Jane Lemmond Buyer Packet 2022

Buyer Handbook

About Us

Who

We’re the people you want at your side. Friends at heart. Professionals in practice and mind. We train our agents to be the best. Then we back them up with a world-class team.

Every agent of ours must meet a certain experience level and criteria to join us.

Where

Charlotte. The Queen City. Our first love. Our home.

As agents, we know this city’s neighborhoods like our closest circle of friends. We tend to this relationship as much as we do our connections to you. Place matters. Knowledge counts.

How

Agents who help more people end up better at their jobs. It’s like going to the gym — the more you go, the better your results. This is why we only have full-time, fully committed agents. We train them constantly on the changing market, new tech, negotiation strategies and people skills.

We get to work with top-of-the-line agents. You get what you want, wrapped in the best possible experience.

hello neighbor!

About Me

• Having lived in Washington, Arizona, New York, Florida, and North Carolina, Jane has extensive personal experience relocating.

• Lemmond joined Dickens Mitchener in 1998 but after two successful years, she relocated to Jacksonville, FL. There she worked at Prudential Network Realty and honed her skills in the competitive Florida market.

• In 2006, Lemmond rejoined the Dickens Mitchener team.

• Buying, renovating and selling her own homes has given her invaluable insight into assessing opportunities in the residential market.

• Prior to a career in real estate, Lemmond worked in the fashion, banking, and home furnishing industries.

• Lemmond is married and has two sons in school. The oldest is at Queens Unversity, and the younger is attending Charlotte Catholic High School.

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• South Carolina Association of REALTORS®

• Dickens Mitchener Top Producer 2010-2022

• Lemmond also has personal knowledge regarding the schools, specialists, and other resources available in the Charlotte area for students with learning differences.

Fun Facts

• Member of Luxury Division for Leading Real Estate Companies of the World®

• Member NEFAR 2000-2006

• Lemmond loves to garden and search for treasures at flea markets.

• Jane is also passionate about “green” architecture and sustainable development.

• Interior design & architecture student at heart!

• Loves finding and researching historical Charlotte properties!

Statistics

Community

Own A Home?

OPEN UP POSSIBILITIES FOR OTHERS

THERE’S STRENGTH IN NUMBERS. Never has that been truer than when coming together in the real estate community to combat homelessness.

THE HOMEOWNERS IMPACT FUND, a designated 501(c)3 nonprofit, invites participants who are in the home closing process to make a small donation that adds up to a substantial gift to local organizations working to lift men, women and children out of homelessness. Because when you harness the power of community, you can weather any storm.

HOW IT WORKS

If you’re fortunate enough to have a roof over your head, please consider supporting the Homeowners Impact Fund to help others in need. Funds raised are distributed directly to reputable nonprofit organizations that support individuals and families in finding a path out of homelessness.

Every day, you experience the joy of a place to call home. Every day, more than 3,000 people in the Charlotte area experience homelessness. Every day, more than 580,000 people across the US experience homelessness. Together, we can make a difference.

MAKE AN IMPACT

Become a supporter by following this link: homeowersimpactfund.org/donate For more information, email info@homeowersimpactfund.org www.homeownersimpactfund.org We are #InWith10 #AHomeForAll

The Process

The Home Buying Process

Meet With A Real Estate Broker

Discuss the type of home you’re looking for, including style, price and location.

THE BUYER’S ADVANTAGE: As the home buyer, your agent’s commission is paid by the seller of the home in almost all circumstances. This means your representation costs you nothing!

Get Pre-Approved

You will need pay stubs, W2s and bank statements. Knowing what you can afford is critical to a succesful home buying experience.

Search For Homes

The fun part! Your agent will schedule showings and help you find the perfect home.

ADVANCED SEARCH: not all real estate websites are the same. Your real estate professional has tools and systems to ensure you see every available home that meets your criteria.

Make An Offer

Your agent will prepare the offer based on the price and terms you choose.

Negotiating & Contract

Your agent will offer advice on best strategies and negotiate.

DEPOSITS: Due diligence fee is due immediately upon going under contract, with the Earnest Money due within 5 days.

Under Contract

You and the seller have agreed to the price and terms.

Due Diligence

You will hire an attorney and inspector. You will order a survey and appraisal.

Preparing For Closing

You will be finalizing your loan, reviewing documents and securing your homeowners insurance policy.

Closing

The transfer of funds and ownership. An attorney typically acts as an independent third party to facilitate the CLOSING.

Due Diligence Timeline CONTRACT DATE

DUE DILIGENCE PERIOD END DATE

Due Diligence Period

This is your opportunity to conduct inspections, perform surveys, and work with your lender to arrange financing (if applicable)

Buyer’s Right To Terminate

You may terminate your contract during this period for any reason or no reason. If you terminate, you forfeit your due diligence fee only. If you continue to closing, your due diligence fee is credited towards your purchase price.

After DDP Ends

After your DDP ends, you may have several days or weeks before closing (depending on the terms of your contract).

Termination after DDP Ends

Should you terminate your contract after your due diligence period ends, you will forfeit both your due diligence fee AND your earnest money deposit.

Under Contract Guide

In order to provide you with the very best service, the following is a guide to let you know what to expect as we move toward closing.

ONCE CONTRACT IS SIGNED & DELIVERED TO YOU DURING DUE DILIGENCE PERIOD

Immediately proceed with your loan process & inform me of the lender you’ve chosen

Set file up for closing with an attorney

Perform inspections & specialized evaluations

Negotiate repairs with seller

Attorney to perform title search & order a property survey

Lender to order appraisal and other HOA documents

Review any restrictive covenants, bylaws if applicable

Obtain homeowners insurance

Confirm your desire to move forward with the contract

2-3 WEEKS BEFORE CLOSING

Arrange for utilities to be connected or transferred for the day of closing (see Convenience List)

Schedule re-inspection of repair items and obtain proof complete

Determine if you prefer re-inspections or a walk-through and we can schedule those

Schedule final walk-through on the day before closing

Confirm day and time keys will be released to you

Schedule movers & deliveries

Schedule appointment to wire funds to attorney for closing

DAY OF CLOSING OR DAY BEFORE CLOSING

Perform a final walk-through of your new home

Receive and review your Closing Disclosure statement

Wire funds to attorney

All buyers must bring drivers license to close

AFTER CLOSING

Welcome Home!

Applying For A Loan

Lenders require that you complete several forms for your home loan application. Some of the forms need to be entirely filled out, signed and dated. Others only need to be signed and dated in certain sections.

Below is a list of items that your lender will need from you.

Photo I.D. Pay stubs for past 30 days

Employment history for the past 2 years

Bank statements for the past 2 months

W2’s/1099 for the past 2 years

Past two years’ federal tax returns

Address history for the past 2 years

Signed copy of offer to purchase & contract

IF APPLICABLE:

Gift letter (If you are having someone help you with the down payment)

Year-to-date profit and loss statement and balance sheet (if self-employed)

List of any other properties owned

Divorce decree (if applicable)

Complete bankruptcy documents (if you have declared bankruptcy in the last 10 years)

Buying Costs & Fees

Below is a list of typical buying costs and definitions. Some charges may not apply to your situation.

Appraisal Fee: $400-$800 varies by loan type and property. Charged by the appraiser for an estimate of the value of the home.

Attorney Fee: $800+. Charged by the closing attorney providing title search & facilitating closing.

Credit Report: $15-$75, obtained through a credit reporting agency to ascertain the buyer’s debts, payment habits, etc.

Discount Points: If desired to reduce the interest rate, one point is 1% of the loan amount. They are charged by the lender as a yield on a certain interest rate.

General Home Inspections: $450+, professional evaluation of the condition of the home.

Homeowners Insurance: Usually 14+ months required at closing for first years worth of coverage plus extra for escrow account.

Loan Origination Fee: Usually 1% of the loan amount, charged by the lender for processing the loan documents and the closing documents.

Prepaid Interest: Interest is charged at closing for the day of closing plus any days left in the month of closing.

Private Mortgage Insurance: Fees differ depending on percentage of down payment. Required to offset foreclosures on loans with less than 20% down.

Recording Fees (Deeds): $25+. Charged to record the legal documents that transfer title to the property.

Real Property Taxes: Annual tax bill will be pro-rated at closing.

Structural Inspection: $500+. If required, checks potential structural defects of the house.

Survey: $500+. Provides plat with lot dimensions, easements, encroachments, setbacks.

Termite Letter: $85-$120, required by the lender to be certain the home is free from wood destroying insects & pests.

Title Insurance: $2/$1000 of sales price. Protects buyer from loss sustained by back taxes, liens or encumbrances.

Resources

Homebuyer’s Glossary

Appraisal: A written analysis of the estimated value of a property prepared by a qualified appraiser.

Buyer Agent: Agent who acts solely on the buyer’s behalf. The agent has full fudiciary responsibilities, which includes reasonable care, individual loyalty, confidentiality and full disclosure. This means the agent places the buyer’s interest above all else.

Private Mortgage Insurance: Fees differ depending on percentage of down payment. Required to offset foreclosures on loans with less than 20% down.

Closing: A meeting at which a sale of a property is finalized by the buyer signing the mortgage documents paying closing cost and transfer of the deed to the property.

Closing Disclosure: A detailed cash accounting of a real estate transaction showing all cash received, all charges and credits made and all cash paid out in the transaction.

Competitive Market Analysis (CMA): A comparison of the prices of recently sold homes that are similar to the home listed in terms of location, style and amenities.

Contingency: A provision in a contract that requires a certain act to be done or a certain event to occur before the contract becomes binding.

Counteroffer: A new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror.

Deed: A document which, when properly executed, conveys title of real property.

Deed of trust: An instrument used to create a mortgage lien by which the borrower conveys title to a trustee, who hold it as security for the benefit of the note holder (the lender).

Disclosure: To make known or public. By law, a seller of real property must disclose facts that affect the value or desirability of the property. Unless exempt, the seller completes and signs specific disclosure forms, including the Residential Property Disclosure Statement, to disclose those material facts.

Due Diligence: The due diligence period in a home purchase contract is the time during which the buyer conducts any and all inspections of the home that she/he chooses.

Due Diligence Fee: This is a process in which a buyer will give a non-refundable fee directly to the seller in order to have time to inspect, appraise and do their due diligence in determining if they will close on the home.

Earnest Money Deposit: A deposit made by the potential homebuyer to show that he/she is serious about buying the house.

Fixture: An item of personal property that has been converted to real property by being permanently affixed.

Homebuyer’s Glossary

Foreclosure: The legal process by which a mortgage lender (mortgagee) or other lien holder obtains a termination of a mortgage borrower (mortgagor’s) equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).

Home Inspection: A thorough inspection that evaluates the structural and mechanical condition of a property.

Homeowners Association (HOA): An organized group of homeowners whose members help to regulate and enforce the rules and standards of their respective communities.

HVAC: An acronym for heating, ventilation and air-conditioning.

Loan-to-Value Ratio: The relationship between the amount of the mortgage loan and the value of the real estate being pledged as collateral.

Listing Agent: The person(s) who represents the seller in the real estate transaction.

Market Value: The most probable price property will bring in an open market under normal conditions.

Multiple Listing Service (MLS): A marketing organization composed of member brokers who agree to share their listing agreements with one another in the hope of producing ready, willing and able buyers for their properties more quickly than they could on their own.

Radon: A naturally occurring inert and radioactive gas formed by the decaying chair of uranium in the earth. It is an odorless, colorless gas and hence, undetectable to the human sense. The particular hazardous chemical can only be detected by correct testing by a professional.

Realtor®: A person who acts as an agent for the sale and purchase of buildings and land; a real estate agent.

Recording: The act of entering or recording documents affecting or conveying interest in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective against subsequent purchasers or mortgages.

Short Sale: A sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the lien’s full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.

Survey: A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachment and other physical features.

Time is of the essence: A phrase in a contract that requires the performance of a certain act within a stated period of time.

Title Insurance: A policy insuring the owner or mortgagee against loss by reason of defects in the title to a parcel real estate, other than encumbrances, defects and matters specifically excluded by the policy.

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Charlotte, North Carolina

Mecklenburg County

Thisformisrequiredforuseinallsalestransactions,includingresidentialandcommercial.

WorkingWithRealEstateAgentsDisclosure (ForBuyers)

IMPORTANT

Thisformis notacontract.Signingthisdisclosureonlymeansyouhavereceivedit.

●Inarealestatesalestransaction,itisimportantthatyouunderstandwhetheranagentrepresentsyou.

●Realestateagentsarerequiredto(1)reviewthisformwithyouatfirstsubstantialcontact-beforeaskingforor receivingyourconfidentialinformationand(2)giveyouacopyofitafteryousignit.Thisisforyourown protection.

●Do notshareanyconfidentialinformationwitharealestateagentorassumethattheagentisactingonyour behalfuntilyouhaveenteredintoanagreementwiththeagenttorepresentyou.Otherwise,theagentcan shareyourconfidentialinformationwithothers.

NotetoAgent: Checkallrelationshiptypesbelowthatmayapplytothisbuyer.

BuyerAgency: Ifyouagree,theagentwhogaveyouthisform(andtheagent'sfirm)wouldrepresentyou asabuyeragentandbeloyaltoyou.Youmaybeginwithanoralagreement,butyouragentmustenterintoawritten buyeragencyagreementwithyoubeforemakingawrittenofferororalofferforyou.Thesellerwouldeitherbe representedbyanagentaffiliatedwithadifferentrealestatefirmorbeunrepresented.

