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<br />B. If at any time after the Date of Lease (whether prior to the commen=ent of or during the term of this
<br />lease (i) any proceedings in bankruptcy, insolvency or reorganization shall be instituted against Lessee pursuant to any Federn1
<br />or State law now or hereafter enacted, or any receiver or trustee shall be appointed of all or any portion of Lessee's business
<br />or property, or any execution or attachment shall issue against Lessee or any of Lessee's business or property or against the
<br />leasehold estate created hereby, and any of such proceedings, process or appointment be not discharged and dismissed within
<br />thirty (30) days from the date of such filing, appointment or issuance; or (ii) Lessee shall be adjudged a bankrupt or insolvent,
<br />or Lessee shall make an assignment for the benefit of creditors, or Lessee shall file a voluntary petition in bankruptcy or
<br />petitions for (or enters into) an arrangement for reorganization, composition or any other arrangement with Lessee's creditors
<br />under any Federn1 or State law nor or hereafter cnactcd, or this lease or the estate of Lessee herein shall pass to or devolve upon,
<br />by operation of law or othelWise, anyone other than Lessee (except as herein provided), the occurrence of anyone of such
<br />contingencies shall be deemed to constitute and shall be construed as a repudiation by Lessee ofl.essee's obligations hereunder
<br />and shall cause this lease ipso facto to be cancelled and terminated effective as soon as permitted by then applicable law without
<br />thereby releasing Lessee; and upon such termination Lessor sbal1 have the immediate right to re-enter the Demised Premises
<br />and to remove all persons and property therefrom and this lease shall not be treated as an asset of Lessee's estate and neither
<br />Lessee nor anyone claiming by, through or under Lessee by virtue of any law or any order of any court shall be entitled to the
<br />possession of the Demised Premises or to remain in the possession thereof. Upon the termination of this lease, as aforesaid,
<br />Lessor sbal1 have the right to retain as partial damages, and not as a penalty, any prepaid rents and Lessor shall also be entitled
<br />to exercise such rights and remedies to recover from Lessee as damages such amounts as arc specified in Section 22 hereof,
<br />unless any statute or rule of law governing the proceedings in which such damages are to be proved shall lawfully limit the
<br />amount of such claims capable of being so proved, in which case Lessor shall be entitled to recover, as and for liquidated
<br />damages, the maximum amount which may be allowed under any such statute or rule of law.
<br />
<br />22. DEFAULT:
<br />
<br />A. If this Lease be assigned or the Demised Premises be sublet, either voluntarily or by operation of law,
<br />except as herein provided, or if Lessee shall fail (i) to pay, within five (5) days, when due, any rental or other sum payable
<br />hereunder; or (ii) to keep, observe or perform any of the other terms, covenants and conditions herein to be kept, observed and
<br />performed by Lessee for more than fifteen (15) days after written notiee shall have been sent to Lessee specifying the nature
<br />of such default (or such greater length of time as may be reasonably required to cure such default provided that within sueh
<br />fifteen (15) day period Lessee has commenced and thereafter diligently continues steps to cure the default); then and in anyone
<br />or more of such events are not timely cured (herein sometimes referred to as an "Event of Default"), Lessor shall have the
<br />immediate right to re-enter the Demised Premises, either by summary proceedings, by force or otherwise and to dispossess
<br />Lessee and all other occupants therefrom and remove and dispose of all property therein or, at Lessor's election, to store such
<br />property in a public warehouse or elsewhere at the cost and for the account oflessee, all without service of any fwther notice
<br />of intention to re-enter and with or without resort to legal process (which Lessee hereby expressly waives) and without Lessor
<br />being deemed guilty of trespass or becoming liable for any loss or damage which may be occasioned thereby. Upon the
<br />occurrence of any such Event of Default, Lessor shall also have the right, at its option, in addition to and not in limitation of
<br />any other right or remedy, to terminate Ibis Lease by giving Lessee a written three (3) days' notice of cancellation and upon the
<br />expiration of said three (3) days, this Lease and the term hereof shall end and expire as fully and completely as if the date of
<br />expiration of such three (3) day period were the date herein definitely fixed for the end and expiration of this Lease and the term
<br />hereof and thereupon, unless Lessor shall have theretofore elected to re-enter the Demised Premises, Lessor shall have the
<br />immediate right of re-entIy, in the manner aforesaid, and Lessee and all other occupants shall quit and surrender the Demised
<br />Premises to Lessor, but Lessee shall remain liable as hereinafter provided; however, that if Lessee sbal1 default
<br />
<br />(1) In the timely payment of any rental or other sum payable hereunder and any such default shall
<br />continue or be repeated for three (3) consecutive months, or for a total offive (5) months in any period of twelve (12) months,
<br />or
<br />
<br />(2) in the perfonnance of any other covenants oflbis Lease more than six (6) times, in the aggregate,
<br />in any period of twelve (12) months, then, notwithstanding that such defaults sbal1 have been cured within the period after
<br />notice as above provided, any further default shall be deemed to be deliberate and Lessor thereafter may serve said written three
<br />(3) day notice of cancellation without affording to Lessee an opportunity to cure such fwther default.
