Orange County NC Website
Browse       Search
DocuSign Envelope ID: 3F2AE651-44BE-4D7D-A875-C24BD1756089 <br /> IF YOU RECEIVE WIRING INSTRUCTIONS FOR A DIFFERENT BANK, BRANCH <br /> LOCATION, ACCOUNT NAME OR ACCOUNT NUMBER OTHER THAN THE <br /> INSTRUCTIONS YOU HAVE ON FILE, THEY SHOULD BE PRESUMED <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 the County; (5) recording the documents listed above; (6) <br /> preparing the tenant estoppel certificate and the settlement statement and (7) conducting the <br /> closing. Please be aware that additional work necessary to complete the closing, such as <br /> attempting to resolve significant title defects, significant work related to locating heirs or <br /> resolving estate issues related to the property in the chain of title, etc., may require work beyond <br /> the scope of this letter and cost in excess of the fee listed below. In the event the County <br /> requires representation prior to closing or additional legal work not referenced in this letter <br /> becomes necessary (such as work associated with clearing any title defects and resolving estate <br /> issues),then we may perform such work at the County's specific request under an amendment to <br /> this agreement at our normal hourly rates. <br /> We will bill the County at a discounted hourly rate of $250 for time spent by firm <br /> attorneys on the Transaction and $85 per hour for time spent by paralegals on the Transaction. <br /> Our legal fees for perfolining the legal work outlined herein will not exceed $5,000.00. In <br /> addition to the foregoing hourly fees, the County will be responsible for payment of any <br /> expenses incurred by our firm in connection with the closing such as express mail charges, and <br /> wire fees each and all of which will be set out on the settlement statement at closing. The <br /> County will also be responsible for other typical costs of closing such as recording fees and <br /> survey expenses. We will begin work on this transaction as soon as I receive an executed copy <br /> of the associated Services Agreement from the County. Please understand that we must charge <br /> for all work performed even if this transaction fails for any reason. <br /> Please do not hesitate to contact me with any questions or conce 1. regarding this letter. <br /> I look forward to working with you on this transaction. <br /> cerely, <br /> /Irian •%. err= <br /> FO HE .' RM <br /> kennon craven,pllc <br /> 4011 university drive,suite 300,durham,lac 27707 • post office box 51579 durham,nc 27717-1579 <br /> TELEPHONE 919 490 0500,FAX 919 490 0873 • town,.kennoncraver.com <br />