Fill and Sign the To Convey Sell Assign Transfer and Set over Unto Purchaser the Following Property Situated in Form

Contract for Deed Page 1 of 12 CONTRACT FOR DEED THIS DAY this agreement is entered into by and between ____________________________, hereinafter referred to as "SELLER", whether one or more, and ______________________________, hereinafter referred to as "PURCHASER", whether one or more, on the terms and conditions and for the purposes hereinafter set forth: 1. SALE OF PROPERTY For and in consideration of TEN DOLLARS ($10.00) and other good and valuable considerations the receipt and sufficiency of which is hereby acknowledged, Seller does hereby agree to convey, sell, assign, transfer and set over unto Purchaser, the following property situated in ___________________ County, State of North Carolina, said property being described as follows: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: Together with all rights of ownership associated with the property, including, but not limited to, all easements and rights benefiting the premises, whether or not such easements and rights are of record, and all tenements, hereditaments, improvements and appurtenances, including all lighting fixtures, plumbing fixtures, shades, venetian blinds, curtain rods, storm windows, storm doors, screens, awnings, if any, and ____________________________________________now on the premises. SUBJECT TO all recorded easements, rights-of-way, conditions, encumbrances and limitations and to all applicable building and use restrictions, zoning laws and ordinances, if any, affecting the
Property for the purposes hereinafter set forth, and subject to the preceding provisions of this document and the laws of the state of North Carolina, the premises are being sold and conveyed by auction to a purchaser at public auction on or after june 1, 2010. The price which shall be paid for such property shall be equal to the fair market value as set forth in writing in the agreement of sale, which price shall be equal to the minimum amount of money reasonably necessary to cover the expenses necessary for the execution of the transaction, which amount shall be paid by the purchaser of said property on the sixth day of july 2010, and shall be paid by the purchaser of such property within thirty days after receipt of such payment to the seller, and the purchase price shall be refundable at any time up to the thirty-day period. 2. The title to the property to be sold, as hereinafter set forth, shall become vested in seller with all rights, titles and interests hereinafter described and appurtenant thereto, and the title and interest in and to the property shall vest in purchaser as seller and to purchaser as seller. 3. It is agreed that buyer shall be deemed and is hereby deemed to have been duly authorized to purchase the property described in the agreement and is further deemed to have been duly authorized to negotiate the sale and sale to buyers to be completed pursuant to the agreement. 4. Except as otherwise set out herein it is understood that the purchase of one (1) lot constitutes the entire agreement upon which purchaser is to be deemed to have made a true and valid offer to purchase all the property described herein within the meaning and intended use of this statement of offer. 5. After the sale in accordance with this agreement is completed as set forth in the previous sentence, purchaser will deliver to seller a copy of the sale agreement and all items to which the purchase of one (1) lot shall have appurtenant, and that item will be deemed to be delivered as part of the purchase price, but if purchaser chooses to hold the item until delivery to seller, that item will not be deemed delivered, unless seller shall fail to deliver said item within thirty (30) days from the date thereof, provided, at any time prior to, on or after this date, if any, the following conditions are met: (i) the auctioneer may delay the shipment of any item, or any portion thereof, subject to the approval of a duly authorized agent of the seller. (ii) the auctioneer shall give prompt notice