HomeMy WebLinkAbout1985 - Assignment of Leases and Rents - Nendel's Tukwila Associates - 85100411818510041181
ASSIGnMENT OF LEASES and RENTS
KNOW ALL MEN BY THESE PRESENTS,, that NENDEL'S TUKWILA ASSOCIATES
a Hashington qeneral partnership
- ssIgnor, in consi eration or I en Uo I I ars and in consideration of the making
of the mortgage loan set forth hereinafter, and other good and valuable
consideration paid by UNITED STATES NATIONAL BANK OF OREGON, a national banking
association, Assignee, hereby assigns unto the assignee all rents, income, profits,
royalties, bonuses, and /or benefits arising from the following described land.
See attached exhibit "A" for legal description
FILED FOR RECORD AT REQUE�7 CF
SAFECO TITLE INSURANCE COMPANY
2615 4th AVENUE. SEATTLE. VA 33!2
TO HAVE AND TO HOLD the same unto the assignee, and to the successors and
assigns of the assignee forever.
THE AFORESAID is to be held by the assignee as collateral security for the
payment of the principal and interest provided to be paid in certain Deed of Trus:
c{ given by NENDEL'S TUKrlILA ASSOCIATES a Washington
� general partnership
to UN N N , a nat�ona an ing assoclatTOn, in the scm
7 of EIGHT MILLION ONE HUNDRED THOUSAND AND NO/100 -----------------------------------
----------------------------------- - - - - -- 8 an to turther
H secure the payment of a I I taxes anT assessments due and to 5—come due upon the
to mortgage property under Deed of Trust dated October 1, 1985 , covering the
CO premises herein described, and the acceptance of this- assignment an the payments
hereb %, assigned shall be without prejudice to and shall not constitutz a ;:er
any rights of the assignee under the terms of said Deed of Trust. And it is
expressly understood and agreed by the parties hereto that said assignor reserves
and is entitled to collect and retain the rentals unless and until default occurs in
the performance of said Deed of Trust.
FURTHERMORE, IT IS UNDERSTOOD that this assignment shall not operate to place
responsibility for the control, care, management or repair of said premises upon the
assignee, nor shall it operate to make the assignee responsible or liable for any
waste committed on the property by the tenants or any other party, or for any
dama,ed Cr defcctive co.n. 'tion ns ♦fie �... r.., � 1=
• rrCT'_, Cr ,vany
management, upkeep, repair, or control of said premises resulting in loss or injury
or death to any tenant, licensee, employee or stranger, or any other person or
party.
IN THE EVENT of any default, the assignee is hereby constituted attorney in
fact for the assignor and empowered to collect the rents, income, profits,
royalties, bonuses, and /or benefits hereby assigned, and apply the same, and
further, the assignee shall have the right to enter upon said premises and let the
same, or any part thereof, and collect the rents, income, profits, royalties,
bonuses and /or benefits therefrom which are due or to become due and apply the same
after payment of all charges and expenses on account of said indebtedness.
THE ASSIGNEE SHALL HAVE THE sole and uncontrolled election whether or not it
will exerci�a !'Sn nnwpr, hp:': . . -n.' n � .} n 'ti
cha
. M11
Uu:i�,..LUu- J rj C„c, Cur , Cu CXd7'CiSC Uld Sah,e dL any time',
nor shall the assignee be Iiable�to collect any rents, or .make any repairs, or
disbursem=_nts for maintenance or management.
IT IS FURTHER UNDERSTOOD that no security deposited by the tenant with the
assignor under the terms of the tenancy has been transferred to the assignee, and
that the assignee assumes no liability for any security so deposited.
IT IS FURTHER UNDERSTOOD that the singular shall include the plural and plural
shall include the singular as used herein and this agreement shall be binding upon
the successors, heirs, assigns and personal representatives of the parties hereto,
and all rights hereunder shall in property case inure to the benefit of the assignee
and may be enforced by its or their agents.
IN WITNESS WHEREO -,._said assignor s1 ed this instrument and hereto set hart
z and sr ' this day of �e-- -X- X L -- , fg5r''.
NENDEL'S TUKWILA ASSOCIATES, a Washinc_ton
general partnershin
D
t
R
JQ CE M. EBERT
e•i
tri
o
STATE OF OREGON 1
ss.
County of Multnomah ) �;
THIS CERTIFIES that on this 3rd day of October I985
personally appeared before me, the undersigned, a Notary Public in and for said
County and State, the within named Teddy N. Moore
known to me to be the person of the partnership c'
Nendel s Tukwila Associates W ar.0
ac now e ged to me that e execute said instrument ree y and voluntarily
for the purposes and use therein mentioned on behalf of said partnership.
IN TESTIMONY WHEREOF, I have hereunto set my hand and notarial seal the day and
year last above written.
tG
No ary Public- for r on
My commission expires: c, c/ L/ / <<✓%
efore me:
a
f /
I Nufaq bl1c f0f GNot]pa L_
My commission erplfes
EXHIBIT "A"
That portion of Henry Meader Donation Claim No. 46, lying within Section 24,
Township 23 North, Range 4 East, W.M., in King County, Washington, described
as follows:
BEGINNING at the intersection of the centerline of South 158th Street as the
same was originally established, and the centerline of West Valley Highway
(SS,! 2 -M', ;
thence North 7 040'58" West along centerline of the said West Valley Highway
32.17 feet;
thence South 86 °04'17" West 280.13 feet;
thence North 7 140158" West 20 feet to the TRUE POINT OF BEGINNING of this
description;
thence South 7 140'58" East 20 feet;
~ thence North 86 004'17" East 220 feet to the Westerly line of said highway;
thence Southerly along the Westerly margin of said highway
109.00 feet; South 7 °40'58" East
O
thence South 2 031'16" West 101.61 feet;
O thence South 7 °40'5B" East 285.08 feet;
thence leaving said Westerly margin South 86 °04'17" West to the Easterly bank
of the Green River as now established;
thence Westerly and Northerly along said river bank to a point which bears
South 86 004'17" West to the TRUE POINT OF BEGINNING;
thence North 86 004117" East to the TRUE POINT OF BEGINNING;
1 EXCEPT that portion thereof adjoining the Green River, condemned by the State
of Washington in King County Superior Court.Cause No. 592029;
AND EXCEPT a strip of land 10 feet in width lying Southerly and Southeasterly
of and immediately adjoining the excepted portion first above described;
AND EXCEPT that portion thereof, described as follows:
COMMENCING at the intersection of the centerline of South 158th Street as the
same was originally established, and the centerline of West Valley Highway
(SSH 2 -M) ;
thence North 7040'58" West along centerline of the said West valley Highway
32.17 feet;
thence South 86 004'17" West 60.13 feet to the West margin of said highway;
thence Southerly along the Westerly margin of said highway South 7 °40'58" East
109.00 feet;
thence South 2 031'16" West 101.61 feet to the TRUE POINT OF BEGINNING;
thence North 2 031116" East 101.61 feet;
thence North 7°0159- °t 109.00 f
eat;
thence South 86 04'17" West 220.00 feet;
thence North 7 040'58" West 20.00 feet;
thence South 86 004'17" West 43.78 feet;
thence South 40 West 191.52 feet;
thence South 86° East 290.00 feet to the TRUE POINT OF BEGINNING.
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