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HomeMy WebLinkAboutC-7436-4 - Beacon Bay, 40 - Termination of Leasehold 1988RECORDING REDUES ED BY no— GUARDIAN TITLE COMPANY Ju UU RECORDED IN OFFICIAL RECORDS RECORDING REQUESTED BY OF ORANGE COUNTY, CALIFORNIA AND WHEN RECORDED MAIL TO: ______— City of Newport Beach $7.00' 25 P ,jU(� 2$'8 3300 Newport Boulevard C1Q y Newport Beach, CA 92663 0, COUNTY Attn: Kenneth J. Delino RECORXp TERMINATION OF LEASEHOLD This agreement is made this 6--'4A day of June, 1988, by and between the CITY OF NEWPORT BEACH, hereinafter called "Lessor;" and MARY ANN FORBES, hereinafter called "Lessee." RECITALS A. Lessor and Lessee executed a lease on January 1, 1988 and subsequently recorded in Book N /A, Page NIA of the County Recorder of Orange County, California as Instrument No. 88-137686. By the terms of the lese, the following described property was leased to Lessee for a term of eighteen (18) years, commencing on January 1, 1988, and ending on July 1, 2006, 40 Beacon Bay, Newport Beach, California 92660; and 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. Lessee agrees to terminate the lease and vacate the pre -raises as described hereinabove as of July 28, 1988, 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 OFF"NEWPORT BEACH Robert L. Wynn, City Manager "Lessor" G MARY APN FORBES STATE OF CALIFORNIA ss. COUNTY OF ORANGE 88-308150 On this /6p, day of June, 1988, before me, the undersigned, a Notary Public in and for said State, personally appeared ROBERT L. WYNN, known to me to be the City Manager of the City of Newport Beach, known to be to be the person whose name is subscribed to the within instrument, and acknowledged to me that he executed the same. STATE OF CALIFORNIA COUNTY OF ORANGE WITNESS my hand and official seal. i Notary Pu 6lic in and for said State. On the /_ day of;� 1988, before me, the undersigned, a notary Public in and for said State, personally appeared MARY ANN FORBES, known to me (or proved to me on the basis of satisfactory evidence; to be the person that executod this instrument, and acknowledged to me that she executed the same. ..• �• r, OFFICIAL SEAL CLAIRE WESTSERG Notary Public -California ORANGE COUNTY c a ,•o�+' My Comm. Exp. Sep. 7, 1591 ( SEAL) WITNESS py hand and official seal. Notary—public in and f r said State. OFFICIAL SEAL r DOROTHY L. RALEN NOTARY PUBLIC - CALIFORNIA ~ PRINCIPAL OFFICE IN ORANGE COUNTY °+�,,,.. • My Commission Exp. Apr. 5, 1989 ( SEAL) STATE OF CALIFORNIA COUNTY OF ORANGE WITNESS my hand and official seal. i Notary Pu 6lic in and for said State. On the /_ day of;� 1988, before me, the undersigned, a notary Public in and for said State, personally appeared MARY ANN FORBES, known to me (or proved to me on the basis of satisfactory evidence; to be the person that executod this instrument, and acknowledged to me that she executed the same. ..• �• r, OFFICIAL SEAL CLAIRE WESTSERG Notary Public -California ORANGE COUNTY c a ,•o�+' My Comm. Exp. Sep. 7, 1591 ( SEAL) WITNESS py hand and official seal. Notary—public in and f r said State.