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HomeMy WebLinkAbout50-17 Jerri Builders 1�J V Carteret County \q\ -) WO-50-17 Local Government Permit Number • • CAMA MINOR DEVELOPMENT PERMIT as authorized by the State of North Carolina,Department of Environment, and Natural Resources and the Coastal Resources Commission for development in an area of environment concern pursuant to Section 113A-118 of the General Statutes,"Coastal Area Management" Issued to Jerri Builders, authorizing development in the Estuarine Shoreline - ORW (AEC) at 205 Bow Spray Drive, in Newport, NC, as requested in the permittee's application, dated 10/02/17. This permit, issued on 10/06/17, is subject to compliance with the application and site drawing (where consistent with the permit), all applicable regulations and special conditions and notes set forth below. Any violation of these terms may subject permittee to a fine, imprisonment or civil action,or may cause the permit to be null and void. This permit authorizes: New construction of single-family dwelling,driveway (1) All proposed development and associated construction must be done in accordance with the permitted work plat drawings(s)dated received on 10/02/17. (2) All construction must conform to the N.C. Building Code requirements and all other local, State and Federal regulations, applicable local ordinances and FEMA Flood Regulations. (3) Any change or changes in the plans for development, construction, or land use activities will require a re-evaluation and modification of this permit. (4) A copy of this permit shall be posted or available on site. Contact this office at 252-222-5833 for a final inspection at completion of work. (Additional Permit Conditions on Page 2) This permit action may be appealed by the permittee or other qualified persons within twenty(20)days of the issuing date. This permit must be on the project I site and accessible to the permit officer when the project is inspected for compliance. Any maintenance work or project modification not covered under jf t this permit,require further written permit approval.AN work must cease when this Jeff Cannon permit expires on: CAMA LOCAL PERMIT OFFICIAL DECEMBER 31,2020 701 Cedar Point Blvd In issuing this permit it is agreed that this project is consistent with the local Land Cedar Point, NC 28584 Use Plan and all applicable ordinances. This permit may not be transferred to another party without the written approval of the Division of Coastal U Management. ERMITTEE Si nature required if conditions above apply to permit) Name:Jerri Builders Minor Permit#WO.50.17 Date: 10106!17 Page 2 (5) The amount of impervious surface shall not exceed 25%of the lot area within 575 feet of Normal High Water (Estuarine Shoreline-ORW Area of Environmental Concern),in this case, 3800 square feet is authorized by NC State Stormwater Permit SW8050516. (6) Unless specifically allowed in 15A NCAC 07H.0209(d)(10),and shown on the permitted plan drawing,all development/construction shall be located a distance of 30 feet landward of Normal High Water. No portion of the roof overhang shall encroach into the 30 ft. buffer. (7) All unconsolidated material resulting from associated grading and landscaping shall be retained on site by effective sedimentation and erosion control measures. Prior to any land-disturbing activities,a barrier line of filter cloth must be installed between the land disturbing activity and the adjacent marsh or water areas,until such time as the area has been properly stabilized with a vegetative cover. (8) All other disturbed areas shall be vegetatively stabilized(planted and mulched)within 14 days of construction completion. 7/PL/L 4 SIGNATURE: �i DATE: / /./. PERM ITT 1 Locality Ca140114 COUrRi) Permit Number ik --n Ocean Hazard Estuarine Shoreline ORW Shoreline Vit Public Trust Shoreline Other (For official use only) • GENERAL INFORMATION _ LAND OWNER•MAILING ADDRESS U 0 (act ,te, t''} C k l � Name Q 2.Z, 3 t„ t ►ejec (1.-4Ay,(Aoldee... Address PC) d X q ( City 5c,00,11.%o t State tt.\) �- Zip c e '3 5 -I -7 Email ( e d,ac c AUTHORIZED AGENT Name Be V v�, , j (e,t? Address I""'' + 0 k..79 ,,.��}} City Su.)G v1Sbore) State NC-- Zip 2i?Ss`fPhone 9 ( 369 OC7.. ,"C Email b`. Ile Jo(A.4 e o•, 54 eta-a.L,0 0 . C 0 JA-N„ LOCATION OF PROJECT: (Address,street name and/or directions to site:name of the adjacent waterbody.) DESCRIPTION OF PROJECT: (List all proposed construction and land disturbance.) tr .�tc-' 1 ) (`o r�S-krt ‘(.)..1 Itt• S • A-e ✓ -I SIZE OF LOT/PARCEL: ,)CI 0U 0 square feet , acres PROPOSED USE: Residential Single-family ulti-family ❑ ) Commercial/Industrial ❑ Other ❑ COMPLETE EITHER(1)OR(2)BELOW(Contact your Local Permit Officer if you are not sure which AEC applies to your property): (1) OCEAN HAZARD AECs: TOTAL FLOOR AREA OF PROPOSED STRUCTURE: square feet(includes air conditioned living space,parking elevated above ground level,non-conditioned space elevated above ground level but excluding non-load-bearing attic space) (2) COASTAL SHORELINE AECs: SIZE OF BUILDING FOOTPRINT AND OTHER IMPERVIOUS OR BUILT UPON SURFACES:3 ici square feet(includes the area of the foundation of all buildings,driveways,covered decks, concrete or masonry patios,etc.that are within the applicable AEC.Attach your calculations with the project drawing.) STATE STORMWATER MANAGEMENT PERMIT:Is the project located in an area subject to a State Stormwat r Management Permit issued by the NC Division of Energy,Mineral and Land Resources(DTMLR)`I YES NO If yes,list the total built upon area/impervious surface allowed for your lot or parcel: ec 0 square feet. • OTHER PERMITS MAY BE REQUIRED:The activity you are planning may require permits other than the CAMA minor development permit, including,but not limited to: Drinking Water Well, Septic Tank(or other sanitary waste treatment system), Building,Electrical,Plumbing,Heating and Air Conditioning,Insulation and Energy Conservation,FIA Certification,Sand Dune,Sediment Control,Subdivision Approval,Mobile Home Park Approval,Highway Connection,and others.Check with your Local Permit Officer for more information. STATEMENT OF OWNERSHIP: I,the undersigned,an applicant for a CA MA minor development permit,being either the owner of property in an AEC or a person authorized to act as an agent for purposes of applying for a CAMA minor development permit,certify that the person listed as landowner on this application has a significant interest in the real property described therein.This interest can be described as: (check one) Van owner or record title,Title is vested in name of 0 #60ti e, r,.'"tc.'L I Ll— G-- see Deed Book j it o& page $6& in the C Ar-t e r e--t County Registry of Deeds. an owner by virtue of inheritance.Applicant is an heir to the estate of ;probate was in County. AZ..if other interest,such as written contract of lease expl in b law or use a separate sheet&attach to this application. NOTIFICATION OF ADJACENT RIPARIAN PROPERTY OWNERS: I furthermore certify that the following persons are owners of properties adjoining this property. I affirm that I have given ACTUAL NOTICE to each of them concerning my intent to develop this property and to apply for a CAMA permit. (Name) (Address) • (I) (AcL0 .e s.Jc (tL V t --- 5c,r e„(5 4, it) (2) Lateort4.sue- &I pC'jc,..) r.