Orange County NC Website
6 <br />ii <br />Revised Exhibit D (Payment Schedule) To Financing Agreement and Deed of Trust dated <br />as of December 1, 199'7 (the "Original Agreement"), granted by Orange County, North <br />Carolina, to F. Louis Loyd, III, Deed of Trust Trustee, for the benefit of BB&T Leasing <br />Corporation, and assigns (as previously modified). <br />Dated as of : , 1998 Account Numbers: 003-152300-001 & 002 <br />This Payment Schedule is issued pursuant to a Modification Agreement dated as of <br />1998 (the "Agreement"). The Modification Agreement, among other things, <br />modifies and amends the Original Agreement and a previous modification agreement that was <br />dated as of March 1, 1997, and recorded at Book 1564, Page 163, Orange County Registry. All <br />terms used herein have the meanings ascribed to them in the Original Agreement. <br />RATES, PAYMENTS AND TERMS <br />Phase IFinancing -- The payments required to repay the advance made pursuant to the <br />Original Agreement call for an amortization period of approximately fifteen (15} years. <br />Payments are semi-annually in arrears in the amount of $xxxxxxxx at an interest rate of 4.92%. <br />A portion of each payment is paid as and represents payment of interest. <br />Payments aze due semi-annually beginning on August 1, 1997, and semi-annually on <br />each February 1 and August 1 thereafter (with the first principal payment due August 1, 1998), <br />with a final payment of all outstanding principal and accrued and unpaid interest due on <br />December 20, 2011, all as set forth in Schedule X-1 hereto. <br />Phase II Financing -- The payments required to repay the advance made pursuant to the <br />Modification Agreement call for an amortization period of approximately fifteen (15) yeazs. <br />Payments aze semi-annually in arrears in the amount of $xxxxxxxx at an interest rate of 4.92%. <br />A portion of each payment is paid as and represents payment of interest. <br />Payments are due semi-annually beginning on August 1, 1997, and semi-annually on <br />each February 1 and August 1 thereafter (with the first principal payment due August 1, 1998), <br />with a final payment of all outstanding principal and accrued and unpaid interest due on February <br />1, 2012, all as set forth in Schedule X-2 hereto. <br />4 <br />