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in excess of five percent (5 %) of its gross receipts during any one year hereof for such <br />purposes, such excess may be credited on the total amount to be expended by Lessee <br />hereunder. The term "gross receipts" shall mean the total receipts of Lessee from all sources <br />by reason of the use of the rented premise. <br />IN CONSIDERATION HEREOF, it is mutually agreed by and between Lessor and <br />Lessee: <br />(1) That Lessee shall during the term of this lease, at its sole cost and expense, <br />make all necessary repairs to existing buildings and structures on the leased premises, as <br />speedily as it can finance same, so that.same will be safe and suitable for the purposes for <br />which they may be used by Lessee and will keep and maintain same in good, safe and <br />sanitary condition. <br />(2) That no substantial repairs or improvements or changes in location will be <br />made to any buildings, structures or other things located thereon nor will any new structures <br />be placed on any part of the leased premises without the prior approval of Lessor. <br />(3) That Lessee shall pay to Lessor the annual cost of insurance, to keep all <br />buildings and other insurable improvements on the leased premises insured against loss by <br />fire, lightening, and all risks included in the term "extended coverage" to the full extent of <br />their insurable value as determined by Lessor. <br />(4) That Lessee shall pay for all lights, electricity, water and sewer, gas, and all <br />other utilities used on the leased premises. <br />-2- <br />