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<br />agrees to pay the Returned Check F. ee for each check of Tenant that is returned by the financial institution because
<br />of insufficient funds or because the Tenant did not have an account at the financial institution.
<br />4. Tenant Security Deposit: The Security Deposit shall be administered in accordance with the North
<br />Carolina Tenant Security Deposit Act (N.C.G.S. § 42-50 et. seq.). IT MAY, IN THE DISCRETION OF THE
<br />LANDLORD, BE DEPOSITED IN AN INTEREST-BEARING ACCOUNT WITH THE BANK OR SAVINGS
<br />INSTITUTION NAMED ABOVE. ANY INTEREST ~ UPON THE TENANT SECLJRITX DEPOSIT
<br />SHALL ACCRUE FOR THE BENEFIT OF, AND SHALL BE PAID TO, THE LANDLORD, OR' AS THE
<br />LANDLORD DIRECTS. SUCH IlV`TEREST, IF ANY, MAY BE WITHDRAWN BY LANDLORD FROM SUCH
<br />ACCOUNT AS IT ACCRUES AS OFTEN AS LS PERMITTED BY THE TERMS OF THE ACCOUNT.
<br />Upon any termination of the tenancy herein created, the Landlord may deduct from the Tenant Security
<br />Deposit amounts sufficient to pay: (1) any damages sustained by the Landlord as a result of the Tenant's
<br />nonpayment of rent or nonfulfillment of the Initial Term or any renewal periods, including the Tenants failure to
<br />enter into possession; (2) any damages to the Premises for which the Tenant is responsible; (3) any unpaid bills
<br />which become a Lien against the Premises due to the Tenant's occupancy; (4) any costs of re-renting the Premises
<br />after a breach of this lease by the Tenant; {5) any court costs incurred by the Landlord in connection with
<br />terminating the tenancy; and (6) any other damages of the Landlord which may then be a permitted use of the
<br />Tenant Security Deposit under the laws of this State. No fees may be deducted from the Tenant Security Deposit
<br />until the termination of the tenancy. After having deducted. the above amounts, the Landlord shall, if the Tenant's
<br />address is known to him, refund to the Tenant, within thirty (30) days after the termination of the tenancy and
<br />delivery of possession, the balance of the Tenant Security Deposit along with an itemized statement of any
<br />deductions. If there is more than one person listed above as Tenant, Landlord may pay said balance to any such
<br />person, and the other person(s) agree to hold Landlord harmless for such action. If the Tenant's address is unknown
<br />to the Landlord, the Landlord may deduct the above amounts and shall then hold the balance of the Tenant Security
<br />Deposit for the Tenant's collection for asix-month period beginning upon the termination of the tenancy and
<br />delivery of possession by the Tenant. If the Tenant fails to make demand for the balance of the Tenant Security
<br />Deposit within the six-month period, the Landlord shall not thereafter be liable to the Tenant fora refund of the
<br />Tenant Security Deposit or anq part thereof.
<br />5. Tenant's Obligations: Unless otherwise agreed upon, the Tenant shall:
<br />(a) use the Fremises for residential purposes only and in a manner so as not to disturb the other tenants;
<br />(b) not use the Premises for any unlawful or immoral purposes or occupy them i4 such a way as to
<br />constitute a~ nuisance;
<br />(c) keep the Premises, including but not limited to all plumbing fixtures, facilities and appliances, in a
<br />clean and safe condition;
<br />(d) comply with any and all obligations imposed upon tenants by applicable building and housing codes;
<br />{e) dispose pf all ashes, rubbish, garbage, and other waste in a clean and safe manner and comply with all
<br />applicable ordinances concerning garbage collection, waste and other refuse; ,
<br />(f) use in a proper and reasonable manner all electrical; plumbing, sanitary, heating, ventilating, air
<br />conditioning, and other facitties and appliances, if any, famished as a part of the Premises;
<br />(g) not deliberately or negligently destroy, deface, damage or remove any part of the Premises (including
<br />all facilities, appliances and fixtures} or permit any person, known or unlaiown to the Tenant, to do so;
<br />(h) pay the costs of all utility services to the Premises which are billed directly to the Tenant and not
<br />included as a part of the rentals, including, but not limited to, water, electric, telephone, and gas services;
<br />{i) conduct himself and require atl other persons on the Premises with his consent to conduct themselves in
<br />a reasonable manner and so as not to disturb other tenants' peaceful enjoyment of the Premises; and
<br />(j) not abandon or vaca#e the Premises during the Initial Term or any renewals or extensions thereof.
<br />Tenant shall be deemed m have abandoned or vacated the Premises if Tenant removes substantially all of his
<br />possessions from the Premises.
<br />~1c}
<br />- 6. Landioid's Obligations: Unless otherwise agreed upon, the Landlord shad: -~ ~ ~~
<br />{a) comply with the applicable building and housing codes to the extent required by such building and
<br />housing codes;
<br />(b) make a1I repairs to the Premises as may be necessary to keep the Premises in a fit and habitable
<br />condition; provided, however, in accordance with paragraph 10, the Tenant shall be liable to the Landlord for any -
<br />repairs necessitated by the Tenant's intentional or negligent misuse of the Premises;
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<br />Tenant Initials
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