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,t 2.3 Expiration Date. The date on which lhis Lease expires under the terms ol'Sections 2. I or 2.2 shall be the "F-xpiration Date," 3. RENT: Initial rcnt for thc LEASE will be $00. l6 pcr squal€ foot (7,396.60 sq. ft.) per year fbr an arrnual total of $ I , 183.50 to be paid anntially. Duc Date : Annual rcnt payments shall be payable in advance and due on or before LEASE anniversary date of lst of Novernber each year during tlre TtsRM of this LEAStl. Monthly payments can be made. 3.1 Payment: Any amount dr.re in connection with this Lease shall be due without prior notice or dcmand, except when notice is necessary to make Lessee aware of atr amount due, and shall be paid without offset, abatement, or deduction. Lessor shall first apply any sum paid to past due rcnt (beginning the most recent amount due), including late fbes and interest as provided herein. No statement on any check or elsewhere shall be deemed to create an accord and satisfaction. Lessor nray accept any payment (including but not lirnited to, past due amounts and related charges) without prejudice to Lessor's rights to any default under this Lease. If any check paid on behalfofLessce is dishonored by a bank, Lessee shall pay all chargcs that the bank may assess to Lessor plus a service charge of Fifty Dollars (550.00) per occulrence. Lessee shall rnake payments to Lessor at the address set forth in Section 13.7 (or such other address as Lessor may designate in writing from time to lime. 3.2 Past Duc Amounts: 3.2.1 Annual Rental Payments: lf Lessee fails to pay the annual rent when due under this Lease, such unpaid amount shall bear interest at the rate of rwelve percent (12%) pcr annum frotn the due date of such amount to the date of payment in full, with interest. 3.2.2 Monthly Rental Payments: If Lessee fails to pay the montlrly rental payment when due under this Leasc, such unpaid amount shall bear interest at the rate of fwelve percent (12%) from the due date of such amount to the date of payment in full, with interest. 2LESSEEgm I,ESSO II If