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3024387
Page: 1 of 2
~8na197 l~: 24A
Kitsap Co, ~A
Filed for Record at Request of:
When Recorded Return to:
Name Bremerton City Clerk
Address 239 Fourth street
Bremerton. Washington 98337
9th and Broadway - KC~P to City of Bremerton
Dooument Title: statutory Warranty Deed
Rererenoe Number or Document Assigned or Released:
Not Applicable
Grantor's Name: Kitsap Community Action Program
Grantee'. Name: City of Bremerton
Abbreviated Legal Desoription: LOTS 1, 2 & the E. 6FT. Of L3, B4,
PLAT OF DIETZ'S ADDN. TO BREMERTON (Additional legal on page 1 of
document)
Assessor's Property Tax paroel/Aooount Number: 3743-004-001-0000
STATUTORY WARRANTY DEED
(For Use in the State of Washington Only)
THE GRANTOR, KITSAP COMMUNITY ACTION PROGRAM, a Washington
non-profit corporation, for and in consideration as part of a
1031 I.R.C. Tax Free Exchange, 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:
LOTS 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT
OF DIETZ'S ADDITION TO BREMERTON, ~CCORDING TO THE PLAT
RECORDED IN VOLUME 2 OF PLATS, PAGE 51, RECORDS OF
KITSAP COUNTY, WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING
THE NORTH LINE AS DISCLOSED BY CITY ORDINANCE NO. 2356
~~'::'o';,~, ~~;' ,~,~~~ -1- ~~UN 20 1997
WHICH ATTACHES BY OPERATION OF LAW.
DATED this
z ~TN day of
/?? A1/-,
, ~997.
KIT SAP COMMUNITY ACTION PROGRAM
By4~~
LARRY EYER, Executive Director
STATE OF WASHINGTON)
: 55.
COUNTY OF KITSAP )
On this day personally appeared before me Larry Eyer,
Executive Director of KITSAP COMMUNITY ACTION PROGRAM, the non-
profit corporation described in and that executed the within and
foregoing instrument, and acknowledged said instrument to be the
free and voluntary act and deed of said non-profit corporation,
for the uses and purposes therein mentioned, and on oath stated
that he was authorized to execute said instrument on behalf of
said corporation.
GIVEN under my hand
MI9Y
and official seal this Z? T# day of
, 1997.
~~_.
Notary ublic in and for the State of
Washington, residing at 4"'''-'''''''-<'TP,v
My appointment expires: ,c,~" <;; /'91
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3024387
Page: 2 of 2
86128197 18 : 24A
Kitsap Co, ~A
STATUTORY WARRANTY DEED -2-
KCAP2.SWD - Real Estate Disk - 5/19/97
REAL ESTATE EXCHANGE AGREEMENT
KCAP/city of Bremerton property Exchange
THIS AGREEMENT is by and between KITSAP COMMUNITY ACTION PROGRAM,
a Washington Non-profit corporation, (hereinafter referred to as
"KCAP") and the CITY OF BREMERTON, a municipal corporation of the state
of Washington (hereinafter referred to as "Bremerton").
1. Desoriotion of Paroels: KCAP agrees to purchase and Bremerton
agrees to sell and convey, upon the terms and conditions contained
herein, that property located at 12th and Broadway, Bremerton,
Washington, more legally described as:
THAT PORTION OF LOTS 3 AND 4 OF TRACT 8, PLAT OF WARREN
SMITH'S ACRE TRACTS, AS RECORDED IN VOLUME 2 OF PLATS, PAGE
51, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED AS
FOLLOWS:
THE WEST 80 FEET OF THE SOUTH 160 FEET OF SAID LOT 3, LYING
NORTH OF 11TH STREET AND SOUTH OF 12TH STREET;
ALSO THE EAST 127.06 FEET OF THE SOUTH 125 FEET OF SAID LOT
4; EXCEPT 11TH STREET;
SUBJECT TO THE FOLLOWING EASEMENT: AN EASEMENT FOR INGRESS
AND EGRESS AND UTILITIES OVER THAT PORTION LYING NORTH OF THE
FOLLOWING DESCRIBED LINE; SAID LINE BEING AN ARC OF A CURVE
HAVING A RADIUS OF 32 FEET, WITH THE CENTER BEING 8 FEET
SOUTH OF THE CENTERLINE OF 12TH STREET ON THE SOUTHERLY
EXTENSION OF THE CENTERLINE OF BROADWAY AVE.
(hereinafter "Bremerton property").
Bremerton agrees to purchase and KCAP agrees to sell and convey, upon
the terms and conditions contained herein, that property located at 9th
and Broadway, Bremerton, Washington, more legally described as:
LOTS 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT OF
DIETZ'S ADDITION TO BREMERTON, ACCORDING TO THE PLAT RECORDED
IN VOLUME 2 OF PLATS, PAGE 51, RECORDS OF KITSAP COUNTY,
WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING THE
NORTH LINE AS DISCLOSED BY CITY ORDINANCE NO. 2356 WHICH
ATTACHES BY OPERATION OF LAW.
(hereinafter "KCAP Property").
The parties intend that this exchange of the Bremerton Property and
KCAP Property shall be treated as a like-kind exchange under the
provisions of Section 1031 of the Internal Revenue Code.
2. Definition: For purposes of this Agreement, the following
definitions shall apply:
a. with respect to the transfer of the Bremerton Property,
REAL ESTATE EXCHANGE AGREEMENT -1-
KCAP.EA - Real Estate Disk - 1131/96
Bremerton shall be "Transferor", ReAP shall be "Transferee," and the
Bremerton Property shall be "the Property."
b. With respect to the transfer of the KCAP Property, KCAP shall
be the "Transferor," Bremerton shall be "Transferee," and the KCAP
Property shall be "the Property."
3. Value of Parcels: Bremerton and KCAP agree that they have each
made their own personal inspection and appraisals of the properties to
be traded herein and that the KCAP Property has a value equal to the
Bremerton property.
4. continqenov or ADDroval or Title Enoumbranoe; within thirty
(30) days after Bremerton executes this Agreement, the Transferor in
each exchange described herein shall pay for the delivery to Transferee
of a preliminary commitment for an owner's standard coverage ALTA form
title insurance policy issued by Land Title company and covering the
Property. The preliminary commitment shall have attached thereto
photocopies of all documents shown as encumbrances or exceptions to
title to the property. within thirty (30) days of delivery of the
preliminary commitment, the Transferee in each exchange shall notify
the Transferor in writing if the Transferee objects to any of the
exceptions to title (the "Disapproved Exceptions"). All other
exceptions will be deemed approved exceptions (the "Permitted
Exceptions"). If the Transferee fails to provide such written notice
within the thirty (30) day period, then the Transferee will be deemed
to have approved all the listed encumbrances and -exception to title.
If, within thirty (30) days after receipt of such written notice the
Transferor has not removed or given reasonable written assurances to
the Transferee that the Disapproved Exceptions will be removed on or
before closing, then this Real Estate Agreement shall, at the
Transferee's option, become null and void and all rights of the parties
hereunder shall terminate. The Transferee may elect to waive some or
all of the Disapproved Exceptions which shall thereupon become
Permitted Exceptions, and the parties shall close on the remaining
terms.
5. Riaht to Enter Premises: Each Transferee and their authorized
agent, shall have the right, at reasonable times, to enter upon the
property and make any and all inspections, tests or surveys, and to
conduct and carry out said inspections, tests or surveys at its sole
expense and liability. Each Transferee shall repair any damage caused
by such inspections, tests or surveys.
6. Conveyance by statutory Warranty Deed: At closing, fee title to
the KCAP property and Bremerton Property shall be conveyed to the
respective Transferee by statutory Warranty Deed, subject only to those
defects and encumbrances approved.
7. Title Insurance: The Transferor in each exchange described
herein shall furnish the Transferee at Closing with a standard form
owner's ALTA form policy of title insurance issued by stewart Title
company of Kitsap County. The title policy shall be issued and dated as
of the Closing date, show title vested in the Transferee, and contain
no exceptions other than the normal printed exceptions and the
Permitted Exceptions.
REAL ESTATE EXCHANGE AGREEMENT -2-
lCAP.EA - Reol Estate Disk - lt31/96
8. possession: Subject to the limited right of entry pursuant to
Paragraph 5 above, each Transferee shall be entitled to possession of
the Property it purchases upon the closing of this transaction.
9. Esorow Closina Aaent: This transaction shall be closed by City
of Bremerton Legal Department, 239 Fourth street, Bremerton,
Washington.
10. Closina costs and Prorations: The Transferor shall pay for the
costs of clearing title to the Property, including any delinquent
property taxes, the owner's standard title insurance policy, any real
estate excise tax related to the property, and the cost of recording
the deed to the property.
11. Closina Date: This transaction shall be closed on or before
5:00 p.m. on the day of April, 1996.
12. Attornev's Pees: In the event that KCAP or Bremerton shall
engage an attorney or shall institute a lawsuit to enforce any rights
pursuant to this Agreement, the successful party shall be entitled to,
in addition to those costs and disbursements provided by statute, a
reasonable sum as attorney's fees, costs, and expenses incurred in any
appeal thereof.
13. Notioes: All notices sent to KCAP or Bremerton pursuant to this
Agreement shall be sent by certified mail, return receipt requested, to
the following addresses unless either party notifies the other in
writing of a change in address:
For KCAP:
Kitsap Community Action Program
c/o Larry Eyer, Executive Director
245 4th street, suite 509
Bremerton, WA. 98337
For Bremerton:
city Clerk
239 Fourth street
Bremerton, WA. 98337
14. Time or Essenoe: Time is of the essence of this Agreement.
15. Governina Law and Venue: This Agreement shall be governed by
and interpreted in accordance with Washington law. Any litigation
arising out of or in connection with this Agreement shall be conducted
in Kitsap County, washington.
16. Risk of Loss: The Transferor shall deliver the property and any
personal property thereon to the Transferee at closing in the same
condition existing as of the date hereof. Risk of loss or damage to
the Property and the personal property shall be borne by the Transferor
until the date of closing. Thereafter the Transferee shall bear the
risk of loss.
17. Assianment: Neither KCAP's nor Bremerton's rights under this
agreement may be assigned without prior written consent of the other
party. In the event of an assignment, this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their
respective successors, assigns, heirs, and legal representatives.
REAL BSTATE EXCHANGB AGREEMENT -3-
KCAP.EA - Reel Estate Disk - 1131/96
18. Headinas: The headings of the paragraphs of this Agreement are
inserted solely for the convenience of the parties and are not a part
of nor intended to govern, limit, or aide in the construction of any
term or provision hereof.
19. Entire Aareement: There are no verbal or other agreements which
modify or affect this Agreement and KCAP and Bremerton agree that this
Agreement constitutes the full and complete understanding between KCAP
and Bremerton.
20. Survival: KCAP and Bremerton agree that all representations,
warranties, and agreements made herein shall not merge in, but shall
survive, the closing of this transaction and the delivery of any deeds
hereunder.
21. Limitation on Bremerton's Time for AcceDtanoe: Bremerton shall
have only until 5:00 p.m. on the 30th day following the date of KCAP's
signature below to accept this Agreement by delivering a signed copy
thereof to KCAP. If Bremerton does not so deliver a signed copy within
said period, this Agreement shall lapse and all rights of the parties
hereunder shall terminate.
22. Remedies: If the conditions of this Agreement are not met and
either party fails or refuses to perform its obligations hereunder
then, in addition to all other remedies available by law, the
nondefaulting party may elect to have this Agreement specifically
enforced or may sue for damages.
23. No Brokers: The Transferor in each exchange described herein
represents and warrants to the transferee that Transferor has not
engaged a broker in connection with the negotiations leading to this
Agreement and the Transferor shall indemnify the Transferee against and
hold the Transferee harmless from any and all loss, damage, liability,
cost, or expense, including attorney fees, suffered or incurred by the
Transferee arising out of or relating to any claim for real estate
commission made by any real estate agent or broker engaged by the
Transferor as to the Property.
24. Transferor's ReDresentations and Warranties: The Transferor in
each exchange contemplated herein represents and warrants to the
Transferee as of the date of closing that:
a. The Transferor, and the person signing on behalf of the
Transferor, has full power and authority to execute this Agreement and
perform the Transferor's obligations hereunder and all necessary
partnership and corporate action has been taken to authorize this
transaction.
b. The Transferor has good and marketable title to the Property.
c. Neither the Property nor the sale of the Property violates any
applicable statute, ordinance, or regulation, nor any order of any
court or any governmental authority or agency, pertaining to the
Property or the use, occupancy, or condition thereof.
d. The Transferor is unaware of any material defect in the
Property.
REAL ESTATE EXCHANGE AGREEMENT -4-
KCAP.EA - Reol Est.te Disk - 1131/96
e. All persons and corporations supplying labor, materials, and
equipment to the Property have been paid and there are no claims of
liens.
f. There are no currently due and payable assessments for public
improvements against the Property and the Transferor is not aware of
any local improvement district or other taxing authority having
jurisdiction over the property in the process of formation.
g. The Property has legal access to all streets adjoining the
Property.
2'. Hazardous Materials: Indemnitv: The Transferor in each exchange
contemplated herein represents and warrants to the Transferee that the
Transferor has no knowledge, after due investigation, of
a. the presence of any hazardous substances (as defined below) on
the Property.
b. any spills, releases, discharges, or disposal of hazardous
substances that have occurred or are presently occurring on or onto the
property or any other property (as defined below).
c. in connection with the construction or operation and use of the
Property, any failure of the Transferor or its contractors,
subcontractors, agents, or employees to comply with all applicable
local, state, and federal environmental laws, regulations, ordinances,
and administrative judicial orders related to the generation,
recycling, reuse, sale, storage, handling, transport, and disposal of
any hazardous substances.
d. the Transferor has all environmental permits, licenses, and
other authorizations required for the lawful operation of any and all
of the Transferor's present activities on the Property and is in
compliance with all applicable federal, state, and local laws
pertaining thereto.
The Transferor shall indemnify and hold the Transferee harmless from
and against any and all claims, demands, damages, losses, liens,
liabilities, penalties, fines, lawsuits, and other proceedings, and
costs and expenses (including attorney fees and disbursements) which
accrue to or are incurred by the Transferee on or after conveyance of
the Property which arise directly or indirectly from or out of breach
of any of the foregoing warranties;
e. any activities on the Property during the Transferor's
ownership, possession, or control which directly or indirectly result
in the Property or any other property becoming contaminated with
hazardous substances;
f. the discovery of hazardous substances on the Property or other
property; and
g. the cleanup of hazardous substances from the Property or other
property.
As used herein, "hazardous substances" means
REAL ESTATE EXCHANGE AGREEMENT -5-
KCAP.EA . Reel Estate Disk - 1/31/96
i. asbestos in any form which is or could become friable;
ii. UREA formaldehyde foam insulation;
iii. any transformer or other equipment which contains dielectric
fluid containing levels of polychlorinated biphenyls in excess of fifty
(50) parts per million; or
iv. any other substance, waste, or material defined or designated
as hazardous, toxic, or dangerous by any federal, state, or local
statute, regulation, or ordinance present in effect including, but not
limited to the statutes listed below:
Federal Resource Conservation and Recovery Act of 1976, 42 U.S.C.
S6901, et seq.
Federal Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, 49 U.S.C. S1801, et seq.
Federal Clean Air Act, 42 U.S.C. SS 7401-7626.
Federal Water Pollution Control Act, Federal Clean Water Act of
1977, 33 U.S.C. S1251, et seq.
Federal Insecticide, Fungicide, and Rodenticide Act, Federal
Pesticide Act of 1978, 7 U.S.C. S13, et seq.
Federal Toxic Substances Control Act, 15 U.S.C. S2601, et seq.
Federal Safe Drinking Water Act, 42 U.S.C. 300(f), et seq.
Washington Water Pollution Control Act, Chapter 90.48 RCW.
