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2017-207 HSG - Myrtle Williams - Assignment, assumption and transfer real property for Self-Help
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2017-207 HSG - Myrtle Williams - Assignment, assumption and transfer real property for Self-Help
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Last modified
7/3/2018 2:29:43 PM
Creation date
2/2/2018 2:55:54 PM
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Contract
Date
6/6/2017
Contract Starting Date
6/6/2017
Contract Document Type
Agreement - Construction
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R86378 IS2 3117 <br />of the obligations contained in the Deed of Trust and the Note, as such requirements and <br />obligations relate to the Property; <br />NOW THEREFORE, Owner does hereby: <br />(1) give, transfer, assign, and deliver unto Self Help, a not for profit corporation, and <br />its successors, nominees and assignees all of its rights, title and interest, and all addenda, <br />modifications and amendments thereto, in and to the Property described in EXH113IT A. <br />(2) transfer to Self Help, its obligations, as such obligations relate to the Property, <br />contained in the Declaration of Restrictive Covenants, the Development Agreement, the Deed of <br />Trust and the Note, and the obligation to pay money due and to become due upon the Note, with <br />interest. Said assignment is subject to all terms and conditions found in the Deed of Trust, the <br />Note, the Declaration of Restrictive Covenants, the Development Agreement, and all addenda, <br />modifications and amendments thereto and shall remain in effect under this assumption and for <br />any successor Assignor or any successor Assignee who shall assume all duties and obligations of <br />the original borrower; provided, however, the parties hereby agree that if Self Help conveys the <br />Properly to another non -profit organization, subject to the Declaration of Restrictive Covenants <br />and the Development Agreement, as described in Section 1(a)(1) of the Declaration of <br />Restrictive Covenants, Orange County shall not unreasonably withhold its consent to such <br />conveyance, <br />IN WITNE, SS WHEREOF, the signatories below have caused this instrument to be signed in <br />their corporate names by duly authorized officers. By execution hereof, Orange County . <br />specifically consents to the assignments to Self Help contained herein. This the ba' day of June, <br />2017. <br />[SIGNATURE PAGES TO FOLLOW] <br />
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