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<br />r4'" "Ii '0' <br />VOL ;:., V PkGE Lie} <br /> <br />5.04. The Lessee shall not make any further alterations, additions, or improvements to the <br />Leased Premises without the advance written consent of Lessor. All improvements, alterations, <br />additions and fixtures which may be made or installed upon the Leased Premises shall become <br />the property of the Lessor and shall remain upon and be surrendered with the Leased Premises <br />at the termination of this Lease, unless the Lessor requests their removal, in which event the <br />Lessee shall remove them and restore the Leased Premises at the Lessee's expense. <br /> <br />5.05. The Lessee may mortgage its leasehold interest in the Leased Premises for the purpose <br />of obtaining funding for the construction of the Hangar or other improvements on the Leased <br />Premises. The Lessee shall obtain the advance written consent of the Lessor for each such <br />mortgage. The Lessee shall ensure that no other lien or similar obligation is imposed upon the <br />Leased Premises for any alteration, repair, labor perfonned or materials furnished to the Leased <br />Premises, and the Lessee shall immediately discharge any lien or charge after the lien occurs or <br />charges become due and payable. In the event the Lessee disputes the lien or obligation, <br />however, the Lessee shall have the right to promptly pursue settlement or litigation without paying <br />the claim until the claim becomes final and subject to no further appeal by the Lessee. The <br />Lessee shall hold harmless, indemnify and defend the Lessor, its officers, agents and employees <br />from and against any claims, demands or suits related to such mortgages, liens or obligations. <br /> <br />5.06. The Lessee shall not do any of the following without the Lessor's advance written consent: <br />1) make any changes to the Hangar; 2) install any exterior lighting, shades or awnings, or any <br />exterior decorations or paintings on the Hangar; or 3) erect, install or change any signs, window <br />or door lettering, placards, decorations, or advertising media of any type which can be viewed from <br />the exterior of the Hangar. <br /> <br />Article 6. UtilitieslTaxes <br /> <br />6.01. The Lessee shall promptly pay all charges forelecbicity, water, telephone service, and other <br />utilities furnished to the Leased Premises. <br /> <br />6.02. The Lessor shall not be liable for any interruption or impairment whatsoever in utllity <br />services to the Leased Premises. <br /> <br />6.03. The Lessee shall pay all taxes and assessments against any buildings or other structures <br />it places on the premises as well as all taxes and assessments against personal property on the <br />Leased Premises. <br /> <br />Article 7. Insurance and Indemnity <br /> <br />7.01. Liability Insurance: The Lessee shall procure and maintain insurance in full force at its <br />expense as set forth in the Minimum Standards, covering claims which arise out of or in <br />connection with the Lessee's use or maintenance of the Leased Premises. This insurance shall <br />be written so that the Lessor must be notified in writing at least 30 days in advance of cancellation, <br />restrictive amendment or non-renewal. The Lessee shall file certificates of insurance with the <br />Lessor upon execution of this Lease and annually during the lease term. All insurance required <br />under this paragraph shall be primary over any other insurance coverage the Lessor may have, <br /> <br />COSM Form 1/99 <br /> <br />4 <br />