AG 15-0091. ORIGINATING DEPT./DIV:
CED /COMMUNITY SERVICES DEPARTMENT
2. ORIGINATING STAFF PERSON: JERI -LYNN CLARK EXT: x2401 3. DATE REQ. BY:
4. TYPE OF DOCUMENT (CHECK ONE):
❑ CONTRACTOR SELECTION DOCUMENT (E.
❑ PUBLIC WORKS CONTRACT
❑ PROFESSIONAL SERVICE AGREEMENT
❑ GOODS AND SERVICE AGREEMENT
❑ REAL ESTATE DOCUMENT
❑ ORDINANCE
❑ CONTRACT AMENDMENT (AG #):
x OTHER DEED OF TRUST
G, RFB, RFP, RFQ)
❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT
❑ MAINTENANCE AGREEMENT
❑ HUMAN SERVICES / CDBG
❑ SECURITY DOCUMENT (E.G. BOND RELATED DOCUMENTS)
❑ RESOLUTION
❑ INTERLOCAL
5. PROJECT NAME: MERCHANT - EMERGENCY HOUSING REPAIR PROGRAM
6. NAME OF CONTRACTOR: MIRANDA MERCHANT
ADDRESS: _2112 SW 328Th ST., FEDERAL WAY, WA 98023 TELEPHONE:_(253) 249 -1324 OR (253) 344 -1402
E -MAIL: N/A FAX: N/A
SIGNATURE NAME: MIRANDA MERCHANT TITLE HOMEOWNER
7. EXHIBITS AND ATTACHMENTS: ❑ SCOPE, WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS /CERTIFICATE X ALL
OTHER REFERENCED EXHIBITS ❑ PROOF OF AUTHORITY TO SIGN ❑ REQUIRED LICENSES ❑ PRIOR CONTRACT /AMENDMENTS
8. TERM: COMMENCEMENT DATE: SEPTEMBER 24, 2014 COMPLETION DATE: _SEPTEMBER 24, 2019
9. TOTAL COMPENSATION $6,395.10 (INCLUDE EXPENSES AND SALES TAX, IF ANY)
(IF CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES)
REIMBURSABLE EXPENSE: ❑ YES ❑ NO IF YES, MAXIMUM DOLLAR AMOUNT: $
IS SALES TAX OWED ❑ YES ❑ NO IF YES, $ PAID BY: ❑ CONTRACTOR ❑ CITY
❑ PURCHASING: PLEASE CHARGE TO: 119 -7300- 996 -594- 41-410
10. DOCUMENT /CONTRACT REVIEW
❑ PROJECT MANAGER
.DIRECTOR
❑ RISK MANAGEMENT (IF APPLICABLE)
ct LAW
11. COUNCIL APPROVAL (IF APPLICABLE)
INITIAL / DATE APPROVED
COMMITTEE APPROVAL DATE:
COUNCIL APPROVAL DATE:
12. CONTRACT SIGNATURE ROUTING
❑ SENT TO VENDOR/CONTRACTOR DATE SENT: DATE REC'D:
❑ ATTACH: SIGNATURE AUTHORITY, INSURANCE CERTIFICATE, LICENSES, EXHIBITS
INITIAL / DA E IGNED
)9, LAW DEPARTMENT
1i4 SIGNATORY (MAYO,[t OR DIRECTOR)
C . CITY CLERK
(J ASSIGNED AG#
IA- SIGNED COPY RETURNED
COMMENTS:
(U, r v-(C c 122 lc
AG#
DATE SENT:
A c PcG-iV — 0 \_
11 /9
Return Address:
City of Federal Way
33325 8th Avenue South
Federal Way, WA 98003
Attn: Jeri -Lynn Clark
11111110111111111111111111111
20150416000580
FEDERAL WAY CI DT 82.00
PAGE -001 OF 010
04/16/2015 11:59
KING COUNTY, WA
Please print or type information WASHINGTON STATE RECORDER'S Cover Sheet (RCW 65.04)
Document Title(s) (or transactions contained therein): (All areas applicable to your document must be filled in)
1. Deed of Trust 2.
3. 4.
Reference Number(s) of Documents assigned or released:
Additional reference #'s on page of document
Grantor(s) Exactly as name(s) appear on document
1. Merchant Miranda
2. ,
Additional names on page of document
Grantee(s) Exactly as name(s) appear on document
1. City of Federal Way ,
2. ,
Additional names on page of document
Legal Description (abbreviated: i.e. lot, block, plat or section, township, range)
Village Park Div B Less C & M RGTS
Additional legal is on page of document
Assessor's Property Tax Parcel/Account Number ■ Assessor Tax # not yet
assigned
894510 -0150
The Auditor/Recorder will rely on the information provided on this form. The staff will not read the document
to verify the accuracy or completeness of the indexing information provided herein.
