HomeMy WebLinkAbout2001 - Modification of Deed of Trust - Container Properties / Key Bank / Chicago Title Insurance - 2001022800077620010228000776
After Recording Mail To
KEYBANK NATIONAL ASSOCIATION
Washington Corporate Banking
Mailcode WA -31 -10 -4871
700 Fifth Avenue, 48th Floor
Seattle, WA 98104 -0090
Ann Steven J Barker
Loan Nos 3113556721 -9001 and 31 13556721 -9002
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I HUHN
20010228000776
MODIFICATION OF DEED OF TRUST
CHICAGO TITLE NOT 32 M
PAGE OOf OF Des
•2/28/20 1 10
KING COUNTY, UA
GRANTOR CONTAINER PROPERTIES L L C , a Washington limited
liability company
GRANTEE KEYBANK NATIONAL ASSOCIATION, a national
banking association ', . / i z
GRANTEE CHICAGO TITLE INSURANCE COMPANY
REF �'' �E INS CO
(trustee) 33.10 7 2 -6
LEGAL Portions of Lots 1 -2, The Meadows Tracts, unrecorded
DESCRIPTION The complete legal description is on Exhibit A
ASSESSOR'S PROPERTY TAX PARCEL ACCOUNT NUMBERS
542260 -0010 -04
RECORDING NO OF DEED OF TRUST MODIFIED BY THIS DOCUMENT
9807130818
DE CE I VE®
.SLp 1
Bn Na
EiuT
THIS MODIFICATION OF DEED OF TRUST ("Modification") is dated as of this 1"
day of November, 2000, and modifies the Deed of Trust, Assignment of Rents and Leases and
Security Agreement ("Deed of Trust") dated as of July 10, 1998, recorded under King County
recording number 911 n7i3n1178 , from CONTAINER PROPERTIES L L C , a
Washington limited liability company, as grantor ( "Borrower") to CHICAGO TITLE
INSURANCE COMPANY as Trustee, in favor of KEYBANK NATIONAL ASSOCIATION, a
national banking association as beneficiary ( "Lender "), encumbering the real property
( "Property") legally described on Exhibit A hereto The Deed of Trust is modified as provided
below pursuant to the Second Loan Modification Agreement ( "Modification Agreement") between
Borrower and Lender dated the same as this Modification
The definition of the term "Loan Documents" is modified to include the Modification
Agreement All references in the Deed of Trust to the "Note" are amended to refer to
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Borrower's Amended and Restated Promissory Note of even date herewith in the stated
principal amount of $5,745,380 27, which amends, restates and consolidates "Note A" and
"Note B" as referred to in the Deed of Trust
2 The Maturity Date of the Note is extended to March 1, 2003, and the interest rate on the
Loan and the terms of payment of the Loan are modified as provided in the Modification
Agreement
In all other respects the provisions of the Deed of Trust are hereby affirmed and ratified This
Modification of Deed of Trust is not intended and shall not be construed to impair the validity,
priority or enforceability of the Deed of Trust or the other Loan Documents
DATED as of the year and date first above written
MOD 01 DOT 111400
"Lender"
KEYBANK NATIONAL ASSOCIATION, a
national banking association
"Borrower"
CONTAINER PROPERTIES L L C , a
Washington li j ted liability ' . •any
By
Ric
ember
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STATE OF WASHINGTON )
County of King )
I certify that I know or have satisfactory evidence that Richard J. Padden is the person
who appeared before me, and said person acknowledged that he signed this instrument, on oath
stated that he was authorized to execute the instrument and acknowledged it as a member of
CONTAINER PROPERTIES L.L.C. to be the free and voluntary act of such party for the uses
and purposes mentioned in the instrument
4-et nut 2001
DATED this /vi- day of No u.mb , 4000
MOD OF IMT ; 11400
• •
ss
-6/62 I'!�! • >1%Nr d. Q.s�-
N ry Public in and for thy State of Washington,
residing at
.S / //a M Manseri
Nanfe (printed or typed)
My appointment expires /0/4,2/03
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Mod ni Iktd ni I rust
The Land is located in King County, Washington, and is legally described as follows
That portion of Tracts I and 2 of THE MEADOWS, according to the partition map
of part of the Francis McNatt Donation Land Claim no 38 filed in King County
Superior Court Cause Number 120091. and of the abandoned bed of the Duwamish
River, all located in Section 33, Township 24 North, Range 4, East. Willamette
Meridian, in King County, Washington, and all lying westerly of the westerly
margin of East Marginal Way South and also westerly of the parcel of land
adjoining East Marginal Way which was conveyed to Great Northern Railway
Company by deed recorded under recording number 4784818, lying easterly of the
easterly margin of the right of way of Commercial Waterway District No 1
(Duwamish Waterway), lying southerly of the hereinafter described "Line A ", and
lying northerly of the hereinafter described "Line B"
Line A
Line B
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EXHIBIT A
TO
DEED OF TRUST
LEGAL DESCRIPTION
Beginning on the westerly margin of East Marginal Way South, which point bears
north 89°15'54" west a distance of 2470 01 feet along the Donation Claiin line and
south 23 °40'59" east a distance of 648 77 feet along the westerly margin of East
Marginal Way South from the intersection of the line between the Donation Claims
of Francis McNatt and Henry Van Asselt with the east line of Section 33,
Township 24 North, Range 4 East, Willamette Meridian, in King County,
Washington,
running thence west a distance of 1574 72 feet to the east line of Commercial
Waterway No 1,
thence south 15 °00'00" east along said easterly line a distance of 237 76 feet to the
True Point Of Beginning of said "Line A ",
thence east a distance of 1053 10 feet,
thence south 23 °02'00" east a distance of 46 03 feet,
thence east a distance of 561 38 feet to the westerly margin of East Marginal Way
South and the terminus of said "Line A ",
Beginning on the westerly margin of East Marginal Way South at a point which
bears north 89 °15'54" west a distance of 2470 01 feet along the Donation Claim
line and south 23 °40'59" east a distance of 1374 17 feet along the westerly margin
of East Marginal Way South from the intersection of the line between the Donation
Claims of Francis McNatt and Henry Van Asselt with the east line of Section 33,
Township 24 North, Range 4 East, Willamette Meridian, in King County,
Washington, said point being at the intersection of the westerly margin of Fast
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Marginal Way South with the north line of Van De Vanter Stock Farm Tract and
the True Point Of Beginning of said "Line B ",
thence north 89 °27'50" west a distance of 14 94 feet,
thence north 86 °54'59" west a distance of 486 97 feet,
thence north 84°17'04" west a distance of 117 00 feet.
thence south 83 °57'56" west a distance of 119 00 feet,
thence south 70 °40'29" west a distance of 110 173 feet,
thence south 61 °33'40" west a distance of 840 02 feet, to the easterly line of the
right of way of Commercial Waterway District No 1 and the terminus of said
"Line B "
Together with the right to cross the parcel conveyed to Great Northern Railway
Company as reserved in Deed recorded under File Number 4784816
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Mod of Deed of rr