Prepared by: Meritage Homes of the Carolinas, Inc. Lance M. Johnson, Esq. WHEN RECORDED, MAIL TO: Meritage Homes 17851 N. 85th Street, Suite 300 Scottsdale, Arizona 85255 Attention: North Carolina Regional Counsel ACCESS EASEMENT This Access Easement (the “Easement”) is executed as of the ____ day of ___________, 2014 by, between, and among MERITAGE HOMES OF THE CAROLINAS, INC., an Arizona corporation, having a mailing address of 5400 Trinity Road, Palisades I – Suite 107, Raleigh, North Carolina 27607 (“Meritage”); HARRELL F. STALLINGS and GAYLE W. STALLINGS, husband and wife (collectively “Stallings”); and MOZELLE R. WILSON, widow (“Wilson”) (Stallings and Wilson collectively the “Grantees”). RECITALS A. Meritage owns certain real property located in Wake County, North Carolina and legally described in Exhibit “A” attached hereto (the “Meritage Property”). B. Stallings owns certain real property located in Wake County, North Carolina and legally described in Exhibit “B” attached hereto (the “Stallings Property”), which real property is adjacent to the Meritage Property. C. Wilson owns certain real property located in Wake County, North Carolina and legally described in Exhibit “C” attached hereto (the “Wilson Property”), which real property is generally adjacent to the Stallings Property. D. Grantees desire to acquire from Meritage, and Meritage desires to grant to Grantees, a temporary, non-exclusive access easement on, over and across that portion of the Meritage Property identified on Exhibit “D” attached hereto as the “Gravel Drive” for ingress and egress to and from the Stallings Property and Wilson Property (the “Meritage Easement Area”). E. Wilson desires to acquire from Stallings, and Stallings desires to grant to Wilson, a non-exclusive access easement on, over and across that portion of the Stallings Property identified on Exhibit D attached hereto as the “Gravel Drive” for ingress and egress to and from the Wilson Property (the “Stallings Easement Area” and, together with the Meritage Easement Area, the “Easement Areas”). 1 NOW, THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Access Easement. (a) Meritage hereby grants and conveys to Grantees, and Grantees’ guests and invitees, a temporary, non-exclusive access easement on, over and across the Meritage Easement Area for ingress and egress to and from the Stallings Property and Wilson Property, subject to all existing restrictions, covenants, conditions, rights-of-way, easements, mineral reservations and royalty reservations of record, if any, affecting the Easement Area. (b) Stallings hereby grants and conveys to Wilson, and Wilson’s guests and invitees, a non-exclusive access easement on, over and across the Stallings Easement Area for ingress and egress to and from the Wilson Property, subject to all existing restrictions, covenants, conditions, rights-of-way, easements, mineral reservations and royalty reservations of record, if any, affecting the Easement Area. 2. Reservations. Meritage reserves unto itself and its successors and assigns the right at any time and from time to time to (i) construct, install, maintain, operate, repair, replace or remove, across the Meritage Easement Area, roads, utility lines and other improvements, facilities and structures for public or private purposes; provided, however, that all such items shall be constructed and maintained so as not to unreasonably interfere with the Grantees’ ingress and egress to and from the Stallings Property; (ii) plat the Meritage Easement Area, impose restrictions thereon and otherwise deal in and with the Meritage Easement Area in conjunction with Meritage’s development of the Meritage Property; and (iii) grant to others the right to engage in any of the foregoing activities; provided, however, that such reserved rights shall be exercised in a manner that will not unreasonably interfere with the Grantees’ ingress and egress to and from the Stallings Property. 3. Termination; Relocation. The temporary access easement granted herein over the Meritage Easement Area shall be deemed to be automatically vacated and abandoned, and the Stallings Easement Area shall be deemed to be automatically relocated to reflect the “New Drive Location” (as defined below), at such time as (i) a permanent street right-of-way providing physical access to the Stallings Property has been dedicated in a recorded plat, and (ii) Meritage has installed a new gravel drive (topped with aggregate base course or crusher run) on a portion of the Stallings Property to tie the existing gravel drive to the new permanent street right-of-way, substantially as depicted on Exhibit “D” (the “New Drive Location”). 4. Not a Public Dedication. Nothing contained in this Easement shall be deemed to be a conveyance or dedication of any portion of the Easement Areas to the general public or for any public purpose whatsoever. 