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47 <br /> bear interest from the date to which interest has been paid). Principal and interest <br /> are payable in lawful money of the United States of America. <br /> This Bond is one of an issue of$ Limited Obligation Bonds, Series <br /> 2019 (the "Bonds"), of like date and tenor, except as to number, denomination, rate <br /> of interest, privilege of redemption and maturity. The Bonds are issued under, and <br /> are equally and ratably secured by, a Trust Agreement dated as of June 1, 2018, <br /> between the County and The Bank of New York Mellon Trust Company, N.A., as <br /> trustee (the "Trustee"), as supplemented by a First Supplemental Trust Agreement <br /> between the County and that Trustee and dated as of May 1, 2019 (together, the <br /> "Trust Agreement"),. <br /> This Bond constitutes an installment contract within the meaning of Section <br /> 160A-20 of the North Carolina General Statutes, as the same may be in effect from <br /> time to time ("Section 160A-20"), between the County and the owner (from time to <br /> time) of this Bond. The Bonds are payable solely from funds appropriated on an <br /> annual basis by the County's governing Board of Commissioners, and other funds <br /> available for the purpose of payment pursuant to the Trust Agreement, such as <br /> certain net insurance and condemnation awards and the proceeds of remedial <br /> action, which revenues and other moneys have been pledged as described in the <br /> Trust Agreement to secure payment of the Bonds. Neither the County's faith and <br /> credit nor its taxing power is pledged to the payment of any amounts due under the <br /> Bonds. As provided for under Section 160A-20, no deficiency judgment may be <br /> rendered against the County in any action for breach of a contractual obligation <br /> under the Bonds or the Trust Agreement. <br /> To further secure its obligations under the Trust Agreement, the County has <br /> granted, for the benefit of the Trustee on behalf of the owners of the Bonds, a <br /> security interest in certain public facilities and the related real property, and certain <br /> other property, pursuant to the Trust Agreement and a Deed of Trust and Security <br /> Agreement dated as of June 1, 2018, as supplemented by a Deed of Trust <br /> Supplement dated as of May 1, 2019. <br /> Reference is made to the Trust Agreement, the Deed of Trust and Supplement <br /> referenced above for the provisions, among others, with respect to the nature and <br /> extent of the security, the rights, duties and obligations of the County and the <br /> Trustee, the rights of the Owners of the Bonds and the terms upon which the Bonds <br /> 25 <br />