HomeMy WebLinkAbout1973 - Deed of Trust - Schaffer Fred / Schaffer Bonnie - 7304230095 (Rerecorded 7212110034)01/19%2000 09:27 FAX 206 628 5697
7304230095
7212110034
January 1971
DEED OF.TRUST
s Benebclary, whose address la
Colorado 50203
fred schaffer bonnie schaffer
• "' -•TP WITH an the te:mecum, hrreditainenta. and appurtenance now or hereafter thereunto belonging or In anywise
▪ apperta. • . -'. r. .a„ 4ani, issues and profile thereof; slid all flxIuiei now or hereafter attached to or turd In connection
With the premlaes :..:_., .sai:it art: n- in addt.:on thereto the fallowing described household appliances, which ate and shall
Js be deemed to be, future •:u a p. . realty, and area portion of the seeurit■ for the Indebtedness herein mentioned:
To the extent that any oI the property described Limn. m., _ :.,Itjectto the proemons of the Uniform Commercial Cade,
this deed of inns H's aecunly agreement. granting to benetldar secured parry, a security interest in any suet property
and the grantor assess to execute oath financing statements t...' . : x required by the beneficiary and pay, upon demand.
filing fret f- • any aucb favoring saar_men' gad en•itinusuons.it-n-
The real pen(rrtt coareyed by Misdeed of trot is not tatted principally for agricullunt or farming purposes.
THIS DEED • IS FOR THE PURPOSE OF SECURING PERFOaf,1Af(CE of each agreement of Grantor herein
tonutned and payment of the cam of '.'•i ?OIM71) tom:i::.: /11T Dollars
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t.i ) with interest thereon scowling 1.0 the tetmi of a promissory note of even date herewith. Payab!e to the
mdse ofl Beneficiary and made by Grantor: and also such further toms as may be advanced or band by Deneflciary to
:lrarlor, c,r any of their summons or assigns, together with interest thereon a such rate as shalt be agreed upon.
The Grantor covenants and agrees as follows: .
1. Tt d be will pay. the indebtedness, as hereinbefore'provided. Priraege is reserved to prepay at "any time, without
premium or (ee, th• entlre.h(debtedneas or any pan thereof pot It than the amount of one t•uullment• or one hundred
dollars (1100.001. wigs er is lest. •
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2. Crantor'agreea to pay to BenefKiary together with and in addition to the monthly payments of prin ipal and
,nterest payable under lbe terns of the note secured hereby, un the first day of each mouth until said note Is fully paid.
(51 A soot: as etthnated by the Beneficiary, equal to the ground rents, if any. and the uses and special ssstssrr:enu
neat due on the premises comered by this fvri of Trust; plus the ,. emiums that will next become duc and payable
no such insutsnR policies u may be required under paragraph 9 hereof, satisfactory to Benefician. (.ranter
scoring to deliver promptly to Beneficiary all bills and notices therefor. lest all sums already raid thetefot divided
by the cumber of months to elapse before one (1) month pnor to the date when such ground rent, pretntutns,
taus gad asreswnrnts n ill become delinquent, such crams to be held by he Beneficiary in trust to pay said ground
rents, premiums, taus and special assessments. .
