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CABARRU~ COUNTY Sellen McLamb Realty Co. Inc. P.O. Box 8 Little River, South Carolina 29~6 Attachment C Buyen Hers: 1. SELLER agrees to Sell, and BUYER agrees to purchase, Lot in Osprey Lake Subdivision with a TMS # of Imown as . , Concord, N.~. 2802S and more particularly desen*oed on nthcbed F.,h~it "A% 2. The Purchase Price of the property is $ payable as follows: $ on the exe,~__~ion of tiffs agreement and the BUYER agFceS and promises to pay to the SE!,I ,F,R'S assigns, the principal balance of S payable in 240 monthly ina~llme~nts of $ which includes interest from date ofthls agreement atl~ percent per.annum, First payment shall be duc ,nd payable on , and the monthly pnymeuts shall be due and payable on the flFst day or each calendar month thereafter. All rcmsinlndo principal and accrued interest shall be due and payable on or before ,20 3. The property is subject to certain restrictive covenants of record for OSPREY LAKE SUBDIVISION. By exeenfioa of this Sales agreement Bu~ar agrees to be bound by adhere to said restrictive covenants, and that a copy of same has been provided to BUYER. 4. NOTICE; "A'. There will be a $2~.00 late fec payment for any payment not received by SEI.I,g.R bythe 10th of the month in which the payment is du~ "B". There will be a 12~.00 serw'ce charge on all returned checl~ "C'. There will be a $50.00 fee for any correspondence regarding delinquent payments. 5. This Sales A~rcment my be assigned, conveyed, eaenmbercd or transferred by SELLER without consent of BUYER, and BI~R hereby agrees to provide SELLER with any further infomation of doenmentation required by Seller assign, convey, encumber or transfer this Sales Agreement, lucluding but not limited to anthori~Ing SEI.IXR to obtsin a credit report on BT~r~R at any time during this Sales Agreement. This Sales Agreement shall not be ~ssigned* conveyed, encumbered or iransferredby BUYER* Any attempt to assign, convey, encumber or tr~nM'¢r any interest in this Sales Agreement or the property subject to this Sales Agreement shall conafitdte an event of default by BITY~ and SELLER shall have the option to accelerate the total amount due under this Sales Agreement. 6. BUYER is entitled to use of the preml~s so long as this Sales Agreement is not in default, but any work done on the premises or any improvements placed thereon shall be entirely at BUYER'S risk, and in the event of default, tach improvements as BUYER may have made or placed on the premt~as shall become the property of the SELLER. 7. Failure of BUYER to m~_lr~ payments on or before due date shah terminate all rights of the. BIJ~R onder this agreement and SELI~ my retain all amounts paid without accountability to BUYER. Time is of the ess~ce and no extension, forbearance or any contemporaneom or subsequent agreements tn any way modil~ing the above payment schedule shah be valid unless executed in wri/h~g by the SE! I.~R* On default BUYER Wffi quit the prembes, failing wMch, he may be evicted as a tenant with lease broken, and wi~ent any right to compensation for any improvements. There is a ten (10) day grace period during which payments will not be considered in de~anlt. "CONTINUED"