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gagee has acquired title, whether by conveyance in lieu Of
torec2osure or by foreclosure, sha21 have the 11i21 right
~ to en~oyment and use oP the recreational facilities in ths
same manner as thouQh the said rent had not been reduCed
and the benefit of the said reduction had nQt accrued to
the owner oP the said condominium unit.
18. Consent and Ratification of thia Lease by Unit Owr.ers.
Each and every person, w e er na ura or corpora , w o s a acquire
or take any title or interest whatsoever in or to a condominium apart-
ment unit in the Condominium, shall by aeceptance and/or the recordation
oP the deed, grant, assignment, or other instrument granting, conveying
_ or providing for such interest, or by the exercise of the rights or uses
granted therein, be deemed to have consented to ar~ ratified the pro-
~ visions oP 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 dee::~d te r~ve s~:bordir~ted ar.r3 sub~ected each an~d evzry
interest of such person to the terms of this Lease, including the pro-
viaions providing i'or the Lessor's lien righta in the condoad.nium prop--
erty and in the condominium apartment units.
19. Assignment.
a. Provided tha~ 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 a~rees to keep and perform, said assumption to be evidenced
~ by written instrument, 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 assi~ment, 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-
t leased unless and until a written discharge or release of such
Lessee, duly executed by the Lessor, shall be recorded amongat
~ , the Public Records of St. Lucie County, Florida. ,
~ .
~ b. The Lessor shall have the right to assign arxi to en-
~ . cumber its interest under this Lease and to the Demised Prem-
ises without the consent of the Lessee, provided, however,
~ ~that the Lessee shall, at the Lessor's request, sign and exe-
cute such instruments as may be required or requested by the
~ ~ Lessor to effectuate such transfer or encumbrance.
~
~ Each of the
. . c. parties hereto agrees to provide tne other,
~ . v~ithin fiPteen (15) days after written request therefor, a
~ statement of the status o£ the Lease, in writing, advising wheth-
~ . er the Lease is in good standing, and if it is not, the partic- ~
~ ~ ulars in which it is not; and failure to provide such statement
P. shall constitute a representation that the Lease is in good
~ standing which may be relied upon by any thi~d party as being
f - - true ar~d cor~ect.
.
~ d. All obligations assurr~ed and imposed by the terms and
e~i conditions hereof are covenants running with the land arxi shall
~ pass successively upon the occasion of any transfer or assign-
ment of ar~ interest in the Demised Premises or this Lease.
20. Duty of Lessee to Pay. Zt shall be the duty and obligation
- of the Lessee o assess s condominium unit owners, in accordanc e with
_ the provisions of the applicable laws of the State of Florida, dealirag
- with condominium, the Declaration of Condominium and the By- Laws of
the Lessee for such monies as shall be neceasary ta pay the rents and
= other obligations provided for by this Lease, and to otherwise perform
ita covenants and pronaises contained herein.
_ 21. Lessor's Right to Per:orm Lessee's Covenants. In the event
Lessee sha a o pay ne cos s o~ n enance a repairs required
to the Demised Premisess or if it shall fail to tak~e out, maintain and
deliver insurance policiea required herein, or shall otrierwl8e fail to
:.-a
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_ ~W Oi/?GEi OF GOLOiT[IN, ~RANKLIN, GMONIN t iGHRANK. P, A.. 2020 NOqTHEAiT IO~~o STNEEY. NOATM MIAMI BEACM. F~ORi on ;
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