NC0084832_Owner Name Change_20040603

Michael F. Easley, Governor
State of North Carolina
William G. Ross, Jr., Secretary
Department of Environment and Natural Resources
Alan W. Klimek, P.E., Director
Division of Water Quality
June 3, 2004
Mr. Zdenko Peros
Nikola's Restaurant & High Meadows Inn, LLC
PO Box 222
Roaring Gap, North Carolina 28668
Subject: NPDES Permit Modification - Name/Ownership Change
Permit NCO084832
Nikola's Restaurant & High Meadows Inn WWTP
Formerly (James S. Massey)
Alleghany County
Dear Mr. Peros:
In accordance with your request received February 3, 2004, the Division is forwarding the
subject permit modification. This modification documents the change in name/ownership at the
subject facility. All other terms and conditions in the original permit remain unchanged and in full
effect. This permit modification is issued under the requirements of North Carolina General Statute
143-215.1 and the Memorandum of Agreement between North Carolina and the U. S. Environmental
Protection Agency dated December 6, 1983.
If any parts, measurement frequencies or sampling requirements contained in this permit
modification are unacceptable to you, you have the right to an adjudicatory hearing upon written
request within thirty (30) days following receipt of this letter. This request must be a written petition
conforming to Chapter 150B of the North Carolina General Statutes, filed with the Office of
Administrative Hearings, Post Office Drawer 27447, Raleigh, North Carolina 27611-7447. Unless such
demand is made, this decision shall be final and binding.
This permit does not affect the legal requirement to obtain other permits which may be required
by the Division of Water Quality, the Division of Land Resources, Coastal Area Management Act, or any
other Federal or Local gov=Va�leryStephe
that may be required. If you have any questions concerning
this permit, please con tpcs at the telephone number or address listed below.
Sincerely,
,(' n /J
n.-/Aran W. HIimek, P.E.
cc: Central Files
Winston-Salem Regional Office, Water Quality Section
NPDES Unit 0
North Carolina Division of Water Quality [phone]
1617 Mail Service Center FAX [phone]
Raleigh, North Carolina 27699-1617 On the Internet at http://h2o.enr.state.nc.us/

Permit Number NCO084832
STATE OF NORTH CAROLINA
DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES
DIVISION OF WATER QUALITY
PERMIT
TO DISCHARGE WASTEWATER UNDER THE
NATIONAL POLLUTANT DISCIARGE ELINIINATION SYSTEM
In compliance with the provision of North Carolina General Statute 143-215.1, other lawful
standards and regulations promulgated and adopted by the North Carolina Environmental
Management Commission, and the Federal Water Pollution Control Act, as amended,
Nikola's Restaurant & High Meadows Inn, LLC
is hereby authorized to discharge wastewater from a facility located at the
Nikola's Restaurant & High Meadows Inn WWTP
NC Highway 21
Roaring Gap
Alleghany County
to receiving waters designated as Laurel Branch in the New River Basin
in accordance with effluent limitations, monitoring requirements, and other
conditions set forth in Parts I, II, III and IV hereof.
This permit shall become effective ne 3, 2004.
This permit and authorization to discharge shall expire at midnight n March 31, 2006.
Signed this day 004.
flan W. Klimek, P.E., Director
Division of Water Quality
By Authority of the Environmental Management Commission

Permit Number NCO084832
SUPPLEMENT TO PERMIT COVER SHEET
Nikola's Restaurant & High Meadows Inn, LLC, is hereby authorized to:
1. Continue to operate an existing 0.025 MGD extended aeration wastewater
treatment system with the following components:
♦ Aeration basin with diffused air
♦ Secondary clarifier with sludge air lifts and in -plant pumps
♦ Chlorination
♦ Dechlorination
The facility is located in Roaring Gap at Nikola's Restaurant & High Meadows Inn
WWTP on Highway 21 in Alleghany County.
2. Discharge from said treatment works at the location specified on the attached map
into Laurel Branch, classified C-Trout waters in the New River Basin.

Facility Information
Facility
Latitude:
36°24'28" Sub -Basin: 05-07-03
Location
LoneBude:
W59'40"
Quad Name:
Roaring Gap
- ..
Stream Class:
Receivirw Strram:
C-Trout
Laurel Branch
North
No/
Nikola's �+�+=.a"� & &4832Bgh dmvs lnnLl.0
NC0084832
(i
Allegheny C—ty

A. (1.) EFFLUENT LBUTATIONS AND MONITORING REQUIREMENTS - FINAL
During the period beginning on the effective date of this permit and lasting until expiration,
the Permittee is authorized to discharge from outfall 001. Such discharges shall be limited
and monitored by the Permittee as specified below:
EFFLUENT
LimitS
Monitoring Requirements
CHARACTERISTICS
Monthly
Weekly
Daily
Measurement
Sample Type
Sample Location'
Average
Average
Maximum
Frequency
Flow
0.025 MG0
Weekly
Instantaneous
Influent or Effluent
BOD, 5-day (20°C)
30.0 mg/L
45.0 mg/L
2/Month
Grab
Effluent
Total Suspended Residue
30.0 mg/L
45.0 mg/L
2/Month
Grab
Effluent
NH3 as N
(April 1 - October 31
11.0 mg/L
�Cd.0
2/Month
Grab
Effluent
NH3 as N
2/Mon1h
Grab
Effluent
November 1- March 31
Dissolved Oxygen
Weekly
Grab
Effluent,
Upstream &
Downstream
Feral Coliform (geometric mean)
200/100 ml
400/100 ml
2/1VIonth
Grab
Effluent,
Upstream &
Downstream
Total Residual Chlorine
28 µg/L
2/Week
Grab
Effluent
Temperature (°C)
Weekly
Grab
Effluent,
Upstream &
Downstream
Oil and Grease
30.0 mg&
60.0 mg/L
2/Month
Grab
Effluent
pH2
Weekly
Grab
Effluent
Footnotes:
1. Upstream = at NC Highway 21 bridge
Downstream = at Mountain View Road bridge
2. The pH shall not be less than 6.0 standard units nor greater than 9.0 standard units.
There shall be no discharge of floating solids or visible foam in other than trace amounts

