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HomeMy WebLinkAboutC-7205-5 - Beacon Bay, 27 - Termination of Leasehold 1997RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Manager's Office City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 RecGaryL t119 County Of range, Clerk/Recordealifornia 19970493818 3 APA 10/03/97 005 9027071 09 12 T01 3 6.00 6.00 0.00 0.00 0.00 0.00 TERMINATION OF LEASEHOLD This agreement is made this moi: o day of , 1997, by and between the CITY OF NEWPORT BEACH, hereinafter called "Lessor", and HARRY G. BUBB AND BERDEL L. BUBB, Trustees of the H. and B. Bubb Living Trust, hereinafter called "Lessee". RECITALS A. Lessor and Lessee executed a lease on June 30, 1994, and subsequently recorded December 7, 1994, by the County Recorder of Orange County, California as Instrument No. 94-0701492. By the terms of the lease, the following described property was leased to Lessee until July 1, 2044. Lot 27 as shown on the map filed in Book 9, Pages 42 and 43 of Record of Surveys in the Office of the County Recorder, County of Orange, State of California. B. Lessee desires to terminate said lease and all rights to the possession of the lease premises and to release Lessor from its obligations under the lease, and Lessor desires to accept said termination and to release Lessee from their obligations under the lease. AGREEMENT Lessee agrees to terminate the lease and vacate the premises as described herein above as of IV�Mx-r, /2�2 and Lessor agrees to accept such termination and the premises, and Lessor and Lessee agree to discharge and release each other from all obligations under the lease as of said date. Executed at Newport Beach, California, on the day and year first above written. CITY OF N'E'vJPORT BEACH Lessee: Harry u BY: Les ee. Berdel L. Bubb �C � AMERt A. -1 ) STATE OF CALIFORNIA )ss. COUNTY OF 092pn)Lls' ) On iAyvs 1 !1, 199 3 before me, aieAt-i,' Q6 t S o v` personally appeared Hacw G I3u bb a -A 15 Edi l C.. 5,,6!, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/ re subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her sei'�uthorized capacity(ies), and that by his/her e/ ignature(s) on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature ' ^•••;• BETH NEILSON ::.+ • ; COMM. # 1049552 Z '- a ` Notary Public — Califania n ORANGE COUNTY My Comm. Ezpues FEB 10. 1999 Title of Document 'V P) n1e.3tio,.1 Date of Document Other signatures not acknowledged No. of Pages 3008 (1/94) (General) First American Title Insurance Company (This area for official notarial seal) BETH NEILSON ::.+ • ; COMM. # 1049552 Z '- a ` Notary Public — Califania n ORANGE COUNTY My Comm. Ezpues FEB 10. 1999 Title of Document 'V P) n1e.3tio,.1 Date of Document Other signatures not acknowledged No. of Pages 3008 (1/94) (General) First American Title Insurance Company State of California County of Orange On1GT S, /9qZ before me, personally appeared u °personally known to me - OR - ❑ proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), orthe entity upon behalf ofwhichthe person(s) acted, executed the instrument. Monica S. Kutz WITNESS m hand and official seal. D COMM #1013469 y cu NOTARY PUBLIC CALIFORNIA G ORANGE COUNTY O Comm EepiZ:Jan CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT _ Individual Corporate Officer _ Limited Partner General Partner _ Attorney -in -Fact Trustee(s) Guardian/Conservator Other: Signer Is Representing: Title or Type of Document Number of Pages Date of Document Signer(s) Other Than Named Above