Washington Clean Air Act, Chapter 70.94 RCW.
Washington Solid Waste Management Act, Chapter 70.95 RCW.
Washington Hazardous Waste Disposal Act, Chapter 70.105 RCW.
Washington Hazardous Waste Regulation Act, Chapter 70.105A
Washington Hazardous Waste Cleanup Act, Chapter 70.105B RCW.
Washington Nuclear Energy and Radiation Act, Chapter 98 RCW.
Washington Radioactive Waste storage and Transportation Act,
Chapter 70.99 RCW.
As used herein, "other property" means any property which becomes
contaminated with hazardous substances as a result of construction,
operations, or other activities on the Property prior to the closinq
date.
r II'; Cjc.
Date
KITSAP COMMUNITY ACTION PROGRAM
BY~~ C,V--
'0~'~
REAL ESTATE EXCHANGE AGREEMENT -6-
KCAP.EA - Real Estate Disk - 1131/96
4ll"L\C'i (..,
Date
BY:~ -J 1LL
LY HORTON, Mayor
--'~'.I
)'PPRyvF)6 /~ TO FORM:
~
~' R.\' SIEVERS, city
Attorney
RECEIVEO fOR fiLING:
REAL ESTATE EXCHANGE AGREEMENT -7-
KCAP.EA . Real Estate Disk' 1131/96
TITLE
OFFICE
o SIIvor'"
_1 lovin _ N,W,
Sult.l00
P.O. lox 2737
5HYerd... W. 18383
t380t 812-2233
FAX, 13801 "2-2244
ESCROW
OFFICES
o Port 0rcII8rd
2601 S.E. Mile Hal DriY.
Suite 101
P.O. Box 1481
Port Orch..-d. YfA 98386
(3601 818-0460
FAX: (3801 876-0674
o SUv......
1867 l.vfn PIlI. N,W.
Suit.110
P,O. Box 2737
S...nI.... WA 88383
13601 882_
FAX, 13601 ..2.8888
o Poulsbo
'040 HE HolltmMk St.
Suke 100
PoUIAo. Wit 118370
(3601118-1112
FAX 13601111-1004
~C{ 1~~~-tSV~rJCAP
LAND_~~ILEJ\:~OWh~
WCJ(YI ~CJlP
Auguat 19, 1U7
__TOIl crTY CLmllt
239 .oua'l'R STRU:T
_UlllUlTOIf, WA 98337
Enclosed please find your final policy of title insurance in
regards to the following transaction:
Seller Name:
Buyer Name:
Our File No.:
ItITSA. COlIIIItIIIITY ACTIOII
CITY OJ' BUlllUlTOII
.-103976-1
Property Address:
Please call us if you have any questions regarding this policy.
For your convenience please use our "800" number. (800) 950-4321.
Thank you for allowing Land Title Company to serve you.
We appreciate your business!
Sincerely,
~
Land T~tl. Company of K~t..p County
Br...rtan Title Office
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AMERICAN LAND TITLE ASSOCIATION
OWNER'S POLICY
(10-17-92)
48 0025 106 00005284
CHICAGO
TITLE
INSURANCE
COMPANY
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lit
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE
CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, CHICAGO TITLE
INSURANCE COMPANY, a Missouri corporation, herein called the Company, insures, as of Date of Policy shown
in Schedule A, against loss or damage, not exceeding the Amount ofInsurance stated in Schedule A, sustained or
incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vested other than as stated therein;
2, Any defect in or lien or encumbrance on the title;
3, Unmarketability of the title;
4, Lack of a right of access to and from the land,
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but
only to the extent provided in the Conditions and Stipulations,
.
.
.
.
In Witness Whereof, CHICAGO TITLE INSURANCE COMPANY has caused this policy to be signed and sealed as
of Date of Policy shown in Schedule A, the policy to become valid when countersigned by an authorized signatory,
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.
.
Issued by:
~
CHICAGO TITLE INSURANCE COMPANY
By:
LAND TITLE COMPANY
9657 Levin Road NW
Silverdale, WA 98383
9
By:
ALTA Owner's Policy (10-17-92)
LAJlI) TITLIl COIIU.Y 01' II:ITSAP COUNTY
ALTA OlftlIIR' S POLICY
STMlDARD
SCHmlULIII A
Offic. I'il. Mo.. E-103976-1
Policy Hullber.
48 0025
106 00005284
Dat. of Policy.
June 20, 1997
at 10:24 a.m.
Amount of In.urance.
$13,200.00
Pr_iUlIll
$250.00
1. .... of Iuur.d.
CITY OF BREMERTON, a municipal corporation
2. The ..tat. or int.r..t in the land which i. cov.r.d by thi. policy i..
A FEE
3. Titl. to the ..tat. or inter..t in the land i. v..t.d in.
THE NAMED INSURED
4. The land ref.rred to in thi. policy i. de.crib.d a. follow..
SU: LlllGAL DIlSCRIPTIOK ATTACJmD OK "IIDIBIT A" MID BY UPIIIRDl'CJ: IIA!lIll A PART III:RIIIOI'
SCHEDULE A
ALTA Owner's Policy 10-17-92
KXBXBXT 'A'
Office Pile .0.1 E-103976-1
nZSCRXrrXo..
LOT(S) 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT OF DIETZ'S ADDITION
TO BREMERTON, ACCORDING TO THE PLAT RECORDED IN VOLUME 2 OF PLATS, PAGE(S)
51, RECORDS OF KITSAP COUNTY, WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING THE NORTH LINE AS
DISCLOSED BY CITY ORDINANCE NO. 2356 WHICH ATTACHES BY OPERATION OF LAW.
SCHBDULB B
Offica Fila XO.I E-103976-1
Policy HOI 48 0025 106 00005284
UCBPTJ:OHS FROM COVBRAGB
This policy does not insure against loss or damage (and the Company will not pay costs,
attorneys' fees or expenses) which arise by reason of:
GmlBRAL aCBPTJ:OJIS I
A. Rights or claims disclosed only by possession, or claimed possession, of the.
premises
B. . Encroachments , and questions of location, boundary and area disclosed only by
inspection of the premises or by survey.
C. Easements, prescriptive rights, rights-of-way, streets, roads, alleys or
highways not disclosed by the public records.
D. Any lien, or right to a lien, for contributions to employee benefit funds, or
for state workers' compensation, or for services, labor, or material heretofore
or hereafter furnished, all as imposed by law, and not shown by the public records.
E. Taxes or special assessments which are not yet payable or which or not shown as
existing liens by the public records.
F. Any service, installation, connection, maintenance, tap, capacity or construction
charges for sewer, water, electricity natural gas or other utilities, or garbage
collection and disposal.
G. Reservations and exceptions in the United States Patents or in Acts authorizing
the issuance thereof; Indian tribal codes or regulations; Indian treaty or
aboriginal rights, including easements or equitable servitudes.
H. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including
easements or equitable servitudes.
I. Water rights, claims or title to water.
FOR SPBCJ:AL UCBPTJ:OHS, SBB ATTACHBD
Offica.Pila HO.' E-103976-l
Policy Ho.. 48 0025 106 00005284
ALTA STAJlDAJID ClIlIlmlS POLICY
SCRKDUL. B - cant'd
SPBCIAL U<2PTIOIIS.
1. A Survey recorded under Auditor's File No. 9309200006, disclosed an encroachment
of a building on the North line of said premises.
2. Possible rights of parties in possession of that portion of land lying Northerly
of building encroachment, as disclosed by Survey recorded under Auditor's File No.
9309200006.
3. A promissory note executed by Kitsap Community Action Program recorded under
Auditor's File No. 9403240236.
4.
Agreement, including
Recorded:
Recording No. :
For:
its terms, covenants and provisions;
March 24, 1994
9403240237
Low Income Housing Covenant Agreement
SC/jt
END SCHEDULE B
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OWNER'S POLICY ENDORSEMENTS: NONE
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LAND TITLE COMPANY----"
MAILING ADDRESS:
P.O. Box 313, Bremerton, Wa 98337-0067
Telephone:
Bainbridge Island:
Seattle Line:
Fax:
TO: CITY OF BREMERTON
239 4TH STREET
BREMERTON, WA 98337
Attention:
Your No.:
Our File No.:
Seller Name:
Buyer Name:
JACKIE
E-103976-1
KITSAP COMMUNITY ACTION
CITY OF BREMERTON
Copies to:
(360) 377-0133 or 1-800-950-4321
(206) 842-2632
(206) 442-9039
(360) 377-1428
Bremerton Escrow: (360) 377-3005
Silverdale Escrow: (360) 692-4033
Port Orchard Escrow: (360) 876-0450
LAND TITLE COMPANY OF KITSAP COUNTY
By: .~. ~~.fJ.~~. ~ . .
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COMMITMENT FOR TITLE INSURANCE
CHICAGO
TITLE
INSURANCE
COMPANY
CHICAGO TITLE INSURANCE COMPANY, a Missouri corporation, herein called the Company, for a valuable
consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor
of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the
land described or referred to in Schedula A, upon payment of the premiums and charges therefor; all subject to the
provisions of Schedules A and B and to the Exclusions from Coverage (appearing herein) and to the Conditions and
Stipolations hereof,
This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or
policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance
of this Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and
obligations hereunder shall cease and tenoinate six months after the effective date hereof or when the policy or policies
committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is
not the fault of the Company,
In Witness Whereof, CHICAGO TITLE INSURANCE COMPANY has caused this commitment to be signed and sealed
as of the date of policy shown in Schedule A, the policy to become valid when countersigned by an authorized
signatory ,
Issued by:
LAND TITLE COMPANY
OF KITSAP COUNTY, INC.
400 Warren Avenue
Bremerton, Washington 98337
(360) 377 - 0133
CHICAGO TiTLE INSURANCE COMPANY
By:
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By:
Authorized Signature
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ISSUED FROM THE OFFICE OF: LAND TITLE COMPANY OF KITSAP COUNTY
COMMITMENT FOR TITLE INSURANCE
SCHEDULE A
1. Effective Date: August 15, 1995
at 8:00 a.m. Office File No.: E-l03976-1
2. Policy or Policies to be issued:
Your Reference:
ALTA Owner's Policy 10-17-92 Rate: SHORT TERM
(X) Standard () Extended
Proposed Insured:
Amount: $
Premium: $
Tax: $
13,200.00
200.00
16.20
CITY OF BREMERTON
ALTA Loan Policy
( ) Standard ()
Proposed Insured:
10-17-92
Extended
Rate:
Amount:
Premium:
Tax:
$
$
$
Other Coverage:
( ) Standard () Extended
Proposed Insured:
Amount: $
Premium: $
Tax: $
OTHER FEE. $
Tax: $
MINIMUM CANCELLATION FEE INCLUDING TAXES: $54.05
NOTE: In the event there is no activity on this file within six (6) months from
the effective date, the cancellation fee may be billed.
3. The estate or interest in the land described to in the Commitment and covered herein
is:
A FEE
4. Title to the estate or interest in the land is vested in:
KITSAP COUNTY COMMUNITY ACTION PROGRAM, a Washington Non-Profit
Corporation
5. The land referred to in this Commitment is described as follows:
SEE LEGAL DESCRIPTION ATTACHED ON "EXHIBIT A" AND BY REFERENCE MADE A PART HEREOF.
EXHIBIT 'A'
Office File No.: E-103976-1
DESCRIPTION:
LOT(S) 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT GF DIETZ'S ADDITION TO BREMERTON,
ACCORDING TO THE PLAT RECORDED IN VOLUME 2 OF PLATS, PAGE(S) 51, RECORDS OF KITSAP COUNTY,
WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING THE NORTH LINE AS DISCLOSED BY CITY
ORDINANCE NO. 2356 WHICH ATTACHES BY OPERATION OF LAW.
SCHEDULE B
Office File No.: E-I03976-1
EXCEPTIONS FROM COVERAGE
This policy does not insure against loss or damage (and the Company will not pay costs,
attorneys' fees or expenses) which arise by reason of:
GENERAL EXCEPTIONS:
A. Rights or claims disclosed only by possession, or claimed possession, of the
premises.
B. Encroachments and questions of location, boundary and area disclosed only by
inspection of the premises or by survey.
C. Easements, prescriptive rights, rights-of-ways, streets, roads, alleys or
highways not disclosed by the public records.
D. Any lien, or right to a lien, for contributions to employee benefit funds, or
for state workers' compensation, or for services, labor, or material heretofore
or hereafter furnished. all as imposed by law, and not shown by the public records.
E. Taxes or special assessments which are not yet payable or which are not shown as
existing liens by the public records.
F. Any service, installation, connection, maintenance, cap, capacity or construction
charges for sewer, water, electricity, natural gas or other utilities, or garbage
collection and disposal.
G. Reservations and exceptions in United States Patents or in Acts authorizing the
issuance thereof.
H. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including
easements or equitable servitudes.
1. Water rights. claims, or title to water.
J. Defects, liens, encumbrances, adverse claims or other matters, if any, created,
first appearing in the public records, or attaching subsequent to the effective
date hereof but prior to the date of the proposed Insured acquires of record for
value the estate of interest or mortgage thereon covered by this Commitment.
FOR SPECIAL EXCEPTIONS, SEE ATTACHED
Office File No.. E-103976-1
SPECIAL EXCEPTIONS.
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B-1
1. A Survey recorded under Auditor's File No. 9309200006, disclosed an encroachment of
a building on the North line of said premises.
2. possible rights of parties in possession of that portion of land lying Northerly of
building encroachment, as disclosed by Survey recorded under Auditor's File No.
9309200006,
3. A promissory note executed by Kitsap Community Action Program recorded under
Auditor's File No. 9403240236.
4.
Agreement, including
Recorded:
Recording No. :
For:
5.
Deed of trust, to
advances or other
Dated:
Recorded:
Recording No. :
Grantor:
Trustee:
Beneficiary:
a.
The lien of said
document recorded
Recorded:
Recording No. :
6.
Deed of trust, to
advances or other
Dated:
Recorded:
Recording No. :
Grantor:
Trustee:
Beneficiary:
its terms# covenants and provisions;
March 24, 1994
9403240237
Low Income Housing Covenant Agreement
secure an indebtedness of $113,050.00 including any interest,
obligations secured thereby,
December 6, 1993
March 24, 1994
9403240235
Kitsap Community Action Program, a Washington Non-Profit
Corporation
Land Title Company of Kitsap County
State of Washington Department of Community Development
deed of trust or mortgage has been
under Recording No. 9412120027 by
December 12, 1994
9412120028
subordinated to the lien of the
agreement;
secure an indebtedness of $27,000.00, including any interest,
obligations secured thereby,
December 1, 1994
December 12, 1994
9412120027
KITSAP COMMUNITY ACTION PROGRAM, a Washington Non-Profit
Corporation
LAND TITLE COMPANY OF KITSAP COUNTY, a Washington
Corporation
U.S. HOME LOANS
7. Liens of real estate excise sales tax upon any sale of said premises, if unpaid.
Excise tax rate for Kitsap County is 1.78~.
SCHEDULE B-1 - Continued
File No.:E-103976-1
KW/bl
END SPECIAL EXCEPTIONS
The following matters will not be listed as Special Exceptions in Schedule B of the
forthcoming policy to issue, and there will be no coverage for loss by these matters
because they are excluded from coverage by the terms of the policy.
NOTE- 1.
Taxes, interest and penalties, if any, which may result from the loss of the
tax exemption for which this property has qualified.
Amount: $1,852.66
Tax Account No.: 3743-004-001-0007
Affects: said premises
Levy Code: 0010
COMMITMENT FOR TITLE INSURANCE
Office File No.: E-103976-1
SCHEDULE C
The following are the requirements to be complied with:
1. Instruments necessary to create the estate or interest or mortgage to be insured
must be properly executed, delivered, and duly filed for record.
