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d. Lessee shall give to City promptly after the funding of the loan and <br />recording of the Leasehold Mortgage true and correct copies of the <br />Leasehold Mortgage. <br />3. If City shall give notice of default to Lessee pursuant to the provisions of this <br />lease, and if such default shall not be remedied within the applicable periods <br />provided for in this lease, and City shall thereby, or otherwise, be entitled to <br />give notice of election to terminate this lease, then, before giving any such <br />notice of election to terminate this lease, City shall give to Leasehold <br />Mortgagee not less than thirty (30) days additional written notice of the <br />default and shall allow Leasehold Mortgagee such additional thirty (30) days <br />within which to cure the default. <br />4. In case of default by Lessee in the performance of or observance of any term, <br />covenant, condition or agreement on Lessee's part to be performed under this <br />Lease, if City shall not elect to terminate this lease and shall instead bring a <br />proceeding to dispossess Lessee or other occupants of the premises or to <br />re-enter the premises, then City shall, before commencing such proceeding, <br />give to Leasehold Mortgagee thirty (30) days written notice of such default <br />and shall allow such Leasehold Mortgagee such thirty (30) day period within <br />which to cure such default. The rights of Leasehold Mortgagee under this <br />paragraph are in addition to such rights as are elsewhere given to Leasehold <br />Mortgagee. <br />5. Leasehold Mortgagee shall have the right to perform any term, covenant, <br />condition or agreement of Lessee hereunder and to remedy any default by <br />Lessee hereunder and City shall accept such performance by Leasehold <br />Mortgagee with the same force and effect as if performed by or furnished by <br />Lessee, provided, however, that the rights of Leasehold Mortgagee shall not <br />thereby or hereby be subrogated to the rights of City. <br />6. The Leasehold Mortgagee shall not be liable to perform Lessee's obligations <br />under this lease, but shall have the right to do so, until the Leasehold <br />Mortgagee acquires Lessee's rights by foreclosure. After acquiring Lessee's rights <br />by foreclosure, the Leasehold Mortgagee shall be liable to perform Lessee's <br />obligations only until Leasehold Mortgagee assigns or transfers the leasehold as <br />permitted by this lease. Leasehold Mortgagee shall not, however, be required to <br />cure Lessee's defaults occurring before Leasehold Mortgagee's acquisition of <br />Lessee's rights by foreclosure. <br />7. Leasehold Mortgagee shall have the right to foreclose on the Leasehold <br />Mortgage in the event of any default under any of the terms and provisions <br />thereof or to acquire Lessee's interest by assignment in lieu of foreclosure, in <br />which event, Leasehold Mortgagee shall not have the right to convey the <br />leasehold estate so acquired to a third party purchaser without the consent of <br />27 <br />