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11 <br /> DEED OF TRUST SUPPLEMENT #2 <br /> THIS DEED OF TRUST SUPPLEMENT #2 (this "Supplement") is dated as of <br /> November 1, 2019, and is granted by ORANGE COUNTY, NORTH CAROLINA, a <br /> political subdivision of the State of North Carolina (the "County"), to Amy K. Johnson, <br /> as trustee (the "Deed of Trust Trustee"), for the benefit of THE BANK OF NEW YORK <br /> MELLON TRUST COMPANY, N.A.,AS TRUSTEE ("BNY-M"). <br /> RECITALS: <br /> The County is issuing its [$50,000,000] Limited Obligation Bonds, Series <br /> 2019B (the "2019B Bonds"), under a Second Supplemental Trust Agreement dated <br /> as of November 1, 2019 (the "2019B Agreement"), between the County and BNY-M, <br /> as trustee. The County is issuing the 2019B Bonds to provide funds, to be used <br /> together with other available funds, to acquire, construct, equip and otherwise <br /> improve a variety of County facilities and assets, as well as to pay financing costs <br /> and other related costs. <br /> The 2019B Agreement supplements a Trust Agreement dated as of June 1, <br /> 2018 (the "2018 Agreement"), between the County and BNY-M, as trustee, which the <br /> parties previously supplemented by a First Supplemental Trust Agreement dated as <br /> of May 1, 2019 (as supplemented, the "Prior Agreement"). Under the Prior <br /> Agreement, the County issued its $7,510,000 Limited Obligation Bonds, Series 2018, <br /> and its $14,135,000 Limited Obligation Bonds, Series 2019A (together, the "Prior <br /> Bonds"), and secured its repayment obligation with respect to the Prior Bonds by <br /> granting a security interest in property pursuant to the Existing Deed of Trust, as <br /> defined below. <br /> The parties have now agreed that additional property will be added to the <br /> property that secures the County's obligations under the Prior Bonds, and that all <br /> this property (the "Mortgaged Property," as defined below) will also secure the <br /> County's repayment obligations under the 2019B Bonds as provided in the 2019B <br /> Agreement. <br /> Accordingly, this Supplement supplements the Deed of Trust and <br /> Security Agreement granted by the County for the benefit of BNY-M dated as of <br /> 2 <br />