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F E B 3 2004
I. CURRENT PERMIT INFORMATION:
Permit Number: N/C/ 0 / 0 / 8 /4/ 8 /, -/-2—/ or
Michael F. Easley
Governor
William G. Ross Jr., Secretary
North Carolina Department of Environment and Natural Resources
Certificate of Coverage Number: N/GG/_/_/_/ /_/_/
Permit holder's name: J R ME'5 J. M A 5 5 E V
Alan W. Klimek, P.E., Director
Division of Water Quality
2. Permit's signing official's name and title: r, Ay"Ng 5 5 . M A 55E Y , t7 La KJ�-
(Person legally responsible for permit)
Ot-5NE2
(Title)
3. Mailing address: -PO i->o% 2 4 fn City: 20 A a I rs G
State: Zip Code: - L T % % Phone: (�3(�) &. 3 2�- (► ��
H. NEW OWNER/NAME INFORMATION:
1. This request for change is a result of:
❑ Change in ownership of company
XChange in ownership of property/facility
❑ Other (please explain):
2. Owner/Operator Information
❑ Name change for company
❑ Name change for property/facility
Company or Owner or Operator Name: z d e nko
(name to be put on permt / c tificat of /go,verage)
Owner's/operator's or signing official's name: Title: 6&Xna)
Owner Contact: ZrJenKo '?ecos Title: CUI\
Mailing address,-?o. \ C U City: f G
State: n-c-- ZipCodc: CR966191 Phone:(4 06
E-mailaddress: nnnf!�—
3. Facility Information
Facility Name: N Xj
Facility Contact: -Z
Facility Mailing addre.
State: M . C
E-mail address: not
Zip
s�lolo'i - PM A(IZ6. �45 Nr- � MIT IN cR4-6- oP
swu-z3o-osoloz /
L Lii. CNoi TFI"erw� A5 oWN ,

PERMIT NAME / OWNERSHIP CHANGE FORM
4. Permit Contact Information (if different from facility contact)
Permit Contact:
Mailing address
E-mail address:
Title:
Zip Code: Phone:(
THIS APPLICCATION PACKAGE WILL NOT BE ACCEPTED BY THE DIVISION OF WATER QUALITY UNLESS_
ALL OF THE APPLICABLE ITEMS LISTED BELOW ARE INCLUDED WITH THE SUBMITTAL.
REQUIRED ITEMS:
1. This completed application
2. Legal documentation of the transfer of ownership (such as a contract, deed, articles of incorporation)
Certification must be completed and signed by both the current permit holder and the new applicant in the case of change of
ownership. For name change only, complete and sign the application certification.
Current Permittee's Certification:
1, J 0% G i S , M[-!S c y , attest that this application for name/ownership change has
been reviewed and is accurate and complete totlhe best of my knowledge. I understand that if all required parts of this application
are not completed and that if all required supporting information and attachments are not included, this application package will be
returned as in lete. n
Signature: Date:�--
Applicant's Certification:
I,2�en f U fi'�oree It1�efOS _ ,attest that this application for a name ownership change
has been reviewed and is accurate and complete to the best of my knowledge. I understand that if all required parts of this
application are not completed and that if all required supporting information and attachments are not included, this application
package will be returned as incomplete. ✓L
Signature: O1✓� �� Da[e�
THE COMPLETED APPLICATION PACKAGE, INCLUDING ALL SUPPORTING INFORMATION & MATERIALS,
SHOULD BE SENT TO THE FOLLOWING ADDDRESS:
Point Source Branch
Attn: Valery Stephens
Division of Water Quality
1617 Mail Service Center
Raleigh, North Carolina 27699-1617
SWU-239-080IO2

AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
THIS AGREEMENT made this 5th day of _ Mav, 2003 by and between
Zdenko Peros and Doreen Peros ("Buyer»), and
James S. Massey, And Nancy C. Massey ("Seller").
FOR AND IN CONSIDERATION OF THE 'MUTUAL PROMISES SET FORTH HEREIN AND OTHER GOOD AND VALUABLE
CONSIDERATION, THE RECEIPT AND: SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES
HERETO AGREE AS FOLLOWS:
Section 1. Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent to each
term. -AWL?
(a) "Property": (Address) 10436 Hwy. 21 South, Roaring Gap, N.C. 28668
(Legal Description/Description) DB 175, Page 798, 38 Room Motel and 8,400 sfRestaumnt on
5.01 acres
El If this box is checked, "Property" shall mean that property described on Exhibit A attached hereto and incorporated
herewith by reference as if fully set forth herein, together with all buildings and improvements thereon and all fixtures
and appurtenances thereto a4all"personal property, if any, itemized on Exhibit A.
$ 050,000.00 (b) "Purchase Price" shall mean the sum of Six Hundred Fifty Thousand
Dollars,
payable on the following terms:
5.000.00 (i) "Earnest Money" shall mean Five Thousand Dollars
or terms as follows:", f ',
Upon acceptance of this contract, the Earnest Money shall be promptly deposited in escrow with
United Country/Foxfire Realty (name of
person/entity with- whom deposited), to be applied as part payment of the purchase price of the Property at
the time sale is closed, or disbursed as agreed upon under the provisions of Section 9 herein.
0 THE EARNEST MONEY IS TO BE DEPOSITED IN AN INTEREST BEARING ACCOUNT, TO BE
APPLIED AS PART PAYMENT OF THE PURCHASE PRICE OF THE PROPERTY AT THE TIME
SALE IS CLOSED,:.,OR DISBURSED AS AGREED UPON UNDER THE PROVISIONS OF
SECTION 9 HErIN.
NA 00 Proceeds of a new'Loan in the amount of
Dollars for a term of
years, at`an; interest rate not to exceed % per annu n with mortgage loan discount points not
to exceed % of the loan amount; Buyer shall pay all costs associated with any such loan.
Page 1 of 6
North Carolina Association of REALTORSO, Inc 112tSTANDARD FORM 5WT
�cToa• ,= ® 7/2002
Buyer Initials : ;teller Initials

