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HomeMy WebLinkAboutC-7410-20 - Beacon Bay, 1 - Termination of Leasehold 2012RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Manager City of Newport Beach P. O. Box 1768 Newport Beach, CA 92658-8915 TITLE OF DOCUMENT: Recorded in Official Records, Orange County Tom Daly, Clerk -Recorder II III II II IIIIIII � I IIII IIII II NO FEE *$ R 0 0 0 5 3 2 4 3 0 6$ 20120006925211:25 pm 11109112 47 405 T01 4 0.00 0.00 0.00 0.00 9.00 0.00 0.00 0.00 THIS SPACE FOR RECORDER'S USE ONLY. Exempt Recording Request per Government Code 27383 Termination of Leasehold RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City Manager's Office City of Newport Beach 3300 Newport Boulevard Newport Beach, CA 92663 TERMINATION OF LEASEHOLD This agreement is made this r { day of u w, 2012, by and between the CITY OF NEWPORT BEACH, hereinaft called "Lessor", and Scott Cunningham and Shawn Cunningham, hereinafter called "Lessee". RECITALS A. Lessor and Lessee executed a lease on October 7, 2011, and subsequently recorded October 7, 2011, by the County Recorder of Orange County, California as Instrument No. 2011000500109. By the terms of the lease, the following described property was leased to Lessee until July 1, 2044. "Lot 1 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, excepting there from the easterly 10 feet thereof." 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 as described herein above as of August 5, 2012, 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. U Executed at Newport Beach, California, on the day and year first above written. CITY CLER APPROVED AS TO FORM: CITY ATTORNEY VIM CITY OF NEWPORT BEACH BY:— LESSO ITY MANAGER BY: ��, Z,) LESSEE: SCOTT UNNINGHAM E: SHAWN CUNNIN CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT STATE OF CALIFORNIA) COUNTY OF ORANGE ) On August 14, 2012 before me, M Locey, Notary Public, personally appeared Dave Kiff who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. �~016,10,10, M. LOCEY WITNESS my hand and official seal. Commission # 11164451 ori Notary Public - California p Z Orange County My Comm. Expires Oct 7, 2013 (SEAL) Notary Public in and fors -Slate OPTIONAL INFORMATION Title or Type of Document: Termination of Leasehold with Scott and Shawn Cunningham CALIFORNIA ALL-PURPOSE ACKNOWLEDGEMENT STATE OF CALIFORNIA) COUNTY OF ORANGE ) On August 14, 2012 before me, M Locey, Notary Public, personally appeared Scott Cunningham and Shawn Cunningham who 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), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. �-M- - - - - - 6 'h a M. LOCEY Commission # 1864451 WITNESS my hand and official seal. -. Notary Public e California zZ Orange County My Comm. Expires Oct 7, 2013 k 4Z ( 6 e C � t 0�4 (SEAL) Notary Public in and fors to OPTIONAL INFORMATION Title or Type of Document: Termination of Leasehold