HomeMy WebLinkAbout2578 condominium unit in VILLA DEL SOL, INC. shall be required to assume
this outstanding Sublease by executing•an assumption agrecment in the
form attached to the Declaration of Condominium as Exhibit "G", the
assignment of which shall be executed by the Sublessee and the con-
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sent to the assignment will be executed by the Sublessor provided
the Assignee has otherwise been approved in accordance with all the
provisions of the Declaration of Condominium of VILLA DEL SOL, INC.
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riORTGAGING 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 of this Sublease.
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LIEN AGAINST CONDOMINIUM UNIT. If any rent payable by Sublessee
or Sublessor shall be and remain unpaid for more than fifteen (15) days
after th~ same sha21 be due and payable, or if Sublessee shall vio2ate
' or default in performance of any of the other covenants, agreements,
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~ stipulations or conditions herein, and such violation or default shall ,
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~ 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 re-enter said ~
premises, with or without process of law, using such force as may be
necessary, to remove Sublessee and Sublessee's chattels therefrom.
Sublessor shall not be liable for damages by reason of such re-entry
or forfeiture. Notwithstanding such re-entry by Sublessor, the lia-
bility of Sublessee for the rent provided for herein for the balance
~ of tne=lease terms shall not be relinquished or extinguished.
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~ Sublessee hereby grants to Suhlessor a lien upon Sublessce's
condominium unit and all the furniture and furnishings and fi:ctures
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