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Home My WebLink AboutD 8910260228 r - VAC-002-88 x•11 ioq OCT ``;1r :'1 3 : WHEN RECORDED RETURN TO: _1: n(iw v". ... • _. ... _ _ REORD AT REQUES 1 = )FFICE OF THE CITY CLERK ENTON MUNICIPAL BLDG. Or) MILL AVE. SO. DEED OF TRUST THIS DEED OF TRUST is made between BROOKS HOLLANDSWORTH, 4 d a single man, / Wacrid.//A i' I th,// Grantor , whose 5 address is 431 Maple Avenue S .W. , Renton, Washington 98055 , TICOR TITLE INSURANCE COMPANY, a corporation, Trustee, and THE CITY OF RENTON, a Washington municipal corporation, Beneficiary, whose address is 200 ( Mill Avenue South, Renton, Washington 98055 . WITNESSETH: Grantors' hereby bargain, sell and convey to Trustee TA in Trust, with power of sale, the following described real property in n King County, Washington: See Exhibit A attached hereto and incorporated herein as if fully set forth which real property is not used principally for agricultural or farming purposes, together with all tenements ; hereditaments , and appurtenances now or hereafter thereunto belonging or in anywise appertaining, and the rents , issues and profits thereof . This deed is for the purpose of securing performance of each agreement of Grantors/ herein contained, and payment of the sum of One Thousand Seventy-One and Twenty-Five Cents ($1, 071.25) with interest, in accordance with the terms of a promissory note ( "Note" ) of even date herewith payable to Beneficiary or order, and made by Grantors, and all renewals, modifications and extensions thereof, and also such further sums as may be advanced or loaned by Beneficiary to Grantoth , or any of their successors or assigns , together with interest thereon at such rate as shall be agreed upon. To protect the security of this Deed of Trust, Grantor covenant and agree: 1 . To keep the property in good condition and repair; to permit no waste thereof; to complete any building, structure or improvement being built or about to be built thereon; and to comply with all laws, ordinances, regulations, covenants , conditions and restrictions DEED OF TRUST PAGE - 1 affecting the property. 2 . To pay before delinquent all lawful taxes and assessments upon the property; to keep the property free and clear of all other charges, liens or encumbrances impairing the security of this Deed of Trust. 3 . To defend any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, and to pay all costs and expenses, including cost of title search and attorney' s fees in a reasonable amount, in any such action or proceeding, and in any suit brought by Beneficiary to foreclose this Deed of Trust. 4 . To pay all costs, fees and expenses in connection with this Deed of Trust, including the expenses of the Trustee incurred in enforcing the obligation secured hereby and Trustee' s and attorney' s lir fees actually incurred, as provided by statute. 5 . Should Grantors fail to pay when due any taxes, assessments, insurance premiums , liens, encumbrances or other charges against the property hereinabove described, Beneficiary may pay the same, and the N amount so paid, with interest at the rate set forth in the note secured C hereby, shall be added to and become a part of the debt secured in this 4 Deed of Trust. 00 QD IT IS MUTUALLY AGREED THAT: 1 . In the event any portion of the property is taken or damaged in an eminent domain proceeding, the entire amount of the award or such portion thereof as may be necessary to fully satisfy the obligation secured hereby, shall be paid to Beneficiary to be applied to said obligation. 2 . By accepting payment of any sum secured hereby after its due date, Beneficiary does not waive its right to require prompt payment when due of all other sums so secured or to declare default for failure to so pay. 3 . The Trustee shall reconvey all or any part of the property covered by this Deed of Trust to the person entitled thereto on written request of the Grantors' and the Beneficiary, or upon satisfaction of the obligation secured and written request for reconveyance made by the Beneficiary or the person entitled thereto . 