2 5. Miscellaneous. (a) No modification of this Easement shall be effective unless it is in writing and is signed by the then owner(s) of the Meritage Property, Stallings Property, and Wilson Property. (b) No waiver of any term or condition of this Easement shall be effective unless it is in writing and is signed by the person against whom enforcement of the waiver is sought, and then only in the particular circumstances specified. No failure by a person to exercise any right or privilege provided for herein, or to require timely performance of any obligation herein in strict accordance with the provisions hereof, shall preclude the exercise of such rights or privileges or the enforcement of such obligations in different circumstances or upon the reoccurrence of the same or similar circumstances. Moreover, the exercise of any remedy provided for at law, in equity, or herein shall not impliedly preclude the exercise of any other remedy except when, and then only to the extent that, the other remedy is expressly forbidden or limited by the provisions hereof. (c) If any term, provision, or covenant contained in this Easement shall be held invalid or unenforceable, the remainder of this Easement shall not be affected thereby, and each term, provision, and condition hereof shall be valid and enforceable to the fullest extent permitted by law. (d) This Easement shall be governed and construed in accordance with the laws of the State of North Carolina, without regard to its principals of conflicts of law. (e) Enforcement of the provisions of this Easement shall be by any appropriate proceeding at law or in equity against any person or entity violating or attempting to violate said provisions, either to restrain such violation, to enforce personal liability, or to recover damages, or by any appropriate proceeding at law or in equity against the land to enforce any lien or charge arising by virtue hereof. In any action to enforce the provisions of this Easement, the non-prevailing party shall be obligated to pay the attorney’s fees of the prevailing party or parties. (f) Meritage, Stallings, and Wilson agree to perform, execute, and/or deliver any and all such further acts, instruments and assurances as may be reasonably required to effect the provisions of this Easement. (g) This Easement shall take effect upon its recordation in the office of the Register of Deeds in Wake County, North Carolina. (h) The captions of the paragraphs of this Easement are for convenience only and shall not be considered or referred to in resolving questions of interpretation or construction. All of the exhibits hereto are incorporated herein by this reference. (i) This Easement may be executed in multiple counterparts, each of which shall be deemed an original and all of which, together, shall constitute one and the same instrument. 3 Remainder of this page intentionally left blank. Signature page(s) follow. 4 IN WITNESS WHEREOF, the parties have executed this Easement as of the date first set forth above. MERITAGE: MERITAGE HOMES OF THE CAROLINAS, INC., an Arizona corporation (SEAL) By: Name: Its: _________________ COUNTY, NORTH CAROLINA I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: _____________________________. Date: ____________ ______, 20____ _____________________________________________ [Notary's signature as name appears on seal] _________________________________, Notary Public [Notary's printed name as name appears on seal] My commission expires: ___________ ______, 20_____ [Affix Official Seal in Space Above] S-1 STALLINGS: (SEAL) HARRELL F. STALLINGS (SEAL) GAYLE F. STALLINGS _________________ COUNTY, NORTH CAROLINA I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: Harrell F. Stallings and Gayle W. Stallings, husband and wife. Date: ____________ ______, 20____ _____________________________________________ [Notary's signature as name appears on seal] _________________________________, Notary Public [Notary's printed name as name appears on seal] My commission expires: ___________ ______, 20_____ [Affix Official Seal in Space Above] S-2 WILSON: (SEAL) MOZELLE R. WILSON _________________ COUNTY, NORTH CAROLINA I certify that the following person(s) personally appeared before me this day, each acknowledging to me that he or she signed the foregoing document: Mozelle R. Wilson. Date: ____________ ______, 20____ _____________________________________________ [Notary's signature as name appears on seal] _________________________________, Notary Public [Notary's printed name as name appears on seal] My commission expires: ___________ ______, 20_____ [Affix Official Seal in Space Above] S-3 EXHIBIT “A” The “Meritage Property” PIN 1767295866 Being all that property labeled “73.326 Acres Total” as shown on a plat entitled “Boundary Plat for Rogers Family Farm” prepared by James O. Murphy, Professional Land Surveyor, and recorded in Book of Maps 2007, Page 1479, Wake County Registry. Exhibit A – Page 1 EXHIBIT “B” The “Stallings Property” PIN 1768306321 BEING all that certain piece or parcel of land lying in Wake County, North Carolina and being more particularly described as "New Lot -1-" on a map titled "Recombination Survey for Mozelle R. Wilson & Harrell F. Stallings" by James 0. Murphy, PE, dated April20, 2007 and recorded in the offices of the Wake County Register of Deeds in Book of Maps 2007, Page 1478 and containing 4.405 acres+/-. Exhibit B – Page 1 EXHIBIT “C” The “Wilson Property” PIN 1768308414 BEING all that certain piece or parcel of land lying in Wake County, North Carolina and being more particularly described as "New Lot -2-" on a map titled "Recombination Survey for Mozelle R. Wilson & Harrell F. Stallings" by James 0. Murphy, PE, dated April 20, 2007 and recorded in the offices of the Wake County Register of Deeds in Book of Maps 2007, Page 1478 and containing 3.418 acres+/-. Exhibit C – Page 1 EXHIBIT “D” The “Easement Areas” (Attached hereto) Exhibit D – Page 1