HomeMy WebLinkAbout1986 - Deed of Trust - Keesling Rebecca / Keesling Mary - 8606240344
! DEED OF TRUST
I TINS DF.ED OF TR usT ("Seenrit Instrioneni") is ;mule on . . . 12
. Thegrantor is ..AiiIMPA..5a EESI 1NC , on unmnrr e person and
• real nroperiv.
Rom 3044 12113
0
UNit oast CUVINANts. Borrower mill Lender covenant and agree a '.follows:
1, Payment of PrIncli, +I and Interest; Prepayment and Lute Charges, narrower shall promptly pay when due
the prirc.,•al of and interest on the debt cnitII nerd by the Note and any prepayment and late charges due under the Note.
1, Funds for 'I user and Insurance. Subjre In appiieante Ian or to a written waiter by Is ink r. Norco »er +hall; ay
to Lender nn the day monthly payment* are flue under the time, until the Note t+ rid jn full, a sum ( "Fn11is ") equal I •
nne•t well) h of: (n) y : :uly haw• and as• "ssnncids which tiny attain priority over this S t wing Instrument: rh) yearly
leasehold payments or gro tents on t he t'ropeuy, Ir ans., (c) yrarty 1..1/atd 111%1111111er pre;riunts; and (d) yc.trly
mortgage tusuru „e prenrnms. if any. These IICnIS arc called "•tscraw items.” Lender may estimate toe Funds due 011 Ole
h115i+ of current data and reasonable estimates of future csermv items.
The iroods shall be In•kl in an institution the deposits or neconnls ut'ss hick are insured or guaranteed by a (Wend or
stale umey (meluding Lender if Lender is such an institution). Lender shall mints the )tun's to pity the escrow twins.
. Lender nuIy not charge for holding and npnlying the Funds, mulls ring the account sir serifyiug the escrow aeons, odes%
(, Lender pays Ile :rower iglerest on the Funds and applicabie taw permits Lender to make such Ia charge. Borrower and
O Lender may agree in writing that interest shill he paid nn the Funds. Unless an agreement Is made or apnlicable law
t V requires interest to be paid, Lends: shall not he required to pay Burrmver any interest of earnings on the Nfld.. Lender
shnll give In Borrower, without charge. an annual accounting of the Funds showmc credits and debits to the Funds and the
1e. purpose for whit•h etch :Whit to the Fonds was matte. The Fin ore pledged as additional security for the soma secured by
.4) this Security Instrument.
qp If the amount cif ,!a: Funds held ha Lender, together with the future monthly payments of Funds payable prior 'd
the due thaws of the escrow items, shall esct :ed the amount required to pay the escrow items When clue, the excess Allan t c.
at Borrower's °plinth either promptly repaid to Borrower or credited to nonimer on monthly payments of Funds. I f the •
amount of the Funds held by Lender is not sullIcicnt to pay the escrow items when due, Borrower shall pay to Lender any •
amount necessary to ma:.1: up the deficiency in one or ;more payments as required by Lender. .
Upon payment in f•dl of all stuns secured by :his Security instrunhent, Lender shall promptly refund to Borrower
any Bonds held by Lender. If under paragraph 19 the Property is sold o1 .acquired by Lender. Lender shall apply, no later
than immediately prior to the sale or the Property or it* acquisition by Lender, any Funds held by Lender at the time o f •
application as a credit againot ,he sucnssecuret by this Sceut•ity Instrument. '
3. Application of Payments. Unless applicable law provides otherwise, all payments received by (.ender tinder, • '
purugmphs I and 2 shall be Ippliej: fist, to lute charges due under the Now; second, to prep :tymcm charges due under the • ..
Note.; litho, In amounts payable under paragraph 2; fourth, to interest due; and last, to principal dun.. t ••
4. Charges; Liens. Borrower shill pay all taxes, assessments, charges, tines and impositions attributable 10 the' :..
Property which may attain priority over this Security Instrument. and leasehold payments or ground rents. if any... "=
Borrower shall pay these nbligtuions in the wanner provided in paragraph 2, or if r.nt paid in that manner. Borrower sltall'•;
pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
In he paid mule.- ...Is paragraph, If Borrower mikes These payments directly, Borrower shall promptly furnish to Lender
receipts cvidenei.., ,he payments.
Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (h) contests in good
faith the lien by. or defends against en :.trcentenI Of the lien in. legal proceedings which in the Lender's opinion operate to
prevent the enrorcetrem of the lien or forfeiture of any part of the Property; or (c) sezures from time holder of the lien an
agreement satisfactory lu I.eadei Suholdmuting the lien to this Sc, n ity Instrument. i i ' ) ander determines that any part of
the Ptsperly is subject to a lien which may attain priority over this Necurrly tnstrument, Lender may give Burruwcr a
notice identifying, the lien. Borrower shall satisfy the lien or nuke one or more of the actions.set fortlt above within 10 days
ol•n giving of notice.
S. Hazard Insurance. Borrower shall keep the improvements stow existing or hereafler greeted on the Property
histaedt against hiss by lire, hazards included within the term "extended coverage" and any oth ^r hazards for which Lender
requires insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
insurance carrier providing the insurance shall he chosen by Borrower subject to Lenders approval which shall not be
unreasonably withheld.
All insurance policies and renewals shall be aclrvptnblr. to Lender and shall include a standard mortga, ;louse.
Lender shall have the sight to hold the policies and renewals. If I ender requires, Borrower shall promptly give to Lender
all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give Pro : ;•p t notice to the insurance
carrier and Lender. Lender may make proof of loss if rut nude promptly by Borrower.
Unless Lender and Borrower otherwise agree in writing, insurance proceeds s hall he applied to restoration or repair
of the Property damaged, if the restoration or repair is economically feasible Lind, Lender's security is not lessened. If the
restoration or repair is not economically feasible. or Lender's security would be !asterism, the insurance proceeds shall be
applied to the sums secured by Iii: Security Instrument, whether nr not him' due, with any excess paid to Burrower. If
Borrower abandons the Property. or does not answer within 10 days a notice from Lender that the insurance carrier has
offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
the Prope:ly or to pay sums secured by this Security Instrument, wLether or not then due. The 30.day period will begin
when the notice is given.
Unless Lender and itot rower otherwise agree in writing, any application of proceeds to principal shall not extend or
postpone the due date of the monthly payments referred to in paragraphs I and 2 or change Inc amount of the payments. If
under paragraph 19 t.: Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
from damage to the Property prior to the acquisition •ha't pass to Lender to the extent of the sans ;,ecured by this Security
Instrument immediately prior to the acquisition.
S. Prescrvatinn and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially
change the Property, allow the Property to deteriorate nr commit waste. If this Security instrument is on a leasehold,
Borrower shall comply with the provisions of the Ieat :, and r.' Borrower acquires fee title to the Property, the Ieasehnld and
fee title ..hall not merge unless lender agrees to the merger in writing.
7. Protection of Lender's Rights In the Property; Mortgage itisuranec. If Borrower fails to perform the
covenants and agteetnents contained in this Security Instrument, or there is a legal proceeding that may significantly alTect
Lender's rights in the Property (such as n proceeding in bankruptcy, probate, for condemnation or to earoree laws or
regulations). then (.ender may this nod pay for whatever is necessary to protect the value attic Property and Lender's rights
in the Property. Lender's actions may include paying any suns secured by n lien which.hns priority riser ibis Security
fees Instrument, appearing in court, paying reasonable attorneys' fe and entering on the Prolicety. to make repairs. Although
Lender may take action under this paragraph 'l, I ender fines not have to do so.
Any amounts disbursed by Lender under this paragraph 7 shim become additinnnl debt of Borrower secured ty this
Security In!trtnncnl. Unless Borrower and Lender agree to other terms of payment. these amounts shall hear interest from
the date of disbursement at the Note rule aoa shall be payable, with intcr!,t, upon 40tiee from Lender to Borrower
requesting payment.
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If Lender required mortgage insurance as a condition of making the lonn secured by this Srcurity 1 ;,• :. Jment,
Borrower shall ply the premiums required to maintain the insurance in erect until su.h time ss the requirement for the
insi.rmice terminate, ill nccurd:mcc with Borrower's and Lender's written agreement or applicable law.
R. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
shall give Borrower notice at the time of or prior to an inspection ,pecifying reasonable cause for the inspection.
9. (. nndsmnntlan. 1 he proceeds of any award or claim far damages, director consequential, in confection with
any condemnation or other Inking of any part of the Properly, or for conveyance in lieu of cnnticmnution, are hereby
assigned and shall be paid to Lender.