*?,016 or-- (3) (4) ACKNOWLEDGEMENTS: I,the undersigned,acknowledge that the land owner is aware that the proposed development is planned for an area which may be susceptible to erosion and/or flooding. I acknowledge that the Local Permit Officer has explained to me the particu- lar hazard problems associated with this lot.This explanation was accompanied by recommendations concerning stabiliza- tion and floodproofing techniques. I furthermore certify that I am authorized to grant,and do in fact grant,permission to Division of Coastal Management staff, the Local Permit Officer and their agents to enter on the aforementioned lands in connection with evaluating information related to this permit application. 7A/uThis the . day of OC=( ,20/if Landowner or authorized to act as his/her agent for purpose of filing a CAMA permit application This application includes:general information(this form), a site drawing as described on the back of this application, the ownership statement, the Ocean Hazard AEC Notice where necessary a check for$IOO.DO made payable to the locality,and any information as may be provided orally by the applicant. The details of the application as described by these sources are incorporated without reference in any permit which may he issued Deviation from these details will constitute a violation of any permit.Any person developing in an AEC without permit is subject to civil, criminal and administrative action. LEGEND • £X/S71NG IRON R00 rtG '''Y_z x 3 S.A.,Aoy a r` Curve Radius Length I Chord Chord Bear. LA " a Cl 550.00' 75.83' i 75.77' N 55'17 37"E S.• r Site N 54'00'41'E 134.23' to Existing Mog Nail /r^�``...., c/1 int. Bogue Watch Dr. dr Bow Spray Dr.; ?Sanders rtar l .r. A/so S 79'41'45£' 183.72' to Sanitary�� Sewer Manhole Vicinity Map-Not to Scale cf ,lei ,'---- rh)1 y` CO� Ati Existing Proposed Impervious: Q'� Iron Rod Proposed = 2,107 Sq. Ft. {���1 a -- '� Drive & Sidewalk = 1,084 Sq. Ft. Y ve' 1 c ..."'w'� Total Proposed = 5,191 Sq. Ft. 4 : 90/ Impervious allowed as per y` J. recorded plat = 3,800 Sq. Ft. n \r-s .\....., , \ sf'Ea B7 �} Existing t(111\ +" Iron Rod Q � v " 6-f t� 20 Zax X 62 � � p.0 8,�ri. 'o. :a. Q' CC Propose Sttated X ; / m a, A r_, Dwelling a 1, raj rn`` o. Qo. O if 90• 08 +7' • > Existing Iron Rod 49 0_, a N w. (17. en ' ,...S 43'09'35 W \ 4° d ( d 15.75' 4o g• Existing Iron Rod • 85 � �fl°.4. . ' 2nd 't' 09 s7.61' ilwita Notes: t Zone x in 1) PIN 631501050894000 ��#, 88 t 2) Plat entitled: "Recombination Plot 4tp. 68 Bogue Watch, Lots 57, 59, 60, 63-70, V' 78, 79, 163-173, d 264-265' \ ZorH AE taq recorded in Map gook 33. Page 97, \ (EL 8) tX ni Carteret County Registry. 3) Flood Zones as per Map Number \ i 9" 3720631500J, Effective Date: \ 1 v 07/16/2003 e \ ) Existing iron Rod 30 0 30 60 00 \ L.......__._. ' Existing —M iron Roo GRAPHIC SCALE -- FEET I I sumrTIFY w freau w �c DOS MAP u DRAWS Sr i uxa �°n "/sr Lot Survey & Plot Plan for: MY SiiPEeiIL___DESCRIPTION RECORDED TN DRAWN HOOKSOUR -- OTHER REFERENCE Jerri Builders, Inc. SOtfRCE M. all: THAT hf£8rltAYD.AR/E5 Nor AELtACYSURVEYED ED AS MRAew FROM INFORMATION RI 000x____, "S oR OTHER REFERENCE Syr SOURCE_.._.__._.._ r •F RATIO of PRECISION OR ,%"�'........ Lot 66, Bogue Watch posino1H5 AccuRACY , tplbt;AND NAT F AMP y,Mtt:S E REDUIREME STANDARDS OF ~' White Oak Township RRACKVE FoR tAND SAE ,. NORTH.AROLINA 1Meo (21 NCAC 56. 'WO). taco THIS str DAY c{s.Rr.b.a: e A CANka, 4740 Carteret County, N.C. r' ,.N. ' Bell & Phillips Surveying, PLLC 604E CEDAR POINT BLVD. ', CEDAR POINT, N.C. 28584 e TELE.: (252)-393-6101, LIC. No.: P-0391 0LAN EMAIL: alanbell eastnc.twcbc.corn . .!..., _ .... , - . _.-_ JERR1 Bi "11.1)ERS. Inc. PURCI1ASE_ A(IiRLENIL,NT • i. PAttlIEN Tiuld , tfh i-It:.1:41(.1.cr- 44-14„4 11,.r"Nc-* '04.c nh."-`‘..'.' , .0, ,,.:...- /crr.e.„ ,s 61tO'A 4* 2. PROPLIIIN " itadder agrees to sell and iliqi..r agrees 10 114.1base trefro Ittol,te'r. 1 14;to..c 114444” Minns 114r-hour li. . in,i 1 .,`, \,‘ e'''' - Th..•''''''''' arteret( ,.,r Ri.....?,.,..tr.•.and Street 'skiiiress_21)5/tow Spr,t 1)rise.Nisirt,'st`2a,s70,together w ith the trriprosiments therte.rt.4 U. he tliol? tbi:Tell)rttIrstiBittl 141 this lgreemerli f'the 1rritserts't (ens crnine11141 3%ilhkvrit 0%14.7r ta‘rs,..tigttritt.ss71)iwil thstrtets-utilities.mtirktc?PAi -er,. c,,,,'And vl At 1 tit."1"t''-: 71,1% JIltrr it"rn ..b.kircs.14 shot%ri l'n,g-to stvirtg this.Desk eortstruction purchase and sales agiverricint.lia".er is ads ists1 to re.. %stitch nt.i, limit the use.tt ".he rxtrtn,.am:1 to re,k1 the 4.41edaration 4 fr r(-41ri...-'i'4 rules and regisfanons and other got eming documents of the owner assriclation and,tt the stiKle, -' ea!-:,.-=•• 3. Pt,RCIIASE PRICE A ND PAI%JEN I the purchase 1'1-KV lo,the abrise described oropert. shall tie$110,000(loft andS391A4,0-(eonstructionot 'shams li.irr 11 .n9(4'044..041. 4,0mAdefic,.611441tthParthic 2S 1141CWS: (a) Check as aepticatife- S 0 earnest money.payable to est.-row agent.The earnest money shall he paid to personal_ elm*,Famest inone %hall be retained in a separate escrow aceottrt Linil the sae eitmed,at witleit time it will be c-reditml to the purchase price,or until this Agreement. otherwise terminated and the earnest money is disbursed in acceirdarice with the terns ef tb1".• Arconent.. . S 10.000 ..Nomefundattle Builder deposit,receipt of which is hereby acknowledged by, Builder's Agent_raid by Buyer to Balkier by personal check and deposited in the general account,0.f BtiliJer ._ . S 497.650..„...The Nal ance in,...ash at closing anon&lit en. of the deed and transfer of'fide. .... ... (b) NO POrt i00 of the purchase price will be paid by promissory note or assumption of an existing loan. 4. CONDITIONS tat)L4411 itequiresteot; i., (cheek if a loan is required) I f this condition is checked,then the jvarchasc is subject to the Buyer securitng a firm t:txumiliirient t-1 oart Corranitrisc-t-t-i for,i Construction loan t'lagaa*).See attached draw scheduk. , . (kW r Page 1 of 12 us (7).3 Buyer Initials Seller Initials the Balance it'the Purchase Price in cash at Settlement(some or all of which may be paid with the proceeds of a new loan)shall he in the principal amount of S tea (plus any financed VA or Fl IA upfront fees) fora term of tbd __.. years at an initial interest rate not to exceed _thd_%per annum,with mortgage discount points not to exceed_thil_"in of the Loan amount. Buyer shall he responsible for all costs with respect to any loan obtained by Buyer.except if Builder is to pay any of the Buyer's loan closing costs including discount points,those costs shall not exceed $ 0 If there are any restrictions placed on these closing costs,those restrictions are as follows: Buyer shall provide Builder with a pie-qualification letter on or before 84'17 : Buyer shall apply for the Loan on or before 8/5:17 . Buyer shall secure Loan Commitment from the lender on or before 9/15/17 ("Loan Commitment Deadline"),and shall promptly provide Builder a copy of the Loan Commitment. The Loan Commitment must state all conditions of the Loan,including whether Buyer must sell another property to close the Loan. If Buyer must sell and/or close another property as a condition to closing the Loan.then Builder shall have the option of eillier terminating this Agreement or requiring Buyer to sign a Contingent Sale Addendum. (b) Financial Commitment:Buyer shall provide evidence reasonably satisfactory to Builder that Buyer has the funds available to pay for the Property(*Financial Commitment-.)Failure of the Buyer to provide the Financial Commitment shall give the Builder the right to terminate this Agiecuient.If Paragraph 4(a),above, is applicable to this Agreement,then the deadline for providing the Financial Commitment is the Loan Commitment Deadline,if Paragraph 4(a)is not applicable to this Agreement, then the deadline for providing the Financial Commitment is nla .Time is of the essence with regard to these dates. (C) Deed,Excise Taxes:Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's obligations under this agreement,and for state and county excise taxes required by law.The deed is to be made to: Herbert and Kelli Weatherford, Husband and Wife (d) Builder's Right to Terminate: Builder has the right to terminate this Agreement if the Buyer fails to provide the Pre- qualification Letter,Loan Commitment or Financial Commitment by the dates set forth above. If Builder does not terminate. Buyer understands that the start of construction,completion of the home and closing may be delayed.Time is of the essence with regard to these dates. (e) Residential Use:Buyer intends to use the Property for single family residential purposes.There shall be no private restriction or governmental regulation that prohibits such use of the Property, (f) Title Insurance: An enhanced owner's title insurance policy and binder will be furnished at closing as part of this contract. Premium to be paid by Buyer. 