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M • <br /> B~1 i391PG1510 <br /> <br /> d_ <br /> MODIFICATION TO NOVATION OF LEASE <br /> BETWEEN CITY OF SANTA ANA <br /> AND <br /> RIVERVIEW GOLF <br /> THIS MODIFICATION to Novation of Lease is entered into this <br /> ~ASTday of ~q p~ ~ , 1975, at Santa Ana, California, <br /> between the City of Santa Ana, a chartered municipal corporation, <br /> hereinafter called "LESSOR", and Riverview Golf, a California cor- <br /> poration, hereinafter called "LESSEE". <br /> R E C I T A L S <br /> 1. On March 11, 1974, the parties hereto entered into a Novation <br /> of lease of certain real property in the City of Santa Ana along <br /> the Southeasterly boundary of the Santa Ana River channel north <br /> of 17th Street, in said novation of lease, the parties hereto agreed <br /> to extinguish a prior lease dated November 21, 1966, and to completely <br /> replace said lease and amendment with the new lease agreement con- <br /> tained in the novation. <br /> 2. Under the terms of said novation of lease, LESSEE must seek <br /> consent in writing to any assignment, subletting or concession <br /> in said novation of lease. Furthermore, if said novation of lease <br /> should be used as security for any loan or the repayment or replace- <br /> ment of any loan, the proceeds of which were used to develop and <br /> improve the leasehold, and said lender desired to foreclose, LESSOR <br /> would be required to accept said lender or a purchaser from said <br /> lender in lieu of LESSEE and such foreclosure sale or assignment <br /> would not terminate said novation of lease. <br /> <br />