HomeMy WebLinkAbout1991 - Deed of Trust - Webster Daniel / Webster Carla - 91050802899105080289
RECORDATION REQUESTED BY:
BOEING EMPLOYEES' CREDIT UNION
P.O. BOX 111040
Seabee, WA 551245710
WHEN RECORDED MAIL TO:
BOEING EMPLOYEES' CREDIT UNION
P.O. BOX 570110
Seattle, WA •124.5750
Loon N,•. 539!08225
HAD FOR a(
TRANS
INSIJRA
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1RD A( RF;(IESI v,
vtERICA 111(.(
CE COMPANY
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• 1;A Jc3O9
DEED OF TRUST
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,, O .HE.! 4141:'.00
SPACE ABOVE MS LINE IS FOR RECORDER'S USE ONLY
THIS DEED OF TRUST IS DATED MAY 3, 1991, among Daniel E. Webster and Carla C. Webster, husband and
wife, whose mailing address Is 4630 S. 150th St., Seattle, WA 981U (referred to below as "Grantor") BOEING
EMPLOYEES' CREDIT L.dON, whose mating address is P.O. BOX 97050, Seattle, WA 98124 -9750 (referred to
below sometimes as "Lender" and sometimes as "Beneficiary") and Transamerica Title insurance Company,
whose mailing address is 320 - 106TH Avenue NE, Bellevue, WA 98004 (referred to below as "Trustee ").
1. CONVEYANCE AND GRANT. For valuable consideration, Granla conveys 10 Testate In twl WM Web W We, Ag1M of entry and
together le rasr
possession a
hsr with all t erected or ifbud buildings, Improvements snlacN gl ee: Y Barre rs, r way, and appurtenance; al
water, wale tight and ditch nghte Including stod, In ahem with ditch or rrlDeson rghbk and alt other diens. rosette, and prole mteing to the real
property, including without anwhon al minerals, Cl, gas, peahermat and sinew mehet, located In King County, State of Washington
(the "Real Property "):
Lot 18 M Block 2 of Second Addition to Adana' Home Tracts, as per plat recorded in Volume 12 of
Plats, Page 90, records of King County;
Situate in the City of Tukwila, County of King, State of Washington.
Sub(ect to easements, covenants, conditions, restrictions, and provisions of record, If any.
The Real Property or its address is commonly known as 4630 S. 150th St., Seattle, WA 98168. The Rae Property W
identification number s 004200-0730.02.
Grants hereby assign as vacua to Lender, as of Grantor's nghl, Me. and Interest in and to M Mash, Rents, and pr
assignment a recorded in accordance with RCW 66.05. 070: the tin created by ems aagnment M flended 10 be seedMC,
the recording of 155 Deed a Trust. Lender grants to Grants a license to collect tie Rents and groats, Mich krw may be
and Shea be aulomelcely revoked upon aeoWration of as or pan of the Indebtedness.
2. DEFINITIONS. The 'calming wade shell have the Meowing meetings when used In thi$ Deed of Trust. Tame not oItisr4rse cleaned it the Deed
of Trust shell have the meanings attributed to such terms in the UMorm Commercial Code. Al Memnon to dolor a shad mean amount in
tawtul money a the United States of :.'Kip.
Beneficiary. The wore BeW awns BOEING EMPLOYEES CREDIT UNION. es suooeasas end assign. BOEIN( EMPLOYEES CREDIT
UNION env a retorted to as tender in the Deed of Trust.
Deed of Trust. The words 'Deed a Truer mean his Deed of Trust among Granby. Lender, and Trues*. and
assignment and security Interest provisions relating to the Personal Property and Rents.
Existing Indebtedness The words 'Emery Indebtedness' mean the indebtedness described below in the Existing Indebtedness section of the
Deed d Trust
Grantor. The word 'Grantor' means any end as persons and entities executing this Deed d Trull, including without bmlabon Darrel E. Wsbsle
and Carta C. Webster.
Guarantor. The word 'Guarantor means end Includes wahoul imitation, each and al of the guarantors, Sureties, and accommodation parses a
connection with the rndebledress
Improvements. The word "Improvement' means and Includes without limitation sl emting and this improvements, Mures, buildings.
structures, mobile homes steed on the Real Property, bates, additions and otter construction on the Reel Property.
Indebtedness. The wad "Indebtedness' means et pnnopal and interest payable under the Note and any amounts expended or advanced by
Lender to discharge obligations of Grantor or expenses incurred by Trustee or Lender to enlaoe obrgaeon or Grantor under the Deed of Trust,
together with interest on such amounts as provded In this Deed d Trust. In addron to the Note, the wad Vdebteoness' includes al abhgabMc.
debts and liabilities, plus Interest thereon, d Grantor or any one or more d them, whether arising now or Me, whether rented Or unrelated to the
Purpose of the Note, whether voluntary or otherwise, whether due or not due. absolve or contingent. Muddled or units ideted end whether
Grantor may be babe Indvidually a ?only with others, whether obligated as guarantor or otherwise, and whether recovery upon such
tndebtdress may be or hereahae may become barred by any statue a betatrons, and whether such Indebtedr eu may be or hreefler may
become otn.rwa• urentorombte.
Lender. The wad tender means BOEING EMPLOYEES' CREDIT UNION, is successors and assign.
Note. The word 'Noe' means the Note dated May 3, tees, In the principal amount of $46,000.00 horn Grantor to Lem*. together
with as rerewats, extensions. modrMCabn, rearenargs, and subsetueon to the Note. The metunly date of its Deed d Trusts May 13, 2006.
NOTICE TO GRANTOR: THE NOTE CONTAINS A VARIABLE INTEREST RATE.
Personal • Property. The words 'Personal Property mean a equipment, Mures, and other erfdee of personal property now or tereelr owned
by Grantor, and now or herealle attached or ailed to Me Reel Property, together with as aooessone, pads, and addteorn Ic, Y space rent a,
end at subsblubons tor, any a such property, and together watt as asuee and p'olts thereon end proceeds (mkrdng without Imitation al
insurance proceeds and retUnds Of premiums) ran any sale or other dspoubon d the Property.
