Agenda - 10-03-2000-7a - Laserfiche WebLink

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10 default. and shall be due from Grantor on demand of the Heaeficiary. No advancement or anything contained in this paragraph shall constitute a waiver by Beneficiary or prevent such failure to perform from con_atituting an event of default. 6. WAnr~RS. Grantor waives all rights to require marshalling of assets by the Beneficiary. No delay or omission of the Beneficiary in the exercise of any right, power ar .remedy arising under the Note or this Deed of Trust shall be deemed a waiver of -any default or acquiescence therein or shall impair or waive the exercise of such right, power or ,remedy by Beneficiary at any other time. 7. NO_DEFICIENCY. AS SET FORTH ABOVE, THIS DEED OF TRUST SECURE$ AN OBLIGATION OF THE GRANTOR FOR THE UNPAID PURCHASE PRICE FOR ' REAL PROPERTY ACQUIRED UNDER THE' AUTHORITY OF NORTH CAROLINA G~?~4T• STATUTE SECTION 160A- 20, WHICF3.OBLIGATYON ZS EVIDENCED SY THE NOTE. A5.PROVIDED IN THE NOTE, NO DEFICIENCY JUDGMENT MAY SE RENDERED AGAINST THE GRANTOR IN ANY ACTION TO ENFORCE THE RIGHTS OF THE HOLDER- OF THE NOTE, THE BENEFICIARY HEREUNDER UNDER THE NOTE, OR ,PURSUANT TO THE OBLIGATION OF THE CaRANTOR TO PURCHASE THE PREMISES, AND THE TAXING POWER OF THE GRANTOR IS NOT AND MAY NOT BE 'PLEDGED DIRECTLY OR INDIRECTLY, TO SECURE ANY MONEYS DUE UNDER THE NOTE, THIS DEED OF TRUST OR THE GRAN'TOR'S OBLIGATION TO PURCHASE REAL PROPERTY TN CONNECTION WITH THxS TRANSACTION. IN WITNESS WB33REOF, the Grantor has caused this instrument to be executed by its elected Chair, attested by its Clerk and its seal to be hereunto affixed by authority of its Board af~Commissioaers, the day and year first above written. ATTEST: ORANGE COUNTY, NORTH CAROLINA Clerk to the Board of Commissioners of Orange Cauxity By: Moves Carey, Jr., Chair Board of Commissioners of Orange Covs~ty