2000 S ERCD - Little River Regional Park and Natural Area Exercise of Option to Purchase

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(e) This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective beneficiaries,heirs,personal representatives or successors and permitted assigns. (f) As used in this Agreement,the masculine shall include the feminine and neuter, and vice versa;the singular shall include the plural and the plural shall include the singular, as the context may require. (g) Neither the waiver by any of the parties hereto of a breach or a default under any of the provisions of this Agreement, nor the failure of any of the parties on one or more occasions, to enforce any of the provisions of this Agreement, or to exercise any right or privilege hereunder shall thereafter be construed as a waiver of any subsequent breach or default of similar nature, or as a waiver of any such provisions, rights, or privileges hereunder. (h) This Agreement may not be assigned by Buyer without the prior written consent of Seller. (i) If any provision herein contained which by its nature and effect is required to be observed,kept or performed after the closing,it shall survive the closing and remain binding upon and for the benefit of the parties hereto until fully observed, kept or performed. 11. CLOSING: All parties agree to execute any and all documents and papers necessary in connection with the closing and transfer of title to the Property on or before October 31, 2000 in Durham, North Carolina ("Closing Date"). 12. POSSESSION: Possession of the Property shall be delivered at closing. IN WITNESS WHEREOF, the parties have hereunto set their hands and seals, the day and year first above written. BUYER: COUNTY OF ORANGE, NORTH CAROLINA By: JO H . LINK., JR., Ora 7ge o unty Manager ATTEST: z 64 94�A v 77777; BEVERLY LYTHE, C4erk to the // Board of Commissioners �� ' �