Property. The word 'Property' owns cosecevely the Real Property and the Perrsoral Property.
Real Property. The words 'Real Property' mien the property, interests end rights described above in the 'Conveyance end Groot" section.
Related Documents, The words' eeled Document' mean and Include without brtitabon all promissory motes. credit agreements. loan
agreements, guarantee, security agreements. mortgages. deeds of rust, and M other mammon's and docwrwas, whether now or hereelr
eushrg, executed In communal with Grantor's Indebtedness to Lender.
Rents. The word Riente" moire el present and lulu' rents, revenues, Income, ssu s, royrbes, pnolka, end other beneeM doled ran the
Property.
Trustee. The word 'Trustee rneen Transamenca Tree Insurance Company and any substitute or aucomor halm.
of the Property. TMs
end chose upon
at Lender's option
:
without ematabort a1
1
1
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05 -03 -1991
v
DEED OF TRUST
(Continued)
THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
PROPERTY, IS GIVEN TO SECURE (t) PAYMENT OF THE MIDESTEDNESS AND (2) PERFORMANCE OF ANY ANC ALL Od10AT1OIIS OF
GRANTOR UNDER THE NOTE, THE RELATED DOCUMENTS, AND flu DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED
ON THE FOLLOWING TERMS:
3. PAYMENT AND PERFORMANCE. Eaoapl t. o'narwW provided in the Dead or Trust, Grantor shal pay to Lancer as amounts weu•d by NW
Dead of Trust as they become due, and stet sktefy and in a Wray manner prlorm aS of Grantor's obligations under the NOW %Mt Dyad d Trust, and
the Rested Documents.
4. POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor press that Grantor's possession and use or Ma Property tired be governed by
the Meowing provisions,
PossesMon and Uw. Uhl the occurrence d an Event of Deed. Grantor may (a) renew) In possession and control d We Property. (b) w,
Weals or mirage the Property. and (C) Coed any Rents kom the Properly (en prtveege is a byre kom Lender to Grantor aulomalo ty
revoked upon dead). The Wowing provisions reels b the use d the Property or to other Imasoors on the Property. The Rest Properly Y not
used princpalyto aprkJi e or arming purposes.
Duty to Manlatrr. Grantor she m rnten the Property In tenantable condition and promptly perform a ropers. replacements. and rraintenarce
necessary to preserve la value.
Habedow Subelences. Its arms lrrardous wash,' lezerdous substance; 'depose; - resew; and lhreekeed retaeae; as used n Mrs
Deed of Trust, ahal Mve the sema meanings w W loSt In the Comprehensive Environmental Response. Caroersaeon. and Labily Ad Ss
1960, as amended, 42 U.S.C. Section 9601, et seq. ('CERCLA'), tea Superhlnd Amendments and Reauthonalon Act re 1906 PUS. L No. 99-499
( the Hazardous Materials Tranpaleion Act. 49 U.S.C. Scion 1601, el seq., Me Resource Corservaf on and Recovery Act. 49 U.S.C.
Section 6901, a seq., other appSCabls sale or Federal Sews, ness, or repulsions adopted I . 'sari to any d Me bnpoi g. Grantor represents
and warrants to Lender Met: (a) During to pence of Grantors ownership or the Property, Mee has been '0 use, ge erabn, nanuladue,
storage. treatment, deposal, release or threatened reMesa of any Mardous waste or substance by any person on, under, Cr abet b Propety.
(Di Grantor has no knowledge ot, or raison to baSava Pu there ins Wen, except as previously dsdtosed 10 and adndwledged by Lender Si
inning, (I) any use, generation, manufacture, slangs, treeknent, deposal, retaase, or threatened races' of any hazardous weals ce steams by
any prior owners or occupana re the Properly or (V) any actual or Preale ad legatan a dare of any Mel by any prson reseed 1 0 moll,
manes. (c) Except as deaden deemed b end ad inowedg.d by Lander in wench (I) nether Grantor nor any arid bonkaOor. agent br
other authorized use of the Property she use, generals, manutecir•, store. Peat. dspow d, or release any hazardous weals or substance on,
under, or about the Properly and (I) any such acidly shat be Conducted d Si cornphand wIh Y app roe!. aderae, slate, and local tees,
regw.nons and adnanor, ndudag wwea ttmlebn Mew Uws, rspulalonn, and ordancaa described above. Grantor aulinar Lender one
its agents to enter upon the Progeny to ma such Ispaaora and Ira es Lender may deem approprals to alenre oompSarw d Pte
Property with this faction ce the Dead d Trust. Any eapsd onn or tests nee by Larder steal be for Lenders osmoses any and slid not be
construed to awls any responsibility or Wttaay on tea pert as Lender b Grantor or to any Omer person. The rpraaerlators and warranties
contained herein are based on Grantors due diligence in investigating Me Property to tsardous waste. Grantor hereby (a) releases and waives
any future Omni against Lander for ndemoly or contribution in tea event Grantor becomes babe for uwnup or Otte costs under any such lewd,
and (b) agrees to lndemrwty and hold harmless Lander against any and al calms. losses, 4berbes, damages. penases. and expenses white
Lender may dicey or uhdyctly steam or suffer liaising kom a breech of the section of Me Deed of Tent Cr as S CG'S Q mIo, d any iris.
gererabon, man reetue. storage, deposal. Meese Cr emetened release ooeurrq prior to Grantor's ow*** or truce In Vie Property.
whether or not the earns was or Should have been known to Grantor. The provolone of the section or the Deed d Trust, Ntdudg the °Dlgaton
to Indemnity, stta t survive the payment or the Indebtedness and tea as saclon and raconveyance or tie Ian of this Deed of Trust and she not
be enacted by Lender's acgishon or any M wedt In the Property, whether by bredoetsi or otherwise.
Nuisance, Weal.. Grantor shad not reuse, conduct or permit any rnsaar nor caner* permk or su11r any Mpp d or waite on or 10 tie
Property or any portion of the Property. SoactIcalty wAhosl Tierra • . Grantor we not remove, or grant to any other party Me MN to remove, any
timber, miner* (lndudg of and 9r), sal, gravel or rocs . , . . wMtout the prior written consent of Lender.
