HomeMy WebLinkAbout1964 Association, accouritinq ar.d 2~ ~aI rees ~.r.d all other costs a.~n
expenses necessary and reasor.~le ~or t:1e purpose of operating
;he Recreation Center.
8. SECURITY. For t:e pu ~ ose of securing :uZto tha Lassor
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t~1e payment of rent, and the co..,:~on expenses of the Recreatio:~
Center, and .for the purpose ot sec::~i: g tne performance of every a:.c
all of the covenants of tr.e Less~e :.e-r~:i : r.nane ~or the use .ar.n b~: a~~t
of the Lessor, the Lessee does :ere:,y r,rar.t unto tile Lessor t;-.e ~ie:~s
described herein which shail be cu.-;~uia~ive, and the ~,essor :;d~ e~zrcise
o.^.e or some witnout waiving the ot:zers or may exercise all si.~.L~. ~a~ -
eously.
8.1. Lessee'S Interest. T:.e Lessee does ne-reby yive
an3 gra;~t unto the Lessor a contin~i:~~ first lizn parar.iount ar.c
s~;~erior to all others upor. any rig
:t, title and interest o~ ~:.e ~
yessee in and to this ~eas2 and t'r.e :;e.:.ised ~ r@:L:.ses .
~ 8.2. yessee' s~ssets . ~=n~ i.@SS2@ does :?ereby g~vz ~
grant unto the~ Lessor a cont~: u~r.y :~rs~ iie:~ paranount azd ~a~e_~or
to all others, including Lnit cwr.ers, Lpo: its assets and co.,,.;,c.. ~
, sur~lus.
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; 8. 3. Condo^ir.iL.~; ~arce~s . ~r.e Lessee as agen:. ior ~
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each cor,domi.nium unit ow: er does :^.ereb~ give a:~d grant unto t~e ~
~ Lessor continuing liens in t:ne nat~rz o~ individuai :r~ortgages
eac.~ ar:d every of the corido:ti.:.iL:r~ parc~is described in tY~.e ~ec~ar:.~~an
Co:.c?Ominiurt Of WINDYILL VIL~,GE ~Y SEA CO~DOMIVIG:: `0. i a: c
~:^.eir appurtenances, and all fixtures ar.d er,uioment now or :erea~ ~e~
cor.tained or placea upon any ccndo.;~.r:i;:m ::r,i.t, including ai~ co:..;.~-
t~oners, stoves, ranges, re~ri5er~tcrs, :ot water heaters, a:~d c~5-
4 washers, which liens shall be pr~or a;.c su~erior to all ot~~r iZC~iJ
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and encumbrances except ir~st~tuticnal ~irst :nortgages. :he~e ~ie.:s
s:.all secure the ~pay~r.e^.t or all r~cr.ies ~uz tne Lessor hereu: aer
~ and r.ay be foreclosed agair.st said o:a: er ar.d his condo.~~iniL:r~ u:.i ~
~ in a court of e uit in the manner provided for the foreclosure o~
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~ mortgages. In any such action or other uction to enforce tYhe pro-
v~sions of these liens, includin5 appeals, tY~e Lessor shall be entitied
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