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PAGE 2 <br /> 2. USE AND POSSESSION: It is understood that the leased premises <br /> are to be occupied by Orange County Departments or organizations <br /> and agencies to which the County provides financial or <br /> in-kind support for general office purposes. The County <br /> at the expiration of the term, shall deliver up the leased premises <br /> in good repair and condition, damages beyond the control of the <br /> County, reasonable use, ordinary decay, wear and tear excepted. <br /> 3. RENT: <br /> a. ) The County agrees to pay to the Owner the monthly <br /> rental, in advance, on the first day of each and every month. <br /> Rent shall be paid to the Owner at such location as is designated <br /> in writing. <br /> B. ) Rental Schedule: <br /> 1st year $28,800 per year $2,400 p er month <br /> 2nd year $28,800 per year $2,400 per month <br /> year 3rd p <br /> 4th Y $28,800 per year $2,400 per month <br /> Year $30,528 per year $2,544 per month <br /> 5th year $32,360 per year $2,696.64 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 Owner 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 /> Hillborough, NC 27278 <br /> TO OWNER: Grey Moody <br /> 1200 Airport Road <br /> Chapel Hill, NC 27514 <br /> or at such other address as may hereafter be designated in writing <br /> by either party hereto. The time and date on which mail is <br /> postmarked shall be the time and date on which such communication <br /> is deemed to have been given. <br />