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August) . Tenant shall provide confirmation of receipt of said Bill and confirmation that said Bill has <br /> been paid before the Past Due Date (currently January 6th yearly) . NOTE : For Year One of the Lease, <br /> Landlord shall pay 1 /41h of the 2020 Tax Bill and Tenant shall pay 3 /4`h of said Bill directly to Orange <br /> County and provide confirmation. For Year Ten of the Lease, Landlord shall pay 3/41 of the Tax Bill <br /> for 2030, and Tenant shall pay 1 /41 of the Tax Bill for 2030 directly to Orange County and provide I <br /> confirmation. <br /> 18 . BUILDING MAINTENANCE, UTILITIES, AND INSURANCE : Tenant will be responsible for <br /> maintenance, utilities , and insurance of the leased Demised Premised per Lease Agreement <br /> 190 SECURITY DEPOSIT : Tenant shall provide the Landlord a security deposit equal to one ( 1 ) month' s <br /> rent $ 10,414 within five days of lease execution. <br /> 20 . PAYMENTS : All payments from Tenant to Landlord shall be wire transferred into Landlord ' s <br /> account: <br /> FRB ABA 053000196 wire 026009593 Bank of America <br /> For credit to : Account: 237012680744 <br /> In favor of. <br /> Charles J. Coates <br /> 5001 Cole Mill Road <br /> Durham, NC 27705 <br /> 21 . ALL RENTS ARE DUE ON THE lst DAY OF EACH MONTH: Any payment not received by the <br /> 101 of the month will incur an automatic late fee of six (6%) percent of the monthly rental rate , to be <br /> paid immediately following late rent payment. <br /> I <br /> A Init <br /> 4 Ci <br /> (308 W. Franklin St. ) L dlord Tenant <br />