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I I I I I I I I I I I I I I i I I I 81/21/2882 16:25 784-788-8858 HARTSELL & WHITE PAGE 83 NORTH CAROLINA CABARKUS coUNTy LEASE AGR. EIEMBNT THIS LEASE AGREEMENT, exeCUted this the ~ day of ,2002, by and between THE CABARRUS COUNTY BOARD OF EDUCATION, a local school administrative unit, whose marling address is P.O. BOX 388, Concord, Nort~ Carolina 28026, hereinaiter called "Landlord" and THE CITY OF CONCORD, NORTH CAROLINA, a municipality, whose mailing address is P.O. Box 308, Concord, North Carolina 28026 (hereinatter called "Tenant"): WI TNE S SE TH:that- In consideration of the mutual covenants and agreements hereinalter set forth, the Landlord does hereby lease and demise unto the Tenant and T~nant hereby a,¢epts and leases from the Landlord, for the term h.ereinaiter specified, the following described real property (hereinatter sometimes referred to as the "Demised Prealises"): Situate in No. 5 ToWnship, Couuty of Cabarms, State ~fNorth Carolina, and lying on the north side of North Carolina Highway 73 and being par~ of that 103.404 acre tract o£Iand as conveyed by deed to Cabanus County Board of Education as recorded in Deed Book 754, Page 24 (all references to deeds, microfiche, plats, surveys, etc. refer to the records of the Cabarrus County Recorders Office, unless noted otherwise) and being more particularly bounded and described as follows: C°mmeneing for reference at ~he southeast corner of said Cabarrus County Board of Education 103.404 acre zract, said corner being on the northern edge of NOrth Carolina Highw~tY 73; thence along the northern edge of said North CaroliIaa Highway 73, North eighty-eight degrees three niinutes forty-six seconds West (N88°03'46"W) for two hundred four and 50/100 feet (204.50') to the TRUE POINT OF BEGINNING oftkis herein described land; thence continuing along the northern edge of North Carolina Highway 73, North eighty-eight degrees three minutes forty-six seconds West (NgS°03'46"W) for one hundred eighty-five and 79/100 feet (185.79'); thence over said Cai)amis County Board of Education 103.404 acre tract, North one degree fiity-six minutes fourteen seconds East '(NO 15 6'14"E) for ninety-eight and 28/100 feet (98.28') to the southern line of an existing Southern Bell Telephone easement as recorded in Deed Book 780, Page 123; thence along the southern line of said existing easement, North fiity-five degrees thirteen minutes eight~n seconds East (N55°13'IS"E) for one hundred eighty-one and 22/100 feet (181.22'); thence departing s~id existing easement and continuing over said Cabarrus County Board of Education 103.404 acre tract, South nine degrees nine minutes thirty-five seconds East (S09°09'35"E) for two hundred ten and 56/100 feet (2.],0.56') to the TRt/E POINT OF BEGINNING, containing zero and 605/1000 (0.605) acres. more or less, subject however to all covenants, conditions, restrictions, reservations, and easements contained in