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complied with the terms of the lease, Lessor shall hold and retain possession of the property, <br /> improvements, and equipment of Lessee as security unto Lessor for the payment of rents and royalties <br /> due Lessor, or to protect Lessor against liens, or to indemnify Lessor against any loss or damage <br /> sustained by Lessor by reason of the default of Lessee, for which purpose Lessor is hereby given a lien <br /> upon all such property, improvements, and equipment, which lien shall attach as the same are placed <br /> upon the premises. In the event Lessor shall foreclose the lien in this article given to Lessor by Lessee, <br /> Lessor may itself be a purchaser at any sale thereof under such foreclosure. Upon the termination of <br /> this lease for any cause, if Lessee shall remain in possession of said premises, Lessee shall be guilty of <br /> an unlawful detainer under the statutes in such case made and provided, and shall be subject to all the <br /> conditions and provisions thereof and to eviction and removal, forcibly or otherwise, with or without <br /> process of law, as above provided. <br /> 34. TAXES -- Lessee shall be liable for all taxes lawfully assessed on property of Lessee located on the <br /> Leased Premises. <br /> 35. INSURANCE --The Lessee shall maintain a liability insurance policy with the Board as co-insured in <br /> the amount of not less than one million dollars ($1,000,000.00). This amount may be adjusted by the <br /> Board to comply with the Colorado Governmental Immunity Act, C.R.S. 24-10-114. <br /> 36. MISCELLANEOUS PROVISIONS- <br /> A. Waiver. The waiver of any breach of any provision of this Lease by any party hereto shall not <br /> constitute a continuing waver of any subsequent breach of said party, for any breach of the same or <br /> any other provision of the lease. <br /> B. Heading for Convenience Only. Paragraph headings and titles contained herein are intended for <br /> convenience and reference only and are not intended to define, limit or describe the scope or intent of <br /> any provisions of this Lease. <br /> C. Non-Severability. If any term or provision of this Lease proves to be invalid, unenforceable, void, or <br /> illegal, the remainder of this Lease will not be affected thereby, and will be valid and be enforced as <br /> written. <br /> D. Effect of Invalidity. If any provision or portion of this Lease or the application thereof to any person <br /> or circumstance shall, at any time or to any extent, be invalid or unenforceable for any reason by a <br /> Court of competent jurisdiction, and the basis of the bargain between the parties hereto is not <br /> destroyed or rendered ineffective thereby, the remainder of this Lease, or the application of such <br /> provisions to persons or circumstances other than those as to which it is held invalid or unenforceable, <br /> shalt not be affected thereby. <br /> E. Binding Effect.This Lease and the rights and obligations created hereby shall be binding upon and <br /> shalt inure to the benefit of the parties hereto and their respective successors and assigns, including <br /> but not limited to Lessee's employees and officers, agents, affiliates, contractors, subcontractors <br /> and/or purchasers. <br /> GL 110167 Revised 9/2015 <br /> Page 10 of 13 <br />