HomeMy WebLinkAboutHIL 8212301184 CAG 075-84
City of Renton
Home Improvement Loan Program CMM o7s 8Z
• Loan Agreement
THIS AGREEMENT is entered into this 20th day of
December , 19 82 , between the CITY OF RENTON, hereinafter referred
to as the "City", KING COUNTY, hereinafter referred to as the "County", and
Alice B. Lim , 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
rd
interest of the City to maintain the quality of the housing stock, the City
V will assist qualified applicants in securing an interest-free loan;
t' 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.
' r
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 20 th day of
December , 1982 .
APPLICANT'S SIGNATURE: FOR THE CITY OF RENTON:
MAYOR f�
City Clerk
FOR KING COUNTY:
jiLl5E/ ao
DIRECTOR, DEPARTMENT OF PLANNING AND
COMMUNITY DEVELOPMENT
, .e G'• i.r.
,n1 1h•I L E Y
• EXHIBIT "A"
•
KING COUNTY HOUSING REPAIR AGREEMENT
NAME : Alice Lire
JOB NO . RT-82-102
ADDRESS : 3215 Burnett Ave . N.
PHONE : 764-6431
Renton
Under the terms of the Housing Repair Program , eligible repairs are
Health , Safety Energy Conservation and Building Preservation , to be
accomplished in that order of priority .
ELIGIBLE REPAIRS
Remove existing roofing material from main building . Install new
- three ply built-up on upper wall- -S and roof deck . Include metal
cap for walls and appropriate flashings . Protect new roof with
either 90 lb . cap sheet , pea gravel or aluminum coating . install
vent directly above kitchen fan .
Remaining repairs to be made as money permits .
f
Install proper duct for aane urrlir tlOod capsto forebothlunusedachimneyoinlet:> .
vent . Install metal or m y
Repair plumbing leaks in water/waste lines beneath utility
(directly above hot water tank )
Seal hole in bedroom wall .
Remove all plaster and lath from dining and livingroom ceilings .
Install Z" finished sheetrock . Repair to meet wall at existing
horizontal trim . Ceiling to be insulated with H-19 fiberglass
rolls with vapor barrier .
Replace several damaged stuns in NL corner o-t livingroom. KemovC
damaged plaster in this area and replace with sheetrock . New
sheetrock to be finished to adjacent plaster .
Remove kitchen door and window . Relocate door towards center of
wall ( consult with homeowner ) . Ins-131T-fi9shed solid door with
light . Include new hardware , weatherstripping and casing and
deadbolt lock . R-11 insulation to be witlin new wall areas ,
finished sheetrock on interior and siding to match existing . _Taco'
Install electric baseboard heat in livingroom and dinin p
two baseboards in bedroom (homeowner has unit )
Install insulated glass replacement windows for both multi-window
units in livingroom. New windows to operate similar to recently
installed aluminum replacements . Install insulated replacement
in bedroom.
The estimate of the total cost of the above list of repair is $ 4000
This estimate is based on current costs of similar repairs , however ,
each job is different and costs vary , therefore actual costs will be
established by bid proposals.
I acknowledge and agree that this list of repairs is complete and thr
estimate is reasonable . I further understand that the total amount
available for all repairs is $ 4000 and I will assist in the sele(
of the contractors to accomplish the repair within the dollar limit .
It is agreed that any changes in the above list of repairs must be
approved by myself and the Housing Authority prior to authorizing
the work to proceed .
ACCEPTED : ,/
Homeowner Homeowner
5 TILE, WASHINGTON 98189 a PHONE l2;�•:�) 244 ;
L„ci, 65;IiP\�ENLIESOUifJ,, -T
1
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 December 20, 1982
2. This note is secured by mortgage of even date herewith from
Alice B. Lim , 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 sowing, 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:
✓
///;cG f• 3215 Burnett Avenue Horth
Renton, Washington 98Q56
•
•
LORDED i4 fit•
• EXHIBIT C
MORTGAGE OR A 3 06 PM 17
i
B1 I NE. U , tJN OF
RFrOkDS a ELECTION
KING COUNTY
THIS INDENTURE MADE THIS 20th day of December , 1982 , between
Alice B. Lim , mortgagor,
and King County, mortgagee;
WITNESSETH:
GU
1-I That the mortgagor , for and in consideration of a sum not to exceed $4,000.00
CD
VI which sum shall be equal to the cost of completing the agreed-upon repairs on the below-
5 described property pursuant to the King County Housing Repair Program, authorized by
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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: (3215 Burnett Avenue North, Renton) Washington)
Lot 1 and 2, except the west 25 feet of Lot 2, Block 5, Hillman's Lake
Washington Garden of Eden addition to Seattle No. 1 , according to the
plat recorded in Volume 11 of plats, page 63, in King County, Washington
Subject to Mortgage in favor of First Federal Savings and Loan Association
dated September 18, 1973 and recorded September 20, 1973 under Auditors
number 7309200100, which the seller herein agreed to continue to pay
according to its own terms and conditions thereof, which includes this
property and other lands.
82/12i 30 #1184 D
RECO F .00
CA:HSL a:»:*:�►:ri: 00
22
This conveyance is intended as a mortgage to secure the payment of a sum not to
exceed $4,000.Oq which shall be equal to the cost of completing the agreed-upon repairs
on the abnve described property, such sum payable to King Ccunty according to the terms
and conditions of that certain Promissory Note bearing date December 20, 1982
and all renewals, modifications and extensions thereof, and also securing
such further sums as may be advanced or loaned to mortgagor 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 Comnunty 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,
on demand, to the mortgagor _,r--- heirs or. assigns. And in any suit or other
proceeding that may be 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 theTr '
judgement that may be recovered, a reasonable sum as attorney fees, together with all
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vi 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 mortgagorhereunto set `'and. the day and year
first above written.
4 t
STATE OF WASHINGTON )
: ss.
COUNTY OF KING )
On this pP day of , A.D. 1q;'01.--before me,
the undersigned, a notary public in and for the State of Washington, 61T-commissioned
and sworn personally appeared /14//e.cf.. /3 • ,Lir,,
to me known to be individual/ described in and who executed the foregoing instrument,
nt,
and acknowledged to me that free and voluntand
sealed the said instrument as
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- 0
tate above written.
SUCSCRIBED AND SWORN to before me this
,,,iday,„ f.ace.72 19
NOTA Tata1C in and for t e State of
Washin ,cresiding at 0ic-«�,�
9ti°i�
Mail .to: ... ' " • -13 Of
King County Housing Rehabilitation
1716 Smith Tower
Seattle, WA 98104
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