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City of Renton
Home Improvement Loan Program C -
. 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
Antonia Brenner , 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
N interest of the City to maintain the quality of the housing stock, the City
Nwill 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 ZiP — day of
&&rtt./A441 , 19g2
APPLICANT'S SIGNATURE: FOR THE CITY OF RENTON:
✓ %' fit-�-eC_ gs4l r lgtA1(.0.4)i ' J gAwn. °GN.
MAYOR P
e_
CityClerk
FOR KING COUNTY:
.,/ i
`a
'ECTOR, DEPARTMENT OF PLANNING AND
COMMUNITY DEVELOPMENT
( Nil, •!;'G ..r L 17 t•?'.:�l:PEPS F.: . ,
•
JIL' V:iLEY
� I
EXHIBIT "A"
KING CDUNTY HOUSING REPAIR AGREEMENT
NAME : Antonia Brenner JOB NO. RT-82-100
ADDRESS : 821 Sunset Blvd. N. E . PHONE : 226-0509
Renton
Under the terms of the Housing Repair Program, eligible repairs arl
Health , Safety Energy Conservation and Building Preservation , to b(
accomplished in that order of priority.
ELIGIBLE REPAIRS
Repair roof leaks . Leaking is occuring in both dormers . WEst
dormer may require, new roofing . If so , install three ply built-up
or split sheet roll roofing , blind nailed and sealed with asphalt
cement .
Repair damaged chimney mortar joints .
Repair water pipe to hot water tank .
Construct access for upper attic and trim out .
Install 8x8 vents in all three gable ends (to ventilate upper
attics) . Ventilate attics behind kneewalls by install 8x8 vents
in north and south gable walls .
Install homeowner ' s new sink and vanity in bathroom.
Install new electrical service and correct all code violations
( Note violations in baseruen and attic) . install electric heat
units in bathroom, dining, both upper bedrooms and one lower bedrool:
Install GF1 receptacle in bathroom and additional receptacles for
both upper bedrooms . Install light at base of stairway .
Insulate upper attic to R-30 ( access to be created by others ) .
Insulate outside kneewalls to depth of _joists funderfloor) . Insulat
slopes to depth of rafters and kneewalls to R-11 .
Install R-19 insulation in dining floor (approx 6U sq . tt . )
Insulate all exterior walls (both floors )
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 the
estimate is reasonable . I further understand that the total amount
available for all repairs is $ ' 000 and I will assist in the selecti
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 : .- � .e •
omeowner --
Homeowner
155 € 1 H AVE NUE SOU7 H, [ ;_!":.11 , I \',A HIS;�T0E� 9`.•1E= F PHONE (2051 244 77;>5
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
Antonia Brenner , 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 hasthe 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:
✓ �j 821 Sunset Boulevard M.E.
Renton, Washington 98056
EXHIBIT C
(:* MORTGAGE
20th day of
December 19132_, between
THIS INDENTURE MADE THIS _ mortgagor,
Antonia Brenner
and King County, mortgagee;
WITNESSETH:
he mortgagor , for and in consideration of a sum not to exceed $4,000..00
That t 9
equal to the cost of completing the agreed-upon repairs on the below-
oD which sum shall be q
HousingRepair Program, authorized by
o described property pursuant to the King County
yl
as amended, do by
these presents mortgage, grant, bargain,
King County Ordinance 3269, the following
(13 sell, convey,
and confirm unto the mortgagee, and to its assigns,
described
real estate, together with all and singular tenements, hereditaments, and
appurtenances there unto belonging:
LEGAL DESCRIPTION: (821 Sunset Boulevard N.E, , Renton, Washington)
The North 78 feet as measured along the East line of East 115 feet
as measured along North line of Lot 4, Harries Garden Home Tracts,
according to the plat recorded in Volume 34 of plats, page ,
in King County, Washington. R i;UR(1E;11OP-, tiro
DEC P 3 os Pti Il
0 ;Nf, uIk ialON O'
KM1t- COl�1�Y
�IQN'
82/12,30 #1
RECD F .00
CASHSL *:.►:,,:,+.:,
conveyance is intended as a mortgage to secure the payment of a sum not
This co Y
reed-upon repa
exceed S4,000.0q which shall be equal to the cost of completing the ag to the to
on the abnve described property, such sum payable to King County according
g
and conditions of that certain Promissory Note bearing date
and all renewals, modifications and extensions thereof, and also secur
-- such further sums as may be advanced or loaned to mortgagorby the mortgagee. TI
presents shall be void if such payment be made according to terms and condit ,
thereof.
Payment on the Promissory Note and all renewals, modifications and -extens
thereof incorporated by this Mortgage shall be made to King County Revenue Account
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,
on demand, to the mortgagor , 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
cr 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
c j 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-
490
est at 12% per annum from date of payment.
IN WITNESS WHEREOF, the mortgagoehereunto set handl the day and year
first above written.
STATE OF WASHINGTON )
: ss.
COUNTY OF KING )
On this, — day of L4��c-e21 , A.D. 1 L?,.-defore me,
the undersigned, a notary publ c i and for the State of Washington, duly commissioned
and sworn personally appeared o„ _j'r.emie r^
to me known to be individual described i and who executed the foregoing instrument,
and acknowledged to me that ���� signed and
sealed the said instrument as <) free and voluntary
act and deed for the uses and purposes therein mention d
WITNESS my hand and official seal hereto affixed the day and year in this certifi- a
cate above written.
SUE;CNB,EO,,Ag0 SWORN to before me this
NOTARY PUBLIC iq and for t y State of
�es'�
Washington;. di ng at•
��-�r
Mail to: ,,e` frd R3
q10#County Housing Rehabilitation C, �t
11
1 8 Smith Tower
Seattle, WA 98104
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