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Home My WebLink About2016-723-E County Mgr - Kennon Craver title workRevised 1/16 1 [Departmental Use Only] TITLEKennon Craver PLLC FY2015-16 ORANGE COUNTY CONTRACT UNDER$15,000.00 NORTH CAROLINA THIS AGREEMENT, made and entered into this 14day of March, 2016, (“Effective Date”) by and between Orange County, North Carolina, a political subdivisionof the State of North Carolina, (the "County"), party of the first part; and Kennon Craver, PLLC(the "Provider"), party of the second part; W I T N E S S E T H: For the purpose and subject to the terms and conditions hereinafter set forth, the County hereby contracts for the services of the Provider, and the Provider agrees to provide the following services to the County in accordance with the terms of this Agreement, time being of the essence: The services and/or materials (hereinafter referred to collectively as “Services”) to be furnished under this Agreement are as follows: See Exhibit A, which is hereby incorporated into the Agreement as is set out herein. The term of this agreement rendered shall be from March 14, 2016to July 13, 2016. Provider represents and agrees that Provider is qualified to perform and fully capable of performing and providing the services required or necessary under this Agreement in a fully competent, professional and timely manner to the satisfaction of the County. Provider shall be responsible for all errors or omissions, in the performance of the Agreement. Provider shall correct any and all errors, omissions, discrepancies, ambiguities, mistakes or conflicts at no additional cost to the County.Provider agrees that Provider shall not sub-contract any of the services to be provided in this Agreement, nor shall Provider assign any right or responsibility granted or required by this Agreement, without the prior written approval of the County. SPECIFIC TERMS 1.Payment: TheCounty agrees to pay at the rates specified for Services satisfactorily performed in accord with this Agreement. The amount to be paid by the County shall not exceed Twelve Thousand Dollars, ($12,000). Payment shall be made within thirty (30) days of an invoice properly submitted to County. Should Provider fail to perform its duties under the terms of this Agreement, County may, without fault or penalty, withhold any payment associated with the work to be performed until such time as said work is completed. 2.Non–waiver:Failure by County at any time to require the performance by Provider of any of the provisions hereof shall in no way waive or affect the County's right hereunder to enforce the same, nor shall any waiver by the County of any breach be held to be a waiver of any succeeding breach or a waiver of this Non-Waiver Clause. 3.Independent Contractor: The Provider shall operate as an independent contractorand the County shall not be responsible for any of the Provider’s acts or omissions. The Provider shall not be treated as an employee with respect tothe Services performed hereunder for federal or state tax, unemployment or workers' compensation purposes. The Provider understands that neither federal, nor state, nor payroll tax of any kind shall be withheld or paid by the County on behalf of the Provider or the employees of the Provider. 4.Insurance:Provider shall obtain, at its sole expense, Commercial General Liability Insurance, Automobile Insurance, Workers’ Compensation Insurance, and any additional insurance as may be required by County’s Risk Manager as such insurance requirements are described in the Orange County Risk Transfer Policy and Orange County Minimum Insurance Coverage Requirements (each document is DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 Revised 1/16 2 incorporated herein by reference and may be viewed at http://www.orangecountync.gov/departments/purchasing_division/contracts.php). If County’s Risk Manager determines additional insurance coverage is required such additional insurance shall consist of (if no additional insurance required mark N/A as being not applicable). Provider shall not commence work until such insurance is in effect and certification thereof has been received by the County’s Risk Manager. 