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HomeMy WebLinkAbout68598D - Gore„AMA / DREDGE at FILL , t # . A B IJENERAL PERMIT Previous permit '4ew ❑Modification El Complete Reissue ❑Partial Reissue Date previous permit issued zed by the State of North Carolina, Department of Environment and Natural Resources )astal Resources Commission in an area of environmental concern pursuant to 15A NCAC O� ❑ Rules attached. Name Vet Of /SVylyl Ll- Project Location: County �V►'LSWii w Street Address/ State Road/ Lot #(s) U I A b(4S� State NC zip 7-S`i 7 L `� orP (� ' E-Mail ,d Agent Sa+M m \�ya r h a h�1 ❑ CW X EW iXPTA ❑ ES ❑ PTS ❑ OEA ❑ HHF ❑ IH ❑ UBA ❑ N/A ❑ PWS: fes / fioq PHA bes )/ no Project/ A tivity NIA CJ A) length � � 119� ttform(s) � 1 Platform(s) ngth tuber d/ Riprap length distance offsht uc distance Ah cannel / bic np ise/ Ot, 1 X lulldozing ie Length I Z not sure yes orium: n/a yes yes Subdivision - —""'-- City SVV1k zip z-844 j�P. 6; e ( IR 0) � � � 2-4S River Basin Adj. Wtr. Body Closest Maj. Wtr. Body Z (Scale: I 1 : f- Attached: yes ( I - i^ ling permit may be required by: TO W �l D i - S(' / IJC 4t • 1 ❑ See note on back regarding River Basin Consent for Use of General Permit 7H.1200 Lot Number/Address: �? l S h ov't (,►4 Or. W S VvkSt 1 i3t GL C �t County: a lw,5W►Z K Criteria: (check all that apply) ' Primary Nursery Area. S' Less than 2.Oft deep. u Greater than 2.Oft but less than 3.Oft. u Submerged Aquatic Vegetation. u Bottom habitat. Comments: Subdivision: w6t sao , 4 �r Sty ST IV ST'013 ON 4)Jy Decision: FDA ��,��, S ��UG7L�C. ND FnQ,�f�tt.) 2� SU p �( Issue General Permit AMC Sig.." ° 1�- Pb4FF0e. _ lE o Elevate to Major Permit rvo f�or+z %(C -off Akb S � u �N , 1 PRt�e^!� t3oAT 1�E� L oN �- NC Division of MaAne Fisheries Representative Date DIVISION OF COASTAL MANAGEMENT ADJACENT RIPARLAN PROPERTY OANER NOTIFICATION%WAIVER FORM Name of Individual Applying For Permit: f`i - (, V, LL,, Address of Property: `, - ---� Z bl t i1 (Lot or Street #, Street or Road) (City and County) I hereby certify that I own property adjacent to the above -referenced property. The individual' applying for this permit has described to me as shown on the attached drawing the development they are proposing. A description or drawing, with dimensions, should be provided with this letter. I have no objections to this proposal. If you have objections to what is being proposed, please write the Division of Coastal Management, 127 Cardinal Drive Extension, Wilmington, NC 28405 or call 910-395-3900 within 10 days of receipt of this notice. No response is considered the same as no objection if you have been notified by Certified Mail. WAIVER SECTION I understand that a pier, dock, mooring pilings, breakwater, boat house or boat lift imust be set bck a minimum distance of 15' from my area of riparian access - unless waived by me. (If you wish to waive the setback, you must initial the appropriate blank below.) I do wish to waive the 15' setback requirement. I do not wish to -waive the 15' setback requirement. Sign Name D` ate 4OA 4�v Print Name A7* DIVISION OF CGASTAL liANAGEMENT ADJACENT RIPARIAN PROPERTY Oi76�'N rF.P NQTIriCATIC7?�i, WAIti�R FQR�+f Name of Individual Applying For Permit: :Su I.", e+ Address of Property _ Lt>-i (Lot or Street #, Street or Road) u-ity and c;otinty) I hereby certify that I own property adjacent to the above -referenced property. TT.e individuai applying for this permit has described to me as shown on the attached drawing the development they are proposing. A description or drawing, with dimensions, should be provided with this letter_ i have no objections to this proposal. If you have objections to what is being proposed, please write the Division of Coastal Management, 127 Cardinal Drive Extension, Wilmington, NC 2340; or call 914-395-39o0 within IO days of receipt of this notice. No response is considered the same as no objection if you have been notified by Certified Mail, WAVER SECTION I understand that a pier, dock, mooring pilings, breakwater, boat house or boat lift must be set bck a minimum distance of 15' from my area of riparian access - unless waived by me. (If you wish to waive the setback, you must initial the appropriate blank below.) I do wish to nai•ue the 15' setback rerluirerrent. I . not wish to waive the 151 setback requirement. S Narne S Date, k-1 n e+ -5 pa 3! Print Name ANA Telephone Number with .a.:ea Code NCDENR S:'•.camasheiis'- pariarproperty_firm "�, �."'"••"A� .n AGENT AUTHORIZATION FOR CAMA PERMIT APPLICATION Name of Property Owner Applying for Permit: GC� RGG- OQI-5UN 5EON Mailing address: % 3-5-Ci 0 ( CKM AN R 0 - NW, Phone Number: Q Clio- 4/Z{3- 1,95-6 CC(,C I certify that I have authorized !�,A^jAf y VA AJN1 Agent / Contractor to act on my behalf, for the purpose of applying and obtaining all CAMA permits necessary for the proposed development of pe,tr prwA-Te Doc � at my property located at �� 5 f ���� �% or" W Lis 1 in 6k'VIV5w,cY�- County. This certification is valid through f ICA Q, Date (Property Owner Information) AW41-w- - L L Signature Gaec- C,oRe s vI'lseT 191AYS ; ce-c Print or Type Name Title „r r._ �1y/1 CIIVCIU'!Yi IlJ. Jr VUJ('fY-LL.J`J-Y JUO'OCLr'J:ltVCL 1.7L/YD rO AMEtiD CO1rTRACT AV�\v ui+l lLi• l 1 l�l 1. 1� ALL PARTIES, INCLUDING ANY L.F.NDER AND SETTLEMENT AGENT, MUST BE PROVIDED A COPY OF THIS AGREEMENT 3regory S Gore as Buyer, and Ronald G Watts and Adrienne K Watts , as Seller. Zave entered into a contract on the Offer to Purchase and Contract (form 2-T) or the Offer to Purchase and Contract — Vacant Lot/Land 'form 12-T) ("Contract") regarding the purchase and sale of the following property (insert property address): 421 Shoreline Dr W -upset Beach NC 28468 Buver and Seller hereby agree to amend the Contract as set forth below (check applicable box(es)]: ] Purchase Price. The Purchase Price is hereby changed to: $ ] (Additional) Earnest Money. The (Additional) Earnest Money Deposit is hereby changed to: $ ("Property"). ] (Additional) Earnest Money Deposit Date: The date by which the (Additional) Earnest Money Deposit shall be paid to Escrow Agent is hereby changed to: ] Building Deposit. The Building Deposit is hereby changed to: $ ] Due Diligence Fee. The Due Diligence Fee paid to Seller is hereby changed to: $ Due Diligence Period. The expiration date of the Due Diligence Period is hereby changed to 12/03/2017 at 5:00 p.m.. TIME BEING OF THE ESSENCE. ] Escrow Agent. The Escrow Agent is hereby changed to: N014": Use the ESCROW AGENT ACKNOWLEDGMENT OF RECEIPT OF EARNEST MONEY DEPOSIT Settlement Date. The Settlement Date is hereby changed to: 12/18/2017 acheck only if the following also will apply) Notwithstanding anything to the contrary in the Delay in Settlement./Closing paragraph in the Contract, if a Delaying Party fails to complete Settlement and Closing within four (4) days following the Settlement Date above. the Delaying Party shall be in breach and the Non -Delaying Party may terminate the Contract in accordance with the Delay in Settlement/Closing paragraph. ] Expenses. The amount Seller shall pay at Settlement toward Buyer's expenses associated with the purchase of the Property is hereby -hanged to: $ All terms and conditions of the Contract not specifically amended herein shall remain in full force and effect. THE NORTH CAROLINA ASSOCIATION OF REALTORSO, INC. MAKES NO REPRESENTATION AS TO THE LEGA VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIFIC TRANSACTION. Buyer. Selle Pk,dta Buyer: Seller: 44�*AM W7S8-L8-LQFP-UMN8-0�OMi Entity Buyer, _ ?A;�_ U/ 0/1 ,J LLC_. ,tame of LLC/Corporation/Partnership rust/etc.) ,.. ; Entity Seller: (Name of LLC/Corporatio n/Partnership/Trust/etc.) By: s1wture verification: - OFFER TO PURCHASE AND CONTRACT [Consult "Guidelines" (Form 2G) for guidance in completing this form] For valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged. Buyer offers to purchase and Seller acceptance agrees to sell and convey the Property on the terms and conditions of this Offer To Purchase and Contract and anv adder or modification made in accordance with its terms (together the "Contract"). 