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RecDoc 2016-063770 City Center Plaza
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RecDoc 2016-063770 City Center Plaza
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Last modified
8/11/2016 3:50:29 PM
Creation date
8/11/2016 3:46:39 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Assignment, Assumption and Modification Agreement
Doc Num
2016-063770
Rec Date
6/30/2016
APN
053-400-030-2
Address
City Center Plaza
Parties
Mezes Court Associates, A CA Limited Partnership,
Reso Ref
15455
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• <br /> 4 <br /> ,r: <br /> 4 <br /> extant of web eaves Available Fends,Keettttadon(other than Eareatiai R tatntatao}to camera m protect damned <br /> lnrprovementa and remove d brb (together,')"torn Remelt/a% <br /> (o) K the wand of Avalhalttu Funds &ascots ebe.rost of Brands' Kedmta7on and <br /> )immue Raioratioo, than In addition to &0aandd R= Ilion mad Minimum Rtstaretlon, tech On shall <br /> tmdrstett and complete In accerdanoe With this KM, to the extort of such excess Available Van* nth tuiditionai <br /> • liesooratirm of lmpnnt*nwts on the Pared as ninth (MOO;try y duct, <br /> Hotcfithstutding he foregoing,in Owaar shall not be requited to complete any rr uric other tlna Essential Restoration <br /> la the draw of adequate sutra=Guth the other Owner chat it has sufficient Available Ponds to carnpiete the <br /> Reetormion of tot Improvements, ' <br /> (a) Within a ressueable paled of time mach Restoration shalt be minced end completed. <br /> 5.3 gsdaglgtitaudgiOntitna.Except m the extent provided otherwise in,fit+ SA. U <br /> this Party upon whose Parted the damage to destruction hua uoctrred Li not obligated to restore an Improvement tint <br /> ' has been damaged or deutroyed,and if tench Piety elects tot to do ea,then it Abell tam such improvement (or such <br /> pc:. thereof as has tan dunned or decoyed) tad dear the arta of all debris cad landaape the ca- <br /> 5.4 Liability of Montana, Anything in this Article to the emrtssty notwithstantlinu, *then a Mortjegee <br /> or a third poly purl:ha er empires tide to a fee or leasehold cause by foeechwuto,dead in teen of fvroatoctat,potties. <br /> or sale In Slut of foteclosvrs(`FateFkcttte'), web Mastsageo,or Potehaaer, ate(to the terms of any Mortgagee <br /> law docnmetts, &halt be liable hr and required to parkas tha Restoration only ss follows: <br /> (0 <br /> (t) When the damage or Snowdon mein before the Porectottre from a peril required to be • C) • <br /> iastatxl under this REA or from a peril for which ittavtmce Is not required but for which that were norsetheine such C7 <br /> proceeds(but in either case only to the went of available insurance proceed* and V <br /> (2) ' When the datrtago of dextrwtion oocws subsequent to the:tococlos>rrt>s if it wen:a Peaty w <br /> under Seeschm S.Z. `le I t) <br /> 5.5 Cu¢trnov Btshdia>' Coitspo is The following ptovtsitrts dull apply to the repair, alteration or tV <br /> B.eaxtsratian of Common Building Components and to the crtcnt not inoonctstctt therewith are in addition to the <br /> provisions of Section 3A: <br /> (I) Bach Party owning icy improvement to the Property which contain a Common Building ,. <br /> Component shall maiataln,at its own cent and expense,such Common Building Component thereln in a good state <br /> of ropalr. T <br /> (2) Etch Party vwniuj any,improves:end'which uses way Common:Building Component #•, <br /> eoatainned in an Improvement *hI;dt lx not owned in whole or in pan by it shall not place upon the Common <br /> Building Component any burden which exceeds the asp ocipt of the Campion Butteing Component therefor, or will <br /> preview the Inc of the Impruvemern containing the Common Braiding Coetpoaeat fat its intended purposes. <br /> (3) Nothing inpboarttra s' Z shall ttectIIde any Party owning either et Improvement <br /> containing a Common Building C'capoaent of a berefittod linpcuVca i±t, as the talc may be, from performing arty <br /> wnsttaction writh,n:erect to Its Imptovemanu <br /> (a) DMiej s contraction tier Pasty by what of on whose behalf sutht construction <br /> !t tiding dote shall. as its own orwt and mane, provide sods teroporny teeniest may Ix;ntcetsy to perform <br /> the function perforates' by the Common Scalding Component In questiuo. or to increase the capacity of, or <br /> suppietnear, the Common Building Gamponwat in cadets to the caveat necesacy so that the oonstractian door not <br /> prevent the tuc of the he matted Improvement for its intended ptttpase. . <br /> RECORDS SNEMt <br /> PQUsREOORdt6DUETO <br /> GlItticiYOFORIGINALOOCUMENT <br /> . , <br /> • <br /> ,1 . <br /> • <br /> • <br /> • <br /> • <br /> • <br />
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