AG 2002 01 28 (Regular) - Laserfiche WebLink

Home Browse Search

01/21/2002 16:25 ?04-?88-8058 HARTSELL & WHITE PAGE 04 any instrument of record pertaining to the above described tract of land. Also, subject to fight-of-way for said North Carolina I-Iighway 7:3. TO HAVE AND TO HOLD the Demised Premises .upon those conditions and with those privileges set forth herein for the term herein set forth, subje~ to the following covenants and conditions: 1. Term: The tenancy hereby demised shall commence on the,._.___day of January, 200~ and shall continue for a period of twenty five (25) years, unless sooner terminated as herein provided. ' 2. Rental: The Tenant shall pay to the Landlord. as rental for the Demised premise~, the sum of'One Dollar ($1.00) per year. Such annual rental shall be paid, in advance, to Landlord on or before the first (1) day of J'uly of each and every year beginning.on the 1st day of July, 2001. This lease shall be renewable at the sole option of the tenant for at least one additional term of'twenty five year~ under thc ~ame conditions. 3. Utilifie,; The Tenant shall pay all charges for telephone, electricity, water, gas and other utilities used by Tenant on the Demised,Premlses. Landlord shall provide Tenant with access to such utilities as are needed at all times at Tenant's expense. 4. Tenant's Repairs: Upon acceptance of thc Demised Premises by Tenant, Tenant shall keep the Demised Premises, in good condition and repair, and in compliance with-any applicable government regulations. ~ 5. Landlord's Obligation: Tile above described property is leased "AS-IS, WHERE-IS" and Landlord makes no warranties or representations regarding the title, existence of liens and encumbrances, or whether the property is suitable for the Tenant's intended uses. 6. Signs. Fixtures. and Alterations: Tenant, at its own expense, may from time to time dUring the term of this Lease, make any alterations, install fixtures or signs which it may deem necessary or desirable to the premises and the intended Use of the premises ,such improvements shall be made in a good workmanlike manner and in accordance with all valid requirements of Municipal or other Governmental authorities. Tenant shall have the right to remove ~ or anY part of the Tenant's equipment, fixtures, or signs from the Demised Premises at. any time, provided Tenant shall repair or reimburse Landlord for the cost of repairing any damage to the Demised Premises resulting from the installation or removal of such items. Landlord shall have the fight to approve aR signs installed by Tenant. 8. Quiet Enjoyment: The Landlord covenants, warrants, and represents that it has full power and right to execute and perform this Lease and that the Tenant, upon paying the rent herein reserved and performing thc covenants and agreements hereof shall peaGefully and quietly have, hold, and enjoy the Demised Premises and all rights and privileges belonging, or in any way appertaining, thereto during the full term of this Lease and any extension thereof. 9. Default: In the event cfa default in the payment of the rental provided for herein or in the event of any breach by Tenant in the performance of any of the other covenants and conditions herein contained to be kept and performed by Tenant, and, if such default or breach shall continue for ten (10) days after written notice