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RecDoc 2021-139036 477 Upland Road Sanitary Sewer Maintenance
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RecDoc 2021-139036 477 Upland Road Sanitary Sewer Maintenance
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Last modified
2/2/2022 4:56:19 PM
Creation date
9/29/2021 4:20:58 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
Sanitary Sewer Utilities Maintenance
Doc Num
2021-139036
Rec Date
9/29/2021
Address
477 Upland Road
Reso Ref
15980
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EXHIBIT . C" <br />Form of Assignment and Assumption Agreement <br />ASSIGNMENT AND ASSUMPTION OF <br />SANITARY SEWER UTILITIES MAINTENANCE AGREEMENT <br />(477 Upland Road, Redwood City, CA) <br />THIS ASSIGNMENT AND ASSUMPTION OF THE SANITARY SEWER UTILITIES <br />MAINTENANCE AGREEMENT ("Assignment") is made as of 2021, <br />by and between Bruce Posey and Dana Posey dated ("Assignor") and <br />("Assignee"). <br />RECITALS <br />A. Assignor and the City of Redwood City ("City") are parties to that certain Sanitary Sewer <br />Utilities Maintenance Agreement dated (the "Agreement"), which Agreement <br />commits the Assignor to maintain, repair, care for, and replace certain sewer improvements on or <br />adjacent to that certain real property situated at 477 Upland Road in Redwood City CA. <br />Capitalized terms not otherwise defined shall have the meanings set forth in the Agreement. <br />B. Section 16 of the Agreement authorizes the Assignor to assign the Agreement in its <br />entirety, provided that the Assignee expressly assumes all of the obligations set forth in the <br />Agreement. <br />C. Assignor desires to assign and transfer to Assignee, and Assignee desires to assume and <br />accept from Assignor, all of Assignor's rights and obligations as set forth in the Agreement. <br />AGREEMENTS <br />NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of <br />which are hereby acknowledged, the parties agree as follows: <br />1. Assi ng meet. Assignor hereby assigns sells and transfers to Assignee, free and <br />clear of all Liens, all of Assignor's right, title and interest in and to the Agreement. <br />2. Assumption. Assignee hereby accepts this assignment of the Agreement and agrees <br />to be bound by all of the terms, conditions, and covenants of the Agreement. <br />3. Effectiveness. This Assignment shall be effective as of the date first set forth <br />above. From and after such date, Assignee shall be entitled to all of the rights and bound by all of <br />the obligations set forth in the Agreement. Upon the execution of this Assignment, Assignee shall <br />constitute the "Developer" under the Agreement and Assignor shall be fully relieved of the <br />obligations hereunder and shall have no liability for any default or failure to perform occurring <br />from and after the date of this Assignment. <br />REV: 08-26-2021 SK <br />ATN/AGR.2021.117/Other (Page 20 of 21) <br />
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