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Commercial Lease concerning: ‘477. ,t/. Wa/ko t c / V 77( `786 30 <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 Charms: 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-Date charge does not waive <br /> Landlord's right to exercise remedies under Paragraph 20. <br /> H. Returned Checks:Tenant will pay$ :2 Sr cls. (not to exceed$25)for each check <br /> Tenant tenders to Landlord which Is returned by the institution on which it is drawn for any reason, plus <br /> any late charges until Landlord receives payment. <br /> SECURITY DEPOSIT: <br /> A. Upon execution of this lease,Tenant wiN-pey$ a/reedy o roc e-4//Cerro 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 /> TAXES: Unless otherwise agreed by the parties, Landlord will pay all real property ad valorem taxes <br /> assessed against the leased premises. <br /> 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 /> (1) Water 0 Landlord Tenant <br /> (2) Sewer <br /> (3) Electric ❑ ❑ <br /> (4) Gas <br /> (5) Telephone O❑ ❑ 21 <br /> 0 <br /> (6) Trash <br /> (7) Cable ❑ ❑ <br /> (6) ❑ ❑ ❑ <br /> (9) All other utilities . ------..._..-.-.-..:-❑._.-....-------�---- - <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 /> • <br /> 1-2701)5-28-06 Initialed for Identification by Tenant IareS ,and Landlord: Page 4 of 14 <br /> Produced MM LpFamr"by RE FonnaNeh LLC 18070 Fifteen Mho Road,Fraser,Michigan 48026 gaggaigaggaggm b <br />