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Tenant shall during the term hereof keep in full force and effect at its expense a policy or policies <br />of public liability insurance with respect to the Leased Property and the business of Tenant, on <br />terms with companies approved in writing by Landlord, in Landlord and Landlord's designees <br />are named as additional insured under prudent limits of liability not less than: $500,000.00 for <br />injury /death to any one person; $1,000,000.00 for injury /death to more than one person. Such <br />policy(ies) shall: (i) provide that such policies are primary and landlord's policy(ies) are <br />noncontributing; (ii) include a cross - liability endorsement, and (iii) require that at least 30 days <br />prior written notice must be given to Landlord prior to cancellation, expiration or material <br />adverse changes to such policy(ies). Tenant shall furnish evidence satisfactory to Landlord at the <br />time this Lease is executed that such coverage is in full force and effect. <br />14. DEFAULT OF TENANT: <br />a. Failure to Pay Rent. In the event of any failure of Tenant to pay any rental due <br />hereunder within ten (10) days after the same shall be due, or any failure to perform any other of <br />the terms, conditions or covenants of this Lease to be observed or performed by Tenant for more <br />than 20 days after written notice of such failure shall have been given to Tenant, or if Tenant or <br />an agent of Tenant shall falsify any report required to be furnished to Landlord pursuant to the <br />terms of this Lease, or if Tenant shall become bankrupt or insolvent, or file any debtor <br />proceedings or any person shall take or have against Tenant or any guarantor of this Lease in any <br />court pursuant to any statute either of the United States or of any state a petition of bankruptcy or <br />insolvency or for reorganization or for the appointment of a receiver or trustee of all or a portion <br />of Tenant's or any such guarantor's Leased Property, or if Tenant makes an assignment for the <br />benefit of creditors, or petitions for or enters into an arrangement, or if Tenant shall abandon the <br />Leased Property or suffer this Lease to be taken under any writ of execution, then in any such <br />event Tenant shall be in default hereunder, and Landlord, in addition to other rights of remedies <br />it may have, shall have the immediate right of re -entry and may remove all personal property <br />from the Leased Property and such personal property be removed and stored in a public <br />warehouse or elsewhere at the cost of, and for the account of Tenant, all without service of notice <br />or resort to legal process and without being guilty of trespass, or becoming liable for any loss or <br />damage which may be occasioned thereby. <br />b. Landlord's Rights. Should Landlord elect to re -enter the Leased Property, as <br />herein provided, or should it take possession of the Leased Property pursuant to legal <br />proceedings or pursuant to any notice provided for by law, it may either terminate this Lease or it <br />may from time to time, without terminating this Lease, make such alterations and repairs as may <br />be necessary in order to relet the Leased Property, and relet the Leased Property or any part <br />thereof upon such term or terms (which may be for a term extending beyond the term of this <br />Lease) and at such rental or rentals and upon such other terms and conditions as Landlord in its <br />sole discretion may deem advisable. <br />c. Landlord May Cure Default. Landlord may, at its option, instead of exercising <br />any other rights or remedies available to it in this Lease or otherwise by law, statute or equity <br />spend such money as is reasonably necessary to cure any default of Tenant herein and the <br />amount so spent, and costs incurred, including attorney's fees incurring such default, shall be <br />paid by Tenant, and additional rent, upon demand. <br />4 <br />