Loading...
HomeMy WebLinkAbout1991 - Deed of Trust - Popejoy Tim / Popejoy Linda - 91073002869107300286 AFTER RECORDING, RETURN TO: PHOENIX MORTGAGE L INVESTMENT, P.O. BOX C97013 LYNNWOOD, WA 98046.9713 Loan No. 5000380 RECEIVED THIS DAY For Recording Dotal DEED OF TRUST THIS DEED OF TRUST ('Security Instrument") is made on J U L Y 23 19 91 . The grantor is TIM POPEJOY AND LINDA POPEJOY, HUSBAND AND VI FE ('Borrower'). The trustee is CHICAGO TITLE INSURANCE COMPANY ('Trustee'). The beneficiary is PHOENIX MORTGAGE L INVESTMENT, INC., A WASHINGTON CORPORATION , which is organized and existing • C undcr the laws of THE STATE OF WASHINGTON , and whose address is 3500 188114 STREET S.W., LYNNW00D, WA 98031 ('LCnder'). Borrower owes Lender the principal sum of O X E HUNDRED SIX THOUSAND AIM N 0 / 1 0 0 CD Dollars (U.S. $ 106,000.00 ). This debt is evidenced by Borrower's note co dated the same date as this Security Instrument ('Note'), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on AUGUST 1. 2021 This Security Instrument secures to Lender. (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) thc payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements under this Security Instrument and the Notc. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property Located in KING COUNTY County, Washington. d CG LOT 6, BLOCK 5, ADAMS HOME TRACTS, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 11 Of PLATS, PAGE 31, IN KING COUNTY, WASHINGTON. which has the address of 4811 SOUTH 146TH STREET SEATTLE [Smell (Gly) Washington 911168 ('Property Address'); (Zip gel TOGETHER WITH all the improvements now or hereafter erected on thc property, and all casements, appurtenances, and fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Security Instrument. All of thc foregoing is referred to in this Security Instrument as thc 'Property.' BORROWER COVENANTS that Deflower is lawfully seised of thc estate hereby conveyed and bas the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. THIS SECURITY INSTRUMENT combines uniform covenants for national use and nonuniform covenants with limited variations by jurisdiction to constitute a uniform security instrument covering real property. WASHINGTON - Single Family— FNMA /FHLMC UNIFORM INSTRUMENT PM661 /0I (pose 1 of Spam) FORM3040 9/00 i ui VIS 0 co 0: U)UJ W CO 1111 LL'. LL 4( _„„ I— Z Z �. UJ 'O N = lL 1— Uf � O'I z W O z Loan No. 5000390 UNIFORM COVENANTS. Borrower and Lcndcr covenant and agrec as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowcr shall promptly pay whcn due thc principal of and interest on the debt evidenced by the Notc and any prepayment and late charges due under the Note. 2: Funds for Tuxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrowcr shall pay to Lender on the day monthly payments arc due under the Notc, until thc Notc is paid in full, a sum ('Funds') for: (a) yearly taxes and assessmcnts which may attain priority over this Security Instrument as a lien on the Property (b) yearly leasehold paymcnts or ground rcnts on the Property, irony; (c) ycarly hazard or property insurance premiums; (d) yearly flood insuranc premiums, if any (e) yearly mortgage insurance premiums, if any and (1) any sums payable by Borrower to Lender, in accordancc Kith the provisions of paragraph 8, in Iicu of the payment of mortgage insuranc premiums. Thcsc items arc called 'Escrow Items.' Lcndcr may, at any timc, collect and hold Funds in an amount not to exceed the maximum amount for a lender for a federally rclatcd mortgage loan may require for Borrower's escrow account under the federal Real Estate Settlement Proccdures Act of 1974 as amended from time to time, 12 U.S.C. § 2401 et seq. ('RESPA'), unless another law that applies to thc Funds sets a lesser amount. If so, Lender may, at any time, collect and hold Funds in an amount not to carnal thc lesser amount. Lcndcr may estimate the amount of Funds due on thc basis of curtail data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. The Funds shall be held in un institution whose deposit. arc insured by a federal agency, instrumentality, or entity (including Lender if Lender is such or: institution) or in any Federal Home Loan Bank. Lender shall apply the Funds to pay thc Escrow Items. Lcndcr may not charge Borrower for holding and applying the Funds, annually analyzing thc escrow account, or verifying the Escrow Bons, unless Lcndcr pays Borrowcr interest on the Funds and applicable law permits Lcndcr to make such a charge. However, Lcndcr may require Borrower to pay a onetime charge for an independent real estate tax reporting service used by Lcndcr in connedion with this loan, unless applicable law provides otherwise. Unless an agreement is mudc or applicable law rcquircs interest to be paid, Lender shall no be required to pay Borrowcr any interest or earnings on thc Funds. Borrower and Lender may agree in writing, however, that interest shall be paid on the Funds. Lcndcr shall givc to Borrowcr, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was madc. The Funds arc pledged as additional security for the sums sccurcd by this Security Instrument. If flu Funds held by Lcndcr cxceed the amounts permitted to be held by applicable law, Lcndcr shall account to Borrower for thc excess Funds in accordancc with thc