HomeMy WebLinkAbout2968 gagee has acquired title, whether by conveyance in lieu of
foreclosure or by foreclosure, shall have the full right
to en~oyment and use of the recreational i'acilities in-the
same manner as though the said rent had not been reduced
and the benefit of the said reduction had not accrued to
the owner ot' the said condominiwn unit.
18. Consent and Ratification of this Lease b~r
Unit Ownera.
Each and every person, w~Tie er na ura or corpora , w o s a acquire
or take ar~y title or interest whatsoever in or to a condominium apart-
ment unit in the Condominium, shall by acceptance and/or the recordation
of the deed, grant, assignment, or other instrument grantitag, conveying
or providing for such interest, or by the exercise of the rights or uaea
grar~ted therein, be deemed to have consented to and ratified the pro-
visions of this Lease to the same effect and extent as if such person
or persons had executed the lease with formalities required in the deed,
and shall be deemed to have subordinated and sub~ected each and every
interest of such person to the terms of this Lease, including the pro-
visions providing for the Lessor's lien righta in the condomd.riium prop-
erty and Sn the condominium apartment unita.
19. Assignment. _
a. Provided that this Lease is not in default and is in
. good standing the Lessee may freely assign the same provided that
not such assignment or transfer shall be valid unless the assignee
shall expressly assume and agree to perform each and every one
of the covenants of this Lease which, by the terms hereof, the
~Lessee agrees to keep and perform, said assumption to be evidenced
by written instrumeht, executed in recordable form, and-delivered
to the Lessor after the same has been recorded in the Public Rec-
ords of St. Lucie County, Florida. No such assignment, transfer,
or assumption shall operate to release a prior Lessee Prom ar~y
of the obligations hereof, and no such prior Lessee shall be re-
leased unless and until a written discharge or release of such
Lessee, duly executed by the Lessor, shall be record ed amongat
the Public Records of St. Lucie County, Florida.
; b. The Lessor shall have the right to assign and to en-
I cumber its interest under this Lease arxl to the Demised Prem-
ises without the consent of the Lessee, provided, however,
that the Lessee shall, at~the Lesaor's request, sign and exe-
cute such instruments as may be required or requested by the
Lessor to effectuate such transfer or encumbrance.
- c. Each of the parties hereto agrees to provide the other,
within fifteen (15) days after written request therefor, a
statement of the status of the Lease, in writing, advising wheth-
er the Lease ia in good atanding, and if it is not, the partic-
ulars in which it is not; and failure to provide such atatement
shall constitute a representation that the Lease is in good
standing which may be relied upon by any third party as being
true and cor~ect.
d. All obligations asaumed and imposed by the terms and
conditions hereof are covenants running with the land and shall
pass successively upon the occasion of any transfer or asaign-
ment oP an interest in the Demised Premiaes 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 oP Florida, dealir~g ~
with condominium, the Declaration of Condominium and the By-Laws of ~
the Lessee for such monies as shall be necessary to pay the rents and
other obligations provided for by this Lease, and to otherwise perPorm ~
ita covenanta and promisea contained herein. `
21. Lessor'_s Right to Perform Lesaee's Covenanta. In the event
LesBee shalT~a3T~o
pay'~ e cos s o n enance a repairs required ~
to the Demised Premisea, or if it shall tail to talae out, maintain ar~d ~
deliver inaurance policies required herein, or shall otherwias i'ail to '
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