5. SETTLEMENT Buyer understands that the closing date for a preconstruction sale is an estimate only and that the actual closing date may be set only after the home reaches the drywall stage in the construction process.The anticipated closing date shall be on or before 2/28/18 but the parties recognize that adverse weather,unavailability of material,strikes,delays with sub- contractors,vendors or government entities and other conditions beyond the reasonable control of Builder may delay completion and it is therefore agreed by the parties that in the event,and only in the event,that the property is not substantially completed in accordance with the VA,FHA,or Conventional plans and specifications,minor punch list items excluded,within sixty(60)days after the anticipated date of completion,Buyer shall have the right to declare this Agreement null and void and thereupon Builder shall return to Buyer the sums paid under paragraph 3(a)hereof and Buyers and Builder's rights shall cease and terminate without further liability on the part of either party.Closing shall be defined as the date and time of recording of the deed,Closing shall constitute acceptance of the property in its then existing condition unless otherwise provided for in writing. it9 Page 2 of 12 uyer nitials Seller initials 6. ZONING AND ASSESSMENTS Builder warrants that there are no restrictions.zoning.easement or other governmental regulations that would prevent the reasonable use of the property for residential purposes.Builder further warrants that there are no encumbrances or specie assessments.either pending or confirmed, for sidewalks.paving.water.sewer or other improvements on or adjoining the Property. except as follows: 7. STANDARD PROVISIONS AND CONDITIONS Additional provisions and conditions of this Agreement and are incorporated herein by reference below: Floor plan Exhibit B--Additional Provisions Exhibit C-Specifications • (Inclikaed Fcaturrsi Mineral,Oil and Gas Disclosure Statement Homeowners'Association Disclosure&Addendum Builder Draw Schedule Survey 8. CONSTRUCTION OF PROPERTY Builder shall complete the raven) in accordance with the plans and specifications(collectively the"Plans")agreed to by Builder and Buyer in compliance with all laws,regulations,codes and ordinances applicable to the construction of the Property.and in a good and workmanlike manner with new,stood quality materials and components. For a variety of reasons, including,for example,unavailability or discontinuance of certain materials or our changing suppliers,we may modify some aspects of your home,Seller specificalh retains the right to substitute selected materials with materials of a comparable pattern,design and quality,to the extent reasonably available. 9. PURCHASE PRICE.SELECTIONS AND UPGRADES (a) The purchase price set forth in paragraph three of this agreement includes the purchase price of the lot,house and all features standard to the neighborhood. (b) The cost of all upgrades in Buyer's selections are to be paid by Buyer directly to the Bulkier,Builder requires a 100%non- refundable deposit for all upgrades or changes to builder's standard plan and features at the time selections are made_with the remainder due on or before the closing date.Deposits for upgrades changes are non-refundable once the Builder has obtained a permit to start construction on the Property, (C) For new construction,Buyer shall make all decorating and upgrade selections within 10 days of the execution of this Agreement("Selection Deadline"),unless otherwise agreed to in writing by the Builder.Time is of the essence in making these selections.For homes already under construction,all decorating and upgrade selections are due to the Builder within 48 hours of the execution of this Agreement. (d) If Buyer does not make the decorating selections by the Selection Deadline,the Builder may either make the selections for the Buyer or delay the schedule for completion of the Property and Closing,whichever the Builder chooses in the Builder's sole discretion. Any selections made by the Builder under the provisions of this paragraph are hereby deemed agreed to and accepted by the Buyer. If the schedule for completion of the property and closing is delayed due to Buyer's delay,the Builder wilt charge a daily fee of$55 per day until buyer selections have been approved,unless otherwise agreed upon herein. 10. HOMEOWNER'S DUES Buyer acknowledges and agrees that the property may be subject to certain community covenants that require assessments for homeowners within the neighborhood by Homeowner's Associations)to produce sufficient funds to pay for insurance,maintenance,operation,and repairs of the common arca of the neighborhood and/or the development of which it is a part,and to otherwise enable the Homeowners'Association(s)to perform its(their)undertaking. Such assessments may change from tune to time in accordance with the community covenants and the organizational documents of the Association(s).Buyer hereby acknowledges receipt of the community covenants,(Mark"N/A"if no HOA exists) The current earl..y payment is$950.00 dollars payable to:Community Association Management Services(CAMS). The current working capital fee,("start-up" fee)is S250.00,to be paid at closing by the Buyer. The current Capital os Page 3 of 12 f_OS BInitials _ Seller nt la's • Contribution fee is$250.00.to be paid at closing by Buyer. The current owner set up fee is$125.00,to he paid at closing by the Buyer. II. OIL AND GAS RIGHtS DISCLOSURE Oil and gas rights can be severed from the title to real property by conveyance(deed,oldie oil and gas rights from the owner or by reservation of the oil and gas rights by the owner. If oil and gas rights are or will be severed from the property,the owner of those rights may have the perpetual right to drill,mine,explore,and remove any of the subsurface oil or gas resources on or from the property either directly from the surface of the properly or from a nearby location.With regard to the severance of oil and gas rights,Builder makes the following disclosures:BUILDER DOES NOT,AS A CORPORATE PRACTICE, and SEVER OIL AND GAS RIGHTS OR RETAIN()11. AM)GAS(OR OTHER SUBSURFACE.MINERAL OR SUBSISTENCE RIGHTS)Al ANY POINT IN THE CONTRACTING PROCESS OR AT TRANSFER OF TITLE, 12. INSULATION DISCLOSURE Builder hereby discloses that prior to settlement and closing,builder will hire an independent contractor to install insulation in the Property as follows: Walls R-13 and Ceiling R-30. 