THE LAND TRANSACTION: CONVEYANCING & TITLE ASSURANCE

THIS DEED made this 4th day of July, 2006, by and between BENJAMIN FRANKLIN, GRANTOR, and CP&L CORP., a North Carolina corporation, GRANTEE, whose address is: 1234 Power Blvd, Raleigh, NC (the designation Grantor and Grantee as used herein shall include said parties, their heirs, successors and assigns, and shall include singular, plural, masculine, feminine or neuter as required by context);
WITNESSETH:
WHEREAS, GRANTOR OWNS THE REAL PROPERTY HEREINAFTER DESCRIBED AND WISHES TO SELL THE SAME TO GRANTEE; AND
WHEREAS, Grantor desires to effect such sale by conveying said real property to Grantee.

NOW, THEREFORE, Grantor, for a valuable consideration paid by the Grantee, the receipt of which is hereby acknowledged, has granted and sold and by the presents does grant, bargain, sell and convey unto the Grantee in fee simple that certain lot or parcel of land situated in Wake County, North Carolina, which is more particularly described on Exhibit A attached hereto and incorporated herein by reference.
TO HAVE AND TO HOLD the aforesaid lot or parcel of land and all privileges and appurtenances thereto belonging to the Grantee in fee simple.

And the Grantor covenants with the Grantee, that Grantor is seized of the premises in fee simple, has the right to convey the same in fee simple, that title is marketable and free and clear of all encumbrances, and that Grantor will warrant and defend the title against the lawful claims of all persons whomsoever except for the exceptions hereinafter stated.

Title to the property hereinabove described is subject to the following exceptions:

All easements, rights of way, encumbrances and restrictions of record, and ad valorem taxes for the year 2006.

IN WITNESS WHEREOF, the Grantor has hereunto set the Grantor=s hand and seal, the day and year first above written. ______________________(SEAL)

Benjamin Franklin, Grantor

STATE OF NORTH CAROLINA

COUNTY OF WAKE

I, JOHN HANCOCK, a Notary Public of the County and State aforesaid, certify that BENJAMIN FRANKLIN personally appeared before me this day and acknowledged the execution of the foregoing instrument.

WITNESS my hand and official stamp or seal, this 4th day July, 2006.
_____________________________

JOHN HANCOCK

Notary Public

My Commission Expires:
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[NOTARY SEAL]