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HomeMy WebLinkAbout1890 no condominium apartment owner will be so obligated for any monies becoming due and payable prior to the recording in the public records of St. Lucie County, Florida, of a Declaration of Condominium submitting the land upon which his apartment is located to the condominium form of ownership. Said obligations of each condominium apartment owner will continue for as long as he owns his apartment and will become the obligation of each successive owner during the term of this Lease; they will not relieve the Lessee of its covenant to pay rent and other monies due hereunder and they will not i require the Lessor to collect rent and other monies due hereunder j from said owners. The Lessee will collect all such rent and other + monies from said owners as a common expense and as a part of the ~ assessments due by them; and it will take such action as is authorized to enforce such collection. The Lessee's liens upon said apartments for unpaid assessments will be subordinate to the Lessor's liens created in Article 13 hereof; and, in the event of a foreclosure of a Lessee's lien for assessments, the Lessor's ~ lien will be discharged only upon payment to it of the portion ~ thereof representing arrearages of rent and other monies and interest. 5. CONSTRUCTION OF IMPROVEMENTS BY LESSOR. s The Lessor will construct recreational facilities upon the parcel of land described in Exliibit A, at its sole expense,-consisting of a recreational clubhouse, a swimming pool, shuffleboard courts, adequate roads and walkways for ingress and egress, and such other facilities as it alone shall determine to construct. The sizes ancl types of all of said facilities will be determined by the Lessor, but such determina- ~ tion must be reasonable. Said construction will be completed prior to December 31, 1973. The construction of said recreational facilities will be completed by the Lessor in a good and workmanlike F ` manner and in compliance with all applicable permits and ' f authorizations and building and zoning laws, and in compliance i with all other laws, ordinances, orders, rules, regulations and ~ requirements of all federal, state and municipal governments. Said parcel of land described in Exhibit A will at all times be free of liens as a result of such construction and installa- tion, except the mortgages hereinafter authorized, for services performed and labor and material supplied or claimed to have been supplied thereto; and the Lessor will not install any personal property within said improvements under chattel mort- gages, conditional bills of sale, or other title retention instrument. . The Lessor will maintain workmen's compensation a.nsurance, at its sole expense, covering all persons employed in connection with the construction and installation and with respect to whom death or bodily injury claims could be asserted against the Lessor, the Lessee, or said parcel of land; and it ~ will maintain, at its sole expense, general liability insurance for the mutual benefit of the Lessor and the Lessee, with rea- ~ sonable limits to be determined by the Lessor, at all times when ~ such construction is in progress. ~ ~ The period of time within which the construction ~ of said facilities must be completed by the Lessor will be enlarged by any delays caused without fault or neglect on the part of the Lessor by Acts of God, strikes, lockouts, or any Y -4- FEE. PARKER & FEE. P.A. inrR,~~~ R ATTORNEYS AT LAW ~:lU~ v~~jC ~ POST O~FIGE BOX 1000 FORT PIERCE. FLOR~DA 33450 -a~n I ?"•.v~ ~ ~'y~s~ s.-, : ~ ~ ~ _ ~ -~:e.. _ ~~~'~~e`~"~--"s,~.,. ~ . - -