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<br />• written notice to the Lessor of Lessee's intention to terminate this Lease on the date provided in <br />the notice and by giving the basis on which the right to terminate has arisen; and <br />(2) Partial Release. The Lessor has secured from Mortgage Electronic Registration <br />Systems, Inc. ("Nominee") a Partial Release of the Lien of the Deed of Trust encumbering the <br />surface estate demised premises from Douglas E. Starks to the Public Trustee of Larimer County <br />for the benefit of Merrill Lynch Credit Corporation ("Lender") to secure an indebtedness in the <br />principal sum of_and any other amounts and/or obligations secured thereby, dated <br />November 20, 1998, and recorded November 25, 1998, at Reception No. 98103520 in the <br />records of the Clerk and Recorder, Larimer County, Colorado. <br />'w 'ate <br />NON-DISTURBANCE <br />In the event the demised premises during the term of the lease become subject to a lien or <br />liens of any lender or lenders, the Lessor agrees to furnish the Lessee with an agreement or <br />agreements from the lienholders stating that the lienholder has agreed in writing to the proposed <br />use of the severed surface estate by Lessee and that in the event of foreclosure, the Lessee shall <br />not be joined as a party, defendant so long as it is not in default under the terms of the Lease, <br />executed by the Lender or Lenders subordinating such loan or loans to this Lease, in a form <br />satisfactory to the Lessee and to the Lender or Lenders. <br />MARKETABLE TITLE <br />• The Lessor covenants that he has good and marketable title to the demised premises in fee <br />simple and absolute and that the same is subject to no leases, tenancies, agreements, <br />encumbrances, liens or defects in title other than those specifically set forth in that certain <br />Leasehold Title Insurance Commitment attached hereto and made a part hereof as Schedule A, <br />and Lessee agrees to furnish to Lessor, on or before the approval date, withou[ cost to Lessor, a <br />Leasehold Title Insurance Policy written by a Title Insurance Company licensed to do business in <br />the State of Colorado on or before the approval date set forth herein. <br />The Lessor further covenants that there are no restrictive covenants, zoning, or other <br />ordinances or regulations, which will prevent the Lessee from conducting its quarry business on <br />the demised premises other than those specifically set forth in the aforementioned Schedule A. <br />The Lessee agrees to furnish to Lessor, without cost to Lessor, on or before said approval <br />date, a current survey of the demised premises satisfactory to the Lessor. <br />The parties hereto further agree as follows: <br />1. Surface Rights of Lessee. Lessee shall have the right of ingress and egress along the <br />existing road/drive on South side of the Leased Parcel for passenger vehicles and fork lifts for use <br />in connection with its stone quarry operation. Lessee shall have the right and privilege of erecting <br />on the leased premises any necessary buildings, and placing on the leased premises any equipment <br />