19300 Yachtman Drive

Page 1

19300 Yachtman Drive Cornelius, NC 28031

PRIME Waterfront Location on Lake Norman!

waterfront location set on a quiet street, in a cul-de-sac,

the tip of a peninsula, with breathtaking year round million dollar views of Lake Norman in this CHARMING home. This tranquil haven boasts wide open water views while simultaneously sitting within a No Wake Zone leading to a peaceful cove. Very few lake lots can accomplish all of this and be flanked by two parks, Jetton & Ramsey Creek. Move into the charming home, renovate to your taste, or build your dream home. Fabulous lot with 210 FEET OF SHORELINE to soak in the beauty of the outdoors with the natural landscaping. Private permitted pier/dock w/Boatlift.This home is being sold ASIS. Home will be emptied and cleaned but no repairs. All building information to be verified by the buyer if desired. Easy access to I-77, dining, entertainment, shopping and medical facilities. Rare opportunity to find a waterfront lot like this with a boat dock. Convenient location close to The Peninsula Club and The Yacht Club.No

FEATURES Yachtman Shores $1,650,000 3 Bedrooms 2 Bathrooms 2,966 Sq Ft MLS# 3912720 PRIME
at
HOA!! Visit dickensmitchener.com for more information 2330 Randolph Road | Charlotte, NC 28207 | 704.342.1000 just listed -

Property Client Full

19300 Yachtman Drive, Cornelius, NC 28031-8624

MLS#: 3912720

Category: Single Family Parcel ID: 001-061-35

List Price: $1,650,000

Status: Active City Taxes Paid To: Cornelius

County: Mecklenburg Subdivision: Yachtman Shores Tax Value: $1,048,400 Zoning: GR Subdivision: Zoning Desc: Deed Ref: 12707-620

Legal Desc: L12 M21-61

Lot/Unit #: Approx Acres: 0.56 Approx Lot Dim: 260.33x25x178.44x144.12x66.78

Lot Desc: Cul-de-sac Lot, Private, Views, Waterfront, Winter View, Wooded, Year Round View

Elevation:

Recent: 10/14/2022 : NEWs : ->ACT

Next OH: Public: Sat Oct 15, 1:00PM-3:00PM

Room Level Beds Baths Room Type

School Information Type: 1.5 Story Elem: J.V. Washam Style: Middle: Bailey Construction Type: Site Built High: William Amos Hough

General Information

HLA

Non-HLA Sqft Bldg Information

Main: 1,599 Main: 0 Beds: 3

Upper: 1,367 Upper: 0 Baths: 2/0

Third: 0 Third: 0 Year Built: 1986

Lower: 0 Lower: 0 New Const: No Bsmnt: 0 Bsmt: 0 Prop Compl Date: Above Grade: 2,966

Construct Status: Total Primary HLA: 2,966 Total: 0 Builder: Additional Sqft: 0 Garage Sqft: 630

Additional Information Prop Fin: Assumable: No Ownership: Seller owned for at least one year

Special Conditions: None Road Responsibility: Publicly Maintained Road

Room Information

Main 2 1/0 Bathroom(s), Bedroom(s), Den, Dining Area, Great Room-Two Story, Kitchen Upper 1 1/ Bathroom(s), Bedroom(s), Bonus Room, Laundry Features

Waterbody Name: Lake Norman

Lake/Water Amenities: Boat Lift, Covered structure, Floating Dock, Pier, Stationary Dock Parking: Attached Garage, Garage - 2 Car, Parking Space - 1

Main Level Garage: Yes Driveway: Concrete, Gravel Doors/Windows: g-Insulated Windows Laundry: Upper, Closet Fixtures Exceptions: No Foundation: Crawl Space Fireplaces: Yes, Den, Gas Unvented, Great Room, Wood Burning, Other Floors: Brick, Tile, Wood Equip: Cooktop Electric, Dishwasher, Disposal, Microwave, Oven, Other - See Media/Remarks Interior Feat: Attic Stairs Pulldown, Breakfast Bar, Open Floorplan Exterior Feat: Hot Tub Exterior Covering: Wood Porch: Back, Screened Roof: Architectural Shingle Utilities