. bI All payments mentioned In the preceding subsection Of this paragraph and all payments to be made under the nnte
secured hereby Mail be added together and the aggregate amount thereof that) be pain by the Grantor each morn
in a single payment to t• appned by tte:wftciary to the folto.ing items :.: the order set forth:
(11 gnuuod rents. if any, taws, special tateanaenta, firs and other turanJ insurance premiums;
.fll Srtrrrit ern thr ante 4 used f•ereby. and
(11I; amontsatiun of the pont.pat of std note. '
..ss defeeeney'io the amu.rnt ..f any wch agtnple mum►ly pa:mrnt shall. utnrss matte good by the Grantor
prior to the dur date of the nra su:h pa:mrhL;'euoatttutr an event of default under this Deed of Trust. The
arrangtmtenl t.n.tided for is pan;nph 2 ss lately for the added prulecuun of the Llerlr(tiar' and rntaus 110
Ytpuas.mlity en the lurid ,....r. s part t.eyond the ailuvmg u( due rnd.L u•rtnuut mtree1r, fur the s.mt install,'
..,.•lied by it. Cpon asaign•neal O. Shit ed n( Trutt by the 9rnefni.r. , uo. '.:.ds •.n hand shall (re t.rrren met
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lu the aa;.4ntt• trod eh} resnunubdil) •..f the iwg :vr .n:: r.ro7.•t•t thereto knell terminate E:at;. :r. ;ft: t, :
• property 010. ts'thy subject of this' Deer: or Trutt wish autumati ally. tran:lcr tS the Gran :y ai rr > ^ns n.' chi
Grantor with resm•1 to any funds accumulated hen• ind.•r.
•3.•''AL benefcian••t opunn'grantur w'ill.•pay a 'late tharge'•nut rsuttliitg ;i) :ht'pi c' bum l4•irnf any ti t.Ument
. when patd.moit then'fifti•en t tbldaya arts the due,date. then•of to cosec the'extra eepl:nse (nvtdttd in handhrf delinquent
. payn.rnts. big•suyh late charge shall nut far pi &ble out' nfthc prrn•ads tai ani:ule made tosa(ii :; the indeturdnes.secorid ••
:.•hrrebp ;•un14c1 :Such pmrveds arr. atfflcierit:)o,dls..'h> 'r',lhe entire indebtedness hod all prdptr costs aid ekperu s •seeund
• thttctiy' ' :. •••• • •
• ;j:t'iiji lhp.i� .&hot the puymt.nts pude ti udelritil of p?ya pli.=
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be secured hereby�u;, a parity'wlth and as fulls' as If the arbantY ei•Iderctd thereto: were Included in the note firs: deserthed
ono:.•. Ssid•upplementsl rule ur notes shall hex Interest at th€ rat pre,'titled t•,r in the prutcipal.lndrbtedness and shall be
. ,payable in approximateli•'.equal monthly paymentffrir.su :h perigd,asnia },hr.agreed upon by the Grantor and Bona :it:ors.
Palling to agtce on the ma(utily. the whsle of, 1.e,%uni or sums so ad■anced shall he due and payable thllly(301 days after
demand by the•9eneficary•:,In•ni; event shall the maturity cet:nd. ;he:titnd the ultitr :h• matudt?' of the note first descried
... ",.. ,,. r.: • . •.. r • :�.• .. :'; :.. . : • . ..: ., ,,'' :.: •.t ,', :,. ':'E ,,,`!. :. .:': sere', ; . ' :. ` ,... , .
14; IftthC htdebtcdntcs se ured hrri•by_be guirintetd tir'inwrid'uuder Title 3g'United Stites Code.•such 'fitly and
•Ile :clauses Issued •lhereutjder•and,in effect 'oil. the••dalc.h(Lof•shalt Kiiyecn the nghts;'duties'a.iditlabilitils of the parties
: hereto: aiid,any prn(Islotis :of •this ur 'other. lnslrunulitts executed)n connecliu:i with ssld indebtedcesawliieh tiro inconsistent
•• Wiitixold Title or Regitlatinns;sie h¢rcby ant ended' to cnnfurm;ltierelo :: • ;;; ..
110•Mt.ITI:ALLY AGREED THAT: • '
.... .
