KC Regis Buyer Handbook

Buyer Agency 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.

2330 Randolph Road Charlotte, NC 28207

dickensmitchener.com 704.342.1000

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

• Originally from Northern Virginia, KC began calling North Carolina home in 2021.

• After graduating from Virginia Tech with a degree in Communications, KC pursued her Master’s in Sport Leadership from Virginia Commonwealth University.

• Her work experience includes professional, collegiate and corporate sports, focusing on marketing, sponsorship, event management and donor relations.

• In 2022, KC and her husband started a successful home services business, specializing in home inspection, repair and organization. Her husband’s license in home inspection gives KC extra insight into what to look for in a home.

• Her expertise in communication and logistics allows her to gain trust quickly and offer a seamless home buying and selling experience.

• KC is married and has two young children.

• Canopy Multiple Listing Services

• Canopy REALTOR® Association

• National Association of REALTORS®

• North Carolina Association of REALTORS®

Fun Facts

• KC is passionate about living a simpler, non-toxic and less cluttered lifestyle.

• When she is not at home, you can find her on the sidelines of a soccer field or on a long walk enjoying the beauty that is North Carolina.

• She loves exploring new places and finding dives to enjoy local food in its truest form.

• A sourdough bread baker, KC began her journey with homemade sourdough in 2023 and now she can’t stop baking fresh bread.

• She is a former ballet dancer and a dedicated member of NeighborhoodBarre in Concord.

• KC is a member of Junior Charity League of Concord.

THE IMPORTANCE OF BUYER REPRESENTATION

YOUR HOME BUYING ADVOCATE AND TRUSTED ADVISOR

Having representation from a Buyer’s Agent is the only way that you can be confident that you have someone looking out for your best interests and allowing you to make informed real estate decisions.

ALIGNMENT WITH A PROFESSIONAL

Our high quality reputation is backed by its membership in Leading Real Estate Companies of the World® an invitation only global community in over 70 countries. Membership is awarded to firms based on rigorous standards for service and performance.

UNPARALLELED MARKET KNOWLEDGE

Our brokerage is rooted in the communities we serve. We possess deep local knowledge, an understanding of local housing regulations and trends to help you make smarter, informed decisions. We bring an authentic “Main Street” perspective to real estate that many of our competitors cannot claim.

NEGOTIATION WITH MARKET EXPERTISE

Understanding your goals, desires and concerns Is fundamental to skillful negotiation, coupled with strong market knowledge and financial acumen. Your Buyer’s Agent will work on your behalf and negotiate the best possible price and terms for your home purchase.

SERVICES TAILORED TO YOUR NEEDS

Our services are distinctive, extensive, and personalized for you, as our longstanding reputation was built on consistently delivering high performance to every client. Our strong local culture is well-aligned with your market-specific needs.

A STREAMLINED PROCESS

Your Buyer’s Agent will simplify the process and guide you through the necessary steps making the most efficient use of your time. From your home search and negotiation to contract and closing. These are just some of the steps where your Buyer’s Agent will facilitate.

✓ Market Analysis

✓ Lender Pre-Approval

✓ Offer

✓ Negotiation

✓ Contract Review and Approval

✓ Purchase Agreement Finalized

✓ Home Loan Approval

✓ Inspection/Due Diligence

✓ Apply for Home Insurance

✓ Title Exam

✓ Loan Approval

✓ Prepare Finances and Documents for Closing

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 Real Estate Broker will review Working with Real Estate Agents Disclosure/ and the Exclusive Buyer Agency Agreement with you. You will be asked to sign these agreements to hire our firm to represent you.

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. At this time we will determine who is paying the buyer agency fee: you the Buyer, the Seller, or a combination of the two.

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.

CONSUMER GUIDE TO WRITTEN BUYER AGREEMENTS

Why am I being asked to sign this?

If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest As of August 17, 2024, you will be asked to sign a written buyer agreement after you’ve chosen the professional you want to work with. Here’s what you should know about these agreements:

What is a “written buyer agreement?” What does it do? A written buyer agreement is an agreement between you and your real estate professional outlining the services your real estate professional will provide you, and what they will be paid for those services.

Why am I being asked to sign an agreement? Written buyer agreements became a nationwide requirement for many real estate professionals as a part of the National Association of REALTORS®’ proposed settlement of litigation related to broker commissions. The requirement went into effect on August 17, 2024.

Are these agreements new? In some places, yes. Many states have required them for years, while some have not. As a result, it is entirely possible you or others you know have not used them in the recent past. Regardless, they are now a nationwide requirement for many real estate professionals

Are these agreements negotiable? Yes! You should feel empowered to negotiate any aspect of the agreement with your real estate professional, such as the services you want to receive, the length of the agreement, and the compensation, if any. Compensation between you and your real estate professional is negotiable and not set by law. In the written agreement, the compensation must be clearly defined (e.g., $0, X flat fee, X percent, X hourly rate) and not open-ended or a range. Only sign an agreement that reflects what you have agreed to with your real estate professional.

How do I benefit from these agreements? These agreements clearly lay out what services you (as a homebuyer) expect your real estate professional to provide, and what your real estate professional will be paid. These agreements make things clear and reduce any potential confusion at the outset of your relationship with your real estate professional

When do I need to sign an agreement? You will be asked to enter into a written buyer agreement with your real estate professional before “touring” a home with them, either in-person or virtually. If you are simply visiting an open house on your own or asking a real estate professional about their services, you do not need to sign a written buyer agreement.

Does this mean I have to pay my real estate professional out of pocket? Not necessarily. While you are responsible for paying your real estate professional as outlined by your agreement, you can still request, negotiate for, and receive compensation for your real estate professional from the seller or their agent.

Do agreements dictate a specific type of relationship I need to have with my real estate professional? No you are allowed to enter into any type of business relationship with your real estate professional allowed by state law where you live.

Can I change or exit an agreement? Yes. You and your real estate professional can mutually agree to change your agreement. Agreements may have specific conditions under which they can be exited, so read the text of the agreement and speak with your real estate professional if you would like to change or exit your agreement.

Please visit facts.realtor for more information, and consult your real estate professional or attorney for more information about state law where you live.

REALTORS® are members of the National Association of REALTORS®

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.

CLOSING

DATE

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

2-3 WEEKS BEFORE CLOSING

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

DAY OF CLOSING OR DAY 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

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.

Bank statements for the past 2 months

Pay stubs for past 30 days

Address history for the past 2 years

Employment history for the past 2 years

W2’s/1099 for the past 2 years

Past two years’ federal tax returns

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)

Photo I.D.

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.

Buyer Agency Fee: This is compensation to our firm for services outlined in the Exclusive Buyer Agency Agreement.

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.

Love it. Forms

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.

NotetoBuyer: Formoreinformationonanagent'sdutiesandservices,refertotheNCRealEstateCommission's“Questions andAnswerson:WorkingWithRealEstateAgents”brochureatncrec.gov(Publications,Q&ABrochures)oraskanagentfora copyofit.

Dickens Mitchener & Assoc.

Dickens Mitchener

NOTE: Onlyusethisformtocreateanagreementforcooperatingcompensationifasellerisrepresentedbyalicensedrealestate broker.UseForm150insteadofthisformifyouarecreatingacompensationagreementwithanunrepresentedseller. DONOT UPLOADTHISFORMTOTHEMLS.

“Seller”: “Buyer”: “Property”:

1. FEE:(CheckOnlyOne) Selleror ListingFirmagreestopaySellingFirmcooperatingcompensationasfollows(the “Fee”),subjecttothetermsofthisagreement:

%ofthegrosssalesprice; Aflatfeeof$;or, Other:

2. PAYMENTOFTHEFEE:

a.TheFeewillbeearnedbySellingFirmuponbothBuyerandSellersigningawrittencontractforthesaleoftheProperty (the“Contract”)duringthetermofthisagreement.TheFeewillbedueandpayabletoSellingFirmwhenBuyer,any authorizedassigneeofBuyer,oranypartyauthorizedbyBuyerandSellerundertheContractoranyamendmentthereto, closesonthepurchaseoftheProperty.

b.TheFeewillbepaidatclosing,asdefinedintheContract,unlessotherwiseagreed.

3. TERM,EFFECTIVENESS,ANDEXPIRATION:ThisagreementshallbeeffectivewhensignedbySellerorListing Firm,asapplicable,andSellingFirm.Thisagreementwillterminateupontheearlierofclosing,asdefinedintheContract,or ,20,unlesstheFeehasbeenearnedpriortosuchdate.IftheFeehasbeenearnedpriorto theexpirationdateinthisparagraph,thenthisagreementshallnotterminateanditwillcontinuetobeinfullforceandeffect untilclosing,asdefinedintheContract,oruntiltheContractisterminated,solongassuchterminationisnotaresultof Seller'sbreach.

4. MERGER,MODIFICATION,ASSIGNMENT,ENFORCEMENT,ANDGOVERNINGLAW:ThisAgreement representstheentireagreementofthepartieshereto.Allpriorunderstandingsandagreementsaremergedintothisdocument. Thisagreementmayonlybemodifiedbyawrittendocumentsignedbyallparties,anditmaynotbeassignedexceptby writtenconsentofallparties.Iflegalproceedingsareinstitutedtoenforceanyprovisionofthisagreement,theprevailing partyintheproceedingshallbeentitledtorecoverfromthenon-prevailingpartyreasonableattorney'sfeesandcourtcosts incurredinconnectionwiththeproceeding.ThisagreementisgovernedbyNorthCarolinalaw.

THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.,MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.

Date: ListingFirm: AgentName(Print): By: (AgentSignature)

Date:

Seller: (Signature)

Date:

Seller: (Signature)

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

By:

Name(Print):

Title:

Date:

Date: SellingFirm: AgentName(Print): By: (AgentSignature)

Date: Buyer: (Signature)

Date: Buyer: (Signature)

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

By: Name(Print):

Title:

Date:

Buyersignstoacknowledgereceiptofthisformandconsentto thefeearrangementhereinonly.

Dickens Mitchener &

Dickens Mitchener

OFFERTOPURCHASEANDCONTRACT

[Consult"Guidelines"(Form2G)forguidanceincompletingthisform]

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

1. TERMSANDDEFINITIONS: Thetermslistedbelowshallhavetherespectivemeaninggiventhemassetforthadjacenttoeach term.

(a) "Seller":

(b) "Buyer":

(c) "Property": ThePropertyshallincludeallthatrealestatedescribedbelowtogetherwithallappurtenancestheretoincludingthe improvementslocatedthereonandthefixturesandpersonalpropertylistedinParagraphs2and3below.

