Assignment and Assumption Agreement,.,
ASSIGNMENT AND ASSUMPTION AGREEMENT
This ASSIGNMENT AND ASSUMPTION AGREEMENT is made as of the 1st
day of January, 2001 by and between LINCOLN PLAZA PARTNERS LLC, a
Florida limited liability company ("Lincoln"), and LNR JEFFERSON, LLC, a
Florida limited liability company ("LNR").
Lincoln hereby assigns to LNR all of its right, title and interest in and to that
certain Agreement of Lease between City of Miami Beach, Florida, as Owner, and
Lincoln Plaza Partners LLC, as Tenant, dated September 1, 1999, recorded
September 3, 1999 in Official Records Book 18770, Page 447 and that certain
Development Agreement between City of Miami Beach, Florida, as Owner, and
Lincoln Plaza Partners LLC, as Developer, dated September 1, 1999, recorded
September 3, 1999 in Official Records Book 18770, Page 673, both of the Public
Records of Miami-Dade County, Florida, each such document being with respect to
the real property described in Exhibit "A" attached hereto and by this reference
made part hereof.
Lincoln warrants and represents to LNR that said Lease is in full force and
effect and that no default exists or will exist as a result of any action or inaction by
Lincoln occurring prior to the date hereof.
By its execution of this Assignment and Assumption Agreement, LNR hereby
agrees to accept said assignment and assume all of .the rights and obligations of
Lincoln arising under said instruments from and after the date hereof.
IN WITNESS WHEREOF, Lincoln and LNR have executed this Assignment
and Assumption Agreement as of the day and year first written above.
WITNESSES:
~e 'L
~•~
LINCOLN:
LINCOLN PLAZA PARTNERS LLC, a
Florida limited liability company
By: SRC Lincoln Plaza LLC, a Florida
com any, as
Ma ember
By:
Scott Robins
Managing Member
.~
STATE OF FLORIDA )
ss:
COUNTY OF MIAMI-DARE )
PRESIDENT
The foregoing instrument was acknowledged before me this ~1~ day of
February, 2001, by Scott Robins, as Managing Member of SRC Lincoln Plaza LLC, a
Florida limited liability company, the Managing Member of Lincoln Plaza Partners
LLC, a Florida limited liability company, on behalf of such limited liability
company. He is personally known to me Eor pro/duced a valid Florida driver's license.
My commission expires: Notary Public, State of orida
Print Name:
,•~y~",,, Ronald Nbert, Jr.
STATE OF GEORGIA ) *~ ~ ~ ~ ~~~ a~R~s
~ :< ~rI ~o. zoos
SS • • „jji ~5~~. BDNDED TIIgU iADY FAIN M~URANCE. INC.
COUNTY OF F'~ 11-an )
h
The foregoing instrument was acknowledged before me thi~ ~ day of
February, 2001, by (Ylc.ctl ~ • c; FF~~h as Vcce_ Pte; «~' of LNR
Jefferson Holdings, Inc., the Managing Member of LNR Jefferson LLC, a Florida
limited liability company, on behalf of such limited liability company. He is
personally known. to me or produced a valid Florida driver's license as
identification.
~.~~.
My commissio~~~ir~~e~,
~~~ oTAgy9~cr
,r,Q': ~ ;
My Comm. Exp.
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LINCOLN:
LNR JEFFERSON, LLC, a Florida
limited liabi~itx company
By: LNR
its M
N HOLDINGS, INC.
By:
Its:
P c
nt Name:
2
WITNESSES: