HomeMy WebLinkAbout0431 Sublease by executing an assumption agreement in the form attached to
the Declaration of Condominium as ~chibit "G", Che assignznent of which
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shall be exzcuted by the Sublessee and the consent to the assignment
will be exzcuted by the Sublessor p~ovided the Assignee has otherwise
been approved in accordance with all the provisions of the Declaration
of Condominitna of VILIA DEL SOL, IrC. `
7.
:~ORTGAGIICG LEASEHOLD ITTEREST. The Sublessee shall have the
right when entering into a mortgage as mortgagor with a mortgagee as
defined under Paragraph 16.2 of the Declaration of Condominivm of
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VTLIA DII. SOL, II~C. to mortgage the leasehold interest which he
acquired by virtue of this Sublease.
8.
LIEr AC~II~ST COA~DOr'~'IUM UI~TT. If any rent payable by Sub-
lessee or Sublessor shall be and remain unpaid for more than fifteen
(15) days after the same shall be due and payable, or if Sublessee shall
violate or default in performance of any of the other covenants, agree-
~ ments, stipulations or conditions herein, and such violation or default
; shall continue for a period of thirty (30) days after written natice of
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i such violation or default, then it shall be optional for Sublessor to
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~ declare this Lease forfeited and the lease term ended and to re-enter
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~ said premises, with or without process of law, using such force as nay be
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necessary, to remove Sublessee and Sublessee's chattels therefron. Sub-
lessor shall not be liable for damages by reason of such re-entry or for-
~ feiture. rotwithstanding such re-entry by Sublessor, the liability of Sub-
~ lessee for the rent provided fo~ herein for the balance of the lease teraLs
G
~ sna21 not be relinquished or extinguished.
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~ Sublessee hereby grants to Sublessor a lien upon Sublessae's
; condominium unit and all tc?e furniture and furnishings and fixtures
_ located therein to secure to Sublessor Sublessee's perfornsance of all of
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Lessee's duties hereunder, including, but not limited to. the payment of
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~ i9i 430 ;
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