ThePropertywillwillnotincludeamanufactured(mobile)home(s).

ThePropertywillwillnotincludeanoff-siteand/orseparatesepticlot,boatslip,garage,parkingspace,orstorageunit.

NOTE: Ifamanufacturedhome(s)orasepticlot,boatslip,garage,parkingspace,orstorageunitisincluded,BuyerandSeller arestronglyencouragedtoincludefurtherdetailsintheAdditionalProvisionsAddendum(Form2A11-T)andattachittothisoffer.

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

d) "PurchasePrice":

$paidinU.S.Dollarsuponthefollowingterms:

$BYDUEDILIGENCEFEEmadepayableanddeliveredtoSellerontheEffective Datebycashpersonalcheckofficialbankcheckwiretransfer electronictransfer(specifypaymentservice: )

$BYINITIALEARNESTMONEYDEPOSITmadepayableanddeliveredtoEscrow AgentnamedinParagraph1(f)withinfive(5)daysoftheEffectiveDateofthis Contractbycashpersonalcheck officialbankcheck wiretransfer electronictransfer.

$BY(ADDITIONAL)EARNESTMONEYDEPOSITmadepayableanddeliveredto EscrowAgentnamedinParagraph1(f)nolaterthan5p.m.on , TIMEISOFTHEESSENCE by cash officialbankcheck wiretransfer electronictransfer

$BYASSUMPTIONoftheunpaidprincipalbalanceandallobligationsofSelleronthe existingloan(s)securedbyadeedoftrustonthePropertyinaccordancewiththe attachedLoanAssumptionAddendum(StandardForm2A6-T).

$BYSELLERFINANCINGinaccordancewiththeattachedSellerFinancing Addendum(StandardForm2A5-T).

$BYBUILDINGDEPOSITinaccordancewiththeattachedNewConstruction Addendum(StandardForm2A3-T).

$BALANCEofthePurchasePriceincashatSettlement(someorallofwhichmaybe paidwiththeproceedsofanewloan).

Page 1 of 17

ShouldBuyerfailtodelivereithertheDueDiligenceFeeoranyInitialEarnestMoneyDepositbytheirduedates,orshouldany checkorotherfundspaidbyBuyerbedishonored,foranyreason,bytheinstitutionuponwhichthepaymentisdrawn,Buyershall haveone(1)bankingdayafterwrittennoticetodelivercash,officialbankcheck,wiretransferorelectronictransfertothepayee.In theeventBuyerdoesnottimelydelivertherequiredfunds,SellershallhavetherighttoterminatethisContractuponwrittennotice toBuyer,andSellershallbeentitledtorecovertheDueDiligenceFeetogetherwithallEarnestMoneyDepositpaidortobepaidin thefuture.Inaddition,Sellermayseekanyremediesallowedfordishonoredfunds.Seeparagraph23foraparty'srighttoattorneys' feesincurredincollectingtheEarnestMoneyDepositorDueDiligenceFee.

NOTE: IfthepartiesagreethatBuyerwillpayanyfeeordepositdescribedabovebyelectronicorwiretransfer,Selleragrees tocooperateineffectingsuchtransfer,includingtheestablishmentofanynecessaryaccountandprovidinganynecessary informationtoBuyer,provided,however,Buyershallberesponsibleforadditionalcosts,ifany,associatedwithsuchtransfer.

(e) "EarnestMoneyDeposit": TheInitialEarnestMoneyDeposit,theAdditionalEarnestMoneyDepositandanyotherearnest moniespaidorrequiredtobepaidinconnectionwiththistransaction,collectivelythe"EarnestMoneyDeposit,"shallbedeposited promptlyandheldinescrowbyEscrowAgent.TheEarnestMoneyDepositwillbecreditedtoBuyeratClosingordisbursedas requiredbythisContract.

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

NOTE: IntheeventofadisputebetweenSellerandBuyeroverthedispositionoftheEarnestMoneyDepositheldinescrow,a licensedrealestatebroker(“Broker”)isrequiredbystatelaw(andEscrowAgent,ifnotaBroker,herebyagrees)toretaintheEarnest MoneyDepositintheEscrowAgent'strustorescrowaccountuntilEscrowAgenthasobtainedawrittenreleasefromtheparties consentingtoitsdispositionoruntildisbursementisorderedbyacourtofcompetentjurisdiction.Alternatively,ifaBrokeroran attorneylicensedtopracticelawinNorthCarolina("Attorney")isholdingtheEarnestMoneyDeposit,theBrokerorAttorneymay depositthedisputedmonieswiththeappropriateclerkofcourtinaccordancewiththeprovisionsofN.C.G.S.§93A-12.

THEPARTIESAGREETHATAREALESTATEBROKERAGEFIRMACTINGASESCROWAGENTMAYPLACETHE EARNESTMONEYDEPOSITINANINTERESTBEARINGTRUSTACCOUNTANDTHATANYINTERESTEARNED THEREONSHALLBEDISBURSEDTOTHEESCROWAGENTMONTHLYINCONSIDERATIONOFTHEEXPENSES INCURREDBYMAINTAININGSUCHACCOUNTANDRECORDSASSOCIATEDTHEREWITH.

(g) "EffectiveDate": Thedatethat:(1)thelastoneofBuyerandSellerhassignedorinitialedthisofferorthefinalcounteroffer,if any,and(2)suchsigningorinitialingiscommunicatedtothepartymakingtheofferorcounteroffer,asthecasemaybe.Theparties acknowledgeandagreethattheinitialslinesatthebottomofeachpageofthisContractaremerelyevidenceoftheirhavingreviewed thetermsofeachpage,andthatthecompleteexecutionofsuchinitialslinesshallnotbeaconditionoftheeffectivenessofthis Agreement.ThepartiesfurtheracknowledgethattheeffectivenessofthisContractisnotcontingentonBuyer'spaymentofany EarnestMoneyDepositorDueDiligenceFee.Seeparagraph1(d)forSeller'sremedyforanyuntimelydeliveredordishonored funds.

(h) "DueDiligence": Buyer'sopportunitytoinvestigatethePropertyandthetransactioncontemplatedbythisContract,including butnotnecessarilylimitedtothemattersdescribedinParagraph4below,todecidewhetherBuyer,inBuyer'ssolediscretion,will proceedwithorterminatethetransaction.

(i) "DueDiligenceFee": Anegotiatedamount,ifany,paidbyBuyertoSellerwiththisContractforBuyer'srighttoterminatethe ContractforanyreasonornoreasonduringtheDueDiligencePeriod.ItshallbethepropertyofSellerupontheEffectiveDateand shallbeacredittoBuyeratClosing.TheDueDiligenceFeeshallbenon-refundableexceptintheeventofamaterialbreachofthis ContractbySeller,orifthisContractisterminatedunderParagraph23(b)orasotherwiseprovidedinanyaddendumhereto.Buyer andSellereachexpresslywaiveanyrightthattheymayhavetodenytherighttoconductDueDiligenceortoassertanydefenseas totheenforceabilityofthisContractbasedontheabsenceorallegedinsufficiencyofanyDueDiligenceFee,itbeingtheintentof thepartiestocreatealegallybindingcontractforthepurchaseandsaleofthePropertywithoutregardtotheexistenceoramountof anyDueDiligenceFee.Seller,orSeller'sagent,maydirectBuyerinwritingtomaketheDueDiligenceFeepayabletoapartyother than“Seller”asthattermisdefinedherein,andSelleragreestobeboundbysuchwrittendirection.Seeparagraph23foraparty's righttoattorneys'feesincurredincollectingtheDueDiligenceFee.

Page 2 of 17

(j) "DueDiligencePeriod":(Checkonlyone)

TheperiodbeginningontheEffectiveDateandextendingthrough5:00p.m.on(insertdateonly;not“N/A”) ; OR

Theperiodextendingfor(insertanumberonly;not“N/A”) daysaftertheEffectiveDateandendingat5:00 p.m.onthelastdayoftheperiod.

TIMEISOFTHEESSENCEFORANYDEADLINEINTHISPARAGRAPH.

(k) "Settlement": Theproperexecutionanddeliverytotheclosingattorneyofalldocumentsnecessarytocompletethetransaction contemplatedbythisContract,includingthedeed,settlementstatement,deedoftrustandotherloanorconveyancedocuments,and theclosingattorney'sreceiptofallfundsnecessarytocompletesuchtransaction.

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

NOTE: Seeparagraph12, DELAYINSETTLEMENT/CLOSING forconditionsunderwhichSettlementmaybedelayed.

(m) "Closing": ThecompletionofthelegalprocesswhichresultsinthetransferoftitletothePropertyfromSellertoBuyer,which includesthefollowingsteps:(1)theSettlement(definedabove);(2)thecompletionofasatisfactorytitleupdatetotheProperty followingtheSettlement;(3)theclosingattorney'sreceiptofauthorizationtodisburseallnecessaryfunds;and(4)recordationin theappropriatecountyregistryofthedeed(s)anddeed(s)oftrust,ifany,whichshalltakeplaceassoonasreasonablypossiblefor theclosingattorneyafterSettlement.UponClosing,theproceedsofsaleshallbedisbursedbytheclosingattorneyinaccordance withthesettlementstatementandtheprovisionsofChapter45AoftheNorthCarolinaGeneralStatutes.Ifthetitleupdateshould revealunexpectedliens,encumbrancesorothertitledefects,oriftheclosingattorneyisnotauthorizedtodisburseallnecessary funds,thentheClosingshallbesuspendedandtheSettlementdeemeddelayedunderParagraph12(DelayinSettlement/Closing).

WARNING: TheNorthCarolinaStateBarhasdeterminedthattheperformanceofmostactsandservicesrequiredforaclosing constitutesthepracticeoflawandmustbeperformedonlybyanattorneylicensedtopracticelawinNorthCarolina.Statelaw prohibitsunlicensedindividualsorfirmsfromrenderinglegalservicesoradvice.Althoughnon-attorneysettlementagentsmay performlimitedservicesinconnectionwithaclosing,theymaynotperformalltheactsandservicesrequiredtocompleteaclosing. Aclosinginvolvessignificantlegalissuesthatshouldbehandledbyanattorney.Accordingly,itisthepositionoftheNorth CarolinaBarAssociationandtheNorthCarolinaAssociationofREALTORS®thatallbuyersshouldhireanattorneylicensedin NorthCarolinatoperformaclosing.

