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RECEIVED 10/10/2017 04:30PM 9197757533 COUNTRY FAIR HOMES
Oct 10 2017 04:16PM VHRI 9197085804 page 2
OFFER TO PURCHASE AND CONTRACT-VACANT LOT/LAND
(Consult"Guidelines"(form 12G)for guidance in completing this formI
NOTE: This contract is intended for unimproved real property that Buyer will purchase only for personal use and does not have
immediate plans to subdivide. It should not be used to sell property that is being subdivided unless the property has been platted,
properly approved and recorded with the register of deeds as of the date of the contract.If Seller is Buyer's builder and the sale involves
the construction of a new single family dwelling prior to closing,use the standard Offer to Purchase and Contract New Construction
(Form SOOT) or, if the construuction is completed, use the Offer to Purchase and Contract (Form 2-T) with the New Construction
Addendum(Form 2A3-T).
For valuable consideration,the receipt and legal sufficiency of which are hereby acknowledged,Buyer oilers to purchase and Seller upon
acceptance agrees to sell and convey the Property on the terms and conditions of this Offer To Purchase and Contract and any addendum
or modification made in accordance with its terms(together the"Contract").
I. TERMS AND DEFINITIONS:The terms listed below shall have the respective meaning given them as set forth adjacent to each
term. L �
(a) "Seller": L✓Om/J a eVG/a� .S, /
(b) "Buyer": (.</7/'4 As �iXrea gr• L.'. d e. Alpn
(c) "Property":The Property shall include all that real estate described below together with all appurtenances thereto including the
improvements located thereon.
INOTE: if the Property will include a manufactured(mobile)home(s),Buyer and Seller should consider including the Manufactured
(Mobile)Home provision in the Additional Provisions Addendum(Standard Form 2A1l-T)with this offer.
Street A at e ' l
City: l�iis n Zip: 02-7.-`�'6 .
County. 1..„}:p
,North Carolina
NOTE: Governmental authority over taxes,zoning,school districts,utilities and mail delivery may differ from address shown. I
Legal Description:(Complete AIL applicable)
Plat Reference:Lot/Unit ,Block/Section ,Subdivision/Condominium
,as shown on Plat Book/Slide at Page(s)
The PLN/PID or other identification number of the Property is:
Other description:
Some or all of the Property may be described in Deed Book at Page
(d) "Purchase Price":
$ `fa, 6Gd. '-G paid in U.S.Dollars upon the following terms:
$ BY DUE DILIGENCE FEE made payable and delivered to Seller by the Effective Date.
$ /OGavv BY INITIAL EARNEST MONEY DEPOSIT made payable and delivered to Escrow
Agent named in Paragraph l(f) by 13 cash ❑ personal check 0 official bank check
❑ wire transfer,❑ electronic transfer, EITHER 13 with this offer OR ❑within
five(5)days of the Effective Date of this Contract.
$ BY (ADDITIONAL) EARNEST MONEY DEPOSIT made payable and delivered to
Escrow Agent named in Paragraph 10) by cash, official bank check, wire transfer or
electronic transfer no later than , TIME
BEING OF THE ESSENCE with regard to said date.
$ BY ASSUMPTION of the unpaid principal balance and all obligations of Seller on the
existing loan(s)secured by a deed of trust on the Property in accordance with the attached
Loan Assumption Addendum(Standard Form 2A6-T).
$ BY SELLER FINANCING in accordance with the attached Seller Financing Addendum
(Standard Form 2A5-1).
$ 3,.C.I;4:7, "-- BALANCE of the Purchase Price in cash at Settlement(some or all of which may be paid
with the proceeds of a new loan).
This form Jointly approved by: Page 1 of I I STANDARD FORM 12-T
E3North Catalina Bar Association IA Revised 7/2017
,, North Carolina Association of REALTORS®,Inc.
Mk MattTVIIITY 0 7/2017
Buyer initials £1'1 Seller initials
Van tieru Iltsilgy,1..259 N.leaner IIM:.3a.Jad.14C 27331 Phe..:(915)474.3313 Na:
Ws.Finis INodueed 5151 slpFoeie by syl5p6 1007)fdlscn Mite Agee.hall.kit-Non M02a as Of VOLOO ZE
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Oct 10 2017 04;1 61:11 VHRI 9197085804 page 3
Should Buyer fail to deliver either the Due Diligence Fee or any Initial Earnest Money Deposit by their due dates, or should any
check or other funds paid by Buyer be dishonored,for any reason,by the institution upon which the payment is drawn, Buyer shall
have one(1)banking day after written notice to deliver cash,official bank check,wire transfer or electronic transfer to the payee.In
the event Buyer docs not timely deliver the required funds,Seller shall have the right to terminate this Contrtwt upon written notice
to Buyer.
(e) "Earnest Money Deposit":The Initial Earnest Money Deposit, the Additional Earnest Money Deposit and any other earnest
monies paid or required to be paid in connection with this transaction,collectively the"Earnest Money Deposit",shall be deposited
and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is otherwise
terminated.In the event: (1)this offer is not accepted;or(2)a condition of any resulting contract is not satisfied,then the Earnest
Money Deposit shall be refunded to Buyer. In the event of breach of this Contract by Seller, the Earnest Money Deposit shall he
refunded to Buyer upon Buyer's request,but such return shall not affect any other remedies available to Buyer for such breach.In
the event of breach of this Contract by Buyer, the Earnest Money Deposit shall be paid to Seller as liquidated damages and as
Seller's sole and exclusive remedy for such breach,but without limiting Seller's rights under Paragraphs 2(c)and 2(d)for damage to
the Property or Seller's right to retain the Due Diligence Pee. It is acknowledged by the parties that payment of the Earnest Money
Deposit to Seller in the event of a breach of this Contract by Buyer is compensatory and not punitive, such amount being a
reasonable estimation of the actual loss that Seller would incur as a result of such breach. The payment of the Earnest Money
Deposit to Seller shall not constitute a penalty or forfeiture hut actual compensation for Seller's anticipated loss, both panics
acknowledging the difficulty determining Seller's actual damages for such breach. If legal proceedings are brought by Buyer or
Seller against the other to recover the Earnest Money Deposit,the prevailing party in the proceeding shall be entitled to recover from
the non-prevailing party reasonable attorney fees and court costs incurred in connection with the proceeding.
