Orange County NC Website
10 <br /> 6613, Page 17, and RB 6633, Page 1121 (this is the "2019B Deed of Trust"), Orange <br /> County Registry (those instruments, together with the 2018 Deed of Trust, are <br /> referred to as the "Existing Deed of Trust" in this Supplement). The Existing Deed of <br /> Trust, as modified by this Supplement, is referred to as the "Modified Deed of Trust" <br /> in this Supplement. <br /> The Mortgaged Property includes the real property described in Exhibit A. The <br /> County is the record owner of that real property. <br /> The County executes and delivers this Supplement to secure current advances <br /> under the 2020 Agreement of[$43,000,000],as well as (a) total outstanding advances <br /> with respect to the Prior Bonds of approximately$50,595,000 and (b) potential future <br /> advances up to a total maximum principal amount of $200,000,000, all as described <br /> and pursuant to the Existing Deed of Trust.The time during which such future advances <br /> may be made is 30 years from June 1, 2018. The current scheduled date for final <br /> repayment of amounts secured under this Supplement and the Existing Deed of Trust <br /> is October 1, 2040. <br /> NOW, THEREFORE, <br /> (1) in consideration of the execution and delivery of the 2020 Bonds and the <br /> 2020 Agreement and other good and valuable consideration, the receipt and <br /> sufficiency of which the County acknowledges, <br /> (2) to secure the County's performance of all its covenants under this <br /> Supplement, the Existing Deed of Trust, the 2020 Agreement, the Prior Agreement, <br /> the 2020 Bonds and the Prior Bonds (together, the "Loan Documents"), and <br /> (3) to charge the Mortgaged Property with that payment and performance, <br /> the County sells, grants and conveys to the Deed of Trust Trustee, her successors and <br /> assigns forever, in trust,with power of sale,the Mortgaged Property, as defined in the <br /> 2019B Deed of Trust, which includes the property described in Exhibit A; <br /> BUT TAKE NOTE THAT Parcel 4 as defined in the 2019B Deed of Trust has <br /> previously been released from the lien of the Existing Deed of Trust; <br /> 3 <br />