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BK - 00026 PG:0937 <br />18. Compliance with Law. Landlord and Tenants shall comply with all the requirements of all <br />county, municipal, state, federal and other applicable governmental authorities, now in <br />force, or which may hereafter be in force, pertaining to the said Premises, and shall <br />faithfully observe in the use of the Premises all municipal and county ordinances and state <br />and federal statutes now in force or which may hereafter be in force. <br />19. Termination and Option to Renew. Unless terminated sooner as provided herein, or <br />upon written mutual agreement of the parties, the Lease shall terminate at the end of the <br />Term but shall automatically renew on an annual basis pursuant to the same terms and <br />conditions contained herein unless otherwise agreed upon in writing by all Parties. <br />20. Quiet Enjoyment. Upon payment by Tenants of the rents herein provided, and the <br />observance and performance of all the covenants, terms and conditions to be observed <br />and performed by Tenants, Tenants shall, subject to the terms and conditions of this Lease, <br />peaceably and quietly hold and enjoy the Premises for the Term of this Lease. <br />21. Subordination and Attornment. The Lease is, and shall be, subject to the lien of all and <br />any mortgage or deed of trust now or at any time hereafter placed upon the land, the <br />building, the Premises, and to any and all renewals, extensions, modifications and <br />refinancing thereof. Lender agrees for itself and its successors in interest and for any other <br />person acquiring title to the Property through a Foreclosure that the leasehold interest of <br />Tenants under the Lease and Tenant's rights under the Lease shall not be terminated by <br />reason of such Foreclosure, and the Lease shall continue in full force and effect and Lender <br />shall recognize and accept Tenants as tenant under the Lease subject to the provisions of <br />the Lease and the Lease will be recognized as a direct lease between any such transferee <br />and Tenant. Default on the payment of all or any mortgage or deed of trust placed upon <br />the land, the building or the premises shall not constitute a default or breach hereunder. <br />22. Notices. All notices required or permitted to be given under the Lease shall be in writing <br />and sent to the following: <br />Tenants: <br />City: City Manager <br />P.O. Box 3729 <br />Sanford, NC 27331 <br />hal. hegwer(a)_sanford nc. net <br />County: County Manager <br />P.O. Box 1968 <br />Sanford, NC 27331 <br />icrum pton(cNeecountvnc.aov <br />Landlord: Progressive Development Company, LLC <br />143 Charlotte Ave. Suite 201 <br />Sanford, NC 27330 <br />Contact: Joni Martin <br />imartin(a)-progressivecci.com <br />SLPP: CEO /Chairman <br />P.O. Box 1968 <br />Sanford, NC 27331 <br />rodgersaulsCEDsanford- nc.com <br />23. Tenants' Obligation. In addition to the other obligations of the Tenants under this Lease <br />during the term of this Lease Agreement, Tenants shall abide by the following: <br />