(f) "Escrow Agent"(insert name): CL,4 tc7 f'4'r !7�`orr7.1
NOTE: In the event of a dispute between Seller and Buyer over the disposition of the Earnest Money Deposit held in escrow, a
licensed real estate broker ("Broker") is required by state law (and Escrow Agent. if not a Broker, hereby agrees) to retain the
Earnest Money Deposit in the Escrow Agent's trust or escrow account until Escrow Agent has obtained a written release from the
parties consenting to its disposition or until disbursement is ordered by a court of competent jurisdiction.Alternatively,if a Broker
or an attorney licensed to practice law in North Carolina("Attorney")is holding the Earnest Money Deposit,the Broker or Attorney
may deposit the disputed monies with the appropriate clerk of court in accordance with the provisions of N.C.G.S.§93A-12.
THE PARTIES AGREE THAT A REAL ESTATE BROKERAGE FIRM ACTING AS ESCROW AGENT MAY PLACE THE
EARNEST MONEY DEPOSIT IN AN INTEREST BEARING TRUST ACCOUNT AND THAT ANY INTEREST EARNED
THEREON SHALL BE DISBURSED TO THE ESCROW AGENT MONTHLY IN CONSIDERATION OF THE. EXPENSES
INCURRED BY MAINTAINING SUCH ACCOUNT AND RECORDS ASSOCIATED THEREWITH.
(g) "Effective Date":The date that:(1)the last one of Buyer and Seller has signed or initialed this offer or the final counteroffer,if
any,and(2)such signing or initialing is communicated to the party making the offer or counteroffer,as the case may be.The parties
acknowledge and agree that the.initials lines at the bottom of each page of this Contract arc merely evidence of their having
reviewed the terms of each page,and that the complete execution of such initials lines shall not be a condition of the effectiveness of
this Agreement.
(h) "Due Diligence":Buyer's opportunity to investigate the Property and the transaction contemplated by this Contract,including
but not necessarily:imited to the matters described in Paragraph 2 below,to decide whether Buyer,in Buyer's sole discretion,will
proceed with or terminate the transaction.
(i) "Due Diligence Fee":A negotiated amount,if any,paid by Buyer to Seller with this Contract for Buyer's right to terminate the
Contract for any reason or no reason during the Due Diligence Period.It shall be the property of Seller upon the Effective Date and
shall be a credit to Buyer at Closing.The Due Diligence Fee shall be non-refundable except in the event of a material breach of this
Contract by Seller,or if this Contract is terminated under Paragraph 6(nt)or Paragraph 9,or as otherwise provided in any addendum
hereto.Buyer and Seller each expressly waive any right that they may have to deny the right to conduct Due Diligence or to assert
any defense as to the enforceability of this Contract based on the absence or alleged insufficiency of any Due Diligence Fee,it being
the intent of the parties to create a legally binding contract for the purchase and sale of the Property without regard to the existence
or amount of any Due Diligence Fee.
(j) "Due Diligence Period": The period beginning on the Effective Date and extending through 5:00 p.m. on
TIME BEING OF THE ESSENCE
with regard to said date.
Page 2 of II
STANDARD FORM 124
, Revised 7/2017
Buyer initials /"1 Seller initials D 7/2017
Produced rdb noFom+b by ilplcglx 113070 Mow 3014 31060 Fraw.Mchgan 46026
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Oct 10 2017 04:16PM VHRI 9197085804 page 4
(k) "Settlement":The proper execution and delivery to thc closing attorney of all documents necessary to complete the transaction
contemplated by this Contract,including the deed,settlement statement,deed of trust and other loan or conveyance documents,and
the closing attorney's receipt of all funds necessary to complete such transaction.
(1) "Settlement Date":The parties agree that Settlement will take place on ‘1.—/5-
(the"Settlement Date"),unless otherwise agreed in writing,at a time and place designated by Buyer.
(m) "Closing":The completion of the legal process which results in the transfer of title to the Property from Seller to Buyer,which
includes the following steps: (1) the Settlement(defined above): (2) the completion of a satisfactory title update to the Property
following the Settlement;(3)the closing attorney's receipt of authorization to disburse all necessary funds;and(4)recordation in the
appropriate county registry of the deed(s)and deed(s)of trust,if any,which shall take place as soon as reasonably possible for the
closing attorney after Settlement.Upon Closing,the proceeds of sale shall be disbursed by the closing attorney in accordance with
the settlement statement and the provisions of Chapter 45A of the North Carolina General Statutes.If the title update should reveal
unexpected liens,encumbrances or other title defects,or if the closing attorney is not authorized to disburse all necessary funds,thee
the Closing shall be suspended and the Settlement deemed delayed under Paragraph 10(Delay in Settlement/Closing).
