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STATE OF NORTH CAROLINA <br /> <br /> TERM LEASE <br /> <br />COUNTY OF CABARRUS <br /> <br /> THIS LEASE is entered into this 23rd day of August, 1991 by <br />and between Nancy W. Barrow ("Lessor") and the COUNTY OF CABARRUS <br />("Lessee"); <br /> <br /> For the sum of One Dollar [$1.00), the receipt and sufficiency <br />of which is hereby acknowledged, Lessor does hereby lease unto <br />Lessee the following described property upon the following terms <br />and conditions: <br /> <br /> 1. Property is located immediately west from and adjacent to <br />the new Senior Center Building on Corban Avenue, Concord, North <br />Carolina. Property is recorded as PIN 5630-38-4113. <br /> <br /> 2. Lessee may use the property as a graveled parking lot. <br />Grading of the site and landscaping of the property is permitted to <br />create a parking lot. No permanent structures or improvements <br />shall be made on the site unless approved by Lessor. The Lessee <br />shall keep the property maintained and clean. <br /> <br /> 3. This Lease shall commence upon execution of this document <br />and shall remain in effect until Lessee proposes to use the <br /> at which time Lessor shall 30 days notice. During <br />property <br /> give <br />this Lease term it is the responsibility of the Lessee to care for <br />the property. <br /> <br /> 4. "As" Is". Lessee shall take the property "as is". There <br />are no representations as to fitness for a particular use. <br /> <br /> 5. Indemnification. Lessor shall not be liable for liability <br />or damage claims for injury to persons or property from any cause <br />relating to the occupancy and use of the property by Lessee, <br />including those arising out of damages or losses occurring on <br />sidewalks and other areas adjacent to the leased property during <br />the term of this lease. Lessee shall indemnify and hold harmless <br />the Lessor from all liability, loss, expenses, including attorney <br />fees, and cost of any kind or nature whatsoever resulting from any <br />injuries or damage claims of this nature. Lessee shall maintain in <br />force during the term of this lease public liability insurance, <br />insuring Lessor in an amount approved by Lessor. A copy of said <br />policy or endorsement to policy shall be delivered to Lessor for <br />keeping. <br /> <br /> <br />