(n) "SpecialAssessments": AchargeagainstthePropertybyagovernmentalauthorityinadditiontoadvaloremtaxesandrecurring governmentalservicefeesleviedwithsuchtaxes,orbyanowners'associationinadditiontoanyregularassessment(dues),either ofwhichmaybealienagainsttheProperty.

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

2. FIXTURESANDEXCLUSIONS:

WARNING:THEPARTIESSHOULDNOTASSUMETHATANITEMWILLORWILLNOTBEINCLUDEDINTHE SALEBASEDONANORALORWRITTENSTATEMENTORUNDERSTANDINGTHATISNOTAPARTOFTHIS CONTRACT.BUYERANDSELLERSHOULDBESPECIFICWHENNEGOTIATINGWHATITEMSWILLBE INCLUDEDOREXCLUDEDFROMTHESALE.

(a) FixturesAreIncludedinPurchasePrice: ALLEXISTINGFIXTURESAREINCLUDEDINTHESALEASPARTOFTHE PURCHASEPRICE,FREEOFLIENS,UNLESSEXCLUDEDINSUBPARAGRAPHS(d)OR(e).

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(b) SpecifiedItems: BuyerandSelleragreethatthefollowingitems,ifpresentonthePropertyonthedateoftheoffer,shallbeincluded inthesaleaspartofthePurchasePricefreeofliens,unlessexcludedinsubparagraphs(d)or(e)below.ALLITEMSLISTEDBELOW INCLUDEBOTHTRADITIONALAND“SMART”VERSIONSANDANYEXCLUSIVELYDEDICATED,RELATED EQUIPMENTAND/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(permanently attachedorin-ground)

● Ceilingandwall-attachedfans;lightfixtures(including existingbulbs)

● Exerciseequipment/devicesthatareattached

● Fireplaceinsert;gaslogsorstarters;attachedfireplace screens;woodorcoalstoves

● Floorcoverings(attached)

● Garagedooropeners

● Generatorsthatarepermanentlywired

● Invisiblefencingwithpowersupply

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

● Mailboxes;mountedpackageandnewspaperreceptacles

● Mirrorsattachedtowalls,ceilings,cabinetsordoors;all bathroomwallmirrors

● Storageshed;utilitybuilding

● Swimmingpools;spas;hottubs(excludinginflatable pools,spas,andhottubs)

● Solarelectricandsolarwaterheatingsystems

● Sump-pumps,radonfansandcrawlspaceventilators;dehumidifiersthatarepermanentlywired

● Surface-mountingbracketsfortelevisionandspeakers; recess-mountedspeakers;mountedintercomsystem

● Thermostats

● Watersupplyequipment,includingfilters,conditioning andsoftenersystems;re-circulatingpumps;wellpumps andtanks

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

(c) Unpairing/deletingdatafromdevices: PriortoClosing,Sellershall“unpair”anydevicesthatwillconveyfromanypersonal propertydevices(hubs,intelligentvirtualassistants,mobiledevices,vehicles,etc.)withwhichtheyarepaired,deletepersonaldatafrom anydevicesthatwillconvey,andrestorealldevicestofactorydefaultsettingsunlessotherwiseagreed.Seller'sobligationsunderthis paragraph2(c)shallsurviveClosing.

NOTE:ANYFIXTUREOROTHERITEMDESCRIBEDINSUBPARAGRAPHS(a)AND(b)THATWILLNOTBEA PARTOFTHESALESHOULDBEIDENTIFIEDINSUBPARAGRAPHS(d)OR(e),ASAPPLICABLE.

(d) ItemsLeasedorNotOwned: AnyitemwhichisleasedornotownedbySeller,suchasantennas,satellitedishesandreceivers, appliances,andalarmandsecuritysystemsmustbeidentifiedhereandshallnotconvey: Inaddition,anyleasedfueltankidentifiedinparagraph7(d)shallnotconvey.

(e) OtherItemsThatDoNotConvey: Thefollowingitemsshallnotconvey (identifythoseitemstobeexcludedundersubparagraphs (a)and(b)): Sellermustrepairanydamagecausedbyremovalofanyitemsexcludedaboveinagoodandworkmanlikemanner.Sellerwillnotify Buyeruponcompletionofsuchrepair(s)andprovideBuyerwithdocumentationthereof,ifany.

NOTE: BuyerisadvisedtoconsiderattachingtheAdditionalProvisionsAddendum(Form2A11-T)ifBuyerhasaspecificrequestas tohowtherepairsshouldbecompleted.

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3. PERSONALPROPERTY: ThefollowingpersonalpropertypresentonthePropertyonthedateoftheoffershallbetransferredto Buyeratclosingatnovalue:

NOTE:ANYPERSONALPROPERTYTHATWILLBEAPARTOFTHESALESHOULDBEIDENTIFIEDINTHIS PARAGRAPH. BuyerisadvisedtoconsultwithBuyer'slendertoassurethatthePersonalPropertyitemslistedabovecanbe includedinthisContract.

4. BUYER'SDUEDILIGENCEPROCESS:

WARNING:BUYERISSTRONGLYENCOURAGEDTOCONDUCTDUEDILIGENCEDURINGTHEDUE DILIGENCEPERIOD. IfBuyerisnotsatisfiedwiththeresultsorprogressofBuyer'sDueDiligence,Buyershouldterminate thisContract,PRIORTOTHEEXPIRATIONOFTHEDUEDILIGENCEPERIOD,unlessBuyercanobtainawrittenextension fromSeller.SELLERISNOTOBLIGATEDTOGRANTANEXTENSION.AlthoughBuyermaycontinuetoinvestigatethe PropertyfollowingtheexpirationoftheDueDiligencePeriodasallowedunderparagraphs4and8(c)herein,Buyer'sfailureto deliveraTerminationNoticetoSellerpriortotheexpirationoftheDueDiligencePeriodwillconstituteawaiverbyBuyerofany righttoterminatethisContractbasedonanymatterrelatingtoBuyer'sDueDiligence.Providedhowever,followingtheDue DiligencePeriod,BuyermaystillexercisearighttoterminateifSellerfailstomateriallycomplywithanyofSeller'sobligations underParagraph8ofthisContractorforanyotherreasonpermittedunderthetermsofthisContractorNorthCarolinalaw.

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

NOTE: ThereisnoloanorappraisalcontingencyinthisOfferToPurchaseandContract.Therefore,Buyerisadvisedtoconsult withBuyer'slenderpriortosigningthisoffertoassurethattheDueDiligencePeriodallowssufficienttimefortheloanprocess andforBuyer'slendertoprovideBuyersufficientinformationtodecidewhethertoproceedwithorterminatethetransaction.

(b) PropertyInvestigation: BuyerorBuyer'sagentsorrepresentatives,atBuyer'sexpense,shallbeentitledtoconductalldesired tests,surveys,appraisals,investigations,examinationsandinspectionsofthePropertyasBuyerdeemsappropriate,includingbut NOTlimitedtothefollowing:

(i) Inspections: InspectionstodeterminetheconditionofanyimprovementsontheProperty,thepresenceofunusualdrainage conditionsorevidenceofexcessivemoistureadverselyaffectinganyimprovementsontheProperty,thepresenceofasbestosor existingenvironmentalcontamination,evidenceofwood-destroyinginsectsordamagetherefrom,andthepresenceandlevelof radongasontheProperty.

(ii) ReviewofDocuments: ReviewoftheDeclarationofRestrictiveCovenants,Bylaws,ArticlesofIncorporation,Rulesand Regulations,andothergoverningdocumentsofanyapplicableowners'associationand/orsubdivision.IfthePropertyissubject toregulationbyanowners'association,itisrecommendedthatBuyerreviewthecompletedResidentialPropertyandOwners' AssociationDisclosureStatementprovidedbySellerpriortosigningthisoffer.ItisalsorecommendedthattheBuyerdetermine iftheowners'associationoritsmanagementcompanychargesfeesforprovidinginformationrequiredbyBuyer'slenderor confirmingrestrictivecovenantcompliance.

(iii) Insurance: InvestigationoftheavailabilityandcostofinsurancefortheProperty.

(iv) Appraisals: AnappraisaloftheProperty.

(v) Survey: AsurveytodeterminewhetherthepropertyissuitableforBuyer'sintendeduseandthelocationofeasements, setbacks,propertyboundariesandotherissueswhichmayormaynotconstitutetitledefects.

(vi) Zoning,GovernmentalRegulation,andGovernmentalCompliance: Investigationofcurrentorproposedzoningorother governmentalregulationthatmayaffectBuyer'sintendeduseoftheProperty,adjacentlanduses,plannedorproposedroad construction,andschoolattendancezones;andinvestigationofwhetherthePropertyisinviolationofanylaw,ordinance, permit,orgovernmentregulationasoutlinedinparagraph8(h).

(vii) Flood/Wetland/WaterHazard: Investigationofpotentialfloodhazards,wetlands,orotherwaterorriparianissuesonthe Property;and/oranyrequirementtopurchasefloodinsuranceinordertoobtainaloan.

(viii) UtilitiesandAccess: Availability,quality,andobligationsformaintenanceofutilitiesincludingwater,sewer,electric, gas,communicationservices,stormwatermanagement,andmeansofaccesstothePropertyandamenities.

(ix) Streets/Roads: Investigationofthestatusofthestreet/roaduponwhichthePropertyfrontsaswellasanyotherstreet/road usedtoaccesstheProperty,including:(1)whetheranystreet(s)/road(s)arepublicorprivate,(2)whetheranystreet(s)/road(s) designatedaspublicareacceptedformaintenancebytheStateofNCoranymunicipality,or(3)ifprivateornotacceptedfor publicmaintenance,theconsequencesandresponsibilityformaintenanceandtheexistence,termsandfundingofany maintenanceagreements.

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(x) SpecialAssessments: InvestigationoftheexistenceofSpecialAssessmentsthatmaybeunderconsiderationbya governmentalauthorityoranowners'association.

(c) Sale/LeaseofExistingProperty: Asnotedinparagraph5(b),unlessotherwiseprovidedinanaddendum,thisContractisnot conditioneduponthesale/leaseorclosingofotherpropertyownedbyBuyer.Therefore,ifBuyermustsellorleaseotherrealproperty inordertoqualifyforanewloanortootherwisecompletethepurchaseoftheProperty,BuyershouldseektocloseonBuyer'sother propertypriortotheendoftheDueDiligencePeriodorbereasonablysatisfiedthatclosingonBuyer'sotherpropertywilltakeplace priortotheSettlementDateofthisContract.