Ill) Delivery of a promissory note secured by a deed of trust, said promissory note in the amount of
Dollars
being payable over ` months in equal monthly installments of principal,
together with accrued interest on the outstanding principal balance at the rate of
percent ( %) per annum, with the first principal payment beginning on the first day of
the month next succeeding the date of Closing. At any time, the promissory note may be prepaid in whole
or in part without penalty and without further interest on the amounts prepaid from the date of such
prepayment. A partial. prepayment will be credited against the next installment of principal due. In the
event of Buyer's subsequent default upon a promissory note and deed of trust given hereunder, Seller's
remedies will be limited to foreclosure of the propelty.
5Do ooa oa Sc c. Scl/�i �: n a �9WW AI�r�v
9
$ ! N/A(iv) Assumption of that unpaid obligation of Seller secured by a deed of trust on the Property, such
obligation having an outstanding principal balance of $ N/A
and evidenced by a ootetibearing interest at the rate of N/A percent ( N/A %)
per annum, or N/A
see, y' MM0 AiA ooCie #AW .
59,000.00(v) C= at closing in thi# amount of Fifty nine thousand
Dollars, balance of Purchase
Price.
(c) "Closi_ shall occur on or before August 18, 2003 , or
(d) "Broker(s)" shall mean:'
United Country/Foxtire Realty ("Listing Agency"),
k Forrest Smith ("Listing Agent")
Acting as: ❑ Seller's Agent;-` Dual Agent
and United Country/Foxflre Realty ("Selling Agency"),
Mary Crouse ("Selling Agent").
Acting as: Buyer's Agent; .4 ` � Seller's(Sub) Agent; 19 Dual Agent
(e). "Examination Period" shall mean the period beginning on the date hereof and extending through
July 9; 2003 or
(f) "Intended Use" shall mean the,use of the Property for the following purpose: Commercial
Restaurant and Motel Business and Residential
(g) "Seller's Notice Address" shall be as follows:
i 10436 Hwy 21 S Glade Valley
except as same may be changed pursuant to Section 10.
Y
I:' I
r• �
Page 2 of 6
Buyer Initials'.Seller Initial,WAW—
TWaknPadndbirmemmudelmSTANDARD FORM 580-T
L'S*M soas>e IOV ®'1/ 2

uVCr, iNouce Address shall be as follows:
f.
40 , Bridges Stne4 Morehead Pity, North Carolina 28557
except as same may be changed pursuant to Section 10.
(i) If this block is marked, additional terms of this Agreement are 'set forth on Exhibit B a
incorporated herein by reference. ttached hereto and
t
S'
Section 2. Proration of Expenses and Payment of Costs: Seller and Buyer agree that all property taxes, leases rents mortgage
payments and utilities or any other assumed liabilities as detailed on attached Exhibit B, if any, shall be prorated as of the date of
Closing. Seller shall pay deed stamps and other conveyance fees or taxes, and Buyer shall pay recording costs costs of an
search, title insurance, survey and y title
Buyer and Seller Agree each will pay tYPIC81 &sfng cost related to each .
pa*
Section,3.-Ste of Pioperty: Seller agrees Ws' ell the Property for the Purchase Price set forth on page 1.
Section 4. Payment of Purchase Price: Buyer shall pay the Purchase Price in accordance with all the terms and condition
contract. s of this
Section 5. Title: Seller agrees to convey fee simple marketable title to the Property b
P rty y general warranty deed, subject only to the
exceptions hereinafter described. Seller represents and warrants that Seller is the fee simple owner of the Property, and at Closing,
Seller shall deliver to Buyer good and markptakle fee simple title to said Property, free and clear of all liens, encumbrances and
defects of title other than zoning ordinances affecting the Property, utility ,, , utiL easements of record serving the Property, taxes not yet due
and payable, road rights -of -way of record and. those other encumbrances, reservations, restrictions and easements and other exceptions
set forth on Exhibit C attached hereto ("Permitted -Exceptions").
Section 6. Conditions: This Agreement and the rights and obligations of the parties under this Agreement are hereb made ex re conditioned upon fulfillment (or waiver by Bu4Yer) of the following conditions: y p ssly
*(a) New Loan: The Buyer must be able to obtain the loan, if any, referenced in Section 1(b)(ii). Buyer must be able to obtain
a firm commitment for this loan on or before NIA
effective through the date of
closing. Buyer agrees to use its, best efforts to secure such commitment and to advise Seller immediately upon receipt of lender's
decision.
i
(b) Qualification for Financing: If Buyer is to assume any indebtedness in connection with payment of the Purchase Price,
Buyer agrees to use its best efforts to quali . fof the 'assumption. Should Buyer fail to qualify, Buyer shall notify
immediately upon lender's decision, whereupon this A y � Seller in writing
p Agreement shall terminate, and Buyer shall receive a return of Earnest Money.
(c) Title Examination: After the date oNxecution ofthis Agreement by Seller, Buyer shall, at Buyer's expense, cause a title
examination to be made of the Property before thexend of the Examination Period, as defined in Section 1(e). In the event that such
title examination shall show that Seller's title lls';�of good, marketable, fee simple and insurable, then the Buyer shall immediately
notify the Seller in writing of all such title defects and exceptions, as of the date Buyer learns of the title defects, and Seller shall have
thirty (30) days to cure said noticed defects. If'Seller does not cure the defects or objections within thirty
j � � 'rty (30) days of notice thereof,
the Buyer may terminate this Agreement and %eceive a return of Earnest Money (notwithstanding that the Examination Period may
have expired). If Buyer is to purchase title insurance, the insuring company must be licensed to do business in the state in which the
property is located. Title to the Property mn'si be insurable at regular rates, subject only to standard exceptions and Permitted
Exceptions.
Page 3 of 6
Buyer Initials Seller` Ini .
STANDARD FORM 580-T
TNs corm aal,oed tiY / j jg +'� slow * ` ®7/2002
�0�1i6�l�

