Agenda - 06-05-1989 - Laserfiche WebLink

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• j NORTH CAROLINA LEASE ORANGE COUNTY This lease agreement entered into this 14th day of June , 1 - by and between James C. Thompson and wife, Betty A. Thompson, of Bingham Township, Orange County, North • Carolina, hereinafter referred to as Lessor and Orange County, North Carolina, 109 Court Street, Hillsborough, North Carolina 27278, hereinafter referred to as Lessee, W I T N E S S E T H: Lessor hereby agrees to lease the property described below to Lessee upon the following terms and conditions: 1. The Property. The property herein leased is a tract and parcel of land, together with all improvements located thereon, located in. Bingham Township, Orange County, North Carolina and more particularly described as follows: BEGINNING at an iron (control corner) which is set at the intersection of the southwest right-of-way line of S. R. 1117 and the. northwest right-of-way line of Bradshaw Quarry Rd. (S. R. . 1115) ; thence with the northwest right-of-way line of Bradshaw Quarry Rd. the following courses and distances: S 37 deg. 26' 34" W 53.56 feet to an iron; thence S 41 deg. 28' 45" W 69.34 feet to an iron; thence S 45 deg. 29 ' 25" W 67 . 63 feet to an iron; thence S 49 deg. 36 ' 44 " W 69 .75 feet to an iron, the • southeast corner of Effie W. Bradshaw; thence with Bradshaw N 15 deg. 30 ' 00 " W 178. 00 feet to an iron in a fence line, the southwest corner of James C. Thompson; thence with Thompson N 37 deg. 30' 50" E 260.16 feet to an iron in the southwest right-of- way line of S. R. 1117; thence S 19 deg. 52' 38" E 202.90 feet to the point and place of BEGINNING, containing 1.00 acre, according to plat and survey by Dale D. Faulkner, R.L.S. , dated November 8, 1988, entitled "Property of JAMES C. THOMPSON & BETTY A. THOMPSON, which plat is recorded at Plat Book , Page of the Orange County Registry. 2. The Lease . The lease will commence June , 1989 and terminate June 5 , 1994 . 19 Lessor or Lessee, however, may terminate this lease upon 1