Orange County NC Website
id <br />TRANSFER OF LANDLORD'S tNTERF.5T <br />37. In the even[ of the sale, assignment or transfer' by Landlord of its interest in the Premises or in this Lease (other than a collateral <br />assignment to secure a debt of Landlord) to a successor in interest who expressly assumes the obligations of Landlord under this <br />Lease, Landlord shall thereupon be released and discharged i}om all its covenants and obligations under this Lease, except those <br />obligations that have accrued prior to such sale, assigtmrent or transfer; and Tenant agrees to look solely to [he successor in interest of <br />Landlord for the performance of those covenants accruing after such sale, assignment or transfer Landlord's assignment of this Lease, <br />or of any or all of its rights in this Lease, shall not affect Tenant's obligations hereunder, and Tenant shall attorn and look to the <br />assignee as Landlord, provided Tenant has first received written notice of the assignment of Landlord's interest.. <br />SPECIAL STIPULATIONS <br />38. Any special stipulations are set forth in the attached Exhibit _ A Insofar as said Special Stipulations <br />conFlict with any of the foregoing provisions, said Special Stipulations shall control. <br />MEMORANDUM OF LEASE <br />39. 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 Base Monthly Rent and other sums due) as either party <br />may wish to incorporate. The cost ofrecording such memorandum of lease shall be borne by the party requesting execution of same. <br />THIS DOCUMEN7 IS A LEGAL DOCUMENT. EXECUTION OF TITIS DOCUMENT HAS LEGAL CONSEQUENCES THAT <br />COULD BE ENFORCEABLE IN A COl1RT OF LAW. 7HE NORTtI CAROLINA ASSOCIATION OF REALTORS® MAKES NO <br />REPRESENTATIONS CONCL•RN[NG THE LEGAL SUFFICIENCY, LEGAL EFFECT OR TAX CONSEQUENCES OF THIS <br />DOCUMENT OR THE TRANSACTION TO WHICH IT RELATES AND RECOMMENDS THAT YOU CONSULT YOUR <br />ATTORNEY. <br />IN WITNESS WFIEREOF, the parties hereto have hereunto set tltcir hands and seals, the date and year first above written. <br />LANDLORD: <br />Individual Business Entity <br />(SEAL) _ ._JQBH Plonerties, LLC_. _ _ <br />(Name of Fran) <br />{SEAL) By: ^ ,_ (SEAL) <br />JIm R. Cates <br />Title: _ _ -Member-Manager __ ._ <br />TENANT: <br />[odividual <br />Business Entity <br />(SEAL) _ County of Oran _ - <br />(Name of Firnr) <br />(SEAL) By: (SEAL) <br />Barry Jacobs <br />Title: _ Chairperson _ . <br />Page 8 of 8 <br />STANDARD FORM 590-T <br />© 7!2002 <br />rNslam produced by F077rIt//~iCO~'Foms soinroro 800-73&A02r <br />