11.02 - Pequot Lakes Historical Society Lease of Cole Bldg

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15. Fire or Other Casualty. If the Premises are completely destroyed by fire or other `— casualty, the Lessee shall have the right to terminate this Lease, provided the Lessee provides written notice thereof to the Lessor within ninety (90) days after such destruction. If a portion of the Premises is damaged by fire or other casualty and this Lease is not thereafter terminated, the Lessor shall, at its expense, restore the Premises, exclusive of any improvements or other changes made to the Premises by the Leasee, to as near the condition which existed immediately prior to such damage or destruction as reasonably possible, and rent shall abate during such period of time as the Premises are untenable in the proportion that the untenable portion of the Premises bears to the entire Premises. The Lessor shall not be responsible to the Lessee for damage to, or destruction of any of the Lessee's furniture, trade fixtures, equipment, inventory or improvements, regardless of the cause of such damage or destruction. 16. Default. If the Lessee shall default in the payment of any installment of Base or Additional Rent, or in the observance or performance of any Lessee's other covenants, agreements or obligations hereunder, Lessor may, ten (10) days after forwarding written notice of such default to Lessee, in the manner provided for herein, if such default shall not have been cured by Lessee, reenter into the Premises and remove all persons and property therefrom, and at its option, annul and cancel this Lease as to all future rights of Lessee and have, regain, repossess and enjoy the Premises, anything herein to the contrary notwithstanding, and Lessee hereby expressly waives the service of any additional notice in writing of intention to reenter as aforesaid, and also all rights to restoration or possession of the Premises after reentry or after judgment for possession thereof. In case of any such termination, Lessee will indemnify Lessor against all loss for rents and other damages which it may incur by reason of such termination during the residue of the term of this Lease, and also against all fees and disbursements of counsel incurred in enforcing any of the terms of this Lease. 17. Assignment or Subleasing. Lessee may not sublease the Premises or assign this Lease without the prior written consent of Lessor provided however in the event Lessor grants its consent; no such subletting or assignment shall relieve the Lessee of its duties and obligations hereunder. 18. Successors and Assigns. This Lease shall be binding on and shall inure to the benefit of the parties hereto and their respective assigns, executors, heirs, personal representatives, and successors. 19. Notices. Every notice, approval, consent or other communication authorized or required by this Lease, shall be effective if given in writing and sent by United States registered or certified mail, return receipt requested, with postage pre -paid, and addressed to the Lessor or Lessee at the following addresses or such other addresses as either party may, from time to time, designate in writing. Any such notice shall be deemed given as of the date of the postmark thereof. If the Lessor: City of Pequot Lakes Attn: City Clerk 4638 County Road 11 Pequot Lakes, MN 56472 5