AG 2006 11 20 - Laserfiche WebLink

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Premises belonging to Lessee or to anyone claiming tbrough or under Lessee nor shall Lessor have any obligation hereunder to replace or repair any property on the Premises which Lessor shall have the right to require Lessee to remove from the Premises or any alteration, addition or improvement made to the Premises by, for, or at the direction of Lessee. IS. SUBORDINATION. Lessee agrees that this Lease is and shall remain subject and subordinate to and may be assigned as security for all mortgages or deeds of trust which may now or hereafter affect such leases or the Building or the Land and to and for all renewals, modifications, consolidations, replacements and extensions thereof. This clause shall be self-operative and no further instrument shall be necessary to effect such subordination; however, Lessee shall execute promptly and deliver to Lessor any such certificates in writing as Lessor may request evidencing the subordination of this Lease to or the assignment of this Lease as additional security for such ground lease, underlying lease, mortgage or deed of trust. 16. CONDEMNATION. In the event the whole or any material part of the Premises shall be taken by eminent domain or in any manner for a public use, the Lessor may at its option terminate this Lease. 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 unexpired term 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. 17. OUIET ENJOYMENT AND TRANSFER OF TENANTS. Lessor agrees that Lessee on paying the rent and performing all the terms and conditions ofthis Lease shall quietly have, hold and enjoy the Premises for the term of this Lease. 18. NOTICES. Any notice or demand which by any provision ofthis Lease 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 the street address of the Premises at the Building, and (b) if to Lessor, to the County Manager, 65 Church Street, SE, Concord, North Carolina 28025 or to such other place as Lessor may from time to time designate in a notice to Lessee. 19. HEIRS AND ASSIGNS. The provisions ofthis Lease shall bind and inure to the benefit of Lessor and Lessee, and their respective successors, legal representatives and assigns. It is understood and agreed, however, that the term "Lessor", as used in this Lease, means only 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 during the period 5 G.vS