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<br /> THIS DEED, made this Co day of 198 , by and
<br /> between FEDERAL PAPER BOARD COMPANY, INC. , a New fork corporation with
<br /> one of Its places of business In Columbus County, North Carolina, party of the
<br /> first part, and BUCK MOUNTAIN DEVELOPMENT COMPANY, a North Carolina
<br /> General Partnership, with its principal offices in Orange County, North Carolina,
<br /> party of the second part, whose address ie 910 Airport Road, Cltapal Hill., North Corolla
<br /> 275
<br /> WITNESSETH:
<br /> THAT the said party of the first part, for and In consideration of the sum
<br /> of ONE ($1.00) DOLLAR, and other valuable considerations to it in hand paid by
<br /> the said party of the second part, the receipt whereof is hereby acknowledged,
<br /> has given, granted, bargained and conveyed, and by these presents does hereby
<br /> give, grant, bargain, and convey and confirm unto the said party of the second
<br /> part, Its heirs, successors and assigns, forever, all that certain tract or parcel of
<br /> land lying and being in Bingham Township, County of Orange, and State of Nc
<br /> Carolina, bounded and described as follows:
<br /> BEGINNING at a concrete marker, said marker being located North 79 degrees
<br /> 00 mins. West 7.50 chains and North 8 degrees 00 mins. East 9.05 chains from the
<br /> point of Intersection of the centerlines of N. C. Highway 4i54 and N. C. Secondary
<br /> Road 01958, said point of intersection being located 8.5 miles West of Carrboro,
<br /> North Carolina as measured along N. C. Highway 4)54 and running thence from the
<br /> aforementioned concrete marker, the beginning corner, North 19 degrees 12 mins.
<br /> East 20.69 chains to a concrete marker; thence North 55 degrees 34 mins. West
<br /> 5.98 chains to a concrete marker; thence North 2 degrees 32 mins. West 22.36
<br /> chains to a concrete marker; thence North 0 degrees 51 mins. West 2.77 chains to
<br /> a concrete marker; thence South 83 degrees 26 mins. East 13.94 chains to a concrete
<br /> marker; thence North 6 degrees 34 mins. East 12..84 chains to a concrete marker;
<br /> thence South 83 degrees 26 mins. East 16.02 chains to a concrete marker; thence
<br /> South 6 degrees 37 mins. West 26.50 chains to a concrete marker; thence South 5
<br /> degrees 55 mins. West 34.38 chains to a concrete marker; thence North 84 degrees
<br /> 30 mins. West 23.94 chains to the beginning, containing 142.80 acres mcre or less,
<br /> and being the same tract of 1 nd surveyed for Riegel Paper Corporation, now Federal
<br /> Paper Board Company, Inc. , In November 1963, by Sidney V. Credle, Registered
<br /> Enginscr, plot of which survey is on record In Plat Book 13, Page IS, In the Orange
<br /> County Registry. Xis° the same tract conveyed to Riegel Paper Corporation, now
<br /> Federal Paper Board Company, Inc. , by deed dated December 30, 1963, recorded in
<br /> Book 196, Page 527, in the Orange County Registry.)
<br /> TOGETHER with and subject to the terms of the right-of-way agreement entered
<br /> into between Federal Paper Board Company, Inc, and Jack W. Crawford, Executor of
<br /> the Estate of Lula Wilson Crawford, dated September 8, 1976, recorded in Book 266,
<br /> Page 373, In the Orange Counly Registry. r— ,r----"'"47:7*
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