OTHER-2023-032-Deed of Trust Supplement #1

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STATE OF NORTH CAROLINA ) The collateral is or includes fixtures . ORANGE COUNTY ) This instrument secures future advances . DEED OF TRUST SUPPLEMENT # 1 THIS DEED OF TRUST SUPPLEMENT # 1 (this " Supplement " ) is dated as of June 13 , 2023 , and is granted by ORANGE COUNTY, NORTH CAROLINA, a political subdivision of the State of North Carolina (the " County " ) , to Amy K. Johnson, as trustee (the " Deed of Trust Trustee " ) , for the benefit of THE BAND OF NEW YORK MELLON TRUST COMPANY, N.A. , AS TRUSTEE ( " BNY- M " ) . i Introduction The County is issuing its $ 14 , 298 , 000 (aggregate principal amount) Limited Obligation Bonds , Series 2023 (the " 2023 Bonds " ) , under a First Supplemental Trust Agreement dated as of June 13 , 2023 (the " 2023 Agreement ") , between the County and BNY� M , as trustee . The County is issuing the 2023 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 , as well as to pay financing costs and other related costs . The 2023 Agreement supplements a Trust Agreement dated as of June 1 , 2021 (the " 2021 Agreement" ) . Under the 2021 Agreement, the County has issued its $ 23 , 585 , 000 original aggregate principal amount Limited Obligation Bonds , Series 2021A and Series 2021B (the " Prior Bonds " ) . The County secured its repayment obligation with respect to the Prior Bonds by granting a security interest in certain Mortgaged Property, as defined in the Existing Deed of Trust ( as defined below) . The parties have now agreed that the Mortgaged Property will also secure the County' s repayment obligations with respect to the 2023 Bonds as provided in the 2023 Agreement, The parties have further agreed that the Mortgaged Property will 2