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10.1 Said individual members in all other respecta shall ;
be bound by the terms of this Lease, and upon terndnation of the condo- ;
minium, the Lessor ehall acquire the right to proceed individually
against the membere in the event they have defaulted under the te~s of.
the Lease.
10.2 Where the Lessor acquires the right to proceed
against the individual membera for a default, it is the intent of the
Lessor that the indi~ ~ua.l member shall be liable only for his prorata
share of the rental and costs to be paid under the terms of this Lease. '
11. SUBLEASB. Lessee as a aublessor ahall enter into a sublease
with each original purchaser of a unit in the form attached hereto as ;
Exhibit Number 1.
11.1 Subsequent purchasers of condominium •anits from the
sublessees shall be required to assume the sublessee's obligation under
the Lease, and the sublessor shall execute a consent thereto.
12. CONDITIONAL ASSICNMENr OF SUBLFASES. The Lessee, VILIA
DEL SOL, INC., shall conditionally assign each sublease to IANDMARR VILIAS,
INC. as edditional secu~ity for the payments of the rents called for
pursuant to Section 3 of this Lease. Such asaig~ments shall be in the
form attached hereto as Exhibit Number 2.
12.1 It is the intentions of the I.essee and the I.essor t
that such assignments.shall not act as a merger wherein the Lessee would
be released from all obligation under this Lease.
12.2 In the event of a default on the part of the sublessee
under the terms of the individual sublease, VILIA DEL SOL, INC. shall have
the right to elect to require:
a. That the sublessor proceed pursuant to 13.1
belaw, or
~ . b. IANDMARR VILIAS, INC. may elect to consider such
~ ~ conditional assignment of the delinqutnt sublease as a completed assign-
( ment and to bring appropriate action against the said Lessee under the
; terms of ~aid sublease.
13. NON-PAYMENP OF RENP. If any rent by Lessee to Lessor
shall be and r~oain unpaid for more than fifteen (15) days after same is
due and payable, or if I.essee shall violate or default any of the other ~
covenants, agreements, etipulations or conditions herein, and such viola-
tion or default shall continue for a period of thirty (30) days after
written notice of such violation or default, then it shall be optional
for Lessor to declare this Lease forfeited and the said term ended, and
to re-enter said premises, with or without process of law, using such
force ae may be neceseary to remove Lessee and ite chattels therefrom, and
I,esaor sha11 not be liable for damages by resson of such re-entry or
forfeiture; but notwithstanding such re-entry by I.Essor, the liability of
Lessee for the rent provided for herein shall not be relinquished or
extinguised for the balance of the term of thia Lease. It ie further under-
atood that Lesaee will pay, in addition to the fees and other s~ms agreed
to be paid hereunder, such additional s~s as the Court may adjudge
reasonable as attorneys' fees in any suit or action instituted by Lesaor
to enforce the proviaions of thia Lease or the collection of the rent due
I,eesors hereunder.
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