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shall contain an endorsement providing that the insurer will not cancel or materially change the
<br /> coverage of said policy or policies without first giving thirty (30) days prior written notice thereof to
<br /> Landlord.
<br /> Tenant shall not occupy Demised Premises until aforementioned liability insurance policy is in full
<br /> effect.
<br /> FIXTURES
<br /> 18 . All fixtures installed by Tenant in the Demised Premises shall remain the property of Tenant and shall
<br /> be removable at the expiration or earlier termination .of this Lease Agreement or any renewal or
<br /> extension thereof, provided Tenant shall not at such time be in default under this Lease Agreement;
<br /> provided further, that in the event of such removal, having repaired the damage caused by such removal
<br /> Tenant shall promptly restore the Demised Premises to their original order and condition. Any such
<br /> fixtures not removed at or prior to such termination shall be and become the property of Landlord.
<br /> Lighting fixtures and heating, ventilating, and air conditioning equipment, whether or not installed by
<br /> Tenant, shall not be removable at the expiration or earlier termination of this Lease Agreement, or at
<br /> the expiration of any renewal or extension thereof, and shall become the property of Landlord.
<br /> ASSIGNING, MORTGAGING AND SUBLETTING
<br /> 19 . Tenant agrees not to assign, mortgage, pledge or encumber this Lease Agreement in whole or in part, or
<br /> sublet the whole or any part of the Demised Premises without first obtaining the written consent of
<br /> Landlord. Tenant agrees that in the event of any such assignment or subletting made with the written
<br /> consent of Landlord as aforesaid, Tenant will nevertheless remain primarily liable for the performance
<br /> of all the terms , conditions and covenants of this Lease Agreement .
<br /> Upon written consent, the assignment of the subletting of the Demised Premises of this Lease
<br /> Agreement, it will be upon condition that :
<br /> (a) Any such assignee or sublessee shall agree with Landlord in writing, prior to any such assignment
<br /> or subletting, to be bound by and to perform all covenants, conditions and agreements of this Lease
<br /> Agreement applicable to Tenant.
<br /> (b) Tenant shall remain primarily liable for the observance and performance of all of the covenants,
<br /> conditions and agreements of this Lease Agreement.
<br /> (c) Landlord may exercise against any subtenant or assignee all the rights and remedies herein
<br /> provided upon default, but Tenant shall remain liable, jointly and severally, with any assignee or
<br /> subtenant for the performance of all of the covenants, conditions and agreements of this Lease
<br /> Agreement, including, but not being limited to, the payment to Landlord of all payments due or to
<br /> become due to Landlord under this Lease Agreement.
<br /> SUBORDINATION
<br /> 20 . (a) Tenant agrees to subordinate this Lease Agreement to any and all mortgages or deeds of trust now
<br /> or hereafter placed on the property of which the Demised Premises are a part, provided in each such
<br /> case the holder of any such mortgage or deed of trust shall agree in writing that this Lease Agreement
<br /> shall not be divested or in any way affected by foreclosure or other default proceedings under said
<br /> mortgage, deed of trust, or obligation secured thereby, so long as Tenant shall not be in default under
<br /> the terms of this Lease Agreement; and Tenant further agrees that this Lease Agreement shall remain in
<br /> full force and effect notwithstanding any such default proceedings under said mortgage, deed of trust or
<br /> obligation secured thereby.
<br /> (b) If Tenant is notified of Landlord' s assignment of this Lease as security for a mortgage loan and of
<br /> the name and address of the older of such mortgage or deed of trust, Tenant shall not terminate or
<br /> cancel this Lease for any default on the part of Landlord without first:
<br /> ( 1 ) Giving notice of its intention to do so to the holder of such mortgage or deed of trust, the notice
<br /> to describe in reasonable detail the nature and extent of the default; and,
<br /> (2) Affording the holder of such mortgage or deed of trust a reasonable opportunity to perform on
<br /> behalf of Landlord its obligation under this Lease .
<br /> (c) Recognizing that both parties may find it necessary to establish to third parties, such as
<br /> accountants, banks, mortgagees or the like, the then current status of performance hereunder, either
<br /> party, on the written request of one to the other made from time to time, will promptly furnish a
<br /> written statement on the status of any matter pertaining to this Lease, including a copy of Tenant' s
<br /> latest financial statement.
<br /> (d) Without limiting the generality of the foregoing, Tenant specifically agrees , promptly upon the
<br /> commencement of the term hereof, to notify the Landlord in writing of the date of the
<br /> commencement of the terms and to acknowledge satisfaction of the requirements with respect to all
<br /> matters by Landlord, save and except for such matters as Tenant may wish to set forth specifically
<br /> in said statement. At any time within ten ( 10) days after such request is made , Tenant shall
<br /> execute, acknowledge and deliver to Landlord a certificate evidencing :
<br /> ( 1 ) Whether this Lease is in full force and effect;
<br /> (2) Whether this Lease has been amended in any way;
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<br /> VLa
<br /> (308 W. Franklin St. ) ndl rd Tenant
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