DualAgency: Dualagencywilloccurifyoupurchaseapropertylistedbythefirmthatrepresentsyou.If youagree,therealestatefirm andanyagentwiththesamefirm(company),wouldbepermittedtorepresentyou and theselleratthesametime.Adualagent'sloyaltywouldbedividedbetweenyouandtheseller,butthefirmandits agentsmusttreatyouandthesellerfairlyandequallyandcannothelpyougainanadvantageovertheotherparty.*

DesignatedDualAgency: Ifyouagree,therealestate firmwouldrepresentbothyouandtheseller,but thefirmwoulddesignateoneagenttorepresentyouandadifferentagenttorepresenttheseller.Eachdesignatedagent wouldbeloyalonlytotheirclient.*

*Anyagreementbetweenyouandanagentthatpermitsdualagencymustbeputinwritingnolaterthanthetimeyoumake anoffertopurchase.

UnrepresentedBuyer (Sellersubagent):Theagentwhogaveyouthisformmayassistyouinyour purchase,butwill notberepresentingyouandhasnoloyaltytoyou.Theagentwillrepresenttheseller.Donotshare anyconfidentialinformationwiththisagent.

ThisEXCLUSIVEBUYERAGENCYAGREEMENT("Agreement")isenteredinto(Date) , between asBuyer(s)("Buyer"), and ("Firm") astheBuyer'sexclusiveagenttoassisttheBuyerintheacquisitionofrealpropertywhichmayincludeanypurchase,optionand/or exchangeontermsandconditionsacceptabletoBuyer.TheindividualagentwhosignsthisAgreementonbehalfoftheFirmshall,on behalfoftheFirm,beprimarilyresponsibleforensuringthattheFirm'sdutieshereunderarefulfilled;however,itisunderstoodand agreedthatotheragentsoftheFirmmaybeassignedtofulfillsuchdutiesifdeemedappropriatebytheFirm.Forpurposesofthis Agreement,theterm"Firm,"asthecontextmayrequire,shallbedeemedtoincludetheindividualagentwhosignsthisAgreement andanyotheragentsoftheFirm.

NOTE: IftheBuyerisacorporation,limitedliabilitycompany,trustorotherlegalentity,theentityshouldbenamedasBuyeranda dulyauthorizedofficer,manager,trusteeorotherlegalrepresentativeoftheentityshouldsignthisAgreementontheentity'sbehalf. Buyerrepresentsthat,asofthecommencementdateofthisAgreement,theBuyerisnotapartytoabuyerrepresentation agreementwithanyotherrealestatefirm.Buyerhasreceivedacopyofthe“WORKINGWITHREALESTATEAGENTS” disclosureandhasrevieweditwithFirm.BuyerfurtherrepresentsthatBuyerhasdisclosedtoFirminformationaboutany propertiesofthetypedescribedinparagraph1belowthatBuyerhasvisitedatanyopenhousesorthatBuyerhasbeenshown byanyotherrealestatefirm.

1.

2. EFFECTOFAGREEMENT. Buyerintendstoacquirerealpropertyofthetypedescribedinparagraph1. ByemployingFirmas Buyer'sexclusiveagent,BuyeragreestoconductallnegotiationsforsuchpropertythroughFirm,andtorefertoFirmallinquiries receivedinanyformfromotherrealestatefirms,prospectivesellersoranyothersource,duringthetimethisAgreementisineffect

3. TERMOFAGREEMENT. ThetermofthisAgreement(“Term”)shallbeginon andshall terminateasfollows(checkappropriatebox):

(Forbuyerswhointendtopurchaseasingleproperty):ThisAgreementshallterminatewhenBuyeracquiresrealpropertyof thetypedescribedinparagraph1,or11:59p.m.on ,whicheveroccurssooner.

(Forbuyerswhomaypurchasemorethanoneproperty):ThisAgreementshallterminateat11:59pmon

4. COMPENSATIONOFFIRM.

(a)Firmacknowledgesreceiptofanon-refundableretainerfeeintheamountof$ which shallshallnotbecreditedtowardanycompensationdueFirmunderthisAgreement.

(b)BuyeragreesthatFirm'sfeeforserviceshereundershallbeintheamountof ("Fee") (Insertdollaramount,percentageofpurchaseprice,orothermethodofdeterminingFirm'scompensationforeachtypeof propertytheBuyermaypurchase,suchasresale,newconstruction,land/lotand/orunrepresentedseller.DonotinsertN/A orazero($0)).

(i)FirmshallseektheFeefromacooperatinglistingfirm(throughthelistingfirm'sofferofcompensationinMLSor otherwise)orfromthesellerifthereisnolistingfirm,andBuyeragreesthatFirmshallbeentitledtoreceivesamein considerationforFirm'sserviceshereunder.

(ii)IfBuyerpurchasespropertywherethecompensationofferedbythelistingfirmand/orsellerislessthantheFee,or wherenocompensationisofferedbyeitherthelistingfirmortheseller,BuyerandFirmagreethatBuyerwillpaythe differencebetweentheFeeandthecompensationofferedunlessprohibitedbylaw.FirmwilltimelyinformBuyerifthe compensationofferedislessthanexpected.

(iii)Ifadditionalcompensation,incentive,bonus,rebateand/orothervaluableconsideration

(c)Thecompensationshallbedeemedearnedunderanyofthefollowingcircumstances:

(i)If,duringthetermofthisAgreement,Buyer,anyassigneeofBuyeroranyperson/legalentityactingonbehalfofBuyer directlyorindirectlyentersintoanagreementtopurchase,option,and/orexchangeanypropertyofthetypedescribed aboveregardlessofthemannerinwhichBuyerwasintroducedtotheproperty;or

(ii)If,within daysafterexpirationofthisAgreement(“ProtectionPeriod”),Buyerentersintoacontract toacquirepropertyintroducedtoBuyerduringthetermofthisAgreementbyFirmoranythirdparty,unlessBuyerhas enteredintoavalidbuyeragencyagreementwithanotherrealestatefirm;or

(iii)If,havingenteredintoanenforceablecontracttoacquirepropertyduringthetermofthisAgreement,Buyerdefaults underthetermsofthatcontract.

(d)ThecompensationwillbedueandpayableatdistributionofproceedsfromsaleofthePropertybytheclosingattorneyor uponBuyer'sdefaultofanypurchaseagreement.IfBuyerdefaults,thetotalcompensationthatwouldhavebeenduetheFirm willbedueandpayableimmediatelyincashfromtheBuyer.NoassignmentofrightsinrealpropertyobtainedforBuyeror anyassigneeofBuyeroranyperson/legalentityactingonbehalfofBuyerpursuanttothisAgreementshalloperatetodefeat anyofFirmrightsunderthisAgreement.

NOTE: Buyerunderstandsandacknowledgesthatthereisthepotentialforaconflictofinterestgeneratedbyapercentageof pricebasedfeeforrepresentingBuyer.Theamount,formatorrateofrealestatecommissionisnotfixedbylaw,butissetby eachbrokerindividually,andmaybenegotiablebetweenBuyerandFirm.

(e)IfBuyerpurchasesunimprovedproperty,AgentmayassistBuyerinidentifyingacontractortomakeimprovementsonthe property,subjecttotheprovisionsofparagraph10.Buyeracknowledgesandunderstandsthatinsuchacase,thecontractormay offertocompensateAgent.AgentshalldisclosetoBuyertheexistenceofsuchanofferofcompensationbeforeBuyerentersinto acontractwiththecontractor,andBuyerherebyconsentstothereceiptbyAgentofanysuchcompensation.

5. OTHERPOTENTIALBUYERS.

BuyerunderstandsthatotherprospectivepurchasersrepresentedbyFirmmayseekproperty, submitoffers,andcontracttopurchasepropertythroughFirm,includingthesameorsimilarpropertyasBuyerseekstopurchase. Buyeracknowledges,understandsandconsentstosuchrepresentationofotherprospectivepurchasersbyFirmthroughitsagents.

6. FIRM'SDUTIES.

(a) General. DuringthetermofthisAgreement,FirmshallpromotetheinterestsofBuyerby:

(i)performingthetermsofthisAgreement;

(ii)seekingpropertyatapriceandtermsacceptabletoBuyer;

(iii)presentinginatimelymannerallwrittenoffersorcounterofferstoandfromBuyer;

(iv)disclosingtoBuyerallmaterialfactsrelatedtothepropertyorconcerningthetransactionofwhichFirmhasactual knowledge;and

(v)accountingforinatimelymannerallmoneyandpropertyreceivedinwhichBuyerhasormayhaveaninterest.

(b) Confidentiality. UnlessotherwiseprovidedbylaworBuyerconsentsinwritingtothereleaseoftheinformation,Firmshall maintaintheconfidentialityofallpersonalandfinancialinformationandothermattersidentifiedasconfidentialbyBuyer,ifthat informationisreceivedfromBuyerduringthebrokeragerelationship.

(c) Standardofcare. InsatisfyingFirm'sduties,Firmshallexerciseordinarycare,complywithallapplicablelawsand regulations,andtreatallprospectivesellershonestlyandnotknowinglygivethemfalseinformation.

(d) Representationofothers. Firmmayshowthesamepropertytootherbuyers,representotherbuyers,representsellers relativetootherproperties,orprovideassistancetoasellerorprospectivesellerbyperformingministerialactsthatarenot inconsistentwithFirm'sdutiesunderthisAgreement.

(e) Submissionofinformationtolistingservice. Uponclosingofanysaleofpropertynotenteredinalistingserviceofwhich Firmisamember,BuyerauthorizesFirmtosubmitpertinentinformationconcerningtheproperty,includingsalesprice,tosuch listingservice.

7. DISCLOSUREOFBUYER'SNAME/MAILINGADDRESS.

(a)UnlessotherwisestatedinParagraph13below,FirmhasBuyer'spermissiontodiscloseBuyer'sname. (b)InaccordancewithNCGeneralStatutesSection93A-12,ifadisputeregardingthereturnorforfeitureofanyearnestmoney depositarisesbetweenBuyerandthesellerofanyrealpropertyBuyermayagreetopurchase,theescrowagentholdingthe depositmaydepositthedisputedmonieswiththeappropriateClerkofCourtfollowingwrittennoticetotheparties.Intheevent ofanysuchdispute,BuyerdirectsFirmtodiscloseBuyer'slastknownmailingaddresstotheescrowagentuponrequesttoenable theescrowagenttocomplywiththenoticerequirementofsuchlaw.

TOTHISAGREEMENTWITHOUTRESPECTTOTHERACE,COLOR,RELIGION,SEX,NATIONALORIGIN, HANDICAPORFAMILIALSTATUSOFANYPARTYORPROSPECTIVEPARTY.FURTHER,REALTORS®HAVE ANETHICALDUTYTOCONDUCTSUCHACTIVITIESWITHOUTRESPECTTOTHESEXUALORIENTATIONOR GENDERIDENTITYOFANYPARTYORPROSPECTIVEPARTY.

WARNING: BuyerLetterstoSeller.Personalletterstosellersexpressingwhyabuyerwishestopurchaseaseller'spropertyisa tacticsometimesusedtoattempttomakeabuyer'sofferstandouttotheseller.Suchlettersoftencontainpersonalinformationand revealcharacteristicsofthebuyerwhichcouldbeused,knowinglyorthroughunconsciousbias,asabasisfortheseller'sdecisionto acceptorrejectanofferthatmayviolateStateandFederalFairHousinglaws.Inordertoavoidpotentialliabilityforunlawful discriminationaswellastheappearanceofimpropriety,BuyershoulddiscusswithFirmhowanysuchletterswillbehandled.

9. BUYER'SDUTIES.

BuyeragreestocooperatewithFirmintheacquisitionofrealpropertyofthetypedescribedinparagraph1, includingbutnotlimitedto:

(a)workingexclusivelywithFirmduringthetermofthisAgreement;

(b)immediatelyreferringtoFirminformationaboutanypropertiesBuyermayhaveaninterestinexamining;

(c)complyingwiththereasonablerequestsofFirmtosupplyanypertinentfinancialorpersonaldataneededtofulfilltheterms ofthisAgreement;

(d)beingavailableforreasonableperiodsoftimetoexamineproperties;

(e)examiningpropertiesonlybyappointmentsmadebyorthroughFirmandaccompaniedbyanagentofFirm;

(f)conductingallnegotiationsandcommunicationsthroughFirm;

(g)conductingallduediligenceonpropertyinconsultationwithFirm;and

(h)payingforallproductsand/orservicesrequiredintheexaminationandevaluationofproperties(examples:surveys, water/soiltests,titlereports,propertyinspections,etc.).

10.

OTHERPROFESSIONALADVICE.

InadditiontotheservicesrenderedtoBuyerbytheFirmunderthetermsofthis Agreement,Buyerisadvisedtoseekotherprofessionaladviceinmattersoflaw,taxation,financing,insurance,surveying,wooddestroyinginsectinfestation,structuralsoundness,engineering,buildingconstruction,andothermatterspertainingtoanyproposed transaction.AlthoughFirmmayprovideBuyerthenamesofproviderswhoclaimtoperformsuchservices,Buyerunderstandsthat Firmcannotguaranteethequalityofserviceorlevelofexpertiseofanysuchprovider.Buyeragreestopaythefullamountdueforall servicesdirectlytotheserviceproviderwhetherornotthetransactioncloses.BuyeralsoagreestoindemnifyandholdFirmharmless fromandagainstanyandallliability,claim,loss,damage,suit,orexpensethatFirmmayincureitherasaresultofBuyer'sselection anduseofanysuchproviderorBuyer'selectionnottohaveoneormoreofsuchservicesperformed.

BuyeracknowledgesreceiptofasamplecopyofanOffertoPurchaseAndContractforreviewpurposes. BuyeracknowledgesreceiptofasamplecopyofaProfessionalServicesDisclosureandElectionform(form#760)forreview purposes.

11. HOMEWARRANTY. ThesellerofanypropertyBuyermaybeinterestedinbuyingmayormaynotprovideahomewarranty asapartofanysale.Ifthesellerdoesnotprovideahomewarranty,Buyermayelecttopurchaseone.Buyerunderstandsthatalthough FirmwillassistBuyerinidentifyingavailablehomewarrantyproducts,Buyermustreferspecificquestionsregardingcoverage affordedbyanysuchproducttotheproviderthereof.IfFirmassistsBuyerinobtainingahomewarranty,afeeof willbeofferedtoFirmbythepersonorentitythroughorfromwhichanyhomewarrantyis obtainedascompensationtoFirmforitsassistanceinobtainingthehomewarranty,andBuyerherebyconsentstoFirm'sreceiptof suchfee. 12.

