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LEASE ATTACHMENT 4 <br /> 108 �► <br /> This lease agreement, dated the 1st day of December, 1987, by and between <br /> the County of Orange, hereinafter called the County, and Seisin In Law, <br /> hereinafter called the Landlord. <br /> Witnesseth: <br /> The landlord hereby leases to the County and the County hereby leases <br /> from the Landlord, the following described property, sometimes herein- <br /> after referred to as the Leased Premises to-wit: <br /> Sawyer Building: the property conveyed to the Landlord in the deed <br /> recorded as Book 449 Page 149 of the Orange County Registry; and <br /> Collins Building: The entire second floor together with the <br /> stairway and entranceway located on the north side of the property <br /> described in the deed to B. Kenneth and wife Doris S. Collins, <br /> recorded at Book 316 Page 634 of the Orange County Registry. <br /> 1. Term: the term shall commence on the 1st day of December, 1987 and <br /> shall end on the 30th day of November, 1992, on the terms and <br /> conditions set forth herein. <br /> 2 Use & Possession: It is understood that the leased premises are to <br /> be occupied by Orange County Departments or organizations and <br /> agencies to which the County provides financial or in-kind support <br /> for general office purposes. The County at the expiration of the <br /> term, shall deliver up the leased premises in good repair and <br /> condition, damages beyond the control of the County, reasonable <br /> use, ordinary decay, wear and tear excepted. <br /> 3. Rent: <br /> a. ) The County agrees to pay to the Landlord the monthly rental, in <br /> advance, on the first day of each and every month. Rent shall <br /> be paid to the Landlord at such location as is designated in <br /> writing. <br /> b. ) Rental Schedule: <br /> 1st year 40, 688 per year 3391.50 per month <br /> 2nd year 40,688 per year 3391.50 per month <br /> 3rd year 42,733 per year 3561. 08 per month <br /> 4th year 44, 870 per year 3739.17 per month <br /> 5th year 47, 113 per year 3926. 08 per month <br /> 4. Notices: For the purpose of notice or demand, the respective <br /> parties shall be served by certified or registered mail, return <br /> receipt requested, addressed to the County or the Landlord at their <br /> respective office address, as set forth herein: <br /> To County: Orange County <br /> Department of Purchasing and Central Services <br /> 300 West Tryon Street <br /> Hillsborough, NC 27278 <br /> To Law Firm: Seisin In Law <br /> PO Box 1529 <br /> Hillsborough, NC 27278 <br />