WARNING: The North Carolina State Bar has determined that the performance of most acts and services required for a closing
constitutes the practice of law and must be performed only by an attorney licensed to practice law in North Carolina. State law
prohibits unlicensed individuals or fines from rendering legal services or advice. Although non-attorney settlement agents may
perform limited services in connection with a closing,they may not perform all the acts and services required to complete a closing.
A closing involves significant legal issues that should be handled by an attorney.Accordingly it is the position of the North Carolina
Bar Association and the North Carolina Association of REALTORS® that all buyers should hire an attorney licensed in North
Carolina to perform a closing.
(n)"Special Assessments":A charge against the Property by a governmental authority in addition to ad valorem taxes and recurring
governmental service fees levied with such taxes,or by an owners'association in addition to any regular assessment(dues),either of
which may be a lien against the Property.A Special Assessment may be either proposed or confirmed.
"Proposed Special Assessment":A Special Assessment that is under formal consideration but which has not been approved prior
to Settlement.
"Confirmed Special Assessment": A Special Assessment that has been approved prior to Settlement whether or not it is fully
payable at time of Settlement.
2. BUYER'S DUE DILIGENCE PROCESS:
WARNING: BUYER TS STRONGLY ENCOURAGED TO CONDUCT DUF. DILIGENCE DURING THE DUE DILIGENCE
PERIOD.If Buyer is not satisfied with the results or progress of Buyer's Due Diligence,Buyer should terminate this Contract,prior
to the expiration of the Due Diligence Period, unless Buyer can obtain a written extension from Seller. SF]IF,R IS NOT
OBLIGATED TO GRANT AN EXTENSION.Although Buyer may continue to investigate the Property following the expiration of
the Due Diligence Period, Buyer's failure to deliver a Termination Notice to Seller prior to the expiration of the Due Diligence
Period will constitute a waiver by Buyer of any right to terminate this Contract based on any matter relating to Buyer's Due
Diligence. Provided however, following the Due Diligence Period,Buyer may still exercise a right to terminate if Seller fails to
materially comply with any of Seller's obligations under paragraph 6 of this Contract or for any other mason permitted under the
terms of this Contract or North Carolina law.
(a) Loan:Buyer,at Buyer's expense,shall he entitled to pursue qualification for and approval of the Loan if any.
NOTE: Buyer's obligation to purchase thc Property is not contingent on obtaining a Loan. Therefore, Buyer is advised to consult
with Buyer's lender prior to signing this offer to assure that the Due Diligence Period allows sufficient time for the appraisal to be
completed and for Buyer's lender to provide Buyer sufficient information to decide whether to proceed with or terminate the
transaction.
(b) Property Investigation:Buyer or Buyer's agents or representatives,at Buyer's expense,shall be entitled to conduct all desired
tests,surveys, appraisals, investigations,examinations and inspections of the Property as Buyer deems appropriate, including but
NOT limited to the following:
Page 3 of 11
STANDARD FORM 12-T
Revised 7/2017
Buyer initials C/2'9 Seller initials 0 7/2017
PmCucad rah:'Prom?.by AAA*16070 ra.un Mia Rona.F,ser.Whorl 4602E Ery""ria rpm
RECEIVED 10/10/2017 04:30PM 9197757533 COUNTRY FAIR HOMES
Oct 10 2017 04:18PM 11-111 9197085804 page 5
(i) Soil And Environmental:Reports to determine whether the soil is suitable for Buyer's intended use and whether there is
aay environmental contamination,law,rule or regulation that may prohibit,restrict or limit Buyer's intended use.
(ii) Septic/Sewer System: Any applicable investigation(s)to determine: (1)the condition of an existing sewage system,(2)
the costs and expenses to install a sewage system approved by an existing Improvement Permit,(3)the availability and
expense to connect to a public or community sewer system, and/or (4) whether an Improvement Permit or written
evaluation may be obtained from the County Health Department for a suitable ground absorption sewage system.
(iii) Water:Any applicable investigation(s)to determine:(1)the condition of an existing private drinking water well,(2)the
costs and expenses to install a private drinking water well approved by an existing Construction Permit, (3) the
availability,costs and expenses to connect to a public or community water system,or a shared private well.and/or(4)
whether a Construction Permit may he obtained from the County Health Department for a private drinking water well.
(iv) Review of Documents:Review of the Declaration of Restrictive Covenants,Bylaws,Articles of Incorporation,Rules and
Regulations,and other governing documents of any a?plicable owners'association and/or subdivision.If the Property is
subject to regulation by an owners' association,it is recommended that Buyer review the completed Owners'Association
And Addendum(Standard Form 2Al2-T)provided by Seller prior to signing this otTer. It is also recommended that the
Buyer determine if the owners' association or its management company charges fees for providing information require
by Buyer's lender or confirming restrictive covenant compliance.
(v) Appraisals:An appraisal of the Property.
(vi) Survey: A survey to determine whether the property is suitable for Buyer's intended use and the location of easements,
setbacks,property boundaries and other issues which may or may not constitute title defects.
(vii) Zoning and Governmental Regulation: Investigation of current or proposed zoning or other governmental regulation
that may affect Buyer's intended use of the Property, adjacent land uses, planned or proposed road construction, and
school attendance zones.
(viii) Flood Hazard: Investigation of potential flood hazards on the Property, and/or any requirement to purchase flood
insurance in order to obtain the Loan.
(ix) Utilities and Access: Availability, quality, and obligations for maintenance of utilities including electric, gas,
communication services,stormwater management,and means of access to the Property and amenities.
