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prior to the date fixed for redemption. The County is not responsible for sending redemption <br />notices to anyone other than DTC or its nominee. <br />If (a) DTC determines not to continue to act as securities depository for the Bonds or (b) <br />the County so elects, the County will discontinue the book -entry system with DTC. If the County <br />does not identify another qualified securities depository to replace DTC, the County will deliver <br />replacement Bonds in the form of fully- registered certificates. <br />The County Finance Officer has been appointed Registrar for the Bonds. As Registrar, <br />the Finance Officer will maintain appropriate books and records indicating ownership of the <br />Bonds. The County will treat the registered owner of this Bond as the person exclusively <br />entitled to payment of principal and interest and the exercise of all other rights and powers of the <br />owner, except that the County will make Bond payments to the person shown as owner on the <br />County's registration books at the end of the calendar day on the 15th day of the month (whether <br />or not a business day) preceding each interest payment date. Principal and interest are payable in <br />lawful money of the United States of America. <br />The County intends that North Carolina law will govern this Bond and all matters of its <br />interpretation. <br />All acts, conditions and things required by the Constitution and laws of the State of North <br />Carolina to happen, exist or be performed precedent to and in the issuance of this Bond have <br />happened, exist and have been performed, and the issue of Bonds of which this Bond is one, <br />together will all other indebtedness of the County, is within every debt and other limit prescribed <br />by the Constitution and laws of the State of North Carolina. <br />IN WITNESS WHEREOF, Orange County, North Carolina, has caused this Bond to be <br />signed by its County Manager, its seal to be affixed hereto and attested by the Clerk to its Board <br />of Commissioners, and this Bond to be dated July 12, 2018. <br />(SEAL) <br />ATTEST: <br />[Sample only - do not sjLn <br />[Sample only - do not sign] <br />Clerk, Board of Commissioners <br />County Manager <br />Orange County, North Carolina <br />Orange County, North Carolina <br />