Assumption of Alteration Agreement
Whereas, simultaneously with its execution and delivery of this Assumption of Alteration Agreement, the undersigned is becoming the owner of the shares in the (the "Lessor Corporation") and the proprietary lease appurtenant to Apartment (the "Apartment") in the building known as and
Whereas, the Corporation rules provide that any person acquiring an apartment shall assume any and all obligations and responsibilities of all prior Shareholder(s) for any alterations, modifications or structural changes to the apartment, and
Whereas, the Corporation is authorized not to consent to or register the transfer of the Apartment to any person unless and until such person assumes the obligations of all prior Shareholder(s) under the Agreement;
Henceforth, the term "Shareholder" as used in the Alteration Agreement shall include the undersigned. Any breach of this Assumption of Alteration Agreement or of the Alteration Agreement shall constitute a breach of the lease appurtenant to the Apartment. This Assumption of Alteration Agreement shall be binding on the undersigned and (his)(her) estate, heirs, executors, administrators, personal representatives, successors and assigns.
State of New York )
On thisday of, 20, before me, the undersigned, a Notary Public in and for said State, personally appearedpersonally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s) or the person upon behalf of which the individual(s) acted, executed the instrument.