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HomeMy WebLinkAbout0184 t i . i condominium unit in VILLA DEL SOL, INC. shall be rcquired to assu~e ~ z t rhis outstanding Sublease by executing an assua~ption agrecmcnt in tl~e : f i form ~ttached to tlie Declaration of Condominium as Exhibit "G", the ` i assignment of which shall be exe~uted by rhe Sublessee and th~ con- j sent to the assignment will be executed by tlie Sublessor provided ~ the Assignee has otherwise been approved in accordance with all the ' provisions of the Declaration of Condominiu~ of VILLA DEL SOL, INC. ~ . . ' ~ DfORTGAGI;VG LEASEHOLD INTEREST. The Sublessee shall have the ~ , right when entering into a mortigage as mortgagor with a mortgagee as 4 , 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. . 8 LIEN AGAINST CONDOMI~IUM UNIT. If any rent payable by Sublessee or Sublessor snall be and remain unpaid for more than fifteen (15) days ; after the same shall be due and payable, or if Sublessee shall violate ; ~ - , or default in performance of any of the other covenants, agreements, 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 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 ~r forfeiture. Notwithstanding such re-entry by Sublessor, the lia- : ~ bility of S~blessee for the ren*_ provided for herein fQr the balance ~ ; of the=lease terms shall no~ be relinquisr.ed or extinguished. Sub~essee hereby grants to Suhlessor a lien upon Sublessee's ~ condominium unit and all .the furniture and furnishings and fixtures -3- - eooK 231 ~~t ~S4 ~ - _ ~ . ~ - , - - - - - --s:: ~ . _ . . ~ r _ _W . z