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2014-545-E DEAPR - Kennon Craver, Attorney for legal services for researching the title for approximately 55 acres owned by Dwight and Betty Compton (Cedar Grove Township) $3,104
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2014-545-E DEAPR - Kennon Craver, Attorney for legal services for researching the title for approximately 55 acres owned by Dwight and Betty Compton (Cedar Grove Township) $3,104
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10/24/2014
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R 2014-545 DEAPR - Kennon Craver, Attorney for legal services for researching the title for approximately 55 acres owned by Dwight and Betty Compton (Cedar Grove Township) $3,104
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2014
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DocuSign Envelope ID: 5EB4COE7- lD3E- 467D- 802F- D3241034lC49 <br />KENNON <br />William A Anderson, III <br />Gwendolyn C Brooks <br />rr11 <br />pLGc <br />Joel MOwig <br />ATTORNEYS AT LAW <br />G Rhodes Craver <br />James R Bisthom <br />Bruin jV Ferrell <br />William THutchins, Jr <br />Benjamin B Ingold <br />Katherine L McKee <br />henry W Sappenfteld <br />Lcisif P Vaned <br />A William Kennon, Of Counsel <br />February 18, 2014 <br />Mr. Rich Shaw <br />Orange County, North Carolina ERCD <br />P.O. Box 8181 <br />Hillsborough, North Carolina 27278 <br />RE: Engagement For Legal Services: Title Work associated with Orange County's <br />Potential Purchase of Property From Dwight & Betty Compton <br />Dear Rich: <br />Thank you for contacting me regarding Orange County's need for title work in the above <br />referenced matter. 1 am pleased to assist the County with the title work described below, if <br />agreeable to the County, this letter establishes the terms of our engagement, <br />Title Search & Title Insurance <br />I will a title "update search" on the approximately 55 acres of land that the Compton's <br />own in Cedar Grove Township (the "Property "). I understand that the Compton's are <br />considering selling this land to the County, As we discussed, our title update search will begin <br />on the date of the last title insurance policy procured by the Compton's, which was in 2004. We <br />will not search the public records prior to 2004 and the County will be relying on the existing <br />title insurance policy to identify title defects prior to 2004. We have recommended the County <br />consider a "full search" of no less than 30 years of the public records. However, given the <br />relatively complicated status of the existing title (i.e. land passed down through multiple <br />generations and subdivided a number of times) and the estimated cost of a full title search, the <br />County has requested we provide the limited update title search described herein. The update <br />search will still require extensive work due to the number of "less and except" tracts contained in <br />the existing title insurance policy legal description and the number of conveyances associated <br />with the current owners. <br />1 <br />4011 university drive, suite 300, durham, ne 27707 • post off ce box 51579, durham, nc 27717-157P <br />TELEPHONE 9194900500 FAX 91949048;3 • ww:u.kennoncraver.coin <br />
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