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645 N Walnut Ave. <br />Commercial Lease concerning: New Braunfels, TX 5Q.6b6__7 8130 <br />providing written notice to Tenant may require Tenant to pay subsequent amounts that become due <br />under this lease in certified funds. This paragraph does not limit Landlord from seeking other remedies <br />under this lease for Tenant's failure to make timely payments with good funds. <br />G. Late Charges: If Landlord does not actually receive a rent payment at the designated place of payment <br />within 5 days after the date it is due, Tenant will pay Landlord a late charge equal to 5% of the amount <br />due. In this paragraph, the mailbox is not the agent for receipt for Landlord. The late charge is a cost <br />associated with the collection of rent and Landlord's acceptance of a late charge does not waive <br />Landlord's right to exercise remedies under Paragraph 20. <br />H. Returned Checks: Tenant will pay $ 30.00 (A_ __ for each check <br />Tenant tenders to Landlord which is returned by the institution on which it is drawn for any reason, plus <br />any late charges until Landlord receives payment. <br />5. SECURITY DEPOSIT: <br />A_ Upon execution of this lease, Tenant will pay $ 3l 000.00 - to Landlord as a security <br />deposit. <br />B. Landlord may apply the security deposit to any amounts owed by Tenant under this lease. If Landlord <br />applies any part of the security deposit during any time this lease is in effect to amounts owed by <br />Tenant, Tenant must, within 10 days after receipt of notice from Landlord, restore the security deposit to <br />the amount stated. <br />C. Within 60 days after Tenant surrenders the leased premises and provides Landlord written notice of <br />Tenant's forwarding address, Landlord will refund the security deposit less any amounts applied toward <br />amounts owed by Tenant or other charges authorized by this lease. <br />6. TAXES: Unless otherwise agreed by the parties, Landlord will pay all real property ad valorem taxes <br />assessed against the leased premises. <br />7. UTILITIES: <br />A. The party designated below will pay for the following utility charges to the leased premises and any <br />connection charges for the utilities. (Check all that apply.) <br /> N/A Landlord Tenant <br />(1) Water <br />(2) Sewer ? ? d <br />(3) Electric ? ? <br />(4) Gas ? ? x <br />(5) Telephone [d ? <br />(6) Trash ? ? x <br />( Cable ? ? <br />8 ? ? <br />(9) All other utilities ? ? a <br />B. The party responsible for the charges under Paragraph 7A will pay the charges directly to the utility <br />service provider. The responsible party may select the utility service provider except that if Tenant <br />selects the provider, any access or alterations to the Property or leased premises necessary for the <br />utilities may be made only with Landlord's prior consent, which Landlord will not unreasonably withhold. <br />If Landlord incurs any liability for utility or connection charges for which Tenant is responsible to pay and <br />Landlord pays such amount, Tenant will immediately upon written notice from Landlord reimburse <br />Landlord such amount. <br />(TAR-2101) 5-26-06 Initialed for Identification by Tenant: V__ and Landlord: Page 4 of 14 <br />Produced w*h zipForm(S) oy zip ugix 1607) Fit een MJp Read, Fraser, Mich gar 48026 yvvrov z ^Loeix.cem City orsan iL(a