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2019-248-E Housing - Kennon Craver legal services for 509 Central Ave
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2019-248-E Housing - Kennon Craver legal services for 509 Central Ave
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Last modified
5/1/2019 12:19:05 PM
Creation date
5/1/2019 11:30:28 AM
Metadata
Fields
Template:
Contract
Date
4/26/2019
Contract Starting Date
4/26/2019
Contract Ending Date
4/29/2019
Contract Document Type
Contract
Agenda Item
4/2/19; 6-b
Amount
$158,333.00
Document Relationships
Agenda 04-02-2019 6-b - Approval to Acquire Property at 509 Central Avenue, Hillsborough
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 04-02-19 Regular Meeting
R 2019-248 Housing - Kennon Craver legal services for 509 Central Ave
(Attachment)
Path:
\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2019
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DocuSign Envelope ID:25564DEE-41EF-45E7-80D8-212E6649AB56 <br /> OFFER TO PURCHASE AND CONTRACT <br /> [Consult"Guidelines"(Form 2G)for guidance in completing this form] <br /> For valuable consideration,the receipt and legal sufficiency of which are hereby acknowledged,Buyer offers to purchase and Seller upon <br /> acceptance agrees to sell and convey the Property on the terms and conditions of this Offer To Purchase and Contract and any addendum <br /> or modification made in accordance with its terms(together the"Contract"). <br /> 1. TERMS AND DEFINITIONS: The terms listed below shall have the respective meaning given them as set forth adjacent to each <br /> term. <br /> (a) "Seller": Shannon J. Brown <br /> (b) 'Buyer": Orange County <br /> (c) "Property": The Property shall include all that real estate described below together with all appurtenances thereto including the <br /> improvements located thereon and the fixtures and personal property listed in Paragraphs 2 and 3 below. <br /> NOTE: If the Property will include a manufactured(mobile)home(s),Buyer and Seller should consider including the Manufactured <br /> (Mobile)Home provision in the Additional Provisions Addendum(Standard Form 2A11-T)with this offer. <br /> Street Address: 509 Central Avenue <br /> City: Hillsborough Zip: 27278 <br /> County: Orange ,North Carolina <br /> NOTE: Governmental authority over taxes,zoning,school districts,utilities and mail delivery may differ from address shown. <br /> Legal Description: (Complete ALL applicable) <br /> Plat Reference: Lot/Unit ,Block/Section Subdivision/Condominium <br /> ,as shown on Plat Book/Slide 72 at Page(s) i l l <br /> The PIN/PID or other identification number of the Property is: 9864-59-7395-000 <br /> Other description: #AFREELAND & CATES P72/111 <br /> Some or all of the Property may be described in Deed Book at Page <br /> (d) "Purchase Price": <br /> $ 158,333.00 paid in U.S.Dollars upon the following terms: <br /> $ BY DUE DILIGENCE FEE made payable and delivered to Seller by the Effective Date. <br /> $ BY INITIAL EARNEST MONEY DEPOSIT made payable and delivered to Escrow <br /> Agent named in Paragraph 1(f) by❑ cash ❑ personal check ❑ official bank check <br /> ❑ wire transfer, ❑ electronic transfer, EITHER ❑ with this offer OR ❑within <br /> five(5)days of the Effective Date of this Contract. <br /> $ BY (ADDITIONAL) EARNEST MONEY DEPOSIT made payable and delivered to <br /> Escrow Agent named in Paragraph 1(f) by cash, official bank check, wire transfer or <br /> electronic transfer no later than 5 p.m. on <br /> TIME BEING OF THE ESSENCE. <br /> $ BY ASSUMPTION of the unpaid principal balance and all obligations of Seller on the <br /> existing loan(s)secured by a deed of trust on the Property in accordance with the attached <br /> Loan Assumption Addendum(Standard Form 2A6-T). <br /> $ BY SELLER FINANCING in accordance with the attached Seller Financing Addendum <br /> (Standard Form 2A5-T). <br /> $ BY BUILDING DEPOSIT in accordance with the attached New Construction Addendum <br /> (Standard Form 2A3-T). <br /> $ 158,333.00 BALANCE of the Purchase Price in cash at Settlement(some or all of which may be paid <br /> with the proceeds of a new loan). <br /> Should Buyer fail to deliver either the Due Diligence Fee or any Initial Earnest Money Deposit by their due dates, or should any <br /> check or other funds paid by Buyer be dishonored, for any reason, by the institution upon which the payment is drawn, Buyer shall <br /> Page 1 of 13 <br /> This form jointly approved by: STANDARD FORM 2-T <br /> North Carolina — Ds' sociation 121 Revised 7/2018 <br /> REALTDR® North Carolin ition of REALTORS®,Inc. OPPORTUNITY <br /> Verbal ©7/2018 <br /> Buyer initials Seller initials <br /> Verbal Realty&Associates,PO Box 361 Morrisville NC 27560 Phone:(919)519-1700 Fax: 509 Central <br /> Kimberly Verbal Produced with zipForm®by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.zipLoaix.com <br />
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