HomeMy WebLinkAbout1903 and liabilities herein created will become the obZigations
and liabilities of each successive owner of the apartment
transferred during the term of this Lease.
The Developer will require each purchaser of a
condominium apartment from it to ratify, confirm and approve
in writing all of the terms and provisions hereof and the acts
of the officers and directors of the Lessee and the Lessor in
making and entering into this Lease. Such writings will a~so
contain the agreement of each condominium apartment owner to
be bound by all of the terms and provisions hereof; and they
will contain a provision whereby each condominium apartment
owner individually impresses the aforesaid liens upon his
condominium apartment. They may be a part of the Warranty
Deeds conveying such condominium apartments.
~ No waiver of a breach of any of the covenants in
this Lease will be construed to be a waiver of any succeeding
" breach of the same covenant. The Lessor specifically reserves
the right to waive any portion.of the rent due hereunder,
including the right to waive rent attributable to individual
condominium apartments. Suc1L waiver will not affect the '
obligations of the awners of apartments for which rent has not
been waived to pay rent.
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Time is of the essence in every particular, and ~
articularl where the obZi ation to !
P Y g pay money is involved.
All arrearages in the payment of rent and the
repayment by the Lessor or the Lessee of any sums which may
be paid in order to cure defaults (as elsewhere herein provided
for) will bear interest from the date when due and payable -
at the rate of ten percent (10$) per annum until paid. -
If at any time by reason of the failure of the
Lessor to keep and perform any of its covenants or agreements
contained herein it becomes necessary for the Lessee or for
any of said condominium apartment owriers to employ an attorney
to protect their interests, the Lessor will pay unto the Lessee ;
or said condominium apartment owners reasonable attorneys' fees `
incurred or expended by them and costs of Court, if any.
No modification, release, discharge or waiver of any
provisions hereof will be of any force, effect or value, unless
in writing and signed by the persons who are then the Lessor
and the Lessee.
The I,essee will not amend its Articles of Incorporation,
its By-Laws or said Declarations of Condominium, during the term ~
of this Lease, in such a manner as to affect or impair the rights ~
of the Lessor herein; unless the Lessor shall first approve such ~
amendments in writing.
At the termination of this Lease the Lessee will
peaceably and quietly deliver unto the Lessor possession of
the Demised Premises and improvements, buildings, equipment, -
furniture and.fixtures constructed or brought upon the Demised
Premises; and the Lessee covenants and agrees with the Lessor "
that the Demised Premises will be used for legal purposes only.
The inval.idity of any term or provision of this Lease,
or of any part of any term or provision, will not affect the
validity of the remaining portions thereof. Any such invalid
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FEE. PARKER & FEE. P. A.
ATTORNEYS AT LAW `O~
POST OFF(CE BO% t000 G~t~t~ Z~~ Fa~~ ~j
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FORT PIERCE. FL~R~DA 33430 j
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