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ARTICLE XIII. <br /> CCNVEYANCE RE.ZUIREt hNTS: <br /> The giving by Lessee of notice of the exercise of the <br /> purchase refusal option hereinbefo:e granted, shall fix and determine <br /> the right of Lessee to purchase the property included in the option <br /> and the obligation of Lessor to sell the same. Lessor shall furnish, <br /> free of expense to Lessee, within Twenty (20) Days after the receipt <br /> of said notice, a complete Abstract of Title certified from title in <br /> the :overnrent prepared And issued by a financially responsible title <br /> abstract company, showing ?ood merchantable title in Lessor as of a <br /> date not earlier than the date of said notice. P. reasonable time <br /> will be allowed Lessee to examine such Abstract or other evidence of <br /> title, and if' the same does not then show good merchantable title <br /> in Lessor, a reasonable time will be allowed Lessor to cure defects <br /> and clear the title preparatory to delivery of deed and any other <br /> instruments required to effect the transfer and conveyance. <br /> Upon acceptance by :Lessee of said title, and payment to <br /> ,essor of tae purchase price, Lessor shall convey to Lessee, or its <br /> nominee, by leneral %arranty Deed, a fee simple title in and to said <br /> real estate and the appurtenances thereunto belonging, free and <br /> clear of all liens, encumbrances, and charges of whatsoever character, <br /> ;41t'1 release of dower, curtesy, homestead, and all statutory rights; <br /> and shall also deliver to Lessee, free of expense to Lessee, such <br /> abstract showin-; good merchantable title to said premises in Lessor <br /> at the time of delivery of deed. <br /> Such purchase shall serve to cancel the within lease in <br /> all particulars, and if Lessor shall have been paid rents covering <br /> a period subsequent to date of delivery of deed, such payment shall <br /> be applied on and shall constitute a part of the purchase price of <br /> the property conveyed. <br /> ARTICLE XIV. <br /> BREACH AND DEFAULT: <br /> In the event Lessee shall be in default in the payment <br /> of rentals or other charges hereunder, or otherwise shall breach its <br /> covenants or obligations hereunder, and shall remain in default for <br /> a period of Thirty ( 30) Days after notice from Lessor to it of such <br /> default, Lessor shell have the right and privilege of terminating <br /> this lease and declaring the same at an end, and of entering upon <br /> and taking possession of said premises, and shall have all legal <br /> remedies for recovery of rent, repossession of the premises, and <br /> damages suffered. <br /> In the event Lessor shall breach or be in default in the <br /> performance of its covenants or obligations, and shall remain in <br /> default for a period of Thirty (30) nays after notice to it of such <br /> default, Lessee shall have the right and privilege of terminating <br /> this lease, and shall have all legal remedies for the recovery of <br /> damages suffered by it. <br /> If Lessor '21a11 be in default in the payment of any in- <br /> ' debtedness to any third party, the payment of which is secured by <br /> said premises, and the creditor shall seek 'to subject said premises <br /> to the payment of the debt, Lessee, at its option, may pay such <br /> indebtedness and be subrogated to all of the rights of the original <br /> creditor; and Lessee shall have the further right, if it so elects, <br /> to treat such payment as an advance payment of rentals, and to retain <br /> possession of said premises under the terms and provisions of the lease <br /> until Lessor's indebtedness to it is liquidated by accruing rentals, <br /> notwithstanding such possession shall extend beyond the fixed term <br /> of the lease, or any extension or renewal thereof. <br /> • <br /> - 6 - <br /> 3 <br />