"I am signing below and paying an additional $50 recording fee (as provided in RCW 36.18.010 and
referred to as an emergency nonstandard document), because this document does not meet margin and
formatting requirements. Furthermore, I hereby understand that the recording process may cover up or
otherwise obscure some part of the text of the original document as a result of this request."
Signature of Requesting Party
Note to submitter: Do not sign above nor pay additional $50 fee of the document meets margin /formatting requirements
�tC�tc---VO9
RETURN TO: Jeri -Lynn Clark EXT: x2401
CITY OF FEDERAL WAY LAW DEPARTMENT ROUTING FORM
1. ORIGINATING DEPT. /DIV:
CED /COMMUNITY SERVICES DEPARTMENT
2. ORIGINATING STAFF PERSON: _JERI -LYNN CLARK EXT: _X2401 3. DATE REQ. BY:
4. TYPE OF DOCUMENT (CHECK ONE):
❑ CONTRACTOR SELECTION DOCUMENT (E.G., RFB, RFP, RFQ)
❑ PUBLIC WORKS CONTRACT ❑ SMALL OR LIMITED PUBLIC WORKS CONTRACT
❑ PROFESSIONAL SERVICE AGREEMENT ❑ MAINTENANCE AGREEMENT
❑ GOODS AND SERVICE AGREEMENT
❑ REAL ESTATE DOCUMENT
❑ ORDINANCE
❑ CONTRACT AMENDMENT (AG #):_
X OTHER PROMISSORY NOTE
• HUMAN SERVICES/ CDBG
• SECURITY DOCUMENT (E.G. BOND RELATED DOCUMENTS)
❑ RESOLUTION
❑ INTERLOCAL
5. PROJECT NAME: MERCHANT — EMERGENCY HOUSING REPAIR PROGRAM
I
NAME OF CONTRACTOR: MIRANDA MERCHANT
ADDRESS: _2112 SW 328"` ST., FEDERAL WAY, WA 98023
E -MAIL: N/A
SIGNATURE NAME: MIRANDA MERCHANT
TELEPHONE:_(253) 249 -1324 OR (253) 344 -1402
FAX: N/A
TITLE HOMEOWNER
7. EXHIBITS AND ATTACHMENTS: ❑ SCOPE, WORK OR SERVICES ❑ COMPENSATION ❑ INSURANCE REQUIREMENTS /CERTIFICATE X ALL
OTHER REFERENCED EXHIBITS ❑ PROOF OF AUTHORITY TO SIGN ❑ REQUIRED LICENSES ❑ PRIOR CONTRACT /AMENDMENTS
8. TERM: COMMENCEMENT DATE: SEPTEMBER 24, 2014 COMPLETION DATE: _SEPTEMBER 24, 2019
TOTAL COMPENSATION $6,395.10 (INCLUDE EXPENSES AND SALES TAX, IF ANY)
(IF CALCULATED ON HOURLY LABOR CHARGE - ATTACH SCHEDULES OF EMPLOYEES TITLES AND HOLIDAY RATES)
REIMBURSABLE EXPENSE: ❑ YES ❑ NO IF YES, MAXIMUM DOLLAR AMOUNT: $
IS SALES TAX OWED ❑ YES ❑ NO IF YES, $ PAID BY: ❑ CONTRACTOR ❑ CITY
❑ PURCHASING: PLEASE CHARGE TO: 119 - 7300 - 996 - 594 -41 -410
10. DOCUMENT /CONTRACT REVIEW INITIAL DATE REVIEWED
❑ PROJECT MANAGER
DIRECTOR WE,
❑ RISK MANAGEMENT (IF APPLICABLE)
KLAW
11. COUNCIL APPROVAL (IF APPLICABLE) COMMITTEE APPROVAL DATE:
12. CONTRACT SIGNATURE ROUTING
INITIAL/ DATE APPROVED
COUNCIL APPROVAL DATE:
❑ SENT TO VENDOR/CONTRACTOR DATE SENT: DATE REC'D:
❑ ATTACH: SIGNATURE AUTHORITY, INSURANCE CERTIFICATE, LICENSES, EXHIBITS
,LAW DEPARTMENT
%SIGNATORY (MAYOR OR DIRECTOR)
*CITY CLERK
.0 ASSIGNED AG#
JL-SIGNED COPY RETURNED
CK9)u1u102116''s
II/9
CITY OF
,�. Federal Way
CITY HALL
33325 8th Avenue South
Federal Way, WA 98003 -6325
(253) 835 -7000
www clryofederahvay. com
PROMISSORY NOTE
City of Federal Way Housing Repair Program (HRP)
LENDER: City of Federal Way, a Municipal corporation
33325 8thAvenue South
Federal Way, WA 98003
BORROWER: Miranda Merchant, Homeowner
HRP RESIDENCE: 2112 SW 328"' St
Federal Way, WA 98023
PRINCIPAL $6,395.10
AMOUNT:
LOAN DATE: September 24, 2014
DUE DATE: The earlier of "Default Date" or September 24, 2019
In consideration for the mutual undertakings and covenants contained in this Promissory
Note (the "Note "), Lender (also referred to hereinafter as the "City ") and Borrower agree as
follows:
1. Purpose for Loan. Borrower is eligible to participate in Lender's Housing Repair Program
( "HRP "), a program to assist eligible homeowners with housing problems that pose a
combination of unforeseen circumstances that require immediate action to protect the health and
safety of its occupants or the neighborhood as a whole. The program is funded by Community
Development Block Grant funds that have been made available to the City. Borrower's
application for a Housing Repair Program loan has been approved and the City is prepared to
fund the loan upon Borrower's execution of the "Loan Documents," which include this
Promissory Note, a Deed of Trust and a Closing Statement.
