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rn~, y, 4 li 7rt <br />R <br />.,~ ~~ ~ i~ <br />Modifrcation Agreement Draft of April 23,1999 ~ -- -- -- -~- <br />Return After Recording To: This instrument has been preaudited <br />in the manner required by The Local <br />Geoffrey E. Gledhill, Esq. Government Budget and Fiscal Control <br />Orange County Attorney Act. <br />P.O. Drawer 1529 <br />Hillsborough, NC 27278 <br />Kenneth T. Chavious <br />Finance Officer <br />Orange County, North Carolina <br />MODIFICATION A = F,F,MF.NT <br />STATE OF NORTH CAROLINA } COLLATERAL IS OR <br />} INCLUDES FIXTURES <br />ORANGE COUNTY ) <br />THIS MODIFICATION AGREEMENT (this "Modification Agreement") is <br />dated as of May 1, 1999, and is granted by ORANGE COUNTY, NORTH <br />CAROLINA, a public body of the State of North Cazolina (the "County"), to Stephen D. <br />Poe, a citizen and resident of Forsyth County, North Carolina, as trustee (the "Deed of <br />Trust Trustee"), for the benefit of NATIONSBANK,, N.A., a national banking association <br />organized and existing under the laws of the United States and having an office in Chapel <br />Hill, North Cazolina (the `Beneficiary'. <br />This Modiflcatlon Agreement, among other things, mod>$ies and amends (1) <br />an Installment Purchase Contract dated as of January 17, 1995 (the "Contract"), <br />between the County and the Beneficiary, and (2} a Deed of Trust and Secarity <br />Agreement dated as of January 17, 1995 {the "Deed of Trust;" together with the <br />Contract, the "Original Documents"), from the County to the Trustee for the benefit <br />of the Beneficiary, which Deed of Trust was recorded on January 17, 1995, at Book <br />1320, Page 38, Orange County Registry. The North Carolina Local Government <br />Commission joins in the execution of this instrument for the purpose of evidencing its <br />approval of the modifications effected by this instrument. <br />4•d rcac-aa~-ara •~r dnssar •u zaaao~ d~a:c~n as ~~ .~dy <br />