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<br />Community Home Trust GROUND LEASE <br />(Revised 4-11-12) <br />(New PEP 9/14/16) <br />(Revised 1-27-16) <br /> <br /> THIS LEASE (“this Lease” or “the Lease”) made and entered into this _______ day of <br />_____________________, 20____, by and between the COMMUNITY HOME TRUST <br />(“CHT” or “Lessor”) and __________________________________________ (“Lessee””). <br /> WHEREAS, CHT is organized for the purpose of developing and preserving decent, <br />affordable housing opportunities for low and moderate income people who might otherwise not <br />be able to afford to own a home; and <br /> WHEREAS, CHT uses long term land leases as a tool to provide and preserve affordable <br />housing; and <br /> WHEREAS, the Lessee enters into this Lease to obtain those benefits to which the Lessee <br />is entitled under the Lease and to further the charitable purposes of the Lessor; and <br /> WHEREAS, Lessor and Lessee recognize the special nature of the terms and conditions <br />of this Lease, and each of them, with the independent and informed advice of legal counsel, <br />freely accepts these terms and conditions, including those terms and conditions that may affect <br />the marketing and resale price of the Leasehold Estate; <br /> NOW THEREFORE, in consideration of the foregoing recitals, of mutual promises of <br />Lessor and Lessee, and of other good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, Lessor and Lessee agree as follows: <br /> <br />ARTICLE 1: Letters of Stipulation and Acknowledgment <br /> 1.1 LETTERS: In order to assure that Lessee fully understands and accepts the unique <br />nature of this Lease, Lessor requires that Lessee and Lessee’s Counsel review and sign the <br />Lessee’s Letter of Stipulation and Lessee’s Attorney’s Letter of Acknowledgement in the forms <br />attached to this lease as Exhibits A and B. <br /> <br />ARTICLE 2: Demise of Leased Premises <br /> 2.1 LEASED PREMISES: Lessor leases to Lessee and Lessee hires from Lessor, the <br />Land and any improvements thereon (referred to in this Lease as the “Leased Premises”) <br />described in the attached Exhibit C: LEASED PREMISES. Lessee takes the Leased Premises <br />“as is” as of the date of this Lease. <br />EXHIBITC <br />DocuSign Envelope ID: 1C608BEC-B713-4BE4-9E53-CD92D598627F