2. The legal description submitted has been modified as set forth herein to comply
with the record. The description must be examined and approved by the parties
prior to closing.
3. According to our records, we find that Larry Eyers is/are authorized to execute
the forthcoming documents on behalf of Kitsap Community Action Program. Any
amendments or additions to said corporation/partnership affecting the above
signatories must be provided to this office prior issuance of our policy.
END SCHEDULE C REQUIREMENTS
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W13"l ~ R:tum to:
,'jj" _w~ State l>pt of Chlm.niLy ON
IOE ,,,,,,s'lltrt Ilu1rellhip ~
906 (blurb fa street 94, P. O. Etx 4Bm
OI\llPia, W\ 96S04-83OO
Attn: l:t1J} H.nter
PROMISSORY NOTE
$113,050
~-96~1l
"
Bnmerton, WashiaatoD
DatcOecember Ii 1993
FOR V ^LUIi RECEIVED, lObllp CoamnlDit, Action Procram (-DorTower'), a WashiRlton DOnprofil
corporation. promisa 10 par in lawful DiODe)' of the Uniled Slales of America. 10 the order of Slale of
Wahinelon Department 01 CommuNtJ Duelopncnt (-Lender") at "' CoIUIIIlbia Street Southwesl, Po.st
Offiee Dox 4&300. OJpnpia, Washinllon "504-&300, 01' lach olber place as the bolder or lhis Nole may
dc:da:nale in writinc from Ume 10 lime, die prindpal ... or One BUDdnd Thirleea ~ r.rlJ Dollan
Dollars ($$113,050). or 10 much thereof as may be .d.,..nced bettun.der.
This Note is ,ubject 10 the tenns and conditions of the nOME Innsbnenl Parlnenhip Proaram (lIOME).
Contract Number 5-n-41'-5A (.Contrad-) executed between the BorTOWtr and Ibe Lender. Disbul'SClltllt
of the funds nidenced b1 this Note bi Co be made subject to the terms and. conditions of the Contnet.
Dorrower ..rea that a schedule of the dales and amounts or .dunces and repaJDIents on this Note certified
hy an officer or Lender shall be conchdin nldenc:e for all purposes or such'dales and amounts. All amounL'i
payable hereunder .hall be paid without anJ set-off or deduction oC anJ nature.
The tenns of 11m note are annual payments of Two Thousand Two nundred Sixt)'-One Dollan: (52,261)
beainnin. on December 31, 1994 and continuinc Cor Forl1.Ninr (49) additional con.secul.iYe Jean. The
pa,nlmts will retire the principal swn of One lIundred Thirteen Thousand Firt)' Dollars (5113,050) bearing
uro (0) interest eor Fitt)' (SO) )'l!:I~. _-
In CA.'ie Dorro\o,..er deCaull3i in pill'"ent of IIlis Note, Lender acrees to pR)' aU of Lender', CIl,.~15 of colh-clinll,
indudin. but not limited 10, reasonable aUorney's eea incurred by Seller or the Ilolder of this Note "hethcr
or not suit is instiluted. H any leaal proceedinas are imtituted relatinl 10 this Note, including "ilbout
limitation any arbitntion. ballkruph:i, trial. or appellate proceedings, Kibap CommuaiCy Adioo PnJcram
,baJl par Lender's costs. includina reasonable anomey's fea In aU such proctedinas. .
Don-oWCl" hereby waives presenbnenland demand Cor pllyrnent. nolice of dbihonor. protest. notice oC prolo;l,
and any other nolice not specincally required bylbe Contract.
This Nole is secured by a Deed of Trust COyer:inl properly situated in IObap Counly. Washi"llOn, and ,hllll
be comtrued. enfOrted and otherwise lonmed bylbe laws or the SlIIle of \VuhincCon.
, . .. . i' ~ KlTSAP COUNTY
Time IS or the essence or all of lhe proTLSlOM of lhis Note. ;: ~ f. 00 LTC
" FIL BY: LAI() TITLE COMPANY
IG....eomm....,.A......1'rollillID24. 1994, J:19 PIl
~' KAREN FLYNN, AUDITOR
[.. CLERK: FREE/1AN '
B7: . ......., A. F. #: ~403240236
PrinIN~.: L...,., f'l'~ REEL 0792 I"'R 18b1
Tide: fhc,", t.Y'( b\.....,~v
NOycnlber 2J. J"3
1
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REC~,; I
_.J
'11M Wuhiqloa Stale Department
or Community Develormeal
HOMfi l,Qyeltmeal Parmersbip Pro,rsm
906 Columbia SIroot SW
P.O. Bol; .'300
Olympia. Wuhia,toa 91504-8300
I'
i'.'
DEe 14 1993
HOu"",.. v"iSION
S8. DlflTSAP COUNTY LTC
FILED-BY: LAND TITLE COMPANY
lIAR 2~1 199~, 3:23 PI1
KAREN FLYNN, AUDITOR
CLERK: FREEMAN
When Rccurded Rdurn To:
~,L'-l
AtlcDlioa: Dou. Hunter
,.
E-9ln'3>lt
LOW INCOME HOUSING COVENANI' AGREEMENT
Thia Low IDCOmo Hous~, C~venanl ^.rcemeal (.COVal....1 A,reemeat.) ia made by JQtsap Coaurumil, Action
l"ralnua, ("Recipient") and is part of .be tOnsidentioa Cor the nnandal assistance pro,icled by Ihe
Dtpa("tmml of Communit, Denlopmcnt, a department or the State of Washina:ton ("Department"). 10 Kitsap
CoonnunilJ' Adioa Procram punuant to a nOME brrestment Partnership Proal'2m (HOME) Alrcement.
Contrad Nwnbcr S.J2,..4I~SA ("Conlnd"). Cor the New CoDStruction of real properly ("Property") ICllnJ
described as Collows:
l..ob 1. 1, 3 and 4, Block 4. Dlcb:'s addition 10 Branerton as per plat recorded In Volume 1. or Pial'.
Pqe 57. records oC Kitsap CountJ. WL,hlnctonj TOJether wilh .hat portion or Taeated aUeladjoinr
tbe North line u disclosed by CUy Ordinance No, ~,.
1'his Connant A,reanent will be filed and recorded In the omdal public land rtto("ds oC JUlsap County.
\Vashinalon and shall C:ONulute a restriction upon the use or lhe property desaibed hc:rein, suhjKt to and
in ac:cordance with the tums oC this Connan' A,rcencn., Cor Fifly (SO) lears following 'he dale of initial
residentJal occupancy of the Propc:rty.
The connanls contained herein arc to be taken and construed as CO'fCnants nuuUllI with the land and shall
p:w to and be bindinc upon the Recipient. his succe:ssors and Lqi,RS heirs. Inn(ctS, or lessees or (he
Propertl, bea:iruUDI on the date or initial residential octupanq after the New CoDSlrudion or the Property
contemplaled bJ lhe Contnd. Each and e'fel'J conlrad, derd or olber insl.rummt cOfmnl or coaTeyine the
Proputr. or an1 poI1ion dlUeof, shall be condusifel, bdd 10 ban been ececuled, delivered and ac~pled
subJect to such cOfenanls, rqardJess or whdher such connanb are set Corth In such conlrad. deed. or ocher
inslr'Unlents.
NOW. TlmREFORE. it is hereby connan led, Cor the Fill, (SO) 1eats followinllhe elate or initial residential
OCCUpaRCl 01 the project after the New Construction of the Properly contemplated bJ the Contract. a!i
follows:
1. The residential unib in the Property will be rented to tenants with .("ass annual household
incomes at the time of initial occupancy no hither than 1'birtJ percent (30'S) ol.he median income i. Kibap
Counl,. WlShinglOn. adjusled Cor Camil, size. IS estimated Crom Ume 10 lime b, lilt Uniled 5101..
DepDrtment or Irousinl and Urban De..elopmenl ("nun.,. _U JlUD ceasis 10 proYide such esdmalcs or
median income, then median income shall mean such companhle "lure Cor JDtsap Coun'J, WasNnglon
published or reported bl a federal. slale. or local aaenc::1' as the Deparlrnmt shall selecl.
,.
2. The Redpient will proTide safe and sanitary housina. and will compl, with all State and local
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ho.ina: COdCl, Iktnsina requirm'tllts, and other nquinmads naardina Ihe condition or the structure anti
(he optnlion or the project in the jurisdiction in which the bousinc is located.
3. Th. Recipient ",ill keep an)' records ud make adY reports nJatina to compliana: ',ilh this
CO't'aumt th.t lbe Dcpartmml may n:uonablJ require.
4. DEFAULT: U. ,Iollltion of n)' or the rORloina: COYCDUlt DCCUn, the Departm nl mlY,
.n... lhiny dl's notice to the Rtdplcni, Institute and prosecute &111 proc:eedil1l at law or eqwt)' 'Il abale,
preyen., or enjoin an)' .uch ,.lol,tion or to compel specir1c performance by the Recipient or Its obH,atinflS
hereunderi pro,lded that. lhc Recipient ,ball not be required by an)' pro'f'isloa herein to et'ict . raJdenliaJ
ItIWIt. No dela, in entordna: the proyisions hereof as to &117 brach or "ioI.tion ,hall impair, Ilama.c, or
wai..e the "aht or an,. party enliUed to enCon:e lhe pI'O't'isions hereof or to oblain relief_,ainst or neonr for
the continuation or repetilion or such breach or ..iolations or any similar breach or ..iolalion hereof at Dn}
later time.
IN WITNESS JlEREOF, Bilsap Communit, Adioa PnJcnna has executed this Connant Alrurnent on lhe
('0 day or 0_" . 1993.
wrmESS:
Kibap Comnnmitl Adioa Procram
..,.--~
ny: '. '-, <-1'~
---;a .p '9 Adioa ~
A.F.#: 9403240237
REEL 0792 FR 1863
D~
.-
STATE OF W ASIIINGTON )
)SI,
COUNTY OF Kitsap
On this cia, personally .ppared before me, t.i~i" #,;,.;t . known to be Ihe ~~n:wn"'''N~((:;r:.c
o( lOL.p COIIUlII.ut, Ac:tioa Procrua, the corporation that executed themthin inslrument and ac.knowletfatd
the ..id instrumenl 10 be &he (I"ft; ~d yoluntaq ad and deed or said corporation ror the usa and Purp05e5
therein mentioned and on oath stated that he was authorized to uecute the same.
G~Wl~~,~1handandomdaJsealthis ~dld.a,or aa L
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I:' 1I0.00K1T&lP CIXRjTY LTC
, "FIUD-SY: lAIIl TITlE COItPAIIY
", 1fI\R lit 1994,' J:131'1l
, . KAREN flYNN, AlllITOR
i '., CLEIlI<: FRE~.. .
, ,. . ~'''-~B
'A.,,:;,#:, R,9'r.03:.<4 2.35,
, ".- "- DEG 14 199J :..;
110lj~ING Olvl~l~i'l
\'o'ltm.R<<'8I'1If:d Rd\Jm To:
n.e \l'..hi~S"'e ~"-,l
.r Connn,,",,-, Dndopmfttt
110". 1n_1nMII'l1 ..........hip ........rarn
"' Columbia SIrftt Southwal
rest 0I1ke Do. 4&J1D
011"''''' W.-shlneto.. "S04-&.1OC1
Alltmion: Dout nunler
REEL
Deed or ;rrust
0792. FR
1857
e9"'~11
TmSIl)EED OF TRUST it m.de UaW.f!!!..., el OrecePtler_ tff], 1Id'9'.. JGC.., Coa.nu.ilJ
AdhJ......... . WMIII..... ....profit corpondon..... mailina ...... il1201 Park A-.
., , "~ml' as CnlrtIor (*Granlor-); I.a.l11de c...p..,. ....... mUlitla Iddrat Is
.. IV.....- A.... 'r _ W........ ft3Jt lit TnastM ("Trvsleei; .... lite WUW..1OII Stale
. . ", .,C........,D~.d...............JkMf"~C.8eItdid...,i.w_addnsI:b'"CoI_bl.
SCnd, S.W., r.o. Bu. 41300, OIJWIIIl8. W.....1on H5M-1300.
t..GaDI.. C.......1or bertb, .......1... MIls Ind Clm'tJ. to Trudte In Tnasl tor tbe ~t ol
BoMIiciarJ. "lritJI..... or........ rtaI proPtd, _led In Kitup COllat,. WuIIlnalon desaibedlas:
........2,3...... JIItd:... b;da'......... ",,' .,,~ ....... ""1'-" III Vel_I.r
)'bll, r.,e ST. ....... .. JGt.p c...,. ,,~ TOCdW.....,......" l'IlQltd
..,..... H.-tiIIne........, Clll ~_ No. 2J5f.
1lCnnIi... I. lhe pl.IIhercoI', 1'K000thd In JQlSllp Co.o1l W.-shin.'on, (Ihe .Propert,.) IDJrthw "jlb.n
I~b, INhIJracs. rettni_, ....Indus, Irrl..II011.nII w.ler. ri.hb .nd stock, oil ...d ..., riahb,
nplUet, mIntnb .... minmal riJblI, hendllunenIJ .nd 'Ppur1ftWM:1IS btlCInI;nc or I.. Inl _,
PfiUinl... I. lhe ~1, a1t4 die r.1s Issua an. prolits Ihtnof'. Sai. J'nptrl, b noIlINd pri"opallr.
.r.1 III", Cor .,lIicuIhInI or (anrd.. parpcllMS.
, n...,....!w,...~....... This Red b Ihen for Ihe PIlfJIOSI! or KaUinc p1IJ'1hO:lI or a loan (lilt
-Loan; In lilt arillnaJ UIlCNrIt 01 One U~ Tbirtftrl Tho..... r.n, Vonan ($113.050) pa,able by
the C...nlor 10 Jhe ~ ~ ,,,JIOME htretbltm( hrintrrfUp l\vrnm (lImfE) C.ntratl
Narnbrr 5-J2..41'-5A heh.een Granl.r.ad BowrKi.I'J. IS now or hatafler llmtrnkd, SfCUIi..
pttf'orm.nce or..ch t... ..... <OndiUon.C ..Id 1I0ME C.nlnd.
J. RQtntd
','eIS:
...n-..,.......;".. ...,r C'......"..:,~ To prolKl1he S<<lIril,oC this Deed oC Tn:ast, Gr1Ilnlor cOTenanb Ind
4.t. To ka:p die Praperl,ln lood cOhdidon IIInd rtploir; 10 ptmlil no _Ie tbntoC; t. COtnpldt
.n,lnaiIdi.., ltnIdun ... J.n,...TtmenI ther~ ",hlda m., be danUlCtd or dtsve,edj and to compl, 10;1"
aJllaws, ...._. c:omIIlJoqs 11IM! ,".,-. affecti..lhe proptl'1,.
".2. T. pi' W.rt ddinquMI all IawfulwllS and l5S_enb upon the Propc-rtJj 10 keep Ihe
__.n_ ..;".
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rropt'r1J rra ImI dUlr or.U .111", m.....e, 11C'ftS, ... mcumbt.- MaP.u,;,. Ibe 1<<11011 oI'llols DCItd .r
T~L
4.3. To .1fqI,n ....,."&' _ or IotrtaIkr lilt Ih.I'nIpB1J ~~,IfonmI"';ft""".,
nre.r 01"", ha...,. I. In ''''ouhl nol 1_ lhl" Ih, "'I<<III~I ad or the I'rflptrll. The __"
coUedtd wtdct- Ira, Inwn_ ......c, mOl' be 'pplltllllpOll ...., hHIdtI___..-., ~ I",... ertIcr
lIS Ih, Dmdld,..,. dual! dtlmnlne. Suda .ppllnaUon b,lhe BrntI".d,.,. .Mn 1'101 Cl1IM dlsctmllrnmtce Dr
1ft1 prlICftd"'-:l I, r...tdoM llllt tmd 01 Trusl. In tho fl'.... ... CtwtdllilUft, ..d .ubJtct tel ..... rlahls 01
I'" Dblertclllr7 ... bmtItdarltS of In1 HnIer dftd or Inal. IIlI dlltb ., Grantor hi Intunnu poIkhr ...
