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Doc Bk Vol _I:)g 33~ . .. 00006628 OPR 1647 -a37'"'" copy of such notIce of default shall, m each mstance, be deemed duly given to mortgagee when deposited at any United States Post Office, sent Certified or Registered Mail, Return Receipt Requested, and addressed to the mortgagee at its business address. III. Should Chamber's mortgagee desire to cure default for the Chamber, the City hereby agrees to accept performance by the mortgagee of any term of the lease or its amendment required to be performed by Chamber, with the same force and effect as though performed by Chamber, The mortgagee shall have ten (10) days after receipt of notice of default to cure for the Chamber any default in the payment of rent or additional rent to be paid under the lease and a reasonable time to cure any other default. IV, The City shall be given notice of any foreclosure of the lien as if the City were an obligor on the debt, If the mortgagee purchases the leasehold estate at foreclosure, then the City shall have an option for 60 days thereafter to buy the leasehold estate for an amount equal to the balance of principal and interest owed on the note given by Chamber to Mortgagee at the time of foreclosure plus all of mortgagees expenses of collection, plus interest on such total at the regular rate provided for in the note. In the Event of a foreclosure of the lien secured by the leasehold estate, and the subsequent acquisition of Chamber's interest in this lease by Chamber's mortgagee through foreclosure, Chamber's mortgagee and its assigns of the leasehold estate may assume the Chamber's lease obligations to City and the lease shall continue on the same terms as if the Chamber were still tenant, except that Chamber's mortgagee may assign the leasehold estate and it or its assignee may sublease the leasehold estate, Thereafter, the use of the premises shall not be limited to uses allowed in the applicable provisions of the Urban Renewal Plan, or approved