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Agenda - 04-15-2025; 6-b - Purchase of Property for the Crisis Diversion Facility
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Agenda - 04-15-2025; 6-b - Purchase of Property for the Crisis Diversion Facility
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4/10/2025 3:37:08 PM
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4/15/2025
Meeting Type
Business
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Agenda
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6-b
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Agenda for April 15, 2025 BOCC Meeting
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27 <br /> such an event,Escrow Agent will have the right to charge an administrative fee of$500.00 toward <br /> its costs,which will be in addition to any Escrow Agent fee charged. At Escrow Agent's discretion, <br /> all applicable fees charged by Escrow Agent may be withheld from the Escrowed Funds tendered <br /> to the court. Purchaser and Seller will indemnify and hold harmless Escrow Agent for all of its <br /> expenses,costs and reasonable attorneys'fees incurred in connection with such interpleader action <br /> in excess of$500.00. Escrow Agent will have the right to deduct its unpaid fee and any costs it has <br /> incurred for overnight delivery charges or wire transfer fees from the Escrowed Funds prior to <br /> disbursement. <br /> 8. The terms and provisions of this Addendum are for the benefit of Seller, Purchaser, and Escrow <br /> Agent and their respective successors and assigns only. Nothing contained herein will be deemed <br /> or construed to inure to the benefit of any other person or party,it being the express intent of Seller, <br /> Purchaser, and Escrow Agent that no such person or parry will be entitled to any of the benefits <br /> hereunder, except as expressly provided herein. <br /> 9. This Addendum is intended as a contract under the laws of the State of North Carolina and will be <br /> governed thereby and construed in accordance therewith. <br /> 10. This Addendum may be executed by electronic signatures, which for all purposes will be deemed <br /> to constitute originals. This Addendum may be executed in counterparts, all of which when taken <br /> together will be deemed one original. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the day, month <br /> and year first above written. <br /> SELLER: PURCHASER: <br /> Capkov Ventures,Inc. Orange County,North Carolina <br /> By: By: <br /> Name: Name: <br /> Title: Title: <br /> ESCROW AGENT: <br /> Investors Title Insurance Company, <br /> a North Carolina corporation <br /> By: <br /> Name: <br /> Title: <br />
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