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24 <br /> b. Landlord may mortgage the Premises and may assign its <br /> interest in this Lease and any moneys receivable under this Lease <br /> as security for payment of the principal of and interest on any <br /> installment debt or other debt of Landlord, subject, however, to <br /> be rights of Tenant under this Lease. <br /> Landlord agrees that, except as set forth in this Paragraph <br /> 10 of this Lease, it will sell, convey, mortgage, encumber or <br /> otherwise dispose of any part of the Premises during the Lease <br /> Term as provided in Paragraph 2 of this Lease. <br /> C. Tenant may from time to time, in its sole discretion <br /> and at its own expense, install machinery and equipment in the <br /> structures or otherwise on the Premises. All machinery and <br /> equipment so installed by Tenant shall remain the sole property <br /> of Tenant. It may be modified or removed at any time while <br /> Tenant is not in default hereunder and shall not be subject to <br /> lien but all such machinery and equipment shall be subject to any <br /> landlord's lien allowed by law. Nothing contained in this <br /> Paragraph shall prevent Tenant from purchasing machinery and <br /> equipment on conditional sale contract or lease sale contract, or <br /> subject to vendor's lien or purchase money mortgage, as security <br /> for the unpaid portion of the purchase price thereof, and each <br /> such conditional sale contract, lease sale contract, vendor's <br /> lien and purchase money mortgage made by Tenant with respect to <br /> machinery and equipment purchased by it under the provisions of <br /> this Paragraph shall, if . appropriate financing statements are <br /> duly filed for record in the manner and places required by the <br /> North Carolina Uniform Commercial Code simultaneously with or <br /> prior to the installation at the Premises of the machinery and <br /> equipment covered thereby, be prior and superior to any <br /> landlord's lien. Tenant agrees to pay as due the purchase price <br /> of and all costs and expenses with respect to the acquisition and <br /> installation of any machinery and equipment installed by it <br /> pursuant to this Paragraph. <br /> 11. Events of Default and Remedies. <br /> a. The following shall be "events of default" under <br /> this Lease and the terms "event of default" or "default" shall <br /> mean, whenever they are used in this Lease, any one or more of <br /> the following events: <br /> (i) Failure by Tenant to pay the rents required <br /> to be paid at the times specified and (1) continuation of said <br /> failure for a period of five days after notice by mail given to <br /> it by Landlord that the rent referred to in such notice has not <br /> been received or (2) continuation of said failure for a period of <br /> fifteen days. <br /> 13 <br />