HomeMy WebLinkAbout1544 (1) Ccrtain Taki.n^s ?:at: Incltt~e~. P~eit}~~.r ~ t~c~:lir~;;
of lc~ss 1:1~~.~n-~ e s
p:Ce`~~i e n~*_• a t~cinn of t.en (li,•~')
percer~i; oi• less ~f the ap3ri;:~ ~nt units coni.air.`~ up~i~ :.ai_ci
larras in~mr~di~i.e?y prior to ~he ti~~:~ of tal:ir,~; s~,~.ll b~ con-
strued or c~nsidc~red as a takin~;. For the ptirpase of t;h1.~
para~;r2ph, a takin~ o£ an zpartm~nt tinit stlall l~ave occurred
where t~t least sixty (6C~) perce-ri~ of tlie floor sp4ce ther~~-
01' has been taken. '
(2 ) `1'o!.al Takin~. If such takin~ shall involve the
taking of a o - e apartr~znt. unil;s cont~ined upon said
1an3s innrediately prior to the tim~ of takinj, this L~ase
shall terr:~inate, eff'ective as of the date of Laking.
P~rtial Takin~;. If the takin~ be greater th~zn
described ''in "~ara~-rap i~IS t~. (1 } and less than the tal:ing
described in Paragraph 15 b. (2), above, the renL provided
in Paragrapli ~ shall be reduced effectiv~ as of the date
of taking, by a percentage figure equal to the percentape
interest ir the common elements and in the common surplus ~
attr~i'outable to the conaominium units taken, prov3ded,
however, that a~.l ot;Y,er provisions of this Lease shall
remain in full force an3 effect.
16. Comir,ence!r~~nL' of Obligations af Lease and Delivery of Posses-
s3_or.. The
oFI~"ea - on o~ t~ie ssor a o e ssee pursuan o~~'
crn3s and provisior.s hereof, and ri~ht to posscssion arr3 use of' the De-
mtsed Fremises, shall con~Tr,ence as of the date of commencer.znt of the i
ter•m hereby created. '
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17. Secui°ity. For t11e purpose of securln~ uni:o the I_essor the
pa3~lrent oi~~e rent herein provided for, as well as the payrrtin~ of any
oi:her su?ns due and payable the I.essor by reason of the tei~ms arR3 provi-
sions hereof, or by reason of any advancer.:ents r,~ade to or on b°~ialf of
` tl~e Lessee by the L~cssor, as well as for t~ie purpose of securi.nc the
~ perforrnarice of each anci every oiie of the covenants of the Lessee here~n
; contt~ined for the use and beneflt of the Lessor, the I.essee doc~s l:ereby
g ~i°ant unto the I~ssor the follo?•:in~ de:~cribed liens whic~i shall be cu-
~ mu].ative, prov3.ded, the ~essor may exercise one or more of the sai.d
~ lieT~s ~Yitt~out Lhereb~* wai.vin~ i:he others, or may exercise all sir::tilt~--
~ neousl_y.
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° a. I:essee's Int:crest. The Lessee does hereby ~ive ai~ci
~ ~r-ant unt:o - e,esso~° a coni:inuin~ first lien pararr~tit~L at~] su-
` perior to al.? other , upon all of the righL, title ar~~ i nL~~1~-:: st
~ of the Lessee in a~xl to t}l13 Lease arxl ttie Der~ised Yrct,~is~~: .
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v b. I.essec's Eis:,etis. The Lessee does hereUy ~i.ve ancl ~:r•unt
~ unto the 1~essor a coii~:3iiuj.n~ f3rst lien paran~unt ai;d sup°rior
to all oLhcrs, including_, apartrr~nt ovmers, upon i~v a.ssets and
comtr.on surrlus .
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~ c. Condomini_tim Proper~~?. `!'he I.essee does here'r,~~ ~i.v~~
and ~rant un~o~;~ie-Lessor a contirniing Zien upon all. of t1~z
conlominj_u:r: parcels ~nd con~ominium property as descriU~3 ii:
t;}~e Decl~:raL-ion of Condoi~~.nium of tY:e Condo:~iinium, 32ic1t~diT~~
~ all appurt~nances thereto, no~1r or hereafter ~laced t:t1C_'-I°eon,
aZl i`urn~ture, fixt;urc~, furn~.sh~.r.~s, machinery ar.a equipi::~nt
~ n~w or her~after local;ed th~~reon, kep~ or used in anc~ about
- t}ie con;~~;c~:~ elc;;,~ni;s t.l;er-eof, an~a fixtures and eqtiip;,~E~nt no:: o-~
`5 h~reaft;er cont.2ined or placed upon any cor~dominit?n p~rcel,
incluciii~~ ~=.ir con~;ition~rG, stot~es, ran~es, refri~ei~ators, hoL
~~~at.en c~a~;e~°s, ai:3 disiiT~ash~rs, said lien bein`- pr~or a.:J su-
{ periot~ to z11 0 ~h°r ].i ens and encur:~~~~a.:ces ex_cept institu ~ioT~:~~.
ftrst mor::~.~~e ~ a~ai.nsL co';:~GI?1~t1~L7:Z untts.
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d. Obl.ff;~ r.iot~ of' TJi~~t C-r~rer. All ?.iens provide~l f'or },~s°<:-
in shall sccui~e ~ne
~~~:,y~~:~?~~~oi
a~t1 mon~es duF thc I_.~~~or~ t~~::~--
- un.ier ~n~ T:~~.y be forc~clo,~ci iri a ir~ ~nne.~ pro~Ti~led for tl-~:: ; o?•~~-
- elc~ :ur~ of rio~°:~~ ,:°r_es, provl~:cci, hoti~ever, no 1! cn ar~z Iz;si,
fixt;~~r~:s or e~u3.p;~::~nt: ~ r~ a co:~do:~:~_nium ~i:i_~. :,}~~.]_1 sc~~u _re a::lr::
~7'~.''c~i-E~r• i.}:~n tl~~• n~~~c...', _-~e c;f' tnL tiG~•3J_ Cf~s;:i_r;~ c~or.:t.c~ ci>>c
_ ~+.t~;i o;; ~i-,~ t.h:~ 1..: sc~~• t:'r,c Ir~: see t•2~~n in dc, tiul~ er~~al io ~.1:.-,
; _ z~ ~ goa~ 197 ~E154~
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