Orange County NC Website
9 <br /> 1. Delinquency in the due and punctual payment of any rent or additional rent <br /> payable under this lease when such rent shall become payable, for a period of five days <br /> after the due date. <br /> 2. Delinquency by the Tenant in the performance of or compliance with any <br /> of the conditions contained in this lease other than those referred to in the foregoing <br /> subparagraph 1,for a period of 30 days after written notice thereof from the County to <br /> the Tenant,except for any default not susceptible of being cured within such 30-day ti <br /> period, in which event the time permitted to the Tenant to cure such defauli shall be <br /> extended for as long as shall be necessary to cure such default, provided the Tenant <br /> commences promptly and proceeds diligently to cure such default, and provided further <br /> that such period of time shall not be so extended as to jeopardize the interest of the <br /> County in this lease or so as to subject the County to any civil or criminal liabilities. <br /> 3. Filing by the Tenant in any court pursuant to any statute, either of the <br /> United States or any state, or a petition in bankruptcy or insolvency or for <br /> reorganization, or for the appointment of a receiver or trustee of all or a portion of the <br /> Tenants property,or an assignment by the Tenant for the benefit of creditors. <br /> 4. Filing against the Tenant in any court pursuant to any statute, either of the <br /> United States or of any state, of.a petition in bankruptcy or insolvency, or for <br /> reorganization, or for appointment of a receiver or trustee of all or a portion of the <br /> TenanVs property, if within 180 days after the commencement of any such proceeding <br /> against the Tenant such'petition shall not have been dismissed. <br /> B. Upon the expiration or_ termination of this lease, the Tenant shall'peacefully <br /> surrender-At.)e leased property to.-the County, and the County,-upon or at any time after <br /> such expiration or termination may, without further notice, reenter-!he leased property <br /> and repossess it by force, summary proceedings, ejectment, or otherwise, and may <br /> dispossess the Tenant and-remove the Tenant and all other persons and property from <br /> the leased property and the right to receive all rental income therefrom. <br /> C. At any time after such expiration, the County may rel6t the leased property or any <br /> part thereof, in the name of the County or otherwise for such term (which may be <br /> greater or less than the period which would otherwise otherwise, <br /> -constituted the balance of <br /> the term of this lease) and on such conditions (which may include concessions or free <br /> rent) as the County, in its uncontrolled discretion, may determine, and may collect and <br /> receive the rent thereof. <br /> D. No such expiration of'this lease shall relieve the Tenant of its liability or obligations <br /> under this lease, and such liability and obligations shall survive any such expiration. In <br /> the event of any such expiration,whether or not the leased property or any part any part <br /> thereof shall have been relet,the Tenant shall pay to the County the rent and additional <br /> rent required to be paid by the Tenant up to the time of such expiration, and thereafter <br /> the Tenant, until the end of what would have been the term of this lease in the absence <br /> of such expiration, shall be liable to the County for, and shall pa y to the County, as and <br /> for liquidated and agreed current damages for the Tenants default: <br />