(x) Streeta/Roads: Investigation of the status of the street/road upon which the Property fronts as well as any other
street/road used to access the Property,including:(1)whether any strect(s)/rrad(s)are public or private,(2)whether any
street(s)/road(s)designated as public are accepted for maintenance by the State of NC or any municipality,or(3)if private
or not accepted for public maintenance,the consequences and responsibility for maintenance and the existence,terms and
funding of any maintenance agreements.
NOTE: NC General Statutes Section 136-102.6(f) (the "Statute") requires that under circumstances described in the
Statute, a buyer must be provided a subdivision streets disclosure statement prior to entering into an agreement to buy
subdivided property described in the Statute.If Buyer or Seller are uncertain whether the sale of the Property described in
this Contract is subject to the Statute,consult a NC real estate auurney.
(c) Buyer's Obligation to Repair Damage: Buyer shall, at Buyer's expense, promptly repair any damage to the Property
resulting from any activities of Buyer and Buyer's agents and contractors,but Buyer shall not be responsible for any damage caused
by accepted practices applicable to any N.C.licensed professional performing reasonable appraisals,tests,surveys,examinations and
inspections of the Property.This repair obligation shall survive any termination of this Contract.
(d) Indemnity: Buyer will indemnify and hold Seller harmless from all loss,damage,claims,suits or costs,which shall arise out
of any contract, agreement, or injury to any person or property as it result of any activities of Buyer and Buyer's agents and
contractors relating to the Property except for any loss, damage, claim, suit or cost arising out of pre-existing conditions of the
Property and/or out of Seller's negligence or willful acts or omissions.This indemnity shall survive this Contract and any termination
hereof.
(e) Boyer's Right to Terminate:Buyer shall have the right to terminate this Contract for any reason or no reason,by delivering to
Seller written notice of termination (the "Termination Notice") during the Due Diligence Period (or any agreed-upon written
extension of the Due Diligence Period).TIME BEING OF TILE ESSENCE.If Buyer timely delivers the Termination Notice, this
Contract shall be terminated and the Earnest Money Deposit shall be refunded to Buyer.
(0 CLOSING SHALL CONSTITUTE ACCF2FANCE OF THE PROPERTY IN ITS THEN EXISTING CONDITION
UNLESS PROVISION IS OTHERWISE MADE IN WRITING.
3. BUYER REPRESENTATIONS:
(a) Loan:Buyer❑ does ❑ does not intend to obtain a new loan in order to purchase the Property.If Buyer is obtaining a new
loan,Buyer intends to obtain a loan as follows: ❑ Conventional ❑ Other. loan at a
Page 4 of 11 STANDARD FORM 12-T
Revised 7/2017
Buyer initials _ Seller initials C 7/2017
rtcsbcasw/R rFFor ne by Dolor, 91070 Moen Mb Road.Fraw,MINIM 48026 0414 ram
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Oct 10 2017 04:19PM VHRI 9197085804 page 6
❑ Fixed Rate ❑ Adjustable Rate in thc principal amount of for a term of year(s),at
an initial interest rate not to exceed %per annum(the"Loan").
INOTE: Buyer's obligations under this Contract are not conditioned upon obtaining or closing any loan.
NOTE: If Buyer does not intend to obtain a new loan,Seller is advised,prior to signing this offer,to obtain documentation from
Buyer which demonstrates that Buyer will be able to close on the Property without the necessity of obtaining a new loan.
(b) Other Property:Buyer ❑ does ❑does not have to sell or lease other real property in order to qualify for a new loan or to
complete purchase.
NOTE: If Buyer does have to sell,Buyer and Seller should consider including a Contingent Sale Addendum(Standard Form 2A2-
T)with this offer.
(c) Performance of Buyer's Financial Obligations: To the best of Buyer's knowledge, there arc no other circumstances or
conditions existing as of the date of this offer that would prohibit Buyer from performing Buyer's financial obligations in accordance
with this Contract,except as may be specifically set forth herein.
4. BUYER OBLIGATIONS:
(a) Responsibility for Proposed Special Assessments:Buyer shall take title subject to all Proposed Special Assessments.
(b) Responsibility for Certain Costs:Buyer shall be responsible fur all costs with respect to:
(i)any loan obtained by Buyer, including charges by an owners association and/or management company as agent of an
owners'association for providing information required by Buyer's lender;
(ii)charges required by an owners'association declaration to be paid by Buyer for Buyer's future use and enjoyment of the
Property,including,without limitation,working capital contributions,membership fees, or charges for Buyer's use of the
common elements and/or services provided to Buyer,such as"move-in fees";
(iii)determining restrictive covenant compliance;
(iv)appraisal;
(v)title search;
(vi)title insurance;
(vii)any fees charged by the closing attorney for the preparation of the Closing Disclosure,Seller Disclosure and any other
settlement statement;
(viii)recording the deed;and
(ix)preparation and recording of all instruments required to secure the balance of the Purchase Price unpaid at Settlement.
(c) Authorization to Disclose Information: Buyer authorizes the Buyer's lender(s), the parties' real estate agent(s)and closing
attorney:(I)to provide this Contract to any appraiser employed by Buyer or by Buyer's lender(s);and(2)to release and disclose any
buyer's closing disclosure, settlement statement and/or disbursement summary, or any information therein, to thc parties to this
transaction,their real estate agent(s)and Buyer's lender(s)
5. SELLER REPRESENTATIONS:
(a) Ownership:Seller represents that Seller:
jahas owned the Property for at least one year.
❑ has owned the Property for less than one year.
❑ does not yet own the Property.
