OWNERS' ASSOCIATION DISCLOSURE AND …

1 OWNERS' ASSOCIATION DISCLOSURE AND addendum (Ifthe Propertyis part of a Development that is a condominium, this form should be used for resale only)PropertyAddress:For the purposes of this addendum , "Development" means anyplanned communityor condominium project, as defined byNorth Carolinalaw, which is subject to regulation and assessment byan owners' ASSOCIATION . Anyrepresentations made bySeller in this addendum are true to the best ofSeller's knowledge, and copies of anydocuments provided bySeller are true copies relating to the Development, to the best of Seller's knowledge. Except with regard to Confirmed Special Assessments,Seller does not warrant the accuracy, completeness, or present applicabilityof anyrepresentation or documents provided bySeller, andBuyer is advised to have all information confirmed and anydocuments substantiated during the Due Diligence Period. represents to Buyer that the Propertyis subject to the following owners' ASSOCIATION (s) [insert N/A into anyblank that does notapply]:(specifyname):whose regular assessments("dues") are $per.

2 Thename, address and telephone number of the president of theowners' ASSOCIATION or the ASSOCIATION manager are:.Owners' ASSOCIATION website address, if any:.(specifyname):whose regular assessments("dues") are $per. The name, address and telephone number of the president of theowners' ASSOCIATION or the ASSOCIATION manager are:.Owners' ASSOCIATION website address, if any:. represents to Buyer that the following services and amenitiesare paid for bythe above owners' ASSOCIATION (s) from the regularassessments ("dues"): (Check all that apply)Master Insurance PolicyIncluding All UnitsStreet LightsReal PropertyTaxes on the Common AreasWaterCasualty/LiabilityInsurance on Common AreasSewerManagement FeesPrivate Road MaintenanceExterior Building MaintenanceParking Area MaintenanceExterior Yard/Landscaping MaintenanceCommon Areas MaintenanceTrash RemovalCableRecreational AmenityMaintenanceInternet servicePest Treatment/ExterminationStormwater Management/Drainage/PondsLegal/Accountin gGate and/or SecurityOther (specify)Other (specify)

3 Of this date, there are no other dues, fees or Special Assessments, Confirmed or Proposed, payable bythe Development's propertyowners, of this date, there are no unsatisfied judgments against or pending lawsuits involving the Property, the Development and/or theowners' ASSOCIATION , fees charged bythe owners' ASSOCIATION or management companyin connection with the transfer of Propertyto a new owner (including but not limited to document preparation, move in/move out fees, preparation of insurance documents, statement of unpaidassessments,and transfer fees) are as follows:This form jointly approved by: North Carolina Bar ASSOCIATION , North Carolina ASSOCIATION of REALTORS , BY: steve toop, brokerSTANDARD FORM 2A12-T Revised 11/2010 1/2011 RealFA$T Software, 2011, Version Software Registered to: Office Manager, United Brokers LTDPage 1 of 2 Buyer(s) _____Seller(s) agrees, upon Buyer's request, to use best efforts to deliver to Buyer as soon as reasonablypossible after the Effective Date, atSeller's expense, copies of anydocuments relating to the Development in possession of or reasonablyavailable to Seller, including but notlimited to.

4 The face cover sheet from the Development's master insurance policyshowing the total coverage amount and the deductibleamount, the recorded Declaration and Restrictive Covenants of the Development the Rules and Regulations of the Development the Articles of Incorporation Bylaws of the owners' ASSOCIATION Rules and Regulations of the owners' ASSOCIATION the current Financial Statement and budget of the owners' ASSOCIATION anyparking information for the Development Architectural GuidelinesThe parties have read, understand and accept the terms of this addendum asa part of the THE EVENT OF A CONFLICT BETWEEN THIS addendum AND THE OFFER TO PURCHASE AND CONTRACT, THISADDENDUM SHALL NORTH CAROLINA ASSOCIATION OF REALTORS , INC. AND THE NORTH CAROLINA BAR ASSOCIATION MAKE NOREPRESENTATION AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION OF THIS FORM IN ANY SPECIFICTRANSACTION. IF YOU DO NOT UNDERSTAND THIS FORM OR FEEL THAT IT DOES NOT PROVIDE FOR YOUR LEGALNEEDS, YOU SHOULD CONSULT A NORTH CAROLINA REAL ESTATE ATTORNEY BEFORE YOU SIGN IT.

5 BUYERDATE(SEAL) SELLERDATE(SEAL)This form jointly approved by: North Carolina Bar ASSOCIATION , North Carolina ASSOCIATION of REALTORS , BY: steve toop, brokerSTANDARD FORM 2A12-T Revised 11/2010 1/2011 RealFA$T Software, 2011, Version Software Registered to: Office Manager, United Brokers LTDPage 2 of 2