BC 1976 11 04 - Laserfiche WebLink

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TO have and to hold said lands and premises, together with all privileges..and appurtenances thereunto belonging to it, the party of the second part, its successors and assigns for the term and uponthe condi- tions hereinafter set forth: 1. That this Lease shall commence as of the date hereof and shall exist and continue to and including the 30th day of September, 1981; provided, however, that the lessee may a% its option and for %he uses and purposes aforesaid, extend the %erin of this Lease for an additional period of four (4) years by notifying the lessor in writing a% least ninety (90) days prior to the date of the termination of this Lease. 2. That in lieu of the payment of rent, the lessee will accept the old Cabarrus County Courthouse in its present condition and will: (a) secure it from damage by the elements and other hazards. (b) repair and paint the stucco and woodwork on the outside of the building and replace so much of the woodwork as may be damaged; and (c) repair and restore lhe inlet%or of the building to a condition as ~uch like its original condition as possible; provided, however, that central heating, air conditioning, elecirical fixtures and appliances may be utilized in such ways as not to deh~ct from the original appearance of the building and may make such additional improvements as shall contribute to the beauiy of said building as it originally existed, all of which shall be done upon %he advice and under the supervision of a compe- tent archilect and according to a general plan of restoration. (d) n~ainiain said building and the grounds covered by this lease in a good state of repair. 3. Thai the lessee will purchase and keep in force liability insurance in such axnounis and against such hazards as may be necessa~y or desirable and will insure said building against fire and windstor~n for %he use and benefit of %he lessee or its contributors as their interests appear.