7117 Alexander Road
CHARLOTTE, NC 28270
![](https://assets.isu.pub/document-structure/230526192319-791e8388e528589d7439df0a21f90e67/v1/f3026f76c1d7f2202c9c5aef447d25f9.jpeg)
7117 Alexander Road
CHARLOTTE, NC 28270
Classic Charlotte charmer, this stately home is situated on ¾ acre wooded lot in South Charlotte. The gracious rocking chair front porch beckons you inside this thoughtfully renovated home that features an ideal open floor plan with great flow between main living spaces. Stunning living and dining rooms open to updated chef’s kitchen with views of the gorgeous backyard. Spacious family room with gas fireplace opens to enclosed breezeway that connects to office/study. Upstairs is a huge bonus room with plenty of space to spread out, workout or play. Guest bedroom and full bath on main level. New engineered white oak hardwood floors on main. Primary bedroom with ensuite on upper level + two additional bedrooms and full bath. The backyard is the perfect outdoor entertaining space with its extensive deck and patio overlooking the fully fenced-in private and peaceful retreat. Fantastic location inside of Highway 51 and so close to Arboretum, South Park and a quick commute Uptown. Visit
7117 Alexander Road, Charlotte, NC 28270
Road
Main Kitchen Living Rm Dining Rm
Upper
Parking Information
Main Lvl Garage: Yes Garage: Yes # Gar Sp: 2 Carport: No # Carport Spc:
Covered Sp: Open Prk Sp: No # Assg Sp:
Parking Features: Circular Driveway, Garage Attached, Garage Faces Front, Garage Shop Features
Lot Description: Private, Trees, Wooded
Windows: Insulated Window(s), Window Treatments
Fixtures Except: No
Foundation: Crawl Space
Fencing: Back Yard, Fenced
Accessibility:
Exterior Cover: Brick Partial, Other - See Remarks
Road Surface: Paved
Roof: Architectural Shingle
Security Feat: Carbon Monoxide Detector(s), Security System, Smoke Detector
Laundry: Electric Dryer Hookup, Laundry Closet, Main Level
Basement Dtls: No
Fireplaces: Yes/Family Room, Gas Unvented, Living Ro
2nd Living Qtr:
Construct Type: Site Built
Road Frontage:
Patio/Porch: Covered, Front Porch, Patio
Other Structure: Shed(s)
Inclusions:
Appliances: Convection Oven, Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Plumbed For Ice Maker, Warming Drawer
Interior Feat: Attic Stairs Pulldown, Breakfast Bar, Cable Prewire, Entrance Foyer, Open Floorplan, Pantry, Walk-In Closet(s)
Floors: Carpet, Tile, Vinyl Plank, Wood
Exterior Feat: Fire pit, In-Ground Irrigation Utilities
Sewer: City Sewer Water: City Water
Heat: Electric, Heat Pump, Natural Gas, Zoned Cool: Ceiling Fan(s), Central Air Association Information
Subject to HOA: None Subj to CCRs: Undiscovered HOA Subj Dues:
Remarks Information
Public Rmrks: Classic Charlotte charmer, this stately home is situated on ¾ acre wooded lot in South Charlotte. The gracious rocking chair front porch beckons you inside this thoughtfully renovated home that features an ideal open floor plan with great flow between main living spaces. Stunning living and dining rooms open to updated chef’s kitchen with views of the gorgeous backyard. Spacious family room with gas fireplace opens to enclosed breezeway that connects to office/study. Upstairs is a huge bonus room with plenty of space to spread out, workout or play. Guest bedroom and full bath on main level. New engineered white oak hardwood floors on main. Primary bedroom with ensuite on upper level + two additional bedrooms and full bath. The backyard is the perfect outdoor entertaining space with its extensive deck and patio overlooking the fully fenced-in private and peaceful retreat. Fantastic location inside of Highway 51 and so close to Arboretum, South Park and a quick commute Uptown.
Directions:
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
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):
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
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).
PestTreatment/Extermination................................................................................................................................
StreetLights...........................................................................................................................................................
Water.....................................................................................................................................................................
Sewer.....................................................................................................................................................................
StormwaterManagement/Drainage/Ponds...........................................................................................................
InternetService.....................................................................................................................................................
Cable.....................................................................................................................................................................
PrivateRoadMaintenance............................................................................................................................................
ParkingAreaMaintenance....................................................................................................................................
Gateand/orSecurity..............................................................................................................................................
Other:(specify)
1) Explain Any Yes Answers approximately 15 years ago. 2022- opened walls on main floor, per engineer's approved drawing added column & 4 CMUs, and 5 helical piers in crawl space.
Property: Seller: Buyer:
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:
EntitySeller: (NameofLLC/Corporation/Partnership/Trust/etc.)
By: Name: PrintName
Title: Date: ListingAgent: Date:
Frank R Davidson Vicki Davidson Margo
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:
BuyerInitials
BuyerInitials
1.Mineralrightswereseveredfromthepropertybyapreviousowner.
2.Sellerhasseveredthemineralrightsfromtheproperty.
3.Sellerintendstoseverthemineralrightsfromthepropertypriorto BuyerInitialstransferoftitletotheBuyer.
BuyerInitials
BuyerInitials
4.Oilandgasrightswereseveredfromthepropertybyapreviousowner.
5.Sellerhasseveredtheoilandgasrightsfromtheproperty.
6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.
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)