RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Core 4 Trust
Exhibit 10.02
RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
Core 4 Trust
0000 Xxxxx Xxxx Xxxxxxx, Xxxxx 000
Henderson, NV 89074
_______________SPACE ABOVE THIS LINE IS FOR RECORDER’S USE_____________
Exempt pursuant to
ARS Section 11-1134 B 1
DEED IN LIEU OF FORECLOSURE
FOR VALUABLE CONSIDERATION, receipt and sufficiency of which is hereby acknowledged, Extracting Point, LLC, a Nevada limited liability company, herein called “Grantor,” does hereby convey and warrant to Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx, Trustees of the Core 4 Trust dated February 29, 2016, hereinafter called “Grantee,” whose address is 0000 Xxxxx Xxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000, the following real property situated in Maricopa County, Arizona:
Lots 34 and 35, Black Canyon Industrial District, according to the Plat of Record in the Office of the County Recorder of Maricopa County, Arizona, Recorded in Book 64 of Maps, Page 8 Commonly known as: 0000 Xxxx Xxxxx Xx., Xxxxxxx, XX
together with all tenements, hereditaments, and appurtenances, including easements and water rights, if any, thereto belonging or appertaining, and any reversions, remainders, rents, issues, or profits thereof.
Pursuant to ARS 33-404 A, the beneficiaries of the Core 4 Trust are: Xxxxxxx Xxxxxx and Xxxxxxxx Xxxxxx.
THIS DEED is an absolute conveyance, and is in full satisfaction of Grantor’s obligations to Grantee of all obligations secured by Deed of Trust and Assignment of Rents dated the 2nd day of April 2019 by Grantor to Xxxxxx Title & Xxxxxx, as Trustee for the benefit of Grantee as beneficiary, recorded as Instrument No. 20190231880 on April 3, 2019 in the Official Records of Maricopa County, in the State of Arizona (“Deed of Trust”).
| Page 1 of 2 |
GRANTOR declares that this conveyance is freely and fairly made in exchange for a settlement of the debt and obligations of the Grantor to Grantee as more particularly described in the Deed In Lieu of Foreclosure Release and Settlement Agreement dated as of ______________________, 2019 (“Release Agreement”) executed by the parties.
DATED this ________ day of __________________ 2019.
GRANTOR
Extracting Point, LLC, a Nevada limited liability company
By: ____________________________
Xxxxxxx Xxxxx, Manager
| STATE OF_________________ | ) | |
| )ss | ||
| COUNTY OF________________ | ) |
On _____________________, 2019, before me the undersigned, personally appeared Xxxxxxx Xxxxx, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person or entity upon behalf of which the individual acted, executed the instrument.
_________________________________
Notary Public
| Page 2 of 2 |
