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ORIGINAL SIGNATURES <br /> STATE OF NORTH CAROLINA Copy # <br /> COUNTY OF ORANGE DIST: � -'�� LEASE <br /> THIS LEASE, made and entered into as of the 1st day of June, 1997, by and between <br /> The County of Orange, hereinafter referred to as "County," and James P. Lilley d/b/a <br /> Jim Lilley Properties, hereinafter referred to as "Tenant;" <br /> WITNESSETH: <br /> THAT FOR and in consideration of the mutual covenants and conditions <br /> hereinafter set forth, the parties hereto do hereby agree as follows: <br /> 1. Premises. County does hereby lease and let unto Tenant and Tenant <br /> does hereby accept as Tenant those certain premises designated as Suite #106 of the <br /> Bentley Building, 501 Franklin Street, Chapel Hill, Orange County, North Carolina, as <br /> more particularly shown on EXHIBIT A appended hereto. Further, tenant shall have the <br /> use of three (3) parking spaces adjacent to the Bentley building in common with other <br /> tenants of the Building. <br /> 2. Acceptance of Premises. The Tenant represents that the lease property, <br /> the sidewalks and structures adjoining the same, any subsurface conditions thereof, <br /> and the present uses and nonuses thereof have been examined by the Tenant. The <br /> Tenant accepts the same in the condition in which they now are without representation <br /> or warranty, express or implied, in fact or by law, by the County, the nature, condition or <br /> usability thereof, or the uses to which the leased property may be put. Provided, <br /> County shall be responsible for insuring that the heating/air-conditioning system is in <br /> good operating condition; the exterior walls and roof, the lighting system (excluding <br /> such additions as may be required for Tenant's particular business operation) and the <br /> parking area and sidewalks are in good repair on the date of commencement of the <br /> lease term. County represents and warrants to Tenant that it holds unencumbered fee <br /> title to the lease premises. The County shall not be responsible for any latent defect or <br /> change of condition in such building, improvements and personality, and the rent <br /> hereunder shall in no case be withheld or diminished on account of any defect in such <br /> property, any change in the condition thereof, any damage occurring thereto or the <br /> existence with respect thereof of any violations of the laws or regulations of any <br /> governmental authority, except as hereinafter provided. <br /> 3. Term and Rental <br /> (a) This lease shall commence on June 1, 1997 and shall continue for a <br /> tefmT-ef—�(2) years, which ends on both dates inclusive, unless <br /> sooner terminated as herein provided. 9 <br /> (O �j <br />