Agenda - 12-06-1982 - Laserfiche WebLink

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. . LEASE AGREEMENT North Carolina Orange County The leaSe agreement made this _day of 19 , between Orange County, North Carolina, whose principal place of business is 106 East Margaret Lane, Hillsborough, North Carolina, hereinafter Called the Lessor and Orange County Public Library, whose principal place of business is: 300 West Tryon Street, Hillsborough, North Carolina, 27278; a member of Hyconeechee Regional Lihrary, whose principal address is P. 0. Drawer E, Yancey- ville, North Carolina 27379, hereinafter called the Tenant. WITNESSETH In consideration of the mutual benefits to the Lessor and to the Tenant, and of the covenants and agreements upon the part of the Lessor and the Tenant to be kept and performed, the Lessor hereby demises and leases to the Tenant, and the Tenant leases and takes from the Lessor the premises shown on the floor plan attached hereto as Exhibit 4 and by reference made a part hereof (herein called the leased premises) located at: Orange County Human Services Building, First Floor West Wing, 300 West Tryon Street, Hillsborough, North Carolina, 27278, more specifically described in Exhibit A, attached hereto be oCcupied and used as a public library and for the terms and conditions herein set forth. (1) Term of Lease: The term hereof shall commence on the first day of January 1982 and shall end at 12:00 midnight on the 31st day of December 1987. The term of the lease shall be for five (5) years. (2) Rental: Tenant shall pay to the Lessor the sum of fifty-one thousand, one hundred and fifty dollars ($51,150) per annum, payable in monthly installments of four thousand, two hundred sixty-two dollars and fifty cents ($4,22.50) each due on the first day of each month, in advance during the perm of this lease. This rent shall be suspended in favor