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:��� � . ..:➢. <br /> x� <br /> a`; . �.._. � <br />� <br /> 4 <br />� <br /> : 76- () n � ) � � <br /> ' 11 . �Qama es t��o the Leased Prem9ses . If by f1re or other casulaty , the <br /> building on the lease prem ses s estroyed or damaged to the extent that it <br /> ' is rendered untenantabte , the Lessor may elect to : ( a ) proceed with due dili - � <br /> gence to restore the leased premises and appurtenances ta substantially the <br /> same condition as existed before such damage or destruction or ( b ) cancel <br /> this lease as of the date of such fire or casualty by written notice to the <br /> Lessee not more than thirty ( 30 ) days thereafter . Should the Lessor elect <br /> to proceed under ( a ) above , all rent shall abate until the restaration or re- <br /> ' pair is completed . <br /> 12 . Uefault b Lessee . If the Lessee fails to pay any installn�ent of <br /> rent within ten (T0� ayd s after it becomes payable hereunder and written demand <br /> has been made therefor , or if the Lessee fails to observe or perform any of the <br /> other provisions , covenants or conditions of thls lease required under t M s <br /> ' lease to be observed or performed by the Lessee within twenty ( 20 ) days after <br /> ' written notice thereof , provided that if by reason of the nature thereof the <br /> Lessee cannot observe and perform the same within twenty ( 20 } days , if the � <br /> Lessee fa11s to conanence promptly and to proceed diligently to observe and <br /> perforni the same witfi due diligence , as promptly as circumstances perrnit , then <br /> and in any such event , imnediately or at any tin�e thereafter , aC the option of <br /> the Lessor , the Lessor shalt have the ri9ht to immediately re -enter and take <br /> possession of the lease premises and either ( a ) declare ttiis lease to be termi - <br /> nated , in which event this lease , all rights of the Lessee , and all duties of <br /> the Lessor shall iirenediately cease and terminate ; the Lessor may possess and <br /> enjoy the same as though this lease had never been made , without prejudice , <br /> however , to any and all rights of action a9ainst the Lessee the Lessor may have <br /> for rent , damages or breach of covenant , or ( b ) relet the leased premises on <br /> 6ehalf of the Lessee and for the highest rent reasonably obtainable in the <br /> - jud9ement of the Lessor which event shall not be considered as a surrender or <br /> acceptance back of the premises or a termination of this lease , and recover <br /> from the Lessee any deficiency between the amount received as rent upon such <br /> reletting and the amount of rent payahle under ttiis lease plus any expenses <br /> incurred by the Lessor in connection with such relettinq including , without <br /> limitation , the expenses of any decoratin9 , repairs or alterations tliat the <br /> � i Lessor deems necessar,y or appropriate to make in connection with such reletting . <br /> � 13 . Entry by lessor . The Lessor and the Lessor ' s agent shall have the <br /> ri ht to enter upon th� eased premises at all reasonable times for purposes of <br /> ( a� inspectinq the condition of the leased premises and making such repairs , <br /> s' :1 alterations , additions or improvements to the leased premises as the Lessor <br /> ' may deem necessary or desireable , ( b ) exhibitin � the leased prernises to persons <br /> ; ` who may wish to purchase or lease the same , and ( c ) durinq the last GO ( sixty ) <br /> � days of the term of this lease , placinq notices of reasonable size on the leased <br /> ," premises offerin9 the leased premises for sale or for lease . <br /> � ', 14 . Subordination . The Lessee ' s leasehold interest created hereby shall be <br /> subject an su o� r ind' ate-to any nortga9e or nbrtqaqes now er he mafter placed on <br /> ��� the prernises or an any real property upon which the premises are located and <br /> � ' shall be sub,ject and subordinate to any and all renewals , nbdifications , and <br /> extensions thereof , and the recordinq of such nbrt �age or mortqa9es shall have <br /> _ preference to an be superior in lien to this lease . Upon request hy the Lessor , <br /> , ', the Lessee shall execute , acknowledqe and deliver any instrun�cnt or instruments <br /> 5 (without cost or expense to the Lessee ) which the Lessor may deem necessary or <br /> � desirable further to effect the suhordination of this lease to any such mortgage <br /> or mortgages , provided said instrument of subordination shall in no way amend <br /> ' or chanqe the terms of this lease , and provided the lien holder simultaneously <br /> " : a9rees in the same instrument that said lien hoider , or any one claiming by , <br /> x ; throuyh or under same , shall not disturb , or cause to be disturbed , Lessee ' s <br /> peaceable possession of the leased premises durinq the terni o � this lease or <br /> any renewal or extension thereof , as lonn as there is not in existence a default <br /> f . <br /> of Lessee which would perrnit the Lessor to terminate this lease . <br /> 15 . Assiqnrnent or Sublr. Ctin�� Le � see . fiiere siiall be no assignrr�nt or <br /> subleasing of the-leased preiin ses y lessee without the prior written consent or <br /> � . r. <br /> �i �.. <br /> —n — J � <br /> r�� � ��� � <br /> c� <br />.�� � <br />� <br />, . <br />�;;: <br /> _vt � <br />:_ s <br /> € <br /> ., <br /> # <br /> � <br /> f <br />