DUALAGENCY. BuyerunderstandsthatthepotentialfordualagencywillariseifBuyerbecomesinterestedinviewing propertylistedwithFirm.Firmmayrepresentmorethanonepartyinthesametransactiononlywiththeknowledgeandinformed consentofallpartiesforwhomFirmacts.

(a) DisclosureofInformation. IntheeventFirmservesasadualagent,Buyeragreesthatwithoutpermissionfromtheparty aboutwhomtheinformationpertains,Firmshallnotdisclosetotheotherpartythefollowinginformation:

(1)thatapartymayagreetoaprice,terms,oranyconditionsofsaleotherthanthoseoffered;

(2)themotivationofapartyforengaginginthetransaction,unlessdisclosureisotherwiserequiredbystatuteorrule;and (3)anyinformationaboutapartywhichthatpartyhasidentifiedasconfidentialunlessdisclosureisotherwiserequiredby statuteorrule.

(b) Firm'sRoleasDualAgent. IfFirmservesasagentforbothBuyerandasellerinatransaction,Firmshallmakeevery reasonableefforttorepresentBuyerandsellerinabalancedandfairmanner.Firmshallalsomakeeveryreasonableeffortto encourageandeffectcommunicationandnegotiationbetweenBuyerandseller.Buyerunderstandsandacknowledgesthat:

(1)Priortothetimedualagencyoccurs,FirmwillactasBuyer'sexclusiveagent;

(2)InitsseparaterepresentationofBuyerandseller,Firmmayobtaininformationwhich,ifdisclosed,couldharmthe bargainingpositionofthepartyprovidingsuchinformationtoFirm;

(3)FirmisrequiredbylawtodisclosetoBuyerandselleranyknownorreasonablyascertainablematerialfacts.

BuyeragreesFirmshallnotbeliabletoBuyerfor(i)disclosingmaterialfactsrequiredbylawtobedisclosed,and(ii)refusingor failingtodiscloseotherinformationthelawdoesnotrequiretobedisclosedwhichcouldharmorcompromiseoneparty'sbargaining positionbutcouldbenefittheotherparty.

(c) Buyer'sRole.ShouldFirmbecomeadualagent,Buyerunderstandsandacknowledgesthat:

(1)BuyerhastheresponsibilityofmakingBuyer'sowndecisionsastowhattermsaretobeincludedinanypurchaseand saleagreementwithasellerclientofFirm;

(2)BuyerisfullyawareofandunderstandstheimplicationsandconsequencesofFirm'sdualagencyroleasexpressed hereintoprovidebalancedandfairrepresentationofBuyerandsellerandtoencourageandeffectcommunication betweenthemratherthanasanadvocateorexclusiveagentorrepresentative;

(3)Buyerhasdeterminedthatthebenefitsofdualagencyoutweighanydisadvantagesoradverseconsequences;

(4)BuyermayseekindependentlegalcounseltoassistBuyerwiththenegotiationandpreparationofapurchaseandsale agreementorwithanymatterrelatingtothetransactionwhichisthesubjectmatterofapurchaseandsaleagreement.

ShouldFirmbecomeadualagent,Buyerwaivesallclaims,damages,losses,expensesorliabilities,otherthanforviolationsofthe NorthCarolinaRealEstateLicenseLawandintentionalwrongfulacts,arisingfromFirm'sroleasadualagent.Buyershallhavea dutytoprotectBuyer'sowninterestsandshouldreadanypurchaseandsaleagreementcarefullytoensurethatitaccuratelysetsforth thetermswhichBuyerwantsincludedinsaidagreement.

(d) DesignatedDualAgency. Whenarealestatefirmrepresentsboththebuyerandsellerinthesamerealestatetransaction,the firmmay,initsdiscretion,offerdesignateddualagency.Ifoffered,designateddualagencypermitsthefirm,withthepriorexpress approvalofboththebuyerandseller,todesignateoneormoreagentstorepresentonlytheinterestsofthesellerandadifferent agent(s)torepresentonlytheinterestsofthebuyer,unlessprohibitedbylaw.

NOTE: Anindividualagentmaynotbedesignatedtorepresentapartyinatransactionifthatagenthasreceivedconfidential informationconcerningtheotherpartyinconnectionwiththetransaction.

OR

(e) Authorization/Direction (initialeitherDualAgencyorExclusiveRepresentation).

DualAgency.BuyerauthorizestheFirmtoactasadualagent,representingboththeBuyerandtheseller,subjectto thetermsandconditionssetforthinParagraph14.

BuyerDOESDOESNOTauthorizethesameindividualagenttorepresentboththeBuyerandthesellerina transaction.

(alsoinitialifFirmoffersdesignateddualagencyandBuyerauthorizesdesignateddualagency) DesignatedDualAgency.InadditiontoauthorizingFirmtoactasadualagent,BuyerauthorizesanddirectsFirmto designateanindividualagent(s)torepresenttheBuyerandadifferentindividualagent(s)torepresenttheseller. Firmwillpracticedesignateddualagencyunless:(i)designatedagencywouldnotbepermittedbylawdueto circumstancesexistingatthetimeofthetransaction,or(ii)BuyerauthorizesFirminwritingtoremainindual agencyonly.

ExclusiveRepresentation.BuyerdesiresexclusiverepresentationatalltimesduringthisagreementanddoesNOT authorizedualagency.

(f) DualAgencyCompensation. IftheFirmactsasadualagent(includingdesignatedagency),thetotalfeetheFirmexpectsto receiveforitsservicesinrepresentingBuyerandthesellershallbe

(Insertdollaramount,percentageofpurchaseprice,orothermethodofdeterminingFirm'scompensationforeachtypeofproperty suchasresale,newconstructionand/orland/lottheBuyermaypurchase.). THISWILLINNOWAYAFFECTORMODIFYTHE AMOUNTOFTHEFEESETFORTHINPARAGRAPH4ABOVETHATFIRMEXPECTSTORECEIVEFORITSSERVICES INREPRESENTINGBUYERUNDERTHISAGREEMENT.IntheeventBuyerisinterestedinpurchasingapropertywherethe Firm'stotalfeeisdifferentfromthatdescribedinthissubparagraph(f),theFirmshalltimelydisclosethefeetoBuyerandconfirmit inwritingbeforeBuyermakesoracceptsanoffertobuyorsellanysuchproperty.

15. TERMINATION/BREACH/MEDIATION/ATTORNEYS'FEES.

(a) Termination. BuyeracknowledgesandunderstandsthatthisAgreementconstitutesabinding,exclusivecontractbetween BuyerandFirmfortheentireTermstatedabove.Buyer'swithdrawalfromthefiduciaryrelationshipexistingbetweenBuyerandFirm priortotheExpirationDateofthisAgreement,orBuyer'sexecutionofabuyeragencyagreementwithanotherfirmthatbecomes effectiveduringtheTermofthisAgreement,wouldbeamaterialbreachofthisAgreementunlessithasbeenterminatedinwritingby mutualconsentofBuyerandFirmorforlegally-sufficientcause,andanysubsequentpurchaseofrealpropertyofthetypedescribed inparagraph1duringtheTermmayentitleFirmtotheFeedescribedinparagraph4(b).

(b) Breach. IfBuyerisinmaterialbreachofthisAgreement,FirmwillbeentitledtopursueallremediesavailabletoFirmfor suchbreach,includingbutnotlimitedtorecoveryoftheFeedescribedinparagraph4(b).ThisprovisionisinadditiontoFirm'sright totheFeeifBuyerbreachesanenforceablecontracttoacquirepropertyaftertheFeehasbeenearnedinaccordancewithparagraph 4(c).IfFirmisinmaterialbreachofthisAgreement,BuyerwillbeentitledtopursueallremediesavailabletoBuyerforsuchbreach.

(c) Mediation. IfadisputearisesoutoforrelatedtothisAgreementorthebreachthereof,andifthedisputecannotbesettled throughnegotiation,thepartiesagreefirsttotryingoodfaithtosettlethedisputebymediationbeforeresortingtoarbitration, litigation,orsomeotherdisputeresolutionprocedure.Iftheneedformediationarises,thepartieswillchooseamutuallyacceptable mediatorandwillsharethecostofmediationequally.

(d) Attorneys'Fees. IflegalproceedingsarebroughtbyFirmorBuyeragainsttheother,thepartiesagreethatapartyshallbe entitledtorecoverreasonableattorneys'feestotheextentpermittedunderN.C.Gen.Stat.§6-21.2.

16. ENTIREAGREEMENT/CHANGES. ThisAgreementconstitutestheentireagreementbetweenBuyerandFirmrelatingtothe subjectthereof,andanyprioragreementspertainingthereto,whetheroralorwritten,havebeenmergedandintegratedintothis Agreement.ThisAgreementmaybesignedinmultipleoriginalsorcounterparts,allofwhichtogetherconstituteoneandthesame instrument.NomodificationofanyofthetermsofthisAgreementshallbevalid,bindingupontheparties,orentitledtoenforcement unlesssuchmodificationhasfirstbeenreducedtowritingandsignedbybothBuyerandFirm. NOTE: BuyershouldconsultwithFirmbeforevisitinganyresaleornewhomesorcontactinganyotherrealestatefirmrepresenting sellers,toavoidthepossibilityofconfusionoverthebrokeragerelationshipandmisunderstandingsaboutliabilityforcompensation.

17. SURVEILLANCE: Buyerisadvisedtobemindfulofthefactthattherecouldbevideo/audio/surveillancedevice(s)locatedon anypropertyexaminedbyBuyerandthatBuyerorBuyer'srepresentativesmaybeundersurveillanceduringanysuchexamination. FederalandStatelawsprohibittheinterceptionofanoralcommunicationthroughtheuseofanyelectronic,mechanical,orother device,whetherornotrecorded,withouttheconsentofapartytothatcommunication.However,videosurveillancewithoutconsentis notillegal.

18. PHOTOGRAPHSANDVIDEO: Unlessapropertyownerhasnotifiedthepublicthatphotographyandvideorecordingis prohibited,itispermissibletophotographorvideotheinteriorofprivatepropertysincetheowner'spermissiontoentertheproperty impliespermissiontodoso.However,undernocircumstancesmayBuyertakephotographsorvideosthatintrudeonaproperty owner'sreasonableexpectationsofprivacy.

Buyershouldonlyphotographorvideothingsthatarein"plainview".Forexample,takingaphotoorvideoofthecontentsofa medicinecabinetoroffinancialrecordsinadeskdrawerwouldbeimpermissible.Inaddition,anypermittedphotographyorvideo shouldbeusedonlyinamannerrelateddirectlytoBuyer'sexaminationandpurchaseofaproperty.TAKINGIMPERMISSIBLE PHOTOGRAPHSORVIDEOSORUSINGTHEMFORANIMPERMISSIBLEPURPOSECOULDSUBJECTBUYERTOCIVIL LIABILITY.

BuyeracknowledgesandunderstandsthatneitherFirmnoritsagentshavecontroloverinformationaboutanypropertyBuyermay purchasethathasbeenplacedontheInternetinconnectionwiththemarketingofanysuchpropertyforsale,whetherbyorthrougha listingserviceorotherwise,includingbutnotlimitedtophotographs,andthatanysuchinformationwillnotberemovedfollowing Buyer'spurchaseofanysuchproperty.

BUYERSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATANUMBERTHATISINDEPENDENTLY OBTAINED.TOENSURETHATTHECONTACTISLEGITIMATE,BUYERSHOULDNOTRELYONAPHONE NUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,BUYER'SREALESTATEAGENTOR ANYONEELSE.

Buyeracknowledgesandunderstandsthattherearerisksassociatedwithwiretransfersthatarenotwithinthereasonable controlofFirm,andBuyerherebyagreestoreleaseanddischargeFirmandFirm'sagentsfromanyandallclaims,demands, rightsandcausesofactionofwhatsoeverkindandnaturenotcausedbygrossnegligenceofFirmorFirm'sagentsarising directlyorindirectlyoutofanywiretransferBuyersendsorreceives/wastoreceiveinconnectionwithanyrealestate transactioninwhichFirmrepresentsbuyer.

NOTE:

OFFERTOPURCHASEANDCONTRACT

[Consult"Guidelines"(Form2G)forguidanceincompletingthisform]

Forvaluableconsideration,thereceiptandlegalsufficiencyofwhichareherebyacknowledged,BuyerofferstopurchaseandSeller uponacceptanceagreestosellandconveythePropertyonthetermsandconditionsofthisOfferToPurchaseandContractandany addendumormodificationmadeinaccordancewithitsterms(togetherthe"Contract").

1. TERMSANDDEFINITIONS: Thetermslistedbelowshallhavetherespectivemeaninggiventhemassetforthadjacentto eachterm.

(a) "Seller":

(b) "Buyer": (c) "Property": ThePropertyshallincludeallthatrealestatedescribedbelowtogetherwithallappurtenancestheretoincluding theimprovementslocatedthereonandthefixturesandpersonalpropertylistedinParagraphs2and3below.

ThePropertywillwillnotincludeamanufactured(mobile)home(s).(Ifamanufacturedhome(s)isincluded,Buyerand SellershouldincludetheManufactured(Mobile)HomeprovisionintheAdditionalProvisionsAddendum(StandardForm2A11T)withthisoffer.)

StreetAddress: City: Zip: County: ,NorthCarolina

NOTE: Governmentalauthorityovertaxes,zoning,schooldistricts,utilitiesandmaildeliverymaydifferfromaddressshown.

