2019-248-E Housing - Kennon Craver legal services for 509 Central Ave

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DocuSign Envelope ID:25564DEE-41EF-45E7-80D8-212E6649AB56 ADDENDUM to Offer to Purchase and Contract Property: 509 Central Avenue, Hillsborough,NC 27278 Seller: Shannon Brown Buyer: Orange County,North Carolina, a body politic and corporate of the State of North Carolina This Addendum is attached to and made a part of the Offer to Purchase and Contract("Contract") between Seller and Buyer for the Property. Section 9,Proration and Adjustments, shall be revised to read: Taxes on Real Property: Ad valorem taxes and recurring governmental services fees levied with such taxes on real property shall be paid by the Seller at Settlement. Taxes on Personal Property: Ad valorem taxes on personal property for the entire year shall be paid by Seller at Settlement. Section 4(e), Indemnity, shall be omitted from the Offer to Purchase and Contract. Section 4(fl,Buyer's Right to Terminate, shall be revised to read: Buyer shall have the right to terminate this Contract for any reason or no reason, by delivering to Seller written notice of termination (the "Termination Notice") by April 29, 2019, TIME BEING OF THE ESSENCE. If Buyer timely delivers the Termination Notice,this Contract shall be terminated. Section 8(a), Seller's Obligations, shall be revised to read: (a)Evidence of Title,Payoff Statement(s)and Non Foreign Status: (i) Seller agrees to use best efforts to provide to the closing attorney as soon by April 29,2019,copies of all title information in possession of or available to Seller,including but not limited to: title insurance policies, attorney's opinions on title, surveys, covenants, deeds, notes and deeds of trust, leases, and easements relating to the Property. (ii) Seller shall provide to the closing attorney all information needed to obtain a written payoff statement from any lender(s)regarding any security interest in the Property by April 29, 2019, and Seller designates the closing attorney as Seller's agent with express authority to request and obtain on Seller's behalf payoff statements and/or short-pay statements from any such lender(s). (iii) If Seller is not a foreign person as defined by the Foreign Investment in Real Property Tax Act, Seller shall also provide to the closing attorney a non-foreign status affidavit(pursuant to the Foreign Investment in Real Property Tax Act). In the event Seller shall not provide a non-foreign status affidavit, Seller acknowledges that there may be withholding as provided by the Internal Revenue Code. IN THE EVENT OF A CONFLICT BETWEEN THIS ADDENDUM AND THE CONTRACT,THIS ADDENDUM SHALL CONTROL,EXCEPT THAT IN THE CASE OF SUCH A CONFLICT AS TO THE DESCRIPTION OF THE PROPERTY OR THE IDENTITY OF THE BUYER OR SELLER, THE CONTRACT SHALL CONTROL. [SIGNATURES ON FOLLOWING PAGE]