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12 <br /> DEED OF TRUST SUPPLEMENT #5 <br /> THIS DEED OF TRUST SUPPLEMENT #5 (this "Supplement") is dated as of <br /> June 1, 2026, and is granted by ORANGE COUNTY, NORTH CAROLINA, a political <br /> subdivision of the State of North Carolina (the "County"), to Robert M. Jessup Jr., 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 /> RECITALS: <br /> The County is issuing its $32,000,000 (aggregate principal amount) Limited <br /> Obligation Bonds, Series 2026A (the "2026A Bonds"), under a Fifth Supplemental <br /> Trust Agreement dated as of June 1, 2026 (the "2026A Agreement"), between the <br /> County and BNY-M, as trustee. The County is issuing the 2026A 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 2026A Agreement supplements a Trust Agreement dated as of June 1, <br /> 2018 (the "2018 Agreement"). Under the 2018 Agreement, as previously <br /> supplemented, the County has issued the "Prior Bonds," as defined in Section 5-4. <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 /> The parties have now agreed that the Mortgaged Property will also secure the <br /> County's repayment obligations with respect to the 2026A Bonds as provided in the <br /> 2026A Agreement. The parties have further agreed that the Mortgaged Property will <br /> now also include the real property described as Parcels [Six and Seven] on Exhibit A, <br /> and all improvements to that property, as further described below. <br /> Accordingly, this Supplement supplements the Deed of Trust and <br /> Security Agreement granted by the County for the benefit of BNY-M dated as of <br /> June 1, 2018, and recorded at RB 6486, Page 413, Orange County Registry, as <br /> previously supplemented by the instruments recorded at RB 6613, Page 17, RB <br /> 6633, Page 1121, RB 6657, Page 704, and RB 6780, Page 1910 Orange County <br /> Registry (those instruments, together with the 2018 Deed of Trust, are referred to <br /> 2 <br />