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<br />premises for functions sponsored by the City of Paris or any department thereof, provided <br /> <br />such function has been approved by the City Council of the City of Paris, all of which <br /> <br />functions shall be conducted on a non-interfering basis with the annual Fair conducted by <br /> <br />the Red River Valley Fair Association, Inc" or any other scheduled activity of the Lessee or <br /> <br />prior sub-lease rental agreements approved by the City Manager of the City of Paris between <br /> <br />the Lessee and any Sub-Lessee, <br /> <br />In the event of any of the above contingencies, Lessor shall give Lessee thirty (30) days <br /> <br />notice in writing of its intention to so utilize any pOliion of the tract for the above purposes, <br /> <br />(17) That Lessor shall have the right and privilege at its option to terminate this <br /> <br />lease as to any part of the realty not improved with buildings, including reasonable access <br /> <br />and reasonable parking to include additional land if necessary for such buildings, for only <br /> <br />necessary municipal functions, <br /> <br />Lessor acknowledges that the Lessee is currently in the process of obtaining a loan from <br /> <br />the First Nationa] Bank of Paris, Paris, Texas, in the approximate sum of Two Hundred <br /> <br />Thousand and no/IOO Dollars ($200,000,00) for the construction of improvements on the <br /> <br />leased premises. Lessor agrees that in the event Lessee obtains this lease, Lessor shall <br /> <br />subordinate its landlord's lien so that Lessee may obtain said loan. <br /> <br />EXECUTED this the 10th day of March, 1997. <br /> <br />CITY OF PARIS <br /> <br />By: <br />Eric S, Clifford, Mayor <br /> <br />-6- <br />