Transcription of 1982.031.

006 Doc-049
Transcribed with assistance from FromThePage.com users paigee028 & Tom York
AGREEMENT

By and between:
FLORENCE W. HARRISS, Widow,
J. WELCH HARRISS, Single,
DAVID L. STANTON and wife,
LUCILLE C. STANTON,
CLARA COLE MILLIS and husband
H. A. MILLIS, JR., VIRGINIA ROGERS
SHERROD, Widow and CLARA VIRGINIA
SHERROD, a minor, by its guardian
WACHOVIA BANK AND TRUST COMPANY

NORTH CAROLINA
GUILFORD COUNTY

AGREEMENT

THIS AGREEMENT Made this the 29th day of

October, 1951 by and between FLORENCE W. HARRISS,
Widow, party of the first part, J. WELCH HARRISS, Single, party
of the second part, DAVID L. STANTON and wife LUCILLE C. STANTON,
CLARA COLE MILLIS and her husband H. A. MILLIS, JR., VIRGINIA
ROGERS SHERROD, Widow, and CLARA VIRGINIA SHERROD, a minor, by its
guardian WACHOVIA BANK AND TRUST COMPANY, parties of the third part;

WITNESSETH:

That Florence W. Harriss owns a life estate in a

certain tract of land 26 x 125 feet, lying on the East side of North
Main Street in the City of High Point, North Carolina, known as
114-16 North Main Street, and J. Welch Harriss owns the remainder in
fee of said tract, which said tract of land is hereinafter referred
to as Tract #1; and

That J. Welch Harriss owns a tract of land 26 x 95

feet, lying on the West side of North Wrenn Street in the City of
High Point, North Carolina, known and numbered as #113 North Wrenn
Street, which said tract adjoins and lies immediately in the rear of
Tract #1; and is hereinafter referred to as Tract #2; and

That the parties of the third part own a tract of

land 26 x 125 feet, lying on the East side of North Main Street in
the City of High Point, North Carolina, known as #118-20 North Main
Street, which said tract of land adjoins Tract #1 on the North and is
hereinafter referred to as Tract #3; and

That J. Welch Harriss owns a tract of land 38.37

x 95.51 feet on the West side of North Wrenn Street in the City of
High Point immediately in the rear of Tract #3, known as No. 115-117
North Wrenn Street, which tract of land adjoins Tract #2 on the
North and Tract #3 on the East, and is hereinafter referred to as
Tract No. 4; and

That J. Welch Harriss has recently erected a building

upon Tract No. 4, and at the present time there are buildings on all
four tracts, all of which buildings are now occupied and used as one
building by the tenant Belk-Beck Company; and

That in connection with the construction of the

building upon Tract #4, J. Welch Harriss has made certain improvements
which are for the benefit of all the buildings. The cost of which
improvements as allotted against the property of the parties of the
third part amounts to $5778.63, of which amount $3401.43 has been paid
by the parties of the third part to J. Welch Harriss, the receipt of
which is hereby acknowledged; and the balance has been paid or arranged
to be paid; and

That the parties hereto have agreed with reference to

the walls and improvements recently made upon the property by J. Welch
Harriss and in consideration of said improvements the payment therefor
and mutual promises one to the other,

IT IS, HEREBY, MUTUALLY AGREED AS FOLLOWS:

REAR WALL OF STANTON BUILDING

1. That in connection with the erection of the building

upon Tract #4, J. Welch Harriss has torn out and moved the rear wall of
the building upon Tract #3, owned by the parties of the third part, and
upon the termination of the lease, or at such time as the buildings upon
the four tracts shall cease to be used as one building, and upon demand of
the parties of either the second or third part, the rear wall of the
building upon Tract #3 owned by the parties of the third part shall
be restored just as the same was before the erection by J. Welch
Harriss of the building on Tract #4, to the end that the building
on Tract #3 owned by the parties of the third part shall be
separate and apart just as heretofore from the building located on
Tract #4, and the cost of such restoration shall be borne as follows:
J. Welch Harriss 12/24
David L. Stanton 6/24
Clara Cole Millis 3/24
Wachovia Bank & Trust
Company, Guardian of
Clara Virginia Sherrod 2/24
Virginia Rogers Sherrod 1/24
[Total] 24/24

SPRINKLER SYSTEM

1. That the sprinkler system installed in the build-

ings on all four tracts, which system originates on North Wrenn Street
upon the property of J. Welch Harriss, shall be for the joint use of
the owners of the various separate buildings.

