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. . . . . . . . . . . I. Ie . . . e . . . . . . . . . . . I. . . . I. . . . . . . . . . . SIXTH: Time ~ of the essence with regard to the performance of Lessee's obligations under this Lease. Any of the following constitutes a default of this Lease by Lessee: i a. Failure to pay any installment of Rent, item of additional rent or other charge payable under this I Lea<;e on the applicahle payment date within keep at 5 days after the same is due hereunder. Lessee ~hall pay Lessor interest at the rate of eighteen percent (18%) simple interest per anQum (or if sljCh rate be illegal., at the maximum rate permitted by law, and any payment in excess of that which i8permittedby law shaH,.and be. deemffi tn be, an advnnce payment of base rent and shall be applied against the instaLLments of base rent next becoming due) on all payments due under tl~i~ Lease. that arc not made, on th~ date '..N:hen due, cca1culate.d D-01TI the date when due until paid in: full. Furthermore, Lessee agrees to pay all Lessor's costs and expenses (including reasonable attorneys' fees) incurred in connection with the collection of any Rent past rille. b. Failure to curee any other. default of Lessee's obligations under this r .ease for l1 perioo of I" O;JYs after notice specifying the nature of the default c. Vacation or ahandonment of the Premises d. l.essee files a voluntary petition in b:-mkmpfcy or is ~djllrlic"terl insn!vent or ~ b\inkrupt, or m<lKe5 an assignment for the benefit of creditors, or files a petition for relief under any applicable bankruptcy law, or consents to the appointment of a trustee or -receiver of all or any substantial part of its property; or e. Aninv9luntary petition under any applicable bankruptcy law is fiitxl against Lt:ssct; ano is nol vacated within thirty (30) days. The failure of Le.ssor to seek redress for violation of. or to inSIst upon the strict performance ot any covenant or condition of this Lease shall not prevent a subsequent act, which would have originally constituted a viol~tion frnm h~ving all the forc.e: and effect of an original violation. The receipt by Lessor of rent with ?<"Tlowiedge of the. breac~ of any covenant of this Lease-sharl oedeemed a waiver of such 'breach. No sllrrent1er of this Lease shaH be effec.tive without Lessor's written agreement to a.ccept such surrender. Nopa}'ment by Lessee, or receipt bv LeSSOL of a lesser arnount than the full Rent additional rent or payment obligation hereunder shall be deenled to be other than on account for the SUHl or stuns slipulaled hereunder, nor shaH any endorselnent or statement on any check or any letter accompanyi ng a payment by Lessee be deemed an accord and satisfaction and r .essor m~y ~ccept sllch check or p~ymenf with()lIt Dl1>.jlloke to t.essor's right to n~r()ve:r the hal~nce of <;1Ic:h rent. add1rional rent or other payrnent or pursue any other rernedy avaUa'b.(e to Less()f. t'\.J-,) \valver, on the part ofLessor~ its successors or assigns, of any default or breach by LcsSt'.~ of :my covenant, agreement or condition of this Lease ~haH he c~nstrued to be~a v,r~~jver 0(H~-e r~~ht~- of L,e::.:"cr as to ~p'l,,' rrio; or futut-e deffud! -Q.f hrenc,h -by L,e~~,~e - . . - SEVENTH: Lessee ~ees to pa.:y. all charges for rent, gas, electridty or other illumination, and for all , water lIseri on s~irl Prdmises, Sholllrl charl!es for rent light or water herein provirlerl for at ;mv time rem:lin due and unpaId for a period of 1.~(hiI1Y (3D) days after the san1e shaH have 'tteCOfile due, Lessor n-iay at. its option consider the said Lessee in default hereunder. ,