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Agenda 04-02-2019 6-b - Approval to Acquire Property at 509 Central Avenue, Hillsborough
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Agenda 04-02-2019 6-b - Approval to Acquire Property at 509 Central Avenue, Hillsborough
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3/29/2019 9:10:43 AM
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BOCC
Date
4/2/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-b
Document Relationships
2019-213-E Housing - Kennon Craver Central Avenue closing
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Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2019
2019-243-E Housing - Verbal Realty & Associates 509 Central Ave realty services
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2019
2019-248-E Housing - Kennon Craver legal services for 509 Central Ave
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2019
Agenda - 04-02-2019 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 04-02-19 Regular Meeting
Minutes 03-12-2019 Work Session
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\Board of County Commissioners\Minutes - Approved\2010's\2019
Minutes 04-02-2019 Regular Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
RES-2019-020 Resolution authorizing the acquisition of Property at 509 Central Avenue, Hillsborough
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Path:
\Board of County Commissioners\Resolutions\2010-2019\2019
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18 <br /> ❑Additional Provisions Addendum(Form 2A11-T) ❑Loan Assumption Addendum(Form 2A6-T) <br /> ❑Additional Signatures Addendum(Form 3-T) ❑New Construction Addendum(Form 2A3-T) <br /> ❑Back-Up Contract Addendum(Form 2A1-T) ❑ Owners'Association Disclosure And Condominium <br /> ❑ Contingent Sale Addendum(Form 2A2-T) Resale Statement Addendum(Form 2Al2-T) <br /> ❑FHA/VA Financing Addendum(Form 2A4-T) ❑ Seller Financing Addendum(Form 2A5-T) <br /> ❑Lead-Based Paint Or Lead-Based Paint Hazard Addendum(Form 2A9-T) ❑ Short Sale Addendum(Form 2A14-T) <br /> ❑Vacation Rental Addendum(Form 2A13-T) <br /> ❑ Identify other attorney or party drafted addenda: <br /> NOTE: UNDER NORTH CAROLINA LAW, REAL ESTATE BROKERS ARE NOT PERMITTED TO DRAFT ADDENDA TO <br /> THIS CONTRACT. <br /> 16. ASSIGNMENTS: This Contract may not be assigned without the written consent of all parties except in connection with a tax- <br /> deferred exchange, but if assigned by agreement, then this Contract shall be binding on the assignee and assignee's heirs and <br /> successors. <br /> 17. TAX-DEFERRED EXCHANGE: In the event Buyer or Seller desires to effect a tax-deferred exchange in connection with the <br /> conveyance of the Property,Buyer and Seller agree to cooperate in effecting such exchange;provided,however,that the exchanging <br /> party shall be responsible for all additional costs associated with such exchange, and provided further, that a non-exchanging party <br /> shall <br /> not assume any additional liability with respect to such tax-deferred exchange. Buyer and Seller shall execute such additional <br /> documents, including assignment of this Contract in connection therewith, at no cost to the non-exchanging party, as shall be required <br /> to give effect to this provision. <br /> 18. PARTIES: This Contract shall be binding upon and shall inure to the benefit of Buyer and Seller and their respective heirs, <br /> successors and assigns. As used herein, words in the singular include the plural and the masculine includes the feminine and neuter <br /> genders,as appropriate. <br /> 19. SURVIVAL: If any provision herein contained which by its nature and effect is required to be observed, kept or performed after <br /> the Closing,it shall survive the Closing and remain binding upon and for the benefit of the parties hereto until fully observed,kept or <br /> performed. <br /> 20. ENTIRE AGREEMENT: This Contract contains the entire agreement of the parties and there are no representations, <br /> inducements or other provisions other than those expressed herein. All changes, additions or deletions hereto must be in writing and <br /> signed by all parties. Nothing contained herein shall alter any agreement between a REALTOe or broker and Seller or Buyer as <br /> contained in any listing agreement,buyer agency agreement,or any other agency agreement between them. <br /> 21. CONDUCT OF TRANSACTION: The parties agree that any action between them relating to the transaction contemplated by <br /> this Contract may be conducted by electronic means, including the signing of this Contract by one or more of them and any notice or <br /> communication given in connection with this Contract. Any written notice or communication may be transmitted to any mailing <br /> address, e-mail address or fax number set forth in the"Notice Information" section below. Any notice or communication to be given 1 <br /> to a party herein, and any fee, deposit or other payment to be delivered to a party herein,may be given to the party or to such parry's <br /> agent. Seller and Buyer agree that the "Notice Information" and"Acknowledgment of Receipt of Monies" sections below shall not <br /> constitute a material part of this Contract, and that the addition or modification of any information therein shall not constitute a <br /> rejection of an offer or the creation of a counteroffer. <br /> 22. EXECUTION: This Contract may be signed in multiple originals or counterparts, all of which together constitute one and the <br /> same instrument. <br /> 23. COMPUTATION OF DAYS/TIME OF DAY: Unless otherwise provided, for purposes of this Contract,the term "days" shall <br /> mean consecutive calendar days, including Saturdays, Sundays, and holidays, whether federal, state, local or religious. For the <br /> purposes of calculating days,the count of"days"shall begin on the day following the day upon which any act or notice as provided in <br /> this Contract was required to be performed or made. Any reference to a date or time of day shall refer to the date and/or time of day in <br /> the State of North Carolina. <br /> Page 11 of 16 <br /> STANDARD FORM 2-T <br /> Buyer's Initials Seller's Initials Revised 7/2018 <br /> ©7/2018 <br />
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