2. That in the case the parties hereto shall terminate the

lease and cease to use the various buildings as one building and the
same are divided into separate units, J. Welch Harriss will allow
the parties of the third part to connect with said sprinkler system
and use the same just as theretofore, which right shall terminate
and cease upon destruction of the Harriss Building or at any time
that J. Welch Harriss may desire to make any major changes in his
building which will be inconvenienced by the continued joint use
of the sprinkler system.

NO CROSS EASEMENTS

1. That the joint use of said buildings and improve-

ments thereon as hereinbefore set out shall be deemed to be made by
and used with the express license and consent of the parties hereto
and that no owner of either tract, shall acquire any easement or right
in any of the other tracts belonging to either of the other parties
hereto.

AGREEMENT RUNS WITH LAND

1. That this agreement shall run with the land and

bind the parties hereto, their heirs and assigns, that no owner
shall be responsible except for his or her acts or default while
owner.

IN WITNESS WHEREOF, the parties hereto have hereunto

set their hands and seals, the day and year first above written.

Florence W. Harriss (SEAL)

J. Welch Harriss (SEAL)
David L. Stanton (SEAL)
Lucille C. Stanton (SEAL)
Clara Cole Millis (SEAL)
H. A. Millis Jr. (SEAL)
Virginia Rogers Sherrod (SEAL)
CLARA VIRGINIA SHERROD, a minor
By J. P. Bolt
Vice-President
WACHOVIA BANK AND TRUST COMPANY GUARDIAN
ATTEST:
Howard Lyon
Asst. Secretary

NORTH CAROLINA
GUILFORD COUNTY

I, Doris R. Newton, a Notary Public

of said County, do hereby certify that FLORENCE W. HARRISS,
Widow, and J. WELCH HARRISS, Single, personally appeared before
me this day and acknowledged the execution of the foregoing
agreement.

WITNESS my hand and seal this the 31st day of

October, 1951.

Doris R. Newton
Notary Public

My Commission Expires Aug. 7, 1953

NORTH CAROLINA
GUILFORD COUNTY

I, Bessie M. Oglesby, a Notary Public

of said County, do hereby certify that DAVID L. STANTON and
wife LUCILLE C. STANTON, personally appeared before me this
day and acknowledged the execution of the foregoing agreement.

WITNESS my hand and seal this the 29th day

of October, 1951.

Bessie M. Oglesby
Notary Public

My commission expires:
3/12/52

NORTH CAROLINA
GUILFORD COUNTY

I, Bessie M. Oglesby Notary Public of said

County, do hereby certify that CLARA COLE MILLIS and husband
H. A. MILLIS, JR., personally appeared before me this day and
acknowledged the execution of the foregoing agreement.

WITNESS my hand and seal this the 29th day of

October, 1951.

Bessie M. Oglesby
Notary Public

My commission expires:
3/12/52

NORTH CAROLINA
GUILFORD COUNTY

I, Bessie M. Oglesby Notary Public of

said County, do hereby certify that VIRGINIA ROGERS SHERROD,
Widow, personally appeared before me this day and acknowledged
the execution of the foregoing Agreement.

WITNESS my hand and seal this the 29th day of

October, 1951.

Bessie M. Oglesby
Notary Public

My commission expires:
3/12/52

NORTH CAROLINA
GUILFORD COUNTY

This the 29th day of October, 1951 personally

came before me Helen Brown a Notary Public of
said County and State, HOWARD LYON, Assistant Secretary who
being by me duly sworn, says that he knows the common seal of
WACHOVIA BANK AND TRUST COMPANY, Guardian for CLARA VIRGINIA
SHERROD, and is acquainted with J. P. BOLT, who is Vice President
of the said corporation, and saw the said Vice President sign
the [foregoing] instrument, and that he, the said HOWARD LYON
Assistant Secretary as aforesaid, affixed said seal to said in-
strument, and that he, the said HOWARD LYON signed his name in
attestation of the execution of said instrument in the presence
of said Vice President of said corporation.

WITNESS my hand and official seal this the 29

day of October, 1951.

Helen Brown
Notary Public

My commission expires:
12-9-52