In the event of a total Inking of the Property, the proceeds shall he applied to the sums secured by this Security
Lmstrnment, whether or not twit due, with any excess paid to Borrower. In the es it of a pnrtin! tak(nd of the Property,
V unless Dori twee and Lender otherwise agree in writing, Iltc sons seemed by this Security Instrument shall he reduced by
"c" the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums screwed immed(atety
before the taking, divided by (h) the fair market vnlue of the Property intmcdintcly before the Inking. Any balance shell he
.. paid to florrow.;.
If the Propel ly is al andoned by Borrower, or if. after notice by Lender in Borrower that the condemnor offers to
Q make an award or settle a claim far damages, iorrower (ails to respond to is lfiteI within 30 days after the data the notice is
• given. Lents :• authorized to collect and apply the proceeds, it its np.ii n. either to restoration or repair of the Property or
00 • to the sums seemed by this Security Instrument, whether or not then slue. ..: • ,, ,
Unless Lender and Bortnwer otherwise agree in writing, any application of proceeds to principal shall not extend en
postpone the doe time of the monthly payments referred to in parngraphe 1 and 2 or change the amount of set h payments.
It). Borrower Nnt Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
modification of amortilatiou of the sums seo.urea by this Security Instrument ranted by Lender to any successor in
interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
Lender shall not `se required to commence proceedings against tiny successor in interest or refuse to extend time for
payment or otherwise modify amnrtizntian of the sums secured by this Security instrenrenfby reason nfany demand made
by the original Borrower or Borrower's successors in interest. Any rotbcaranee by Ltiudefinotercising any right or remedy
shall not he a waiver of or preclude the exercise ofnny right or rued).
11. Successors and Assigns Bound; Joint and Several Liability; Co•stgners. The covenants and agreements Of
this Security Instrument shall hind nod benefit the successors nnd assigns of Lender und Borrower, subject to the provisions
of paragraph 17. Borrower's covenants and agreements shall be joint and several. Aay Borrower who cosigns this Security
Instrument but does not mecum. the Note: (a) is cosigning this Security loll umenn only to mortgage, gnat and convey
that Borrower's interest in the Propel-1.: under the terms of this Security instrument; (b) is not personally obligated to pay
the sums secured by this Security Instrument; end (c) agrees that Lender and any other Borrower may agree to extc..d,
modify, forbear or make any accommodations with regard to the term% of this Security Instrument or the Note without
that Borrower's consent.
12. I.nna Charges. If the loan secured le this Security instrument is suhyect to a law which sets maximum lour
charges, and that law is Einar/ interpreted so that the interest or other Ivan charges collated or to he collected in
connection with the loan exceed the permitted limits, then: (a) any such loan charge shall he reduced by the amount
necessary in reduce the charge to the permitted limit; and (h) any stuns already collected from Borrower which exceeded
permitted limits will he refunded to Borrower, Lender may choose to mac this refund by «toeing the principal owed
tinder the Note or by making o direct payment to Borrower. Ifa refund reduces principal, the reduction will he treated as u
partial prepayment without any prepayment charge under the Note.
13. Legislation Affecting Lender's Rights. If enactment or expi-ation of applicable lows has the effect of
rendering any provision orate Note or this Security Instrument unenforceable according to its terms, Lender, at is option,
may -squire imm.diate payment in full of nil sums secured by this Security Instrument and may invoke any remedies
permitted by paragraph 19. If Lender exercises this option, Lender shrill take the steps specified in the second paragraph or
paragraph 17.
!J. Notices. Any notice to Borrower provide; for in this Security Instrument shall be gis en by delivering it or by
mailing it by first cla• . mail unless upplicable law requires use of another nmcllust. The notice shall ea: directed to the
Property Address or any oilier address Borrower designates by notice to Lender. Any notice to Lender shalt be given by
first class nu.o:i to Lender's address soled herein or any other address Lender by entice Io Borrower. Any notice
provided for in this Security Instrument shall be deemed to have beets gi :.a u t (wallower or I.entk't• when given as provided
in Ibis paragraph.
IS. Governing Law; Severnbility. 1 his Securi4 Instrument shell be governed by federal law and the law of lib:
jurisdictiou in which the I'•.operly is located. In the event that any in mishit) or clause of Ihis Security Inetrutnett or the
Nolo contlias with applicable law, such conflict shall not atrect other provisions of this Security Instrument or the Note
which can he given effect without time conflicting provision. To this end the provisions of this Security instrument and the
Note are declared to he severable.
