HomeMy WebLinkAboutTechet, Andrew❑CAM/ / ❑DREDGE &FILL ..r,�T �. I ( �� /�(NO. 74461 A B C D
GENERAL PERMIT Previous permit#
❑New ❑Modif cation ❑Complete Reissue ❑Partial Reissue Date previous,permit issued
As authorized by the State of North Carolina, Department of Environmerftal @bality
and the Coasta; Resources Commission in an area of environmental concern pursuant to I SA NCAC
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❑ Rules attached. —�
Project Location: County ) '
Street Address/ State Road/ Lot #(s)
Phone #
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Agent or Applicant Printed Name
Signature *• Please read compliance stateMoton-bf,ck of permit''
#
Application Fee(s) Check#
Styron, Heather M.
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From: Andrew Techet <andrew.techet@cchproperties.com>
Sent: Monday, April 29, 2019 12:47 PM
To: Styron, Heather M.
Cc: Andrew Techet
Subject: [External] 2686-2688 Leenoxville Road
Attachments:_ags_Ob7a8bf57e9d49329b51f59cb2039589.pdf; 20190403145851490.pdf
you verify. Send all susp s an attachment to
Heather -
Thank you for your time today.
Per our conversation I am seeking two storm permits for the above referenced property. 1 is a permit for the sea wall
and the second is for the dock. The permits should be issued to me as I will be closing on the property. The contract is
attached and we will close in the next week or so.
In addition to the storm permits I would like to request the necessary information and forms to install lifts on the dock,
to include the permit and the neighbor form. Lastly I know we will be performing work in and around the property and
would like to look into obtaining a minor permit for anything we might encounter or need to do outside the scope of the
repair permit.
Thank you again for all your assistance today.
Regards -
Andrew H. Techet
Owner, Broker
CCH Properties LLC
HTR Capital City Group, LLC
Office: 919-787-2599
Direct Dial: 919-900-4203
Fax:919-782-5386
STATEMENT OF CONFIDENTIALITY The information contained in this email message and any attachments may
be confidential and legally privileged and is intended for the use of the addressee(s) only. If you are not an intended
recipient, please: (1) notify me immediately by replying to this message; (2) do not use, disseminate, distribute or
reproduce any part of the message or any attachment; and (3) destroy all copies of this message and any attachments.
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2019-04-03 14:48
HICKORY FARMS 336 226 2306 >> 2527285005 P 1/10
OFFER TO PURCHASE AND CONTRACT- VACANT LOT/LAND
(Consult "Ouldelinc.4' (fbnn 120) for guidance In completing this form]
NOTE: This contract is intended for unimproved real property that Buyer will purchase only for peaxonal use and does not have
immediate plans to subdivide. It should not be used to sell property that is being subdivided unless the property ties been platted,
property approved and recorded with the rogister of deeds as of the date of the contract. If Seller is Buyer's builder and the sale Involves
the canatructioa of a new single famlly dwelling prior to closing, use the standard Offer to Purchase and Contract —Now Construction
(Form 800-T) or, if the construction is completed, use the Oflcr to Purchase and Contract (Form 2-T) with die New Construction
Addendum (Forin W-T).
For valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Buyer offers to purchase and Seller upon
acceptance agrees to sell and convey the Propcny on duo forms and conditions of this Offer To Purchase and Coiuraci and any addcudurl
or modification mado in accordance with Its terns (together the "Contract').
1. TERMS AND DEFINITION& The terms listed below shelf have the respeutive meaning given them as set forth adjacent to each
term.
(u) "Seller": Mollymax LLC•-
IN "Buyer'': Andrew Teohat
(e) "Property": The Property shall Include ail that real estate described below together with all Appurtenances thereto including the
improvements located theroon,
NOTV.: If the Property will include a manufactured (mobilo) Itorno(s), Auver and Seiler should consider imitating the Mun ifectured
(Mobile) Home provision lit the Additional Provisions Addendum (Standard Form 2A1 I.1') with this offer.
SlroctAddress:2666 Lonnoxvillo Road,-�__
City: Beaufort _ Zip: 20516 -
NOTE.: Governmental authority over taxes, zoning, school districts, utilities and moil delivery may differ Bvm address shown.
Legal Description: (Complete AU applicable)
Plat Reference: I„oVUniL , Block/Soction _-„- , Subdivision/Conduminium
, as shown on Plot Book/Slide at Pagc(s)
The PINIPID or other identification number of the Property Is: 731511670205000 „
Other description; Bo-_ inq, all of lots 8A and 5B as shown on attached survey almr-ax 1.54 Aezae
Same or nth of tire Property may be described In Deed Book 1322 lit Page 211
(d) "Purchase Price":
S . 1, 475, 000. 00 paid in U.S. Dollars upon the following terms:
$ BY DUE DILIGENCE FEE made payable and delivered to Seller by the Effective Dote.
