O-1978-1136 - Laserfiche WebLink

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. . . . ~ . e -2- I.V. LESSEE shall not have the right to sell or assign this lease, or to sublet the leased premises, or any part thereof. V. This lease is entered into pursuant to the autho~ity of City of La Porte Ordinance No. 70S-I, passed and approved by the City Commission of the City of La Porte on the 20th day of September, 1978. LESSEE certifies that it is a duly qualified homeowner's association, which meets the minimum standards promulgated by the United States Department of Housing and Urban Develop- ment', for qualification for FHA and/or VA loans; and that it has been incorporated as a Texas non-profit corporation. LESSOR leases the demised premises to LESSEE, for operation by LESSEE aS,a park and recreation area, for the recreation of residents and their guests of Sections Two (2), Three (3), Four (4), and future Section Five (5), all in Fairmont Park West, all being subdivisions in the W. M. Jones Survey, A-482, Harris County, Texas, according to the respect- ive maps or plats thereof which have been filed, or which hereafter may be filed, in the office of the County Clerk of Harris County, Texas, reference to which is here made for all purposes. Section Two (2) has One Hundred Seventy-two (172) build- ing sites; Section Three (3) has Two Hundred Twenty-five (225) building sites; Section Four (4) has Two Eundred Twenty-two (222) building sites; and Section Five (5) will, when developed, have approximately One Hundred Fifty-three (153) building sites. VI. LESSEE shall not place or s~ffer any Deed of Trust, Mortgage, Mechanic's, or any' other type of lien, on the demised premises, or upon the permanent improvements thereon erected, and any' p'erson, firm or corpora'tion 'ma"king" any loans