RIVER VIEW GOLF COMPANY - LEASE 1964

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~~• • • terminate this Lease and all rights of LESSEE under this Lease, and it shall not be necessary for LESSOR to give notice to LESSEE of such termination. 14. FORECLOSURE: It is agreed, however, that in event the rights under this Lease are used as security for any loan or the repayment or replacement of any loan, the proceeds of which were used to develop and improve the property let hereby for the limited purposes set forth in this Lease, and said lender desires to foreclose said loan for non payment thereof or to accept an assignment of this Lease in lieu of such foreclosure, then and in that event, said lender or a purchaser from said lender will be accepted as lessee in lieu of the LESSEE named herein, and such foreclosure sale or assignment shall not terminate this Lease. 15. DEFAULT: Except as provided in Paragraph 13 (relating to bankruptcy, etc.), a default in the performance of any promise of or of any obligation imposed upon LESSEE shall not constitute a breach of this Lease unless LESSEE fails to cure such default within six (6) months after written notice of default has been served by LESSOR, except that failure to cure a default in a payment of rent shall constitute a breach of this Lease if such default is not cured within five (5) days after written notice of default has been served. 16. HOLDING OVER: If LESSEE with the consent of LESSOR con- tinues in the possession of the leased pro of the term of this Lease or any extension granted, then LESSEE shall be deemed to be on a month to month tenancy subject to all and the rent during such period of holding by LESSOR through its City Council. ~erty after the expiration under the option herein holding the leased property the provisions of this Lease, over shall be as determined 17. NOTICES: All notices to be given to either party may be given in writing personally or by depositing the same in the United States mail, postage prepaid, and addressed to LESSEE at the said -6-