Extract to table

Buyer accepts this exception subject to the requirement that all real estate taxes, special assessments, and similar charges that are due and payable on or before the Closing Date shall be paid in full by Seller, and that all taxes and assessments for the current tax year shall be prorated between Seller and Buyer as of the Closing Date in accordance with Section 7

Nothing in this paragraph shall be construed as acceptance of the specific utility easement identified in Objection 3 of Section 2 below

Buyer expressly reserves the right to supplement this Title Objection Letter with additional objections arising from survey results, including but not limited to encroachments, setback violations, easement location discrepancies, flood zone issues, and access matters, and Buyer's acceptance of this standard exception at this time shall not constitute a waiver of any survey-based objections that Buyer may raise within the due diligence period

Objection: This Deed of Trust constitutes a monetary lien encumbering the fee simple title to the Property and must be released, reconveyed, and satisfied of record at or prior to the Closing

Requested Curative Action: Seller shall obtain from Piedmont Savings Bank, N

a written payoff statement reflecting the outstanding balance of the indebtedness secured by the Deed of Trust as of the anticipated Closing Date, together with per diem interest accrual figures, and shall deliver a copy of such payoff statement to Buyer's counsel and to Fidelitas Title & Escrow, Inc