1. TERMS AND DEFINITIONS: The terms listed below shall have the respective meaning given them asset forth adjacent to term. (a) "Seller": Ronald G. Watts and Adrienne K. Watts (b) "Buyer": __ Gregory S. Gore and/or assicgns (c) "Property": The Property shall include all that real estate described below together with all appurtenances thereto includin improvements located thereon and the fixtures and personal property listed in Paragraphs 2 and 3 below. NOTE: If the Property include a manufactured (mobile) home(s), Buyer and Seller should consider including the Manufactured (Mobile) Home provisi the Additional Provisions Addendum (Standard Form 2A I 1-T) with this offer. Street. Address: 421 Shoreline Drive W. _ City: Sunset Beach Zip: 28468 County: Brunswick North Carolina NOTE: Governmental authority over taxes, zoning, school districts. utilities and mail delivery may differ from address shown. Legal Description: (Complete ALL applicable) Plat Reference: Lot/Unit 12413 Block/Section C Subdivision/Condominium Sunset Beach as shown on Plat Book/Slide 6 at Page(s) 19 The PIN/PID or other identification number of the Property is: 255LB009 Other description: L-12-13 S-C TWIN LAKES PLAT 6/19 Some or all of the Property may be described in Deed Book 1684.00 at Page 620.00 (d) "Purchase Price": $ 1,075,000.00 5.000.00 paid in U.S. Dollars upon the following terms: BY DUE DILIGENCE FEE made payable and delivered to Seller by the Effective Da BY INITIAL EARNEST MONEY DEPOSIT made payable and delivered to Esi Agent named in Paragraph l(f) by ❑ cash ® personal check ❑ official bank c ❑ wire transfer, ❑ electronic transfer, EITHER ❑ with this offer OR ❑wi five (5) days of the Effective Date of this Contract. BY (ADDITIONAL) EARNEST MONEY DEPOSIT made payable and delivere Escrow Agent named in Paragraph l(f) by cash or immediately available f such as official bank check. wire transfer or electronic transfer no later TIME BEING OF THE ESSENCE with regai to said date. S _ BY ASSUMPTION of the unpaid principal balance and all obligations of Seller or existing loan(s) secured by a deed of trust on the Property in accordance with the atta Loan Assumption Addendum (Standard Form 2A&T). S _. BY SELLER FINANCING in accordance with the attached Seller Financing Adden (Standard Form 2A5-T1. $ BY BUILDING DEPOSIT in accordance with the attached New Construction Adden (Standard Form 2A3-T), S 1, 070, 000.00 BALANCE of the Purchase Price in cash at Settlement (some or all of which ma_v be with the proceeds of a new loan). signature verificaden; have one (1) banking day after written notice to deliver cash or immediately available finds to the payee. In the event Buyer not timely deliver cash or immediately available funds. Seller shall have the right to terminate this Contract upon written not: Buyer. (e) "Earnest Money Deposit": The Initial Earnest Money Deposit. the Additional Earnest Money Deposit and any other et monies paid or required to he paid in connection with this transaction, collectively the"Earnest Money Deposit". shall he dept and held in escrow by Escrow Agent until Closing, at which time it will be credited to Buyer, or until this Contract is othe terminated, In the event: (1) this offer is not accepted; or (2) a condition of any resulting contract is not satisfied, then the Ec Money Deposit shall he refunded to Buyer, to the event of breach of this Contract by Seller. the Earnest Money Deposit sk refunded to Buyer upon Buyer's request, but such return shall not affect any other remedies available to Buyer for such breat the event of breach of this Contract by Buyer, the Earnest Money Deposit shall be paid to Seller as liquidated damages a Seller's sole and exclusive remedy for such breach, but without limiting Seller's rights under Paragraphs 4(d) and 4(e) for dame the Property or Seller's right to retain the Due Diligence Fee. It is acknowledged by the parties that payment of the Earnest ,'V Deposit to Seiler in the event of a breach of this Contract by Buyer is compensatory and not punitive, such amount be reasonable estimation of the actual loss that Seller would incur as a result of such breach. The payment of the Earnest ILI Deposit to Seller shall not constitute a penalty or forfeiture but actual compensation for Seller's anticipated loss, both p acknowledging the difficulty determining Seller's actual damages for such breach. If legal proceedings are brought by Buy Seller against the other to recover the Earnest Money Deposit, the prevailing party in the proceeding shall he entitled to recover the non -prevailing party reasonable attorney fees and court costs incurred in connection with the proceeding. (f) "Escrow Agent" (insert name): Hewett Law Firm Mack H ewott NOTE: In the event of a dispute between Seller and Buyer over the disposition of the Earnest Money Deposit held in escn licensed real estate broker (`Broker") is required by state law (and Escrow Agent, if not a Broker. hereby agrees) to retai Earnest Money Deposit in the Escrow Agent's trust or escrow account until Escrow Agent has obtained a written release frot parties consenting to its disposition or until disbursement is ordered by a court of competent jurisdiction. Alternatively, if a Brol an attorney licensed to practice law in North Carolina ("Attorney") is holding the Earnest Money Deposit, the Broker or Atli may deposit the disputed monies with the appropriate clerk of court in accordance with the provisions of N,C.G.S. §43A-12, THE PARTIES AGREE THAT A REAL ESTATE BROKERAGE FIRM ACTING AS ESCROW AGENT MAY PLACE EARNEST MONEY DEPOSIT fN AN INTEREST BEARING TRUST ACCOUNT AND THAT ANY INTEREST EAR THEREON SHALL BE DISBURSED TO THE ESCROW AGENT MONTHLY iN CONSIDERATION OF THE EXPEP INCURRED BY MAINTAINING SUCH ACCOUNT AND RECORDS ASSOCIATED THEREWITH. (g) "Effective Date": The date that: (1) the last one of Buyer and Seller has signed or initialed this offer or the final counterofl any, and (2) such signing or initialing is communicated to the party making the offer or counteroffer, as the case may be. The p; acknowledge and agree that the initials lines at tite bottom of each page of this Contract are merely evidence of their it, reviewed the terms of each page, and that the complete execution of such initials lines shall not be a condition of the effectivene this Agreement. (h) "Due