Orange County NC Website
i n <br /> 4 <br /> k <br /> Is <br /> I <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 of <br /> One Hundred Dollars ( $ 100 . 00 ) per year for the three -year lease term , on or before the <br /> November 1 st on each year of the lease term . <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 November 1st , Tenant shall pay as <br /> additional rent a past due payment fee of Fifty Dollars ( $ 50 . 00 ) . This additional rent shall be <br /> due immediately without demand therefore and shall be added to and paid as a part of the <br /> installment payment of rent with respect to which it is incurred . <br /> r <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 month4o - month tenancy , rent shall be the rent in <br /> c <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 /> I <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 /> r' <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 /> L <br /> operation or use . <br /> 7 . Signs . The County will coordinate with the Town of Hillsborough to provide <br /> and maintain a main building identification sign in front of the building . The Tenant reserves the <br /> right to install special signage it deems appropriate to properly direct the public to the services <br /> offered at the Leased Premises . Any special Tenant sign will be at the sole cost of the tenant <br /> but in the same styling , to be approved by the County ' s Cultural Resources Coordinator , <br /> provided , however, that the County shall not unreasonably withhold approval of such signs as <br /> Tenant may desire . Signage must also be approved by the Town of Hillsborough . Upon the <br /> Page 2 of 12 <br /> j % <br />