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HomeMy WebLinkAboutContracts & Agreements_140-2019First American Title Insurance Company National Commercial Services 3281 E Guasti Road, Suite 440, Ontario, CA 91761 (909)510-6206 Fax (877)461 2088 Assignment of Buyer's Interest Instruction Date: July 10, 2019 File No. NCS-966720-ONT1 Re: 302 West Colton Avenue, Redlands, CA Assignment: Bakti Luminta, Buyer herein assigns to Bakti Luminta and Yunita Herawati, Husband and Wife as Joint Tenants 1. All interest in and to all right to acquire title to the property which is the subject of this escrow 2. All funds now on deposit to the account of the undersigned in this escrow No consideration is to be paid to the undersigned through this escrow for or on account of this agreement. Agreement: IT IS AGREED BETWEEN City of Redlands, a municipal corporation, as Seller and Bakti Luminta, as Buyer and Bakti Luminta and Yunita Herawati as Assignee, with respect to the Purchase and Sale Agreement and Joint Escrow Instructions dated June 18, 2019 in Escrow No. NCS-966720-ONTlas fol lows: 1. Seller hereby releases Buyer from all claims and demands against Buyer with respect to the Escrow Acceptance Letter and accepts assignee in place of Buyer as the substituted party to said escrow instructions and hereby agrees with Assignee to be bound by the terms of the escrow instructions In all respects as if Assignee was originally named therein as a party in place of Buyer 2. Assignee agrees to perform in accordance with the escrow instructions and to be bound by all terms thereof in all respects as if he were the original party to the escrow instructions in place of Buyer 3. In the event of cancellation of this escrow, funds to be returned to non -defaulting buyer if any less costs, if any shall be forwarded to new buyer (assignee) as shown herein. The above named Assignee have received, read and familiarized themselves with the original escrow instructions dated July 1, 2019 and hereby approves same in their entirety along with any and all amendment(s) to said escrow instructions, and request that you proceed therewith on their behalf Any deposit in this escrow shall be used for the benefit of the Assignee named herein. In the event of cancellation of this escrow, funds to be returned to non -defaulting Buyer if any less costs, if any shall be forwarded to new Buyer(s) (Assignee(s)) as shown herein. Bakti Lumint Yunita Hera(Nati SELLER. BUYER: City of Redlands, a municipal corporation Bakti Luminta By. Paul W Foster Mayor OA, First American Title Insurance Company National Commercial Services 3281 E Guasti Road, Suite 440, Ontario, CA 91761 (909)510-6206 Fax (877)461 2088 Assignment of Buyer's Interest Instruction Date: July 10, 2019 File No. NCS-966720-ONT1 Re' 302 West Colton Avenue, Redlands, CA Assignment: Bakti Luminta, Buyer herein assigns to Bakti Luminta and Yunita Herawati, Husband and Wife as Joint Tenants 1 All Interest in and to all right to acquire title to the property which is the subject of this escrow 2. All funds now on deposit to the account of the undersigned in this escrow No consideration is to be paid to the undersigned through this escrow for or on account of this agreement. Agreement: IT IS AGREED BETWEEN City of Redlands, a municipal corporation, as Seller and Bakti Luminta, as Buyer and Bakti Luminta and Yunita Herawati as Assignee, with respect to the Purchase and Sale Agreement and Joint Escrow Instructions dated June 18, 2019 in Escrow No. NCS-966720-ONT1as follows: 1. Seller hereby releases Buyer from all claims and demands against Buyer with respect to the Escrow Acceptance Letter and accepts assignee in place of Buyer as the substituted party to said escrow instructions and hereby agrees with Assignee to be bound by the terms of the escrow Instructions in all respects as if Assignee was originally named therein as a party in place of Buyer 2. Assignee agrees to perform In accordance with the escrow instructions and to be bound by all terms thereof in all respects as if he were the original party to the escrow instructions in place of Buyer 3. In the event of cancellation of this escrow, funds to be returned to non -defaulting buyer if any less costs, if any shall be forwarded to new buyer (assignee) as shown herein. The above named Assignee have received, read and familiarized themselves with the original escrow instructions dated July 1, 2019 and hereby approves same in their entirety along with any and all amendment(s) to said escrow instructions, and request that you proceed therewith on their behalf Any deposit In this escrow shall be used for the benefit of the Assignee named herein. In the event of cancellation of this escrow, funds to be returned to non -defaulting Buyer if any less costs, If any shall be forwarded to new Buyer(r) (Assignee(s)) as shown herein. Assignee: Bakti Luminta SELLER. Yunita Herawati BUYER. City of Redlands, a municipal corporation Bakti Luminta By( DfleA0,0 Paul W Foster Mayor First American Title Insurance Company National Commercial Services 3281 E Guasti Road, Suite 440, Ontario, CA 91761 (909)510-6206 - Fax (877)461 2088 Assignment of Buyer's Interest Instruction Date July 10, 2019 File No NCS-966720-ONT1 Re 302 West Colton Avenue, Redlands, CA Assignment Bakti Luminta, Buyer herein assigns to Bakti Luminta and Yunita Herawati, Husband and Wife as Joint Tenants 1 All interest in and to all right to acquire title to the property which is the subject of this escrow 2 All funds now on deposit to the account of the undersigned in this escrow No consideration is to be paid to the undersigned through this escrow for or on account of this agreement Agreement. IT IS AGREED BETWEEN City of Redlands, a municipal corporation, as Seller and Bakti Luminta, as Buyer and Bakti Luminta and Yunita Herawati as Assignee, with respect to the Purchase and Sale Agreement and Joint Escrow Instructions dated June 18, 2019 in Escrow No NCS-966720-ONT1as follows. 1 Seller hereby releases Buyer from all claims and demands against Buyer with respect to the Escrow Acceptance Letter and accepts assignee in place of Buyer as the substituted party to said escrow instructions and hereby agrees with Assignee to be bound by the terms of the escrow instructions in all respects as if Assignee was originally named therein as a party in place of Buyer 2 Assignee agrees to perform in accordance with the escrow instructions and to be bound by all terms thereof in all respects as if he were the original party to the escrow instructions in place of Buyer 3 In the event of cancellation of this escrow, funds to be returned to non -defaulting buyer, if any, less costs, if any, shall be forwarded to new buyer (assignee) as shown herein The above named Assignee have received, read and familiarized themselves with the original escrow instructions dated July 1, 2019 , and hereby approves same in their entirety along with any and all amendment(s) to said escrow instructions, and request that you proceed therewith on their behalf Any deposit in this escrow shall be used for the benefit of the Assignee named herein In the event of cancellation of this escrow, funds to be returned to non -defaulting Buyer, if any, less costs, if any, shall be forwarded to new Buyer(s) (Assignee(s)) as shown herein Assignee Bakti Luminta SELLER Yunita Herawati BUYER City of Redlands, a municipal corporation Bakti Luminta By Paul W Foster, Mayor