Removal of Improvements. Grantor shalt rid dernoteh de
Lunde. As a condbn to the removal of any Ingrovemene,
such Impnovenenb with Improvemenb of at Swat pui value.
Lender's Right to Enter. Lender and is agents and
Lender's interests and to inspect the Property for purposes or Grant
Compliance with Governrentas Requirements. Grantor steel or
other persons or •ones d every nature whatsoeve who rent,
ordinances. and reguMbors, now or hereafter in elect, of as draw
may contest in good hen any such law, ordnance, or rtsgiiaon a
so long as Grantor has notraed Lender in wrung prior to doing so
may requr Gran* to post adequate security or • suety bond, rasa
any Improvements from the Real Property without the prior written consent d
may require Grantor to make ertanperneds wbtecfory to Lander to nodes
may en* upon the Real Property at aS reasonedle times to attend to
compliancy with the ems and condsore or the Deed of Trust.
comedy. and tiles woman cause coeptencce by a agents, tenants or
or othhawse use or occupy Me Property on any manner, we a laws,
authoress applicable lo the use is occupancy of Me Property. Grantor
wmhold commpkance during any proceeding, includng appropnals appeals,
so tong as Lenders merest, in the Property are rid reopardad. Lender
sa saclory to Lender, to protect Lenders 'newest.
Duty to Protect. Grantor agrees neither to abandon nor lave • • Me Properly. Gent shall do el other acts, n 'dean to mow acts
set forth above in Met salon, wrath kom Ms character and use or the Property era reesonebly necessary to poled end preserve the Property.
S. DUE ON SALE - CONSENT SY LENDER. Lander may, at es open. (a) declee immodesty due and payable all suns secured by Nn Dead of
Trust a (b) Irlasa*e tea merest rate provided for in the None or other Occurrent •wdenarg the Indebtedness and repose such other conditions as
Lenora deems appapale, upon the sal or Pent.. without Pte Landers poor written consent, or an or any part of tea Real Properly, or any Interest in
Inc Reel Property A 'sale or tarsier means tea conveyarha or Reel Properly or any tight. tale or Interest !twin; whether legal or potable; whether
voluntary or nvduntary; whiner by outrght sale, deed, instalment sale contract, and contact, contract for dead, leasehold Interest wlh a ttrm greeter
than three (31 years, leasrapbon contact, or by sale, assignment, or tense d a ny be ekceh rawest in or to any land trust holding title to Me Real
Property. a Dv any finer method d conveyance Of Reel Property interest. M any Grantor s a corporation or perlrwnhrp, transfer also induces any
charge in ownership d more than twenty-km pedant (25%) of the voeng stock or partnership Interests, as the case may be, of Grantor . However, the
option shall not be exercised by Larder N such morose is prohibited by Wiwi law or by Washington law.
G. TAXES AND LIENS. The following provisions relenting to the tam and ens on the Property area par d ties Dead .A Trust.
Payment. Grantor shell pay when due (and in aS events poor to delinquency) a taws. special lazes, assessments, charges (Including wale and
sewer). tines and Impoibors levied against or on ao curi d the Property, and OW pay when due a1 da tor wort done on or for services
rendered or materha lure nso to tha Properly. Grantor seed minim the Property tree d aS ears having priority over or eget to the Interest or
Lancer under the Deed d Trust. except Ice the lien d taxes and assessments not due, asap) to the easing idebtedneas relerred to below, and
ercept as otherwise provided in fin Deed or Trust.
Right To Contest. Grantor may werhold payment d any ax. assessment, or calm in connection with a good Wm *sputa over the obbgabon b
pay, so long as Lender's newest in the Property • not eoperrdzed. N a ken arises or s Ned as a rod of nonpayment. Grantor still whim Alien
(IS) days slier the San ewe or, S a ben is Ned. wafrn Mieen (15) days afar Grantor tors notice of the tang, secure the *wheys of he len, OF
requested by LM. Jar, deposit with Lander cash or a sufficient caporals surety bond or Ocher security satisfactory to Lender In an amount stlacard
to discharge the ten pus any costs and attorneys' ass or dew dirges Nst cold acme as a result or • foreclosure or sate under the ten. In
any contest, Grantor sisal nand Itself and Lender and std mesh any aches* e agerwt before enforcement bowel the Property. Grantor shell
name Lender as an addeorel obligee under any surely bond kern/void on the dontssl proceedings.
Evidence of Payment. Grantor she upon demand furnish to Larder satisfactory evidence of payment of the texas or assessments and shas
authorize the appopnale governmental otbW b deer to Lender at any Ins • wnnen statement of the aces and assessments s agrn a the
Property.
Notts of Construction, Grantor she nobly Lender at least Mean (1S) days before any wan It commenced, any servos writhed, or any
nalerss are supped b Nor Property, N any mechanic's ben. malsrWnen's ben. on other ten could be asserted on account of the work, awvres,
a maartas. Grantor we upon request of Larder Kermit to Lander advance assurances sebactory lo Lander that Grants can and we pay Nor
cost d such improvements.
7. PROPERTY DAMAGE INSURANCE. The blowing provieraa reeling to insuring Nor Property are a part of the Deed of Treat
Maintenance of Insurance. Grantor shall procure and ttarlrn pokes d Ire wsuana weft standard extended Coverage endorsements on a
reptecernent wawa tor the hl Irsuabte verve covering a impromme is on the Rail Property In an amount suAknert to avoid appaaion d arty
carnurance pause, and with • Minded mortgagee disuse In avor of Lander, together sum such otter hazard and beb+ty insurance as Lender
may rwsoneby repute. Peaces she be wean In form, amounts, coverages and basis reworaby acceptable to Lander and seed by a
company or compares reasons* acceptable to Lender. Grantor, upon request of Lander, vii saw to Lender born ems to See the pokes or
nemeses d Instance in berm waslsciory to Lender, including %bouillon MW coverages we not W Osncreed or *masher weed at lest ten
'Pigs 2
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1
OS -03 -1991
DEED OF TRUST Page 3
(Cont nu.d)
(10) days' pro wrm an noede to Lender.