11'1 roru ,han JlIW 10 the purthDftr Ill," CondoIur._1e.
4.... To dtf"md In, lei"", or pr~i"l purporti... 10 IlII'cct the RCUriI, hrrtoI or th. rllbl, Ir
po_n .r DePdid...,. IDI'Trustte, ....d 10 pilI IlII cestr and tJr(lGllel, lndudina: cost or Ilthl"rch Ind
'1I1h'11t1" Cnsl. . rtlgOnOhll! amounI. In .n1 nch pt"IlC'I!I!lIII and III an, suilllreuJhI b,lIeMnda.,. 10
rored_ Ullt Deed or Trust.
".5. T. pa, an alIb, CI:'tS Iftll t:lIIJltftH:I in ronnec:Uon w:llh IhQ [kH 01' Trull. indu.... Ihe
<<palStI 01 1M Trutleolnctrrn4 in entordnr the obJia;alktn ReanII herdrr an. Trustle" aM ,IIomt,',
eelS IdUlu,lncurred, II ....-rided ."talvIe. .
...,. Should Granlor Co.IIlo pill ",hen dllt anJ lues, -..ssmtftlJ, Il\ftlI'antl p"",lwnt, 11_.
tncuonbnRC21 or of_ chHJll'I .....llhe I'nJpftt,. ~....,,., 1M aune, 11IM! tbt 1IYItOMI..
paid.haJJ be alkW .. amI.btC'IIme _ pArt.r dJe.W JI!CUnIlf ., da&.Dftd eI Ttwf.
5. r.._l r""'-\."~'1L T~ pvfh:f berm ..,,,,:
S.t. In lhe .,.1 an, pertl..... oflhe J'roptt1, b tJktn... '-".'" an enlntrol .",,-an
pt"Of:tftfJ",. lad M}<<I fo'~ ria'htt or'M 1trtrdJd.,., or ~ or.,., wm.r fled or tnm, 1M
~Iln amDunl ., lbe ._1'1 or 'uch pori.... M ....7 1M nKCMII"J .. '.11, ..lid', this ohIi.,IJoOl JfCWM
hereb7. ,ball lie ,.ill. BentC'lCi''-' 10 be I"Ued" Aid .bll..d....
5.1. 0, .arplln. pl}lnml or IIn, turn RCUlrd hertb, .nrr Its 'ue dal', ~dal'J docs not
wain It! rlchl 10 nqutre p"o""pl p.""C'OI ."tn due oC .1101'-' Nnt 10 teCUrtd or 10 ftdu. dee.a11 Cor
t.UttR 10.. ,.,.
S.J. The Tru:slte ,11I11 rKOII,e, ,11... .", pII101'a.e J'reperl, eo.II't'lI., IhbDclfd IIfT..,..II.
lhe penon tnlldrd thrrdo '" "Tillrn ftqursI o( lhe Grmlor ond lhe DeMrd..." or upon ..Iist'ac_ of
lhe obIl..lktm secured Ind wriUm <<qursl Cor nC1In.t7111K.1! ....de h, dte: BcnttlCiary or 11M pa'Hft
mliUrd thud..
I
5.... r.wrr .r Side. l'urslumllo o.plrr 'I.U.C (he RtlbecI Codrs or Washl..tlft and upon
dd.ull., era.lllr"uhovl timrI, wee 11M aOb' .nUm noIiu of 'hlrlT PI) &tIt In (he ,.Jl'IIftIt or.'"
I ;'., '.1' ~. lKured ha-tb, If.. (he peronnanre 01 anll1f"11MJ11 teflllllIf'CI hem"" III JlfttIKund
hercb, ,haIllmn'll:dialtl, t.rc-e lIIue..II4I p"lIblt. IrI nch fl'tnt and upcm Milltft nolia 0I8eMlin.I'J,
lhe ,....,.n, wll be..w, _Ject 10 lhe r1.hb "1M '-'kh..,. or I.enel'ICIariet: .r ."1......1en1 or
lrust, ht ~dutc ';1. the hi el Trull Ad of 1M Slate'" W..h1..IIIIl. It pubIk ...IM 10 the
hi.hel llid.... An, person ml, bid .1 lhe Tnasl.~" SIllt. SubJ<<t 10 the ';Jhlll or the t.rmrtdlU'J or
bentrlClarlrs or ...., RftIor IkftI o( lnasl. 1M pncftlb JJ1ttJo...... lot.",Hed.. t........,~ m to'M
f:lpeRSl: oIlhe sah, includill' a ml5lJIIllb't TllISlec'. (Ie Ind .UDfM1', Cre; (2) 10 Ihr nhllJ.llon M'CUrtd
hllhiJ Deed or Trusl; (]) 1M 1UrpllL'l, If .n,. aMll be dlstri...... 19 the pD'Mll ... pnsonll IftI1ded
Jhcr"o. ,-'"
5.5. A Trustee .taall ddinr 10 Ihe purdtl5l!' II o..;..le ib detd, ,..;1iN)u1 ~nlr' ....hlth shAll
"
A.F.D: 9403240235
REEL 0792 FR 1858
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WtIEH f!:ECOROeO RETURN TO
NAME __..Y.J_~_~~!9.LX&g,i.n::;.___M''''..._M_'___M
ADDRESS ~Q~M.!.~sJ!.!s:.-J!~.:_.f;.:..I._~.y.t~.~_l__
CITY, STATE. liP !!!:.,'_,~_~!~~________,__
KlTSAP COUNTY
$7.00 LTC
FILED-BY: LAND TITLE CO
OEC 12. 1994. 10:59 AH
KAREII FL'INN. AUDITOR
CLEPJ(: MILLER
A.F.#: 9412120028
Loan 071S001046
E: IOC'J.,,2.<;
~E:Ei:.. -- 0840 - FR
Subordination Agreement
1468 -
NOTICE: nns SUBORDINATION AGR.E:EMENT RESULTS IN YOUR SECURITY INTEREST IN THE
PROPERTY BECOMING SUBJECl' TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER
OR LATER SECURITY INSTRUMENT.
liJlI-
'I>o___........................_......ur.u-" Cemnunltv Tr'""p ~~1 ,,~; . ........ ,~ t
1. w...u..,-SI6lilll9"""'#f-r' 'J,R 1,_J"iJ"~ldtfcnlll..-~uMl'ot"';"ii1fic~canoJ'1iOCJiorW-.2'-I.iWIod .l2.Lfi_ 1,94
__-...bichi.reconWbtvotu___ _ofMDl1PCQ"p""_ ....auditor..ClIcHe. 9403240235 rccortl:&
...x...,c....."..... ~ 941212~~7
2. U.r.B...u~W~";",'-.N.A.,.(lITCdlohcn"u-kndcr....;.1hco_r:Jholdcrol..~P&..lld__~ . I 1''i..~_.CJUI~tcdby
rJO.,c~Acr;..,."..,,._\oiUchhilo1wr-.w~t)'MnwiIh. \"'~t, ~rt" -7t'E..
3. Kiln, C_MNtyAaiItr hll~'1MI, II W'>>';"'/PIf -..-,.,.I" CNlu".fU..... "rarc'lllD herein &II ..~. .. Ihc _ of.U !hi rat property de.c:ribcd in the
'-'PII idenWNd .1:.0.,.. iA I'v.~ 1-
4. IA ~ ofbclMtilS 10 -auliorliinalor"'furn "'0__"'. rccc;pt. W ICllf'Kiatcyolwhkh u hcrch1adcnowlftlp4, and IIll ~ -lcnoMr" IIll a4-...1WwJa ulWSoer iIa
IftOO'\pIP ar>d ..u &lP'ccmml.I in _i_ dMnwilh" u... -aubolnlift&lOf.. doc:s heccb)' uncondili_lly ...bordm.lIlh1lim othia Il'llltIs.p idcnIifloCCl iA Pan~h 1
abo....IO \lie: rim ol'-renda-....InGI1Pfr. idmUli~ i4l'&nIv.oph 2 ..bow, wIJI.ad-.u" dwJ:a mad. Of accrvinJ: 1bc:re\lnckr. iA.:tudinJ, any III.:la\Mon o'It rnww.l
""""'
5. -SubonMalW- acIr.no\o.lwca tJuJ. prilli' IIllIM u:~ hcRof, 1tc lw Mdu... oppo.wnil:r~ c.arniM~lunuiH~'I"m<ltS".Ite, DO(lw."e_"brn,t
tbcr'lto,~ '" and &Pf"'I- &ami" and recopUzc.lhat "1cndd"hu l'IO obUpliOAIo-au~1o a.dv~ any fl,tncll UrMMr its mottpl'I or _10 1110=
appIicWoo.f1L~'."~&aP IloDll., &lid urylflpltcal:iGaorw.e orNdt^'rt.kf<<p<U'POIcI"~I1wr"-pn>wdNfw;,,~mortp... "'*" .".a.....u.wU
JlDI dcIc.&t lbI....bon!iIIationMeinmadov. \d>>llorinpu1.
6, 11 i& ~by~ pania.....1Iu.i '"fmdc:r"'woWd 1lOImak.. the ~JeO:Undby.theftllM1PfC ill Panrr.P& 2 wt'Lhoutlhia .t,7ftnlml.
7. TIW ..am&IlI WlI" Ihc 'i"bo" MCt only .crccnwnl. bct_1'll1tw putla 1Mr1~~ "p41O lMaubonJ~iOft oflh& lim Of dwCI oCllM .-tea.. (_ aboVI'
~ 10 1lM IiaI or d\.u,. olIN 1nOf\&I... iA r._ of.,...- abo... td'oTld 10 and.....h...pcrwda and C&nCIfI M)' priot .cr~ AI 10 &UIih, Of' ""'y.
IUbotdU..&i_ ind..ov.lIo but noc iicnit-llo, "'-JoN..... iCN'Y.llulILr.in-! in Ll,,- .-.tp,c rlRl ~.II'~i...ICd,...~ FDvidr: t.:.r :''''A1I:<<~!;.;a~r1lw U:tllll'
dw1,11!lIrIot1oe. -tpC& or -'P&a '" be th&1ul'.... CI;-.tacL
l. ". '-in. a.:bWsua~ a.saipw Md ___ in in... ofLhot ......bordwtar- &ball 1M bound by \hi_.J;I"C'tlnCIIL \lr'bcrCIbl"'Ofd ..mottPC....ppcn ba:cill it wll
1M oo.u>cscnot ...-deed oflNA". wod CItl'lCler and""mb<<.(prorlO\mIDOnIidcnd 10 conl'onn to vlldlnipd.
LPaiWeN.
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NOTICE: TInS SUBORDINATION AGREEMENT CONTAINS A PROVISION WI!lCH ALLOWS TIiE PERSON OBLIGATED
ON YOUR REAL PROPERTY SECURITY TO OBT AJN A LOAN A PORTION OF WHICH MAYBE EXPENDED FOR OTIlER
PURPOSES THAN IMPROVEMENf OF TIiE LAND. IT IS RECOMMENDED TIlAT PRlOR TO TIiE EXECUTION OF THIS
SUBORDINATION AGREEMENT, TIlE PARTIES CONSULT WITH TIlEU< ATTORNEYS WlTll RESPECT THERETO,
~~ ~;.~9.ltu~
'>"<<>~""~";~\ON ~" 'to
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f. 1-0lARI''t.\
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STATEOFWASHlNGTON J /~...........,\~~
COlJNTYep;j)H~~ "'"" j OFW~Sy;"
On ~02j.'J!!:;~C;;?f.~, 19 .7..;r....... before me, the unde gncd,o 0(01): Pu~Of
Washington. duly comlOlssloned - and $WOrn. person.:Uly appe:tred.... . ....... ..~..., ......and
;;;;;:;;;;;;;.. .r~.. "::(!.'~1..~::~ \~,arth.. ....~Icd .;,~ '(~regoini~"'J
_lodged the s:ud inyZ;;en< to be the ((<5 and volun",,>, acl oiul soid~ ;or the uses and po_os therein
mcnLionc:d. and on oath SLaled !.hat ...............~......._..............:........... is authorized to e: Ie the said insllUmcnt.
WASHj~ STATE D~~AR~OF COMMUNlTY DEVELOPMENT
.......:..m...~~..~I,J:L:::.:5?::..............,...............,..........,.............
...~.?i!~~,~..!i,:..,!!E!.1!&;.,...!P.;W;.,I!.m!~.1-.~j;.,wj<lCj;.,.Mana9e:c......
Authorized Signa lure
vrx my hand and tCial seal hereto aO't'Ccd the d:J.y and year first above: written.
~~.Pt.'~~~............. ,
O.J' . /? L,.-;""..,) tLl.lf
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" .
EXH:IBJ:T 'A'
Office File No.: E-100624-2
DESOIIP'1':Ia<:
tats 1, 2, 3 an:1 4, BJ.cdt 4, Plat of Dietz's JAditicn 'to &O;;l..Il:;:.d......, as per plat jn Velure
2 of Plats, Pail" 57, ;rec=ds Of Ki~ 0:un1::y, Washi.ngttn, =re part:it::ular1y clesc:d.bed as
fol1G/S:
~t portiGn of Bl.od< 4 in the Plat of Diet>:'s Mditicn to the Tc>.n of Brarer1x:n, per plat
in VolU1'e 2, Pail" 57, r=ds of I<1tsep o:.Jrrt:y, Weshirgtcn, =re part:lo.1lal:y clesc:d.bed as
fCJl.l.c>ls: '
~ at the 5o.JtIleast comer of sa.ld Bla:k 4, ..nich is the intersect:icn Of the west
morgin of ~ Street with the N::Jrt:h w&gin of Eighth Street:; t:hen::e west al.alg the
Sa1th JJne Of said Bl.od< 4, a cllstan::e of .uJ. feet to the 5o.rtl1west = of Lot 4 of
said Blcx:l<; then:e N::Jrt:h alcrq the west line of said Lot 4 and 1 t:s N:xther1y extens1cn" a '
d1st:arx:e of 107 feet to a p;>int en the c:enterl.ine of vecated alley; then:e East al.alg said
oenterJJne of alley, .. dJ.st:on::e of .uJ. feet "to the West morgin of E::oedway Street; t:hen::e
Sa1th 8l=g last sa.ld morgin of street, a cllstan::e of 107 feet to the Point of 1leginn!:1g.
A_F_#: 9412120027
REEL ~~R <464
-'
l:'~~SAVJNGS
BANK
"
Lou No. 0715001046
AFTER RECOROING, MAIL TO,
u. S. ID'lE l.OI\NS
220 lNl'IY =
!lEL1.nGWI. WA 98225
C I ()bl,:l.Y
(Span At.ov. Thi:lllIn. FOf RKordlng Oata)
DEED OF TRUST
THIS oeEO OF TRUST ("Security Instrument") Is made on .~..~~,.............,. ......... ..................
~;~~:~~:~~;.~~~~.~.:::~~::~:~:::::=:.::~:~:::::~~~~:~:::~:::~::::::::::::::::::::::
:::::::::::::::::::::::::::::::::::::::::::::::::::::::f8'0<<;;';~:'~iMie;;~':~::";~:~::~~:9f::~~::
.~,..". ~~"~tAg)........,..".,."....,..,..,.,..,..."",....."("T",,,..,, Th'b8nel!oielyls
. P',~:. .~..~ ....... ....... ....... '"... ...... ..., ... ................. _..._..........., whictl is otganb:ed and existing
undtrtn.1aws 01 ..~..~~~e. .~..~......... andwhos8 address Is ..:?~9..~~.~,.............
,~,.~"98.22~..,.,......,.....,,,.. .....,.".."",...""",.., ..."".."."..,..,...",.....,...."rLend.."
