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of trust encumbering such leasehold interest to secure a portion of the purchase price <br />given to Beneficiary for such assignment or transfer, then such deed of trust shall be <br />considered a Leasehold Deed of Trust as contemplated under this Section 8.1 and <br />Beneficiary shall be entitled to receive the benefit and enforce the provisions of this <br />Section 8.1 and any other provisions of this Lease intended for the benefit of the <br />holder of a Leasehold Deed of Trust. Any purchaser at a foreclosure sale other than <br />Beneficiary, must assume this Lease and it shall have no right in respect to the <br />Premises unless it so assumes and delivers a duplicate original of the assumption <br />agreement (to be executed in form for recording) within ten (10) days after such <br />purchaser acquires title to the Tenant's interest in the Lease. <br />8.1.8. In the event that this Lease is terminated by Landlord on account <br />of a default, or rejected by Tenant or any trustee of Tenant appointed pursuant to or <br />in connection with any bankruptcy proceeding (and provided that an unsatisfied <br />Leasehold Deed of Trust then stands of record), or in the event Tenant's interest <br />under this Lease shall be sold, assigned or transferred pursuant to the exercise of any <br />remedy of the Beneficiary, pursuant to judicial or other proceedings, Landlord shall <br />immediately execute and deliver a new lease of the Premises to Beneficiary or its <br />nominee, purchaser, assignee or transferee, upon written request by such person or <br />entity given within sixty (60) days after such termination, sale, assignment or <br />transfer, for the remainder of the Lease Term with the same agreements, covenants <br />and conditions (except for any requirements which have been fulfilled by Tenant <br />prior to termination) as are contained herein and with priority equal to that hereof, <br />provided, however, that Beneficiary shall promptly cure any default of Tenant <br />susceptible to cure by Beneficiary, with all monetary defaults being subject to cure. <br />Upon execution and delivery of such new lease, Landlord shall cooperate with the <br />new Tenant, at the expense of the said new Tenant, in taking such action as shall be <br />necessary to cancel and discharge this Lease and to remove Tenant named herein <br />from the Premises. In such event the ownership of the readerboard sign and other <br />improvements shall be deemed to have been transferred directly to such transferee of <br />Tenant's interest in this Lease and the provision of Sections 7.1 and 7.3 hereof <br />causing such sign and other improvements to become the property of Landlord in the <br />event of termination of this Lease shall be ineffective as applied to any such <br />termination. Landlord shall, at no expense to Landlord, execute such deed or the <br />instrument of conveyance as may be necessary for fee simple title to the sign and <br />other improvements, but not the Premises, to be insured in such transferee of <br />Tenant's interest. <br />Automall Read Board Sign - Ground Lease <br />Final 5/07/97 Page 13 of 22 <br />