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HomeMy WebLinkAboutC-6208(H) - Beacon Bay, 49 - Termination of Leasehold 2006RECORDING 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 is electronically recorded by Cal Title MV Recorded in Official Records, Orange County Tom Daly, Clerk -Recorder 11111111111111111111111111111111111111111111111111111111111111111115.00 2006000178878 09:38am 03/20/06 117 48 T03 4 0.00 0.00 0.00 0.00 9.00 0.00 0.00 0.00 TERMINATION OF LEASEHOLD This agreement is made this 10 fh day of reh , 2006, by and between the CITY OF NEWPORT BEACH, hereinafter called "Lessor", and ERIK R. DiPAOLO and KATHLEEN C. DiPAOLO, hereinafter called "Lessees". RECITALS A. Lessor and Lessee executed a lease on August 25, 2005, and subsequently recorded August 25, 2005, by the County Recorder of Orange County, California as Instrument No. 2005000668521. By the terms of the lease, the following described property was leased to Lessee until July 1, 2044. Lot 49 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. U1 AGREEMENT Lessee agrees to terminate the lease and vacate the premises as described \ herein above as of M(,�( � 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 STATE OF CAU niO, COUNTY OF (`�rccYlA2. On before me, S • �D�� a Notary Public in and for said State, personally appeared personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) isl subscribed to the within instrument and ac-kDowledged to me that he/she/tPeDperson(s), executed the same in his/herA e authorized capacity(ies), and that by his/her/ i ignature(s) on the instrument or the entity upon beha which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature S. COPE Commisslon # 1447982 s Notary Public - California Orange County My Comm. Expires Oct 28, 2007 (This area for official notarial seal ESCROW NO.: 058 -007636 -CJ TITLE ORDER NO.: 19529-12 STATE OF CALIFORNIA) ) ss: COUNTY OF ORANGE ) On March 10, 2006, before me, M Locey personally appeared David A. Kiff, 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 has executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s) or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. 0" Notary Public in and for ate 10a M. LOCEY Commission # 1611864 Notary Public - California Orange County - My Comm. Expires Oct 7, 2009 Official Notarial Seal Exhibit "A" Lot No. 49, as shown upon a Record of Survey Map recorded in book 9, page(s) 42 and 43 Record of Surveys, on file in the office of the county recorder, Orange County , California, together with certain portions of adjoining lots B and C as shown upon said map.