$ �M204000.00 BY INITIAL, EARNEST MONEY DEPOSIT made payable and delivered to Escrow
Agent named In Paragraph 1(0 by [J cash ❑ personal check C] official bank check
(] wire transfer, Cj electronic tianafor, EITHER ❑ with this offer OR I,$) within
five (5) days of the Effective Date of this Contruct.
S _ BY (ADDI'riONAI.) EARNEST MONEY DEPOSIT made payable and delivered to
Escrow Agent named in Paragraph 1(0 by cash, ofPclol bank check, wire transfer or
electronic transfer till later than 5 p.m. kin
TIME HEINOOF THE ES'SFAICB.
S BY ASSUMPTION ul'the unpaid principal balance end all obligations ot'Soller up the
existing loan(s) secured by u dead of trust on the Property in accordance with the Attaehad
Loan Assumption Addendum fStandard Form2A6-T).
BY SELLER FINANCING In naordance with Ohc rdtuched Seller Financing Addendum
(Standard Form 2A5-T).
$ 1, 455, 000, 00 BALANCE al'the Purchase Price in cash at 3eftlennent (some or all of which may be paid
with the proceeds of A new loan).
This form jointly approved by: Pogo I of I I STANDARD FORM 12--T
North Carolina Bar Asaocbrtlon Revised 712018
North Carolina Association of REALTORSO, Inc. urea (f! 712018
afatian4 on n°uiWn
Buyer initiHlQr__ Seller inidala
Iaonw fnw,a Oanlly NWeyr, flu lliOruaJ llxbiol N('hh4n'/ Plnnla:OIYUV!)!! tin.. I,ypnnnwR P•ml
neJx,r red." lireruwd Win ayrumlee ey xliaoelx tiara FiOeunmil 40tole'. MIWYeanAtale w,qt,
2019-04-03 14:49 HICKORY FARMS 336 226 2306 >> 2527285005 P 2/10
Should Buyer foil to deliver either the Due Diligence Fee or any Initial Carnest Money Deposit by their due dates, or should tiny
check or other funds paid by Buyer he dishonored, fur any reason, by the Institution upon which the payment Is drawn, Buyer shell
have one (I ) banking day alter written notice to deliver cash, official book check. wire [reefer or elecitte io transfer to the peyce. to
the event Buyer dues not timely deliver the required funds, Seller shall have the right to terminate this Contract upon written notice
to Buyer.
(e) "Banrest Money Deposit": The Initial Enrnest Money Deposit. the Additional Earnest Money Deposit and any other corned
Miles paid or required to be paid in connection with this transaction, collectively the "Earnest Money Deposit", shall be deposited
end held lit escrow by Escrow Agent until Closing, tit which time it will be credited to Buyer, or until this Contract is otherwise
terminated, In the event: (1) this oftor is not accepted; or (2) a condition of any resulting contract is not satisfied, then the Earnest
Money Deposit shall be ratunded to Buyer. In the event of breech of this Contract by Seller, the Earnest Money Deposit Shall be
refunded to Buyer upon Buyer's request, but such return shall not affect any other remedies available to Buyer for much 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 Parographs 2(c) and 2(d) for damage to
die Property or Seller's right to retain the Due Diligence Pee. it Is ucknowledged by Lite parties that payment of the Eeriest Money
Deposit to Seller to the event al' it breach of this Contract by Buyer is compensatory and not punitive. Such amollra being a
reasonable estimntion of tile nctual toss that Seller would Incur as a result of such breach. The payment of the Earned Money
Deposit to Seller Shrill not constitute a penalty or forfeiture but acruel compensation for Sellers anticipated loss, both parties
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 FArnest Money Deposit, the prevailing party In the proceeding shall he entitled to recover tram
the non -prevailing party reaselable attorney fees and court costs incurred in connection with the proceeding.
tT) rscrow Allen[.- pnsert name);_ aotus narrie Lew [.arm _
NOTE: In the event of a dispute between Seller and Buyer over the disposition of the fsornest Money Deposit held to escrow, a
licensed real estate broker ("Broker') is required by yule Inw (and Escrow Agent, if not a Broiler, hereby agrees) to retain the
Enrnest Money Deposit in the Esurow Agent's trust or escrow account until Escrow Agent lips Obtained a writlon release firom the
parties consenting in its disposition or until disbursement is ordered by a court orcompetent jurisdiction. Alternatively, if a Broker
or pa attorney licensed to practice low In North Cerolioa ("Attorney") is holding the Earnest Money Deposit, the Broker or Attorney
may deposit the disputed monies with the appropriate clerk ofcourt to accordance with the provisions ol'N,C.G.S. 497A-12.
