Agenda - 1-3-17 Reg. Meeting - Laserfiche WebLink

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0r7r 18. Landlord's Remedies on Default: If Tenant defaults in the payment of rent, or defaults in the performance of any of the other covenants or conditions hereof, Landlord may give Tenant notice of such default and if Tenant does not cure any such default within 10 days, after the giving of such notice (or if such other default is of such nature that it cannot be completely cured within such period. if Tenant does not commence such curing within such 10 days and thereafter proceed with reasonable diligence and in good faith to cure such default), then Landlord may terminate this lease on not less than 30 days' notice to Tenant. On the date specified in such notice the term of this lease shall terminate, and Tenant shall then quit and surrender the Premises to Landlord and any rents thereafter owing by Tenant shall be excused. If this lease shall have been so terminated by Landlord, Landlord may at any time thereafter resume possession o� the fai1lure to enforce ises by any any term shall means beremove deemed Tenant waiver. other occupants and their efTec 19. Ad Valorem Taxes: Tenant shall reimburse Landlord for the ad valorem real property taxes assessed on the building and property. Landlord will present an invoice showing the paid tax bill to Tenant for payment within 30 days. Tenant shall be responsible for any ad valorem personal property taxes on its taxable contents. 20. Attorney's Fees: In case suit should be brought for recovery of the Premises, or for any sum due hereunder, or because of any act which may arise out of the possession of the Premises, by either party, the prevailing party shall be entitled to all costs incurred in connection with such action, including reasonable attorney's fees. 21. Waiver: No failure of either party to enforce any term hereof shall be deemed to be a waiver. 22. Notices: Any notice which either party may, or is required to give, shall be given by mailing the same, postage pre- paid, to Tenant and/or Landlord at the address specified in Section 4, or at such other places as may be designated by the parties from time to time. 23. Heirs, Assigns, and Successors: This lease is binding upon and inures to the benefit of the heirs, assigns and successors in interest to the parties. 24. No Broker Claims: Tenant hereby warrants and represents to Landlord that Tenant has not dealt with any broker, agent or finder in connection with this Lease or any right to purchase the Premises other than The Stump Corporation ("Broker"), whose commission with respect to this Lease and any purchase of the Premises pursuant to Section 27. hereof shall be paid by and shall be the sole responsibility of Landlord. 25. Security Deposit: Tenant shall pay to Landlord a Security Deposit of six thousand one hundred twenty five dollars ($6.125.00) being paid on or before the Occupancy Date. 26. Renewal Option: Provided that Tenant is not in default in the performance of this lease, Tenant shall have the right to renew this lease for an additional thirty six (36) month tern and continue to occupy the Premises under the same terms and conditions. with the exception that the rent shall increase to six thousand three hundred seventy five dollars ($6,375.00) for the first annual renewal term. with 2% annual increases in rent thereafter. Tenant agrees to give Landlord sixty (60) days notice of its intent to renew the lease, or vacate the Premises. 4