HomeMy WebLinkAbout1990 - Deed of Trust - Nickels J Mark / Chicago Title Insurance Company - 9008231010
9008231010
AFTER RECORDING RETURN TO:
AMERICAN MORTGAGE CORPORATION
25748 - IOIst Ave. S.E., 1201
Kent, WA 98031
Mate of Washington
(span Abate leaf. Uwe In Nerwr41.i Ilatal
DEED OF TRUST
1 IIIS IMO) OF TRUST ("Security Instrument "I is Made Oil
I
be grantor is
J. MARK NICKELS and NADYNE NICKELS, HUSBAND AND WIFE
which has the address of 3730 SOUTH 142ND ST. SEATTLE
1v ashington 98168 I/11' •
' (kl. ( Address"):
t -
(10 4GIWAI
tare l ..1 4
HCc:l.1.0 :tilt: DAY
Auci!J I 471" '9J
F'
,
[MA (4.r No.
561- 5453098 -703
LOT 13, BLOCK 2, JAPES CLARK'S GARDEN ADDITON TO THE CITY OF SEATTLE, ACCORDING TO THE
PLAT THEREOF RECORDED IN VOLUME 13 OF PLATS, PAGE 12, IN KING COUNTY, WASHINGTON.
MIEP[Mir
[APR19
CITY 01- TUtt/v
PLANNING Dr
August 3rd . 90 •
1"Horrowcr " ). flu: trustee is CHICAGO TITLE INSURANCE COMPANY, A CORPORATION
701 FIFTH AVENUE - SUITE 1800, SEATTLE, WASHINGTON 98104 ( "Trustee"). The beneficiary is
AMERICAN MORTGAGE CORPORATION, A WASHINGTON CORPORATION
which is organised and existing under the laws of the state of Washington • and whose
address is 4454 CALIFORNIA AVENUE SOUTHWEST, SEATTLE, WASHINGTON 98116
( "Lender "). Horrower owes Louder the principal sum of
Ninety -Nine llwusad Sever Hundred Fifty-One and 143/1E0***********
I)ollars (U.S. S ---9t),751.00 1. This debt is evidenced by Borrower's note dated the same date as this Security
C Instrument ( "Note "), which provides for monthly payments, with the full debt, if not paid earlier. due and payable on
1.4 September 1st 2020 • This Security Instrument secures to Lender: (.) the repayment of the debt evidenced
n by the Note. with interest, and all renewals. extensions and modifications; (b) the payment of all other sums, with interest.
W.- ads awed under paragraph 6 w protect the security of this Security Instrument; and (c) the performance of Borrower's covenants
and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to
Trustee. in trust. with power of sale. the following described propeny located in
T KING
County. Washington:
90/08/23 0101n IR
RECD F 9.00
RECFEE 2.00
CASHSL ** *11.00
'Nowt, (lt>
Fo(itil 111:1( WI 1 H all the improscment. now or hereafter erected on the property. and all casements. rights. appurtenances.
tents. royalties. mineral. oil and gas rights and profits, water rights and stock and all fixtures now ar hereafter a part of the
property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred
at in this Security Insr amen' as the "Property."
Il0KROWI•.R (•()YI•NAN'IS that Burrower is lawfully seised Of the estate hereby conveyed and has the right to grant
and consey the Property and that the Property is unencumbered, escept•1'ur encumbrances of reword. &urower warrants and
will defend general's the title to the Property against all claims and demands. subject to any encumbrances of record.
1. Payment of Principal. lalerest and Late Charge. Horr shalt pay when due the principal of. and interest on, the
debt evidenced hs the None and late charges due under the Note.
2. Mtonlhlh Pay meat. of Tame.. Inweenve and t)Iher Charges. Harrower shall include in each monthly payment. together
such the pnn:mai and tntetest ,ts N•1 t■n's in the Note and any late charges, an installment of •any tat fast•s and ■pc.ial assessments
tested ,tt to he tested agasmi the Praperts. Iht leasehold payments ur ground rents on the Property. and (.1 premiums for
muuau:r tetpnted h% t 4.
5115 w a.ea Itre• NI Iraq • 12 111
1 .1. h 1111 nu1111 u1.Iallment for items (a). 4h), and tel shall equal one -tutIII h ol the annual amounts, as reasonably estimated
11s 1 tide:, plus an amount II 11 iuLnl to maintain an additional balance of not more than t•ne•ststh of the estimated amounts.
