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DocuSign Envelope ID: DBAF82EE-9D9E-4CFF-BF70-301D3E944908 <br /> (c) The Tenant agrees to pay the County without demand at its office, or at <br /> such other place or places as County may from time to time designate in writing, the sum <br /> Twelve Hundred Twenty Seven and 33 Cents ($1,227.33) per month for the 12 month lease <br /> term, on or before the fifth day of each month of the term. The Tenant is not obligated to pay <br /> rent until October 1St, 2017. The total lease payment for the lease term is $11,045.97. <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 not be a <br /> waiver of the right of the County to insist on having all other payments of rent made in the <br /> manner and at the time herein specified. <br /> (e) If any installment of rent is not received by the fifth (5th) day of any month it is <br /> due, Tenant shall pay as additional rent a past due payment fee of Fifty Dollars ($50.00). This <br /> additional rent shall be due immediately without demand therefore and shall be added to and <br /> paid as a part of the installment payment of rent with respect to which it is incurred. <br /> 4. Holdover. If the Tenant shall remain in possession of the Leased Premises <br /> after the expiration of the original or renewal period as set out above, such possession shall be <br /> as a month-to-month tenant. During such month-to-month tenancy, rent shall be the rent in <br /> effect during the last month of the term immediately preceding. <br /> 5. Insurance. The County shall keep in force insurance to provide for property <br /> damage to the building for replacement cost purposes. <br /> The Tenant shall maintain fire and casualty insurance covering the Tenant's fixtures, <br /> equipment, and other property located in the demised premises. <br /> Tenant shall keep the Leased Premises insured, at its sole cost and expense, <br /> against claims for personal injury or property damage under a policy of public liability insurance, <br /> with limits of at least $1,000,000 for bodily injury and $100,000 for property damage. Such <br /> policies shall name the County as additional named insured under the policy. <br /> The Tenant shall provide the County certificates of such insurance at or prior to the <br /> commencement of the term of this Lease, and thereafter within ten (10) days prior to the <br /> expiration of such policies. Such policies shall provide that the same may not be canceled <br /> without at least ten (10) days prior written notice to County. <br /> 6. Rental Adjustment. In addition to the base rental, the Tenant shall assume <br /> and pay any additional fire insurance premium, hazard insurance premium, or other extended <br /> coverage insurance premium required because of any operation or use of said premises over <br /> and above the insurance premium required to be paid by County in the absence of said <br /> operation or use. <br /> 7. Signs. The Tenant reserves the right to install special signage it deems <br /> appropriate to properly direct the public to the services offered at the Leased Premises. Any <br /> special Tenant sign will be at the sole cost of the tenant but in the same styling, provided, <br /> however, that the County shall not unreasonably withhold approval of such signs as Tenant may <br /> desire. Signage must also be approved by the Town of Chapel Hill. Upon the termination of <br /> Page 2 of 12 <br />