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<br />Exit Realty Southpoint
<br />1415 Hwy. 54 West, Suite 104
<br />Durham, NC 27707
<br />919-493-3110
<br />OFFER TO PURCHASE AND CONTRACT -VACANT LOT/LAND
<br />NOTE: This contract is intended for unimproved real property that Buyer will purchase only for personal use and will not subdivide. It
<br />should not be used to sell subdivided property that has not been platted, properly approved and recorded with the register of deeds as of
<br />the date of the contract. If Seller is Buyer's builder and the sale involves the construction of a new single family dwelling prior to closing,
<br />use the standard Offer to Purchase and Contract (Form 2-T) with the New Construction Addendum (Form 2A3-T).
<br />Sob Bar=ett
<br />Stepney Edwards
<br />as Buyer, hereby offers to purchase and
<br />Ollie Mcdade
<br />Bonnie Mcdade
<br />Saadra Mcdade
<br />as Seller, upon acceptance of said offer, agrees to sell and convey, all of that plot, piece or parcel of land described below (hereafter
<br />referred to as the "Property"),upon the following terms and conditions:
<br />1. REAL PROPERTY: Located in the City of E f 1 and
<br />Orange , State of North Cazolina,
<br />Street Address 1 school souse Ra
<br />C"rnmty of
<br />being known as and more particularly describedas:
<br />lip 27243
<br />NOTE: Governmental authority over taxes, zoning, school districts, utilities and mail delivery may differ from address shown.
<br />Subdivision Name n/a
<br />Plat Reference: Lot n/a ,Block or Section a/a a5 shown on
<br />Plat Book or Slide n/a at Page(s) n/a (Property acquired by Seller in Deed
<br />Book n/a at Page n/a )
<br />® All A portion of the property in Deed Reference: Book n/a Page No. n/a ,Orange County
<br />NOTE: Prior to signing this Offer to Purchase and Contract -Vacant Lot/Land, Buyer is advised to review Restrictive Covenants, if any,
<br />which may limit the use of the Property, and to read the Declaration of Restrictive Covenants, By-Laws, Articles of Incorporation,
<br />Rules and Regulations, and other governing documents of the owners' association and/or the subdivision, if applicable. If the Property
<br />is subject to regulation by an owners' association, it is recommended that Buyer obtain a copy of a completed Owners' Association
<br />Disclosure And Addendum (standard form 2A12-T) prior to signing this Offer to Purchase and Contract, and include it as an addendum
<br />hereto.
<br />2. PURCHASE PRICE: The purchase price is $ s 1, 0 00 . and shall be paid in U.S. Dollars.
<br />Should any check or other funds paid by Buyer be dishonored, for any reason, by the institution upon which the payment is drawn,
<br />Buyer shall have one (1) banking day after written notice to deliver good funds to the payee. In the event Buyer does not
<br />timely deliver good funds, the Seller shall have the right to terminate this contract upon written notice to the Buyer. The purchase
<br />price shall be paid as follows:
<br />~) $ n/a , EARNESTMONEY DEPOSITwith this offer by ~ cash ~ personal check ~ bank check
<br />[] certified check other: option Money to be deposited
<br />and held in escrow by n/a ("Escrow Agent"); until the sale is
<br />closed, at which time it will be credited to Buyer, or until this contract is otherwise terminated. In the event: (1) this offer is not
<br />accepted; or (2) any of the conditions hereto are not satisfied, then all earnest monies shall be refunded to Buyer. In the event of
<br />breach of this contract by Seller, all earnest monies shall be refunded to Buyer upon Buyer's request, but such return shall not affect
<br />any other remedies available to Buyer for such breach. In the event of breach of this contract by Buyer, then all earnest monies shall
<br />be forfeited to Seller upon Seller's request, but such forfeiture shall not affect any other remedies available to Seller for such breach.
<br />NOTE: In the event of a dispute between Seller and Buyer over the return or forfeiture of earnest money held in escrow, a licensed
<br />real estate broker ("Broker") is required by state law (and Escrow Agent, if not a Broker, hereby agrees) to retain said earnest
<br />money in the Escrow Agent's trust or escrow account until Escrow Agent has obtained a written release from the parties consenting
<br />to its disposition or until disbursement is ordered by a court of competent jurisdiction. Alternatively, if a Broker is holding the Earnest
<br />This form jointly approved by: North Carolina Bar Association, North Carolina Association of REALTORS Inc.
<br />PREPARED BY: stepney edwards, broker
<br />aEALTOR"s STANDARD FORM 12-T Revised 1/2008 ©1/2008 suuaxasmc
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<br />y1~ ,$T®S tware, Oc2008, Version 6.17 Beta. Software Registered to: Office Manager, Exit Realty Southpoint ,{ :•
<br />:uyer i tials =J ` 05/21/08 14:24:04 Seller initials iJ~~ (Y// / , ~ " " 1.
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