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26. Subordination. Tenant agrees that, at the Landlord's election, this Lease <br /> shall be subordinate to any land Lease or mortgage now on or to be placed in the future <br /> on the Premises or Building and to any and all advances to be made thereunder and to the <br /> interest thereon and to all renewals, replacements and extensions thereof, provided that <br /> such subordination shall not materially affect either party's obligations under this Lease. <br /> Tenant hereby appoints Landlord as its attorney-in-fact to execute such documents as <br /> may be required to accomplish such subordination. <br /> 27. No Waiver. No reference to any specific right or remedy shall preclude <br /> Landlord from exercising any other right or from having any other remedy or from <br /> maintaining any action to which it may otherwise be entitled ether at law or in equity. <br /> Landlord's failure to insist upon a strict performance of any covenant of this Lease or to <br /> exercise any option or right herein contained shall not be a waiver or relinquishment for <br /> the future of such covenant, right or option; but the same shall remain in full force and <br /> effect. <br /> 28. Captions. The captions and headings herein are for convenience and <br /> reference only. <br /> 29. Brokers. Each of the parties represents and warrants to the other that there <br /> are no claims for brokerage commission or finder's fees in connection with the execution <br /> of this Lease, except for Premier Commercial Properties, LLC, who represents the <br /> Landlord. Each party agrees to indemnify the other against, and hold it harmless from, <br /> all liabilities arising from any such claim including, without limitation, reasonable <br /> attorney's fees in connection therewith. <br /> 30. No Partnership. This Lease does not create a joint venture or partnership <br /> relation between the parties hereto. <br /> 31. Notices. All communications, demands, notices or objections permitted or <br /> required to be given or served under this Lease shall be in writing and shall be deemed to <br /> have been duly given or served if delivered in person to the other party or its duly <br /> authorized agent or if deposited in the United States mail, postage prepaid, for mailing by <br /> certified or registered mail, return receipt requested, and addressed to the other party to <br /> this Lease at the addresses set forth below for each party, or if to a person not a party to <br /> this Lease, to the address designated by a party to this Lease in the foregoing manner. <br /> Landlord: City Administrator <br /> City of Ramsey <br /> 7550 Sunwood Drive <br /> Ramsey, Minnesota 55303 <br /> Lease Agreement <br /> Page 7 of 11 <br />