HomeMy WebLinkAbout2081 of the obligations hereot,.and no suct~ prior Lessee shall be
released unless and until a written discharge or release of such
Lessee, duly executed by the Lessor, shall be recorded amongst
the Publie Records of St: Lucie County, Florida.
b. The Lessor shall have the right to assi~n and to encumber
its interest under this Lease and to t}~e Uemised Premises without
the consent of the Lessee, provided, however, that the Lessee
shall, at the Lessor's request, sign and execute such instruments
as may be required or requested by the Lessor to effectuate such
transfer or encumbrance.
c. Each of t1~e parties hereto agrees to provide the other,
within fifteen (15) days after written request therefor, a state-
ment of the status of the Lease, in writing, advising whether the
Lease is in good standing, and if it is not, the particulars in
which it is not; and failure to provide such statement shall
constitute a representation that the Lease is in good standing
which may be relied upon by any third party as being true and
correct.
d. All obligations assumed and imposed by the terms and condi-
tions hereof are covenants running with the land and shall pass
successively upon the occasion of any transfer or assigr.ment of
an interest in the Demised Premises of this Lease.
20, Duty of Lessee to Pay. It shall be the duty and obligation
of the Lessee to assess its condominium unit owners, i.n accordance with
the provisions of the applicable laws of the State of Florida, dealing
with condominiums, the Declaration of Condominium and the By-Laws of the
Lessee for such monies as shall be necessary to pay the rents and other
obligations provided for by this Lease, and to otl~erwise perform its `
~ covenants and promises contained herein.
i 21. Lessorts Right to Perform Lessee's Covenants. In the event
; Lessee shall fail to pay the costs of maintenance and repairs required to
I the Demised Premises, or of it shall fail to take out, maintain and
; deliver insurance policies required herein, or shall otherwise fail to
s perform any other act on its part covenanted herein to be perfo~ned by
~ it, including the assessment against concominium unit owners for monies -
necessary to pay the rents herein provided for and the other obligations
~ of the Lessee herein contained, then the Lessor :nay, but shall not be
~ obligated to, without notice or demand upon the Lessee, perform the act
t so omitted or failed to be performed by the Lessee, or pay the monies
3 ~ich the Lessee has failed or refused to pay. If such performance by
3 t}~e Lessor shall constitute in whole or in part the payment of monies,
~ such monies paid by the Lessor, together with interest thereon at the
~
s rate of ten (10°7 percent per annum, shall be deemed additional rents due
and payable the Lessor on demand, or, at the option of the Lessor, the
~ said monies may be added to any rent then due or thereafter becoming due
~ under the tex~ns and provisions of this Lease, and the Lessee covenants
- to pay any such sums with the said interest, and the Lessor shall have, _
; in addition to any and all other rights and remedies,herein provided, the
same rights and remedies as exist pursuant to the terms and provisions
h hereof, as well as by operation and rule~ of law, in the event of default i
° by the Lessee in the payment of rent.
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3 22. Quiet Enjoyment. The Lessor covenants and agrees with the =
s Lessee that so long as the Lessee keeps and performs all of its covenants ~
~ herein made the Lessee shall have quiet and undisturbed and continued
'S possession of the Demised Premises subject only to the terms and provisions
' of this Lease herein provided, and the easements herein referred to. -
23. Lessor's Right of Entry. The Lessor and its agents shall have -
t}~e right of entry upon the Demised Premises at all reasonable times to
examine the condition and use thereof, and if said premises are damaged
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