5.Indemnity: The Provider agrees to defend, indemnify, and hold harmless Orange County from all losses, liabilities, claims, demands, suits, costs, damages or expenses (including reasonable attorney's fees) arising from bodily injury, including death, to any person or persons or damage to or destruction of any property caused in whole or in part by any negligent or intentional act or omissionon the part of the Provider, its agents, or assigns directly or indirectly related to the Services to be performed pursuant to thisAgreementon the part of the Provider. 6.Termination: This Agreement may be terminated at any time by mutual written agreement of the parties or by the County upon written notice to the Provider.County may suspend this Agreement upon reasonable notice tothe Provider. 7.Entire Agreementand Signatures: The parties have read this Agreement and agree to be bound by all of its terms, and further agree that it constitutes the complete and exclusive statement of the Agreement between the parties unless and until modified in writing and signed by the parties. This Agreement together with any amendments or modifications may be executed electronically. All electronic signatures affixed hereto evidence the intent of the Parties to comply with Article 11A and Article 40 of North Carolina General Statute Chapter 66. 8.Priority:In determining the basic services to be provided, should any documents be referenced in or attached to this Agreement, the terms of this Agreementshall have priority in any conflict between the terms of referenced documents and the terms of this Agreement. 9.Governing Law: Both parties agree that this Agreement shall be governed by the laws of the State of North Carolina.Provider shall at all times remain in compliance with all applicable local, state, and federal laws, rules, and regulations including but not limited to all anti-discrimination laws.By executing this Agreement Provider affirms that Provider is and shall remain in compliance with Article 2 of Chapter 64 of the North Carolina General Statutes. 10.Dispute Resolution: Any and all suits or actions to enforce, interpret, or seek damages with respect to any provision of, or the performance or non-performance of, this Agreement shall be brought in the General Court of Justice of North Carolina sitting in Orange County, North Carolina. It is agreed by the parties that no other court shall have jurisdiction or venue with respect to such suits or actions. Binding arbitration may not be initiated by either Party, however, the Parties may agree to nonbinding mediation of any dispute prior to the bringing of such suit or action. 11.Non Appropriation: Provider acknowledges that County is a governmental entity, and the validity of this Agreement is based upon the availability of public funding under the authority of its statutory mandate. In the event that public funds are unavailable and not appropriated for the performance of County’s obligations under this Agreement, then this Agreement shall automatically expire without penalty to County immediately upon written notice to Provider of the unavailability and non-appropriation of public funds. [SIGNATURE PAGE TO FOLLOW] DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 Revised 1/16 3 IN WITNESS WHEREOF, County and the Provider have signed this Agreement, effective as of the day first written above. ORANGE COUNTYPROVIDER By: _________________________By: _________________________ County ManagerTitle: ________________________ 200 S. Cameron