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HomeMy WebLinkAbout0825 3 4 r ~ condominium unit in VILLA DEL SOL, INC. shall be required to assume this outstanding Sublease by executing an assumption agreement in the form attached to the Declaration of Condominium as Exhibit~"G", the assignment of wh.ich shall be executed by the Sublessee and the con- ~ sent to the assignment will be executed by t}ie Sublessor provided. ~ the Assignee has otherwise been approved in accordance with all the ~ provisions of the Declaration of Condominium of~VILLA DEL SOL, INC. ~ - ~ ~ 7 ~ riORTGAGING LEASEHOLD INT~REST. The Sublessee shall.have the ~ right when entering into a raortgage 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 h~ has acquired by virtue of this Sublease. _ . ~ . ~ 8 ~ ! LIEN AGAINST CONDOMINIUM UNIT. If any Yent payable by Sublessee or Sublessor shall be and remain unpaid for more than fifteen (15) days after the same shal~l 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 suGh violation or default shall i ~ ~ ~ continue for a period of thirty~(30) days after written notice of such ~ f ~ 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 ~ l 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 the=lease terms shall not be relinquished or extinguished. . ~ Sublessee hereby grants to Sublessor a lien upon Sublessee's ~ condominium unit and all the furniture and furnishings and fixtures ~ - ~ . ~ . -3- BOOK ~z PAGE ~ ~ ~ ~v _ ``s~"~~~'.~~ ~r~ ~ ~ a~ ~ ^ ~ ~ W. ~,..v. .,.:.~~'~~c'`~F'~-`~..a,.~`'`_'.~ _ ,~e.._._