORANGE
P.O. BOX 1948, SANTA ANA, CA 92702
Escrow: 2 -4396 -DJ
PRELIMINARY CHANGE OF OWNERSHIP REPORT
THIS REPORT IS NOT A PUBLIC DOCUMENT
(To be completed by transferee (buyer prior to transfer of subject property in accordance with Section 480.3 of the Revenue and Taxation Code.)
This report is not a public document.
SELLER/TRANSFEROR: T
the Constance S. Sammnis Trust established June 15, 1981
/ A. / C.
BUYER/TRANSFEREE: Sean Sheward Leanne Sheward , Trustees of The
Sheward Living Trust established October 8, 2002
ASSESSOR'S PARCEL NUMBER(S): and,(if applicable)
LEGAL DESCRIPTION: LOT: 25 TRACT:
PROPERTY ADDRESS: OR LOCATION: 25 Beacon Bay
Newport Beach, CA 92660
Mail Tax Information To: (Name): ler Sheward
(Address): Beacon Bay
Newport Beach, CA 92660
FOR RECORDER'S USE ONLY
FOR ASSESSOR'S USE ONLY
CLUSTER
Oct OC2
DT INT
RC SP$
DTT$ #PCL
A preliminary Change of Ownership Report must be filed
with each conveyance in the County Recorder's office
for the county where the property is located; this
particular form may be used in all counties of 58
California.
The property which you acquired may be subject to a supplemental assessment in an amount to be determined by the Orange County Assessor. For further
information on your supplemental tax roll obligation, please call the Orange County Assessor at (714) 834-5031.
PART I: TRANSFER INFORMATION Please answer all questions
[ ]Yes
[ ]No
A.
Is this transfer solely between husband and wife? (addition of a spouse, death of a spouse, divorce settlement, etc.)
[ ]Yes
[ ]No
B.
Is this transaction only a correction of the name(s) of the person(s) holding title to the property?
(For example,a name change upon marriage.)
[ ]Yes
[X ]No
C.
Is this document recorded to create, terminate, or reconvey a lender's interest in the property?
[ ]Yes
M ]No
D.
Is this transaction recorded only to create, terminate, or reconvey a security interest (e.g. consigner)?
[ ]Yes
[b[]No
E.
Is this document recorded to substitute a trustee under a deed of trust, mortgage, or similar document?
[ ]Yes
[CK]No
F.
Did this transfer result in the creation of a joint tenancy in which the seller (transferor) remains as one of the joint tenants?
[ ]Yes
[a]No
G.
Does this transfer return property to the person who created the joint tenancy (original transferor)?
H.
Is this transfer of property:
[ ]Yes
[X]No
1. to a trust for the benefit of the grantor, or grantor's spouse?
[ ]Yes
Yes
[OL ]No
)
2. to a trust revocable by the transferor?
3.
[
[ ]No
to a trust from which the property reverts to the grantor within 12 years?
.UWYes
[DC]No
I.
If this property is subject to a lease, is the remaining lease term 35 years or more including written options:
]Yes
[ %<No
J.
Is this a transfer from parents to children or from children to parents?
[ ]Yes
[ —'gNo
K.
Is this transaction to replace a principal residence by a person 55 years of age or older?
[ ]Yes
[�I-]No
L.
Is this transaction to replace principal residence by a person who is severely disabled as claimed by Revenue and Taxation Code
Section 69.5?
If you checked yes to J, K, or L, an applicable claim form must be filed with the County Assessor.
Please provide any other information that would help the Assessor to understand the nature of the transfer.
IF YOU HAVE ANSWERED "YES" TO ANY OF THE ABOVEpUESTIONS EXCEPT J, K, OR L, PLEASE SIGN
AND DATE, OTHERWISE COMPLETE BALANCE OF THE FORM.
PART H: OTHER TRANSFER INFORMATION
A. Date of transfer if other than recording date:
B. Type of transfer. Please check appropriate item.
[_'4Purclhase [ ]Foreclosure [ ]Gift [ ]Trade or Exchange [ ]Merger, Stock, or Partnership Acquisition
[ ]Contract of Sale - Date of Contract
[ ]Inheritance - Date of Death [ ] Other (please e
[ ]Creation of a Lease [ ] Assignment of a Lease [ ]Termination of a Lease
Date Lease Began
Original term in years (including written options)
Remaining term in years (including written options)
C. Was only a partial interest in the property transferred? [ ]Yes PTN. If —'Yee nulm
AS-SV25 SBE -ASD AH 502-A FRONT 1-8-92
transferred: %
PRELIMINARY CHANGE OF OWNERSHIP REPORT Escrow: 2 -4396 -DJ
Please answer, to the best of your knowledge, all applicable questions, sign and date. If a question does not apply, indicate with 'N/A'.
