HomeMy WebLinkAbout2959 therewith, from the monies deposited by the Lessee, as aforesaid,
~ and shall return any remaining aum~ to the Lesaee without inte r-
eat. If at any time during the course of such contest proceed-
ings it shall appear to the Leasor that the amount deposited by
~he Lessee i$ or may be insufPicient to pay in full the amount
o~' the tax and assessment, together with all interest, penalties
and other chargea which may be incurr~d by reason of the contest
proceedings, or if at the termination of such proceedings it
ahall or may appear that.the amount deposited by the Lessee is in-
sufficient to pay in full the amount found to be due, the Lessor
shall have the right to require the Lessee to deposit such addi-
tional sums as the Lessor may reasonably request, and upon fail-
ure of the Lessee to do so within thirty (30) days of demand
therefor the amount theretofore deposited with the Lessor may be
~ applied to the payment, removal and discharge of ar~r then pending
and contested tax or assessment, and any delinquency ahall be
treated as unpaid rent. The Lessor, at the Lessee~s sole expense,
shall ~oin in any such proceedings iP any Iaw ahall so require.
~ d. The Lessee may, i~ it shall so desire, endeavor a~ any
time to contest the validity of any as$essment, or to obtain a
lowering of the assessed valuation upon the Demised Premiaes for
the purpose of reducing any assessment. In such event the Lessor
will offer no ob~ection and at the request of the Lessee, without
expense to the Lessor, will cooperate with the Lessee. If re-
quested by the Lessee, and provided he will not in the reasonable
~udgment of the Lessor incur ar~y expense or liability the~eby,
~ the Lessor will execute any documenta which may be necessary and
proper Por any such proceedings. Any reflinde shall be the prop-
erty of the Lessee to the extent to which it may be based on a
payment of an assessment made by the Lessee.
e. The Lesao r may at any time require the Lessee to depos-
it fur~ds for the payment oP current taxes and asaessments on trie
Demised Prem3ses in a bank or trust compar~y selected by the I,~s-
sor. Such funds shall be held in the name oP the Lessee, with
any intereat payable to the Leasee, but the depositary shall be
prohibited Prom paying such funds to ar~yone other than the appro-
priate taxing authority except upon the written consent of the
Lessor. The Lessee ahall so deposit one-twelfth (1/12) of the
current annual taxes, or those of the precedirig tax year if the
current taaces have not then been Pi~ced, on the first day of each
month in advance, except that all additional funds required Por i
- any payment shall also be deposited on the first day of the final
month during which or at the end of which a payment is due ar~d
payable without interest or penalty, and during which the maxi-
mum discount Por early payment is allowable under the law. Not-
withstanding the forego3ng, at such time as the I~esaor may first
require the Lessee to make such deposits, the first deposit made
by the Lessee ahall be i» an amount sufficient to create a bank
balance equal to what it: tvc~ulci Y-.avF been r~ac the Lessor required
the first such monthly deposit to have been made on the Pirat day
of the aanth imnediately succeeding the month during Nhich the
tax could have been paid with the ~maximum percnisaible discount
for early payment allowed under the law.
8. Insurance Premiums and Utilities. Lessee covenants and
agrees tha s a pay pre ums or a insurance po li ci es whi ch
the Lessee is obli ated to carry under the terms oP this Lease not
less than fifteen ~15) days prior to the date upon which the saine
shall become due, arxi that it will exhibit to the Lessor prooP oP
such payment within ten (10) days after making payment. The Lessee
shall further make all necessary deposits in connection with and
pay all bills and charges i'or gas, electricity, light heat, power,
and telephone or other communicat2on service, and for all other
utilities used, rendered or supplied on or in connection with the
Demised Premiaee, and $hall indemani2~r the Lessor againat ar~r lia-
_6- BOOK1c75 PACE~~75~
LAW OiFIG[i OF GOLDfTE1N. FRANKIIN, CHONIN Q SGHRANK, p. A.. 2020 NORTHEAST tOJ~D STREET. NORTH MIAMI 0[ACH, FLORIpA 93162
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