HomeMy WebLinkAboutHIL 8212301185 •
City ' of Renton
Home Improvement Loan Program CA6. ors 82__
. Loan Agreement
THIS AGREEMENT is entered' into this i!,941( day of
, 19/.2.. , between the CITY OF RENTON, hereinafter referred
to as the "City", KING COUNTY, hereinafter referred to as the "County", and
Ralph J. Robberstad and Billie J. Robberstad hereinafter referred to as the
"Applicants."
(N WHEREAS low and moderate income homeowners have demonstrated a
rlneed for financing assistance in repairing their homes, and it is in the
y interest of the City to maintain the quality of the housing stock, the City
NJ will assist qualified applicants in securing an interest-free loan;
WHEREAS, the City will make available to qualifying applicants
housing repair financing up to a maximum of $4,000 to be made available from
federal Block Grant funds under the Housing and Community Development Act of
1974, Pub. L. 93-383;
WHEREAS, the City has determined that the applicants are qualified
to participate in the City of Renton Home Improvement Loan Program; and
WHEREAS, the Applicants have agreed with the City on the necessary
repairs to be covered by the loan agreement.
NOW, THEREFORE, in consideration of their mutual promises herein-
after contained, the parties agree as follows:
1. Duty of Applicants. The Applicants agreee to execute and
give to the County an interest-free note and mortgage of even date, copies of
which are attached hereto and incorporated by reference herein as Exhibits B
and C, for the purpose of repaying to the City through the County the amount
of the loan;
2. AMOUNT OF FINANCING. The amount for which the applicants
are liable to repay the County through the above referenced note and mortgage
shall be an amount not in excess of $4,000. The cost of the agreed-upon
repairs shall be exactly determined at the time of completion. Such cost is
estimated to be $ 4,000. , according to the work schedule attached hereto
and incorporated by reference as Exhibit A.
3. Duty of the City and County. The City and its contractor,
the Housing Authority of the County of King, shall be authorized to undertake
and complete the agreed-upon repairs, and King County shall reimburse the City
with Block Grant funds in accordance with the City/County Community
Development Block Grant contract.
IN WITNESS THEREOF, the applicants, the City and the County,
through designated responsible official, set their hands this / day of
� �.G.�✓ , 19/x- .
APPLICANT'S SIGNATURE: FOR THE CITY OF RENTON:
LPT leek174e/142Ct61Dt.tift>deti
MAYOR
ATTEST:`izt-a.r�h• vf'!�
City Clerk
FOR KING COUNTY:
9271' .
a17.
DIRECTOR, DEPARTMENT OF PLANNING AND
COMMUNITY DEVELOPMENT
k '
IZABEVT .
or 1
C. RCN' GUST AVIS Vice Chairmen COUNTY' OF K ! N
(pUAI HOUSING
MRS ROBERT CURRY (QUAL HODS NG WASHINGTON
ROBERT A. O'NEILL
JERRY ROBINSON
HOUSING REHABILITATION DEPARTMc
Executive Doir:ror.
JIM VJILEY
EXHIBIT "A"
KING COUNTY HOUSING REPAIR AGREEMENT
NAME :
Ralph Rohberstad JOB NO . RT-82-099
ADDRESS :
671 Redmond Ave . N . E . PHONE : 255-9361
Renton
Under the terms of the Housing Repair Program , eligible repairs n
Health , Safety Energy Conservation and Building Preservation , to ►
accomplished in that order Of priority.
ELIGIBLE REPAIRS
Remove all moss and debris from roof. Check for damage and make
any necessary repairs to sheathing. Install 15 yr composition
shinnies over _existing .
Install continuous aluminum gutters and downspouts . Include con-
crete splashhlocks .
Install 4 ' 8 ' porch at patio door . Include steps , handrailin
9
for deck and steps, and cedar 2x4 decking .
Install new double bowlstainless steel sink and new taucet . 1n'•
laminate countertop with self edge. Backsplash equal to existing .
Install new 200 amp service and correct all code violations . Ing
separate circuit for dryer . Install proper wiring Tor baseboard
units and replace n�fDsoudreenofJwiringtproblemcin1ba�.tlroorofan lllgnt in
bathroom wall . Fi
and fan switches and make necessary repairs .
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The estimate of the total cost of the above list of repair is $ 41
This estimate is based on current costs of similar repairs , howevt:
each job is different and costs vary, therefore actualoosts will
established by bid proposals.
I acknowledge and agree that this list of repairs is complete and
estimate is reasonable . I further understand that the total amoun
available for all repairs is $ 4000 and I will assist in the s(•
of the contractors to accomplish the repair within the dollar lima
It is agreed that any changes in the above list of repairs must br
approved by myself and tie Housing Authority prior to authorizing
the work to proceed .
ACCEPTED : 44 ,/,a4 L• a ' ' ���� >(�. " �1��/
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EXHIBIT B •
KING COUNTY, WASHINGTON
PROMISSORY NOTE DATE: December 20, 1982
For value received, the undersigned, jointly and severally, promise
to pay to the order of King County in the manner following a sum necessary for
completion of the agreed-upon repairs on the undersigned's property, such sum
estimated to be $ 4,000. but to be exactly determined at the time of com-
pletion of the repairs:
1. This note is given in accordance with the terms of a loan agree-
ment between the parties hereto dated /911-2- -
2. This note is secured by mortgage of even date herewith from
Ralph J. Robberstad and Billie J. Robberstad , Mortgagor, to King County,
Mortgagee, encumbering certain real estate therein described and duly recorded
in the Division of Records and Elections, King County, Washington.
