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STATE OF NORTH CAROLINA <br />AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY <br />COUNTY OF CABARRUS <br />THIS AGREEMENT ("Agreement"), is by and between Corporate Funding Associates Il, LLC <br />a(n) Limited Liability Company ("Buyer'), and <br />(individual or type of entity) <br />CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina ("Seller'). <br />FOR AND IN CONSIDERATON OF THE MUTUAL PROMISES SET FORTH AND OTHER GOOD AND VALUABLE <br />CONSIDERATON, THE RECEIPT AND SUFFICIENCY OF WHICH ARE ACKNOWLEDGED, THE PARTIES AGREE AS <br />FOLLOWS: <br />Section 1. Terms and Definitions: The terms listed below shall have the respective meaning given them <br />as set forth adjacent to each term. <br />(a) "Pro a ': (Address) 8325 NC Hwy 49 N. Mount Pleasant, NC 28124 <br />in Cabarrus <br />County, consisting of t1-20.2] acres. The PIN is and the prior deed reference is <br />Book Page of the Cabarrus Public Registry. The legal description or other <br />information about the Property is attached as Exhibit A and incorporated by reference. <br />$ 601,326.00 (b) "Purchase Price" shall mean the sum of Six -hundred, one -thousand, three -hundred, <br />twenty-six and no Dollars, <br />payable on the following terms: <br />$ 30,066.30 (1) "Earnest Money" shall mean a deposit of 5.0% of the Purchase Price, <br />which deposit is payable to the Cabarrus County Clerk to the Board <br />upon Buyer's execution of this Agreement. The Clerk is not an escrow <br />agent for purposes of this Agreement. Her duties relative to this <br />Agreement are defined by NortlrCamlina law. <br />$ 571,259.70 (ii) Cash balance of Purchase Price at Closing in the amount of <br />Five hundred, seventy-one thousand, Iwo -hundred fifty-nine and seventy cents Dollars. <br />(c) "Closin "shall mean the date of completion of the process detailed in Section 9 of this <br />Agreement. Closing shall occur on or before May, 25, 2018 , TIME IS OF THE ESSENCE AS <br />TO THE CLOSING DATE. <br />(d) "Contract Date" means the date this Agreement has been fully executed by both Buyer and <br />Seller. <br />Page 1 of 6 <br />Buyer Initials 'P Seller Initials Attachment number 4\n <br />G-3 Page 156 <br />