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Supplements RB 6730 , Page 209 , RB 6818 , Page 817 , and RB 6850 , Page 968 . <br /> Hillsborough Elementary School ( PIN 9864 - 78 - 3471 ) has been released by an <br /> instrument recorded at RB , Page . <br /> STATE OF NORTH CAROLINA ) The collateral is or includes fixtures . <br /> ORANGE COUNTY ) This instrument secures future advances . <br /> DEED OF TRUST SUPPLEMENT # 3 <br /> THIS DEED OF TRUST SUPPLEMENT # 3 (this " Supplement " ) is dated as of <br /> June 1 , 2025 , and is granted by ORANGE COUNTY, NORTH CAROLINA, a political <br /> subdivision of the State of North Carolina ( the " County " ) , to Amy K . Johnson, as <br /> trustee (the " Deed of Trust Trustee " ) , for the benefit of THE BANK OF NEW YORK <br /> MELLON TRUST COMPANY, N .A. , AS TRUSTEE ( " BNY - M " ) . <br /> Introduction <br /> The County is issuing its $ 67 , 360 , 000 ( aggregate principal amount) Limited <br /> Obligation Bonds , Series 2025 ( the " 2025 Bonds " ) , under a Third Supplemental <br /> Trust Agreement dated as of June 1 , 2025 ( the " 2025 Agreement" ) , between the <br /> County and BNY - M , as trustee . The County is issuing the 2025 Bonds to provide <br /> funds , to be used together with other available funds , to acquire , construct, equip <br /> and otherwise improve a variety of County facilities and assets, as well as to pay <br /> financing costs and other related costs . <br /> The 2025 Agreement supplements a Trust Agreement dated as of June 1 , <br /> 2021 ( the " 2021 Agreement" ) . Under the 2021 Agreement, as previously <br /> supplemented , the County has issued the " Prior Bonds, " as defined in Section 2 - 2 . <br /> The County secured its repayment obligation with respect to the Prior Bonds by <br /> granting a security interest in certain " Mortgaged Property, " as defined in the <br /> Existing Deed of Trust ( as defined below) . <br /> 2 <br />