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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 /> <br />of the payment of a claim given title insurers have a reasonable time to correct defects in title which the <br />insurer reasonably believes can be corrected. What constitutes a “reasonable time” depends upon the nature <br />of the defect. Assuming title is insurable, we will obtain a title insurance policy in the County’s favor in <br />the amount of the purchase price, if any. The County will be responsible for the payment of the title <br />insurance premium at closing if it elects to purchase a policy. <br /> <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 /> <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 /> <br />II. WIRE INSTRUCTIONS & FRAUD NOTICE <br /> <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, IF WE ASSIST WITH A CLOSING, HAVE <br />BEEN PREVIOUSLY PROVIDED. BEFORE SENDING ANY WIRE, CALL OUR OFFICE AT <br />(919) 490-0500 TO VERIFY THE INSTRUCTIONS. WE WILL NOT CHANGE WIRING <br />INSTRUCTIONS. IF YOU RECEIVE WIRING INSTRUCTIONS FOR A DIFFERENT BANK, <br />BRANCH LOCATION, ACCOUNT NAME OR ACCOUNT NUMBER OTHER THAN THE <br />INSTRUCTIONS YOU HAVE ON FILE, THEY SHOULD BE PRESUMED FRAUDULENT. DO <br />NOT SEND ANY FUNDS AND CONTACT OUR OFFICE IMMEDIATELY. FAILURE TO <br />FOLLOW THIS PROCEDURE ENDANGERS YOUR FUNDS. <br /> <br />III. Billing & File Retention <br /> <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. The 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 /> <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 />DocuSign Envelope ID: ACAAF02E-70DF-4B9B-B97D-9AF37B47E361