AG 2014 12 15 - Laserfiche WebLink

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(b) Options to'Repew. LESSEE, at its option, shall be entitled to the privilege of two (2) successive extension(s) of this lease, said extoluszion(s) to be for a }period of one year and on the same terms and conditions required during the initial lease term hereof, except as to rental, provided that there has been no default in the lease and conditioned upon the exercise of and compliance with prior extensions if LESSEE avails itself of the same. Unless LESSEE notified LESSOR in writing prior to 910 days before the termination of the initial term that it does not wish to exercise the option of extending the lease for the next one year interval, then it shall be conclusively presumed that such option is exercised, and the lease shall continue in effect for the additional one year term. 3. RENTAL,: In consideration of the leasing of the premises, LESSEE covenants and agr�.es to pay to LESSOR and LESSOR agrees to accept from LESSEE, as rental for said premises, during the period of this lease the following: The sum of Twenty Six Thousand Four Hundred and no /100 Dollars ($26,4100.00), payable in Twenty Four (24) cqual, consecutive, monthly installments in the sure of Eleven Hundred and No /100 Dollars ($1100.00) per month, beginning with the 1rt day of December, 2012, and continuing during the existence of the terms of'this lease. Said monthly installments shall be due on the I" day of each month begirming December 1, 2012, 4, TAXES AND ASSESSMENTS PAID BY'LESSOR; PERSONAL PROPERTY TAXES PAID I3Y LESSEE: Throughout the lease term, LESSOR shall pay all ad valorem taxes levied against the above described land and improvements. LESSEE shall pay all ad valorem personal property taxes levied against LESSEE on arxount of its operation upon said land of any business. Any assessment for street improvements or other permanent improvements levied against the said land shall be paid by LESSOR. 5. PAYMENT OF FIRE INSURANCE; DAMAGE OR DESTRUCTION OF BUILDING. INSURANCE REPLACEMENT,_ CONTENTS INSUR 2 Attachment number 1 F -13 Page 265