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' l <br /> PAGE 1 <br /> LEASE AGREEMENT <br /> NORTH CAROLINA <br /> ORANGE COUNTY <br /> THE LEASE AGREEMENT MADE THIS DAY OF <br /> , 19.., BETWEEN ORANGE COUNTY; NORTH CAROLINA, WHOSE <br /> PRINCIPAL PLACE OF BUSINESS IS 106 EAST MARGARET LANE. HILLSBOROUGH, <br /> - NORTH CAROLINA, HEREINAFTER CALLED THE LESSOR AND CEDAR GROVE DAY CARE <br /> CENTER, WHOSE PRINCIPAL PLACE. OF BUSINESS IS: CEDAR GROVE <br /> MULTIPURPOSE CENTER, HMY 86 N. CEDAR GROVE,NORTH CAROLINA, 27231/ `: <br /> HEREINAFTER CALLED THE TENANT. <br /> WITNESSETH <br /> IN CONSIDER TION OF THE MUTUAL BENEFITS TO THE LESSOR AND TO THE <br /> TENANT, AND OF THE CONVENANTS AND AGREEMENTS UPON THE PART OF THE. <br /> LESSOR AND THE TENANT TO BE KEPT AND PERFORMED, THE LESSOR HEREBY <br /> DEMISES AND LEASES TO THE. TENANT, AND THE TENANT LEASES AND TAKES FROM <br /> THE LESSOR THE. REMISES SHOWN ON THE FLOOR PLAN ATTACHED HERETO AS <br /> EXHIBIT A AND B REFERENCE MADE A PART HERE OF (HEREIN CALLED THE <br /> LEASED PREMISES) LOCATED AT CEDAR GROVE MULTIPURPOSE CENTER, NWY 86 <br /> N., CEDAR GROVE/ NORTH CAROLINA, 27231, MORE SPECIFICALLY DESCRIBED IN <br /> EXHIBIT A,. ATTACHED HERECTO BE OCCUPIED AND USED AS A DAY CANE CENTER <br /> AND FOR THE TERMS 4N0 CONDITIONS HEREIN SET FORTH. <br /> CST. TERM OF LEASE: <br /> THE TERM HE EOF SHALL COMMENCE ON THE FIRST DAY OF OCTOBER, 1982 <br /> AND SHALL ENO AT 121.00 MIDNIGHT ON THE 30TH DAY OF SEPTEMBER, 1983. <br /> (2) RENTAL; _ <br /> TENANT 5HA L PAY TO THE LESSOR THE SUM OF EIGHT THOUSAND, FOUR <br /> } HUNDRED DOLLARS $8,400) PER ANNUM, PAYABLE IN MONTHLY INSTALLMENTS OF <br /> SEVEN HUNDRED D LLARS ($700,-DO) EACH DUE ON THE FIRST DAY OF EACH <br /> MONTH, IN ADVANC DURING THE TERM OF THIS LEASE. THIS RENT SHALL BE <br /> SUSPENDED IN FAVOR OF AN IN—KIND CONTRIBUTION FROM THE LESSOR TO THE <br /> TENANT., <br /> C3) UTILITIES:' <br /> THE TENANT SHALL PAY ELECTRICITY AND FUEL FOR HEAT BASED ON THE <br /> FOLLOWING FORMUL S: TOTAL SQUARE FOOTAGE USED BY TENANT (2,100 SR. <br /> FT.) DIVIDED BY TOTAL USABLE SQUARE FOOTAGE OF THE BUILDING whERE THE <br /> LEASED PROPERTY IS LOCATED (33, 773 30.. FT.), TIMES THE AMOUNT OF <br /> THE ELECTRICTY A 6 FUEL FUR HEAT BILLS RECEIVED BY THE LESSOR DURING <br /> THE TERM OF THIS�LEASE FOR THE BUILDING WHERE THE LEASED PROPERTY IS <br /> LOCATED. THE ESSOR SHALL SEND THE TENANT ON A TIMELY tlAS1S A <br /> STATEMENT ITEMIZING SUCH UTILITY CHARGES. PAYMENT SHALL BE DUE To THE <br /> LESSOR wITHIN T 4IRTYAL30) DAYS ANDFSTHER DATE <br /> RONS,SUCH STATEMENIS.. THE <br /> LESSOR SHALL <br /> i �� .�..._._.T.�._13^36:07 07 OCT 1462.__. _--- --- - ------° --- <br />