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<br /> - Each installment payablc in advance on the first day of each month for that month's � "
<br />- " rental,during the temn of this lease. All rental payments should i�made out to tl�e Lesso�• �,;`
<br /> and sent to the addtess stated above.
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<br /> � .;,�,. � *�on Pa�^�entq Based Unon�atimate:_On the first day of each month during the term ��_
<br /> - � � hereof,lessee shallpay in advance one-twelfth(1/12th)of the amount which lessor F^;._=
<br /> estimates sis the taxes for each year.Within sixty(60) days after the end of such period,or �
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<br /> ticabl� lessor shall rovide a statement o�amount of acYual taxes.If �'_='
<br /> , as soon af3er as prac , P �;.
<br /> � �'�.•��', the amount paid Uy lessee is less than the amount shown by the statement,then lessee _
<br />_'t. ,�: , shall pay the difference witlun 20 days after the date of the lessors statement;and if 4�,=
<br />- . amount paid by lessee during such period is more than the amount shown on the -
<br /> ` ' statement,then t�ie amount shall be credited to the lessee's next required payment. _ _
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<br /> , ' Z. Late Charges. The Lessee hereby acknowled�es that late payment by the Lessee —
<br /> �'�"` to he Lessor of rent or other sums due under this Agreement will cause the Lessor to incur _
<br /> � � � costs not contemplated by this lease,the exact amount of which will be extremely
<br /> � difficult to ascertain. Accordingly,if any installment of rent or of a sum due from the
<br /> '�`' �' Lessee shall not be received by the Lessor's designees by 12:00 noon on the fifth(Sth)
<br />-�,.,5: �--- sia;of�arh mn�tl�of the term,then the Lessee shall pay to the L,essor a late charge equal
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<br /> � to 5%percent of such overdue amount. The pazties hereby agree that such late charges
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<br /> -�.,.�;�,i,R represent a fair and reasonable estimate of the cost that the Lessor will incur by reason of
<br /> �.. . the late payment by the Lessee. Acceptance of such late charges by the L,essor shall in no
<br />_ • event constitute a waiver of the Lessee's default with respect to such overdue smount,nor
<br /> ;'l�'Y�` " prevent the Lessor from exercising any of the other rights and remedies granted in this
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<br /> '• Agreement.
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<br /> "�i� "� 3.1 Uses Permitted. The Lessee shall use and occupy the Premises for Video
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<br /> �' �`°' � Business and related activities,TV,video and stereo sales and installation. The Premises
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<br /> shall be for no other purpose. The Lessor represents that the Premises may lawfully be
<br />'" . �������� used for such puipose. _
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<br /> _�� � 3.2 Uses Prohlbited
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<br /> - "'��HI'� � 3.2.1 The Lessee shall not do or permit anything to be done in or about the Premises nor
<br /> � bring or keep anything that will increase the existing rate or affect any fire or other -
<br /> insurance upon the building or any of its contents,or cause a cancellation of any _
<br /> insurance policy covering said building or any part or any of its contents,nor shall the __
<br /> Lessee sell or permit to be kept,used or sold in orabout said Yremises any articles or
<br /> substances, inflammable or otherwise,that may be prohibited by a standard form policy
<br /> of fire insurance.
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