HomeMy Public PortalAbout1978.08.22 Sports Marina Assignment of Leasea
ASSIGNMENT
.THIS AGREEMENT, made and entered into this ( � day of
.e422iL, 1979, by and between SPORTS MARINA, INC., an Idaho.
Corporation, of McCall, Idaho, parties of the first part,
hereinafter called the "Assignors," and Inter -Mountain State
Bank, a banking corporation, party of the second part, hereinafter
called "Assignee."',
WITNESSETH
Whereas, by agreement dated April, 1969, between CITY
OF McCALL, a muniCipal corporation as LESSORS and SPORTS MARINA,
INC, as LESSEE, said LESSORS thereby agreed to lease to
LESSEE and the LESSEE thereby agreed to lease from LESSORS
that certain real property and all improvements and appurtenances
pertaining thereto, situated in Valley County, State of. Idaho,
and more particularly described as follows:
and
The West boundary of Lake Shore Boulevard,
being the high water mark of Big Payette Lake
between the extension of the North boundary line
of Lot 5, Block 4, McCall First Addition to the
Village of McCall, Idaho, as extended westerly
to the high water mark of Big Payette Lake, and
the South boundary line of Lot 1 of said Block 4,
extended westerly to the West boundary line of
said Big Payette Lake.
Whereas, the above named Assignors have agreed to assign
transfer all ITS right, title, and interest in and to said
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agreement hereinabove described to Assignee herein for security
Purposes.
Now, therefore, witnesseth this agreement, for and in
consideration sum of Ten Dollars ($10.00) and other good and
valuable consideration, the receipt whereof is hereby acknow-
ledged by the Assignors, the Assignors so hereby assign, transfer,
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and set over, unto the said Assignee all their rights, title and
interest in and to said lease hereinabove described, to hold
subject to all the terms, stipulations, and conditions in the
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said agreement contained.
IT IS FURTHER UNDERSTOOD AND AGREED by and between the
parties hereto that this Lease Assignment is to secure certain
Note(s) held by Inter -Mountain State Bank.
ASSIGNEE
INTER -MOUNTAIN STATE BANK SPORTS MARINA, INC.
ASSIGNORS
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BY VV-cc t,c,����-e.!
'President
•
BY (..;*,4. c�) f.
Secretary
CONSENT TO ASSIGNMENT
The City of McCall, by and through its Mayor, hereby consents
to the foregoing assignment for security of the leasehold interest
of;Sports Marina, Inc., subject to the provision that in the
event of default and possession of the leasehold by the Inter -
Mountain State Bank, the bank would subsequently transfer to a
party or parties acceptable to the City of McCall, Idaho.
'DATED this 22. day of
Attest:
Ma aar Fogg, ity f717
STATE OF IDAHO
)ss.
County of Valley- )
, 1978.
CITY OF McCALL, a
Municipal Corport orr--..
1 EV ns , Mayor
On this 23rd day of August, 1978, before me, a Notary Public
in and for said State, personally appeared SOLLIE CALLENDER, known
to me to be the president of the corporation that executed the
instrument or the person who executed the instrument on behalf of
said corporation, and. acknowledged to me that such corporation
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IN WITNESS WHEREOF, I have hereunto set my hand and notary
seal the day and year first written in this Certificate.
,STATE OF IDAHO
County of Valley
)ss.
Notary Public for Idaho
Residing at: /(� Ge,((
On this 22nd day of August, 1978, before me, a Notary Public
inand for said State, personally appeared JAMES W. HARDY and
PATRICIA F. HARDY, known to me to be the persons whose names are
subscribed to the within and foregoing instrument and acknowledged
to me that they executed same.
IN WITNESS WHEREOF, I have hereunto -set my hand and notary seal
the day and year first above written in this certificate.
or
Notary Public for Idaho
Residing at McCall
STATE OF IDAHO )
)ss.
County of Valley
On this 22nd day of August, 1978, before me, a Notary Public
in and for said State, personally appeared BILL EVANS and MARGARET
E. FOGG, known to me to be the Mayor and City Clerk respectively ,of
the City of McCall, that executed the said instrument, and acknowledged
to me that such City of McCall executed same.
IN WITNESS WHEREOF, I have hereunto set my hand and -official
seal the day and year first written in this certificate.
Notary.Public for Idaho
Residing at McCall