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DocuSign Envelope ID: BC5OE22D- D2B4- 4E91 - AAA4B- 3B9F742A��f 5�'j83E <br />K E N N V IY i <br />P11C <br />ATTORNEYS AT LAW <br />February 14, 2018 <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: highway 70 Properties, Hillsborough, North <br />Carolina Title Searches <br />Dear Mr. Thompson: <br />We are pleased to represent Orange County in conducting title work on the properties <br />described herein (the "Transaction "). If agreeable to the County, this letter establishes the terms <br />of our engagement. <br />Title Search & Title Insurance <br />The properties to be purchased in the Transaction are comprised of four separate parcels <br />having Orange County PINS 9844788137; 9844786326; 9844881230; and 9844786242 <br />(collectively the "Property "). We will perform a title search on the Property. The nature of that <br />search may take on many one of two forms, depending upon whether or not the title has <br />previously been insured. If the title has not been previously insured, a search of the public <br />records for a period of time satisfactory to the title insurance company will be required. If the <br />title has previously been insured, we can obtain coverage for the County by having the title <br />examined from the effective date of that coverage to the present. The process of performing only <br />a limited title search is what is known as "tacking ". If we tack to an existing title insurance <br />policy, the County will be relying on its policy of title insurance and not our having actually <br />examined the public records for any matter affecting title prior to the date of the existing policy <br />of title insurance to which we tacked. Therefore, absent your timely objection, we will determine <br />if title insurance coverage exists on the Property and, if so, have the public records examined <br />only from the date of that coverage to the present. In other words absent your timely objection, <br />we will "tack" to that existing policy of title insurance. This procedure will enable us to keep the <br />1 <br />4011 7aizvers4ty drive. s :rite 3010, durbam, me 27707 host mice box 51579, durlymn, nc 2 771 7 -15 79 <br />TELEPHONE 919 490 0500 FAX 91949008?3 • ivivwkennoncravercorn <br />