HomeMy WebLinkAbout1998 - Deed of Trust - Krussel Robert / Wu Property Investments / Skyline Properties - 98081010709808101070
RETURN TO:
S h'y /rhd R'operrr c' �G aD�Y
60e, /3.0�
W °
t3eileruef k god
PACIfc Nom nvEsrTnlE
Reference S Of applicable)
Additional on Page:
Grantor
Additional on Page:
B.rieliciarylia,(:
Additional on Page:
Legal D.ncription:
Additional on Pegs:
Assessor's Tax Parcel lOP
ARLENE C. KRUSSEL
- DEED OF TRUST
(Far
Use in the Slate of Washington Only)
PACIFIC NORTHWEST TITLE COMPANY
Fit Fn BY PNWT 3L1S5 /? -'
ROBERT B. KRUSSEL
+l. Y•Gi1i4NU PROPERTY INVESTMENTS INC
J iO -NDN SKYLINE PROPERTIES. INC.
TRACT 1, INTERORBAN ADDN TO SEATTLE,
VOL. 10, PG. 55 AND NE 23 -23 -04
359700 - 0005 -08; 000320-0006-07
THIS DEED OF TRUST, mad. this 10thdey of August 1.998
between
ROBERT H. RROSSEL AND ARLENE C. KROSSEL, husband and wife
GRANTOR.
whose address is 6330 52ND AVENUE S., SEATTLE WA 98118
PACIFIC NORTHWEST TITLE COMPANY, • osrperatten. TRUSTEE whore &sdr.e• is 12D1 Thhd Area...
Suit idle S..tt{q WA 61101 -)066
SKYLINE PROPERTIES, INC. AND WU PROPERTY INVESTMENTS, INC.
qpy 606 120 Ave. NE, SUite D204 Bellevue Na. 98004 , BENEFICIART.
whose address I.
5A1 r N+ emov v++a etm c tK re enr • 911.2.
a r.v
WITNESSETH: Grantor hereby bargains. ,ells end conveys to Trust.. In Trust with power of sal.. the
following described real property to KING County, Washington:
SEE EXHIBIT "A" ATTACHED HERETO AND BY THIS REFERENCE
INCORPORATED HEREIN
THIS DEED CF TRUST IS SECOND AND SUBORDINATE TO DEED OF TRUST DATED 8/5/98
TO YOUNG IL KIM AND JAEKUNG KIM RECORDED CONCURRENTLY HEREWITH
which real property Is not used principally for egricuhural or farming purpose•, together with all the
tenements. hereditament.. and appurtenances now or hereafter th.r.unto belonging or in any wino
•ppartalning and the rents. Issues end profits thereat
Thug deed I. for the purpose of securing performence of each elrs.rn.ni of Crania( h.r.In coMalned• end
payment of the sum of Ig 150, 000.00 ) ONE HUNDRED FIFTY THOUSAND i
00 /100 DOLLARS
Continued on nerd peg.-
CO'
{� }{0 SSV01R A1$W %DI YI OOIO[ITO 01D1 -011091
•
i
W
6
J0
0 0
W 2
H
N
W 0'
u Q
= a
_
Z �,
H 0
Z I—
• p
O I—
W W.
_
� O
U Z,
U ='
O ▪ 1-
Z
7
T4
.0
r
t
with interest, in •ccord.nce with the lama o1 .promissory note of peas date herewith. payable to Beneficiary
or order. and made by Grantor, end all renewals, modifications and extensions lateol, and slum such (unbar
sums ■e may be advanced or loaned by Beneficiary to Grantor, or any of their succsaso a or assigns. together
with interest thereon at such rate as shall be agreed upon.
To protect the security of this Deed of Trust Grantor covenants end egrea:
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 any building, structure
or improvement thereon which may be damaged or destroyed; and to comply with off laws. ordinances.
regulations, covenant& conditions and restrictions affecting the property;
2. 'To pay before delinquent all lawful and mats upon the property; to keep the property free and
Cher of all other charges. liens or encumbrances impairing the security of this Deed of Trust.
3. To keep alt buildings now or hereafter erected on the property described herein continuously insured against
lose by fire or other hazards In en amount not loss than the toot debt secured by this Deed of Trust All
policies shall be held by the Beneficiary, and be in each companies as the Beneficiary may approve and have
loss payable first to the Beneficiary. as its interval may appear., and then to the Grantor. The amount
collected under any Insurance policy may be applied upon any indebtedness hereby secured In such order as
the Ben•ficl.rv.•hall determine. Such application by the Beneficiary shall not cause discuMinuanc• of any
Proceedings to foreclose thin Deed of Trust. In the weal of lorecloeure. all rights of the Grantor in
insurance policies then in force 'hail pas to the purchaser at the Ior.cloaur• sale.