St.Kennon Carver, PLLC P.O. Box 81814011 University Drive, Suite 300 Hillsborough, NC 27278Post Office Box 51579 Durham, NC 27717-1579 DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 EXHIBIT A BASIC SERVICES Kennon Craver, PLLC proposes to perform the following legal services for Orange County; Title Search& Title Insurance Application Orange County is considering purchasing twelve (12) parcels of real property located in Hillsborough, Orange County, North Carolina. The properties are identified on the attached GIS map by location and PIN (collectively the "Properties"). Kennon Craver will perform a title search on the Properties. If a prior title insurance policy can be located, then we will conduct a limited title update search. The update search will begin on the date a prior owner's title insurance policy was issued (the "Beginning Search Period"). In certain limited circumstances, the update search may begin on the date a prior lender's title insurance policy was issued. We will notify you in writing before updating title from a prior lender's title insurance policy. We will not review title documents prior to the Beginning Search Period and we will not identify title defects that occur prior to that date. However, assuming title is insurable; the County's ownership interest in the Properties will be insured against earlier title defects via the title insurance policy we will procure on behalf of the County. If a prior title insurance policy is not located, then we will conduct a full search of no less than 30 years. We will provide the County with a preliminary title opinion on forms prescribed by Investors Title Insurance Company containing the results of the title search in advance of the closing. We will also procure a title insurance policy for the purchase price if requested and if title is insurable. The County will be responsible for the payment of the title insurance premium, if any. Matters of zoning, environmental hazards and other due diligence matters not specifically addressed on this Exhibit A are not included in our scope of services. Zoning laws affect a variety of development issues such as setbacks, lot sizes and use requirements to name a few. Environmental hazards include, but are not limited to, the existence of radon gas, ]cad-based paint, underground storage tanks and asbestos. We recommend the County undertake zoning compliance reviews and environmental studies of each of the Properties prior to purchasing the same. If requested, we will prepare legal descriptions of the Properties based on surveys commissioned by the County. While new surveys may not be required for title insurance purposes, we recommend the County obtain surveys of the Properties. Surveys will reveal title defects such as encroachments, legal description gaps and overlaps and access issues not otherwise discoverable by us during the title search. Preliminary title research on the Properties indicates one or more of the Properties are likely to have significant title defects. Our title search will report the nature and extent of the known title defects discoverable from a search of the public records. It is possible that the nature and extent of the defects could prevent the County from obtaining good, marketable and insurable title to one or more of the Properties. Please be aware that curing title defects is beyond the scope of our engagement. DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 Contract Preparation We understand the County will negotiate the terms of a potential purchase agreement for the Properties directly. We will not be involved in the negotiation or preparation of the purchase agreement. Closing Should the County move forward with the purchases following its due diligence, we will conduct a single closing for the purchase of the Properties. The closing can occur in our offices or