The URL can be used to link to this page

Home My WebLink AboutC-7307-14 - Beacon Bay, 54 - Termination of Leasehold 2020't r _rn RECORDING REQUESTED BY TICOR TITLE 1 V ORANGE COUNTY BRANCH Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive P.O. Box 1768 Newport Beach, Califomia 92658-8915 Attn: City Clerk Recorded in Official Records, Orange County Hugh Nguyen, Clerk -Recorder III IIIII III II I �I I II 'III III III' II I I II I II NO FEE *$ R 0 0 1 2 1 8 1 3 9 7$ 2020000608957 3:55 pm 10/27120 363 419A T01 4 0.00 0.00 0.00 0.00 9.00 0.00 0.000.000.00 0.00 (Exempt from Reoordma Fees Pursuant to Govemment Code 6 27383) APN: 050-221-21 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) TERMINATION OF LEASEHOLD This Termination of Leasehold is made this 0,4o bei 27 , 2020, by and between the CITY OF NEWPORT BEACH, a Califomia municipal corporation, tideland's trustee, and charter city, hereinafter called "Lessor", and Ardeen DuBow, Trustee of the Steve and Ardeen DuBow Marital Trust #1, U/A dated 7/19/1999 ("Lessee") Exempt from fee per GC 27388.1(a)(2); recorded RECITALS concurrently "in connection with" a transfer subject to the Imposition of documentary transfer tax. A. Lessor and Lessee executed a lease on April 14, 2008 ("Lease"), for which a Memorandum of Lease was recorded April 15, 2008, by the County Recorder of Orange County, Califomia as Instrument No. 2008000175032. By the terms of the Lease, the following described property was leased to Lessee until July 1, 2044. Lot 54 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 Califomia. 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 h ,(' 27 , 2020, and Lessor agrees to accept such termination, and Lessor and Lessee agree to discharge and release each other from all obligations under the Lease as of said date. [SIGNATURES ON NEXT PAGE] Recording Requested By and When Recorded Return To: City of Newport Beach 100 Civic Center Drive P.O. Box 1768 Newport Beach, California 92658-8915 Attn: City Clerk (Exempt from Recording Fees Pursuant to Government Code G 27383) APN: 050-221-21 (SPACE ABOVE THIS LINE FOR RECORDER'S USE) TERMINATION OF LEASEHOLD This Termination of Leasehold is made this dobff 27 , 2020, by and between the CITY OF NEWPORT BEACH, a California municipal corporation, tideland's trustee, and charter city, hereinafter called "Lessor", and Ardeen DuBow, Trustee of the Steve and Ardeen DuBow Marital Trust #1, U/A dated 7/19/1999 ("Lessee") RECITALS A. Lessor and Lessee executed a lease on April 14, 2008 ("Lease"), for which a MemorandumofLease was recorded April 15, 2008, by the County Recorder of Orange County, California as Instrument No. 2008000175032. By the terms of the Lease, the following described property was leased to Lessee until July 1, 2044. Lot 54 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 as described herein above as of 6> bP,,( 2 2020, and Lessor agrees to accept such termination, and Lessor and Lessee agree to discharge and release each other from all obligations under the Lease as of said date. [SIGNATURES ON NEXT PAGE] IN WITNESS WHEREOF, the Parties have caused this Termination of Leasehold to be executed on the dates written below. APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY Date:_ By: U `A� -fog' Aaron Harp o►M10n%j1. City Attorney ATTEST: Date: am - Brown City Clerk 2 LESSOR, CITY OF NEWPORT BEACH, a California municipal corporation, tideland's trustee and charter city Date: OCT 2 6 2020 By: Grac . Leung City Kanager LESSEE, Ardeen DuBow, Trustee of the Steve and Ardeen DuBow Marital Trus #1, U/A dated 7/19/1999 Date: By: Ardeen DuBow Trustee CALIFORNIA ALL- PURPOSE CERTIFICATE OF ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On 00r& W 1� V90 before me, ere insert name land title ot the ottWe personally appeared pff&,Qto 'bJow , 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. certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. LISA It. NS WITNESS my hand and official seal. Notary Orange o Couuntil°`nia __ ' Oraange County > Commission N 2307474 • "�, My Comm, Expires Oct 28, 2023 NoWry Public Signature (Notary Public Seal) ADDITIONAL OPTIONAL INFORMATION INSTRUCTIONS FOR COMPLETING THIS FORM This form complies with current California statutes regarding notary wording and, DESCRIPTION OF THE ATTACHED DOCUMENT ifneeded, should be completed and attached to the document. AcImowledgments from other states may be completed for documents being sent to that state so long as the wording does not require the California notary to violate California notary law. (Title or description of attached document) • State and County information must be the State and County where the document signer(s) personally appeared before the notary public for acknowledgment. • Date of notarization must be the date that the signer(s) personally appeared which (Title or description of attached document continued) must also be the same date the acknowledgment is completed. • The notary public must print his or her name as it appears within his or her Number of Pages Document Date commission followed by a comma and then your title (notary public). • Print the name(s) of document signer(s) who personally appear at the time of notarization. CAPACITY CLAIMED BY THE SIGNER • Indicate the correct singular or plural forms by crossing off incorrect forms (i.e. El Individual (s) he/she/t#iey, is /are ) or circling the correct forms. Failure to correctly indicate this information may lead to rejection of document recording. ❑ Corporate Officer • The notary seal impression must be clear and photographically reproducible. Impression must not cover text or lines, If seal impression smudges, re -seal if a (Title) sufficient area permits, otherwise complete a different acknowledgment form. ❑ Partner(s) • Signature of the notary public must match the signature on file with the office of the county clerk. ❑ Attorney -in -Fact . Additional information is not required but could help to ensure this ❑ Trustee(s) acknowledgment is not misused or attached to a different document. ❑ Other Indicate title or type of attached document, number of pages and date. Indicate the capacity claimed by the signer. If the claimed capacity is a corporate officer, indicate the title (i.e. CEO, CFO, Secretary). 2015 Version www. NotaryClasses.com 1300-873-9865 Securely attach this document to the signed document with a staple. ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Ott A t-16FE }ss. On IQc_TO R) a t2 7(p 20 7-0 before me, JEN/V t FEre IjftJiN /VIULVE'-( , Notary Public, personally appeared 6 KII Li k • Lev ti who proved to me on the basis of satisfactory evidence to be the persons) -whose name(&) is/afe subscribed to the within instrument and acknowledged to me that helshe/tgey executed the same in his/her/their authorized capacity(ios), and that by hislher/their signatures(s) on the instrument the person(%), or the entity upon behalf of which the perso*) 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. o ifer Ann MulveyOMM #2214138 21-WITNE y hand and official seal. a"Oowrys,NGEcouNri��e�° MyCommisslon FxpiresOst 12 1021 Signature (seal)