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DocuSign Envelope ID: 3F2AE651-44BE-4D7D-A875-C24BD1756089 <br /> KENNON CRAVER <br /> William A Anderson,III / <br /> Gwendolyn C Brooks* pl/C <br /> Joel MCraig ATTORNEYS AT LAW <br /> G Rhodes Craver <br /> James R Easthom <br /> Brian M Ferrell <br /> William T Hutchins,Jr** <br /> Deborah A McDermott <br /> Candace B Minjares <br /> Henry W Sappenfteld <br /> Leigh P Vancil <br /> A William Kennon,Retired <br /> Katherine L McKee,Retired <br /> *Board Certified Specialist in <br /> Estate Planning eb Probate Law <br /> **Board Certified Specialist in Real Property Law; <br /> Business,Commercial and Industrial Transactions • <br /> October 19, 2017 <br /> Jeffrey E. Thompson <br /> Director,Asset Management Services <br /> Orange County Government <br /> 131 West Margaret Lane, Suite 300 <br /> PO Box 8181 <br /> Hillsborough,NC 27278 <br /> VIA EMAIL DELIVERY <br /> RE: Engagement For Legal Services: Purchase of 1510 Highway 86 North, <br /> Hillsborough,North Carolina <br /> Dear Mr. Thompson: <br /> We are pleased to represent Orange County in the acquisition of the above referenced <br /> property (the "Transaction"). If agreeable to the County, this letter establishes the terms of our <br /> engagement. <br /> • <br /> Title Search &Title Insurance <br /> The property to be purchased in the Transaction is comprised of an approximately 21 acre <br /> parcel identified as having Orange County PIN 9865-68-5784 (the "Property"). In preparation <br /> for closing, we will perform a title search on the Property. The nature of that search may take on <br /> many one of two forms, depending upon whether or not the title has previously been insured. If <br /> the title has not been previously insured, a search of the public records for a period of time <br /> satisfactory to the title insurance company will be required. If the title has previously been <br /> insured, we can obtain coverage for the County by having the title examined from the effective <br /> date of that coverage to the present. The process of performing only a limited title search is what <br /> is known as "tacking". If we tack to an existing title insurance policy, the County will be relying <br /> on its policy of title insurance and not our having actually examined the public records for any <br /> matter affecting title prior to the date of the existing policy of title insurance to which we tacked. • <br /> Therefore, absent your timely objection, we will determine if title insurance coverage exists on <br /> 1 <br /> 4011 university drive,suite 300,durham,nc 27707 • post office box 51579,durham,nc 27717-1579 <br /> TELEPHONE 919 490 0500 FAX 919 490 0873 • www.kennoncraver,con? <br />