4326 Waterbury Drive Digital Brochure

4326 Waterbury Drive

CHARLOTTE, NC 28209

Madison Park

$699,000

3 Bedrooms

2 Bathrooms

1,576 Sq Ft MLS# 4007596

Park

Classic Madison Park ranch with countless modern upgrades! The stunning 36 by 18 foot pool in the backyard along with covered screened-in porch, hot tub and gas fireplace make this home an entertainer’s dream. Gorgeous kitchen with breakfast bar open to spacious living and dining complete with custom built-in bar with sink, wine fridge and ice maker. Three bedrooms and two full updated bathrooms. Dedicated laundry room with ample storage. Additional features include; custom closets, original refinished hardwoods, recessed lighting, surround sound, two gas fireplaces and thoughtfully designed doors, trim and crown molding throughout. New Pella windows 2019, new refrigerator 2022, new crawl space vapor barrier 2023, new insulation in attic and crawl space 2017, new pool liner 2020 and new pool pump 2022. Fantastic location with walkability to all Madison Park has to offer! Visit

4326WaterburyDrive,Charlotte,NorthCarolina28209

4326 Waterbury Drive, Charlotte, NC 28209

Main Lvl Garage: Yes

Yes # Gar Sp: Carport: Yes # Carport Spc: 1

Covered Sp: Open Prk Sp: No # Assg Sp:

Parking Features: Carport Attached, Driveway Features

View: Doors: Screen Door(s), Sliding Doors

Windows:

Fixtures Except: No

Foundation: Crawl Space

Fencing: Back Yard, Privacy, Wood

Accessibility:

Exterior Cover: Brick Full, Fiber Cement

Laundry: Laundry Room, Main Level

Basement Dtls: No

Fireplaces: Yes/Gas, Living Room, Porch

2nd Living Qtr:

Construct Type: Site Built

Road Frontage:

Road Surface: Patio/Porch: Covered, Porch, Screened

Roof: Architectural Shingle

Other Equipmnt:Surround Sound

Security Feat: Security System

Other Structure: Shed(s)

Horse Amenities:

Inclusions:

Appliances: Beverage Refrigerator, Dishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Washer/Dryer Included, Wine Refrigerator

Interior Feat: Attic Stairs Pulldown, Breakfast Bar, Built-in Features, Entrance Foyer, Kitchen Island, Open Floorplan, Walk-In Closet(s), Wet Bar

Floors: Tile, Wood

Exterior Feat: Hot Tub, Pool-In-Ground

Sewer: City Sewer

Heat: Forced Air, Natural Gas

Subject to HOA: None

Utilities

Water: City Water

Cool: Central Air

Association Information

Subj to CCRs: Undiscovered HOA Subj Dues:

Remarks Information

Public Rmrks: Classic Madison Park ranch with countless modern upgrades! The stunning 36 by 18 foot pool in the backyard along with covered screened-in porch, hot tub and gas fireplace make this home an entertainer's dream. Gorgeous kitchen with breakfast bar open to spacious living and dining complete with custom built-in bar with sink, wine fridge and ice maker. Three bedrooms and two full updated bathrooms. Dedicated laundry room with ample storage. Additional features include; custom closets, original re-finished hardwoods, recessed lighting, surround sound, two gas fireplaces and thoughtfully designed doors, trim and crown molding throughout. New Pella windows 2019, new refrigerator 2022, new crawl space vapor barrier 2023, new insulation in attic and crawl space 2017, new pool liner 2020 and new pool pump 2022. Fantastic location with walkability to all Madison Park has to offer!

Directions:

Listing Information

BEDROOM#2 11'-6"x12'-6"

KITCHEN 13'-2"x12'-6"

DININGROOM 14'-0"x12'-10"

PRIMARYSUITE 12'-6"x11'-0" BEDROOM#3 11'-0"x11'-0"

FOYER

LIVINGROOM 13'-8"x16'-4"

SCREEN PORCH CARPORT

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.

5.Inthespacebelow,typeorprintininktheaddressoftheproperty(sufficienttoidentifyit)andyourname.Thensignanddate.

PropertyAddress:

Owner'sName(s):

Owner(s)acknowledge(s)havingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueandcorrectas ofthedatesigned.

OwnerSignature: Date

OwnerSignature: Date

BuyersacknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;thattheyunderstandthat thisisnotawarrantybyownersorowners'agents;thatitisnotasubstituteforanyinspectionstheymaywishtoobtain;andthatthe representationsaremadebytheownersandnottheowners'agentsorsubagents.Buyersarestronglyencouragedtoobtaintheirown inspectionsfromalicensedhomeinspectororotherprofessional.Asusedherein,wordsinthepluralincludethesingular,asappropriate.

