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11. Counterparts. This Option is executed in multiple counterparts with an executed <br />counterpart being retained by Buyer and Seller. Any party may cause this Option to be <br />recorded. <br /> <br /> 12. Applicable Law. This Option shall be governed by and construed.in accordance <br />with the laws of the State of North Carolina. <br /> <br /> 13. Captions and Headings. The captions and headings thrr~ughout this option are <br />for convenience and reference only and the words contained therein shall in no way be held to <br />define or add to the interpretation, construction or meaning of any provision of this option. <br /> <br /> 14. Brokerage Commission. Seller and Buyer each represent and warrant to the <br />other that, to the best of their knowledge, information and belief, no brokers or finders are or <br />shall be entitled to a commission or other compensation as a result of the transactions <br />contemplated hereby, and Seller and Buyer each agree to indemnify and hold the other harmless <br />from and against~any and all claims, demands or the cost and expense thereof arising outof any <br />alleged brokerage commission, fee or other compensation with respect to this Option based upon <br />an agreement alleged to have been made or other action alleged to have been taken by the <br />indemnifying party. <br /> <br /> 15. Acceptance Date. This Option and the obligations of Buyer herein are <br />conditioned upon this Option being executed by Seller and returned to Buyer on or before <br />September 15, 1992. If thls Option is not so executed and delivered it will be deemed null and <br />void and of no legal effect and the. Option Money shall be immediately returned to Buyer. <br /> <br /> IN WITNESS WHEREOF, Buyer and Seller have each caused this instrument to be duly <br />executed and sealed by them respectively all as of the day and year f'u'st above written. <br /> <br />Date Signed by Seller: September 15 , 1992 <br /> <br />SELLER: <br /> <br />CABARRUS COUNTY, a governmental subdivision of the <br />State of North Carolina <br /> <br />ATTEST: <br /> <br />Clerk to the Board <br /> <br />[SIGNATC~,.ES CONTINUED] <br /> <br />-6- <br /> <br /> <br />