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25. TIME: Time is of the essence oF this ].ease. <br /> <br /> 26. HEIRS, ASSIGNS, SUCCESSORS: This lease is binding upon <br /> and ir~ures to the benefit of heirs, assigns and successors in <br /> interest to the parties. <br /> <br />~XXXX~X~XXM~~X~M~~~~~~ <br /> <br /> 28. OPTION TO RENEW: F'revided that Lessee is not in default <br /> in the performance of this lease, Lessee shall have the optior~ to <br /> renew the lease ~or an additional ~_0..~.. years, commencing at the <br /> exOiration o~: the initial lease term. All of the terms ar'~d <br /> cc~ndi tions ,:~-J: the ].ease shal 1 apply dur~.ng the renewal term <br /> except that the monthly rent shall be r'enegotiated at mar'ket <br /> rents. <br /> <br /> lhe option shall be exercised by written notice given to Lessor <br /> not less than 60 da'~s prior to the expiration o'F the initial <br /> }.ease term. If: notice is not given in the manner provided herein <br /> wi~zhin the time specified, this option shall expire. <br /> <br /> 29. SERVICE CHARGE: In the event lessee fails to pay rent by <br /> the 'Sth o~: eac:h month, a $25,,00 fee will be c:harged for late <br /> processing r'~c~tification service. Also there will be a $25.00 <br />c~harge for r-eturned c::hec:ks. In addition, a one and one half per <br />cer~t ( 1 1/2 % ) per" month interest charge will be charged on any <br />r'ent 30 days past due. <br /> <br />i50. PAYMENT OF UTILITIES: Lessee agrees to pay Tot all the <br />water, ~uel, gas, oil, heat, electricity, power, .materials and <br />services which may be furnished to or used in or about said <br />premises during the term of this Lease and to keep the same ~ree <br />and cJ. ear of any lien or incumbrance or' any kind whatsoever <br />created by Lessee='s acts or omissions. <br /> <br />~xxxxxx~~~~x~~~~~xx~~ <br />~xxm~~~~~~~~x~~xM~x~x~~.~ <br />~'~x~xx~xX~X~~~~x~M~xx~-~ <br /> <br />~x~~x~x~~~~.M~xxMx~~x~x~~ <br />t~X~'x~~~~M~x~x~xxx~ <br /> <br />~x~.~xx~.~~x~x~x~~x~xx~~xx~M~ <br /> <br />~xx~x~~xi~x~~~M~x~i~x~x~xM~ <br />Z ~~ ~xx ~xxxxx~~ x x <br /> <br /> 6 <br /> <br /> <br />