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11 <br />The approximately 13 acres of land and any improvements thereon, <br />together with the easement for ingress, egress and regress described in Exhibit <br />B hereto (hereafter "the Easement") which land, including the Easement, is <br />illustrated on the GIS map that is Exhibit A hereto. The Property is identified <br />as part of Orange County P.I.N. 9854 -70 -2643, Orange County tax map 3.51..3 <br />and Orange County P.I.N. 9853 -79 -7619, Orange County tax map 3.51.3H. <br />The Easement is located on Orange County P.I.N. 9853 -79 -7619, Orange <br />-- .._p.... _. ................. ... . ........... ..... <br />......:. - <br />Coun tax ma 3:5�._.3H <br />THE TERMS AND CONDITIONS OF THIS AGREEMENT ARE AS FOLLOWS:. <br />1. PURCHASE PRICE: The purchase price for the Property shall be ONE <br />HUNDRED AND FORTY THREE THOUSAND 00 /100 DOLLARS ($143,000). The <br />purchase price shall be paid by payment in cash at the closing. <br />2. TITLE: Title to the Property will be delivered to Buyer at closing by a <br />General Warranty Deed from Seller, made to Orange County, North Carolina, which shall be <br />fee simple marketable title, free of liens, encumbrances, easements, restrictions, rights and <br />conditions, including, but not limited to, any promissory note, mortgage, deed of trust, real <br />estate contract, right of first refusal, or option to buy, other than current property taxes and <br />rights, reservations, covenants, easements, conditions, and restrictions of record as of the <br />effective date of this Agreement that do not materially affect the value of the Property or <br />unduly interfere with Buyer's intended use of the Property, which exceptions must be <br />approved in writing by Buyer ( "Permitted Exceptions "). The deed conveying the Property <br />shall be on a North Carolina Bar form General Warranty Deed or such other deed form as is <br />approved by Buyer. The Property description in the deed shall conform to the survey of the <br />Property to be prepared as prescribed in paragraph 4(a) of this Agreement. <br />3. EVIDENCE OF TITLE: Buyer will have title to the Property examined, and if <br />applicable, obtain a preliminary title insurance commitment on the Property. The title <br />examination and /or commitment must evidence Seller's ability to deliver title at Closing as set <br />2 <br />