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17. ENFORCEMENT OF PROVISIONS: No failure, or successive failures, on the part of the Lessor to enforce any <br />provision, nor any waiver or successive waivers on its part of any provision herein, shall operate as a discharge thereof or render <br />the same inoperative or impair the right of the Lessor to enforce the same upon any renewal thereof or in the event of subsequent <br />breach or breaches. <br />18. PERMISSION GRANTED: Upon expiration or cancellation of this lease all permission granted hereunder shall cease <br />and terminate. <br />19. RENEWAL PROVISIONS: Renewal of this lease shall be at the sole option of the Lessor. Such renewal shall be <br />subject to the terms, conditions and provisions of management standards and applicable laws, rules and regulations in effect at <br />that time. In the event that the Lessee is in full compliance with the terms of this lease, the Lessor will begin the renewal process. <br />The term of any renewal granted by the Lessor shall commence on the last day of the previous lease term. In the event the Lessor <br />does not grant a renewal, the Lessee shall vacate the leased premises and remove all structures and equipment occupying and <br />erected thereon at its expense. The obligation to remove all structures authorized herein upon termination of this lease shall <br />constitute an affirmative covenant upon the Lessee's interest in the riparian upland property more particularly described in <br />Attachment B which shall run with the title to the Lessee's interest in said riparian upland property and shall be binding upon the <br />Lessee and the Lessee's successors in title or successors in interest. <br />20. REMOVAL OF STRUCTURES/ADMINISTRATIVE FINES: If the Lessee does not remove said structures and <br />equipment occupying and erected upon the leased premises after expiration or cancellation of this lease, such structures and <br />equipment will be deemed forfeited to the Lessor, and the Lessor may authorize removal and may sell such forfeited structures <br />and equipment after ten (10) days written notice by certified mail addressed to the Lessee at the address specified in Paragraph <br />12 or at such address on record as provided to the Lessor by the Lessee. However, such remedy shall be in addition to all other <br />remedies available to the Lessor under applicable laws, rules and regulations including the right to compel removal of all <br />structures and the right to impose administrative fines. <br />21. REMOVAL COSTS/LIEN ON RIPARIAN UPLAND PROPERTY: Subject to the noticing provisions of Paragraph 20 <br />of this lease, any costs incurred by the Lessor in removal of any structures and equipment constructed or maintained on state <br />lands shall be paid by Lessee and any unpaid costs and expenses shall constitute a lien upon the Lessee's interest in the riparian <br />upland property that is more particularly described in Attachment B. This lien on the Lessee's interest in the riparian upland <br />property shall be enforceable in summary proceedings as provided by law. <br />22. RIPARIAN RIGHTS/FINAL ADJUDICATION: In the event that any part of any structure authorized hereunder is <br />determined by a final adjudication issued -by a court of competent jurisdiction to encroach on or interfere with adjacent riparian <br />rights, Lessee agrees to either obtain written consent for the offending structure from the affected riparian owner or to remove <br />the interference or encroachment within 60 days from the date of the adjudication. Failure to comply with this paragraph shall <br />constitute a material breach of this lease agreement and shall be grounds for immediate termination of this lease agreement at <br />the option of the Lessor. <br />23. AMENDMENTS/MODIFICATIONS: This lease is the entire and only agreement between the parties. Its provisions <br />are not severable. Any amendment or modification to this lease must be in writing, must be accepted, acknowledged and <br />executed by the Lessee and Lessor, and must comply with the rules and statutes in existence at the time of the execution of the <br />modification or amendment. Notwithstanding the provisions of this paragraph, if mooring is authorized by this lease, the Lessee <br />may install boatlifts within the leased premises without formal modification of the lease provided that (a) the Lessee obtains any <br />state or local regulatory permit that may be required; and (b) the location or size of the lift does not increase the mooring capacity <br />of the docking facility. <br />Page 4 of 33 Pages <br />Sovereignty Submerged Lands Lease No. 130174356 <br />483