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HomeMy WebLinkAboutSW5240201_Property Deed_20240219 BK 2352 PG 1836 - 1840 (5) DOC# 10082752 This Document eRecorded : 12/19/2023 10: 31 : 13 AM Fee: $26. 00 Tax: $0. 00 Franklin County, North Carolina Brandi Smith Brinson , Register of Deeds Excise Tax $0.00 Recording Time, Book and Page PIN: 1843-92-6389 Parcel ID: 049679 Verified by County on the day of , 2023 by Mail after recording to: K&L Gates LLP Attn. : Robert B. Womble 301 Hillsborough Street, Suite 1200 Raleigh, North Carolina 27603-0003 This instrument was prepared by: K&L Gates LLP (RBW) No Title Examination Brief description Tract 2 - Map Book 2023, Page 88 for the Index: NORTH CAROLINA SPECIAL WARRANTY DEED THIS DEED made as of this 19th day of December, 2023, by and between GRANTOR GRANTEE ARS Wrenn Estates, LLC ARS Wrenn Farms, LLC a North Carolina limited liability company a North Carolina limited liability company 1524 Canterbury Road 1524 Canterbury Road Raleigh , North Carolina 27608 Raleigh , North Carolina 27608 The designation Grantor and Grantee, as used herein, shall include said parties, their heirs, successors, and assigns, and shall include singular, plural, masculine, feminine or neuter as required by context. Submitted electronically by K&L Gates LLP in compliance with North Carolina statutes governing recordable documents and the terms of the submitter agreement with the Franklin County Register of Deeds. BK 2352 PG 1837 DOC# 10082752 WITNESSETH, that Grantor, for a valuable consideration paid by Grantee, the receipt of which is hereby acknowledged, has and by these presents does grant, bargain, sell and convey unto Grantee in fee simple, all those certain tracts or parcels of land described on Exhibit A attached hereto and made a part hereof (the "Property"). TO HAVE AND TO HOLD the aforesaid Property and all privileges and appurtenances thereto belonging to Grantee in fee simple. Grantor covenants with Grantee that Grantor has done nothing to impair such title in and to the Property as Grantor received , and Grantor will specially warrant and defend the title to the Property against the lawful claims of all persons claiming by, under or through Grantor, except with respect to the exceptions reflected on Exhibit B attached hereto. The Property does not include the primary residence of Grantor. This instrument prepared by: Robert B. Womble, a licensed North Carolina attorney. Delinquent taxes, if any, to be paid by the closing attorney to the county tax collector upon disbursement of closing proceeds. [Signature Page Follows] 2 317040915.4 BK 2352 PG 1838 DOC# 10082752 IN WITNESS WHEREOF, Grantor has executed this instrument under seal as of the day and year first above written. Grantor: ARS WRENtST ' � E `, L By: ./A Brent IT W.r.d ' SecreP: iy and Authorized Person STATE OF rA.) /9-4 � ��( ' � COUNTY OF L./ ,4, I, the undersigned, a Notary Public of the County and State aforesaid, certify that the following person personally appeared before me this day, and acknowledged to me that he voluntarily signed the foregoing document for the purpose stated therein and in the capacity indicated: Brent E. Wood, Secretary of and Authorized Person for ARS Wrenn Estates, LLC, a North Carolina limited liability company Witness my hand and official seal, this the 14th day of December, 2023. My commission expires: � � J / --- / Z Z y Notary Public [NOTARY SEAL] `J` j / / 4 ( 6 /* / 1 Z ROBERT B. WOMBLE Print Name of Notary NOTARY PUBLIC WAKE COUNTY, N.C. My Commission Expires January 18, 2024 Signature Page to Special Warranty Deed [Tract 2 — Simply Ryan] 317040915.4 BK 2352 PG 1839 DOC# 10082752 Exhibit A Description of Property All that piece, parcel, or lot of land (the "Land"), together with any and all improvements situate thereon , situate, lying , and being in Youngsville Township, Franklin County, North Carolina, and being described as follows: BEING all of that certain tract or parcel of land designated as Tract 2, containing 24. 117 acres, as shown on plat of survey entitled "Minor Subdivision Plat For Wrenn Property", dated December 20, 2021 and revised March 1 , 2023. prepared by Michael A. Moss, Professional Land Surveyor, for Cawthorne, Moss & Panciera, PC, and recorded at Map Book 2023, Page 88, in the office of the Franklin County, North Carolina Register of Deeds, which plat is referenced for a more particular description . ***** PIN for information only: 1843-92-6389 Parcel ID for information only: 049679 Derivation for information only: Out of Book 2326, Pages 270-280, FORD Out of Book 2326, Pages 281 -290, FORD Exhibit A, Page 1 317040915.4 BK 2352 PG 1840 DOC# 10082752 Exhibit B Exceptions to Title 1 . The lien of real estate taxes and assessments for the year 2024 and subsequent years, not yet due and payable. 2 . The following matters affecting the Land as shown on the ALTAINSPS Land Title Survey dated December 20, 2021 , updated March 23, 2022 by Michael A. Moss, PLS of Cawthorne, Moss & Panciera, P.C. , Professional Land Surveyors (the "Survey"): (a) Intentionally Deleted ; (b) 50' Tar/Pamlico River Riparian Buffer; (c) Overhead Electric Line, Gas Valves, and Utility Vaults. 3. Those matters affecting the Property shown on plat of survey recorded in Map Book 2021 , Page 168 in the Office of the Franklin County Register of Deeds. 4. Those matters affecting the Property shown on Subdivision Plat recorded in Map Book 2023, Page 88 in the Office of the Franklin County Register of Deeds. 5. Transmission Line Easements to Carolina Power & Light Company recorded in Book 254, Page 299; and Book 655, Page 442 (and shown on the Survey) , in the Office of the Franklin County Register of Deeds. 6 . Easement to Carolina Power & Light Company recorded in Book 842, Page 277, in the Office of the Franklin County Register of Deeds, and shown on the Survey. 7. Title to that portion of the land lying within the bounds of NC Highway 96, and shown on the Survey. 8. Deed of Trust (Youngsville Wrenn — Lifestyle) from ARS Development, LLC to Brad Messenger and Joe Schmidtke, Trustees, for the benefit of NVR, Inc. , a Virginia corporation , dated February 16, 2023 and recorded February 17, 2023, in Book 2326, Page 309, in the Office of the Franklin County, North Carolina Register of Deeds, securing the amount of $1 ,246,950.00. 9. Deed of Trust (With Future Advance Clause) from ARS Wrenn Estates, LLC to NSB Trustee Services, LLC, Trustee, for the benefit of North State Bank, a North Carolina corporation , dated September 22, 2023 and recorded September 25 , 2023, in Book 2346, Page 150, in the Office of the Franklin County, North Carolina Register of Deeds, securing the maximum principal amount of $5,000,000.00. Exhibit B, Page 1 317040915.4