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<br />premiscs for functions sponsored by thc City of Paris or any department thereof, providcd <br /> <br /> <br />such function has been approvcd by the City Council of thc City of Paris, all of which <br /> <br />~ <br /> <br />functions shall be conductcd on a non-interrering basis with the annual Fair conducted by <br /> <br /> <br />the Red River Valley Fair Association, Inc., or any other schedul~d activity of the Lcssee or <br /> <br />plioI' sub-Ieasc rcntal agrecmcnts approvcd by thc City Manager of thc City of Paris betwcen <br /> <br />~:'. :.: <br /> <br />the Lessee and any Sub-Lessee. <br /> <br />In the cvent of any ofthe above eontingeneics, Lcssor shall give Lessee thirty (30) days <br /> <br />notice in writing of its intention to so utilize any portion of the tract for thc above purposes. <br /> <br />(17) That Lessor shall have the right and privilCge at its option to tcrminate this <br /> <br />.,1 <br />, <br />, <br /> <br />lease as to any part of the rea'lty not improved with buildings, including reasonable access <br /> <br />and reasonable parking to include additional land ir necessary for such buildings, for only <br /> <br />necessary municipal funetions. <br /> <br />Lcssor aeknowledges that thc Lessee is cUl1'ently in the proccss of obtaining a loan from <br /> <br />the First National Bank of Paris, Paris, Texas, in the approximatc sum of Two Hundrcd <br /> <br />Thousand and no/1 00 Dollars ($200,000.00) for the construetion of improvemcnts on the <br /> <br />leased premises. Lcssor agrces that in thc cvent Lcssce obtains this leasc, Lcssor shall <br /> <br />subordinate its landlord's lien so that Lessce may obtain said loan. <br /> <br />EXECUTED this the 10th day of March, 1997. <br /> <br />CITYOFP/Z <br /> <br />By "7 ~ -, <br /> <br />Erie S. Clif I'd, ayOl -. <br /> <br />-6- <br /> <br />I <br />~I I <br />:1 '\11 <br />