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89/11/1997 18:83 784-788-8858 HARTSELL,SPAINHOUR,S PAGE 82 <br /> <br />NORTH CAROLINA <br /> <br />CABARRUS COUNTY <br /> <br />AGREEMENT TO EXCHANGE REA1. ESTA'IE <br /> <br /> THIS AGREEMENT, made and entered into this thc __day of <br /> <br />[997, by and between John C. EIar~offand Twin Willow Farm, parties of the first part: and, <br />Cabarrus County Board of Education, party of the second part; all of the County <br />Cabarrus, North Carolina. <br /> <br /> WITNESSETH:that-- <br /> <br /> WtIEREAS, subject to the terms and conditions herein .set out said parties have <br />contracted and agreed among themselves as follows: <br /> <br /> First: Said parties of the first part will make, execute, and deliver to said party of <br />the second part a good and suffi¢icm deed in fee simple with general warranty alld t'rc¢ <br />from encumbrances, a certain tract or parcel of land (hereinafter Tract A) lying and being <br />in Number 5 Township, Cabarrus County, North Carolina, and being morc particularly <br />described as follows: <br /> <br /> See Exhibit "A"Attached <br /> <br /> Second: Said party of the seaond part will make, execute, and deliver to said parties <br />of the first part a good and sufficient deed in fee simple with general warra~ty :,nd flee <br />from encumbrances a certain tract or parcel of land (hereinafter Tract 1t) lying a.d <br />in Number 5 Township, Cabanas County, North Carolina. and being more particularly <br />described as t~llows: <br /> <br /> See Exhibit "B" Attached <br /> <br /> Third: Both parties have de~ermined that Tract A and Tract B are of approximately <br />equal value and the consideration for this exchange shall be the receipt of property I'rom <br /> <br /> <br />