Orange County NC Website
31 <br /> d) An executed copy of Deed of Trust Supplement #4, 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 2022 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 2022 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 2022 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 2022 <br /> Bonds, and including the instrument referenced in (d) above as an insured <br /> instrument <br /> Section 1.09. Limited Obligation. The 2022 Bonds are limited obligations <br /> of the County, as provided and described in Section 4.05 of the 2018 Agreement. <br /> ARTICLE II <br /> REDEMPTION <br /> Section 2.01. Redemption Dates and Prices. (a) Principal of the 2022 <br /> Bonds is subject to redemption and prepayment prior to the scheduled Payment <br /> Dates only under the terms of this Article. <br /> (b) Principal of the 2022A Bond is not subject to prepayment prior to the <br /> scheduled Payment Dates. <br /> (c) (i) The County may prepay the principal of the 2022B Bond, in whole <br /> or in part, at the County's option, on any date, upon payment of the principal <br /> amount to be prepaid plus interest accrued to the prepayment date. <br /> 6 <br />