THE PARTIES AOREF. THAT A REAL ESTATE BROKERAGE FIRM ACTING AS ESCROW AGENT MAY PLACE THE
EARNEST MONEY DEPOSIT IN AN INTEREST BEARING TRUST ACCOUNT AND THA"r ANY INTEREST EARNED
THEREON SHALL BE DISBURSED 1*0 THE ESCROW AGENT MONTHLY IN CONSIDERATION OF THE EXPENSES
INCURRED BY MAINTAINING SUCH I ACCOUNTAND RECORDS ASSOCIATED THEREWITH.
(g) "Effective We": The date that: (1) the last one of Buyer and Seller has signed or initialed this after 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.'rha parties
acknowledge and agree than life initials lines at the bottom of cacti page of this Contract are merely evidence of their having
reviewed die terms ofeach Page, and that Lite complete executlon of such Initials lines shall not be a condition of the effeelivetess of
this Agreement.
(h) "Due Dillgonce" i Buyer's opportunity IQ investigate the Property and the transaction contemplated by this Contract, including
but not necessarily limited to the matters described in Paragraph 2 below, to decide whether Buyer, in Buyer's sole diswei.ion, will
proceed with or turmimdo the transaction,
(1) "Due Diligence Feu": A negotiated amount, if any, paid by Buyer to Seller with this Contract for Buyer's right to terminate the
Controut for Any reason or no reason during the Due Diligence Period. It shall be the property of Seller upon the Effective Dale and
shall be a credit to Buyer at Closing. The Due Diligence Fee sluall be non-rallindable except tit life event of it material breach orthis
Contract by Seller, or if this Contract Is terminated under Paragraph 6(n) or Paragraph 9, or as otherwise provided in tiny addendum
hereto. Buyer and Seller each expressly waive any right that they may have to deuy the right to conduct Duo Diligence or la aamart
any defenac as to the enforceability of this Contract based tut 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.
0) "Due Dlllgenec Period": The period beginning on the Effective Date and extending through 5:00 pun. on
_40 daya from effective date TIMIS OF.INGOFTHE FSSFNCG,
Puge 2 of I I
STANDARD FOAM IyT
J Revised 7/2010
Buyerinilinls QT _,_,__,_.. Sellerioltals (� r1/ 07/2010
MrnAuoee wlm tlrPam00r r�nloai.IN%ermcrn M�Ir noaU en. MreMpen AB0Y0 MaakhlaalR ruGr 1xnnomvllle Point
2019-04-03 14:50 HICKORY FARMS 336 226 2306 >> 2527285005 P 3/10
(it) "Settlement": 'fie proper execution and delivery to the closing attorney of oll documents necessary (o complete the transaction
cotlemplated by this Contract, including the deed, settlement sla(emenl, deed of host and other loan or conveyance documents, and
the closing attorney's receipt of all founds necessary to complete such transaction.
(1) 'Settlement Date": The parties agree that Settlement will take place on 5 hitminaeo days frnm and of DDP
(the "Settlement Date"), unless otherwise agreed lit writing, at n time and place dusignated by Buyer.
(m) "Closing The complution of the legal process which results in the tinasfer of title to the Properly from Seller to Buyer, which
includes the following steps: (1) the Settlement (defined above); (2) the completion of n satisfactory title update to the Property
following the Settlement; (S) the closing attorney's receipt of authorivation to disburse all necessary rands; Hurt (4) recordation in the
appropriate county registry of the deed(&) and daed(s) of trust, If any, which shall take place as soon ns reusoutbly possible far the
closing attorney after Settlement. Upon Closing, the proceeds of We shall be disbursed by the closing attorney in accordance with
die settlement statement and the provisions of Chapter 45A of the North Carolinn General Statutes. If the title update should reveal
unexpected liens, encumbrances or other title detects, or ifthe closing attorney Is not authorized to disburse all necessary funds. then
ilia Closing shall be suspended and the Sattlenwot deemed delayed under Paragraph 10 (Delay in Settlement/Closing).
1VMWING: The North Carolina State liar has determined that ilia performance of most acts and services required for a closing
conslindes the practice of law and must be performed only by au attorney licensed to practice law in North Carolinn. State low
prohibits unlicensed individuals or (inns from rendering legal services or advice. Although non-mtormoy seulancut agents may
perform limited services in connection with a closing. dray may not perform all die acts and servicos required to complete a closing.
