1997 S Lease Agreement 112 North Churton Street

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2 5. NOTICES. For the purpose of notice or demand, the respective parties shall be served by certified or registered mail, return receipt requested, addressed to the County or the Landlord at their respective office address, as set forth herein: To County: Orange County Department of Purchasing and Central Services PO Box 8181 Hillsborough, NC 27278 To Landlord: Hillsborough Savings Bank Attn: Mr. Tyson Clayton 260 S. Churton Street Hillsborough, NC 27278 or at such other address as may hereafter be designated in writing by either party hereto. The time and date on which mail is postmarked shall be the time and date on which such communication is deemed to have been given. 6. COVENANT OF TITLE. The Landlord covenants, represents and warrants that it has full right and power to execute and perform this Lease. If at any time during the term hereby demised the title of the Landlord shall fail or it shall be discovered that the Landlord's title does not permit the Landlord to grant the term hereby demised, the County's remedy, which shall be exclusive of all other remedies, shall be: 1.) annul and void this lease and 2.) the Landlord shall indemnify and hold the County harmless against any claims for rents resulting from title claim. 7. ASSIGNMENT AND SUBLEASE. The County agrees not to encumber or assign this lease or sublease all or any part of the Premises without the written consent of the Landlord, which consent shall not be unreasonably withheld. Such assignment shall in no way relieve the County from any obligations hereunder for the payment of rents or the performance of the conditions and provisions of this lease. 8. QUIET ENJOYMENT. Upon payment by County of the rents herein provided and upon the observance and performance of all the covenants, terms and conditions on County's part to be observed and performed, County shall peaceably and quietly hold and enjoy the Premises for the term hereby demised without hindrance or interruption by Landlord or any other person or persons lawfully or equitable claiming by, through or under Landlord, subject nevertheless, to the terms and conditions of this Lease. 9. RIGHT OF ENTRY. Landlord shall have the right to enter upon the Premises at all reasonable times during the term of this lease for the purposes of inspection, maintenance, repair at mutually agreeable times for the purposes of alteration and to show the same to prospective tenants or purchasers. Any such entry shall require at least 24 hours prior notice in person or by telephone or facsimile, except in the event of an emergency, whereupon no notice shall be required.