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11 <br /> RMJ Draft of November 24, 1997 <br /> Prepared By and Return After <br /> Recording To: <br /> Robert M.Jessup,Jr. <br /> Post Office Box 3163 <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 Carolina <br /> MODIFICATION 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 December 1, 1997, and is granted by ORANGE COUNTY, NORTH CAROLINA, a <br /> political subdivision and a body politic of the State of North Carolina (the "Grantor"), to <br /> Stephen D. Poe, a resident of Forsyth County, North Carolina, as trustee (the "Deed of Trust <br /> Trustee"), for the benefit of NATIONSBANK, N.A., a national banking association organized <br /> and existing under the laws of the United States,having an office in Chapel Hill,North Carolina <br /> (the`Beneficiary'). <br /> This Modification Agreement, among other things, modifies and amends (1) an <br /> Installment Purchase Contract dated as of July 23, 1996 (the "Contract"), between the <br /> Grantor and the Beneficiary, and (2) a Deed of Trust and Security Agreement dated as of <br /> July 23, 1996(the"Deed of Trust;"together with the Contract,the"Original Documents"), <br /> from the Grantor to the Trustee for the benefit of the Beneficiary,which Deed of Trust has <br /> been recorded on July 23, 1996, at Book 1491, Page 508, Orange County Registry. The <br /> North Carolina Local Government Commission joins in the execution of this instrument for the <br /> purpose of evidencing its approval of the modifications effected by this instrument. <br /> 1 <br /> g •d EEGS-GBb-6T6 <br /> •�� dnssar W ljagob dSZ :ZT LG SZ noU <br />