LegalDescription:(Complete ALL applicable) PlatReference:Lot/Unit ,Block/Section ,Subdivision/Condominium ,asshownonPlatBook/Slide atPage(s)

ThePIN/PIDorotheridentificationnumberofthePropertyis: Otherdescription: SomeorallofthePropertymaybedescribedinDeedBook atPage

paidinU.S.Dollarsuponthefollowingterms:

BYDUEDILIGENCEFEEmadepayableanddeliveredtoSellerbytheEffectiveDate bycashpersonalcheckofficialbankcheckwiretransfer electronictransfer(specifypaymentservice: )

BYINITIALEARNESTMONEYDEPOSITmadepayableanddeliveredtoEscrowAgent namedinParagraph1(f)bycashpersonalcheckofficialbankcheckwire transfer,electronictransferwithinfive(5)daysoftheEffectiveDateofthisContract.

BY(ADDITIONAL)EARNESTMONEYDEPOSITmadepayableanddeliveredtoEscrow AgentnamedinParagraph1(f)bycash,officialbankcheck,wiretransferorelectronic transfernolaterthan5p.m.on ,

TIMEBEINGOFTHEESSENCE bycashofficialbankcheckwiretransfer electronictransfer

BYASSUMPTIONoftheunpaidprincipalbalanceandallobligationsofSelleronthe existingloan(s)securedbyadeedoftrustonthePropertyinaccordancewiththeattached LoanAssumptionAddendum(StandardForm2A6-T).

BYSELLERFINANCINGinaccordancewiththeattachedSellerFinancingAddendum (StandardForm2A5-T).

BYBUILDINGDEPOSITinaccordancewiththeattachedNewConstructionAddendum (StandardForm2A3-T).

BALANCEofthePurchasePriceincashatSettlement(someorallofwhichmaybepaid withtheproceedsofanewloan).

NOTE::IfthepartiesagreethatBuyerwillpayanyfeeordepositdescribedabovebyelectronicorwiretransfer,Selleragreesto cooperateineffectingsuchtransfer,includingtheestablishmentofanynecessaryaccountandprovidinganynecessary informationtoBuyer,provided,however,Buyershallberesponsibleforadditionalcosts,ifany,associatedwithsuchtransfer.

ShouldBuyerfailtodelivereithertheDueDiligenceFeeoranyInitialEarnestMoneyDepositbytheirduedates,orshouldany checkorotherfundspaidbyBuyerbedishonored,foranyreason,bytheinstitutionuponwhichthepaymentisdrawn,Buyer shallhaveone(1)bankingdayafterwrittennoticetodelivercash,officialbankcheck,wiretransferorelectronictransfertothe payee.IntheeventBuyerdoesnottimelydelivertherequiredfunds,SellershallhavetherighttoterminatethisContractupon writtennoticetoBuyer,andSellershallbeentitledtorecovertheDueDiligenceFeetogetherwithallEarnestMoneyDeposit paidortobepaidinthefuture.Inaddition,Sellermaybeentitledtorecoverreasonableattorneyfeesandcourtcosts.See paragraph23foraparty'srighttoattorneys'feesincurredincollectingtheEarnestMoneyDepositorDueDiligenceFee.

(e) "EarnestMoneyDeposit": TheInitialEarnestMoneyDeposit,theAdditionalEarnestMoneyDepositandanyotherearnest moniespaidorrequiredtobepaidinconnectionwiththistransaction,collectivelythe“EarnestMoneyDeposit”,shallbe depositedpromptlyandheldinescrowbyEscrowAgentuntilClosing,atwhichtimeitwillbecreditedtoBuyer,oruntilthis Contractisotherwiseterminated.Intheevent:(1)thisofferisnotaccepted;or(2)aconditionofanyresultingcontractisnot satisfied,thentheEarnestMoneyDepositshallberefundedtoBuyer.Seeparagraph23forremediesintheeventofbreachofthis Contract.

(f) "EscrowAgent" (insertname): BuyerandSellerconsenttodisclosurebytheEscrowAgentofanymaterialfactspertainingtotheEarnestMoneyDeposittothe partiestothistransaction,theirrealestateagent(s)andBuyer'slender(s).

NOTE: IntheeventofadisputebetweenSellerandBuyeroverthedispositionoftheEarnestMoneyDepositheldinescrow,a licensedrealestatebroker(“Broker”)isrequiredbystatelaw(andEscrowAgent,ifnotaBroker,herebyagrees)toretainthe EarnestMoneyDepositintheEscrowAgent'strustorescrowaccountuntilEscrowAgenthasobtainedawrittenreleasefromthe partiesconsentingtoitsdispositionoruntildisbursementisorderedbyacourtofcompetentjurisdiction.Alternatively,ifaBrokeror anattorneylicensedtopracticelawinNorthCarolina("Attorney")isholdingtheEarnestMoneyDeposit,theBrokerorAttorney maydepositthedisputedmonieswiththeappropriateclerkofcourtinaccordancewiththeprovisionsofN.C.G.S.§93A-12.

THEPARTIESAGREETHATAREALESTATEBROKERAGEFIRMACTINGASESCROWAGENTMAYPLACETHE EARNESTMONEYDEPOSITINANINTERESTBEARINGTRUSTACCOUNTANDTHATANYINTERESTEARNED THEREONSHALLBEDISBURSEDTOTHEESCROWAGENTMONTHLYINCONSIDERATIONOFTHEEXPENSES INCURREDBYMAINTAININGSUCHACCOUNTANDRECORDSASSOCIATEDTHEREWITH.

(g) "EffectiveDate": Thedatethat:(1)thelastoneofBuyerandSellerhassignedorinitialedthisofferorthefinal counteroffer,ifany,and(2)suchsigningorinitialingiscommunicatedtothepartymakingtheofferorcounteroffer,asthecase maybe.ThepartiesacknowledgeandagreethattheinitialslinesatthebottomofeachpageofthisContractaremerelyevidence oftheirhavingreviewedthetermsofeachpage,andthatthecompleteexecutionofsuchinitialslinesshallnotbeaconditionof theeffectivenessofthisAgreement.

(h) "DueDiligence": Buyer'sopportunitytoinvestigatethePropertyandthetransactioncontemplatedbythisContract, includingbutnotnecessarilylimitedtothemattersdescribedinParagraph4below,todecidewhetherBuyer,inBuyer'ssole discretion,willproceedwithorterminatethetransaction.

(i) "DueDiligenceFee": Anegotiatedamount,ifany,paidbyBuyertoSellerwiththisContractforBuyer'srighttoterminate theContractforanyreasonornoreasonduringtheDueDiligencePeriod.ItshallbethepropertyofSellerupontheEffective DateandshallbeacredittoBuyeratClosing.TheDueDiligenceFeeshallbenon-refundableexceptintheeventofamaterial breachofthisContractbySeller,orifthisContractisterminatedunderParagraph23(b)orasotherwiseprovidedinany addendumhereto.BuyerandSellereachexpresslywaiveanyrightthattheymayhavetodenytherighttoconductDueDiligence ortoassertanydefenseastotheenforceabilityofthisContractbasedontheabsenceorallegedinsufficiencyofanyDue DiligenceFee,itbeingtheintentofthepartiestocreatealegallybindingcontractforthepurchaseandsaleoftheProperty withoutregardtotheexistenceoramountofanyDueDiligenceFee.Seeparagraph23foraparty'srighttoattorneys'fees incurredincollectingtheDueDiligenceFee.

(j) "DueDiligencePeriod": TheperiodbeginningontheEffectiveDateandextendingthrough5:00p.m.on TIMEBEINGOFTHEESSENCE.

(k) "Settlement": Theproperexecutionanddeliverytotheclosingattorneyofalldocumentsnecessarytocompletethe transactioncontemplatedbythisContract,includingthedeed,settlementstatement,deedoftrustandotherloanorconveyance documents,andtheclosingattorney'sreceiptofallfundsnecessarytocompletesuchtransaction.

(l) "SettlementDate": ThepartiesagreethatSettlementwilltakeplaceon (the"SettlementDate"),unlessotherwiseagreedinwriting,atatimeandplacedesignatedbyBuyer.

NOTE: Seeparagraph12, DELAYINSETTLEMENT/CLOSING forconditionsunderwhichSettlementmaybedelayed.

(m) "Closing": ThecompletionofthelegalprocesswhichresultsinthetransferoftitletothePropertyfromSellertoBuyer, whichincludesthefollowingsteps:(1)theSettlement(definedabove);(2)thecompletionofasatisfactorytitleupdatetothe PropertyfollowingtheSettlement;(3)theclosingattorney'sreceiptofauthorizationtodisburseallnecessaryfunds;and(4) recordationintheappropriatecountyregistryofthedeed(s)anddeed(s)oftrust,ifany,whichshalltakeplaceassoonas reasonablypossiblefortheclosingattorneyafterSettlement.UponClosing,theproceedsofsaleshallbedisbursedbytheclosing attorneyinaccordancewiththesettlementstatementandtheprovisionsofChapter45AoftheNorthCarolinaGeneralStatutes.If thetitleupdateshouldrevealunexpectedliens,encumbrancesorothertitledefects,oriftheclosingattorneyisnotauthorizedto disburseallnecessaryfunds,thentheClosingshallbesuspendedandtheSettlementdeemeddelayedunderParagraph12(Delay inSettlement/Closing).

WARNING: TheNorthCarolinaStateBarhasdeterminedthattheperformanceofmostactsandservicesrequiredforaclosing constitutesthepracticeoflawandmustbeperformedonlybyanattorneylicensedtopracticelawinNorthCarolina.Statelaw prohibitsunlicensedindividualsorfirmsfromrenderinglegalservicesoradvice.Althoughnon-attorneysettlementagentsmay performlimitedservicesinconnectionwithaclosing,theymaynotperformalltheactsandservicesrequiredtocompletea closing.Aclosinginvolvessignificantlegalissuesthatshouldbehandledbyanattorney.Accordinglyitisthepositionofthe NorthCarolinaBarAssociationandtheNorthCarolinaAssociationofREALTORS®thatallbuyersshouldhireanattorney licensedinNorthCarolinatoperformaclosing.

(n) "SpecialAssessments": AchargeagainstthePropertybyagovernmentalauthorityinadditiontoadvaloremtaxesand recurringgovernmentalservicefeesleviedwithsuchtaxes,orbyanowners'associationinadditiontoanyregularassessment (dues),eitherofwhichmaybealienagainsttheProperty.

NOTE: Buyer'sandSeller'srespectiveresponsibilitiesforthepaymentofSpecialAssessmentsareaddressedinparagraphs6(a) and8(k).

(b) SpecifiedItems: BuyerandSelleragreethatthefollowingitems,ifpresentonthePropertyonthedateoftheoffer,shallbe includedinthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinsubparagraphs(d)or(e)below.ALLITEMS LISTEDBELOWINCLUDEBOTHTRADITIONALAND“SMART”VERSIONSANDANYEXCLUSIVELYDEDICATED, RELATEDEQUIPMENTAND/ORREMOTECONTROLDEVICES.

● Alarmandsecuritysystems(attached)forsecurity,fire, smoke,carbonmonoxideorothertoxinswithallrelated accesscodes,sensors,cameras,dedicatedmonitors,hard drives,videorecorders,powersuppliesandcables; doorbells/chimes

● Allstoves/ranges/ovens;built-inappliances;attached microwaveoven;venthood

● Antennas;satellitedishesandreceivers

● Basketballgoalsandplayequipment(permanentlyattached orin-ground)

● Ceilingandwall-attachedfans;lightfixtures(including existingbulbs)

● Fireplaceinsert;gaslogsorstarters;attachedfireplace screens;woodorcoalstoves

● Floorcoverings(attached)

● Garagedooropeners

● Generatorsthatarepermanentlywired

● Invisiblefencingwithpowersupply

● Landscapeandoutdoortreesandplants(exceptin moveablecontainers);raisedgarden;landscapeand foundationlighting;outdoorsoundsystems;permanent irrigationsystems;rainbarrels;landscapewaterfeatures; addressmarkers

● Mailboxes;mountedpackageandnewspaperreceptacles

● Mirrorsattachedtowalls,ceilings,cabinetsordoors;all bathroomwallmirrors

● Storageshed;utilitybuilding

● Swimmingpools;spas;hottubs(excludinginflatablepools, spas,andhottubs)

● Solarelectricandsolarwaterheatingsystems

● Sump-pumps,radonfansandcrawlspaceventilators;dehumidifiersthatarepermanentlywired

● Surface-mountingbracketsfortelevisionandspeakers; recess-mountedspeakers;mountedintercomsystem

● Thermostats

● Watersupplyequipment,includingfilters,conditioningand softenersystems;re-circulatingpumps;wellpumpsand tanks

● Window/Doorblindsandshades,curtain/draperyrodsand brackets,doorandwindowscreensandcombinationdoors, awningsandstormwindows

(c) Unpairing/deletingdatafromdevices: PriortoClosing,Sellershall“unpair”anydevicesthatwillconveyfromanypersonal propertydevices(hubs,intelligentvirtualassistants,mobiledevices,vehicles,etc.)withwhichtheyarepaired,deletepersonaldata fromanydevicesthatwillconvey,andrestorealldevicestofactorydefaultsettingsunlessotherwiseagreed.Seller'sobligationsunder thisparagraph2(c)shallsurviveClosing. NOTE:ANYFIXTUREOROTHERITEMDESCRIBEDINSUBPARAGRAPHS(a)AND(b)THATWILLNOTBEA PARTOFTHESALESHOULDBEIDENTIFIEDINSUBPARAGRAPHS(d)OR(e),ASAPPLICABLE. (d)

3. PERSONALPROPERTY: ThefollowingpersonalpropertypresentonthePropertyonthedateoftheoffershallbetransferred toBuyeratclosingatnovalue:

NOTE:ANYPERSONALPROPERTYTHATWILLBEAPARTOFTHESALESHOULDBEIDENTIFIEDINTHIS PARAGRAPH. BuyerisadvisedtoconsultwithBuyer'slendertoassurethatthePersonalPropertyitemslistedabovecanbe includedinthisContract.

