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from the United States , the State , or a political <br /> subdivision of the State shall be exempt from the tax. <br /> (3) An instrument recording a lease for a term of '10 years <br /> or less, shall be exempt from the tax unless: <br /> a. The lease gives the lessee an option to renew the <br /> lease for a period that, when added to the term of <br /> the lease, exceeds the 10-year limitation; or <br /> b. The lease is for substantially the same property <br /> and is between the same parties as a lease <br /> previously recorded , and the term, of the new <br /> lease, when added to that of the previous lease, <br /> exceeds the 10-year limitation; or <br /> c. The lease requires or permits the property to be <br /> transferred to the lessee for less than the fair <br /> market value of the property; <br /> (4) An instrument securing indebtedness shall be, exempt <br /> from the tax; <br /> (5) An instrument recording a transfer in which no <br /> consideration was paid or is due the transferor by the <br /> transferee shall be exempt from the tax. <br /> (6) This tax does not apply to conveyances of an interest <br /> in real property by operation of law, by will, or by <br /> intestacy. <br /> (c) Collection. A tax levied under this section is payable <br /> by the transferor of the interest at the Orange County Register <br /> of Deeds Office before the instrument conveying the interest is <br /> recorded. The tax assessor shall stamp or otherwise mark each <br />