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<br />DICKSON HOUSE
<br />WHEREAS, the two-story framed house, known as the "Dickson House,' presently
<br />located at 150 East King Street in the Town of Hillsborough, Orange County, North
<br />Cazolina, on the tract of land hereinabove described and conveyed (hereinafter referred to as
<br />the "Subject Property"), is a building of recognized historical, cultural and architectural
<br />significance; and
<br />WHEREAS, the one-story separate framed building known as the "Office" and also
<br />located on the Subject Property, is also a building of recognized historical, cultural and
<br />azchitectural significance (the aforesaid "Office" and the aforesaid "Dickson House' being
<br />hereinafter jointly and severally referred to as the "Dickson House'); and
<br />WHEREAS, the Preservation Fund of Hillsborough, Inc. (hereinafter the "Fund"), the
<br />Historic Preservation Foundation of North Cazolina, Inc. (hereinafter the "Foundation") and
<br />the Grantee each desire that the historic Dickson House be preserved foe the enjoyment and
<br />edification of future generations; and
<br />WHEREAS, the Subject Property was conveyed to the Fund and made subject to
<br />certain restrictions which wen subsequently amended by a certain Deed of Release and
<br />Agreematt recorded in Book 7'19 at Page 228 in the Orange County Registry; and
<br />WE~.REAS, this cortveyancx is made subject to the conditions and restrictions as set
<br />forth in said Deed of Release and Agreement, and to the conditions and restrictions as set
<br />forth herein; artd
<br />WHEREAS, the Fund, the Foundation and the Gtantce each desire that the Dickson
<br />Hotue be adapted and altered, where necessazy, to provide for contemporary conveniences
<br />and to atxommodate contemporary uses, while at the same time retaining its historically and
<br />architecturally significant features; and
<br />WHEREAS, the Fund and the Grantee both desire that the Dick:~n House be used as
<br />a visitor's service center fru the Town of Hillsborough and Orange County in accordance
<br />with the agree,rrerrts set forth herein; and
<br />WHEREAS, the Fund is a charitable organization which acquires certain rights
<br />pursuant to historic preservation agreements that will insure that structures located within
<br />• Orange County of tecognized historical and architecdrral significance are preserved and
<br />maintained for the benefit of future generations; and
<br />WHEREAS, the Foundation is a charitable organization which acquires certain rights
<br />pursuant to historic preservation agreements that will costae that stnuturq located within the
<br />state of Noah Carolins of recognized historical and architxtural significance are preserved
<br />and maintained for the benefit of future generations; and
<br />WHEREAS, the North Carolina General Assembly has enacted the Historic
<br />Prese~vatioa and Conservation Agreements Act validating restrictions, easements, covenants,
<br />conditions or otherwise, appropriate to the preservation of a structure or site historically
<br />significant for its architectural, archeological or historical associations.
<br />NOW, THEREFORE, the Grantee hereby agrees that the Subject Property shall be
<br />and shall permanently remain subject to the following agreements, easements, covenants and
<br />restrictions:
<br />1. These covenants may be enforced by the Fund and its legal successors or its
<br />assigns a, set forth hereirrbelow, and by the Foundation and its legal successors, and its
<br />assigns as sei forth hereinbelow, as well as by all other persons, fuYrrs or corporations that
<br />may, by operation of law, have the right to do so, and these covenanu shall be adminisured
<br />solely by the Foundation and its legal successors, or iu assigns as set forth hereinbelow; and
<br />in all subsequent conveyances of Subject Property, the Foundation, its legal successors, or its
<br />assigns as set forth hereinbelow shall be the sole party entitled to administer these covenants.
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