2. Promise to Pay. For value received, on or before the Due Date, Borrower, including its
assigns and successors, promises to pay Lender in lawful money of the United States of America,
at Lender's principal place of business, or such other place as Lender may designate in writing
from time to time, the Principal Amount listed above and as shall have been advanced by Lender
to or on behalf of Borrower under this Note, plus interest (in the event of Default) as provided in
this Note.
3. Interest Rate. The unpaid Principal Amount shall bear interest at the rate of Zero Percent
(0 %) per annum (the "Effective Interest Rate ") unless or until a Default.
4. Payments. No payments will be required to be made on the Principal Amount unless or until
a Default occurs. In the event of Default, the entire unpaid balance of the Principal Amount as of
the date of Default shall immediately become due and payable and interest on the unpaid balance
shall commence to accrue at the "Default Interest Rate" on the date of Default.
PROMISSORY NOTE 10/2012
EMERGENCY HOUSING REPAIR PROGRAM Page 1
CITY Federal W� CITY HALL
3332$ 8th Avenue South
Federal Way, WA 9$003 -8326
(253) 835 -7000
www cityottederahvay com
5. Loan Account. All advances made to or on behalf of Borrower under this Note shall be
charged to a loan account in Borrower's name on Lender's books ( "Loan Account ") and Lender
shall debit to Borrower's Loan Account the amount of each advance, and credit the amount of
each repayment made by Borrower or "Forgiveness of Debt" granted by Lender.
6. Forgiveness of Debt. Commencing upon the date on which the Lender issues the last
advance of funds to or on behalf of Borrower under this Note (the "Repayment Commencement
Date "), Borrower shall be entitled to receive, and Lender shall grant, forgiveness of Twenty -five
Percent (25 %) of the Principal Amount for each consecutive twelve -month period after the
Repayment Commencement Date (a "Repayment Year ") that Borrower actually occupies the
Residence identified above as Borrower's principal place of residence. If Borrower resides in
the Residence for five (5) Repayment Years, the entire Principal Amount shall be forgiven and
this Note shall be satisfied in full. If Borrower fails for any reason to live in the Residence for
five (5) Repayment Years, this Note shall be in Default as of the date upon which Borrower no
longer resides in the Residence. For purposes of calculating the amount of forgiveness, if any, to
which Borrower may be entitled for the Repayment Year in which Borrower vacates the
Residence, the amount of forgiveness to which Borrower would be entitled for that Repayment
Year shall be prorated for the number of days that Borrower actually occupied the Residence in
that Repayment Year.
7. Default. Upon the occurrence of any of the following events ( "Events of Default "), Lender,
at its option, and without notice to Borrower, may declare the entire unpaid Principal Amount
to be immediately due and payable:
a. The Borrower no longer occupies the Residence as Borrower's primary residence;
b. The Borrower sells the Residence or conveys the Residence in lieu foreclosure, or forfeits
the Residence in foreclosure, bankruptcy or other insolvency proceeding;
c. The Borrower makes, or is deemed to have made, any materially incorrect, false,
fraudulent or misleading representation, warranty or certificate to the Lender or makes, or is
deemed to have made, any materially incorrect, false, fraudulent, or misleading representation in
any statement or application to Lender in connection with Lender's consideration of Borrower's
EHRP application;
d. The Borrower defaults under the terms of this Note or the Deed of Trust granted in
connection herewith;
e. The Borrower is enjoined, restrained or in any way prevented by court order from
continuing to reside in the Residence;
£ Formal charges are filed against the Borrower under any federal, state or municipal
statute, law or ordinance for which forfeiture of the Residence is a potential penalty, or the
Residence is in fact so seized or forfeited;
g. The Borrower fails to maintain the Residence, commits waste upon the Residence
property or allows the Residence or Residence property to become a nuisance;
h. The Borrower (1) makes an assignment for the benefit of creditors, (2) consents to the
appointment of a custodian, receiver or trustee for itself or for a substantial part of its assets or
(3) commences, consents to the commencement or continuation of, or has commenced upon it,
PROMISSORY NOTE 10/2012
EMERGENCY HOUSING REPAIR PROGRAM Page 2
VACITY OF
� Federal Way
CITY HALL
33325 8th Avenue South
Federal Way, WA 9$003 -6325
(253) 835 -7000
wvnv a tya6federaf way earn
voluntarily or involuntarily, any proceeding under any bankruptcy, insolvency or similar laws of
any jurisdiction;
i. The Borrower defaults under the deed of trust executed in connection with this Note, it
being understood and agreed that this Note and the deed of trust shall be interpreted and
construed as a single integrated agreement between Lender and Borrower; or
j. The Borrower dies.