13. EARNEST MONEY Except as otherwise provided herein,in the event that any of the conditions in this contract are not satisfied,or in the event of a breach of this contract by Builder,then the earnest money and all deposits shall be returned to Buyer as Buyer's sole remedy for such failure or breath,and this Agreement shall terminate and neither party shall have any further liability to the other party.Except as otherwise provided herein,in the event Buyer breaches this contract,then the earnest money shall be forfeited but such forfeiture shall not affect any other remedies available to Builder and Buyer over the return or forfeiture of earnest money held in escrow by the settlement agent. The settlement agent is required by state law to retain said earnest money in his trust or escrow account until he has obtained a written release from the parties consenting to its disposition or until disbursement is ordered by a court of competent jurisdiction. 14. PROBATIONS AND ADJUSTMENTS Unless otherwise provided,the following items shall be prorated and either adjusted between the parties or paid at closing. (a) Ad valorem taxes on real property shall be prorated on a calendar year basis to the date of closing (b) Ad valorem taxes on personal property for the entire year shall be paid by Builder. (c) All late listing penalties,if any,shall be paid by Builder, (d) Homeowner's associanorasi dues shall be prorated to the date of closing. IS. CLOSING EXPENSES Builder shall pay fax the preparation of the deed and for the excise tax(revenue stamps)required by law.Buyer shall pay for recording the deed.Each shalt pay their own attorneys fees. 16. FIRE AND OTHER CASUALTY The risk of loss or damage by fire or other casualty to the property prior to closing shall be upon the Builder. 17. CONDITIONS (a) All deeds of trust,liens and other charges against the property,not assumed by Buyer,must be paid and canceled by Builder prior to or at closing. (b) Title must be delivered at closing by General Warranty Deed and must be fee simple marketable title,free of all encumbrances except ad valorem taxes for the current year(prorated to the date of closing),utility easements,assessments for homeowner's dues,and unviolated restrictive covenants that do not materially affect the value of the property and such other encumbrances as may be assumed or specifically approved by Buyer.The property must have legal access to a public right-of- way. I8. LABOR AND MATERIAL Builder shall furnish at closing an affidavit and indemnification agreement in a form satisfactory to Buyer and Buyer's title insuranCe company showing that all labor and materials,if any,furnished to the property within 120 days prior to the date Of os r--os 0.) Page 4 of 12 ‘5,) Buyer Initials Seller Initials closing hate been paid for and agreeing to indemnify Buyer and Buyer's title insurance company against all hiss from any cause or claim arising therefrom. • 19. NEW LOAN Buyer shall be responsible for all costs with the respect to any new loan obtained by Buyer.Builder shall have no obligation to pay any closing cost.discount fee or other charges in connection therewith unless specifically set forth in this agreement. 20. TERMITE GUARANTY The Builder shall provide a new construction termite guarantee to Buyer at closing. 21. COMPLETION OF CONSTRUCTION The construction of the Property shall be deemed completed when tat the Property has been completed substantially in accordance with the plans,minor punch list items excluded,and th)a final certificate of compliance allowing occupancy has been issued by the appropriate governmental authority having jurisdiction over the construction of the Property. 22. INSPECTIONS Buyer or Buyer's designated repre entatihe may enter and inspect the Property at reasonable times and in such manner as not to interfere with the progress of construction for the limited purpose of determining whether the work performed or being performed conforms to the Plans and the terms of this agreement.In the event that during construction the Buyer shall reasonably determine that such construction is not proceeding in accordance with this agreement.Buyer shall give written notice to Builder specifying the particular deviation,or omission,and the Builder shall forthwith correct such deviation,deficiency.or omission.unless otherwise agreed.Buyer's right under this paragraph shall not release Builder from any of Builder's obligations for the construction of the Propcny substantially in accordance with the Plans and this agreement. 23. LNQUiRIESICOMMUNICATING WITH THE BUILDER All questions regarding the new home shall be submitted to the Builder through the Builders Representative/Listing Agent.Only written responses by Builder,and agreed to in writing by both Buyer and Builder.shall be deemed binding. 24. VISITS/ACCESS TO THE PROPERTY If Buyer chooses to visit the home.Buyer agrees to limit visits to the Property to a reasonable length of time during normal business hours and shall be escorted by a Builder Representative.Builder Representative/Listing Agent shall be made aware of visit prior to visit.Buyer further agues to avoid conversation with workmen or in any way hinder work on the home,unless it has been requested that Buyer be there to assist in some phase of the construction, 25. PLANS Buyer hereby acknowledges and agrees that previously built dwellings,floor plans,different elevations of same or similar floor plans,renderings,drawings,site plans,and the like which allege to depict the Property,or any portion thereof,arc merely approximations,and may not necessarily reflect the actual as-built condition of the Property.Home will be in substantial and material conformance to plans. 26. PLACEMENT OF HOUSE Jerri Builders,Inc. has sole discretion regarding the placement of the home on the lot. Many factors and considerations (including but not limited to grading,site conditions,streetscape,etc.)dictate that the Builder has the sole responsibility and authority to make this decision. 27. SITE CONSTRUCTION AND LANDSCAPE Once the house is positioned on the Lot,a strong possibility exists that all trees within 15 feet of the house's foundation will be removed in order to position dirt from the excavation and also to permit heavy machinery to operate on the lot. in addition.any trees in the area of the driveway,sewer,water,electric or gas utility lines will be removed.Final clearing and grading for lot is determined solely by Jerri Builders,Inc. The Builder is not required to clear or remove brush or debris from,seed,sod or Ral Page 5 of 12 Buyer Initials Seller Initials otherwise lteds,:aise sn% w,esded an-as lot-aced on the Property Ekisting vegetation on the Property may be damaged dunng erading and construetiorz.and we stave no responsibility or liability for sun'vat of same.1.1`e do not%%arrant landscaping or segetatien.inchiding trees.plams.lawns and shrubs.whether or not installed by us.Buyer acknowledges that Buyer will inspect f'''orerts closin and will Aver the larelsevin esists on thr date of closing and further agrees to lake 1111 responsibility for the landse4ang alter closing.Buyer accepts full responsibility for watering and maintaining vegetation and for Pro mune erosion.settlement and other similar problems after takine possession of the Propeny.Buyer and Builder agree. c%cr.that'Builder„siuil be rt vonsitsie for those Luidscdpe items trasonahl) identified in writing In Buyer at closing and acceptssI by Builder at closing 1.11NTRACTOI6 AND#OR SUPPIJEILS an.;materials to be performed or supplied under this Agreement shall be performed and supplied by Builder's own contractors.subc\mtmclors.employees agents-and suppliers.Buyer shalt not base the right to have any work performed or supplies deli%ered to the Property at Buyer's own direction prior to closing. 