HomeMy WebLinkAbout1766 ' . 1
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(1) Certain Takings I~ot Included. Neithcr a ~
takinq of less than fee sim~le title nor a taking of ;
ten (10$) percont or less of the apartmcnt units
contained upon said lands immediately prior to tha
. timo of takinq shall be construed or considered as a
takinq. For the purpose of this paragraph, a takinq
- , of an apartment unit shall have occured where at
least sixty (608) percent of the floor space thereof
has been taken. , -
(2) Total Takin~. If such taking shall involve
~ the takinq of al of the apartment units contained upon ,
~said lands inmaediately prior to the time of takinq, ~ ;
this Lease shall terminate, effective as of the date of F
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~ ~ . (3) Partial Taking. If the taking be greater +
~ than described in Paragraph 15 b. (1) and less than ~
• - the taki.nq described in Paragraph 15 b. (2), above,
. the rent provided in Paraqraph 4 shall be reduced,
~ effective as of the date of takinq, by a percentaqe
. figure equal to the percentage interest in the
common elements and in the conmaon surplus attri.butable ,
to the condominiwa units taken, provided, h~rever, that -
all other provisions of this I.ease shall remain in
full force and effect.
16. Commencement of Abli ~ations of 7~eas~ ~and Deliver ~of
' Possession. T e o iqation o Lessor an o Lessee pur-
suant to e terms aind provisions hereof, and right to possession
and use of the Dem~sed Premises, shall coimaence as of the date ~
of commencement of the term hereby. created . ~
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17. Securit . For the purpose of securing unto the Lessor
~ . the payment o 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 reasoa- of any advanceraents made
. to or on behalf of the Les"see by the Lessor, as well as for the ~
, purpose of securinq the performance of each and every one of the
; covenants of the Lessee herein contained for the use and benefit
; . of the Lessor, the I.essee does hereby grant unto the Lessor the
~ follawinq described liens which shall be cumulative, provided, the
E • Lessor may exercise one of more of the said liens without thereby
! waivinq the.others; or may exercise all simultaneously. -
~ a.~ Lessee'`s Interest. .The Lessee does hereby qive and
qrant unto Lessor a continuinq first lien paramount and
~ superior to all oth,ers upon all of th,e riqht, title and
interest of th,e Lessee ~in and to this I.ease and th~e Demised
Premises. ~ •
b. Lessee's Assets. The Lessee does hereby-qive and
grant unto ssor a continuinq first iien paramount and
~superior to.all others, includinq apartment awners, upon its ,
assets and co~non surplus. ~
c. Condominium Pro ert . The Lessee does hereby give
~ and qrant unto Lessor a continuinq lien upon all of the -
~ condominium parcels and.condominium property as described in
the Declaration of Condominium of the Condominium, includinq ~
all appurtenances thereto, nov~r or hereaf ter placed thereon,
all furniture, fixtures, furnishings, machinery-and equipment
neow or hereafter located th,ereon, kept or used in and about
includinq air conditioners, stoves, ranqes, refriqerators, hot
water heaters, and dish~rashers, said lien beinq prior and
superior to all other liens and encunnbrances except insti-
..tutional first mortqaqes aqainst cond~inium units.
d. ~ ~Oblf ation ~of Unit Owner. All liens provided for herein
ahall secure. paym~ent o a moni~es dus the Lessor hereundex
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! LAW O~IICq OI 00{~!T[IM. IRANKLIN. Ci1pMIM ~ iCi1AANK'.A.. 2020 NOII?MtAiT 1S~~o sT1lEtT. N011TN MIAMI BEAGH, FLORIDA 3~162
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