Agenda - 11-16-1993 - VIII-A (2)

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S3 and any trustee so appointed shall be vested with the title to the III Mortgaged Property and shall possess all the powers, duties and obligations herein conferred on the Deed of Trust Trustee in the same manner and to the same extent as though he were named herein as Deed of Trust Trustee. SECTION 7 Miscellaneous 7 . 1 Limitation of Liability of Officers of Grantor. No covenant, condition or agreement contained herein shall be deemed to be a covenant, agreement or obligation of a present or future commissioner, officer, employee or agent of the Grantor in his or her individual capacity, and no officer thereof shall be liable personally on the Bonds or any Additional Bonds or be subject to any personal liability or accountability by reason of the execution and delivery thereof or by virtue of the execution and delivery of this Deed of Trust . No commissioner, officer, employee or agent of the Grantor shall incur any personal liability with respect to any other action or failure to act pursuant to this Deed of Trust, provided such officer, employee or agent acts in good faith. 7.2 Notices. All notices, approvals, consents, requests and other communications hereunder shall be in writing and given by first-class mail, postage prepaid, or personal delivery to the party entitled thereto, addressed (i) if to the Grantor, to , North Carolina , Attention: (ii) if to the Deed of Trust Trustee, to , , North Carolina , and (iii) if to the Beneficiary, to , Charlotte , North Carolina , Attention : Each party may by notice given hereunder designate any further or different addresses to which subsequent notices, approvals, consents, requests or other communications shall be sent or persons to whose attention the same shall be directed. Notice shall be deemed to have been received upon the earlier of actual receipt or five Business Days (as defined in the Trust Indenture) after deposit in the United States mail, in certified form, postage prepaid, or, in the case of personal delivery, upon delivery to the respective address set forth above. All communications to be given hereunder may also be given by telephone, telecopy or other electronic means and shall be deemed to have been properly given at the time of the transmission thereof if, and only if, such transmission shall be confirmed in writing and sent as specified above. 7.3 Amendments. This Deed of Trust may be amended in any respect, subject to compliance with the provisions of Article of the Trust Indenture. 8