29. FHANA REASONABLE VALUE If i3u,.er is purchasing using VI IA or VA financing_Buyer understands that Builder deposits ate non-refundable due to the fact that they axe for options or upgrades of the Buyer's choice.Builder is not obligated to return Builder deposit for any reason it Buyer fails to close on home. X. GRANITE Granite is a natural stone and due to the nature of the stone the piece that is installed may look different than the sample the Buyer sass during the selection process.Darker or lighter tones may exist in the same piece andor dull spots may appear on the surface that cannot be polished or huffed out.Spots or veins may occur that resemble cracks. Seams will be No isible and can he up to 1 le" in width.Buyer understanth and agrees not to hold Jerri Builders.Inc,or their granite vendonslSupplienst responsible for natural imperfections and or problems associated with negligent care on the part of the Pluer. 31. CHANGE ORDERS aces that any request for changes or alterations to the home made alter the Selection Deadline will result in a$150 change order fee. An change orders are paid up front plus the change order fee. All monies paid including any upgrades. change order fees.etc,will be non-refundable. Any requested change order must be in writing and signed by Buyer and Builder. No agent.subcontractor,workman,or material man has authority to agree on time to schedule the change orders into the normal building sequence.BUILDER HAS THE RIGHT TO REFUSE TO MAKE;CHANGES ALTER APO S TH A T ARE REQt.ESTED,BUYER AGREES TO PAY BUILDER UPON DEMAND FOR THE COSTS OF LABOR AND MATERIALS.FOR WORK NECESSITATED BY AGREED CHANGE ORDERS.AND FURTHER UNDERS T.1 DS THAT THERE WILL BE NO REFL'NDS. UNDER ANY CIRCUMSTANCES.or P YMEN r MADE FIV BUYER ER i)\t CHANGE ORDERS,Builder in its sole discretion may elect to accept any change order request within 30 days of closing. Buyer further acknowledges that any work done on the home pursuant to change orders or addition,may not increase the appraised value of the Property. Builder shall nor be responsible if increases in the price of the Property due to change orders or additions are not reflected in the appraised value of(and resulting available loan fort the Property. Buver acknowkdges that change orders may delay the completion of the home and the dosing. 32. HOMEOWNER ORIENTATION Buy er agrees to conduct a Home Orientation with Builder in order to introduce the fundamentals of the home,including mechanical systems,general maintenance,functionality. of appliances,utilities,completion and finish of the home and the warraius proc at a time scheduled by Builder.Any items needing repair or completion will be noted in a written report and will be conrpleted or repaired according to Builder's published warranty procedures. If.on the Closing Date,a CO has been issued,closing shall proceed on the Closing Date even if them are incomplete items on the pre-closing written report,and Builder will complete such items as soon as is practicable after closing. In no event may Buyer delay closing or refuse to c1054:bo,:ause an item on the pre-elosinu inspection report has not been completed,and in no event shall Builder be required to escrow for any incomplete items. The Homeowner Orientation is meant to be with the Buyer and the Builder and will he scheduled appreximatel% one week prior to Closing.A"Final Acceptance"will take place the day before or the day of Closing.All meetings will take place kionda% through Friday between the hours of 9:00 am and 3:00 pm.If Buyer chooses to forego Jerri Builders.Inc. standard orientationP ed- Buyer waives the right to demand certain items be completed at the time of closing and any items agreed to by both Buyerfwanr. Builder will be addressed at Buyees 11-month walk. 33. Wlio flOIE spECTIO r—Ds fk9 Page 6 of 12 „--03 Buyer Initials Seller Initials Buyer ma),between the time of the Builder's Quality Walk of their new home and the Buyer's Home Orientation and Wall-- through.at Buyer's expense and at reasonable times during normal business hours,have the right to schedule a private home inspection and accompany said inspector to the property for the purpose of making a diligent,prudent and competent inspection by examining and surveying the property.Buyer agrees to assume all responsibility'for the acts of himself and his private home inspector and agrees to hold Builder,Broker,and Broker's affiliated licensees harmless for any damages or injuries resulting therefrom.Appliance warranties will be transferred to the Buyer at closing.Any other matters are handled at Buyer's Walk-through. It is the Buyers responsibility to schedule the inspection with the Builder and to give the Builder at least 72 hours notice unless otherwise agreed upon. Following the inspection and prior to closing,Buyer shall either(A I accept Property in its present condition by written notice to Builder.or(B I furnish to Builder a copy of the Inspection Report with a written amendment setting forth those items in the inspection report which have not been completed in material compliance with the Contract If Buyer does neither(A)or(B),this paragraph shall be deemed waived by the Buyer.If Buyer submits the written amendment,then the Builder shall correct and/or complete any work not performed in substantial and material compliance with the Contract prior to the scheduled closing or provide documentation that work is completed according to code and is in accordance with the Contract. 34, MOLD/MILDEW The Builder does not claim any expertise regarding the identification.remediation or possible health consequences of mold.THE HOUSE IS NE:El-HER CONSTRUCTED NOR WARRANTED TO BE FREE FROM MOLD Al THE TIME OF CLOSING OR AT ANY TIME THEREAFTER,AND NO EXPRESS OR IMPLIED WARRANTY IS MADE OR GIVEN AS TO THE ABSENCE OF MOLD,The Builder will not be responsible for any damage caused by mold or other agent that may be associated with the construction including,but not limited to,property damage adverse health effects,personal injury,loss of income, emotional distress death,loss of use,or any other damage or adverse condition or effect.Whether or not the homeowner experiences mold growth depends lareety on how the home.is manag,ed and maintained.Buyer is responsible for periodically inspecting the house for plumbing leaks,visible evidence of excessive moisture or mold growth and performing routine maintenance on the house in order to keep the house in good repair and condition.Buyer agrees to notify Builder if it appears that abnormal amounts of moisture arc accumulating in the house,if a water leak is discovered or mold is found.If mold is found.Buyer should immediately consult with a qualified expert regarding mold remediation or other questions pertaining to mold. 3$. RADON INSPECTION Buyer shall have the option,at Buyer's expense,to have the Property tested for radon prior to Settlement.The test result shall be deemed satisfactory to Buyer if it indicates a radon level of less than 4.0 pico curies per liter of air(as of January 1. 1997,EPA guidelines reflect an-acceptable level as anything less than 4.0 pica curies per liter of air).if the test result exceeds the above- mentioned level, Builder shall remediate to bring the radon level within the satisfactory range. Upon the completion of remediation.,Buyer may have a radon test performed at Builder expense,and if the test result indicates a radon level less than 4.0 pico curies per liter of air,it shall be deemed satisfactory to Buyer. 