BOtTow,rowas Lenderlhe principal sum of .~:'~..~..~.9~/~qo:::'.-:.................................
....... ......... .................... ...,. ..... ,Oollln (U.S. $. .~7., ~QQ~.Q9..... ..... J. Thls dabt b evkIlilnced by BorrOW8(S
00(8 dated the same date as U'Iis Security Instrument ("Nota', which provlde 'or mon1hJy paymems. with the full debt, If not
pa..'d earlltlr, due and payable on ...-;J:~..J:~t;.,..~9.~~.............................."......... ThIs Secutftylnstrument
S5COC'lS to Lend6r: (a) the 18paymMfl " the d.bt evidenced by the Note, with Interest. and all renewals, lXtenslon.s and
modJneatlons of tI'Ie Note; (b) the payment Of all 0lh8r sums, wilh.lnterl!$l, advanced under paragr!ph 7 to protect the security
of lN$ Stc:wJty Instrumen!; and (c) the performance of Borrowers covenants and agreements undEH' lhla Security Instrument
and ttle Note. Foe this purpose, BOCTower Irrevocably grants and COf'Nrys to TrUS1ee, 10 tnJSl, with pewer ot safe, tn, fo<<owittg
described pcoperty lcca1ed In . ~. ................ ............ ................ .county, WasNngton:
LmI\L IlESOUPI"ICN IS SE:r Fmlll IN EXIIIIlIT "A", WHIOi IS =:m l-:EllElO !\NO
~ /IDlEJN BY nus~.
KlTSAP COUNTY //
$14,00 .{LTC...-
FILED-BY: JlAMl~~fl !~
DEe 12. 11n4;- 1 . AI'\
KAREN FL Y~N, fi R
CLERK: MILLEY
A.F.#: 9412120027
REEL 0840 FR 1460
whk:hh..lh.8dd,...oI ..~lp~/l,lp~..?~,s;q:e,e~.,..........,................... ,..~.................,
pIIII~ \Clfrl
W_ngton..,'-8~F".,."""., ......."..,.. rp,op8rty Addr...,:
"",,'-,
TOGEtHER WITH aD the Impl"OVtmlfllS new or hereafter erected on the pcoperty, and .1.e.semel'\Ul, appurtenances, and
tb:1ures now Of her.-It. a pIIt dIM popeny. All replacements and addlUonS shall also be covered by U'lls Secufity
Ins1Nmofd.. AI althe fO(egolng is raf8IJed 10 In this S.cudCy Instrument as Ole "Property."
BORROWER COVENANTS tnaC Sonowet Is Jawfuly .se!:led oIlh1 t5U1e hal.by eonveylld and has the rlght to grant and
COfNwy Ihe Ptopeny and lnaC the Property 18 unencumbltftCl. except to( enc:umbranc:es of record. BOfrower warrants and wID
dllllld generally the title to U'le Property .gains! all cJeJms and demands, subfea to any tnCUf1".braneeS of record.
THIS SECURITY INSTRUMENT combines unlf'orm covenants ref national usa and non-unil'onn covenanta with nmited
vatl&t/onS by JutlsdJc:1jon 10 consUute. uniorm security lnstrumel11 covering real ptop4!rty'.
If bnd.r fnvolln th. pow." of ..1., L-nctct .h.1I ew. _m.." noflu to Tluata. of the occunanu of an lVent of defauh and of
bnder'e alacUon to cau.. tha Proparty to ba lold. Tnl.t.. and blldar Iball taka auch a,.Uon r.gardlng noUce 01 .al. and .1,.11 gtvlll
auch no,lc.e 10 Borrow.r and to oUlar per.on. .1 .p,Uubl. law may requlra. An., the Um. I.qulred by appllcabl. law and .n.r
publlc.tloll of th. nollca of INII., Trust.., wllhout dllUM on 8oJ'row.r, ahen ..U th. PIQJMr1y It public: auction to the hltM.1 bldd.r
al tha Um. and pl.sea and under 'he lerma d..lgnatad In tha noUce 01 a.le In on. or mora pa/cll&- and in any OId.r TIUI'I,
d.'armln... Tru.l.. may pOltpon. .al. 01 the Prope"Y for a petfod or ",rlocl. permht.d by .ppUcabhllaw by putwlc announcem.nl
at 111. tIm. and pf.~ find In Uti notJc.oI...J.. bnd., Of' Ita d..ISln" may pwcll... thl Property at any ..'L
Tnllt.e Ihall dedv.r to the pureh..., TlUllea'l daed conveying tIIa Property w1thcIltt any covenant or _"Inty. upr....d or
IrnpUed. Tha raclt.a. In the II\1.t..... d..d .han b. ptlrna fur. avtdance of dI. 1tuth or the .tat.menta mad. therein. 1I\1al.. Ihlll
.pply tile proce.1ib olllle .a" 111 Uta foJJowlnSl Old.,; W 10 an axpens.. 01 the lala,lnclucllnSl. but. not Ilmtt.d to.le'lCM'labl. Tr1ll1....
and .norn.y.' f...; (b) to all .uml ..curad by 1hls s.curhy Inatrumant; and (c) any .xc.a. to "'" penon or perlona '.galty' .ntltl."
to tt or to lhe d.rk of the .uperlor COU" of \h. ccunty In which the ..1. took plu..
2Z. lI'oKOnveyaMIII. Uptm".,-mM)J of an au"" lecured by thbI Security InatNmanl. \.and., aha. r~ue-' T.uate. to lKOnvay thII
P.operty and ahd aurrMdar this S.curlty Instrum.nt and &II not.. wkI.nclng d.bt '~ur.d by this S.curity fnstNmentfo fruste.. Tnnc...
sh.n ,.conny \h. Pro~rty wilho\rt w."~1y to the p."OI'I 01 p.r~1 '-gaily .ntItMd to It. Sudl ~raon or Pf'(IKIN shall ~y fh/ record.tIc"
'"'" "'- by.............. .
21 Sublmut. Trult... In .ccord.nea with .pplle.bl. Jaw. bnckr may Irom tlm.to time Ippolnt I IUCC"'IOlItVac. to any Tru,t..
appointed hat.und.r who h.. c....d to aet. WIthout COIW-Vanc1 clltl. Prop.rty, th. luccauor tN,t.. ,h.1I $ucc.ad to .n the titI.. power
.nd duff.. ~~r.,j upon T.rwt.. hlllln Wid by appllcabl. IIw.
24. U.. of Property. Th. Property II I'lOI Inad prlnclp.lIy for '~rlcunural Of Iwm1ng pI.Irpo....
25. Rider. to thl. Securitv Inatrument. If ona Of mofe rid.,. .... _.Mad by Borrow.r and ,.corded wveth.r with this S.curity
Imwmant, ~ s:cwanM\b IIId ~re.m.nb 01 ..ch such rid., shalt b. Incorporated Into and sh.11 am.nd and luppl.ment thl cOY.nanls In<!
Igrumlnb oIihbl Security lnatMn.nt.. 11th. r1d.r(s) wer. . part of this SacUlity !Mlnlm.nt. {ChICk .pplkaolc bIn(u1J
fX1 Adfuslablt Rat. Rider
o Graduated Payment Rider
o Balloon Rider
o Olhor(.) [.po<;fyl
o CondOminium Rider
o Planned Unit Development Rider
o Rate Improvement Rlder
fi] 1-4 Family Rider
o B/'Neeldy Payment Rider
o Second Home Rider
BY SIGNING BELOW. BOAAOW'ER accepts and &g(hS to U1a tetmS and covenanlS contained in tI'I1s Securtty
Instrument and In any rider(s) executlKt by Borrower and recordlKt with IL
~~L*D8251~h2~~&3
JC!'ISAP CI::I>Mm'IY l\C1'ICN m:Gll\M
By:~ ~,~
La....""'rY , ti ve Director
STATE OF WASHINGTON
lH.I;~.~IL"""""""tr Counrys$: 94
On IhIs ...........U,.......... day of ...~~.c;~~~.~.~............. 19 ....... before me the undersigned, a Notaty
Public In and for the Slate of was~on. duly commissioned and sworn. P.8rsonalfy appeared....,..........................
. La~t", ';y.1: :r.I. .~X'.Cal.~ ~."!~. ~. .~~,c;~.'?~.. ~.C?r... ~~.~ ~.l! P.. ~~~!'. ~ :X. .~~ ~.~~.~. .!.~~.~~.~~........................
Ie me known 10 be the lndMclual(S)
....~~~... and' wno' ei:i;etrtid' me ',Oiigo1n9 'INUijm.';i,' 'iriC; 'ickO'~8d 'to' m.' tt\al..,..... ~.~......... signed and
~.",.!~~t~\d lrmrument as ....~.~~............ Iree and voluntary ad and deed. lor the uses and purposes therein
$ ~ .~~..Q\Jll, ';. I
f ~;~~ OTA~'Ti~t.... hand and official s.a1 arrlXed1he dirf Q:thls certificate aboYewritten.
I.a.:~ '" Kr~~ .'~~y
~ ; ...liJlr"--Is.;on~Plr..ypt.~~...,..........., .....,J.cu. ~Ll.(r,.(L0..,.....,...... .....
r, ~ r we": ' 1'IoIIIoI.._.........~~1III:
\'%~....~.Jo.g~.....,,~ .A. l'/h.:......,.........~~.ElJ\A.C,K~(I1M!,.......
I, t'o"-"-u\~<'- -~-
" 'I' w~Sn ..r
\\.'\,"...----
REOUEST FOR RECONVEYANCE
TO TRUSTEE:
The undersigned Is the holder oIihe note or notu secured by this Oeed 01 Trust. SaId nota or IlOIIS,. togfihlH' with all
other Indebtedness SecUfed by this DHd of Trust, have been paid In fuR. You are h.....by dlrltCled to eaneel said not. 01
note.s and this 0"" of Trust, whJd1 are d.ll\1red ttereby, and 10 reconvey, without warranty. aR tt1111 .stall naN held by you
undar thi1 Deed ot T~1 10 the person 01' persons legally entlUed Ihereto.
OATEO: ......,....,...."..,..,..,...,.... .,.
By..,..........
E:>CHIB.IT 'A I
OUica File No.: E-100624-2
DESClUPl"Ia<:
Lots 1, 2, 3 an:! 4, Block 4, Plat of Dietz:' s l\dditicn to 1lrEm!rtI:n, as per plat jn VolUlB
2 ot Plats, Page 57, recxmls of 1tits8p =ty, ~, = partio.>l.er1y clescril:Ed as
foll"",,:
'!hat pxticn of Bled< 4 jn the Plat ot Dietz's l\dditien to the = of Bo.c,~t...." per plat
in Voluna 2, Page 57, recxmls of Kits8p =ty, Weshingtcn, = pa:rtio.11.e:<y clescril:Ed as
fol.lows:
Beginnirg at the Sout:heest comer of said Bled< 4, which is the interse::ticn of the West
maxgin of Broedway Street with the N::lrth maxgin of E:4Jhth Sb:'eet; then::e West: ~ the
So.rth llr:e of said Bleck 4, a d1.starx:e of 121 feet to the ~ corner oL lot 4 of
said Block; then::e N::lrth elcn;j the West line of said Lot 4 an:! its Nx1:h!rly extensicn, a '
d!st=ce ot 107 feet 'to a point en the centerline of """"tej alley; then::e East elcrg said
centerline of elley, a dl.stan:e of 121 feet to the West: maxgin of Broadway Street: then::e
So..tth elcn;j last said ll'!lJ:g1n of street, a d.l.sbnoe of 107 feet to the Po1nt of Beg:lnn1r.g.
A.F.#: 94~2~20027
REEL 0840 FR ~464
@~\
~SAVINGS
BANK
Loan #0715001046
1-4 FAMILY RIDER
Assignment of Rents
THISl-4FAMllYRlOERlsmadethis 1st.. ...........dayof Decent:er. ..1994
and is lncorporaled Jrno and shall be deemed 10 amend and supplement Ihe Mortgage, Deed 01 Trust or Secutity Oeed (the
-SeCUlity ln$trumont") of the same date given by the undetsigned ~h. oBorrowet1lo secure Bouowe,'s Note 10 U. S. >>:::f.lE
.~. ......... ............ .................................................... . (Iheolende'1
01 the same dall and ccwerlng the pt'operty descrited In the Security Instrument and located at
.ll04/ll06 9th Street. .BREME!l.9:N..WA.98337....,..,A.....F _#;. 94-12120027,
. ~_-'I Rt:.EL u84-0 FR 14-65
1-4 FAMILY COVENANTS. In addition to the covenants and agreements made In the Security lnslrumen!, BOHower
ar.d lender luM., covenant and agree 8$ tot:ows:
A. ADOITIONAL PROPERTY SUBJECT TO TME SECURITY INSTRUMENT. In addItion ~ the Propelty ducribad In the SM:lltlty
lnlll1:t\'lanc. lh. lollClWlng IIlma "' addld kl lh, Proplrty duerlplion. Ind IheM .110 cons~' !.hI P101"rty cov,,,d by thl SeCUlity
1n.IU\I""nC bulldlng m.l,rilll. Ipplllncll IIId gooc!l 01 ""ry nllul. whltsO..," tIOW 01 heruftar JG,utld in. on. 0( used. 01 lnIended 10 bl
ulld In cOM.ction wilh <<hI Property. Including. bul not nmitld 10. tho., 101 VI, pUlpOll1 ell lupplylng 01 dll:iibuling hlaling. cooli"g.
ellctricity. "", wIIIII, lit and Ught. 1It1 pr'YlnlIon .nd exUngullhlng IPPalltU'. "CUlily Ind .cun control applr.lu.. plumbing. blth tub..
Wltar "ell"I, WII" clo..I.. ,Ink.. lan;lI. .IOVos. II'rl;"llotl. dlshwash.r.. dlspoalls. wllh.". dry.... .....l'Iings. slorm window.. .Io,m
dooll. .Ctllna, blind" .hld.., curtaiN ..nd curtain ,Gel,. lna.ch.d millon. cabln'II, plnoWn; Ind .::ach.d 8001' COy.ring. now or h"..lter
.l"....~"'ad 10 !h. P,Op.rty. .n 01 w"leh, Includln" r.j)llc.m.nls .nd .dditlON lh".to, ah.1t " d..m.d to b. and ramlln a p.rt of th. Prop.rty
CQY"ad by VI. S.curily Itlaltum."t. All of lh. 101-;011'I; ~.th" wilh the Proplrty dllcribed In L"l, s.cur!:y ,".trumlnl (or thl [....hold
..1Io1.lfthl Socuritt I".uumonll. on .I....ho.d) .,1 "flrrld IQ In thl.t-4 Family Rld., Ind!.h. S.o;vrily Instrum.nlII Ihe 'PIOP'rty."
B, USE OF PROPERTY; COMPLIANCE WITH LAW. Borrow" '''111 not ...k, ."r..lo 01 m.h . chlnglln Ii'll us. 01 !.h. Prop.rty
Of Its zonln" ClllSiflcldotl, unl... l.nd" hIS Igr..d I" ....ritlng 10 11'1. chlngl. Borrow" shill comply .....ith .illlw.. oldin,"CII. "Ilulltlo~
and requi""'.nb 01 Iny gov.rnm.ntal body .pplicabll 10 the Prop.rty.
C. SU80RDlNATE LIENS. Except as permitt'd by I.darlllaw. 8orrow.r .h,U1\01 Illow Itry Ii.n inferior 10 the SRurity Insltumenl
to b, p41rlKled aoainsllh. Plopetf)' wiUlout lll'\d.r". prior writt.n permission.
D. RENT lOSS INSURANCE. 80rrow" .halt mli"llin Inlu,anu again.t ,.nt 10... In Idciticn !O the Olnot ha.zAld. lor which
In.Ulanc. .. required by Uniform Covenant 5.
