HomeMy WebLinkAbout1999 - Second Amendment of Deed of Trust - Stock Jeffrey / Park East Enterprises / Centrum Financial Services - 99020515969902051596
Return Address:
Centrum Financial Services, Inc.
P.O. Box 2243
Seattle, WA 98111 -2243
Document Title(s):
Reference.NUmber(s):
Parties to this
Second Amendment of
Deed of Trust:
Legal Description
COVER :BEET
Second Amendment of Deed of Trust
This Second Amendment of Deed of Trust refers to •
Deed of Trust recorded under King County Recording
Number 9802270562. CHFCAGp j� ��$
1%` �REF#� Y�7 •4
Grantors: Stock, Jeffrey W. and Leanne M.
Park East Building, Inc.
Park East Enterprises
Beneficiary: Centrum Financial Services, Inc.
PARCEL At
Lot 15, WEST CAMPUS BUSINESS PARK, according to the
plat thereof, recorded Ln Volume 97 of Plate, pages
18 through 82, inclusive, in King. County,
Washington.
PARCEL 8:
Tract■ 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.
Assessor's Property Tax
Parcel /Account Number: Parcel At 926480- 0150 -031 Parcel 8: 022310- 0040 -011
Parcel C: 250060- 0551 -01.
SECOND AMENDMENT
OP
DEED OF TRUST
THIS SECOND AMENDMENT OP DEED OP TRUST is made and executed as of
this 5th day of Pebruary, 1999, 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 ie 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 Deed of
Trust encumbers the following described real property:
Parcel A:
Lot 15, WEST CAMPUS BUSINESS PARK, according to the plat
thereof, recorded in Volume 97 of Plata, pages 78 through 82,
(10 . inclusive, in King County, Washington;
I1 Parcel 8:
W4
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Tracts 4 and 5, Andover Industrial Park No. 2, according to the
plat thereof, recorded in Volume 71 of Plate, pages 68 and 69,
Q in King County, Washington;
Parcel C:
Lot 22, Block 5, Federal Highway Addition, according to the
plat thereof, recorded in Volume 30 of Plate, pages 1 and 2, in
King County, Washington;
and which Deed of Trust was amended pursuant to that certain Amendment of
Deed of Trust recorded under King County Recording Number 9805062138;
(B) The parties wish to again amend the Deed of Trust; and
(C) The parties wish to reduce their agreement herein to writing.
AGREEMENT
NOW, THERE ►ORE, in consideration of the mutual promisee and
agreements set forth herein, the parties do hereby agree as follows:
SECOND AMENDMENT OF
DEED OF TRUST
Page 1 of 4
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(1) The following provision sat forth in the Dead of Trust, as
amended, which provide■ a■ follows:
'This deed is for the purpose of securing performance of each
agreement of grantor herein contained, and payment of the sum
of FOUR HUNDRED FIFTY THOUSAND and no /100 DOLLARS ($450,000.00)
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 such 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())"
in hereby amended in its entirety to provide as follows:
"This deed is for the purpose of securing performance of each
agreement of grantor herein contained, and payment of the sum
of FIVE.HUNDRED FIFTY THOUSAND and no /100 DOLLARS ($550,000.00)
with interest, in accordance with the terms of a promissory
note of oven date herewith, payable to Beneficiary or order,
and made by Grantor, and all renewals, modifications and
extensions thereof, and also such further sums as may be
advanced or loaned by Beneficiary to Grantor, or any of their
Ci successors or assigns, together with interest thereon at such
rate as shall be agreed upon."
C. 1•�
remain unchanged.
0
(2) All other terms and conditions of the Deed of Trust shall
IN WITNESS WHEREOF, the parties have executed this Amendment of Deed
of Trust as of the day and year first above written.
SECOND AMENDMENT OF
DEED OF TRUST
Page 2 of 4
PARK LAS : ILD G, NC.
by:
Jed
by
by:
Jsffre
resident
Leanne M. S•'•ck, Secretary
PARK CAST ENTBRPR ES
by
Lea
mss/ / "
f. Sto• , Joint Venturer
Joint Venturer
•
JeffrJ/ j: S •ck, individually
e t ne M. S ock, individually
STATE OF WASHINGTON )
) se.
COUNTY Of KING )
. 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 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 purpoeee
mentioned in this instrument.
,
f'
DATED thi!`a1i0111 February, 1999.
i �, star Publi in and for the
�••,� State of Waahip gton,
C. /// ''' „�,....••'� Residing at Ki1"'�.�{o, �A
• My appointment expires /0_NOI
rd.
l^
t. STATE OF WASHINGTON )
C4 ' ) es.
CD COUNTY OF KING
I hereby certify that 1 know or have satisfactory evidence that
Jeffrey W. Stock and Leanne M. Stock signed thie instrument, on oath stated
that they are authorized to execute the inetrument and acknowledged it an
the mole joint venturers of Park East Enterpriaee, to be the free and
voluntary act of ouch party for the ueee and purposes mentioned in this
instrument.
DATED l7 _Wdy of February, 1999.
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SECOND AMENDMENT OP
DEED Or TRUST
Page 3 of 4
1lotery Public in and for the
tats of Washi gton,
:Residing at 1�% s7V,00
My appointment expires/0•/Y4(
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STATE OF WASHINGTON 1
) es.
cOUNTY or KING
I hereby certify that I know or have satisfactory evidence that
Jet fray W. Stk and acknowledged it� !warms Stock l
to be their fr. andvol voluntary actforintheu uses and
purposes mentioned in this instrument.
DATED this 514" day of February, 1999.
, , tom ►t Notary. Publl�c in and for the
l s �i. State of Was �• ton. ...�
i1. Wi ,' Residing at
;My appointment ex ire
SECOND AMENDMENT OF
DUD OF TRUST
Page 4 of 4
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