Orange County NC Website
l~ <br />17. Condemnat_io_n. In the event the whole or any part of the Building <br />shall be taken by eminent domain or in any manner for public use, the Lessor <br />may at its option terminate to such Lessee and upon the giving of such writ- <br />ten notice by Leeaor the estate hereby granted and all rights hereunder <br />shall expire as of the earlier of the date when title to or the right to <br />possession of the Building or a part thereof shall vest in or be by public <br />authority as aforesaid and any rent paid for any period beyond said date <br />shall be repaid to Lessee. Lessee shall not be entitled to any part of any <br />award or payment which may be paid to Lessor or made for Lessor's benefit in <br />connection with such public use, and Lessee shall have no claim or rights as <br />against Lessor for the value or any unexpired term of this lease. It is <br />provided, however, that the widening of streets abutting the land on which <br />the Building stands shall not affect this lease, provided that no part of <br />the Building is eo taken and provided that no part of the parking Lot is <br />taken which would render the remaining parking area insufficient for zoning <br />purposes. <br />18. Subordination. Lessee agrees that this lease is and shall remain <br />subject and subordinate to and may be assigned as security for a~ preaeat <br />and all future ground leases or underlying leases of the Building or of the <br />real property upon which the Building is located and to and for all mort- <br />gages or deeds of trust which may now or hereafter affect such leases or the <br />Building or the real property upon which the Building is located and to and <br />for all renewals, modifications, consolidations, replacements and extensions <br />thereof. This clause shall be self-operative and no further instrument <br />shall be necessary to effect such subordination, however, Lessee shall exe- <br />cute promptly and deliver to Leeaor any such certificate_or certificates in <br />writing as Lessor may request evidencing the subordination of this lease to <br />or the assignment of this lease as additional security for such ground <br />lease, underlying lease, mortgage or deed of trust and Lessee hereby consti- <br />tutes and appoints Lessor as Lessee's attorney-ia-fact coupled with as in- <br />terest to ezecute any such certificate, certificates or assig~ent on <br />Lessee's behalf in default of ouch execution by Lessee. In the event the <br />Building or the real property upon which the Building is located or a lease- <br />hold interest is the Building or the real property upon which the Building <br />is located is sold pursuant to a court order in any foreclosure proceeding <br />or is sold pursuant to a power of sale contained in any mortgage or deed of <br />trust, the Lessee agrees to ezecute an attor~ent agreement with such pur- <br />chaser not in conflict herewith at the request of such purchaser. <br />19. Notices. A~ notice or demand which by any provision of this agree- <br />ment is required or alloyed to be given by either party to the other shall <br />be deemed to have been sufficiently given for all purposes when made in <br />writing and sent in the United States mail as certified or registered mail, <br />postage prepaid and addressed (a) if to Lessee, to the suite number of the <br />Leased Premises at the Building and (b) if to Leeaor, to the office of the <br />Building Kanager at the Building or to such other place as Lessor may from <br />time to time designate in a notice to Leaaee. Lessee hereby appoints as <br />its agent for service or process in all diapoesesao,ry distraint and summary <br />ejectment proeeediags which may be brought against it by Lessor, asry person <br />occupying the Leaned Premises, provided that if no person is occupying the <br />Leased Premises, then Lessee agrees that such service may be made by attach- <br />ment thereof to the main entrance to the Leased Premises. <br />20. Building.R_ules sad Regulations. The Leaaee has read the rules and <br />regulations hereto attached and made a part hereof and hereby agrees to <br />abide by and conform to the same and to such further rules and regulations <br />as the Leeaor may from time to time make or adopt for the care, protection <br />and bensfit of the Building or the general comfort and welfare of its occu- <br />pants. The Lessee further agrees that the Lessor shall have the right to <br />waive any or all of such rules in the case of say one or more lessees in <br />the Euilding without affecting the Lessee's obligations under this lease and <br />said rules and regulations, provided that any waiver shall not impair <br />Lessee's quiet enjoyment of the Leased Premises, and that the Leeaor shall <br />