HomeMy WebLinkAbout0072 d. Al1 obli~a+ions assu~e~ and iinposed by the t~rms an~
conditions herPof ~re covenants runni~g with the land and shall
pa~~ successi~•ely upon the accasion of any transfer or assign-
ment af an i~terest in the Demised Premises of this Lease.
20. Duty of L~ssee to Pay. It shall be the duty and obligation
of the Lessee ta assess its condominium una.t owners, in accordance with
the provisions of the app2icable laws of the State of Floxida, dealing
w~th condomini~ms, the Declaration of Condo~inium and the By-Laws of
the Lessee for such monies as shall be necessary to pay the rents and
otfiex obligations prov~ded for by this Lease, and to otherwise perform
its covenants and promises contained herein.
21. Lessor~s Ri ht to Pe~form LesseE's Covenants. In the event
Lessee sh a to pay t e costs o mazntenance an repairs required
to the Demised Premises, or if it shall fail to take out, maintain and
deliver insurance policies required herein, or shall otherwise fail to
Ferform any other act on its part covenanted herein to be performed by
it, including the assessment against condominium unit owners f~r mon-
ies necessary ~o ~ay the rents herein provid~d €or and the other obli-
gatio~s of the Lessee herein contained, then the Lessor may, but shall
not be obligated t~, without notice or demand upon the Lessee, perfoxro
the act so omitted or failed to be performed by the Lessee, or pay the
monies:wi:ich the Lessee has failed or refused pay. If such perform-
ance by the Lessor shall constitute in whole or in part the payment of
monies, s~ch monies paid by the Lessor, together with interest thereon
at the rate of ten (10~) percent ~er annum, shall be d~emed additional
rents due and payable the Lessor on demand, or, at thp option of the
Lessor, the said monies may be added to any rent then due or thereafter
becoming due under the terms and provisions of this Lease, and the Les-
see covenants ~o pay any such sums with the said interest, and the Les-
sor shall have, in addition ta aiiy and all other rights and remedies
herein provided, the same rights an~ remedies as exist pursuant to the
terms and provisions hereof, as well as by operation and rules of law,
in the event of default by the Lessee in the payment of rent.
22. Quiet En~o`rnnent. The Lessor covenants and agrees with the
Lessee that so long as the Lessee keeps and performs all of its cove-
nants herein made the Lessee shall have quiet and undisturbed and con-
tinued possession of the Oemised Premises s~bject only t~ the terms and
provisions ~f this Lease herein provided, and the easements herein re-
ferred to.
23. Lesscr's Ri ht of Entr . The Lessor and its agents shall have
the right of entry upon t e Demised Prenises at all reasonable ~imes
te examine the condition and use therof, and if said premises are dam-
aged by any casuaZty wh' h causes the premises to be exposed to the el-
ements, then the Lessor~ay enter upon the premises to make emergency
repairs, and it shall have the r~ght to reco~~er the costs thereo: fro~
the Lessee as additional rent due under the terms of this Lease.
~ 24. Title to Demised Premise. The interest of the Lessee in
the Demised Premises shall be subject to:
~ a. The title and rights of the Lessor, and the terms,
~ conditions and provisions of this Ninety-Nine Year Lease.
b. AII easements which have ueen or which may hereafter
be created by the Lessor, or joined in by the Lessor, for the
purpose of prc~viding for utilities, passage, or other use de-
signed t~ permit the full utilization and enjoyment of the De-
mised Premises, and of the Condominium apartment building, by
the owners and occupants of condominium units as the Condomi-
nium.
; c. :he tien of any mortgagee in connection with any inort-
; gage now Px~sting or hereafter created er?cumbering the Demised
Premises, provided, however, that any such mortgage shall ac-
knowledge the existence of this Ninety-Nine Ye~r Lease Agree-
~ ment, ar.d the Lessee's righ+s hereunder, so long as it shall
~ fai~hfu~ly perform each ar:d e~~ery of its duties and obligations
herein imposed.
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100~It~:11 ~116E ~i
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