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• • <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 terminate <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 ternlination. <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 the repayment or replacement of any loan, the proceeds of <br />which were used to develop and improve the property let hereby <br />fOr Elie 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 />l5. 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 />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 />11 .~ . <br />~" ~~ <br />