OTHER-2024-032-Preliminary official statement

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i i I j TOTAL ANNUAL DEBT SERVICE REQUIREMENTS The following table sets forth for each Fiscal Year of the County, the debt service required to be paid by the County under the Trust Agreement with respect to the 2024 Bonds and the Prior Bonds . C 2024A Bonds 2024B Bonds Prior Bonds i Fiscal Year Total Principal Total Principal Total Principal (Ended June 30) and Interest and Interest and Interest' Total i 2024 I 2025 2026 G 2027 2028 2029 2030 2031 2032 I 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 TOTAL ' ' Includes debt service on the 2021A Bonds, 202113 Bonds, 2023A Bonds and 2023B Bonds . Note : Totals may not foot due to rounding . I> f CERTAIN RISKS OF 2024 BOND OWNERS INSUFFICIENCY OF PAYMENTS If the County fails to pay any payments on the Bonds as the same become due or if another event of default occurs under the Trust Agreement, the Trustee may accelerate the principal with respect to the Bonds, direct the Deed of Trust Trustee to foreclose on the Mortgaged Property under the Modified Deed of Trust, take possession of the Mortgaged Property and attempt to dispose of the Mortgaged Property . See "THE DEED OF TRUST " in Appendix C hereto . Zoning restrictions and other land use factors relating to the Mortgaged Property may limit the use of the Mortgaged Property and may affect the proceeds obtained on any disposition by the Deed Oof Trust Trustee . THERE CAN BE NO ASSURANCE THAT THE MONEYS AVAILABLE IN THE FUNDS AND ACCOUNTS HELD BY THE TRUSTEE AND THE PROCEEDS OF ANY SUCH DISPOSITION OF THE MORTGAGED PROPERTY WILL BE SUFFICIENT TO PROVIDE FOR THE PAYMENT OF THE PRINCIPAL AND INTEREST WITH RESPECT TO THE BONDS . SECTION 160A-20 (f) OF THE GENERAL STATUTES OF NORTH CAROLINA PROVIDES THAT NO DEFICIENCY JUDGMENT MAY BE RENDERED AGAINST i 13