HomeMy WebLinkAboutHIL 8407130677 !r 1
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E)3lI$IT C
(iii) MORTGAGE
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CY) THIS INDENTURE MADE THIS 13th day of July , 19 84 , between
Gordon L. Rich and Linda G. Rich , mortgagor,
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co and King County, mortgagee;
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WITNESSETH:
That the mortgagor s , for and in consideration of a sum not to exceed $2,500.00
which sum shall be equal to the cost of completing the agreed-upon repairs on the below-
' described property pursuant to the King County Housing Repair Program, authorized by
King County Ordinance 3269, as amended, do by these presents mortgage, grant, bargain,
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: •
LEGAL DESCRIPTION: (1155 Aberdeen Avenue N.E. , Renton, Washington 98056)
All of tract 24, Harries Garden Home Tracts, accoring to the plat
recorded in Volume 34 of plats, page 38, in King County, Washington;
except that portion described as follows: '
Starting at the southeast corner of tract 24 of HARRIES GARDEN HOME
TRACTS; thence north 20 feet parallel to 112th Avenue Southeast to the •
true point of beginning; thence west 174. 11 feet parallel to the south
line of said tract 24; thence north 80 feet parallel to 112th Avenue
Southeast to the north line of tract 24; thence east 174. 11 feet to the west
•line of 112th Avenue Southeast; thence south 80.feet to the true point of
beginning.
Auditor's File #7701030205.
SUBJECT TO: Restrictions, reservations, ' easements, covenants, conditions,
agreements and slope rights of record.
84/07/13 #0677 E
RECD F .00
CASHSL ***»:*.00
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This conveyance is intended as a mortgage to secure the payment of a sum not to
exceed $2,500.00 which shall be equal to the cost of completing the agreed-upon repairs
on the above described property, such sum payable to King County according to the terms
and conditions of that certain Promissory Note bearing date July 13, 1984
and all renewals, modifications and extensions thereof, and also securing
such further sums as may be advanced or loaned to mortgagors by the mortgagee. These
presents shall• be void if such payment be made according to terms and conditions
thereof.
Payment on the Promissory Note and all renewals, modifications and extensions
thereof incorporated by this Mortgage shall be made to King County Revenue Account No.
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 appurtenant<_5, or any
t. thereof, in the manner prescribed by law, and out of the money arising from such sale to
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retain the whole of said principal sum, together with the costs and charges of such
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sales, and the surplus, if any there be, shall be paid by the mortgagee making F,„.. sale,
..qct on demand, to the mortgagor s , their heirs or assigns. And in any suit or other
proceeding that maybe had for the recovering of said principal sum, on either said note
or this mortgage, it shall and may be lawful for the mortgagee to include in the
judgement that may be recovered, a reasonable sum as attorney fees, together with all
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 mortgagors hereunto set their hands the day and year
first above written.
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on L. ich
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CZ-.tel
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Gord
,STATE.OF. WASHINGTON ) -
Ss. Lina is
COUNTY OF KING )
On this 1;1-11 day of sILI) , A.D. 191g before me,
the undersigned, a notary public in an¢4for the State of Washington, duly commissioned
. and sworn personally appeared enen„vvh, L ane0 L,N rm <o. ,Cif
to me known to be individual_& described in and who executed the foregoing instrument,
and acknowledged to me that signed and
sealed the said instrument as (I, I , 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.
SUBSCRIBED AND SWORN to before me this
-Lti day of ';� , 19L:
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ViSTAT.':OF Wi,; ;iNGTON
� County of Kir,:
NO ARY PUBLI in an or the State of TheJireet.r ?k Elections,King County,State of Washington.and
Washington,- residing a "' Dt"'—� exollici^ ^ `" Deeds and other instruments,do hereby certify the
`�'� ccrei; 121;' !;: C';'fOPen compared with the original Instrument as the mune
appe;y c or: . +. :int 'f record in the office,and that the same is a true and
Mail t o: perfect traiscnpt of said original at
King County Housing Rehabilitation Cial nd of the whole of. 4 3 ` X84
��1����� ( 1 t1 Witness my hand and offial s8a1 this,
�il l' V `(;,c�. 1 6 '- {
Seattle, WA 98104 i • o rd$kitLlectio
Co 1% 7 v. c1 (ka., Deputy
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'CITY OF RENTON -.,
y ` HOME IMPROVEMENT LOAN PROGRAM
LOAN AGREEMENT
THIS AGREEMENT is '°•entered into this 13th day
of . July , 19 84 , between the CITY OF RENTON,
Hereinafter referred to as the "City", KING COUNTY, hereinafter referred to as
the "County," and Gordon L. Rich. and Linda Rich. , hereinafter
referred to as the "Applicants."
WHEREAS low and moderate income homeowners have demonstrated a need
for financing assistance in repairing their homes, and it is in the interest
of the City to maintain the quality of the housing stock, the City 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 hereinafter
contained, the parties agree as follows:
1. DUTY OF APPLICANTS. The Applicants agree 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 $ 2,500.00 , according to the work schedule attached hereto
and incorporated by reference as Exhibit A.
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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 13th day
of July , 19 84
51\ 60-40/t(L) 4 $iktiliVC:4C1/4
Gordo L. ich MAYOR
ATTEST -.(t2
/ (TPUTY City Clerk
y FOR KING COUNTY:
Linda G. Rich f
DIRECTPd' , DEPARTMENT OF PLANNING
AND CO ' UNITY DEVELOPMENT
EXHIBIT B
KING COUNTY, WASHINGTON
PROMISSORY NOTE DATE: July 13, 1984
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 $ 2,500:00 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 July 13, 1984
2. This note is secured by mortgage of even date herewith from
Gordon L. and Linda G. Rich , 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 staid 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: '
9 Address:
qt.11
1155 Aberdeen Avenue N.E.
Gor.on Rich
Renton, Washington 98056
Linda G. Rich
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EXHIBIT "A"
KING COUNTY HOUSING REPAIR AGREEMENT
NAME: Gordon Rich JOB NO. RT-107
ADDRESS: 1155 Aberdeen Ave . N. E . PHONE: 228-2799
Renton, WA 98056
The following repairs are to be made in accordance with
applicable codes and the Housing Authority Standard Specifications.
Eligible Repairs
SELF-HELP
Install new floor coverings (vinyl or carpet) on upper floor ,
including entries, living room, kitchen, bedrooms and bathrooms .
Include necessary underlayment repair or replacement . Install
cove base throughout . New floor coverings not to exceed $14/yd
installed.
Complete the installation of protective wall and floor surfaces
for wood stove.
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Perform the following bathroom repairs :
Main bath: frame for and install shower enclosure in
accordance with enclosed standard specification . Include
appropriate water , waste , and vent plumbing . Install new
lav with vanity . Install finished sheetrock on walls .
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Master bath: install tub enclosure ( see standard specifi-
cation) . Install tub/shower valve and shower head. Finish
walls . Install entry door with lockset .
Install exhaust fans in main and master bathrooms . Fan to
be on separate switches and vented to outside .
- Repair shower door in lower bath .
Finish sheetrock and interior trimwork where necessary .
All material to be of moderate prilce and average quality .
Insulation by State Weatherization Program .
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The total estimate of the above work is $ 2, 500 . This
includes anticipated costs of materials to he installed by the
homeowner as well as any contracted work . The final loan total will
be modified to reflect the actual costs of these repairs together
with any approved changes .
I acknowledge and agree that the above list of repairs is complete
and the estimate is reasonable.
ACCEPTED:
Homeowner omeowner
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