I hr 11111:111111141 ;I noun lot each itcm shall be accumulated by Lender within a period ending one month before an item would
1' .11nte delinquent. 1 ender shall hold the amounts collected in trust to pay items lal. Ib). and (c) before they become delinquent.
It a4 :us time the total oI tI!e payments held by. Lender for items (al. (hl, and M. together with the future month). payments
101 such ncms pas able to I elide! prior it) the due dates of such item,. exceeds by more than one-sixth the estimated amount
,o pasntc to pay cacti items when due. and if payments on the Note are current. then Lender shall either refund
11•e excess osei onc•s!sth of the estimated payments or credit the excess over one-sixth of the estimated payments to subsequent
p m hs Ilonuwcr, at the option of [Sommer. If the total of the payments made by Borrower for item (a). (h). or (e) .........+.1Q
on of Kline the date the item becomes due. 1s uIsutlnteu! lo pay the item %%lien due. then Borrower shall pay to Lender any amount necessary to make up the deficiency j J_ F:
L� m § w
\s used in this Security Instrument. –Secretary" means the Secretary of Housing and Urban Development or his or her a CI
:e
desnee. dust Security Instruments in•urcd by the secretary are insured under programs which require adsance payment of Vr
4111 enure mortgage Insurance premium. It this Security Instrument is or was insured under a program which did not require L --=' — ' a) I I-- Z
ash :iiwe payment tit the entire mortgage insurance premium. then each monthly payment shall also include either: (1) an installment 1119 i e - t Q Z
of the annual mortgage insurance premium to be paid by Lender to the Secretary, or (ii) a monthly charge instead of a mortgage ( 1 i cx, Z
insurance premium if this Security Instrument is held by the Secretary. Each monthly installment of the mongage insurance iLt
1 premium shall he In an amount sufficient to accumulate _--
ulate the full annual mortgage insurance premium with Lender one month ii
prrur to the date the full annual mortgage insurance premium is due to the Secretary, or if this Security Instrument is held L " ...r: :_i -- fy
by the Secretary. each monthly charge shall be in an amount equal to one•twelfth of one•half percent of the outstanding principal
2 balance due on the Note. i
S
I i Ilortowcr tenders to I ender the full payment of all sums secured by this Security Instrument. Borrower's account shall
C he credited with the balance remaining for all installments for items (a). (b), and Ic) and any mortgage insurance prcmiutn
installment that lender has not become obligated to pay to the Secretary, and Lender shall promptly refund any excess funds
J) 10 Iotrower. Immediately prior to a foreclosure sale of the Property or its acquisition by Lender, Borrower's account shall
be credited with any balance remaining for all installments for items la), (b), and le).
3. Application of Payments. All payments under paragraphs I and 2 shall be applied by Lender as follows:
1 itsl, to the mortgage insurance premium to be paid by Lender to the Secretary or to the monthly charge by the Secretary
instead ol the monthly mortgage insurance premium, unless Borrower paid the entire mortgage insurance premium when this
Security Instrument was signed;
Second. to any taxes, special assessments, leasehold payments or ground rents, and lire. flood and other hazard insurance
premiums, as required;
•third. to interest due under the Note;
(north, to amortization of the principal of the Note;
Filth. to late charges due under the Note.
4. Fire. Flood and Other Hazard Insurance. Borrower shall insure all improsements on the Property, whether now in
, rststence or subsequently erected, against any hazards, casualties, and contingencies, including fire, for which Lender requires
insurance. 1 his insurance shall be maintained in the amounts and for the periods that Lendr• requires. Borrower shall also
insure all improtemcnts on the Properly. whether now in esistence or subsequently erected. against loss by floods to the extent
required by the Secretary. Alt insurance shall be carried with companies approved by Lender. The insurance policies and any
renewals shall he held by Lender and shall include loss payable clauses in favor of, and in a form acceptabk to. Lender.
In the es ern of Toss, Borrower shall give Lender immediate notice by mail. Lender may make proof of loss if not made
promptly by Borrower. Each insurance company concerned is hereby authorized and directed to make paym.rot for such loss
directly to (.ender, instead of to Borrower and to l.ender jointly. All or any part of the insurance proceeds may be applied
by 1 ender, at its option, either la) to the reduction of the indebtedness under the Note and this Security Instrument, first to
any delinquent amounts applied in the order in Paragraph 3. and then to prepayment of principal, or (b) to the restoration
or repair of the damaged property. Any application of the proceeds to the principal shall not extend or postpone the due date
of the monthly payments which are referred to in Paragraph 2, or change the amount of such payments. Any excess insurance
proceeds Met an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be
paid to the entity legally entitled thereto.
