HomeMy WebLinkAbout1998 - Amendment of Deed of Trust - Stock Jeffrey / Park East Building Inc / Park East Enterprises - 98050621389805062138
Return Address:
Centrum Financial Services, Inc.
P.O. Box 2243
Eea!tls, WA 98111 -2243
COVER MEET
CHICAGO TITLE INS. CO
REF. yq'33 1 -4
—Document Title(s): Amendment of Deed of Trust 0
ewl
fst Reference Nuaber(s): This Amendment of Deed of Trust refers to a Deed of
Trust recorded under King County Recording Number
CD, 9802270562.
0 Parties to this ;
CO , Amendment of
Q) Deed of trust: Grantors: Stock, Jeffrey W. and Leanne M.
Park East Building, Inc.
Park Eaat Enterprises
Beneficiary: Centrum Financial Services, Inc.
Legal Description PARCEL As Lot 15, WEST CAMPUS BUSINESS PARK, according to the
plat thereof, recorded in Volume 97 of Plats, pages
78 through 82, inclusive, in King County, I
Washington.
0110200 M aiPG CplTY REMUS ME
PARCEL B:
Tracts 4 and 5, Andover Industrial Park No. 2,
according to the plat thereof, recorded in Volume
71 of Plats, pages 68 and 69, in King County,
Washington.
PARCEL C:
Lot 22, Block 5, Federal Highway Addition.
according to the plat thereof, recorded in Volume
30 of Plata, pages 1 and 2, in King County,
Washington.
Assessor's Property Tax
Parcel /Account Number: Parcel A: 926480- 0150 -031 Parcel B: 022310- 0040 -01;
Parcel C: 250060- 0551 -01.
980506213S
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AMENDMENT
OP
DEED OF TRUST
THIS AMENDMENT OF DEED OF TRUST is made and executed as of this 6th
day of May, 1998, by and between Centrum Financial Services, Inc., a
Washington corporation, ( "Centrum "), and JEFFREY W. STOCK and LEANNE M.
STOCK, husband and wife, and PARK EAST BUILDING, INC.. a Washington
corporation, and PARK EAST ENTERPRISES, a joint venture, ( "Borrower ").
RECITALS
(A) Borrower is the Grantor, and Centrum is the Beneficiary, of
that certain Deed of Trust dated February 26, 1998, which Deed of Trust was
recorded under King County Recording Number 9802270562, and which Dssd of
Trust encumbers the following described real property;
Easc•LA2
Lot 15, WEST CAMPUS BUSINESS PARK, according to the plat
thereof, recorded in Volume 97 of Plats, pages 78 through 82,
inclusive, in King County, Washington;
Farcel_e;
Tracts 4 and 5, Andover Industrial Park No. 2, according to the
plat thereof, recorded in Volume 71 of Plats, pages 68 and 69,
in King County, Washington;
Parcel C;
Lot 22, Block 5, .Federal Highway Addition, according to the
plat thereof, recorded in Volume 30 of Plats, pages 1 and 2, in
King County, Washington;
(1) The parties wish to amend the Deed of Trust; and
(C) The parties wish to reduce their agreement herein to writing.
AGREEEMENT
MOW, TNEREFORL, in consideration of the mutual promises and
agreements set forth herein, the parties do hereby agree as follows;
(1) The following provision set forth in the Deed of Trust, which
provides as follows;
AIL,mM UT OF
DUD OF TRUST
Page 1 of 4
' ?his deed is for the purpose of securing performance of each
agreement of grantor herein contained, and payment of the sum
of TRPfl HUNDRED FIFTY THOUSAND and no /100 DOLLARS
(5350,000.00) with interest, in accordance with the terms of a
promissory note of even date herewith, payable to Beneficiary
or order, and made by Grantor, and all renewals, modifications
and extensions thereof, and also much further sums as may be
advanced or loaned by Beneficiary to Grantor, or any of their
successors or assigns, together with interest thereon at such
rate as shall be agreed upon())"
is hereby amended in its entirety to provide as followst
"This deed is for the purpose of securing performance of each
agreement of grantor herein contained, and payment of the sum
of FOUR MUNDRED ►IFTY THOUSAND and no /100 DOLLARS ($450,000.00)
with interest, in accordance with the terms of a promissory
note of ever, date herewith, payable to Beneficiary or order,
and made by Grantor, and all renewals, modification' and
e xtensions thereof, and also such further sums as may be
advanced or loaned by Beneficiary to Grantor, or any of their
e ucceseors or assigns, together with interest thereon at such
rate as shall be agreed upon."
(2) All other terms and conditions of the Deed of Trust shall
remain unchanged.
IN WITNE88 WHEREOF, the parties have executed this Amendment of Deed
of Trust as of the day and year first above written.
AIOIM ON? Of
DIED of TRUST
Page 2 of 4
PARK RAS? oUILPING, INC.
bye
by
Leanne M. Stock, Secretary
Stock, Joint venturer
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STATE OF WASHINGTON
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COUNTY OF KING
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Stock, individually
Leanne M.
Stock, individually
I hereby clutify that I know or have satisfactory evidence that
Jeffrey W. Stock and Leanne N. Stock signed this instrument, on oath stated
that they are authorized to execute the instrument and acknowledged it as
the President and Secretary, respectively, of Park East Building, Inc., to
be the free and voluntary act of such party for the uses and purposes
Mentioned in this instrument.
DATWO.this 6th day of May, 1998.
COUNTY OP KING
Notary MbLLc in and for the
State afWaskiegton,
Residing at Cilitclani. 1/1)
my appointment expire. V71/0
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I hereby certify that I know or have satisfactory evidence that
Jeffrey W. Stock and Leanne M. Stock signed this instrument, on oath stated
that they ars authorized to execute the instrument and acknowledged it as
ths sole joint venturers of Park East Enterprises, to be the free and
voluntary act of such party for the uses and purposes mentioned in this
instrument.
DATED TAis 6th day of May, 1998.
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ANZIONENT 0
DEW OF TRUST
Page 3 of 4
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Notary Pub ic in and for the
State of Washhogtor,
Residing at 4,,Ipflpt, 444
My appointment ,, expires £W17/
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STATS OF WASHINGTON )
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COUNTY OF MIND
I hereby certify that I know or have satisfactory evidence that
Jeffrey W. Stock and Leanne M. Stock signed this instrument and
acknowledged it to be their free and voluntary act for the uses and
purposes mentioned in this instrument.
DATMD4thix 4th day of May, 1998.
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TI 1431t4eirinnA ea. 3
ANEMDMEN? OF
DIME OF TRUST
Page 4of4
Notary Publ in and for the
State of aash�ry�toq,
Residing at li/�fd'rd7V AVM
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