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<br /> VOL 1 or- ("'t~' <br /> Ji) PACE 0 15 <br /> Article 5. Construction of Hangar; Alterations and Fixtures <br /> 5.01. The Lessees shall complete the construction of an aircraft storage hangar (the <br /> "Hangar") in accordance with sealed plans prepared by an architect or structural engineer <br /> licensed or registered in the State of Texas. The plans will depict the total construction <br /> project for the Hangar, and will be accompanied by the architect or engineer's estimated <br /> cost of the construction and the time schedule for completion of the construction. The <br /> plans and the time schedule shall be subject to approval by the City. <br /> 5.02 The Lessees shall not make any further alterations, additions, or improvements to <br /> the Leased Premises without the advance written consent of Lessor. All improvements, <br /> alterations, additions and fixtures which may be made or installed upon the Leased <br /> Premises shall become the property of the Lessor and shall remain upon and be <br /> surrendered with the Leased Premises at the termination of this Lease, unless the Lessor <br /> requests their removal, in which event the Lessees shall remove them and restore the <br /> Leased Premises at the Lessees' expense. <br /> 5.03. The Lessees may mortgage its leasehold interest in the Leased Premises for the <br /> purpose of obtaining funding for the construction of the Hangar or other improvements on <br /> the Leased Premises. The Lessees shall obtain the advance written consent of the Lessor <br /> for each such mortgage. The Lessor grants permission to the Lessees for the mortgaging <br /> of the Lessees' leasehold interest in the Leased Premises for the sole purpose of obtaining <br /> funding forthe initial construction of the Hangar on the Leased Premises. This clause is <br /> self operative and no further instrument of subordination need be required by any <br /> mortgagee of the Lessees. The mortgaging by the Lessees of their leasehold interest for <br /> any other purpose, however, shall require the advance written approval of the Lessor. The <br /> Lessees shall ensure that no other lien or similar obligation is imposed upon the Leased <br /> Premises for any alteration, repair, labor performed or materials furnished to the Leased <br /> Premises, and the Lessees shall immediately discharge any lien or charge after the lien <br /> occurs or charges become due and payable. In the event the Lessees disputes the lien <br /> or obligation, however, the Lessees shall have the right to promptly pursue settlement or <br /> litigation without paying the claim until the claim becomes final and subject to no further <br /> appeal by the Lessees. The Lessees shall hold harmless, indemnify and defend the <br /> Lessor, its officers, agents and employees from and against any claims, demands or suits <br /> related to such mortgages, liens or obligations. <br /> 5.04. The Lessees shall not do any of the following without the Lessor's advance written <br /> consent: 1) make any changes to the Hangar; 2) install any exterior lighting, shades or <br /> awnings, or any exterior decorations or paintings on the Hangar; or 3) erect, instaH or <br /> change any signs, window or door lettering, placards, decorations, or advertising media <br /> of any type which can be viewed from the exterior of the Hangar. <br /> 4 <br /> -------------- <br />