HomeMy WebLinkAbout1985 - Amendment 1 to Cross Easement Agreement - Southcenter Shopping Center Corporation - 8506281582 iti �-C n
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THIS &paw, entered ,into as of the lst day of Jul;, 1985, O�
by and �^�g SQQUIHC MI M C...�` E 00RPOPATIOP; a Washington corpo-
ration, "Centerdd')., OONNECTICLIT GFTMM LIFE INSURANCE CaVANY, a
R
ton "Connecti.cut BONOCM OORPORA'IZON, a,Washingt
Caimect .cut ..orpora on
c
eo ration 'Bone
r rpo om and ALLIED S'i?ORES COF�ORAT3(I, a Delaware corpo-
LS:: fly, fig #iS�2
E
GA
PEr D F 9.00
W I T N E S 'S E :T H r a N1L
**.**g. 00
WHEREAS,: under date of March 31, 1966 the parties entered -into
a Cross= 7 .Agreement "Agreement) with respect'to.gremises located'
�n. the. Ci o€ Tutavila Was. tan a short form of which, dated the same
tiY
a PS date'; was recorded on March 31, 1966 tinder King County. A�.iditor's File
No., 6008265.;
the parties wish to amend the Agreement, effective as
of the "date hereof;
NOW, THEREFORE, in consideration of Ten Dollars ($10:00) and
other -.good and valuable consideration,,the.receipt of which is hereby
i
acknowledged, -the parties do hereby agree that ,effective as of the date
hereof, the Agreeiient is amended in the following. respects:
1. .Par- agraph 1 of the Agreet is amended by deleting from
the.second line ,'thereof the word "forever
Z. Paragraph 2 of the Agre®ent is amended by deleting frcm
A R
the second line the word "forever
a
3 :Paragraph 2 of.the
x Agreit is further amended by deietix�g.,,
the last sentence thereof and substituting the followicg in ice; place and
Bread:
"Upgn the cessation of of the building
located on the real property deseribed'in
Exhliit "D" as a' artment store
Boncom
ma erect up to'350,OQ0 square feet of °.gross.
7 leasable area. (a -F the' existing
-impr ovements
are retairied their square footage shall be
cotaited is det n no sas d 350, 000
s
feet): on the real property described in
F ln'bit 'W' (in :,one or more b i ldings) and
such expansion shall riot constitute a vio=
r lotion of.the grant of said easements, pro
�M vsded, however, that such expansion shall not
jq
i; materia.L-y interfere with ingress to or egress
�f
Ervin the Shopping Center, aver the; access roads.
currently or hereafter in ex
istence�on the
Boncom Property as shown on Exhibit B -1 to the
t
t to Four. Party Agreement,. "executed
s l taneously here%Ath
4.,.A new Earagraph 4 is added :to the Agre�nt, reading as
follows
M1,
"4. The -conW ed her r. shall
;.terminate and expire oft June 30, 2045, provided,
however, that ii Boncotn elects to ea.pand on the
Prop�3' described uz Exhibit as recite
i t Paragraph 3 zi o it shall ;not Cormecticut
T
An writing `of such of: expansion and Cflimecticut
.may, 'within three m�nths:after,it receives .notice
Of Sllc�1' expal131on, .`t than Agreement b
written notice to Boncom In the event of such
t Pn+i*+a tion Cormecticut,shall' continue to retain
a nonexclusive easement over tte present access.
a\t roads an the-reeal deseribed in Exhibit
p er
OD
2045
6-A t�l June..30� 2
7
rr 5 Paragraph 4.of the Agreement is renumbered Paragraph 5
r 6 Paragraph 5 'of the Agreement is ranuibered: Paragraph 6
All other teims and eondi.ti.oris o the Agreeit shall remain;in
_full."
force and effect.
s Notwl thstariding anything to `the contrary herein contained; it is
;understood And." a reed that the rights "of expansion contained in.Paragraph:.3
the expiration date and the righto f temination contained zn Para
graph''4 -are subject, to the tezms and conditions of: that certain lease
:between Centerco ,and J. C. Penney Company, dated June- L3, 1963, as said.
lease' has -ieen amended. March 21, 1985.
through.
r Centerco, ,�as the lessee of the real_ property described- in
is iri and consents• to tine exe`.stioi of this Amendment.
Prof
Allied as the lessee of real" erty described 3n Exhibit "C
loins in and consents to the execution of this hneft&ent.
?N WCZNFSS WHMW the duly executed this'
i 3
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a eardd'IW6a d` E:::Hassler "and;:FrankR:; -Elie' to irie '1a�awn "ao be', %tlie-
PP.:.
r.' Viee:•Preside�t:ad`:A�e`Seere <res' T ct'ively
.pe.
ed_ahe fore
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and whm act of s `rati ai fdr` "lees
,aridi °';deed.
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ses.:there3n .meritanecl- and` :'ari:::oatli stated :that'th
1
thoriz
to .execute ..the =:aai.d> u�str�m�ent .an ::aff�sed��isettie:�.
ed:
d'Y;ttat`'tle� ��e31 corpar..ate'
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and deed�,.of �CI(�1A•. i'ta7,P�Advsers, �Iric�.:; fdi�l: `aittiori:zedto'reXeeute'
Iii-- hoe: `on` b'ehal f of Cectciit General Life y_
Insurance ''for'
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the' ises.':anl ses therein:. mentioned; ad on oath:`stated- ttiat�' are
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W1'Il�'S$ my hand and official `seal':;liereto affirmed day.
j year fiist °above wntten
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