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Zo <br />EXHIBIT D -- PAYMENT SCHEDULE <br />Payment Schedule To Agreement and Deed of Trust dated as of , <br />2001 (the "Agreement"), granted by , to Geoffrey <br />E. Gledhill, Deed of Trust Trustee, for the benefit of Orange County, North Carolina. <br />The amount of the payment required to repay the reimbursement made pursuant to the <br />Agreement is the Amount Reimbursed plus interest at an annual rate equal to 10% from the event <br />that prompts payment as defined herein and in the Agreement. <br />Payment is due if and when the Mortgaged Property ceases being used at any time during <br />the ninety-nine year period from the Closing Date, for housing for families earning up to 80% of <br />HUD area median income as described in Section 4.14 of the Agreement. <br />Isg:orangecounty~affordablehousingdeedof'trust.doc <br />20 <br />