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t <br />i <br /> <br />_~ ARTICLE X <br />EXTENSION TERMS <br />- Section 10.1 Lessee shall have the right, to be exer- <br />cised as hereinafter provided in this Article, to extend the <br />term of this Lease Agreement upon expiration of the basic term, <br />for successive additional periods of five {5) years each. The <br />basic rent for each year of each such extension term sha12 be <br />$100 per year and shall be paid annually in advance to the Lessor, <br />Lessee shall keep or cause to be kept the Project insured in <br />an amount sufficient to protect Lessor's interest therein <br />during each extension term. <br />Section 10.2 Lessee's right to extend the term shall <br />be deemed exercised by Lessee unless Lessee shall have notified <br />Lessor at least ninety (90) days prior to the expiration of the <br />basic term and each extension term that it does not elect to <br />extend the term. <br />-22- <br />