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~ ~ Local Office:
<br />~~ . ~ ~v~stQ~s 1~~ ce Com,~any 1
<br />e P.O. Drawer 2687
<br />Chapel Hill, North Carolina 27515-2687
<br />(919) 968-2200. (800) 326-4842 Fax: (919) 968-2235 - -
<br />State of North Carolina, Cotinty of Oian~e
<br />AFFIDAVIT REGARDING LIENS
<br />(Seller to execute if sale; Borrower to execute if refinance;
<br />AND General Contractor, iF any, to execute)
<br />On this day of ,.before me personally appeared Orange County,
<br />1~Iorth Carolina >;y Barry Jacobs, Chair of .its Board of Cotntaissioners
<br />,:Owner. of the property,. arr
<br />..• ,General Contractor, to m
<br />tome personally known, who, being duly sworn on their oaths, did say as follows:'(as indicated by checking the appticabfe boz)
<br />^ (a) No recent impcvvements:. Seller/Borrower states there has been no work, labor or materials for repairs, additions or improvement
<br />made, ordered or contracted to be.made on or to the premises, within 12() days from the day hereof, nor are there any improvements o
<br />fixtures attached to the premises which have nut been paid for in full; and that there are no outstanding or disputed. claims for any sue;
<br />.work ar items.' -
<br />Q (b) Construction or repairs compleEerl within last 120 days: Seller/8arrower and General Contractor (if any) certify. that all of the
<br />persons, firms and corporations, except.those whose names, if any, appear on the Waiver of Liens section of this Affidavit, including the
<br />General Contractor and all subwntractors, who have Furnished services, labor or materials, according to plans and specifications, or extr
<br />items; used in the construction or repair of such improvements, have been paid in full, that there are no mechanics' or materialmen's lien:
<br />against said property and na daims outstanding which would entitle the holder thereof to claim alien against the property (except those
<br />claims, if any, which are waived_by the Waiver of.Liens section of this Affidavit) and that such construction or repair has been full•
<br />completed and accepted by the owner,, or if.not fully completed and accepted by the owner, that all persons, firms and corporations, whc
<br />Have furnished services, labor or materials used in such construction or repair have been paid in full or have executed the Waiver of Lien:
<br />,section. The General Contractor hereby waives and releases his right to file a mechanics' lien.against the property.
<br />Q (c) Construction contemplated but not commenced: Seller/Borrower afid General Contractor (if any) hereby certify that no services
<br />labor or material have been performed or furnished and no construction has taken place at the time of or prior to recording of the Deei
<br />of Trust executed or to be exeeuEed as security for the loan to'finance construction of improvements/repairs. Construction as used hereir
<br />means to build, efiec;, alter, repair or demolish any improvement upon, connected with, or on or beneath the surface of the property; o'
<br />to excavate, clear, grade, fill or landscape the property; site preparation;. offsite construction (including grading or paving of streets anc
<br />instal{ation of utilities); and delivery of building materials or construction equipment to the, property. Seller/Borrower and Genera
<br />Contractor (if any) hereby agrees that the Deed of Trust shall .constitute a first lien for all amounts which have been or may be advancee
<br />thereunder and subordinates to the Deed of Trust any lien, claim of.lien or other interest whatsoever which General Contractor or anyone
<br />claiming through it might have in the property.
<br />~Q (d) Construction in progress and not completed: Seller/Borrower and General Contractor.. (if any) hereby. certify that prior fo the
<br />. recording of the Deed of ?rust as security for the loan to finance conshructiort of improvements or repairs, certain materials for the
<br />property had been furnished and/or laticir performed.by those persons, firms or corporations whose names appear on the Waiver of Lien
<br />section of this Affidavit. Seller/Borrowe:r_and General Contractor (if any) hereby agrees that the Deed of Trust. shall constitute a first lien.
<br />for all amounts which have been or may be advanced thercurider and subordinates to the Deed of Tnist any lien, claim of lien or other
<br />interest whatsoever which General Contractor or anyone claiming through it might have in the property.
<br />This AlFdavit is given to induce Investors Title:Insurance Company to issue its title insurance policy or policies,-knowing it will rely on the
<br />accuracy of the statements herein made. The undersigned further agree(s) and do(es) hold harmless, attd fully indemnify Investors Title
<br />Insurance Company for any losses or expenses it may incur by reason of its reliance on the accuracy of the statements made herein.
<br />The real estate (and improvements) referred to herein is situated in the County of Orange ,State of
<br />North Carolina, and is briefly described as:
<br />Form No. NC-514 (Acv. 9/2t~0)
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