Browse
Search
Agenda - 01-24-2006-8a
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2000's
>
2006
>
Agenda - 01-24-2006
>
Agenda - 01-24-2006-8a
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/1/2008 11:45:06 PM
Creation date
8/29/2008 9:03:23 AM
Metadata
Fields
Template:
BOCC
Date
1/24/2006
Document Type
Agenda
Agenda Item
8a
Document Relationships
Minutes - 20060124
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2006
RES-2006-007 Final Approval of terms & conditions for Meadowlands Building acquisition & financing
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
33
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ago <br />the effective use, nor materially decrease the value or substantially alter the intended use, <br />of the Mortgaged Property. The County shall do, or cause to be done, all such things as <br />may be required by law in order, fully to protect the security of and all Sellers' rights <br />under this Agreement. <br />(c) Any and all additions to or replacements of the Facility and all parts thereof <br />shall constitute accessions to the Facility and shall be subject to all the terms and <br />conditions of this Agreement and included in the "Facility" for the purposes of this <br />Agreement. <br />(d) Notwithstanding the provisions of subsection (c.) above, however, the County <br />may, from time to time in its sole discretion and at its own expense, install machinery, <br />equipment and other tangible property in or on the Facility. All such property shall <br />remain the County's sole property in which Sellers shall have no interest; provided, <br />however, that any such property which becomes permanently affixed to the Facility shall <br />be subject to the lien and security interest arising under this Agreement if Sellers shall <br />reasonably determine that the Facility would be damaged or impaired by the removal of <br />such machinery, equipment or, other tangible property. <br />5.05. Utilities. The County shall pay all charges for utility services furnished to <br />or used on or in connection with the Site and the Facility. <br />5.06. Risk of Loss. The County shall bear all risk of loss to and condemnation of <br />the Site and the Facility. <br />5.08. Title. Title to the Site and the Facility and any and all additions, repairs, <br />replacements or modifications thereto shall at all times be in the County, subject to the <br />lien of this Agreement. Upon the County's payment in full of all Required Payments, <br />Sellers, at the County's expense and request, shall cancel this Agreement. <br />5.10. Damage and Destruction. The County shall promptly notify Sellers if (a) <br />the Mortgaged Property or any portion thereof is stolen or is destroyed or damaged by <br />fire or other casualty, (b) a material defect in the construction of the Facility shall become <br />apparent, or (c) title to or the use of all or any portion of the Mortgaged Property shall be <br />lost by reason of a defect in title. Each notice shall describe generally the nature and <br />extent of such damage, destruction or taking. <br />ARTICLE VI <br />THE DEED OF TRUST TRUSTEE <br />10 <br />finagreemttweeter
The URL can be used to link to this page
Your browser does not support the video tag.