Orange County NC Website
Browse       Search
DocuSign Envelope ID:8C374B87-5E13-4545-B092-5C1BD8C3AFCD <br /> FRAUDULENT. DO NOT SEND ANY FUNDS AND CONTACT OUR OFFICE <br /> IMMEDIATELY. FAILURE TO FOLLOW THIS PROCEDURE ENDANGERS YOUR <br /> FUNDS. <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 (if available); (4) disusing any title issues <br /> discovered during the title search with you; (5) recording the documents listed above; (6) <br /> preparing the settlement statement and (7) conducting the closing. Please be aware that <br /> additional work necessary to complete the closing, such as attempting to resolve significant title <br /> defects, significant work related to locating heirs or resolving estate issues related to the property <br /> in the chain of title, etc., may require work beyond the scope of this letter and cost in excess of <br /> the fee listed below. In the event the County requires representation prior to closing or <br /> additional legal work not referenced in this letter becomes necessary (such as work associated <br /> with clearing any title defects and resolving estate issues), then we may perform such work at the <br /> County's specific request under an amendment to this agreement at our normal hourly rates. <br /> Our fee for performing the legal work outlined herein is $3,500.00 payable in full at the <br /> closing. The flat fee is the entire payment for the work outlined herein regardless of the amount <br /> of time that it takes to perform the work. The flat fee will be earned by us immediately upon <br /> payment and will be deposited in our business account rather than a client trust account or, if the <br /> wire containing the flat fee includes other client funds (recording fees, title insurance premiums, <br /> etc.) and is initially deposited into our trust account, the flat fee will be immediately transferred <br /> to our business account; and when our representation in this matter ends, the County will not be <br /> entitled to a refund of any portion of the flat fee unless (1) the closing is not completed, in which <br /> event a proportionate refund may be owed, or (2) it can be demonstrated that the flat fee is <br /> clearly excessive under the circumstances. In addition to the foregoing flat fee, the County will <br /> be responsible for payment of any expenses incurred by our firm in connection with the closing <br /> such as express mail charges, and wire fees each and all of which will be set out on the <br /> settlement statement at closing. The County will also be responsible for other typical costs of <br /> closing such as recording fees and survey expenses. We will begin work on this transaction as <br /> soon as I receive an executed copy of the associated Services Agreement from the County. <br /> Please understand that we must charge for all work performed even if this transaction fails for <br /> any reason. <br /> Please do not hesitate to contact me with any questions occ„6-ii-cerns regarding this letter. <br /> I look forward to working with you on this transaction. <br /> cerely, <br /> 1 <br /> >erre 1 <br /> •-11-IE FIRM <br /> // <br /> 3 <br /> kennon cmver,pile <br /> 4011 unfoorwy(Moe, cum,300,((wham, nc 27707 post office box 51579,dun/am, oc 277172579 <br /> TELEPHONE 919 490 0500, FAX 919 4 90 0373 tevu,kcn nom raver corn <br />