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26 <br />Exhibit B <br />DRAWN BY AND RETURN TO: <br />Geoffrey E. Gledhill <br />P.O. Drawer 1529 <br />Hillsborough, North Carolina 27278 " <br />STATE OF NORTH CAROLINA <br />COUNTY OF.ORANGE <br />INSTALLMENT PURCHASE DEED OF TRUST <br />THIS INSTALLMENT PURCHASE DEED OF TRUST (the "Deed of Trust") <br />made this day of 20 by and between ORANGE <br />COUNTY, NORTH CAROLINA, .whose address is Post Office Box 8181, <br />Hillsborough, North Carolina 27278 (hereinafter referred to as the <br />"Grantor"); whose address is <br />(hereinafter <br />referred to as the "Trustee); and MAYES' HILL LTD., whose address is <br />300 C. C. Hayes Road, Purlear, North Carolina 28655 (hereinafter <br />referred to as the "Beneficiary"). The designation Grantor, Trustee <br />and Beneficiary as used herein shall include said parties, their <br />heirs, successors, and assigns, and shall include singular, plural, <br />masculine, feminine or neuter as required by context. <br />W I T N E S S E T H: <br />WHEREAS, under the authority of North Carolina General Statute <br />Section 160A-20, the Grantor has delivered to the Trustee its <br />Installment Purchase Promissory Note of even date (the "Note") in <br />the principal sum of $430,992, the terms of which are. incorporated <br />herein by reference, as a part of the payment of the purchase price <br />for real property purchased from the Trustee. The final due date for <br />payment of the Note, if not sooner paid, is June 1, 2006. <br />NOW, THEREFORE, as security for the Grantor's obligation under <br />the Note and other valuable consideration, the receipt of which is. <br />hereby acknowledged, the Grantor has bargained, sold, given, granted <br />and conveyed and does by these presents bargain, sell, give, grant <br />and convey to said Trustee, his heirs, or successors, and assigns, <br />the. parcel(s) of land situated in Orange County, North Carolina, <br />(the "Premises") and more particularly described as follows: <br />The 109.4-acre tract of land identified as <br />on the plat of property titled ," prepared by <br />