HomeMy WebLinkAbout1582 by virtue of the i!~claration o£ Condominium, st~all ~ot terminate
~this Lease. In the event of a volun~ary~or i~voluntary term-
inatio~ ot the Lessee, wherein the Condominium is ~ot likewise
terminated, the successor association to the Lessee, organized
or constituted according to the applicable statutes of the
State of Florida as contained in the Condomin3um Act, shall
assume and shall be charged with all of the duties, obl~gations
and responsibilities af the Lessee hereunder. In the event of
a volu~tary or involuntary termination of the Condominium all
of those per5ons owning a condog~inium ~nit as of the date of term-
inatian of the Condominium shall automatically and by operation
of the Lease jointly and severally~•~constitute the Lessee here-
under and shall jointly and severally be obligated to per~orm .
each and every of the Lessee~s covenants and promises and und~r-
takings herein provided for. Upon a condominium unit owner
acquiring an interest in the Lessee's rights under this Lease,
or becoming a Lessee under the terms of this Lease, by reson~of
termination of the Condominium, his rights hereunder may there- .
after be assigned only if there then be no default in any~of the
provisions of this Lease, and only if such assignment be in
connection with a sale, transfer, or hypothecation of all of his
rights in the property which was, prior to termination of the
Condominium, condominium property, excepting only and provided
that any institutional first mortgagee which shall become an
owner of a condominium unit or a tenant in ~ommon in what had
been condominium property by foreclosure of deed in lieu of for~-
~losure, shall no~ be liable or obligated in any way by the .
provisions of this section, but the grantee of any such instit-
utional mortgagee shall be fu11y liable and obligated for the
payment of a proportionate share of the rental ~ue and attrib-
utable to such condominium unit during such period of time as the
condominium unit shall be occupied by a tenant or lessee holciing
under, by or through such institutional first mortgagee.
34. Waiver of Riqhts. The failure of the Lessor to enforce
any covenant, obligation or agreement of the Lessee herein con-
- tained shall not constiteate a waiver of the right to do so there-
after, nor sha11 it constitute a waiver of the right to enforce
any other covenant, obligation or agreement herein con~ained.
35. Amendments. Once recorded, this Ninety-Nine Year
Lease may not be amznded except by ~nstrument in writing exec-
uted by the parties hereto, duly recorded in the Puhl~c Records
of St. Lucie County, Florida.
~36. Co ies. A eopy of this IVinety-Nine Year Lease may be
exhibited or de ivered to each person contracting to acquire a
condomini~um unit in the Condominium from the Developer, for the
purpose of making full disclosure of al~ of the terms and pro-
visions hereof. Each such person expressly agrees and consents
that minor changes, deletions, additions and amendments may be
made to this Lease prior to the recordation thereof, and without
further advice or notice to such person, for the purpose of
correcting typographical errors, complying with the requa.rements
of an institutional mortgagee, or for other reason, provided.
such deletion, addition and/or amendment shal~ not materially
adverse?;~ affect the rights of such person or the Lessee here-
under. - -
37. Gender and Use of Sin ular or Plural. Wherever the
context hereo so reguired or permits t e use of the singu~ar
shall include the plural, and the use of the plural sha,~.l include
the singular; and the use of any gender shall include aIl genders.
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