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54 <br />Appendix E <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />LEASE AGREEMENT <br />THIS LEASE AGREEMENT ( "Lease "), made and entered into as of the last date set <br />forth in the notary acknowledgments below (the "Effective Date "), by and between HABITAT <br />FOR HUMANITY, ORANGE COUNTY, N.C., INC., a nonprofit corporation registered in <br />North Carolina, hereinafter referred to as "Lessor" and ORANGE COUNTY, a political <br />subdivision of the State of North Carolina, hereinafter referred to as "Lessee." Lessor and Lessee <br />are at times collectively referred to hereinafter as the "Parties" or individually as the "Parry." <br />WITNESSETH: <br />WHEREAS, the board of directors of Habitat for Humanity, Orange County NC, <br />Incorporated ( "Habitat ") has authorized and approved the execution of this Lease for the <br />purposes herein specified; and <br />WHEREAS, the execution of this Lease for and on behalf of Lessor has been duly <br />approved by Habitat at a meeting held in the City of North Carolina, on the day of <br />, 2013; and <br />WHEREAS, the Parties have mutually agreed to the terms _of this Lease as hereinafter set <br />forth. <br />NOW, THEREFORE, in consideration of the Premises, as described herein, and the <br />promises and covenants contained in the terms and conditions hereinafter set forth, Lessor does <br />hereby rent, lease and demise unto Lessee, for and during the term and under the terms and <br />conditions hereinafter set forth, that certain Premises, with all rights, privileges and <br />appurtenances thereto belonging. <br />THE TERMS AND CONDITIONS OF THIS LEASE ARE AS FOLLOWS: <br />1. Premises. The "Premises" shall consist of that certain parcel or tract of land lying and <br />being in the Township, Orange County, North Carolina, containing acres, <br />more or less, being more particularly shown and described on Exhibit A, attached hereto and <br />incorporated herein by this reference and having PINS and <br />2. Term. The term of this Lease shall commence on the Effective Date, and unless sooner <br />terminated, extended, or renewed as provided herein, shall expire on the twentieth (20ffi) <br />anniversary of the Effective Date at 2400 hours (the "Term "). <br />3. Rent. Lessee shall pay to Lessor as rental for the Premises the sum of ONE DOLLAR <br />($1.00) for the Term. <br />