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whole of the demised premises at the date of condemnation. If all of the demised 200702101 premises be taken or condemned. or 50 much thereof that the use by LESSEE shall be substantially impaired (and in this regard the parties acknowledge the parking area to be of great importance to the business of LESSEE}, the LESSEE may there- ,- upon terminate this Lease. All compensation awarded l)-pon any such condemnation c.rtaking shall go to the LESSOR and the LESSEE as provided by law; but LESSEE shall in any event be entitled to the award of an amount equal to the value of the building, fixtures and equipment, and improvements at such time. ARTICLE XV _ SUBLETTING AND ASSIGNEM~NT - JUDICIAL PROCEEDINGS 15.1 'Teither this Lease nor any interest therein shall be assignable by action at law, inciuding bankruptcy, either involuntary or voluntary, and no trustee, sheriff. creditor, purchaser at any judicial sale, officer of any court, or receiver shall acquire any right under this Lease or any right to the possession or use of the Leased Premises or any part thereof without the prior written consent of LESSOR. Any violation of the above terms of this paragraph may at the option of the LESSOR be deemed a material breach of this Lease. ARTICLE:h'VI -DEFAULT - REMEDIES 16.1 If l.ESSEE shall default in the due observance and performance of any covenant or agreement contained herein, LESSEE shall have sixty (60) days from the date of written notice thereof within which to cure said default. 16.2 Right to Re-Enter: In the event of any failure of the LESSEE to pay any rental due hereunder within thirty (30) days from when the same shall be due or any failure to perform any other of the terms, conditions or covenants of thIs Lease to be observed or performed by the LESSEE for more than sixty (60) days after written notice of such default shall have been mailed to LESSEE, as provided herein, or if LESSEE shall become bankrupt or insolvent, or file any debtor pro- ceedings, or take or have taken against LESSEE in any court pursuant to any statute either of the United States or of any state a petition in' bankruptcy or insolvency or' for reorganIzation or for the appointment of a receiver or trustee of all or a portion of LESSEE'S property I or if LESSEE makes an assignment for the benefit of creditors. -,..._~--~---~ or petitions for or enters into an arrangement, or if LESSEE shall abandon said premises, or suffer this Lease to be t<lken under any writ of execution, then LESSOR, (11\_~~ -8~ (fit