In the esent of foreclosure of this Security Instrument or other transfer of title to the Propeny that extinguishes the
indebtedness, all lighi, title and interest of Borrower in and to insurance policies in force shall pus to the purchaser.
. 5. Presersatioa and Maintenance of the Property, Leaseholds. Borrower shall not commit waste or destroy. damage or
substantially change the Properly or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect
the properly if the property is vacant or abandoned or the loan is in default. I.ender may take reasonable action to protect
and preserse such %actin' or abandoned property. If this Security Instrument is on a leasehold. Borrower shall comply with
the pros isiuns lit the (case. I f Borrower acquires fee title to the Property, the leasehold and fee title shall not be tnerged unless
Lender agrees to the merger in writing.
A. Changes to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all gosernmenlul or municipal
.halges, tines and Imposition• that are nut included in Paragraph 2. Borrower shall pay these obligations on time directly 40
the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's
request 11omm el shall promptly. Iurni,h to Lender receipts evidencing these payments.
I t Bori ass e, tails to make these payments or the payments required by Paragraph 2, or fails to perform any other coycnants
and:IFtecnu'nIs contained 111 this Secur Instrument, or there is a legal preceding that may significantly affect Lender's rights
1m 4441 Property fsnch as a proceeding in bankruptcy. for condemnation or to enforce Taws or regulations). then I ender May
do and Ns sshawser is necessary to protect the %aloe of the Property and Lender's rights in the Property. including payment
of t, hai:uJ insurance and other items mentioned in Paragraph 2.
Xis amounts disbursed by I ender under this :'atagraph shall become an additional debt of 1301 , 0wer and he secured
hs Oils "cools In5III)Itlelll. 'I Ilse :unount• shall hear u,efest 1111111 the date of disbursement, at the Note rate. and :11 the
„4 III 1 01410 . 'hall he ■nunedt,ud■ due and payable.
7. I Imitation. 1 b ntikeeds of any award o1 claim tar damages, direst or consequential, in conies• with any
.11ndenuu.luon tit odic, taking of any part of the P,uperty, or tut conscyance in place of condemnation, are henebs assigned
.owl .)..Ill Ice p,us w I endc, ti, Ih1 1 ill the 1 111 ant0unl ul the indebtedness that remains unpaid under the Note and on,
.cunt, histIII111C111• t enact shall :gg1h such pc tweeds to the reduction ol the indebtedness under the Note and this Security
1,1.11 ument. cur•t ter ant delinquent annum,. applied in the order pros ded in Paragraph 1, and then to prepayment of principal.
Pore 2 1,r 4
0
t4 !. 1 \ I 1 J
1 APR 1.91991
CITY OF TUlcvviLA
PI ANNiw( fFP,7',
Any application of the proveclls lo the principal shall not emend or postpone the due date of the moat Ty payments. winch e
are referred to in Paragraph 2. or change the amount of such payments. Any viers% proceeds over an amount required 10
pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto.
II. Fers. I ender may collect fees and charges authorized by the Secretary.
9. (.rounds fur Acceleration of I)rhl.
cal Default. Lender may, escept as limited by regulations issued by the Secretary in the case of payment defaults. require
immediate payment in lull of all sums secured by this Security Instrument if:
(1) Norruwer defaults by nailing to pay in full any monthly payment required by this Security Instrument prior (0
or on the due dale of the nest monthly payment. or
Iii) Bummer defaults by tailing. for a period of thirty days. to perform any other obligations contained in this
Security Instrument.
Ihl Sale Without Credit Approsal. Lender shall, if permitted by applicable law and with the prior approval of the
Secretary, require immediate payment in full of all the sums secured by this Security Instrument if:
nil All or part of the I'ioperty is otherwise transferred (other than by devise or descent) by the Borrower. and t
1611 The Property is not occupied by the purchaser or grantee as his or her primary or secondary residence. or the .
purchaser or grantee does so occupy the Property but his or her credit has not been approved in accordance with I
the requirements of the Secretary.
lel No Waiver. If circumstances occur that would permit Lender to require immediate payment in full. but (.ender
does nut require such payments. Lender does not waive its rights with respect to subsequent events.
Id) Regulalkoas of 1IUI) Secretary. In many circumstances regulations issued by the Secretary will limit Lender's rights
in the case of payment defaults to require immediate payment in full and foreclose if not paid. This Security Instrument
does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary.
