Orange County NC Website
urn y r vv r v i .� vvrr .� vv 1 4. 1 %JU <br /> NOW, THEREFORE , <br /> ( 1 ) ill consideration of the execution and delivery of the 2022 Bonds and <br /> the 2022 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 2022 Agreement, the Prior Agreement, <br /> the 2022 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 <br /> and assigns forever, in trust, with power of sale, the " Mortgaged Property, " which is <br /> now defined as the following : <br /> ( a) The " Mortgaged Property" as defined in the Existing Deed of Trust; <br /> along with <br /> ( b ) The property described as Tract 6 on Exhibit A and any real property <br /> later acquired by the County in exchange for, or in consideration of the exchange of, <br /> or with the proceeds from any disposition of, all or any part of any property <br /> described in this paragraph, and in all cases together with all easements , rights , <br /> rights - of- way and appurtenances belonging to any of that property; and <br /> ( c) all buildings and other improvements and fixtures now or later <br /> attached to or used in or on that Tract 6 or any of its improvements , including (i ) all <br /> renewals , replacements , and additions , (ii) all articles in substitution, (iii) all building <br /> materials for construction, improvement, modification or repair of improvements <br /> upon their delivery to Tract 6, and (iv) all proceeds of all the foregoing in whatever <br /> form resulting from the loss or disposition of the foregoing, including all proceeds of <br /> and unearned premiums for any insurance policies covering Tract 6 and the <br /> improvements , proceeds of title insurance and payments related to the exercise of <br /> condemnation or eminent domain authority, and all judgments or settlements in lieu <br /> of any of the foregoing; <br /> all of which together now constitutes the " Mortgaged Property" for the purposes of the <br /> Modified Deed of Trust . <br />