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3 <br />Draft of March 19, 1998 <br />Prepazed By and Return After <br />Recording To: <br />Robert M. Jessup, Jr. <br />Post Office Box 3168 <br />Chapel Hill, NC 27515 <br />This instrument has been preaudited in the <br />manner required by The Local Government <br />Budget and Fiscal Control Act. <br />Kenneth T. Chavious <br />Finance Officer <br />Orange County, North Cazolina <br />MODIFI ATION AGREEMENT. <br />STATE OF NORTH CAROLINA) COLLATERAL IS OR INCLUDES FIXTURES <br />ORANGE COUNTY ) <br />THIS MODIFICATION AGREEMENT (this "Modification Agreement") is dated as <br />of , 1998, and is granted by ORANGE COUNTY, NORTH CAROLINA, a public <br />body of the State of North Cazolina (the "County"), to F. Louis Loyd, III, a citizen and resident <br />of Mecklenburg County, North Carolina, as trustee (the "Deed of Trust Trustee"), for the benefit <br />of BB&T GOVERNMENTAL FINANCE ("BB&TGF"), which is an operating unit of Branch <br />Banking & Trust Company of North Carolina. <br />This Modification Agreement, among other things, modifies and amends a <br />Financing Agreement and Deed of Trust (the "Original Agreement") dated as of December <br />1, 1996, which was recorded on December 19, 1997, at Book 1536, Page 459, Orange <br />County Registry, and a previous Modification Agreement (the "Prior Modification") dated <br />as of March 1, 1997, and recorded at Book 1564, Page 163, Orange County Registry. <br />BB&TGF is the assignee of BB&T Leasing Corporation's rights as beneficiary under the <br />Original Agreement. The current scheduled date for final repayment of amounts to be paid by the <br />