Agenda - 04-03-2018 6-b - Site Acquisition Development of a Multi-Purpose County Campus

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(f) "Br €tlLer s " shall mean: /A ("Listing Agency"), ( "Listing Agent" - License 0 ) Acting as: a Seller's Agent; F J Dual Agent and Pickett- 8pLouse Real _state I.na („Selling Agency "), 14ark O'Neal ( "Selling Agent" License tt 77115 ) Acting as: M Buyer's Agent; U Seller's (Sub) Agent; Dual Agent (g) "Seller's Notice Address" shall be as follows: 1.221 Buckho�rr Road bang, NC 27302 T. c -mail address: bkinn2024@qmai1. conj fax number: except as sarric may be changed pursuant to Section 12, (h) "Buyer's Notice Address" shall be as follows: c/o Jeff Thompson P.O. Bar 0181 �1.1.�bra�eatrh, NC 2727t1 e-mail address: jethompson12lorangecountync. ov fax number. - except as same may be changed pursuant to Section 12. ' �°. (i) If this block is marked, additional terms of this Agreement are set forth on Exhibitattached hereto and incorporated herein by reference. (Note: Under North Carolina law, real estate agents are not permitted to draft conditions or contingencies to this Agreement,) 0) If this block is marked, additional terms of this Agreement are set forth on the Additional Provisions Addendum (Form 581 T) attached hereto and incorporated herein by reference. Section 2. Sale of Property and Payment of Purchase Price: Seller agrees to sell and Buyer agrees to buy the Property for the Purchase Price. Section 3. Proration of Expenses and Payment of Costs: Seller and Buyer agree that all pro pe xes on c e ar year basis), leases, rents, mortgage payments and utilities or any other assumed liabilities cue any, shall be prorated as of the date of Closing. Seller shall pay for preparation of a deed and all other documents necessary to perform Sellers obligations under this Agreement, excise tax (revenue stamps), any deferred or rollback taxes, and other conveyance fees or taxes required by law, and the following: N/A Buyer shall pay recording costs, costs of any title search, title insurance, survey, the cost of any inspections or investigations undertaken by Buyer under this Agreement and the following: N/A Each patty shall play its lawn attorney's fees Section 4. Deliveries: Seller agrees to use best efforts to deliver to Buyer as soon as reasonably possible after the Contract Date copies of all material information relevant to the Property in the possession of Seller, including but not limited to; title insurance policies (and copies of any documents referenced therein), surveys, soil test reports, environmental surveys or reports, site plans, civil drawings, building plans, maintenance records and copies of all presently effective warranties or service contracts related to the Property. Seller authorizes (1) any attorney presently or previously representing Seller to release and disclose any title insurance policy in such attorney's file to Buyer and both Buyer's and Seller's agents and attorneys; and (2) the Property's title insurer or its agent to release and disclose all materials in the Property's title insurers (or title insurer's agent's) file to Buyer and both Buyer's and Seller's agents and attorneys. If Buyer does not consummate the Closing for any reason other than Seller default, then Buyer shall return to Seller all materials delivered by Seller to Buyer pursuant to this Section 4 (or Section 7, if applicable), if any, and shall, upon Seller's request, provide to Seller copies of (subject to the ownership and copyright interests of the preparer thereof) any and all studies, reports, surveys and other information relating directly to the Property prepared by or at the request of Buyer, its employees and agents, and shall deliver to Seller, upon the release of the Earnest Money, copies of all of the foregoing without any warranty or representation by Buyer as to the contents, accuracy or correctness thereof. il Page 3 f 8 Buyer Initials ° _ Seller initials a .._ Produced wfth zipFonnO by zrpLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www,zioLooix.cam STANDARD FORM 580 -T Revised 7/2017 07/2017 MO PS- Orange