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OFFER TO PURCHASE AND CONTRACT
<br />Orange County, North Carolina a, Bu, _
<br />herebyoffrnto purchase and .whisnant /Phillips Partnership d /b /a White CrQ$,.$ artner514Rr
<br />upon acceptance of said offer, agrees to sell and convey, all of that plot, piece or parcel of land described below, together with all improvements
<br />located thereon and such personal property as is listed below (the real and personal property are collectively referred to as "the Property'). in
<br />accordance with the Standard Provisions on the REVMSE SIDE HEREOF and upon the following terms and conditions:
<br />1. REAL PROPERTY: LocatedinX40LXK Cheeks Township County of_ CrAnge .
<br />State of North Carolina, being known as and more particularly described as:
<br />Street Address Frazier Road Zip -
<br />LegalDescription __PIN #9835 -41- 0291,- Tax Map 12A, Bl9 _ck C,_LOt 1
<br />2. PERSONAL PROPERTY: None
<br />9. PURCHASE PRICE: The purchase price is S 12,500.00 and shall be paid as follows:
<br />(a) $ N/A ,in earnest money paid by (cash; bank, certified, or personal check)
<br />with the delivery of this contract. to be held in escrow by , as agent,
<br />until the sale is closed, at which time it will he credited to Buyer, or until this contract is otherwise terminated and it is
<br />disbursed in accordance with the Standard Provisions on the REVERSE SIDE HEREOF;
<br />(b) $ N/A by assumption of the unpaid principal balance and all obligations of Seiler an the existing loan secured by a deed of trust
<br />on the Property:
<br />(e) S N/A 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 />o per annum payable as follows:
<br />Prepayment restricrions and 'OT penalties, if any, shall be;
<br />Assumption or transfer rights. if any. shall be:
<br />(dl S 12 , 5 O O . O O the balance of the purchase price in cash at closing.
<br />4. CONDT-f'IONS: (State N, A in each blank of aarairraah 4,a) and 4(b) that is not a condition to this contract.)
<br />(a) The Buyer must be able to obtair a fir.. co c. =en: on or before N/A . effective through the date of closing.
<br />for a N/A loan in the principal amount of S N/A for a term of N/A years). at an interest
<br />rate not to exceed - N/A qi per annum, with mort¢a¢e loan discount points not to exceed N Z io 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 lender's decision. If Seller is to pay any loan closing costs, those costs
<br />are as follows: N/A _ . . _ __.- -_.... .
<br />(b) The Buyer must be able to assume the unpaid principal balance of the existing loan described in paragraph 3(b) above for the remainder of the
<br />loan term, at an interest rate not to exceed N/A To per annum fixed (or describe type of loan) _N I & _
<br />with mortgage loan assumption and ior discount points not to exceed NIA % of the loan balance, (See Standard Provision No. 2). If such assumption
<br />requires the lender's approval, approval must be granted on or before N . Buyer agrees to use his best efforts to
<br />secure such approval and to advise Seller immediately upon his receipt of the lenders decision. if Seller is to pay any loan assumption costs, those costs
<br />are as follows:
<br />(c) There must be no restriction. easement. zoning or other governmental regulation that would prevent the reasonable use of the real property for
<br />purposes.
<br />5. ASSESSMENTS: Seller warrants that there are no special assessments, either pending or confirmed, for sidewalk, paving, water, sewer Or
<br />other improvements on or adjoining the Property, except as follows: None known
<br />(Insert "None" or the identification of such assessments. if any. The agreement
<br />for payment or proration of anv assessments indicated is to be set forth in paragraph 6 below,)
<br />6. OTHER PROVISIONS AND CONDMONS:
<br />(a) All of the Standard Provisions on the REVERSE SIDE HEREOF are understood and shall apply to this instrument, except the following numbered
<br />Standard Provisions shall be deleted: (lf none are to be deleted, state "None".) 1 _ 2, _ 1 ,- % P , q a n A 11 -
<br />IF THERE ARE ANY ADDENDA TO THIS CONTRACT, INDICATE. ABOVE AND ATTACH HERETO.
<br />7. CLOSING: All parries agree to execute any and all documents and papers necessary in connection with closing and transfer of tide on or
<br />before AS -,nnn ;;s nos"SihlP .ata place designated b)• d O h,17er_._-
<br />Thedeedlstobemaeto ran e n North Carolina will be preRared -hy Orange. Co.,
<br />B. POSSESSION: Possession shall be delivcrcd , N. C
<br />In the event that Buyer has agreed that possession is not delivered at closing, then Seller agrees to pay to Buyer the sum of $ N I A 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. COUNTERPART5: This offer shall become a binding contract when signed by both Buyer and Seller. It is to be signed in 3 o r i g i n a 1
<br />counterparts with a signed counterpart being retained by each party hereto and the escrow agent, if any.
<br />$� FVHLITE C P RT ER HIP Ta
<br />Buyer (SEAL) Seller _ _ _. __ _ _ (SEAL)
<br />Moses Carey Jr. airm4n, Robert Gary Phillips, partner
<br />Oran a Co. oa d aComM_USA I onerC&T (SEAL)
<br />ATT�S� Sep� a Thomas Swan ea.VW}� isn,nt artne
<br />thereby a -now ru rr i w • an t r rn t-t or h and a w Iii a rdisburse the game in it :in ;ec wnh�ifie terns- heron {. p
<br />evez�`ly IYyhe,' tX�refc £o the o' Commissioners
<br />bate Firm
<br />By;
<br />Name of Selling AgrnCl'irm
<br />Name of Lisring Agenv'Fim
<br />N.C. ear Assoc. Form No. 2, C 198Z
<br />This Standard Fenn has been approved jointly by the:
<br />Pnnted by ARteeme 1 with the N.C. era, k. 14a1 NORTH CAROLINA BAR ASSOCIATION
<br />--- • - - - - - -- NnpTH (iARrll INA ASST) (-IATIONI OF RFAIT0R5q INC.
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