HomeMy WebLinkAbout0843 ~ondominium unit in VILLA bEL SOL~ INC. shall be required to assume
t~is outstanding Sublease by executing an assumption agrecment in••the
foi•m attached to the Declaration of Condominium as Exhibit "G", the
assignment of which sha11 be executed by the Sublessee and the con-
sent to the assignment will be executed by the Sublessor provided
t~e Assignee has otherwise been approved in accordance with all the '
. provisions of the Declaration of Condominiwn of VILLA D~L SOL, INC.
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I?fORTGAGING LEASEHOLD INTEREST. ~he 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 sh~ll 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
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~ continue for. a period of thirty (30) days after written notice of such
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~ violation or default, then it shall be optional for Sublessor to declare
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# this Lease forfeited and the lease term ended and to re-enter said ¢
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premises, with or without process of law, using such force as may be
necessary, Lo remove Su'~lessee and Sublessee's chattels therefrom.
~ Sublessor shall not be liable for damages by reason of such re-entry
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~ or forfeiture. Notwithstanding such re-entry by Sublessor, the lia-
~ bility of Suble~see 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
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~ condominium unit and all the furniture and furnishings and fixtures
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