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3 <br /> NORTH CAROLINA <br /> ORANGE COUNTY <br /> THIS ESTOPPEL AND MODIFICATION AGREEMENT is made and entered <br /> into by and among ORANGE COUNTY, NORTH CAROLINA, a political <br /> subdivision of the State of North Carolina, herein "County, " <br /> INTERFAITH COUNCIL FOR SOCIAL SERVICE, INC. , a nonprofit <br /> corporation having its principal offices in the Town of Chapel <br /> Hill, North Carolina, herein "IFC, " and NORTH CAROLINA HOUSING <br /> FINANCE AGENCY, an agency of the State of North Carolina, herein <br /> "Agency. " <br /> W I T N E S S E T H <br /> WHEREAS, Agency has committed to loaning IFC $150,000, which <br /> loan will be secured by a deed of trust on IFC's leasehold <br /> interest in the property described in Exhibit A hereto, <br /> hereinafter "the Property; " <br /> WHEREAS, County is the owner of the Property and has leased <br /> it to IFC for 25 years in a Lease agreement recorded at Book <br /> Page of the Orange County Registry ( "the Lease" ) ; <br /> WHEREAS, one of the conditions of IFC receiving the loan <br /> from Agency is that County execute an estoppel and modification <br /> agreement acceptable to Agency which will further insure that the <br /> funds Agency loans to IFC will in the long run provide housing <br /> for homeless families with children and women with children who <br /> are victims of domestic violence. <br /> NOW, THEREFORE, County agrees with IFC and with Agency that: <br /> 1. The Lease is in full force and effect and IFC is not in <br /> default thereunder. <br />