Orange County NC Website
Browse       Search
TABLE OF CONTENTS <br /> Page <br /> SECTION 1 <br /> Recitals and Conveyance 1 <br /> SECTION 2 <br /> Grantor' s Representations and Agreements . . . . 3 <br /> 2 . 1 Title to Mortgaged Property 3 <br /> 2 .2 Payment and Performance of Bonds, Additional Bonds, <br /> Trust Agreement and Deed of Trust 3 <br /> 2 .3 Performance of Grantor' s Obligations 3 <br /> 2 .4 Further Instruments 3 <br /> 2 . 5 Security Interest in Fixtures 4 <br /> 2 . 6 Grantor and Lien Not Released 4 <br /> 2 .7 Payment of Costs, Attorneys' Fees and Expenses 4 <br /> 2 . 8 Amounts Secured 5 <br /> SECTION 3 <br /> Foreclosure . . . . . . . . . . . 5 <br /> 3 . 1 Power of Sale 5 <br /> 3 .2 Application of Proceeds 5 <br /> 3 .3 Foreclosure Sale 6 <br /> SECTION 4 <br /> Additional Rights and Remedies of <br /> Beneficiary and Deed of Trust Trustee 6 <br /> 4 . 1 Rights upon Default 6 <br /> 4 . 2 Additional Rights upon Default 6 <br /> 4 .3 Construction of Deed of Trust 7 <br /> SECTION 5 <br /> Release of Mortgaged Property 7 <br /> SECTION 6 <br /> The Deed of Trust Trustee 7 <br /> SECTION 7 <br /> Miscellaneous 8 <br /> 7.1 Limitation of Liability of Officers of Grantor 8 <br /> 7 .2 Notices 8 <br /> 7 .3 Amendments 9 <br /> 7.4 Successors and Assigns 9 <br /> 7. 5 Applicable Law 9 <br /> EXHIBIT A - Description of Real Property <br /> EXHIBIT B - Permitted Exceptions to Title <br /> 1. <br />