Orange County NC Website
22 <br /> representations,warranties or promises with respect to the Rented Space,the Building or the Property, or the <br /> use of any amenities or facilities, except as expressly set forth in this Lease. Any agreement made after this <br /> Lease is signed shall be ineffective to change, waive, modify, discharge, or terminate it in whole or in part <br /> unless such agreement is in writing and executed by both Landlord and Tenant. <br /> 35. RIDERS AND EXHIBITS. All riders and exhibits attached to this Lease and initialed by the Landlord <br /> and the Tenant are hereby made a part of this Lease as though inserted in this Lease. <br /> The following Exhibits are attached hereto and incorporated herein: <br /> Exhibit A Site and Legal Description of Property <br /> Exhibit B Sketch of Rented Space <br /> Exhibit C Memorandum of Lease <br /> 36. SECTION HEADINGS. The headings of sections are for convenience only and do not limit or alter <br /> the contents of the sections. <br /> 37. NUMBER AND GENDER. The words"Landlord"and "Tenant"wherever used in the Lease shall be <br /> construed to mean plural where necessary, and the necessary grammatical changes required to make the <br /> provisions hereof apply either to corporations, partnerships or individuals, men orwomen, shall in all cases be <br /> assumed as though in each case fully expressed. <br /> 38. GOVERNING LAW AND TENANT'S RELEASE. This Lease shall be governed and construed <br /> pursuant to the laws of North Carolina. Any action brought to enforce or contest any term or provision of this <br /> Lease shall be brought in the North Carolina General Court of Justice sitting in Orange County, North <br /> Carolina. The Parties hereto stipulate to the jurisdiction of said court. It is agreed by the Parties that no other <br /> court shall have jurisdiction or venue with respect to any claims, complaints, suits, or actions arising out of or <br /> related to this Lease. Binding arbitration may not be initiated by either party, however,the Parties may agree <br /> to nonbinding mediation of any dispute prior to the bringing of a claim, complaint, suit, or action. Should any <br /> court having jurisdiction determine this Lease in whole or in material part is unlawful or the entering thereof is <br /> or was outside the scope of Landlord's authority, Landlord may terminate this Lease without further obligation <br /> (except as provided herein) and Tenant specifically releases and holds harmless Landlord, its agents, <br /> employees, officers and assigns from any loss, liability, claim or damage suffered by Tenant as a result <br /> thereof and waives the right to bring any action or complaint against Landlord to recover for same. <br /> Notwithstanding the foregoing, in the event of any such termination, Tenant may elect to exercise the option <br /> to purchase set forth in Section 3(d) herein by providing Landlord with written notice thereof within sixty(60) <br /> days of such termination, and such termination shall not void Tenant's option to purchase so long as Tenant <br /> provides such written notice within the aforesaid 60-day period. <br /> 39. SEVERABILITY. If any term, covenant or condition of this Lease or the application thereof to any <br /> person or circumstance shall,to any extent, be invalid or unenforceable,the remainder of this Lease shall not <br /> be affected thereby; and each term, covenant or condition of this Lease shall be valid and be enforced to the <br /> fullest extent permitted by law. <br /> 40. Intentionally Omitted. <br /> 41. BINDING EFFECT. Each provision of this Lease shall extend to and shall bind and inure to the <br /> benefit of the Landlord and the Tenant and their respective heirs, legal representatives, successors, and <br /> assigns. <br /> 42. LIMITATION ON RIGHT OF RECOVERY AGAINST LANDLORD. Tenant acknowledges and agrees <br /> that the liability of Landlord under this Lease shall be limited to its interest in the Property and any judgments <br /> rendered against Landlord shall be satisfied solely out of the proceeds of the sale of its interest in the <br /> Property. No personal judgment shall lie against Landlord upon extinguishment of its rights in the Property <br /> and any judgment so rendered shall not give rise to any right of execution or levy against Landlord's assets. <br /> The provisions hereof shall inure to Landlord's successors and assigns, including any Mortgagee. The <br /> foregoing provisions are not intended to relieve Landlord from the performance of any of Landlord's <br /> obligations under this Lease, but only to limit the personal liability of Landlord in case of recovery of a <br /> judgment against Landlord; nor shall the foregoing be deemed to limit Tenant's rights to obtain injunctive relief <br /> or specific performance or to avail itself of any other right or remedy which may be awarded Tenant by law or <br /> under this Lease. <br /> 43. BROKERAGE. The Tenant and Landlord each represents to the other that it has not dealt directly <br /> with any brokers in connection with this Lease, and that no broker procured this Lease or is entitled to any <br /> commission in connection with the Lease, and in the event either party has hired a broker such hiring party <br /> shall indemnify, defend, and hold forever harmless the other party from and against any claim by such hired <br /> broker and from and against any and all costs directly or indirectly arising out of any such hiring. <br /> 44. MEMORANDUM. Concurrently with the execution of this Lease,the Landlord and Tenant shall execute <br /> and deliver a memorandum of lease in the form provided for on Exhibit C attached hereto and incorporated <br /> herein, which memorandum of lease shall reference Tenant's right to purchase the property, and such <br /> andlord Tenant <br /> Initials Initials <br />