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Home My WebLink About9510200181 /' ,t Filed for Record at Request of: When Recorded Return to: Name Bremerton city Clerk Address 239 Fourth street _ {{frlq Bremerton. Washinqton 98310 'NO T( ,', KITSAP COUN~ Oyster Bay Avenue S. - Meyer TRANSACTION EXCISE TAX PAID OCT 20 1995 tqsg .00 EASURE"", ,,<,. ""I" STATUTORY WARRANTY DEED (For Use in the state of Washington Only) NTOR, RUSSELL B. MEYER, JR., a single person, for and in consideration of good and valuable consideration, conveys and warrants to the CITY OF BREMERTON, a municipal corporation, the following described real estate, situated in the County of Kitsap, state of washington: LOT (S) 1 AND 2, BLOCK 21, BREMERTON HEIGHTS, THE PLAT RECORDED IN VOLUME 3 OF PLATS, RECORDS OF KITSAP COUNTY, WASHINGTON. DATED this Mb-J.... day of SE"fJ7C/K!3~ ACCORDING TO PAGE(S) 41, , 1995. ~~~~ R S S LL . MEY ,JR. . STATE OF WASHINGTON) COUNTY OF ~; ss. On this date, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared RUSSELL B. MEYER, JR., to me known to be the individual described in and who executed the within and foregoing \\ STATUTORY WARRANTY DEED -1- MEYER.S~D - ~est Hills Closings - 9/11/95 instrument, and acknowledged that he signed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. ~ ~~_ u!,d~" my hand and official seal this Jd"-I~ay of ~~ ,1995. ~ ""'.\'.'''~':~';'~ll'ii:'j;i'" . ~ .;t2\',.,, :'n', U4 ,":.Y-~.~"-'~'~,l..... .~> ~"""~.. ot ry Ubl~i in and for t~i~a~~." .;,~f.' .'e.~.:'~.'l:~~'.\ '.\ . I ' . ~U~l;Jf 6~<:d'. rfJ - , residing at : '. ,..' l,. IV' ~ i My appointm t expires: lOI ~~X~'~':'~:.I:\:'.r~: J \~o' ~~t, ~~~'\~"~~;:~>~ /',(/ '\J ..:: i \ I \,\\\ trUn1fiH.\\' A.F__: 95~0200~8i REEL 0880 FR 2316 STATUTORY WARRANTY DEED -2- MEYER.SWD - West Hills Closings - 9/11/95 _.~~ ~_. '~_.........:;;>o""_u"",,, ---......".-v;--El;It,'--~:..:~~ijI.~~j.e';:t~ .; . \~;~~f@f"" . . " : 1',';':-.'~-';."': .'.- '."....'.. ~ ' :':. . :~'~':;'~~t,;,~" .':;. _J ~ (~- (' K iTsAP COUNTY $14.00 CTC FILED-BY: CHARTER TITLE CORP MAR 30, 1993, 12:29 PH KAREN FLTh7~, AtJJlTOR CLERK: VENESKY A_F_#:~9303300162 REEL 0708 FR 1574 3P .~ .,' AFTER RECORDING RETURN TO: U.S. BANCOR? MORTGAGE COXPANY POST CLOSING DEPARTMENT ORE-4411 501 SE HAWTHORNE BLVD. PORTLAND, OR 97214 . . oJ'. ,';.' " ." **Oeed of Trust is being re-recorded to correct proterty address'on Adjustable Rate Rider." ISp:K~ ~ bo-yt Thk Unot F Of' Rt'Cordin& 021:'] LOAN #30861935 Stale of '''ashinglon DEED OF TRUST $14.00KIT . CHCK FILED-BY: CPARTER~11TL~ CORP JUl 26, 1994, 3:t6 PM HA No. THIS DEED OF TRUST ("Security Instrument") is made on MARCR 24:"1993 . The Grantor is RUSSELL B. HEYER, JR., A SINGLE PERSON ('Borrower"), The trustee is U.S. BAh~ OF ~ASHINGTON, NATIONAL ASSOCIATION ", .......: .... ('Trustee'). The ~ndiciary is = U. S, BA.llCORP MORTGAGE COXPANY .....hich is organized and existing under the lows of THE STATE OF OREGOS . and whose address is 501 S.E. HA'"TtiOlU,E BLVD., PORTLA.'ID, OR 97214 ('Lender). Bo~"er o....-es under the principal sum of -------------------------EIGHTy THOUS~~~ FI'~ Eu~~RED FORTY SL~ A.~~ 00/100------------- ------------------------------------------------------ Dollan; (U .S. S 80,546.00 ). This debt is evidenced by Borrowers nole dated the S:!~ date as this Security Ir:s!roment CNOle"). which provides for monthly payments. with the full debt. if not paid earlier, due and payable on APRIL 1, 2023 This Security Instrumenl secures to Lender: (3) the Tep3ymenl or L'>e debt evidenced by the :-;ole. with interest. and all renewals, e.