(b) Assessments:To the best of Seller's knowledge there are no Proposed Special Assessments except as follows(Insert "None'or
the identification of such assessments,if any):
Seller warrants that there are no Confirmed Special Assessments except as follows (Insert "None" or the identification of such
assessments,if any):
(c) Owners'Assoeiatlon(s)and Dues:To best of Seller's knowledge,ownership of the Property ❑ subjects 0 does not subject
Buyer to regulation by one or more owners'association(s)and governing documents,which impose various mandatory covenants,
conditions and restrictions upon the Property and Buyer's enjoyment thereof,including but not limited to obligations to pay regular
assessments (dues) and Special Assessments. If there is an owners' association, then an Owners' Association Disclosure and
Addendum For Properties Exempt from Residential Property Disclosure Statement(Standard Form 2Al2-T)shall be completed by
Seller,at Seller's expense,and must be attached as an addendum to this Contract.
Page 5 of I I STANDARD FORM 12-T
Revised 7/2017
Buyer initials �! Seller initials ®7/2017
R'ad,eei wits*fame br flsLsg.t 8070 Fihrn Mb Read Frac.Who...4103211 versaigaittagel
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(d) Sewage System Permit: (❑ Applicable ❑ Not Applicable) Seller warrants that the sewage system described in the
Improvement Permit attached hereto has been installed,which representation survives Closing,but makes no further representations
as to the system.
(e) Private Drinking Water Well Penult: (❑ Applicable ❑ Not Applicable)Seller warrants that a private drinking water well
has been installed,which representation survives Closing,but makes no further representations as to the well.(If well Installed after
July 1,2008,attach Improvement Permit hereto.)
6. SELLER OBLIGATIONS:
(a) Evidence of Title,Payoff Statement(s)and Non Foreign Status:
(i) Seller agrees to use best efforts to provide to the closing attorney as soon as reasonably possible after the Effective Date,
copies of all title information in possession of or available to Seller, including but not limited to: title insurance policies,
attorney's opinions on title,surveys,covenants,deeds,notes and deeds of trust,leases,and easements relating to the Property.
(ii)Seller shall provide to the closing attorney all information needed to obtain a written payoff statement from any lender(s)
regarding any security interest in the Property as soon as reasonably possible aftcr the Effective Date,and Seller designates the
closing attorney as Seller's agent with express authority to request and obtain on Seller's behalf payoff statements and/or
short-pay statements from any such lender(s).
(iii)If Seller is not a foreign person as defined by the Foreign Investment in Real Property Tax Act,Seller shall also provide
to the closing attorney a non-foreign status affidavit(pursuant to the Foreign Investment in Real Property Tax Act). In the
event Seller shall not provide a non-foreign status affidavit,Seller acknowledges that there may be withholding as provided by
the Internal Revenue Code.
(b) Authorizadexn to Disclose Information: Seller authorizes: (1) any attorney presently or previously representing Seller to
release and disclose any title insurance policy in such attorney's file to Buyer and both Buyer's and Seller's agents and attorneys; (2)
the Property's title insurer or its agent to release and disclose all materials in the Property's title insurer's(or title insurer's agent's)file
to Buyer and both Buyer's and Seller's agents and attorneys,and(3)the closing attorney to release and disclose any seller's dosing
disclosure,settlement statement and/or disbursement summary,or any information therein,to the parties to this transaction,their real
estate agent(s)and Buyer's lender(s).
(c) Access to Property: Seller shall provide reasonable access to the Property (including working,existing utilities)through the
earlier of Closing or possession by Buyer,including,but not limited to,allowing the Buyer and/or Buyer's agents or representatives
an opportunity to(i)conduct Due Diligence, (ii) verify the satisfactory completion of negotiated repairshrprovernents,and(iii)
conduct a final walk-through inspection of the Property.To the extent applicable,Seller shall also he responsible for timely clearing
that portion of the Property required by the County to perform tests,inspections and/or evaluations to determine the suitability of the
Property for a sewage system and/or private drinking water well.
NOTE: See WARNING in parafraph 2 above for limitation on Buyer's right to terminate this Contract as a result of Buyer's
continued investigation of the Property following the expiration of the Due Diligence Period.
(d) Removal of Seller's Property: Seller shall remove from the Property, by the date possession is delivered, (i) all personal
property which is not a part of the purchase and(ii)unless otherwise agreed,all garbage and debris.
(e) Affidavit and Indemnification Agreement;Seller shall furnish at Settlement an affmdavil(s)and indemnification agreement(s)
in form satisfactory to Buyer and Buyer's title insurer,if any,executed by Seller and any person or entity who has performed or
furnished labor,services,materials or rental equipment to the Property within 120 days prior to the date of Settlement and who may
be entitled to claim a lien against the Property as described in N.C.G.S.§44A-8 verifying that each such person or entity has been
paid in full and agreeing to indemnify Buyer,Buyer's lender(s)and Buyer's title insurer against all loss from any cause or claim
arising therefrom.
(f) Designation of Iden Agent, Payment and Satisfaction of Liens: If required by N.C.G.S. §44A-11.1, Seller shall have
designated a Lien Agent,and Seller shall deliver to Buyer as soon as reasonably possible a copy of the appointment of Lien Agent.
AU deeds of trust,deferred ad valorem taxes,liens and other charges against the Property,not assumed by Buyer,must be paid and
satisfied by Seller prior to or at Settlement such that cancellation may be promptly obtained following Closing. Seller shall remain
obligated to obtain any such cancellations following Closing.
