Folio Number. (The folio number of the property must be included (if appropriate) and in circumstances where the address is insufficient to fully identify the property maps/drawings may be appended as appropriate.)
Folio Number. Reserved for Clerk ----------------------------- ASSIGNMENT AND ASSUMPTION OF LEASE ---------------------------------- For value received, HOLIDAY HOTEL CORPORATION, a Florida corporation, POINSETTIA CORPORATION, a Florida corporation, and LUBBOCK CORPORATION, a Texas corporation (collectively referred to as the "Assignors"), whose mailing addresses are x/x X. Xxxxxx Xxxxx, 16700 Xxxx Xxxxxxxxx, Xxxxx Xxxxxxxxx Xxxxx, Xx. Xxxxxxxxxx, Xxxxxxx 00000, owners of that certain real property generally located in Broward County, Florida and legally described on Exhibit "A" attached hereto and made a part hereof (the "Property"), hereby assign to THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, a Wisconsin corporation, its successors and assigns (the "Assignee"), whose mailing address is 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000, as of April 28, 1993 (the "Assignment Date") all right, title, and interest and obligations of the Assignors, if any, in and to any that certain lease of the Property between Assignors and Lauderdale Beach Association, a Florida general partnership ("Lauderdale") more particularly described on Exhibit "B" attached hereto and made a part hereof (the "Lease") and Assignee hereby accepts this Assignment of and Assumption of Lease and agrees to assume the performance of all of Assignors' duties and obligations as Landlord under the Lease from and after the Assignment Date. Assignors hereby agrees to indemnify and hold Assignee harmless from any and all loss, liability, cost and expense, including reasonable counsel fees at the trial and appellate levels, with respect to Assignors' performance or nonperformance of Assignors' duties and obligations as Landlord prior to the Assignment Date under the Lease. Assignee hereby agrees to indemnify and hold Assignors harmless from any and all loss, liability, cost and expense, including reasonable counsel fees at the trial and appellate levels, with respect to Assignee's performance or nonperformance of Assignee's duties and obligations as Landlord on and subsequent to the Assignment Date. This instrument may be signed in multiple counterparts, with each counterpart having the same force and effect as if this single instrument were executed by both parties hereon. The parties hereto agree that one counterpart will be recorded in the Public Records of Broward County, Florida. PREPARED BY AND RETURN TO: Xxxxxx X. Xxxxxxx, Esquire Shackleford, Farrior, Xxxxxxxxx & Xxxxx, P.A. Xxxx Xxxxxx Xxx 000...