<tensions and modifications; (b) the pa}'ment of all other sums. .....ith interest, a<hanced under par3p.ph 6 to protect the security of this Security Instroment; and (c) the performance or Borrowers covenants and agree:nents under this Security Instrument and the Note. For this purpose, Borrower irrevoc3bl)' grants and conveys to Trustee. in trust. with po.....er of S:!le, the following described property located in KITSAP County. Washington: LOTS 1 AND 2, BLOCK 21, BREMERTON HEIGHTS, ACCORDING TO THE FLAT THEREOF, RECORDED IN VOLUME 3 OF PLATS, PAGE 41, RECORDS OF XITSAP COUhlY, WASHINGTON; SITUATE IN KITSAP COUNTY, WASHINGTON. KAREN FLYNN, AUDITOR CLERK: F~AN A-F-#:~9407260216 REEL 0817 FR 1274 which has the address of 904 OYSTER BAY AVENUE S. UNITS 101 AND 102, Washington 98312 (Z;p C<>.k) CProperty Address"); BREHI:RTON IStr<et, Cityl. Q .4RIWAI "'031 ~ ".''''' VUP UOI'TG.AG( '(MItNS. 13131:'3 '100. leool'U 1.7Ut nlA WuhlnJton Dttd of Trusl .1191 . \ .'~. :~' .' ~ . "", ' " .-,.---- . .~ '"", '; '.-:-- :::.... :'. .',.~' . ~ _. co:- . ..,.... . ,'. --~':-"--~ ','" , " ,. .. ., " . ...., " . Trustu shall deliver to the purchaser Trust~'s d~d conveying the Property wilhout :any covenant or warranty, . expr~ed or Implied. The recitals In the Trust~'s d~ shall he prima f:aeie evidence of the truth of the statements made therein. Trust~ sh,,1I "pply the procuds of Ihe 52le in (he follo\dng order. (2) 10 all expenses of (he sale, including, but nol Iimllcd to, rca~oll,,"le Truslcc's and :>(lome)'s' fee<;; (h) 10 :>11 sums S<<1Jred by this Security Instrument; and (c) llny exc~ to the person or persons legally eaWled 10 II or 10 the clerk of the superior court of the county In ...hkh the sale took plnce. 18. Recoll\'C~yallce. Upon pnyn><:nt of all SUolS secured by this Security Instrument. Lender sh"lI request Trustee 10 reconvey the Property and shall surrender Ihis Security Instrument and all notes evidencing debt secured by this Secorily Instrumenl to Trustee. Trustee shan reconvey the Property without warranty and without charge to the pe~.n oF-peJ;on5 legally wtitled to it. Such person or persons shall pay any recordation costs. I , 19. Substilule Trustee. In accordance with applicable law. Lender may from time ,to Jime appoint a sua:essor trustee to any Trustee appointed hereunder who has ceased to act. Without conveyano: of the,Property, (he sua:essor trustee shall succeed 10 all the title, power and duties conferred upon Trustee herein and by applicable law..'" . I ' .' " 20. Use of Property. The Property is not used principally for agricultural or farming PU~. ~ . 21. Riders to this Security Instrument. If one or more riders are uecuted by Borre"'er and recorded together with this Security Instrument. the covenants of each such rider shall be incorporated into and shall L~'ld and supplement the covenants and agreements of this Security Instrument as if the ricer(.) were a part of this Security Ins::-ument. [Check ~ppliC:lble box(es)] o Condominium Rider o Planned Unit Development Rider D D Graduated Pa)'ment Rider Gro"';ng Equity Rider [XJ Other [Specif)'] ADJUSTABLE RATE RIDER BY SIGNING BELOW, Borrower accepts and agrees to the terms eon:ained in this ~:i[y Instrument and in any rkkr(s) executed by Borrower and recorded with it. V,ritnesses: J?~~.-o_1'{~-r--*. RUSSELL B. MEER, JR:--' (Se:> I) .B..