Orange County NC Website
3 . Priority of 2024 Deed of Trust . Notwithstanding anything in the Modified <br /> Lease to the contrary, the School Board ' s rights to possession of the Leased Property and <br /> all its other rights under the Modified Lease are subordinate to the rights of the <br /> beneficiary under the Deed of Trust, specifically including the 2024 Deed of Trust . Any <br /> judicial sale of, or foreclosure on , the Leased Property pursuant to the Deed of Trust <br /> terminates all the School Board ' s rights under the Modified Lease . <br /> 4 . Confirmation of Remaining Lease Terms . Except as provided by this <br /> Agreement, the parties ratify, approve and confirm the terms of the Original Lease . <br /> [The remainder of this page has been left intentionally blank . ] <br /> 4 <br />