15• 5houtd'Orant'or fail to make any payment or`ta.doriny irt.as herein provided, they Bine :.ctary' or 9'rstce. bat
without'obligati'titi;no` to'dti•;ind,t%ilhuut noticr.W;tir dettiand,bpii ,'Gruntnt andwiihouLreleis..ng Gr::tr.ut plum any
ehli;ation here+)f;,mayi :.�(ike'or du the'same in such mirnerind;W such, eitrnt as either may deem necesiry to prgtec: the
t ersrfty h!'reuf;'Benefldary.',or Trustee being authorized to en(er.utiii ,the property fur such purposes;cnmmence, appear It,
and defend anti 'action or pruct•tdinq purputting lit affeeCthe seecurity:hereof'tir the •rights orpuwers Sf,Betw(itiary of
• L• i is''. pay; purchase, tinniest, or rompruluse any icncumbri•e; chi {rge'or lien %hid' in the judgment: of either appears to
be pnur.uriuperiuc.heretu; and tn;exercisuig any such puwera,;incur'any° liability. expend what ever amounts in its absolute
disco :tion it ioaj'dVern nnet sAry therefor Including ctrcl.of evidene or LIttc; employ. monk!. and pay.his reavinable fee,. •
. 16 Should tote .praperty, ur ;any par, ur 'uppiirt•ninir••';therenf :or: right or. interest therein be liken or damaged by
• reason of any public or. ptieate,impmeement, conderttralion pwcceding; tire. eartIquake, or in filly other manner. Beneficiary
may. al Its ,•ptiun, ettmnian.r. appear in and pruaeddc: in its•uiii tome, anyima ion or pr'ot'ecding; or Make any corrp :•smise
or ertllement,'frs connection with etch taking or damage, sad obtain all compensation, awards or other relief therefor. All
such compensation, awards, damages. rights or action and proceeds,. including the pmneds of any policies of insurance
s resting the.pruperty, are hereby assigned to Beneftclar•' who may, i.fter deducting therefrom all its expenses, including
attorney's fecs,•rel. ass• any monies's, received by it. or apply the same on nay indebtedness secured hereby or apply the same
the restoration of the property. LS. it may elee t;Grantor agrees In execute such further ;.v:ignmensof any compensation.
a•s3rd, damages, rights of action and proceeds as Beneficiary or Trustee.may require.
... By accepting payment or any sum secured hereby after its due date, flenefciary does nut w arty its right either to
rt o.;c..te prompt payment when due of all other sums so s, .Ytrusi or to declare default far failure so to pas.
't a•,! : :!-re upo,t ttn:t.•n moues; of fienefida.r;, j,nymcnt of Itz fees and presentation of Ibis Lard ar.d the note
r••r endorsement in case of full re•cnntrytinny, for cancellation and detention). without affecting the liability of any person
•et of the indebtedness Trustee may (al consent •to, the•matiag of any map or plat of said property: (b) join in
grantt::�. �•,•
any ,. ' •,'crrntm; -my reslrir-tk,n themon; (c) ioln in.any subordination or other agreement affecting this
Llred ar.the lien' of . c• 11. ell neon ey: without seamanly, all or any part of thc property. The Grantee In any
necomeyantr may he . „ribad it ,,, 'Yes -•t•'. Ur ,rrt,tet !nails* ea :std thereto' . and the recitals therein of am matters or
:arts stall be oonclusi't• pomp of the truth: . . .
19. Th...)Ih'e%ian of n,Ls, loom., and profits. or the a,..yeeas of fire and other insurance policies nr rampansation ut
,eauds for any taking or damage of the pntperiy, and : •c ap7liratt•t•or release thereof as dorcraid, shall nut rare ar wa:s•
any default nr rutice of default hereunder or invalid"• • •••• done pursuant to such notice.
20. Ihr Grantor co :enints ird agnars that he w111 r• :ua• nr file for retstrd an Instrument .shish Imposes a
:estr'-t!ur I :ii n the Ne or us cup :ncy of the strnred p. per',- e t : basis of race, color. or tend. Upon any violation of ass
. .indtraka : :. •:tr Ileneftctan• ma.. at it_ .]Isar,., declare the t •'. balance of this debt se.urtd hereby imtn•dtately due and
;toy a:tic. .. •
2:. Upon default by Grantor in pay era ni of as indebtedness sr.r ured hereby or in per(omwnco of any agreement
n . der. fertefciary may declare all sums centred hereby Immediately der and pat able. No natter by Itenrfkriary of an
.1e:'.1:111 on the part of Grantor shalt be construed as a outer of ihy subsequent default hereunder. .