The term "Default Date" shall mean the date on which an Event of Default has occurred or the
date Borrower is no longer entitled to cure the Event of Default under the terms of this Note.
8. Default Interest Rate. Upon the occurrence of any Event of Default, the unpaid Principal
Amount balance shall bear interest at the per annum interest rate for judgments provided by
Washington law until the Note is satisfied in full.
9. Security. This Note is secured by and relates to a deed of trust of even date encumbering the
Residence.
10. Default Remedies. Upon the occurrence of any Event of Default, Lender shall have and
may exercise any one or more of the rights and remedies provided in this Note and the deed of
trust relating to this Note. The remedies provided in this Note and deed of trust are cumulative
to the full extent provided by law.
11. Application of Payments. All payments received on this Note shall first be applied against
accrued and unpaid interest and "Costs and Fees" owed to Lender under this Note, and the
balance against unpaid Principal Amount. Borrower expressly assumes all risks of loss or delay
in the delivery of any payments made by mail, and no course of conduct or dealing shall affect
Borrower's assumption of these risks.
12. Costs and Fees. Borrower agrees to pay all of Lender's costs incurred in the collection,
modification, review, monitoring, or termination of this Note, including actual attorney fees and
those incurred in any foreclosure, bankruptcy, or other similar insolvency proceeding.
13. No Waiver. Acceptance by Lender of any payment in an amount less than the amount then
due shall be deemed an acceptance on account only, and Lender's acceptance of any such partial
payment shall not constitute a waiver of Lender's right to receive the entire amount due.
14. Consent. Borrower hereby jointly and severally (i) waives presentment for payment,
demand, notice of non - payment, notice of protest or protest of this Note, (ii) waives Lender's
diligence in collection or bringing suit, and (iii) waives consent to any and all extensions of time,
renewals, waivers or modifications as may be granted by Lender with respect to payment or any
other provisions of this Note. The liability of the Borrower under this Note shall be absolute and
unconditional, without regard to the liability of any other party.
15. Governing Law and Venue. This Note shall be interpreted, construed and governed by, and
in accordance with, the laws of the State of Washington. Venue for any action commenced by
Borrower or Lender to interpret or enforce this Note or the deed of trust shall be in the Superior
Court of the State of Washington, For King County, at the Maleng Regional Justice Center,
Kent, Washington.
PROMISSORY NOTE 10/2012
EMERGENCY HOUSING REPAIR PROGRAM Page 3
CITY OF
Federal i.
CITY HALL
33325 8th Avenue South
Federal Way, WA 98003 -6325
(253) 835 -7000
w wv.clyoffederahvaycom
16. Entire Agreement. Except as otherwise expressly provided in this Note, this Note and the
deed of trust constitute the entire agreement of the Borrower and the Lender relating to its
subject matter.
ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND
CREDIT, OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE
NOT ENFORCEABLE UNDER WASHINGTON LAW.
Agreed to and accepted by:
LENDER:
CITY OF FEDERAL WAY ATTEST:
a, -7�—�
Jim F Mayor
APPROVED AS TO FORM:
�� C"(-t
City Attorney, Amy Jo Pearsall
BORROWER:
Signature
Miranda Merchant
Printed Name
STATE OF WASHINGTON )
ss.
COUNTY OF )
Stephanie Courtney,
BRITTANY C. GLAZIER
NOTARY PUBLIC
STATE OF WASHINGTON
MY COMMISSION EXPIRES
07 -14 -15
On this day personally appeared before me, Miranda Merchant , to me known to be the
individual described in and who executed the foregoing instrument, and on oath swore that he /she /they
executed the foregoing instrument as his/her /their free and voluntary act and deed for the uses and
purposes therein mentioned.
GIVEN my hand and official seal this a day of Dece yur , 20L
Notary's signature
Notary's printed name
Notary Publi4 and for the State of Washington.
My commission expires k-k 87
PROMISSORY NOTE 10/2012
EMERGENCY HOUSING REPAIR PROGRAM Page 4
RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
City of Federal Way
33325 8h Ave S
Federal Way, WA 98003 -6325
Attn: Jeri-Lynn Clark
DEED OF TRUST
Property Address: 2112 SW 328th St., Federal Way, WA 98023
Grantor (s): Merchant, Miranda
Beneficiary: CITY OF FEDERAL WAY, a Washington Municipal Corporation
Property Legal Description (abbreviated): Village Park Div B Less C & M RGTS
Complete Legal Description indicated below.
