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and execute such instxumonts as may be required or rcquested
by the Lessor to effectuate such tranafer or encumbranco.
c. Each of the partics hereto aqrees to provide tho
other, within fifteen (15) days after written request~ therefor,
~ a statement of the status of the Lease, in writinq,advisinq
whether the Lease is in qood standinq, and if it is not,
~ the particulars in which it is not= and failure to provide i
such statement shall constitute a representation that }
the Lease is in qofld standinq w~hich may be relied upon by
' any third party as befnq true and~correct. ;
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d. Al1 obliqations assumed and imposed by the terms
and conditions hereof are covenants runninq with the land
; an3 shall pass successively upon the occasion of any transfer i
or assiqnment of an interest in the Demised Premises or this 1
Lease.
20.. Duty of Lessee ~to Pay. It shall be the duty and obligation
of the Lessee to assess fts condominium unit o~wners, in accordance with
the provisions of the applicable laws of the State of Florida, dealinq
witti condominiwas, the Declaration of Condominium and the By-Laws
of the I.essee for such monies as shall be necessary to pay the rents
and other obliqations provided for by this Lease, and to other-
wise perform its covenants and prontises contained herein. "
21. Lessor's Right to Perform Lessee's Covenants. In the
event Lessee shall fail to pay the costs o maintenance and repairs
required.to-the Demised Premises, or if it shall fail to take out, _
~rnaintain and deliver insurance policies required herein, or shall
otherwise fail to perform any other act pn its part coven~ted
herein to be performed by it, including the assessment against.
. condominium unit owners for monies necessary to pay the rents here-
in provided for and the other obliqations of the Lessee herein contained,
then the Lessor may, but shall not be obliqated to, without notice
or demand upon the Lessee, perform the act so omitted or failed to
be performed by the Lessee, or pay the monies which the Lessee has
failed or refused to pay.. If such performance by the Lessor shall
.constitute in whole or in part the payment of monies, such monies
; paid by the Lessor, together with interest thereon at the rate of
~ ten (10$) percent per annwa, shall be deemed additional rents due
~ and payable the Lessor on deiaand, or, at~the option of the Lessor,
~ . tha said monies may be added to any rent then due or thereafter `
E becominq due under the terms and provisions of this Lease, and ;
k the Lessee covenants to pay any such sums with the said interest,
and the Lessor shall have, in addition to any and all other riqhts
and remedies herein provided, the same riqhts and remedies as exist
pursuant to the terms and provisions hereof, as well as by operation
and rules of law, in the event of default by the Lessee in the pay-
meat of rent. ~
22. Quiet Enjoyment. The Lessor covenants and agrees with- the
Lessee that so long a~e Lessee keeps and performs all of its
covenants herein inade the Lessee shall have quiet and undisturbed
and continued possession of the Demised Premises subject only to
the tenas and provisians of this I.ease herein provided, and the
easements herein refe~red to.
23. Lessor's Ri ht of E~. The Lessor and its agents shall ~
~ have the riq~it
o entry upon e Demised Premises at all reasonable
. times to examine the condition and use thereof, and if said pre.~;?ises
are damaged by any casualty which causes the premises to be exposed
to the elemex~ts, then the Lessor may enter upon the premises to make ;
e~?erqency repairs, and it shall have the riqht'to recover the costs ;
..thereof fram the Lessee as additional rent due under the terms of i
f
. th3.B L@88e.
24. Title 'to Demised premises. The interest of th~e I.essee ~
ia tt?s pr es sub ject to:
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- -16- , E.
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~ 8a~i88 ~~1~166
uW p~'kp p/ 4pLpSTp~/, /1{ANKLIM. CNONIN e iCNRANK. r.A.. 20t0 NOIlTM[AST 1Si11D iT11tlT. NOIlTN MIAMI B[ACH. FlOR10A »162
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