~ (Seal ) A_F_#: 9303300~6~ REEL 0708 FR ~579 ~ .. ~ . (Seal) (SeA!) .lktrTO,,'er ~....,r ST ATE OF WASillNGTON A_F~#: 9407260216 REEL 0817 FR ~279 } ss: County of KITSAP On this day person~lly appeared before me RUSSELL B. HEYER, JR. 10 me kna"'n 10 be Ihe individual thaI HE signed Ihe same as menlioned, _~~'\1\der my hand and official seal this - \.. N)I' 1, ; ~'-' J 0 ~l ;- ~~$:,;Sio:;{;:..~<:) t~ f ~:'~9 t\OlARr.....\~ ~f' '-: * 1 l ~ U'>~r\1Y rnirll!)enl :.xpils on I At~Ah I ~~ 'f'1/. '. ..i'Q.q:>....:'.~ '" ., ~ 0 ......... ~~'/ ' '",I: w~s~~...,.- ,,'-"'''....- described in and ",'he execuled the ";thin and fo~going instrumenl, and aClmowledged B IS free and voluntary act and deed. for the uses and purposes therein 9-30-93 ~..,. ;. ~ 'To.. ) .....- -~ ~. .t,.;;:~:, ~. _ ~J .i Ilf~~,;':,j,-,' '.. ~ -: .:..: -:: . .. r ~ - r,. -...-;-' 09. :', .':'.",:~'_ -:.'....~; I. .___ . :~:- :... ".: ... ......- LOAN #30861935 I FHA Cu<: No. S61-5882676-~7.29' IJ I . , :-...: ;~~. :_i . .. .~. .'. .,.':-....- ....-... ADJUSTABLE RATE RIDER~.. .... ":')0._. 1_.., '..' . ! ~. .~. . -".0;.'.-. '. .". :...... .0 .; THIS ADJUST ABLE RATE RIDER is made this ._A' '0. ~ 24:rn ',' , :~ '- C~". cUy of MARCH . 1993 . and is incorporaled ;nlo a.."ld shall be d~med io affirnd C-x:l supplemenl the Mortgage, Deed of Trust or Seeurily Deed ("Security Instrument") of the = dale given by the uooersig.'>ed ("Borrower") to secure Borrower's Note ("Nole") 10 i U.S. BANCORP MORTGAGE COMPANY '. .~..' ....... .-. . '._.. ....:...: .' ..' . .-.' - '_. :'.' i" . . .' ~ . '. . . ; -' . >-. - ~ : .'.. ..~:::;.:.~.-:. .- ~. ~'. "'''~: \ (the "Lender") of the sarne dale and covering the property described in Ihe ~rily" Inslfu~ and located at: , . ,. . 904 OYSTER BAY AVENUE S, UNITS 101 AND f8~' BREHERTON. wASHIijGTON 98312 ~L~A_F.#: 9303300162 - REEL 070B FR ~5BO (Properry Addr=s 1 .' '-' ". . ::.'~. ~'."':-. :.:..- :.:':".~ -;'.~~~"...-::'":"'; ~,.; .;- - ". . C]:~:~:/~.,~:.,:;sc: c.:.. :t:.;B:~~.~: ;:"' ;.. :~.' "': ~;-...; ~: THE NOTE CO;\7AIKS PRO\1SIONS ALLOWI?"G FOR CHASGES IN THE L'iTEREST RATE MiD THE MONTHLY PAYMEI'H. THE 1'\OTE LL\IITS THE AMOUr-rT THB 'BORROWER'S ll'HEREST RATE CAN CIIA1'\GE AT A.:\'Y O;\'E TIME ^''''D THE MAXIl\JUl\! RATE TilE RORROWER MUST PAY. ADDITIONAL COVENA"'7S. In addilion to the coven.,nts and ag,,,,mcnts mode in the Security Jnstrume:nt, Borrower ~ Lcnde:r [urt.l:er coven:mt and agree 3.5 !oHc~'s:: . ".:": -~'.....- :.. -' . 5. r"'7EREST RATE AND MO;\7HLY PAYMENT CHAl'\GES (A) Change Date The interest rale moy change on the first day of JULY 1994. and on that day of each succeeding year. 'Chonge Date. means each date on "..hieh the interest rate eould chonge. ".::":.:"'.." . (fl) The Index Beginning with the first Change Dale. the interest rale will ~e b....<e:l on an Index. 'Index' means the ",'ully average yield on Uniled Slales Treosuf)' Securities adjusled 10 a constanl m.::!tunt). of one year, as m3de a,'aj1at>le by the Federal Reserve Board. .Currenl Index. means the most recent Index figure available 30 days before the Change Dale. If the Index (as defined JMve) is no longer anila~le. Lexer ",;11 use as a new Index any inde.x prescri~ by the SecrelJf)' (as defined in p:>ragraph 7(B)). lexe: will gi,'e Borro..'..er nOlice of the ne..... Inde.'(. REEL-nB17 FR12BO A.F.