A closing involves stgnificanl legal issues that should be handled by an onomcy. Accordingly it is the position of the North Carolinn
Bur Association and the North Carolina Association of RCAL'rOR5o that all buyers should hire an attorney licensed in North
Carolina to perform u closing.
(it) "Speclnf Assessments": A charge, aguinst (lie Property by a governmental oudiorily in addition to ad valorem loxes and recurring
governmental service fees levied with such taxes, or by an owners' association in addition to any regular assessment (dues), either of
wldcln may be a lien against lhu Property. A Special Assessment may he either proposed or confirmed.
"Proposed Special Aasossnmut" i A Special Assessment [list Is under formal consideration but which has not been approved prior
to Settlement.
"Confirmed Special Asseasment": A Special Assessment tliat has been approved prior to Settlement whether payable in a lump
sum or Rdure installments.
NOT17.: Any Proposed and Confirmed Special Assessments must be identified by Setter in paragraph 5(b), and Buyer's mid Seller's
respective responsibilities for Proposed and Confirmed Special Assessmonts are addressed in paragraphs 4(o) and 6(k).
2. BUYER'S DUR DILIGENCE PROCESS:
%%*,%RNIN(;: BUYER IS STRONGLY ENCOURAGED TO C0NT)UCT DUG' DiLMENCIS DURING Ti•IV DUE DILIGENCE
PERIOD. If Buyer Is not satisfied will) the results or progress oi' Buyer's Due Diligence, Buyer should terminate this Contract, prior
fo the expirvibm of fie Due Diligence Period, unless Buyer can obtain a written extension from Seller. SELLER IS NOT
OBLIGATED TO GRANT AN Ex'rENSION. Althougb Buyer tray continue to Investigate the Property following the expiration of
the Duo Diligence period, Buyer's failure to deliver a Termination Notice to Seller prior to Ilia expiration of the Due Diligence
Period will constitute a waiver by Buycr of any right to terminate this Contract based on oily matter relnting 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 may of Seller's obligations under paragraph 6 of this Contract or for any other reason permitted under Una
terms of this Connaet or North Carolina law.
(a) Loont Buyer, at Buyer's expense, shall be entitled to pursue qualification for and approval of the Loan if any.
NOTC: Buyer's obiigntion to purchase the 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 (he Due Diligence Period allows suflficieni lime for the appraisal to be
completed and for Buyer's lender to provide Buyer sutiioivat infermndon to decide whether to proceed with or terminate the
bansoctloo.
(b) Property Investigatloni Buyer or Buyer's agents or representatives, At Buyer's expense, shall be entitled to conduct all desired
tests, surveys, approlsols, investigations, examinntions and inspections of the Property as Buyer dooms appropriate, including hilt
NOT limited to the following;
Page 3 0l' I I STANDARD FORM 12-T
Revise) 7i20IS
Buyer initinls �� Sailer initials 0 V2018
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2019-04-03 14:51
HICKORY FARMS 336 226 2306 >> 2527285005 P 5/10
❑ Fixed Rate ❑ Adjustable Rule in the principal amount of _ for u term of yetrr(s), at
al initial interest rate not to exceed __ % per annual (the "Loan"),
NOTE; Buyer's obligations under this Contract are not conditioned upon obtaining or closing any loan.
NOTL: If Boyar doe's not intend to obtain a new loon, Seller is advised, prior to signing this offer, to obtain documentation from
Buyer which demonstrates that Buyer will be able to close on the Prupurty without the necessity of obtaining if now loan.
(b) Olhur Property: Buyer ❑ dues M does not have to sell or lease other real property in order to qualify for a now loan or to
complete purchase.
NOTE: If Buyer does hnve to sell, Buyer and Seller should cunsidar including a Contingent Sole Addendum (Stundard Form 2A2-
T) with this offer,
(c) Performance of ]layer's Flnnnclxl Obligations: To the hest of Buyer's knowledge, there are no other circumstances or
conditions existing as or die date of this offer that would prohibit Buyer form performing Buyer's BnanclaI obligations in accordance
with this Contract, except as may be specifically sot forth herein.
4. BUYBROBLIGATIONS:
(u) Responsibility for Proposed Spatial Assessments: Buycr shall take title subject to all Proposed Special Assessments.
(b) Responsibility fur Certain Carlin: Buyer shell be responsible for all costs with respect to:
(i) any loan obtained by Buyer, including charges by an owners association and/or management company ns agent of an
owners' association for providing inibrnnalion required by Buyer's lender,
(li) charges required by an owner' ussociation declaration to he paid by Buyer I'or Buyer's Ibture uric and enjoyotent of the
Properly, including, without limitation, working capitol contributions, membership Pecs, or charges Nr Buyer's use of the
common elements and/or services provided to Buyer, such us "movo-in ties';
(iif) determining restrictive covenant compliance;
(iv) appraisal;
(v) title sunroh;
(vi) title insurance;
(vii) any fees charged by (lie closing attorney for the preparation of the Closing Disclosure, Seller Disclosure and any other
settlement. slutemern;
(vlll) recording the deed; and
(ix) preparation and recording of all instruments required to secure the balance of the Purchase Price unpaid tit Serllement.