(d)Repair/ImprovementNegotiations/Agreement:Buyeracknowledgesandunderstandsthefollowing:

● Unlessthepartiesagreeotherwise,THEPROPERTYISBEINGSOLDINITSCURRENTCONDITION.

● Sellermay,butisnotrequiredto,engageinnegotiationsforrepairs/improvementstotheProperty.

Buyerisadvisedtomakeanyrepair/improvementrequestsinsufficienttimetoallownegotiationstobeconcludedpriortothe expirationoftheDueDiligencePeriod.Anyagreementthatthepartiesmayreachwithrespecttorepairs/improvementsisanaddition tothisContractthatmustbeinwritingandsignedbythepartiesinaccordancewithParagraph19.

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

(e) Buyer'sObligationtoRepairDamage: Buyershall,atBuyer'sexpense,promptlyrepairanydamagetothePropertyresulting fromanyactivitiesofBuyerandBuyer'sagentsandcontractors,butBuyershallnotberesponsibleforanydamagecausedby acceptedpracticeseitherapprovedbytheN.C.HomeInspectorLicensureBoardorapplicabletoanyotherN.C.licensedprofessional performingreasonableappraisals,tests,surveys,examinationsandinspectionsoftheProperty.Thisrepairobligationshallsurvive anyterminationofthisContract.

(f) Indemnity: BuyerwillindemnifyandholdSellerharmlessfromallloss,damage,claims,suitsorcosts,whichshallariseoutof anycontract,agreement,orinjurytoanypersonorpropertyasaresultofanyactivitiesofBuyerandBuyer'sagentsandcontractors relatingtothePropertyexceptforanyloss,damage,claim,suitorcostarisingoutofpre-existingconditionsofthePropertyand/or outofSeller'snegligenceorwillfulactsoromissions.ThisindemnityshallsurvivethisContractandanyterminationhereof.

(g) Buyer'sRighttoTerminate: ProvidedthatBuyerhasdeliveredanyagreed-uponDueDiligenceFee,Buyershallhavetheright toterminatethisContractforanyreasonornoreason,bydeliveringtoSellerwrittennoticeoftermination(the“TerminationNotice”) duringtheDueDiligencePeriod(oranyagreed-uponwrittenextensionoftheDueDiligencePeriod), TIMEISOFTHEESSENCE. IfBuyertimelydeliverstheTerminationNotice,thisContractshallbeterminatedandtheEarnestMoneyDepositshallberefunded toBuyer.

(h) CLOSINGSHALLCONSTITUTEACCEPTANCEOFTHEPROPERTYINITSTHENEXISTINGCONDITION UNLESSPROVISIONISOTHERWISEMADEINWRITING.

5. BUYERREPRESENTATIONS:

(a) Fundstocompletepurchase:

(Checkifapplicable)Cash.BuyerintendstopaycashinordertopurchasethePropertyanddoesnotintendtoobtainaloanor fundsfromsourcesotherthanBuyer'sownassets.VerificationofcashavailableforSettlementisisnotattached.

NOTE: IfBuyerdoesnotintendtoobtainanewloan(s)and/orfundsfromsourcesotherthanBuyer'sownassets,Sellerisadvised, priortosigningthisoffer,toobtaindocumentationfromBuyerwhichdemonstratesthatBuyerwillbeabletocloseontheProperty withoutthenecessityofobtainingaloanorfundsfromsourcesotherthanBuyer'sownassets.

OR:

(Checkifapplicable)Loan(s)/OtherFunds:Buyerintendstoobtainaloan(s)and/orotherfundstopurchasethePropertyfrom thefollowingsources(checkallapplicablesources):

FirstMortgageLoan:

BuyerintendstoobtainafirstmortgageloanofthefollowingtypeinordertopurchasetheProperty:FHAVA(attach FHA/VAFinancingAddendum)ConventionalUSDAOthertype:

intheprincipalamountof plusanyfinancedVAFundingFeeorFHAMIP.

SecondMortgageLoan:

BuyerintendstoobtainasecondmortgageloanofthefollowingtypeinordertopurchasetheProperty:

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Otherfunds:

Buyerintendstoobtainfundsfromthefollowingothersource(s)inordertopurchasetheProperty:

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

MaterialchangeswithrespecttofundingthepurchaseofthePropertythataffectthetermsofthecontractarematerialfactsthatmust bedisclosed.

(b) OtherProperty:BuyerDOESDOESNOThavetosellorleaseotherrealpropertyinordertoqualifyforanewloanorto completethepurchase. (CompletethefollowingonlyifBuyerDOEShavetosellorleaseotherrealproperty:)

OtherPropertyAddress:

(Checkifapplicable)Buyer'sotherpropertyISundercontractasofthedateofthisoffer,andacopyofthecontracthaseither beenpreviouslyprovidedtoSelleroraccompaniesthisoffer. (Buyermaymarkoutanyconfidentialinformation,suchasthepurchase priceandthebuyer'sidentity,priortoprovidingacopyofthecontracttoSeller.) Failuretoprovideacopyofthecontractshallnot preventthisofferfrombecomingabindingcontract;however,SELLERISSTRONGLYENCOURAGEDTOOBTAINAND REVIEWTHECONTRACTONBUYER'SPROPERTYPRIORTOACCEPTINGTHISOFFER.

(Checkifapplicable)Buyer'sotherpropertyISNOTundercontractasofthedateofthisoffer.Buyer'sproperty(checkonly ONEofthefollowingoptions): islistedwithandactivelymarketedbyalicensedrealestatebroker. willbelistedwithandactivelymarketedbyalicensedrealestatebroker. Buyerisattemptingtosell/leasetheBuyer'sPropertywithouttheassistanceofalicensedrealestatebroker.

NOTE: ThisContractisNOTconditioneduponthesale/leaseorclosingofBuyer'sotherproperty.Ifthepartiesagreetomakethis Contractconditionedonasale/leaseorclosingofBuyer'sotherproperty,anappropriatecontingencyaddendumshouldbedrafted byaNorthCarolinarealestateattorneyandaddedtothisContract.

(c) PerformanceofBuyer'sFinancialObligations: TothebestofBuyer'sknowledge,therearenoothercircumstancesor conditionsexistingasofthedateofthisofferthatwouldprohibitBuyerfromperformingBuyer'sfinancialobligationsinaccordance withthisContract,exceptasmaybespecificallysetforthherein.

(d) ResidentialPropertyandOwners'AssociationDisclosureStatement (checkonlyone):

BuyerhasreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).

BuyerhasNOTreceivedasignedcopyoftheN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.

ExemptfromN.C.ResidentialPropertyandOwners'AssociationDisclosureStatementbecause(SEE GUIDELINES):

.

(e) MineralandOilandGasRightsMandatoryDisclosureStatement (checkonlyone):

BuyerhasreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriortomaking thisofferandacknowledgescompliancewithN.C.G.S.47E-5(ResidentialPropertyDisclosureAct).

BuyerhasNOTreceivedasignedcopyoftheN.C.MineralandOilandGasRightsMandatoryDisclosureStatementpriorto makingthisofferandshallhavetherighttoterminateorwithdrawthisContractwithoutpenalty(includingarefundofanyDue DiligenceFee)priortoWHICHEVEROFTHEFOLLOWINGEVENTSOCCURSFIRST:(1)theendofthethirdcalendarday followingreceiptoftheDisclosureStatement;(2)theendofthethirdcalendardayfollowingtheEffectiveDate;or(3)Settlement oroccupancybyBuyerinthecaseofasaleorexchange.

ExemptfromN.C.MineralandOilandGasRightsMandatoryDisclosureStatementbecause(SEEGUIDELINES):

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Buyer'sreceiptofaMineralandOilandGasRightsMandatoryDisclosureStatementdoesnotmodifyorlimittheobligationsof SellerunderParagraph8(g)ofthisContractandshallnotconstitutetheassumptionorapprovalbyBuyerofanyseveranceofmineral and/oroilandgasrights,exceptasmaybeassumedorspecificallyapprovedbyBuyerinwriting.

NOTE: ThepartiesareadvisedtoconsultwithaNCattorneypriortosigningthisContractifseveranceofmineraland/oroiland gasrightshasoccurred.

6. BUYEROBLIGATIONS:

(a) ResponsibilityforSpecialAssessments: BuyershalltaketitlesubjecttoallSpecialAssessmentsthatmaybeapprovedfollowing Settlement.

(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,tothepartiestothis transaction,theirrealestateagent(s)andBuyer'slender(s).

7. SELLERREPRESENTATIONS:

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

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

WARNING:IFALEAD-BASEDPAINTDISCLOSUREISREQUIREDBUTNOTGIVENTOBUYERPRIORTO SELLER'SACCEPTANCEOFTHISOFFER,BUYERMAYNOTBEOBLIGATEDTOPURCHASETHE PROPERTYUNDERTHISCONTRACTUNDERFEDERALLAW.

(c) Owners'Association(s)andDues: Sellerauthorizesanddirectsanyowners'association,anymanagementcompanyofthe owners'association,anyinsurancecompanyandanyattorneywhohaspreviouslyrepresentedtheSellertoreleasetoBuyer,Buyer's agents,representative,closingattorneyorlendertrueandaccuratecopiesofthefollowingitemsaffectingtheProperty,including anyamendments:

● Seller'sstatementofaccount

● masterinsurancepolicyshowingthecoverageprovidedandthedeductibleamount

● DeclarationandRestrictiveCovenants

● RulesandRegulations

● ArticlesofIncorporation

● Bylawsoftheowners'association

● currentfinancialstatementandbudgetoftheowners'association

● parkingrestrictionsandinformation

● architecturalguidelines

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(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresidentofthe owners'associationortheassociationmanageris: .

Owners'associationwebsiteaddress,ifany:

SAMPLE

(specifynameofassociation): whoseregular assessments(“dues”)are$ per .Thename,addressandtelephonenumberofthepresident oftheowners'associationortheassociationmanageris:

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.

(e) Leases.ThePropertyisisnotsubjecttoanylease(s).IfthePropertyissubjecttoalease,BuyerandSellershouldinclude eithertheRental/Income/InvestmentPropertyprovisionintheAdditionalProvisionsAddendum(StandardForm2A11-T)orthe VacationRentalAddendum(Form2A13-T)withthisoffer.

8. SELLEROBLIGATIONS:

(a) EvidenceofTitle,PayoffStatement(s)andNonForeignStatus:

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

(ii)Sellershallprovidetotheclosingattorneyallinformationneededtoobtainawrittenpayoffstatementfromanylender(s) regardinganysecurityinterestinthePropertyassoonasreasonablypossibleaftertheEffectiveDate,andSellerdesignatesthe closingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller'sbehalfpayoffstatementsand/orshortpaystatementsfromanysuchlender(s).