AppMcallon of Proceeds. Grantor std Pompey molly Lander d any loa or damage b Me P*oprty•
tads 10 do so wain Man (15) days of the comity. Whether or not Landers eeblxry • rmpaaid,
the proceeds and apply the proceeds to to reduction of the Indebbdrwa, payment di any Min a
repay of the Property, M Lender Once to apply the proceeds to restoration and repay, Grantor athal
Improvenwrn In a manner ale dory to Lander. Lawler Mal, upon atYnctory proof of such
proceeds for the reaonablo cwt of repay or ralor son M Grantor is not in Maul under the Deed of T
disbursed within 100 days at Orr receipt and which Lander has nol oormated to the roper or
pay any amount ownng to Lender under IS Deed of True. Man b pay abaued Mersa and M
balance or the Indebtedness. M Lender (holds any proceeds alter payment in NI ol the Indebtedness,
to Grillo as Grantor's transit my appear.
Unexpired Inawuhce at Sale. Any unexpired Insurance Mal awes to Ma bens& of, and pass b, the
Deed of Trust al any trustee's sate or otter sate had under Me prostoors of the Deed of Tort or al any
Competence with Existing Inde*ladnaas. During the period in which any Ealing rrdebtedrnea eaatbd below is in enact conpsarcr we% the
Insurance provnaiors contained in Me instrument l cadencrg such Existing MOubndea shell construe emplanes with Pe rneurarnoe provisions
under this Deed of Trust, to the exert complain. wish the terms of the Dad of Trot weed Constitute I dupialon d rauanoe redurrxwM. M
any proceeds Porn the insurance become patella on loss, Me proriions In Mss Deed of Trust for dvSion of proceeds shal apply only to Mal
potion 04 tee pxwda not peyabn lo the holder of the Existing Indebtedness
a. EXPENDITURES BY LENDER. If Granby leaa 10 con* whit any prwtelon d the Deed of Trust,
Indebtedness In good standing as rotund babw, or M any action Or proceeding Is conwrwned Pet would
Property, Lender on Grantor's befell may, but sisal not be required to, lake any action Met Lander
expends in So coop .. a boar merest at the rate charged under Me Nose Morn the data rcured or paid by
Al such expenses, at Lender's option, we (a) be payable on demand, (0) be added to Mee balance of the
payable with any instalment payments is to become due during Ono (I) the term al any appicabn insure
Noe, a tc) be bated as a balloon payment what MI be dw and payable N We Note's maturity. Ths
these amounts. The rights provided for in the paragraph steal be in addition lo any other rights or any
account d the anon. Any such action by Lender shall not be construed as curing Me Maul so as to Dr
would have had.
II. WARRANTY; DEFENSE OF TITLE. The Ioaowwg prouslona reeling b ownership of the Properly are •
TIM. Grantor warrants that: (a) Grantor holds good and rwtelabla sae its record to the Properly In
encumbrances other mn those set lords in the Real Properly desalpaon or In the Eeasarg I
Icy, she report, or anal tree apron Issued as lava of, and soaped by, Lender In connection wee
hl ogre, power, and authority to execute and diver Miss Deed of Trust to Lander.
Deana of Tate. Subject to the ascapbon in the paragraph above, Grantor warrens and wad forever
lawful claims of all persons. In the awl any action or poosedrg S commenced the quieeas Gra
C1 under the Died or Trust, Grantor sisal Mend the action at Grantors rpena. Grano may be the
Old be meted to pertcpate in the poceedig and to be nprarted In the prooeedrg by counsel
dekw, or cause to be dakvred, b Lander such instruments as Lender may request for lime to ens to
0 C ce ompIan With Laws. Grantor warrants Mel the Pro and Grantor's issa o the Property
odrenoa, and regulators of governmental authorities.
10. EXISTING INDEBTEDNESS. The blowing provahas concerning axiaig Indebtedness (the Tsang
Trust.
Existing Lien, The ban of Ms Dad of Trust securing the Indebtedness may be Secondvy and
covananb and sprees to pay, Or sae to Me pommel of, Me Easing Indebtedness and to prevent any
under the :ntuments ewdsndng such indebtedness, or any default under any security docurheres a
Default. It Ire payment oh any mailman of pihopal or any Viral on the Exiting Indebtedness ss not
avhd•rhdng such indebtedness, or shad a dalaue cone under the instrument sating such IMO
amicable pace period Owen, then, at the option of Lander, the Indebtedness secured by the Deed ot
payable, and the Deed of Trust shall be In default.
No Modlncelon. Grantor shat riot en* into any ignorant with the holder or any matgapa, deed of
has priority over this Deed ol Trust by whch that agreement a modPed, amended, amended. or
Lender. Grantor shall nether request nor accept any tutee advances under any such sacu try tip
Lander
11. CONDEMNATION. The blowing provisions rWIng to condom neon prooeedge lee • pr or Ihs Dad
Application of Net Proceeds. It at or any part of to Properly a . ohderard by somata drown p
in lieu of condemnation. Lender may at es election require Mal al or any porton of the red proceeds 01
Cr the raper or restdralion Of the Property, The net proceeds of the award seat mean Me award Mier pa
and atarrye lass necessarily paid or incurred by Grantor, Trustee or Lander n conrecadn with Me
Proceedings. It any proceeding in corhdemratwn ss Bed, Grantor shat pranpsy nosy Lander In
steps as may be necessary to defend the actin and obtein the award. Grantor may be the nominal party
°netted to pancopale in Me proceeding and b be represented r Me prooeedrg by causal of as
Grantor we diem or cause to be deivered to Lander such rsium eels a may be requested by it tom
12. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORMTMES. The lobe g
lees and charges are • part or the Deed 01 Trust:
Subsequent Taxes. It any W to which the scion apptia a enacted Subsequent t to Mho data o Mhss
Mkt as an Evert 01 Delete (as dinned below), and Lamar may seeress any or of la amiable
below unties Grantor ether (a) pays the tax before I becomes deengaM, Or (b) aontese the W as
section end deposits with Lender cash or a sulfide t corporals surely bond or other acunly abalctoy to
13. SECURITY AGREEMENT; FINANCING STATEMENTS. The loaou, g pruw,iona rolelrg to the Deed of
of Itxs Dad d Trust.
