Orange County NC Website
Exhibit A <br />SATISFACTION: The debt evidenced by <br />this note has been satisfied in full <br />this day of , 20 <br />Signed: <br />INSTALLMENT PURCHASE PROMISSORY NOTE <br />Hillsborough, N.C. <br />2000 <br />FOR VALUE RECEIVED the undersigned, Orange County, North <br />Carolina (the "County "), promises to pay to MAYES' HILL, <br />LIMITED, or assigns of which the County has been notified, the <br />principal sum of $430,992, with interest from at <br />the rate of five per cent (5.0%) per annum on the unpaid balance <br />until paid, both principal and interest payable in lawful money <br />of the United States of America, by mailing said moneys to <br />MAYES' HILL, LIMITED, 300 C. C. Hayes Road, Purlear, North <br />Carolina 28665 or at such place as the legal holder hereof may <br />designate in writing. The principal and interest shall be due <br />and payable in monthly installments pursuant to the attached <br />Amortization Schedule. <br />This instrument has been preaudited in the manner required <br />by The Local Government Budget and Fiscal Control Act. <br />Dated: , 20 <br />Finance Director, Orange County <br />