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HomeMy WebLinkAbout2892 ' . ' . therewith, from the monies deposited by the Lesaee, as aforesaid, and ahall return any remainit~g aums to the Lesaee vrithout inter- est. If at any time during the course of such contest proceed- ings• it ahall appeAr to the Leasor that the amount deposited by the Lessee ie or may be insufficient to pay in full the arrAUnt ~ ~ ~ --of _ the_ tax_tind asses3ment, together with-all--intereat,- pena~t~es- - - - and other charges which may be incurred by reason of~the contest . proceedings, or if at the t~rmination of such proceedings it ' shall or m~sy appear that the amount deposited by the Lessee is it~- 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 aums as the Lessor may reasonably request, and upon fail- ~ ure of the Lessee to do so within thirty (30) days of demand . therefor the arr~unt theretofore deposited with the Lessor may be applied to the payment, .removal and discharge oi' ar~y then pending and contested tax or assessment, and any delinquency shall be treated as unpaid rent. The Lessor, at the Lessee~s sole expenae, , . ahall ~oin in any such proceedings if any law shall so require. _ . d. T2-~e Lessee may, if it shall_ so desire, erxieavor at any time to contest the validity of any assessment, or to obtain a lowering of the assessed valuation -upon the Demised Premises for ' the purpose of reducing any assessment. In suctr 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 any expense or liability thereby, ' ~ the Lessor will execute any docurnents which may be necessary and proper for any such proceedings . Any ref~ind s shall be the prop- . •-J~-- ~~~erty of the ~Lessee tn the- extent -to which it may be based on a payment of an asaessment made by the Lessee. ' e. The Lessor may at any time require the Lessee to depos- ` it i'unda for the payment of cur~ent taxes and assessments on the ~ Demised Premises in a bank or trust company selected by the Les- ; . ~ sor. Such funds shall be held in the name of the Lessee, wi~h ~ . any interest payable to the Lessee, but the depositary shall be ~ prohibited from paying such funds to anyone other than the appro- ~ priate taxing auth9rity except upon the written consent of the e ~ Lessor. The Lessee shall so deposit one-twelfth (1/12) of the ~ - current annual taxes, or those of the precedirag tax year if the ~ current taxes have not then been fixed, on the first day of each ~ . month in advance, except that all additional funds required for ' . • any payment shall also be deposited on the first day of the final ~ ~ month during whieh or at the end of which a payment ia due and ~ payable without interest or penalty, and during which the maxi- ~ ~ mum discount for early payment is allowable under the law. Not- ~ - . withstanding the f'oregoing, at such time as the Lessor may first ~ ~ require the Lessee to make such deposits, the first deposit made ~ . , by the Lessee shall be in an amount sufPicient to create a bank ~ ~ balance equsl to what ii: jv~u~_ci Y:avE been Y,ac the Lessor required ~ the first such monthly deposit to have been made on the first day ~ of the month irr~nediately succeeding the month during which the tax could have been paid with the maximum permisaible discount ~ ;z Por early payment allowed under the law. ' ~ 8. Insurance Premiums and Utilities. Lessee covenants and ~ agrees tha s a pay pre ums or a insurance policies which " the Lessee is obli ated to carry under the terms of this Lease not less than fiPteen g15) days prior to the date upon which the same shall become due, arxi that it will exhibit to the Lessor proof of such payrnent within ten (10) days after makit~g payment. The Lesaee shall i'urther make all necessary-deposits in connection with and ~ pay all bills and charges Por gas, electrieity, light heat, powe r, and telephone or other communication service, and for all other ~ utilitiea uaed, rendered or supplied on or in coru~ection with the ~=~x Demlaed Premiaea, and shall inde~l2~r t2~e Lesaor agaSnst ar~y lla- . ;"5 :=~2 ~ . ~ -6- 600K ~t7~ PAGE2~~ LJ1W O/lICEG 0/ GOLDSTEIN, iRANK~.IN~ CMONIN ~ iCMMNK. r.A.. 2020 NORTHEA~ ~O~~o iTqE[T. NOI~TM MIAMI BEACN, i+~GR;ot 3+^~.