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<br /> Landlord, its successors and assigns, only during and in respect of their respective successive period of
<br /> ownership. Further, Landlord's liability under the Lease Agreement shall be limited to and include
<br /> only the interests of Landlord in the real estate comprising the Demised Premises.
<br /> SCOPE AND INTERPRETATION OF THE AGREEMENT
<br /> 26. This Lease Agreement shall be considered to be the only agreement between the parties hereto
<br /> pertaining to the Demised Premises. All negotiations and oral agreements acceptable to both parties are
<br /> included herein. The laws of the State of North Carolina shall govern the validity, interpretation,
<br /> performance and enforcement of this Lease Agreement.
<br /> FORCE MAJEURE
<br /> 27. In the event Landlord or Tenant shall be delayed, hindered or prevented from the performance of any
<br /> act required hereunder, by reason of war, civil commotion, acts of God, governmental restrictions,
<br /> scarcity of labor or materials, strikes, labor walkouts, or any other reasons beyond its control, the
<br /> performance of such act shall be excused for the period of delay, and the period of the performance of
<br /> any such act shall be extended for the period necessary to complete performance after the end of the
<br /> period of such delay.
<br /> ESTOPPEL CERTIFICATES:
<br /> 28. Tenant shall execute and deliver to Landlord, upon its occupancy of the Demised Premises, a
<br /> certificate/statement provided by Landlord, certifying that this Lease is unmodified and in full force and
<br /> effect, and other factual data relating to the Lease or the Demised Premises which Landlord may
<br /> reasonably request ("Estoppel"). Furthermore, Tenant may be required, from time to time during the
<br /> term of the Lease, to execute and deliver to Landlord an Estoppel for purposes of refinancing,
<br /> syndication, sale of property, etc. In such event, Tenant shall have ten(10) days from its receipt thereof
<br /> from Landlord to execute and deliver such fully executed Estoppel to Landlord. Tenant's failure to
<br /> execute said certificate shall constitute a default hereunder.
<br /> DEFAULT OF TENANT AND REMEDIES
<br /> 29. (a) If Tenant shall hold over possession of the leasehold Demised Premises after the term has expired
<br /> or if Tenant shall fail to pay in full any rental or other sum of money due hereunder, as due on the first
<br /> day of the month, and shall continue in default in that payment of holding over for a period of ten (10)
<br /> days,then on or after the 15t'day of that month the Landlord may at its option notify Tenant by letter of
<br /> Tenant's continuing default and that unless the overdue payment is received or the Tenant ceases to
<br /> hold over, that Landlord will begin eviction proceedings. The Landlord may also, at its option, declare
<br /> the lease terminated and demand that the Tenant vacate the Demised Premises. Thereafter, on or after
<br /> the thirtieth(30`h) day of that month,the Landlord may, at its option, sue Tenant for summary ejectment
<br /> and for all past due rent and other sums due.
<br /> (b) If Tenant shall default in the performance of any other of the terms, conditions or covenants
<br /> contained in this Lease to be observed or performed by it and does not remedy such default within
<br /> thirty(30) days after written notice thereof or does not within such thirty(30) days commence such act
<br /> or acts as shall be necessary to remedy the default and shall not complete such act or acts promptly, or
<br /> if Tenant shall become bankrupt or insolvent, or file any debtor proceedings, or file in any Court
<br /> pursuant to any statute, either of the United States or of any State, a petition in bankruptcy or
<br /> insolvency or for reorganization, or file or have filed against it a Petition for the appointment of
<br /> receiver or trustee for all or substantially all of the assets of Tenant or such appointment shall not be
<br /> vacated or set aside within thirty (30) days from such appointment, or if Tenant makes an assignment
<br /> for the benefit of creditors, or petitions for or agrees to an arrangement, or suffers the lease to be taken
<br /> under any writ of execution and such writ is not discharged or set aside within thirty (30) days, then in
<br /> Initials
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<br /> (308 W.Franklin St.) Landlord Tenant
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