#: 9407260216 (C) Calculation of Interest Rate Changes Before eJch Change Dole. Lender will L.llculate a new inler.est rale b)' :odc'''g a margin of _________ -------- nm AND 00/100--------------- percenl'ge pcinr(s) ( 2.000 %) to !he Currenl Indo and rounding the Slim to Ihe neorest one-e;ghlh of one percentage poinl (0.125%). Subject to Ibe limits staled in paragraph 5(0) of this Note, Ihis rounded ar:k~nl will be L,e new interest rale until Ibe IXXt Change Dale. I. CD) Limits on Inle~t Rate Changes The inleresl rate ",'i11 never increase or decrease by more than one percentJIge point (1.0%) on any single Change Dole. The interest r:lle will never be more than fi,'e perre.nt3ge points (5.0%) higher or 10....'U than !be inilial interest rnle Slated in porogr:lph 2 or this Nole. 0.59110,031 '" "89" 1 ., J '^''' ~'JCAGE f~, 01l}j',)..,oo. eootn'.7~1 nl^ Muhishttt' AR..\I Ride-r .1.0.,1 :'. .':: ;. .. .~: . " .' ...,:... to'," : " .::.': , ... :., ..' . ~ .. ,~~ :' .. (E) Calculation of Payment Change If the interest rale changes on a Ch;lnge Date. Lender wiiJ calculate ~ amount of monthly payment of principal and inlerest which would be necessary to repay the unpaid priocipal balaoce in full at the maturity date at the new interest rate through SUbstantially equal payments. In making such C4lculalion, Lend..r ",;11 use the unpaid principal balance which would be owed on the Change Date if there had been no default in payment on the Note, reduced by the amounl of any prepayments to principal. The r""ult of this calc-ulalion will be the amounl of the new monthly pa)'IOenl of principal and interest. ',,,,,_ (f) Notice of Changes i Lender will give notice to Borrower of any change i~ Ihe inlerest rate and mont!;!y pa~menf amount. 1be nnlice must be given at least 25 da)'s before the new monthly payment 3o'nooOl is due, and must set forth (i) the date of Ihe notice. (ii) the O1ange Dale. (iii) the old interest rale. (iv) Ihe new intereSt rate: (v) the ne'1' monthly payment amounl, (vi) the Current Index and the dale il was published. (vii) the method. or calc:lating the change in monthly payment amount, and (viii) any other information ",'hieh may' be rcquire-d by la:"from time to time. - ... - (G) Effectl,"" Dale of Changes A new interest ",Ie calculate-d in :ocrordance with paragraphs S(C) and SeD) of this Note will become effeclive on the Change Dale. Borre""er shall make a payment in the new monthly amount beginning on the first payment date which occurs al least 2S da)'s afler Lender has given &>rro.....er L~.e notice of changes required by paragraph S(F) of this Note. Borro.....ef shall have no obligation to POl' any increase in lhe monthly P3)'me.'1t 1l1ll0unt calculaled in accordance with paragr:Jph S(E) of this NOle ror any pay"".enl date occurring less than 25 days aflcr Lender has given the required notice. If the monthly payment amount calculated in accordance ",;t.'l paragraph SeE) of this Note dccre:lScd. but Lender failed to give timel)' notice of the decrease and Borro.....er nude any monthly payment amounts exCTI:ding the pa)'menl amounl ",'hich should have bun state-d in a tirr.ely notice. then Borro.....er has the oplion to either (i) dem:md the relurn \0 Borro.....er of any excess payment, with intefesl thereon at the Note rate (a rate equal 10 t~.e intuesl r.lle .....hich should ha.'e been s:atcd in a limel)' OOlice), or (ii) request lhat any excess payment. with interest Ihereon at the Note rate. be atplied as payment of principal. Lender's obligation 10 return an)' excess p"ymenl .....ith interest on demand is no( assignable even if this NOlC is otherwise assigned before the demand for return is made. BY SIGNING BELOW. Borre.....er :>ccepts and agrees to the tcnr.s and co.'e=nts contained in this Adjustable Rate Ri<<r, ~~8 /7t{~~ ~'(SuI) RUSSELL B. MEYER. JR. l -Borrower (~ '~ (SuI) ( Seal) .