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,q-~,.,~.~ a <br />KW Commercial-Chapel Hill <br />1616 East Franklin Street <br />Chapel HIII, NC 27514 <br />Phoney 819.961-1961 <br />dmorgan@kwcommercial.com <br />4eiitroa:• <br />Co,a~nsrefatAUtsnca <br />au®• North CaroJtne Asson(etion <br />otREALTQRSt <br />AGREEMENT FOR PURCHASE AND SALE <br />OP REAL PROPERTY <br />THIS AGREEMENT, including any and all addenda attached hereto {nAgeement'~, is by and-between <br />Orange County, NC <br />a(n) County of NC ("Buyer', and <br />(individual or State of formation and type of entity) <br />NCLA Properties, LLC <br />a(n) NC Limited Liability Comnan~± ("Seliei")r <br />(individua! or State of formation and type of entity) <br />FOR AND IN CONSIDERATION OF THE MIFfUAL PROMISES SET FORTH HEREIN AND OTHER GOOD AND VALUABLE <br />CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES <br />HERETO AGREE AS FOLLOWS: <br />Section 1, Terms cad Definitieas: The terms listed below shall have thescspeettve meaning given them asset forth adjacent to each <br />term. , <br />(a) "Proaerty": (Address) <br />210 HiRsboroutth Rd.. Garrboro. I+1C 27610 <br />(~ All r A portion of the property in Deed Reference: Book 4261 Page No. 177 <br />Orange Count;; consisting ofapproximately 2.691 Beres. ' <br />Plat Reference: Lots) 3 ,Block or Secton as shown on Plat Book or SIide <br />402 at Page(s)$7 ,Orange County, consisting of <br />acres. ' <br />(~ Tf this box is checked, "Property" shall mean that property descrilaed on Eshihit A attached hereto and incorporated herewith <br />by reference, <br />(For information purposes, the tax parceFnumber of thcProperty is: ) <br />together with all buildings and improvements thereon and all fixtures and appurtenances thereto and ail personal property, if any, <br />itemized nn Exhibit A. <br />S 610,000.00 (b) "Purchase Price" shall ~esn the sum of <br />Six Hundred Ten Thousand point Zero Zero <br />Dollars, payable on die joHowing terms: <br />$ 25,000.00 (i) "Earnest Money" shall mesa <br />Twenty Five 73tousand point Zero Zew <br />Dollars or terms as follows: <br />Prior to the: expiration of Ehe Examinat7on Period, Buyer shall have the right to extend the <br />Examination Period for an additional- 120 days by paying $10,000.00, anon-refundable <br />"Examination Extension Fee", payable directly to the Seller instead of the Escrow Agsnt. <br />The Examination Extension Fee will be applied against the Purchase Price at Closing along <br />with any Earnest Money Deposits. <br />Upon this Agreement becoming a contract in accordance with Section 14, the Earnest Money shad be <br />promptly deposited in escrow with i=onyille Morisey Realty <br />(name of person/entity with whom deposited), to be applied as part payment of the Purchast price of the <br />Property at Closing, or disbursed as agreed upon under the provisions of Section I O herein. <br />® This form jointly approved by: page 1 of 7 ttt~ STAA'DARD FORRi 560-T <br />North Carolina Bar Association ~ Revised 72008 <br />North a Association of REAL Inc. .,,,.,~,,.,, ®72009 <br />REALIOA6 ~ areaea>tn. <br />PAEPAREDBY W.Dnid Morgan, 101I01S61010:N:50 A.M <br />Rnv'r inifi 1. ./ Setiet initialx ~ n.,tt,a t.M. mein Rrelfs.2(L,. SellxuReai~,s• Olrire Mvurzet. KN+Cemnlstifl•mutel Nid <br />