2016-180 Housing - Subordination Agreement between OC and Elliott F. and Rosemary Williams

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upon the land hereinafter described to secure a note given by Obligors to Lender and such Deed of Trust, dated , 20 , in the principal amount of$111,000, recorded in Book , Page , Orange County Registry ("the Peoples Banking Unusual Deed of Trust"), which shall be a lien upon the land specifically described herein superior to the County Deed of Trust now held by the Lender. To carry out said purpose, Lender does hereby release, remise, and forever quitclaim unto Obligors, its successors, heirs and assigns, Lender's title to a lien upon said land to the extent that the County Deed of Trust now held by Lender shall be subordinated to the Peoples Banking Unusual Deed of Trust. But it is expressly understood and agreed that except for this subordination, the County Deed of Trust, and all the terms and conditions thereof, shall be and remain in full force and affect. The land above referred to lies in Orange County, North Carolina, and is more particularly described as: SEE EXHIBIT "A" WHICH IS ATTACHED AND INCORPORATED BY REFERENCE. IN WITNESS WHEREOF, the Lender has caused this Subordination Deed to be duly executed on the day and year first written above. ORANGE COUNTY i7 52 BY: �awt' fl'")ZAW, arl McKee, Chair opt¢ da range County Board of Commissioners ATTEST: Clerk/Deputy Clerk to the Board of Commissioners STATE OF NORTH CAROLINA COUNTY OF ORANGE I, S . a Notary Public of O a+W County, do hereby certify that personally came before me this day and acknowledged that s/he is the Clerk/Deputy Clerk to the Orange County Board of Commissioners, and that by authority duly given and as the act of Orange County, the foregoing instrument was signed in its name by CAL Chair f the Orange County Board of Commissioners, and attested to by rYA Clerk/Deputy Clerk to the Board of Commissioners. Witness my hand and notarial seal this the lb day of AYVA ' 20 A,