~ .BoJTOwtr ~. Bdo.. Th;, U... Il...nrd ror ,~c~""~k<Icn><" J A_F_#: 9407260216 REEL OB~7 FR ~2B1 A_F_#: 9303300162 REEL 0708 FR 1581 '-v- 2 ., Z '- ~-c':') 'J j , _._.___J . ' , ' ~~~:::c>c-- :-' ._~~":' .':. ~'~ 'f",~" . ..... ~i&.Uf;i~l~ . ~~~l~&I~~;"' ... r'jl~J~';_;!F~:;:;;';i' '. .,:.... .~:' :..,.:.....:.. ..... . -' . ....:..:..:-.,..~~:..:.~ ..;..-:.......;-.' ~: '. ..... ....-......... ,~11,~J/:4:kli. ~.~~/<::~:::. .~~~i~._~~< ~_::~~-':, :..~..:.:. .-: ':.".. ,- ..", .~. '..::;-. . . . .".~-.:::.;~ :.,A.:....-.:,~.. .,~_; ., " ..-" ,', . -~:" ".: :~ -- ....~ " ":t".:'-. . : ",,:-;;:: ',-:-,:':'. .....:.~.:~>.:..y~.::...: >--.:"~: -.:..... .;. ~'. -:. _,' . ,.... .-:-' . I . .~-- -';;-. .---.-'".~. . :_...~~L';-::~.;..~;;~- :-.;-'. ':"":....:. ~~~~fiA2:,i:::;.:~-o:" . .:.:::..::.;.:;.. ,:~,~">~:'=,,:~~ . iEf;f.';~{:),}'i.:'-;'" ' :{{);?~~"~,,:.:~:~:~:~, .~'. ..', . . '.' .... -. ." ",..-.' ": . .- .-. .. _. "" .__ _.... - ....... 0-- . . . .::~' . '.. "'-, ~ ~- . . . .: .': :-..: ::~~-"'-' .:~ ~::.- ..' .-:' : '.: '--.. '. .'.- ::'. ~ . ',.:. .. .:.- .-,-. .... "... . .' . o~'..; ;. ~ '. - . ." .... ~.. _.l . : , : '. '.'. .'. .,~ ".. ... , . . . .:'" '. .... ..: : ~ .. :' . '. .. . .'0 .. ....: :'.'-':"<<".'~'.>"" ,~~: ~~~;.~;~[:~~.:~. ;", . .... ,.' : ~ '.;' ..0 ~ '. ...... :. ~'::- .;. :~:: ..- . . . '" ~ .. . ..'. . ,'... - ,'- . . . ~ -- . ............. .,' . '. . ..'" :~'.': ...::.... ...:::.. -' " ,":'. ~ '"':' ..... '. . ~~.1 .~ \ ' ;,: -,...~ ....- ''''',,", ,'--."............. ....::) \ - ---. " f', J ..~~ ~ .~ < ,:....... "---,, ........~-.;. , - ,." .', '':'-' -~ ~:L: "- T\I'-" { 'i \ \.. --=-:J --- ~ (V ..,. - Y2 \ l Recording Requested by: LENDER SERVICE BUREAU USB Loan II 30861935 lUlllI illl!U DITI on nil mil In InD Source One'Loan' 11608681-5 ?ff KITSAP COIJNTY $7.00 CHCK FILED-BY; lmDER SERVICE BUREAU JUN 21 19941 10:33 AM I'.AREN FL 'fUN, AUDITOR CLERK: FREEMAN A.F.#: 9406020~63 REEL 0807 FR 1692 11I1111m11~11l m 1l1I1mil mlllm nn IIDllll LENDER. SERVICE !l UR.EAU P9QI' 818085 ImnmllUn~llm!llnmffD LSB II USB08 -53067 lillll !llllil ~nillIllUmnUll ~llm milllDn When r=rded maillO: under Servi~ Bureau 555 University Avenue Suite 130 Sacramento, CA 95825 '.4~" - ASSIG~'MENT OF MORTGAGEJDEED OF TRU~T_ , For good and valuable consideration, the sufficiency of which is hereby acknO\';e4g~ \!le underngncd, ..' ,:.1 US BANCORP MORTG.J..GE CO~fPA.~<Y \ . whose address is 501 S.E. Hawthorne Blvd., Portland, OR 9n14 By these presents does convey, grant. bargain, sell, assign. transier a..;d set over to: SOURCE ONE MORTGAGE SERVICES CORPORATION (Grantor) whose address is 27555 Farmington Read, Farmington Poills, Ml 48334-33.57 the described Mortgage, together "ith the ~rtain nOle(s) dcs..-nOed there;'., wiL" all interest" all liens, nnd any rights due or to become due thereon. Said Mortgage is recorded in the Sl:lte of Washington, Cou:-w'Y of Kitsap Official Records on: March 30, 1993 Original Mortg:lgor. Russell B MC)'er Jr , (GranlCl:) Original Loan Amount: S80,546.00 Property Address: 904 O)'SIer Bay Ave S fllOI &. #201 . Bremerton, Washington Propertyrra.'C ill #: ugal Municipality: Document': 9303300162 Book: 0708 Page: 1574 IN WITNESS WHEREOF, the undersigned corpontion has cuscd this ins1ru:nent to be exccut=:l :as a se:llcd inslrument by its dul)' authorized o!Ti~r. Date: Janunl)' 18, 1994 US B^,"CORP MORTGAGE COMPA.."JY ~I.J/~llub;'J Charlene Carter,Vi~ President Nolar)' Acknowledgcment STATE ofDlifomia County of Sacramento On January 18, 1994, befon: me., David J, Klein, persorully appe:lrcd Ch:ulene Carter, pro...c-d to me on the basis of satisfactory ~dence to be the person whose rume is subscribed to the \\;thin instrument and acknowledged to me that she e.'Ceruted the same in her authorized C3pacity and that by her signature on the inslrument. the entity upon behalf of which the person acted, cxerulcd the instrumenL J2m'7fm"=t David 1. Klein, Not:!!)' Public CAPACITY cu:n..{ED BY SIGNER: US BANCORP MORTGAGE COMPANY VIC'C President Documcnt Prcp:m:d by: Lender Scrvice Bul"C:lu, Jl Wentz OA'r1D 1 nIDI ~ 1Io1~~ ~ ~~t= cittt 1m ~ - - - - - - - - ~..( o ..- _ _ AU.1lQm uso,vm ~t.rf.1/tO I ,~ ! ;'- !... AGREEMENTS FORMS DISK REPSA2.AGT REAL ESTATE PURCHASE AND SALE AGREEMENT Improved Property THIS CONTRACT CONTROLS THE TERMS OF THE SALE OF THE PROPERTY. READ CAREFULLY BEFORE SIGNING. THE CITY OF BREMERTON, a Washington municipal corporation, (hereinafter called "Purchaser") hereby agrees to purchase and the undersigned Sellers hereby agree to sell the following described real estate located in the city of Bremerton, County of Kitsap, commonly known as 904 Oyster Bay Avenue S.. Bremerton. WA ,and legally described as fq~~ows: SEE ATTACHED EXHIB1T I'A II C/-- -- 1. PURCHASE PRICE: \&.N One Hundred&F" e Thousand ~ The total purchaSE price is :U \lO 000-00 Dollars ($ ) . 2. CONDITION OF TITLE: The title is to be free of all encumbrances or defects except: Rights reserved in federal patents or! state deeds, building or use restrictions general to the area, existing easements not inconsistent with Purchaser's intended use, and building or zoning regulations or provisions shall not be deemed encumbrances or defects. Encumbrances to be discharged by Sellers may be paid out of purchase money at date of closing. 3. TITLE INSURANCE: Sellers shall furnish to Purchaser a Washington Land Title Association Standard Form Owner's or Purchaser's Policy of Title Insurance in the amount of the purchase price. Sellers authorize the City Attorney to apply as soon as practical for such title insurance, and as soon as reasonably possible, Purchaser shall be furnished a preliminary commitment therefor issued by Land Title Company. (The Sellers shall assume any cancellation fee of such commitment or policy.) The title policy to be issued shall contain no exceptions other than those provided in said standard form plus encumbrances or defects noted in paragraph 1 above. If title is REAL ESTATE PURCHASE AND SALE AGREEMENT -1- REPSA2.AGT - Agreement Forms - 3/13/95 , i; not so, insurable as above provided and cannot be made so insurable by th~~ termination date set forth herein, this agreement shall termin1ate; provided, however, th::lt Purchaser may waive defects in writin:g and elect to purchase. 4. DEFAULT: I:f eithe-r party defaults (that is, fails to perform thf3 acts requi:r!ed of that party) in that party's contractual performance hereirl, the non-defaulting party may seek specific performance pursua~nt to the terms of this agreement, damages, or rescission. -" -I' . PRO-RATION: ']i~axes for the current year, rents, insurance, interest, water anq ot!her utilities constituting liens shall be prorated as of date o-f clcbsing. pUTchaser shall pay for remaining oil in fuel tank, the an:lOunt to be determined by the supplier. ---. I I 6. POSSESSION: .. 4- ~:;ellers shall deliver possession to Purchaser on closing, or Id~s after'closing. Sellers agree to pay Purchaser the sum of $~[?;Y for each day of possession beyond date of closing. posse~::;sion shall be deemed given when Sellers have vacated the premi~::;es and delivered the keys to same to Purchaser or to closing agent~ Said paYment shall be the sole responsibility of Sellers. -;7 . CONDITION OF PROPERTY: i?urchaser off ers to purchase the property in its present condi'tion on the terms noted. Sellers hereby warrant that to the best 10f their knowledge the premises described herein and the improy'ements thereon do not violate the applicable building or zonin3' regulations and that they are unaware of any material defect in th,'e premises or improvements thereon with the exception of the follo'~ing, to-wit: None. ,8 . TIME FOR ACCEPTANCE: Purchaser's offer is made subject to~acceptance of Sellers on or be:fore Twelve 0' clock midnight on Jf)...n..e~ 3() i i'\C(5 , '9. TIME FOR CLOSING - RESPONSIBILITIES OF PARTIES: ,The sale shall be closed in the office of the Bremerton City Attoriney within 45 days after preliminary commitment for title polic'y is delivered showing titleJi;u.surable, as above provided, but in an1y event not later than the ~ day of SeI+e~.J:~e..r , 19451_, upon which date the agreement shal terminate. The Purchaser and Sellers shall deposit with the Bremerton city I , REAL IESTATE PURCHASE AND SALE AGREEMENT -2- REPSA:;;~.AGT - Agreement Forms - 3/13/95 I Attorney all instruments, documents and monies necessary to complete the sale in accordance with this agreement. 10. CLOSING COSTS AND PRORATIONS: The Sellers agree to pay for the costs of clearing the Sellers' title to the sale property, including any delinquent property taxes, the owner's standard title insurance policy, and any real estate excise tax related to the sale property. Real estate' taxes for the year of closing 1 and utilities constituting liens against the property, shall be prorated as of closing. Any assessments shall be paid by the respective Sellers. 11. DATE OF CLOSING: For purposes of this agreement, "date of closing" shall be construed as the date upon which all appropriate documents are recorded and proceeds of this_sale are available fo~ disbursement to Sellers. Funds held in reserve accounts pursuant to escrow i~tructions shall be deemed, for purposes of this definition, as available for disbursement to Sellers. 12. RISK OF LOSS: If prior to closing, improvements on said premises shall be destroyed or materially damaged by fire or other casualty, this agreement at option of Purchaser shall become null and void. If Purchaser elects to continue, all insurance proceeds, if any, shall be payable to Purchaser. 13. PERSONAL PROPERTY: All attached floor coverings, attached television antenna, window screens, screen doors, storm windows, storm doors, plumbing and lighting fixtures (except floor, standing, and swag lamps), shades and venetian blinds, curtain rods, attached bathroom fixtures, trees,' plants, shrubbery, water heating apparatus and fixtures, awnings, ventilating, cooling and heating systems including built in and "drop in" ranges (but exceeding all other ranges) and all other fixtures that are now on the premises shall be included in the sale unless otherwise provided herein. 14. ATTORNEYS' FEES: If either party hereto is required to retain an attorney to bring suit or seek arbitration to enforce any provisions of this agreement, said party shall be entitled to reasonable attorneys' fees regardless of whether the matter proceeds to judgment or is resolved by defaulting party curing default. 15. ENTIRE AGREEMENT: There are no other verbal or other agreements which modify or affect this agreement. Time is of the REAL ESTATE PURCHASE AND SALE AGREEMENT -3- REPSA2.AGT - Agreement Forms - 3/13/95 " , essence of this agreement. All subsequent modifications or waivers of an~ condition of this agreement shall be in writing and signed by t~e appropriate parties. ~l.).\q~ 'Date CITY OF BREMERTON BY:~ 4.P LYNN HORTON, Mayor PURCHASER ector of Public Works & utilities Attorney Address: Bremerton City Hall Attention: Kathleen L. McCluskey, Clerk 239 Fourth Street Bremerton, Washington 98337 Pur,chaser's Phone:. (206) 478-5290 ******* On this date .2/ 10.9.0 , we hereby approve and a,ccept the sale s forth in the above agreement and agree to I carry out all the terms thereof on the of the Sellers. s::t:t SellE~rs' Address: 9o~ O~51~.K..i>A.~ AJj,CA.-h.)E" let sJler' s Phone: CP-br.)'-I 00:. 1:2..33 S A.l E: A c.~CA{-r:::, *-.'/~OOOCGAN Ne\ A'F~ofLO 1-0 L~A\JL . ToR. AJ~ y /-G'.sS) fr AlL G A 5'1{ -OR.C.I-H:( "'- REAL ESTATE PURCHASE AND SALE AGREEMENT _4~f> FJ (ffr CLosll'Iifu. REPSA2.AGT - Agreement Forms - 3/13/95 . " ******* A true copy of, the,/ hereby received on / Sellers is IAN R. s1 VERS Bremerton City Attorney\ Agent for Purchaser RECEIVED FOR FILING: ~E~~ CITY CLERK REAL ESTATE PURCHASE AND SALE AGREEMENT -5- REPSA2.AGT - Agreement Forms - 3/13/95 r THIS SPACE PROVIDED FOR RECORDER'S USE: First American Title Insurance Company Filed for Record at Request of Name RTJSP-ELL B MEYER.. JIl Address 904 OYSTER BAY AVENUE S City and State -.BREMEl?TO~. WI\. 98310 11851DN/2T104 Statutory Warranty Deed THE GHANTOR JAMES D. JOHNSON AND SALLY J. ,JOHNSON, HUSBAND AND WIFE for and in consideration of TEN DOLLARS ($10.00) AND OTHER VALUABLE CONSIDERATION in hand paid, conveys and warrants to RUSSELL B. MEYER, JR., A SINGLE MAN the following described real estate, situated in the County of KIT SAP , State of WashiIlgton: LOTS 1 AND 2, BLOCK 21, BREMERTON HEIGHTS, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 3 OF PLATS, PAGE 41, RECORDS OF KITSAP COUNTY, WASHINGTON; SITUATE IN KITSAP COUNTY, WASHINGTON. AMOUNI COUNTY BY ~ K ITSAt' COUNTY $7.00 eTe FILED-BY: CHARTER TITLE CORP MAR 30, t 993, 12: 29 PM KAREN FLYNN, AUDITOR CLERK: VENESKY A_F~#: 9303300~61 REEL 0708 FR ~573 SUBJECT TO: NONE NO. ~/:s-Y KlTSAP COUNTY fRANSACTION EXCISE TAX MARCH 23 COUNTY OF KT'T'!::AP }ss. STATE OF WASHINGTON J~MR~ n JnHN~nN p, A loT.Y.1 .1OHNSDN to me known to be the individual(s) described in and who executed the within and foregoing instrument, and acknowledged that THEY signed the same as 'T'flEIR- free and voluntary act and deed, for the uses and purposes therein mentioned. On this day of ,19 , before me, the undersigned, a Notary Public in and for the State of Washington, duly com- missioned and sworn, personally appeared and. to me known to be the President and Secretary, GIVEN under my hand and official seal this ? 4 'PH ~ day of MA R r.~ ' 19_--93. ~/ .>.~~;;?~.7~ .,.- .- Notary-Public in and for the State of Wasbington, residing at ~ ';7--- c.C2 - /" ./ // c" / ._ --;;rc:/l- 'Ger..-/I (/ I My Commission Expires: ) '7 I ~.. - ._/ __..../e: (...'- ......,:> respectively, oC the corporation that executed the foregoing instrument, and acknowledged the said instm- ment to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath. stated that authorized to execu te the said instrument and that the seal affixed is the corporate seal of said corporation. Witness my hand and official seal hereto affixed the day and year first above written. Notary Public in and for the State of Washington, residing at LPB-lO (6/84) ...:'..~-~.~""" .~-'"::~-~_._-