Security Agreement. This trsrunent shed core *uts a security apraern re b bits anent any of the R _
Property. and Lender shell have at of the rights of a secured party under Me Unarm CommercW Code as
Security Inane. Upon rapuol by Lander, Grano' shhal execute ararhisrg statemens and lake err
pentecl and conenue Lender's security rerwt in the Rants and Personal Properly. In addition lo rscor
records, Lender may. at any ems and without tills authorization torn Grantor, M eeaculed
or Trust as a financing statement. Grantor shoe reimburse Lander kr al expersee inured In prncM,g
ONO, Grantor steal swayable the Personal Propeify In a manner and at a pros reasonbly
amiable to Lender warn three (3) days tiler recent of written demand tom Larder.
Addreoes. The mare addresses d Grantor (debtor) and Lender ( ecured pantyl, tom welch eta
panted by has Deed d Trut may be oblared (each as angered by the Unlearn Co ntrawl Code). are
Trull
may mks proof of toes P Grantor
mey, at as election, recerve and retain
the Property, or Me reMrabn and
or replace the deaagad or destroyed
, pay of reimburse Grsntor horn the
. My proceeds which free lad been
ion of the Property shat be used est to
, M any, sisal be appaed to Mr propel
proceeds ant be paad without Intent
d Me Property cowered by the
sae of such Property.
any obigebn to minim EOMMhg
maternly elect Larder's Massa M Me
appraprrb. My amount that Londe
to Mee data ot repayment by Grantor.
and be apportioned among and be
poky or (I) Me remaining tear of the
d Trust also w11 acme payment of
to which Lander may be enwd on
tom any rrnady that I otherwise
of the Deed ol Trust.
ens*, tree and dear dal barn and
scion below or wh any IN rruranop
Deed of Trust, and (b) Gransor xis the
the las to tee Property against the
nee or to rhaenal of Trustee or Linder
party in such poaadirg, but L lad.
Larder's own choice and Grams era
such participation.
will al man; applicable laws,
'I are a part of this Deed of
lo an arising ban. Gantt rpteuxy
toll on such indebtedness any dente
Indebtedness.
de wow the tie rotund by Me non
and not be cured dung any
last shall become immediate/ due and
or other fatuity agreement whch
without the prior wnhen consent d
without the prior mitten consent or
Trust .
or by any proceeding or purchase
award be applied to the Indebtedness
d al reasonable cost, express,
ton.
and Cranks shed promply lea such
such pocwdirg, but Lander shag be
chow it at Grantor's expanse, and
13 am to pool such panic paaon.
ovmons raiser.; to governmental texas,
Current Tuna. Fen and Charges. Upon request by Lander, Grantor area execute such documents In addneon to the Dead or T^-„ and lake
whatever One action is mounted by Lender to perfect and coarse Landers ban on Me Reap Property Grantor shell nrmbtxse Lender for al
tares. as described below, fogeth a with all expenses incurred M recording, parncing or Crofinwarg Miss Deed of Trull, including without arrenaon
al taxes, leas, documentary stamps, and oder crania for heading or registering Pa Deed o Trust.
Taus. The bowing shag constitute taxes to which the sacbon appeal: (a) • speak lax upon the type of Data d Trust or upon al Or any part
or the Indebtedness secured by this Deed of Trust; (b) a specific tax on Grantor which Groan' is • or required to deduct tram payments
on the Irwwiedress secured by has type of Deed of Trust (c) a dui on Mrs type ot Deed of That agwst the Lander or the holds' d
the Not., and Id) a speak W on at or any poison d We Indebtedness or on omens of pnscpal and est mde by Grantor.
crf Trust, Ira event shed hive the same
a an Event of Delete as provided
chided above in the Taxes and Lens
rust as a securely egrermant are a pert
constitutes Arturo or otter personal
marled tom erne to Ore.
Doer anon is requested by Lender to
the Dad o Trust In the red properly
copes or reproductions of Min Deed
corenuing Mw aecunly itrest. Upon
to Grantor and Lender and male I
eon concernsng the Sicuray i one
Meted on the MN pegs ol the Deed a
1
05-03 -1991
DEED OF TRUST
(COMMued)
Pape 4
IS. FURTHER ASSURANCES; ATTORNEY- IK-FACT. The tdo wq reddens reeling to MMw aauarcaa and attorney- 1n-led are a pert of this
Deed of Trust.
Further Assurances. At any ere, and from lime to ache, upon request of Lander, Grantor sou nuke. emu* and delve, or we aloe le be
made, executed a dewed. to Lender or to Lender's designee, and when requested by Lender. and I0 be aid. recorded, Mea or
rerecorded, as the ass may be, at such era and In such dittoes and decree as Lender may deem apt>rophte, any and a Men wattages,
deeds of trust. security deeds, sec11Ny a peenera, kancrg eetemen$, carinalon atetenarNN, Instruments of further assurance. oreea ei.
and other documents as nay, In the sole bpd+ Ion of Lede, be rrow6*y or dodder In order to eIMrrte, di ptela, peed, arena, or
preserve (a) the obap.aors of Grantor under HM Note, tea Deed of Trust, and the Reeled Documents. and (b) Id Ilea and aacule kenos
created by ttss Deed of That on the Property, whether now owned or hereafter acquired by Grand. Unless prohibited by law or greed to err
contrary by Lender In writing, Grantor shell reimburse Lender for a cogs and expanses Incurred In connection wed the matter referred to In here
Paragraph.
Attorney-In Fett. N Grantor talk to do any of the things neared to In the preceding paragraph, Lander may do so tor and in Me tame of
Grantor and at Grantor's upend. For such purposes, Grantor hereby kreroably appoir Lender as Grader's attorney -In-ad br to pupae
of making, executing, delivery, ling, oeadng, and doing a other things as may be necessary or deeeble. In Landes solo opinion, to
accomplish the nutters referrad to n the p ecedrg paragraph.
