Orange County NC Website
14 <br />10. If NCHFA succeeds to the interest of Tenant under the Lease, either by foreclosure or <br />deed /assignment in lieu of foreclosure, Landlord will recognize NCHFA as the tenant under the Lease. <br />11. Landlord shall not agree to a termination or modification of the Lease without NCHFA's prior written <br />consent. NCHFA (or any successor transferee in the event of a foreclosure or deed /assignment in lieu of <br />foreclosure) will not be bound by any modifications to the Lease made without NCHFA's written <br />consent. <br />12. The provisions of NCHFA's loan documents shall control distribution of any proceeds or awards <br />made to Tenant or regarding the Premises in the event of a casualty or condemnation. <br />13. By signing below, the Landlord acknowledges receipt and approval of the Modification of Promissory <br />Note, Deed of Trust and Declaration by and between Tenant and NCHFA. <br />14. The individual signing below is authorized to execute this Estoppel Certificate and Standstill <br />Agreement on behalf of Landlord. <br />IN WITNESS WHEREOF, Landlord has caused this instrument to be executed by authority duly given. <br />LANDLORD: <br />ORANGE COUNTY, NORTH CAROLNA <br />Print Name: <br />Title: <br />STATE OF NORTH CAROLINA <br />I, <br />COUNTY <br />a Notary Public of the County and State aforesaid, certify that <br />personally appeared before me this day and acknowledged that s /he is the <br />of , a North Carolina limited liability <br />company, and that by authority duly given and as an act of <br />on behalf <br />of , the foregoing instrument was signed under seal in its name. <br />Witness my hand and official stamp or seal, this day of , 20 <br />Notary Public <br />