(g) Good Title,Legal Access: Seller shall execute and deliver a GENERAL WARRANTY DEED for the Property in recordable
form no later than Settlement,which shall convey fee simple marketable and insurable title,without exception for mechanics'liens,
and free of any other liens,encumbrances or defects,including those which would be revealed by a current and accurate survey of
Page 6 of 11
STANDARD FORM 12-T
��// Revised 7/2017
Buyer initials ole Seller initials _ A 7/2017
Protium!mei xbFemab7:pro*t8070Fawn lasroad.Poar.Mchgan40025 aateahtao0cmet
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the Property,except:ad valorem taxes fur the current year(prorated through the date of Settlement);utility easements and unviolated
covenants, conditions or restrictions that do not materially affect the value of the Property;and such other liens,encumbrances or
defects as may be assumed or specifically approved by Buyer in writing.The Property must have legal access to a public right of
way.
NOTE: Buyer's failure to conduct a survey or examine title of the Property prior to the expiration of the Due Diligence Period does
not relieve the Seller of their obligation to deliver good title under this paragraph.
NOTE: If any sale of the Property may be a "short talc," consideration should be given to attaching a Short Sale Addendum
(Standard Form 2A14-T)as an addendum to this Contract
(h) Deed, Taxes, and Fees: Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's
obligations under this Contract, and for state and county excise taxes, and any deferred,discounted or rollback taxes, and local
conveyance fees required by law.The deed is to be made to:
•
(i) Agreement to Pay Buyer Expenses:Scller shall pay at Settlement S toward any of Buyer's
expenses associated with the purchase of the Property,at the discretion of Buyer and/or lender,if any,including any FHA/VA lender
and inspection costs that Buyer is not permitted to pay.
(j) Owners' Association Fees/Charges: Seller shall pay: (i) any fees required for confirming Seller's account payment
information on owners' association dues or assessments for payment or proration;(ii)any fees imposed by an owners' association
and/or a management company as agent of the owners' association in connection with the transaction contemplated by this Contract
other than those fees required to be paid by Buyer under paragraph 4(b)above;and(iii)fees incurred by Seller in completing the
Residential Property and Owners' Association Disclosure Statement,and resale or other certificates related to a proposed sale of the
Property.
(k) Payment of Confirmed Special Assessments: Seller shall pay all Confirmed Special Assessments, if any,provided that the
amount thereof can he reasonably determined or estimated.The payment of such estimated amount shall be the final payment
between the Parties.
(1) Late Listing Penalties:All property tax late listing penalties,if any,shall be paid by Seller.
(m)Owners' Association Disclosure and Condominium Resale Statement Addendum(Standard Form 2Al2-T): If applicable,
Seller shall provide the completed Owners'Association Disclosure and Condominium Resale Statement Addendum to Buyer on or
before the Effective Date.
(n) Seller's Failure to Comply or Breach: If Seller fails to materially comply with any of Seller's obligations under this
Paragraph 6 or Seller materially breaches this Contract,and Buyer elects to terminate this Contract as a result of such failure or
breach,then the Earnest Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall reimburse to Buyer
the reasonable costs actually incurred by Buyer in connection with Buyer's Due Diligence without affecting any other remedies. If
legal proceedings are brought by Buyer against the Seller to recover the Earnest Money Deposit,the Due Diligence Fee and/or the
reasonable costs actually incurred by Buyer in connection with Buyer's Due Diligence,the prevailing party in the proceeding shall
be entitled to recover from the non-prevailing party reasonable attorney fees and court costs incurred in connection with the
proceeding.
7. PROBATIONS AND ADJUSTMENTS: Unless otherwise provided, the following items shall be prorated through the date of
Settlement and either adjusted between the parties or paid at Settlement:
(a) Taxes on Real Property:Ad valorem taxes and recurring governmental service fees levied with such taxes on real property
shall be prorated on a calendar year basis;
(b) Rents:Rents,if any,for the Property;
(c) Dues:Owners'association regular assessments(dues)and other like charges.
8. CONDITION OF PROPERTY AT CLOSING: Buyer's obligation to complete the transaction contemplated by this Contract
shall be contingent upon the Property being in substantially the same or better condition at Closing as on the date of this offer,reasonable
wear and tear excepted.
9. RISK OF LOSS:The risk of loss or damage by fire or other casualty prior to Closing shall be upon Seller.If the improvements on
the Property are destroyed or materially damaged prior to Closing, Buyer may terminate this Contract by written notice delivered to
Seller or Seller's agent and the Earnest Money Deposit and any Due Diligence Fee shall be refunded to Buyer.In the event Buyer does
Page 7 of 11 STANDARD FORM 12-T
Revised 712017
Buyer initials Seller initials 0 7/2017
Produced with ware sy iiitoglit 15070 Fifteen MN Re ad.t raw,Afdi..n 48025 Nw.v:iat4lmp00
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NOT elect to terminate this Contract,Buyer shall be entitled to receive, in addition to the Property,any of Seller's insurance proceeds
payable on account of the damage or destruction applicable to the Property being purchased. Seller is advised not to cancel existing
insurance on the Property until after confirming recordation of the deed.
10. DELAY IN SETTLEMENT/CLOSING: Absent agreement to the contrary in this Contract or any subsequent modification
thereto,if a party is unable to complete Settlement by the Settlement Date but intends to complete the transaction and is acting in good
faith and with reasonable diligence to proceed to Settlement ("Delaying Party"), and if the other party is ready, willing and able to
complete Settlement on the Settlement Date("Non-Delaying Party")then the Delaying Party shall give as much notice as possible to the
Non-Delaying Party and closing attorney and shall be entitled to a delay in Settlement. If the parties fail to complete Settlement and
Closing within fourteen(14)days of the Settlement Dale(including any amended Settlement Date agreed to in writing by the parties)or
to otherwise extend the Settlement Date by written agreement,then the Delaying Party shall be in breach and the Non-Delaying Party
may terminate this Contract and shall be entitled to enforce any remedies available to such party under this Contract for the breach.