• • ��� �i ji, & vatc mstricuons or governmental regulations. If Buyer determines, prior to the date of Closing, that use of
erty for its Intended Use will violate any such Private restriction
anent by written notice and receive a return of the Earnest Money,and neitheor r
regulations, then Buyer may terminate the
Jection with this Agreement. ' : Ply shall then have any further obligations in
(e) Same Condition: If the Property is not in substantially the same condition as of the date of the offer, re
and tear excepted, then the Buyer may terminate the Agreement and receive a return of the Earnest Money. asonable wear
(f) inspections: Buyer, its agents or representatives, at Buyer's expense and at reasonable times during normal business
hours, shall have the right to enter upon the Property for the purpose of inspecting, examining, performing soil boring
testing, conducting timber cruises, and surveying the Property. Buyer shall also have a right to review and inspect all leases contra is
or other agreements affecting or related directly4o the Property and shall be entitled to review such books and records of Seller
relate directly to the operation and maintenance of the Property. Buyer assumes all responsibility Tor the acts of itself its a as
reor
presentatives in exercising its rights undeithis Paragraph 'and agrees to indemnify and hold Seller harmless from any damages
resulting therefrom. Except as provided in Section 6(c) above, Buyer shall have from the date of acceptance through the egnd
th
Examination Period to perform the above inspections, examinations and testing to determine if the Propertyis uitable for the
othe
Intended Use. If, prior to the expiration of the Examination Period, Buyer determines that the Property is unsuitable, in Buyer's sole
discretion, aqd provides written notice to Seller thereof then this Agreement shall terminate, and Buyer shall receive a return of the
Earnest Morley.
Section 7. EnvironmentaI: Seller represents and warrants that it has no actual knowledge of the presence or
buildings or on the Property �' g P disposal within the
of hazardous or toxic waste or substances, which are defined as those substances, materials, and wastes,
including but not limited to, those substances"r6aterials and wastes listed in the United States Department of Transportation
Hazardous Materials Table (49 CFR 172.101y or by the Environmental Protection Agency as hazardous substances (40 CFR Part 302
and amendments thereto, or such substances, materials and wastes, which are or become regulated under any applicable local state or
federal law, including, without limitation, any material, waste or substance which is (i) petroleum, (ii) asbestos, (iii) of chlorinated
biphenyls, (iv) designated as a Hazardous Substance pursuant to Section 331 of the Clean Water Act, 33 U.S.C. Sec. 1251, et. se . 33
U.S.C. 1321) or listed pursuant to Section 307 of the Clean Water Act (33 U.S.C. Sec. 1371—�
ste
pursuant to Section 1004 of the Resource Conservation and Recovery Act, 42 U.S.C. Sec. 6901, et. sea. (42 U.S.C. S6903 hazardous orav )
defined as a hazardous substance pursuant to. Section 101 of the Comprehensive Environmental Response, Compensation and
Liability Act, 42 U.S.C. Sec. 9601, et. seg. (42;U.S C. 9601). Seller further states that it has no actual knowledge of any contamination
of the Property from such substances as may hate been disposed of or stored on neighboring tracts, and it has no reason to suspect that
such use or disposal has occurred, either durin&pr prior to its ownership of the Property.
Section 8. Risk of Loss/Damage/Repair: Untit the Closing, the risk of loss or damage to the Property, except as otherwise provided
herein, shall be borne by Seller. In'the event the Property
same condition as it was prior to Closing, Buye may elect to termis anate ged this Agreo that the ement,
cannot be conveyed in substantially the
the Buyer. Except as to maintainingthe Pro ' e g ment, and the Earnest Money shall be returned to
p rty in its same condition, Seller shall have no responsibility for the repair of the
Property, including any improvements, unless the pasties hereto agree in writing.
Section 9. Earnest Money Disbursement: In the event this offer is not accepted, or in the event that any of the condition sereare
not satisfied, or in the event of a breach of this Agreement by Seller, then the Earnest Money shall be returned to Buyer but such
return shall not affect any other remedies available to Buyer for such breach. In the event this offer is accepted and Buyer breaches
this Agreement, then the Earnest Money shall 'be forfeited, but such forfeiture shall not affect any other remedies available to Seller
for such breach. NOTE: In the event of a dispute between Seller and Buyer over the return or forfeiture of Earnest Money held in
escrow by a licensed real estate broker, the broker is required by state law to retain said Earnest Money in its trust or escrow account
until it has obtained a written release from the'pmiies consenting to its disposition or until disbursement is ordered by a court of
competent jurisdiction. '
Section 10. Closing: The Closing shall consist of the execution and delivery by Seller to Buyer of a General Warran
er
documents customarily executed by a seller in, imilar transactions including without limitation, an owner's affidaviit,ty 1 en waiver
forms and a non -foreign affidavit and the payment by Buyer to Seller of the Purchase Price in accordance with the terms of the
Purchase Price. At Closing, the Earnest Money, shall be applied as part of the Purchase Price or as otherwise provided in Section
I (b)(i). The Closing shall be held at the office, of Buyer's attorney or such other place as the parties hereto may mutually agree.
Possession shall be delivered at closing, unless otherwise agreed herein.
age 4 of 6
Buyer Initials =�--� Seller Initia `�
STANDARD FORM 580-T
© 7/2002
This to m F*dxW by l9w'Jl�iul�i�e87yif'''Fara� Sdbm

