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material adverse changes to such policy(ies). Tenant shall furnish evidence satisfactory to <br />Landlord at the time this Lease is executed that such coverage is in full force and effect. <br />18. 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 or any guarantor of this Lease shall become bankrupt or <br />insolvent, or file any debtor proceedings or any person shall take or have against Tenant or any <br />guarantor of this Lease in any court pursuant to any statute either of the United States or of any <br />state a petition of bankruptcy or insolvency orfor reorganization or for the appointment of a <br />receiver or trustee of all or a portion of Tenant's or any such guarantor's property, or if Tenant or <br />any such guarantor makes an assignment for the benefit of creditors, or petitions for or enters <br />into an arrangement, or if Tenant shall abandon the Leased Premises or suffer this Lease to be <br />taken under any writ of execution, then in any such event Tenant shall be in default hereunder, <br />and Landlord, in addition to other rights of remedies it may have, shall have the immediate right <br />of re-entry and may remove all personal property from the Leased Premises and such property <br />may be removed and stored in a public warehouse or elsewhere at the cost of, and for the account <br />of Tenant, all without service of notice or resort to legal process and without being guilty of <br />trespass, or becoming liable for any loss or damage which may be occasioned thereby. <br />b. Landlord's Rights. Should Landlord elect to re-enter the Leased Premises, as <br />herein provided, or should it take possession of the Leased Premises 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 Premises, and relet the Leased Premises 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. Upon each such subletting all rentals received by Landlord <br />from such reletting shall be applied first to the payment of any indebtedness other than rent due <br />hereunder from Tenant to Landlord; second, to the payment of any costs and expenses of such <br />reletting, including brokerage fees and attorney's fees and costs of such alterations and repairs; <br />third, to the payment of the rent due and unpaid payment of future rent as the same may become <br />due and payable hereunder. If such rentals received from such reletting during any month be less <br />than that to be paid during that month by Tenant hereunder, possession of the Leased Premises <br />by Landlord shall be construed as an election on its part to terminate this Lease unless a written <br />notice of such intention be given to Tenant or unless the termination thereof be decreed by a <br />court of competent jurisdiction. Notwithstanding any such reletting without termination, <br />Landlord may at any time after such re-entry and reletting elect to terminate this Lease for any <br />such breach, in addition to any other remedies it may have, it may recover from Tenant all <br />damages it may incur by reason of such breach, including the cost of recovering the Leased <br />Premises, reasonable attorney's fees, and including the worth at the time of such termination of <br />the excess, if any, of the amount of rent and charges equivalent to rent reserved in this Lease for <br />the remainder of the stated term, minus the amount of rental loss which Tenant proves could <br />11 <br />