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Or, 2. Base Rent: Tenant agrees to pay to Landlord the first year of the term of this Lease monthly base rent in during sum of Fifteen Thousand Eight Hundred Seven and 75/100 Dollars ($15,807.75) in advance on the nineteenth day of each month September 19, 1985, and on September 19 of each calendar On thereafter Burin hereunder shall be the adjusted by this an amount equal to monthly base rent (12 %) of increases or decreases in the gross annual percent revenue received by Tenant from the demised premises during the calendar Year ending on the adjustment date from the preceding calendar year, provided that the monthly rent shall not be lower $15,807.75. Payments of base rent shall be made to lessor than address specified in Paragraph 46, below, or at such other t the as lessor may from time to timA Air =ct. FYco„} r place provided, all rent hereunder shall be due and payable hereinafter diminution or offset. Any delinquent rent not paid within five (5) days after written notice to Tenant shall bear a late pay five charge in an amount equal to ten payment. This Lease is intended to beeacnet lease in that date the intention of the parties hereto that the rent payable to lessor shall not be reduced by any cost or charge whatsoever, and that all expenses and charges, whether for upkeep, maintenance insurance, taxes, utilities, federal requirements and other charges of a like t to andormt municipal otherwise, shall be paid by Tenant. This provision is not on derogation of the specific provisions of this Lease, but in expansion thereof and as an indication of the general intentions Of the parties hereto. As long as Tenant is not in default shall hereunder, lessor make all the payments due under the promissory notes secured by the demised premises that lessor defaults under said notes, Tenant�shall have event the right to make the payments due and offset the amount paid against the rent due hereunder. 3. Taxes and Assessments: 3.1 Obligation to Pay: Tenant before delinquency any and all real and personal agrees property, t© pay and assessments levied or assessed against the Demised Premises during the term of this Lease. Tenant shall taxes with proof reasonably satisfactory to Landlord that dl regal and personal property taxes and assessments have been timely y paid. 3.2 Proration: At the commencement and at the end Of the term of the Lease, all real and personal property and assessments shall be prorated. taxes 3.3 Right to Protest: Tenant shall have the right to protest the amount or payment of any real or taxes or assessments which it is required to a Ppursuan property P Lease, provided that Tenant adequately Y Pursuant t this protects Landll this -2- X