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l l-J 3 -apt q <br /> ESTOPPEL CERTIFICATE AND STANDSTILL AGREEMENT <br /> November 18,2014 <br /> For good and valuable consideration,ORANGE COUNTY,NORTH CAROLINA("Landlord")hereby <br /> makes the following certifications to and agreements with and for the benefit of North Carolina Housing <br /> Finance Agency("NCHFA") in connection with a$150,000.00 loan by NCHFA to Inter-Faith Council <br /> for Social Service,Inc., a North Carolina non-profit corporation("Tenant"),which is secured by a Deed <br /> of Trust encumbering Tenant's fee and leasehold interest in property which is located at 2505 Homestead <br /> Drive in the Town of Chapel Hill,Orange County,North Carolina and is known as Project Home Start <br /> (the"Project"): <br /> 1. Tenant and Landlord have entered into that certain Ground Lease("Lease")pertaining to the Project <br /> which is dated June 30, 1995. <br /> 2. The Lease is for the entire Project("Demised Premises"),including approximately 3.497 acres upon <br /> which the buildings of the Project are located. <br /> 3. The Lease has not been modified or amended except by the following documents(if none, so state): <br /> None. <br /> 4. The initial term of the Lease commenced on July 1, 1995, and shall expire on July 1,2020 .Tenant has <br /> the following option to renew or extend the term of the Lease(if none, so state):None. <br /> 5. The Lease,as it may have been modified or amended, contains the entire agreement of Landlord and <br /> Tenant with respect to the Demised Premises,and is in full force and effect. <br /> 6.As of the date hereof,Tenant is paying rent on a current basis under the Lease in the amount of$1.00 <br /> annually. <br /> 7. To the best of Landlord's knowledge,no default on the part of Tenant exists under the Lease in the <br /> performance of the terms, covenants and conditions of the Lease required to be performed on the part of <br /> Tenant. <br /> 8. Landlord has not received notice of any assignment,hypothecation,mortgage or pledge of Tenant's <br /> interest in the Lease or the rents or other amounts payable thereunder,except as follows(if none, so <br /> state):None. <br /> 9.Landlord agrees that it will send written notice of any defaults under the Lease to NCHFA at the same <br /> time that it sends such notice to Tenant and that notwithstanding the terms of the Lease,Landlord shall <br /> not pursue its remedies under the Lease for Tenant default without giving NCHFA such written notice <br /> and 10 business days to cure a monetary default and 30 days to cure a non-monetary default(or if such <br /> default cannot reasonably be cured within 30 days, a reasonable time to cure). If in NCHFA's reasonable <br /> estimation NCHFA needs to foreclose under its Deed of Trust,Landlord will give NCHFA time to <br /> complete such foreclosure before pursuing its remedies under the Lease. <br />