"•••-�� �•••-• •••�� p•...;...�.. UVlVlll, pll 11VLlVtH4 allu VLLIL:i buu„lluu,umiuu5 w1m.;j11114y uC or are requlrea to De
% made by any party to the other in connection herewith shall be in writing and shall be deemed to have been properly given
;eived on the date delivered in person dr, deposited in the United States mail, registered or certified, return receipt requested, to
.ddresses set out to Section 1(g) as to Seller and in Section 1(h) as to Buyer, or at such other addresses as specified by written
'.Ice delivered in accordance herewith.
Section 12. Entire Agreement: This agreement constitutes the sole and entire agreement among the parties hereto and no
modification of this Agreement shall be bindiftg unless in writing and signed by all parties hereto.
Section 13. Adverse Information and Compliance with Laws:
(a) Seller Knowledge: Seller has no knowledge of (i) condemnation(s) affecting or contemplated with respect to the
Property; (ii) actions, suits or proceedings pending or threatened against the Property; (iii) changes contemplated in any applicable
laws, ordinances or.restncttons affecting the Property; or (iv) governmental special assessments, either pending or confirmed; for
sidewalk, paving, water, sewer, or other improvements on or adjoining the Property, and no owners' association special assessments,
except as follows: None
insert --None• or the identification of such assessments, if any). Seller shall pay all confirmed owners' association assessments and
all confiiQ governmental assessments, if any, and Buyer shall take title subject to all pending assessments, if any, unless otherwise
agreed as follows: NIA
(b) Compliance: To the best of Selte6 knowledge and belief, (i) Seller has complied with all applicable laws, ordinances,
regulations, statutes, rules and restrictions pertaining to or affecting the Property; (ii) performance of the Agreement will not result in
the breach of, constitute any default under or result in the imposition of any lien or encumbrance upon the Property under any
agreement or other instrument to which Seller is a party or by which Seller or the Property is bound; and (iii) there are no Iegal
actions, suits or other legal or administrative:proceedings pending or threatened against the Property, and Seller is not aware of any
facts which might result in any such action, suitor other proceeding.
Section 14. Survival of Representations and Warranties: All representations, warranties, covenants and agreements made by the
parties hereto shall survive the Closing and4elivery of the deed. Seller shall, at or within six (6) months after the Closing, and
without further consideration, execute, acknoW. ledge and deliver to Buyer such other documents and instruments, and take such other
action as Buyer may reasonably request or as may: be necessary to more effectively transfer to Buyer the Property described herein in
accordance with this Agreement. ;
efction 15. Applicable Law: This Agreement .shall be construed under the laws of the state in which the Property is located.
Section 16. Tax -Deferred Exchange: In the;evedt Buyer or Seller desires to effect a tax deferred exchange in connection with the
conveyance of the Property, Buyer and Seller agree to cooperate in effecting such exchange; provided, however, that the exchanging
party shall be responsible for all additional costs associated with such exchange, and provided further, that a non -exchanging party
shall not assume any additional liability with' -respect to such tax -deferred exchange. Seller and Buyer shall execute soh additional
documents, at no cost to the non -exchanging party, as shall be required to give effect to this provision.
THIS DOCUMENT IS A LEGAL DOCUMENT. EXECUTION OF THIS DOCUMENT HAS LEGAL CONSEQUENCES THAT
COULD BE ENFORCEABLE IN A COURT F LAW. THE NORTH CAROLINA ASSOCIATION OF REALTORS@ MAKES
Page S of 6
f r-
Buyer Initials _ Seller xidtia STANDARD FORM 580-T
s
C 7/2002
i m 11 Bob", ;.; ion

��u=1v j VK •1HE � Y LEGAL EFFECTOR TAX CONSEQUENCES
`' •� -~ '' DS T�INSACTION � Tp y�/ OF THIS
YOU MAY WISH TO CONSULT_Yp " ' 'ASS• IF YOU DO NOT FEEL THIS
UR , DOCUMENT
RNEY, NT MEETS YOUR
BUYER:
Individual SELLER:
Individual
Zafenko Penns (SEAL)
Date' JamM SEAL)
es S. assay
•'" �" ., ;. t Date:
� - e•�,.SEAL) '` •
eras
Date, :,.: `�►�. r
,.. (SEAL)
> . �eY M
Y
Date.
Business Entity {
Bus, en En
tit
(Name of Firm)
B (Name of Firm)
Title: :{SEAL) By:
(SEAL)
.4 Title:
Date: ;Y
Date:
The undersigned hereby acknowled a red` i
accordance with the terms hereof, g eYPY of the Earnest Money set forth herein and agrees to hold said Earnest
st Money in
D
ate
. p
S_ L By: 1-0100
I
Mary Cnnuse
STANDARD FORM SSO-T
® 7/2002

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SELLER FINANCING ADDENDUM
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Seller agrees to provide Buyer with purchase'money financing on the following terms and conditions:
1. The loan shall be evidenced by a purchase money promissory note secured by a purchase money deed of trust on the Property.
2. The purchase Mon e de d f
y ! e o trust shall . a 500.000, (first or second) lien on the Property.
3. The loan shall bear interest prior to default at the rate of 6 _ /a per annum
follows: Monthly, 30 yramoriizatlon,'7 P and shall be payable as
on the Nlgh Meadows !nn and Restaura s Sel �� f er to take note and 1st Deed of Trust .
The loan shall bear interest after default at the rate of ty 10Or said loan.
/o per annum.
4. Unless otherwise provide herein, the promissory note may be prepaid in whole
any restrictions on this prepayment righttlie restrictions are as follows: N/A or in part at any time without penalty. If there are
5. Unlesseryyise provided herein, the login nay not be transferred ReALS�,g a CpN1�N/g Veit;r. , or assumed without Lender's prior written consent.
6' : Buyer to convey 100% Fee Slm !e ow Bldg 1 Condominum located at R��� P _ netshlp Of Unit #1111,
7. Unless otherwise provided herein, the promissory not and deed of trust shall be in form
currently approved North Carolina Bar A _sociation Forms 4 and S, as modified by the rms of and contain
the provisions of the
contract. � provided above or contained in this
Seller is advised that seller financing may,�Ii .}t Seller's ability to recover all
advice of an attorney is recommended prior o ,Seiler agreeintoprovide seller fin funds in the event of a default by Buyer. The
ancmg.
Z `4 �i ;j
IN THE EVENT OF A CONFLICT BETWEEk ItHIS ADDENDUM ADDENDUM SHALL CONTROL. AND THE OFER TO PURCHASE AND CONTRACT, THIS
THE NORTH CAROLINA ASSOCIATION�':OF REACTORS® MAKE NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY NORTH RO VISA BAR ASSOCIATION
ANY SPECIFIC TRANSACTION. IF YOU�D��NOT UNDERSTAND THIS FORM OR FEEL
PROVISION OF THE FORM IN
FOR YOUR LEGAL NEEDS, YOU SHOULD CONSULT A NORTH CAROLINA REAL, E L THAT IT DOES NOT PROVIDE
SIGN IT. STATE ATTORNEY BEFORE YOU
Buyer: '�
r� (SEAL)
Zdenko Petos
Buyer:
• Dot"n Peros (SEAL)
Seller:
Seller:
Nancy
Page 1 of 1
This form jointly approved by. -
North Carolina Bar Association
�u�oa• North Carolina Association of REALTOR,Sq, Inc.
Date'
k
Date
(SEAL) DateD}--
(SEAL) Date
STANDARD FORM 2A5-T
® 7l2002
Tice trm, nnrli W by ����Ih 1' F�eena cMw�eA

