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I will prepare a legal description of the Property based on the survey that I understand is <br /> now being prepared specifically for this transaction. The legal description will be used to <br /> describe the Property in the Warranty Deed of Conservation Easement(the "Easement Deed"). <br /> The Easement Deed was drafted, negotiated and executed prior to my involvement in this matter <br /> Closin <br /> I will conduct the closing on the Easement. The closing can occur in my offices or <br /> another location that works better for the parties. The County agrees to wire the closing funds <br /> into my trust account prior to the closing. I will make every effort to provide the County with a <br /> draft of the settlement statement no less than 24 hours prior to the closing date. Following the <br /> closing, I will update title and record the new plat and Easement Deed in the office of the <br /> Register of Deeds and prepare a final title opinion and deliver the same to Investors Title for <br /> issuance of the title insurance policy. <br /> Legal Fees & Expenses <br /> This engagement is specifically limited to: (1) performing the title search; (2)preparing <br /> the title opinion; (3) procuring title insurance;(4)disusing any title issues discovered during the <br /> title search with you; (5) recording the documents listed above; and (d) conducting the closing. <br /> Please be aware that additional work necessary to complete the closing, such as attempting to <br /> resolve significant title defects, may require work beyond the scope of this letter and in excess of <br /> the"not to exceed"amount listed below. In the event the County requires representation prior to <br /> closing or additional legal work not referenced in this letter becomes necessary (such as work <br /> associated with clearing any title defects), then I will perform such work at the County's specific: <br /> request under an amendment to this agreement at our normal hourly rates <br /> My fees for performing the legal work outlined herein are as follows: (1) $85.00 dollars <br /> per hour for the services of my firm's real estate paralegal who will collect the necessary <br /> documents from the office of the Register of Deeds and otherwise assist me with this matter; and <br /> (2) $235.00 per hour for all work I perform. The fees due under this agreement will not exceed <br /> $3,500.00. <br /> I will begin work on this transaction as soon as I received an executed copy of this letter <br /> agreement from the County. Please understand that I must charge for all work performed even if <br /> this transaction fails for any reason. <br /> Please do not hesitate to contact me with any questions or concerns regarding this letter. <br /> I look forward to working with you on this transaction. <br /> cerel <br /> ri . errell <br /> HE FIRM <br /> kennon craver,pfic <br /> 4011 university drive.suite 300,Aurhorn,»c 27707 • Posl office box 51579.durhnni. 2-1-1.579 <br /> TELEPHONE 919 490 0500.FAX 919 490 0873 • wwuk ken noncnnvr.cou, <br />