.4. To defend any notion of proceeding purporting to affect the security hereof or the rights or powers of
g•neficiar or Trusts.. and to pay all costs and expenses. including coat of title search and attomsys
.fees in • reasonable amount. in any such action or proceeding, and in any suite brought by Beneficiary to
foreclosure this Dead of Trust.
5. To pay all coats, fees and .openers in connection with this Dead of Trust. induding the expenses of lha
Trual., incurred in enforcing the obligation secured hereby and Trustee's and attorney's fee actually
incurred. as provided by statute. --
-• - B. Should Grantor '. fail to pay when due any taxes, assaaamsnts. insurance premiums, liens, encumbrances or
Other charges against the property hereinabove described, Banaliciary may pay the same, and the amount an
paid, with interest at the rate sat forth In the note secured hereby. shall be added to and become a part of
the debt secured in thin Deed of Trust
IT IS MUTUALLY AGIYEED.THAT:
1. In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire
amount of the award or such portion as may be necessary to fully satisfy the obligation secured hereby, shall
be paid to Beneficiary to be applied to said obligation.
2. By accepting payment of any sum secured hereby alter Its doe data. Beneficiary does not waiver Its right
to require prompt payment when due of all other sums so secured or to darter. default for failure to so pay.
3. Th• Trusts• .hall reconvey all or any part of the properly covered by this Dead of Trust to the person
entitled thereto on written request of the Grantor end the Beneficiary, or upon satisfaction of the obligation
secured and written request for reconveysnce mods by the gan.ficlary of the person entitled thereto.
4. Upon default by Grantor in the payment of any indebtedness sacured hereby or in the performance of any
agreement contained herein. all sums secured hereby stall immediately becoma due end payable at the oplichol
Beneficiary. In such event and upon written request of Beneficiary, Truate. shall sell the trust property, in
accordance with the Deed of Trust Act of the State of Washington. at public auction to the highest bidder. Any
person scoop, Trust * may bid at Trustee's sale. Trustee ehsB apply the proceeds of the set. is follows: Ill
to the expense of the sale. Including a reasonable Tsustsea fee and attorney/. fee; (2) to the obligation
secured by this Deed of Trust; 13) the surplus, If any. shall be distributed to the persona entitled thereto.
5. Trustee •hall deliver to the purchaser at the sale its dead, without wenanty. which shall convey to the
purchase the interact in the property which Grantor had or had the power to convey at the time of his execution
of thla Deed of Trust and such as he may have acquired Mersa/ter. Trustees deed shall recite the /seta
showing that the sale wee conducted In compllenca with all the requirements of law and of this Deed of True.
which recital shall be prim. facie evidence of such compliance and conducive evidence thereof In favor of bona
fide purchaser and encumbrancer" for value.
B. The power of sale conferred by this Deed of Trust and by the Dead of Trust Act of the Slate of Washington Is
not • an exclusive remedy; Baneliciery may cause this Deed of Trust to be foreclosed as a mortgage.
7. In the event of the death, Incapacity, disability, or reelgnatlon of Trustee. Beneficiary may appoint in
writing a successor trustee, and upon the recording of such appointment In the mortgage records of the county In
which this Deed of Trust is recorded the successor trustee shell be vested with all powers of the original
trustee. The trustee is not obligated to notify any warty hereto of pending sale under any other Geed of Trust
or of any action of proceeding in which Cantor. Trustee or Beneficiary shall be a party unless such action or
proceeding is brought by the Trustee.
Continued an next page
ia +a.it04410WF07
A This Deed of Trust applies to Inures to the benefit of. and Is binding not only on the parties hereto. but
on their hairs. devisees, legatees. sdminiatntors, wculon and assigns. The term Beneficiary shell mean
the holder and owner of the note secured hereby, whether or not named a■ BanMlciary herein.
ROURT H KRUSSEL
(-- /lr
STATE OF WASHINGTON )
} as.