another location that works better for the County. The County agrees to wire the closing funds into my trust account prior to the closing. We will make every effort to provide the County with a draft of the settlement statement no less than 24 hours prior to the closing date. Following the closing, we will update title and record the deed(s) in the office of the Orange County Register of Deeds and prepare a final title opinion and deliver the same to Investors Title for issuance of the title insurance policy, if any. Leg,al Fees & Expenses This engagement is specifically limited to: (1) performing the title searches outlined herein; (2) preparing the title opinions; (3) procuring title insurance, if available; (4) disusing any title issues discovered during the title search with the County; and (6) conducting the closing, if requested. Please be aware that additional work necessary to complete the closing, such as attempting to resolve significant title defects, may require work beyond the scope of this letter and in excess of the "not to exceed" amount listed below. In the event the County requires representation prior to closing or additional legal work not referenced in this letter becomes necessary(such as work associated with clearing any title defects), then I will perform such work at the County's specific request under an amendment to this agreement at our normal hourly rates. Our fees for performing the legal work outlined herein are as follows: (1) $85.00 dollars per hour for the services of my firm's real estate paralegal who will collect the necessary documents from the office of the Register of Deeds and otherwise assist me with this matter; and (2) $225.00 per hour for all work performed by Kennon Craver attorneys which represents a local government discount from Brian Ferrell's standard hourly rate of$265,00. We estimate the legal fees for each title search to be between $600-$1,000 excluding title insurance premiums. The fees due under this agreement will not exceed $12,000.00. We will begin work on this transaction as soon as I received an executed copy of the associated Services Agreement from the County. Please understand that we must charge for all work performed even if this transaction fails for any reason. DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3/10/2016 A lr 2 Orange County, NC GZS .'s "a 1 inch = 400 feet Search Results (12) rPINshape ESRI.ArcGIS.ADF,Web.Geometry.Polygon shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon 9865710836 PIN 9865810318STATUS ACTIVE �'7// /�}�/,cl PINSTATUS ACTIVENER_'IYPE OWNER-TYPE Page I of 6 DocuSign Envelope ID:E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3/1.0/2016 IOFLAG �IOFLAG OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNER1_LAST TRI CITY CONSTRUCTION LLC OWNERI FIRST OWNERI_FIRST OWNER2—LAST OWNER2_LAST OW NER2FIRST O W N ER2_FI RST ADDRESSI PO BOX 2626 ADDRESSI PO BOX 2626 ADDRESS2 ADDRESS2 CITY DURHAM CITY DURHAM STATE NC STATE NC ZIPCODE 27715 ZIPCODE 27715 TOWNSHIP 4 TOWNSHIP 4 SIZE 1 SIZE 1 UOM L UOM L CALC_ACRES 0.39 CALC_ACRES 0.46 SUBCODE SUBCODE 2185 LEGAL_DESC 40-42 LOZIE WATKINS P3/172 LEGAL_DESC 38-41 HOMEMONT RATECODE 23 RATECODE 23 SCHOOL_SYSTEM Orange County Schools SCHOOL.SYSTEM Orange County Schools LANDVALUE 19809 LANDVALUE 27000 BLDGVALUE 49505 I-BLDGVALUE 40200 BLDGCNT 1 BLDGCNT I VALUATION 69314 VALUATION 67200 TAXSTATUS A TAXSTATUS A FARMUSE FARMUSE USEVALUE 0 USEVALUE 0 DEEDREF 5718/161 DEEDREF 5718/161 LEGALREF LEGALREF DATESOLD 11/13/2013 12:00:00 AM DATESOLD 11/13/2013 12:00:00 AM TAXSTAMPS NaN TAXSTAMPS NaN STAMPVALUE NaN STAMPVALUE NaN 5UBDIVISION—NAME SUBDIVISION_NAME HOMEMONT TOWNSHIP_NAME HILLSBOROUGH TOWNSHIP_NAME HILLSBOROUGH SQFT 1008 SQFT 720 YEARBUILT 1984 YEARBUILT 1956 SHAPE.fid 12136764 SHAPE.fld 12140451 shape.area 16887.5680526082 shape.area 20020.9176756874 shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon shape - ESRI.ArcGIS.ADF.Web,Geometry.Polygon PIN 9865711863 s PIN 9865527195 PINSTATUS ACTIVE aJ4f.6- PINSTATUS ACTIVE A55 / E OWNER TYPE OWNER TYPE IOFLAG IOFLAG OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERl_FIRST OWNERI_FIRST OWNER2 LAST OWNER2_LAST OWNER2~FIRST OWNER2_FIRST ADDRESSI PO BOX 2626 ADDRESSI PO BOX 2626 ADDRESS2 ADDRESS2 CITY DURHAM CITY DURHAM STATE NC STATE NC ZIPCODE 27715 ZIPCODE 27715 TOWNSHIP 4 TOWNSHIP 4 SIZE 1 SIZE 1 UOM L UOM L CALC_ACRES 0.26 CALC_ACRES 0.28 SUBCODE SUBCODE 2111 LEGAL DESC 46-47 LOZIE WATKINS P3/172 LEGAL_DESC 3 JAMES FREELAND DAY ST Page 2 of 6 DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3/10/2016 RATECODE 23 RATECODE 23 SCHOOL—SYSTEM Orange County Schools SCHOOL—SYSTEM Orange County Schools LANDVALUE 17033 LANDVALUE 12636 BLDGVALUE 35086 BLDGVALUE 20739 BLDGCNT 1 1BLDGCNT 1 VALUATION 52119 VALUATION 33375 TAXSTATUS A TAXSTATUS A FARMUSE FARMUSE USEVALUE 0 USEVALUE 0 DEEDREF 5718/161 DEEDREF 5718/161 LEGALREF LEGALREF DATESOLD 11/13/2913 12:00:00 AM DATESOLD 11/13/2013 12:00:00 AM TAXSTAMPS NaN TAXSTAMPS NaN STAMPVALUE NaN STAMPVALUE NaN SUBDIVISION_NAME SUBDIVISION_NAME JAMES J FREELAND TOWNSHIP_NAME HILLSBOROUGH TOWNSHIP—NAME HILLSBOROUGH SQFT 624 SQFT 672 YEARBUILT 1984 YEARBUILT 1952 SHAPE.fid 12143913 SHAPE.fid 12143738 shape.area 11407.9157205904 shape area 11999,3524326573 shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon PIN 9865810636 /r� PIN 9865812663 PINSTATUS ACTIVE r r f I PINSTATUS ACTIVE OWNER—TYPE OWNER—TYPE IOFLAG 1 IOFLAG OWNERl LAST TRI CITY CONSTRUCTION LLC OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERI__FIRST OWNERI_FIRST OWNER2_LAST OWNER2_LAST OWNER2_FIRST OWNER2_FIRST ADDRESSI PO BOX 2626 ADDRESSI PO BOX 2626 ADDRESS2 ADDRESS2 CITY DURHAM CITY DURHAM STATE NC STATE NC ZIPCODE 27715 ZIPCODE 27715 TOWNSHIP 4 TOWNSHIP 4 SIZE I SIZE 1 UOM L UOM L CALC_ACRES 0.52 CALC_ACRES 0.28 SUBCODE 2185 SUBCODE 2185 LEGAL_DESC 29-33 PT 28 BL D HOMEMONT LEGAL_DESC 21 PT 20 &22 BL D HOMEMONT P4/126 RATECODE 23 RATECODE 23 SCHOOL—SYSTEM Orange County Schools SCHOOL—SYSTEM Orange County Schools LANDVALUE 32090 LANDVALUE 20978 BLDGVALUE 71086 BLDGVALUE 75136 BLDGCNT 1 BLDGCNT 1 VALUATION 103176 VALUATION 96114 TAXSTATUS A TAXSTATUS A FARMUSE FARMUSE USEVALUE 0 USEVALUE 0 DEEDREF 5718/161 DEEDREF 5718/161 LEGALREF LEGALREF DATESOLD 11/13/2013 12:00:00 AM DATESOLD 11/13/2013 12:00:00 AM TAXSTAMPS NaN TAXSTAMPS NaN STAMPVALUE NaN STAMPVALUE NaN SUBDIVISION_NAME HOMEMONT SUBDIVISION—NAME HOMEMONT TOWNSHIP NAME HILLSBOROUGH TOWNSHIP_NAME HILLSBOROUGH Page 3 of 6 DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3/10/2016 SQFT 1020 SQFT 988 YEARBUILT 2001 YEARBUILT 2001 SHAPE.fid 12137206 SHAPE.fid 12136806 shape.area 23153.357555775 shape.area 12005.557832638 shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon PIN 9865624199 PIN 9865812306 PINSTATUS ACTIVE v PINSTATUS ACTIVE OWNER—TYPE OWNER—TYPE IOFLAG IOFLAG OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNER1_FIRST OWNERI_FIRST OWNER2 LAST OWNER2_LAST OWNER2__FIRST OWNER2_FIRST ADDRESSI PO BOX 2626 ADDRESSI 2901 BERTLAND AVE ADDRESS2 ADDRESS2 APT 1722 CITY DURHAM CITY Durham STATE NC STATE NC ZIPCODE 27715 ZIPCO DE 27705 TOWNSHIP 4 TOWNSHIP 4 SIZE 1 SIZE 0.34 UOM L UOM A CALC_ACRES 0.25 CALC_ACRES 0.34 SUBCODE SUBCODE 2185 LEGAL_DESC LOZZIE WATKINS LEGAL_DESC 29-31 BL,C HOMEMONT P4/126 RATECODE 23 RATECODE 23 SCHOOL SYSTEM Orange County Schools SCHOOL—SYSTEM Orange County Schools LANDVALUE 14799 LANDVALUE 30049 BLDGVALUE 72719 BLDGVALUE 46905 BLDGCNT 1 BLDGCNT 1 VALUATION 87518 VALUATION 76954 TAXSTATUS A TAXSTATUS Al FARMUSE FARMUSE USEVALUE 0 USEVALUE D DEEDREF 5718/161 DEEDREF 5753/511 LEGALREF LEGALREF DATESOLD 11/13/2013 12:00:00 AM DATESOLD 2/12/2014 12:00:00 AM TAXSTAMPS NaN TAXSTAMPS NaN STAMPVALUE