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(iii)AssoonasreasonablypossibleaftertheEffectiveDate,Sellershallprovidetotheclosingattorneyallinformationneeded toobtainawrittenstatementofSeller'saccountfromanyowners'associationorHOAmanagementcompanyassociatedwith theProperty.SellerdesignatestheclosingattorneyasSeller'sagentwithexpressauthoritytorequestandobtainonSeller's behalfawrittenstatementofSeller'saccountastotheProperty.Uponrequestfromtheclosingattorney,Sellershall immediatelypayanyfeeschargedbytheowners'associationorHOAmanagementcompanyforsuchwrittenstatement.

(iv)IfSellerisnotaforeignpersonasdefinedbytheForeignInvestmentinRealPropertyTaxAct,Sellershallalsoprovideto theclosingattorneyanon-foreignstatuscertification(pursuanttotheForeignInvestmentinRealPropertyTaxAct).Inthe eventSellerdoesnotprovideanon-foreignstatuscertification,Selleracknowledgesthattheremaybewithholdingasprovided bytheInternalRevenueCode.

(b) AuthorizationtoDiscloseInformation: Sellerauthorizes:(i)anyattorneypresentlyorpreviouslyrepresentingSellertorelease anddiscloseanytitleinsurancepolicyinsuchattorney'sfiletoBuyerandbothBuyer'sandSeller'sagentsandattorneys;(ii)the Property'stitleinsureroritsagenttoreleaseanddiscloseallmaterialsintheProperty'stitleinsurer's(ortitleinsurer'sagent's)fileto BuyerandbothBuyer'sandSeller'sagentsandattorneysand(iii)theclosingattorneytoreleaseanddiscloseanyseller'sclosing disclosure,settlementstatementand/ordisbursementsummary,oranyinformationtherein,tothepartiestothistransaction,theirreal estateagent(s)andBuyer'slender(s).

(c) AccesstoProperty: SellershallprovidereasonableaccesstothePropertythroughtheearlierofClosingorpossessionbyBuyer, including,butnotlimitedto,allowingBuyerand/orBuyer'sagentsorrepresentatives,anopportunityto:(i)conductanyDue Diligence,investigations,orinspections;(ii)verifythesatisfactorycompletionofnegotiatedrepairs/improvements;and(iii)conduct afinalwalk-throughinspectionoftheProperty.Seller'sobligationincludesprovidingexistingutilitiesoperatingatSeller'scost, includinganyconnectionsandde-winterizing.

NOTE: SeeWARNINGinparagraph4aboveforlimitationonBuyer'srighttoterminatethisContractasaresultofBuyer's continuedinvestigationofthePropertyfollowingtheexpirationoftheDueDiligencePeriod.

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

(e) AffidavitandIndemnificationAgreement: SellershallfurnishatSettlementanaffidavit(s)andindemnificationagreement(s) informsatisfactorytoBuyerandBuyer'stitleinsurer,ifany,executedbySellerandanypersonorentitywhohasperformedor furnishedlabor,services,materialsorrentalequipmenttothePropertywithin120dayspriortothedateofSettlementandwhomay beentitledtoclaimalienagainstthePropertyasdescribedinN.C.G.S.§44A-8verifyingthateachsuchpersonorentityhasbeen paidinfullandagreeingtoindemnifyBuyer,Buyer'slender(s)andBuyer'stitleinsureragainstalllossfromanycauseorclaim arisingtherefrom.

(f) DesignationofLienAgent,PaymentandSatisfactionofLiens: IfrequiredbyN.C.G.S.§44A-11.1,Sellershallhavedesignated aLienAgent,andSellershalldelivertoBuyerassoonasreasonablypossibleacopyoftheappointmentofLienAgent.Alldeedsof trust,deferredadvaloremtaxes,liensandotherchargesagainsttheProperty,notassumedbyBuyer,mustbepaidandsatisfiedby SellerpriortooratSettlementsuchthatcancellationmaybepromptlyobtainedfollowingClosing.Sellershallremainobligatedto obtainanysuchcancellationsfollowingClosing.

(g) GoodTitle,LegalAccess: SellershallexecuteanddeliveraGENERALWARRANTYDEEDforthePropertyinrecordable formnolaterthanSettlement,whichshallconveyfeesimplemarketableandinsurabletitle,withoutexceptionformechanics'liens, lispendens,monetaryliensandjudgments,andfreeofotherencumbrancesordefectsthatwouldmateriallyaffectthevalueofthe Property,includingthosewhichwouldberevealedbyacurrentandaccuratesurveyoftheProperty,except:(1)advaloremtaxesfor thecurrentyear;(2)utilityeasementsandunviolatedcovenants,conditionsorrestrictions;and(3)suchotherliens,encumbrances ordefectsasmaybespecificallyapprovedbyBuyerinwriting.ThePropertymusthavelegalaccesstoapublicrightofway.

NOTE: Buyer'sfailuretoconductasurveyorexaminetitleoftheProperty,priortotheexpirationoftheDueDiligencePeriod doesnotrelievetheSelleroftheirobligationtodelivergoodtitleunderthisparagraph.

NOTE: IfanysaleofthePropertymaybea“shortsale,”considerationshouldbegiventoattachingaShortSaleAddendum (StandardForm2A14-T)asanaddendumtothisContract.

Page 10 of 17

(h) GovernmentalCompliance: ItisaconditionofthisContractthatthePropertybeconveyedfreeofanymaterialviolationof law,ordinance,permit,orgovernmentregulation(including,butnotlimitedto,thoserelatingtobuilding,stormwater,impervious surface,environmentalprotection,andzoning),unlessSellerhasspecificallydisclosedsuchviolation(s)priortotheEffectiveDate. IfBuyerestablishesthataviolationexistsaftertheEffectiveDateandpriortoClosing,thenBuyermustpromptlynotifySellerand Sellermaycuretheviolation(s).Unlessotherwiseagreed,ifSellerdoesnotcuretheviolation(s)priortoClosing,thenBuyermay choosetoaccepttheviolation(s)andproceedtoSettlement/ClosingorterminatethisContractandreceivearefundoftheEarnest MoneyDepositandtheDueDiligenceFee.

(i) Deed,TaxesandFees: SellershallpayforpreparationofadeedandallotherdocumentsnecessarytoperformSeller'sobligations underthisContract,andforstateandcountyexcisetaxes,andanydeferred,discountedorrollbacktaxes,andlocalconveyancefees requiredbylaw.Thedeedistobemadeto:(i)Buyer;(ii)acorporation,limitedliabilitycompany,orotherbusinessentityofwhich Buyeristhesoleownerorshareholder;(iii)atrustforwhichBuyeristhebeneficiary;(iv)anyrelativeofBuyer;and/or(v)Other: (InsertName(s)Only)

(j) AgreementtoPayBuyerExpenses: SellershallpayatSettlement$ towardanyofBuyer's expensesassociatedwiththepurchaseoftheProperty,atthediscretionofBuyerand/orlender,ifany,includinganyFHA/VAlender andinspectioncoststhatBuyerisnotpermittedtopay.

NOTE: PartiesshouldreviewtheFHA/VAAddendumpriortoenteringanamountinParagraph8(j).CertainFHA/VAlender andinspectioncostsCANNOTbepaidbyBuyeratSettlementandtheamountoftheseshouldbeincludedintheblankabove.

(k) Owners'AssociationFees/Charges: Sellershallpayanychargesbyanowners'associationoramanagementcompany/vendor asagentoftheassociationunderparagraph9(a)ofthisContract.

(l) PaymentofSpecialAssessments: Sellershallpay,infullatSettlement,allSpecialAssessmentsthatareapprovedpriorto Settlement,whetherpayableinalumpsumorfutureinstallments,providedthattheamountthereofcanbereasonablydeterminedor estimated.ThepaymentofsuchestimatedamountshallbethefinalpaymentbetweentheParties.

(m) LateListingPenalties: Allpropertytaxlatelistingpenalties,ifany,shallbepaidbySeller.

(n) NegotiatedRepairs/Improvements: Negotiatedrepairs/improvementsshallbemadeinagoodandworkmanlikemannerand BuyershallhavetherighttoverifysamepriortoSettlement.

(o) HomeWarranty (Selectoneofthefollowing): NohomewarrantyistobeprovidedbySeller.

Buyermayobtainaone-yearhomewarrantyatacostnottoexceed$ whichincludessalestaxandSeller agreestopayforitatSettlement.

Sellerhasobtainedandwillprovideaone-yearhomewarrantyfrom atacostof$ whichincludessalestaxandwillpayforitatSettlement.

NOTE: Homewarrantiestypicallyhavelimitationsonandconditionstocoverage.Referspecificquestionstothehome warrantycompany.

(p) Seller'sBreachofContract: Seeparagraph23forBuyer'sremediesintheeventofbreachofthisContract.

9. CHARGESBYOWNERS'ASSOCIATION: Responsibilityforpaymentofchargesbyanowners'associationoramanagement company/vendorasagentoftheassociationshallbeallocatedbetweenBuyerandSellerasfollows:

(a) Sellershallpay:

(i)feesincurredbySellerincompletingtheResidentialPropertyandOwners'AssociationDisclosureStatement,andresaleor othercertificatesrelatedtoaproposedsaleoftheProperty;

(ii)feesrequiredforconfirmingSeller'saccountpaymentinformationonowners'associationduesorassessmentsforpayment orproration,includinganyexpeditefeepermittedunderN.C.Gen.Stat.§47F-3-102thatischargedinconnectionwithproviding suchinformation;

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

(b) Buyershallpay:

(i)chargesforprovidinginformationrequiredbyBuyer'slender;

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Buyer'sinitials Seller'sinitials ©7/2024

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

10. PRORATIONSANDADJUSTMENTS:

Unlessotherwiseagreed,thefollowingitemsshallbeprorated,withSellerresponsible fortheproratedamountsofanytaxesandduesthroughthedateofSettlement,andSellerentitledtotheamountofproratedrentsthrough thedateofSettlement,andeitheradjustedbetweenthepartiesorpaidatSettlement:

(a) TaxesonRealProperty: Advaloremtaxesandrecurringgovernmentalservicefeesleviedwithsuchtaxesonrealpropertyshall beproratedonacalendaryearbasis;

(b) TaxesonPersonalProperty: AdvaloremtaxesonpersonalpropertyfortheentireyearshallbepaidbySellerunlessthepersonal propertyisconveyedtoBuyer,inwhichcase,thepersonalpropertytaxesshallbeproratedonacalendaryearbasis;

(c) Rents: Rents,ifany,fortheProperty;

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

11. CONDITIONOFPROPERTY/RISKOFLOSS:

(a) ConditionofPropertyatSettlement: IfthePropertyisnotinsubstantiallythesameorbetterconditionatClosingasonthe dateofthisoffer,reasonablewearandtearexcepted,BuyermayterminatethisContractbywrittennoticedeliveredtoSellerand theDueDiligenceFeeandEarnestMoneyDepositshallberefundedtoBuyer.IfthePropertyisnotinsuchconditionandBuyer doesNOTelecttoterminatethisContract,Buyershallbeentitledtoreceive,inadditiontotheProperty,theproceedsofany insuranceclaimfiledbySelleronaccountofanydamageordestructiontotheProperty.