BuyerSignature: Date

BuyerSignature: Date

Bonnie S Tcherkezian

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

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)............................................

13.Whatisthedwelling'swatersupplysource? City/County CommunitySystem PrivateWell Shared Well Other (Checkallthatapply).................................................................

14.Thedwelling'swaterpipesaremadeofwhattypeofmaterial? Copper Galvanized Plastic Polybutylene Other (Checkallthatapply)...................................................

15.Isthereanyproblem,malfunctionordefectwiththedwelling'swatersupply(includingwaterquality,quantity, orwaterpressure)?..................................................................................................................................................

16.Whatisthedwelling'ssewagedisposalsystem? SepticTank SepticTankwithPump Community System ConnectedtoCity/CountySystem City/CountySystemavailable Straightpipe(wastewater doesnotgointoasepticorothersewersystem[note:useofthistypeofsystemviolatesstatelaw]) Other (Checkallthatapply).....................................................

17.Ifthedwellingisservicedbyasepticsystem,doyouknowhowmanybedroomsareallowedbytheseptic systempermit?

Ifyouransweris“yes,”howmanybedroomsareallowed? Norecordsavailable

18.Isthereanyproblem,malfunctionordefectwiththedwelling'ssewerand/orsepticsystem?...............................

19.Isthereanyproblem,malfunctionordefectwiththedwelling'scentralvacuum,pool,hottub,spa,atticfan, exhaustfan,ceilingfans,sumppump,irrigationsystem,TVcablewiringorsatellitedish,garagedooropeners, gaslogs,orothersystems?......................................................................................................................................

20.Isthereanyproblem,malfunctionordefectwithanyappliancesthatmaybeincludedintheconveyance (range/oven,attachedmicrowave,hood/fan,dishwasher,disposal,etc.)?..............................................................

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):

#20 - dishwasher is fully functional, lights on screen don’t light up. #23 - unpermitted interior updates in 2017, Structural Engineer letter attached stating all structurally sound.

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

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

32.Isthepropertysubjecttogoverningdocumentswhichimposevariousmandatorycovenants,conditions,and restrictionsuponthelotorunit?.............................................................................................................................

Ifyouanswered“yes”tothequestionabove,pleaseexplain(attachadditionalsheetsifnecessary):

33.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnotlimitedto, obligationstopayregularassessmentsorduesandspecialassessments?Ifyouransweris"yes",pleaseprovide theinformationrequestedbelowastoeachowners'associationtowhichthepropertyissubject[insertN/Ainto anyblankthatdoesnotapply]:

●(specifyname)

whoseregularassessments(“dues”)

are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare

●(specifyname)

whoseregularassessments(“dues”)

are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare

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 outoftheassociation'sregularassessments(“dues”)?(Checkallthatapply).

January 27, 2023

Bonnie Stroup

4326 Waterbury Dr, Charlotte – structural inspection

On 1-26-2023 I visited this residence to investigate structural modifications made previously. The work consisted of installing two raised LVL beams at the ceiling level to replace load bearing walls. The owner reports that the design was by an architect although informally and with no drawings currently available.

In the attic, a single and double 11-7/8” LVL can be seen along with strap hangers for ceiling joists. The beams are sufficiently sized for residential code required loading, and the work appears to be of adequate quality. There are no end- or mid-span braces; I recommend adding three braces as noted on the sketch below.

The three load points come down on stud groups within the walls; one at the carport supported by the existing foundation wall. Based on measurements in the crawlspace, the other two load points are over existing 16x16 masonry piers and foundations, which should be adequate for these supports.

February 10, 2023 amendment: Brace additions have been done in conformance with the requirements described herein.

John Hallenbeck, PE

3400 Broadfield Rd Charlotte NC 28226

704-54-8789

Property:

Seller: Buyer:

LEAD-BASEDPAINTORLEAD-BASEDPAINTHAZARDADDENDUM

4326 Waterbury Drive, Charlotte , NC 28209

Matthew A Tcherkezian, Bonnie S Tcherkezian

ThisAddendumisattachedtoandmadeapartoftheOffertoPurchaseandContract(“Contract”)betweenSellerandBuyerforthe Property.

DuringtheDueDiligencePeriod,BuyershallhavetherighttoobtainariskassessmentorinspectionofthePropertyforthepresence oflead-basedpaintand/orlead-basedpainthazards*atBuyer'sexpense.Buyermaywaivetherighttoobtainariskassessmentor inspectionofthePropertyforthepresenceoflead-basedpaintand/orlead-basedpainthazardsatanytimewithoutcause.

