Agenda - 05-14-1996 - IX-G - Laserfiche WebLink

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i 3 Seller's Notice Address: Seller's Notice Copy Address: Stephen L Manton.agent None ESM Associates Post Office Box 4523 Chapel Hill,NC 27515 Purchaser's Notice Address: Purchaser's Notice Copy Address: County of Orange Geoffrey E. Gledhill Director of Purchasing and Central Services Coleman, Gledhill& Hargrave,P.C. Post Office Box 8181 129 E.Tryon Street Hillsborough,NC 27278 Post Office Drawer 1529 Hillsborough,NC 27278 1.AGREEMENT TO SELL (a) Seller agrees to sell and convey,and Purchaser agrees to buy the "Subject Premises". (b) The "Subject Premises" is comprised of the following elements: (i) the parcel of land located in the municipality,county and state designated in the Contract Schedule and situated as described in Eahhbit A; (iii) any buildings,structures and improvements located on the land described in Exhibit A now or before the Closing Date; and all trees and shrubs located on the land described in Eahhbit A now or before the Closing Date; , (iii) all rights of way or use,riparian rights,water rights,easements,and hereditaments benefitting or appurtenant to any of the foregoing; and the rents, issues and profits of the land described in Exhibit A; (iv) all right,title and interest of the Seller to any land lying in the bed of any street, alley, or road (open or proposed) abutting the land described in Exhibit A; (v) all awards arising from a taking pursuant to the right of eminent domain with respect to the land described in Exhibit A including any award for interference, obstruction or change of grade of abutting streets,alleys,or roads; (vii) all causes of action with respect to the foregoing and any recoveries therefrom; and (viii) the entire estate,right,title,interest,possession,claim and demand of the Seller therein. (c) Exhibit A is attached to and is a part of this Contract. 2. THE PURCHASE PRICE (a) Purchaser agrees to pay the "Purchase Price"designated in the Contract Schedule to Seller. (b) The Purchase Price shall be paid as follows: On the Closing Date,Purchaser shall pay the amount indicated as"Closing Payment"in the Contract Schedule to Seller by Purchaser's check,certified check or official check of a bank or trust company. 3. SELLER'S REPRESENTATIONS AND COVENANTS (a) Seller represents and warrants as folwm- (i) Seller is the owner of the Subject Premises. (iii) Senor has the full right and authority to execute this Contract and consummate all of the transactions contemplated by this Contrail. (iii) (1)The Subject Premises are free and dear of all'Title Defects"except as may be set forth on Exhibit C. Exhibit C is attached to this Contract and is a part of this Contract. 2