HomeMy WebLinkAbout1106 6.
ASSIGNMENT OF SUBLEASE. During the term of the lease between
LAVDblARK VILLAS, INC, and VILLA DEL SOL, INC,, and this Sublease, the
Sublessee agrees that any subsequent purchaser of the Sublessee's condo-
minium unit in VILLA DEL SOL, INC, shall be required to assume this out-
standing Sublease by executing an assumption agreement in the form
attached to the Declaration of Condominium as Exhibit "G", the assign-
ment nf which ~hall he exe~~~te~ hy ~he Suhlessee and the consent to
the assignment will be executed by the Sublessor provided the Assignee
has otherwise been approved in accordance witli all the provisions of
;
the Declaration of Condominium of ~'ILLA DEL SOL, INC.
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~tORTGAGI~G LEASEHOLD INTEREST. The Sublessee shall have the -
right when entering into a mortgage as mortgagor with a mortgagee as
defined under Paragr.aph 1G.2 of the Declaration of Condominium of
VILLA DEL SOL, INC. to mortgage the leasehold interest which he has ~
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acquired by virtue of this Sublease.
` 8.
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~ LIEN ~GAINST CONDOrfINIUM U11IT. If any rent payable by Sub- _
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F lessee or Sublessor shall be anu remain unpaid .for more than fifteen
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~ (15) days after the same shall be due and payable, or if Sublessee shall
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~ violate or default in performance of any of the other covenants,~agree-
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~ ments, stipulations or conditions herein, and such violation or default
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~ shall continue for a period of thirty (30) days after written notice of
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~ such violation or default, then it shall be optiona~ for Subiessor to
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~ declare this Lease forfeited and the lease term ended and to re-enter -
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; said premises, with or without process of la~a, using such force as may
be necessary, t~ rem~ve Sublessee and Sublessee's chattels therefrom,
,=g Sublessor shall not be liable for damages by reason of such re-entry
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