requirements of applicable law. If the amount of the Funds held by Lcndcr at any time is not sufficicnt to pay the Escrow hems when due, Lender may so notify Borrower in writing, and, in such ease Borrowcr shall pay to Lcndcr the amount necessary to make up the deficiency. Borrowcr shall make up the duticicncy in no more than twelve monthly payments, at Lender's solo discretion. Upon payment in full of all sums scoured by this Security Instrument , Leader shall promptly refund to Borrowcr any Funds held by Lender. If ,undcr paragraph 21, Lcndcr shall acquire or sell the Property, Lender , prior to the acquisition or sale of the Property, shall apply any funds held by Lcndcr at the timc of acquisition or sale as a credit against the sums sccurcd by this Sacurdy Instrument. M 3. Application of Payments. Unless applicable law provides otherwise, all payments rcccived by Lcndcr undcr 1• paragraphs 1 and 2 shall bc applied: first, to any prepayment charges due under the Note; second, to amounts Payable 0 under paragraph 2; third, to interest duc; fourth, to principal duc; and last, to any late charges duc under thc Note. •Q.) 4. Charges; Liens. Borrowcr shall pay all taxcs, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Sccurity Instrument, and leasehold payments or ground rents, if any. Borrowcr shall pay these obligations in the manncr provided in paragraph 2, or if not paid in that manner, Borrowcr shall pay them on time directly to the person owcd payment. Borrowcr shall promptly furnish to Lcndcr all notices of amounts to be paid under this paragraph. If Borrowcr makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing thc payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrowcr: (a) agrees in writing to thc payment of thc obligation sccurcd by the lien in a manner acceptable to Lender, (o) contests in good faith the lien by, or defends against enforcement of thc lien in, legal proceedings which in the Lender's opinion operate to prevent thc enforcement of thc lien; or (c) sccures from thc holder of the lien an agreement satisfactory to Lcndcr subordinating thc lien to this Sccurity Instrument. ((Under determines that any part of the Pro arty is subjcct to a lien which may attain priority ovcr this Sccurity Instrument, Lcndcr may givc Borrowcr a notice identifying the Iicn. Burrower shalt satisfy the lien or take ono or more of the actions set forth above within 10 days of the giving of notice. 5. Iluzard Insurance. Borrowcr shall keep the improvements now existing or hereafter crated on the Property insured against loss by firc, hazards included within the term 'extended covcragc' and any other hazards, including floods or flooding, for which Lcndcr requires insurance. This insurancc shall be maintained in thc amounts and for thc periods that Lcndcr requires. The insurance carricr providing the insurance shall be chosen by borrower subject to Lender's approval which shall not in unrcasonably withhold. If Borrowcr fails to maintain covcragc described above, Lender may, at Lender's option, obtain covcragc to protcd Lcndcr's rights in the Property in accordancc with paragraph 7. All insurancc policies and renewals shall be acceptable to Lcndcr and shall include a standard mortgage clause. Lcndcr shall have the right to hold thc policies and renewals. If Lcndcr requires, Borrowcr shall promptly givc to Lender all receipts of paid premiums and renewal notices. In the event of loss, Borrowcr shall give prompt notice to the insurancc carrier and Lcndcr. Lcndcr may makc proof of loss if not madc promptly by Borrowcr. Unlcss Lender and Burrowcr otherwise agree in writing, any application of procccds to principal shall not cxtcnd or postpone the duc date of the monthly payments referred to on paragraphs 1 and 2 or change the amount of the payments. If undcr paragraph 21 the Property is acquired by Lender, Borrower's rights to any insurancc policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lcndcr to the extent of the sums sccurcd by this Security Instrument immediately prior to the acquisition. 4. Occupancy, Preservation, Maintenance and Protection of the Proper*); Borrower's Loan Application; Leaseholds. Borrowcr shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Sccurity Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after thc date of occupancy, unless Lcndcr otherwise agrces in writing, which consent shall not bc unrcastrnably withheld, or unless extenuating circumstances exist which arc beyond Borrower's control. Borrowcr shell not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on the Property. Borrowcr shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in Lcnder's good faith judgment could result in forfciturc of the Property or otherwise materially impair the Iicn created by this Security Instrument or Lender's security interest. Borrowcr shall also be in default if Borrowcr, during the loan application process, gave materially false or inaccurate information or statements to Lcndcr (or failed to provide Lcndcr with any material information) in connection with the loan c'.idenced by thc Note, including, but not limited to, representations concerning Burruwer's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrowcr shall comply with all the provisions of the ]case. If Burrowcr acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lcndcr agrees to the merger in waiting. WASHINGTON - SinOle Family- Fannin Moo /Freddlo Mao UNIFORM INSTRUMENT PM61•1/9t plasc 2 of wage) FORM 304s 9 /90 . ', Loan No. 5000380 7. Protection of Lender's Rights In the Property. If Borrower fails to perform thc covenants and aarccmcnts contained in this Sccurity Instrument, or there is a Icgal rocecding that may significantly affcct Lcndcr's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce Taws or regulations), then Lender may do and pay for whatever is necessary to protect the valuc of the Property and Lcndcr's rights in thc Property. Lender's actions may include paying any sums sccurcd by a lien which has priority over this Sccurity Instrumcnt, appearing in court, paying reasonable attorneys' fees and entering on the Properly w make repairs. Although Lender may take action under this paragraph 7, Lendcr does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower sccurcd by this Security Instrumcnt. Unlcss Borrowcr and Lcndcr agrcc to othcr tcrms of payment, thcsc amounts shall bear interest from the date of disbursement at thc Notc rate and shall be paya'rle, with interest, upon notice from Lcndcr to Borrower requesting payment. S. Mortgage Insurance. If Lcndcr required mortgage insurance as a condition of making thc loan secured by this Security Instrument, Borrower shall pay the premiums required to maintain the mortgagc insurancc in cffcct. If, for any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums rcquircd to obtain covcragc substantially cquivalcnt to the mortgagc insurancc prcviously in cffcct, at a cost substantially cquivalcnt to the cost to Borrower of thc mortgagc assurance prcviously in effect, from an altercate mortgage insurer approved by Lcndcr. If substantially cquivalcnt mortgage insurance coverage is not available, Borrowcr shall pay to Lcndcr each month a sum equal to one•lwcIfth of the yearly mortgage assurance premium being paid by Borrower when the insurance coverage lapsed or ceased to bc in cffcct. Lcndcr wdl accept, use and retain these payments as a loss reserve in lieu of mortgagc insurancc. Loss rcscrvc payments may no longer be required, al thc option of Lcndcr, if mortgage insurancc covcragc (in thc amount and for the period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained. Borrowcr shall pay the premiums rcquircd to maintain mortgagc insurance in effect, or to provide a Loss reserve, until thc requirement for mortgagc insurancc ends in accordance with any written agreement between Borrowcr and Lendcr or applicable law. 9. Inspection. Lender or its agcnt may makc reasonable entries upon and inspections of the Property. Lender shall give Borrowcr noticc at thc timc of or prior to an inspcction specifying reasonable cause for the inspection. 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or othcr taking of any part of thc Property, or for conveyance in lieu of condemnation, arc hcrcby assigncd and shall bc paid to Lender. in thc event of a total taking oldie Property, the procccds shall be applied to the sums secured by This Security 6 Instrument, whcthcr or not thcn due, with any excess paid to Borrower. In the event of a partial taking of the Property in G� which the fair market value of the Properly immediately before thc taking is equal to or greater than the amount of the CV sums sccurcd by this Security Instrument immediately before the taking, unless Borrower and Lcndcr otherwise agrcc in to writing, the sums fraction: (a) the total amount tof Instrument thc ums secured immcdiatcly thc bc[oaa the of taking, proceeds ivided by (b) multiplied he fair market tivaluc of the Properly immediately before the taking. Any balance shall be paid to Borrowcr. In thc event of a partial taking of the Properly in which the fair markct value of the Property immcdiatcly before the taking is Icss than the amount of the sums secured immcdiatcly before the taking, unless Borrowcr and Lcnder otherwise agrcc in writing or unless Q7 applicable law otherwise provides, the procecds shall bc applied to the sums secured by this Sccurity Instrument whcthcr or not the sums arc thcn duc. If the Property is abandoned by Borrower, or if, aftcr noticc by Lcndcr to Borrower that thc condemnor offers to make an award or settle a claim for damages, Borrowcr fails to respond to Lender within 30 days aftcr the date thc noticc is given, Lcndcr is authorized to collect and apply the procccds, at its option, tither to restoration or repair of the Property or to the sums secured by this Sccurity Instrument, whcthcr or not thcn duc. Unless Lcndcr and Borrowcr otherwise agrcc in writing, any application of proceeds to principal shall not extend or postpone thc duc date of thc monthly payments rcfcrrcd to an paragraphs 1 and 2 or change the amount dutch payments. 11. Borrower Not Released; Forbearance By Lender Nat a Waiver. Extcnsion of the timc for paymcnt or modification or amortization of thc sums sccurcd by this Sccurity Instrument granted by Lcndcr to any successor in interest or Burrower shall not operatc to rcicasc the liability of the original Borrower or Borrower's successors in intcrest. Lcndcr shall not bc required to commence proceedings against any successor in interest or refuse to extend time for paymcnt or otherwise modify amortization of the sums sccurcd by this Sccurity Instrumcnt by reason of demand madc by the original Borrower or Borrower's successors in interest. Any forbearance by Lcndcr in exercising any right or rcmcdy shall not bc a waiver of or preclude thc exercise of any right or remedy. 