HomeMy WebLinkAboutHIL 8409140552 COPY
OF
IIR GINAL PILED E)2iIBIT C
SEP 14 Recd MORTGAGE #0552
RECD F ,no
C.N4,I-{S1_ *:**:**:, ��f_t
Of of Records
8t Elections 11
V)V) THIS INDENTURE MADE THIS 31st day of August , 19 84, between
(31
Rose Swistun and Antony Swistun , mortgagor,
c— and King County, mortgagee;
WITNESSETH:
That the mortgagors ors , for and in consideration of a sum not to exceed $4.0.00.00
9
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: (523 Grady Way South, Renton, Washington 98055)
That portion of Lots 13, 14 and 15, Block 17, Town of Renton, according to the
Plat recorded in Volume 1 of Plats, page 135 in King County, Washington described
as follows: •
Beginning at the northwest corner of said Lot 15; THENCE easterly along the
northerly line of said Lot 15, a distance of 70.60 feet; THENCE southwesterly to
a point on the southerly line of said Lot 15, a distance of 47.40 feet easterly
of the southwest corner thereof; THENCE southwesterly to a point or. the southerly
line of said Lot 14, a distance of 18.80 feet easterly of the southwest corner
thereof; THENCE southwesterly to a point on the southwesterly line of said Lot 13,
a distance of 28.00 feet southerly of the northwest corner thereof; THENCE northerly
along the westerly line of said lots a distance of 128.00 feet to the point of
beginning.
•
•
This conveyance is intended as a-mortgage to secure the payment of a sum not to
exceed $4,000.00 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 August 31, 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.
- 1 -
4 1
•
. 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
N 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
Ll
d thereof, in the manner prescribed by law, and out of the money arising from such sale to
Oretain the whole of said principal sum, together with the costs and charges of such
y- sales, and the surplus, if any there be, shall be paid by the mortgagee making such sale,
on demand, to the mortgagors , their 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 the
judgement that maybe 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 mortgagor hereunto set her hand the day and year
first above written.
• ,V404.& S--014Pi/VKL-
STATE.OF WASHINGTON ) •
• : ss.
COUNTY OF KING ) N
On this 31st day of August , A.D. 19 84 , before me,
the undersigned, a notary public in and for the State of Washington, dui commissioned
. and sworn personally appeared Rose Swistun
to me known to be individual described in and who executed the foregoing instrument,
and acknowledged to me that she • signed and
sealed the said instrument as a 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
3 .at,.414y,,of • August , 19 84
' - AA S`',
•
•
•
NOTARY PU8'l-IC- in- an{J for. the Stat- of
WaShillppnc,'r.e iding at
Or
Kifid-CountiHousing Rehabilitation
King .County Housing &
Community Development
600 Alaska Building
618 Second Avenue .
Seattle, WA 98104
- 2 -
• 4N WITNESS WHEREOF, the mortgagorhereunto set his hand the day and, year
first above written.
tit dO )4{)/ Te0/44(/
IsqL
Lo
Q STATE.OF WASHINGTON )
• ss.
COUNTY OF KING )
0—
CD On this 31st day of August , A.O. 19 84 , before me,
.P". the undersigned, a notary public in and for the State of Washington, duly commissioned
00 and sworn personally appeared Antony Swistun
to me known to be individual described in and wno executed the foregoing instrument,
and acknowledged to me that he signed and
sealed the said instrument as a 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
31st, ''dayapf. ,• •,t August , 19 84
i `,7 -Yt _ -7 ,401/
NOTAR P 4140 and ^for the State of
Washington,. re,s i ding=at � � _
—
FILtDL-ttor Record at Request of,
King County Housing &
Community Development
600 Alaska Building
618 Second Avenue
Seattle, WA 98104
•
•
- 2 -
•
MY
•
•
•
- .
.
• CITY OF RENTON
r t _
HOME IMPROVEMENT LOAN PROGRAM
LOAN AGREEMENT
THIS AGREEMENT is entered into this 31st day
of August , 19 84 , between the CITY OF RENTON,
Hereinafter referred to as the "City", KING COUNTY, hereinafter referred to as
the "County," and Rose Swistun and Antony Swistun , 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.
� • yam`,
,. 4.
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 31st day
of August , 19 84
/ Se/04t/i/t/
MAYOR Barbara Y. Shinpoch
ATTEST: 22ZG
Maxine E. Motor, City Clerk
r
F121/( 44% .`- FOR KING COUNTY:
DIRECTOR, DEPARTMENT OF PLANNING
AND COMMUNITY DEVELOPMENT
- . • , 7l
EXHIBIT B
KING COUNTY, WASHINGTON
PROMISSORY NOTE DATE: August 31, 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 August 31, 1984
2. This note is secured by mortgage of even date herewith from
Rose Swistun and
Antony Swistun , 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:
do wi 4/1/ 523 Grady Way South
Renton, Washington 98055