Diligence": Buyer's opportunity during the Due Diligence Period to investigate the Property and the transa contemplated by this Contract. including but not necessarily limited to the matters described in Paragraph 4 below, to decide wh Buyer, in Buyer's sole discretion. will proceed with or terminate the transaction. (i) "Due Diligence Fee": A negotiated amount, if any. paid by Buyer to Seller with this Contract for Buyer's right to conduct Diligence during the Due Diligence Period. it shall be the property of Seller upon the Effective Date and shall be a credit to Bu+ Closing. The Due Diligence Fee shall he non-refundahle except in the event of a material breach of this Contract by Seller, or c Contract is terminated under Paragraph 8(n) or Paragraph 12. or as otherwise provided in any addendum hereto. Buyer and c each expressly waive any right that they may have to deny the right to conduct Due Diligence or to assert any defense as ti enforceability of this Contract based on the absence or alleged insufficiency of any Due Diligence Fee. it being the intent c parties to create a legally binding contract for the purchase and sale of the Property without regard to the existence or amount o Due Diligence Fee. (j) "Due Diligence Period": The period beginning on the Effective Date and extending through 5:00 p.m. September 27, 2016 TIME BEING OF THE ESSE; with regard to said date. (k) "Settlement": The proper execution and delivery to the closing attorney of all documents necessary to complete the transa contemplated by this Contract, including the deed. settlement statement. deed of trust and other loan or conveyance documents the closing attorneys receipt of all funds necessary to complete such transaction. (1) "Settlement Date": The parties agree that Settlement will Inke nt:trn nn Within 3 W..t- «gr Ce, , ignature verikation: , (m) "Closing": The completion of the legal process which results in the transfer of title to the Property from Seller to Buyer, w' includes the following steps: (1) the Settlement (defined above); (2) the completion of a satisfactory title update to the PmF following the Settlement; (3) the closing attorney',, receipt of authorization to disburse all necessary funds: and (4) recordation it appropriate county registry of the deed(s) and deed(s) of trust. if any. which shall take place as soon as reasonably possible for closing attorney after Settlement. upon Closing. the proceeds of sale shall he disbursed by the closing attorney in accordance the settlement statement and the provisions of Chapter 45A of the North Carolina General Statutes. If the title update should re unexpected liens, encumbrances or other title defects, or if the closing attorney is not authorized to disburse all necessary funds. i the Closing shall be suspended and the Settlement deemed delayed under Paragraph 13 (Delay in Settlement/Closing). WARNING: The ;North Carolina State Bar has determined that the performance of most acts and services required for a clo: constitutes the practice of law and must he performed only by an attorney licensed to practice law in (North Carolina. State prohibits unlicensed individuals or firms from rendering legal services or advice. Although non -attorney settlement agents i perform limited services in connection with a closing, they may not perform all the acts and services required to complete a cloy A closing involves significant legal issues that should be handled by an attorney. Accordingly it is the position of the North Cara Bar Association and the North Carolina Association of REALTORS@ that all buyers should hire an attorney licensed in N Carolina to perform a closing. (n) "Special Assessments": A charge against the Property by a governmental authority in addition to ad valorem taxes recurring governmental service fees levied with such taxes, or by an owners' association in addition to any regular assessment (du either of which may he a lien against the Property. A Special Assessment may he either proposed or confirmed. "Proposed Special Assessment": A Special Assessment that is under formal consideration but which has not been approved p to Settlement. "Confrmed Special Assessment": A Special Assessment that has been approved prior to Settlement whether or not it is f payable at time of Settlement. :, FIXTURES AND EXCLUSIONS. a) Items Leased or Not Owned: Any item which is leased or not owned by Seller. such as fuel tanks, antennas. satellite di! and receivers, appliances, and alarm and security systems must be identified here and shalt not convey: n/a (propane tank )wned) b) Specified Items: Unless identified in subparagraph (d) below the following items. if any. are deemed fixtures and are inclu n the Purchase Price free of liens: range/stove/oven. any built-in appliances, light fixtures, ceiling fans, attached floor coverings. blit hades. drapery rods and curtain rods. brackets and all related hardware, window and door screens, storm windows. combination do wnings. antennas, satellite dishes and receivers. mounting brackets for televisions and for speakers and all related hardw urglar/fire/smoke/carbon monoxide alarms and security systems. pool, hot tub, spa and all related equipment, solar energy syste ttached fireplace screens, gas logs, fireplace inserts. electric garage door openers with controls, outdoor plants and trees (other that riovable containers). basketball goals, storage sheds, mailboxes, all bathroom wall mirrors and all attached wall and/or door mirrors. ankoo whether attached or buried and including any contents that have not been used. removed or resold to the fuel provider a settlement*, landscape and/or foundation lighting, invisible fencing including all related equipment. lawn irrigation systems and elated equipment, and water softener/conditioner and filter equipment. c) Other Fixtures/UnspeeiCed items: unless identified in subparagraph (d) below, any other item legally considered a fixtur, ocluded in the Purchase Price free of liens. d) Other items That Do Not Convey: The following items shall not convey (idenhA, shove irents to be exchided an ubparagraphs (b) and ir& n/a eller shall repair any damage caused by removal of any items excepted above. NOTE: Sellers use, removal or resale of fuel in any fuel tank is subject to Seller's obligation under Paragraph R(c) to provide work xisting utilities through the earlier of Closing or possession by Buyer. PERSONAL PROPERTY: The following personal property shall he transferred to Buyer at no value at Closing: appliances signature venf cation: (NOTE: Buyer is advised to consult with Buyers lender to assure that the Personal Property items listed above can he included in Contract.) 