16. Borrower's ropy% aorrosver shall he given one conformed copy of the Note mod of this Security Instrument.
17. Transfer of the Property or a Beneficial Interest in Borrows :. If all or any part of the Property or any
interest in it is sold or transferral (or if a beneficial interest in Borrow:: :s sold or transferred and Borrower is not a natural
person) without I.cm.lcr's prior written consent, Lender sway, at its option, require immediate payment in full atilt sums
+neared he this Security Instr.: meal. Ilawevcr, this option shall tint he exercised by Lender if exercise is prohibited 1y
federal law as oft.: date of this Security Instrument.
If d ender exercises this option, Lender shall gis a Borrower notice of acceleration. The notice shall provide a period
of not less :h:ut 30 i• vs from the da :e the notice is deiivru ed or mailed within which Borrower must pay all sums t eetired by
:his Security Instrument. It Borrower fails to pay these stints prior to the expiration of this period, Lender may invoke any
remedies permitted by this Securite Instrument without further notice or demand tau borrower
IR. Borrow cr's R!ght In i(einstnte, Ir Borrower meets certain continuum, horn er,' shall hose time right In have
rutitrecmeni of this Ceeuriiy Instrtanent discontinued in any tune prior to the earlier sd• (u) t•ilnys (or well other ;nebulas
applteohlr 6.w• new specify for reinstatement) helisre sole of mite roperly pursuant in ally power of sxi; contained in this
Security Instrument; or (h) entry or judgment enforcing this Security Instrument. Those con4itiots arc that Burrower:
its) pays Lender all sums which then would ie clue under this Security Instrument and the Note bud no acceleration
occurred; (b) cores nn) delSult of .m Wier covenants or agreements; (c) pays ull expenses incurrest in enforcing this
Seetotty (muumuu', including. hut not limited :o, ressunnblc ntlorney -: fees: and (d) take such ac►ton as Lender may
rcasonahly require to assure that the lien of this Security Instrument, Lender's rights in the Property and P
uhlibanun In pay the sums secured by this Security instrument shall continue um- hanged. Upon reinstatement by
Lorrowcr, this Security Instrnmcoi and the obligations secured h "r.hy shall reoia n fully erictiec as if tilt aeeekratiom had
oceutmcd. ) h.w:ver, this aichl to reinstate shall not apply in the case ufnceeleratio n under paragraphs 13 or ;7.
N04.LIN11 nwM C1)VV'... 15. IlurruNer and Lender further covenant and agree m I
19, Acceleration; itcr,ICdies. Lender shnll give notice to Borrower prior to acceleration fnllnoIna Ilnrrowrr's
breath deny covenant or agreement In this Security Instrument (Intl nut prior to accclerntian under parnRreph' 13 and 17
• ; , . ,, , .; : :. • unlace appllcnbie yaw provide' otherwise). The notice shall specify: (a) the default; (b) the action required to cure the .o
default; (e) u dale, n,.t lest lhnh JO duyt (rim the dale the Ilhtlte k {liven to Borrower. by it hleh the deLtull mull hr cured;
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and (d) that failure to cure the default mt nr before the date specified In the notice may result In nccch:ration of the sums
secured hy this Security Instrument and sale (tithe Property at public aucllnn at n dote not less than 120 days In the home.
The nonce shall further Inform narrower of the right in reinstate after acceleration. the right In brine a court action la
assert the nnn•exlstcnce of a default or nny other &fen of Borrower to uccelcrallnn and sole. and any other manes
require) In he Included in the notice by npplicnblc In*, I the default is not cured on or before the dote specified In Cie
yet notice, Lodes at its nation may require immediate payment In fall of all sums secured hy this Security Instrument whhnul
'V further demand and nuty Invoke the power of sale and any other rcmedlos permitted by applicable law. l.endtr shall be
M entitled to collect all expenses Incurred In pursuing the remedies provided In this paraa'.Nh 19, Including, but not limited
In, rensnnallts attorneys' fees and costa of title evidence.
vole
If Lender Invokes the power of sale, (.ender shall give written nnllce to Trustee of the occurrence of an ..vert of
6 default and of Lender's election to cause the Property to be sold. Trustee and Lender shall take such action regarding
Q notice of side and shall give such notices to Borrower and to other persons as applicable law nay require. After the time
W req'lred by applicable law and after pnhlIcalion of the notice of 1111c. Trustee, without demand on Burrower. shall sell the
Property at public auction to the highest bidder at the time and place and under the terms designated In the notion( sale In
one or more parcels and in any order Tri'stcc determines. Trustee may postpone sale of the I'roperly for a period or periods
permitted hy applicable law by public omtuuncemeni at the time and place ken In Ilse notice of sale, Lender or Ito designee
may purchase the Property at any sale.