Assessor's Tax Parcel ID #(s): 894510 -0150
THIS DEED OF TRUST IS DATED September 24, 2014 between Miranda Merchant,
(referred to below as "Grantor "), whose address is 2112 SW 328th St., Federal Way, WA 98023;
CITY OF FEDERAL WAY, whose address is 33325 8th Ave S, Federal Way, WA 98003
(referred to below as "Lender "); and First American Title, whose mailing address is 33600 Sixth
Avenue South, Federal Way, WA 98003 (referred to below as "Trustee ").
1. CONVEYANCE AND GRANT. For valuable consideration, Grantor irrevocably grants,
bargains, sells and conveys to Trustee in trust, with power of sale and for the benefit of Lender as
Lender, all of Grantor's estate, rights, title and interest, now owned or hereafter acquired, in and
to the following real property located at 2112 SW 328th St., Federal Way, WA 98023 in King
County, Washington, and legally described below, together with all existing or subsequently
erected or affixed buildings, improvements and fixtures; all easements, rights of way, and
appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch and
irrigation rights); and all other rights, royalties, and profits relating to the real property, including
without limitation all minerals, oil, gas, geothermal and similar matters (collectively "Real
Property ").
The Real Property legal description is:
Lot 15, Village Park, Division B, according to the plat thereof recorded in volume 70 of plats,
page(s) 18, Records of King County, Washington.
2. DEFINITIONS. The following words shall have the following meanings when used in
this Deed of Trust. Terms not otherwise defined in this Deed of Trust shall have the meanings
attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall
mean amounts in lawful money of the United States of America.
• Deed of Trust means this Deed of Trust among Grantor, Lender, and Trustee.
• Grantor means any and all persons and entities executing this Deed of Trust, including
without limitation Miranda Merchant.
• Improvements means and includes without limitation all existing and future improvements,
buildings, structures, mobile homes affixed on the Real Property, facilities, additions,
replacements and other construction on the Real Property.
• Indebtedness means indebtedness of Grantor to Lender, including all principal and interest
payable under the Note and any amounts expended or advanced by Lender to discharge
obligations of Grantor or expenses incurred by Trustee or Lender to enforce obligations of
Grantor under this Deed of Trust, together with interest on such amounts as provided in this
Deed of Trust. The word "Indebtedness" also includes all renewals, modifications,
extensions, future advances or increases in the amount of the Note.
• Lender means the City of Federal Way, its successors and assigns.
• Note means the Promissory Note dated, September 24, 2014, in the original principal
amount of $6,395.10 from Grantor to Lender, together with all renewals, extensions,
modifications, refinancing, and substitutions for this Note.
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5.6 False Application. Grantor shall be in default if Grantor, during the application
process or during the period governed by the Emergency Housing Repair Program, gave
materially false or inaccurate information or statements to Lender (or failed to provide Lender
with any material information) in connection with the loan evidenced by the Note, including, but
not limited to, representations concerning (i) Grantor's occupancy of the Property as a principal
residence, and (ii) Grantor's income;.
5.7 Hazardous Substances. Grantor shall not cause or permit the presence, use,
disposal, storage, or release of any Hazardous Substances on or in the Property. Grantor shall not
do, nor allow anyone else to do, anything affecting the Property that is in violation of any
Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage
on the Property of small quantities of Hazardous Substances that are generally recognized to be
appropriate to normal residential uses and to maintenance of the Property.
5.8 Environmental Cleanup. Grantor shall promptly comply with all statutes,
regulations, and ordinances which apply to Grantor or to the Property and with all orders,
decrees or judgments of governmental authorities or courts having jurisdiction which Grantor is
bound by, relating to the use, collection, storage, treatment, control, removal or cleanup of
hazardous or toxic substances in, on or under the Property or in, on or under any adjacent
property that becomes contaminated with hazardous or toxic substances as a result of
construction, operations or other activities on, or the contamination of, the Property, at Grantor's
expense. Lender may, but is not obligated to, enter upon the Property and take such actions and
incur such costs and expenses to effect such compliance as it deems advisable to protect its
interest as Lender; and whether or not Grantor has actual knowledge of the existence of
hazardous or toxic substances in, on or under the Property or any adjacent property as of the date
hereof, Grantor shall reimburse Lender prior to Lender acquiring title to the Property through
foreclosure or deed in lieu of foreclosure, in connection with such compliance activities.
5.9 Duty to Protect. Grantor agrees neither to vacate, abandon nor leave unattended
the Property. Grantor shall do all other acts, in addition to those acts set forth above in this
section, which from the character and use of the Property as Grantor's principal residence are
reasonable necessary to protect and preserve the Property.
5.10 Agricultural Use. Grantor agrees that the Property is not used principally or
primarily for agricultural or farming purposes.
6. SALE OR TRANSFER. The following provisions relating to the sale or transfer of the
Property are a part of this Deed of Trust.
