RECORDING
REQUESTED BY
AND WHEN RECORDED MAIL TO:
Croudace &
Dietrich LLP
4750 Von Karman
Newport Beach, California 92660
Attention: Debra M. Dietrich, Esq.
(space above line for
recorder’s use)
MEMORANDUM OF ASSIGNMENT
OF NOTE, DEED OF TRUST AND LOAN DOCUMENTS
THIS
MEMORANDUM OF ASSIGNMENT OF NOTE, DEED OF TRUST AND LOAN
DOCUMENTS (this “Memorandum” ) is made as of
August 24, 2009, by AWARE DEVELOPMENT COMPANY, INC., a
California corporation ( “Aware” ), in favor of
SPT REAL ESTATE FINANCE, LLC, a Delaware limited liability company
( “SPT” ), with respect to the
following.
Concurrently
herewith, and for good and valuable consideration, Aware has
irrevocably assigned to Aware all of Aware’s right, title and
interest under that certain loan made by Vineyard Bank, N.A., a
national banking association ( “Bank” ) to
Springbrook Investments, L.P., a California limited partnership
agreement ( “Borrower” ), in the original
principal amount of $1,072,000 (as heretofore modified, the
“Vineyard Loan” ).
Aware and SPT wish
to cause this Memorandum to be recorded to give notice of the
Assignment and the terms thereof, including the terms set forth
herein.
The Vineyard Loan
is evidenced by a promissory note executed by Borrower in the
original principal amount of the Vineyard Loan, and is secured by a
deed of trust recorded on March 31, 2006 under document number
2006-0229401, as modified by that certain Modification of Deed of
Trust recorded on December 31, 2007 under document number
2007-0772611, both of which are recorded in the Official Records of
Riverside County, California, encumbering the Real Property
described on Exhibit “A” attached hereto,. This
Memorandum is notice of the assignment of both of the same and all
other rights of Aware in connection with the Vineyard
Loan.
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