Orange County NC Website
92 06/s iz, 16.35 0919- 490 - 9710 6WWN AND 6U N ( h <br />20 <br />have the right to reenter and take possession of the Premises and, <br />at its option, to terminate this Agreement. At Lessors option, <br />Lessor may avail itself of the following additional or alternative <br />remedies: (1) all dispossessory and eviction rights granted by <br />law, (2) all Frights to repossess and seize any collateral now or <br />hereafter granted to Lessor under the uniform commercial Code, (3) <br />all rights of claim and delivery, (4) all rights of offset, (5) all <br />rights given by law fur damages, (6) all rights conferred by law or <br />equity for injunctive relief, (7) all rights which exist in equity. <br />Lessee agrees and acknowledges that its covenant to pay rents shall <br />not abate upon the termination of this Agreement because of default <br />by Lessee, but that Lessees obligation to pay such rents shall <br />survive and continue notwithstanding termination and that Lessor <br />may recover from Lessee the amounts thereof. Except for defaults <br />arising under paragraphs 3.02(x), (b) and (c), before any event of <br />default shall become effective so as to give the Lessor the rights <br />enumerated in paragraphs 5.02(1), (2) and (3) as well as the right <br />of termination, Lessor shall give Lessee thirty (30) days prior <br />written notice of the default (which notice shall state the event <br />of default with specificity) So as to give the Lessee an <br />opportunity to cure the breach complained of. <br />5.03 ABANDONMENT. In the event Lessee shall not have paid a <br />monthly installment within thirty (30) days after its due date, and <br />Lessee or its agents shall not have been present an the Premises <br />and conducting business during that period of time, it shall be <br />conclusively deemed (and Lessee so agrees) that Lessee has <br />-18- <br />