HomeMy WebLinkAbout0616 (a) If payment of the net award as
aforesaid shall not be received by Lessor in
time to permit payments as the work of restor-
ation and replacemen~ progresses, the Lessee
sliall, nevertheless, perform and fully pay for -
such work without delay (except for unavoidable
delays over which the Lessee has no control) and
payment of the amount to which Lessee may be en-
titled shall thereafter be made by Lessor out
of said net award.as and when payment of such
net award is received by Lessor. If the funds
to be applied by Lessor be insufficient to pay
the entire cost of such restoration, the Lessee
agrees to pay any deficiency and to deposit
the amount of such deficiency, as estimated by
the architect or contained in a contract with
Lessor to perform such work, prior to the work
being performed. ~
(3) From and after the date of vesting of title ~
i: suc:: rroc~~dAng, a j~ast gr~g~rtie.^. of t!:~ re::t.
according to the nature and extent of such taking,
shall abate for the remainder of the term of this Lease.
(4) If, after making the payments provided for in
Paragraph 15 a. (2) there remains any balance in,Lessor's ~
hands, it shall be retained by Lessor as its property.
(5) A Takin of Less than Fee Sim le Title. If !
all or any of the Demised Premises s all be taken by
exercise of the right of eminent domain for govern- -
mental occupancy for a limited period, this Lease shall
not terminate and the Lessea shall continue to perform
and observe all of its covenants as though such taking
had not occurred. In the event of such a taking the ;
Lessee shall be entitled to receive the entire amount
of any award made for such taking (whether paid by
way of damage, rent or otherwise), unless the period
of governmental occupancy extends beyond the term of
this Lease, in which case the award to the extent
; that it represents rent shall be apportioned between
the Lessor and Lessee as of the date of the end of
the term of this Lease. The Lessee covenants that
~ at the termination of any such governmental occupancy,
~ it will, at its cost and expense, restore the improve-
~ ments on the Demised Premises in as good condition as
~ when new, but the Lessee shall not be required to do
~ such restoration work if on or prior to the date of
such termination of governmental occupancy the term of
~ this Lease shall have ended. i
~ (6) Proration. ~Ia the event of the termination of =
~ this lease in full or as to any portion of the Demised
~ Premises as a result of a total or partial taking by
an eminent domain proceeding, the Lessee shall pay to
~ the Lessor all rent and all other charges payable by
~ Lessee with respect to the Demised Premises or part
~ thereof so taken justly apportioned to the date of
taking
~
(b) As to the Lessee's Premises. If, during the term
of this Lease ere s a e a a ing of all or a portion of
of the l~nds described in the Declaration of Condominium of
~ <
~ COLONNADES CONDO~iINIUMS, the following shall apply: .
~ t
~ ~
. ~ 12~ i
~
- eoax ~87 ~cE sls
~nW OFF+CES OF GOIDiTE1N. FRANKLIN. CHONIN S SCHRANK. P. A, 2020 NORTHEAST 187~D STREET. NORTH M~AMI BEACH. FI.ORiDA ~3162
_
E.~ „ ~
~~`"~`^A~i.''~5~__„~. .