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6 <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE LEASE AGREEMENT <br /> THIS LEASE AGREEMENT, made and entered into as of the 20th day of February, 1996, by and <br /> between DEVISEES OF ORVILLE B. CAMPBELL, hereinafter referred to as "Landlord", and County <br /> of Orange, North Carolina , hereinafter referred to as "County". <br /> WITNESSETH: <br /> THAT FOR and in consideration of the mutual covenants and conditions hereinafter set forth, the <br /> parties hereto do hereby agree as follows: <br /> 1. Premises. Landlord does hereby lease and let unto County and County does hereby <br /> accept as County those certain premises designated as 503 West Franklin Street, Chapel Hill, <br /> Orange County, North Carolina, as more particularly shown on EXHIBIT A-1 and A-2 appended <br /> hereto ("Premises"). The floor plan dimensions of the Premises equals 13,232 square feet. It is <br /> understood and agreed that parking which is adjacent to the building and also described in Exhibit <br /> shall be for the exclusive use of the County. <br /> 2. Acceptance of Premises. County accepts the Premises in its present condition, not <br /> withstanding any modifications agreed to by the Landlord and,County as cited in EXHIBIT <br /> The Landlord shall be responsible for insuring that the heating and air conditioning systems are in <br /> good operating condition; the exterior walls and roof, the lighting system (excluding such additions <br /> as may be required for County's particular business operation) and the parking area and sidewalks <br /> are in good repair on the date of commencement of the lease term. Landlord represents and <br /> warrants to County that he hold unencumbered fee title to the lease premises. <br /> 3. Term. This lease shall commence on March 1, 1996 ("Commencement Date") and shall <br /> continue for a term of five years, which shall end on February 28, 2001, unless sooner terminated <br /> as herein provided. County shall have an option to renew this lease for one additional term of five <br /> (5)years. County shall give Landlord notice of its intent to renew this lease during the last year of <br /> the term or any renewal thereof but in no event shall such notice be given later than ninety(90) days <br /> from the end of said term. <br />