2018-063-E County Atty - Kennon Craver Morris Grove legal services

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DocuSign Envelope ID: CB53B3F9- 97AB- 472A- A85A- 50053B9BEAB7 KENNO14 , pile ATTORNEYS AT LAW February 20, 2018 John Roberts, Esquire Change County Attorney P.C. Box 8181 Hillsborough, North Carolina 27278 VIA EMAIL DELIVERY RE: Engagement For Legal Services: Purchase of Morris Grove Heights Subdivision Properties Dear Mr. Roberts We are pleased to represent Orange County in the acquisition of the above referenced properties (the ;-Transaction"), if agreeable to the County, this letter establishes the terms of our engagement. Title Search & Title Insurance The property to be purchased is the Transaction is comprised of thirteen parcels idcntified as having Orange County PINS 9860 -86 -9817, 9860 -86- 9731, 9860 -86 -9622, 9860 -86 -5327, 9860 -86- 3374, 9860 -86 -4404, 9860 -86 -3200, 9860 -86- 2171, 9860 -86- 2032, 9860 -85 -2900, 9860 -85 -1759, 9860 -85- 4801, and 9860 -85 -7801 (collectively the "Property"). In preparation for closing, we will perform a title search on the Property. The nature of that search may take on many one of two forms, depending upon whether or riot the title has previously been insured. If the title has not been previously insured, a search of the public records for a period of time satisfactory to the title insurance company will be required. If the title has previously been insured, we can obtain coverage for the County by having the title examined from the effective date of that coverage to the present. The process of performing only a limited title search is what is known as "tacking ". If we tack to an existing title insurance policy, the County will be relying on its policy of title insurance and not Our having actually examined the public records for any matter affecting title prior to the date of the existing policy of title insurance to which we tacked. Therefore, absent your timely objection, we will determine if title insurance coverage exists on the Property and, if so, have the public records examined Only from the date of that coverage to the present In other words absent your timely objection, we will -tack" to that existing policy of title insurance. This procedure will enable us to keep the County's costs to a minimum while, at the same time, providing full title insurance coverage for the County. You should be advised that title insurance, while a valuable insurance coverage, does not cover any and all damage that may arise fi•om a title defect. Title insurance 4011 rtnivCrsih tlrii+c. witc,100, durham, 7u-27707 . posx o0 cc h= 515'1, dudw", nc 2 ?717 -15'{9 TELEPHOPIE9194900500 FAX9194.900873 u =u w.ktnnuncraaer,co r Revised 10/17