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<br />2008 and unless sooner terminated as herein provided shall exist <br />and continue for a term of four (4) years. <br />2. Rent during the four (4) year term shall be: (1} for <br />each of the first two years of the lease term, Forty-nine <br />Thousand Six Hundred Fifty and No/100 Dollars ($49,650.00) per <br />year, payable in monthly installments of Four Thousand One <br />Hundred Thirty-seven and 50/100 Dollars ($4,137.50), and (2) for <br />each of the last two years of the lease term, Fifty-one Thousand <br />Eight Hundred One and 50/100 Dollars {$51,801.50), payable in <br />monthly installments of Four Thousand Three Hundred Sixteen and <br />79/100 Dollars ($9,316.79). Each monthly installment of rent is <br />payable on the first day of each month during the term of this <br />lease. <br />3. Notices: For the purpose of notice or demand, the <br />respective parties shall be served by certified or registered <br />mail, return receipt requested, addressed to County or Landlord <br />at their respective office address, as set forth herein: <br />To County: Orange County <br />Department of Purchasing and Central <br />Services <br />Post Office Box 8181 <br />Hillsborough, NC 27278 <br />To Landlord: Seisin-in-Law <br />Post Office Drawer 1529 <br />Hillsborough, NC 27278 <br />or at such other address as may hereafter be designated in <br />writing by either party hereto. The time and date on which mail <br />2 <br />