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Document Preview Assignment and Assumption of Leases and Security Deposits |
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Title: |
Assignment and Assumption of Leases and Security Deposits |
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Entities: |
Cedar Income Fund Partnership, LP; Cedar Shopping Centers Inc.; Cedar-Camp Hill, LLC; Cigna Investments, Inc.; Connecticut General Life Insurance Co. |
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Date: |
2002 |
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Size: |
Preview shows 2KB of 9KB total |
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Price: |
$36 |
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ID: |
#254797 |
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ASSIGNMENT AND ASSUMPTION OF
LEASES AND SECURITY DEPOSITS
THIS ASSIGNMENT AND ASSUMPTION OF LEASES AND SECURITY DEPOSITS (this
"Assignment") is executed as of this _____ day of November, 2002, by CONNECTICUT
GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation ("Seller"), and
CEDAR-CAMP HILL, LLC, a Delaware limited liability company ("Purchaser").
Purchaser is this day purchasing from Seller and Seller is conveying to
Purchaser the real property described on Exhibit A attached hereto and made a
part hereof together with all improvements thereon and appurtenances thereto
(herein called the "Property"). The Property is occupied by various tenants
(herein called the "Tenants") claiming under written space leases listed and
described on Exhibit B attached hereto and made a part hereof (the "Leases").
Seller has required certain of the Tenants to pay and has collected from such
Tenants a security or other deposit, a list of which deposits and the Tenants
from whom the deposits were collected being set forth on Exhibit B attached
hereto and made a part hereof (herein the total of all such deposits are
referred to as the "Security Deposits"). Seller desires to transfer and assign
all of Seller's right, title and interest in and to: (i) the Leases and (ii) the
Security Deposits.
NOW, THEREFORE in consideration of Ten Dollars ($10.00) and other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Seller hereby transfers and assigns to Purchaser, effective as of
the date hereof, all right, title and interest of Seller in and to: (i) the
Leases (including, without limitation, all rights of Seller as landlord in
connection with and respecting any and all claims against tenants in bankruptcy
and any and all landlord rights to vote in connection therewith), and (ii) the
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