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, n,�1f o MAR 6 1986goor Fr 0� 4. In the event of the failure on the part of the Lessee to comply with any of the terms or conditions of this Lease on its part made and provided to be performed, the Lessor may, upon written notice to the Lessee, declare this Lease in default and, after ninety (90) days of uncorrected default, Lessor may terminate this Lease. 5. Any and all improvements made by the Lessee shall become the property of the Lessor at the time of the expiration of this Lease and further Lessee shall make no claim on any of said improvements. 6.._ Lessor shall reserve to itself the right to let, lease or allow use of any other portion of the Douglas School site not leased to Lessee for any public purpose, provided such does not unduly interfere with the operation of Lessee's operation of offices and a child development center. 7. Lessee, at Lessee's expense, shall provide and carry, in addition to fire insurance, liability insurance coverage in an amount of not less than TWO HUNDRED THOUSAND DOLLARS ($200,000.00) per individual injury, and FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) per occurrence. The Lessor shall be named a co-insured and copies of said policy mailed to Lessor annually. 8. Lessee agrees to indemnify and hold Lessor harmless for every and all claims that may arise from Lessee's use of the demised premises, including court costs and attorney's fees. 9. Lessor agrees, at its own expense, to remove or have removed an old wooden frame structure on the east side of the property within 180 days of the date of this Lease. IN WITNESS WHEREOF, this Lease has been executed in the name of and on behalf of the Lessor by its Chairman attested by its Clerk, who have been duly authorized by the Board of County Commissioners of Indian River County so to do, and on the part of the Lessee by its President and Secretary who have been duly authorized by its Board of Directors so to do, on the day and year first above written. -3- M