(c) Authorisation to Disclose lufurmatlou: Buyer authorizes the Buyer's lender(s), the parties' real estate agent(s) and closing
attorney: (1) to provide this Contract to any spprniser employed by Buyer or by Buyer's lander(s); and (2) to release and disclose [lily
buyer's closing discloses, settlement statement and/or disbursement summary, or any InIti nation therein, to the parties to this
transaction, their real estate agant(s) and Buyer's leoda(s).
5. SELLER REPRESENTAT10NSt
(a) Ownership: Seller represetuA that Sailor,
I$) has owned the Property for at least one year.
❑ has owned the Property far less than one year.
❑ does not yet own the Property.
(b) Assessments: To the best of Seller's knowledge there Cl are M are not tiny Proposed Special Assessments. It any Proposed
Special Assessments. Identity: If any 567.1pt t:o pay _____
Seller warrants that there ❑ are ® are not any Conrinnel Special Assessments. If any Confirmed Special Assessments, identify:
NOTFA4uyer's and Seller's respective responsibilities for Proposed and Confirmed Special Assessments are addressed in
paragraphs 4(a) and 6(k).
(c) Owners' Assocatlon(s) and Duos: To best ofSeller'.t knowledge, ownership ot'Ihc properly ❑ subjocts ® does not subject
Buyer to regulation by one or more owners' associations) and governing documents, which impose various mundntory, covenants,
conditions and reslricilons upon the Property and Buyer's aijoyment thereof, Including but lint limited to obligations to pay regular
assessments (dues) and Special Assessments. It' there is an owners' association, [lion an Owners' Assodation Disclosure and
Page i at' I I STANDARD FORM 12.1'
�.)fad Revised 1/2018
Buyer Initials A�r Seiler infidels Imo' _ 07/21itS
Grodu<ed wilt eIPPOWDey elFLU&llWdFWeul MNea ,Fr°1er,WWpepe0010 ti,itm le•W ed:• Imill(uville Point
2019-04-03 14:52 HICKORY FARMS 336 226 2306 >> 2527285005 P 6/10
Addendum For Properties Exenpt from Residential Property Disclosure Statement (Standard corm 2Al2 f) shall be completed by
Seller, at Seller's expense, and must boattached its an addmndum to this Contract.
(d) Sowage System Permit: (❑ Applicable M Not Applicable) Sollur warrants that the sewage systcvn described In the
Improvement Permit attached hereto has been installed, which representation survives Closing, but makes no farther representations
a$ to the system.
(e) Private Drinking Water Well Permit: ( [) Applicable M Not Applicable) Seller warrants that a private drinking water well
has been installed, which representation survives Closing, bud makes no further representations as to the well. (If well installed aRcr
July 1, 2008, attach Improvement Permit hereto.)
6. SELLER OBLIGATIONS:
(a) Evidence of Title, Payoff Statomontts) and Non poreign Status:
(i) Seller agrees to use best of nts to provide In the closing attorney as soon As reasonably possible after the Effective Date.
copies of all title Information Ill possession of or Available to Seller, including but not limited to: title im iraoco policies,
attorney's opinions on title, surveys, covenants, deeds, notes and deeds of trust. )cases, and easements Mating to the Property.
(if) Seller shall provide to tile closing attorney all information needed to obtain A written payolf statement Ram any lender(s)
regarding tiny security Interest in the Property as soon as reasonably possible after 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 slaternunis and/or
short -pay, statements Item any such lender(s),
(III) If Scllar Is not a foreign person as defined by the Foroigo Investment in Real Property Tax Act, Seller shall also provide
to the closing attorney a non-ibreign stales 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 dsere may be withholding as provided by
the Internal Revenue Code.
(b) Authorization to Disclose IuformaUlln: Seller authurius: (1) any attorney presently or previously representing Seller to
release and dlseltse any title Insurance policy in such Attorney's file to Buyer and both Buyer's and Seller's agents and Attorneys; (2)
the Properly'x tide insurer or its Agent to release and disclose all materials in the Property's title insurer's (or title insurer's agent's) tits
to Buyer and both Buyer's And Sellers agents and attorneys, And (3) the closing attorney to release and disclose Any seller's closing
disclosure, settlement statement and/or disbursement summmnry, or any Information dnereio, in file parties to this transaction, their real
estate agents) and Buyer's lender(s).
