HomeMy WebLinkAbout0617 (1) Certain Takin s tlot Included. Neither a
taking of l~ss than ee s unple titl~ nor a taking of
ten (10$) percent or less of the apartment units
contained upon said lands immediately prior to the
time of taking shall be construed or considered as a
taking. For the purpose of this paragraph, a taking
of an apartment unit shall have occured where at
least sixty (60$) percent of the floor space thereof
has been taken.
(2) Total Taking. If such taking shall involve
the taking of all of the aparts+nent units contained upon
said lands immediately prior to the time of taking,
this Lease shall terminate, effective as of the date of
taking.
(3) Partial `l'aki.ng. If the taking be greater
than described in Paragraph 15 b. (1) and less than
the taking described in Paragraph 15 b. (2), above,.
the rent provided in Paragraph 4 shall be reduced,
~ffective as of the date of taking, by a percentage
figure equal to the percentag~ interest in the
common elements and in the common surplus attributable
to the condominium units taken, provided, however, that
all other provisions ef this Lease shall remain in
full force and effect.
16. Commencemex~t of Obli ations of Lease and Deliver of
Possessi.on. The obligation o e Lessor an o e Lessee pur-
suant to the terms and provisions hereof, and right to possession
and use of the Demised Premises, shall commence as of the date
of commencement of the term hereby created.
17. Security. For the purpose of securing unto the Lessor
the payment of the rent herein provided for, as well as the payment
of any other sums due and payable the Lessor by reason of the
terms and provisions here, or by reason of any advancements made
to or on behalf of the Lessee by the Lessor, as well as for the
purpose of securing the performance of each and every one of the
covenants of the Lessee herein contained for the use and benefit
i of the Lessor, the Lessee does hereby grant unto the Lessor the
E following described liens which shall be cumulative, provided, the
Lessor may exercise one of more of the said liens withaut thereby
s waiving the others, or may exercise all simultaneously.
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~ a. Lessee's Interest. The Lessee does hereby give and
~ grant unto e Lessor a continuing first lien paramnunt and
~ superior to all others upon all of the right, title and
~ intexest of the Lessee in and to this Lease and the Demised
~l'
Premises.
t ~
p b. Lessee's Assets. The Lessee does hereby give and
~
grant unto e Lessor a conti.nuing first lien paramount and
superior to all others, including apartment owners, upon its
assets and common surplus.
~
~ c. Condominium Property. The Lessee does hereby give
~ and grant unto the Lessor a continuing lien upon all of the
~ condominium parcels and condoininium property as described in
~ the Declaration of Condominium of the Condominium, including
all appurtenances thereto, now or hereafter placed thereon,
FK all furniture, fixtures, fur~ishings, machinery and equipment
~ now or hereafter located thereon, kept or used in and about
~ including air conditioners, stoves, ranges, refrigerators, hot
~ water heaters, and dishwashers, said lien being prior-and +
superior to all other liens and encumbrances except insti- '
~ tutional first mortgages against condominium units. >
~
d. Obli ation of Unit Owner. All liens provided for herein
~ shall secure e payment o a monies due tl,.e Lessor hereunder
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LnW OFFICES OF GOLDfT[IN. FRANKLIN, CMONIN Q SCHRANK. P. A.. 2020 NORTMEAST fBJ~O STNEET. NORTN MIAMI BEACH. FLORIDA »162
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