(b) RiskofLoss: TheriskoflossordamagebyfireorothercasualtypriortoClosingshallbeuponSeller.Sellerisadvisednotto cancelexistinginsuranceonthePropertyuntilafterconfirmingrecordationofthedeed.

12. DELAYINSETTLEMENT/CLOSING: Thisparagraphshallapplyifonepartyisready,willingandabletocompleteSettlement ontheSettlementDate(“Non-DelayingParty”)butitisnotpossiblefortheotherpartytocompleteSettlementbytheSettlementDate (“DelayingParty”).Insuchevent,theDelayingPartyshallbeentitledtoadelayinSettlementandshallgiveasmuchnoticeaspossible totheNon-DelayingPartyandclosingattorney.IftheDelayingPartyfailstocompleteSettlementandClosingwithinseven(7)daysof theSettlementDate(includinganyamendedSettlementDateagreedtoinwritingbytheparties),thentheDelayingPartyshallbein breachandtheNon-DelayingPartymayterminatethisContractandshallbeentitledtoenforceanyremediesavailabletosuchparty underthisContractforthebreach.

13. POSSESSION: Possession,includingallmeansofaccesstothePropertyandtransferableamenitiesandservices(keysincluding mailboxkeys,codesincludingsecuritycodes,garagedooropeners,electronicdevices,etc.),shallbedelivereduponClosingasdefined inParagraph1(m)unlessotherwiseprovidedbelow:

ABuyerPossessionBeforeClosingAgreementisattached(StandardForm2A7-T)

ASellerPossessionAfterClosingAgreementisattached(StandardForm2A8-T)

Possessionissubjecttorightsoftenant(s)(PartiesshouldattacheitherAdditionalProvisionsAddendum(Form2A11-T)or VacationRentalAddendum(Form2A13-T))

14. ADDENDA: CHECKALLSTANDARDADDENDATHATMAYBEAPARTOFTHISCONTRACT,IFANY,ANDATTACH HERETO.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,REALESTATEBROKERSARENOTPERMITTEDTODRAFTADDENDA TOTHISCONTRACT.

15. ASSIGNMENTS: ThisContractmaynotbeassignedwithoutthewrittenconsentofallpartiesexceptinconnectionwithataxdeferredexchange,butifassignedbyagreement,thenthisContractshallbebindingontheassigneeandassignee'sheirsandsuccessors.

16. TAX-DEFERREDEXCHANGE: IntheeventBuyerorSellerdesirestoeffectatax-deferredexchangeinconnectionwiththe conveyanceoftheProperty,BuyerandSelleragreetocooperateineffectingsuchexchange;provided,however,thattheexchanging

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Buyer'sinitials Seller'sinitials ©7/2024

partyshallberesponsibleforalladditionalcostsassociatedwithsuchexchange,andprovidedfurther,thatanon-exchangingpartyshall notassumeanyadditionalliabilitywithrespecttosuchtax-deferredexchange.BuyerandSellershallexecutesuchadditionaldocuments, includingassignmentofthisContractinconnectiontherewith,atnocosttothenon-exchangingparty,asshallberequiredtogiveeffect tothisprovision.

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

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

19. ENTIREAGREEMENT/RECORDATION: ThisContractcontainstheentireagreementofthepartiesandthereareno representations,inducementsorotherprovisionsotherthanthoseexpressedherein.Allchanges,additionsordeletionsheretomustbe inwritingandsignedbyallparties.NothingcontainedhereinshallalteranyagreementbetweenaREALTOR®orbrokerandSelleror Buyerascontainedinanylistingagreement,buyeragencyagreement,oranyotheragencyagreementbetweenthem.ThisAgreement oranymemorandumthereofshallnotberecordedwithouttheexpresswrittenconsentofBuyerandSeller.

20. CONDUCTOFTRANSACTION: Thepartiesagreethatanyactionbetweenthemrelatingtothetransactioncontemplatedbythis Contractmaybeconductedbyelectronicmeans,includingthesigningofthisContractbyoneormoreofthemandanynoticeor communicationgiveninconnectionwiththisContract.Anywrittennoticeorcommunicationmaybetransmittedtoanymailingaddress, e-mailaddressorfaxnumbersetforthinthe“NoticeInformation”sectionbelow.Anynoticeorcommunicationtobegiventoaparty herein,andanyfee,depositorotherpaymenttobedeliveredtoapartyherein,maybegiventothepartyortosuchparty'sagent. Deliveryofanynoticetoapartyviameansofelectronictransmissionshallbedeemedcompleteatsuchtimeasthesenderperformsthe finalacttosendsuchtransmission,inaformcapableofbeingprocessedbythereceivingparty'ssystem,toanyelectronicaddress providedforsuchpartyinthe“NoticeInformation”sectionbelow.SellerandBuyeragreethatthe“NoticeInformation”and “AcknowledgmentofReceiptofMonies”sectionsbelowshallnotconstituteamaterialpartofthisContract,andthattheadditionor modificationofanyinformationthereinshallnotconstitutearejectionofanofferorthecreationofacounteroffer.

21. EXECUTION: ThisContractmaybesignedinmultipleoriginalsorcounterparts,allofwhichtogetherconstituteoneandthesame instrument.

22. COMPUTATIONOFDAYS/TIMEOFDAY: Unlessotherwiseprovided,forpurposesofthisContract,theterm"days"shall meanconsecutivecalendardays,includingSaturdays,Sundays,andholidays,whetherfederal,state,localorreligious.Forthepurposes ofcalculatingdays,thecountof"days"shallbeginonthedayfollowingthedayuponwhichanyactornoticeasprovidedinthisContract wasrequiredtobeperformedormade.Anyreferencetoadateortimeofdayshallrefertothedateand/ortimeofdayintheStateof NorthCarolina.

23. REMEDIES:

SAMPLE

(a) BreachbyBuyer: IntheeventofmaterialbreachofthisContractbyBuyer,SellershallbeentitledtoanyEarnestMoneyDeposit. ThepaymentofanyEarnestMoneyDepositandanyDueDiligenceFeetoSeller(withoutregardtotheirrespectiveamounts, includingzero)togethershallserveasliquidateddamages(“LiquidatedDamages”)andasSeller'ssoleandexclusiveremedyfor suchbreach,providedthatsuchLiquidatedDamagesshallnotlimitSeller'srightsunderParagraphs4(e)and4(f)fordamagetothe PropertyaswellasSeller'srightsunderparagraph1(d)fordishonoredfunds.Itisacknowledgedbythepartiesthattheamountof theLiquidatedDamagesiscompensatoryandnotpunitive,suchamountbeingareasonableestimationoftheactuallossthatSeller wouldincurasaresultofabreachofthisContractbyBuyer.ThepaymenttoSelleroftheLiquidatedDamagesshallnotconstitute apenaltyorforfeiturebutactualcompensationforSeller'santicipatedloss,bothpartiesacknowledgingthedifficultyofdetermining Seller'sactualdamagesforsuchbreach.

(b) BreachbySeller: IntheeventofmaterialbreachofthisContractbySeller,Buyermay(i)electtoterminatethisContractasa resultofsuchbreach,andshallbeentitledtoreturnofboththeEarnestMoneyDepositandtheDueDiligenceFee,togetherwiththe reasonablecostsactuallyincurredbyBuyerinconnectionwithBuyer'sDueDiligence(“DueDiligenceCosts”),or(ii)electnotto terminateandinsteadtreatthisContractasremaininginfullforceandeffectandseektheremedyofspecificperformance.

(c) Attorneys'Fees: IflegalproceedingsarebroughtbyBuyerorSelleragainsttheothertocollecttheEarnestMoneyDeposit,Due DiligenceFee,orDueDiligenceCosts,thepartiesagreethatapartyshallbeentitledtorecoverreasonableattorneys'feestothe extentpermittedunderN.C.Gen.Stat.§6-21.2,andifapplicable,N.C.Gen.Stat.§6-21.3fordishonoredfunds.Theparties acknowledgeandagreethatthetermsofthisContractwithrespecttoentitlementtotheEarnestMoneyDeposit,DueDiligenceFee, orDueDiligenceCostseachconstitutean“evidenceofindebtedness”pursuanttoN.C.Gen.Stat.§6-21.2.

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Revised7/2024 Buyer'sinitials Seller'sinitials ©7/2024

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

THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.ANDTHENORTHCAROLINABARASSOCIATIONMAKE NOREPRESENTATIONASTOTHELEGALVALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANY SPECIFICTRANSACTION.IFYOUDONOTUNDERSTANDTHISFORMORFEELTHATITDOESNOTPROVIDEFOR YOURLEGALNEEDS,YOUSHOULDCONSULTANORTHCAROLINAREALESTATEATTORNEYBEFOREYOUSIGN IT.

ThisoffershallbecomeabindingcontractontheEffectiveDate.Unlessspecificallyprovidedotherwise,Buyer'sfailuretotimely deliveranyfee,depositorotherpaymentprovidedforhereinshallnotpreventthisofferfrombecomingabindingcontract, providedthatanysuchfailureshallgiveSellercertainrightstoterminatethecontractasdescribedhereinorasotherwise permittedbylaw.

Date: Buyer

Date:

Buyer

EntityBuyer:

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

By:

Name: PrintName

Title: Date:

TOBUYERS:BEFORESENDINGANYWIRE,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETO VERIFYTHEINSTRUCTIONS.IFYOURECEIVEWIRINGINSTRUCTIONSFORADIFFERENTBANK,BRANCH LOCATION,ACCOUNTNAMEORACCOUNTNUMBER,THEYSHOULDBEPRESUMEDFRAUDULENT.DONOT SENDANYFUNDSANDCONTACTTHECLOSINGATTORNEY'SOFFICEIMMEDIATELY.

