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4 <br /> NORTH CAROLINA <br /> - LEASE <br /> ORANGE COUNTY <br /> This lease agreement entered into this 21st day of May, <br /> 1991 by and between Annie D. Freeland of Hillsborough, Orange <br /> County, North Carolina, hereinafter referred to as Lessor and <br /> Orange County, North Carolina, 109 Court Street Hillsborough, <br /> North Carolina .27278 , hereinafter referred to as Lessee, <br /> W I T N E S S E T H: <br /> Lessor hereby agrees to lease the property described below to <br /> Lessee upon the following terms and conditions: <br /> 1 . The Property. The property herein leased is a tract <br /> and parcel of land, together with all improvements located <br /> thereon, located in Hillsborough Township, Orange County, <br /> North Carolina and more particularly described as follows: <br /> Beginning at an iron (control corner) in the West line of <br /> N.C. Highway 57 and a new corner of William G. and Annie D. <br /> Freeland; thence with the West line of N.C. Highway 57 North <br /> 20 deg. 00 ' 00" East 210 feet to a nail ; thence new lines <br /> with said Freelands North 70 deg. 00 ' 00" West 207 .43 feet to <br /> a stake in Strowd' s Creek (through an iron witness on bank) <br /> and South 20 deg. 00 ' 00" West 210 feet to an iron and South <br /> 70 deg. 00 ' 00" East 207 .43 feet to the point and place of <br /> beginning, containing 1 . 00 acre, and being Lot 1 according' to <br /> plat and survey of Alexander T. Davidson, R.L.S. , dated <br /> January 12, 1986 and entitled, "Property of William G. and <br /> Annie D. Freeland. " <br /> This is the same property conveyed to Lessor from <br /> by- deed recorded at Book Page <br /> of the Orange County Registry. <br /> 2. The Lease. The lease will commence April 1 , 1991 , <br /> and terminate March 31 , 1996 . Lessor or Lessee, however, may <br /> terminate this lease upon giving ninety ( 90 ) days written <br /> notice to the other. Lessee shall pay Lessor rent in the <br /> Page 1 <br />