NaN STAMPVALUE NaN SUBDIVISION_NAME SUBDIVISION_NAME HOMEMONT TOWNSHIP NAME HILLSBOROUGH TOWNSHIP_NAME HILLSBOROUGH SQFT _ 1014 SQFT 720 YEARBUILT 2003 YEARBUILT 1952 SHAPE.fid 12136726 SHAPE.fid 12137244 shape.area 10790.9559325457 shape.area 14761.9612569776 shape ESRI.ArcGIS.ADF.Web,Geometry,Polyg,shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon PIN 9865618888 `� IPIN 9865619857 �� PINSTATUS ACTIVE /�ifti'irJ PINSTATUS ACTIVE OWNER—TYPE OWNER—TYPE IOFLAG IOFLAG OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERl FIRST OWNERI�FIRST O W N ER2—LAST O W N E R2_LAST OW NER2_FIRST OW N E R2_FI RST ADDRESSI PO BOX 2626 ADDRESSI PO BOX 2626 ADDRESS2 ADDRESS2 Page 4 of 6 DocuSign Envelope ID:E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3/10/2016 CITY DURHAM CITY DURHAM STATE NC STATE NC ZIPCODE 27715 ZIPCODE 27715 TOWNSHIP 4 iiTOWNSHIP 4 SIZE 1 SIZE 1 UOM L UOM L CALC_ACRES 0.41 i CALC_ACRES 0.4 SUBCODE ISUBCODE LEGAL_DESC 34-36 LOZIE WATKINS P3/172 LEGAL_DESC 37-39 LOZIE WATKINS P3/172 RATECODE 23 RATECODE 23 SCHOOL_SYSTEM Orange County Schools SCHOOL_SYSTEM Orange County Schools LANDVALUE 20251 LANDVALUE 20251 BLDGVALUE 50994 I BLDGVALUE 49505 BLDGCNT 1 BLDGCNT 1 VALUATION 71245 !'VALUATION 69756 TAXSTATUS A !TAXSTATUS A FARMUSE 'FARMUSE USEVALUE 0 �USEVALUE 0 DEEDREF 5718/161 DEEDREF S718/161 LEGALREF LEGALREF DATESOLD 11/13/2013 12:00:00 AM DATESOLD 11/13/2013 12:00:00 AM TAXSTAMPS NaN TAXSTAMPS NaN STAMPVALUE NaN STAMPVALUE NaN SUBDIVISION_NAME SUBDIVISION_NAME TOWNSHIP_NAME HILLSBOROUGH TOWNSHIP_NAME HILLSBOROUGH SQFT 1008 SQFT 1008 YEARBUILT 1984 YEARBUILT 1984 SHAPE.fid 12142483 SHAPE.fid 12142489 shape.area 17979.3805884011 shape.area 17486.3024649322 shape ESRI.ArcGIS.ADF.Web,Geometry.Polygon shape ESRI.ArcGIS.ADF.Web.Geometry.Polygon PIN 9865811664 J,, PIN 9865812433 PINSTATUS ACTIVE /Y! PINSTATUS ACTIVE OWNER—TYPE OWNER—TYPE IOFLAG IOFLAG OWNERI LAST TRI CITY CONSTRUCTION LLC OWNERI_LAST TRI CITY CONSTRUCTION LLC OWNERI FIRST OWNERI_FIRST OW N ER2_LAST OW N ER2_L.AST OWNER2_FIRST OWNER2_FIRST ADDRESSI PO BOX 2626 ADDRESSI PO BOX 2626 ADDRESS2 ADDRESS2 CITY DURHAM CITY DURHAM STATE NC STATE NC ZIPCODE 27715 ZIPCODE 27715 TOWNSHIP 4 TOWNSHIP 4 SIZE 1 SIZE 1 UOM L UOM L CALC_ACRES 0.28 CALC_ACRES 0.31 SUBCODE 2185 SUBCODE 2185 LEGAL_DESC 25 PT 24 &26 BL D HOMEMONT P4/126 LEGAL_DESC 46-S❑ BL B HOMEMONT RATECODE 23 RATECODE 23 SCHOOL_SYSTEM Orange County Schools SCHOOL_SYSTEM Orange County Schools LANDVALUE 20978 LANDVALUE 27266 BLDGVALUE 38967 BLDGVALUE 69091 BLDGCNT 1 BLDGCNT 1 VALUATION 59945 VALUATION 96357 TAXSTATUS A TAXSTATUS A Page 5 of 6 DocuSign Envelope ID:E6FC7E33-A4EC-41C3-8B93-87918EBF2937 3110/2016 FARMUSE FARMUSE USEVALUE 0 USEVALUE 0 DEEDREF 5718/161 DEEDREF 5718/161 LEGALREF LEGALREF DATESOLD 11/13/2013 12:00:00 AM DATESOLD 11/13/2013 12:00:00 AM TAXSTAMPS NaN iTAXSTAMPS NaN STAMPVALUE NaN iSTAMPVALUE NaN SUBDIVISION_NAME HOMEMONT SUBDIVISION_NAME HOMEMONT TOWNSHIP_NAME HILLSBOROUGH TOWNSHIP—NAME HILLSBOROUGH SQFF 780 SQFT 987 YEARBUILT 1952 IYEARBUILT 2001 SHAPE.fid 12137190 SHAPE.Rd 12140462 shape.area 11993.321350787 shape.area 13567.6777780024 Created on 3/10/2016.Orange County, North Carolinsa, Page 6 of 6 DocuSign Envelope ID: E6FC7E33-A4EC-4lC3-8B93-87918EBF2937 r- LIABILITY INSURANCE 5020 Weston Parkway, Suite 200 919.677.8900 TEL COMPANY OF Cary, North Carolina 27513 800.662.8843 rOLL FREE *` MUTUAL PostOffice Box 1929 919.677.9641 Fax NORTH CAROLINA Cary, North Carolina 2 75 1 2-1 929 www.lawyersmutualnc.com Declarations KENNON CRAVER, PLLC Location: PO BOX 51579 4011 UNIVERSITY DR STE 300 DURHAM, NC 27717-1579 DURHAM NC 27707 Policy Number. 