_''_s. l'por default by Gnru,r in the payment of any indebtedness secured hereby ur in he
par6.rmaoee of any
r;sne:T at contained herein. 3n sums secured hereby shall imowdietely be.votr due and pas•able at the option ut the
!(.•neftrun•. In each event and upon w Mien rrqutst of Ilenef roar•:. Trumee shall sell the trust property, lit see :.trlar.u• with
the peed of Trust .pct of thc State of tl'ashlniton, al public auction to the ht,hest bidder. Any ,person ess'ept Trainer III
s,:d at Trustre's'sale. i'ru.t a hall ap)dy the prutstds or the Wear ((illus. e t 11 to the •spense of sale. intludite a reasonable
"rutre's lee and rttturnry's fie: I'll 1.1 the obligation ,e un•d t•s this 0hs.1 of Trutt 111 the surplus. f km, ,11,11 ix&
a.ttnbuted In the lwrsan, entitled thereto. Truster shall deliser to the purinav: st the tale its dad. without %arranly w hien
oat: ((rnt• : to the min hater the interest to the pruperty \thigh tiinntur had, or had the power to come. at the tam. d hr
exwu :tun or this Bred of Trust. and snrh as he may hose aerptin•d ihrn•after. r —styes deed shall revile the fart. snnw mg
that the sale was.cnpdutted in rntnnitanua• with all the r;quurmeni of !as. and of this peed of Trust. is nee!. rr(na1 .41311 b•
;tins facie evtdencc li:.ta: h cumpaa•n. and ennrk:site es.drrn.• :htnvl m (n., r of tuna fide parthaten and rn..:tt:nrar,rr
,tor talue, This power of sate ft.nrrrn•d by this Deed of Trutt and be the (feed of Teast Act of ter State of Washington is not
an a :cosily remedy and yhen nut esersiud. ilerrefteta.•y mat fnrerto:e this heed of Tntet as a mortgage in the rt•••••: of the
i••..: •, i. apes-ty or'd,sabd.ty to resignation of'fniut•r, lseneftean -ow appoint in e• ri:tng a sue ct•-Vtr t••titt.V. a ^d a, the
....noting of such appointment in the mite:gags records of the round• In which Isis I)rsd of Trust is recorded. the sr :c••n:
,nstet,►t:all aye settled who. all pose-n t.r they original trustee The Tresae s not ub.igated lu notify any part: hereto u!
N t ding sag under any other Deed nf'Into or or any actiun or proceeding in which grantor. Truttre nt It• :n.•tivar• :ball tn• •
;•arty unless suchaciitri ar ('nrardtne Is twilight by the Trustee. • • '
'Ihr 64 '1 'hall own• 1u a..4 hind the hems. Irgii es, dr- owes. admiris moors. cva•uturf. suret•ssor,. and attocr_s of
ire patties hereto. Alt ••bltekle.t.o• of (motor hereunder up loin' and •,•..•rat. 'Per tern "Hemdivan "shall mean Ibr owner
r.,d t:trder. Ins ludlne p..et,,•s, tt, tttr rout,• .* eun'd hereby. tshethcr or not named as Itenef,etary herein. )throe..., o. rd, the
:near nurntter Usti to,tudr the p:urel. the plural the smeulat.'and the use of any ;ender shah be applicable to all genders I:
:Is 'of the provisions hereof shall be d•tv.m.ned It tnntravene or be fntatit: under tit.. laws of the State of t•a!MoRoei. so, n
•'art :cr:tiun or titsaltdit; ■y3:: ro: in et de:e any other pin• :loans of this agreemr ^t, but it shall Is t:nnstrurd as If rut
e ctain.t,e Ilse, ir_n :REi t pro.e.e.i. r scut :von: held lot he in sated, and all rightt and nhhgatmn: of ter hart•,•s t1,it to
• ...nod and enforced at. nnh:tet}
I. Any n• :tr.e•, t■• rot• cr.rn ... ( :nn :nt Dv Herne ielar: here :End•r q.,tti I.• - .dtitlent if mein: le •,•air
. • of :for pa, rte: Arwrh.+i• or to sues other aade•ss a• .f.i. :or!las wow-sled r:t writing to tt:- t.. .: , •
a... rnt:v, he ern . ' :s tore, period provided in the going of ant nuts:•• hereon:l •r. shall rummrnre .q.::: l :,r date soh
..1•• .,. d••p...ton! in •E,.• enact .