4. BUYER'SDUEDILIGENCEPROCESS:

WARNING:BUYERISSTRONGLYENCOURAGEDTOCONDUCTDUEDILIGENCEDURINGTHEDUEDILIGENCE PERIOD. IfBuyerisnotsatisfiedwiththeresultsorprogressofBuyer'sDueDiligence,BuyershouldterminatethisContract, PRIORTOTHEEXPIRATIONOFTHEDUEDILIGENCEPERIOD,unlessBuyercanobtainawrittenextensionfromSeller.

SELLERISNOTOBLIGATEDTOGRANTANEXTENSION.AlthoughBuyermaycontinuetoinvestigatethePropertyfollowing theexpirationoftheDueDiligencePeriod,Buyer'sfailuretodeliveraTerminationNoticetoSellerpriortotheexpirationoftheDue DiligencePeriodwillconstituteawaiverbyBuyerofanyrighttoterminatethisContractbasedonanymatterrelatingtoBuyer'sDue Diligence.Providedhowever,followingtheDueDiligencePeriod,BuyermaystillexercisearighttoterminateifSellerfailsto materiallycomplywithanyofSeller'sobligationsunderParagraph8ofthisContractorforanyotherreasonpermittedundertheterms ofthisContractorNorthCarolinalaw.

(a) Loan: Buyer,atBuyer'sexpense,shallbeentitledtopursuequalificationforandapprovaloftheLoanifany.

NOTE: ThereisnoloanorappraisalcontingencyinthisOfferToPurchaseandContract.Therefore,Buyerisadvisedtoconsultwith Buyer'slenderpriortosigningthisoffertoassurethattheDueDiligencePeriodallowssufficienttimefortheloanprocessandfor Buyer'slendertoprovideBuyersufficientinformationtodecidewhethertoproceedwithorterminatethetransaction.

(b) PropertyInvestigation: BuyerorBuyer'sagentsorrepresentatives,atBuyer'sexpense,shallbeentitledtoconductall desiredtests,surveys,appraisals,investigations,examinationsandinspectionsofthePropertyasBuyerdeemsappropriate, includingbutNOTlimitedtothefollowing:

(i) Inspections: InspectionstodeterminetheconditionofanyimprovementsontheProperty,thepresenceofunusual drainageconditionsorevidenceofexcessivemoistureadverselyaffectinganyimprovementsontheProperty,thepresenceof asbestosorexistingenvironmentalcontamination,evidenceofwood-destroyinginsectsordamagetherefrom,andthe presenceandlevelofradongasontheProperty.

(ii) ReviewofDocuments: ReviewoftheDeclarationofRestrictiveCovenants,Bylaws,ArticlesofIncorporation,Rules andRegulations,andothergoverningdocumentsofanyapplicableowners'associationand/orsubdivision.IfthePropertyis subjecttoregulationbyanowners'association,itisrecommendedthatBuyerreviewthecompletedResidentialPropertyand Owners'AssociationDisclosureStatementprovidedbySellerpriortosigningthisoffer.Itisalsorecommendedthatthe Buyerdetermineiftheowners'associationoritsmanagementcompanychargesfeesforprovidinginformationrequiredby Buyer'slenderorconfirmingrestrictivecovenantcompliance. (iii)

(x) SpecialAssessments: InvestigationoftheexistenceofSpecialAssessmentsthatmaybeunderconsiderationbya governmentalauthorityoranowners'association.

(c) Sale/LeaseofExistingProperty: Asnotedinparagraph5(b),unlessotherwiseprovidedinanaddendum,thisContractis notconditioneduponthesale/leaseorclosingofotherpropertyownedbyBuyer.Therefore,ifBuyermustsellorleaseotherreal propertyinordertoqualifyforanewloanortootherwisecompletethepurchaseoftheProperty,Buyershouldseektocloseon Buyer'sotherpropertypriortotheendoftheDueDiligencePeriodorbereasonablysatisfiedthatclosingonBuyer'sother propertywilltakeplacepriortotheSettlementDateofthisContract.

(d) Repair/ImprovementNegotiations/Agreement:Buyeracknowledgesandunderstandsthefollowing:

● Unlessthepartiesagreeotherwise,THEPROPERTYISBEINGSOLDINITSCURRENTCONDITION.

● Sellermay,butisnotrequiredto,engageinnegotiationsforrepairs/improvementstotheProperty.

Buyerisadvisedtomakeanyrepair/improvementrequestsinsufficienttimetoallownegotiationstobeconcludedpriortothe expirationoftheDueDiligencePeriod.Anyagreementthatthepartiesmayreachwithrespecttorepairs/improvementsisan additiontothisContractthatmustbeinwritingandsignedbythepartiesinaccordancewithParagraph19.

NOTE: SeeParagraph8(c),AccesstoPropertyandParagraph8(m),NegotiatedRepairs/Improvements.

(e) Buyer'sObligationtoRepairDamage: Buyershall,atBuyer'sexpense,promptlyrepairanydamagetotheProperty resultingfromanyactivitiesofBuyerandBuyer'sagentsandcontractors,butBuyershallnotberesponsibleforanydamage causedbyacceptedpracticeseitherapprovedbytheN.C.HomeInspectorLicensureBoardorapplicabletoanyotherN.C. licensedprofessionalperformingreasonableappraisals,tests,surveys,examinationsandinspectionsoftheProperty.Thisrepair obligationshallsurviveanyterminationofthisContract.

(f) Indemnity: BuyerwillindemnifyandholdSellerharmlessfromallloss,damage,claims,suitsorcosts,whichshallariseout ofanycontract,agreement,orinjurytoanypersonorpropertyasaresultofanyactivitiesofBuyerandBuyer'sagentsand contractorsrelatingtothePropertyexceptforanyloss,damage,claim,suitorcostarisingoutofpre-existingconditionsofthe Propertyand/oroutofSeller'snegligenceorwillfulactsoromissions.ThisindemnityshallsurvivethisContractandany terminationhereof.

(g) Buyer'sRighttoTerminate: ProvidedthatBuyerhasdeliveredanyagreed-uponDueDiligenceFee,Buyershallhavethe righttoterminatethisContractforanyreasonornoreason,bydeliveringtoSellerwrittennoticeoftermination(the“Termination Notice”)duringtheDueDiligencePeriod(oranyagreed-uponwrittenextensionoftheDueDiligencePeriod), TIMEBEINGOF THEESSENCE.IfBuyertimelydeliverstheTerminationNotice,thisContractshallbeterminatedandtheEarnestMoney DepositshallberefundedtoBuyer.

(h)

Otherfunds: Buyerintendstoobtainfundsfromthefollowingothersource(s)inordertopurchasetheProperty:

NOTE: Buyer'sobligationsunderthisContractarenotconditioneduponobtaininganyloan(s)orotherfundsfromsourcesother thanBuyer'sownassets.Somemortgageloanprogramsandotherprogramsprovidingfundsforthepurchaseofpropertyselected byBuyermayimposerepairobligationsand/oradditionalconditionsorcostsuponSellerorBuyer,andmoreinformationmaybe needed.

MaterialchangeswithrespecttofundingthepurchaseofthePropertythataffectthetermsofthecontractarematerialfactsthat mustbedisclosed.

(b) OtherProperty: BuyerDOESDOESNOThavetosellorleaseotherrealpropertyinordertoqualifyforanewloan ortocompletethepurchase. (CompletethefollowingonlyifBuyerDOEShavetosellorleaseotherrealproperty:)

OtherPropertyAddress:

(Checkifapplicable)Buyer'sotherpropertyISundercontractasofthedateofthisoffer,andacopyofthecontracthaseither beenpreviouslyprovidedtoSelleroraccompaniesthisoffer. (Buyermaymarkoutanyconfidentialinformation,suchasthe purchasepriceandthebuyer'sidentity,priortoprovidingacopyofthecontracttoSeller.) Failuretoprovideacopyofthe contractshallnotpreventthisofferfrombecomingabindingcontract;however,SELLERISSTRONGLYENCOURAGEDTO OBTAINANDREVIEWTHECONTRACTONBUYER'SPROPERTYPRIORTOACCEPTINGTHISOFFER.

(Checkifapplicable)Buyer'sotherpropertyISNOTundercontractasofthedateofthisoffer.Buyer'sproperty(checkonly ONEofthefollowingoptions):

islistedwithandactivelymarketedbyalicensedrealestatebroker. willbelistedwithandactivelymarketedbyalicensedrealestatebroker. Buyerisattemptingtosell/leasetheBuyer'sPropertywithouttheassistanceofalicensedrealestatebroker.

NOTE: ThisContractisNOTconditioneduponthesale/leaseorclosingofBuyer'sotherproperty.Ifthepartiesagreetomake thisContractconditionedonasale/leaseorclosingofBuyer'sotherproperty,anappropriatecontingencyaddendumshouldbe draftedbyaNorthCarolinarealestateattorneyandaddedtothisContract.

(c) PerformanceofBuyer'sFinancialObligations: TothebestofBuyer'sknowledge,therearenoothercircumstancesor conditionsexistingasofthedateofthisofferthatwouldprohibitBuyerfromperformingBuyer'sfinancialobligationsin accordancewiththisContract,exceptasmaybespecificallysetforthherein.

(d) ResidentialPropertyandOwners'AssociationPropertyDisclosureStatement (checkonlyone):

BuyerhasreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriorto makingthisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).

BuyerhasNOTreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementprior tomakingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofany DueDiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethird calendardayfollowingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffective Date;or(3)SettlementoroccupancybyBuyerinthecaseofasaleorexchange.

ExemptfromN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementbecause(SEEGUIDELINES):

(e) MineralandOilandGasRightsMandatoryDisclosureStatement (checkonlyone):

BuyerhasreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriorto makingthisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).

Buyer'sreceiptofaMineralandOilandGasRightsMandatoryDisclosureStatementdoesnotmodifyorlimittheobligationsof SellerunderParagraph8(g)ofthisContractandshallnotconstitutetheassumptionorapprovalbyBuyerofanyseveranceof mineraland/oroilandgasrights,exceptasmaybeassumedorspecificallyapprovedbyBuyerinwriting.

NOTE: ThepartiesareadvisedtoconsultwithaNCattorneypriortosigningthisContractifseveranceofmineraland/oroiland gasrightshasoccurredorisintended.

6. BUYEROBLIGATIONS:

(a) ResponsibilityforSpecialAssessments: BuyershalltaketitlesubjecttoallSpecialAssessmentsthatmaybeapproved followingSettlement.

(b) ResponsibilityforCertainCosts: Buyershallberesponsibleforallcostswithrespectto: (i)anyloanobtainedbyBuyer; (ii)chargesbyanowners'associationoramanagementcompany/vendorasagentoftheassociationunderparagraph9(b)of thisContract; (iii)appraisal; (iv)titlesearch; (v)titleinsurance; (vi)anyfeeschargedbytheclosingattorneyforthepreparationoftheClosingDisclosure,SellerDisclosureandanyother settlementstatement; (vii)recordingthedeed;and (viii)preparationandrecordingofallinstrumentsrequiredtosecurethebalanceofthePurchasePriceunpaidatSettlement.

(c) AuthorizationtoDiscloseInformation: BuyerauthorizestheBuyer'slender(s),theparties'realestateagent(s)andclosing attorney:(1)toprovidethisContracttoanyappraiseremployedbyBuyerorbyBuyer'slender(s);and(2)toreleaseanddisclose anybuyer'sclosingdisclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiesto thistransaction,theirrealestateagent(s)andBuyer'slender(s).

7. SELLERREPRESENTATIONS:

(a) Ownership: SellerrepresentsthatSeller: hasownedthePropertyforatleastoneyear. hasownedthePropertyforlessthanoneyear. doesnotyetowntheProperty.

(b) Lead-BasedPaint (checkifapplicable): ThePropertyisresidentialandwasbuiltpriorto1978(AttachLead-BasedPaintorLead-BasedPaintHazardsDisclosure Addendum{StandardForm2A9-T}).

(c) Owners'Association(s)andDues: Sellerauthorizesanddirectsanyowners'association,anymanagementcompanyofthe owners'association,anyinsurancecompanyandanyattorneywhohaspreviouslyrepresentedtheSellertoreleasetoBuyer, Buyer'sagents,representative,closingattorneyorlendertrueandaccuratecopiesofthefollowingitemsaffectingtheProperty, includinganyamendments:

Owners'associationwebsiteaddress,ifany:

(d) FuelTank(s)/Fuel: TothebestofSeller'sknowledge,thereisisnotafueltank(s)locatedontheProperty. If“yes” completethefollowing:

(i) Description: Tank1:

● Use:currentlyinusecurrentlyNOTinuse

● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:

● Location:abovegroundbelowground

● Typeoffuel:oilpropanegasolineand/ordieselother:

● Nameandcontactinformationoffuelvendor:

Tank2:

● Use:currentlyinusecurrentlyNOTinuse

● Ownership:ownedleased.Ifleased,nameandcontactinformationoftanklessor:

● Location:abovegroundbelowground

● Typeoffuel:oilpropanegasolineand/ordieselother:

● Nameandcontactinformationoffuelvendor:

(ii) Tank(s)includedinsale: BuyerandSelleragreethatanytankdescribedabovethatisownedbySellershallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinparagraph2(e)above.

(iii) Fuel: Sellermayusefuelinthetank(s)describedabovethroughSettlement,butmaynototherwiseremovethefuelor resellit.Anyfuelremaininginthetank(s)asofSettlementshallbeincludedinthesaleaspartofthePurchasePrice,freeof liens.

● Seller'suseoffuelinanyfueltankissubjecttoSeller'sobligationunderParagraph8(c)toprovideworking, existingutilitiesthroughtheearlierofClosingorpossessionbyBuyer.

