HomeMy WebLinkAbout1107 or forfeiture, yotwithstanding such re-entry by Sublessor, the -
liability of Sublessee for the rent provided for herein for the balance
of the lease terms shall not be relinquished or extinguished.
Sublessee hereby grants to Sublessor a lien upon Sublessee's
condominium unit and all the furniture and furnishings and fixtures
located therein to secure to Sublessor Sublessee's performance of all
of Lessee's duties hereunder, including, but not limited to, the pay-
ment of rent. The lien created by this Lease shall be subject and
inferior only to the lien of a valid first mortgage placed upon the
condominium unit incident to and connected with the original purchase
of said condominium unit. The lien granted hereby may be foreclosed
by Sublessor in the same manner as a mortgage lien may be foreclosed
and Sublessees hereunder jointly and severally promise to pay all costs,
inciuding ~ttorneys fees, incurred by Sublessor as a result of a€ore-
closure of such lien.
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COSTS AND ATTORNEYS FEES. In any proceeding arising because ~
'i of a default by one of the parties, the nondefaulting party shall be
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; able to collect reasonable attorneys fees, expenses and costs arising
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; from the default.
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~ 10.
~ CONDITIONS. This Agreement shall be binding upon and enure to
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~ the benefit of the heirs, successors, assigns and personal representa-
tives of the parties.
~ IN WITN~SS Wti~R~Ur, the parties hereto nave aiiixed ineir
~ hands ar.d seals this r's day of .._i-•, 19
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