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. b. The I,essor shall have the ri~ht to a~si~n and to en-
cumber its inte~est under this Lea~e and to the ~emised Prem-
ises without the consent of the Lessee, provided, hok•eve r,
that the Lessee shall, at the Lessor~s request, sign and exe-
cute such instrurr~nts as may be required or requested by the
Lessor to effectuate such transfer or encumbrance.
c. iach of
the parties hereto agrees to provide the other,
within fifteen (15) days after written request therefor., a
s tatement of the s~a~us of the Lease, in writin~, advisir~ whe th-
er the Lease is in good standing, and if it is not, the partic-
ulars in which it is not; and failure to provide such statement
- shall const3tute a representation that the Lease is in good
~ standing which may be relied upon by ar~y third party as being
true and correct .
d. all obligations assumed and i~posed by the terms and
conditions hereof are covenants running with the land arxl shall
pass successive~y upon the occasion of ar~y transfer or assion-
ment of an interest in the Demised Premises or this Lease.
20. Duty of Lessee to Pay. It shall be the,duty and obligation
of the Lessee o assess s condominium unit owners, in accordance with
the provisions of the applicable laws of the State of Florida, dealing
with condominium, the Declaration of Condon~inium and the By-7,aws of
~ the Lessee for such monies as shall be necessary to pay the rents ar~
other obli~ations provided for by this Lease, and to otherwise perform
its covenants and promises contained herein.
21. Lessor~s Ri~ht to Perform Lessee~s Covenants. In the even~
Lessee. sha a o pay e eos s o r.~a n enance repairs requir~eci
to the Demised Premises,.or if it shall fail to take out, maintzin and
deliver insurance policies reauired herein, or shall otherwise Pail to
perform any other .act on its part covenanted herein to be performed by .
it, including the assessment agains~ condominium unit owners ~or mon-
ies necessary to pay the rents herein provided for and the other obli-
gations of the Lessee herein contained, then the Lessor may, but shall
not be obligated to, without notice or demand~upon the Lessee, pe rPorm
the act so omitted or f
ailed to be performed by the Lessee, or pay the
j monies which the Lessee has failed~ or r.ef~ZSed to pay. if such perform-
~ ance by the Lessor shall constitute in whole or in part the payment of
~ monies, such monies paid by the Lessor, to~ether with interest tner~eori
at .the rate of ten (109~) percent per annum, sr~all be- deemed additiona.l
~ rents due ar~d Fayable the Lessor on demand, or, at tne option of the
Lessor, the said monies roay be added to any rent then due or thereafter
~ becoming due under the terms and provisons of this Z,ease, and the I,es-
see covenants to pay any such surr.s with the said interest, _and the I,es-
sor shall have, in addition to any and all other ri~hts and remedies
herein provided, the same rights and remedies as exist pursuant to t'r:e
terms and provisions hereof, as well as by operation and rules of law,
in the event of default by the Lessee i~ the payment of rent.
22. {uiet r.n3oyment. The Lessor cavenants and a~rees with the
Lessee tha so or~ as e Lessee keeps and perforrr.s alI of its cove-
nants herein made the Lessee shall havc quiet and undis~urbed and con-
tinued possession of the Demised Premises sub~ect only :.o the ter:r.s a:13
provisions of this Lease herein provided, and the easer~ents herein re-
ferred to.
~ 23. Lessor~s ~~ght of :ntry. The Lessor and ~ts a~ents sha~i 'r.ave
the ri~ht oi en ry upon e em_sed ~remises at all reasor.able ti::~ s
to exa-rine tne condition and use thereof, and if saiC pre:n~.ses are dart~-
aged by any casualty wnich causes the prer,lises to be exposed to the e3-
eme:~ts, then the Lessor may enter upon the prer~.ises ~o make e.;~~ency
repairs, and it shall have the rioY:t ~o recover the cos ~s th.e:eof from
the Lessee as additional rent due under tY:e term.s of this Lease.
24. Title to Demised Prerr~ses. ^r.e interest of the Lessee in
the Demise re ses s a~ e suo~ect to:
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LAW OF~IGEi OF GOL04TEIN, FRANKLIIi, GHONIN ~ SCHRANK, r. A., Z020 NORTHEAST 1O~wo ~iTREET, NORTM MIAMI 6EACH. FLORIDA 33162
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