NOTE: Buyershallbeentitledtoconductinspectionstoconfirmtheexistence,typeandownershipofanyfueltanklocated ontheProperty.BuyerisadvisedtoconsultwiththeownerofanyleasedfueltankregardingthetermsunderwhichBuyer mayleasethetankandobtainfuel.

NOTE: Statelawprovidesthatitisunlawfulforanyperson,otherthanthesupplierortheownerofafuelsupplytank,to disconnect,interruptorfillthesupplytankwithliquefiedpetroleumgas(LPgasorpropane)withouttheconsentofthe supplier.

8. SELLEROBLIGATIONS:

(a)

EvidenceofTitle,PayoffStatement(s)andNonForeignStatus:

(i)SelleragreestousebesteffortstoprovidetotheclosingattorneyassoonasreasonablypossibleaftertheEffectiveDate, copiesofalltitleinformationinpossessionoforavailabletoSeller,includingbutnotlimitedto:titleinsurancepolicies, attorney'sopinionsontitle,surveys,covenants,deeds,notesanddeedsoftrust,leases,andeasementsrelatingtotheProperty.

(ii)Sellershallprovidetotheclosingattorneyallinformationneededtoobtainawrittenpayoffstatementfromanylender(s) regardinganysecurityinterestinthePropertyassoonasreasonablypossibleaftertheEffectiveDate,andSellerdesignates theclosingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller'sbehalfpayoffstatementsand/or short-paystatementsfromanysuchlender(s).

(iii)IfSellerisnotaforeignpersonasdefinedbytheForeignInvestmentinRealPropertyTaxAct,Sellershallalsoprovide totheclosingattorneyanon-foreignstatusaffidavit(pursuanttotheForeignInvestmentinRealPropertyTaxAct).Inthe eventSellershallnotprovideanon-foreignstatusaffidavit,Selleracknowledgesthattheremaybewithholdingasprovided bytheInternalRevenueCode.

(b) AuthorizationtoDiscloseInformation: Sellerauthorizes:(1)anyattorneypresentlyorpreviouslyrepresentingSellerto releaseanddiscloseanytitleinsurancepolicyinsuchattorney'sfiletoBuyerandbothBuyer'sandSeller'sagentsandattorneys; (2)theProperty'stitleinsureroritsagenttoreleaseanddiscloseallmaterialsintheProperty'stitleinsurer's(ortitleinsurer's agent's)filetoBuyerandbothBuyer'sandSeller'sagentsandattorneysand(3)theclosingattorneytoreleaseanddiscloseany seller'sclosingdisclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothis transaction,theirrealestateagent(s)andBuyer'slender(s).

(c) AccesstoProperty: SellershallprovidereasonableaccesstothePropertythroughtheearlierofClosingorpossessionby Buyer,including,butnotlimitedto,allowingBuyerand/orBuyer'sagentsorrepresentatives,anopportunityto(i)conductDue Diligence,(ii)verifythesatisfactorycompletionofnegotiatedrepairs/improvements,and(iii)conductafinalwalk-through inspectionoftheProperty.Seller'sobligationincludesprovidingexistingutilitiesoperatingatSeller'scost,includingany connectionsandde-winterizing.

NOTE: SeeWARNINGinparagraph4aboveforlimitationonBuyer'srighttoterminatethisContractasaresultofBuyer's continuedinvestigationofthePropertyfollowingtheexpirationoftheDueDiligencePeriod.

(d) RemovalofSeller'sProperty: Sellershallremove,bythedatepossessionismadeavailabletoBuyer,allpersonalproperty whichisnotapartofthepurchaseandallgarbageanddebrisfromtheProperty.

(e)

AffidavitandIndemnificationAgreement:

SellershallfurnishatSettlementanaffidavit(s)andindemnification agreement(s)informsatisfactorytoBuyerandBuyer'stitleinsurer,ifany,executedbySellerandanypersonorentitywhohas performedorfurnishedlabor,services,materialsorrentalequipmenttothePropertywithin120dayspriortothedateof SettlementandwhomaybeentitledtoclaimalienagainstthePropertyasdescribedinN.C.G.S.§44A-8verifyingthateachsuch personorentityhasbeenpaidinfullandagreeingtoindemnifyBuyer,Buyer'slender(s)andBuyer'stitleinsureragainstallloss fromanycauseorclaimarisingtherefrom.

(f) DesignationofLienAgent,PaymentandSatisfactionofLiens: IfrequiredbyN.C.G.S.§44A-11.1,Sellershallhave designatedaLienAgent,andSellershalldelivertoBuyerassoonasreasonablypossibleacopyoftheappointmentofLien Agent.Alldeedsoftrust,deferredadvaloremtaxes,liensandotherchargesagainsttheProperty,notassumedbyBuyer,mustbe paidandsatisfiedbySellerpriortooratSettlementsuchthatcancellationmaybepromptlyobtainedfollowingClosing.Seller shallremainobligatedtoobtainanysuchcancellationsfollowingClosing.

(g) GoodTitle,LegalAccess: SellershallexecuteanddeliveraGENERALWARRANTYDEEDforthePropertyinrecordable formnolaterthanSettlement,whichshallconveyfeesimplemarketableandinsurabletitle,withoutexceptionformechanics' liens,andfreeofanyotherliens,encumbrancesordefects,includingthosewhichwouldberevealedbyacurrentandaccurate surveyoftheProperty,except:advaloremtaxesforthecurrentyear(proratedthroughthedateofSettlement);utilityeasements andunviolatedcovenants,conditionsorrestrictionsthatdonotmateriallyaffectthevalueoftheProperty;andsuchotherliens, encumbrancesordefectsasmaybeassumedorspecificallyapprovedbyBuyerinwriting.ThePropertymusthavelegalaccessto apublicrightofway.

NOTE: Buyer'sfailuretoconductasurveyorexaminetitleoftheProperty,priortotheexpirationoftheDueDiligencePeriod doesnotrelievetheSelleroftheirobligationtodelivergoodtitleunderthisparagraph.

NOTE: IfanysaleofthePropertymaybea“shortsale,”considerationshouldbegiventoattachingaShortSaleAddendum Form2A14-T)asanaddendumtothisContract.

(h)

(i)

(l) LateListingPenalties: Allpropertytaxlatelistingpenalties,ifany,shallbepaidbySeller.

(m) NegotiatedRepairs/Improvements: Negotiatedrepairs/improvementsshallbemadeinagoodandworkmanlikemanner andBuyershallhavetherighttoverifysamepriortoSettlement.

(n) HomeWarranty (Selectoneofthefollowing):

NohomewarrantyistobeprovidedbySeller.

Buyermayobtainaone-yearhomewarrantyatacostnottoexceed$ whichincludessalestax andSelleragreestopayforitatSettlement.

Sellerhasobtainedandwillprovideaone-yearhomewarrantyfrom at acostof$ whichincludessalestaxandwillpayforitatSettlement.

NOTE: Homewarrantiestypicallyhavelimitationsonandconditionstocoverage.Referspecificquestionstothehomewarranty company.

(o) Seller'sBreachofContract: Seeparagraph23forBuyer'sremediesintheeventofbreachofthisContract.

9. CHARGESBYOWNERS'ASSOCIATION:

Responsibilityforpaymentofchargesbyanowners'associationora managementcompany/vendorasagentoftheassociationshallbeallocatedbetweenBuyerandSellerasfollows:

(a) Sellershallpay:

(i)feesincurredbySellerincompletingtheResidentialPropertyandOwners'AssociationDisclosureStatement,andresale orothercertificatesrelatedtoaproposedsaleoftheProperty;

(ii)feesrequiredforconfirmingSeller'saccountpaymentinformationonowners'associationduesorassessmentsfor paymentorproration,includinganyexpeditefeepermittedunderN.C.Gen.Stat.§47F-3-102thatischargedinconnection withprovidingsuchinformation;

(iii)anyfeeschargedfortransferringorupdatingownershiprecordsoftheassociation;and (iv)anyfeesotherthanthosefeesspecificallyrequiredtobepaidbyBuyerunderparagraph9(b)below.

(b) Buyershallpay:

(i)chargesforprovidinginformationrequiredbyBuyer'slender;

(ii)chargesforworkingcapitalcontributions,membershipfees,orchargesimposedforBuyer'suseofthecommonelements and/orservicesprovidedtoBuyerinconnectionwithBuyertakingpossessionoftheProperty,suchas“move-infees”;and (iii)chargesfordeterminingrestrictivecovenantcompliance.

10. PRORATIONSANDADJUSTMENTS:

Unlessotherwiseagreed,thefollowingitemsshallbeprorated,withSellerresponsible fortheproratedamountsofanytaxesandduesthroughthedateofSettlement,andSellerentitledtotheamountofproratedrents throughthedateofSettlement,andeitheradjustedbetweenthepartiesorpaidatSettlement:

(a) TaxesonRealProperty: Advaloremtaxesandrecurringgovernmentalservicefeesleviedwithsuchtaxesonrealproperty shallbeproratedonacalendaryearbasis;

(b) TaxesonPersonalProperty: AdvaloremtaxesonpersonalpropertyfortheentireyearshallbepaidbySellerunlessthe personalpropertyisconveyedtoBuyer,inwhichcase,thepersonalpropertytaxesshallbeproratedonacalendaryearbasis;

(c) Rents: Rents,ifany,fortheProperty;

(d) Dues: Owners'associationregularassessments(dues)andotherlikecharges.

11. CONDITIONOFPROPERTY/RISKOFLOSS:

(a)

(b) RiskofLoss: TheriskoflossordamagebyfireorothercasualtypriortoClosingshallbeuponSeller.Sellerisadvisednot tocancelexistinginsuranceonthePropertyuntilafterconfirmingrecordationofthedeed.

12. DELAYINSETTLEMENT/CLOSING:

Thisparagraphshallapplyifonepartyisready,willingandabletocompleteSettlementon theSettlementDate(“Non-DelayingParty”)butitisnotpossiblefortheotherpartytocompleteSettlementbytheSettlementDate (“DelayingParty”).Insuchevent,theDelayingPartyshallbeentitledtoadelayinSettlementandshallgiveasmuchnoticeaspossibleto theNon-DelayingPartyandclosingattorney.IftheDelayingPartyfailstocompleteSettlementandClosingwithinseven(7)daysofthe SettlementDate(includinganyamendedSettlementDateagreedtoinwritingbytheparties),thentheDelayingPartyshallbeinbreachand theNon-DelayingPartymayterminatethisContractandshallbeentitledtoenforceanyremediesavailabletosuchpartyunderthisContract forthebreach.

13.

POSSESSION:

Possession,includingallmeansofaccesstotheProperty(keys,codesincludingsecuritycodes,garagedoor openers,electronicdevices,etc.),shallbedelivereduponClosingasdefinedinParagraph1(m)unlessotherwiseprovidedbelow:

ABuyerPossessionBeforeClosingAgreementisattached(StandardForm2A7-T)

ASellerPossessionAfterClosingAgreementisattached(StandardForm2A8-T)

Possessionissubjecttorightsoftenant(s)

NOTE: ConsiderattachingAdditionalProvisionsAddendum(Form2A11-T)orVacationRentalAddendum(Form2A13-T)

14. ADDENDA: CHECKALLSTANDARDADDENDATHATMAYBEAPARTOFTHISCONTRACT,IFANY,AND ATTACHHERETO.ITEMIZEALLOTHERADDENDATOTHISCONTRACT,IFANY,ANDATTACHHERETO.

AdditionalProvisionsAddendum(Form2A11-T)

AdditionalSignaturesAddendum(Form3-T)

Back-UpContractAddendum(Form2A1-T)

FHA/VAFinancingAddendum(Form2A4-T)

Lead-BasedPaintOrLead-BasedPaintHazardAddendum(Form2A9-T)

LoanAssumptionAddendum(Form2A6-T)

Identifyotherattorneyorpartydraftedaddenda:

NewConstructionAddendum(Form2A3-T)

Owners'AssociationDisclosureAddendum (Form2A12-T)

SellerFinancingAddendum(Form2A5-T) ShortSaleAddendum(Form2A14-T)

VacationRentalAddendum(Form2A13-T)

NOTE: UNDERNORTHCAROLINALAW,REALESTATEBROKERSARENOTPERMITTEDTODRAFTADDENDATO THISCONTRACT.

15. ASSIGNMENTS: ThisContractmaynotbeassignedwithoutthewrittenconsentofallpartiesexceptinconnectionwithataxdeferredexchange,butifassignedbyagreement,thenthisContractshallbebindingontheassigneeandassignee'sheirsand successors.

16. TAX-DEFERREDEXCHANGE: IntheeventBuyerorSellerdesirestoeffectatax-deferredexchangeinconnectionwiththe conveyanceoftheProperty,BuyerandSelleragreetocooperateineffectingsuchexchange;provided,however,thattheexchanging partyshallberesponsibleforalladditionalcostsassociatedwithsuchexchange,andprovidedfurther,thatanon-exchangingparty shallnotassumeanyadditionalliabilitywithrespecttosuchtax-deferredexchange.BuyerandSellershallexecutesuchadditional documents,includingassignmentofthisContractinconnectiontherewith,atnocosttothenon-exchangingparty,asshallberequired togiveeffecttothisprovision.

17. PARTIES: ThisContractshallbebindinguponandshallinuretothebenefitofBuyerandSellerandtheirrespectiveheirs, successorsandassigns.Asusedherein,wordsinthesingularincludethepluralandthemasculineincludesthefeminineandneuter genders,asappropriate.

18. SURVIVAL: Ifanyprovisionhereincontainedwhichbyitsnatureandeffectisrequiredtobeobserved,keptorperformedafter theClosing,itshallsurvivetheClosingandremainbindinguponandforthebenefitofthepartiesheretountilfullyobserved,keptor performed.

19. ENTIREAGREEMENT: ThisContractcontainstheentireagreementofthepartiesandtherearenorepresentations, inducementsorotherprovisionsotherthanthoseexpressedherein.Allchanges,additionsordeletionsheretomustbeinwritingand signedbyallparties.NothingcontainedhereinshallalteranyagreementbetweenaREALTOR®orbrokerandSellerorBuyeras containedinanylistingagreement,buyeragencyagreement,oranyotheragencyagreementbetweenthem.

