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SHALL SURVIVE THE TERM OF THIS AGREEMENT. THERE IS NO JOINT ENTERPRISE <br />BETWEEN LESSOR AND LESSEE. <br />30. During the period of construction of any building or other improvement on the leased premises <br />and at all times thereafter during the lease term, LESSEE shall keep the improvements insured <br />against loss or damage by fire, with extended coverage endorsement or its equivalent, in such <br />responsible insurance companies as LESSEE shall select and LESSOR shall approve, and in <br />amounts not less than 80'/o of the fair insurable value of the buildings and other improvements. <br />31. In the event any building or improvement constructed on the leased premises is damaged by fire <br />or any other casualty, regardless of the extent of such damage or destruction, LESSEE shall within <br />one year from the date of such damage or destruction commence the work of repair, reconstruction or <br />replacement of damage or destroyed building or improvement and prosecute the same with <br />--Teuonable dingencc so that the boding; t-themtent ori tally constructed by LESSEE, shat] -be <br />restored to substantially the condition it was in prior to the happening of the casualty, provided, <br />however, that if the commencement, construction or completion of said repair, reconstruction or <br />replacement work shall be prevented or delayed by reason or war, civil commotion, acts of God, <br />strikes governmental restrictions or regulations, or interferences, fire or other casualty, or any other <br />reason enumerated or not, the time for commencing or completing, or both, of the construction of <br />said building, as the case maybe, shall automaticallybe extended for the period of each such delay. <br />32. LESSEE shall maintain, during the life of AGREEMENT, general liability coverage with <br />minimum limits for damages resulting from bodily injury or death of $250,000 per person and <br />$500,000 per occurrence, and $100,000 per occurrence for property damage, or a combined single <br />limit of $500,000, or in such other amounts mutually agreed upon to fully and reasonably protect <br />both LESSEE ad LESSOR. LESSOR shall be named as an additional insured with a waiver of <br />subrogation in favor of LESSOR. All costs of such insurance shall be bome by LESSEE. Such <br />insurance policy orpolicies must be issued by a reputable provider licensed to write such policies in <br />the State of Texas. <br />DEFAULT & TERMINATION: <br />33. Should LESSEE default in the pesfomance of any covenant or condition in AGREEMENT, and <br />such default is not corrected within thirty (30) days after receipt of written notice from LESSOR to <br />LESSEE, LESSOR may declare AGREEMENT, and all rights and interest created by it, to be <br />terminated. Upon LESSOR electing to terminate, AGREEMENT shall cease and come to an end as <br />if that were the day originally fixed herein for the expiration of the term hereof. LESSOR, its agent <br />or attorney, may resume possession of the premises and release LESSEE of all liability or relet the <br />same for the remainder of the term at the best rent LESSOR, its agent or attorney may obtain for the <br />