AG 2010 01 19 - Laserfiche WebLink

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16. SUBORDINATION. Lessor represents and warrants that the Premises has not been pledged as security for any mortgage or deed of trust and Lessor agrees not to pledge the Premises as security for any obligation during the teen of this Lease. 17. CONDEMNATION. Li the event that some part of the Premises shall be taken by. eminent, domain or,in any mariner for a public use, by an entity other than Lessee, the.lease shall not terminate. Lessee shall not be entitled to any part of any award or payment which may be paid to Lessor or made for Lessor's benefit in connection with such public use and Lessee shall have no claim or rights as against Lessor for the value of any miexpired teini of this Lease. It is provided, however, that the widening of streets abutting the land on which the Building stands shall not affect this Lease, provided that no material part of the Building ~is so taken. T8. OUIET ENJOYMENT. ~ Lessor agrees that Lessee on paying the rent and performing all the terms and conditions of this Lease shall quietly have, hold and enjoy the Preinise:s for the term of this Lease. 19. NOTICES. Any notice or demand which by any provision of this Agreement is required or allowed to be given by either party to the other shall be deemed to have been sufficiently given for all purposes when made in writing and sent in the United States mail as certified or registered mail, return receipt requested, postage prepaid and addressed: (a) if to Lessee, to 65 Church Street, Concord, North Carolina 28025, and (b) if to Lessor, to the same address or to such other place as Lessor may from time to time designate in a notice to Lessee. 20. HEIRS AND ASSIGNS. The provisions of this Lease shall bind and inure to the benefit of lessor and Lessee, and their respective successors, heirs, legal representatives and ' assigns. It is understood and agreed, however, that the term "Lessor",'as used in this Lease, means the owner or the Lessor for the time being of the Building of which the Premises are a part, so that in the event of any sale or sales (including, without limitation, any judicial sale, any sale in foreclosure and any sale pursuant to power of sale contained in a mortgage or deed of trust affecting all or any part of the Building or the Land or a leasehold interest in the Land of the Building) of such property or of any lease, the Lessor named herein shall be and is entirely freed and relieved of all covenants and obligations of Lessor hereunder accruing thereafter, and it shall be deemed without further agreement that the purchaser has assumed and agreed to carry out any and all covenants and obligations of Lessor hereunder duruig the period such party has possession of the Land and Building. Lessee shall fiom time to time upon request of Lessor execute and deliver to Lessor a certificate or certificates stating that this Lease is unmodified and in full force and effect or in full force and effect as modified and stating the modifications. Such certificates shall also state the amount of Base Rent and Additional Rent then in effect, the dates to which rent has been paid in advance, the amount of any security deposit, and shall specify any default in ~,essor's performance claimed by Lessee. 21. INTEGRATION AND BINDING EFFECT. The entire agreement, intent and understanding between Lessor and Lessee is contained in the provisions of this Lease and any stipulations, promises or agreements, written or oral, made prior to or contemporaneously with this Lease shall have no legal or equitable effect or consequence unless reduced to writing and executed by the parties. This Lease shall be governed and construed pursuant to the laws of the State of North Carolina. 22. COMPLIANCE BY LESSEE WITH GOVERNMENTAL REGULATIONS. 111 the performance of any acts required of or permitted to Lessee under Paragraph 9 or any other provision of this Lease, Lessee shall obey and comply with all lawful requirements, rules, regulations, and ordinances of all legally constituted authorities, existing at any time during the continuance of such pet•foi-inance in auy way affecting the Premises or the use of the Premises by F-1 Attachment number 2 Page 68