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....... o --t C\! o l'- o o C\l shall degire tv _ ..1 the Leased Premises and shall rcc~h ,01\.;,'\ fide 0 ff() r for the purchase thereof, the clos ing of which purchase being contemplated to occu,' prior to the termination of this Lease, then, in such~ event, LESSEE shall have the option. for a period of sixty (60) days after written notification from LESSOR, to accept the terms and conditions of such offer. If the LESSEE fails to accept the said terms r- and conditions of sale within said sixty (60) day period, then the right of first re- fusal granted hereby shall be of no further force and effect, and LESSOR shall be free thereafter to sell such premises to such offeror. otherwise subject to this Lease. Notwithstanding anything to the contrary in the foregoing Lease. in the event of purchase of Leased Premises by LESSEE pursuant to this provision, the obligations of LESSEE hereunder shall terminate and shall merge with delivery of the deed to LESSEE. This Right of Firs t Refusal granted hereby to LESSEE shall be enforceable against U:SSOR. his successors and assigns, including but being not limited to a trustee in bankruptcy. receiver, fiduciary or any other court appointed representative. iO.2 If LESSEE exercises his right of first refusal, then LESSOR shall comply with paragraphs 12,3,4,6, i3. and 14 of the Real Estate Purchase Contract at- tached hereto. marked Exhibit "A", and incorporated as if herein rewritten. The said paragraphS 2.3,4,6,13 and 14 of said Exhibit 'A" become a part of this paragraph 10.2 and become requ irements of the parties as if herein written. ARTICLE XI - SU BORDINATION ll.i As a part of the consideration of this Lease and subject to the reservations set forth hereinafter. LESSOR agrees to subordinate his interest in this Lease to the lien of a first mortgage on the building to be constructed by LESSEE in accordance with the provisions of this Lease for a cost of approximateiy $135,000.00. The express purpose of such subordination shall be to enable said mortgagee to fully exercise its rights in accordance with the terms of said mortgage, provided however. that under no circumstances whatsoever shall this subordInation be construed so as to allow said mortgagee to deprive LESSOR of his ownership of the underlying fee by judiciai action or otherwise. unies s payment is made ,by said mortgagee to said LESSOR under the terms and of an amount determined as set forth hereinafter. 11.2 In the event of defauit by the LESSEE in the performance of its obligations pursuant to the provisi.ons of said mortgage on the building, LESSOR hereby gives the rlght to the mortgagee to purchase the iand for "fair market value". ~\^,,~ f.. (f l-r -6-