ADDENDUM TO LEASE
This Addendum to a Lease is entered into this the 30th day of October,
1998, by and between D. Xxxx Xxxx and wife, Xxxxx X. Xxxx (Lessor) and Lincoln
Bank of North Carolina (Lessee), the original parties to a certain lease dated
September 1, 1997, consisting of five (5) pages.
The parties hereby agree to some interior (first floor) alteration work
to be performed by the Lessee, at Lessee's sole expense (see attached Exhibit
"A"). This alteration work will create two new office areas in the building and
the office walls will consist of wooden studs and sheetrock and thus will equal
the quality and workmanship of the existing walls. The tile ceiling is not to be
disturbed, also the glass for the existing drive thru window will be replaced
with and energy efficient, solid pane of glass. If needed, carpet will be added
or replaced to match the existing first floor carpet. The cabinets, counters and
glass will be removed and stored in good condition by Lessee for future use by
the Lessor, at no expense to the Lessor. All alterations work performed is to
meet all the requirements of the building codes that pertain to this type of
work.
Furthermore, upon the expiration of this Lease, at Lessor's option,
Lessee agrees to immediately restore the altered portion of the building to a
state that is as good or better than the condition thereof immediately prior to
the alteration work taking place if so required by the Lessor.
In witness whereof, the parties hereto have duly executed this addendum
to the lease agreement and have her unto set their seals as of the day
of the year first above written:
Lessor:
/s/ D. Xxxx Xxxx, III
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D. Xxxx Xxxx, III
/s/ Xxxxx X. Xxxx
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Lessee:
Attest: Lincoln Bank of North Carolina
/s/ Xxx X. Xxxxxx by:
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Xxx X. Xxxxxx /s/ Xxx X. Xxxxxx
Assistant Secretary -----------------------
Xxx X. Xxxxxx