Orange County NC Website
4 <br /> 5. NOTICES: For the purpose of notice or demand, the respective parties shall be served by <br /> certified or registered mail, return receipt requested, addressed to the County or the <br /> Landlord at their respective office address, as set forth herein: <br /> To County: Orange County <br /> Department of Purchasing and Central Services <br /> PO Box 8181 <br /> Hillsborough, NC 27278 <br /> To Landlord: Hillsborough Savings Bank <br /> Attn: Mr. Tyson Clayton <br /> 260 S. Churton Street <br /> Hillsborough, NC 27278 <br /> or at such other address as may hereafter be designated in writing by either party hereto. <br /> The time and date on which mail is postmarked shall be the time and date on which such <br /> communication is deemed to have been given. <br /> 6. COVENANT OF TITLE: The Landlord covenants, represents and warrants that it has full <br /> right and power to execute and perform this Lease. If at any time during the term hereby <br /> demised the title of the Landlord shall fail or it shall be discovered that the Landlord's title <br /> does not permit the Landlord to grant the term hereby demised, the County's remedy, which <br /> shall be exclusive of all other remedies, shall be: <br /> 1.) annul and void this lease and <br /> 2.) the Landlord shall indemnify and hold the County harmless against any claims for <br /> rents resulting from title claim. <br /> 7. ASSIGNMENT AND SUBLEASE: The County agrees not to encumber or assign this <br /> lease or sublease all or any part of the Leased Premises without the written consent of the <br /> Landlord, which consent shall not be unreasonably withheld. Such assignment shall in no <br /> way relieve the County from any obligations hereunder for the payment of rents or the <br /> performance of the conditions and provisions of this lease. <br /> 8. QUIET ENJOYMENT: The Landlord agrees that the County upon paying the stipulated <br /> rental and keeping and performing the agreement and covenants herein contained, shall <br /> hold and enjoy the Leased Premises for the term aforesaid, subject to the terms of this <br /> Lease. <br /> 9. RIGHT OF ENTRY: The County agrees that the Landlord or his designee shall have the <br /> right to enter the Lease Premises during normal business hours or any other time with <br /> consent of County. <br /> 10. INSURANCE: The Landlord shall provide Fire and Extended coverage insurance to the <br /> Leased Premises. Contents will be insured by the County; County shall also insure any <br /> improvements and betterments made by it to the Leased Premises to the insurable value <br /> thereof. Unless the parties hereto then agree otherwise, the proceeds collected upon all <br /> such policies of insurance shall be used to repair and/or replace the Leased Premises, <br /> improvements or betterments so damaged or destroyed, and such repairs or replacements <br /> shall be prosecuted promptly by both the Landlord and the County with insurance funds. <br />