HomeMy WebLinkAbout1797 3Z. Ca tions and Titles. The captfons and titles contained in
this Lease are or conven ence and reference only and in no way sball
serve to limit or describe the acopa or intent o! this Lease or
any part hereof.
33. Termination of Condaainium. A voluntary or involuntary
termination o e Lessee, or o e~ondo~ainiwn created by virtue
of the Declaration of Condwainiwn of the Condominfum, shall not
terminat~~his Lease. In the event of a voluntary or involuntary
termination of the Lessee, wherein the Condominiwa is not likewise
terminated, the successor association to the Lessee orqanized or -
constituted accordinq to the applicable statutes of the State of
Florida as contained in the Condominium Act shall asswne and shall
be charqed with all of the duties, obliqations and responsibilities of
the Lessee hereunder. In the event of a voluntary or involuntary
termination of the Condaminiwa all of those persons awninq a condo-
miniwn unit as of the date of termation of the Condo~?inium shall
auto~aatically and by operation of this Lease jointly and severally
constitute the Lessee hereunder and shall jofntly and severally be .
obliqated to perform each and every of the Lessee's covenants and
promises and undertakinqa herein provided for. Upon a condo~ainium
unit awner acquiri:nq an interest in the Lessee's riqhts under this
Lease, or becominq a Lessee under the terms of this Lease, by reason
of termination of the Condminium, his rights hereunder may there-
after be assiqned only if there then be no default in any of the
provisions of this Lease, and only if such assiqnment be in connectfon
with a sale, transfer, or hypothecatian of all of his riqhts in the
property which Was, prior to termination of the Condominium, condo-
minium property, excepting only and provided that any institutional
first mortqaqee which shall becaae an awner of a condaniniwn unit
or a tenant in c~non in what had been condoaninium property by
foreclosure or deed 3.~ lieu of foreclosu=e, shall not be liable
or obliqated in any way by the provisions of this section, but the
qrantee of any such institutional mortqagee shall be fully liable
and obliqated for the payment of a proportionate share of the
rental due and attributable to such conda~ainiwn unit durinq such
period of time as the condaninium unit shall be occupied by a
tenant or lessee holdinq under, by or throuqh such institutional
first mortqaqee. ~
34. Waiver of_ _R~i
h~ts. The failure of the Lessor to enforce
any covenan~-513ga
n
or aqreement of the Lessee herein contained
shall not constitute a waiver of the riqht to do so thereafter, nor
' shall it constitute a waiver of the riqht to enforce any other
~ covenant, obliqation or aqreement herein contained.
~ 35. Amendments. Once recorded, this Ninety-Nine Year Lease
_ may not be
amen~e~except by instrument in writinq executed by _
~ the parties hereto, duly recorded in the Public Itecords of St.
Lucie County, Florida.
36. C~o
ies. A copy of this Ninety-Nine Year Lease shall be
exhibited
or 3elivered to each person contracting to acquire~
a condominiwn unit in the Condaaai.nium fro~n the Developer, for the
purpose of makinq full-disclosure of all of the terms and provisions
hereof. Each such person expressly agrees and consents that minor
changes, deletions, additions and amendments may be made to this
Lease prior to the.recordation thereof, and without further advice
or notice to such person, for the purpoae of correctinq typoqraphical
errors, c~ataplyinq with the requirements of an institutional mortqaqee, - ~
or for other reason, provided auch.deletion, addition and/or ~
aunendmsat ahall not matrerially advergely affect t,h~e riqhts of such s
~ .
~ perso~a or of t1~ Leasee hereuader. ' ~
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