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OFFER TO PURCHASE AND CONTRACT
<br />Oran a Count North Carolina
<br />upon acceptance tance ohasrand d1r net abri,"
<br />upon acceptance of mid offer, agrees to sell and convey, all of that plot, piece or parcel of land described below, together with all improvertvenq
<br />located therzvn and such personal property as b listed below (the real and Pe monal property are collectively referred to as "the Pmperty''). in
<br />accordance with the Standard Provisions on the REVERSE SIDE HEREOF and upon the foil
<br />I. REAL PROPERTY: Located in xjoily4E owing terms and eonditiom:
<br />State of North Carolina, being known a5 and more particularly described as: • County of Oranges,_
<br />Street Addrns Frazier Road
<br />Legalfkscnption PIN #9835-41-021 T a 12 Zip
<br />2. PERSONALPROPER•IY: NO n2
<br />S, PURCHASE PRICE: The purchase price is s
<br />(a) f N A •. —., —� and shall be paid as follows:
<br />,in earnest money paid by cash; bank. certified, or personal check)
<br />with the delivery of Ellis contract, to be held in escrow by
<br />as agent,
<br />until the sale is closed, at which tittle it will be credited to buyer, or until this contract is otherwise terminated and it 6
<br />disbursed in accordance with the Standard Provisions on the REVERSE SIDE HEREOF;
<br />(b) f N A ,by assumption of the unpaid principal balance and all obligations of Seller on the ek6ting loan secured by a deed of trust
<br />on the Property:
<br />.by a promissory note secured by a purchase money deed of trust on the Property with interest prior to default at the rate of
<br />%v per annum payable as follows:
<br />Prepayment restrictions and /or penalties, if any, shall be:
<br />Assumption or transfer rights. if any, shall in:
<br />(d)S-12-1500-00 — the balance of the purchase prite in cash at closing.
<br />4. CONDITIONS: (State N/A in each blank of paragraph 4(a) and 4(b) that u not a condition to this contract.)
<br />I.) The Buyer must be able to obtain a fine commitment on or before effective through the date of closing,
<br />fora N./�_• _ loan in the principal amount of s
<br />rate not to exceed �-- for a term of �[� year(a), at an :merest
<br />% per annum, with mortgage Ivan discount points not to exceed --NJ-A—% of the loan amount. Buyer agrees to use his best
<br />efforts to secure such commitment and to advise Seller immediately upon receipt of the lenders decision. If Seller is to pay any loan closin castes, those as
<br />areas follow.: g
<br />(b) The Buyer must be We to assume the unpaid principal balance of the existing loan described in paragraph s(b) above for the remainder of t
<br />loan tens, at an interest rate not to exceed N
<br />% per annum fixed (or describe type of Icran)_N he ,�� •_
<br />With mortgage loan assumption and /or discount points not to exceed --NJ—A— r,� % of the I-an balance. (See Standard Provision No, 2). If such assumption
<br />rrtlnnrea thr lenders approval, approval must Ile granted on or before N/A
<br />secure such approval and m advise Seller immediately upon his receipt of the lender's decision. If Seller is to pay any Buyer
<br />oanassumption eosin those costa
<br />arc as follows:
<br />(c) There muu be no restriction, easement, zoning or Other governmental regulation that would prevent the reasonable use of the real property for
<br />5, ASSESSMENTS: Seller warrants that there arc no special asse�nenta, either pending or confirmed, for sidewalk, paving, pub•
<br />other improvemenuonoradjoiningthe Property, except as follows: None known P erg, water• sewer ar
<br />(Insen "Nom" or the identification of such assessments• if any. The agreement
<br />for payment or proration of any assessments indicated is to be set forth in paragraph 6 below.)
<br />6. OTHER PROVISIONS AND CONDITIONS:
<br />(a) All of the Standard Provisions on the REVERSE SIDE HEREOF are understood and shall apply to Ibis instrument. except the following numbered
<br />Standard Provisions shall be deleted: (If none are to be deleted, state "None ".)
<br />IF THERF ARE ANY ADDENDA TO THIS CONTRACT. INDICATE ABOVE AND ATTACH HERETO,
<br />7. CLOSING: All parties agree to execute any and all documents and papers necessary in connection with closing and transfer of title on or
<br />before A cnnrl me_ nS51b_l,.P
<br />p . at a place designated by
<br />upx-
<br />The deed is to be made to I N Car
<br />8. POSSESSION: Possessionshallbedelivered ra e• Co. r
<br />In the event that Buyer has a p N.C.
<br />ye greed that ion is not delivered at closing, then Srllec agrees to pay to Buyer the sum off N IL per day from
<br />and including the date of closing to and including the date that possession is to be delivered as above set forth.
<br />9. COUNTERPARTS: This offer shall become a binding contract -hen signed by both Buyer and Seller. It is to be signed in a
<br />counterparts with a signed counterpart being retained by each party hereto and the escrow agent, if any.
<br />UtcHLVG�• r
<br />Buyer 5 PAR ER /b /a
<br />Moses C rev Jr hairman L) seuer �� SEAL)
<br />Oran a o. boa o C ffim4 }one (� Robert Gary Phillips, partner
<br />Sell e , Qp as Swansea .� iisn t SEAL)
<br />rtner
<br />A �j y , e "el' er�l nest c le ern c or and a Ea r a 6u amt m actor me wn to n ,t
<br />Dare York the ��. odllilmxsfoners
<br />Firm
<br />Name of Selling Agent/ Firm
<br />Name of Listing Agern /Finn
<br />N.C. Bar Assoc. Form No. 2, 9) 1987.
<br />s^ased M Mterrren with the N.C. Bar Iwrnc. _ t9Bt,
<br />lasws wllliarra 6 Ca. IM, r Alm 177 • Yxtlk.wAge, N C. 27055
<br />This standard Form has been approved Jointly by the:
<br />NORTH CAROLINA BAR ASSOCIATION
<br />NORTH CAROLINA ASSOCIATION OF REALTORS° , INC.
<br />
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