4. BUYER'S DUE DiLIGWNCE PROCESS: (a) Loan: During the Due Diligence Period, Buyer, at Buyers expense, shall he entitled to pursue qualification for and approvs the Loan if any. NOTE: Boyer is advised to consult with Buyer's lender prior to signing this offer to assure that the Due Diligence Period all sufficient time for the appraisal to he completed and for Buyer's lender to provide Buyer sufficient information to decide whethi proceed with or terminate the transaction since the Loan is not a condition of the Contract. (h) Property Investigation: During the Due Diligence Period. Buyer or Buyers agents or representatives, at Buyer's expense, s he entitled to conduct all desired tests. surveys, appraisals, investigations. examinations and inspections of the Property as 81 deems appropriate. including but NOT limited to the following: (i) Inspections: Inspections to determine the condition of- any improvements on the Property. the presence of unti drainage conditions or evidence of excessive moisture adversely affecting any improvements on the Property. the presenc asbestos or existing environmental contamination. evidence of wood -destroying insects or damage therefrom, and the preso and level of radon gas on the Property. (ii) Review of Documents: Review of the Declaration of Restrictive Covenants. Bylaws, Articles of Incorporation, Rules Regulations, and other governing documents of any applicable owners' association and/or subdivision. If the Property is sub to regulation by an owners' association, it is recommended that Buyer review the completed Residential Property and Owner Association Disclosure Statement provided by Seller prior to signing this offer_ It is also recommended that the Buyer detern if the owners' association or its management Lompany charges fees for providing information required by Buyer's lender or confirming restrictive covenant compliance. (iii) insurance: Investigation of the availability and cost of insurance for the Property. (iv) Appraisals: An appraisai of the Property. (v) Survey: A survey to determine whether the property is suitable for Buyer's intended use and the location of easemt setbacks, property boundaries and other issues which may or may not constitute title defects. vii Zoning and Governmental Regulation: investigation of current or proposed zoning or other governmental regula that may affect Buyers intended use of the Properly, adjacent land uses, planned or proposed road construction. and sc attendance zones. iviii Flood Hazard: Investigation of potential flood hazards on the Property, and/or any requirement to purchase f insurance in order to obtain the Loan, iviii)Utilities and Access: Availability. quality. and obligations f'or maintenance of utilities including water, sewer. elec gas. communication services, stormwater management. and means of access to the Property and amenities. (ix i Streets/Roads: Investigation of the status of the strcet/road upon which the Property fronts as well as any other street/. used to access the Property, including: (1) whether any street(s)lroad(s) are public or private. (2) whether any street(s)/road(s designated as public are accepted for maintenance by the State of NC or any municipality, or (3) if private or not accepted fo public maintenance. the consequences and responsibility for maintenance and the existence. terms and funding of any maintenance agreements. (x) Fuel Tank: inspections to determine the existence, type and ownership of any fuel tank located can the Property, (NOTE: Buyer is advised to consult with the owner of any leased fuel tank regarding the terms under which Buyer may i the tank and obtain fuel.) (c) Repair/Improvement Negotintions/Agreement: Buyer acknowledges and understands that unless the parties a otherwise. THE PROPERTY IS BEING SOLD IN ITS CURRENT CONDITION_ Buyer and Seller acknowledge and undersi that they may, but are not required to. engage in negotiations for repairvimprovements to the Property. Buyer is advised to n any repair/improvement requests in sufficient time to allow repair/improvement negotiations to be concluded prior to the expira of the Due Diligence Period. Any agreement that the parties may reach with respect to repairsrmprovements shall be considere obligation of the parties and is an addition to this Contract and as such, must he in writing and signed by the parties in accord, with Paragraph 20. (NOTE: See Paragraph 8(c), Access to Pmperty/W%alk-Through Inspection, and Paragraph 8(m), Negotiated Repairs/improvemei p signature verification: , (e) Indemnity: Buyer will indemnify and hold Seller harmless from all loss. damage. claims. suits or costs. which shall arise ,any contract. agreement. or injury to any person or property as a result of any activities of Buyer and Buyer's agents and cone relating to the Property except for any loss, damage. claim. suit or cost arising out of pre-existing conditions of the Property out of Sellers negligence or willful acts or omissions. This indemnity shall survive this Contract and any termination hereof. it) Buyer's Right to Terminate: Buyer shall have the right to terminate this Contract for any reason or no reason. by deliver Seller written notice of termination (the "Termination Notice—) during the Due Diligence Period for any agreed -upon v extension of the Due Diligence Period). TIME BEING OF THE ESSENCE. If Buyer timely deliver: the Termination Notic Contract shall be terminated and the Earnest Money Deposit shall be refunded to Buyer. WARNING- If Buyer is not satisfied with the results or progress of Buyer's Due Diligence. Buyer should terminate this Co prior to the expiration of the Due Diligence Period, unless Buyer can obtain a written extension from Seller. SELLER IS OBLIGATED TO GRANT AN EXTENSION. Although Buyer may continue to investigate the Property following the expiral the Due Diligence Period. Buyer's failure to deliver a Termination Notice to Seller prior to the expiration of the Due Dili Period shall constitute a waiver by Buyer or any right to terminate this Contract based on any matter relating to Buyer' Diligence, Provided however, following the Due Diligence Period. Buyer may still exercise a right to terminate if Seller f. materially comply with any of Seller's obligations under Paragraph 9 of this Contract or for any other reason permitted and terms of this Contract or North Carolina law, (g) CLOSING SHALL CONSTITUTE ACCEPTANCE OF THE PROPERTY IN ITS THEN EXISTING CONDI UNLESS PROVISION IS OTHERWISE MADE IN WRITING. 5. BUYER REPRESENTATIONS: tat Loan: Buyer M does ❑ does not have to obtain a new loan in order to purchase the Property, If Buyer is obtaining loan. Buyer intends to oh(am a loan as follow.,: ❑ FHA ❑ VA (attach FHANA Financing Addendum) M Conver ❑ Other: loan at a M Fixed Rate ❑ Adjustable Rate in the principal imount of 80% of 9 plus any financed VA Funding Fee or FHA MIP for a term of — 30 year(s). at an initial interest rate not to c 4.750 % per annum (the "Loan"t, NOTE: Buyer's obligations under this Contract are not conditioned upon obtaining or closing any loan. If Buyer represeril Buyer does not have t6 obtain a new loan in order to purchase the Pr(,,tp.ert.v. Seller is advised. prior to signing this offer, to documentation from Buver which demonstrates that Buyer will he able to close on the Property without the necessity of ohlai new loan, (b) Other Property: Buyer ❑ does M does not have to gell or lease other real property in order to qualify for a new loar complete purchase. (NOTE: This Contract is not conditioned upon the sale of Buyer's property unless a contingent sale addendum such as Su Form 1A2-T is made a part of this Contract.) (c) Performance of Buyer's Financial Obligations: To the best of Buyer's knowledge. there are no other circumstaril