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1998 S Finance -BB&T - Modification Agreement for Southern Village Elementary Financing 04-21-1998-8d
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1998 S Finance -BB&T - Modification Agreement for Southern Village Elementary Financing 04-21-1998-8d
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Last modified
10/11/2012 11:21:57 AM
Creation date
7/15/2010 3:54:25 PM
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BOCC
Date
4/21/1998
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
8d
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Agenda - 04-21-1998 - 8d
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\Board of County Commissioners\BOCC Agendas\1990's\1998\Agenda - 04-21-1998
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deficiency judgment for amounts that may be owed under this agreement or the Original <br />Agreement when the sale of all of the Mortgaged Property, as defined in the Original Agreement, <br />is insufficient to produce enough money to pay in full all Required Payments, as defined in the <br />Original Agreement. <br />8. This document may be executed in counterparts, including separate counterparts, <br />all of which shall constitute but a single agreement. This Modification Agreement will take <br />effect upon its execution by all parties, but in any event the payments described in Exhibit A <br />shall be due and payable beginning on August 1, 1998, provided that this Modification <br />Agreement shall have been placed of record in the Orange County Registry prior to such date. <br />9. This Modification Agreement affects the same real property as the Original <br />Agreement and the Prior Modification. <br />IN WITNESS WHEREOF, the County has caused this instrument to be executed as of <br />the day and year first above written by duly authorized officers. <br />ATTEST: (SEAL) ORANGE COUNTY, NORTH CAROLINA <br />erly A. Blythe argaret I~. Brown <br />Clerk, Board of Commissioners Chair, Board of Commissioners <br />STATE OF NORTH CAROLINA; <br />ORANGE COUNTY <br /> <br />I, a Notary Public of such County and State, certify that Margaret Brown and Beverly <br />A. Blythe personally came before me this day and acknowledged that they are the Chair and <br />Clerk, respectively, of the Board of Commissioners of Orange County, North Carolina, and that <br />by authority duly given and as the act of Orange County, North Carolina, the foregoing <br />instrument was signed in the County's name by such Chair, sealed with its corporate seal and <br />attested by such Clerk. <br />-> <br />WITNESS my hand and official stamp or seal, this !~ day of cl t,~cu2... , 1998. <br />[SEAL] ~ ( ~~ <br />Notary Public <br />My commission expires: ~ ~ ~Z 8 <br />4 <br />
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