Sewer: Septic Installed Water: Well Installed HVAC: Central Air, Electric Hot Air Wtr Htr: Electric Subject To HOA: None Subj to CCRs: HOA Subj Dues: Proposed Spcl Assess: Confirm Spcl Assess: No Remarks

Public Remarks:

PRIME waterfront location set on a quiet street, in a cul-de-sac, at the tip of a peninsula, with breathtaking year round million dollar views of Lake Norman in this CHARMING home. This tranquil haven boasts wide open water views while simultaneously sitting within a No Wake Zone leading to a peaceful cove. Very few lake lots can accomplish all of this and be flanked by two parks, Jetton & Ramsey Creek. Move into the charming home, renovate to your taste, or build your dream home. Fabulous lot with 210 FEET OF SHORELINE to soak in the beauty of the outdoors with the natural landscaping. Private permitted pier/dock w/Boatlift.This home is being sold AS-IS. Home will be emptied and cleaned but no repairs. All building information to be verified by the buyer if desired. Easy acces to I-77, dining, entertainment, shopping and medical facilities. Rare opportunity to find a waterfront lot like this wit a boat dock. Convenient location close to The Peninsula Club and The Yacht Club.No HOA!!

Directions: From I-77N; Ex 28; Left Catawba Avenue, turn right onto Nantz Road, take 3rd right onto Yachtman Drive, home is a the end of the street in the cul-de-sac.

Listing Information

Cross
DOM: CDOM: Closed Dt: Slr Contr: UC Dt: DDP-End Date: Close Price: LTC: Prepared By: ©2022 Canopy MLS. All rights reserved. Information herein deemed reliable but not guaranteed. Generated on 10/14/2022 1:33:32 PM
µ0 0. 006 0. 0012 . 003 Miles Date Pr i nted: 10 /14/202 2 7:45:5 6 A M Th is m ap o r re p o r t is p r e p a re d fo r th e i nv e n to ry o f r e a l p ro p e r ty w ith in M e ck le n b u rg C o u n ty a n d is co m p ile d fr o m r e co r d e d de e d s , pl a ts, ta x m a p s, s ur ve y s, p la n im e tr ic m a p s, a n d o th e r p u b l ic r e co r d s a n d d ata Us er s o f th is m a p o r re p o r t a re h e r eb y n o tifie d th a t th e a fo r e m e n tio n e d p u bl ic pr im a r y in fo r m a tio n so u r ce s sh o u l d b e c o n su lte d fo r v e ri fi ca tio n M e ck le n b u rg C o u n ty a n d its m a p p in g c o n tr a cto r s a ss u me n o l eg a l re sp o n si b ili ty fo r th e i n fo rm a tio n co n ta i ne d h e r e in Polaris3G Map MecklenburgCounty,NorthCarolina

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(s)acknowledge(s)havingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueandcorrectas

OwnerSignature:

BuyersacknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;thattheyunderstandthat

STATEOFNORTHCAROLINA RESIDENTIALPROPERTYANDOWNERS'ASSOCIATIONDISCLOSURESTATEMENT
Owner'sName(s):
ofthedatesigned.
Date OwnerSignature: Date
thisisnotawarrantybyownersorowners'agents;thatitisnotasubstituteforanyinspectionstheymaywishtoobtain;andthatthe representationsaremadebytheownersandnottheowners'agentsorsubagents.Buyersarestronglyencouragedtoobtaintheirown inspectionsfromalicensedhomeinspectororotherprofessional.Asusedherein,wordsinthepluralincludethesingular,asappropriate. BuyerSignature: Date BuyerSignature: Date REC4.22Page1of4 Rev8/21 Phone: Fax: ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX75201 www.lwolf.com 19300 Yachtman Drive, Cornelius, NC 28031 Christine L. Lundsten, POA for Stanley Louise Burford, Lynn Burford, POA for Stanley Louise Burford Dickens-Mitchener & Associates, 2330 Randolph Rd Charlotte NC 28207 (704) 574-0580 (704) 697-2566 19300 Yachtman Dr Karen Hollingsworth Miller DocuSign Envelope ID: 4B44EE13-2D93-4609-ACE7-F406B4CB478E 10/12/2022 10/12/2022

Thefollowingquestionsaddressthecharacteristicsandconditionofthepropertyidentifiedaboveaboutwhichtheowner

thanone,tobeconveyedwiththeproperty.Theterm“dwellingunit”referstoanystructureintendedforhumanhabitation.

