HomeMy WebLinkAbout2857 • PER~IAL ASS[~TICN OF' OBLIGATIONS
WF~RF~1S, !QN-TSIIJ Imo, M.D. & ~lCrLING Imo, his wife, hereafter
called "Purchasers", are this day purchasing Oondominium Unit No. 2A in
I1~W[VGd00D I~UICAL ARTS BUILDING, a Condominium, according to the Declaration
thereof reo~rded in O. R. 8ooic 290 at page 1627 of the Public Reo~rds of
St. Lucie County, Florida; and
Wf~FAS, Purchasers have, by such piudtase, become mranbers of L~A4~VWOOD
O0[VDOMINI(I~! ASSOCIATION, INC., hereafter called "Association"; and
W[~REAS, Association services a certain 51-year lease of the land
on which said eoixlaminium is located, as to which the St~I BANK OF' ST. IIICIE
C~Ot~T!'Y as Trustee, is Lessor; and
WI-~REAS, as a condition of purchase and part of the consideration
to be paid by Purchasers to H006t~IVG HOOi6fIl~4~IVD, for which consideration,
inter alia, he did convey to Purcdkisers the aforedescribed Unit, Purchasers
did agree that Purchasers would personally assure responsibility for, and
hold Grantor harmless from, a proportionate share of the rental payments
and other charges and expenses called for by the aforesaid lease;
NOW, 7I~I2~, for arx3 in consideration of Grantor conveying to _
Purchasers the aforesaid Unit, and other good and valuable o~nsiderations,
Purchasers unconditionally agree:
1. Zb pay prn~tly without demand 4.183$ of the rents, charges and
expenses called for to be paid by the tenant under the aforesaid Lease,
and does hereby expressly waive notice of or protest to any extensions
of payment granted by Lessor in said lease.
2. Purchasers hereby agree to inde?nify and hold harmless 8006HANG
EU06EPSAI~, and his successors and assigns, from 4.183$ of all (i) claims
against, (ii) obligations and liabilities of, and (iii) suns payable by,
the tenant under said lease, accruing after October 19 , 1979 .
3. Upon sale of the above-described Unit to a txiyer appr+aved by
Association and the execution by such buyer of such Unit o~ an assumption
as to such rents and other payments in a form similar hereto, Purchasers
shall be released as to obligations thenceforth arising under said lease
j or other condominium documents.
4. Purchasers shall pay and discharge all Purchasers' liabilities
hereunder through Association, but this provision may be waived by the
~ then holder of the Lessor's interest under said lease, in which event
payment and performance shall be direct.
s
E
5. Purchasers, by acceptance hereof and by agreement with H006E~NG
HDO6fII~WND as Grantor, hereby .expressly assume and agree to be bound by
and to Damply with all of the oov+enants, terms, conditions and provisions
set forth and contained in the Declaration of Oondominium, including,
but not limited to, the obligation to make payment of assessments which
( may be levied against the above--described Unit for the maintenance and
~ operation of said oondaniniun, in addition to Purchasers' aforedescribed
lease obligations, and acknowledges the enforceability of the same by
the means set forth in said Declaration.
6. Purchasers do hereby agree that Purchasers' obligations hereunder
shall be secured by a lien upon Purchasers' Unit above described and
Purchasers' interest in the oamion elements and limited eamion elements
of the condominium, and that the Association (or, with respect to lease
obligations, the then holier of the Lessor's interest in the leased
? premises) may file a lien against Purchasers' interests and said Unit
in the event of default by Purchasers. Purchasers shall pay all costs of
collection, including a reasonable attorney fee, in the event Purchasers
default in the performance of any of these obligations, and the Association
1
y
u~
Y'
g~,,K
"x 318 ~acE 2851
-1'