2024-589-E-AMS-Kennon Craver-Additional Legal Services for the Crisis Diversion Project

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4011 university drive, suite 300, durham, nc 27707  post office box 51579, durham, nc 27717-1579 TELEPHONE 919 490 0500 FAX 919 490 0873  www.kennoncraver.com we will conduct a “full” title search for the period required by the North Carolina Real Property Title Act of not less than thirty (30) years. Be advised that title insurance, while a valuable insurance coverage, does not cover all damage that may arise from a title defect. Title insurance also does not necessarily provide immediate relief in the form of the payment of a claim given title insurers have a reasonable time to correct defects in title which the insurer reasonably believes can be corrected. What constitutes a “reasonable time” depends upon the nature of the defect. Assuming title is insurable, we will obtain a title insurance policy in the County’s favor in the amount of the purchase price. The County will be responsible for the payment of the title insurance premium at closing. Please be aware that due diligence matters of property condition, zoning, and environmental matters are not included in a standard title search or our legal services for this engagement. We do not provide any opinion as to the environmental condition of the Property or permitted uses under current zoning regulations. Please notify me immediately if you require additional information or assistance concerning these issues. Zoning laws affect setbacks and use requirements to name a few. Environmental hazards include, but are not limited to, the existence of radon gas, lead-based paint, underground storage tanks, and asbestos. We recommend the County commission a new ALTA survey before closing on the purchase of the Property. In addition, a recorded subdivision plat will be required. A new survey will be required An ALTA survey will generate a new legal description and may show title encumbrances and defects such as setback violations, existing encroachments onto or from neighboring properties, legal description gaps and overlaps, and other matters “on the ground” that would not otherwise be discovered during our title search of the public records. A title insurance policy will include an exception to matters that would be shown on a survey if a new survey is not available. Please let us know if you would like us to request quotes for survey work related to this transaction. III. Consultations. We will be available to you for consultations during the County’s evaluation of the Property. These consultations shall include general communications regarding the potential purchase of the Property. Our consultations do not include any work related to the preparation, submittal or prosecution of rezoning, annexation or other permit applications related to the Property. IV. Closing. If requested, we will conduct the closing on the purchase of the Property. Our fees for closing services, including, but not limited to, review of seller-side documents (deeds, lien affidavits, etc.), preparing a closing statement, coordinating the closing process and recording conveyance documents will be billed at the discounted hourly rate listed below and are not included in the “not to exceed” amount contained herein. V. WIRE INSTRUCTIONS & FRAUD NOTICE WIRE FRAUD IS PREVALENT IN REAL ESTATE TRANSACTIONS. SOPHISTICATED SCAMS INVOLVING FAKE EMAILS, PHONE CALLS, AND OTHER FRAUDULENT CONTACTS PUT YOUR MONEY AT RISK. OUR TRUST ACCOUNT WIRE INSTRUCTIONS TO BE USED FOR CLOSING, IF WE ASSIST WITH A CLOSING, HAVE BEEN PREVIOUSLY PROVIDED. BEFORE SENDING ANY WIRE, CALL OUR OFFICE AT Docusign Envelope ID: 3743ADF5-EEB7-43D0-AC47-6B203409F550