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arising out of or in connection with any loss or losses occasioned by fire and such <br />items as are included under the normal extended coverage clauses of insurance <br />policies, and does hereby waive all rights of subrogation in favor of insurance carriers <br />against Lessee arising out of any losses occasioned by fire and such items as are <br />included under the normal extended coverage clauses of fire insurance policies, and <br />sustained by Lessor in or to the premises. Lessee hereby releases Lessor from any <br />and every right, claim and demand that Lessee may hereafter have against Lessor, his <br />successors or assigns arising out of or in connection with any loss or losses <br />occasioned by fire and such items as are included under the normal extended <br />coverage clauses of fire insurance policies, and does hereby waive all rights of <br />subrogation in favor of insurance carriers against Lessor arising out of any losses <br />occasioned by fire and such items as are included under the usual extended coverage <br />clauses of fire insurance policies and sustained by Lessee to its trade fixtures, <br />equipment, and other personal property in the demised premises. <br />REMOVAL OF BUILDING. The Lessee's predecessor in interest has constructed <br />an airplane hangar on the premises and the parties agree that at the end of the term, <br />the Lessee shall have the option of removing the building from the premises. In the <br />event the Lessee exercises such option, the building shall be removed within thirty <br />(30) days of the termination of this lease and upon giving the Lessor notice in writing <br />prior to the termination of the Lessee's intent to remove such building. In the event <br />notice is not given or that the Lessee shall fail to remove within the time limit, the <br />building shall become the property of the Lessor. <br />CONSTRUCTION. The Lessee shall have the right during the term to construct <br />and maintain a concrete apron between the present structure on the premises and the <br />existing concrete apron. Prior to construction, the Lessee shall submit a written plan <br />and specifications for the construction work and said apron shall not be constructed <br />without said plans having first been approved, in writing by the Lessor's Director of <br />Public Works. <br />LEASE PAGE 4 <br />