11. POSSESSION: Unless otherwise provided herein, possession, including all means of access to the Property (keys, codes,
including security codes,gate openers,electronic devices,etc.)shall be delivered at Closing as defined in Paragraph 1(m).No alterations,
excavations,tree or vegetation removal or other such activities may be done before possession is delivered.
12. ADDENDA: CHECK ALL STANDARD ADDENDA THAT MAY BE A PART OF THIS CONTRACT, IF ANY, AND
ATTACH HERETO.ITEMIZE ALL OTHER ADDENDA TO THIS CONTRACT,IF ANY,AND ATTACH HERETO.
❑ Additional Provisions Addendum(Form 2A11-T) ❑ Owners'Association Disclosure And Addendum For Properties
❑ Additional Signatures Addendum(Form 3-T) Exempt from Residential Property Disclosure Statement(Form
❑ Back-Up Contract Addendum(Form 2A1-T) 2Al2-1')
❑ Contingent Sale Addendum(Form 2A2-T) ❑ Seller Financing Addendum(Form 2A5-T)
❑ Loau Assumption Addendum(Form 2A6-T) 0 Short Sale Addendum(Form 2A14-T)
❑ Identify other attorney or party drafted addenda:
NOTE: UNDER NORTH CAROLINA LAW, REAL ESTATE BROKERS ARE NOT PERMITTED'10 DRAFT ADDENDA TO
THIS CONTRACT.
13. ASSIGNMENTS: This Contract may not be assigned without the written consent of all patties except in connection with a tax-
deferred exchange,but if assigned by agreement,then this Contract shall be binding on the assignee and assignee's heirs and successors.
14. TAX-DEFERRED EXCHANGE: In the event Buyer or Seller desires to effect a tax-deferred exchange in connection with the
conveyance of the Property, Buyer and Seller agree to cooperate in effecting such exchange; provided, however, that the exchanging
party shall be responsible for all additional costs associated with such exchange,and provided further,that a non-exchanging party shall
not assume any additional liability with respect to such tax-deferred exchange.Buyer and Seller shall execute such additional documents,
including assignment of this Contract in connection therewith, at no cost to the non-exchanging party,as shall be required to give effect
to this provision.
11 PARTIES: This Contract shall be binding upon and shall inure to the benefit of Buyer and Seller and their respective heirs,
successors and assigns. As used herein, words in the singular include the plural and the masculine includes the feminine and neuter
genders,as appropriate.
16. SURVIVAL: If any provision herein contained which by its nature and effect is required to be observed,kept or performed after
the Closing,it shall survive the Closing and remain binding upon and for the benefit of the parties hereto until fully observed,kept or
performed.
17. ENTIRE AGREEMENT: This Contract contains the entire agreement of the parties and there are no representations,
inducements or other provisions other than those expressed herein. All changes, additions or deletions hereto must be in writing and
signed by all parties. Nothing contained herein shall alter any agreement between a REALTOR®or broker and Seller or Buyer as
contained in any listing agreement,buyer agency agreement,or any other agency agreement between them.
18. CONDUCT OF TRANSACTION: The parties agree that any action between them relating to the transaction contemplated by
this Contract may be conducted by electronic means,including the signing of this Contract by one or more of them and any notice or
Page 8 of I 1
STANDARD FORM 12-T
Revised 7/2017
Buyer initials e") /� Seller initials 0 7/2017
Rcuucao.15,ipr oeme ey dp.aae 16070 Filar,rr*Road,n...,.Manplin 40020 TantailLaiiiMai
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Oct 10 2017 04:21141 \A-IRI 9197085804 page 10
•
communication given in connection with this Contract.Any written notice or communication may bis transmitted to any mailing address,
e-mail address or fax number set forth in the"Notice Information"section below. Any notice or communication to he given to a party
herein,any any fee,deposit of other payment to be delivered to a party herein,may be given to the party or to such party's agent.Seller
and Buyer agree that the "Notice Information" and "Acknowledgment of Receipt of Monies" sections below shall not constitute a
material part of this Contract,and that the addition or modification of any information therein shall not constitute a rejection of an offer
or the creation of a counteroffer.
19. EXECUTION: This Contract may be signed in multiple originals or countetpans, all of which together constitute one and the
same instrument.
20. COMPUTATION OF DAYS/TIME OF DAY: Unless otherwise provided for purposes of this Contract, the term"days" shall
mean consecutive calendar days,including Saturdays, Sundays.and holidays,whether federal,state,local or religious.For the purposes
of calculating days, the count of'days" shall begin oa the day following the day upon which any act or notice as provided in this
Contract was required to be performed or made.Any reference to a date or lime of day shall refer to the date and/or time of day in
the State of North Carolina.
THE NORTH CAROLINA ASSOCIATION OF REALTORSQ), INC. AND THE NORTH CAROLINA BAR ASSOCIATION MAKE
NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY
SPECIFIC TRANSACTION.IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR
LEGAL NEEDS,YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN TT.
This offer shall become a binding contract on the Effective Date.Unless specifically provided otherwise,Buyer's failure to timely deliver
any fee,deposit or otter payment provided for herein shall not prevent this offer from becoming a binding contract,provided that any
such failure shall give Seller certain rights to terminate the contract as described herein or as otherwise perntitted by law.
