Orange County NC Website
interest from and after the prepayment date, will no longer be entitled to the <br />benefits provided by the Trust Agreement and uTill not be deemed to be <br />Outstanding under the Trust Agreement. <br />The Owner of this Certificate has no right to enforce the provisions of the <br />Trust Agreement or to institute action to enforce the covenants therein.; or to take <br />any action with respect to any event of default thereunder, or to institute, appear in <br />or defend any suit or other proceeding with respect thereto, except as provided in <br />the Trust Agreement. Changes to ar supplements of the Trust Agreement may be <br />made to the extent and in the circumstances permitted by the Trust Agreement. <br />The Certificates are issuable only as fully-registered Certificates without <br />coupons in denominations of $S,Q~O principal amount and any integral multiple <br />thereof. Ownerslup of tlus Certificate will be registered on the Certificate Register <br />(as defined in the Trust Agreement) to be kept far that purpose by the Trustee, <br />which u~•ill act as certificate registrar for the Certificates. This Certificate may be <br />exchanged, and its transfer may be effected, only by the Owner hereof in person or <br />by attorney duly authorized in writing at the aforesaid office of the Trustee, but <br />only in the manner, subject to the limitations and upon pa}jment of the charges <br />pro~Tided in the Trust Agreement, and upon surrender and cancellation of this <br />Certificate. Upon exchange or registration of such transfer a new registered <br />Certificate or Certificates of the same maturity and interest rate and of authorized <br />r <br />denomination or denominations for the same aggregate principal amount urill be <br />issued in exchange therefor. <br />The Company and the Trustee may deem and treat the person ui whose name <br />this Certificate u~•ill be registered on the Certificate Register as the absolute owner <br />hereof for the purpose of receivving payment of or on account of principal hereof <br />and interest due hereon and for all other pLUposes and neither the Company nor the <br />Trustee uTill be affected by any notice to the contrary, except that interest pad-~ments <br />will be made to the persons sho~'n as Ourners on the Trustee's registration books <br />on the 15th day (whether ar not a business day} {the "Record Date") preceding <br />each Certificate Payment Date. <br />All acts, conditions and things required by the Constitution and laws of the <br />State of North Carolina to happen, exist or be performed precedent to and in the <br />execution and delivery of this Certificate have happened, exist and ha~Je been <br />performed. <br />This Certificate will not be entitled to any benefit under the Trust Agreement <br />or be valid or obligatory for any purpose until the Trustee uTill have executed the <br />Certificate of Authentication appearing hereon. <br />J3862v2 4g <br />