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HomeMy WebLinkAboutC-7251-8 - Beacon Bay, 11 - Termination of Leasehold 1996RECORDING RE011ESTEu By FIDELITY NATIONAL TITLE I1$, CO. RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Manager's Office City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 Recorded in tine county of orange, California Cary L. Granville, Clerk/Recorder 1111 II! I I liiill!!II,.III{illlll llllll II 1��� 19960289093 3.47pm 06/06/96 005 10008192 10 25 703 3 7.00 6.00 0.00 0.00 0.00 0.00 0 2 1�5 - C� TERMINATION OF LEASEHOLD This agreement is made this 16 fh day of lygz , 1996, by and between the CITY OF NEWPORT BEACH, hereinafter called "Lessor", and DUDLEY A. SMITH, Trustee and SHERRILL M. SMITH, Trustee, hereinafter called "Lessee RECITALS A. Lessor and Lessee executed a lease on June 20, 1994, and subsequently recorded December 7, 1994, by the County Recorder of Orange County, California as Instrument No. 94-0701482. By the terms of the lease, the following described property was leased to Lessee until July 1, 2044. Lot 11 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 ter inate the lease and vacate the premises as described herein above as of O'ane- 1996- , 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 NEWPORT BEACH Lessee: Sherrill M. Smith, Trustee STATE OF NEVADA COUNTY OF CLARK ) ss. On this 16th day of May, 1996, personally appeared before me, a Notary Public in and for said County and State, DUDLEY A. SMITH and SHERRILL M. SMITH, known to me to be the persons described in and who executed the foregoing instrument, who acknowledged to me that they executed the same freely and voluntarily and for the uses and purposes therein mentioned. WITNESS my hand and official NOTARY PUBLIC STATE OF NEVADA County of Clark DONA 4 DAVIS Nh► * a, loft? seal. Notary Public in and for said County and State State of California County of Orange On before me, Monica S. Kutz, Notary Public, personally appeared q� ersonally 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 of which the person(s) acted, executed the instrument. /y h� Monica S. Kutz WITNESS m hand and official seal. Comm. #1013469 y NOTARY PUBLIC CALIFORNIA S ORANGE COUNTY n Comm Expires Jan 13, 1998 CAPACITY CLAIMED BY SIGNER Individual Corporate Officer Limited Partner General Partner Attorney -in -Fact Trustee(s) Guardian/Conservator Other: Signer Is Representing: DESCRIPTION OF ATTACHED DOCUMENT Title or Type of Document Number of Pages Date of Document Signer(s) Other Than Named Above