County of 4 7_t_/ )
I hereby certify that I k�A or have satisfaclery densr that
c -,/ 6-6) CC :t r
the persons) who appeared before
instrument and acknowledged it to bat
mentioned in this instrument. g
Delia:
Notiry;Pubi In and lofA
;Printed Name
STATE OF WASHINGTON
County of
Printed Name
DATED:
E A. 4.EPPF
•}
} sa.
}
•
uhinpton
I hereby certify that I know or have satisfactory evidence that
ARLENE C. RUSSEL
me, end said persons) acknowledged„ 'ha. she. they) signed this
is the perennial who appeared before ma, and said person(s) acknowledged that (ha. she, they) signed this
instrument, on oath stated that
•uthodrad to execute the Instrument and acknowfedtte It as the
of to be the free and voluntary
act of such party for the use's and purposes mentioned in this instrument.
Dated:
(hie, her, their) free and voluntarri er the fsg? and purposes
= tv_ y r:
Aesialwd 7� .y
•
Mr.RPDOrh•� l + �
�:, tirn; � tla
` .�. STATF . O Ms' •
Raiding at
Notary Public in and for the State of Washington My appointment expire.
REQUEST FOR FULL RECONVEYANCE
Do not record. To be used only when note has been paid.
TO: TRUSTEE The undersigned is the legal owner and holder of the note and an other indebtedneaa
secured by the within Dead of Truitt. Said nose, together with all other indebtedness **cured by Deed of
Trust, has bean bully geld and satisfied: and you are hereby requested and dktcted, on payment to you of
any turns owing to you under the terms of said Deed of Trust to cancel said note above mentfosed, and all
• other evidence of Indebtedness secured by said Deed of Trust delivered to you herewith. Iosatfw.r with the
said Deed of Trust, and to reconvey, without warranty, to the patties dealesated by the terra of said Deed
of Trust. all the estate now held by you thereunder.
•
sff yt ' :.uif"S il9_ 1,ii.5:1 .:
ao•
zx:nza T •A'
The land is situated in the county of King, state of Waebington, and
described as follows:
Afi3aOo
PARCEL A:
ASR al 1 4
That portion of Tract 1, Interurban Addition to Seattle, according
to the plat thereof recorded in volume 10 of Plats, page 55, in
Ring County, Washington; lying northerly of a line which extends
northeasterly, perpendicular with the westerly line of said Tract,
from a paint on said westerly line which is 685_teet southeasterly-
from the •northwest corner"of. said-,Tract.
PARCEL 0:
That portion of the following described parcel of land'lying
southerly of the south line 'of South 147th Street, as conveyed :by_
Puget Sound Power and Light Company to the City of Tukwila, by
Deed'dated October 25,'1965, recorded August 28, 1969, under.
Recording Number 6557639, and northerly of the north line of South
- 1 49th - Straet, as conveyed by said Deed:.
-That certain piece of land 100 feet wide, being 50 feet in width
on each side of the centerline of definite location= the
Seattle- Tacoma Interurban Railway (now Puget Sound llectric
Railway) across that portion of the William B. Gilliam Donation
Claim No 40 lying within the northeast quarter of Section 23,
Township 23 North, Range 4 Beat, W.N., in King County,' Washington,
the centerline of said strip of land being more particularly
described as follows:
O north B
Beginning at a point on the orth boundary line of the William U.
iD Gilliam Donation Claim No. 40 in Section 33, Township 23 Norm,
Range 4 last, W.H., in King County, Washington, 230.7 feet from
C,
the northeast corner of said Donation Claim,
thence south 22 37' east 1,497.5 feet to a point;
thence curving to the left with a spiral having 9 chords 21 feat
long, a distance of 189-feet, through 7 30' of curvature to a
point;
thence continuing to the left with an eight degree curve through
23 08' of curvature a distance of 289.2 feet:
thence continuing curving to the left with a spiral having 9
,chords 21 feet long, a distance of 189 feet through 7 30' of
curvature to • point:
thence south 60 45' seat 509.5 feet to a point on the left bank of
White River, which bears south 29 57' scat from the northeast
corner of said William H. Gilliam Donation Claim No. 40 a distance
of 2,443.2 feet, said strip of land in Xing County, Washington;
EXCEPT that portion conveyed to the State of Washington for
highway purposes, recorded under Recording Number 7212140434.
Z •
Z
C4
—I 0
0 0.
OD C
LU
i
CO IL:
W C)
LL Q
.co =
2 CY
Z =
F— 0
Z L U 2 0,
U
0 �
• = 0 •
W
U =
0 ~
Z