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Agenda - 12-20-94 - DOTrust
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Agenda - 12-20-94 - DOTrust
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11/9/2016 3:12:09 PM
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BOCC
Date
12/20/1994
Meeting Type
Regular Meeting
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it <br /> Federal Express (or other overnight courier) , or (ii) first class <br /> registered or certified mail, return receipt requested, postage <br /> prepaid, addressed as follows : <br /> If to the Grantor: County of Orange <br /> P. 0. Box 8181 <br /> Hillsborough, NC 27278 <br /> Attn: Finance Director <br /> If to the <br /> Beneficiary: NationsBank of North Carolina, N.A. <br /> 137 East Franklin Street <br /> Chapel Hill, NC 27514 <br /> Attn: Stephanie Leo <br /> If to the <br /> Trustee: Stephen D. Poe <br /> P.O. Box 21029 <br /> Winston-Salem, NC 27120-1029 <br /> The Grantor, the Trustee and the Beneficiary may, by notice given <br /> hereunder, designate any further or different addresses to which <br /> subsequent notices, approvals, consents, requests or other <br /> communications shall be sent or persons to whose attention the same <br /> shall be directed. <br /> 4 . 7 Headings: Definitions . The headings of the articles, <br /> sections, paragraphs and subdivisions of this Deed of Trust are for <br /> convenience only and are not to be used to interpret or define the <br /> provisions herein. Wherever used herein and as the context <br /> requires, the singular shall be deemed to have been used in the <br /> plural, and vice versa, and the masculine gender shall include the <br /> feminine and neuter and the neuter shall include the masculine and <br /> feminine . <br /> 4 . 8 Severability. Invalidation of any one or more of the <br /> provisions of this Deed of Trust shall in no way affect any of the <br /> other provisions hereof, which shall remain in full force and <br /> effect . <br /> 4 .9 Priority. No release of any part of the Property herein <br /> described or extension of all or any part of the indebtedness <br /> hereby secured shall affect the priority of this Deed of Trust . <br /> 4 . 10 Substitution of Trustee. Beneficiary shall at any time <br /> have the irrevocable right to remove the Trustee named herein <br /> without notice or cause and to appoint a substitute trustee by <br /> filing for record in the office in which this Deed of Trust is <br /> recorded an instrument of appointment, and any substitute trustee <br /> so appointed shall possess all the powers, duties and obligations <br /> 13 <br />
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