20.

Thepartiesagreethatanyactionbetweenthemrelatingtothetransactioncontemplatedby thisContractmaybeconductedbyelectronicmeans,includingthesigningofthisContractbyoneormoreofthemandanynoticeor communicationgiveninconnectionwiththisContract.Anywrittennoticeorcommunicationmaybetransmittedtoanymailing address,e-mailaddressorfaxnumbersetforthinthe“NoticeInformation”sectionbelow.Anynoticeorcommunicationtobegiven

toapartyherein,andanyfee,depositorotherpaymenttobedeliveredtoapartyherein,maybegiventothepartyortosuchparty's agent.Deliveryofanynoticetoapartyviameansofelectronictransmissionshallbedeemedcompleteatsuchtimeasthesender performsthefinalacttosendsuchtransmission,inaformcapableofbeingprocessedbythereceivingparty'ssystem,toany electronicaddressprovidedforsuchpartyinthe“NoticeInformation”sectionbelow.SellerandBuyeragreethatthe“Notice Information”and“AcknowledgmentofReceiptofMonies”sectionsbelowshallnotconstituteamaterialpartofthisContract,and thattheadditionormodificationofanyinformationthereinshallnotconstitutearejectionofanofferorthecreationofacounteroffer.

21.

EXECUTION:

ThisContractmaybesignedinmultipleoriginalsorcounterparts,allofwhichtogetherconstituteoneandthe sameinstrument.

22. COMPUTATIONOFDAYS/TIMEOFDAY:

Unlessotherwiseprovided,forpurposesofthisContract,theterm"days"shall meanconsecutivecalendardays,includingSaturdays,Sundays,andholidays,whetherfederal,state,localorreligious.Forthe purposesofcalculatingdays,thecountof"days"shallbeginonthedayfollowingthedayuponwhichanyactornoticeasprovidedin thisContractwasrequiredtobeperformedormade.Anyreferencetoadateortimeofdayshallrefertothedateand/ortimeofdayin theStateofNorthCarolina.

23. REMEDIES:

(a) BreachbyBuyer: IntheeventofmaterialbreachofthisContractbyBuyer,SellershallbeentitledtoanyEarnestMoney Deposit.ThepaymentofanyEarnestMoneyDepositandanyDueDiligenceFeetoSeller(withoutregardtotheirrespective amounts,includingzero)togethershallserveasliquidateddamages(“LiquidatedDamages”)andasSeller'ssoleandexclusive remedyforsuchbreach,butwithoutlimitingSeller'srightsunderParagraphs4(e)and4(f)fordamagetotheProperty.Itis acknowledgedbythepartiesthattheamountoftheLiquidatedDamagesiscompensatoryandnotpunitive,suchamountbeinga reasonableestimationoftheactuallossthatSellerwouldincurasaresultofabreachofthisContractbyBuyer.Thepaymentto SelleroftheLiquidatedDamagesshallnotconstituteapenaltyorforfeiturebutactualcompensationforSeller'santicipatedloss, bothpartiesacknowledgingthedifficultyofdeterminingSeller'sactualdamagesforsuchbreach.

(b) BreachbySeller: IntheeventofmaterialbreachofthisContractbySeller,Buyermay(i)electtoterminatethisContractasa resultofsuchbreach,andshallbeentitledtoreturnofboththeEarnestMoneyDepositandtheDueDiligenceFee,togetherwith thereasonablecostsactuallyincurredbyBuyerinconnectionwithBuyer'sDueDiligence(“DueDiligenceCosts”),or(ii)elect nottoterminateandinsteadtreatthisContractasremaininginfullforceandeffectandseektheremedyofspecificperformance.

(c) Attorneys'Fees: IflegalproceedingsarebroughtbyBuyerorSelleragainsttheothertocollecttheEarnestMoneyDeposit, DueDiligenceFee,orDueDiligenceCosts,thepartiesagreethatapartyshallbeentitledtorecoverreasonableattorneys'feesto theextentpermittedunderN.C.Gen.Stat.§6-21.2.ThepartiesacknowledgeandagreethatthetermsofthisContractwith respecttoentitlementtotheEarnestMoneyDeposit,DueDiligenceFee,orDueDiligenceCostseachconstitutean"evidenceof indebtedness"pursuanttoN.C.Gen.Stat.§6-21.2.

NOTE: Apartyseekingrecoveryofattorneys'feesunderN.C.Gen.Stat.§6-21.2mustfirstgivewrittennoticetotheotherparty thattheyhavefive(5)daysfromthemailingofthenoticetopaytheoutstandingamount(s)withouttheattorneys'fees.

THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.ANDTHENORTHCAROLINABARASSOCIATION MAKENOREPRESENTATIONASTOTHELEGALVALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMIN ANYSPECIFICTRANSACTION.IFYOUDONOTUNDERSTANDTHISFORMORFEELTHATITDOESNOTPROVIDE FORYOURLEGALNEEDS,YOUSHOULDCONSULTANORTHCAROLINAREALESTATEATTORNEYBEFOREYOU SIGNIT.

ThisoffershallbecomeabindingcontractontheEffectiveDate.Unlessspecificallyprovidedotherwise,Buyer'sfailuretotimely deliveranyfee,depositorotherpaymentprovidedforhereinshallnotpreventthisofferfrombecomingabindingcontract,provided thatanysuchfailureshallgiveSellercertainrightstoterminatethecontractasdescribedhereinorasotherwisepermittedbylaw.

Date: Buyer Date: Buyer

EntityBuyer: (NameofLLC/Corporation/Partnership/Trust/etc.)

By: Name: PrintName Title: Date:

Date: Seller Date: Seller EntitySeller: (NameofLLC/Corporation/Partnership/Trust/etc.) By: Name: PrintName Title: Date: WIREFRAUDWARNING

TOBUYERS:BEFORESENDINGANYWIRE,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETOVERIFYTHE INSTRUCTIONS.IFYOURECEIVEWIRINGINSTRUCTIONSFORADIFFERENTBANK,BRANCHLOCATION, ACCOUNTNAMEORACCOUNTNUMBER,THEYSHOULDBEPRESUMEDFRAUDULENT.DONOTSENDANYFUNDS ANDCONTACTTHECLOSINGATTORNEY'SOFFICEIMMEDIATELY.

TOSELLERS:IFYOURPROCEEDSWILLBEWIRED,ITISRECOMMENDEDTHATYOUPROVIDEWIRING INSTRUCTIONSATCLOSINGINWRITINGINTHEPRESENCEOFTHEATTORNEY.IFYOUAREUNABLETOATTEND CLOSING,YOUMAYBEREQUIREDTOSENDANORIGINALNOTARIZEDDIRECTIVETOTHECLOSINGATTORNEY'S OFFICECONTAININGTHEWIRINGINSTRUCTIONS.THISMAYBESENTWITHTHEDEED,LIENWAIVERANDTAX FORMSIFTHOSEDOCUMENTSAREBEINGPREPAREDFORYOUBYTHECLOSINGATTORNEY.ATAMINIMUM, YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETOPROVIDETHEWIREINSTRUCTIONS.THEWIRE INSTRUCTIONSSHOULDBEVERIFIEDOVERTHETELEPHONEVIAACALLTOYOUINITIATEDBYTHECLOSING ATTORNEY'SOFFICETOENSURETHATTHEYARENOTFROMAFRAUDULENTSOURCE.

WHETHERYOUAREABUYERORASELLER,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATA NUMBERTHATISINDEPENDENTLYOBTAINED.TOENSURETHATYOURCONTACTISLEGITIMATE,YOUSHOULD NOTRELYONAPHONENUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,YOURREALESTATE AGENTORANYONEELSE.

NOTE: INSERTATLEASTONEADDRESSAND/ORELECTRONICDELIVERYADDRESSEACHPARTYANDAGENT APPROVESFORTHERECEIPTOFANYNOTICECONTEMPLATEDBYTHISCONTRACT.INSERT“N/A”FORANY WHICHARENOTAPPROVED.

BUYERNOTICEADDRESS: MailingAddress: BuyerFax#: BuyerE-mail:

SELLERNOTICEADDRESS: MailingAddress: SellerFax#: SellerE-mail:

CONFIRMATIONOFAGENCY/NOTICEADDRESSES

SellingFirmName: Actingas Buyer'sAgent Seller's(sub)Agent DualAgent FirmLicense#: MailingAddress:

IndividualSellingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)

SellingAgentLicense#: SellingAgentPhone#: SellingAgentFax#: SellingAgentE-mail:

ListingFirmName: ActingasSeller'sAgentDualAgent FirmLicense#: MailingAddress: IndividualListingAgent: ActingasaDesignatedDualAgent(checkonlyifapplicable)

ListingAgentLicense#: ListingAgentPhone#: ListingAgentFax#: ListingAgentE-mail:

ACKNOWLEDGMENTOFRECEIPTOFMONIES

Seller: ("Seller") Buyer: ("Buyer") PropertyAddress: ("Property")

LISTINGAGENTACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toSellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichListingAgentherebyacknowledges.

Date:Firm:

By: (Signature) (Printname)

SELLERACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toSellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichSellerherebyacknowledges.

Date:Seller:

(Signature)

Date:Seller: (Signature)

ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOFINITIALEARNESTMONEYDEPOSIT

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toEscrowAgentofanInitialEarnestMoneyDepositintheamountof$

.EscrowAgentasidentifiedin Paragraph1(f)oftheOffertoPurchaseandContractherebyacknowledgesreceiptoftheInitialEarnestMoneyDepositandagreesto holdanddisbursethesameinaccordancewiththetermsoftheOffertoPurchaseandContract.

Date:Firm:

By: (Signature) (Printname)

ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOF(ADDITIONAL)EARNESTMONEYDEPOSIT

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toEscrowAgentofan(Additional)EarnestMoneyDepositintheamountof$ .EscrowAgentasidentified inParagraph1(f)oftheOffertoPurchaseandContractherebyacknowledgesreceiptofthe(Additional)EarnestMoneyDepositand agreestoholdanddisbursethesameinaccordancewiththetermsoftheOffertoPurchaseandContract.

Date:Firm: Time: A.M.P.M.By: (Signature) (Printname) Page16of16 STANDARDFORM2-T Revised7/2022 ©7/2022

ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com

RESIDENTIALPROPERTYANDOWNERS'ASSOCIATIONDISCLOSURESTATEMENT

InstructionstoPropertyOwners

1.TheResidentialPropertyDisclosureAct(G.S. 47E)(“DisclosureAct”)requiresownersofresidentialrealestate(single-family homes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits)tofurnishbuyers aResidentialPropertyandOwners'AssociationDisclosureStatement(“DisclosureStatement”).Thisformistheonlyone approvedforthispurpose.Adisclosurestatementmustbefurnishedinconnectionwiththesale,exchange,option,and saleunderaleasewithoptiontopurchasewherethetenantdoesnotoccupyorintendtooccupythedwelling.Adisclosure statementisnotrequiredforsometransactions,includingthefirstsaleofadwellingwhichhasneverbeeninhabitedand transactionsofresidentialpropertymadepursuanttoaleasewithoptiontopurchasewherethelesseeoccupiesorintendsto occupythedwelling.Foracompletelistofexemptions,seeG.S.47E-2.

2.Youmustrespondtoeachofthequestionsonthefollowingpagesofthisformbyfillingintherequestedinformationorby placingacheck(√)intheappropriatebox.Inrespondingtothequestions,youareonlyobligatedtodiscloseinformation aboutwhichyouhaveactualknowledge.

a.Ifyoucheck"Yes"foranyquestion,youmustexplainyouranswerandeitherdescribeanyproblemorattachareport fromanattorney,engineer,contractor,pestcontroloperatororotherexpertorpublicagencydescribingit.Ifyouattacha report,youwillnotbeliableforanyinaccurateorincompleteinformationcontainedinitsolongasyouwerenotgrossly negligentinobtainingortransmittingtheinformation.

b.Ifyoucheck“No,”youarestatingthatyouhavenoactualknowledgeofanyproblem.Ifyoucheck"No"andyouknow thereisaproblem,youmaybeliableformakinganintentionalmisstatement.

c.Ifyoucheck"NoRepresentation,”youarechoosingnottodisclosetheconditionsorcharacteristicsoftheproperty,even ifyouhaveactualknowledgeofthemorshouldhaveknownofthem.

d.Ifyoucheck"Yes"or"No"andsomethinghappenstothepropertytomakeyourDisclosureStatementincorrector inaccurate(forexample,theroofbeginstoleak),youmustpromptlygivethebuyeracorrectedDisclosureStatementor correcttheproblem.

3.Ifyouareassistedinthesaleofyourpropertybyalicensedrealestatebroker,youarestillresponsibleforcompletingand deliveringtheDisclosureStatementtothebuyers;andthebrokermustdiscloseanymaterialfactsaboutyourpropertywhich heorsheknowsorreasonablyshouldknow,regardlessofyourresponsesontheDisclosureStatement.

4.YoumustgivethecompletedDisclosureStatementtothebuyernolaterthanthetimethebuyermakesanoffertopurchase yourproperty.Ifyoudonot,thebuyercan,undercertainconditions,cancelanyresultingcontract(See "NotetoBuyers" below).YoushouldgivethebuyeracopyoftheDisclosureStatementcontainingyoursignatureandkeepacopysignedby thebuyerforyourrecords.

NotetoBuyer:IftheownerdoesnotgiveyouaResidentialPropertyandOwners'AssociationDisclosureStatementby thetimeyoumakeyouroffertopurchasetheproperty,youmayundercertainconditionscancelanyresultingcontractwithout penaltytoyouasthebuyer.Tocancelthecontract,youmustpersonallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthreecalendardaysfollowingyourreceiptoftheDisclosureStatement,orthree calendardaysfollowingthedateofthecontract,whicheveroccursfirst.However,innoeventdoestheDisclosureActpermit youtocancelacontractaftersettlementofthetransactionor(inthecaseofasaleorexchange)afteryouhaveoccupiedthe property,whicheveroccursfirst.

