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RES-1997-062 Resolution Providing Final Approval of Terms and Documents Related to Financing for Skills Development Center Improvements
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RES-1997-062 Resolution Providing Final Approval of Terms and Documents Related to Financing for Skills Development Center Improvements
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Last modified
9/16/2013 2:12:14 PM
Creation date
8/29/2013 3:02:42 PM
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BOCC
Date
12/1/1997
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
7a
Document Relationships
Agenda - 12-01-1997 - 7a
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\Board of County Commissioners\BOCC Agendas\1990's\1997\Agenda - 12-01-1997
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13 <br /> obligations with respect to the 1997 Advance shall be secured by the provisions of the Contract <br /> and the Deed of Trust, including a security interest in that portion of the real property subject to <br /> the Deed of Trust which is described in Exhibit B. <br /> 5. Notwithstanding any other provision of this Modification Agreement or the <br /> Original Documents, the Grantor, the Deed of Trust Trustee and Beneficiary intend that this <br /> transaction comply with North Carolina General Statutes Section 160A-20. No deficiency <br /> judgment may be entered against the Grantor in violation of such Section 160A-20, including, <br /> without limitation, any deficiency judgment for amounts that may be owed under this agreement <br /> or the Original Documents when the sale of all of the Property,as defined in the Deed of Trust, is <br /> insufficient to produce enough money to pay in full all Installment Payments, as defined in the <br /> Contract, and other amounts payable under the Original Documents.. <br /> 6. Beneficiary shall attach a copy of this Modification Agreement to the original <br /> copy of the Contract. Grantor shall cause a fully-executed original copy of this Modification <br /> Agreement to be recorded in the real estate records in the office of the Register of Deeds of <br /> Orange County,North Carolina. <br /> 7. This document may be executed in counterparts, including separate counterparts, <br /> all of which shall constitute but a single agreement. <br /> [The remainder of this page has been left blank intentionally.] <br /> 3 <br /> S -d EE69-6Bt+-6T6 •�(' dnssac w -+aq°2! C192 :2T LG SZ ^ON <br />
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