Orange County NC Website
12 <br /> GENERAL TERMS <br /> 30. (a) "Landlord"as used in this Lease shall include the undersigned,its heirs,representatives, assigns and successors in title to <br /> the Premises. "Agent"as used in this Lease shall mean the party designated as same in Section 3,its heirs,representatives,assigns and <br /> successors. "Tenant" shall include the undersigned and its heirs, representatives, assigns and successors, and if this Lease shall be <br /> validly assigned or sublet, shall include also Tenant's assignees or sublessees as to the Premises covered by such assignment or <br /> sublease. "Landlord", "Tenant", and "Agent" include male and female, singular and plural, corporation, partnership or individual, as <br /> may fit the particular parties. <br /> (b)No failure of Landlord to exercise any power given Landlord hereunder or to insist upon strict compliance by Tenant of <br /> its obligations hereunder and no custom or practice of the parties at variance with the terms hereof shall constitute a waiver of <br /> Landlord's right to demand exact compliance with the terms hereof.All rights,powers and privileges conferred hereunder upon parties <br /> hereto shall be cumulative and not restrictive of those given by law. <br /> (c)Time is of the essence in this Lease. <br /> (d)This Lease may be executed in one or more counterparts,which taken together, shall constitute one and the same original <br /> document. Copies of original signature pages of this Lease may be exchanged via facsimile or e-mail, and any such copies shall <br /> constitute originals. This Lease constitutes the sole and entire agreement among the parties hereto and no modification of this Lease <br /> shall be binding unless in writing and signed by all parties hereto. The invalidity of one or more provisions of this Lease shall not <br /> affect the validity of any other provisions hereof and this Lease shall be construed and enforced as if such invalid provisions were not <br /> included. <br /> (e) Each signatory to this Lease represents and warrants that he or she has full authority to sign this Lease and such <br /> instruments as may be necessary to effectuate any transaction contemplated by this Lease on behalf of the party for whom he or she <br /> signs and that his or her signature binds such party. The parties acknowledge and agree that: (i)the initials lines at the bottom of each <br /> page of this Lease are merely evidence of their having reviewed the terms of each page,and(ii)the complete execution of such initials <br /> lines shall not be a condition of the effectiveness of this Lease. <br /> (f)Upon request by either Landlord or Tenant, the parties hereto shall execute a short form lease (memorandum of lease) in <br /> recordable form, setting forth such provisions hereof(other than the amount of annual rental and other sums due)as either party may <br /> wish to incorporate. The cost of recording such memorandum of lease shall be borne by the party requesting execution of same. The <br /> NC REALTOR Memorandum of Lease(Form 596-T)or an attorney-drafted memorandum of lease may be used for this purpose. <br /> (g) If legal proceedings are instituted to enforce any provision of this Lease, the prevailing party in the proceeding shall be <br /> entitled to recover from the non-prevailing party reasonable attorneys fees and court costs incurred in connection with the proceeding. <br /> SPECIAL STIPULATIONS <br /> Note: Under North Carolina law,real estate agents are not permitted to draft lease provisions <br /> If this box is checked, additional terms of this Lease are set forth on Exhibit B attached hereto and incorporated herein by <br /> reference. <br /> If this box is checked, improvements to the Premises to be provided by Landlord are set forth on Exhibit C attached hereto <br /> and incorporated herein by reference. <br /> [THIS SPACE INTENTIONALLY LEFT BLANK] <br /> Page 11 of 12 <br /> STANDARD FORM 592-T <br /> Revised 7/2024 <br /> Tenant Initials Landlord Initials ©7/2024 <br /> Produced with Lone Wolf Transactions(zipForm Edition)717 N Harwood St,Suite 2200,Dallas,TX 75201 www.lwolf.com HREG <br />