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0 BOOK 20 P"GE 5,037 REPRODUCE LOCALLY. Include torn number and date on all reproductions. C'CC-Z U.S. DEPARTMENT OF AGRICULTURE (10-18-01) Commodity Credit Corporation LEASE FOR REAL PROPERTY 1. DATE COUNTY NAME LEE COUNTY, NORTH CAROLINA 02/28/06 3. THIS LEASE, made and entered into this day by and between THE COUNTY OF LEE, ONE OF THE COUNTIES OF THE STATE OF NORTH CAROLINA whose address is: C/0 COUNTY MANAGER, LEE COUNTY GOVERNMENT CENTER, 106 HILLCREST DRIVE, P.O. BOX 1968 SANFORD, NC 27331-1968 and whose interest in the property hereinafter called the Lessor and the Farm Service Agency hereinafter called FSA. 4. WITNESSETfI: The parties hereto for the consideration hereinafter mentioned, covenant and agree as follows: a. The Lessor hereby leases to FSA the following described premises: 4, 186 NET USABLE SQUARE FEET IN THE RUBY VANN CRUMPLER AND ERNEST P. MCSWAIN BUILDING LOACATED AT 2410 TRAMWAY ROAD, SANFORD, NC 27332 to be used for OFFICE SPACE (SEE ATTACHED b. TO HAVE AND TO HOLD the said premises with their appurtenances for the term beginning 3/01/2006 through 2/28/2011 subject to termination and renewal rights as may be hereinafter set forth. c. The FSA shall pay the Lessor annual rent of $ 31, 53 B .0o at the rate of $ 2, 628. 00 per month ( $ 8. 78 per square foot) in arrears. Rent for a lesser period shall be prorated. Rent checks shall be made payable to: COUNTY OF LEE d. The FSA may terminate this lease or decrease the amount of space at any time by giving at least 60 days notice in writing to the Lessor and no rent shall accrue after the effective date of termination. Said notice shall be computed commencing with the day after the date of mailing. e. This lease may be renewed at the option of the FSA for the following terms and at the following rentals : ONE OPTION TO RENEW FOR A FIVE (5) YEAR TERM AT A RATE TO HE NEGOTIATED AT TIME OF RENEWAL provided notice be given in writing to the Lessor at least 120 days before the end of the original lease term or any renewal terms; all other terms and conditions of this lease shall remain the same during any renewal term. Said notice shall be computed commencing with the day after the date of mailing.