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82~. a~.947 policies contain a clause to this effect that this release shall not affect the right of. the insured to recover under -such. policies. Such clauses shall be obtained by the parties whenever possible. 11, UTILITY BILLS. Lessee agrees to promptly pay all bills rendered for water, gas, electricity or other utilities used by him on the demised premises during- the term of this- -lease, 12. TERMZNATTON. At the expiration or termination of this lease, whether by lapse of time or otherwise, Lessee shall without notice, surrender to Lessor possession of the leased premises and property in clean and sightly condition, ordinary -wear and tear, damages by fire,..flood, act of God or casualty ~x,.epted. 13. OPTION TO EXTEND. Lessee is hereby -given the option to renew this lease for two one-year terms on the same terms and conditions. The option shall be exercised by Lessee, giving notice to the Lessor, at least ninety (40) days before the expiration of the then current term. The extension period shall be under the same terms and conditions as provided herein. ~ 14. ASSIGNMENT. Lessee may assign this lease or any interest therein and, in addition, shall have the right to sublet the demises premises or any part thereof without the written consent of Lessor. 15. TAXES. The Lessor shall pay the general real testate taxes and will pay all Special Assessments-for special iimprovements including, but not limited to, water, sewer, and. (street improvements. The Lessee will pa_y all taxes and assess- menu on machinery, equipment, and leasehold improvements located upon said premises. 16. REMEDIES ON DEFAULT. Should Lessee fail to pay I, ~-the rent or any part thereof, as the same becomes due, or fail to make any other payments required by the Lessee to be made under this lease when they become due, or if Lessee violates any other term or condition ,nf this .lease, other than one pr. t1 ~ '.ing for ~wc~:~,cuazr~ucr,payment of money, Lessor may make demand ir. writing 'or such rtt:!~~tx ~, 1V_~uiQtT 7T41kb F. i"~;=I~T-jA7f 31; PLfF`(AY17."B _~_ ! )