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Home My WebLink About1991 - Subordination Agreement - Gaco Western / First Interstate Bank - 91081514109108151410 Southcenter Parkway / 57th Avenue South / Green River Levee When recorded return to: Name: Address: s=ASHSL s:� s f a :std City,State,Gip: XXI SUBORDINATION AGREEMENT WHEREAS, the undersigned subordinator agrees as follows: FIRST INTERSTATE BANK OF WASHINGTON, N.A., referred to herein as SUBORDINATOR is the holder of a security interest in personal property, dated January 3, 1990, which is recorded under Recording No. 9001030515, records of King County. WHEREAS GACO WESTERN, INC., a Washington corporation, referred to herein as "OWNER is the owner of all the real property described in the security instrument Ln identified above and in Exhibits A and B. co D WHEREAS, OWNER has granted to KING COUNTY, WASHINGTON, THE CITY OF TUKWILA, WASHINGTON, and THE GREEN RIVER FLOOD CONTROL ZONE DISTRICT as tenants in common, their successors, assigns, licensees and permitees, a perpetual and assignable right and easement for the purposes hereinafter stated, over and through, under, along and across all or any part of that certain parcel of land situated in King County, State of Washington, described in Exhibits A and B: i Said right and easement are for the following purposes: The right ,I, v to enter upon the above described land to construct, maintain, <X- A— repair, operate, patrol and replace a flood protection levee, including all appurtenances thereto; reserving however, to the owners, their heirs and assigns, all such rights and privileges in 411�o the land as may be used without interfering with or abridging the rights and easement hereby acquired; subject, however, to existing easements for public roads and highways, public utilities, railroads and pipelines. NOW THEREFORE, the SUBORDINATOR does hereby subordinate all priority rights in the security instrument, identified above, to the easement rights granted to KING COUNTY, WASHINGTON, THE CITY OF TUKWILA, WASHINGTON, and THE GREEN RIV FLOOD (J CONTROL ZONE DISTRICT as tenants in common, their successors, assigns, licensees and permitees, as described in and for the purposes herein stated. Dated 19 9/ SUBORDINATOR (Title) STATE OF WASHINGTON ss n County of King ;x v On this day of V 1914 personally appeared before me &/c pia f�i%;�� toAme known tome the/qss /S j/ of the corpora n a executtedehe witTi'in and foreg instrument, and ackkno eddged said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath stated that he /she was authorized to execute said instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year first above written. NOTARY PUBLIC in and for the State of Residing at SAS; My commission expires EX11113IT A. Green River Levee City of Tukwila Project No. 86 -DR21 Legal Description for Proposed Levee Easement GACO Western Property That portion of the following described Tract "X" lying within a strip of land 30.0 feet in width and having 15.0 feet of width on each side of the centerline of the top of the existing Ievee. Tract "X" That portion of Government Lot 6, Section 35, Township 23 North, Range 4 East, W.M., in King County,Washington, lying southeasterly of the southeasterly margin of County Road Southcenter Parkway, formerly 57th Avenue South and southwesterly of a line described as follows: Commencing at a point from which the southwest corner of said Government Lot 6 bears S0 °58' 10 "W 313.17 feet and N89 °01'50 "W 505.54 feet, said distances being measured respectively at right angles to and along the south boundary line of said Government Lot, said point being marked by an iron pipe set by R.W. Jones and Associates on October 4, 1966; Thence N67 36'00 "W 1.46 feet, more or less, to the southeasterly margin of said County Road and the True Point of Beginning of the herein described line; Thence S67 36'00 "E 1.46 feet, more or less, to said iron pipe; Thence continue S67 36'00 "E 248.63 feet to a concrete monument set by R.W. Jones and Associates on October 4, 1966; Thence continue S67 0 36'00 "E to the bank of the Green River and the terminus of the Cherein described line. -qzt- ALSO that portion of Government Lot 7, Section 35, Township 23 North, Range 4 East, L-'JW.M., in King County, Washington, lying southeasterly of County Road (Southcenter CCDParkway, formerly 57th Avenue South) and lying northeasterly of a line established of C- Warranty Deed recorded August 3, 1973, under Recording Number 7308030425, ;said line being more particularly described as follows: XXI s (Exhibit A. cont.) 0 VD OCR _O Or) Beginning at a point from which the northwest corner of said Government Lot 7 bears S2 °58' 10 "W 313.17 feet and N89 0 01'50 "W 505.54 feet, said distance being measured respectively at right angles to and along the north boundary line of said Government Lot, said point of beginning is marked by a concrete monument which is indicated as Point "A" on survey drawing by R.W. Jones and Associates, Engineers and Surveyors, dated October 6, 1966, and entitled Boundary and Topographic Survey of a portion of Government Lots 6 and 7, Section 35, Township 23 North, Range 4 East, W.M., in King County, Washington; Thence S67 °36'08 "E 248.63 feet to a concrete monument set by said engineers and surveyors on October 4, 1966, and indicated as Point "B" on said survey drawing; Thence S23'57'22 "W 208.79 feet to a concrete monument also set by said engineers and surveyors, said monument marking the intersection with a line at right angles, said line to be referred to hereinafter in this description as the southwesterly line of the Gaco- Western Tract; Thence continuing S23 °57'22 "W 138.76 feet; Thence N66 °02'38 "W along a line parallel to said southwesterly line of the Gaco- Western Tract 5.39 feet to a concrete monument; Thence continuing N66 °02'38 "W 244.61 feet, more or less, to an intersection with the southeasterly line of 57th Avenue South; Thence southwesterly along said road margin 5.14 feet, more or less, to an intersection with the northwesterly extension of the northeasterly face of the Alaska Seavan Building and the True Point of Beginning of the line herein described; Thence S66 °02'38 "E along said extension and along said northeasterly face of said building and along the southeasterly extension of said building line 280. feet, more or less, to the bank of the Green River and the terminus of the herein described line. End of Tract "X" q 6 SE 1/4 SW 1 /,4 of SEC. 35 7 l .23 N.,RG. 4 E.,W.M K I.N G COUNTY, WASHIN I h e• f /J rlrfa •O lra.fl O. YrM awGa 1j J re l ary /ra•w11 a•r.• O[w.1 w01a er IJ s.11 •.o.fraui,na• 1 .w o1 u111 (r Ir1. 1! anvrMal )1.I 11'...1.. Ior.e Nr,o.n♦ 1�l.ar. t a r/ Q o A W P LNG 6� d n nv mil. M I•Ir •1NI 11.11 t trM u3V 7 111, tr 1• 1 'N'uo• fJt te\ auk i r..Ot II.M r •IU+n 60VT I Ll YIK I �r1��nrr 6 IuY� i I. 1a a.+rlK It 'N'00' Wt f1T 1• i•la I v1w, w1• 1r r•.•1\f\ tu.. r ot u•1, Wi., /rrf 1.1 fa •a I Ih'1 r Ir 1..a rma 1•Ir t11n11•. M to 11 •ta .aI _C Lr) cc CD C:ri Gc— E mll.- $g p�0(o900g f "IN! ra[I Wa.N1 to-11.1a1 Poe 111tt 1rfVr.Kt ..f "t-40 61 \..tl t11t6 f0••hr1 Of —&I*r Mt. .fa 0-090 r0 al..Ia ..1 !a.•fN SuRKr foot GACO WESTERN INC. H.M. Io.. a net 89188.00 ar il. R. a. 1 S O' MEM N N