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<br />other consideration therefore or incident thereto) exceeds the rental payable under this Lease, or if with respect to a <br />permitted assignment, permitted license or other transfer by Tenant by the assignee, licensee or other transferee <br />exceeds the rental payable, under this Lease, then Tenant shall be bound and obligated to pay Landlord seventy <br />percent (70%) of such excess rental and other excess consideration within ten (10) days following receiptthereofby <br />Tenant from such Subtenant, assignee, licensee or other transferee, as the case may be. Finally, in the event of any <br />assignment or subletting, it is understood and agreed that all rentals paid to Tenant by an assignee or Subtenant shall <br />be received by Tenant in trust for Landlord, to be forwarded immediately to Landlord without offset or reduction of <br />any kind; and upon election by Landlord such rentals shall be paid directly to Landlord as specified in Section 4.1 of <br />this Lease (to be applied as a credit and offset to Tenant's rental obligations). <br /> <br />Section 16.3. Encumbrance. Tenant shall not mortgage, pledge or otherwise encumber its interest in this Lease <br />or in the Demised Premises. <br /> <br />Section 16.4. Assignment By Landlord. In the event of the transfer and assignment by Landlord of its interest <br />in this Lease and in the building containing the Demised Premises to a person expressly assuming Landlord's <br />obligations under this Lease, Landlord shall thereby be released from any further obligations hereunder, and Tenant <br />agrees to look solely to such successor in interest of the Landlord for performance of such obligations. Any security <br />given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by <br />Landlord to such successor in interest, and Landlord shall thereby be discharged of any further obligation relating <br />thereto. <br /> <br />ARTICLE XVII. <br /> <br />Section 17.1. Real Estate Taxes. Tenant shall pay to Landlord upon demand, (but not more often than monthly), <br />and in addition to the rentals and other charges prescribed in this Lease, Tenant's Share (as hereinafter defined) of all <br />general real estate taxes, general and special assessments, parking surcharges and other governmental charges <br />(hereinafter collectively referred to as the general taxes") levied and assessed against the Shopping Center. If the <br />Demised Premises shall be separately assessed, then notwithstanding the provisions hereinafter set forth in Section <br />17.5, Tenant's Share of the general taxes shall be the amount of such separate assessment. The payment to be made <br />by Tenant for the real estate tax year in which this Lease terminates shall bear the same ratio to the payment which <br />would be required to be made for the full real estate tax year as the number of days of such tax year which elapsed <br />prior to termination of this Lease bears to the number of days in the full real estate tax year. Since the City is a <br />governmental entity generally exempt from ad valorem taxation, Landlord will pass through (through a decrease in <br />the annual CAM) to the City any decrease in ad valorem assessments that Landlord gains through this lease with the <br />City. <br /> <br />Section 17.2. Landlord's Insurance. Tenant shall pay to Landlord, upon demand, (but not more than monthly), <br />and in addition to the rentals and other charges prescribed in this Lease, Tenant's Share (as hereinafter defined) of <br />the premiums for all fire and extended coverage insurance, boiler insurance, public liability and property damage <br />insurance, rent insurance and other insurance which, from time to time, Landlord may elect to carry with respect to <br />the Shopping Center (hereinafter collectively referred to as the "Insurance Premiums"). For purposes hereof, <br />premiums paid for insurance policies having policy years which do not coincide with calendar years shall be <br />prorated on a per diem basis for each calendar year affected, and total premiums for policies issued for more than <br />one year will be prorated equally over the number of years for the term of such policies, regardless of differences in <br />premium amounts actually paid during any particular year or years of such term. The payment to be made by Tenant <br />for the respective years in which this Lease commences and terminates shall bear the same ratio to the payment <br /> <br />INlTIALS~ <br />