1. Inwhatyearwasthedwellingconstructed?.

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

3.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial?

Composition/Hardboard

Asbestos

(Checkallthatapply)

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

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

10.Whatisthedwelling'sheatsource? Furnace HeatPump Baseboard Other

11.Whatisthedwelling'scoolingsource? CentralForcedAir Wall/WindowUnit(s) Other (Checkallthatapply)Ageofsystem:

Electricity NaturalGas Propane Oil Other (Checkallthatapply) Ifthefuelsourceisstoredinatank,identifywhetherthetankis abovegroundor belowground,and whetherthetankis leasedbyselleror ownedbyseller.(Checkallthatapply)............................................

13.Whatisthedwelling'swatersupplysource? City/County CommunitySystem PrivateWell Shared

Other

Copper Galvanized Plastic Polybutylene Other

SepticTank SepticTankwithPump Community System

City/CountySystemavailable Straightpipe(wastewater doesnotgointoasepticorothersewersystem[note:useofthistypeofsystemviolatesstatelaw])

PropertyAddress/Description:
has actual knowledge.Wherethequestionrefersto“dwelling,”itisintendedtorefertothedwellingunit,orunitsifmore
No Yes No Representation
Explainifnecessary: 2.
BrickVeneerWoodStoneVinyl SyntheticStucco
Concrete FiberCement Aluminum
Other
4.Inwhatyearwasthedwelling'sroofcoveringinstalled? (Approximateifnorecordsare available)Explainifnecessary: 5.Isthereanyleakageorotherproblemwiththedwelling'sroof?........................................................................... 6.Isthereanywaterseepage,leakage,dampnessorstandingwaterinthedwelling'sbasement,crawlspace,orslab?
9.Isthereanyproblem,malfunctionordefectwiththedwelling'sheatingand/orairconditioning?......................
(Checkallthatapply)Ageofsystem:
12.Whatarethedwelling'sfuelsources?
Well
(Checkallthatapply)................................................................. 14.Thedwelling'swaterpipesaremadeofwhattypeofmaterial?
(Checkallthatapply)................................................... 15.Isthereanyproblem,malfunctionordefectwiththedwelling'swatersupply(includingwaterquality,quantity, orwaterpressure)?.................................................................................................................................................. 16.Whatisthedwelling'ssewagedisposalsystem?
ConnectedtoCity/CountySystem
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.)?.............................................................. BuyerInitialsandDateOwnerInitialsandDate BuyerInitialsandDateOwnerInitialsandDate REC4.22Page2of4 Rev8/21 ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com 19300 Yachtman Drive, Cornelius, NC 28031 L12 M21-61 1986 X X X X X X X X X X X X X X X X X X X X X X X X X X X 19300 Yachtman DocuSign Envelope ID: 4B44EE13-2D93-4609-ACE7-F406B4CB478E 10/12/2022 10/12/2022

userestrictions,orbuildingcodes(includingthefailuretoobtainproperpermitsforroomadditionsorother

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?

liens,proposedassessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?............................................................................................................................

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.

