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13.1. I€-the Lessee pays part but not all of the rental
due in any given quarter and said failure to pay all of the rental is
due entirely to the failure of one of the members to pay their prorata
share a~ the quarterly assessment afrental, the Lessee ehall have.sixty
(60) days to institute legal action against such member pursuant to the
By-Laws and the Declaration of Condaainium in order to collect said
prorata share of the rental provided, however, that the delinquent por-
tion of the rental paya~ent shall bear interest at the rate of eight per-
cent (8X) from the time it shall become due, and further provided that
the Lessee must take imnediate action against the delinquent member to
collect same and pursue such action diligently.
13.2 If a sublessor or a third party, other than a mort-
gagor as contemplated in Section 16.2 of the Declaration of Condaminium,
acquires title to a condominiwa unit by virtue of having acquired a lien
upon the unit during the term of the t-~ase, the party acquiring title
shall be required in order to hold title to the unit to enter into a sub-
lease or an assumption of the sublease ~tith the sublessor.
14. @i~.<'~"~' DOMAIN. If the whole or any part of the leased
premises shall be taken by any public suthority under the poWer of
eminent domain, then this Lease shall cease on the part so taken from
the day possession of that part shall be taken for any public purpose, ~
and the rent shall be paid up to that day.
14.1 The rent thereafter shall be reduced in an amount in
proportion to the value that the condemned portion bears to the total
value of the land as determined by the Lessor's appraiser at tfi e time
of the taking. .
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14.2 If such portion of the leased premises is so taken ~
as to completely destroy the usefulness of the premises for the purposes
for vhich the premises are here leased, then, fran that day the Lessee
shall have the right either to terminate this Lease by written notice
given by the Lessee to Less~ within thirty (30) days after such day, or
to continue the possession of the remainder of the leased premises under
. a11 of the terms herein provided.
14.3 All damages awarded for such taking shall belong to
' and be the property of Lessor, whether such damages shall be awarded as
! compensation for diminution in the value to the Lease or to the fee of
f the leased premises.
15. HOLDING OVER. In the event Lessee remains in possession
of the leased premises after expiration of this Lease without the execu-
tion of a new Lease, it shall be deemed to be occupying said premises
ae a Leasee from month to month, subject to all the conditions, provisions ~
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and obligations of thie Lease.
16. WAIVER. One or more waivers of any covenant or condition
by Lessor shall not be construed as a waiver of a aubsequent breach of
the same covenant or condition, and the consent or approval by Lessor to
' or of any act by Lessee requiring Lessor's consent or approv~shall not
deem to waiver or render unnecessary Lessor's consent or approval to or
of any subsequent similar act by Lessee. ~
17. T@~ORARY REDUCTION IN RENrAL. If any lending institution
acquires a condominivm unit in VILIA DEL SOL, INC. as a result of having
had a first mortgage on same whether it be by mortgage foreclosure or
acceptance of a Deed in satisfaction of the mortgage, the rental due from
t he Lessee shall be reduced in an amount equivalent to the prorata,share
of the rent due fram the lending institution by virtue of their ownership
. of the condominium unit, provided that the lending institution's assess-
ment is reduced by their prorata share of the rental, and further provided
that said condominium unit is not occupied or leased. Upon occupancy, sale
or lease of said condominium unit, the rental payment ahall be immediately
reatored to the former amount. ~
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