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<br />OFFER TO PURCHASE AND CONTRACT
<br />Orange County, North Carolina as Buy t.
<br />hereby offers to purchase and JO n E. Fuller and Lindsey M. Fuller � .as Seller,
<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 arc collectively' referred to as "the% Propeny "), in
<br />accordance with the standard Provisions on the REVERSE SIDE HEREOF and upon the following terms and conditions:
<br />1, REALPROPERTY: Located in thc0X3f C eeks TOwnS ,County of
<br />State of North Carolina, being known as and more particularly described as: Orange County, NC
<br />Street Address P
<br />Legal Description
<br />2. PERSONAL PROPERTY:
<br />8, PURCHASE PRICE: The purchase price is 5 $10,000-00 and shall be paid as follows:
<br />(a) 5 Z ,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) 5 N/A by assumption of the unpaid principal balance and all obligations of Seller on the existing loan secured by a deed of nest
<br />on the Property;
<br />(c) 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 />% per annum payable as follows:
<br />Prepayment restrictions and/ or penalties, if any, shall be:
<br />Assumption or transfer rights, if any, shall be:
<br />(d) S .1QJ2 0 0 . 0 0 , the balance of the purchase putt 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 _ I _ , effective through the date of closing,
<br />fora N/A loan in the principal amount of S N/A for a term of N/A year(s), at an interest
<br />rate not to exceed N / A % per annum, with mortgage loan discount points not to exceed _/A % of the loan amount. Buyer agrees to use his best
<br />efforts to sccurc 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 />an as follows: D7
<br />(b) The Buyer must be able to assume the unpaid 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 % per annum fixed (or describe type of loan)
<br />with mortgage loan assumption and/or discount points not to exceed N A % of the loan balance. (Sec Standard Provision No. 2). If such assumption
<br />requires the lender's approval, approval must be granted on or before N/A . Buyer agrees to use his best efforts 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 costs, chose costs
<br />are as follows: N/A
<br />(c) There must be no restriction, easement, zoning or or governmental regulation that would prevent the reasonable use of the real pro for
<br />a
<br />p1CnigC�e
<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:
<br />(Insert "None' or the identification of such assessments, if any. The agreement
<br />for pavmem or proration of any assessments indicated is to be sec 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 this instrument, except the following numbered
<br />Standard Provisions shall be deleted: (If none are to be deleted. state "None " -) 1 Z B
<br />IF THERE ARE ANY ADDENDA TO THIS CONTRACT, INDICATE ABOVE AND ATTACH HERETO.
<br />7. CLOSING: All parties agree to execute an and all documents and papers necessary in connection with closing and transfer of title on or
<br />before as Soon as AOSlble at Buyer
<br />S_
<br />The deed is to be made to Qrange County. and W
<br />8, POSSESSION: Possession shall be delivered A+- I-InczIng
<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 set forth.
<br />9. COUNTERPARTS: This offer shall become a binding contract when signed by both Buyer and Seller. It is to be signed in 2 O r i a i n a l
<br />counterparts with a signed counterpart being retained by each parry hereto and the escrow agent, if any.
<br />ne . _r nff. — _ _ Date of Accepwnce:
<br />Buyer
<br />AT
<br />Date
<br />Name of Selling Agent /Firm
<br />Name of Listing Agent /Firm
<br />Seller
<br />agree to hold
<br />same
<br />with the terms hereof-
<br />N.0 Bar Assoc - Form No. 2, © 1987. This Standard Form has been approved jointly by the:
<br />P.imed M aglen..em .+ire, d1 N.0 ea.Asra. — 1951. NORTH CAROLINA BAR ASSOCIATION
<br />la,,,e, w114ms s Co, im- - ea. 127 - adkmvote. N.C. 27055 NORTH CAROLINA ASSOCIATION OF REALTORSQ1 , INC.
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