TOSELLERS:IFYOURPROCEEDSWILLBEWIRED,ITISRECOMMENDEDTHATYOUPROVIDEWIRING INSTRUCTIONSATCLOSINGINWRITINGINTHEPRESENCEOFTHEATTORNEY.IFYOUAREUNABLETO ATTENDCLOSING,YOUMAYBEREQUIREDTOSENDANORIGINALNOTARIZEDDIRECTIVETOTHECLOSING ATTORNEY'SOFFICECONTAININGTHEWIRINGINSTRUCTIONS.THISMAYBESENTWITHTHEDEED,LIEN WAIVERANDTAXFORMSIFTHOSEDOCUMENTSAREBEINGPREPAREDFORYOUBYTHECLOSING ATTORNEY.ATAMINIMUM,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICETOPROVIDETHEWIRE INSTRUCTIONS.THEWIREINSTRUCTIONSSHOULDBEVERIFIEDOVERTHETELEPHONEVIAACALLTOYOU INITIATEDBYTHECLOSINGATTORNEY'SOFFICETOENSURETHATTHEYARENOTFROMAFRAUDULENT SOURCE.

WHETHERYOUAREABUYERORASELLER,YOUSHOULDCALLTHECLOSINGATTORNEY'SOFFICEATA NUMBERTHATISINDEPENDENTLYOBTAINED.TOENSURETHATYOURCONTACTISLEGITIMATE,YOU SHOULDNOTRELYONAPHONENUMBERINANEMAILFROMTHECLOSINGATTORNEY'SOFFICE,YOUR REALESTATEAGENTORANYONEELSE.

Buyer'sinitials Seller'sinitials

Page 15 of 17

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)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichListingAgentherebyacknowledges.

Date:Firm:

By: (Signature) (Printname)

SELLERACKNOWLEDGMENTOFRECEIPTOFDUEDILIGENCEFEE

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto SellerofaDueDiligenceFeeintheamountof$ ,receiptofwhichSellerherebyacknowledges.

Date:Seller: (Signature)

Date:Seller: (Signature)

ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOFINITIALEARNESTMONEYDEPOSIT

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepayment toEscrowAgentofanInitialEarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph1(f) oftheOffertoPurchaseandContractherebyacknowledgesreceiptoftheInitialEarnestMoneyDepositandagreestoholdanddisburse thesameinaccordancewiththetermsoftheOffertoPurchaseandContract.

Date:Firm: By: (Signature) (Printname)

ESCROWAGENTACKNOWLEDGMENTOFRECEIPTOF(ADDITIONAL)EARNESTMONEYDEPOSIT

Paragraph1(d)oftheOffertoPurchaseandContractbetweenBuyerandSellerforthesaleofthePropertyprovidesforthepaymentto EscrowAgentofan(Additional)EarnestMoneyDepositintheamountof$ .EscrowAgentasidentifiedinParagraph 1(f)oftheOffertoPurchaseandContractherebyacknowledgesreceiptofthe(Additional)EarnestMoneyDepositandagreestohold anddisbursethesameinaccordancewiththetermsoftheOffertoPurchaseandContract.

Date:Firm:

Time: AMPMBy: (Signature) (Printname)

Page 17 of 17

PROFESSIONALSERVICESDISCLOSUREANDELECTION

[SeeGuidelines(Form760G)forinstructionsoncompletingthisform]

PropertyAddress: ("Property")

BuyerorSeller: RealEstateFirm: ("Firm")

1.Thereareprofessionalservicesthattypicallyareperformedinconnectionwiththepurchaseandsaleofrealestate.BuyerorSeller understandsthatFirmcannotgiveadviceincertainmattersthatmayrelatetothepurchaseorsaleoftheProperty,includingbutnot limitedtomattersoflaw,taxation,financing,surveying,wood-destroyinginsectinfestation,structuralsoundnessorengineering.

REGARDINGEACHPROFESSIONALSERVICELISTEDBELOW,BUYERORSELLERSHOULDEITHERSELECTTHE SERVICEORELECTNOTTOHAVETHESERVICEPERFORMED.WITHRESPECTTOEACHSERVICESELECTED, INDICATEWHOWILLORDERTHESERVICEANDTHENAMEOFTHESERVICEPROVIDERSELECTEDBYBUYEROR SELLER.THISFORMSHOULDBEAMENDEDTOADDRESSADDITIONALPROFESSIONALSERVICESTHATARE CONSIDEREDAFTERITISFIRSTCOMPLETED. Service

Accountant/CPA/TaxAdvisor

Appraisal

Attorney(e.g.TitleExam/TitleIns./ SellerDocument-DeedPrep/Closing)

HomeWarranty Inspections:

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.

THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.MAKESNOREPRESENTATIONASTOTHELEGAL VALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMINANYSPECIFICTRANSACTION.

BuyerorSeller

Date:

BuyerorSeller

Date:

EntityBuyerorSeller:

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

By:

Name:

Title:

Date:

PropertyAddress:

Owner'sName(s):

NorthCarolinalawN.C.G.S.47ErequiresresidentialpropertyownerstocompletethisDisclosureStatementandprovideittothebuyer priortoanyoffertopurchase.Therearelimitedexemptionsforcompletingtheform,suchasnewhomeconstructionthathasnever beenoccupied.Ownersareadvisedtoseeklegaladviceiftheybelievetheyareentitledtooneofthelimitedexemptionscontainedin N.C.G.S.47E-2.

AnownerisrequiredtoprovidearesponsetoeveryquestionbyselectingYes(Y),No(N),NoRepresentation(NR),orNotApplicable (NA).AnownerisnotrequiredtodiscloseanyofthematerialfactsthathaveaNRoption,eveniftheyhaveknowledgeofthem. However,failuretodiscloselatent(hidden)defectsmayresultincivilliability.ThedisclosuresmadeinthisDisclosureStatementare thoseoftheowner(s),nottheowner'sbroker.

◦IfanownerselectsYorN,theownerisonlyobligatedtodiscloseinformationaboutwhichtheyhaveactualknowledge.Ifan ownerselectsYinresponsetoanyquestionaboutaproblem,theownermustprovideawrittenexplanationorattachareportfrom anattorney,engineer,contractor,pestcontroloperator,orotherexpertorpublicagencydescribingit.

◦IfanownerselectsN,theownerhasnoactualknowledgeofthetopicofthequestion,includinganyproblem.IftheownerselectsN andtheownerknowsthereisaproblemorthattheowner'sanswerisnotcorrect,theownermaybeliableformakinganintentional misstatement.

◦IfanownerselectsNR,itcouldmeanthattheowner(1)hasknowledgeofanissueandchoosesnottodiscloseit;or(2)simply doesnotknow.

◦IfanownerselectsNA,itmeansthepropertydoesnotcontainaparticularitemorfeature.

ForpurposesofcompletingthisDisclosureStatement: “Dwelling” meansanystructureintendedforhumanhabitation, “Property” meansanystructureintendedforhumanhabitationandthetractofland,and “NotApplicable” meanstheitemdoesnotapplytothe propertyorexistontheproperty.

OWNERS: TheownermustgiveacompletedandsignedDisclosureStatementtothebuyernolaterthanthetimethebuyermakes anoffertopurchaseproperty.Iftheownerdoesnot,thebuyercan,undercertainconditions,cancelanyresultingcontract.Anowner isresponsibleforcompletinganddeliveringtheDisclosureStatementtothebuyereveniftheownerisrepresentedinthesaleofthe propertybyalicensedrealestatebrokerandthebrokermustdiscloseanymaterialfactsaboutthepropertythatthebrokerknowsor reasonablyshouldknow,regardlessoftheowner'sresponse.

Theownershouldkeepacopysignedbythebuyerfortheirrecords.IfsomethinghappenstomaketheDisclosureStatementincorrector inaccurate(forexample,theroofbeginstoleak),theownermustpromptlygivethebuyeranupdatedDisclosureStatementorcorrectthe problem.Notethatsomeissues,evenifrepaired,suchasstructuralissuesandfiredamage,remainmaterialfactsandmustbe disclosed byabrokerevenafterrepairsaremade.

BUYERS: Theowner'sresponsescontainedinthisDisclosureStatementarenotawarrantyandshouldnotbeasubstituteforconducting acarefulandindependentevaluationoftheproperty. Buyersarestronglyencouragedto: ●CarefullyreviewtheentireDisclosureStatement.

●Obtaintheirowninspectionsfromalicensedhomeinspectorand/orotherprofessional.

DONOTassumethatananswerofNorNRisaguaranteeofnodefect.IfanownerselectsN,thatmeanstheownerhasnoactual knowledgeofanydefects.Itdoesnotmeanthatadefectdoesnotexist.IfanownerselectsNR,itcouldmeantheowner(1)has knowledgeofanissueandchoosesnottodiscloseit,or(2)simplydoesnotknow.

BROKERS: Alicensedrealestatebrokershallfurnishtheirseller-clientwithaDisclosureStatementforthesellertocompletein connectionwiththetransaction.AbrokershallobtainacompletedcopyoftheDisclosureStatementandprovideittotheirbuyer-clientto reviewandsign.Allbrokersshall(1)reviewthecompletedDisclosureStatementtoensurethesellerrespondedtoallquestions,(2)take reasonablestepstodisclosematerialfactsaboutthepropertythatthebrokerknowsorreasonablyshouldknowregardlessoftheowner's responsesorrepresentations,and(3)explaintothebuyerthatthisDisclosureStatementdoesnotreplaceaninspectionandencourage thebuyertoprotecttheirinterestsbyhavingthepropertyfullyexaminedtothebuyer'ssatisfaction.

● BrokersareNOTpermittedtocompletethisDisclosureStatementonbehalfoftheirseller-clients.

●BrokerswhoownthepropertymayselectNRinthisDisclosureStatementbutareobligatedtodisclosematerialfactstheyknowor reasonablyshouldknowabouttheproperty.

SAMPLE

BuyerInitials OwnerInitials

BuyerInitials OwnerInitials REV3/24 1

SECTIONA. STRUCTURE/FLOORS/WALLS/CEILING/WINDOW/ROOF

A1.Isthepropertycurrentlyowner-occupied? Dateowneracquiredtheproperty: Ifnotowner-occupied,howlonghasitbeensincetheowneroccupiedtheproperty?

