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a~socfation.- Th~ •ame ~hall not r~duce or abate any other of t
the promisss and aovenant• o! th~ Lessea herein. The fore- i-
cloaura of au in~titutional firot mortqaqae's lien shall'riot
operate as an extinqui~hmsnt ot thi• leasa in whol• or in part j
or a• a tesmiaation of ths Leoeor_'a lian, aa aforesaid, as
aqainst th~ entir~ condominiwn property or~the condominium ~
parcel so forecloaed. Upon an i~c~atitutional first mortqaqee
convsying ite titl~ to tha condominium unit so acquired by it,.
ths foregoinq abatement of reat ahall im~nediately cease an8 ~
~ teriainata . = Y ~ ~
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• 6. ~u~.omatia=_ CQne ti arid'~Ratification of thie I,eaae ~
. b Unit O~rnax~s an ers. e ap~c ca y recogn ze ~
a~' i
un ers ~ a aoa~ o~r a 1 of th~ persons comprisinq th~ orig- ~
inal board of diractors a~d the of#icers of the Associ.ation ~
are also officers, directore and/or stockholdsrs of the I.essor
corporation undor this Leaao, and that ~uch circwastance of in- '
terlocking board of di~eotors. officers and~or stockholders i
shall not and cannot bi~ construed or considered r~a a bre~ch of ~
their duties to the Asaociatioa nor as possible grounde to in-_
validate this Lease in~:wholi or~iti part. $ach and every person, k
whsthar real or corportta, who shall take ar,y interest wi~atso- '
~ ever. in oi tq Tho Coadc~lmi.niv~,' r~col~ded in~ Official Recoids Book ~ -
182 paqes 40•throuqh 9? inclueive-of the Public Records of St. t
Lucie Couuty, Florida,_any of The~Condomfnium's propertiea, i
or in or to a~ny condom~.nium unita=in The Condominium after the
reco=dinq of this lease, by acaeptance, delivery or ths recording~
of the dead, contract, gr~t,.asoiqnment.or other instrup~ent ~
qranting, conveying, oi providinq`for such interest, or by the ~
~ mere first exercise of'the riqhts•or uses qranted herein, ehall '
be deemed to conaent to and ratify ~ithout further act beinq ;
required,:the provisions pf this~laa8e and especially the ~pro-
;
visions of the entir4 Sectione 8~tnd- 9 to the same effect and '
~ extent as if cueh peraon or person~ had executed this lease with ~
the fonaaliti~s~requt~ed in deeds, for the purpose of subor-
di~natinq and/or subjectinq such pereon or persons' intereets, ~
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in full, to the terms of~ this lease a~nd grantinq the lieri riqhts '
. ~ to Lessor provided for in Socti~n8~. .
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9. I.ESSOR' S RtGHT T0~ AS3IGDia AND ENCUMBER. The Leseor shall i_
have the r g o ass qn enc er s interest.under this ~
. lease and to the denis4d premioes as herein provided. ~
l. Exietinq,~ortgaqes. The demised premises and~other ~
lands are~sub.eo to ex s aq aqss qiven by the Lessar ~
,
and/or others+~-td Citf ~ena .Sanl~~ i" rust Cmmpany of Sarasotia~,
Florida and Wal~sr QelYar Compfny of Florida, Inc., whiGh
mortq~ges haw been, os a~ill be, ~~ecorded izi the public ~tecords ~
of St, LuCie Coun~y, Florida, ~ aiid`;..rhich are not sub ject to the
prOVisions ot Sea~i~n l6 of thi~ ~oas~. The demi8e hsrefnzmade~ ~
s~subject to satid ~ortqaqe~. Thi Lesaor, not the Lesseri, shall !
~ ~erfarrm all of the cov.en~ata o~ tha mortgaqor in each ca~e~therei
~ae . . . ~ ~ _ , . ~
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- 2. ~'urth~er Mort a ea . The, LesBOr shall havo the riqht ' -
at all timee o ur er a ~onally mortqage and enoumber ~
ita inters~t~ tiudear this leaeo'a~ ia and to the demisedr`-premises~
and the I.4~ses'~ f~t~raat ~in atnd ~.o.~the ~ame shall at al~ •times ~
be subordiaa~s au~ infirior to thp~• of such additional ~tsd ;
further mort~qep, provided th~ ~essee shall at all timea have
a~~~,~„ the right to se_, o~0~y e~d~ enjoX .t1~e demised. premiaes in ;
.-~o~rcrs wr uw. ?.w accordanoi ~i~th ~th~ praviaiosit: O~; tlri~ 'tease so lonq as it shall
. o.o= pertorm. all. o~ ito promia~~ anc~ ~vai~ar?ts ae hereiA provic~ed.
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