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• - ~ ~ <br /> B~ i 1391 PG I ~0~ <br /> of LESSEE under this lease. If (a) a receiver (apart .from a <br /> bankruptcy proceeding) is appointed to take possession of all <br /> or substantially all of the assets of LESSEE, .or if (b} LESSEE <br /> • shall make a general assignment for the benefit of creditors, <br /> and if such appointment or assignment continues for a period <br /> of thirty {30) days, then LESSOR, at its election, may ternzinate <br /> this lease and all rights of LESSEE under this lease, and it <br /> shall not be necessary for LESSOR to give notice to LESSEE of <br /> such termination. <br /> 14. FORECLOSURE: It is agreed, however, that in event <br /> the rights under this lease are used as security "for any loan <br /> or she repayment or replacement of any loan, the proceeds of <br /> which were used to develop and improve the property let hereby <br /> €or L•l~~e limited purposes set forth in this lease, and said <br /> . ~~lender desires to foreclose said loan for non payment thereof <br /> or to accept an assignment of this lease in lieu of such fore- <br /> closure, then and in that event, said lender or a purchaser <br /> from said lender will be accepted as lessee in lieu of. the <br /> LESSEE named herein, and such foreclosure sale or assignment <br /> shall not terminate this lease. <br /> 15. DEFAULT: Except as provided in Paragraph 13 (relating <br /> to 'bankruptcy, etc.), a default in the performance of any promise <br /> of or of any obligation imposed upon LESSEE shall .not constitute <br /> a breach of this lease unless LESSEE fails to cure such default <br /> <br /> • within six (6) months after written notice of default has been <br /> • served by LESSOR,-except that .failure to cure a default in a <br /> ' payment of rent shall constitute a breach of this lease if such <br /> t ' <br /> ' 11 <br /> <br />