1993-012-RES WHEREAS, the City of Paris did heretofore by Resolution No. 88-009, authorize Cox Field Fixed Base

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lease, or shall deposit with the lessor copies of said policies. Said policies or certificates shall contain a provision that written notice of cancellation or of any material change in said policy by the insurer sha 11 be delivered to lessor thirty (30) days in advance of the effective date thereof. F. Landlord's Lien, Lessee hereby gives, grants and pledges unto lessor a contractual landlord's lien upon all proper ty, tang i ble or i ntang i ble, and proper ty rights belonging to lessee now or at any time hereafter placed in or upon the demised premises to secure the prompt payment of all rentals and fees and the performance of any 6r all covenants and obligations to be kept and performed by lessee hereunder. ARTICLE VII Cancellation Assignment and Transfer A. Cancellation by Lessor. This lease shall be subject to cancellation by lessor in the event lessee shall: (1) Be in arrears in the payment of the whole or any part of the amounts agreed upon hereunder for a period of fifteen (15) days after the time such payments become due, (2) Make a voluntary or involuntary assignment for the benefit of creditors, (3) File a voluntary petition in bankruptcy. (4) Abandon the demised premises. (5) Default in the performance of any of the material covenants, and conditions required herein. In any of the aforesaid events, lessor shall give lessee written notice of such breach or default, an lessee shall immediately correct same. If within thirty (30) days from the date of such notice, the breach or default com- plained of shall not have been corrected, then and in such event, lessor shall have the right {:o declare this lease immediately terminated as to the balance of the term herein, and may forcibly, if necessary, reenter and take immediate possession of the demised premises and remove or seize lessee's effects under the preference lien granted to secure performance of lessee's obligations hereunder without being deemed guilty of any nature of trespass; provided, however that in the event that subsections (2) and/or (3) occur, lessor shall not be required to give written notice to lessee, but lessee shall have thirty (30) days from the occurrence of said event to correct same, This lease, or a copy hereof, shall be sufficient warrant for any person. All rental due hereunder shall be payable to said date of termination.