Orange County NC Website
DocuSign Envelope ID:49A6A196-6A44-4A46-B485-DEE51AODFBEA <br /> William A.Anderson,III <br /> E N N O N <br /> Gwendolyn C.Brooks* <br /> Joel M.Craig P11C <br /> G.Rhodes Craver <br /> James R.Easthom <br /> Brian M.Ferrell <br /> William T.Hutchins,Jr.** <br /> Deborah A.McDermott <br /> Henry W.Sappenf:eld <br /> Leigh P. Vancil <br /> *Board Certified Specialist in <br /> Estate Planning&Probate Law <br /> **Board Certified Specialist in Real Property Law <br /> Business,Commercial and Industrial Transactions <br /> E-mail:bferrell(aOkennoncraver.com <br /> March 25, 2019 <br /> Anne Marie Tosco <br /> Staff Attorney <br /> Orange County Attorney's Office <br /> P.O. Box 8181 <br /> Hillsborough,North Carolina 27278 <br /> VIA EMAIL DELIVERY <br /> RE: Engagement For Legal Services: Purchase of 509 Central Avenue Property <br /> Dear Ms. Tosco: <br /> We are pleased to represent Orange County in the acquisition of the above referenced property <br /> (the"Transaction"). If agreeable to the County,this letter establishes the terms of our engagement. <br /> Title Search&Title Insurance <br /> The property to be purchased in the Transaction is comprised of one parcel identified as having <br /> Orange County PIN 9864-59-7395 (the "Property"). In preparation for closing, we will perform a title <br /> search on the Property. The nature of that search may take on many one of two forms, depending upon <br /> whether or not the title has previously been insured. If the title has not been previously insured, a search <br /> of the public records for a period of time satisfactory to the title insurance company will be required. If <br /> the title has previously been insured, we can obtain coverage for the County by having the title examined <br /> from the effective date of that coverage to the present. The process of performing only a limited title <br /> search is what is known as "tacking". If we tack to an existing title insurance policy, the County will be <br /> relying on its policy of title insurance and not our having actually examined the public records for any <br /> matter affecting title prior to the date of the existing policy of title insurance to which we tacked. <br /> 1 <br />