(c) Access to Property: Seller shall provide reasonable access W rho Property (including working, existing utilities) through the
earlier of Closing or possession by Buyer, including, but not limited to, allowing the Buyer undlor Buyer's agents or representatives
all opportunity to (i) conduct Duo Diligence, (if) verify the satisfactory completion or negotiated repairs/improvements, and (III)
conduct a fiord walk-dirough inspection of the Property.'ro the extent applicable, Seller shall also be responsible for (finely clearing
that portion of the Property requited by time County to perform tests, inspections end/or evaluations to determine the suitability riffle
Property for a Rawage system and/or private drinking water well.
NO'IT; See WARNING in paragraph 2 above for limitation on Buyer's right to tcmlinale this Conracl as a result of Buyer's
coluinued investigation of the Property following the expiralion ofthe Due Diligence Period.
(d) Removal or seiter's Property: Seller shall remove from the property. by the date possession is delivered, (I) all personal
property which is not a purl of die purchase and (if) unless otherwise agreed, all garbage and debris.
(c) Affidavit and hndomndltcatlon Agreementt Seller shall furnish at Settlement an affidavit(s) and indemnification agreement(b)
In form satisfactory to Buyer and Buyer's title insurer, if any, exeeuted by Seller and any person or entity who has performed or
furnished labor, seivicoi, materials or rental equipment W the Property wlthln 120 days prior to the dale or Settlement and who may
be entitled to claim a lien ngninel the Property as described in N.C,O,S. §44A-8 verifying (hut each such person or entity has been
paid in full slid agreeing to indemnify Buyer, Buyer's looder(s) slid Buyer's title insurer against all loss from any cause or claim
arising dierefren,
(f) Designation of Lien Agent, Payment And Salisfocifon of Liens: If required by N.C.O.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 Licn Agent.
All deeds of trust, deferred ad valorem taxes, liens slid other charges against the Property, not assumed by Buyer, must be paid and
satisfied by Seiler prior to or at Settlement such that cancellation may be promptly obtained following Closing. Seller shall remain
obligated to obtain any such cancellations following (:losing.
(g) Good Title, Legal Access: Seller shall execute and deliver a GENERAL, WARRANTY DEED for the Properly In recordable
Ibrn no later than Settlement. which Shull convey tae simple marketable and insurnble title, without exception for mechanics' liens,
and free of any other liens, ancumbrances or defects. Including thnxe which would be revealed by A current and Accurate survey of
Page fi off I STANDARD FORM 12-'1'
r Rovleod 7J20I6
-Ad initials AT Seller initials ' 0712018
PmW,rtl wan xlyoo,mAVr nPlopx Won sum O. Pant NltlxYrn aEAra r®y,tem LenllOsrille PVha
2019-04-03 14:53 HICKORY FARMS 336 226 2306 >> 2527285005 P 7/10
the Property, except: ad valorem taxes for the torrent yoar (prorated through the date ol'Settlemont); utility easements and unvieialed
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. I lie Property must have legal access to a public right of
way.
N07T:1 Buyer's failure to conduct a survey or examine title ar the Property prior to the expiration of iho Due Diligence Period does
not relieve the Seller of their obligation to deliver good slide under this paragraph.
NOTE: If any sale or the Property may be a "short suie," consideration should be given to attaching a Short Selo Addendum
(Standard Farm 2A 14-T) as un addendum to this Contract,
(h) Dead, Taxes, and Inns: Seller shall pay for preparation of a deed and all other documents necassary to perform Seller's
obligations under this Contract, and For state and county excise taxes, and any dererred. discounted or rollback taxes, and local
conveyance fees required by Inw.'fhu decd is to be made tu; Andrew Techet Revocable Trust
(1) Agreoment to Pay Buyer Cxpora es: Seller shall Puy at Settlemela: $ toward any of Buyer's
expenses associated with the purchase of the Property, at the discretion of Buyer and/or lender, irony, Including any FHA/VA lender
and inspection costs that Btryer is not permitted to pay.
0) Owners' Assoclation Feos/Charges: Seller shall pay; (i) any fees required for confirming Seller's account payment
information on owners' associution duos or assessments for payment or proration, (ii) any fees imposed by an owners' assn sietion
and/or a management utompany as agent of die owners' association in connection with the transactions contemplated by this Contract
other than those fees required to be paid by Buyer under paragraph 4(b) above; and (ill) fees Incurred by Scilor in completing the
Residential Property and Owucrs' Assaclatimn Disclosure Statement, and resale OF other certificates related to a proposed sole of the
Property.
