Orange County NC Website
<br />I"I2ANSPER OIr LAN DL,012D'S fNTEREST <br />.i7 ht the event of the sale, assignrncnt or transfer by Landlord of its interest in the Premises or in this Lc:ise (other than a collateral <br />assignment to secure a debt of Landlord) to a snrceessm in interest who esprss)y assumes the obligations of Landlord under this <br />Lease, l.:andlord shall thereupon be released and discharged from nll its covenants and obligations under this Lease, except those <br />obligations that have accrued prior to such sale, assignment or Ir+nsfer; and Tenant agrees to loop solely to the successor in interest oC <br />Landlord for the perfomtnnce of those covenants accruing after such salt, assignmem or transfer. L,andlnrcPs assignment of this ]..ease, <br />or of any nr all of its rights in this Lease, shall not afi~ecl Tenant's obligations hereunder, and '1'mmnl shall atiorn and loo}: to tltc <br />assicnee as 1 andlord, provided Tenant has first received u~ritien notice of the nssigmnc•nt oCl. andlord's in4_rest <br />SPECIAL STLPl1LAT70NS <br />:iS Any special stipulations are set fnn6 in the attached Exhibit = . _~A_,_._,,,_„~~„ ]nsotar as ;:aid SpeciaV Stipulations <br />conflict with an} ol'the Torel;oing provisions, said Special Stipulations shall control. <br />14tit,MORANllU15t Oi LEASE <br />39.. Upon request by either Landlord or'fenant, the parties hereto shall execute a short form ]rase (Memorandum of L.casc) in <br />recordable loon, setting fot'lh such provisions hereof (ot)ter than the amount of Base Mnnddy Rent .cod other sums due) as either party <br />may wish to incor)torrte 7hc cost of recording such memorandum of tense shall be borne ny the party requesting execution of scone. <br />THIS DOCUMENT 1S A L.F.GAL DOCUMENT. EXECI1T70N OF THIS DOCtIhtEN'I HAS Ll?CAI. CONSPQCtGNCL^S T1-lA"f <br />COUL-DBE ENhOP.CL^.ABLB IN A COURT OF LA15~ 1"HP. NPlii7i C:AROL.INA ASSOCIATION OF I2FA1.•TO]2Si5) MAKGS NO <br />REPRlSENTA770N5 CONCLI2NING THE LEGA7: SUFFICIENCY, LEGAL. EFFECT OP. 7 AX CONSEQUENCES CIF THIS <br />DOCLiMENT OR THE TRANSAC7JON 10 WH1CH )T RELATfiS AND RF.GOMMENllS THAT YOII CUNSLILT POUR <br />AT'JORNEY. <br />IN WITNESS R'Hi:REOP, the pariirs hereto haec hereunto sot their hands and scats, the dote and year first above written <br />h-ANDI,ORD: <br />Individual <br />Business lrntily <br />(Sf?.Al:) _._ ,_JCBH Pro/Rettes,-LLC _........_._.._. <br />(A'nure o! 17rm) <br />\: ) 1 <br />(S1>AL) B)"~" ~~~• ~~~ ~ fi1.V~'_ (SEAL) <br />Jim R. Cates <br />i'igc: __ ,,,,,,______ Member-Manager, <br />TENANT: <br />Individual <br />Business Eatlity <br />(SEAL.) ..__..,. <br />(SI:ALJ By: <br />Tith <br />rage s r,rs <br />if;Al.:) <br />SrnNUnlu) r<)Rnt s'ro-r <br />~r•; Tizooz <br />tm~i:.•mvnwnor Fucntulartar'ra,~~awr..,.~e eooa~s.m2r <br />