Orange County NC Website
q <br />EXHIBIT A-2 <br />Revised Payment Schedule to Financing Agreement and Deed of Trust dated as of <br />December 1, 1996, and subsequent Modification Agreements dated as of March 1, 1997, <br />and dated as of June 1, 1998, respectively (together, the "Original Agreement") granted by <br />Orange County, North Carolina, for the benefit of BB&T. <br />Dated as of. February 1, 2005 Account Number: 003-1523500-006 <br />(Replaces Exhibit X-4 <br />This Payment Schedule is issued pursuant to a Modification Agreement dated as of <br />February 1, 2005 (the "Modification Agreement"). The Modification Agreement, among other <br />things, modifies and amends the Original Agreement. All terms used in this Payment Schedule <br />have the meanings ascribed to them in the Original Agreement. <br />The payments required to repay the outstanding principal balance of the advance made <br />pursuant to the Original Agreement (which amount is $5,258,222.67) call for remaining <br />amortization period of approximately seven (7) years. Payments are semi-annual in arrears in the <br />amount of $429,615.62, A portion of each payment is paid as and represents payment of interest <br />at an annual interest rate of 3.69%. <br />Payments are due beginning on August 1, 2005, and semi-annually thereafter, with a final <br />payment of all outstanding principal and accrued and unpaid interest due on February 1, 2012, all <br />as set forth in the attached amortization schedule. <br />7