E. -BORROWER'S RIGHT TO REINSTATE" DELETED, Unifotm Cov.nanllSls d.llt.d.
f. 80RROWER'S OCCUPANCY. Unll" l.nd" and Borrowlt oth.rwi.. agtuln writing.~' r.ttt ..nt.nc.ln Uniform Cov'nl1ll &
concerning 80,,_', occup.ney 01 the Prop.tf)' Is d.r.l.d. All remllnlng coyen.nb and agr..m.na ..tlot',h in Unilotm CeY.nanl 5 ,h.n
rern&inln.".cl
G. ASSIGNMENT OF lEASeS. Upon land.", tlqu16l. BOIIOWIt shan ",.Ign 10 t.nd.r an l..s.. olth. P:operty and an ..curity
d';Osits med.1n conn.ction with Ie..., 01 the Prcp.r:f. Upon the assignment. linda' shill h.....:h' tl{jht to :nodify, .xt.nd ortlrminal. the
uislinQ 1....1 and to .llICut. new leas... In l.ndlt's '01. discretion. h u..d In thr. parlgraph G. :hi wore 'I.ue' .hlll mlln ".ubl...,' it
the s.cwily Insllumanlr. on I I....hold.
H. ASSIGNMENT OF RENTS; APPOINTMENT OF RECEIVER; lENDER IN POSSESSION. 80trQWIt Ibsolul.1y Ind
unconditionally "SigN and Iran,r." to l.nc!er .11 tho ""11 Ind "....nu.. ("Rent..' 01 the Pro$Hrty. r'{jltcl.u of 10 whom Ih. P..nll 0111'1.
Prosatry aI' p.ylbl.. Bor,ow.t luthorlzl' l,"dar 01 La.nd,,'. eSl.nlt 10 con,cl !.h. R."II. .nd Igteu th.t ..ch tanlnt of th. Proporty sh.n
p.y thl Ranu to landlt or l.f1det's eg.nlS. How....". SOltOWIt shill "c.iv. the Ranu until (!) l.ncet hIS giv.n Borrow., node. of d.laull
pursuant 10 pltloraph 21 Qllhe Secu,ity trl.ltu",.nC.nd rli) Llndlt hu giv.n notlcalo the I.nant(.) tl':1I:h. ;:;11'111.,. 10 b. p.id to l.nd" 01
l.nd,,'s .O.nt. Thia ...fvnm.nl 01 R.nb CcnlltiMas III IbIO/ut. Itslgnm.nt and not III ISsignmMt!o1 .dditNlnal Slcurir,< only.
If Lendlt givll noliu of br..ch 10 Borrow.r. (I) all Renb IIc.iv.d by Borr_t ahall b. h.ld by Borlow" IS ltu.IDl 10' Ih. ban.liI 01
L.ndlt onlv. to b. Ippll.d to tho su"" IKUlld by th. SRUlity lnatrumant; (li) l."dlt .hail b. .nIN.d to colt.~ .nd llcaiv. .11 of ll'Ia Ranta of
Itl. Propetty; (iiQ Borrower '01111 !hat .ach I.nanl olth. Prop.rty Ihall pay all A.nil due and unp.id 10 l.ndl' Of l.nd,,', &genta upon
l.nd.r'. writt.n d,IIm.nc:I to the tenonl; (lvl unl... appllclbl. law ptoYkl.. o!.h.rwi... 1.1 R.nts collec'!ld by Llndlt or lend,,', ag.nts ,h,,1t
bl .pplied llt'.t w lhe costs of tlkin; conltot 01 Ind manaGing th. Property IIId cou.cting: the A.na. includinO, but nollimilod to, IftorM)'"
I.... tIC.Her'. I.... pllmluma on tlc......r.. boftda. r.plir Ind mait'tl.".nc. COlts, IMUllne. premium.. tUII. Inl..m.nta .nd other
ch.,g.. on th. Prop.lt)'. and thin Ie the sums ..culld by Ih. S'Cutily lrutn.rmltlt: (\I) l.nd". l."~.r'. 1~lna or .ny judicially .ppoinl.d
lee.;"''' shall be i.bI, to 8Ceount fOf only those R.nl. actullly IIc.iv,d: Ind (vi) l."dll shill be .nt.'Uad 10 t:1.... . llcoiv" .ppolnl.d kl tl.k.
poa.susion 0' and m.n.g.th. Prop.rty and eor..et th. Rlna Ind protill d.rN.d Irom the PIOP,rty wMota Illy .howing 1110 Ih. inad.quICY
o'Ih<IPropettyUSlICurlty.
n 11'I0 Relnta oIlho Prop.1t)' 110 nol ,ufflcioN 10 COYII th. COlta of I.klng control of Ind "'''''LA.lng th. Prop.rty Ind of cotlacting th.
A.nts any lunda .xp.nded by l.ndll fot such PU'POI" ,h.1I baeo"'. Ind.bt.dn... 01 eorrowlI to L.nclt seculld by the Security
InsItUmant putSu.nl to Uniform CO'I.nant7.
Bo't~r "pllI.nts .l'Id wlltr.nta !hat Borrower has nol .xacUl.d any pliOf au!;nment 01 :ne R.r:ts and haa not and wiU not pel'fo,m
Iny .ctlhat would Pl..,.nt l.ndlt from .urc:il;"g it. tighb und" thil p"lgtlph.
l.nd", Ot l.nd,,'. Igonb or I judiciatlv appoint.d tlu;,.lt. ,haJI nol b. ,.qutr.d 10 '1'1111 upon. taka control 01 0' malnl.ln .11'1.
Property b.loll or liter oMn" noli", 01 dalaull to BGl'towlt. HowlVlt, l.nd". or l.nd.,'s .g."b or a iudlciaUy appointod fleliNer, may do
'0 .1 Illy lIm. wh.n I dol.ull OCCUts. Asty Ipplicltion 01 A,nl. shill 1\01 curo or waiv. .ny d.flult or invalldl" .ny othlt tfghl or r.m.dy 01
l.nder. Tms lsalgnmenl of Renb of th. Property anaB I.rminlt. whln all the .ums IIcu"d by the Security trl.lt""m'nl.,. p~ in full
L CROSS-DEFAULT PROVISION. eOtlow.t'1 d".ul! 01 bl..en Undll Iny not. 01 .gr..m.nlln which t.nd.r 1'1.. In int.resl.h.11
be . '-"'ch undel!h. S,culity In.ltumenl .nd l.nd" m.y invoke Iny of !h. ,.m.di.. permitt.d by th. S.cu,ir,< In.trument.
BY SIGNING BELOW. Borrower acceplS and agtees 10 thelerms and prOYislons contained in tnis 1~ Family Alder.
KIT"5Ef;NI1Y ACl'!CN P!lCGRl'M
~,C~"~fJ~e~tor
(S8a~
,-
(S..Q
--
Loan fi071S001046
ADJUSTABLE RATE RIDER
(1 Year Treasury Index - Rate Caps)
THIS ADJUSTABLE RATE AIDER Is mad, \his 1st day 0/ Decenber , 1994 , and Is
JncCfpc)fjled inlo and shaD be d..med to amend and suppt8ment the" MOrtgage; "Deed -,;; TiUsi 0,' seCUrity Deed "(the ;securiry
Inskurnenr) ollh. same dacl given by the undersigned (the -Borrow'" to secur. Borrowers Adjustabfe Aale Note (thl "NOle1
to U. S. lJ':ME lOANS
..::::::::::::: t1he1..ender;'';; iile same "daii "aOCi cQ.;.ring "tn. 'prop'eitY'dij~Ciibed'lii ih.- S'8CUrttY' instrUmeni "and iOe3tijd 41:
1104/1106 9th Street. illlEl'IE!l&:N WA 98337. A. F. 'it: 9412120027
....' .............. ..,.." ,....,....,......,,.;;;;.;;;.;;.;;;,...REEL..'0840..FR...14bB...
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE INTEREST
RATE AND THE MONTHLY PAYMENT. THE NOTE UMITS THE AMOUNT THE
BORROWER'S INTEREST RATE CAN CHANGE AT ANY ONE TIME AND THE
MAXIMUM AND MINIMUM RATES THE BORROWER MUST PAY.
AoomoNAL CoveNAH1's. In add"rtlon 10 the covenants and agreements made In the Security Instrument, Borrower and Lender
funner covenant and agt&8, as rollows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note provides 101 an InItial 1018(831 rale 01 5.500 ". The NOle provides for c~Ses In the Inter.sl rale and the
monlhly payments as folklws: .. .. . ..... ...
4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Changa Dat.s
The interest rale I wfJI pay may change on the fit$! day of .9:~...... ...... ......,.. ...., .~~, and on thai day every
12th month thereafter. Each dale on which my Interest rale could change Is caned a 'Cha~e Dale.'
(8) The Index
Beginning with the fir$t Change Dale, my lnIerest rail wiD be based on an Index. The '1ndex" Is the wlekly average yield on
Un.<<ed Slale$ Treasury securities adjusted 10 a conslant maturlry 011 year, as made avaIlable by Ine Federal RaseNe SOatd.
The most ,ecenllndex figure ava!1able as Of1h. dale.S days belore each Cllange Oal8 1$ called Ihe 'Currenllndex."
If the lnd.x Is no longer avaHable, !he Note Holder will choose a new Index whlcn. is ba.s..cf upon comparable information.
The Noel HOlder will give me noUce of this cholee,
(C) Calculation of Changes
Before each Change Oatl. Ihe Note Holder witt calculate my new lnteres1 rale by addlr.; Tr::REE & CNE-raJR'IH
peteintage points ( 3.250 ") to Ihe Current Index. The Note Holder wilIlh.n round tl'Ie resuri.OithlS'iddillon'tO the 'neilest
Otl..ighth of one pinc'8ntlge point (0.125%). SubJoct 10 Ihe IImils slaled In SectIon <4(0) beiOw, this rounded amount will be my
r.8W Interest tale unlil the next Change Date.
The NoCs Holder win Ihen detennlne the amount of the monthly payment that would be sutflclent 10 rep8tf the unpaid
principal thai I am expected to owe It the Change OeJe1n fun on thl malurity dall at my new inlerest rail In substanllalty equal
payments. The rnull: 01 thIS ealcutaUon will be the new amounl of rrrt monthly payment
(0) Umlts on Interest Rale Changes
The interest rale I am requtred to pay at Ihe fIts1 Change Oall wiU not be greater than7 . 500 '" or less Ulan 5.500 "'.
Therea:tet, my Inlorest rate win never be Increased Of decreased on any single Change Da~" by mo.:8 than 'IWO . . , . . . . . , .
percentage pointS ( 2 ~ 000 %) Irom lne tate of Interest I have been paying for the ptecedtng ty.'~"'e 'moniliS: 'My '''',ereSt
rate will never be gtealllf'lhan"X9.~S.Q9 .%, orle5$lI'Ian ..~....~QQ... "'.
(E) EtfecUve Date or Changes
My new Interest rate win become effective en each Change Oall. I will pay the amount 01 my nfIW f!IOOChly payment
~iMing on the rltSt monthly payment dale atler Ihe Change Oate untJ1the amount of my monlhly paymenl Changes again.
(F) NoUc. of Changes
The Note Holder wiD deliver or maD to me a notice of any changes In my Interest rate and the amounl of my monthly
payment before Ihe effective date ct Itr'f change. The nodel wllllnclude Infonnatlon required by law 10 be given me and also
the We and telephOne number of a pet$Otl whO wID answer arr{ quesllon I may have regarding the notice.
B, TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
Uniform Covenant 17 of the Security ImlrUmenl Is amended 10 read as fcRows:
TraMfer of the Property or a BenenclalIniereslIn Borrower. It aD 01 any part of 1he Property or any
Interest In Ills sold or Iransftfred (ot It I beneflClaJ lnIerest In Borrower Is sold or ltansferred and Sorrower Is
not a natural person) withOlA Lender'S prfor wrtn.en consenc, Lender may. It its opllon. require Inmedlale
payment In ruD 01 an sums secured by this Security Instrument However, this optIOn shan not be ex.rclsed _
by Lender if exerebe Is prohibited by lederallaw as of the date 01 this Security Instrument. Lender also shaD
no! exercise this optk)n It: (I) Borrower causes to be submlned 10 LendlllnfotmaUon raqua-ed by Lendllto
evaluate the Intended transleree as If I new soan ~re being made 10 tn. uanster..; and (b) Lender
leasonabty determines that L.nde(s security wm ~ be Impalted t:IJ the )can assumpUOtl and thatlhe risk of
a breach of Iny coYenanl or agreomen11n Ihls Security Insltument Is acceptable 10 Lender.
Loan #0715001046
To tne extent permined by app6cabll law. lender may charge a reasonable fee as . concIiUon to Lender's.-
ConsInllO the loan usumpUon. Lend., may aJso require the lIansf"M 10 sign an assumpdOn aCJr..menl
that Is acceptable to Lend.r and U1at obllgall$ the transf.,ee to keep aU tn. promis~ and agreements made
In Ihe Nole and In tnls SeeurIIy Insuument. Sorrower will continue to be obligated under the Note and tnIs
Securiry Instrument unless lender releasls Borrower In writing. -
" Lender 8Xlfcises the option 10 requite In'vnetflat. payment In fun, Lender st'.aD give Booowtl notice of
Icceleratlon. Tht node. shad provide a pedod 01 nol ., than 30 days from the dall the notice Is delivered
or mailed within which Borrowe, must pay all sums secured by this Securtry InstnJmerL "Ballowe( falls to
pll'f these sums pOOl to the expiration ot this period. Lendet' may Invoke arrt remedies permlned by It'11$
Security Instrument without furthe, notice or demand on Borrowe,.
BY SIGNING BelOW. Borrower acceptS and agrees to the lenN and covenants contained In this Adjustable Rate Aider.
~ a:r-MJN1'IY A.."TICN F=wl
~~ ~~i~;';"."""
~E~L#D8451p~2g2~J
n R 1 ~ , i\\ " "
CLOSING STATEMENT ON
CXTY OF BREMERTON\KXTSAP COKKUNXTY ACTXON PROGRAM EXCHANGE
SELLBR\PURCHASER: CITY OF BREMERTON
PURCBASER\SELLER: KITSAP COMMUNITY ACTION PROGRAM
LEGAL DESCRIPTXON FOR CITY-OWNED PROPERTY:
THAT PORTION OF LOTS 3 AND 4 OF TRACT 8, PLAT OF WARREN
SMITH'S ACRE TRACTS, AS RECORDED IN VOLUME 2 OF PLATS,
PAGE 51, RECORDS OF KITSAP COUNTY, WASHINGTON, DESCRIBED
AS FOLLOWS:
THE WEST 80 FEET OF THE SOUTH 160 FEET OF SAID LOT 3,
LYING NORTH OF 11TH STREET AND SOUTH OF 12TH STREET;
ALSO THE EAST 127.06 FEET OF THE SOUTH 125 FEET OF SAID
LOT 4; EXCEPT 11TH STREET;
SUBJECT TO THE FOLLOWING EASEMENT: AN EASEMENT FOR
INGRESS AND EGRESS AND UTILITIES OVER THAT PORTION LYING
NORTH OF THE FOLLOWING DESCRIBED LINE; SAID LINE BEING AN
ARC OF A CURVE HAVING A RADIUS OF 32 FEET, WITH THE
CENTER BEING 8 FEET SOUTH OF THE CENTERLINE OF 12TH
STREET ON THE SOUTHERLY EXTENSION OF THE CENTERLINE OF
BROADWAY AVE.
