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5 <br />Orange County Parcel Identification Number 9870774584, <br />TN(BL 7. 1-8 .18 (approximately 514 acres) <br />THE TERMS AND CONMITIONS OF THIS AGPEEMENT APE AS FOLLOWS: <br />1. PURCHASE PRICE: The purchase price for the Property <br />shall be Thirtv Thousand Five Hundred and No/100 Dollars <br />($30,500 00) per surveyed acre plus any amount due Seller as the <br />result of the calculation made in Section 4(c) of this <br />Agreement. The purchase price shall be paid by payment in cash, <br />wire or closing attorney trust account check, at Seller's <br />option, at the closing. <br />2. TITLE: Title will he delivered to Buyer at closing by <br />a General Warranty Deed made to ORANGE COUNTY, NORTH CAP.OLINa, <br />which shall be fee simple marketable title, free of liens, <br />encumbrances, easements, restrictions, rights and conditions, <br />including, but not limited to, any promissory note, mortgage, <br />deed of trust, real estate contract, right of first refusal, or <br />option to buy, other than current property taxes and rights, <br />reservations, covenants, easements, conditions, and restrictions <br />of record as of the effective date of this Agreement that do not <br />materially affect the value of the Pr'opert-y or unduly interfere <br />with Buyer's intended use of the Property, and those exceptions <br />approved in writing by Buyer ("Permitted Exceptions"). 'The <br />description of the Property that will be used in the deed from <br />Seller to Buyer will be obtained from a survey,- of the Property <br />to be obtained by and paid for by Buyer. <br />2