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LEASE AGREEMENT <br />• 7 <br />THIS LEASE AGREE?~TENT, made and entexed into the 1st day <br />of October, 1974, by and bett~reen ALDER,'"TAN-250 CORPORA IOi , a <br />Virginia coxporatioii wa.th its principal place of business in the <br />City of Charlottesville, Virginia, and domesticated and authorized <br />- to do business in the State of North Carolina and operating <br />EASTGATE SHOPPING GENTER in the City of Chapel Hi11, North <br />_ Catalina, (hereinafter called "LANDLORD"), and ORANGE COUNTY', a <br />body corporate, (hereinafter called "TENANT"). <br />jdITNES SETH <br />L.4Iv'DLORD hereby leases to TENANT and TENANT hereby takes <br />and hires from LANDLORD the PREMISES described, fox the TERM <br />set forth, at the RENT stated, and which PREMISES shall be occu- <br />pied and used by TENANT only far the PURPOSE described in the <br />schedule hereto annexed, made a part hereof, and narked "SCHEDULE <br />A", and in consideration of which LANDLORD and TENANT, except. as <br />may be otherwise expressly provided in "SCHEDULE A" ar by other <br />wxitten agreement expressly identified and xefexred to in "SCHEDULE <br />A", covenant anal agree as follows: <br />FOSSESSION 1. TENANT shall have possession of the demised <br />premises on October 1, 1974. In the event tha~C <br />' by.reasan of the holding over of a prior occupant <br />" ar fax any other cause beyond the control of LAND- <br />-LORD the latter shall be unable to give TENANT <br />-possession of the PREMISES on the date .herein <br />provided then LANDLORD shall not be liable <br />- ~ in damages to TENANT by reason thereof and during } <br />the period that LANDLORD shall be unable to give <br />TENANT possession all rights and remedies of <br />both parties hereunder shall be suspended.' <br />DEFINITIQNS 2. As used herein, except only where the context <br />requires a different meaning, the ward "PREMISES" <br />shall mean and refex to. the demised premises <br />described or identified in "SCHEDULE A"; "BUILDING" <br />' shall mean and refer to the structure in 'which <br />such "PREMISES" are located, and the team "SHOPPING <br />.;CENTER" shall. mean and refer to the land and the <br />_ iutprovements located in the City of Chapel Hill, <br />_ North Carolina, and being more particularly <br />described as follows: - <br />Beginning at a highway monument located -. <br />in the southern right-of-way line of U.S. <br />Highway 15A-501A, the northeastern corner of <br />the Crowell Little Motor Company property; <br />thence along and with the southern ri~ht-af- <br />way line of said highway North 65° 00 East <br />" 280.1~r feet to a stake; thence continuing the <br />said right-of-way North 54° 50' East 189.40 feet <br />