4-19-21 BOC Regular Meeting - Laserfiche WebLink

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A. Late Charge. If any Rental or any other sum due Lessor in accordance with any provision of this Lease shall not be paid within ten (10) days of when it is due, the same shall, unless Lessor shall waive the same, bear interest at the rate of twelve percent(12%)per annum from such due date until such sum and all such interest accrued thereon shall have been paid. Interest accrued as aforesaid shall be deemed to be additional rent hereunder due on demand and failure to pay the same shall constitute a default under this Lease. All rent and any other sum due Lessor in accordance with any provision of this Lease shall be paid without notice or demand and without set-off or deduction of any kind except as otherwise expressly provided in this Lease. B. Security Deposit. Lessee shall, before commencing occupancy of the Premises, deposit with the Lessor the sum of Thirty Nine Thousand Five Hundred Thirty Three and 33/100 dollars ($39,533.33) to be held by Lessor. In the even the Lessee shall vacate the Premises in as good as condition as when it began occupancy, ordinary wear and tear and casualty and condemnation excepted, then Lessor shall return the deposit to Lessee. However, if Lessee shall vacate the Premises in worse condition than when it entered the Premises (ordinary wear and tear and casualty and condemnation excepted), Lessor may use so much or all of the deposit as necessary to return the Premises to their condition at commencement of occupancy. 4. DEFAULT. The occurrence of one or more of the following events (herein called "Events of Default")shall constitute a default by the Lessee. A. Failure to pay rent or any other sum due Lessor within ten(10 days)when due; Failure to perform any other material provision of this Lease if the failure to perform is not cured within thirty(30) days after written notice thereof has been given to Lessee, provided, however, if such default is not capable of being cured in thirty (30) days,• there will be no Event of Default so long as Lessee has commenced and is diligently .'i' pursuing a cure for such default. 5. LESSOR'S REMEDIES UPON DEFAULT. Lessor shall have the following remedies if Lessee commits an Event of Default that continues beyond the applicable notice and cure period.These remedies are not exclusive;they are cumulative in addition to any remedies now or later allowed by law except as limited herein. A. Lessor shall have the right to continue this Lease in full force and effect,and have the right to enter the Premises pursuant to summary process and with written notice to vacate and relet them,changing any or all locks on the Premises all without being liable for forcible entry,trespass,or other tort.Lessee shall be liable immediately to Lessor for all costs Lessor shall incur in reletting the Premises and Lessee shall pay to Lessor the rent due under this Lease on the date that the rent is due, less the rent Lessor receives from any reletting. PPAB 6118535v1