4 . Upon default by the Grantor/ in the payment of any indebtedness secured hereby or in the performance of any agreement contained herein, all sums secured hereby shall immediately become due and payable at the option of the Beneficiary. In such event, and upon the written request of the Beneficiary, the Trustee shall sell the trust property, in accordance with the Deed of Trust Act of the State DEED OF TRUST PAGE - 2 • of Washington, at public auction to the highest bidder. Any person except Trustee may bid at trustee' s sale . Trustee shall apply the proceeds of the sale as follows : ( 1 ) to the expense of sale, including a reasonable Trustee' s fee and Attorney' s fee; (2 ) to the obligation secured by this Deed of Trust; ( 3 ) the surplus , if any, shall be distributed to the persons entitled thereto . 5 . The Trustee shall deliver to the Purchaser at the sale its deed, without warranty, which shall convey to the Purchaser the interest in the property which Grantors' had or had the power to convey at the time of his execution of this Deed of Trust, and such as he may have acquired thereafter. The Trustee' s Deed shall recite the facts showing that the sale was conducted in compliance with all the requirements of law and of this Deed of Trust, which recital shall be prima facie evidence of such compliance and conclusive evidence thereof in favor of bona fide purchasers and encumbrances for value . 1190 6 . The power of sale conferred by this Deed of Trust and by the Deed of Trust Act of the State of Washington is not an exclusive czremedy; Beneficiary may cause this Deed of Trust to be foreclosed as N a mortgage. C) r4 7 . In the event of the death, incapacity, disability, or c) resignation of Trustee, Beneficiary may appoint in writing a successor 00 trustee, and upon the recording of such appointment in the mortgage records of the county in which this Deed of Trust is recorded, the successor trustee shall be vested with all powers of the original trustee. The trustee is not obligated to notify any party hereto of pending sale under any other Deed of Trust or of any action or proceeding in which Grantors, Trustee, or Beneficiary shall be a party, unless such action or proceeding is brought by the Trustee. 8 . This Deed of Trust applies to, inures to the benefit of, and is binding not only on the parties hereto but on their heirs, devisees , legatees, administrators, executors , successors and assigns . The term Beneficiary shall mean the holder and owner of the note secured hereby, whether or not named as Beneficiary herein. DATED: August 3/ , 1989 . GRANTORS': <13,191.e/4.1,14,AA./gdi BROOKS HOLLANDSWORTH / / / HOLLANORTH DEED OF TRUST PAGE - 3 STATE OF WASHINGTON ) ss COUNTY OF KING I certify that I know or have satisfactory evidence that BROOKS HOLLANDSWORTH signed this instrument and acknowledged it to be his free and voluntary act for the uses and purposes mentioned in this instrument. DATED: August 31 , 1989 . --(;)1aAX:( .141 .ei(irl/W Notary Pu li in and for the State of Washington, residing at Renton. My appointment expires : /0 - i- ??--- NSTATE OF WASHINGTON ) ) ss CZ COUNTY OF KING 1 I certify that know or have satisfa► ory evidence that r4 HOL °t DSWORTH signed is inst ment and acknowledged U0 in to be her free a • voluntary act f• the us -- and purposes mentioned in this instrumen . DATED: A .gust , 1989 . Notary 'ublic in and for the State of Wa ington, residing at Renton. My appointment expires : DEED OF TRUST PAGE - 4 EXHIBIT "A" That portion of Maple Ave. S.W. (Rainier Blvd.) as vacated by Ordinance No. 4240 (VAC 002-88) and recorded in King County Offices under Recording No. 8909290519, more particularly described as follows: The Westerly 15.00 feet of Maple Ave. S.W. lying adjacent to Lot 1, 010 Block 9, Earlington Addition, as recorded in Volume 14 of Plats, page 7, records of King County, Washington. CD :) r4 VAC-2-88/AJH:lf GO . . ORDINANCE NO. 4240 .,----------L--._---H ..ddg kV \ ii___ LL___ \-7 10 - - 1 limr ea ma 11 I illIIIIII1 I - or essia. 111V1 __________ 1 itiii Man 1111 pi it* - 1-1111101. ..•- aftips41. tiff #1 &"tppt* S 3RD PL * 0 ,rks,4* \k„oe%\c, c,- a %0:7-4111 ° •I/ ,,os 4TH STv , 41 I�r�! lik*MS itrA.I I I I 0 IW..°. °11 -- 1 -: IffillpiPti k 1 CITY OF RENTON DEPARTMENT OF PUBLIC WORKS 1 VAC 002 - 88 DESIGNED: AJH DATE: JUNE. 1988 nu NAVE: DRAWN: AJH CHECXED: DON SCALE: NONE rR R soa: r.cL APPROVED: .I-cc....e.......c.,e... SHEET. I Of: I