A2.Inwhatyearwasthedwellingconstructed?

A3.Havetherebeenanystructuraladditionsorotherstructuralormechanicalchangestothe dwelling(s)?

A4.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial?(Checkallthatapply)

BrickVeneerVinyl Stone FiberCementSyntheticStuccoComposition/Hardboard Concrete Aluminum Wood Asbestos Other

A5.Inwhatyearwasthedwelling'sroofcoveringinstalled?

A6.Istherealeakageorotherproblemwiththedwelling'srooforrelatedexistingdamage?

A7.Istherewaterseepage,leakage,dampness,orstandingwaterinthedwelling'sbasement,crawl space,orslab?

A8.Isthereaninfestationpresentinthedwellingordamagefrompastinfestationsofwood destroyinginsectsororganismsthathasnotbeenrepaired?

A9.Isthereaproblem,malfunction,ordefectwiththedwelling's:

Foundation Windows AttachedGarage Slab Doors Fireplace/Chimney Patio Ceilings Interior/ExteriorWalls Floors Deck Other:

ExplanationsforquestionsinSectionA(identifythespecificquestionforeachexplanation):

SECTIONB. HVAC/ELECTRICAL

B1.Isthereaproblem,malfunction,ordefectwiththedwelling'selectricalsystem(outlets,wiring, panels,switches,fixtures,generator,etc.)?

B2.Isthereaproblem,malfunction,ordefectwiththedwelling'sheatingand/orairconditioning?

B3.Whatisthedwelling'sheatsource?(Checkallthatapply) Furnace[#ofunits]HeatPump[#ofunits]Baseboard[#ofbedroomswithunits] Other

B4.Whatisthedwelling'scoolingsource?(Checkallthatapply;indicatetheyearofeachsystem manufacture)

CentralForcedAir: Wall/WindowsUnit(s): Other

B5.Whatisthedwelling'sfuelsource?(Checkallthatapply)

Electricity NaturalGas Solar PropaneOil Other

ExplanationsforquestionsinSectionB(identifythespecificquestionforeachexplanation):

SECTIONC. PLUMBING/WATERSUPPLY/SEWER/SEPTIC

C1.Whatisthedwelling'swatersupplysource?(Checkallthatapply)

City/CountySharedwellCommunitySystemPrivatewellOther

Ifthedwelling'swatersupplysourceissuppliedbyaprivatewell,identifywhethertheprivatewell hasbeentestedfor:(Checkallthatapply).

Quality Pressure Quantity

Ifthedwelling'swatersourceissuppliedbyaprivatewell,whatwasthedateofthelastwater quality/quantitytest?

C2.Thedwelling'swaterpipesaremadeofwhattypeofmaterial?(Checkallthatapply)

Copper Galvanized Plastic PolybutyleneOther

C3.Whatisthedwelling'swaterheaterfuelsource?(Checkallthatapply;indicatetheyearofeach systemmanufacture) Gas: Electric: Solar: Other:

C4.Whatisthedwelling'ssewagedisposalsystem?(Checkallthatapply)

SeptictankwithpumpcommunitysystemSeptictank Dripsystem ConnectedtoCity/CountySystem City/Countysystemavailable Other Straightpipe(wastewaterdoesnotgointoasepticorothersewersystem)*Note:Useofthistypeof systemviolatesStateLaw.

Ifthedwellingisservicedbyasepticsystem,howmanybedroomsareallowedbythesepticsystem permit? NoRecordsAvailable Datethesepticsystemwaslastpumped:

C5.Isthereaproblem,malfunction,ordefectwiththedwelling's:

Septicsystem Plumbingsystem(pipes,fixtures,waterheater,etc.) Sewersystem Watersupply(waterquality,quantity,orpressure)

ExplanationsforquestionsinSectionC(identifythespecificquestionforeachexplanation): BuyerInitials

SECTIOND.

FIXTURES/APPLIANCES

D1.Isthedwellingequippedwithanelevatorsystem? Ifyes,whenwasitlastinspected? Dateoflastmaintenanceservice:

D2.Isthereaproblem,malfunction,ordefectwiththedwelling's:

YesNoNR

Atticfan,exhaust Irrigation Sump GarageDoor fan,ceilingfan systempumpsystem Elevatorsystem Pool/hottub Gas Security orcomponent/spa logs system Appliancestobe TVcablewiring Central Other conveyed orsatellitedishvacuum

ExplanationsforquestionsinSectionD(identifythespecificquestionforeachexplanation):

SECTIONE. FIXTURES/APPLIANCES

E1.Isthereaproblem,malfunction,ordefectwiththedrainage,grading,orsoilstabilityofthe property?

E2.Isthepropertyinviolationofanylocalzoningordinances,restrictivecovenants,orlocal land-userestrictions(includingsetbackrequirements?)

E3.Isthepropertyinviolationofanybuildingcodes(includingthefailuretoobtainrequired permitsforroomadditionsorotherchanges/improvements)?

E4.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywalls, encroachmentsfromoronadjacentproperty,orotherlanduserestrictions?

E5.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?

E6.Ifthereisaprivateroadorstreetadjoiningtheproperty,arethereanyowners'associationor maintenanceagreementsdealingwiththemaintenanceoftheroadorstreet?NA

ExplanationsforquestionsinSectionE(identifythespecificquestionforeachexplanation):

SECTIONF. FIXTURES/APPLIANCES

F1.Istherehazardousortoxicsubstance,material,orproduct(suchasasbestos,formaldehyde, radongas,methanegas,lead-basedpaint)thatexceedgovernmentsafetystandardslocatedonor whichotherwiseaffecttheproperty? BuyerInitials

YesNoNR

YesNoNR

F2.Isthereanenvironmentalmonitoringormitigationdeviceorsystemlocatedontheproperty?

F3.Istheredebris(whetherburiedorcovered),anundergroundstoragetank,oranenvironmentally hazardouscondition(suchascontaminatedsoilorwaterorotherenvironmentalcontamination) locatedonorwhichotherwiseaffecttheproperty?

F4.Isthereanynoise,odor,smoke,etc.,fromcommercial,industrial,ormilitarysourcesthat affectstheproperty?

F5.Isthepropertylocatedinafederalorotherdesignatedfloodhazardzone?

F6.Hasthepropertyexperienceddamageduetoflooding,waterseepage,orpooledwater attributabletoanaturaleventsuchasheavyrainfall,coastalstormsurge,tidalinundation,orriver overflow?

F7.Haveyoueverfiledaclaimforflooddamagetothepropertywithanyinsuranceprovider, includingtheNationalFloodInsuranceProgram?

F8.Isthereacurrentfloodinsurancepolicycoveringtheproperty?

F9.HaveyoureceivedassistancefromFEMA,U.S.SmallBusinessAdministration,oranyother federaldisasterfloodassistanceforflooddamagetotheproperty?

F10.IsthereafloodorFEMAelevationcertificatefortheproperty?

NOTE: Anexistingfloodinsurancepolicymaybeassignabletoabuyeratalesserpremiumthananewpolicy.Forpropertiesthat havereceiveddisasterassistance,therequirementtoobtainfloodinsurancepassesdowntoallfutureowners.Failuretoobtainflood insurancecanresultinanownerbeingineligibleforfutureassistance.

ExplanationsforquestionsinSectionF(identifythespecificquestionforeachexplanation):

SECTIONG.

MISCELLANEOUS

G1.Isthepropertysubjecttoanylawsuits,foreclosures,bankruptcy,judgments,taxliens,proposed assessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?

G2.Isthepropertysubjecttoaleaseorrentalagreement?

G3.Isthepropertysubjecttocovenants,conditions,orrestrictionsortogoverningdocuments separatefromanowners'associationthatimposevariousmandatorycovenants,conditions,andor restrictionsuponthelotorunit?

ExplanationsforquestioninSectionG(identifythespecificquestionforeachexplanation):

YesNoNR

SECTIONH.

OWNERS'ASSOCIATIONDISCLOSURE

Ifyouanswer'Yes'toquestionH1,youmustcompletetheremainingquestionsinSectionH.Ifyouanswered'No'or'No Representation'toquestionH1,youdonotneedtoanswertheremainingquestionsinSectionH.

H1.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnot limitedto,obligationstopayregularassessmentsorduesandspecialassessments?

If“yes,”pleaseprovidetheinformationrequestedbelowastoeachowners'associationtowhich thepropertyissubject[insertN/Aintoanyblankthatdoesnotapply]:

a.(specifyname)

whoseregularassessments(“dues”)are $ per .

Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:

b.(specifyname)

whoseregularassessments(“dues”)are $ per.

Thename,address,telephonenumber,andwebsiteofthepresidentoftheowners'associationorthe associationmanagerare:

c.Arethereanychangestodues,fees,orspecialassessmentwhichhavebeendulyapprovedandto whichthelotissubject?

If“yes,”statethenatureandamountofthedues,fees,orspecialassessmentstowhichtheproperty issubject:

H2.Isthereanyfeechargedbytheassociationorbytheassociation'smanagementcompanyin connectionwiththeconveyanceortransferofthelotorpropertytoanewowner?

If“yes,”statetheamountofthefees:

H3.Isthereanyunsatisfiedjudgmentagainst,pendinglawsuit,orexistingorallegedviolationofthe association'sgoverningdocumentsinvolvingtheproperty?

If“yes,”statethenatureofeachpendinglawsuit,unsatisfiedjudgment,orexistingoralleged violation:

H4.Isthereanyunsatisfiedjudgmentorpendinglawsuitsagainsttheassociation?

If“yes,”statethenatureofeachunsatisfiedjudgmentorpendinglawsuit:

ExplanationsforquestionsinSectionH(identifythespecificquestionforeachexplanation):

Owner(s)acknowledge(s)havingreviewedthisDisclosureStatementbeforesigningandthatallinformationistrueand correcttothebestoftheirknowledgeasofthedatesigned.

OwnerSignature: Date

OwnerSignature: Date

Buyers(s)acknowledge(s)receiptofacopyofthisDisclosureStatementandthattheyhaverevieweditbeforesigning.

BuyerSignature: Date

BuyerSignature: Date

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.

Buyer Agency Fee: This is compensation to our firm for services outlined in the Exclusive Buyer Agency Agreement.

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: 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 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 Buyer 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

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.

877-776-2427

Settling

855-243-8892

855-874-3147

855-243-8892

866-445-5880

Suppliers of water service, sewage, and solid waste removal vary with the counties and municipalities. For details about specific providers that serve your community, contact your municipal or county clerk.

Supporting our 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

ThankYou