Orange County NC Website
- . •142 <br /> 5. The Buyer agrees that it will deliver to a site located on <br /> adjacent property owned by the Sellers, said site to be designated <br /> by the Sellers and to be accessible by motor vehicle, an unspecified <br /> amount of hardwood cut into lengths of no greater than six feet, <br /> said hardwoods to be at least pix inches in diameter. The hardwoods <br /> that are referred to in this paragraph are those that it will be <br /> necessary to remove in the course of construction of any necessary <br /> roads on the above-described tract or parcel of land incident to the <br /> construction of a public school building. <br /> 6. The parties agree that this sale and purchase of the <br /> above-described property is conditioned upon one of the following <br /> stipulations or conditions obtaining, which stipulation or condition <br /> shall be binding and enforceable against the Buyer, or its <br /> successors in title, for a period of twenty (20) years from-,..,and <br /> after the date of closing. After expiration of said twenty (20) <br /> year term, said restriction of condition shall become null and void; <br /> provided, Buyer, or its successors, shall afford David H. Blackwood <br /> (if he shall be living) , the "right of first refusal" of any bona <br /> fide offer to purchase said property which the Buyer or its <br /> successors is prepared to accept. Said stipulation or condition <br /> shall be set forth in the General Warranty Deed to be executed by <br /> the Seller to the Buyer at closing. The stipulations or conditions <br /> li are as follows: <br /> (a) That the Buyer will purchase the entire above-described <br /> tract of land with the restriction set forth in the <br /> General Warranty Deed that the parcel may not be <br /> subdivided for sale by the Buyer, or its successors in <br /> title; or <br /> 3 <br /> I <br />