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STATE OF NORTH CAROLINA <br /> ORANGE COUNTY LEASE <br /> THIS LEASE made and entered into this the 3C-') day of <br /> , 1995, by and between ORANGE COUNTY, NORTH CAROLINA, <br /> ereinafter referred to as "County" and the INTER-FAITH COUNCIL FOR <br /> SOCIAL SERVICE, INC. , hereinafter referred to as "IFC" ; <br /> WITNESSETH <br /> County hereby agrees to lease the property described <br /> below to IFC upon the following terms and conditions: <br /> 1. The Property: The property herein leased is a tract and <br /> parcel of land, together with all improvements located thereon, <br /> hereafter "the premises" or "the leased premises, " located in <br /> Chapel Hill Township, Orange County, North Carolina and more <br /> particularly described as follows: <br /> that certain tract and parcel of land located in the Town of <br /> Chapel Hill, Orange County, North Carolina identified as 3 .497 <br /> acres of "gross land area" and containing 3 .000 acres of "net <br /> land area" on the Ballentine & Riley Surveyors plat of survey <br /> titled "Lease Boundary Survey for Project Homestart, Property <br /> of Orange County, Chapel Hill Township, Orange County, N.C. , " <br /> which plat is recorded at Plat Book , Page of the <br /> Orange County Registry. The leased premises is subject to the <br /> utility and right of way easements, existing and proposed, <br /> shown on the recorded plat referred to here and such other <br /> easements, utility and otherwise, as exist of record and <br /> prescriptively. <br /> 2 . The Lease. The Lease will commence on July 1, 1995 and <br /> unless sooner terminated as herein provided shall exist and <br /> continue for a term of twenty-five (25) years thereafter. <br /> 3 . Rental. The rental for the use of said premises shall be <br /> the sum of ONE DOLLAR ($1.00) per year, payable on or before each <br /> 1 <br />