conditions existing as of the date of this offer that would prohibit Buyer from performing Buyer's financial obligations in accoi with this Contract. except as may be specifically get forth herein. (d) Residential Property and Owners' Association Property Disclosure Statement (cherk ont one): Buyer has received a signed copy of the N.C. Residential Property and Owners' Association Disclosure Statement prior signing of this offer. Buyer has NOT received asigned copy of the N.C. Residential Pn)peri\;, and Owners' Association Disclosure Statement p the signing of this offer and shall have the right it) terminate or withdraw this Contract without penalty (including a refs any Due Diligence Fee) prior to WHICHEVER OF THE FOLLOWING EVENTS OCCURS FIRST: (1) the end of th( calendar day following receipt of the Disclosure Statement, (2) the end of the third calendar day following the Effective D (3) Settlement or occupancy by Buyer in the case of a sale or exchange. Exempt from N.C. Residential Property and Owners' Association Disclosure Statement because (SEE GUIDELINES): ignature venkation: (e) Mineral and Oil and Gas Rights Mandatory Disclosure Statement (check only one): 90 Buyer has received a signed copy of the N.C. Mineral and Oil and Gas Rights Mandatory Disclosure Statement prior to signing of this offer. ❑ Buyer has NOT received a signed copy of the N.C. Mineral and Oil and Gas Rights Mandatory Disclosure Statement prior is signing of this offer and shall have the right to terminate or withdraw this Contract without penalty (including a refund of Due Diligence Fee) prior to WHICHEVER OF THE: FQLLOWiNG EVENTS OCCURS FIRST: (1) the end of the third cater day following receipt of the Disclosure Statement. (2) the end of the third calendar day following the Effective fate. or Settlement or occupancy by Buyer in the case of a sale or exchange. ❑ Exempt from N.C. Mineral and Oil and Gas Rights Mandatory Disclosure Statement because (SEE GUIDELINES): Buyer's receipt of a Mineral and Oil and Gas Rights Mandatory Disclosure Statement does not modify or limit the obligation Seller under Paragraph S(g) of this Contract and shall not constitute the assumption or approval by Buyer of any severano mineral and/or oil and gas rights. except as may he assumed or pecifically approved by Buyer in writing. I NOTE: The parties are advised to consult with a NC attorney prior to signing this Contract if severance of mineral and/or oil gas rights has Occurred or is intended.) BUYER OBLIGATIONS: (a) Responsibility for Proposed Special Assessments: Buyer shall take title subject to all Proposed Special Assessments. (bi Responsibility for Certain Costs: Buyer shall he, responsible for all costs with respect to: (i) anv loan obtained by Buyer, including charges by an owners. association and/or management company as agent of an own association for providing information required by Buyer's lender: (ii) charges required by an owners' association declaration to he paid by Buyer for Buyer's future use and enjoyment of Property. including, without limitation. working capital contributions. membership fees, Or charges for Buyer's use of common elements and/orservices provided to Buyer, such as -move -in fees': (iii ) determining restrictive covenant compliance; dv) appraisal. (v) title search, (vitutle insurance, (vii) recording the deed. and (viii) preparation and recording of all instruments required to secure the balance of the Purchase Price unpaid at Settlement. to Authorization to Disclose Information: Buyer authorizes the Buyer's lender(s). the parties' real estate agent(si and clo :attorney: (1) to provide this Contract to any appraiser employed by Buyer or by Buyer's lenders): and 2) to release and disclose buyer's closing disclosure, settlement statement and/or disbursement summary, or any information therein, to the parties to transaction, their real estate agent(si and Buyer's lender(s). SELLER REPRESENTATIONS: (a) Ownership: Seller represents that Seller: CO has owned the Property for at least one year. ❑ has owned the Property for less than one year. ❑ does not yet own the Property. (h) bead -Based Paint (check if applicable): The Property is residential and was built prior to 1978 (Attach I-ead-Rased Paint or Lead -Based Paint Ilarards Disclo. Addendum ( Standard Form 2A9-T} ). (c) Awssments: To the belt of Seller's knowledge there are no Proposed Special Assessments except as follows (Insen "None the identification of such assessments. if any): none, if any, Seller's expense _ Seller warrants that there are no Confirmed Special Assessments except as follows (Insert "None' or the identification of assessments, if any): none, if any, Seller' a expense (d) Owners' Associationtsl and Dues: Seller authorizes and directs any owners' asm. iation, any management company of a signature verd;cat,on: • 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 ❑ (,,specify name of asstx iation): _._ n/a whose ri assessments ("dues') are _._ per The name. address and telephone number of the pre. of the owners' association or the association manager is: _ Owners' association website address, if any: ❑ (specify name of association): n/a whose n assessments ("dues") are S per . The name. address and telephone number of the pre: of the owners' association or the association manager is; .. Owners' association website address, if any: S. SELLER OBLIGATIONS: -- (a) Evidence of Title and Payoff Statement(s): Seller agrees to use best efforts to deliver to Buyer as soon as reasonably po: after the Effective [late. copier of all title information in possession of or available to Seller. including but not limited to'. insurance policies. attorney's opinions on title. surveys. covenants. deeds. notes and deeds of trust. leases, and easements rclati The Property. Seller shall provide to the closing attorney all information needed to obtain a written payoff statement fron lender(s) regarding any security interest in the Property as soon a<s reasonably possible after the Effective Date. and Seller desig the closing attorney as Seller's agent with express authority to request and obtain on Seller's behalf' payoff statements a short -pay statements from any such lender(s), (bi Authorization to Disclose Information: Seller authorizes: (1) any attorney presently or previously representing Sell release and disclose any title insurance policy in such attorney's file to Buyer and both Buyer's and Sellers agents and attorney the Property's title insurer or its agent to release and disclose all materials in the Pmperly's title insurers (or title insurer's agent'! to Buyer and both Buyer's and Sellers agents and attorneys and (i) the closing attorney to release and disclose anv seller's ch disclosure. settlement statement and/or disbursement summary, or any information therein, to the parties to this transaction. thei estate agents) and Buyer's lender(s), (c) Access to Property/Walk-Through inspection: Seller shall provide reasonable .access to the Property (including wor existing utilities) thmugh the earlier of Closing or possession by Buyer, including. but not limited to. allowing Buyer an opport to conduct a final walk-through inspection of the Property. (d) Removal of Seller's Property: Seller shall remove, by the date possession is made available to Buyer. all personal pro] which is not a part of the purchase and all garbage and debris from the Property. (et Affidavit and indemnification Agreement: Seller shall furnish at Settlement an affidavit(s) and indemnification agreeme in form satisfactory to Buyer and Buyer's title insurer. if any. executed by Seller and any person or entity who has performs furnished labor. services. materials or rental equipment to the Property within 120 days prior to the date of Settlement and who be entitled to claim a lien against the Property as described in N_C.G.S. §44A-8 verifying that each such person or entity has paid in full and agreeing to indemnify Buyer. Buyer's lenderts) and Rover's title insurer against all loin from any cause or c arising therefrom. (fl Designation of Lien Agent, Payment and Satisfaction of Liens: If required by N,C.G.S §44A-11.1. Seiler shall designated a Lien Agent. and Seller shall deliver to Buver as soon as reasonahty ruw6h1& _% ­'! .,f tk- ....:.... _ . _o t :__ . p signature verifications (g) Good Title, Legal access: Seller shalt execute and deliver a GENERAL WARRANTY DEED for the Property in recoi form no later than Settlement, which shall convey fee simple marketable and insurable title, without exception for mechanics' and free of any other liens. encumbrances or defects. including those which would he revealed by a current and accurate sur the Property, except: ad valorem taxes for the current year (prorated through the date of Settlement). utility easements and unvi, covenants, conditions or restrictions that do not materially affect the value of the Property. and such other liens. encumbran defects as may be assumed or specifically approved by Buyer in writing. The Property must have legal access to a public ri way. (NOTE: Buyer's failure to terminate this Contract prior to the expiration of the Due Diligence Period as a result of any encumt or defect that is or would have been revealed by a title examination of the Property or a current and accurate survey shall not r Setter of any obligation under this subparagraph.) (VOTE: if any sale of the Property may be a "short kale." consideration should be given to attaching a Short Sale Adde (Standard Form "_'A 14-T) as an addendum to this Contract.) (h) Deed, Taxes and )Fees: Seller shall pay for preparation of a deed and all other documents necessary to perform S obligations under this Contract. and for state and county excise taxes. and any deferred. discounted or rollback taxes. and conveyance fees required by law. The deed is to be made to: buyer as directed (i) Agreement to Pay Buyer Expenses: Seller shall pay at Settlement $ n/a toward any of Buyer's exp associated with the purchase of the Property. including any FHA/VA tender and inspection costs that Buyer is not permitted t( less any portion disapproved by Buyer's lender. (VOTE: Examples of Buyer's expenses associated with the purchase of the Property include. but are not limited to. discount p loan otigination fees. appraisal fees, attorney's fees. inspection fees, and "pre-paids" (taxes. insurance, ownersassociation 0) Owners' Association Fees/Charges: Seller shall pay: (i) any fees required for confirming Seller's account payment inform on owners' association dues or assessments for payment or proration: 60 any refs imposedby an owners' association an( management company as agent of the owners' association in connection with the transaction contemplated by this Contract than those fees required to be paid by Buyer under paragraph b(hi above: and iiii) fees incurred by Seller in completin, Residential Property and Owners* Association Disclosure Statement, and resale or other certificates related to a proposed sale < Property, (k) Payment of Confirmed Special Assessments: Seller shall Day all Confirmed Special Assessments. if any, provided thi amount thereof can be reasonably determined or estimated. (1) Late Listing Penalties: All property tax tale listing penalties, if any, shall be paid by Seller. (m) Negotiated Repairs/Improvements: Negotiated repairshmprovements shall he made in it good and workmanlike marine Buyer shall have the right to verify same prior to Settlement. (n) Seller's Failure to Comply or Breach: If Seller fails to inaterialty comply with any of Seller's obligations under this Paral 8 or Seller materially breaches this Contract. and Buyer elects to terminate this Contract as a result of such failure or breach, the Earnest Money Deposit and the Due Diligence Fee shall be refunded to Buyer and Seller shall reimburse to Buyer the reasot costs actually incurred by Buyer in connection with Buyer's Due Diligence without affecting anv other remedies. if proceedings are brought by Buyer against Seller to recover the Earnest Money Deposit. the Due Diligence Fee and/or the reasoi costs actually incurred by Buyer in connection with Buyers Due Diligence, the prevailing party in the proceeding shall be entitl recover from the non -prevailing party reasonable attorney fees and court costs incurred in connection with the proceeding. Q. PRORATIONS AND ADJUSTMENTS: Unless otherwise provided. the following items shall he prorated through the da Settlement and either adjusted between the parties or paid at Settlement: (a) Taxes on Real Property: Ad valorem taxes and recurring governmental service fees levied with such taxes on real prof shall be prorated on a calendar year basis'. (b) Taxes on Pemanal Prnnorty• aa ignature venkation: 10. HOME WARRANTY: Select one of the following: ❑ No home warranty is to he provided by Seller. j Buyer may obtain a one -near home warranty at a cost not to exceed S 600.00 and Seller agrees to pay for Settlement. ❑ Seller has obtained and will provide a one-year home warranty from at a cost of 5 and will pay for it at Settlement. NOTE: Home warranties typically have limitations on and conditions to roverage Refer cpeciCic gtvections to the hotne varr: ompany. ) 1. CONDITION OF PROPERTY AT CLOSING: Buyer's obligation to complete the transaction contemplated by this Cent hall be contingent upon the Property being in substantially the same or better condition at Closing as on the date of this offer. reason, year and tear excepted. 2. RISK OF LOSS: The risk of loss or damage by fire or other casualty poor to Closing shall he upon Seller. If the improvement! he Property are destroyed or materially damaged prior to Closing, Buyer may terminate this Contract by written notice deliverei teller or Sellers agent and the Tamest Money Deposit and any Due Diligence Fee shall be refunded to Buyer. In the event Buyer d ZOT elect to terminate this Contract. Buyer shall he entitled to receive, in addition to the Property, any of Seller's insurance prose �ayablc on account of the damage or destruction applicable to the Property heing purchased. Seller is advised not to cancel exis nsuranec on the Property until after confirming recordation or the deed. 3. DELAY iN SETTLEMENT/CLOSING: Absent agreement to the contrary in this Contract or any subsequent modifica hereto, if a party is unable to complete Settlement by the Settlement Date but intends to complete the transaction and is acting in gi with and with reasonable diligence to proceed to Settlement ("Delaying Party"). and if the other party is ready. willing and able omplete Settlement on the Settlement Date ("Non-Delaving Party") then the Delaying Party shall give as much notice as possible to Qom -Delaying Party and closing attorney and shall be entitled to a delay in Settlement. If the parties fail to complete Settlement 'losing within fourteen (14) days of the Settlement Date (including anv amended Settlement Date agreed to in writing by the parties otherwise extend the Settlement Date by written agreement, then the Dclaving Party shall he in breach and the Non -Delaying P nay terminate this Contract and shali be entitled to enforce any remedies available to such party under this Contract for the breach. 