3. It is hereby agreed that payment of said sum shall become due and •
owing when the real estate described in the subject mortgage is sold, conveyed
or transferred.
4. Each maker and endorser of this note hereby waives presentment,
demand, protest and notice of dishonor and hereby agrees to remain bound for
the payment of this note notwithstanding any extension or extensions of time
payment of it or of any part of it made by agreement with any one or more of
the parties hereto either before or after maturity.
5. Each maker and endorser of this note has the right to pay in full
the principle sum of this note, according to a schedule of payment agreeable
to the County, at any time prior to the said sum becoming due and ,owing, in
which case the obligation represented by this note shall be deemed fully satis-
fied.
6. If payment of this note or any partial payment thereof shall not
be made at maturity and any action is brought to enforce collection thereof,
the undersigned agrees to pay cost of attorney fees incurred in such action.
Signed: Address:
/49,12, 7p4)/ A„Mot4-6,c1 671 Redmond Avenue N.E.
Renton, Washington
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EXHIBIT C
MORTGAGE
.� day of .CY2�'��= `-a-t 19.6i, between
THIS INDENTURE MADE THIS �.._ mortgagor,
Ralph J. Robberstad and Billie - •
and King County, mortgagee;
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WITNESSETH:
That the mortgagor , for and in consideration of a sum not to exceed S4,000.00
CD
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:v which sum shall be equal to the cost of completing the agreed-upon repairs on the be ow-
cribed property pursuant to the King County Housing Repair Program, authorized by
oo• des bargain,
King County Ordinance 3269, as amended, do by
these presents mortgage, grant,
sell, convey, and confirm unto the mortgagee, and to its assigns,
the following
described real estate, together with all and singular tenements, hereditaments, and
appurtenances there unto belonging:
. nri;C1Rf1ED 1Ni`; (it.
BEc 3fl 3 06 PMT
LEGAL DESCRIPTION: BY 1 NE: DivDi
RE('Qhib tLEvTlQf+i'.
(671 Redmond Avenue N.E. , Renton, Washington) 0(7 COUNT 1'
Lot 10 in Block 1 of Albert Balch' s President Park No. 4, as per plat
recorded in Volume 51 of Plats, on page 14, records of King County;
Situate in the City of Renton, County of King, State of Washington.
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a2.'12/30 41. 165
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RECD F .00
fA,_HCL *:4::$::4.4.• 0 II
22
This conveyance is intended as a mortgage to secure the payment of a sum not to
exceed $4,000.0q which shall be equal to the cost of completing the agreed-upon repair-
on the abnve described property, such sum payable to King Ccunty according to the term
and conditions of that certain Promissory Note bearing date
Z j3
/ f'.2- and all renewals, modifications and extensions thereof, and also securin
the mortgagee. .They
such further sums as may be advanced or loaned to mortgagor by co. The
presents shall be void if such payment be made according to terms and
tion
thereof.
Payment on the Promissory Note and all renewals, modifications and extensio,
thereof incorporated by this Mortgage shall be made to King County Revenue Account N,
36989 for Housing and Communty Development loan payment.
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But in case default be made in the payment of the principal sum of said promissory
note and all renewals, modifications and extensions thereof, when the same shall be due
and payable, according to the terms and conditions thereof, then the mortgagee is hereby
empowered to sell said premises, with all' and every of the appurtenances, or any part
thereof, in the manner prescribed by law, and out of the money arising from such sale to
retain the whole of said principal sum, together with the costs and charges of such
sales, and the surplus, if any there be, shall be paid by the mortgagee making such sale,
n on demand, to the mortgagor , heirs or assigns. And in any suit or other
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'�j proceeding that may be had for the recovering of said principal sum, on either said note
0
cl or this mortgage, it shall and may be lawful for the mortgagee to include in the '
04 judgement that may be recovered, a reasonable sum as attorney fees, together with all
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sums paid by the mortgagee on account of taxes, liens, assessments, abstracts or title
insurance charges, cost of searching records, interest, and fire insurance, with inter-
est at 12% per annum from date of payment.
IN WITNESS WHEREOF, the mortgagor hereunto set hand the day and year
first above written.
leed/IL
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STATE OF WASHINGTON )
: ss.
COUNTY OF KING )
On this 1 3I day of lQO'r1J.j..L4) , A.D. 19.21L4 before me,
the undersigned, a notary publ4 in ond forth tate of ashingt , my coni sioned
an sworn pers ally appeared AQ .
�r, a��,.cs1
toCie known to be individuals describ d in and who executed the foregoing instrument,
and acknowledged to me that signed and
sealed the said instrument as ctd free and voluntary
act and deed for the uses and purposes therein mentioned.
WITNESS my hand and official seal hereto affixed the day and year in this certifi- .
cate above written.
SUESCRIBED AND SWORN to before me this
K -11 day of. lc)Q.Lilmd .U, 19127:
tio(114 z _r_cV6
Y POBLIC in and for the St to of
Washington, residing at K0. •
( . 1�. 1 .j P'..:�1L'i)l OI
Mail to: fl '�.��� 1 7 !,'`,
King County Housing Rehabilitation •
1718 Smith Tower
Seattle, WA 98104
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