(k) Payment of CaulLlsed Special Assessments: Seiler shall pay, in full at Settlement, all Confirmed Special Abscssments,
whether payable in a lump ,rum or future installments, provided that the nnount thereof can be reasonably determined or estimated.
'lice payuucnt ofsach estimated amount Shull be the final payment between the Parties.
(1) Late Listing Penaltiex; All property tax lute listing penallles, If any, shall herald by Seiler.
(m) Owners' Association Olselosore slid Condominium Resale Stalemout Adderdum (Standard Form 2AI2-T): If applicable,
Sella shell provide the completed Owners' Association Disclosure and Condominium Resale Statement Addendum to Buyer on or
before the EMclivc Date.
(n) Sulter's Failure to Comply or Branch: If Seller falls to materially comply with tiny or Seller's obligalirnas under this
Paragraph G o• Seller materially breaches this Contract, and Buyer elects to terminate this Contract as a result of such failure o'
breach, then the Gamest Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall rciutburse 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 Sutler to recover the Earnest Money Deposit, the Due Diligence Foe and/or the
reasonable coats actually Incurred by Buyer in co nectlom with Buyer's Due Diligence, the prevailing poly in the proceeding Audi
be entitled to recover From due non-provailing party reasonable attorney fees and court costs incurred in connection with the
proceeding.
7. PRORATIONS AND ADJUSTMENTS: Unless otherwise provided, do following items shall be prorated through the dole of
Settlement and cithor adjusted between the parties or paid tut Settlement:
(a) 'faxes on Real Property: Ad valorem luxes and rcourring governmental scrvlce fees levied wits such taxes el real property
shall be prorated on it calendar year basis;
(b) Rentsr Rents, if any, for the property;
(c) Roast Owners' association regular assessments (dues) and other like charge,$.
It. CONDITION OF PROPERTY AT CLOSING: Bayer's obligation to complete Use transaction contemplated by this Contract
shall be contingcm 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. IIISK OF LOSS: The risk of loss or debage by Rue or otter casualty prior to Closing shall be upon Setter. If the hnprovements on
the Property are destroyed or motodally damaged prior to Closing, Buyer may terminate this Contract by written notice delivered to
Seller or Seller's agent Find the Earnest Money Deposit and any Due Diligence Fee shall be refunded to Buyer, In the event Buyer does
Page 7 of I I STANDARD FORM 124
_ Revised 7/2018
Buyer initials __ J67 r, _ Seller Initials __� 0712018
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2019-04-03 14:53 HICKORY FARMS 336 226 2306 >> 2527285005 P 8/10
NOT elect to terminate this Contract, Buyer s1101 be entitled to receive, in addition to the Property, nay or Seller's insurance proceeds
payaule 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: Absont agreement to the contrary in this Contract or any subsequent modification
(hereto, if a parry is unable to complete Settlement by the Settlement Date but Intends to complete the transaction and is acting in good
PoRh and with reasonable diligence to proceed to Settlement ("Delaying Party"), and if the tither party is ready, willing and able to
complete Settlement on the Settlement Dale ("Non-Dolaying Party") then the Delaying Party shall give as much notice As possible to the
Non -Delaying Party and closing attorney and shell be entitled to a delay in Settlement. If the parties fail to complete Settlement And
Closing within fourteen (14) days of the Settlement Date (including any emended 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-Dolaying Party
may terminate this Co iraot and shall be entitled to enforce any remedies evoiloble to such party under this Contract for the broach.
11. POSSESSION: Unless otherwise provided herein, possession. Including all means of access to the Property (keys, codes,
inetuding security codes, gale openers, electronic devices, etc,) shall be delivered of Clusing es 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 AIA, STANDARD ADDENI,)A THAT MAY BE A PAR'r or 'PHIS CONTRACT, IF ANY, AND
ATTACH HERETO, I11MIZE ALL OTHER ADDENDA TO THIS CONTRAC.'T, IF ANY, AND A'rrACH HERETO.
❑ Add ldonalProvisions Addendum (Form 2AII-T)
❑ Additional Signatures Addendum (Porn 3.1)
0 Back -Up Contract Addendum (Form 2AI-T)
❑ Contingent Sale Addendum (Fomh 2A2. f)
❑ Loan Assumption Addendum (Form 20-T)
❑ identify other attorney or party dratted addenda:
❑ Owners' Association Disclosure And Addendum For Properties
Exonpt from Residential Properly Disclosure SlatarACAt(Form
2Al2-T)
❑ Seller Pinaucing Addendum (Form W-T)
❑ Short Sale Addendum (Form 2A14-T)
NOTE: UNDER NORTH CAROLINA LAW, REAL ESTATE BROKERS ARE NOT PF.RMfT'rED 1'0 DRAFT ADDENDA TO
'THIS CONTRACT,
13. ASSIGNMENTS: This Contraet nifty, not be assigned without the written consent of all parties except in connection with a tax-
dererred exchange, but if assigned by agreement, then this Contract shall be binding on the assignee and assigneo's heirs and successors.
