OTHER-2021-021 Deed of Trust and Security Agreement

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RECITALS: The County is issuing its [$22,000,000] Limited Obligation Bonds, Series 2021A, and its [$23,000,000] Taxable Limited Obligation Bonds, Series 2021B (together, the "Bonds"). The County is issuing the Bonds under a Trust Agreement dated as of June 1, 2021 (the "Trust Agreement"), between the County and BNY-M, as trustee. The County is issuing the Bonds to provide funds, to be used together with other available funds, to acquire, construct, equip and otherwise improve a variety of County facilities and assets, to refinance a variety of existing County obligations, and to pay financing costs. To secure its obligations under the Trust Agreement and with respect to the Bonds, the County is providing for the conveyance by this Deed of Trust of the facilities described in Exhibit A (the "Pledged Facilities," as more particularly defined below), along with the real property associated with the Pledged Facilities and the other "Mortgaged Property," as defined below. The Mortgaged Property includes the property described in Exhibit B. The County is the record owner of the property described in Exhibit B. This Deed of Trust is given to secure current advances under the Trust Agreement of [$45,000,000], as well as potential future advances in the total maximum principal amount of $200,000,000. The time during which such future advances may be made is 30 years from June 1, 2021. The current scheduled date for final repayment is on or about June 1, 2041. NOW, THEREFORE, (1) in consideration of the execution and delivery of the Trust Agreement and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, (2) to secure the County's performance of all its covenants under this Deed of Trust, the Bonds and the Trust Agreement, including the repayment of amounts advanced under the Trust Agreement, and (3) to charge the Mortgaged Property with this payment and performance, 2