6.1 Transfer of Property. If the Property or any part thereof, or any interest of the
Grantor therein, is sold, leased or otherwise transferred, including any voluntary or involuntary
transfer, or transfer by operation of law, upon death of the Borrower or the Borrower ceasing to
physically occupy the property as Borrower's principal residence, excluding however (a) the
creation of a lien or encumbrance on the property subordinate to the Deed of Trust, (b) the
creation of a purchase money security interest for household appliance, or (c) a transfer by gift,
devise, descent or operation of law to a surviving spouse or child(ren) of an individual Borrower
who expressly assumes this Deed of Trust and the Note secured by this Deed of Trust, or a to a
co- borrower if the Borrower is more than one individual, then Lender may declare all sums
secured by the Deed of Trust immediately due and payable. This provision shall apply to each
and every sale, transfer, conveyance or encumbrance, regardless of whether or not Lender has
consented or waived its rights, whether by action or inaction, in connection with any previous
sale, transfer, conveyance or encumbrance, whether one or more.
6.2 Grantor Notice. If Lender exercises this option, Lender shall give Grantor and
any Senior Lien Holder(s) prior written notice of acceleration. This notice shall provide a period
of not less than 30 days from the date the notice is delivered or mailed within which Grantor
must pay all sums secured by this Deed of Trust. If Grantor fails to pay these sums prior to the
expiration of this period, Lender may invoke any remedy permitted by this Deed of Trust without
further notice or demand on Grantor.
6.3 Senior Lien Holder(s) Notice. Notwithstanding Lender's right to invoke any
remedy hereunder, Lender agrees that is will not commence foreclosure proceedings or accept a
3
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8.4 Grantor's Report on Insurance. Upon request of Lender, however not more
than once a year, Grantor shall furnish to Lender a report on each existing policy of insurance
showing: (a) the name of the insurer; (b) the risks insured; (c) the amount of the policy; (d) the
property insured, the then current replacement value of such property, and the manner of
determining that value; and (e) the expiration date of the policy. Grantor shall, upon request of
Lender, have an independent appraiser reasonably satisfactory to Lender determine the cash
value replacement cost of the Property.
9. EXPENDITURES BY LENDER. If Grantor fails to comply with any provision of this
Deed of Trust, or if any action or proceeding is commenced that would materially affect
Lender's interests in the Property, Lender on Grantor's behalf may, but shall not be required to,
take any action that Lender reasonably deems appropriate. Any amount that Lender expends in
so doing will bear interest at the rate provided for in the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses, at Lender's option, will (a) be
payable on demand, (b) be added to the balance of the Note and be apportioned among and be
payable with any installment payments to become due during either (i) the term of any applicable
insurance policy or (ii) the remaining terms of the Note, or (c) be treated as a balloon payment
which will be due and payable at the Note's maturity. This Deed of Trust also will secure
payment of these amounts. The rights provided for in this paragraph shall be in addition to any
other rights or remedies to which Lender may be entitled on account of the default. Any such
action by Lender shall not be construed as curing the default so as to bar Lender from any
remedy that it otherwise would have had.
10. COMPLIANCE WITH LAWS. Grantor warrants that the Property and Grantor's use of
the Property complies with all existing applicable laws, ordinances, and regulations of
governmental authorities.
11. CONDEMNATION. The following provisions relating to condemnation proceedings are
a part of this Deed of Trust.
11.1 Application of Net Proceeds. If all and any part of the Property is condemned by
eminent domain proceedings or by any proceeding or purchase in lieu of condemnation, Lender
may at its election require that all or any portion of the net proceeds of the award be applied to
the Indebtedness or the repair or restoration of the Property. The net proceeds of the award shall
mean the award after payment of all reasonable costs, expenses, and attorneys' fees incurred by
the Trustee or Lender in connection with the condemnation, and subject to the terms of the First
Mortgage or Deed of Trust.
11.2 Proceedings. If any proceeding in condemnation is filed, Grantor shall promptly
notify Lender in writing, and Grantor shall promptly take such steps as may be necessary to
defend the action and obtain the award. Grantor may be the nominal party in such proceeding,
but Lender shall be entitled to participate in the proceeding and to be represented in the
proceeding by counsel of its own choice all at Grantor's expense, and Grantor will deliver or
cause to be delivered to Lender such instruments as may be requested by it from time to time to
permit such participation.
11.3 Abandonment. If the Property is abandoned by Grantor, or if, after notice by
Lender to Grantor that the condemner offers to make an award or settle a claim for damages,
Grantor fails to respond to Lender within 30 days after the date the notice is given, Lender is
authorized to collect and apply the proceeds, at its option, either to restoration or repair of the
Property or to the sums security by this Deed of trust, whether or not then due.
12. DEFAULT. Each of the following, at the option of the Lender shall constitute an event
of default ( "Event of Default ") under this Deed of Trust:
12.1 Default on Indebtedness. Failure of Grantor to make any payment when due on
the Indebtedness or failure to perform any material obligation under the Note.
