|
OFFER TO PURCHASE AND CONTRACT
<br />
<br />Cabarrus County, a body politic , as Buyer,
<br />hereby offers to purchase and James E. Patterson , as Seller,
<br />upon acceptance of said offer, agrees to sell and convey, all of that plot, p~ece or parcel of land described below, together with all improvements
<br />located thereon and such fixtures and personal property as are listed below (collectively referred to as "the Property"), upon the following terms and
<br />
<br />conditions:
<br />1. REAL PROPERTY: Located in the City of ., County of
<br />Cabarrus , State of Nodh Carolina, being known as and more particularly described as:
<br /> Zip
<br />
<br />Street Address
<br />
<br />· Legal Description: 28 acres more or less having PIN #4681-97-7698
<br />
<br />( [] All [] A portion of the property in Deed Reference: Book , Page No. , County.)
<br />NOTE: Prior to signing the Offer to Purchase and Contract, Buyer is advised to review Restrictive Covenants, if any, Which may limit the use of the
<br />Property, and to read the Declaration of Restrictive Covenants, By-Laws, Articles of Incorporation, Rules and Regulations, and other governing
<br />documents of the owne?s' association and/or the ~ubdivision, if applicable.
<br />
<br />2. FIXTURES: The following items, if any. &re inc!.uded in the ptJ.rcha_s.e price free of ens any bu t- n app ances, light fixtures, ceiling fans,
<br />attached floor coverings, blinds and shades including window hardware, window and door screens, storm Windows, combination doors, awnings,
<br />antennas, satellite dishes and receivers, burglaflfire/smoke alarms, pool and spa equipment, sola'i' energy systems, attached fireplace screens, gas
<br />logs, fireplace inserts, electric garage door openers with controls, outdoor plants and trees (other than in movable containers), basketball goals,
<br />storage sheds, mailboxes, wall and/or door mirrors, and any items attached or affixed to the Property, EXCEPT the following items:
<br />none
<br />
<br />3. PERSONAL PROPERTY: The following personal property is included in the purchase price: none
<br />
<br />· 4. PURCHASE PRICE: The purchase price is $ See Exhibit A attached and shall be paid as follows:
<br /> (a) $ , EARNEST MONEY DEPOSIT by [] cash [] personal check [] bank check [] certified check [] other
<br /> to be deposited and held in escrow by ,
<br /> escrow agent, until the sale is closed, at which time it will be credited to Buyer, or until this contract is otherwise terminated. In the event: (1) this
<br /> offer is not accepted; or (2) any of the conditions hereto are not satisfied, then all earnest monies shall be returned to Buyer. In the event of breach
<br /> of this contract by Seller, upon Buyer's request, all earnest monies shall be returned to Buyerl but such return shall not affect any other remedies
<br /> available to Buyer for such breach. In the event this offer is accepted and Buyer breaches this contract, then all earnest monies shall be forfeited
<br /> upon Seller's request, but receipt of such forfeited earnest monies 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 by a broker, the broker is
<br /> required by state law to retain said earnest money in the broker's trust or escrow account until a written release from the parties consenting to its
<br /> disposition has been obtained or until disbursement is ordered by a court of competent jurisdiction.
<br /> (b) $ , ADDITIONAL EARNEST MONEY DEPOSIT to be paid to escrow agent no later than
<br /> (c) $ , BY ASSUMPTION of the unpaid principal balance and all obligations of Seller on the existing loan (s)
<br /> secured by a deed of trust on the Property in accordance with the attached Loan Assumption Addendum.
<br /> (d) $ , BY SELLER FINANCING in accordance with the attached Seller Financing Addendum.
<br /> (e) $ , BALANCE of the purchase price in cash a;t closing.
<br />
<br />
<br />
|