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<br />OFFER TO PURCHASE AND CONTRACT
<br />Orange County, North Carolina as a en,
<br />hereby offers to purchase and Patricia Jane Garrett and Cher 1 Ann Mc y
<br />Pherson .asS nets,
<br />upon acceptance of said offer, agreeKto 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 arc collectively referred to as "the Property" , in
<br />accordance with the Standard Provisions on the REVERSE SIDE HEREOF and upon the following terms and conditions:
<br />1. REALPROPERTY: LucatedintheRd447f71].1_1sbQrou ,County of Orange
<br />State of North Carolina, being known m and more particularly described as:
<br />Street Address
<br />legal Descriptlim PIN #9865-82 -7181 Tax Ma #4.5.A.11 Ztp
<br />2. PERSONALPROPERTY:
<br />8. PURCHASE PRICE: The purchase price is S 35,000-00 and shall be paid as follows:
<br />(a) $ NIA ,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 be 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) $ NIL ,by assumption of the unpaid principal balance and all obligations of Seller on the existing loan secured by a deed of rust
<br />on the Property;
<br />(tl S - NSA ,by a promissory rote secured by a purchase monev deed of trust on the Property with interest prior to default at the ran of
<br />per annum pavable as follows:
<br />Prepayment restrictions andior penalties. if any, shall be:
<br />Assumption or transfer righcs. if any. shall be:
<br />(d) s 3r-0-0 0 _ 00 the balance of the purchase price in cash at closing.
<br />4, CONDITIONS: (State N/A in each blank of paragraph 4(a) and 4(b) that is not A condition to this contract.)
<br />(a) The Buyer must be able to obtain a firm commitment on or before N/A , effective through the date of clos ng,
<br />fora _N/ A loan in the principal amount of S _ N/A for a term of N/A year(s). at an intf rest
<br />rate not to exceed N/A % per annum, with mortgage loan discount points not to exceed NIA % of the loan amount. Buyer agrees to use his sest
<br />efforn to secure such commitment and to advise Seller immediately upon receipt of the lenders decision. If Seller is to pay any loan closing costs, those costs
<br />arc as follows:
<br />(b) The Buver must be able to assume the un aid principal balance of the existing loan described in paragraph S(b) above for the remainder of the
<br />loan term. at an interest rate not to exceed N A %v per annum fixed (or describe type of loan) N/A
<br />with mortgage loan assumption and/or discount points not to exceed _N1. A % of the loan balance. (See Standard Provision No. 2). If such aiaurnpi ion
<br />requires the lender's approval. approval must be granted on or before N /A , Buyer agree w use his best effort to
<br />secure such approval and to advise Seller immediately upon his receipt of the lender's decision. If Seller is to pay any loan assumption casts, those c ts
<br />are as follows: N/A
<br />(c) There must be no restriction, easement, toning or other got ental regulation that would prevent the reasonable use of the real propeity, for
<br />acces�_to Orang_e__Countyrs_Public Works facility and Northern FairvieV6
<br />S. 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 agreem trit
<br />for payment or proration of anv 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 co this instrument, except the following numbered
<br />Standard Provisions shall be deleted: (If none arc to be deleted, state "None".) 1 2 3 7 8 9" 11
<br />The husbands of Patricia Jane Garrett and Cheryl Ann McPherson mus
<br />execute this contract and the deed to the property to evidence the rele
<br />of their marital interests, if any, in the property.
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<br />IF THERE 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 as soon as Osslble at a placedesigrratedby buyer
<br />Thedeedistobemadeco Orange Count NC and Will 17e re seed by Orange County, NC
<br />8. POSSESSION: Possession shall be delivered O
<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 s N/A per day from
<br />and including the date of closing to and including the date that possession is to be delivered as above sec forth.
<br />9. COUNTERPARTS: This offer shall become a binding contract when signed by bah Buyer and Seller. It is to be signed in na 1
<br />counterparts with a signed counterpart being retained by each parry herein and the escroM agent, if any.
<br />Date of Offer. U n
<br />ORANGE COUNTY, NORTH CAROLINA Date of Acceptance: ��- '- 7
<br />Buyer SEAL) Seller: �2. .4H. 1 n ✓"
<br />oses �rey r airm n,
<br />Buver Orange O. Hoard o omml n- Patricia Jane Garrett
<br />drs Seller: 7i.[.61 .<rf-
<br />crc y , 91 agt
<br />Seller: (1 r
<br />Date 9oarr� of Coyge;i[snprc •),,,� ^�.r r rl .G..
<br />Cheryl Ann McPherson
<br />ESv:
<br />Seller:
<br />Namcof Selling A,grnt F'im
<br />Nament' Limmg Ag.•nt Firm
<br />N C, B.rr is +nr. fTrm No. 1, 1987,
<br />Th., <tandard Fnrm'h., hest, appm i 10-1v tw the
<br />W lgrri (W?0I PGA R -�R AGSn('I4,TI(1N
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