12. Successors and Assigns hound; hint and Scvernl Llubilit); Co-Signers. The covcnants and agreements of this Security Instrument shall bind and benefit thc successors and assigns of Lender and Borrowcr, subject to thc provisions of paragraph 17. Borrower's covcnants and agreements shall bc joint and several. Any Borrowcr who co-signs this Security Instrument but does not execute the Note: (a) is co- signing this Sccurity Instrument only to mortgagc, grant and convcy that Borrower's interest in the Property under the terms of this Sccurity Instrument; (b) is not personally obligated to pay the sums secured by this Sccurity Instrumcnt; and (c) agrees that Lcndcr and any othcr Borrower may agrcc to extend, modify, forbear or makc any accommodations with rcgard to thc tcrms of this Sccurity Instrument or the Notc without that Borrower's consent. 13. Loon Charges. If thc loan secured by this Sccurity Instrument is subjcct to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to bc collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall bc reduced by the amount necessary to reduce thc charge to the permitted limb; and (b) any sums already collected from Borrowcr which exceeded permitted limits will be refunded to Borrower. Lcndcr may choose to makc this refund by rcducing the principal owcd under the Notc or by making a direct paymcnt to Borrowcr. If a refund rcduccs the principal, the reduction will bc treated as a partial prepayment without any prepayment charge under the Notc. 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any othcr address Borrowcr designates by noticc to Lender. Any noticc to Lender shall be given by first class mail to Lender's address stated herein or any other address Lcndcr designates by noticc to Borrowcr. Any notice provided for in this Sccurity Instrument shall bc deemed to have been givcn to Borrowcr or Lender when given as provided m this paragraph. 15. Governing Low; Severublllly. This Security Instrument shall bc governed by federal law and the law of the jurisdiction in which thc Property is located. In the event that any provision or clause of this Sccurity Instrument or the Note conflicts with applicable law, such conflict shall not affect othcr provisions of this Sccurity Instrument or the Note which can be given cffcct without the conflicting provision. To this end the provisions of this Sccurity Instrumcnt and the Nute arc declared to Ica severable. 16. Ilorrowcr's Copy. Dorrowcr shall be given one conformed copy of the Notc and of this Security Instrument. WASHINGTON —Singlo Family— Fannie Mae/Riddle Mee UNIFORM INSTRUMENT PM61.1/91 ;page J o/J page) FORM 3018 9/a0 .,...., .i J Loan No. 5000380 17. Transfer of the Property or u Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lcndcr if exercise is prohibited by federal law as of thc date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of net Icss Than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security instrument. If Borrower fails to pay these sums prior to thc expiration of this period, Lender may invoke any remedies permitted by this Security instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstnte. if Borrower meets certain conditions, Borrower shall have the right to have enforcement of This Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Properly pursuant to any power of sale contained in this ain Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower. (a) pays Lender all sums which then would be due under this Security Instrument and the Note as lino acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the Iicn of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acccicration had occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 17. 19. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the 'Loan Scrvicer') that collects monthly payments due under the Note and this Security Instrument There also may be one or more changes of the Loan Seri/jeer unrelated to a salt of the Note. If there is a charge of the Loan Scrvicer, Borrower will be given written notice of the change in accordance with paragraph 14 above and applicable law. Thc notice will state the name and address of the new Loan Scrviccr and the address to which payments should be made. The notice will also contain any other inforrnation required by applicable law. 20. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting Sthe Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, tU use, or storage on thc Property of small quantities of Hazardous Substances that arc generally recognised to be appropriate p to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lcndcr written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental r'•••• Law of which Borrower has actual knowledge. if Borrower learns, or is notified by any governmental or regulatory - authority, that any removal or other remediation of any Hazardous Substance affecting thc Property is accessary, Borrower p shall promptly take all necessary remedial actions in accordance with Ensironmental Law. As used in this paragraph 20, 'Hazardous Substances' ate those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volutile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 20, 'Environmental Law means federal laws and laws of the jurisdiction where the Property is located that relate to health, safely or environmental protection. NON•UNIGORhi COVENANTS. Borrower and Lender further covenant and agree as follows: 21. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Horrower's breach deny covenant or agreement In lids Security Instrument (but not prior to acceleration under paragraph 17 unless uppllcuble law provides otherwise). The notice shell specify: (a) the default; (b) the action required to cure the default; (c) u date, not less than 30 days from the dale the notice is given to Borrower, by which the defuult must be cured; and (d) that failure to air the default on or before the date specified to the notice may result In acceleration of the sums secured by this Security Instrument and sale of the Properly at public auction of a dute not Ids than 120 days is the future. The notice shall further Inform Borrower of the right to reinstate after acceleration, the tight to bring a court uctlon to assert the non.exlstence of u default or any other defense of Borrower to acceleration and sale, and any other mutters required to be Included In the notice by applicable law. if the default Is not cured on or before the date specified in the notice, Lender ut Its option may require Immediate payment In full of all sums seared by this Security Instrument without further demand and may invoke the power of sale and nny other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred In put-suing the remedies provided In this paragraph 21, Including, but nut limited to, reasonable attorneys' fees and costs orinUk evidence. If f.endLT Invokes the power or sule, Lender shull give written notice to Trustee of the occurrence of an event of default and of Lender's election to cause the Property to be sold. Trustee and Lender shall take such action regardlog notice of sale and shall give such notices to Borrower uad to other persons is applicable law may require. After the time required by applicable luw and utter publication of the notice of sole, Trustee, without demand on Borrower, shall sell the Property ut public auction to the highest bidder ut the time and place and under the terms designated In the notice of sole in one or mom parcels and In uny urderTrustee determines. Trustee may postpone sale of the Properly for a period or periods permitted by upplicable law by public announcement of the lime and place fixed In the notice of sale. Lender or Its designee may purchusc the Property at nny sale. Trustee stall deliver to the purchaser Trustee's deed conveying the Property without any covenant or warruoty, expressed or implied. The recitals In the Trustee's deed shall be prima fade evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale In the following order. (a) to all expenses (lithe sale, Including, but not limped lo, reasonable ultorneys' fees; (b) to all sums secured by this Security Instrument; and (e) uny excess to the person or persons Iegully entitled to It or to the clerk of the superior court of the county In which the sole took plus. 22. Reconveyunce. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustcc to rcconvey the Property and shall surrender this Security Instrument and all notes evidencing dcbt secured by this Security Autrumcnt to Trustee. Trustee shall rcconvcy the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 23. Substitute Trustee. In accordance with applicable law, Lender muy from time to time appoint a successor trustee any Trustee appointed hereunder who has ceased to act. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 24. Use of Properly. Thc Property is not used principally for agricultural or farming purposes. WASHINGTON — Single Family— Fannie Mar /Fteddle Mac UNIFORM INSTRUMENT PM&1.1/91 !pare o /Spages) FORM 3045 9/90 I LoanNo. 5000380 2S. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and ogreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the tider(s) were a part of this Security Instrument. (Check applicable box(es)1 ❑ Adjustable Rate Rider ❑ Condominium Rider ❑ 1 -- 4 Family Rider ❑ Graduated Payment Rider ❑ Planned Unit Development Rider ❑ Biweekly Payment Rider ❑ Balloon Rider ❑ Rate Improvement Rider ❑ Second Home Rider ❑ Other(s) (specify) BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any rider(a) executed by Borrower and recorded with it. STATE OF WASHINGTON County of Doan Woo Ilga Una FarAcknawtedprell }SS: On this day personally appeared before me TIN 1. POPEJOT AND LINDA L. POPEJOT to me known to be the individual (a) described in and who executed the within and foregoing instrument, and acknowledged that THEY signed the same as T H E t a free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this QTARr day of Notary Public in for tLc Stam of Washington g at My appointment expires on f -0.1-?.. S/ WASHINGTON - Sings Family— Fannie Mesa /Freddie Mao UNIFORM INSTRUMENT PMBt4/91 tpgrtSo/Spoacrl FORM 3048 0 /p0 • Z =mss W re 2 6 J U: U 0` • c CO = . . W• Or}r to tit Z I-: I-- 0. Z 11J w 0 Y2 W W; H L1-'6 Z