No Yes No Representation

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

33.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnotlimitedto, obligationstopayregularassessmentsorduesandspecialassessments?Ifyouransweris"yes",pleaseprovide

●(specifyname)

whoseregularassessments(“dues”)

whoseregularassessments(“dues”)

No Yes No Representation 21.Isthereanyproblemwithpresentinfestationofthedwelling,ordamagefrompastinfestationofwood destroyinginsectsororganismswhichhasnotbeenrepaired?.............................................................................. 22.Isthereanyproblem,malfunctionordefectwiththedrainage,gradingorsoilstabilityoftheproperty?............ 23.Arethereanystructuraladditionsorotherstructuralormechanicalchangestothedwelling(s)tobeconveyed withtheproperty?.................................................................................................................................................... 24.Isthepropertytobeconveyedinviolationofanylocalzoningordinances,restrictivecovenants,orotherland-
changes/improvements)?.........................................................................................................................................
27.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywallsorencroachmentsfrom oronadjacentproperty?......................................................................................................................................... 28.Isthepropertythesubjectofanylawsuits,foreclosures,bankruptcy,leasesorrentalagreements,judgments,tax
29.Isthepropertysubjecttoafloodhazardoristhepropertylocatedinafederally-designatedfloodhazardarea? 30.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?..........................................................................
Ifyouanswered“yes”tothequestionabove,pleaseexplain(attachadditionalsheetsifnecessary):
theinformationrequestedbelowastoeachowners'associationtowhichthepropertyissubject[insertN/Ainto anyblankthatdoesnotapply]:
are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare ●(specifyname)
are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare BuyerInitialsandDateOwnerInitialsandDate BuyerInitialsandDateOwnerInitialsandDate REC4.22Page3of4 Rev8/21 ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com X X X X X X X X X X X 13 The well needs to be replaced X 19300 Yachtman DocuSign Envelope ID: 4B44EE13-2D93-4609-ACE7-F406B4CB478E 10/12/2022 10/12/2022

*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

outoftheassociation'sregularassessments(“dues”)?(Checkallthatapply). No Yes No Representation ManagementFees................................................................................................................................................... ExteriorBuildingMaintenanceofPropertytobeConveyed................................................................................. MasterInsurance................................................................................................................................................... ExteriorYard/LandscapingMaintenanceofLottobeConveyed.......................................................................... CommonAreasMaintenance................................................................................................................................. TrashRemoval....................................................................................................................................................... RecreationalAmenityMaintenance(specifyamenitiescovered) PestTreatment/Extermination................................................................................................................................ StreetLights........................................................................................................................................................... Water..................................................................................................................................................................... Sewer..................................................................................................................................................................... StormwaterManagement/Drainage/Ponds........................................................................................................... InternetService..................................................................................................................................................... Cable..................................................................................................................................................................... PrivateRoadMaintenance............................................................................................................................................ ParkingAreaMaintenance.................................................................................................................................... Gateand/orSecurity.............................................................................................................................................. Other:(specify) BuyerInitialsandDateOwnerInitialsandDate BuyerInitialsandDateOwnerInitialsandDate REC4.22Page4of4 Rev8/21 ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com 19300 Yachtman DocuSign Envelope ID: 4B44EE13-2D93-4609-ACE7-F406B4CB478E 10/12/2022 10/12/2022

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

BuyerInitials

5.Sellerhasseveredtheoilandgasrightsfromtheproperty.

6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.

NotetoPurchasers

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

STATEOFNORTHCAROLINA
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) orsubagent(s). PurchaserSignature: Date PurchaserSignature: Date REC4.25 1/1/15 Phone: Fax: ProducedwithLoneWolfTransactions(zipFormEdition)717NHarwoodSt,Suite2200,Dallas,TX 75201 www.lwolf.com X X X X X X 19300 Yachtman Drive, Cornelius, NC 28031 Christine L. Lundsten, POA for Stanley Louise Burford, Lynn Burford, POA for Stanley Louise Burford Christine L. Lundsten, POA for Stanley Louise Burford Lynn Burford, POA for Stanley Louise Burford Dickens-Mitchener & Associates, 2330 Randolph Rd Charlotte NC 28207 (704) 574-0580 (704) 697-2566 19300 Yachtman Karen Hollingsworth Miller DocuSign Envelope ID: 4B44EE13-2D93-4609-ACE7-F406B4CB478E 10/12/2022 10/12/2022

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.