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( a ) Events of Default . In addition to the other occurrences listed elsewhere in this Lease , the
<br /> occurrence of any one or more of the following shall constitute a default hereunder :
<br /> ( 1 ) If Tenant fails to pay any rent or other monetary payments as and when provided in this
<br /> Lease ;
<br /> ( 2 ) If Tenant breaches any other agreement or obligation herein set forth and fails to cure
<br /> such breach within ten ( 10 ) days after notice thereof; or if cure of the breach would require more than ten ( 10 )
<br /> days to effect , if Tenant fails to initiate action necessary to cure such breach within the ten ( 10 ) day period and
<br /> to pursue such action diligently thereafter until the breach is cured ;
<br /> ( 3 ) If there is a levy , execution , attachment or taking of property , assets or the leasehold
<br /> interest of Tenant by process of law or otherwise or in satisfaction of any judgment , debt or claim ; or
<br /> ( 4 ) If Tenant files , or has filed against it , any petition or action for relief under any debtor' s
<br /> relief law ( including bankruptcy , reorganization or similar actions or proceedings ) either in state or federal
<br /> court .
<br /> ( b ) Landlord ' s Rights and Remedies . In the event of any default , Landlord may at any time
<br /> thereafter , with or without notice or demand and without limiting Landlord in the exercise of any right or
<br /> remedy which Landlord may have by reason of default :
<br /> ( 1 ) Terminate this Lease .
<br /> ( 2 ) Without terminating this Lease , terminate Tenant ' s right to possession of the Leased
<br /> Premises , enter upon and take possession of the Leased Premises and rent the Leased Premises for a
<br /> reasonable rental for the account of Tenant , and after paying from rents collected the reasonable costs of
<br /> such entry , reletting and collection and the costs of any necessary repairs made by Landlord which Tenant is
<br /> obligated to make hereunder , apply the remainder of the rent collected to the amounts due and to become
<br /> due from Tenant hereunder ;
<br /> ( 3 ) Pursue any other remedy now or hereafter available to Landlord under this Lease or
<br /> under the laws of the state of North Carolina .
<br /> All rights and remedies of Landlord pursuant to this Section shall be cumulative , and may be exercised singly ,
<br /> successively or , if appropriate , concurrently . In the event Landlord terminates this Lease or terminates
<br /> Tenant ' s right to possession of the Leased Premises , then Tenant shall surrender possession of the
<br /> Premises to Landlord , and Landlord shall have the full and free right to enter into and upon the Rented Space
<br /> with or without process of law , to repossess the Rented Space , to expel or remove the Tenant and any others
<br /> who may be occupying or be within the Rented Space , to remove any and all property from the Rented Space
<br /> and to the change the locks on the Rented Space , without being deemed in any manner guilty of trespass ,
<br /> eviction or forcible entry or detainer . In any event of default by Tenant , Landlord shall be entitled to recover
<br /> from Tenant all damage incurred by Landlord by reason of Tenant ' s default , including but not limited to : any
<br /> unpaid rent ; the cost of recovering possession of the Premises , including reasonable attorney ' s fees ;
<br /> expenses of reletting , including necessary renovation and alteration of the Premises , reasonable attorney ' s
<br /> fees , and any real estate commission actually paid ; any loss of future rental ; and a pro rata portion of any
<br /> leasing commission paid by Landlord based on the number of days of any period for which a commission was
<br /> paid that remain after the date of Tenant' s default . Any rent unpaid when due , including additional rent not
<br /> paid upon demand , shall bear interest from the date due at the rate of twelve percent ( 12 . 00 % ) per annum .
<br /> ( c ) Treatment of Tenant' s Property . Any and all property which may be removed from the Rented
<br /> Space by the Landlord pursuant to the authority of the Lease or law , to which the Tenant is or may be entitled ,
<br /> may be handled , removed or stored by the Landlord at the risk , cost and expense of the Tenant , and except
<br /> strictly as required by law the Landlord shall in no event be responsible for the value , preservation or
<br /> safekeeping thereof. The Tenant shall pay to the Landlord , upon demand , any and all expenses incurred in
<br /> such removal and all storage charges for such property so long as the property shall be in the Landlord ' s
<br /> possession or under the Landlord ' s control . Any such property of the Tenant not retaken from storage by the
<br /> Tenant within thirty ( 30 ) days after the end of the term , however terminated , may be disposed of by Landlord
<br /> in any manner whatsoever , including without limitation , the sale , scrapping and /or destruction of the property
<br /> without any further obligation to the Tenant , and Tenant shall pay to Landlord promptly on demand the
<br /> reasonable expenses of such disposal .
<br /> ( d ) Landlord ' s Lien on Tenant' s Interest . Tenant hereby grants to Landlord a first lien upon the
<br /> interest of Tenant under this Lease to secure the payment of moneys due under this Lease , which lien may
<br /> be enforced in equity .
<br /> ( e ) Landlord ' s Lien on Tenants ' Property . Tenant hereby grants to Landlord a lien for the payment of
<br /> rent , additional rent and all other moneys to be paid by Tenant to Landlord hereunder, upon all of the goods ,
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