12.2 Default on Other Payments. Failure of Grantor within the time required by this
Deed of Trust to make any payment for taxes or insurance, or any other payment necessary to
prevent failing of or to effect discharge of any lien.
5
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RECORDING REQUESTED BY AND
WHEN RECORDED MAIL TO:
City of Federal Way
33325 8t Ave S
Federal Way, WA 98003 -6325
Attn: Jeri-Lynn Clark
DEED OF TRUST
Property Address: 2112 SW 328th St., Federal Way, WA 98023
Grantor (s): Merchant, Miranda
Beneficiary: CITY OF FEDERAL WAY, a Washington Municipal Corporation
Property Legal Description (abbreviated): Village Park Div B Less C & M RGTS
Complete Legal Description indicated below.
Assessor's Tax Parcel ID#(s): 894510 -0150
THIS DEED OF TRUST IS DATED September 24, 2014 between Miranda Merchant,
(referred to below as "Grantor "), whose address is 2112 SW 328th St., Federal Way, WA 98023;
CITY OF FEDERAL WAY, whose address is 33325 8th Ave S, Federal Way, WA 98003
(referred to below as "Lender "); and First American Title, whose mailing address is 33600 Sixth
Avenue South, Federal Way, WA 98003 (referred to below as "Trustee ").
1. CONVEYANCE AND GRANT. For valuable consideration, Grantor irrevocably grants,
bargains, sells and conveys to Trustee in trust, with power of sale and for the benefit of Lender as
Lender, all of Grantor's estate, rights, title and interest, now owned or hereafter acquired, in and
to the following real property located at 2112 SW 328th St., Federal Way, WA 98023 in King
County, Washington, and legally described below, together with all existing or subsequently
erected or affixed buildings, improvements and fixtures; all easements, rights of way, and
appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch and
irrigation rights); and all other rights, royalties, and profits relating to the real property, including
without limitation all minerals, oil, gas, geothermal and similar matters (collectively "Real
Property ").
The Real Property legal description is:
Lot 15, Village Park, Division B, according to the plat thereof recorded in volume 70 of plats,
page(s) 18, Records of King County, Washington.
2. DEFINITIONS. The following words shall have the following meanings when used in
this Deed of Trust. Terms not otherwise defined in this Deed of Trust shall have the meanings
attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall
mean amounts in lawful money of the United States of America.
• Deed of Trust means this Deed of Trust among Grantor, Lender, and Trustee.
• Grantor means any and all persons and entities executing this Deed of Trust, including
without limitation Miranda Merchant.
• Improvements means and includes without limitation all existing and future improvements,
buildings, structures, mobile homes affixed on the Real Property, facilities, additions,
replacements and other construction on the Real Property.
• Indebtedness means indebtedness of Grantor to Lender, including all principal and interest
payable under the Note and any amounts expended or advanced by Lender to discharge
obligations of Grantor or expenses incurred by Trustee or Lender to enforce obligations of
Grantor under this Deed of Trust, together with interest on such amounts as provided in this
Deed of Trust. The word "Indebtedness" also includes all renewals, modifications,
extensions, future advances or increases in the amount of the Note.
• Lender means the City of Federal Way, its successors and assigns.
• Note means the Promissory Note dated, September 24, 2014, in the original principal
amount of $6,395.10 from Grantor to Lender, together with all renewals, extensions,
modifications, refinancing, and substitutions for this Note.
1
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one sale or by separate sales. Lender shall be entitled to bid at any public sale on all or any
portion of the Property.
13.8 Waiver, Election of Remedies. A waiver by any party of a breach of a provision
of this Deed of Trust shall not constitute a waiver of or prejudice the party's rights otherwise to
demand strict compliance with that provision or any other provision. Election by Lender to
pursue any remedy provided in this Deed of Trust, the Note, in any Related Document, or
provided by law shall not exclude pursuit of any other remedy, and an election to make
expenditures or to take action to perform an obligation of Grantor under this Deed of Trust after
failure of Grantor to perform shall not affect Lender's right to declare a default and to exercise
any of its remedies.
13.9 Attorney's Fees, Expenses. If Lender institutes any suit or action to enforce any
of the terms of this Deed of Trust, Lender shall be entitled to recover such sum as the court may
adjudge reasonable as attorney's fees at trial on any appeal. Whether or not any court action is
involved, all reasonable expenses incurred by Lender which in Lender's opinion are necessary at
any time for the protection of its interest or the enforcement of its rights shall become a part of
the Indebtedness payable on demand and shall bear interest at the Note rate from the date of
expenditure until repaid. Expenses covered by this paragraph include, without limitation,
however subject to any limits under applicable law, Lender's attorney's fees whether or not there
is a lawsuit, including attorney's fees for bankruptcy proceedings (including efforts to modify or
vacate any automatic stay or injunction), appeals and any anticipated post - judgment collection
services, the cost of searching records, obtaining title reports (including foreclosure reports),
surveyors' reports, appraisal fees, title insurance, and fees for the Trustee, to the extent permitted
by applicable law. Grantor also will pay any court costs, in addition to all other sums provided
by law.
13.10 Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set
forth in this Section.
13.11 Grantor's Right to Reinstate. If Grantor meets certain conditions, Grantor shall
have the right to have enforcement of this Deed of Trust discontinued at any time prior to the
earlier of (a) five (5) days, or such other period as applicable law may specify for reinstatement,
before sale of the Property pursuant to any power of sale contained in this Deed of Trust; or (b)
entry of a judgment enforcing this Deed of Trust. Those conditions are that the Grantor: (a) pays
Lender all sums which then would be due under this Deed of Trust and the Note as if no
acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays
all expenses incurred in enforcing this Deed of Trust, including, but not limited to, reasonable
attorney's fees; and (d) takes such action as Lender may reasonably require to assure that the lien
of this Deed of Trust, Lender's rights in the Property and Grantor's obligation to pay the sums
secured by this Deed of Trust shall continue unchanged. Upon reinstatement by Grantor, this
Deed of trust and the obligations secured hereby shall remain fully effective as if no acceleration
had occurred. However, this right to reinstate shall not apply in the case of acceleration under
paragraph 5.
14. POWERS AND OBLIGATIONS OF THE TRUSTEE. The following provisions
relating to the powers and obligation of Trustee (pursuant to Lender's instructions) are part of
this Deed of Trust.
14.1 Powers of Trustee. In addition to all powers of Trustee arising as a matter of law,
Trustee shall have the power to take the following actions with respect to the Property upon the
written request of Lender and Grantor: (a) join in preparing and filing a map or plat of the Real
Property, including the dedication of streets or other rights to the public; (b) join in granting any
easement or creating any restriction on the Real Property; and (c) join in any subordination or
other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust.
14.2 Obligations to Notify. Trustee shall not be obligated to notify any other party of
a pending sale under any other trust deed or lien, or of any action or proceeding in which
Grantor, Lender, or Trustee shall be a party, unless required by applicable law, or unless the
action or proceeding is brought by Trustee.
7
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otp Jo iiud Xuu Jo llt 01 ioadsa.i ititm anogu tliioj ias so!patuai put sitl2u alp 01 uoiiippu ui .Ave!
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feasible, any such offending provision shall be deemed to be modified to be within the limits of
enforceability or validity; however, if the offending provision cannot be so modified, it shall be
stricken and all other provisions of this Deed of Trust in all other respects shall remain valid and
enforceable.
16.7 Successor and Assigns. Subject to the limitations stated in this Deed of Trust on
transfer of Grantor's interest, this Deed of Trust shall be binding upon and inure to the benefit of
the parties, their successors and assigns. If ownership of the Property becomes vested in a person
other than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with
reference to this Deed of Trust and the Indebtedness by way of forbearance or extension without
releasing Grantor from the obligations of this Deed of Trust or liability under the Indebtedness.
16.8 Grantor's Copy. Grantor shall be given a copy of the Note, Affordability
Covenant and of this Deed of Trust.
16.9 Waivers and Consents. Lender shall not be deemed to have waived any rights
under this Deed of Trust (or under the Related Documents) unless such waiver is in writing and
signed by Lender. No delay or omission on the part of Lender in exercising any right shall
operate as a waiver of such right or any other right. A waiver by any party of a provision of this
Deed of Trust shall not constitute a waiver of or prejudice the party's right otherwise to demand
strict compliance with that provision or any other provision. No prior waiver by Lender, not any
course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender's rights
or any of Grantor's obligations as to any future transactions. Whenever consent by Lender is
required in this Deed of Trust, the granting of such consent by Lender in any instance shall not
constitute continuing consent to subsequent instances where such consent is required.
16.10 Applicability. This Deed of Trust applies to, insures 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 Lender shall mean the hold and owner of the Note
secured hereby, whether or not named as Lender herein.
EACH GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF
THIS DEED OF TRUST, AND EACH GRANTOR AGREES TO ITS TERMS.
GRANTOR:
Signature
Miranda Merchant
Printed Name
STATE OF WASHINGTON )
) ss.
COUNTY OF )
BRITTANY C. BLAZIER
NOTARY PUBLIC
STATE OF WASHINGTON
MY COMMISSION EXPIRES
07 -14 -15
On this day personally appeared before me, Miranda Merchant , to me known to be the
individual described in and who executed the foregoing instrument, and on oath swore that he /she /they
executed the foregoing instrument as his /her /their free and voluntary act and deed for the uses and
purposes therein mentioned. ``
GIVEN my hand and official seat this ORC3\ day of CeM%� —, 20 1�4 .
Notary Signature
Notary Printed Name
J..�� -� i1/LL
ti I DALM Li
Notary Publ. n and for the State of Washington.
My commission expires 1/ Ic'{1 tc-,
9