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13.1. If 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 af the quarterly assessment afrental, the Lessee shall have sixty
(60) days to institu~e legal action against such member pursuant to the
By-Laws and the Declaration of Condominium in order to collect said
prorata share of the rental provided, however, that the delinquent por-
tion bf the rental payment shall bear interest at the raCe of eight per-
cent (8~'.) from the time it shall become due, and further provided that
~ the Lessee must take iuanediate 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 Condominium,
acquires title to a condominium unit by virtue of having acquired a lien
upon the unit during the term of the Lease, 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 with the sublessor. a
14. II~fIATE~~ DO~fAIN. If the whole or any part of the leased -
premises shall be taken by any public authority 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.
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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 deternnined by the Lessor's appraiser at th e time
of the taking.
14.2 If such portion of the leased preraises is so taken
as to completely destroy the usefulness of the premises for the purposes
fnr which the premises are here leased, then, from that day the I.essee i
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 contir.ue the possession of the remainder of the leased premises under
all of the terms herein provided.
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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 I.ease or to the fee of
! the leased premises.
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~ 15. HOLDII~G 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
~ as a Lessee from month to month, subject to all the conditions, provisions
~ and obligations of this Lease. ~
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16, k'AIVER. One or ~ore waivers of any covenant or condition ;
by~Lessor shall not be construed as a waiver of a subsequent breach of ~
~ the same covenant or condition, and ~he consent or approval by Lessor to ~
~ or of any act by Lessee requiring Lessor's consent or apgroval shall not
deem to waiver or render unnecessary Lessor's consent or approval to or
of any subsequent similar act by Lessee. ~
~ 17. T~iPORARY REDUCTIO\ II~ REi~~AL. If aay lending institution ~
~ acquires a condominium unit in VILIA DEL SOL, IIQC. as a result of having f
R nad a first mortgage on same whether it be by wortgage 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 s'nare '
~ of the rent due from the lending institution by virtue of their ownership
~ of the condominium unit, provided that the lending institution's assess- '
~ raent 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 paymenC shall be immediately
~ restored to the former amount.
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~ sooK182 ~~E1376 ~ ~
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