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<br />as the result of the negligence of LESSEES, their invitees, agents, servants, or employees, and
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<br />shall pay all premiums due thereon when due. It is expressly provided that such insurance policy
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<br />or policies shall, and must, be written and issued by a reputable insurance company or companies,
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<br />with LESSOR as an additional insured, subject to approval by the City Attorney of the City of
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<br />Paris, and LESSEES, or their insurance carrier or carriers, shall deliver a copy of any such
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<br />policies to the City Clerk of the City of Paris, 150 1st Street S.E., Paris, Texas 75460, or furnish
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<br />to said City Clerk a current letter or certificate from such company or companies evidencing the
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<br />fact that such insurance is in full force and effect at all times during this Lease and any extension
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<br />hereof, and specifically noting thereon that LESSOR is an additional insured. All such policies
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<br />shall be written so that the LESSOR will be notified of cancellation or of any restrictive
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<br />amendment of the policies at least thirty (30) days prior to the effective date of such cancellation
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<br />or amendment. Notice shall be by certified mail, return receipt requested, addressed to the
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<br />LESSOR at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas
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<br />75461-9037.
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<br />14.
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<br />LESSEES will not rent the premises, or any part thereof, for aircraft storage unless
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<br />a permit under Article II, Chapter 6 of the Code of Ordinances of the City of Paris has been issued
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<br />to them for that specific purpose.
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<br />15. That LESSEES will not use, or permit the use of, said premises, or any part
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<br />thereof, for any purpose which is determined dangerous or hazardous to the airport operation by
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<br />Airport Manag~r.
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<br />16. Should LESSEES default in or fail,or refuse to keep any of the covenants,
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<br />conditions, stipulations, and/or provisions herein contained, notice thereof shall be given, in
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<br />writing, to LESSEES by LESSOR's Airport Manager, giving LESSEES thirty (30) days to correct
<br />
<br />such discrepancy, and, in the event such default, failure, or refusal is not corrected within said
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<br />thirty (30) day period, a second notice, in writing, by certified mail, affording a hearing before
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<br />the Airport Advisory Board on a day certain shall be given to LESSEES by LESSOR's Airport
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<br />Manager. After affording LESSEES such hearing, the Airport Advisory Board shall recommend
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<br />to the City Council that the Lease continue or be terminated, and thereafter the City Council shall
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<br />take such action as it deems necessary.
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<br />Lease Agreement - page 5
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