PROMISSORY NOTE -
'SPARTA _-- N. C.
$__500.000 00 AUGUST 11:_ 20Q _
--------
FOR VALUE RECEIVED the undersigned, jointly and severally, promise to pay to __ JAMS S . MASSEY AND WIFE„L_ NANCY
C. MASSEY
- - - --- - - --- - -- - -- - - - - - -- - ---------- --- ------------T-------------------------------------------------------_-------------_---------------------
------------------------------------------------ ---;-------------------------------------------------------------------------------- or order,
the principal sum of FIVE HUNDRED THOUSAND. - AND N01100--------------- —--- ------------------------
nor.LARs (= 500, 000.00 ), with , tpi6 from August -11, 2003 , at the rate of Six (6.00 )
per cent per anuum on the unpaid balance until pufd`'or until default, both principal and Interest payable in lawful money of the United States, at
the office of ___-.,lam=s-�S__.Me�S�3r_,_�Q._q_24f1.,_�►t2a]G�.0 Gap._3aiC._2$6�fi�------------------------------------------------
------------------------------------------------ ------•-----------------------------------------------------------------------------------
or at such other place as the legal holder hereof 'may designate in writing. It Is understood and agreed that additional amounts may be advanced by
the holder hereof as provided In the instruments, it Any, securing this note and such advances will be added to the princt�al of this note and will
accrue Interest at the above specified rate of interest;�from the date of advance until paid. The principal and iatesest shah be due and payable as
follows:
Payable in monthly installment6_0f $2,997.76 each,(includes principal and interest) the
first payment to become due an ': ayable`on or before the 11th day of September, 2003,
and continuingeach month thereafter until August 11 2010 at which time the entire
g > >
principal balance remaining, plusiaccrued interest to said date, shall be due and payable
in full.
.1,
In the event of -default In payment of Any Instillment of rincipal or -interest hereof or default under the terms of any instrument securing
this note, and if the default Is not made Xood within:Ufte n dak the holder may without notice, declare the remainder of the debt at once
due and payable. Failure to exercise this option shaW.Ubt e a waiver of the ri�t to exercise the same at any other time. The principal of
this note and any part thereof, and accrued interes� ,If j,any, shall bear Interest at the rate of-fi&QO ---- Per cent per annum after default until paid.
All parties to this note, whether principal, surety, guarantor or endorsers, hereby waive presentment for ppayment, demand, protest and notice
of dishonor, and all* defenses on the ground of ezteas)on of time for the payment hereof, which may be given by the holder of the note to them or
either of them, or to anyone who has assumed the payment of this note.
Upon default the holder of this note may employ an attorney to enforce the holder's rights and remedies and the maker, principal, surety,
guarantor and endorsers of this note hereby agree to pay to the holder the sum of fifteen (15%) per cent of the Outstanding balance owing on said
note for reasonable attorneys' fees, plus all other reasonable' mWenses ineurred by tpe holder in exereising any of the holdees rights and remedies
upon default.
This note Is to be governed and construed In accordance with the laws of the State of North Carolina.
This note is given _-for money__owed_ for real estate and Is secured by a
---=�L- --------------------------------------------------------------------------------------
which is a _f irAt---- lien upon the property therein descrIbed. The provisions of all security instruments securing this note are incorporated
herein by reference.
IN TESTIMONY WHEREOF, each corporate maker has caused this IN TESTIMONY WIMMOF, each individual maker has hereunto act
Whand and adopted as his seal the word "SEAL" appealing beside his
fie' th4 day and year faint above written.
instrument to be executed in its corporate name by its-----------------t'
--President, attested by its-____--
----=------- ------ ----------------
Secretary, and its corporate seal to be hereto atfixod, all by order of
Its Board of Directors first duly given, this day 'and year first above
•----------------= r -- - ----- ���:��-----------(SEAL)
written.
Zdenko Peros
---------------------------------••------------------------------ ./
(Corporate Name)
�'.--------- --- -------------------(SEAL)
By:-------------------------------------------------------------- D een Peros
----------------------------President
ATTEST:
------------------------------------------------- -- ------------
--------------- _------------ secretary (Corporate 8"Q
------------------------- ---- --Name) ------,
(Corporate.;-------------------
By: -------------------------------------------
----------------------------President
y
ATTEST:
________________________Secretary (Corporate 8.4f1)'
--------------------------------------------------------------(SEAL)
.-------------------------------------T_------------------
---- (SEAL)
----------------------------------------------------- --------- (SEA%)
•-------------------------- --------- -------------------------- (SEAT.)
--------------------------------------------------------------(SEAL)
N.C. Bar Assoc. Form No. 4 m 1976

4AMtb b. AND NANCY C. MASSEY
PO BOX 246
F. NAME ANE, ADplESS. OF LENDER: ROARING GAP, NC 28668
HA
LOCATION: ^ •• 1. 11 QUU r n
ROARING GAP, NC 28668
n. St i I LEMENT AGENT: Dan R. Murr
PLACE OF SETTLEMENT: P,O.13gti6i
S arta Nort
I. SETTLEMENT DATE: AUGUST 11,
J. SUMMARY OF BORROWER'S TRANSACTION
K. SUMMARY OF SELLER'S TRANSACTION
101. Contract sales price.'7.
650 000:00`>
4P1. Gontrat t salsa price '
102. Personal property
402. Personal property "650,000.00
103.. Settlement charges to borrower:-.'2978.00;
403.
from line 1400
104.
404.
105.
405.
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
ADJUSTMENTS FOR ITEMS PAID BY BUYER IN ADVANCE:
106... city/town taxes to
406. Gitylfown taxes to
107. County taxes to 1/01/04
407. County taxes to
108. Assessments to -
?
408. A,asessments to
109
110.
ill.
411.
112..
?:
412.
120. GROSS AMOUNT DUE
FROM BORROWER:
652978.00
420. GROSS AMOUNT DUE
550000.00
TO SELLER:
201. Deposit or earnest money
5000.00
501. Excess deposit (see instructions)
202, Principal amount of new loans) ;.;
:`
50?, $9t((aM9pI( ¢hgfges to Geller (line 1400)
26050.50
203. Existing toan(s) taken subject to
503. Existing loan(s) taken subject to
204.
i
504. Payoff of first Mortgage loan
205. UNIT 1111, BLDG. 1, 6324 PARC CONNICHE-
88,000.00
505. Payoff of second mortgage loan
TRADE
206.PURCHASE MONEY :DEED OF TRUS7 ,y
'_Soo OOOACi11:
BIdD 1; 6324 P@Pp:Connlche:
86 000.00
207.
507. Purchase Money DfT
500,000.00
209.
509,
ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
ADJUSTMENTS FOR ITEMS UNPAID BY BUYER:
210. Cityltown". taxes 'to' ''•
-
- t'•510,
Gitylfto ..
211. County taxes to
511. County taxes 1/01/03 to 8112/03
2504.22
212. Assessments - - to
_ _ �' __...
-512. Assessments' to
213.
513.
214. _..
":614.
215,
515.
216,
518.
217.
517.
218. .:.
518.
219.
519.
??Q, TOTAL PAID F9,R/5Y
591000.00
RQ, TQTA4 REDUCTIONS
614554.72
BORROWER:
IN AMOUNT DUE SELLER:
1s,
301. Grose amount due from borrower (fine 120)
652978.00
601. Gross amount due to seller (line 420)
650000.00,
302E Less amount paid-by/for borrowen:(line 220)
591000,00T
(IM Lesslotal reductions in amount due seller (line 520) _614654.72
303. CASH ([ X FROM)( [ ITO) BORROWER:
61978.00
303. CASH ( X TO)( ]FROM) SELLER: 35445.28
HUO 1 (3 86)
REPS, HBO 4305 2

