THIS MODIFICATION OF DEED OF TRUST AND SECURITY AGREEMENTModification of Deed of Trust and Security Agreement • February 15th, 2016
(this “Modification”) is entered into as of February , 2015 by and among the CITY OF DURHAM, NORTH CAROLINA, a municipal corporation regularly created and validly existing under the laws of the State of North Carolina (the “Grantor”), ASHLEY L. HOGEWOOD, JR., a North Carolina resident, as trustee (the “Trustee”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as successor to Deutsche Bank National Trust Company, as certificate trustee (the “Certificate Trustee”) and as assignee of NEW DURHAM CORPORATION, a North Carolina nonprofit corporation (the “Corporation” and together with its successors and assigns, the “Beneficiary”), under the Indenture of Trust dated as of August 1, 2003 (the “2003 Indenture”), as supplemented by Supplemental Indenture, Number 1 dated as of May 1, 2005 (the “First Supplement”) and as further supplemented by Supplemental Indenture, Number 2 dated as of May 17, 2012 (the “Second Supplement,” and together with the 2003 Indenture and the Firs