Date: Date:
Buy Seller
Date: ) Date:
4 Buyers (1 Seller
Entity Buyer. Entity Seller:
(Name of LLC/Corporation/Partnership/Trust/etc.) (Name of LLC/Corporation/Partnership/ nistietc.)
By: By:
Name: Name:
'Title: Title:
Date: Date:
Page 9 of I I
STANDARD FORM 12-7'
Revised 7/2017
®7/2017
Produud with OpFomd by tptaph 19070 Fgeen Me Pond.Fraser,WOO,4!025 yl! ..man om
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NOTICE INFORMATION
NOTE: INSERT AT LEAST ONE ADDRESS AND/OR ELEC:IRONIC DELIVERY ADDRESS EACH PARTY AND AGENT
APPROVES FOR THE RECEIPT OF ANY NOTICE CONTEMPLATED BY THIS CONTRACT.INSERT"N/A"FOR ANY WHICH
ARE NOT APPROVED.
BUYER NOTICE ADDRESS: SELLER NOTICE ADDRESS:
Mailing Address: \t k9 3� Coon�/ L'ne Mailing
Address:
L o 1-(ji n'v b.1 0.c1� �cL
Buyer Faxit: Seller Fax#:
Buyer E-mail: Cc-4'At't'Ytoa-f1I l yea hm.(ory) Seller E-mail:
SELLING AGENT NOTICE ADDRESS: / LLSTING AGENT NOTICE ADDRESS:
Finn Name: Firm Name:
Acting asp Buyer's Agcnt❑Seller's(sub)Agent(]Dual Agent Acting as ❑ Seller's Agent❑ Dual Agent
Firm License#: Firm License#:
Mailing Address: Mailing Address:
Individual Selling Agent: Individual Listing Agent
❑ Acting as a Designated Dual Agent(check only if applicable) ❑ Acting as a Designated Dual Agent(check only if applicable)
Selling Agent License#: Listing Agent License#:
Selling Agent Phone#: Listing Agent Phone#:
Selling Agent Fax# Listing Agent Fax#:
Selling Agent E-mail: I.fisting Agent E-mail:
(THIS SPACE INTENTIONALLY LEFT BLANKI
Page 10 of II
STANDARD FORM 12-T
Revised 7/2017
0 7/2017
Praduosd wir$' Fro rrrrs by ilti.og18 18070 1ti58en MM 1 ed.f rash,Whom Aeon MAIL888,1818M0
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Oct 10 2017 04:22PM VHRI 9197085804 page 12
ACKNOWLEDGMENT OF RECEIPT OF MONIES
Seller. _ ("Seller")
Buyer. ('.Buyer")
Property Address: ("Property')
❑ LISTING AGENT ACKNOWLEDGMENT OF RECEIPT OF DUE DILIGENCE FEE
Paragraph 1(d)of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the payment to
Seller of a Due Diligence Fee in the amount of$ ,receipt of which Listing Agent hereby acknowledges.
Date: Firm:
By:
(Signature)
(Print name)
❑ SELLER ACKNOWLEDGMENT OF RECEIPT OF'DUE DILIGENCE FEE
Paragraph 1(d)of the Offer to Purchase and Contract between Buyer and Seller fur the sale of the Property provides for the payment to
Seller of a Due Diligence Fee in the amount of$ ,receipt of which Seller hereby acknowledges.
Date: Seller:
(Signature)
Date: Seller:
(Signature)
(21 ESCROW AGENT ACKNOWLEDGMENT OF RECEIPT OF INITIAL EARNEST MONEY DEPOSIT
Paragraph 1(d)of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the payment to
Escrow Agent of an Initial Earnest Money Deposit in the amount of$ Fscmw Agent as identified in Paragraph
I(t)of the Offer to Purchase and.Contract hereby acknowledges receipt of the Initial Earnest Money Deposit and agrees to hold and
disburse the same in accordance with the terms of the Offer to Purchase and Contract.
Date: Flint:
By:
(Signature)
(Print name)
❑ ESCROW AGENT ACKNOWLEDGMENT OF RECEIPT OF(ADDITIONAL)EARNEST MONEY DEPOSIT
Paragraph 1(d)of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the payment to
Escrow Agent of an(Additional)Earnest Money Deposit in the amount of$ .Escrow Agent as identified in
Paragraph 1(f)of the Offer to Purchase and Contract hereby acknowledges receipt of the(Additional)Earnest Money Deposit and agrees
to hold and disburse the same in accordance with the terms of the Offer to Purchase and Contract.
Date: Finn:
Time: _in AM ❑ PM By:
(Signature)
(Print name)
Page 11 of 11
STANDARD FORM 12-T
Revised 7/2017
A 7/2017
Roamed win npForofibp zIologlx 19670 Fibrin c6Y Rood.Frwr.5tch a r 41026 ww.r.zd.eokuc:0
HARNETT COUNTY CASH RECEIPTS
REPRINT
mma CUSTOMER RECEIPT mxw
Oper: 7RROCK Type: CP Drawer: 1
Date: 11/28/17 52 Receipt no: 163487
Year Number Amount
2017 50042411
94679 *UNASSIGNED
LILLINOTON, HC 27546
B4 DP - ENV HEALTH FEES
NEW TANK 5750.00
LINDA C MOON
Tender detail
CP CREDIT CARD $756,88
Total tendered $750,80
Total payment $756,00
Trans date: 11/28/17 Time: 9:56:82
4* THANK YOU FOR YOUR PAYMENT **