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<br />12. <br /> <br />-6- <br /> <br />be released from and <br /> <br />rel1.evea <br /> <br />of <br /> <br />further <br /> <br />all <br /> <br />obligations <br /> <br />thereafter to accrue hereunder. <br /> <br />Default. <br /> <br />-- <br /> <br />If <br /> <br />fa1.l s <br /> <br />Lessee <br /> <br />to <br /> <br />rental <br /> <br />or other payment Que <br /> <br />pay <br /> <br />any <br /> <br />hereunder or upon his failure to perform <br /> <br />other <br /> <br />of <br /> <br />any <br /> <br />the <br /> <br />terms <br /> <br />of th1.s lease to be Observed or performed by Lessee on <br /> <br />his part to be observed or <br /> <br />performed, <br /> <br />1.f <br /> <br />Lessee <br /> <br />shaLl <br /> <br />or <br /> <br />become <br /> <br />bankrupt, <br /> <br />or <br /> <br />insolvent, <br /> <br />f1.1e <br /> <br />a <br /> <br />or <br /> <br />or <br /> <br />debt <br /> <br />any <br /> <br />proceedings, Qr take or have <br /> <br />taken <br /> <br />against <br /> <br />in <br /> <br />Lessee <br /> <br />any <br /> <br />court <br /> <br />pursuant to any statute e1.ther of the United States or <br /> <br />of the State of Texas a petition ~n bankruptcy or <br /> <br />insolvency <br /> <br />or for reorganizat~on or for the appointment of a receiver or <br /> <br />trustee <br /> <br />for <br /> <br />a <br /> <br />portion of Lessee's property, or if <br /> <br />a.1l. <br /> <br />or <br /> <br />Lessee makes an assignment for the benefit of <br /> <br />creditors, <br /> <br />or <br /> <br />pet1.t1.ons <br /> <br />for or enters into an arrangement, or suffers th1.S <br /> <br />lease to be taken under any writ of execution or <br /> <br />attachment, <br /> <br />or <br /> <br />if <br /> <br />th1.s lease shall dissolve or pass by law or otherwise <br /> <br />to one other than Lessee except as herein prov1.dea, then, <br /> <br />in <br /> <br />any one or more such events, upon Lessor serving written <br />thirty (30) days notice of cancellation upon Lessee <br />spec1.fying the nature of said default, ana if, at the <br /> <br />expl.ratl.on of said thirty (30) days, Lessee shall have failed <br /> <br />to comply wl.th or remedY such default, then <br /> <br />th1.s <br /> <br />lease <br /> <br />and <br /> <br />the <br /> <br />thereunder, <br /> <br />term <br /> <br />shall, <br /> <br />option <br /> <br />of <br /> <br />the <br /> <br />at <br /> <br />Lessor, <br /> <br />terminate ana come to an end on the date <br /> <br />specified <br /> <br />l.n <br /> <br />such <br /> <br />notice <br /> <br />of <br /> <br />cancel.1ation, ana Lessee sha.1l quit ana surrender <br /> <br />the demised preml.ses to Lessor as if the term hereunder ended <br /> <br />by the expl.ration of the time fixed herein, ana Lessee <br /> <br />shall <br /> <br />remain iiab.1e for any unpaid rent ana all other charges up to <br /> <br />the <br /> <br />of <br /> <br />If Lessor shall De in default in <br /> <br />term1.nation. <br /> <br />date <br /> <br />performl.ng any of the <br /> <br />provisions <br /> <br />of <br /> <br />this <br /> <br />terms <br /> <br />lease <br /> <br />or <br /> <br />required <br /> <br />its part to be performed, ana Lessee shall g1.ve <br /> <br />on <br /> <br />Lessor notice l.n writing of such default, ana if <br /> <br />the <br /> <br />Lessor <br /> <br />shall fail to cure such aefau.1t wl.thin thirty (30) days after <br /> <br />service <br /> <br />of <br /> <br />notl.ce, then and in such event, thl.s lease <br /> <br />such <br /> <br />shall be terminated ana cancelled. <br />