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2014-636 Attorney - Authorization of a Deed of Trust by Orange Enterprises, Inc
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2014-636 Attorney - Authorization of a Deed of Trust by Orange Enterprises, Inc
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Last modified
9/24/2014 12:03:54 PM
Creation date
2/11/2014 9:08:01 AM
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BOCC
Date
2/4/2014
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
6k
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Agenda - 02-04-2014 - 6k
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\Board of County Commissioners\BOCC Agendas\2010's\2014\Agenda - 02-04-2014 - Regular Mtg.
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V- J.-4k <br /> PIN: 9874-55-0774 <br /> AMENDMENT TO AGREEMENT <br /> Prepared by and return to: Williams Mullen, Lemuel D. Whitsett,P.O. Box 1000, Raleigh,NC 27602 <br /> This AMENDMENT TO AGREEMENT ("Amendment"), is made and entered into as <br /> of February 4, 2014, by and among OE Enterprises, Inc, f/k/a Orange Enterprises, Incorporated, <br /> a North Carolina non-profit corporation whose address is 348 Elizabeth Brady Road, <br /> Hillsborough, NC 27278 ("OE") and Orange County, a political subdivision of the State of <br /> North Carolina ("County"). OE and the County are each a "Party" and collectively the <br /> "Parties"to this Amendment. <br /> WITNESSETH: <br /> A. The Parties executed and entered into that certain Agreement dated April 26, 2005 <br /> and recorded May 4, 2005 in Book 3737, Page 156 in the Orange County Registry <br /> ("Agreement"). <br /> B. OE is the owner of fee simple title to that certain tract of land more particularly <br /> described on Exhibit A attached hereto ("Premises"). <br /> C. The Agreement restricted the amount of financing, evidenced by a deed of trust <br /> that could encumber the Premises ("Debt Limit"). <br /> D. OE wishes to enter into certain financing transactions, which would exceed the <br /> proscribed Debt Limit. <br /> E. The Parties desire to amend the Agreement as set forth herein by raising the Debt <br /> Limit on the Premises. <br /> NOW, THEREFORE, for in consideration of the premises, and other good and valuable <br /> consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, <br /> intending to be legally bound, hereby agree as follows: <br /> 1. The Agreement is hereby amended as follows. <br /> 24435026_1 1 <br />
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