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B. Nothing herein contained shall ever be construed
as rendering the Lessor personally liable for the payment
of any such insurance premiums, but if, at any time during
the continuance of'this lease. the Lessee shall fail, refuse ~
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or negl.ect to- procure any of- the policies of insurance '
required in and by this instrument to be procured by the - '
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Lessee or to keep and maintain the same in full force and ~
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effect or pay the premium therefor promptly when due, the ~
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' Lessor may, at its option, procure or renew such insurance
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and thereupon the amount or amounts of money paid as the '
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premium or premiums thereon, p~~s interest at the rate of
ten percent (10°6) per annum shall be collectable as though
it were rent then matured hereunder and shall be due and
payable forthwith or in lieu thereof and notwithstanding
the procurement and renewal of such policies by the ~
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Lessor, this identure and the terms created hereby may, at `
the option of the Lessor, be terminated a::~ ~e~~°r~~
end and all of the right, estate and interest of the Lessee
in such event hereunder shall immediately cease and become
null and void. -
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I X. '
ASSIGNMENT
Provided that this lease is not in default and is in
good standing:
A. This lease is freely assignable.
B. No assignment or transfer shall be valid unless
and until the assignee shall expresslv asq,m Ar
perform each and every the covenants af this lease which,
by the terms hereof, the Lessee agrees to keep and perform,
a~.: ::hich assumption shall be evidenced by written instru-
ment executed in such fashion as to entitle it to recording,
nor shall 3uch assignment be deemed valid unless the assign-
ment and assumption agreement are promptly filed for record
in the County wherein the leased premises are located, and
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