10. Reinslatentenl. Idorrower has a right 10 be reinstated if Lender has required immediate payment in full because of
Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure
• proceedings are .nstituted. To reinstate the Security Instrument. Borrower shall lender in a lump sum all amounts required
to hring Borrower's account current including. w the extent they are obligations of Borrower under this Security Instrument.
en foreclosure cents and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding.
▪ Upon reinstatement by Borrower, this Security instrument and the obligations that h secures shall remain in effect as if Lender
or
• had n required immediate payment in full. However, Lender is not required to permit reinstatement il: (i) Lender has sectored
reinstatement after the commencement of foreclosure pra^adinp within two years immediately preceding Ilse commencement
of a current foreclosure proceeding. (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii)
"e • -:
▪ reinstatement will adversely affect the priority of the hen created by this Security Instrument.
11. Borrower Not Released: Forbearance By Leader Not a Waives. Extension of the time of payment or modification
of amortization of the sums secured by this Security hntrumetN granted by Lender to any successor in interest of Borrower
shall not operate to release the liability of the original Borrower or Borrower's successor in initial. Lender shall not be required
to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
of the sums secured by Ibis Security Instrument by reason of any demand made by the original Borrower or Borrower's successors
in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of
any right ar remedy.
12. Successors and Amigos Bound: Joint and Several Liability: Co-Signers. The covenants and agreements of this Security
Instrument shall bind and benefit the successors and assigns of Lender and Borrower. suhjcet 10 the provisions of paragraph
9.h. Borrower's covenants and agreements shall be joint and several. Any Borrower who cosigns this Security Instrument
but don not exevule the Note: 10 is co-signing this Security Instrument only to montage. grant and convey that Borrower's
interest in the Property under the terms of this Security Instrument: (b) is not personally obligated to pay the sums secured
by this Security Instrument: and le) agrees that Lender and any other Borrower may agree to extend. modify. forbear or make
any accommodation with regard to the term of this Security Instrument or the Note without that Borrower's consent.
13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
it b first class mail unless applicable law requires use of another method. The notice shall be directed lathe Property Address
it any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's
address stated herein or any address Lender designates by no rite to Borrower. Any notice prov ided for in this Security Instrument
shall he deemed io have been sisal to Borrower or Lender when given as provided in this paragraph.
14. Governing Law: Severabilhy. This Security Instrument shall be governed by Federal law and the law of the jurisdiction
in which the Property is located. In the cunt( That any provision or clause of ibis Security Instrument or the Note conflicts
with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given
effect without the conflicting pros ision. To this end the provisions of Ibis Security Instrument and the Note are declared to
be severable.
IS. Borrower's Copy. Borrower shall he given one conformed copy of this Security Instrument.
I6. Assignment of Rents. Iklrruwer unconditionally assigns and transfers to Lender all the remand revenues of the Property.
Borrower authnri,cs !.ender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property
to pay the rents to 1 ender or Lender's agents. However. prior to Lender's notice to Borrower of Borrower's breach of any
cosenam or agreement in the Security Instrument. Iklrrowcr shall collect and receive all rents and revenues of the Property
as trustee for the benefit of 1 ender and Ikmuwer. This assignment of rents eonslitutes an absolute assignment and nut an
as■ignmlent for additional security only.
11 1 ender gises notice of breach to Borrow a: cal all rents received by Borrower shall be held by Borrower as trustee for
benefit of 1 ender only. to he applied to the sums secured by the Security Instrument: lb) I. ender shall be emitkd ro collect
mid welt all of the routs of the Property: and Ic) each tenant of the Property shall pay all rents due and unpaid to Lender
or I ender 's agent on I ender'. w ritten demand to the tenant.
Boo Iowa has not eseruied any prior assignment of the rents and has no and will not perform any ael That would present
1 coder twin cserclsing its 'iglus under this paragraph 16.
I cutlet slcdi not be reunited It, enter upon. take control of or maintain the Property before or after giving notice of breach
to Bouowet. I losses et. I ender or a judicially appointed reeeisa may do so at any time there is a breach. Any application
of rents skill not cure or waiv arty default or invalidate any other right or remedy of Lender. This assignment of rents of
the I'ioir•1ny shall terminate w hen the debt secured by the Security Instrument is paid in lull.
