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HomeMy WebLinkAbout2570 . ' ~on.~omi~tium unit in VILLA DEL SOL, INC. shall be rcquirccl to ~ss::::.~ shis outstanding Sublease by executing an~assur~p~ion agrcc;cr.t ir. ~ae form attached to the Declaration of Condominium as Exhibit "G", the - assignment of which shall be executed by the Sublessee and the con- . ~~sent Lo the assignment will be executed by the Sublessor provided the Assignee has otharwise been approved in accordanca with all the provisions of the Declaration of Condominium of VILLA DEL SOL, INC. , ~ . ~10RTGAGING LEASEHOLD INTEREST. The Sublessee shall have the right when entering~into a mortgage as mortgagor with a mortgagee~as defined under Paragraph 16.2 of the Declaration of Condominium of VILLA DEL SOL, INC. to mortgage the leasehold interest which he-has acquired by virtue o~ this Sublease. , ; $ LIEN AGAINST CONDOMINIUM UNIT. If any rent payable by Sublessee or Sublessor shall be and remain unpaid for more than fifteen (15) days after the same shall be due and payable, or if-Sublessee.shall violate I or default in performance of any of the other covenants, agreements, i - ~ stipulations or conditions herein, and such violation or default shall ~ ' ~ continue for a period of thirty (30) days after written notice of such violation or default, then it shall be optional for Sublessor to declare this Lease forfeited and the lease term ended and to rc-cnter said premises, with or without process of law, using such force as may be ~ necessary, to remove Sublessee and Sublessee's chattels therefrom. ~ Suble sor shall no - ~ t be liable for damages by r~a,on of such re-entry ~ - or forfciture. Notwithstanding such re-entry by Sublessor, the lia- bility of Sublessee for the rent provided for herein for the balance ~ . of the=lease terms shall not be relinquished or extinguished, a: ~ ~ ~ Sublessee hereby grants to Sublessor a lien upon Subles~ee's ~ ~ condominium unit and all .the furniture and furnishings and fi~tures ~ . ~ _ - ~ - ~ . -3- - 800K~:JU PACE~~~ ~ ~ _ , . , , , , - - - - _ - ~ : ° ~ ~ ~ ~ 1 . . _ _ . _ _~s ~