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<br />12. <br /> <br />-6- <br /> <br />De released from ana <br /> <br />re.L1.evea <br /> <br />of <br /> <br />all <br /> <br />further <br /> <br />oOiigations <br /> <br />thereafter to accrue hereunder. <br /> <br />Default. <br />-- <br /> <br />If <br /> <br />fa1.J.s <br /> <br />Lessee <br /> <br />to <br /> <br />pay <br /> <br />renta!. <br /> <br />any <br /> <br />or other payment Que <br /> <br />hereunder or upon his fai!.ure to perform <br /> <br />other <br /> <br />any <br /> <br />of <br /> <br />the <br /> <br />terms <br /> <br />of thl.s lease to be oDserved or performed DY Lessee on <br /> <br />his part to De oDservea or <br /> <br />performed, <br /> <br />l.f <br /> <br />Lessee <br /> <br />or <br /> <br />shall <br /> <br />Decome <br /> <br />bankrupt, <br /> <br />a <br /> <br />insolvent, <br /> <br />or <br /> <br />fl.!.e <br /> <br />or <br /> <br />any <br /> <br />aeDt <br /> <br />or <br /> <br />proceedings, Qr take or have <br /> <br />taken <br /> <br />against <br /> <br />Lessee <br /> <br />in <br /> <br />any <br /> <br />court <br /> <br />pursuant to any statute el.ther of the United States or <br /> <br />of the State of Texas a petition l.n Dankruptcyor <br /> <br />insolvency <br /> <br />or for reorganizatl.on or for the appo1ntment of a rece1ver or <br /> <br />trustee <br /> <br />for <br /> <br />a <br /> <br />portion of Lessee's property, or 1f <br /> <br />all <br /> <br />or <br /> <br />Lessee makes an assignment for the Den~fit of <br /> <br />creditors, <br /> <br />or <br /> <br />petl.t1.ons <br /> <br />for or enters into an arrangement, or suffers thl.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 sha!.!. dissolve or pass by +aw or otherwise <br /> <br />to one other than Lessee except as hereln .prOY1áea, then, <br /> <br />l.n <br /> <br />any one or more such events, upon Lessor serving written <br />thirty (30) Clays notice of cancellation upon Lessee <br />spec1fying the nature of said default, and if, at the <br /> <br />eXpl.rat10n of saia thirty (30) days, Lessee shall have failed <br /> <br />to comply w1th or remedY such defau!.t, then <br /> <br />th1.S <br /> <br />lease <br /> <br />and <br /> <br />the <br /> <br />thereunder, <br /> <br />term <br /> <br />sha!.l, <br /> <br />the <br /> <br />option <br /> <br />of <br /> <br />at <br /> <br />Lessor, <br /> <br />terminate ana come to an end on the aate <br /> <br />specified <br /> <br />l.n <br /> <br />sucn <br /> <br />notice <br /> <br />of <br /> <br />cancellation, ana Lessee sha!l quit ana surrender <br /> <br />the demisea prem1ses to Lessor as 1f the term hereunder ended <br /> <br />by the expl.ration of the time fixed herein, ana Lessee <br /> <br />shall <br /> <br />remain l1aDle for any unpaia rent ana al!. other charges up to <br /> <br />the <br /> <br />of <br /> <br />If Lessor shall De in default in <br /> <br />term1natiori. <br /> <br />aate <br /> <br />performl.ng any of the <br /> <br />terms <br /> <br />provisions <br /> <br />of <br /> <br />this <br /> <br />or <br /> <br />lease <br /> <br />required <br /> <br />its ~art to be performed, ana Lessee shaJ.l glove <br /> <br />on <br /> <br />Le.sor notice 1n writing of such aefault, ana if <br /> <br />the <br /> <br />Lessor <br /> <br />shall fai!. to cure such default w1thin thirty (30) days after <br />service of such not1ce, then ana in such event, th1s lease <br />shall be terminatea ana cancellea. <br />