*Intactlead-basedpaintthatisingoodconditionisnotnecessarilyahazard.SeeEPApamphlet"ProtectYourFamilyFrom LeadinYourHome"formoreinformation.

DisclosureofInformationonLead-BasedPaintandLead-BasedPaintHazards

LeadWarningStatement

EveryBuyerofanyinterestinresidentialrealpropertyonwhicharesidentialdwellingwasbuiltpriorto1978isnotifiedthatsuch propertymaypresentexposuretoleadfromlead-basedpaintthatmayplaceyoungchildrenatriskofdevelopingleadpoisoning. Leadpoisoninginyoungchildrenmayproducepermanentneurologicaldamage,includinglearningdisabilities,reducedintelligence quotient,behavioralproblems,andimpairedmemory. Leadpoisoningalsoposesaparticularrisktopregnantwomen.TheSellerof anyinterestinresidentialrealpropertyisrequiredtoprovidetheBuyerwithanyinformationonlead-basedpainthazardsfromrisk assessmentsorinspectionsintheSeller'spossessionandnotifytheBuyerofanyknownlead-basedpainthazards. Ariskassessment orinspectionforpossiblelead-basedhazardsisrecommendedpriortopurchase.

Seller'sDisclosure(initial)

(a)Presenceoflead-basedpaintand/orlead-basedpainthazards(checkonebelow):

Knownlead-basedpaintand/orlead-basedpainthazardsarepresentinthehousing(explain).

Sellerhasnoknowledgeoflead-basedpaintand/orlead-basedpainthazardsinthehousing.

(b)RecordsandreportsavailabletotheSeller(checkone)

SellerhasprovidedtheBuyerwithallavailablerecordsandreportspertainingtolead-based paintand/orlead-basedpainthazardsinthehousing(listdocumentsbelow).

Sellerhasnoreportsorrecordspertainingtolead-basedpaintand/orlead-basedpainthazards inthehousing.

Buyer'sAcknowledgement(initial)

(c)BuyeracknowledgesreceiptofSeller'sstatementsetforthin(a)above,andcopiesoftherecords/reportslisted in(b)above,ifany.

(d)Buyerhasreceivedthepamphlet ProtectYourFamilyfromLeadinYourHome.

(e)Buyer(checkonebelow):

AcceptstheopportunityduringtheDueDiligencePeriodtoconductariskassessmentor inspectionforthepresenceoflead-basedpaintand/orlead-basedpainthazards;or

Waivestheopportunitytoconductariskassessmentorinspectionforthepresenceoflead-basedpaint and/orlead-basedpainthazards.

Agent'sAcknowledgment(initial)

(f)AgenthasinformedtheSelleroftheSeller'sobligationsunder42U.S.C.4852dandisawareof his/herresponsibilitytoensurecompliance.

CertificationofAccuracy

Thefollowingpartieshavereviewedtheinformationaboveandcertify,tothebestoftheirknowledge,thattheinformationprovided bythesignatoryistrueandaccurate.

INTHEEVENTOFACONFLICTBETWEENTHISADDENDUMANDTHECONTRACT,THISADDENDUMSHALL CONTROL,EXCEPTTHATINTHECASEOFSUCHACONFLICTASTOTHEDESCRIPTIONOFTHEPROPERTYORTHE IDENTITYOFTHEBUYERORSELLER,THECONTRACTSHALLCONTROL.

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

Date:

Buyer: Date:

Buyer:

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

By:

Name: PrintName

Title:

Date:

SellingAgent:

Date:

Date:

Seller:

Date: Seller:

04/09/2023

Matthew A Tcherkezian

Matthew A Tcherkezian

04/07/2023

Bonnie S Tcherkezian

Bonnie S Tcherkezian

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

By: Name: PrintName

Title: Date: ListingAgent: Date:

Bonnie Stroup Tcherkezian

04/07/2023

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.

BuyerInitials

BuyerInitials

4.Oilandgasrightswereseveredfromthepropertybyapreviousowner.

5.Sellerhasseveredtheoilandgasrightsfromtheproperty.

6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.

NotetoPurchasers

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

PropertyAddress:

Owner'sName(s):

Owner(s)acknowledgehavingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueand correctasofthe datesigned.

OwnerSignature: Date

OwnerSignature: Date

Purchaser(s)acknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;that theyunderstand thatthisisnotawarrantybyownerorowner'sagent;andthattherepresentationsaremadebythe ownerandnottheowner'sagent(s)