AG 2002 01 28 (Regular) - Laserfiche WebLink

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I I I ,I I I I i I I I I t I I I 81/21/2882 16:25 784-788-8858 HARTSELL & WHITE PAGE 85 to Tenant, or if Tenan.t has not taken reasonable steps to cure any default during.such period, then the Landlord shall have the right to re-enter the Demised Premises and terminate this'LeaSe Agreement without prejudice to Landlord's other rights and remedies again.et Tenant under the law. 10. Demised Premises; The Demised Premises shall be used exclusively as a water pump booster station. Tenant shall ~omply with all federal,, state, and local laws applicable to ~he Demised Premises or Tenant's business conducted thereon and shall not do any act or practice on or about the Demised Premises which shall constitute a nuisance. I 1. Prohibition Against Assignment; Tenant shall not, assign or sublet the Demised Premises without the prior written consent of Landlord, except to another unit of government for related purposes. Tonant doe$ hereby consent to the assignment of the rental payments due and other rights hereunder, in order to secure adequate financing. 12. Notices: All notices required to be given hereunder by either party shall-be in writing and sent by Registered or Certified Mail, and all rentals mailed addressed to the parties at the addresses get forth herein, and shall be deemed effective upon deposit in the United States' mail, postage prepaid. Notice to the Cabarrus County Board of Education shall be addressed to Harold E. Winkler, Jr. Superintendent, Cabarrus County Schools, PO Box 388, Concord, NC 28026-0388. Notice to the City of Concord shall be addressed to W. Brian Ftiatt, City Manager, City of Concord, PO Box 308, Concord, NC 28026-0308. 13. Recording: Upon the commencement of'this Lea~e, both Landlord and Tenant shall execute the Memoraad/~m of Lease sufficient to be recorded under the laws of the state of N°rth Carolina attached hereto as Exhibit A. 14. Authority: The real property described above has been determined to be unnecessary for public education purposes by the Cabarms County Board of Education and this lease is being executed and entered into pursuant to N.C.G.S. 1.60A-274. 15. Benefits: This Lease Agreement shall be binding upon, and shall inure to the benefit of~ thc parties hereto and their respective successors and assigns and shall not be amended except by instrument in writing signed by the party to be charged. IN TESTIMONY WHEREOF, each of the parties hereto has executed this Lease the day and year first above written. TENANT: THE CITY OF CONCOll~D, NORTH CAROLINA. By; . w. Brian Hiatt, City Manager ATTEST: Vickie I. Weaut, City Clerk