ASSIGNMENT AND ASSUMPTION OF
PURCHASE AGREEMENT
This Assignment and Assumption of Purchase
Agreement (“Assignment”) is entered into between Philip
Elghanian, an individual (“Assignor”), and Fontana
Medical Plaza, LLC, a California limited liability company
(“Assignee”), as of February 19, 2009
(“Effective Date”).
A. Pursuant to the terms of that certain
Standard Offer, Agreement and Escrow Instructions for Purchase of
Real Estate dated September 8, 2008, by and between Assignor,
as buyer, and Hovic Perian and Rima Perian, collectively, as seller
(the “Seller”), and that certain Addendum
“1” thereto, as the same has been subsequently amended
(the “Purchase Agreement”), Assignor agreed to purchase
the Property (as such term is defined in the Purchase Agreement),
located in the City of Fontana, County of San Bernardino, State of
California and all Improvements (as such term is defined in the
Purchase Agreement) located thereon.
B. An escrow for the purchase and sale of
the Property has been opened at Fidelity National Title Company,
escrow no. 521434-CL (the “Escrow”).
C. Assignor desires to assign all of his
rights, interests, benefits, liabilities, duties and obligations
arising under the Purchase Agreement and the Escrow (and related
documents) to Assignee, and Assignee desires to assume all of said
rights, interests, benefits, liabilities, duties and obligations
subject to the terms of this Assignment.
NOW, THEREFORE, in consideration of the
foregoing promises, the mutual unde
|
