AG 1998 06 15 - Laserfiche WebLink

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ST T . OF THIS OPTION T~'~CHASE',a'~ade as of the 21st day of June, 1993, between Tere~i~.'-.Eu4y'.(~married), hereinafter referred to as Seller, to Cabarrus County, a body politic and political subdivision of the State of North Carolina, hereinafter referred to as Buyer; W I T N E S S E T H: that -- The Seller, for good and valuable consideration in hand paid to her by Buyer, receipt of which is hereby acknowledged, does hereby give and grant unto Buyer, its successors, assigns, or representatives, the exclusive right and option to purchase that certain permanent, non-exclusive right-of-way and easement 20 feet in width for ingress,' egress and regress to, from and over the following property located on the south side of N. C. Highway 73, Cabarrus County, North Carolina, more particularly described as follows (the "Property"): BEGINNING at the Easement Stake No. 1 (the location of which is identified in that Deed for 3.066 acres from Cabarrus County to Teresa B. Eudy of even date herewith to which reference is hereby made); thence'S;- 80-i8-45. E., 20.65 feet to a new iron stake,"new'.corner of~Eudy and Cabarrus County in the former Baxter property;ithence two (2) lines with Cabarrus County as follows: (1) S. 4- 44-58 E., 234.26 feet to a new iron stake; '(2)-S%'24-05= 22 W., 83.46 feet to a new iron stake; thence through Eudy, a new line, S. 76-47-46 W., 197.66 feet to a new iron stake in the former Eudy/Baxter line; thence with the former Eudy/Baxter line, N. 2-52-04 E., 20.81 feet to a new iron stake, the Easement Stake No. 2; thence three (3) lines through Eudy as follows: (1) N. 76-47-46 E., 181.99 feet to a point; (2) N. 24-05-22 E., 68.41 feet to a point; (3) N. 4-44-58 E., 234.27 feet to the BEGINNING. The terms and conditions of this option are as follows: 1. Term. This option shall be for a period of f~ve (5) years and shall ~st and continue until 11:59 o'clock P.M,'on the 20th day of June, 1998. 2. Exercise. At any time during the option period, Buyer may exercise this option by hand delivery or deposit of written notice by certified or registered mail, return receipt requested, to Seller at the following address: P. O. Box 666, Mt. Pleasant, NC 28124.