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~ ~ property aontaiasd Mithin the aforamentioned real eetate. Such ~
~ other l~a~e~ to tho leasaea shall further be made only upon-the ;
followinq conditions: ~ ; ~
ta) Tho Leesss~in any auch qther lease shall be au other
. lessee as defined abovo. ~ -
(b) ~Thait propsrty ~ithin th~ development mentioned above
owned in fee s le or leased or ~
imp qoverned bv such other lassee
is~ or will be developed with improven?ents containing lots, units„
and or tract~ iri_ 3iaproved condition, at the tfine of the oxecution ;
~ of such other lease.,. w ;
. - ~ ~ r ~ ~ ~ ~ - ~ ~ ~ • '
(c) ~~Thi leasi ~~`to the demieed premises qiven to an. other ~
leseee be substa~ti~~.lj~ ~hs a~uae ~s this lease ~except with re~
qard tb tli~, ount ~of ~cent aet f~ in Section 6 h~reof ~to be ~
paii ta~th~ ~s; ~ r. an tha percen age of obliqa~tions defined in
S e c t i m
n a~ t
d ; a,~~ a l l o c a t e d t
o t
h e L
e s s e e i n Se c t i o
n 7 .
7 y as N
~ t h~ c o n
te~
c
t a~$ et: o f $uc h o t
her L essee s ha l l perm i~; to t he .
enc~ and; ' t~ 1~ha~'; ve~,~ . occ an ;
. ~ up cy and po$session of=the de- ,
~ mi~ed pr~~ s~s by d all of:~uch.other lesaees ehall be in ~
_ recogni~ton~ ,~a~~•ao~~~~,~n~#.ve ~titli.=the rights of this Les~ae t
under ~i,~ ~ l~ai~a= , ~i~heic ~Y~esae~ undeic other leases sa,that ~
the bufde~ ~ o~ t~iq~ -irt k~s~,tng. and perfonaing its covenants ;
and pio~li.'s~s hey~ein :~nn shal~--a~it ~a. int~~ceaaed axeept a j
9reater; v~~ ~f ~hg~
~~i$+e'~~'14i~ prem~sa~a' b~ reaeon of a q eat¢~r num-
ber of ~,1,o~tse~a..~n. pO~~essioa way ~fn~vifla~?ly and unavo~~~y re-
, quire. ~ . ~ - ~ , . -
t ~ t _ 's~ ' . • .c ~ ' • - ' . 1~' t
~ :
- Zti.- ~1e ~.~a~~~~h~ ~`~seda~ ~~'l~efatu~t . . ~ ~ ,
in the bY any oth~~ ~essee
ger orm ce o any o~ ta covenants and promieep ~ntained•.
in its'l~s~et~n a~ ~t,~iir'aat~b , cmission_or~ cc~mmiaeior~ ~y any i
other I.e~~ee- $h 1~~~,eonst~uid. ~ eonsidered ta) a~ a breach '
. by th• ~ a~t ot ~ay;-~f ite, .pr oes and eovenants in t~s . lease ~
~ : made; or ) ~a[~; aa ~~etual, _ `iinpli or vonstructive dvictfon of '
the Lessiie frs~ th~: ~ad. p~ st~g by _the Lesaor or - ati~one I
actinq " b~r,- t~'ou~lr;~~~e~ r~ for t;_ ~or ta) aa an excuse,~ justi- ~
fi~cation, ~wa~vs~r: o i~fd~~~~ance _ t.~e Leseor to~ the .LesseQ of •
. ~ the Leee~t ` s~~i*8~"~ ~ ~u11; = ct~aap~~t,~ ,a~ad continuous ~erfc~mar~ce ~
. of its coven8nt'~, an~ ~roanisas he~rein~. - ~ j
~ 4~.: ~ US .0~ ~+~RSI~II~i83s ~ ~r~ • ; - . - ~ ~ ~ .
_ ~ . - y ' _ - , .
•:..,n' . . . i? . • r ' r'.~y . - . 1
"1. f intei~t~c~. .~2~e Las ep_ i~ ~:th8 Co~dominiwa Asaociatio~ -
- of a Condomi'h um~ moxe?.-par~icul~y d~ecribed ,in it~ Dec~sation
~ of Condominfum -rec~~di~! ~in- Offfc~al $edorda Hook 181" p~q~Q~ 40 ~
throug~ ~9? inclusiv~t ,~of 'the Pubi - = Recosda of st. ~icie, ~bunty, . ~
Florida, :_.wh~=ch~ ~3~ ` leto -in ~~av,~ry~ Yespect oxcept a~en nts, ,
` ~f eny: Saixl con ~fv~pp~ is - h~roin c~llea "The Con8oa4i~a#ua" .
Tracts 1 th~o, h; ~'noluaive ia or:~=~lia11 1~e fn the fu~ur`e` im- '
proved, but n~ ~ r~sp~ tive~.y, w~~i inclu~dinq, but not limited to, i
offices, parkinq, roo~coation ha11, beach facilitiee and .b~th
. hougen. ~ Ia et~terii~q ~,~nto thin L~ns~,_ the Lessee, as as3~ociatiori j
of ~1~: Condominf~ ~1~y doni ~a `to .make available, on a nonexclu- ;
~ siv8. b~eia, the ~.~l,bd'.pre~a~ie~s=:~or tt~ recreation, l~feure
time activity, ~ use,
:l~inefit a~d<~en~oymsnt of the unit ownera and/ '
or occupanta of th~~t perty of The Condominiwa as they may from
time to tim~ exiat; f ing ~ho te~. o~. t~is Lease. ~
' . . j t : ~ ; ~ ' r;+ ' ' ~ • ~
~ 2.~ Ri h~~to Us~.~ The Lessee ~hall have the ~iqht to ~
~ use, ocaupy~an o~ssss s damif~~ pramises on a uon-eicalusive .
. basis in coaimod Kitfi~such qther~ptrsona; real and corporate, ~ho
Ao~ER a aR~N~~r may be ather l~saees ;of the demie~d pramises. ~
•~iopY[Yf AT L.Aw. RA. . ` ; _ . ' ~ . . ' ~
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~A?sMOOt 6AIWf1N ~ ~ ~T` ~ .i . '
•NOMINP CiNT~11 - .
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• ~AD~NTON. IlOI110A . ~
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