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I ®: ® - 7. .Y 4 . t (� F jinjury claims could be asserted, against the Lessor or Lessee or the s^Id I -'A P a parcel of land and it will maintain, at its sole expense, general liability insurance for the mutual benefit of the Lessee and the Lessor with reasona- ble limits to be determined by the Lessor, .at all times when such construc- tion is in progress. j t The period of time within which the construction of said facility must be completed by the Lessee will be enlarged by any.delays caused without {� fault or neglect on the part of the Lessee by acts of God, strikes, lockouts, i or any other conditions which are not attributable` to, or not caused by the 1 I ! Lessee's default or neglect to exercise due diligence. The Lessee shall '. commence construction not later than six months from the date of this Lease ! j and,s4all proceed with the completion thereof without any unreasonable delay.` It is acknowledged that this Lease will`.7be subject to a first mortgage } which will encumber the leasehold interest and improvements on the demised' AUG 81973 property from the Lessee to a lending institution, which mortgage is to be used for financing the construction of the units to be erected thereon, and i the Lessor agrees to execute such instruments as are necessary to effect such construction mortgage, provided, however, that any such mortgage or 1 encumbrance will, in all respects, be subject to and subordinate to the rights, of the Lessor herein and to the rights of all persons claiming by, through or under the Lessor by reason or in connection with this Lease. Nothing in this Lease will ever be construed as empowering the Lessee to encumber or cause the Lessor to encumber the title or interest of the Lessor. The Lessor's lien in this Lease will be subject and subordinate to the lien of any mortgage made by any lending institution provided that the proceeds of such mortgage are utilized in their entirety for the erection of the project which has been declared as the subject of. this property. How- ever, the foreclosure of any such mortgage will not terminate this Lease or any part thereof or extinguish or diminish the rights of the Lessor in and to the property covered by this Lease by the foreclosed mortgage. All rent or other monies due hereunder, will abate while any such Mortgagee holds title to said project but all liability for the payment of such rent and other --22-- - flOK / PAGI � .