PART III: PURCHASE PRICE & TERMS OF SALE ^ _ I `.2
A. CASH DOWN PAYMENT or Value of Trade or Exchange (excluding closing cost) Amount $ 'udv I , -
B. FIRST DEED OF TRUST ®K0�.� % Interest for years. Payments/Mo. =$ 2.iZ�i3 (Prin. &Int.) Amount $ /7S�ae1% /
FHA I
[ ]
[ J Fixed Rate
[Xj New Loan
( ] Conventional
Ice] Variable Rate
[ J Assumed Existing Loan Balance
[ ] VA
[ ] All Inclusive D.T. $ Wrapped)
[ ] Bank or Savings & Loan
[ ) Cal -Vet
[ IL C fried by Seller
[ ] Finance Company
Balloon Payment [ ] Yes [ >Q No Due Date Iry w53
Amount 4n g a W
C. SECOND DEED OF TRUST �.'!.�
®
% Interest for Ta ears. Pa mens/Mo.=$
y y
-706 (Priv. & Int.) Amount $
[ J Bank or Savings & Loan
[ ] Fixed Rate
_
[ ] New Loan l(/
[ ] Loan Carried by Seller
[k] Variable 4te
[ ] Assumed Existing Loan Balance
Balloon Payment [ Yes [ 7 No
Due Date 'LA33
Amount $TiN 6,010
D. OTHER FINANCING - Is other financing
involved not covered in (B) and (C) above? [
] Yes [ ] No Amount $
Type ®% Interest for
_years. Payments/Mo. _$
(Prin. & Int. only)
[ ] Bank or Savings & Loan
[ ] Fixed Rate
[ ] New Loan
[ ] Loan Carried by Seller
[ ] Variable Rate
[ ] Assumed Existing Loan Balance
Balloon Payment[ ] Yes [ ] No
Due Date
Amount $
E. IMPROVEMENT BOND [ ] Yes [ ] No Outstanding Balance: Amount $
F. TOTAL PURCHASE PRICE (or acquisition price, if traded or exchanged, include real estate commission if paid). ^ �
Total Items A through E
G. PROPERTY PURCHASED: 14 Through a broker: [ ] Direct from seller: [ ]Other
If purchased through a broker, provide broker's name and phone no.:—t154h- [./ WS", 1 [°Y Z 4i0 I
Please explain any special terms or financing and any other information that wou� elt�se sor understand purchase price and terms of sale.
PART IV: PROPERTY INFORMATION /
A. IS PERSONAL PROPERTY INCLUDED IN PURCHASE PRICE (other than a mobilehome subject to local property tax)? [�(]Yes [ ] No
If 'Yes', enter the value of the personal property included in the purchase price $ f,60. 0 10 (Attach itemized list of personal property). / f's'-t 30✓
B. IS THIS PROPERTY INTENDED AS YOUR PRINCIPAL RESIDENCE? [)C] Yes [ ] No
If 'Yes', enter date of occupancy / 20_ or intended occupancy �% / 2.7 20_0
month day month day
C. TYPE OF PROPERTY TRANSFERRED:
[x] Single -Family Residence [ ] Agricultural [ ] Timeshare
[ ] Multiple -family residence (no. of Units:_) [ ] Co-op/Own-your-own [ ] Mobilehome
[ ) Commercial/Industrial [4 Condominium [ ] Unimproved lot
[ ] Other (Description:
D. DOES THE PROPERTY PRODUCE INCOME? (Yes ( )No
E. IF THE ANSWER TO QUESTION 'D' IS YES, IS THE INCOME FROM:
[ Lease/Rem [ ] Contract [ ] Mineral Rights [ ] Other -explain
F. WHAT WAS THE CONDITION OF PROPERTY AT THE TIME OF SALE? [ ] Good A Average [ ] Fav [ ] Poor
Enter here, or on an attached sheet, any other information that would assist the Assessor in determining value of the property such as the physical condition of the
property, restrictions, etc.
l\ 1 certify e,0
r going is true,
Signed �I
Please Print Name of
Officer
correct and complete to the best of my knowledge al elief.
Date a{
Phone Number where you are available from 8:00 a.m. - 5:00 p.m. (
(NOTE: The Assessor may contact you for further information)
IF A DOCUMENT EVIDENCING A CHANGE OF OWNERSHIP IS PRESENTED TO THE RECORDER FOR RECORDATION WITHOUT THE CONCURRENT
FILING OF A PRELIMINARY CHANGE OF OWNERSHIP REPORT, THE RECORDER MAY CHARGE AN ADDITIONAL RECORDING FEE OF TWENTY
DOLLARS ($20.00).
AS-SV25 SBE -ASD AH 502-A BACK 1-8-92