AMOUNTS DUE/PAID CITY OF BREMERTON
Total Purchase Price
of city of
Bremerton Property
$13,200.00
Less Purchase Price of
KCAP Property to
be Exchanged
13.200.00
Cash Payment Payable to
City of Bremerton at Closing
s
-0-
ADD City of Bremerton's Closing Costs to
Cash Payment Payable at Closing:
Title Insurance Premium
(Land Title Insurance
company)
$270.25
CITY'S CLOSING STATEMENT ON CITY/KCAP EXCHANGE -1-
KCAP.CCS - REAL eSTATE - 5J19J97
Excise Tax Affidavit
processing fee (Kitsap
County Treasurer)
Recording Fee for
statutory Warranty Deed
(Kitsap County Auditor)
2.00
9.00
Total City of Bremerton
closing Costs
$281. 25
281. 25
TOTAL CASH REQUIRED FROM
CITY OF BREMERTON TO CLOSE
s
281.25
NOTE:
It is understood and agreed by all parties hereto
that any utility costs, i.e. water, sewer, refuse
disposal service, telephone, and any and all other
utilities incurred in regard to the subject
properties of this transaction, are hereby waived;
and
It is further understood and agreed that real
property taxes for the above-referenced property
are exempt and will remain exempt; and
ACCEPTED
1997.
It is further understood and agreed that this
closing statement is subject to audit and should
there be any errors or omissions, they are to be
corrected. Further, if any legitimate monetary
error is discovered, it is to be assessed and
immediately collected fl.'om the party or parties
liable therefor. ~
AND APPROVED this day of
~7
~~WN
B .
'IAN . SIEVERS
Bremerton City Attorney
CITY'S CLOSING STATEMENT ON CITY/KCAP EXCHANGE -2-
KCAP.CCS - REAL ESTATE - 5/19/97
ORIG\NAL
CLOSING STATEMENT ON
CITY OF BREMERTON\KITSAP COMMUNITY ACTION PROGRAM EXCHANGE
SELLER\PURCHASER: KITSAP COMMUNITY ACTION PROGRAM
PURCHASER\SELLER: CITY OF BREMERTON
LEGAL DESCRIPTION FOR RCAP-OWNED PROPERTY:
LOTS 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT OF
DIETZ'S ADDITION TO BREMERTON, ACCORDING TO THE PLAT
RECORDED IN VOLUME 2 OF PLATS, PAGE 51, RECORDS OF KITSAP
COUNTY, WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING THE
NORTH LINE AS DISCLOSED BY CITY ORDINANCE NO. 2356 WHICH
ATTACHES BY OPERATION OF LAW.
AMOUNTS DUE/PAID KCAP
Total Purchase Price
of KCAP Property
$13,200.00
Less Purchase Price of
CITY Property to
be Exchanged
13.200.00
Cash Payment Payable to KCAP at Closing
s
-0-
ADD Kitsap community Action Program's
Closing Costs to Cash Payment Payable
at Closing:
Title Insurance Premium
(Land Title Insurance
Company) $270.25
Real Estate Excise Tax
(Kitsap County Treasurer) 234.96
Recording Fee for
Statutory Warranty Deed
(Kitsap County AUditor) 9.00
special Endorsement Fee
for 111 Endorsement
requested by U.S. Bank
of Washington pursuant
to Exhibit "A" attached
KCAP'S CLOSING STATEMENT ON CITY/KCAP EXCHANGE -1-
KeAl). f:C~; - RJ~^L [;';Tf,'IT - ;,/ 141 '~';
(Land Title Insurance
Company)
108.10
Reconveyance Fee for
Partial Reconveyance of
Deed of Trust dated
12/6/93 held by state of
Washington Dept. of
Community Development
(Land Title Insurance
Company, Trustee)
50.00
Reconveyance Fee for
Partial Reconveyance of
Deed of Trust dated
12/1/94 held by u.s.
Bank of Washington
(Land Title Insurance
Company, Trustee)
50.00
Total KCAP Closing Costs
$722.31
722.31
TOTAL CASH REQUIRED FROM KCAP TO CLOSE
s
722.31
NOTE:
It is understood and agreed by all parties hereto
that any utility costs, i.e. water, sewer, refuse
disposal service, telephone, and any and all other
utilities incurred in regard to the subject
properties of this transaction, are hereby waived;
and
It is further understood and agreed that real
property taxes for the above-referenced property
are exempt and will remain exempt; and
It is further understood and agreed that this
closing statement is subject to audit and should
there be any errors or omissions, they are to be
corrected. Further, if any legitimate monetary
error is discovered, it is to be assessed and
immediately collected from the party or parties
liable therefor.
ACCEPTED AND APPROVED this l ii /N' day of
1997.
""?NY
KITSAP COMMUNITY ACTION PROGRAM
-~c.(,...
~
L~RY E R, Executive Director
KCAP'S CLOSING STATEMENT ON CITY/KCAP EXCHANGE -2-
i ~ i /'. I.' . r - r " to ~:l\ !, f c-; '!' r. 'I' I L, I " i < f !
j \
,'_.J
, .
,
II.
~BANK
\"11111 1'11)-:<:1 SoulId
( "1111IH,!",l.d 11.1I1kI1l}; (:I'lllcr
It.l~ hn)"d\\',IY, "illllc 1100
1:1,(\111,1, WA ()H.1fJ2-.1')~n
'11(,_'171_."171 -LI('OI1l,l
JII(,..1}.7_l.'jl') St'.IUk
l( 1/ ,_I .~)7. H.li 1'/ I-d_'"
LX' C)
~< ~(/~Hfu~ ~o~r I '~() II
June 13, 1996
Ms, Jackie Cronk
Legal Assistant
City Attorney's Office
City of Bremerton
239 Fourth Avenue
Bremerton, WA 98337
Re City of Brernerton/KCAP Property Exchailge
Dear Ms. Cronk:
Enclosed is the signed Request for Partial Re, .onveyance you requested, I am sending this to
~ you because the City Attorney's Office is actillLJ as the escrow in this transaction, Your office
~ is authonzed to have thiS document recorded when Land Title Company of Kltsap County, Inc,
issues a 111 Endorsement on title policy #E-11)0624-2,
All costs to complete this transaction must be Ilaid by the City of Bremerton and/or KCAP,
Land Title provided me a quote of $100,00 plu~ $8,10 tax for this endorsement.
If you have any questions please call
'*a.~.Q?
Sincerely,
, ' " /.
, I.' r .. '/ i
I . .....'- ( ~...
r'/Tc::---r-- -'-, ~
-".; -,'_ f#"' .~~ r','"
.1.j 18 . ft,OO
~;", .-
~rt...lJ..r\)
.......0
~~~~
~~~
a~ '\,
~
Michael L, Stewart
Vice President
MLSly
cc Land Title Co, Attn Brenda, RE Title p, oIicy E-100624-2
Dick Temple, US Home Loan, IDW05311 r,E Loan # 9235797
,-
PLEASE TYPE OR PRINT
PLEASE SEE REVERSE
REAL ESTAtE EXCISE TAX AFFIDAVIT
This form is your receipt when stamped
by cashier,
CHAPTER 82.45 RCW . CHAPTER 458-61 WAC
For Use at County Treasurer's Office
(Use Form No. 84-0001B for Reporting Transrers of Controlling Interest of Entity Ownership to the Department of Revenue)
TIllS AFFIDAVIT WILL N<YI' BE ACCEPTED VNLFSS ALL AREAS 1-7 ARE FULLY COMPLErED
.. Name KITSA? COMMUNITY ACTION PROGRAM,
0:0:
"'~
"'20
....,
"'0:
"'",
a nonprofit corporation
-~ -- - ~--~- -....- --
Street
245 4th Street Ste 509
City/State/Zip BI'emerton Wi 98337
ADDRESS TO SEND ALL PROPERTY TAX RELATED CORRESPONDENCE
Name
City of
239 4th
BremeI'ton
Stteet
Street
II Name CITY OF BREMERTON
~i Street. 23.94th~!JC'~~~._
City/State/Zip __.EI.E.! ~!.!~JI.~.~~2.._._ ...
ALL TAX PARCEL NUMaERS lWi"jl~~_.!f
3733-004-001-0000
..................................................................................-.........................
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....................................-..
.......-...-..-......-.....,.........
.......--..-.....................
.....-----.....................
.......-.....................
..................................~..............
.....................
:;:i:i:::::il::![lW~1!!j1illli~~lji~fl@[:::::[[jj;:::i:
!i![:[;l~1.lj:1j1f:~t[~;j1:[~j1j]:~r~~~1111j1jjlr::[::[:[:::11:\\:
.....................................
/ Bremerton WA 98337
City State/Zip_.__ ._ .___.__. ___._
II LEGAL DESCRIPTION OF PROPEKfY SITUATED IN 0 UNINCORPORATED
9th & 8roadway
Street Address (if property is improved):
COUNTy>l] OR IN CITY OF Bremerton
LOTS 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT OF
DIETZ'S ADOITION TO BREMERTON, ACCOROING TO THE PLAT RECOROED
IN VOLUME 2 OF PLATS, PAGE 51, RECORDS OF KITSAP COUNTY,
WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATEO ALLEY ADJOINING THE
NORTH LINE AS OISCLOSED BY CITY ORDINANCE NO. 2356 WHICH
ATTACHES BY OPERATION OF I AW
. Is this property currently: YES NO
I certify under penalty of perjury under the laws of the state of
Washington that the foregoing is trne and correct (See back of this
fo~.
'''~,'-
Si/li8b1re of
GMhtor/Agent
,
(2) NOTICE OF COMPLIANCE (Chapter 84,26 RCW) N~e (print) LARRY
If thc new owner(s) of property with special valuation as historic property >.
wish to continue this special valuation the new owner(s) must sign below.jt.te & Place of Signing
If thc new owner(s) do not desire to continue such special valuation, all - ,',
additional tax calculated pursuant to Chapter ~.26 RC.W._~.__.~}.~be due...~ ,iignature of
and payable by the seller or transferor at the lime of ,sale.... -...-- .~l.JJhUJ+VDt,_.,~
(3) OWNER(S) SIGNATURE . Name (print) rllN R."'STEVERS,.
Date & Place of Sig;;ing ~~~)Cl .<-, .
o
c!l
~
Classified or designated as forest land?
Chapter 84,33 RCW
Classified as current use land (open space, farm 0
and agricultural, or timber)? Chapter 84,34 RCW
Exempt from property tax as a nonprofit []I 0
organization? Chapter 84,36 RCW (' , _
Seller's Exempt Reg, No, as b L:.. Y - Q -'2 -4
Receiving special valuation as historic 0 Ql
property? Chapter 84,26 RCW
Property Type: 0 land only
o land with previously used building
o timber only
ltX land with new building
o land with mobile home
o building only
Principal Use:
Dtim~
o other
o Apt. (4 + unit)
o agricultural
o residential
o commercial/industrial
III (1) NOTICE OF CONTINUANCE (RCW 84,33 or RCW 84,34)
If the new owner(s) of land that is classified or designated as current use
or forest land wish to continue the classification or designation of such
land, the new owner(s) must sign below. If the new owner(s) do not desire
to continue such classification or designation, all compensating or addi-
tional tax calculated pursuant to RCW 84.33.120 and 140 or RCW
84,34, 108 shall be due and payable by the seller or transferor at the time
of sale. The county assessor must determine if the land transferred qualifies
to continue classification or designation and must so indicate below.
Signatures do not necessarily mean the land will remain in classification
or designation. If it no longer qualifies, it will be removed. and the com-
pensating taxes will be applied. All new owners must sign.
This land 0 does LJ does not qualify for continuance.
Date
DEPUTY ASSESSOR
I-
Description of tangible personal property if included in sale (furniture,
app1iauces, ek.)
IT exemption claimed, lis! WAC number and explanation.
WAC No. (Sec/Suh) ___.
Explanation
Type of Document 2~ILt;.11 t 0 rr.~ a r:r ant y 0 a e d,
Date of Document.~nJJ__..U.JllU HAY:? -0.1.997
Gross Sale Price $ ,. 13.,2_00. 0 D
Personal Property (deduct) $. _._. :0...__.._..
Taxable Sale Price $.. 13 ,?(JO~QQ____..
Excise '!1ox: State $ ...._~~ '1 ~ 9 6 ..,..._
Local $ -0-
Delinquenl Interest: State $ -.0 -
Local $ -0-
U
Delinquent Penalty: State $ n ;-.'"90-'.--
To1ai Due $
THERE IS A $2.00 FEE FOR PROCFSSING TIllS FORM IF NO TAX IS DUE
I.
AFFIDAVIT
EYER,
~UH
Executive Director
'\ U~~
BremaI'tan
City
*ll~i
Attorney
Bremer-ton
Perjury: Perjury is a class C felony which is punishable by imprisonment in a state c, ectional institution for a maximum term of not
more than five years, or by a fine in an amount fixed by the court of not more than five tholsanddollars ($5,000 y both imprisonment
and line (RCW 9A.20,020 (I C)) , /.'
.'
~\, 84 OOOla (6-16-95) (PO 6-19-95)
FOR TREASUREIliS USE ONLY
........'0..
~'
.
~~t
.;,.'
...
....
ic....
TAXPAYER
1.,
..-;;r-~,
;1-
<
........-",-{
__d.f .'_
DATE (MM/DDNY)
01127/99
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW.
COMPANIES AFFORDING COVERAGE
ACORDm
PRODUCER
Soriano Hayward Ins. a div.
of Bratrud Middleton Ins Inc.
P.O. Box 711
Bremerton, W A 98337
COMPANY
A Philadelphia Insurance
~/
INSURED
Kitsap Community Resources
COMPANY
B
802 7th Street
Bremerton, W A 98337
COMPANY
C
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED VE FOR THE POLICY PERIOD
INDICATED, NOlWlTHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
'=.~gLUSIQ!\I~~PSQ!!~!!!.ONS_9...E ~UC?.ti..l'9.~ICIES. LIMITS SHOWN_ MAY H.AVE BEEN RED~~ED BY PAID CLAI"'"L__.
CO TYPE OF INSURANCE POUCY NUMBER POLICY EFFECTIVE POUCY EXPIRATION UMITS
LTR DATE (UM/DDIYY) DATE (MMlDDIYY)
A GENERAL LIABILITY PHPG300990 01/27/99 01/27/00 GENERAL AGGREGATE $
X COMMERCIAL GENERAL LIABILITY PRODUCTS - COMP/OP AGG $
= ~ CLAIMS MADE [X] OCCUR PERSONAL & AOV INJURY $
OWNER'S & CONTRACTOR'S PROT EACH OCCURRENCE $
FIRE DAMAGE (Any one lire) $
MED EXP (Anyone person) $
A AUTOMOBILE LIABILITY
X PHPG300990 01/27199 01/27/00 COMBINED SINGLE LIMIT $
ANY AUTO
ALL OWNED AUTOS BODILY INJURY
(Per person) $
SCHEDULED AUTOS
X HIRED AUTOS BODILY INJURY
X (Per accident) $
NON-OWNED AUTOS
PROPERTY DAMAGE $
GARAGE LIABILITY AUTO ONLY - EA ACCIDENT $
ANY AUTO OTHER THAN AUTO ONLY:
EACH ACCIDENT $
AGGREGATE $
A EXCESS LIABILITY PHUM300990 01/27199 01127/00 EACH OCCURRENCE $
X UMBRELLA FORM AGGREGATE $
OTHER THAN UMBRELlA FORM $
WORKERS COMPENSATION AND ~ WCSTAru- ~
EMPLOYERS' LIABILITY TORY LIMITS ER
EL EACH ACciDENT $
THE PROPRIETOR/ INCL EL DISEASE. POLICY LIMIT $
PARTNERS/EXECUTIVE EL DISEASE - EA EMPLOYEE I $
OFFICERS ARE: EXCl
OTHER
DESCRIPTION OF OPERATlONSfLOCATIONSNE IICLES/SPECIAL ITEMS
LOAN #45: 1104 9TH STH <:ET DUPLEX, BREMERTON. W A
3 000 000
3 000 000
1 000 000
1 000 000
100 000
5000
1,000,000
2 000 000
2 000 000
CITY OF BREMERTON
239 4TH STREET
BREMERTON, WA 98337
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFOFlE THE
EXPIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL
~ DAYS WRITTEN NOTICE. TO THE CERTIFICATE HOLDER NAMED TO THE LEFT,
SUT FAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY
REPRESENTATIVES.
