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HomeMy WebLinkAbout0333 ~ ; I ' ~ i . I - ; intended for use upon the~demised premises, sh~rll be a part • 4 the~eof and thereby the property of the Lessor, without pay- ~ ~ ~ ment therefor by the Leasor and shall be surrendered to the ~ . Lessor upon the expiration or earlier termination of thia lease ~ without cost or charge to the I,essor. The Lessee shall no~ ~ chanqe the desiqn, color, materials or appearance of the im- provements now or hereafter pl~a~ced upon the demised premises, ; or any of the furniture, furnishings, fixtures,.machinery or ~ equipment contained therein without the Lessor's approval. ~ 5. Lessor's O~tion. Notwithstanding anything con- ~ ! ? tained in~.1 an 7,2 Lessor shall have the right (which ~ it may exercise as frequently as it may~wish) to require the Lessee to pay'to the Leesor on the first day of each month during the term hereof, or such portions thereof as the Lessor ~ shall determine, the premiums for insurance which will next become due aizd payable , plus 1~xes ( impositions ) next due on the ~ - demised premises (or as reasonably estimated by the Lessor, notice of which shall be given to the Lessee), less all swns ~ ~ already paid therefor, divided by the number of months to elapse, ~ one month prior to the date when said premiums and taxes (im- ~ positions) shall become payable. ; . ~ 6. Lessor's Recei t in Trust. Sums so paid to and ~ received by t e Lessor purauan to .,7.2,and 7.5 shall be ~ held by it to pay said premiwns and taxes (impositions). ~ ~ 7. Limi.tation on Lessee's Liabilit . The Lessee's ` liability for e payment o axes an insurance premiums, as in 7.1 and 7.2 provided, shall be 100$ initially and shall change only as set out hereinbelow: (a) Decrease. Decrease to the extent that such ~ ' ~ percentage shal~. never exceed the ratio which the condominiwn ~ ~ ' units contained upon the lands of the condominium of which the ; ~ Lessee is the Association.bear to the total r~umber of condominium~ i ~ ~ units contained upon the lands of all lessees, including this ~ ~ ~ Lessee. Destruction, demolition, non-use or state of repair_of _ condominium units shall not be considered in calculating such ~ } ~ ~ ratio. ~ : (b) Increase. Increase to the extent that the ~ ; percentage shall never e ess than the ratio computed in 7.7(a),! ~ . eliminating f.~tem the total number of condominium units of all ! # Lessees,-condominium unita of other Lessees taken by eminent # domain and condomiaium units of other Leesees whose leases to the demised premises are cancelled or terminated prior to the ~ ~ tena hereof (whether or not such cancellation or termination , - be sought or caused by the Lessor) until and if ever a new lease is executed for the benefit and use of such condominium ; units. ~ ~ , ~ ~ ~ 8. SECURITY. For the purpose of securing unto the Lessor - ~ the payment o rent, taxes and inaurance premiums, and for the 1 } ~ purpose of securing the perforinance of every and all of the i = covenants of the Lessee herein made for the use and benefit of l the Lessor (and not another Leseee of the demised premises), the Lessee does hereby grant un~to the Lessor the liens described in ' this section 8. The liens so described ahall be cumulative and ~ the Lessor may exercise one or aome without waiving the others ~ or may exercise all simultaneously. " ~ AU~ER A GRANDORF j ?rioA!.Srs AT LAW. ?.w. ~ ~ a O- ~Ol[ ~Ol= ~ BAYSHOIIE 6ARD[Nf ~ ~ ~ qqq jj SNOOPINO C[NT[R ~ . Q ~ . . e? A D E NTON. /1OR10A ' ~ s~sos _ - TELEPNON[ ~1~•7S3•257~ ~ S _ - ' ' _ . -G.. j.~.''r - _ _ - '~z ~ ~ .