2021-052-E DEAPR- Moorefields Clean Water grant

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DocuSign Envelope ID:80DBCC67-147D-4966-BA8F-6B37818063C4 5. Title Insurance. (a)For Fee Acquisition: The Title Policy must consist of a standard commitment on the form required by the American Land Title Association to issue a title insurance policy and show that title to the Property is vested in fee in the owner of the Property and insure the Conservation Easement interest in the State. Neither the Title Commitment nor the Title Policy shall contain an exception as to matters of survey. They shall provide for the following: • Afford coverage to the State for the portion of the Grant used to purchase the Property; and • Provide affirmative coverage for access over, upon, and across the Property to and from the Conservation Easement area, and from the Property to a publicly maintained road; and • Provide that a Closing Protection Letter will be issued to the NCLWF pursuant to NCGS Chapter 58, Article 26; and • Indicate whether the Property is subject to any liens and defects. • Instruments referred to in the title commitment must be submitted. (b) For Conservation Easement Acquisitions: A Title Commitment must be followed after closing by a Title Policy showing that title to the Property is vested in the owner of the Property and insure the Conservation Easement interest. The Title Policy must be issued without exception as to matters of survey, and shall provide for the following: • Afford coverage to the State for the portion of the Grant used to purchase the Conservation Easement; and • Provide affirmative coverage for access over, upon and across the Property, to and from the Conservation Easement area, and from the Property to a publicly maintained road; and • Provide that a Closing Protection Letter will be issued to the NCLWF pursuant to N.C.G.S. Chapter 58,Article 26;and • Indicate whether the Property is subject to any liens and defects. • Instruments referred to in the title commitment must be submitted. 6. Survey. Any survey of the Property and/or the Conservation Easement obtained must meet the following criteria: • The plat must be in accordance with the latest version of N.C.A.C. Title 21, Chapter 56, Section.1600 — Standards of Practice for Land Surveying in North Carolina; in particular 21 N.C.A.C. 56.1602(g). • The plat must be in recordable form, depict a metes and bounds description, and tie the beginning point of the Conservation Easement to a point on a property boundary line. • The survey and plat must comply with other requirements found in survey guidelines available on the NCLWF website. • One full-sized plat must be submitted in hard copy to the address requested by grant administer prior to recordation. 7. Phase I Environmental Site Assessment (Optional). The Phase I Environmental Site Assessment("ESA")shall conform to the requirements of the latest version of American Society for Testing and Materials ("ASTM") Standard E-1527. NCLWF reserves the right to require the Grant Recipient to Orange County,North Carolina(NCLWF 2020-048 Moorefields Estate) Final—December 21,2020 Page 16 of 27