SETTLEMENT GHARGES
er^IrAGrt,<r".V% .oI1w.w, .............
<:�tr=�, ,.._ �:.. �,; , .�; �, ., •, ,:
BASED ON PRICE $ (� 96 a �400Q.¢R
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.A`;t:>�� N>Jf ��.,...<��..�,}• �, rrFl;�F ), <, (t ``
701. ,.fLr.:�:1.,.-„ .*..,1:: ; .:F:f T Via. 1'
to
Paid From
Borrgef's
Funds at
Settlement
t
r-: �,-.
'1. • 7
'1� S
Paid From
S,ollor's
Funds at
Settlement
24000.00
702:;,
703. Commission aid at �
p settlement United County Foxflre l,Y, .:,,.. iv +
- } �� 1� i ]. tF.,w y F '1.�y',Atl:'EitY,.R. 'YJi'• .4 }..:>. ,;'r',v}.•. �•. :'t .�f..
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800. ITEMS PAYABLE iN CONNECTION WITH LOANy
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8002. Loan discount %
�a
84/ic '.It�Ss1'
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804. Credit report to
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806. Commitment Fee to
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:�
$07 [� ` p
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808. EXPRESS MAIL FEE to
H„ C.
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810. TAX SERVICE FEE to
et. gyp' v �:Y i� :�!�4„t. w^�. :rt.�y.:K.r: i>.: f. •t .n' w ..,t:te '.g..r .t'f rY.' ttS •t
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-
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900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE:
':•„ � t F .... . � ? - ,:- � , f , 1, t..;Gq'SJ: `•' . »i':tie%V' t•V:.`,t`;,;: wj;.{syr .;;. .�tv"e: x:;tr.'G:•:nr y. .:t..
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7777
902. Mo rtgage Insurance premium feF -mess to
p� }. ! rJs), • ti,:>, i/` YS t,ti>i:>X>:: "v>,�:<v?f .11A1{"' T
903. �°-Hazer .in&ur�nc_ �' rpp t _ -�,-� r=` -:z �ti� � �� � 7 • , ,,,_ :�-.., . �1_ .���� :� .�:, ,
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777777
904. Rears to
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905.. � � y 4 S . 1 l �:'i . J L.r.r: ^ h'1 °I,$tir Zt•.r i'i . � � . ,tY r. j: 1 `.fi � .}.. titir'r,.j•��.1 y'ir{ ..1, .l, f'VC,. 1 /f. r.\y r �
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1000. RESERVES DEPOSITED WITH LENDER:
10 1."%1i .
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-
1002. Mortgage Insurance months $ per month
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1004. County property taxes months Q $ per month
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1006. months $ per month
1008. AGGREGATE ADJUSTMENT
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1101. Settlement or closing fee to n
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1102 Abe f[ °t 4°h M,l- {t1 a ,
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1103. Title examination to
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1105. Document preparation to •than"A. Murray250.00
;� � ti. --i t� .� may..,, fY,r tQni�<�itrV M s, n. ,- ,•ST r., �.. r. ,
1106:..iJota-
1107. Attorney's fees to Dan R. Murray1000.00
-i*ri..`hr.: i:' S!J` '•� MW 'rt: 0%.:tir.- c.r 're::•.q:>.a�/�';,:5` "Y.r4.,rrt:s
,£ `�' ..� � � . •.LiY.�'�• SN- v l�>,i : 3 � . �.. .tiv,: r: j. j R.. � >.,P!<G, - J .,.e' �T��tri� 8� �yy�gry� j��] j�p�p Y .`*�-• •- rJ. Fi.. ,q - i r..; r Sr7^ . ,ii . :;icr ,�y`.y'Y.- ..\�::�:� . ,. y.5> - 1t, .
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t. .c- rs'.
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1108. Title insurance to '
950.00
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1109. Lender's coverage $
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1111. COUFISF Fee ban R. Murfa
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t 113..�-
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1201. Recording fees: Deed $ �0,00 ; Mortoage $ 2�.Qp ; Release $
.f
40 QQ
+. � ":: ;<✓.'h..5`>Y9.YyY �.. w irv.,• r i`Y;T%y.C:�Y =")l't' r'' 'Yx �f�ff>i'f; r.`:$st::�' 1\:
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7� 'I,f.��r..9•r' S s >x/ ss - �, S'
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1203. State tax / stamps: Deed $ 1300.00 ; Mortgage $
1300.00
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-
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77
1301. Survey to
r -'1 t:n .1,Y '.,,. "l• Y f' "4 'SY <i .' :t Yt•,Y' '. f ^ 't>!'/t•i,
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1303. Home Inspection to
1304"`' Tlite;SMlEsII, TIU-` Fkbivq; 'r ib#; P4,00 I t A -AA
Po�t�s�Qead�rep�t3esd�xaix►p�::��; r.'. ,r.'.����'�:1�� '?�,U.��
-
1305. Title Insurance, recording fees to Jackson, Clements and Dawson
500.50
ff l.}' .:4v qy ttt :. y. v'fL'4:it• - S C
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-
1309. to
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,..5: r •f. :i .•)r. "�; :. ,y.,.l-T<.C;l:� tS,-x �.j' ..f.}•St�:r�`h.: `io.',Y ;r:9„S�n.C{r&�,CI•�� t.y.: r>5, 1:�r i:lrTht r !n5>._rc:..0 J.i '1s t ):
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1311. ) ,
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tip..,, rt, .ar:
3sns0�p
I have carefully reviewed the HUD-1 Settlement-Statement4nd to the best of my -knowledge -and belief, it is a•true and
disbursements made an my ascount or by me In this transaction. 1 further ceKIN thatLbave received a copy of the
-accurate statement
HUD-1 Settlement Statement.
of all receipts and
Borrower/Buyer a%+- ate: "
Seller Date '-//-,03
Seller 12Nt Date
Borrower:Bu er Date:
The HUD-1 Settlement Stateyfent which i-have prepared..is-a.,true•and accurate aocount• f�this traj(�a�tton. 1 havk�r or iwcause the tunas to ce
disbursed in accordance with this statement. '`J.� ,�,J_
Date: I Settlement Agent: CJ.lXyy%,:_ �lil.F.�, ' Date:
WARNING: It is a crime to knowingly make false statements to the United States on this or any oth r similar fo nalties upon conviction can
Include a fine and imorlsonment. •For details see: TWO 18 U.S. Code Section 1001 and Section 1010.

