HomeMy WebLinkAbout1986 - Amendment to Construction Deed of Trust - Nendel's - 86101612068610161206
AM[NOMENT TO CONSTRUCTION DEED OF TRUST - WASHINGTON
This instrument amends that certain Construction Deed,of Trust -
Washington dated October 1, 1985, recorded October 4, 1985 as instru-
ment no: 8510041179...and amended by-Amendment dated October 1985' and '
recorded October 8, 1985 as instrument no. 8510081222. The Construction
Feed of Trust was executed by Nendel's Tukwila Associates a Washington
general nartnershio in favor of United States National Bank of Oregon
( "Bank ") as beneficiary and covers the real property described, in attached
Exhibit A.
The Construction Deed of Trust described above is hereby amended to
reflect that Bank has extended'an additional principal advance to Nendel's
Tukwila Associates, a Washington general partnership in the amount of
$400,000.00 as evidenced by a Real Estate Note - Construction Loan dated
October 7, 1986, said note being in the principal amount of $8,500,000.00,
which represents a renewal of the original note in the amount of $8,100,000.00
plus the new advance of $400,000.00. The final payment on said note'is due
December 31, 1986. The parties: hereby agree that all sums owed and owing
under said $8,500,000.00 note are fully secured by the above descibed
Construction Deed of Trust.
Except as provided above all of the terms and conditions of the above
Construction Deed of Trust remain in full force and effect.
UNITED STATES NATIONAL BA'!K NENDEL'S TUKWILA ASSOCIATES, a
OF OREGON Washington ,.•eral partnership, ��y
By, D` L C ,.. .1 , V 1 ' /t9 /L1 'tom
DANI A. GOODRICH ' L date
Assistant Vice president
United States National Bank of Oregon
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