Orange County NC Website
26 <br /> c) An executed copy of this Supplemental Agreement <br /> d) An executed copy of Deed of Trust Supplement #3 , which <br /> extends the benefit of the security provided to the Trustee under the Prior Deed <br /> of Trust to secure the County's performance of its obligations under this <br /> Supplemental Agreement and 2020 Bonds, as contemplated by Section 1.06(iv) <br /> of the 2018 Agreement <br /> e) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2020 Bonds as Additional Bonds is permitted under the terms of <br /> the Prior Agreement and has been duly authorized <br /> f) A County Certificate directing the Trustee as to the application of <br /> the proceeds from the sale of the 2020 Bonds <br /> g) Evidence of the issuance or proposed issuance of one or more <br /> lender's title insurance policies (or an appropriate endorsement to an existing <br /> policy) in favor of the Trustee, in an aggregate face amount of insurance equal to <br /> the total amount of Outstanding Bonds plus the principal amount of the 2020 <br /> Bonds, and including the instrument referenced in (d) above as an insured <br /> instrument <br /> Section 1.07. Limited Obligation. The 2020 Bonds are limited <br /> obligations of the County, as provided and described in Section 4.05 of the 2018 <br /> Agreement. <br /> ARTICLE II <br /> REDEMPTION <br /> Section 2.01. Redemption Dates and Prices. The 2020 Bonds maturing on <br /> or after October 1, 2031, are subject to redemption at the County's option, in whole <br /> or in part on any date on or after October 1, 2030, upon payment of the principal <br /> amount to be redeemed plus interest accrued to the redemption date, without <br /> premium. <br /> 4 <br />