VttN•l!NlI OR�f ('uvI:NANFS. Borrower and Lender further cotenant and agree as follows:
17. l'rrrrt•hrsure Procedure. If Lender requires immediate ps)meal in full under paragraph 9. Lender that Invoke the power
ref sak and am other remedies permitted b> spplkable law. Leader shall be entitled to collect all expenses incurred Is pursuing
the remedies provided in this paragraph 17. Including, but sal Walled 10. reasonable attorneys' fees and costs of lick evidence.
If Lender invokes she power of sak. Lender shall give written notice to Trustee of the occurrence of an eves) of default
and of Lender's election lo cause the Propel, to be sold. TwNee and Lender shall sake sots action regarding notice of sak
and shall Rite such notices to Borrower and to other persons es eppNcable law may require. Alice the time required by applicable
Ian and otter publication of Ibe notce of sak. Trustee. without demand on Borrower. shall seN the Properly at public auction
In the highest bidder at the time and place and under the teems designated in the Mkt of sale in one or Isere parcels and
ant in an) order Trustee determines. Trustee may postpone sak of she Property for it period or periods permitted by applicable
law h> public ennnuncemeNt at the lime and place fixed in the notice of sole. Lender or its designee may purchase the Property
at ant sak.
Trustee shall deliver to the purchaser Trustee's deed cons., tag the Prance, *Memo any covenant or warranty. expressed
or implied. The minds in Ise Trusace's deed shall be prints facie evidence of the truth of the oatmeal' shade therein. Trustee
shall apply the proceeds of the sak fa !se following order: (a) Is all expenses of the sak, kseluding. but not Noshed lo. reasonable
Trustees and attorneys' fees; (b) to all suss secured by this Secsxity Insinuation and Icy any excess In she person or penes'
kksiIy entitkd In it or to the clerk of the superior court of the county In which the sak look piste.
1*. Reconve >ane r. Upon payment of all sums secured by this Security Instrument. Lender shall request Trustee to reconvey
the Properly and shall surrender this Security Instrument and all notes evidencing debt secured by This Security Instrument
to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons kplly entitled
to it. Such person or persons shall pay any recordation costs.
19. Substitute Trustee. In accordance with applicable law. lender may from time to time appoint a successor Trustee to
C D any Trustee appointed hereunder who has ceased to act. Without conveyance of the Property. the successor trustee shall succeed
t'1 to all the title. power and duties conferred upon Trustee herein and by applicable law.
20. Use of Property. The Property is not used principally for agricultural or farming purposes.
CZ Acceknlion Clause. Borrower agrees that should this Security Instrument and the nose secured thereby not be eligible
in for insurance under the National Housing Act within 12 months from the date hereof. Lender may, at
Oils option and notwithstanding anything in Paragraph 9. require immediate payment in full of aU sums secured by this Security
C Instrument. A written statement of any authorized agent of the Sevretary dated subsequent to 12 months
Tfrom she date hereof, declining to insure this Security Instrument and the note secured thereby, shall be deemed conclusive
proof of such ineligibility. Notwithstanding the foregoing. this option may not be exercised by Lender when the unavailability
of insurance is solely due to Lender's failure to remit a monpge insurance premium to the secretary.
Riders to Isis Security Issitussesl. If one or more riders are executed by Borrower and recorded together with this
Security Instrument. the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants
and agreements of this Security Instrument as if the rider(s) were in a part of this Security buurumem. (Check applicable box(es))
0 Condominium Rider Adjustable Rate Rider Growing Fluky Rider
0 Planned Unit Development Rider Graduated Payment Rider Other
BY SIGNING BELOW, Borrower accepts and agrees to the +� y t,• Y1 cu 1 / any riders)
executed by Borrower and recorded with it.
W
(Seal)
STATE OF WASHINGTON
County of
KING ss
On this 1 SDI day o AUGUST A. D. 19 before me. the under.
duly caessiMened
signed. a Notary Public in and for the State of WASHINGTON
and sworn. personally appeared J.!lARK NICKELS
to me known to be the individual described in and who attested the foregoing instrument for 8IS and
as attorney in fact of NADYNE NICKELS also therein described, sad acknowledged to me that
HIS signed and sealed the same NICKELS voluntary act and deed and as the free and voluntary net and deed
of the said. — for the uses and porpoise tb mentioned. and on oath
stated t{, A r DYN '�,c Ep§Tt<kEtrI LS t atourney suthorizina the execution of this inerga e t has not b revsked and dear the mid N .ry
is now living. >:'; /0:0 . • "' «••
WITNESS my hand and official seat hereto affixed the day a r itl f .1titiriah *aboyre written.
a. •• w e i
WASHINGTON
• mow, • • • SEATTLE
MY COMMISSION EXPIRES 6/27/93
Form 1. 31 (Acknowledgment by Sell and se Attoresy to Peet. Pioneer NI
'r "
(Seal)
oaar
•tlwrosar
al)
B.31g1D
APR ? 9 199
TTY OF TUKWILA
PLANNING DEPT.