fhrz Ire .. !. •ne nzhs sent( pre dr:•••■ ;amen 1,t tr, t•pt unr, ht Or 11e.11 E! • ...,. , ..( :at
e•nmgt... a• . • ,. • e. ns amendmr nt 11n vet•.
tau
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r. U',th. , „ affecting the tinhitc. of a•r'. ...her 'wren' no the pa. meet .,hl,tiatr„n Ipar•ir. men:.on
rirria lu;; Itrmm■• s s,tsl h••....nset .tad rs:,l pr•rprrl: ! and ndhual affecting the hen hereof •iron an• properl■ 1 .1 r. .sl
Ifrne'r••lan tuns. WithouI milk.•. n•tra.. :5555 prrr.no J. liable. ekteed thy rnalt:rots. nr ,nudd■ the terns of an. :all.:
nlr!Igat,net. of grant other indulgences, miaow or n•- ,.n :r■ sir cause to be relea..•t or ter rns,vr d a: any time All or tn.: pert
of Inc Natty deicribed Lereip, take or releax• any other woolly or make rompn;inon+ or other nanxem•nts ttdb dehtnn
itenegclary inns also accept additiun:J serutit...,Llier concurrently herewith or thereafter, end sell same or otherwise realize
thereon. either hefnre, concurrently. with. or after sale hereunder?'
M tnrss the handls) of the Grenturfs) on the dap and year first abuse written.
� . orfra” (SEA I.I
•ei Scha r
hle- kul,tr,,r' •=1/ rt�,_. - ISEAL)
:Annie ..:c:t•r' far .asr
ISE >LI •
(SE',LI •
• „ .. . 19 , personally appeared before me
:'.c.r.cfret to
hereby really* that on this 13t+r day of
me known to be the individual described to and
who executed the within Instrument, and acknowledged that the:, signed and scaled the same as
free and so'untary art and deed, for the use and purposes therein mentioned.
coven under my hand and official seal the day and year lest above Written.
:t3
TO TRLISTF.E.
Notary Public in and for the State of, t' ngton, residing at
.Lie
.a uEST FOR I'L !. RECO iiVEYANCE
Do not record. Tithe ..rd only when note has been paid
in said count }.
The undrrsirned is the legal owner and holder ^r tit •.id all other indebtedness secured by the within Peed of
Trtst, Sn,'.:,ute, together with .11 utt, • tad: cedmtss secure' b. saw Deed of Truss). has been fully paid and satisfied: and
you are hereby requt-'ted and directed, on payment to you . ,arots,owirg to you under the terms of said Deed of Trust,
to cancel said note above mentioned, and all other evidence of itfdebtc43riesn secured by said Deed of Trust deliceord to you
herewith. together with the said Deed of Trust, and to reco:Ivey, without wertanty,•to.lhr parties designated by the terns of
said Deed of Trust. all the estate now held be' you thereunder. ” • is ,)� �•;;! f:F
Dated
Mail reconvey once to
WAN HIN6 CON
DEEP) OF TRUST
19
I I ED !or I;:' t ...I;::.•( APR ?.?
^trc Unlit Ti It INS CO.
SENTLE WASIL • •
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• . :X.,. •'7".4
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FILED for Record at Request Q:
SECURITY TITLE Ins Co.
SEATTLE. WASH.
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Mule of Washington,
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