Agenda - 06-21-2011 - 8e - Laserfiche WebLink

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~X t~T~3i 1 ~ R:EItLYORS` Co7inmercil~lattiance nEAtror:• N©rtii Carolina Assocfatlon of REALT4RSo AGREEMENT TO AMEND CONTRACT yrancre bounty Nt ('.Buyer„) aad __ t+7.C..L.A. Properties LLC, ("Seller"} have entered into an Agreement for Purchase and Sale oflteal Property (Form 580-T) ("Agreement's with respect to the purchase-and sale of the folio~ving property: 210 Sillsborough Roarl, Garrboro, NC 27510 ("Property"), Buyer and Seller hereby agree that the Agreement is modified as folio-vs (7f the box is checked, the provision applies): Upon written notice 3o Seiler and the payment of S 10F OO~t). g0 in each instance prior to the then expiration ofthe Exarninat7on Period, Buyer -shall have the right to extend the Examination Period Q~s time(s) for a per[od of 1 ~ 0 -days in each instance. (cheek gnly one of the betorv nvo box~s)- Amounts paid pursuant to ihls provision shall be applicable to the- Purchase Price, shalt be-treated as Earnest Money under the terms of tht Agreement and shall be refundable to Buyer 1n the event of a rerminatlon of the Agreement pursuant to Section 6(e) of the Agreement; Q Amounts paid pursuant to this provistomshall ~ be applicable to the Purchase Price, shall be non-refundable and shall be paid directly to the Seller and become the property of Seller upon payment 6yBuyer. Upon written notice to Seiler and the payment of S in each instance not later than ten (i t)) days prior to the then scheduled Closing, l3uycr shall have the right to extend the date of Closing time(s) for a period not. to exceed days in each. instance. (check only ane ofthe below hvo boxes) ^ Amounts paid pursuant to this provision shalt be applicable to the Purchase Price, shall be treated as Earnest ivtoney under fife terms of the Agreement and shaii be refundable !a Bayer in lice event of a termination of the Agreement pursuant ta. Se~ion bje) of the Agreement; ~ Amounts paid pursuant to this provision shall not be applicable to the Purchase I?rlee shall be clan-refundable and shall be paid directly to the Soller,and become the-property of Seller upon payment by Buyer. Except as modified herein, the }~greetnent reanains enforceable in accordance aviti3 its tenor as originally set forth. BUYER: Iudividual Orange Coun£y NC Date: Date: SELLER: Individual N.C.L.A. Properties LLC Date: Data: Page I of 2 .North Carolina Assoctatton of REALTORS®, Lnc, rte rotz• Fonville Moriscy ltcatly 1304 Highway S4 ~YeaE Durham, HC 27707 Phoae:(9I9}403-1241 Pax: (919}595-3994 Logan C*rler Producetl Mdth zipFonn'Aby rlptngk~ tA02Q FiRein.Mils Reid, inasc, MirNy~n /803a xwbr zbt~ mm STANl?ARD FORM 583-T Adopted 1lZOil 7/2011 NCLA Land 10