NON•UNII.OKM COVENANTS. Borrower ower and Lender further covenant and asree as follows:
17. Forn•hnerre Procedure. If Lender requires immediate payment in fall Yoder psegtrapts 9. Lender may Invoke the power
of sale and any other remedies permitted by applicable law. Lender shall be entitled M rolled all espouses Incurred In pureeing
the remedies pros ides in this paragraph 17. including. boot not limited 1o. reasonable attorneys' fees and costs of title evidence.
If lender intakes the power of sale. Lender shall Rive written notice to Truster of Ibe occurrence of an event of default
and of Lender's election to cause the Properly to be sold. Trustee and Lender shall lake secb action regarding notice of sale
and shall Our such notices to Borrower and to other persons as applicable law may requite. After the time required by spplkable
law and suer publication of the notice of sale. Trustee. without demand on Borrower. shall sell the Property at public mutton
to the highest bidder at the lime and place and fader the terms designated is the twice of sale In one or more parcels and
in any order Trustee determines. Truster may postpone sale of the Property fors period or periods permitted by applicable
law by public announcement at the time and place fined In the notice of sale. Leader or its designee may purchase the Properly
al any sale.
Trustee shall deliver to she purchaser Trustee's deed conveying the Property without any covenant or waransy. expressed
or implied. The recitals In Me Trustee's deed shall he prima facie evidence of she Irasb of the statements wade therein. Trustee
shall apply the proceeds of she sale in the following on er: 4.) to sod expenses of the sale. Methodism. bed sot Undled Ia. reasonable
Trastee's and attorneys' fees: lb) 10 all suss secured by this Security Instrument: and lel any excess to the person or persons
legally entitled to is or to she clerk of the wpe kot court of the county in wbkh the sale look place.
11. Recunveyanee. Upon payment of all sums secured by this Security Instrument. Lender shaU request Trustee to reconvey
the Property and shall surrender this Security Instrument and all roles evidencing debt secured by this Security Instrument
so Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled
to it. Such person or persona shall pay any recordation costs.
19. Substitute Trustee. In accordance with applicable law. Lender may from time to time appoint a successor trustee to
Q any Trustee appointed hereunder who has ceased to act. Without conveyance of the Property. the successor trustee shall succeed
7. to all the title. power and duties conferred upon Trustee herein and by applicable law.
two
-04 21. Use of Property. The Property is nos used principally for agricultural oe farming purposes.
C'7 Acceleration Clawe. Borrower agrees that should this Security Instrument and the note secured thereby net be eligible
for insurance under the National Housing Act within 12 months from the date hereof. Lender may, at
Oils option and notwithstanding anything in Paragraph 9. require immediate payment its full of aU scums secured by this Security
C Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 12 months
.'from the date hereof. declining w insure this Security Instrument and the note secured thereby. shall be deemed conclusive
proof of such ineligibility. Notwithstanding the (oregoing. this option may not be exercised by Lender when the unavailability
of insurance is solely due to Lender's failure to remit a mortgage inuurance prank= to the secretary.
Rider to this Security Imsiruosenl. If one or more riders are executed by Borrower and recorded together with this
Security Instrument. the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants
and agreements of this Security Instrument as if the riders) were in a pan of this Smelly Ipmrumen. (Check applicable bottles))
R Condominium Rider Adjustable Rate Rider Gravies Equity Rider
L J Planned Unit Development Rider Graduated Payment Rider Other
BY SIGNING BELOW. Borrower accepts and agrees to the
executed by Borrower and recorded with it.
Witnesses:
(Seal)
ammo
Psn4 of4
STATE OF WASHINGTON
Count) of
1 certify that 1 know or have satisfactory evidence that
tider(s)
(Seal)
0111+
1)
•1taro0er
(
is the person who appeared before me. and said person acknowledged that he /she signed this inssrunsent and acknowkdg fd
it to he Ihis /her) free and voluntary act for the uses and purposes mentioned in the instrument.
Dated:
ISeal 4)r Stamp)
&pumice
Tick
My Appointment Expires:
itiMOVINM
APR 1 91991
CITY OFTUKWIL
PLANNING DEPT
A