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4011 university drive, suite 300, durham, nc 27707 post office box 51579, durham, nc 27717-1579 <br />TELEPHONE 919 490 0500 FAX 919 490 0873 www.kennoncraver.com <br />purchase price, if any. The County will be responsible for the payment of the title insurance premium at <br />closing if it elects to purchase a policy. <br />Please be aware that due diligence matters of property condition, zoning,and environmental matters <br />are not included in a standard title search or our legal services for this engagement. We do not provide any <br />opinion as to the environmental condition of the Property or permitted uses under current zoning <br />regulations. Please notify me immediately if you require additional information or assistance concerning <br />these issues. Zoning laws affect setbacks and use requirements to name a few. Environmental hazards <br />include, but are not limited to, the existence of radon gas, lead-based paint, underground storage tanks, and <br />asbestos. We will assist in ordering a zoning compliance letter/report and introduce you to a property <br />inspection and environmental engineer upon request. <br />We recommend you commission a new ALTA survey before closing on the easement. An ALTA <br />survey will generate a new legal description and may show title encumbrances and defects such as setback <br />violations, existing encroachments onto or from neighboring properties, legal description gaps and overlaps, <br />and other matters “on the ground” that would not otherwise be discovered during our title search of the <br />public records. A title insurance policy will include an exception to matters that would be shown on a <br />survey if a new survey is not available. Please let us know if you would like us to request quotes for survey <br />work related to this transaction. <br />II.WIRE INSTRUCTIONS & FRAUD NOTICE <br />WIRE FRAUD IS PREVALENT IN REAL ESTATE TRANSACTIONS. <br />SOPHISTICATED SCAMS INVOLVING FAKE EMAILS, PHONE CALLS, AND OTHER <br />FRAUDULENT CONTACTS PUT YOUR MONEY AT RISK. OUR TRUST ACCOUNT WIRE <br />INSTRUCTIONS TO BE USED FOR CLOSING ARE ATTACHED TO THIS MEMO. BEFORE <br />SENDING ANY WIRE, CALL OUR OFFICE AT (919) 490-0500 TO VERIFY THE <br />INSTRUCTIONS. WE WILL NOT CHANGE WIRING INSTRUCTIONS.IF YOU RECEIVE <br />WIRING INSTRUCTIONS FOR A DIFFERENT BANK, BRANCH LOCATION, ACCOUNT <br />NAME OR ACCOUNT NUMBER OTHER THAN THE INSTRUCTIONS YOU HAVE ON FILE, <br />THEY SHOULD BE PRESUMED FRAUDULENT. DO NOT SEND ANY FUNDS AND CONTACT <br />OUR OFFICE IMMEDIATELY. FAILURE TO FOLLOW THIS PROCEDURE ENDANGERS <br />YOUR FUNDS. <br />III.Billing & File Retention <br />We consider many factors in billing for services rendered, and I will review all statements before <br />they are issued to ensure that the amount charged is appropriate. T he principal factor is usually our schedule <br />of hourly rates; most statements are simply the product of the hours worked multiplied by the hourly rates <br />for the attorneys and legal assistants who did the work. <br />Our schedule of hourly rates for attorneys and other members of the professional staff are based on <br />years of experience, specialization in training and practice, and level of professional attainment. My hourly <br />rate for 2023 is $365. However, I will perform work on this matter at a discounted hourly rate of $285 per <br />hour. We will manage your matter as cost efficiently as possible. To the extent that other paralegals and <br />attorneys are involved, their rates vary from $150 to $400 an hour. However, no attorney rates exceeding <br />$285 will apply We reserve the right to adjust our rates for subsequent years. In addition, we will bill and <br />require payment for out-of-pocket expenses such as photocopies, courier expenses, travel, filing fees, and <br />DocuSign Envelope ID: 35A18A2E-C1C7-417D-89C8-D622FFCBC5F0