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Book 2065 Page 0529 <br /> of the property described herein, subject to the terms of this <br /> lease agreement; <br /> W I T N E S S E T H <br /> The Owner hereby agrees to lease the property described <br /> below to the County and the County agrees to the termination of <br /> the leases described below all upon the following terms and <br /> conditions : <br /> 1 . The lease of the Saddle Club Road property described <br /> in the lease agreement recorded at Book 1357, Page 171 of the <br /> Orange County Registry is terminated effective December 1, 1999 . <br /> 2 . The lease of the High Rock Road property described in <br /> the lease agreement recorded at Book 702 , Page 584 of the Orange <br /> County Registry is terminated at 11 : 59 : 59 on the date prior to <br /> the effective date of the lease of the paragraph 3 property. <br /> 3 . The Property. The property herein leased is a tract <br /> and parcel of land, together with all improvements located <br /> thereon, located in Cedar Grove Township and Cheeks Township, <br /> Orange County, North Carolina and more particularly described as <br /> follows: <br /> BEGINNING at a point on the east right of way line of High <br /> Rock Road (SR 1340) which point is designated on the plat <br /> hereinafter identified as -iron to be set" and which point <br /> is further approximately 2 , 660 feet from the intersection <br /> of High Rock Road and Mill Creek Road, running thence the <br /> following courses and distances : <br /> N 370 551 211 E 278 . 951 to a point labeled on the plat <br /> hereinafter referred to as "iron to be set; " thence N 770 <br /> 2 <br />