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Richard M. Koch <br />County Attorney <br />3220 -201 Prosperity Church Road <br />Charlotte, North Carolina 28269 <br />Facsimile: (704) 503 -5707 <br />Telephone: (704) 503 -5700 <br />E -Mail: kochlaw @ctc.net <br />To Escrow Agent: Investors Title Insurance Company <br />Attn: Arnie Lindquist, Senior Escrow Coordinator <br />Physical Address: <br />121 North Columbia Street <br />Chapel Hill, NC 27514 <br />Mailing Address: <br />P.O. Drawer 2687 <br />Chapel Hill, N.C. 27515 <br />Email: aindquist@invtitle.com <br />Telephone: 919 - 945 -2605 <br />Any party shall have the right from time to time to change the address or individual's attention <br />to which Notices to it shall be sent by giving to the other party at least five (5) days' prior Notice <br />thereof. <br />13. Covenants, Warranties, and Representations Seller and Buyer each covenants, <br />represents and warrants (which covenants, representations and warranties shall be true as of the <br />Effective Date, all during the entire term of this Contract, and at the time of Closing) to the other, <br />knowing that the other is relying on each such representation, warranty and covenant, as follows: <br />Of Seller. <br />a. To the best of Sellers knowledge, neither is there an action, suit, investigation <br />or proceeding by or before any Court, arbitrator, administrative agency or other Authorities initiated <br />at any time, now pending or threatened, which involves Seller, or the Property, and which if adversely <br />determined would have a material adverse effect on the Property, nor is there, to the best of Seller's <br />knowledge, any state of facts, or occurrence of any event which might give rise to any of the foregoing. <br />b. To the best of Seller's knowledge, the execution, delivery and performance of <br />this Contract by Seller does not and will not result in any violation of, or be in conflict with or constitute <br />a default under, any provisions of any agreement, judgment, decree, order, statute, rule or governmental <br />regulation to which Seller is a party or which affects the Property. <br />C. To the best of Seller's knowledge with Seller having received no written notice <br />to the contrary, there are no proceedings for the taking of any of the Property by eminent domain, or <br />for changing the public access thereto from abutting streets, by any Authorities, pending or threatened. <br />on the Property. <br />d. To the best of Seller's knowledge, there were and are no underground storage tanks <br />Page 7 of 17 <br />Attachment number 8 \n <br />G -2 Page 137 <br />