36. NOTICE Any notice or communication to be given to a party herein may be given to the party or to such party's agent.Any written notice or communication in connection with the transaction contemplated by this Contract may be given to a part or a party's agent by sending or transmitting the notice to any mailing address,e-mail address or fax number set forth in the"Notice Information"section of this Agreement Builder and Buyer agave that the'Notice Information"and"Escrow Acknowledgement sections of this Agreement shall nor 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 counter offer. 37. DELAYS Builder shall have no liability for any delays in construction caused by Buyer's change orders upgrades,special orders or selection of materials.In the event of such delays,the closing date may be extended by the Builder, if the Buyer delays the closing more than ten days from the Closing Date,or any extension of the Closing Date agreed-upon in writing,and then Buyer shall pay Builder at closing$100.00 per day of delay. 38. APPRAISED VALUE Buyer acknowledges that,due to variable appraisal practices,the full value of changes,upgrades or closing costs added to the original contract sales price may not be inelnded in the appraised value of the home.in the event an appraisal is less than the final price sales including all 000ns/upgrades/closing costs,Buyer represents and warrants that Buyer has sufficient cash to cover the Initials Page 7 of 12 as os Seller Initials d watc1/4.lietswcn the final sales price and the appraised salue,and to close the transaction.Failure to appraise will not he p,t1itiittiS leg lemillunionb> Buyer. .49. 111.4)SEI401.4( (X)1)8 he movement of any household goods or other materials by Buyer into the home will not be permitted until the home has been completed.the total sales price has been paid in full and deed has been recorded, 40. SURVEV Builder has a preliminary plot plan only.If Buyer would like a final survey.Buyer may request one at Buyer's expense. Buyer must Ultima closing attorney in advance,of closing if they would like a final survey. 41. trnunEs It is Buyers responsibility to have all utilities transferred from Builder to Buyer's name on the day of closing.Utilities should be contacted at least one week prior to closing,.If not transferred,Builder may turn utilities off 24 hours after closing.Buyer will refund Builder any costs incurred by Builder after the date of closing. 42. SETTLEMENT ATTORNEY Seller's approved attorney,regardless of the mortgage company teed,wilt conduct the closing.The closing attorney shall be Harris Law Firm,Specified attorney shall represent both Buyer and Builder only in such case as the common representation can be managed in the hest interest of both the Buyer and Builder.Specified attorney shall on behalfof the Buyer render an opinion on thk,prepare loan documents for Buyer,explain loan documents to Buyer and disburse loan proceeds.Buyer may independently employ separate counsel,however all additional and redundant costs shall be the sole obligation of the Buyer. If a conflict develops between Buyer and Builder.Builder's approved attorney must withdraw from the representation of both parties and will not represent either party in the transaction. Page 8 of 12 os Buyer Initials Set ter Initials 43. BIN"DING ARBITRATION Disputes arising out of Builder's acts,omissions or n-sponsibilities or Buyer,acts,omissions or responsibilities in connection with the construction of the Home or other improvements on the Property shall,at Builder's sole option,be resolved by arbitration in accordance with the operative sections of article 45C of Chapter I of the North Carolina General Statutes and shall be engaged when either party delivers written notice of demand for arbitration to the other party.:1 demand for arbitration shall he made within a reasonable time atter the claim;dispute or other matter in question has arisen.In no event shall the demand for arbitration be made after the date when institution of legal or equitabk proceedings based on such claim.dispute or other matter in question would be barred by the applicable statute of limitations.\otwithsuuttline any other provision of this Addendum.in any arbitration proceeding between the parties related to the construction of the Home or any other improvements on the Property,either party shall have the right to include,by consolidation.joinder or in any other manner,any person or entity whom such party believes to be substantially involved in any common question of fact or law with respect to such arbitration proceeding Buyer agrees that any dispute with Builder shall not interfere with Builder's ability to proceed with its cortctructi n and that Builder may(but is not obligated to)proceed with its work.subject to the claim of Buyer.This agreement to arbitrate shall he specifically enforceable under the prevailing arbitration law, The award rendered by the arbitrators shall be final,and judgment may be entered upon it in any court having jurisdiction thereof. 44. SEVERABILITY The provisions of this Agreement are intended to be independent,and in the event any provision hereof shall he declared by a court of competent jurisdiction to be invalid.illegal,or unenforceable for any reason whatsoever,such legality.unenforceability. or invalidity shall not affect the remainder of the Agreement. 45. ASSIGNMENTS This contract may nut be assigned without the written agreement of all parties,but if assignedby agreement,and then this contract shall be binding on the assisned and assignee's heirs and successors. 46. PARTIES This contact shall be binding upon and shall inure to the benefits of the parties and their 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. 47. SURVIVAL if any provisions herein contained which by their nature and effect is required to be observed,kept or performed after the closing, they shall survive the closing and remain binding upon and for the benefit of the parties hereto until fully observed,kept or performed. 48. ENTIRE AGREEMENT This contract contains the entire agreement of the parties and there are not representations,inducements or other provisions other than those expressed in writing and signed by Buyer and Builder.Nothing contained herein shall alter any agreement between a broker and Builder contained in any listing contract or other agreement between them_ 49. BROKER DISCLAIMER Buyetys)acknowledge that they have not relied upon any advice or representations of any real estate licensee involved in this sale relative to tit the legal or tax consequences of this contract and the sale,purchase,or ownership of this property;t ii)the structural condition of the property,including the roof and basement(Hi)consttucticm materials;tiv)the nature and operating condition of the electrical,hunting,air conditioning,plumbing and water systems and appliances;(v)the age and square footage of the improvements,and the size or area of the property,(vi)the availability of utilities or sewer services;(v ii)the character of the neighborhood;(wilt)the investment or resale value of the property;(ix)any other matter affecting their willingness to sell or va i--os Rik Page 9 of 12 Buyer Initials Sellerinitials Purchase prockrty on the terms and price herein set tOrth,litiyen I acknowledge that if such matters are of concern to them in the decision to sell or purchase the rimpetty,they has e sought and obtained independent ads ice relative thereto, 50. EFFECTIVE DATE Ilh:I tleeltxe Oate shall be It*dale that,t I t the lam one ot Buy et,iod Builder has',toed or initiated this offer or the final riatnterofTcr. Wanly,and t 2 i such signing or initialing is conimunivato..1 to the party making the idler or counteroffer.as the case may he, 51. Bti'VER'S OBLIGATION T4.)REPAIR I)AAIAtiit: Buyer shall.at Boxer's expense.promptly reran any damage to the Property resulting from any activities of Buyer and 11u:ie.