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39 <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 [$45,000,000] Limited Obligation Bonds, Series <br /> 2020 (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 previously supplemented and as supplemented by a Third <br /> Supplemental Trust Agreement between the County and the Trustee and dated as of <br /> May 1, 2020 (as supplemented, the "Trust Agreement"). <br /> This Bond constitutes an installment contract within the meaning of Section <br /> 160A-20 of the North Carolina General Statutes between the County and the owner <br /> (from time to time) of this Bond. The Bonds are payable solely from funds <br /> appropriated on an annual basis by the County's governing Board of Commissioners <br /> and other funds available for the purpose of payment pursuant to the Trust <br /> Agreement, such as certain net insurance and condemnation awards and the <br /> proceeds of remedial action, which revenues and other moneys have been pledged <br /> as described in the Trust Agreement to secure payment of the Bonds. Neither the <br /> County's faith and credit nor its taxing power is pledged to the payment of any <br /> amounts due under the Bonds. As provided for under that Section 160A-20, no <br /> deficiency judgment may be rendered against the County in any action for breach of <br /> a contractual obligation 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 previously supplemented and as <br /> supplemented by a Deed of Trust Supplement #3 dated as of May 1, 2020, delivered <br /> by the County for the Trustee's benefit (as supplemented, the "Deed of Trust"). <br /> The security provided to owners of the Bonds under the Deed of Trust and <br /> otherwise is on parity with the security provided to owners of prior bonds issued <br /> under the Trust Agreement. Additional Bonds secured by a parity interest in the <br /> 17 <br />