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HomeMy WebLinkAbout1993 - Deed of Trust - Calibuso Sandra / Erickson and Barkshire - 9306092553 9306092553 Piled for Reword at Request of Naas.. ERICKSON 6 BARKSHIRE Address... Q 4.1.1•Il ..f $ t City and Sate._Air112.!f.119. lUELQ.& - ......»..... WA - Ie nr' •a n OY OID ►a strosotrs u+r, Deed of Trust (For Use in the State of Washington Only) THIS DEED OF TRUST, made this 18th day of June , 19 9 3..., botwsen SANDRA F. CALIBUSO, s single person ,GRANTOR, whose address Is 15843 — 47th Ave. S., Seattle, WA 98188 FIRST AMERICAN TITLE INSURANCE COMPANY, a corporation, TRUSTEE, whose address. is 4th and Blanchard Bldg., Seattle, WA 911121 Efa;XCISSON 6 BARKSHIRE, P.S. PROFIT SHARING RETIREMENT PLAN BENEFICIARY whouaddrusia 10801 Main St., Suite 100, Bellevue, WA 98004 WITNESSETH: Grantor hereby bargains, fella and conveys to Trustee in Trust, with lower of sale, the following described real property in King . County, Washing PARCEL A: Lot 1, City of Tukwila Short Plat No. L92 -0077, recorded und er King County Recording No. 9302021677, being a portion of: The west half of the southwest quarter of the southeast quarter of the southeast quarter of the southeast quarter of Section 22, Township 23 north, range 4 east, W.M., King County, Washington; EXCEPT no • ee , east 82 feet thereof ND EXCEPT that portion thereof conveyed for county road purposes; ALSO KNOWN AS Lot A of City of Tukwila Lot Line Adjustment recorded under Recording o. 9209100847. RCEL B: The south 65 feet of the north 130 feet of the west half of the southwest quarter of the southwest quarter of thN southeast quarter of the southeast quarter of Section 22, Townshf(:r'? north, range 4 east, W.M., in King County, Washington; EXCEPT the south 3.48 feet lying west of the east 82 feet thereof; ALSO KNOWN AS Lot B of City of Tukwila Lot Line Adjustment recorded under Recording No. 9209100847. which real property la not used principally for agricultural or farming purposes together with all the tan. ementa, hered(trmenta, and sppurtsnances now or hereafter thereunto belonging or in any wise apper• taming, and the rants, issues and profits thereof. This deed is for the purpose of securing performance of each agreement of grantor herein contained, and payment of the rum Thousand and no/ Dollars (8 25 with interest In accordance with the terms of • promissory note of even data herewith, payable to Bane. ticiery or order, and made by Grantor, and all nnswats, modifications and extensions thereof, and also such further sums as may be advanced or loaned by Beneficiary to Grantor, or any of their successors or assigns, together with interest thereon at such rate u shall be agreed upon. To protect the security of this Deed of Trust, Grantor covenants and agrees: 1. To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being built or about to be built thereon; to restore promptly an building, structure or improvement thereon which may be damaged or destroyed; and to comply with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the property. •.•......,. ...^' :: • t'") U) N 0 tT 8 C'7 2. To pay before delinquent all law' ' 'use and aseessments upon the property; to keep ther- - narty free and riser of all other charges, liens er encumbrances iin g lb. security of this Deed of Trust 3. To keep all building new or Iv' r erected at the property described herein eontinuou!' aseinst lose by Are or other hesarde in an amount net Isla the ntal debt secured by this Deed of Trust. All uncle be Mid by the Beneficiary. and be in such companies as the Bomb. j may approve and have lose payable Ant to the Dori y, u Its Interest may sppear, and then to the Grantor. The amount collected under any Insurance policy may be applied upon a„ .ndebtedn es hereby secured in such order as the DeneAeiary shall determine. Such application by the Beneficiary shall not roues discontinuance of any proceeding to foreclose this Deed of Trust. In the event of foreclosure, all rights of the Grantor In Insurance policies then in force shall pow to the purchaser at the fond;+surs ale, 4. To defend any action or proceeding purporting to affect the security hereof sr the rights Sr powers A el Den.dry a er Trustee, and eding n sit and y su broouughtlbiBen�dary Uto and Tout in • reasonable amount, In any such 'citron or pw• se b. To pay all costa. fees and expenses In connection with this Deed of Trust, including the espouse of the Trustee incurred In en• forcing the obligation secured hereby and Trustee's and attorney's Ices actually Incurred, as provided by statute. S. Should Grantor fail to pay when due any tames, asesnrnenta, insurance premiums, (fens, encumbrances s or other chargRes against the property herelnabove described Beneficiary may pay the same, and the amount so id, with interest at the rate set forth to IM note secured hereby, shall ba added to and become a part of the debt secured In this Deed of Trust. iT IS MUTUALLY AGREED THAT: • , • I. in the event any portion of the property Is taken sr damaged in an eminent domain proceeding. the entire amount of the award or such portion as may be necessary to fully satisfy this obligation enured hereby, shall be paid to Beneficiary to be applied In said obligation. 