0022032- 12 Policy Period: 05/01/2015 to 05/01/2016 12:01 A.M.Standard Time at the address of the Named Insured stated herein Retroactive Date: 05/01/2003 Limits of Liability: A. $ 5,000,000 A. Applicable to any individual claim or one or more related claims. All claims arising out of the same, related or continuing professional service. B. $ 5,000,000 B. Aggregate limit of the Company's liability for all damages and claims expenses Without regard to the number of Insureds, claims, demands, suits, pleadings or claimants. Deductible: C. $ 50,000 C. See Condition I, "Deductible and Limit of (including claims expenses) Liability," of the Policy. Premium: $ 31,220 Endorsement Attachments: 012 041 042 In witness whereof,Lawyers Mutual Liability Insurance Company of North Carolina has caused this policy to be signed by its President and Secretary and countersigned by a duly authorized agent of the Company. I Secretary s i Pre ident V Authorized Agent } s Lawyers Professional Liability Policy (This is a Claims-Made Policy. Defense costs are a part of the Policy Limits and reduce the amount available to pay losses. You should read your policy for a complete 4 understanding of its Terms,Conditions&Coverages), (10/05/2012) PolicyForm 22032 - 2015 4f DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 }s RS LIABILITY INSURANCE 5020 Weston Parkway, Suite 200 919.677.8900 TEr > Cary, North Carolina 27513 800.662.8843 TOLL FREE , 'I n COMPANY OF U T �t,.� Post Office Box 1323 919.677.9641 FAx NORTH CAROLINA Cary, North Carolina 27512-1929 wwwJawyersmutualnc.com Attorney Listing/ Prior Acts Limitation Endorsement This Endorsement, effective 12:01 A.M. on 05/01/2015 forms a part of Policy No. 0022032- 12(the "Policy") issued by LAWYERS MUTUAL LIABILITY INSURANCE COMPANY OF NORTH CAROLINA(the "Company")and applies to KENNON CRAVER, PLLC (the "Named Insured"). It is hereby understood and agreed that as to each attorney listed below as anlnsured under this Policy, this Policy shall not apply to such Insured's acts or omissions occurring, or series of related act(s) or omission(s) beginning, prior to the date listed individually for each Insured below ("Prior Acts Date'). All Policy provisions, terms, and conditions, except as provided otherwise in this endorsement, remain in full force and effect. Attorney Licensing State License Prior Acts Date (or Other) Number 1. WILLIAM ALBERT ANDERSON III NC 29085 10/02/2000 2. GWENDOLYN C BROOKS NC 26502 09/17/1999 3. JOEL M CRAIG NC 9179 02/01/1980 4. G RHODES CRAVER NC 10291 02/01/1982 5. JAMES ROBERT EASTHOM NC 23489 06/14/1998 6. BRIAN M FERRELL NC 27819 04/03/2002 7. WILLIAM T HUTCHINS JR NC 22129 06/01/1995 8. DEBORAH ANN McDERMOTT NC 47933 09/02/2014 9. KATHERINE L MCKEE NC 7161 02/01/1977 10. HENRY WILLIAM SAPPENFIELD NC 37419 12/03/2007 11, LEIGH PURYEAR VANCIL NC 27342 03/01/2007 E 1 i i I Authorized Agent i i END#: 012 (1 211 712 0 1 4) Page 1 of 1 AttyUstPALE 22032 - 2015 DocuSign Envelope ID: E6FC7E33-A4EC-41C3-8B93-87918EBF2937 fP, LIABILITY INSURANCE 5020 Weston Parkway,Suite 200 919.677.8900 TEL !l R Ca ry, North Carolina 27513 800.662.8843 Mort FREE COMPANY OF Via) ' Post Office Box 1929 919.677,9b41 FAx �✓ ��-+ NORTH CAROLINA Cary, !*forth Carolina 27512-1929 www.lawyersmutualnc.com Endorsement Amending Definition of "Insured" This Endorsement, effective 12:01 A.M. on 05/01/2015 forms a part of Policy No. 0022032- 12 (the "Policy")issued by LAWYERS MUTUAL LIABILITY INSURANCE COMPANY OF NORTH CAROLINA and applies only to KENNON CRAVER, PLLC (the "Insured"). It is understood and agreed that coverage under the Policy is extended as follows The DEFINITIONS section of the Policy, subparagraph (i) and its subparts, is amended to include as an"Insured": Any lawyer who was a partner, stockholder, member or employee with the Named Insured, but solely with respect to legal services rendered for the Named Insured. Al I other terms, provisions, conditions, exclusions, and endorsements of the Policy shall remain in effect. s Authorized Agent :t END #: 0.42 (01/14/2014) AmdDeflns 22032 - 2015