Orange County NC Website
11 <br /> BK 5910 PG 933 DOC# 30131512 <br /> and the property hereinabove describes{are and shall be encumbered by this covenant. <br /> The Condominium is, as of the date of this Deed, a Leasehold Condominium pursuant to <br /> §2-106 of the North Carolina Condominium Act and that certain Ground Lease with the <br /> Town of Chapel Hill dated February 17,2011 (the "Ground Leaso")recorded in Book 5116, <br /> Page 342, Orange County Registry, and amended by the First Amendment to Ground Lease <br /> recorded in Book 5596, Page 394,and by the Second Amendment to Ground Lease recorded <br /> in Book 5670, Page 163, Orange County Registry, as assigned in Assignment and <br /> Assumption of Ground Lease in Hook 6222, Page 192, Orange County Registry. Absent an <br /> event of condemnation or a trigger of the right of first refusal as described in Sections 8 and <br /> 13 respectively, of the Ground Lease, Grantee's ownership of the Unit will be subject to the <br /> Ground Lease for at least the first 50 years after creation of the Condominium. <br /> TO HAVE AND TO HOLD the premises described herein, with all the appurtenances <br /> thereunto belonging, or in any wise appertaining, unto the Grantee, his/her/its heirs, successors and <br /> assigns, forever. <br /> And the Grantor covenants that it is possessed of the leasehold of said premises, and has the right to <br /> assign the interest herein described; that said premises are free from encumbrances (with the exceptions <br /> stated herein, if any), and that it will warrant and defend the said title to the same against the lawful <br /> claims of all persons whomsoever. <br /> Pursuant to N.C.G.S, §105.317.2, the Seller/Grantor states as follows: <br /> The property conveyed herein does/—does not include the primary residence of ilia Grantors. <br /> When reference is made to the Grantee, the singular shall include the plural, and the masculine shall <br /> include the feminine or the neuter. <br /> [signature page follows) <br />