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C. Damages: If the leased premises or any portion thereof shall be taken <br />condemned for any public purpose to such an extent as to render the leased <br />premises untenantable, this lease agreement sha11, at the option of either <br />parry, forthwith cease and terminate. It is agreed that all proceeds from any <br />taking or condemnation of the leased premises sha11 belong to and be paid to <br />the Lessor. <br />18. Default by Lessee: If default shall be made in the payment of any sum to be <br />paid by Lessee under this lease agreement, and default sha11 continue for thirty (30) <br />days, or default shall be made in the performance of any of the other covenants of <br />conditions which Lessee is required to observe and to perform, and such default <br />shall continue for thirry (30) days, or if the interest of Lessee under this lease <br />agreement shall be levied on under execution or other legal process, or if any <br />petition sha11 be filed by or against Lessee to declare Lessee as bankrupt or to delay, <br />reduce or modify Lessee's debts or obligations, or if any petition shall be filed or <br />other action taken to reorganize or modify Lessee's capital structure if Lessee be a <br />corporation or other entity, or if Lessee be declared insolvent according to law, or if <br />any assignment of Lessee's properry shall be made for the benefit of creditors, or if <br />a receiver or trustee is appointed for Lessee or its property, or if Lessee shall <br />abandon the leased premises during the term of this lease agreement or any <br />renewals or extension thereof, then Lessor may treat the occurrence of any one or <br />more of the foregoing events as a breach of this lease agreement, provided that no <br />such levy, execution, legal process or petition filed against Lessee shall constitute a <br />breach of this lease agreement if Lessee sha11 vigorously contest the same by <br />appropriate proceedings and shall remove or vacate the same within sixty (60) days <br />from the date of its creation , service or filing and thereupon, at Lessor's option, <br />Lessor may have any one or more of the following described remedies in addition <br />to a11 other rights and remedies provided at law or in equity: <br />A. Lessor may terminate this lease agreement and forthwith repossess the <br />leased premises and remove all persons or property therefrom, and be <br />entitled to recover forthwith as damages a sum of money equal to the total <br />of: <br />(1) The cost of recovering the leased premises <br />(2) The unpaid rent owed at the time of termination, plus interest <br />thereon from due date at the maximum rate permitted by applicable <br />law <br />(3) The balance of the rent for the remainder of the term less the fair <br />market rental value of the leased premises for said period <br />(4) Any other sum of money and damages owed by Lessee to Lessor; or <br />B. Lessor may terminate Lessee's right of possession (but not the Lease <br />Agreement) and may repossess the leased premises without demand or <br />notice of any kind to Lessee, and without terminating this lease agreement, <br />in which event Lessor may, but shall be under no obligation to do so, relet <br />the same for the account of Lessee for such rent and upon such terms as <br />shall be satisfactory to Lessor. For the purpose of such reletting Lessor is <br />authorized to decorate or to make any repairs, changes, alterations or <br />Page 9 of 13 <br />