HomeMy WebLinkAbout0808 such terms and conditions to require the Lessee to eupplement such
funds in auch amounts as may be neceasary to pay for reconstruc-
tion and repair, td the diabursement of the same, and to such other
mattera relating to auch-funds and proceeds, as such mortgagee may
require. ~ ~
14. DEMOLITION, CONSTRUCTION AND MAJOR ALTSRATIONS.
Lessee shall undQrtake no demolition or new construction on the
demised premises, nor shall Lessee make any major alteration in
the buildinga located on the demised premiaes at the time of com-
mencement of this lease, without the prior written consent and approval
of the Lessor and upon such terms and conditions ae the Lessor ahall
require. Nothing in this paragraph shall ever be conetrued to re-
lieve Lessee of its obligation to mai.ntain and repair the improve-
ments located upon the demised premises.
~ 15. MORTGAGES. No mortgage lien, or other encwnbrance
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~ against a condaminium parcel or the condominium property shall be
~ considered or construed as a mortgage, lien, or other encumbrance
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~ against the f ee simple title of the_ Lessor in and to the Recreation
Center or the Lessee's interest under this ~ease.
16. LESSOR'S RIGHT TO PERFORM LESSEE'8 CO~VSNANTS. If
~ the Lessee shall fail to pay the coaamon expenses and taxes or if
- they shall fail to take out,naintain and deliver insurance poli-
k
~ cies; or if they shall fail to perform any othe= action on their
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~ part covenanted herein to be performed by them, then the Lessor
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~ may, but shall not be obligated so to do and without notice or
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