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Mar'05 03 01:03p RITAGE BANK 1 128454598 p.16 3. Remit. 200402532 Tenant shall pay as rent for the Premises �theejsum of Dollars ($-3 �% �-' ) annually (the "Fixed Minimum Rent "), payable Dollars per month for each and every month during the term of this Agreement. All payments shall be paid to Landlord in advance on the first day of each month and will be delinquent after the fifth day at the address for notices set forth herein. Any delinquent payment shall bear interest at the rate of fifteen (15 %) per annum for the date payment was due. b. General Term of &nt Paym n . The Fixed Minimum Rent shall be paid without setoff, deduction or notice of demand and in addition to all other payments (including, without limitation, taxes, and insurance) to be made by Tenant as herein provided. The Fixed Minimum Rent shall be absolutely net to Landlord so that this Agreement shall yield, net, to Landlord the Fixed Minimum Rent specified herein; and all costs, fees, expenses, charges and obligations of every kind and nature relating to the Premises which may arise or become due during the term of this Agreement shall be paid by Tenant; and Landlord shall be indemnified and saved harmless by Tenant from and against any costs, fees, expenses, charges and obligations. 4. Covenants of Tenet. Tenant covenants and agrees as follows: a. Real Estate Taxes. Tenant shall pay all real estate and general and special assessments on the Premises which are levied or assessed and/or become owing during the term of this Agreement before the same become delinquent. Landlord shall give Tenant written notice of the amount of said taxes after the receipt of the tax statement from the appropriate taxing authorities. b. Personal Propedy Taxes. Tenant shall pay, prior to delinquency, any and all taxes and assessment levied or assessed during the lease term upon or against (i) all furniture, fixtures, signs and equipment and any other personal property installed or located within the Premises; and (ii) all alterations, additions, betterments or improvements of whatsoever kind or nature, made by Tenant to the Premises, including such improvement and betterments as presently exist and as made by Tenant, as the same may be separately levied, taxed and assessed against or imposed directly upon Tenant by the taxing authorities, c. 1L tilities, Tenant shall pay all charges for heat, electricity, water sewage, gas, garbage or special fees, metering charges or utility charges or services of any nature used on the Premises, including taxes thereon, d. Insurance. (i) Liability Insurance, Tenant shall carry and maintain, at its sole cost and expense, a combined single coverage liability insurance policy for both bodily injury and property damage with limits of not less than One - Million Dollars ($1,000,000.00) per