Orange County NC Website
G <br />that enforcement of the payment of any such taxes, assessments and other charges in <br />the event of any contest are legally stayed during the period of such contest, such taxes, <br />assessments and other charges may remain unpaid during the period of such contest <br />and any appeal therefrom. <br />(d) The extension of time for the payment of any installment of rent, or the <br />acceptance by the County of any money other than of the kind herein specified, shall <br />not be a waiver of the right of the County to insist on having all other payments of rent <br />made in the manner and at the time herein specified. <br />(e) If any installment of rent is not received by the fifth (5th) day of any <br />month it is due, Tenant shall pay as additional rent a late payment fee of Fifty Dollars <br />($50.00). This additional rent shall be due immediately without demand therefor and <br />shall be added to and paid as a part of the installment payment of rent with respect to <br />which it is incurred. <br />4. Holdover . If the Tenant shall remain in possession of the leased <br />property after the expiration of the original or renewal period as set out above, such <br />possession shall be as a month-to-month tenant. During such month-to-month <br />tenancy, rent shall be payable at the same rate as that in effect during the last month <br />of the term immediately preceding, and the provisions of this lease shall be applicable. <br />5. Insurance. The County shall keep in force insurance to provide for <br />property damage to the building for replacement cost purposes. Provided, however, <br />Tenant shall be responsible for and pay to County any increase in County's insurance <br />premium occasioned by the nature of the Tenant's business. <br />The Tenant shall maintain fire and casualty insurance covering the Tenant's <br />fixtures, equipment and other property located in the demised premises. <br />Tenant shall keep the leased property insured, at its sole cost and expense, <br />against claims for personal injury or property damage under a policy of general public <br />liability insurance, with limits of at least $1,000,000 for bodily injury and $100,000 for <br />property damage. Such policies shall name the County as additional named insured <br />under the policy. <br />The Tenant shall provide the County certificates of such insurance at or prior <br />to the commencement of the term of this lease, and thereafter within ten (10) days prior <br />to the expiration of such policies. Such policies shall provide that the same may not be <br />canceled without at least ten (10) days prior written notice to County. <br />6. Rental Adjustment. In addition to the base rental, the Tenant shall <br />assume and pay any additional fire insurance premium, hazard insurance premium, or <br />other extended coverage insurance premium required as a result of any particular <br />operation or use of said premises over and above the insurance premium required to <br />be paid by County in the absence of said operation or use. <br />7. Signs. The County will place and maintain in and about the leased <br />property at appropriately designated places, such neat and appropriate signs <br />