PropertyAddress/Description:

Thefollowingquestionsaddressthecharacteristicsandconditionofthepropertyidentifiedaboveaboutwhichtheowner has actual knowledge.Wherethequestionrefersto“dwelling,”itisintendedtorefertothedwellingunit,orunitsifmore thanone,tobeconveyedwiththeproperty.Theterm“dwellingunit”referstoanystructureintendedforhumanhabitation.

1. Inwhatyearwasthedwellingconstructed?. Explainifnecessary:

2. Isthereanyproblem,malfunctionordefectwiththedwelling'sfoundation,slab,fireplaces/chimneys,floors, windows(includingstormwindowsandscreens),doors,ceilings,interiorandexteriorwalls,attachedgarage, patio,deckorotherstructuralcomponentsincludinganymodificationstothem?................................................

3.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial? BrickVeneerWoodStoneVinyl SyntheticStucco Composition/Hardboard Concrete FiberCement Aluminum Asbestos Other (Checkallthatapply)

4.Inwhatyearwasthedwelling'sroofcoveringinstalled? (Approximateifnorecordsare available)Explainifnecessary:

5.Isthereanyleakageorotherproblemwiththedwelling'sroof?...........................................................................

6.Isthereanywaterseepage,leakage,dampnessorstandingwaterinthedwelling'sbasement,crawlspace,orslab?

7.Isthereanyproblem,malfunctionordefectwiththedwelling'selectricalsystem(outlets,wiring,panel, switches,fixtures,generator,etc.)?........................................................................................................................

8.Isthereanyproblem,malfunctionordefectwiththedwelling'splumbingsystem(pipes,fixtures,waterheater,etc.)?

9.Isthereanyproblem,malfunctionordefectwiththedwelling'sheatingand/orairconditioning?......................

10.Whatisthedwelling'sheatsource? Furnace HeatPump Baseboard Other (Checkallthatapply)Ageofsystem: 11.Whatisthedwelling'scoolingsource? CentralForcedAir Wall/WindowUnit(s) Other (Checkallthatapply)Ageofsystem: 12.Whatarethedwelling'sfuelsources? Electricity NaturalGas Propane Oil Other (Checkallthatapply) Ifthefuelsourceisstoredinatank,identifywhetherthetankis abovegroundor belowground,and whetherthetankis leasedbyselleror ownedbyseller.(Checkallthatapply)............................................

21.Isthereanyproblemwithpresentinfestationofthedwelling,ordamagefrompastinfestationofwood destroyinginsectsororganismswhichhasnotbeenrepaired?..............................................................................

22.Isthereanyproblem,malfunctionordefectwiththedrainage,gradingorsoilstabilityoftheproperty?............

23.Arethereanystructuraladditionsorotherstructuralormechanicalchangestothedwelling(s)tobeconveyed withtheproperty?....................................................................................................................................................

24.Isthepropertytobeconveyedinviolationofanylocalzoningordinances,restrictivecovenants,orotherlanduserestrictions,orbuildingcodes(includingthefailuretoobtainproperpermitsforroomadditionsorother changes/improvements)?.........................................................................................................................................

25.Arethereanyhazardousortoxicsubstances,materials,orproducts(suchasasbestos,formaldehyde,radon gas,methanegas,lead-basedpaint)whichexceedgovernmentsafetystandards,anydebris(whetherburiedor covered)orundergroundstoragetanks,oranyenvironmentallyhazardousconditions(suchascontaminated soilorwater,orotherenvironmentalcontamination)locatedonorwhichotherwiseaffecttheproperty?............

26.Isthereanynoise,odor,smoke,etc.fromcommercial,industrial,ormilitarysourceswhichaffectstheproperty?

27.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywallsorencroachmentsfrom oronadjacentproperty?.........................................................................................................................................

28.Isthepropertythesubjectofanylawsuits,foreclosures,bankruptcy,leasesorrentalagreements,judgments,tax liens,proposedassessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?............................................................................................................................

29.Isthepropertysubjecttoafloodhazardoristhepropertylocatedinafederally-designatedfloodhazardarea?

30.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?..........................................................................

31.Ifthereisaprivateroadorstreetadjoiningtheproperty,isthereinexistenceanyowners'associationormaintenance agreementsdealingwiththemaintenanceoftheroadorstreet?.............................................................................

Ifyouanswered“yes”toanyofthequestionslistedabove(1-31)pleaseexplain(attachadditionalsheetsifnecessary):

Inlieuofprovidingawrittenexplanation,youmayattachawrittenreporttothisDisclosureStatementbyapublicagency,orbyan attorney,engineer,landsurveyor,geologist,pestcontroloperator,contractor,homeinspector,orotherexpert,dealingwithmatterswithin thescopeofthatpublicagency'sfunctionsortheexpert'slicenseorexpertise.

Thefollowingquestionspertaintothepropertyidentifiedabove,includingthelottobeconveyedandanydwellingunit(s),sheds, detachedgarages,orotherbuildingslocatedthereon.

●(specifyname)

*Ifyouanswered“Yes”toquestion33above,youmustcompletetheremainderofthisDisclosureStatement.Ifyouanswered “No”or“NoRepresentation”toquestion33above,youdonotneedtoanswertheremainingquestionsonthisDisclosure Statement.Skiptothebottomofthelastpageandinitialanddatethepage.

No Yes No Representation

34.Areanyfeeschargedbytheassociationorbytheassociation'smanagementcompanyinconnectionwiththe conveyanceortransferofthelotorpropertytoanewowner?Ifyouransweris“yes,”pleasestatetheamount ofthefees:

35.AsofthedatethisDisclosureStatementissigned,arethereanydues,fees,orspecialassessmentswhichhave beendulyapprovedasrequiredbytheapplicabledeclarationorbylaws,andthatarepayabletoanassociation towhichthelotissubject?Ifyouransweris“yes,”pleasestatethenatureandamountofthedues,fees,or specialassessmentstowhichthepropertyissubject:

36.AsofthedatethisDisclosureStatementissigned,arethereanyunsatisfiedjudgmentsagainst,orpending lawsuits involvingthepropertyorlottobeconveyed?Ifyouransweris“yes,”pleasestatethenatureofeach pendinglawsuit,andtheamountofeachunsatisfiedjudgment:

37.AsofthedatethisDisclosureStatementissigned,arethereanyunsatisfiedjudgmentsagainst,orpending lawsuits involvingtheplannedcommunityortheassociationtowhichthepropertyandlotaresubject,withthe exceptionofanyactionfiledbytheassociationforthecollectionofdelinquentassessmentsonlotsotherthan thepropertyandlottobeconveyed?Ifyouransweris“yes,”pleasestatethenatureofeachpendinglawsuit, andtheamountofeachunsatisfiedjudgment:

38.Whichofthefollowingservicesandamenitiesarepaidforbytheowners'association(s)identifiedabove

MINERALANDOILANDGASRIGHTSMANDATORYDISCLOSURESTATEMENT

InstructionstoPropertyOwners

1. TheResidentialPropertyDisclosureAct(G.S.47E)(“DisclosureAct”)requiresownersofcertainresidentialrealestatesuchassinglefamilyhomes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits,tofurnishpurchasers aMineralandOilandGasRightsDisclosureStatement(“DisclosureStatement”).Thisformistheonlyoneapprovedforthispurpose.

2. Adisclosurestatementisnotrequiredforsometransactions.Foracompletelistofexemptions,seeG.S.47E-2(a). A DISCLOSURE STATEMENTISREQUIREDFORTHETRANSFERSIDENTIFIEDING.S.47E-2(b), includingtransfersinvolvingthefirstsaleof adwellingneverinhabited,leasewithoptiontopurchasecontractswherethelesseeoccupiesorintendstooccupythedwelling,andtransfers betweenpartieswhenbothpartiesagreenottoprovidetheResidentialPropertyandOwner'sAssociationDisclosureStatement.

3.Youmustrespondtoeachofthefollowingbyplacingacheck√intheappropriatebox.

MINERALANDOILANDGASRIGHTSDISCLOSURE

Mineralrightsand/oroilandgasrightscanbeseveredfromthetitletorealpropertybyconveyance(deed)ofthemineralrights and/oroilandgasrightsfromtheownerorbyreservationofthemineralrightsand/oroilandgasrightsbytheowner.Ifmineral rightsand/oroilandgasrightsareorwillbeseveredfromtheproperty,theownerofthoserightsmayhavetheperpetualrightto drill,mine,explore,andremoveanyofthesubsurfacemineraland/oroilorgasresourcesonorfromthepropertyeitherdirectly fromthesurfaceofthepropertyorfromanearbylocation.Withregardtotheseveranceofmineralrightsand/oroilandgasrights, Sellermakesthefollowingdisclosures:

YesNo NoRepresentation

BuyerInitials

BuyerInitials

1.Mineralrightswereseveredfromthepropertybyapreviousowner.

2.Sellerhasseveredthemineralrightsfromtheproperty.

3.Sellerintendstoseverthemineralrightsfromthepropertypriorto

BuyerInitialstransferoftitletotheBuyer.

4.Oilandgasrightswereseveredfromthepropertybyapreviousowner. BuyerInitials

5.Sellerhasseveredtheoilandgasrightsfromtheproperty. BuyerInitials

6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.

NotetoPurchasers

IftheownerdoesnotgiveyouaMineralandOilandGasRightsDisclosureStatementbythetimeyoumakeyourofferto purchasetheproperty,orexerciseanoptiontopurchasethepropertypursuanttoaleasewithanoptiontopurchase,youmay undercertainconditionscancelanyresultingcontractwithoutpenaltytoyouasthepurchaser.Tocancelthecontract,youmust personallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthreecalendar daysfollowingyourreceiptofthisDisclosureStatement,orthreecalendardaysfollowingthedateofthecontract,whichever occursfirst.However,innoeventdoestheDisclosureActpermityoutocancelacontractaftersettlementofthetransactionor (inthecaseofasaleorexchange)afteryouhaveoccupiedtheproperty,whicheveroccursfirst.

PropertyAddress: ("Property") BuyerorSeller: RealEstateFirm: ("Firm") 1.Thereareprofessionalservicesthattypicallyareperformedinconnectionwiththepurchaseandsaleofrealestate.BuyerorSeller understandsthatFirmcannotgiveadviceincertainmattersthatmayrelatetothepurchaseorsaleoftheProperty,includingbutnot limitedtomattersoflaw,taxation,financing,surveying,wood-destroyinginsectinfestation,structuralsoundnessofengineering. REGARDINGEACHPROFESSIONALSERVICELISTEDBELOW,BUYERORSELLERSHOULDEITHERSELECTTHE

2.BuyerorSelleracknowledgesFirmhasrecommendedthatBuyerorSellerconsultwithaprofessionalforanopinionregarding eachservicelistedabovetobeperformedpursuanttoBuyerorSeller'spurchaseorsaleoftheproperty.BuyerorSellerherebyagrees toindemnifyandholdFirmharmlessfromandagainstanyandallliability,claim,loss,damage,suit,orexpensethatFirmmayincur eitherasaresultofBuyerorSeller'sselectionanduseofanyofthelistedserviceprovidersorBuyerorSeller'selectionnottohave oneormoreofthelistedservicesperformed.

*NOTEREGARDINGRADONANDOTHERENVIRONMENTALQUALITYISSUESTESTING: Inadditiontotesting forthepresenceofradon,considerationshouldbegiventotestingtheairandanyprivatedrinkingwellwaterforthepresenceof othercontaminants,includingbutnotlimitedto,biological,chemical,andradiologicalcontaminants.BuyerorSellershould consultwithanairand/orwaterqualityspecialistregardingtheneedforandscopeofanysuchtesting.

*NOTEREGARDINGSURVEYS:

Situationsarisealltoooftenthatcouldhavebeenavoidedifthebuyerhadobtainedanew surveyfromaNCregisteredsurveyor.AsurveywillnormallyrevealsuchthingsasencroachmentsonthePropertyfromadjacent properties(fences,driveways,etc.);encroachmentsfromthePropertyontoadjacentproperties;roadorutilityeasementscrossing theProperty;violationsofset-backlines;lackoflegalaccesstoapublicright-of-way;andindefiniteorerroneouslegal descriptionsinpreviousdeedstotheProperty.Althoughtitleinsurancecompaniesmayprovidelendercoveragewithoutanew survey,theowner'spolicycontainsanexceptionforeasements,set-backsandothermatterswhichwouldhavebeenshownona survey.Manysuchmattersarenotpublicrecordandwouldnotbeincludedinanattorney'stitleexamination.Inaddition,ifthe buyerdoesnotobtaintheirownsurvey,theywouldhavenoclaimagainstasurveyorforinaccuraciesinapriorsurvey.

OTHERIMPORTANTNOTES:

ALTHOUGHFIRMMAYPROVIDEBUYERORSELLERTHENAMESOFPROVIDERSWHOCLAIMTOPERFORM SERVICESINONEORMOREOFTHELISTEDAREAS,BUYERORSELLERUNDERSTANDSTHATFIRM CANNOTGUARANTEETHEQUALITYOFSERVICEORLEVELOFEXPERTISEOFANYSUCHPROVIDER. · BUYERORSELLERAGREESTOPAYTHEFULLAMOUNTDUEFORALLSERVICESDIRECTLYTOTHE SERVICEPROVIDERWHETHERORNOTTHETRANSACTIONCLOSES.

Phone: Fax: ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com

& Associates, 2330 Randolph Rd Charlotte, NC 28207 704-877-3350 704.342.1022 Sample Forms

Dickens-Mitchener

Sarah Szczodrowski

ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com Sample Forms

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