Offer to Purchase And Contract - North Carolina

event Buyer does NOT elect to terminate this contract, Bu yer shall be entitled to receive, in addition to the Property,
any of the Seller’s insurance proceeds payable on account of the damage or destruction applicable to the Property
being pu rchased.
19. ASSIGNMENTS: This contract may n ot be assigned without the written consent of all parties, but if assigned
by agreement, then this contract shall be binding on the assignee and his heirs and successors.
20. PARTIES: This contract shall be binding upon and shall inure to the benefit of the parties, i.e., Buyer and Seller
and their heirs, successors and assigns. As used herein, words in the singular include the plural and the masculine
includes the feminine and neuter genders, as appropriate.
21. SURVIVAL: If any provision herein contained which by its nature and effect is required to be observed, kept or
performed after the Clo s ing, it shall surviv e the Clo s ing and remain binding upon an d for the benefit of the parties
hereto until fully obs erved, kept or performed.
22. ENTIRE AGREEMENT: This contract contains the entire agreement of the parties and there are no
representation s, inducements or other provisions other than those expressed herein. All changes, additions or
deletions hereto must be in writing and signed by all parties. Nothing contained herein shall alter any agreement
between a REALTOR® or brok er and Seller or Buyer as contained in any listing agreement, buyer agency
agreement, or any other agency agreement between them.
23. NOTICE AN D EXECUTION: Any notice or communication to be given to a party herein may be given to the
party or to such party’s agen t. This offer shall become a binding contract (the “Effective Date”) when signed by both
Buyer and Seller and such signing is communicated to the offering party. This contract is executed under seal in
signed multip le originals, all of which tog e ther constitu te one and the same instrument, with a signed original being
retained by each party and each REALTO R® or broker hereto, and the parties adopt the word “SEAL” beside th eir
signatu res below.
Buyer acknowledges having made an on-site person al ex ami nation of the Property prior to the making of this
offer.
THE NORTH CAROLI NA ASSOCIATIO N OF REALTORS®, INC. AND THE NORTH CAROLINA BAR
ASSOCIATION MAKE NO REPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY
PROVISION OF THIS FORM IN ANY SPECIFIC TRANSACTION. IF YOU DO NOT UNDERSTAND THIS
FORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR LEGAL NEEDS, YOU SHOULD CONSULT A
NORTH CA ROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN IT.
Date: __ _________ _________ _________ _____ Date: __ _________ _________ _________ ___
Buyer _________________________________ (SEAL) Seller _______________________________ (SEAL)
Date: __ _________ _________ _________ _____ Date: __ _________ _________ _________ ___
Buyer _________________________________ (SEAL) Seller _______________________________ (SEAL)
Escrow Agent acknowledges receipt of the earnest money and agrees to hold and disburse the same in
Accordance with the terms hereof.
Date: __ _________ _________ _________ ______ Firm: ____________________ _________ _________ _______
By: ____________ _________ _________ _________ ________
(Signature)
Selli ng Agent/Firm/P hone_______ _ ________ _ __ _______ __ _ ________ _ ________ _ __ _______ __ _ ________ _ ____
Actin g as
Buyer’s Ag ent Seller’s (sub)Agent Dual Agent
Listing Agent/Firm/Phone________________________________________________________________________
Actin g as
Seller’s (sub)A gent Dual Agent
Page 5 of 5
STANDARD FORM 2-T
Buyer Initials ____ ____ Seller Initials ___ _ ____
Page 5/5
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