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Home My WebLink AboutS_Set-Aside_Letter_VIRT-16204_DEF17004749_171016.pdfIntrustFundingSETASIDELETTERINTRUSTFUNDING,LLC(LENDER)hasondepositinConstructionLoanPVIRT—16204thesumof$349,005.36tocovertheconstructionofDEFERALLSITEIMPROVEMENTSAT16204114THAVESE,RENTONSaidfundswillbedistributedonlyafterINTRUSTFUNDING,LLChas(LENDER)satisfieditselfthattheworktobepaidforhasactuallybeenperformedtothesatisfactionoftheCityofRenton.Thesefundsset-asideshallnotbedisbursedtotheborrower,acontractorworkingfortheborrower,oranythirdpartywithoutthepriorwrittenapprovaloftheCityofRentonandthisloanshallnotbeterminatedorallfundsthereunderdistributedwithoutpriorapprovaloftheCityofRenton.IntheeventVIRTUOSOVENTURES6,LLCfailstocompleteandpay(OWNER)fortheimprovementsasrequiredbytheCityofRenton,allfundsremaininginsaiddepositshallbemadeavailabletotheCityofRentontocompleteandpayforthecostofsaidimprovements.WILLHEATONCAROLYNGOSSETTApplic(PriNameofBaftkOfficer1(Pçint)4/n//flcLMAuthorizedSighatjireLOANOFFICER)Title(Print)OCTOBER11,2017AuthoriiedSignatureMEMBERTitle(PrintOCTOBER11,2017Date14508NE20THSTAddressBELLEVUE,WA98007City,State,ZipDate#200INTRUSTFuNDING.COMTELEPHONE425.8815131•LOANS@INTRUSTEUNDING.COM