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HomeMy WebLinkAbout2250 18. BANKRUPTCY OF LESSEE. Should the Lessee at any time during the term of this lease be adjudged a bankrupt, or should a receiver or trustee be appointed for the Lessee's property and not be discharged within ninety (90) days, or should any order of any court of competent jurisdiction be entered and remain in effect for a period of ninety (90) days continuing the Lessee in possession of the leased property, or should the Lessee's leasehold interest be levied upon and the lien thereof not discharged within sixty (60) days after said levy has been made, then and upon the happening of either or any of the aforesaid events, the Lessor shall have the right, at its election, to consider the same a material default on the part of the Lessee of the terms and provisions hereof, and, in the event such default is not cured by the Lessee within a period of sixty (60) days from the date of the giving by the Lessor of written notice to the Lessee of~the existence of such default, the Lessor shall have the option of declaring this lease terminated and the interest of the Lessee forfeited, or the Lessor may exercise any other options herein conferred upon it. , 19. STATUTORY REMEDIES. Lessee recognizes the validity ~ ; and applicability of the summary remedies provided by the ~ statutes of the State of Florida for the termination of leases. 20. DEFAULT. It is covenanted and agreed by and between ~ the parties hereto that in the event at any time of a default in the terms of this lease upon the part of the Lessee for the periods hereinafter set forth, then and in that event, it shall and may be lawful for the Lessor, at its election, to declare said demised term ended and to re-enter into said demised premises ~ and the building or buildings and improvements situated thereon ~ or any part thereof either with or without choses of law, the ~ ~ Lessee hereby waiving any demand for possession of the said demised premises and any and all buildings and improvements ~ situated thereon: ~ - 12 - ~ ~ g~ ~s ~'~If.~ ~ :KORCiA~, CAEHAT'[' A:~D O~CO\"\OR, I.AN'YERS, KE~A.1'~i I~I:ILDTO. FORT LAL:DERDALL, FLO8IDA S - ~~Yea _ , : ~ "n".f , ~~'...F~~~' ~"ra'~.~" I ~ - _ .