-f.'s agents and rontiactors, this repair 14•14:111011 shalt stilvhe any terintitioom,fi Ihi, ,,,roalicot 52. c()mr(7TAT1()N OF DAPS I. nless otherst ise pros ided.tix the plIrro,t`S.0(this Agreement,the term-days"shall mean consecutive calendar days. including Saturdays.Sundays,and holittaxs.whether federal.state.total or religious For the purptiscs of calculating days. the count of"days shall begin on the day follooing the day upon which any act or notice as provided in this Agreement's required to be performed or made. :Si. INDEVINITV Buser sill indemnify and hold Builder harmless from all kiss.damage.claims,suits or costs.which shall arise out of any contract. agreement.or injury to any person or property as a resuh 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 andor out of Builder's negligence or%itlfut acts or lliiiissions.This intk-mnity shall survive this Contract and art!.,termination hereof 54. AMENDMENTSiADDENDUMS Sio Amendment or Addendum to this Agreement shall he effective unless it is made in writing and executed hy all parties with the same formality as this Agreement. 35. GOVERNING LAW AND JURISDICTION/SURVIVAL This Agreement shall be governed by and construed and enforced in accordance with the taus of the State of North Carolina. The parties to this Agreement hereby agree to be subject to the exclusive personal jurisdiction of the State of North Carolina, The terms of this Agreement shall survive closing. S. EXECUTION This Agreement may be signed in multiple originals or counterparts,an of which together constitute one and the same instrument 57. COMMUNICATION After effective date of contract.Buyer understands that communication related to the consuuction of the home,the building process and the dosing of the home are of utmost importance and time sensitive.Buyer gises the builder and their representatives express permission,to be contacted directly for updates,and communication of all items pertaining to this agreement,the construction and build process of the home closing,and warranty and service after closing. S.S. EXPRFSS AUTHORITY Buyers expressly authorize Buyers'lender,real estate agents and closing attorney: 11 To provide a copy of the parties'contract to 01 an appraiser and 21"l'o release any buyer closing di:selosure,settlement statement or disbursement sum - iu KO parties,their i.-- 14 Page 10 of 12 3.) . . : ..., Buyer Initials Seller fiitials .1. li. ..,, • agents_and the Buyers'tender. The Builder authorites the Ckning attorney to rehase the.›eller$-dosing d CocUre,s,et Element statement or disbursement summary to the names,their 3golts,and t,the Buyers ithdt! 59, NOTICE INFORMATION ro BUYER Buyer's Agent' 11 a Acting As, Firm Name: Adelms: ELensea Email- Phone. TO BIALDER Builder's Agent: Tamra Farris Firm Name: Fonsilte kiorisey Barefoot New Home Sales Acting as Setter's Aleut Addrew 201 Btyue VS arch Dr,Newport NC 28570 Lvziaise Phrxe Enuih tanvatarnidgilaiiIMI 810-467-1304 (.---DocusAaned afertt 41:killitt iktriourf. (SEAL) Bus er`Borross en. 8/16/2017 Date (SEAL) Date r-T-DisuoSvmd Seller LYrit (SEAL) 8).1.ociirs4A.tx Date(effective date) Page 11 or 11 B---iLt!iuyer Setter Initial-4- EXHIBIT B krri Builders. Inc Additional Provisions Buer and Seller agree that contract price includes the following: Scree-nine,porch approv. lox I 2 Outdoor Shov er Preplan electrical for future generator Metal tin roof I.1 V1ile or Engineered Harwood/tile throughout (no carpet) Floor Plan, as ;Ilown. to he reversed to gain optimal views on kit. Bu cr:Borrower fitAtif (SEAL 1 16,43.row,k4,,: 8/16/2017 Date (SEAL) Date Selkt (SEAL) - \---ixzearas.0.04 8/16/2017 Date(effective date) Rtio Page 12 of 12 I 3i Buyer Initials Seller 1 nitials f, ', ,S"1'A'EI. 01. NORTH H (.'AROF,l's A s - r":` MINERAL, AND O.IL. AND(,AS RIGlITS MANDA'FQRY DISCLOSURE STA1 F MEN Instructions to Property Owners 1- The Residential Properly Disclosure Act (G-S. 47E)t"Disclosure Act"h require°,(Avn r,„f certain rsidcnti it mat ‘..”,tale such as. single-/amity Iwntcs,individual condominiums.townhouses,and the like,turd buildings with up to lour dwelling units, to :urns;,ri purchasers a Mineral and Oil and Gas Rights Disclosure Statement (-Disclosure Statement-),This lornl is the:only one approved tor this purpose. 2 A disclosure statement is not requited for some transactions For :t cc,naplcte list ot exemptions. sett (,S. 47E;-2ta). :1 I MS(I..OSURE SiATEMENT'IS REQUIRE:[)FOR THE TRANSFERS IDENTIFIED iN GS.47F 2(j including transfer, ins olsing the first sale of a dwelling never inhabited. lease with caption to purchase contracts where the lessee occupies or intends to occupy the dwelling,and transfers between parties when both p iro s agree not to panicle the Residential Property and Owner's Association 1)isclosu,-e Statement, 3. You must respond to each of the following by placin?a check in the appropriate Not MINERAL,AND OH,AND GAS RIGHTS DISCLOSURE Mineral rights and/or oil and gas rights can he severed from the title to real property by conveyance (deed 1 of the mineral rights and/or oil and gas rights from the owner or by reservation of the mineral rights and/or oil and gars rights by the owner. If mineral rights and/or oil and gas rights are or will he severed from the property, the owner of those rights may have the perpetual right to drill.mine.explore,and remove any of the subsurface mineral and/or oil or gas resources nn or from the property either directly front the surface of the property or from a nearby location.With regard to the severance . ofmm min' rights and/or oil and gas rights.Seller makes the following disclosures: Yes No No Representation u tUtialc i. Mineral rights were severed from the property by a previous owner. -4 ritials 2.Seller has severed the mineral rights from the property. 0 18) tills 3.Seller intends to sever the mineral rights from the property prior to 0 i$1 transfer of title to the Buyer. B • k 4.Oil and gas rights were severed from the property by a previous owner. 0 0 uy itairiats S.Seller has severed the oil and gas rights from the property. 0 OD tK�lu�� Buyert<Seiler intends to sever the oil and gas rights from the property prior 0 rE to transfer of title to Buyer. Note to Purchasers if the owner does not give you a Mineral and Oil and Gas Rights Disclosure Statement by the time you make your offer to purchase the property. or exercise an option to purchase the property pursuant to a lease with an option to purchase.you may under certain conditions cancel any resulting contract without penalty to you as the purchaser.To cancel the contract, you must personally deliver or mail written notice of your decision to cancel to the owner or the owner's agent within three calendar days following.sour receipt of this Disclosure Statement or three calendar days following the date of the contract, whichever occurs first.However,in no event does the Disclosure Act permit you to cancel a contract after settlement of the transaction or(in the case of a sale or exchange)alter you have occupied the property,whichever occurs first. Property Address: 205 Bow Spray, Newport, NC 28570 Owner's Naume(s): Jerri Builders, Inc. O►vner(s)acknowledge having extnnined this Disclosure Statement before signing and that all information is true and correct us of the date signed. e—r> ss,•"a to Lur ,w^ Owner Signature: .f ` jt) Jerri BuzIders, Zoe. Date 8/16/Z017 Owner Signature: L—cco�ataa�,x Date Purchaserls) acknowledge receipt of a copy of this Disclosure Statement; that they have examined it before signing; that they w dtrstand that this is not a warranty by owner or owners agent: and that the representations are made by the owner and tout the owner's ageru(s)or subagent(s). r�Lo"��a�6�ip�r�v�d/°fir, �{ a 8/16/2017 Purchaser Signature: ktiletYT )t4t ,Y' it Herbert Weatherford Date --oawh 13a .silo Purchaser Signature: Date RISC'4. 