16. Flit PERFORMANCE. N Grantor pays at the Indebtedness when due, and oIerwloa perform at the Obligations Imposed upon Grantor ureter
the Deed of Trust. Lender shag execute and dearer to Trustee a request for hI reconveyerce and she' asdcute and deter to Gruner suede
statements of ternrnaaon d any Mang statement on le ew$declrg Lender's security Interest M the Rents and the Personal Property. Any
reconvcitance tee shall be pad by Grantor, M permrfled by applicable low. The granlse In any reconveyanbe may be desatbed ea IM per n or
mown ...gay ended thereto', and the recitals in the rrcaneyance of any matters or lads NW Le conclude prod of Ihe Pue d any *Mt
nutters or tact.
16. DEFAULT. Each of the folorwrg, 'the option d Lender, Mal constitute an event of default ( "Event of Deeufr) under ere Deed d Trust
Cttaun on IndeMsdraea. Failure d Grantor to mats any payment when due on the Indebtedness.
Def.utl on Other Peymenta. Facture d Grantor walla) the ems required by the Deed of Trutt to maks any payment for taxes or Insurance, a any
other payment necessary to prevent Mang d or to erect discharge of any Mn.
Compliance Default. Failure to comply with arty oho term. added, covenant or condition contained In the Deed of Trust, the Note or In any
of the Rested Documents.
Breaches. Any wordy, representation or statement nude or furnished to Lander by of ran behel d Grantor under He Deed of That, err Note
or the Rutted Documents a, or at the line made or fur dared was, else In any made' respect.
Insolvency. The Insdvency of Grantor, appointment of ■ recover for any pee of Grantors properly, any assignment for Ihe bend. d creditors,
Foreclosure, etc. Commencement foreclosure. whether by pedal proceeding, sail -hob, repossessor, or any other method. by any creditor d
t= lu.'s
Grantor against any of the Property. However, Ina subsection small not apply in Me event of • good taut dispute by Gina as to the va ty or
irn
rsesonabie ass of the clam which la the bast of the foreclosure, provided that Grantor r or goes Lender wild notice of such cam and dashes O reserves or a scary bond for the cam aaWctory to Lander.
ea,� Breach of Other Agreennt. Any breach by Grantor under Ne terms of any otter agreement between Grantor and Lender eel Is not remedied
wrtnn any grey peed provided therein, Including without srnlation any agreement concerning any indebtedness or other obligation it Grantor to
Lender, whether eas g now or later.
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the indebtedness or such Gummier
des or becomes Incompetent.
Insecurity. Lander In good tart+ deems that insecure.
Existing Indebaedraaa. Default re Grantor order any Easeng Indebtedness or under any instrument on the Property smog any Easing
! Indebtedness, or commandment d any sue or otter action to dodder any amaang Mn l on the Properly.
17. RIGHTS AND REMEDIES ON DEFAULT. Upon the mamma, c any Event of DelauM and at any lima thereafter, Trustee or Lander, at es option,
may exerase any one or more el the foaowmg rights and remedies. In addeon to any other rights or remedies provided by low
etcetera* Indebtedness. Lender shag have the nght at is apron to decent the entre Indebtedness wnmedeWy due and payday, mdudng
any prepayment peaty which Grantor would be required to pay.
Foreclosure. With respect to as or any part of the Reel Property, the Trustee she have the right to mamas es power of sate and to decks* by
mhos and sale, and Lender shah have the right to foredo' by )udael Ioredosura, In ether ass in accordance wnlh and to the hi extent
provided by apptcable low.
UCC Remade. with respect to se or any part of the Personal Property, Lander shat have a the nods and remedies of • secured parry under
the Urhtorm Commercial Code.
Collect Rents. Lander this have Ne nght, vaned node to Grantor, to lake possession or and manage the Property and collect the Rents,
including amounts past due and unpaid, and apply the net proceeds, over and above Lender's costa. egein* the Indebtedness. In furtherance it
this right, Lender may news any *rent or other use of the Property to make payments of rent or use lees dewy to Larder. H the Rents are
coleced by Lender. then Grantor rrevocaby designees Lender as Grantors attorney -ur4cl to endorse instruments received In paymet Hereof
In the name of Grantor and to newel* the sarre and WWI the proceeds. Payments by tenants or other users to Lender In respond to Lenders
demand that easy the obligations for which the payments are mode, whether or not any proper grounds for the demand exited. Lender may
amerced ns rights under this subparagraph enter In person, by agent, or through a mower.
Appoint Receiver. Lander that have the right to have a reearw appointed to take possessor et a or any part d He Propry. when t Well to
Protect and preserve the Property. to opera's the Property precedrg or pending foreclosure or sae, and to coaact the Rents from He Property
and apply the proceeds, over and above Nil cost of the r aveshp, again! the Indebtedness. The mane may serve walhoul band a permitted
by law. Lenders night to Ne appointment d a mower she exist whether or not the apparent maim ef the Property ecvode ere Indebtedness by
a subtend amount. Enploynwt by Lender shot not degrity • person from aanerg as a receive.
Tenancy it Sufferance. N Grantor renown In possession of the Properly aver the Property N sold as provided above or Lands' ofarwee
becomes enbssd to possession of the Property upon detahat of Cranfor, Grantor see become a tenon at 'utterance of Lander or the purchaser of
the Property and shall, at Lender's option, a iree (a) pay a reasoned" rental for MM use d the Property, or (b) vedes Me Property wnm edstey
upon the demand or Larder.
Other Rana04e. Trustee or Lender shah have any other nght or remedy provided M His Deed d Trust or the Noe or by low.
Nonce of Sae. Lander OW glue Grantor reasonable nobs of the tern and place of any pubic sae of the Persor* Property or of the lime after
which any private sae or otter intended dspostson of the Persons' Property is to be med. Reasoned node sew mean node gneh of east
ten (101 days before the arts of the sale or dsposaon. My see of Personal Property may be made in ccnpwrcdcn with any sale of the Reel
Propery.
See of Its Property. To the aslant pernatad by delicate law, Grantor hereby wiles any and a rinds to have the Property marshaled. in
anaashng es nghts and remedies. the Trustee or Lander shall be Sea to eel al or any part of the Property to'gamar or aeparat y, in one sate or by
generae saes. Lender sea be ended to bid at any pubs sae on all or any person d the Property.
