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within the aforesaid twenty (20) day period. If Lessors elect not to replace or • rebuild then said Lease shall be deemed terminated thirty (30) days following the occurrence causing said damage. If at the time of Lessors' decision to replace or rebuild, Lessors do not agree in writing to complete the repair or rebuilding within ninety (90) days after the decision is made, or within a reasonable period if ninety (90) days is unreasonable under the circumstances in light of the nature and extent of the damages, as decided by both Lessors and Lessee, Lessee shall have the option to terminate this Lease by written notice to Lessors within fifteen (15) days after Lessors' decision. 17. DEFAULT PROVISIONS. (A) The following shall constitute events of default: (1) Abandonment of the Premises; (2) The default of seven (7) days in payment of rent or other sums due to Lessors hereunder; (3) Breach of any of the covenants or conditions of this Lease continuing for more than fifteen (15) days following receipt of written notice thereof from Lessors to Lessee; (4) Dissolution or commencement of any proceedings to dissolve Lessee; (5) Termination of existence, insolvency, business failure, appointment of a receiver, assignment for the benefit of creditors of all or any part of the property of the Lessee, or commencement of any proceedings under any bankruptcy or insolvency law by or against Lessee. • No failure on the part of the Lessors to enforce any covenant or provision herein, nor the waiver of any right hereunder by Lessors, shall discharge or invalidate such covenant or provision or any other covenant, condition or provision hereof, or affect the right of the Lessors to enforce the same in the event of subsequent breach or default. (B) REMEDIES ON DEFAULT. Upon the occurrence of any event of default, Lessors shall have the right, then or at any time thereafter while such event of default shall continue, to terminate this Lease on not less than ten (10) days notice to Lessee. On the date specified in such notice the term of this Lease shall terminate, and Lessee shall then quit and surrender the Premises to Lessors, without extinguishing Lessee's liability. If this Lease shall have been so terminated by Lessors, Lessors may at any time thereafter resume possession of the premises by any lawful means and remove Lessee or other occupants and their effects. In the event of default by Lessee, rentals received by Lessors following reentry shall be applied to liability of the Lessee resulting from said default. (C) LIABILITY OF TENANT ON DEFAULT. If the Lessors rightfully terminate this Lease or reenters pursuant to the foregoing section, Lessee shall remain liable for the rent and all of the sums provided for in this Lease until the date this Lease would have expired had such termination not occurred and any • and all expenses incurred by Lessors in reentering the Premises, repossessing the 7