ASSIGNMENT OF AGREEMENT OF SALE
COMMUNITY ACQUISITION AND DEVELOPMENT CORPORATION, a Delaware corporation
("CADC") hereby assigns all of its right, title and interest in that certain
Agreement of Sale ("Agreement") dated March 1, 1999, by and between RANCHO
MIRAGE MOBILE HOME PARK, an Arizona partnership, as Seller, and CADC, as Buyer,
as amended by that certain Deferral of Data Approval Notice dated April 20, 1999
to CAX RANCHO MIRAGE, L.L.C., a Delaware limited liability company ("CAX").
CAX by its signature below, hereby acknowledges this Assignment of the
Agreement.
This Agreement may be executed in counterparts and by facsimile, each of
which shall be fully effective as an original and all of which together shall
constitute one and the same instrument.
Dated this 6th day of May, 1999.
Witnesses: COMMUNITY ACQUISITION AND DEVELOPMENT
CORPORATION, a Delaware corporation
/s/Xxxxxx XxXxxxxxxx
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Name: Xxxxxx XxXxxxxxxx By: /s/Xxxxxx X. Xxxxxx
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Name: Xxxxxx X. Xxxxxx, President
/s/Xxxxxxxx X. Xxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxx
Acknowledged this 6th day of May, 1999.
Witnesses: CAX RANCHO MIRAGE, L.L.C., a Delaware
limited liability company
By: Commercial Assets, Inc., a
Maryland corporation, its sole
member
/s/Xxxxx X. Xxxxxxx By: /s/Xxxxx X. Xxxxxx
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Name: Xxxxx X. Xxxxxxx Name: Xxxxx X. Xxxxxx
Title: Chief Financial Officer
/s/Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
