HomeMy WebLinkAbout0573 The Lessor, RYERSON & HAYNES REALTY, INC., a Delaware
corporation, is the owner of the land described in
Exhibit "B" hereto annexed and made a part hereof, and
plans to construct a condominium apartment house project
thereon. To secure the Lessor in the payment of rent
reserved hereunder, and in consideration of the granting
of this long term lease, the owner of the land described
in Exhibit "B", as Lessee, hereby gives and grants to the
Lessor a lien against the demised premises described in
Exhibit "B", it being understood and agreed that the owner
of the land described in Exhibit "B" has joined in this
lease as Lessee for the purpose of making the rent due to
the Lessor under this lease a lien against the premises
described in Exhibit "B", and that said owner of the lands
described in said Exhibit "B" is not personally liable for ~
the payment of rent due the Lessor or for any of the terms
and conditions in this lease other than for the purpose ,
of making the Lessor's rent a lien against the lands
described in said Exhibit "B".
The owner of the lands described in said Exhibit "B"
shall have no rights, privileges or duties as Lessee in
and to this lease.
However, it is understood and agreed that the giving
and granting of the lien described herein is an essential
consideration flowing to the Lessor and without which
this lease would not have been made. This lien shall
continue for the full term of this lease and may be
enforced and foreclosed in the same manner as mortgages
i are enforced and foreclosed under Florida law.
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t The Lessee, HIGH POINT OF FORT PIERCE CONDOMINIUM
ASSOCIATION SECTION l, INC., a Florida non-profit corporation,
~ agrees to accept all the benefits and all of the duties,
~ responsibilities, obligatians and burdens imposed upon it
~ by the provisions of this lease, it being understood and
~ agreed that this lease is for the benefit of the members
~ of said Lessee association and said Lessee association _
~ understands and agrees that its undertaking as set forth
~ in this lease is an essential consideration flowing to
the Lessor and without which this lease would not have
~ been made.
~ The term "Lessee" as used throughout this lease agree-
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~ ment means the Lessee association described hereinabove. :
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~ eaoK 226 v~E 5 ~3
- LAW OFFICES BART L. COHEN, CITY N/?TIONAL 9ANK BUILDINd, MIAM1~ FLORIOA
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