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<br /> -6- <br /> be released from ana relieved of all further obligations <br /> thereafter to accrue hereunder. <br /> 12. Default. <br /> -- <br /> If Lessee fails to pay any rental or other payment due <br /> hereunder or upon his fallure to perform any other of the <br /> terms of this lease to be Observed or performed by Lessee on <br /> his part to be observed or performed, or if Lessee shaLl <br /> become a bankrupt, or insolvent, or file any debt or <br /> proceedings, or take or have taken against Lessee in any <br /> court pursuant to any statute either of the United States or <br /> of the State of Texas a petition in bankruptcy or insolvency <br /> or for reorganization or for the appointment of a receiver or <br /> trustee for all or a portion of Lessee1s property, or if <br /> Lessee makes an assignment for the benefit of creditors, or <br /> pet~tions for or enters into an arrangement, or suffers thls <br /> lease to be taken under any writ of execution or attachment, <br /> or if th~s lease shall dissolve or pass by law or otherwise <br /> to one other than Lessee except as herein provided, then, in <br /> any one or more such events, upon Lessor serving written <br /> thirty (30) days notice of cancellation upon Lessee <br /> specifying the nature of said default, and if, at the <br /> expirat~on of said thirty (30) days, Lessee shall have failed <br /> to comply with or remeay such default, then this lease and <br /> the term thereunder, shall, at the option of Lessor, <br /> terminate and come to an end on the date specified ~n such <br /> notice of cancelLation, and Lessee shall quit and surrender <br /> the demised premises to Lessor as if the term hereunder ended <br /> by the expiration of the time flxed herein, ana Lessee shall <br /> remain .liable for any unpaid rent and all other charges up to <br /> the date of termlnation. If Lessor shall be in default in <br /> performing any of the terms or provisions of this lease <br /> required on its part to be performed, and Lessee shall g~ve <br /> Lessor notice ln writing of such default, ana if the Lessor <br /> shall fail to cure such defauLt w~thin thirty (30) days after <br /> service of such notice, then and in such event, th~s lease <br /> shall be terminated and cancelled. <br />