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DocuSign Envelope ID: DE4F521E-E6D8-41DD-806B-3A6D6CO3C608 <br /> KENNON CRAVER <br /> WI Win A Anderson, <br /> Gwendolyn C B)ooks* <br /> Joel,41 Craig <br /> ATTORNEYS AT LAW <br /> G Rhodes Cramer <br /> _lapin I?Lersthom <br /> Brian M Ferrell <br /> T Hutchins,Jr'"` <br /> Deborah A.44(Del matt <br /> Katherine L McKee <br /> l-le,ny W Sappenfield <br /> P <br /> A Witham Kennon, Retired <br /> a130,-nil Confiecl Specialist in <br /> Erntir Planning 6--Pro/are Law June 17, 2016 <br /> **Board Centrfind S'prinzlnt in Real Property tarn, <br /> BusIneds, Cannnel nal.and Worm fal Tansartrons <br /> Mr. Rich Shaw <br /> Orange County Land Conservation Manager <br /> P.O. Box 8181 <br /> Hillsborough, North Carolina 27278 <br /> RE: Engagement For Legal Services: Purchase of Conservation Easement from Robert H. <br /> Pope and wife, Gail Sutton Pope <br /> Dear Rich: <br /> Thank you for contacting me regarding Orange County's need for legal assistance in the <br /> acquisition of the above referenced conservation easement (the "Easement"). We are pleased to <br /> represent Orange County in this transaction. If agreeable to the County, this letter establishes the <br /> terms of our engagement. <br /> Title Search & Title Insurance <br /> The property to be encumbered by the Easement is identified as being an approximately <br /> 73.05 acre portion of the parcels having Orange County PINs 9859-01-9289 and 9857-39-3767 <br /> (collectively the "Property"). We will perform a title search on the Property. If a prior title <br /> insurance policy can be located, then we will conduct a limited title update search. The update <br /> search will begin on the date the existing title insurance policy was issued (the "Beginning Search <br /> Period"). We will not review title documents prior to the Beginning Search Period and we will not <br /> identify title defects that occur prior to that date. However, the County will be insured against earlier <br /> title defects via the title insurance policy we will procure on behalf of the County. If a prior title <br /> insurance policy is not located, then we will conduct a search of no less than 40 years. We will <br /> provide the County with a preliminary title opinion on forms prescribed by Investors Title Insurance <br /> Company containing the results of the title search in advance of the closing. We will apply for a title <br /> insurance policy from Investors Title in the amount of the consideration exchanged for the easement. <br /> Assuming title is insurable, we will obtain a title insurance policy in favor of the County in this same <br /> amount. The County will be responsible for the payment of the title insurance premium at closing. <br /> Please be aware that matters of zoning and environmental hazards are not included in a <br /> standard title search. Please notify me immediately if you require additional information or <br /> assistance concerning these two issues. Zoning laws affect setbacks and use requirements to name a <br /> few. Environmental hazards include, but are not limited to, the existence of radon gas, lead-based <br /> paint, underground storage tanks and asbestos. <br /> 1 <br /> 4011 university drive,state,300, durharn, ac 27707 • post office box 51579,durham, nc 27717-1579 <br /> TELEPHONE 919 490 0500 FAX 919 490 0873 • www kennoncraver com <br />