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1 . Security Provided <br /> 14 Security for Payment and Performance . The Modified Deed of <br /> Trust secures the County' s payment, as and when the same become due and <br /> payable, of all amounts payable by the County under the Loan Documents ( the <br /> " Obligations " ) and the County' s timely compliance with all terms , covenants and <br /> conditions of ( a ) the Loan Documents and ( b ) any Additional Bonds , as defined in <br /> and as may be executed and delivered pursuant to the 2021 Agreement, as <br /> supplemented from time to time . <br /> 1 - 2 Present and Future Advances . This Deed of Trust is executed to secure <br /> all the County' s present and future obligations to the Trustee related to the <br /> Mortgaged Property as described in and pursuant to the Modified Deed of Trust. The <br /> total amount, including present and future obligations , that may be secured by this <br /> Modified Deed of Trust at any one time is $ 200 , 000 , 000 . The period within which <br /> future obligations may be incurred is 30 years from June 1 , 2021 . <br /> 1 - 3 Existing Deed of Trust Otherwise Confirmed . Except as provided by <br /> this Supplement, the County ratifies , approves and confirms the terms of the <br /> Existing Deed of Trust . <br /> 14 County ' s Obligation Limited . Notwithstanding any other provision <br /> of the Loan Documents, the parties intend that this transaction will comply with <br /> North Carolina General Statutes Section 160A - 20 . No deficiency judgment may be <br /> entered against the County in violation of Section 160A - 20 . <br /> No provision of this Supplement should be construed or interpreted as <br /> creating a pledge of the County ' s faith and credit within the meaning of any <br /> constitutional debt limitation . No provision of this Supplement should be construed <br /> or interpreted as an illegal delegation of governmental powers , nor as an improper <br /> donation or lending of the County' s credit within the meaning of the North Carolina <br /> constitution . The County' s taxing power is not and may not be pledged , directly or <br /> I <br /> ndirectly contingently, to secure any moneys due under this Supplement . <br /> Nothing in this Section is intended to impair or prohibit foreclosure under the <br /> Modified Deed of Trust if the Obligations are not paid when due or otherwise upon <br /> the occurrence of an Event of Default under the Loan Documents . <br /> 5 <br />