<br />
<br />B. Ifby reason of the occurrence of any such Event of Default, the term of this Lease shall end before the date
<br />therefor originally fixed herein, or Lessor shall re-enter the Demised Premises, or Lessee shall be ejected, dispossessed, or
<br />removed therefrom by summary proceedings or in any other manner, Lessor at any time thereafter may, in Lessor's sole
<br />discretion, relet the Demised Premises, or any part or parts thereof, either in the name of Lessor or as agent for Lessee, for a
<br />term or terms which, at Lessor's option, may be less than or exceed the period of the remainder of the term hereof or which
<br />otherwise would have constituted the balance of the term of this Lease and grant concessions or free rent. Lessor shall receive
<br />the rents from such relening and shall apply the same, first, to the payment of any indebtedness other than rent due hereunder
<br />from Lessee to Lessor; second to the payment of such reasonable expenses as Lessor may have incurred in connection with re-
<br />entering, ejecting, removing, dispossessing, reJetting, altering, repairing, redecorating, subdividing, or otherwise preparing the
<br />Demised Premises for relening, including reasonable brokemge and attomey's fees; and the residue, if any, Lessor shall apply
<br />to the fuJfilIment of the terms, covenants and conditions of Lessee hereunder and Lessee hereby waives all claims to the swplus,
<br />if any. Lessee shall be and hereby agrees to be liable for and to pay Lessor any deficiency between the rent, additional rents
<br />and other charges reserved herein and the net avails, as aforesaid, of relening, if any, for each month of the period which other-
<br />wise would have constituted the balance of the term of this Lease, Lessee hereby agrees to pay such deficiency on an accel-
<br />erated basis or at Lessor's sole option, in monthly installments on the rent days specified in this Lease, and any suit or pro-
<br />ceeding brought to collect the deficiency for any month, either during the term of this Lease or after any termination thereof;
<br />shall not prejudice or preclude in any way the rights of Lessor to collect the deficiency for any subsequent month by a simi1ar
<br />suit or proceeding. Lessor shall in no event be liable in any way whatsoever for the failure to relet the Demised Premises or,
<br />in the event of such reletting, for failure to collect the rents reserved thereunder. Lessor is hereby authorized and empowered
<br />to make such repairs, alterations, decorations, subdivision or other preparations for the reletting of the Demised Premises as
<br />Lessor shall deem fit, advisable and necessary, without in any way releasing Lessee from any liability hereunder, as aforesaid.
<br />Lessor shall have a valid and subsisting lien for the payment of all rentals, charges and other sums to be paid by Lessee and
<br />reserved hereunder (including all costs and expenses incurred by Lessor in recovering possession of the Demised Premises and
<br />the reletting thereof as provided under this Section, which shall be deemed to be rent) upon Lessee's goods, merchandise,
<br />inventory, accounts, wares, equipment, signs, fixtures, furniture and other personal property situated in the Demised Premises
<br />("Lien Property"), and such property shall not be removed therefrom without the prior written consent of Lessor until the
<br />arrcarages in rent as well as any and all other sums of money then due to Lessor hereunder shall have first been paid and
<br />
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