2. By accepting payment of any sum secured hereby after Its due data, Beneficiary does not waive Its right to require prompt pay. ment when due of all other suns se secured or to declare default for failure to se pay. 3. The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto, on written request of IM Grantor and the Beneficiary, or upon satisfaction of the obligation secured and written request for re conveyance made by the Beneficiary or the person entitled thereto. 4. Upon default `y Grantor In the payment of any Indebtedness secured hereby or in the performance of any agreement contained herein, all sums secured her�eby. immedlat.ly become due and payable at the "option of the Beneficiary. In such event and upon written request of Beneficiary, Trustee shall sell the trust property, In accordance with the Deed of Trust Act of the Sints of Wash• lotion, at public auction to the highest bidder. Any person except Trustee may hid at Trustee's sale. Trustee shall apply the proceeds of t se h e sale as follows: (I) to the *sperms of the sale, including • reasonable Trustee's fee and attorney's fee; (2) to the obligation secured by this Deed of Trust; (3) the surplus, If any, shall be distributed to the persons entitled thereto. IS. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the Interest in the properly which Grantor had or had the power to convey at the time of his execution of this Deed of Trust, and such as he may have acquired thereafter. Trustee's deed shall reelte the facts showing that the soh• was conducted in compliance with all the rr• quirements of law and of this Deed el Trust, which recital shall be prima fade evident* of such compliance and conclusive evidence thereof in favor of bona fide purchaser and encumbrancer. for value. S. The power of isle conferred by this Deed of Trust and by the Deed of Trust Act of the Slate of Washington is not an exclusive remedy; Beneficiary may cause this Deed of Trust to be foreclosed as a mortgage. 7. in the event of the death. Incapacity, disability or resignation of Tnuta, Beneficiary may appoint In writing a eurr+ruur trustee, and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is rearnled, the sacceseor trustee shall be vested with all powers of the original trustee. The trustee is not obligated in notify any party hereto of pending seta under any other Deed of Trust or of an action or proceeding in which Grantor, Trustee or ieneficiary shall he party unless such action Cr proceeding I. brought by the Trustee. • S. This Deed of Tun appltos to, inures to the benefit of, and is binding not only on the parties hereto, hut on their heirs, devisees, legates., administrator eeuton and assigns. The term Beneficiary shall mean the holder and owner of the note secured her•hy, whether or not na ry herein. STATE OP WAS l COUNTY On this day personally appeared before toss SANDRA F. CALIBUSO to me known to be the individual described in and who executed the within and foregoing instrument, and acknowledged that She signed the same as her free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this • / day of June_ _......_... e nd for the Stale of Wash- <27. - - residing at. TO: TRUSTER. The undersigned is the legal owner and holder of the note and all other Indebtedness secured by the within Deed of Trust. Said note, together with all other indebtedness secured by said Deed at Trust, has been fully paid and satisfied; and you ere hereby re• quested and directed, on payment to you of any sums owing to you under IM terms of said Deed of Trust to cancel said note stove mentioned, and all ether w n ides of Indebtedness secured by said Deed of Trust delivered to you herewith, together with the said Deed of Trust, and to reconvey, without warranty, to the parties designated lanes of by the lan of to Deed of Trust, all the estate now held by you thereunder, lst..! ............. ......_.. »........,. ».,_ .._.,., .. SANDRA ,, CA .I STATE OF WASHINGTON l J re. COUNTY OR... ...._._.. Oa this ,__. day of Ie... ........, before me, the undersigned, a Notary Public in end for the State of Wash- ington, duly commissioned and sworn, personally appeared and. _ to ma known to be the President and Secretary, respectively of t he corporation that executed the foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said rumor. alien, for the uses and purposes therein trentit.ned, and on oath elated that authorised In •ascots the said Instrument and that the seal iRtsed is the corporate seal of said corporation. Witness my hand and official end hereto affixed the day and year first above written. Notary Public in and for the Slats of Washington, REQUEST FOR FULL RECONVEYANCE Do nos wort T. be used only when note has ►arm pled.