N -
� 1,nOMISSORY NOTE
UABrA------------- N. C.
------ A11GUST_1L2f1Q 19__------
FOR VALUE RECEIVED the undersigned, jointly and severally, promise to pay to ------ NrjTEj�_-Q0jjNM_EOXF=RE_ R'ry ---
--------------------------------------------------` ------------------------------------------------------____________________-___________-_-
_______________________________________________________.-__---__----__-__----__-_____--____--__---__-----_--__-------
SIGH An NO.1100or order,
the principal sum of TEEN THOUSAND __________________________________________________
DOLLARS ($ 18 , 000.00 ), with interest from n/ g
at the rate of A/ a
per cent per annum on the unpaid balance until paid or until default, both principal and interest payable 3n lawful money of the United States, at
the office of ----- UAit0A_.isQuutr,X_.Fozfjxe_------------------------------------------------------------------ - ,
-------------------------=--------------------------------•------------------------------------------------------------
or at such other place as the legal holder. hereof 1� may designate' in writing. It is understood and screed that additional amounts may be advanced by
the holder hereof as provided In the instruments, ;it= any, securing this note and such' advances will be added to the prindgal of fhb note and will
accrue intosept at the above specified rate of in -from the date of advance until paid. The principal and interest shall be due and payable as
follows:
Payable in monthlyinstallme s, ! t $1000.00 each, the first payment to become due and
payable the 11th day of Septem#16,i,'2003, and continuing each month thereaft
er on or
before the 11th day of each month, until paid in full. It is specificall understood
and agreed that said monthly payment is contingent upon the Makers hereof receiving
their full monthly payment under the terms and provisions of that Purchase Money Deed
of Trust securing a Promissory,,Npte upon -the property located at 10436 US Hwy 21.
It is further agreed that -in the;. event the Promissory Note and Deed of Trust referred
to -in the preceding paragraph is', ',paid in full within the next eighteen months, the
obligations within this Promissory Note shall be paid in full at such time as Makers
hereof receive said payoff funds.
t
xr 1 1
In the event of -default is payment of nay �Mlllment of tinelpal of -interest hereof or default under the terms of nay instrument securing
this note, and U the default is not made oo , may without notice, daclare the remainder of the debt at -once
due and payable. Failure to exercise this ption shall not o S) a wai er holder
. .� � rlg�t to exercise the same at any other time. The principal of
this note and any part thereof, and accrued iatesest,cit shall boas interest at the rate ot----------- per cent per annum after default until paid.
AII •partite to this note, whether principal, suety ' guarantor or endorsers, hereby waive presentment for ppayment, de protest and notice
of dishonor, and all- defenses on the ground of 4;M; s�oa of for the payment hereof, which nuLy be given by the holder of note to them or
either of them, or to anyone who has assumed the Daymenti note.
Upon default the holder of this note may entpior •an attorneyto enforce the holder's rr��hb and remedies and the maker, pM
�, surely
guarantor and endorsers of this note hereby agree to-1 to th r the sum of fifteen jj5%) per cent of the pntst�nding balancag oa saidnote for reasonable attorneys' ices, plus all other ,reaaonable' expenses incurred by the hoI er in exerebing any of the holder's righd remedies
upon default.
This note Is to be governed and construed in accordance with the laws of the State of North Carolina.
US Hwy 21 South
This note isgiven _for _balance of
---------�4.�A4�. 4A_�rstB�ry__.Qd_�and_r1s��.a��_a�t_1D_4311__, and is secured by a
--- n1a-------------------------------------------------------------------------------------------------------------------------------------•
which is a __-- I118 -- lien upon the property thereindesertbed. The provisions of all security instruments securing this note are Incorporated
herein by reference.
IN TESTIMONY WHEREOF, each corporate maker has caused this
Instrument to be executed in its corporate name by 3ts:.»-------____--
_-Presiadent, attested by its__ -------------------
Secretary, and its -corporate seal to be hereto affixed, .ell by order of
its Board of Directors firsts duly given, this day, and yeas first above
written.
---------------------------------------------- --�-`- :=-------------
(Corporate Name)
By: ------------------------------------------ = �1---------------
___President
ATTEST:
----------------------------Secretary (Corporate Seal)
(Corporate Namej
By: ---------------------------- President �.
ATTEST:
-- ------------------------------------------------------.--------_---
----------------------------Secretary (Corporate Sea yfl_
IN OTESTIMONY WBQSOF, each individual maker has hereunto set
his hand and adopted as his seal the word "SEAL" appearing beside his
name, this day and your tint above written.
•-----
James S. Masse
. Mas
--------------------------------------------------------------(SEAL)
-------------------------------------- I ----------------------- (SEAL)
--------------------------------------------------------------(SEAL)
----------------------------------------i _-_ _ _ __ ___ __ __ _ _ __ _ __(SEAL)
•----------------- -------------------------- ----------------- -(SFAL)
II.C. Bar Assoc. Form No. 4 0 1976