5 FonvBte Morley tiarcroot,201 t3ogue Waich Dove Newport.NC 2$570 i/tlI5 Phone:252-393-2296 fax: Tamra Faun 11Ciw6o Proc}xJe rah:r)FoITti,th M tekaue 1";f'4taenn M*f,fina7 t rasp', RAIrtvaan,INI5 Ma"N.PAC( room OWNERS'ASSOCIATION DISCLOSURE AND CONDOMINIUM RESALE STATEMENT ADDENDUM NOTE: For condominium resales or when Residential Property and Owner's association Disclosure Statement is not required tFor example:New Construction.Vacant Lot/Landl or by agreement of the parties, (tope:its:205 Bow Spray'', Newport, NC 28570 ______ - - Buyer Herbert Weatherford _ Seller:Jerri Builders, Inc. - This Addendum is attached to and made a part of the Offer to Purchase and Contract("Contract')between Buyer and Seller for the Property. For the purposes of this Addendum. "Development" means any planned community or condominium project, as defined by North Carolina law,which is subject to regulation and assessment by an owners'association. Any representations made by Seller in this Addendum are true to the best of Seller's knowledge. and copies of any documents provided by Seller are true copies relating to the Development.to the best of Seller's knowleilge. Except with regard to Confirmed Special Assessments,Seller does not warrant the accuracy.completeness,or present applicability of any repo-.scntation or documents provided by Seller, and Buyer is advised to have all information confirmed and any documents substantiated during the Due Diligence Period. I. Seller represents to Buyer that the Property is subject to the following owners'association(s)'insert N/A into any blank that does not apply): fa (specify name): Community Association Management Services whose regular assessments ("dues")are$950.00 per Yr _The name,address and telephone number of the president of the owners'association or the association manager are: Community Association Management Services (CAMS) 252-247-3101, 316 Commerce Pore, Ste C. Morehead City, NC 28557 • Owners'association website address.if any: www.casmagat.com 0 (specify name): whose regular assessments ("dues")are$ per .The name,address and telephone number of the president of the owners'association or the association manager are: Owners*association website address.if any: 2. Seller represents to Buyer that the following services and amenities are paid for by the above owners' association(s) from the regular assessments("dues"): (Check all that apply) 0 Master Insurance Policy Including All Units IN Street Lights gg Real Property Taxes on the Common Areas 0 Water El Casualty/Liability Insurance on Common Areas 0 Sewer ',It Management Fees li2 Private Road Maintenance 0 Exterior Building Maintenance Q2 Parking Area Maintenance 0 Exterior Yard/Landscaping Maintenance 1$1 Common Areas Maintenance 0 Trash Removal 0 Cable C3 Pest Treatment/Extermination 0 Internet service 0 Legal/Accounting Qa Storm Water Management/Drainage/Ponds (8) Gate and/or Security MI Recreational Amenities(specify): pool, kayak launch, boat ramp, playground 0 Other(specify) ............ _ Page 1 of 2 This form jointly approved by: Carolina Bar Association ow North Carol 1677 .'• iation of REALTORS®,inc. "."—D5 111 STANDARD FORM 2A 124 North Caro illt Revised 7/2015 AL3 Buyer lawAst' 'All limi +3 7/2017 .. Seller initials .1,,yr,*I,NI Icye;s'Iiirtbve,ZO:Bove Wardl On',S,wporl M-..;,• ,-,,. •-- Mott, ....`,,Z.14 *, I a, ItirAVtIt.11.taitulliwt:, 1 litet i Nom PrOdubed'alb 24kurbie by Zfpi3OgkX 18070 hewer We Reed,Fraser.In 48026 iwww,tralimix.corn ... i '. Other o,peif)• _ As of this date, there auv no other due*, fees or Special Assessments. Confirmed (ir Proposed. payable by the Des clopmenfs Koren).Owners.except: . 4. As of this date. thew are no unsatisfied judgments against or pending lawsuits involving the Property. the Developnwra andlor the owners'association,except 5. The fees charged by the owners'association or management company in connection with the transfer of Property to a new owner (including but not limited to document preparation,move in/move out fees.preparation of insurance documents. statement of unpaid assssments.and transfer fees>are as follinvs- $250 Capital Contribution, $250 Working Capital and_ 4.50 New Owner Set Up Fee 6, Seller authorizes and directs any owners' irssociation. any management company of the owners' association. any insurance company and any attorney who has previously represented the Seller to release to Buyer. Buyer's agents. representative. closing attorney or lender true and accurate copies of the following items affeetint.the Property.int-Indunt.any amendments: • Seller's statement of account • master insurance policy showing the coverage provided and the deductible amount • Declaration and Restrictive Covenants • Rules and Regulations • Articles of Incorporation • Bylaws of the owners' association • current financial statement and budget of the owners'association • parking restrictions and information • architectural guidelines The parties have read,understand and accept the terms of this Addendum as a part of the Contract. EN THE EVENT OF A CONFLICT BETWEEN THIS ADDENDUM AND THE CONTRACT. THIS ADDENDUM SHALL CONTROL EXCEPT THAT IN THE CASE OF SUCH A CONFLICT AS TO THE DESCRIPTION OF THE PROPERTY OR THE IDENTITY OF THE BUYER OR SELLER,THE CONTRACT SHALL CONTROL. THE NORTH CAROUNA ASSOCIATION OF REALTORS®, INC. AND THE NORTH CAROLINA BAR ASSOCIATION MAKE NO REPRESENTATION AS TO THE LEGAt.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 fT. 8/16/2017 8/16/2017 Date: Date: DocuSlwurd by Buyer: ittylivf Oicdtti..Yftla He 1.4,4.,,,ta.grf 0 rd Jerr ilders, _Inc. Date: Date: Buyer Seller Entity Buyer Entity Seller: (Name of LLC/Cotpotation/Partnershiparust/etc.) (Name of LLC/Cot pot ationThumership(Frust/etc.) By: By: Name: Name: Tule: Date: Date: --- • - — Page 2 of 2 STANDARD FORM 2Al2.T Revised 7/201.5 0 7/2017 0,brAx-e4 nib:01-orme by oltogu MO 70 FAtear etas rinad,isLicluoun errs .e,,kirt.aluttf_marn ESOW60 e Air Installation Compatible Use Zone • plot otwory uot4teo,Jrulhcsgreater than 90 Oar, t he properly at the Woven()tocatron 631.501050894000 Address ?OS BOW SPRAY DR NEWPORT, NC srtuatee u.,truu tba roaessing Aires et the 4.fur 'aistallaben Compatible Qv:Zane', thf:"anrif. -orns.nankanr t.atidora Bogue u h flown Noism Exposure Level NI (below 65 Ida):Area of low notoe impact ...aleret Leann's. nes mai.ea iertavl use te4tEttoo5 and requwethents on the development of property wAnin the MCAS 4=S1.? Before parchasmg or e,Ivng the above property,you should consult the Carteret County Department of Ptuurrig and Development to determine what fest rchons and tectuthetheotS have ken placed on the qttlett property. F'Or PrOPerreS ictentaied as berng Whir Noise ExpOSure Level Zones,Carteret County provides kniormation tog volontalY tho5retItY:e rkv,setOet for elt6OM)Or prOposled # # 1' L_L,„ AL waft at the sub)ect property,hereby certify that I haw fflf,)trneti L „ praspeV..f.ie "atrake:Sceeilter.that the striated property is-boated in an Arr instababon Compabbie Use Zone ')vovthirkOtent Port;t135tv,'Les5tuetftlter Date eb-, - AgellSrmhaserjcessee,Renter Date tbutit6164_17 48,4,s.,39,0,4,44-460 b3 mob4eilttOnItCartorferalCUZ,feefauft a$LnirnIN-61150-10506fl4bon