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Finance & Administrative Services <br />131 W Margaret Lane, Suite 300 <br />Hillsborough, NC 27278 <br />Page 3 of 5 <br />Orange County Billing General Terms and Conditions <br />Version Date 07/07/23 <br />REMEDIES. No delay or omission on the part of any party to this Agreement in <br />exercising any right hereunder shall operate as a waiver of any such right or of <br />any other right of such party, nor shall any delay, omission, or waiver on any one <br />occasion be deemed a bar to or waiver of the same or any other right on any <br />future occasion. The rights and remedies of the County shall be cumulative and <br />may be pursued singly, successively, or together, at the sole discretion of the <br />County. <br /> <br />ACCELERATION. The County shall have the right to declare the Total Amount <br />to be immediately due and payable, including interest owed, if any of the <br />following events occur: <br /> <br />a. Late Payment. If any payment is late that is due under the Payment <br />Schedule as provided above; or <br />b. Default. If the Customer should default on any of the conditions of this <br />Agreement; or <br />c. Security Transfer. If assets or property that are pledged as Security as <br />part of this Agreement are transferred or sold. <br /> <br />SUBORDINATION. The Customer’s obligations under this Agreement are <br />subordinated to all indebtedness, if any, of the Customer, to any unrelated third- <br />party to the extent such indebtedness is outstanding on the date of this <br />Agreement and such subordination is required under the loan documents <br />providing for such indebtedness. <br /> <br />WAIVERS BY CUSTOMER. All parties to this Agreement, including the <br />Customer and any sureties, endorsers, and guarantors, hereby waive protest, <br />presentment, a notice of dishonor, and a notice of acceleration of maturity and <br />agree to continue to remain bound for the payment of principal, interest and all <br />other sums due under this Agreement notwithstanding any change or changes by <br />way of release, surrender, exchange, modification or substitution of any Security <br />for this Agreement or by way of any extension or extensions of time for the <br />payment of principal and interest; and all such parties waive all and every kind of <br />notice of such change or changes and agree that the same may be made without <br />notice or consent of any of them. <br /> <br />DISPUTES. In the event any payment under this Agreement is not paid when <br />due, the Customer agrees to pay, in addition to the principal and interest <br />hereunder, reasonable attorney’s fees not exceeding a sum equal to the <br />maximum usury rate limit in the State of North Carolina of the then outstanding <br />DocuSign Envelope ID: 9D6310B2-1C81-4AD7-80E9-4B5237EBBDB4