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premises for functions sponsored by the City of Paris or any department thereof, provided <br />such function has been approved by the City Council of the City of Paris, all of which <br />functions shall be conducted on a non - interfering basis with the annual. Fair conducted by <br />the Red River Valley Fair Association, Inc., or any other scheduled activity of the Lessee or <br />prior sub -lease rental agreements approved by the City Manager of the City of Paris between <br />1� <br />the Lessee and any Sub- Lessee. <br />In the event of any of the above contingencies, Lessor shall give Lessee thirty (30) days <br />notice in writing of its intention to so utilize any portion of the tract for the above purposes. <br />(17) That Lessor shall have the right and privilege at its option to terminate this <br />lease as to any part of the realty not improved with buildings, including reasonable access <br />and reasonable parking to include additional land if necessary for such buildings, for only <br />necessary municipal functions. <br />Lessor acknowledges that the Lessee is currently in the process of obtaining a loan from <br />the First National Bank of Paris, Paris, Texas, in the approximate sum of Two Hundred <br />Thousand and no /100 Dollars ($200,000.00) for the construction of improvements on the <br />leased premises. Lessor agrees that in the event Lessee obtains this lease, Lessor shall <br />subordinate its landlord's lien so that Lessee may obtain said loan. <br />EXECUTED this the 10th day of March, 1997. <br />CITY OF PARIS <br />By: <br />Eric S. Clifford, Mayor <br />-6- <br />