Waiver; Election of Remedies. A server by any party of a breed+ of a proviMon of ere Deed of Trust del not cvrseds a wader of or prehrdoe
the party's rgns oesrw ss to demand sect comperes with eel provision or any otter women. Election by Lander to pure any remedy
podded n He Deed of Trust, the Noe in any Reeled Document, a provided by law shell not Whoerda pushA 01 any oew remedy, and an
section to make erpehwues or to eke action to perform an obbgemon or Grantor under Ma Deed of Trust timer dire of Grantor to perform she
not area Lender's right to deco a deeiM and to carter any d Y reindes.
Attorneys' Feat Expenses. It Lender insetting; any sue or scion to enforce any or the terns d ere Deed d Trust. Larder shut be ended to
recover such sum as the cant muy ed)udge reasone * es lammed' ilea M Mee and on any appal. Whittier or not any court aeon la ended.
a reasonable expends inured by Lender when in Landers opinion are neceaaary at any Mhe for Pie protector of es nlwaet or the
etaoemert d is rghts she become a part or the Indebtedness dyads on demand and she bear Merest at rte Note rate kern eM deN of
erpendtur urea repel. Experts.. Covered by thin paragraph include, erahhorl Mneabn, however subject to any eras under appeceble law,
Lancer's attorneys' sea whetter or not Noe a a lwsur, nduci g attorneys' less for bankruptcy proceedings (ndh•dng sterna to madly or
Neste any automata May or wyunceon). appeals and any ariarpeted poet - judgment collection servtoes, We Cost of searching =ads, dblawwne
1
05--03 -1991
GRANTOf3;
x
Darrel E. WeI»Ia
DEED OF TRUST Page 5
(id)
INN repw% (Irduang loredoaue Mlrwsyora' reports. app an less, Illis Insreha. and Mee b fa Trustee, to We eaten permied by
appleabla Ise. Grantor also will pay any cart cos k. In addl b Y Ofa► suns provided by tow.
RIg lets of Trustee. Trusts. shin have al W fa rights and dulls' d Lands► as ass tort, M fly relics.
15. POWERS AID OBLIGATIONS OF TRUSTEE. The blowing pro1Ybns raising 10 Ste powers and obligators of Trustee (pursue/ b Landry
Instrucsan) are part d Mrs Data of Truu.
Powers d Trunks. In addition b al powers 01 Trustee aging es a male M tow. Trusts. s? have ten maw b Mite le IoWwing adore wan
rasped to we Properly upon We organ req*a 01 Lander and Grantor ((a)) loin M pupating g and rip a map a ON of We Rest Property. resinolon an We Rest PrOPertf:
a
including n any subadYwIon a o51 aim M Wm pubis allscang Nis De M UNN or f Ideal d � r 5* Deed of Trull
Obansalons 10 Or proceeding M+ Tremor, Lands, or T MW be pry, unless required by applabts Yaw. cam r unless the don o► d pi
brought by Trusts..
Trustee. Trustee shall nest Y grsl .Ioi* repined b Trusses urdr applicant tow. M *Milton to fo rtghls and remedies ass bti ab:ws,
with respect lo M or any pert d the Property. Ns Trusw shall haws Vs right b bs s. by note and sw, and Lender shall have Ste nun to
foreclose by judCw loredowe. In ashes oars in a000rd nos sea and to We MI admit pre Mded by appsoabts law.
Successor Triage. Lends,. al Lands?, opbn, may from Ina b bee appoint a successor Trusts. to any Insists appointed hereunder by an
Intrurnenr eseetMd and acknowledged by Lards and recorded M Ra once d We records of long Cour*y, Washington. Tr netrinart shad
contain, in addson to al ober nears required by Mato tow. Rs nerves 01 the WOW Lander, Trustee. and Grant. Pro book and Paps a Mm
Auditor's Fib Number when Iles Deed of Trull is retarded. and Rs rani and address of We successor trustee, and Ins Instrument aryl be
wacutsd and ad by Undo w Is succours In inlareal. The Mlnr#w Mara, without wrapping d We Property. shl succeed to
al Ms les. power, a .ci duew oor.rred upon Ste Trigg M ti's Dead of Tnsl and by spoked. law. This procedure b suosalubon of haw
anal govern b We exclusion of M ofar provisions b tarsi Ion.
10. NOTICES TO GRANTOR AND OTHER PARTIES. My nobs undr Sts Dead of TnaN shell be In twang and Mel be Mega when s Iy
deMred w. M mired, steal Os deemed Macaw 'Mon daposl d in Ws UMW Mobs mal Intl des. repMlred nsh. P011605 p , _d climbed 1 0 we
acdeeaes shown new We beWrrwp 4 WMM Deed M Trust. Any party may change lb address b nonce' under fns Dees 01 Trona by grwng bred
written nosy lo Ma Dine parts. swaying fed the purport 01 We nogg U to charge We MAO *dares. N Moo d mom d IoredosaS from
Me hotter of any ten which has priority over Was Dead 01 Thal anal be sent b Lander, sddiees. M shown new Ws beginning d this Deed of Trust
Foi macs purposes. Granny egress to keep Lands and 'rubes tr*Ormed M 01 Imes M Gawk?* oirreni address.
20. NOTIFICATION. Tie asst sanlenoe n We mann Iabeled 'NOTICES TO GRANTOR AND OTHER PARTIES s hereby arehdsd to reed as
folows: Unless otherwise required or awed by law to be g van M imam manna. any ndtoa under Is Deed of Trust star b. in wring and Mel be
Mscive when aehssy deaversd w, R fished, shat be deemed Mac*re when *paged in We Listed Stew mil Int data, dtrax.'Wd to re address
Mown nab We beprnrwp of fns Deed of Tsar.
21. WASiIMGTON LOAN SERVICING NOTICE. f She loan evidrroed by Ws Cred Anne men is to Mame We aogirifon of a 1-4 tomgy .
owner-mounted residence Ioglad M Washkpbn, &vex M Mosby rotted fed i s srvbdrp b Me loans srgect to tab. tree*. or aergnnw+L f
and when Ma servicing M add, tranNrvad or ~ad. fin purchasing srMdrp agent M regbbed b woad. not aos'On to Grantor.
