HomeMy WebLinkAbout2843 amount collected to the rent reserved herein, but no such assign-
ment, subletting, occupancy, or collection shall be deemed a waiver
of any agreement or condition hereof, or the acceptance of the
assignee, transferee, subtenant, or occupant as Lessee. Lessee
shall continue to be liable hereunder in accordance with the terms
and conditions of this lease and shall not be released from the
performance of Che terms and conditions hereof. The consent by
Lessor to an assignment, mortgage, pledge, or transfer shall not be
construed to relieve Lessee from obtaining the express written
consent of Lessor to any future transfer of interest.
18. Default or Breach - Each of the following events shall
constitute a default or breach of the lease by lessee:
(1) If Lessee, or any successor or assignee of Lessee while
in possession, shall file a petition in bankruptcy or insolvency or
for reorganization under any bankruptcy act, or shall voluntarily
take advantage of any such act by answer or otherwise, or shall
make an assignment for the benefit of creditors.
(2) If involuntary proceedings under any bankruptcy law or
insolvency act shall be instituted against Lessee, or if a receiver
i
or trustee shall be appointed of all or substantially all of the
property of Lessee, and such proceedings shall not be dismissed or
s
i
the receivership or trusteeship vacated within 45 days after the.
institution or appointment.
(3) If Lessee shall fail to pay Lessor any rent or
additional rent when the rent shall become due and shall not make
the payment within 5 days after notice thereof by Lessor to .
Lessee.
(4) If Lessee shall fail to perform or comply with any of
the conditions of this lease and if the nonperformance shall con-
; tinue for a period of 5 days after notice thereof by Lessor to
a
f Lessee o r, if the performance cannot be reasonably had within the
r 5 day period, Lessee shall not in good faith have commenced
x
performance within the 5 day period and shall not diligently '
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McROBERiS 8 WARNER. CHARTERED, ATTORNEYS AT LAW, STUART, FLORIDA -