4. POSSESSION: Possession, including all means of access to the Property (keys. codes including security codes. garage d peners. electronic devices. etc.). shall he delivered upon Closing as defined in Paragraph 1(m) unless otherwise provided below: Q A Buyer Possession Before Closing Agreement is attached (Standard Form 2A 7-T) ❑ A Seller Possession Arter Closing Agreement is attached (Standard Form 2A8-T) ❑ Possession is subject to rights of tenantis) (NOTE: Consider attaching Additional Provisions Addendum (Form 2A-I I-T vacation Rental Addendum (Form 2A13-Tn S. ADDENDA: CHECK ALL STANDARD ADDENDA THAT MAY BE A PART OF THIS CONTRACi'. 1F ANY, A rTTACH HERETO. ITEMIZE ALL OTHER ADDENDA TO THIS CONTRACT, IF ANY. AND ATTACH HERETO. �] Additional Provisions Addendum (Form 2AI 1-T) ❑ Loan Assumption Addendum (Form 2A6-T) ] Additional Signatures Addendum (Form 3-T) ❑ New Construction Addendum (Form 2A3-T) ] Back -Up Contract Addendum (Form 2A1-T") ❑ Seller Financing Addendum (Form ?AS-T) ] Contingent Sale Addendum (Form 2A2-T) ❑ Short Sale Addendum (Form 2A 14-T) ] FHANA Financing Addendum (Form 2A4-T) ❑ Vacation Rental Addendum iForrt 2A13-T) ] Lead -Based Paint Or Lead -Based Paint Hazard Addendum (Forst 2A9-T) ] Identify other attorney or party drafted addendaauy_!r._holds a Nc Real 8atate Iicanss TOTE: UNDER NORTH CAROLINA LAW. REAL ESTATE BROKERS ARE NOT PERMITTED TO DRAFT ADDENDA TO Ti 'ONTR ACT. 6. ASSiGNMENTS: This Contract may not he assigned without the written consent of all parties except in connection with a i eferred exchange. but if assigned by agreement, then this Contract shall he binding on the assignee and assignee's heirs and successor iop signature verification: - IT TAX -DEFERRED EXCHANGE: In the event Buyer or Seller desires to effect a tax -deferred exchange in connection t conveyance of the Property. Buyer and Seller agree to cooperUe in effecting such exchange, provided. however, that the excl party shalt he responsible for all additional costs associated with such exchange, and provided further, that a non -exchanging pat not assume any additional liability with respect to such tax-ceferred exchange. Buyer and Seller shall execute such additional dtoc including assignment of this Contract in connection therewith, at no cost to the non -exchanging party, as shall he required to giv to this provision. 18. PARTIES: This Contract shall he binding upon and shall inure to the benefit of Buyer and Seller and their respectiv successors and assigns .As fused herein, words in the singular include the plural and the masculine includes the feminine and genders. as appropriate. 19. SURVIVAL,: if any provision herein contained which by its nature and effect is required to be observed, kept or perform the Closing. it shall survive the Closing and remain binding upon and for the benefit of the parties hereto until fully observed. performed.. 20. ENTIRE AGREEMENT: This Contract contains the entire agreement of the parties and there are no represen inducements or other provisions other than those expressed herein. All changes. additions or deletions hereto must he in writi signed by all parties. Nothing contained herein shall alter any agreement between a RI ALTOR0? or broker and Seller or BC contained in any listing agreement, buyer agency agreement, or any other agency agreement between them. 21. CONDUCT OF TRANSACTION: The parties agree that any action between them relating to the transaction contempt: this Contract may he conducted by electronic means, including the signing of this Contract by one or more of them and any nc communication given in connection with this Contract. Any written notice or communication may he transmitted to any mailing a e-mail address or fax number set forth in the "Notice Information" section below. Any notice or communication to he given to herein, and any fee, deposit or other payment to be delivered to a party herein, may he given to the party or to such party's agent. and Buyer agree that the "Notice Information" and "Acknowledgment of Receipt of Monies" sections below shall not cons/ material part of this Contract, and that the addition or modification of any information therein shall not constitute a rejection of a or the creation of a counteroffer. 22, EXECUTION: This Contract may he signed in multiple originals or counterparts, all of which together constitute one a same instrument. 23. COMPUTATION OF DAYS/TIME OF DAY: Unless otherwise provided. l'or purposes of this Contract. the term "days mean consecutive calendar days. including Saturdays, Sundays. and holidays, whether federal, state, local or religious. For the pt of calculating days. the shunt of "days" shall begin on the day following the day upon which any act or notice as provided Contract was required to he performed or made. Any reference to a date or time of day shall refer to the date and/or time of day State of North Carolina, ITHIS SPACE iNTENTIONALL.Y LEFT BLANK) i0p signature verification: THE NORTH CAROLINA ASSOCIATION OF REALTORS(F). INC. ANDTHF NORTH CAROLINA BAR ASSOCIATION NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM D SPECIFIC TRANSACTION. IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE FOR LEGAL.. NEEDS. YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOt! SIGN IT, This Offer shall become a binding contract on the Effective Date. Unless specifically provided otherwise. Buyer's failure to timely any fee. deposit or other payment provided for herein shall not prevent this ofl'cr'fmm becoming a binding contract. provided t such failure shall give Seller I certain rights to terminate the contract as described herein or as othem+,e permitted by law. FM Sellers have a NC Real Estate license 7 05AM EF>* 04AM Ot Date: I 1 Buyer 41 Grego (Gore Date: Buyer Entity Buyer: (Name ofLLC/Corp0ra tion/Paiiner—%hip/Tni—,;t/et..c,)-- By- Name Title: Date: Date: d`oop 08=6Z Seller LOW-GFOE� Ronald G. Watts Date dolkmp �kd 08/z9ti67-.0-1wF0"r Seller —KB,H0FX-Fj9?;N1t — j�dlrienriek-. —Watts' Entity Seller: (Name of LI-C/Corporati(.infPartner.