HomeMy WebLinkAbout1898 on February 23, 1973 in Official Record Book 211 at page 914
of the public records of St. Lucie County, Florida. This Lease
and the rights of the Lessee and condominium apartments owners
hereunder are subject and subordinate to the lien of said mortgage;
and they will be subject and subordinate to any additional
mortgages encumbering the Demised Premises, provided the proceeds
of such additional mortgages are used to construct the improvements
described in Article 5 hereof. The Lessee in its own behalf
and in behalf of said condominium apartment owners will execute -
and deliver such further instruments evidencing such subordination
as may be requested by the I.essor. The Lessor will pay said
mortgage to ST. LUCIE COUNTY BANK, now SUN BANK~OF ST. LUCIE
COUNTY, and such additional mortgages, and will perform all
of their terms and conditions; and, in the event of default
by the Lessor, the Lessee, in addition to any other remedies
available to it, may cure such default and deduct the cost
thereof from the- rent herein provided for.
The Lessor may encumber the fee simple title to the i
Demised Premises with other mortgages, irrespective of the '
existence of this Lease. ~owever, such other mortgages will in
all respects be subject and subordinate to the terms of this
Lease and to the Lessee's rights herein. Although the Lessee
may mortgage or otherwise encumber its interest in this Lease,
any such mortgage or encumbrance will in all respects be sub-
ject and subordinate to the rights of the Lessor herein and j
to the rights of all persons claiming by, through or under the ~
Lessor by reasan of or in connection with this Lease. The
termination of this Lease will extinguish any of said mortgages
or encumbrances upon the Lessee's interest herein.
Nothing_in this Lease will ever be construed as
empowering the Lessee to encumber or cause the Lessor to s
encumber the title or interest of the Lessor. }
15. DEFAULT.
In case at any time default shall be made by the
Lessee in the payment of any of the rent herein provided for
upon the day it beco~s due and payable, or if the Lessee shall '
fail to pay any of the other monies due to the Lessor by the
Lessee, or if the Lessee shall fail to perform any of the other
conditions of this Lease by it to be kept and performed; then,
in any of such events, it will and may be ~awful for the Lessor,
at its eZection, to terminate this Lease and to reenter upon the
Demised Premises or any part thereof, either with or without
process of law, the said Lessee hereby waiving any demand for
possession of the De.}nised Premises. Or the Lessor may have such
. other remedies as the law and this Lease afford; and upon the 2
_ termination of this Lease, at such election of the Lessor or
in any other way, the Lessee will surrender and deliver up the
Demised Premises, improvements, buildings, equipment, furniture
and fixtures peaceably to the Lessor, its agent or attorneys,
immediately upon such termination. If the Lessee, its members,
agents, attorneys, or tenants shall hold the Demised Premises, i
or any part thereof, after the same should be surrendered according '
to the terms of this Lease, it will be deemed guilty of forcible
detainer of the Demised Premises and be subject to eviction or
removal, forcibly or otherwise, with or without process of law.
~ Although this is a Long~Term Lease, the parties
understand that the relationship between them is that of land-
lord and tenant; and the Lessee specifically acknowledges that
all statutory proceedings in the State of Florida regulating
the relationship of Landlord and Tenant will accrue to the Lessor.
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FEE. PARKER & FEE. P. A.
i
ATTORNEY$ AT LAW errY(~~~ O~r`~~A.~
POST OFFICE BOX 1000 pVVI\~? f i J l ~
FORT PIERCE. FLORIDA 33450
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