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2025-165-E-AMS-Capkov-Purchase land for the Crisis Diversion Center on Waterstone Drive
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2025-165-E-AMS-Capkov-Purchase land for the Crisis Diversion Center on Waterstone Drive
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Last modified
4/30/2025 8:22:59 AM
Creation date
4/30/2025 8:22:49 AM
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Contract
Date
4/23/2025
Contract Starting Date
4/23/2025
Contract Ending Date
4/25/2025
Contract Document Type
Contract
Amount
$1,385,300.00
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<br /> <br /> <br />jurisdiction the Escrowed Funds, together with any such legal pleadings as it deems appropriate. In <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 /> <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 party will be entitled to any of the benefits <br />hereunder, except as expressly provided herein. <br /> <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 /> <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 /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the day, month <br />and year first above written. <br /> <br />SELLER: <br /> <br />Capkov Ventures, Inc. <br /> <br />By: ______________________________ <br />Name: ____________________________ <br />Title: _____________________________ <br /> <br /> <br />PURCHASER: <br /> <br />Orange County, North Carolina <br /> <br />By: ______________________________ <br />Name: ____________________________ <br />Title: _____________________________ <br /> <br />ESCROW AGENT: <br />Investors Title Insurance Company, <br />a North Carolina corporation <br /> <br />By: ______________________________ <br />Name: ____________________________ <br />Title: _____________________________ <br /> <br /> <br /> <br /> <br />Docusign Envelope ID: 6FA32B3A-54E4-43D1-ADFC-0E9AD5C2D12E <br />4/23/2025 <br />4/24/2025 <br />4/25/2025
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