-,hip/Tnistic(c.) By� Name: Title: Date: (THIS SPACE INTENTIONALLY LEFT BLANK) gnatae verification: NOTICE INFORMATION NOTE: INSERT THE ADDRESS AND/OR ELECTRONIC DELIVERY ADDRESS EACH PARTY AND AGENT APPROVES THE RECEIPT OF ANY NOTICE CONTEMPI.,ATED BY THIS CONTRACT. INSERT "N/A" FOR ANY WHICH ARE APPROVED, BUYER NO"rlCE ADDRESS: SELLER NOTICE ADDRESS: Mailing Address: gee --buyer ' s egent, Mailing Address: Buyer Fax# Buyer E-mail: WILLING AGENT NOTICE ADDRESS: '-irrn Name: Century 21 Sunset Realty Ncting as(@ Buyer's AgentD Seller's (sub)Ai, ge"t(:)Du. al Agent -irm Licew;e #: vlailing Address: 502 N. Sunset Blyd. _4unse..t Beach, LC-2 8 4 6 9 ndividual Selling Agent: Debbie Kinlaw Acting is a designated Dual Agent (check only inapplicable) telling Agent License #:216863 elling Agent Phone#: (910) 579-1000 elling Agent Fax#: (910) 579-8663 elling Agent E-mail: DRinlawftunsetRealty. con Seller Fax#: Seller E-mail: LISTING AGENT NOTICE ADDRESS: Coldwell Banker Sea Coast Finn Name: Advantage - Sha1 (acting as ® Seller's Agent Z) Dual Agent Firm License #: 4 Mailing Address: 5926 Beach Dr.iv s ._9w� Sha,_jgtte.� I 28470 Individual Listing Agent: Frances Starner Q Acting as a Designated Dual Agent (check only if applical Listing Agent License #:182490 Listing Agent Phone#: (910) 754-6782 Listing Agent Fax#: (910) 754-5139 FrancesWarnerRealtorfgmail, Listing Agent E-mail, oin [THIS SPACE INTENTIONALLY LEFT BLANK] l signature verificatton: ACKNOWLEDGMENT OF RECEIPT OF MONIES Seller: Ronald G. Watts, Adrienne K. Watts {"St Buyer: Gregory S . Gore ---_ (" Bi Property Address: 421 Shoreline Drive w. , Sunset Beach, 28468 ---•- - - -- ("Prop 0 LISTING AGENT ACKNOWLEDGMENT OF RECEIPT OF DUE DILIGENCE FEE - - - - - - - - - - - - - - - - - - - - - - - Paragraph I (d) of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the pavm, Seller of it Due Diligence Fee in the amount of S receipt of which Listing Agent hereby acknowledges. Date Firm: Coldwell Hanker Sea Coast Advantage-S By (Signature') �....__...._..... Frances Warner ........................ (Print name) 0 SELLER ACKNOWLEDGMENT OF RECEIPT OF DUE DILIGENCE FEE ------------------------------- Paragraph 1(d) of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the pavme Seller of'a Due Diligence Fee in the amount of $ _.— . receipt of which Seller hereby acknowledges. Date - Seller: (Signature) Ronald G. Watts Date _.. Seller: (Signature) -- Adrienne K. Watts :1 ESCROW AGENT ACKNOWLEDGMENT OF RECEIPT OF INITIAL EARNEST MONEY DEPOSIT-- - - - . - Paragraph i (d) of the Offer to Purchase and Contract between Buyer and Seller for the safe of the Property provides for the payme. Escrow Agent of an Initial Earnest Money Deposit in the amount of Escrow Agent as identified in Parag 10 of the Offer to Purchase and Contract hereby acknowledges receipt of the initial Earnest Money Deposit and agrees to hold .iishursc the same in accordance with the terms of the Offer to Purchase and Contract. Date firm: Hewett Law Firm By: (Signature) Mack Hewett (Print name) ------•----•--- ESCROW AGENT ACKNOWLEDGMENT OF RECEIPT OF (ADDITIONAL) EARNEST MONEY DEPOSIT ..... 'aragraph i(d) of the Offer to Purchase and Contract between Buyer and Seller for the sale of the Property provides for the paymer ."crow Agent of an (Additional) Farnest Money Deposit in the amount of 5 Escrow Agent as identifit 'aragraph I (f) of the Offer to Purchase and Contract hereby acknowledges receipt of the (Additional) Earnest Money Deposit and ag o hold and disburse the same in accordance with the terms of the Offer to Purchase and Contract. )ate Firm.—.. Hewett Law Firm signature verification: ADDITIONAL, PROVISIONS ADDENDUM Property 421 Shoreline Drive w. , Sunset Beach, 28468 Seller: Ronald G. watts, Adrienne K. watts Buyer:Gregory S. Gore This Addendum is attached to and made a pan of the Offer to Purchase and Contract ("Contract") between Seller and Buyer fi Property. NOTE: All of the following provisions which are marked with an "X" shall apply to the attached Offer to Purchase and Contra Offer to Purchase and Contract - Vacant Lot/Land ("Contract")- Those provisions marked "N/A" shall not apply, 1 EXPIRATION OF OFFER: This offer shall expire unless unconditional acceptance is delivered to Buyer on or h ❑ AM ❑ PM, on TIME BEING OF THE ESSENCE. or withdrawn by Buyer, whichever occurs first. 2. (To be used with Offer to Purchase and Contract Form 2-T only) SEPTIC SYSTEM iNSTALLAT. MODIFICATION: As a part of the Buyer's Due Diligence. Buyer intends to obtain an improvement Permit or wi evaluation from the County Health Department ("County") for a (check only ONE) ❑ conventional or ❑ ground absorption sewage system for a bedroom h Except for the costs for clearing. the Property, all costs and expenses of obtaining such Permit or written evaluation he home by Buyer unless otherwise agreed. Seller -hall he responsible for clearing that portion of the Property req by the County it) perform its tests and/or inspections by no later than _ CNOTE: Ins date that will allow testing to he completed prior to the end of the Due Diligence Period) 3. RENTA IANCOME/INVESTM ENT PROPERTY: The Property shall be conveyed subject to existing leases at rights of tenants. Seller shall deliver to Buyer on or before true and complete copies of all existing leases. rental agreements, outstanding tenant notices, written statements oral tenant agreements, statement of ,all tenant's deposits. uncured defaults by Seller or tenants, and claims made by tenants, if any INOTE: Insert a riche that will allow review to he completed prior to the end of the Due Diligence Per Any security deposit held in connection with any lease(s) shall he transferred to Buyer at Settlement and otherwi accordance with North Carolina Tenant Security Deposit Act (N.C.G.S. § 42-54). Seller O will ❑ will not transfer to Buyer any pet fee/deposit at Settlement. ..v, c,: uRr 14 t USt t KEN PROVISION FOR PROPERTY SUBJECT TO THE NORTH CAROLINA VACAT RENTAL ACT, A VACATION RENTAL ADDENDUM SHOULD BE USED iN SUCH CASES. t• X AGREED -UPON REPAIRS AND/OR IMPROVEMENTS: Seller agrees, prior to Settlement Date and at Sel expense. to complete the following items: Seller to obtain & provide Buyer with permits to allow a pier (maximum length allowable)floating dock, and boat lift (minimum 20,0001b). Buyer must be provided with said permit applications prior to due diligencepeziad for review vurposes & acceptances If CAXA permit & �— zim —pt denied, Buyer shall have the right to terminate & receive earnest 05A4t [DE QMMEQT one deposit is full, at anytime, until date of closing. Buyer shall have the right to verify. prior to Settlement, that the above items have been completed in a good workmanlike manner, iiilNrtl7A!'TtTD�n ra�non r: ■��aa.r- -... .. _. signature verification; IN THE EVENT OF A CONFLICT BETWEEN THIS ADDENDUM AND THE CONTRACT. THIS ADDENDUM Sl CONTROL. EXCEPT THAT IN THE CASE OF SUCH A CONFLICT AS TO THE DESCRIPTION OF: THE PROPERTY OR IDENTITY OF THE BUYER OR SELLER. THE CONTRACT SHALL CONTROL. THE NORTH CAROLINA ASSOCIATION OF REALTORSO. INC. AND THE NORTH CAROLINA BAR ASSOCIATION NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN SPECIFIC TRANSACTION. IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE YOUR LEGAL NEEDS. YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN Date: -;4--; -4� Buyer:A, 6�,�,X, Gre 771/1S. Gore Date: Buyer; Entity Buyer*. (Name of LLC/Corporation/Pirtner-iiipTrust/etc,) Name: Title: Date: Date :Belle011G-607V-"ZZ :konald -(;Watts Date:, :OSAM EDT Seller Adrienne K. Watts Entity Seller: (Name of 1..LC/CorporationfPartnenhipfTnist/ete. By: . ........ Name: Title: Date: