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EXHIBIT C OWNER AFFIDAVIT AND INDEMNITY AGREEMENT (NO RECENT IMPROVEMENTS AND NO EXECUTORY CONTRACTS FOR IMPROVEMENTS) PARTIES: All parties identified in this section must execute this Agreement. OWNER: LOUIS AUGUSTUS FENNELL and wife, NANCY JEFFRIES FENNELL, as Co-Trustees of THE LOUIS AND NANCY FENNELL LIVING TRUST,u/a dated June 29,2015 PROPERTY: Lying and Being in Ward Number Four (4)of the City of Concord, Number Twelve (12)Township, Cabarrus County, North Carolina,in the Northeastern corner of the intersection of Corban Avenue,Southwest,and Spring Street,Southwest,adjoining the property of Weddington and Mitchell and Morris Brothers,and being more fully described as follows: BEGINNING at an iron stake in the Northeastern corner of the intersection of Corban Avenue and Spring Street(said iron stake being at the edge of the sidewalk on Spring Street and 2.0 feet from the edge of the sidewalk on West Corban Street),and runs thence with the North side of Corban Avenue parallel with the 2.0 feet from the sidewalk on said street,North 51 East 75.0 feet to an iron stake,a corner of Weddington and Mitchell; thence with their line, North 41-15 West 102.2 feet to an iron stake,a corner of Weddington and Mitchell in the line of Morris Brothers; thence with their line,South 53-30 West 73.5 feet to an iron stake at the edge of the sidewalk on Spring Street; thence with the edge of the sidewalk on Spring Street,South 39 East 106.5 feet to the BEGINNING,and being the same property as conveyed to the Grantor herein named by deed dated February 23,2016, and recorded in Book 11834, Page 0237, Cabarrus County Registry. DEFINITIONS: The following capitalized terms as used in this Agreement shall have the following meanings: • Improvement: All or any part of any building, structure, erection, alteration, demolition, excavation, clearing, grading, filling, or landscaping,including trees and shrubbery,driveways,and private roadways on the Property as defined below. • Labor, Services or Materials: ALL labor, services, materials for which a lien can be claimed under NCGS Chapter 44A, Article 2, including but not limited to professional design services (including architectural, engineering, landscaping and surveying) and/or rental equipment. • Contractor: Any person or entity who has performed or furnished or has contracted to perform or furnish Labor, Services or Materials pursuant to a contract,either express or implied,with the Owner of real property for the making of an Improvement thereon. (Note that services by architects, engineers, landscapers,surveyors,furnishers of rental equipment and contracts for construction on Property of Improvements are often provided before there is visible evidence of construction.) • 120-Day Lien Period: The 120 days immediately preceding the date of recordation of the latter of the deed to purchaser or deed of trust to lender in the Office of the Register of Deeds of the county in which the Property is located. • Owner: Any person or entity, as defined in NCGS Chapter 44A,Article 2,who has or has had any interest in the Property within the 120-Day Lien Period. For the purposes of this Agreement, the term Owner includes: (i)a seller of the Property or a borrower under a loan agreement secured by the Property; (ii)a person with rights to purchase the Property under a contract and for whom an Improvement is made and who ordered the Improvement to be made; and (iii)the Owner's successors in interest and agents of the Owner acting within their authority. • Company: The title insurance company providing the title policy for the transaction contemplated by the parties herein. • Property: The real estate described above or on Exhibit A and any leaseholds, tenements, hereditaments, and improvements placed thereon. • All defined terms shall include the singular or plural as required by context. AGREEMENT: For good and valuable consideration,the receipt and sufficiency of which is hereby acknowledged,and as an inducement to the purchase of the Property by a purchaser and/or the making of a loan by a lender secured by a deed of trust encumbering the Property and the issuance of a title insurance policy or policies by Company insuring title to the Property without exception to liens for Labor, Services or Materials;Owner first being duly sworn,deposes,says and agrees: 1. Certifications: Owner certifies that at no time during the 120-Day Lien Period have any Labor, Services or Materials been furnished in connection with a contract,express or implied,for Improvements to the Property(including architectural,engineering, landscaping or surveying services or materials or rental equipment for which a lien can be claimed under NCGS Chapter 44A)nor have any Labor,Services or Materials been furnished on the Property prior to the 120-Day Lien Period that will or may be completed after the date of this affidavit OR only minor repairs and/or alterations to pre-existing Improvements have been made and Owner certifies such repairs and/or alterations have been completed and those providing Labor,Services or Materials for the repairs have been paid in full. The Owner further certifies that no Mechanics Lien Agent has been appointed. Owner further certifies that there are no outstanding leases affecting the Property entered into by Owner and that there are no parties rightfully in possession other than Owner. 2. Reliance and Indemnification: This Agreement may be relied upon by the purchaser in the purchase of the Property,a lender to make a loan secured by a deed of trust encumbering the Property and by Company in issuance of a title insurance policy or policies insuring title to the Property without exception to matters certified in this Agreement. The provisions of this Agreement shall survive the disbursement of funds and closing of this transaction and shall be binding upon Owner and anyone claiming by,through or under Owner. Page 21 of 27 Attachment number 1 \n G-4 Page 152