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enjoyment of the same is not interfered with; provided, however, that all customary or required <br />governmental function inspections shall not require consent or notice as provided in this Article. <br />12.2. Estoppel Certificates. PROJECT and CITY shall, at any time and from time to time upon not <br />less than ten (10) days' prior written request by the other Party, execute, acknowledge and deliver to <br />CITY or PROJECT, as the case may be, a statement in writing certifying (a) its ownership of the interest <br />of CITY or PROJECT hereunder, as the case may be, (b) that this LEASE is unmodified and in full force <br />and effect (or if there have been any modifications, that the same is in full force and effect as modified and <br />stating the modifications), and (c) that, to the best knowledge of CITY or PROJECT, as the case may be, <br />no default hereunder on the part of the other Party exists (except that if any such default does exist, the <br />certifying Party shall specify such default.) <br />12.3. Release. If requested by CITY, PROJECT shall, upon termination of this LEASE, execute and deliver <br />to CITY an appropriate release, in a forin proper for recording, of all PROJECT's interest in the Theater, <br />and upon request of PROJECT, CITY will execute and deliver a written cancellation and termination of this <br />LEASE and release of all claims (if none are then outstanding) in a proper form for recording to the extent <br />such release is appropriate under the provisions hereof. <br />12.4. CITY's RighttQjRprfarm PROJECT's Covenants. If PROJECT shall fail in the performance of any <br />of its covenants, obligations or agreements contained in this LEASE, and Such failure shall continue without <br />PROJECT curing or commencing to cure Such failure within all applicable grace and/or notice and cure <br />periods, CITY after ten (10) days' additional written notice to PROJECT specifying such failure (or shorter <br />notice if imminent danger to the safety of persons or of substantial damage to property exists) may (but <br />without any obligation to do so) perform the same for the account and at the expense of PROJECT, and the <br />amount of any payment made or other reasonable expenses (including reasonable attorneys' fees incurred <br />by CITY for curing such default), with interest thereon at the rate of twelve percent (12%) per annum or the <br />highest rate then allowed by law, shall be payable by PROJECT to CITY on demand, or, if not so paid, shall <br />be treated at CITY's option as a monetary default hereunder pursuant to and subject to all of provisions <br />herein. <br />12.5. Notices. All notices, demands, payments and other communications required to be given or made <br />hereunder shall be in writing and shall be duly given if delivered by hand, messenger, telecopy or reputable <br />overnight courier or if mailed by certified or registered mail, first class postage prepaid, and shall be <br />effectively received upon the date of such delivery or two (2) days after Such mailing, to the respective <br />parties hereto at the addresses set forth below, or to such other address furnished in writing to the other party <br />hereto. <br />If to PROJECT: President <br />Paris Grand Theater Project <br />P. O. Box 1934 <br />35 South Plaza <br />Paris, TX 75461-1934 <br />14 <br />
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