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HomeMy WebLinkAbout0928 d. All obliyations assum~.~d ~?nd impcs~d by the terrns and conditions herP~f ar` cov~n~nts running with the l~nd and shall pass successi~~ely upon the occasion of dny transfer or assign- ment of an interest in the U~mised Premises of this Lease. 20. Duty of Lessee to Pay. It shall be the duty and obligation of th~ Lessee to assess its condominium unit owners~ in accordance with the provisions of the applicable laws of the State of Florida. dealing with condominiums, th~ Declaration of Condominium and the By-Laws of the Lessee for such monies as shall be necessary to pay the rents and other obligations pr~vided for by this Lease, and to otherwise perfoxm its covenants and promises contain~d herein. 21. Lessor's Ri ht to Perfor~n Lessee~s Covenants. In the ~vent Lessee shal. a to pay t e costs o m:~in*_enanc~ an repairs required to the Demised Premises. or if it shall fail to take out, maintain and deliver insurance policies required herein, or shall other~vise fail to perform any other act on its part covenanted herein to be performed by it, including the assessment against condominium unit owners for mon- ies necessary to pay the rents herein provided for and the other obli- gations of the Lessee herein contained, then the Lessor may, but shall not be obligated to, without notice or demand upon the Lessee, perform the act so omitted or failed to be performed by the Lessee. or pay the monies which the Lessee has failed or refused pay. If such perform- ance by the Lessor shall constitute in whole or in part the payment eF monies. s~ch monies paid by the Lessor, together with interest thereon at the rate of ten (10~6) percent per annum, shall be deemed additional rents due and payable the Lesso~ on demand, or, at the option of the ~ Lessor, the said monies may be added to any rent then due or thereafter becoming due under the terms and provisions of this Lease, and the Les- see covenants to pay any sffcl~"s~~ with the said interest, and the Les- sor shall have, in addition to any and all other rights and remedies herein provided, the same rights and remedies as exist pursuant to the terms and provisions hereof~ as vrell as by operation and rules of law, in the event of default by the Lessee in the payment of rent. ~ 22. 4iet En'o ment. The Lessor covenants and agrees with the ~ Lessee that so ong as t e Lessee keeps and performs.all of its cove- ~ nants herein made the Lessee shall have quiet and undisturbed and con- , tinued possession of the Demised Premises subject only to the terms and ~ provisions of this Lease herein provic3ed, and the easements herein re- E ferred to. ~ ~ € 23. Lessor'~ Ri ht of Entr . The Lzssor and its agents shall have ~ the right o entry upon t e emised Premises at all reasonable times ~ to examine the condition and use therof, and if said premises ar` dam- aged by any casualty which causes the premises to be exposed to the el- ~ ements, then the Lessor may enter upon the premises to make emergency % repairs, and it shall have the right to recover the costs there~f from ~ the Lessee as additional rent due under the terms of-this Lease. ~ 24. Title to Demised Fremise. The interest of the Lessee in , ~ the Demised Premises sha be subject to: ~ ~ a. The title and rights ot the Lessor, and the terms, conditions and provisions of this Ninety-Nine Year Lease. x ~ b. All easements which have been or which may hereafter ~ - be created by the Lessor, or joined in by the Lessor, for the purpose of providing for util~ties, passage, or other use de- signed to permit the full utiliz~tion and enjoyment of the De- - mised Premises, and of the Condominium apartment building, by the owners and occupants of condominiurn units as the Condomi- ~ nium. c. The licn ot any mortgagee in connection with any mort- ~ gage now existing or hereafter created encumbering the Demised ; Premises, pravided. however, that any such mortgage shal~. ac- knowledge the existence of this Ninety-Nine Year Lease Agree- - ment, and tha Lessee's rights hereundar, so long as it shall Y~ faithfully perform each and every of its duties and obligations v.: herein i:nFc~sE~d. ' =~Y . ~0~?23.~ ~28 -15- •