Trustee shall deliver to the purcuascr Trustee's deed conveying the !'roperty without any covenant or warranty,
expressed m implied. The recitals In the Trustee's decd shall be prime facie evidence of the truth of the statements made
therein,' Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of t)✓•:,; .•, including, but not
limited to, reasonable Trustee's and attorneys' keel (b) to all sums scored by this Security Instrument; and (c) any excess
to the person or persons legally entitled to it or to the clerk of the superior court of the county in which the sale took place.
20. Lender in l'ussess(nn. Upon acceleration wader paragraph 1') or ahamdnnment of the Properly. Lender (in
per..nn, by agent or 1•y Judicially appointed r.ecuver) ,hall be entitled In enter upon. talc p „inn ,d' amt m c the
Property and lo collect the rents of the Property Including these past due. Any rents enllcctcil by Lender or the t eeetcer
shall be applied first to payment of the e'sts or ns :ur';enient of the Property and .nllecliuu of rents, including. but not
iituited in, receiver's fees, premiums on receiver: bonds and reasonable attorneys' fees. and then to the sums secured by
this Security Instrument
21. Rcconvcyance. Upon payment of all sums se,. :cd by this Security Instrument, Lender shall request Trustec to
rcconvey the Property and shall surtender this Security Instrument and nil notes evidencing debt secured by this Security
lnslniment to Tnsslee. Trustee shall rcconvey the Property without warranty and without charge to the person or persons
legally entitled to it. Such person or persons shall pay any recordalinn costs.
22. Substitute Trustee, in accordance with applicable law, Lender may from time to time appoint a successor
trustee to any Trustee :'ppointcd hereunder who has ceased W act. Without conveyance tit the Property, the successor
trustee shall succeed tn;,ll the title, mower and chilies conferred upon Trustee herein and by applicable law.
23. Use of Properly. The Property is not used principally for agricuhutal or limning purposes.
24. Riders to this Security instrument. If one or more riders tire executed by Borrower and recorded together with
This Security instrument, the covenants and agreements of loch such rider shall be incorporated into and shall amend and
supplement the eovcnnot., and dgrec••icols or this Security Instrument as if the rider(s) were a parr of Ibis Security
instrument. (Check applienld” box(cs))
(] Adjustable Rule Rider 0 Condominium Rider 0 2•-I Fancily Rider
I�I Graduated Payment Rider j] Planned Unit Development :Hider
Olher(s) [specify]
IiY SIGNING 111(1.0W, Borrower accepts and agrees to the terms and covenants contained in this' Security
Instrument and in any ridrr(s) executed by Borrower and recorded w•itls it.
‘-�R rrg' `.4t 44•:;- il'' (Seal)
REill {CCA S. KEESLIIIC
vim, . \, %."
Mt1RY ..) C1 SLING
!Span Wow This lin. rat ).00o.1edamenn
(Seal)
�.aa.towe.
STATE OF WASIBNC.'rON, king County so;
On this .... 0 day of June. 19 .86 . before me the undersigned, a Notary Public in and for
for the State of Washington. doily commissioned and sworn, personally appeared . RShSSC(1 .S..Kggn.•.ng .4q0
, , , • , ;1ary . . Kr'a l.i ng to • ie known us he it indisi dual(s) described iu
and who es 'CUM; the lorcgub•g instone :n1, and acknuwleduuu Io m: that [!fey ,ng ned and scales the
said Instrument as choir free and salunbu us
y act and decd. for the es• and purposes therein mentioned.
WI'lNESS my hand and offteial seal affixed sloe day and y^a in tin eatinieatc aht.v
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�fy Canunlsd '"
on exports: "• / • Y2 / / CF,(4,e
rloaut rup 1u• um!.41 )0 al Wa:n,nawn tiodma 01, ..........
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REQtiL•ST FOR I /liY
Tn TR11STf?F.:
The endersiened Is the holder .,1 '!tie (tote or motes second by this Deed of Tutu. Said note or notes. together with all
other l,ulehtedress secured le, :Its Dyed of feast, (lase been paid in full. You ace heresy diieeteJ 10 caned •aid note or notes
and this heed of frost, ,vhn h are delivered hcrrhy, atm us rcconvey, without scan ;;ni , all the mule nnw hel,I hy you under
feet of Tt In the poom of pr.snm Icgally entitled tl,rtem.
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