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(c) Other Existing Encumbrances: The other
existing Encumbrances set forth on Exhibit B.
3. Rent. The Lessee shall pay to Lessor rent
for the Demised Premises * * * in an amount of One
Thousand Six Hundred and no/100 Dollars ($1,600.00) for
each month of the Term * * *. It is understood that
non-federal funds acquired by Lessee cannot be used to
make rental payments if funds from HHS are terminated.
* * * * * * *
5. Mortgages. Lessor has or may subject its
interests in the Demised Premises to liens of mortgages
thereon, and this Lease shall be subordinate to any
mortgage on Lessor’s interest in the Demised Premises
(the “Fee Mortgage”). * * *
6. Taxes and Utilities. Lessee shall, at its
cost and expense, bear, pay and discharge, on or before
the last day upon which the same may be paid without
interest or penalty for late payment thereof, all
personal property taxes, assessments, sewer rents,
water rents and charges, duties, impositions, license
and permit fees, charges for public utilities of any
kind, payments and other charges of every kind or
nature whatsoever, ordinary or extraordinary, foreseen
or unforeseen, general or special (collectively herein
“Impositions”) * * *.
The foregoing notwithstanding, the parties agree
that the Lessor shall be responsible, and shall pay
when due, all real property ad valorem taxes which may
be assessed against the Demised Premises (the “Taxes”).
The Lessee agrees to reimburse the Lessor, on an annual
or semi-annual basis, for the amount of such ad valorem
property taxes due for the Demised Premises. * * *
* * * * * * *
7. Asbestos Removal, Facility Repair and Re-
placement.
* * * * * * *
(b) Repairs and Replacement: Lessee accepts
the Demised Premises from Lessor in “as is” condi-
tion and Lessor shall not be required to make any
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Last modified: May 25, 2011