RIVER VIEW GOLF COMPANY - LEASE 1962

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• • 12. DESTRUCTION OF OR DAMAGE TO LEASED PROPERTY: If, by earth- quake, flood, or other similar calamity, or by fire, act of war, act of God, or other similar cause, the buildings to be erected by LESSEE on the leased property are destroyed or damaged to a substantial degree, and if, within six months after the date when such destruction or damage occurs, LESSEE has not commenced their repair or construction, LESSOR may terminate this Lease by written notice to LESSEE. If so terminated LESSEE shall at his own cost and expense forthwith remove the damaged buildings and structures and shall be otherwise released from all obligations under this Lease. 13. ASSIGNMENT OR SUBLETTING: LESSEE shall not have the right to assign nor sublet this Lease or any concession thereunder with- out the prior written consent of the City Council of the CITY OF SANTA ANA. 14. BANKRUPTCY: An adjudication that LESSEE is a bankrupt automatically shall terminate this Lease and all rights of LESSEE under this Lease. If (a) receiver (apart from a bankruptcy proceeding) is appointed to take possession of all or substantially all of the assets of LESSEE, or if (b} LESSEE shall make a general assignment for the benefit of creditors, and if such appointment or assignment continues for a period of thirty (30) days, then LESSOR, at its election, may 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. 15. DEFAULT: Except as provided in Paragraph 14, (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 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 -5-