14. TAX -DEFERRED EXCHANGE: In the event Bever or Seller desires to effect a fax -deterred 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 exchhange, and provided further, that a non-exchunging party *hull
not assume Any Additional liability with respect to such tax -deferred exchange, Buyei 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.
15. PARTIES: This Contract sluhll be binding upon slid shall inure to the benerit of Buyer and Seller and their respective heirs,
successors and assigns, As used herein, words in the singular include the plural and the mosoulino includes the feminine end neuter
gendors. As appropriate,
16. SURVIVAL: if any provision herein contained which by its nature and effect is required to be observed, kept or porlormcd utter
file Closing, it shell survive the Closing mid remain binding upon And Ibr the bencbt of the partics hereto until fully observed, kept ar
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 REALTORW or broker and Seller or Buyer as
cantainod in tiny listing agreement, buyer agency Agreement. or tiny other agency ugrcennent between them.
is. CONDUC'r OF TRANSACTION: The polies agree that any action between then relating to the transaction contemplated by
flits Canine may be conducted by eleutronic means, including file signing of this C'untruet by one or more of them and any notice or
Page 6 of 1 I
S'rANDAIID FORM 12-T
Revised 7/2018
Buyer initials ^T Seller initials
PtUmadra0 rirfP llbr rkl99W+8070 An--, nt•R LeolloxviAY Point
2019.04-03 14:14 HICKORY FARMS 336 226 2306 >> 2527285005 P 9/10
communication given is connection with this Contract. Any written notice or communication may be transmitted to any mailing address,
c-mail address or fax number set forth in the "Notice Information" soctloo below. Any notice or communication to be given to a party
herein, nny any fee, deposit of other payment to be delivered to a party herein, may he given to the party or to such party's agent. Seller
and Buyer agroo that the "Notice Iniormation" and "Acknowledgment of Receipt of Monies" sections below shall not constitute it
material pert of this Contract, and that the addition or modification of any information therein shall not constitute a rejection of un offer
or the creation of n counteroffer.
19. EXECUTION: '('his Contract may be signed in multiple originals or counterparts, all of which together constitute one and the
same instrument.
20. COMPUTATION OF DAYS/TIME OF BAY: Unless otherwise provided, for purposes of this Conumcl, the term "days" shall
mean consecutive calendar days, including Saturdays, Sundays, and holidays, whether faderal, state, local or religious. For tho purposes
of enloulating dnys, the count of "days" shall begin oil the day hallowing the day upon which any act or notice as provided in this
Contract was required to be performed or made. Any reference to a dole or time of day Atoll refer to the date and/or lime of day in
the State of'Norih Carolina.
THE NORTH CAROLINA ASSOCIATION OF REALTORSO, INC, AND THtr) NORTH CAROLINA BAR ASSOCIATION MAKE.
NO REPRESENTATION AS TO THE LUGAL VALIDITY OR ADEQUACY Oil ANY P14OVISION OF Ti-n FORM IN ANY
SPECIFIC TRANSACTION, IF YOU DO NOT UNDERSTAND THIS FORM OR PFUL THAT rr DOES NO'I' PROVIDE POR YOUR
LEGAI. NEWS. YOU SHOULD CONSULT A NORTH CAROLINA RLAL ESTATL ATTORNLY BEFORE YOU SIGN 11'.
This offer shall beeomo a binding contract on iho Effective Dale, Unless speciticully provided otherwise, Buyer's failure to timely deliver
any fec, deponit or char payment provided for herein shall not prevent this offer from becoming a binding contract, provided that any
such i'allure shall give Seller certain rights to terminate the contrnel As described herein or as otherwise permitted by law,
Dote: Dale:
I n+wsrm,a
Buyer
Qndrnv✓ 'T.4a`t ot:nePlat E01.
Ancirau Teohet
Dale:
Buyer
Dility Buyer:
(Name of LLC/Corporation/Parinersliip/1'rusVotc.)
By:
Title:
Date:
Date:
Set
Entity Seller:
Molly Max LLC
(Name of L.LC/Corporation/Partiershipfrru9Ueta)
By%5A
Name: Toro Williamson
Title: ��
Date: `/ p
dl '1
Page 9 of I I
STANDARD FORM 12-T
Revised 7/2018
0 712018
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