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follows: Page 19 Section 702. The defaults herein referred to are as (a) Should Lessee fail to pay any one or more monthly installments of rent, as and when the same become due, and such defaul% should continue for fifteen (15) days after written demand fov the payment thereof is made by the Lessor or Trustee for the Act No. 9 Bondholders upon the Lessee; (b) Should the Lessee be adjudicated a bankrupt; (c) Should an assignment, for the benefit of creditors, be made by the Lessee; (d) Should there be appointed a receiver of all, or sub- stantially all, of the Lessee's property and said receiver con- tinues in possession thereof for ninety (90) days; (e) Sh.ou'.d the Lessee, before the expiration of said term, and wit0hout written consent of the Lessor, vacate the said r::?emises or abandon the possession thereof; (f) Should the Lessee violate any of the other terms, conditions or covenants on the part of the Lessee herein contained, :id fail to .remedy or to proceed with due diligence to remedy the sane wlthjt,tj 4.-hirty (30) days after written notice given by the Lessor or. Trustee for the Act No. 9 Bondholders to the Lessee specifying the default or defaults. Sect on '703. The failure of Lessor or Trustee for the Act Ai. 9 Bundholders to insist upon the performance of any of the conditions of this Lease Agreement, or to exercise any option %erein conferred in any one or more instances, shall not be con- strued as a waiver or relinquishment of the benefit in the future ol' said conditions and options. Section 704. Subject to the provisions of Section 701 and 702 hereof pertaining to written notice, in the event that the .Lessee shall make default in the performance of any of the agree- ments, conditions, covenants, or terms herein contained, other than the payment of rent, the Lessor and the Trustee for the Act No. 9 Bondholders may perform the same, for the account of the