22. MATURITY DATE. The Maturity Dale slated M aged 10 am ..ton by Yonder by Me to 1
23. NOTICE. Oral agreement' or orai oommtoasna In loan money, Ward asd, w b lorbew from enforcing repsrymert d a debt are not
enforceable. The Deed W aunt (a) may not be *vended sic l n a wring signed by We manf wham arror0ertert is sough. and (t) Maw
0 pew. oontern oraapa or subsequent all egreenanto or understandings. t any. Ss pans. This is Mo Orel end comptate owpesrov 01
M terms or MW Deed of Trust and Vows ate no other WNW
21. MISCELLANEOUS PROVISIONS. The bbwup nioesaroas prwlaicrla ate a pit of Deed d Tnst
Amendments. The Deed of Trust. Io9Mhr warn any Rstsntd Documents. oorniutss I were u a dasl tans and egnerer otitis prise 111 10.
n b n
M. minors in Ins Deed ul Trust. No session of e w amendment t.0 Res Dead Trust anal be anwevu viers Wynn n wrung and synod
by iM party Co panes sown to be caged or bound by Me allralon or amendment
Applicable Lou. This Deed 0 Truss ham teen bettered lo Labbr ass Bogged byIL ender in the State Of Wa0tngson. This Deal of Noel
What be governed by and conalrued in 'coassignee w1Si the less 01 M Slate W W
Cannon Heading.. Cm heeding in Ms Deed of Trust are b oonnerae ce purp4eea wry and ors not b bs used b wlrpst or dears We
provisory of the Deed of Tn al.
Merger. Thera shal be no merger of We his el or ss1Ns wetted by K Deed M Tnst win any ore Wieysl or **10 in we Property M any
ame hold by or b the be nee of Lender M any capacity, wiha/ We wrren Comet d Lander.
Muncie Parses. Al obapNor. of Gran, under Rs Deed M Trull Mil be lost and wer* and al rebrehow b Grantor Wel mean aeon and
every Grantor. Tam ,near. Mal each d the persons signing Wow M resporetle for all abngslons n Rs Deed d Trust.
S.vsabl y. It a court of compeeni ►u*dklon Inds any Orogen of Sts Deed of Trust b be mead or ueboeabie as b any person or
acu,n.bnC., such Inking shat nol render Mal propeon knead or uranloroeabnt as to any OW persons or circumstances. 0 teestte, any such
onendng provision shat be deemed b be moJled 10 b. within Ma lags of etwoeaary or wady; howew. f to 01tencang pOVm 0n owed be
so rddned. if shall be trash and el of w wagons d is Deed of Trust n d OW nogg .+lest rerrWn vend and errorosebta.
Successors and Melons. Subpst t.0 We limnsiors stated In Sty Deed M Trust on Warsaw 01 Granites Ware* We Deed 0 Trust shell bs
bmdng upon and vNx• to we web of Mhe pray. tow successors and esrgna if ownership 01 fie Properly brooms. vested in a person ORhow
Man Grantor. Lards, wthoo nonce to Granny, may den win Grarywy sumeaa' s wet rearing b Rnm Died or Trust and We Indebtedness by
wed d forbearance or esterwon wm*loul rearing Grantor from flee Obagenora of Rs Dead of Trust or teDMy under me n01 lsdr.*.
Tame Is of We Essence. Time la 01 Mo asssi in Ws prbrnars* of Sts Dead al Tat.
WMvere and Consents. Lade Mal not be deemed b have waived wry rights under Mrs Deed of Trust (is under We Reload DOeuren1)
unless such wane/ II in wring and signed by Landow. No delay or Onsston on Rs pest d Lander in emrotetrg any rpm shell operate .t t waiver
of such nen or any 0th a nght. A waver by any party d a provision 0f this Deed of Trust ahY nd coming a waver o1 w pnetudtos VW pet"
not otherwise to demand got Oorphroe wen Rat prokeion w any 011e provision. No p 101 waive by Lards, nor any comic of ooefloa
bewssn Lades and Grantor. seal constitute a wee of any 01 Landry n91* or airy of Grant's obligation as b any future Varaedbra.
whorover consent by Landow a mound in I Deed d Inst. We granting of such corset by Lands. in angry instance slat nd cormakne
cenInieng Comer 10 subspusr V* noes when such uamwr is required.
Waver of Hor esbed Exemption. Grantor herby releases and waives al rfgnla and bendb 01 Mte •omwteed sxampbn Yowl d Pro State Of
Wayhnglon as to all Indebtedness secured by Rte Deed of Trust.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH GRANTOR AGREES TO ITS
TEAMS.
x (1 . l bs(c. .
C. Ww
eor
1
roPewite
•
06-03-1991
DEED OF TRUST
(CoidIresd)
INDIVIDUAL ACKNOWLEDGPAENT
IITAWIty : ...in'tei4 ng i nn
T 4 11 , ''' •
. COUNTY 9F piti TIIL
: . • es . 'la I '..... f-
•
r ales all. 111ohAndanOonod Wary Pubic, person* spurred Dada I. Wabalor god Ws C. Wabalw, personal known to me or
of asdalactory oU to be Me In d...dusk duod In odb and who ammild Usk Ms Dead of and barnowledgod riot May
. odpillha AV, Ihdr boo and vokrany aot and deed, 10, Ile WO and mom Van. alsrlanat
. atv•prodenariftramer...... ... ..,
,... i ar. 11widbig d INI r141 AnA t 111 9.1-.•
Nolwy Pubbobi and ler Mn Nolo of W. My osenisaloasoloa Apio1
Od
REQUEST FOR FULL RECONVEYANCE
AIMIMMB
To: Maim
The undwwenon 4 bap So corner and holder of WI Indebbdnum wound by Mb Owed al Tnal. You an Weft fequin4d. upon Perron. Olen sir's
°Wing to WM to econvoy odour' ownnty, to to parsons ended dirds, No VI. UM MS IOW Iwo kid by you kinder U.S Dowd or TrusL
Dow owoolsr
Dr
II
L Merl 'Ito toys.. sift o)isel est sworn saws orow. Inc *Brent* Morn& MA- I PILISINONT.LIII