J
POLICY NUMBER: PHPG300990
COMMERCIAL GENERAL LIABILITY
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
ADDITIONAL INSURED - DESIGNATED PERSON or
ORGANIZATION
This endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SCHEDULE
Name of Person or Organization:
CITY OF BREMERTON
239 4TH STREET
BREMERTON, WA 98337
LOAN #45: 1104 9TH STREET DUPLEX, BREMERTON, WA
(If no entry appears above, information required to complete this endorsement will be shown in the Declarations
as applicable to this endorsement.)
WHO IS AN INSURED (Section II) Is amended to include as an insured the person or organization shown In
the Schedule, but only with respect to Ilablllly arising out of your operations or premises owned by or
rented to you,
CG 20 26 11 85
Copyright, Insurance Service Office, Inc., 1984
IAN R. SIEVERS, City Attorney
239 4th Street. Bremerton, WA 98337' (360) 478-5345 . FAX (360) 478-5161
DATE: September 8,1997
TO: Kathleen McCluskey, Administrative Services Director
FROM: Nina Neimoyer, Office AssistantW
RE: Property Exchange with Kitsap Community Action Program
Please find auached hereto, the original title policy for the above mentioned property exchange
transaction,
Please let me know if you have any questions in this regard,
AUachments: as cited
* Equal Opportunity Employer *
COpy FOR
YOUR INFORMATION
IAN R. SIEVERS, City Attorney
239 4th Street. Bremerton, WA 98337' (360) 478-5345' FAX (360) 478.5161
September 10, 1997
Mr. Larry Eyer
Executive Director
Kitsap Community Action Program
245-4th street, suite 509
Bremerton, washington 98337
Re: City of Bremerton\KCAP Property Exchange
12th & Broadway and 9th & Broadway
Dear Larry:
Please find enclosed with this letter the following original
documents:
1) Partial Reconveyance of that Deed of Trust dated December 1,
1994, between Kitsap community Action Program, as Grantor, and
U.S. Home Loans, as Beneficiary; and
2) Partial Reconveyance of that Deed of Trust dated December 6,
1993, between Kitsap Community Action Program, as Grantor, and
State of Washington Department of community Development, as
Beneficiary.
These documents reconvey the right, title and interest in a portion
of the property described in the above-referenced Deeds of Trust
back to KCAP, which portion was exchanged to the city of Bremerton.
Please feel free to call our office if you have any questions in
this regard.
, ~n:~~~ K G (5f~
~~~iE A~~i;~~~~
cc\w\enc: Kathleen McCluskey, Administrative services
Directory"
* Equal Opportunit)' EmploH'I' *
~~
,...-
IAN R. SIEVERS, City Attorney
239 4th Street. Bremerton, WA 98337' (360) 478-5345 . FAX (360) 478-5161
DATE: June 26, 1997
TO: Kathleen McCluskey, Administrative Services Director
FROM: Jackie Cronk, Legal Assistan
~
RE: City of Bremerton/KCAP PropertY",l::xc ange
12th & Broadway and 9th and Broadway
Kathy, please find attached hereto final documents, regarding the
above-referenced exchange, as follows:
1. original recorded statutory Warranty Deed between Kitsap
Community Action Program, as Grantor, and city of Bremerton,
as Grantee, together with original corresponding 1% Excise Tax
Affidavit;
2. Recorded copy of the statutory Warranty Deed between city of
Bremerton, as Grantor, and Kitsap County Community Action
Program, as Grantee, together with copy of corresponding 1%
Excise Tax Affidavit;
3. original Kitsap Community Action Program's Closing statement;
and
4. Original City of Bremerton's Closing Statement.
This property exchange was presented to and approved by city
Council back in March of 1995.... Due to some difficulties we had
in clearing title to the KCAP property and getting KCAP to assist
us in clearing title, we were unfortunately not able to finalize
this exchange until this time. We are now finally finished with
this transaction and I will be sure to forward you the original
policy of title insurance for the property granted to the city by
KCAP and a copy of the policy of title insurance for the property
granted to KCAP by the City as soon as I receive the same from Land
Title Company.
Should you have any questions in this regard, please do not
hesitate to call our office.
Attachments: as cited
* Equal Opportunity Employer *
cO!"y FOR
YOUR INFORMATION
IAN R. SIEVERS, City Attorney
239 4th Street. Bremerton, WA 98337' (360) 478-5345' FAX (360) 478.51.61
June 26, 1997
Mr. Larry Eyer
Executive Director
Kitsap Community Action Program
245-4th street, suite 509
Bremerton, Washington 98337
Re: City of Bremerton/KCAP Property Exchange
12th & Broadway and 9th & Broadway
Dear Larry:
Please find enclosed with this letter final documents, regarding
the above-referenced exchange, as follows:
1. Recorded copy of the statutory Warranty Deed between Kitsap
Community Action Program, as Grantor, and City of Bremerton,
as Grantee, together with copy of corresponding 1% Excise Tax
Affidavit;
2. Original recorded statutory Warranty Deed between City of
Bremerton, as Grantor, and Ki tsap County Community Action
Program, as Grantee, together with original corresponding 1%
Excise Tax Affidavit;
3. Copy of Kitsap Community Action Program's closing statement;
and
4. copy of City of Bremerton's Closing statement.
I will be sure to forward you the original policy of title
insurance for the property granted to KCAP by the city and a copy
of the policy of title insurance for the property granted to the
city by KCAP as soon as I receive the same from Land Title company.
Should you have any questions in this regard, please do not
hesitate to call our office.
(" sincer~? CLO'- K
--;i~~ R\ CRO~~ \
L~ga~ Assistant to IAN R. SIEVERS
'- )
Enclosures: as cited
cc: Kathleen McCluskey, Administrative services Director~
* Equal Opportunity Employer *
/
~
IAN R. SIEVERS, City Attorney
239 4th Street. Bremerton, WA 98337' (360) 478-5345' FAX (360) 478-5161
June 25, 1997
Land Title Company
400 Warren Avenue
suite 100
P. O. Box 313
Bremerton, Washington 98337
ATTENTION: Al Bellini, Title Officer
Re: City of Bremerton\KCAP Property Exchange
12th & Broadway and 9th & Broadway
Your File Nos. E-103076-1
E-100624-2
E-103978-1
Dear Al:
The City of Bremerton and Kitsap community Action
have exchanged the above-referenced properties.
herein the following:
Program (KCAP)
I am enclosing
1) Copy of a June 13, 1997 letter addressed to me from U.S. Bank
Vice President Michael L. stewart, regarding the issuance of
a 111 Endorsement on Policy No. #100624-2, together with the
quoted endorsement fee of $108.10;
2) original Request for Partial Reconveyance of that Deed of
Trust between Kitsap Community Action Program, as Grantor, and
U.s. Home Loans, as Beneficiary, dated December 1,1994,
October 4, 1995;
3) Original Request for Partial Reconveyance of that Deed of
Trust between Kitsap Community Action Program, as Grantor, and
state of Washington Department of Community Development, as
Beneficiary, dated December 6, 1993;
4) Check in the amount of $100.00 for Land Title Company's
Reconveyance Fee of $50.00 charged for each Partial
Reconveyance (as quoted by Land Title);
5) Two checks in the amount of $270.25 each as payment of the
title insurance premiums for File Nos. E-103976-1 and E-
103978-1; and
* Equal Opportunity Employer *
.'
-
Land-Title Company - Al Bellini, Title Officer
June 2'5, r997
Page 2
6) Copies of recorded Statutory Warranty Deeds between the City
and Kitsap Community Action Program executing the exchange for
your information.
I am also enclosing copies of the Deeds of Trust that relate to the
Partial Requests for Reconveyance for your reference. Land Title
Company of Ki tsap County was named as Trustee in both Deeds of
Trust referenced above.
Please prepare Partial Reconveyances to show that said Deeds of
Trust have been partially satisfied and issue your final policies
for File Nos. E-I03976-1 and E-I03978-1 for us.
Should you have any questions in this regard, please feel free to
call our office.
Thank you in advance for your assistance in this matter.
Sincerely,
:~-,~~ ~ C l_(Sl~ K
J.A KIE R. CRONK \
al Assistant
Enclosures: as cited
cc\w\enc: Larry Eyer, Kitsap Community Action Program ~
Kathleen McCluskey, Director of Administrative Services~
CITY OF BREMERTON GENERAL ACCOUNT
Acccxebpy FORPO
Y9U11fNfl)ftr.,ATION
INVOICE
AMOUNT OESCRIPTION
E,103976.1
100,00
3313 LANO TITLE COMPANY
c'UOI::IJJ
CHECK NO,
CITY OF BREMERTON
GENERAL ACCOUNT
239 4TH ST (360) 478.5304
BREMERTON, WA 98337
~- --'BAlI!!
CASC/BREMERTON BRANCH
P.O, BOX 279
BREMERTON, WA 98310
19-2/1250
DATE
THE SUM OF"""""100DOLLARS AND OOCENTS
PAY
AMOUNT
TO THE
ORDER
OF
LANO TITLE COMPANY
PO 80X 313
8REMERTON WA 98310
"a 20 ['1"15 :I "a I: I. 2 5000021.1: b 70 b I. :10 :Ilia
(I; SECURITY FEATURES INCLUDED. DETAILS ON BACK. a
.
CHECK NO, 20 9 9 53
209953
06/18/97
**$11111111100.00**
Ij~i~r~l!lj:_Et!ftf~!
E!!1)i{Eilii'~;::;t:E:jE::\KiW?:i\'E':~.
~!~;.;~~~~}~~:~,
Mayor and C1 erk
..
AUTHORIZED SIGNATURE
209953
, "n?"
.
LAl'( ut tiHt:.M~H I UN L>t:.lit:HAL Al-l-UUN I
ACCOUNT
P.O.
INVOICE
AMOUNT OESCRIPTION
558,1016 54910
E. 103976. 1
270,25
COpy FOR
YOUR INFORMATION
3313 LANO TITLE COMPANY
LU,J-.)J'-t
CHECK NO
CITY OF BREMERTON
GENERAL ACCOUNT
239 4TH 5T (3601478.5304
BREMERTON, WA 98337
~~ RSTBANIf
CASC/BREMEATON BRANCH
P,O, BOX 279
BREMER TON, WA 98310
19.2/1250
DATE
THE SUM OF"""""270DOLLARS AND 25CENTS
PAY
AMOUNT
TO THE
ORDER
OF
LAND TITLE COMPANY
PO BOX 313
BREMERTON WA 96310
11'20'1"151,11' 1:~25000021,1: [,'/0[,1, '10'111'
,Dl SECURITY FEATURES INCLUDED. DETAILS ON BACK. 6
.
CHECK NO, 209954
209954
06/18/97
**$~~~~~~~~270.25**
~~II~~l~~eE;;~~~l~,
~.~ilm~fi~~~t:~F
Mayor and Clerk
~~"Y
AUTHORIZED SIGNATURE
209954
',' '~.J?O
.
ell Y OF BREMER fON GENERAL ACCOUNT
ACCOUNT
P.O.
INVOICE
AMOUNT OESCRIPTION
55810~O~~~OR
YOUR INFORMATION'
E .103978. I
270.25
3313 LAND TITLE COMPANY
cU::J::J~~
CHECK NO,
CITY OF BREMERTON
GENERAL ACCOUNT
239 4TH 8T (360l478.5304
BREMERTON, WA 98337
tIl.. 11&1 BAMI.!'
CASC/BREMERTON BRANCH
P_O BOX 279
BREMERTON, WA 98310
19-2/1250
DATE
THE SUM Of"""""27000LLARS AND 25CENTS
PAY
AMOUNT
TO THE
ORDER
OF
LAND TITLE COMPANY
PO 80X 313
8REMERTON WA 98310
11'20'195511' 1:~25000021,1: b70bl, lOlli'
6 SECURITY FEATURES INCLUDED. DETAILS ON BACK. 6
.
CHECK NO. 209955
209955
06/18/97
**$~111~~~1270.25**
~~~~~.~~~ql
~~ilE';;:=~~I!
Mayor a Clerk
----~
AUTHORIZED SIGNATURE
209955
'" N~J?O
.
COPY fOR
,
YOUR INfORMATION
, )C( j (..-~
''--~ ("
~BANK
()C C)--"Sc"{)~~,3 /) (:7-30
II, , ''- \'_ (
S'lllth 1'1If.>;l'( Sound
(:ullllllnt-j:t! Itlllklllg Ccnter
11.IS Bnudw;l)', Suilc-l100
!:l{'OllLI, WA 9X402-.1SH3
20(l-:;7::>.X 17.1 "b"Oll];]
2(1(,-::~27-1HI-'; Scmk
~1)()-()27-H4()') hx
June 13, 1996
Ms. Jackie Cronk
Legal Assistant
City Attorney's Office
City of Bremerton
239 Fourth Avenue
Bremerton, WA 98337
Re: City of Bremerton/KCAP Property Exchange
Dear Ms. Cronk:
Enclosed is the signed Request for Partial Reconveyance you requested, I am sending this to
~ you because the City Attorney's Office is acting as the escrow in this transaction, Your office
~ is authorized to have this document recorded when Land Title Company of Kitsap County, Inc.
issues a 111 Endorsement on title policy #E-1 00624-2,
All costs to complete this transaction must be paid by the City of Bremerton and/or KCAP,
Land Title provided me a quote of $100.00 plus $8,10 tax for this endorsement.
If you have any questions please call.
.tI 01.~. ~
Sincerely,
~18.eAoo
~;I'\ .-
~",l..J..r'r)
~O
~~ ~ ":>0
J-~~
o~~
~
i
/-77~-::--:-'-'~' -
Michael L. Stewart
Vice President
MLS:ly
cc: Land Title Co, Attn: Brenda, RE: Title Policy E-100624-2
Dick Temple, US Home Loan, IDW0530. RE: Loan # 9235797
CITY OF BREMERTON , GENERAL ACCOUNT
ACCOuNT
P.O,
INVOICE
AMOUNT OESCRIPTION
558.1016 54910
E.I00624.2
108,10
COPY FOR
YOUR INFORMATION
3313 LAND TITLE COMPANY
2U~~~C'
CHECK NO,
CITY OF BREMERTON
GENERAL ACCOUNT
239 4TH ST (360) 478.5304
BREMERTON, WA 98337
~_. lRSTBAfI1
CASC/BREMERTON BRANCH
P,O. BOX 279
BAEMERTON, WA 98310
19.2/1250
DATE
PAY
THE SUM OF"""""108DOLLARS AND 10CEHTS
AMOUNT
TO THE
ORDER
OF
LAND TITLE COMPANY
PO BOX 313
BREMERTDN WA 98310
II' 2D'1'1 5211' I: l. 25000021.1: b 70bl. 10111'
OJ SECURITY FEATURES INCLUDED. DETAilS ON BACK. G
.
CHECK NO, 209952
209952
06/18/97
**SAAAAAAAAI08.10**
~~jl;W~f~~~~:;~~f~:~i
~[~t~~jj:~:-;~::.",.:i~::::~~~t::;j::{~~~~:t~b~~,~::~::;~::j:~::::~/..,~~;-:.~:::::;:::"
~il~m~to=
Mayor and Clerk
,..
AUTHORIZED SIGNA TUAE
209952
"'J.1?(1
.
n r; IC01'lfifPJ\ I .
, YGUtt ,NfOlU,AllON
REQUEST FOR PARTIAL RECONVEYANCE
The undersigned Beneficiary is the legal owner and holder of
that Note in the original
certain Deed of Trust dated
No. 9412120027, and recorded
County, state of Washington.
sum of $27,000.00, secured by that
December 1, 1994, as Auditor's File
December 12, 1994, records of Kitsap
The Note and all other indebtedness secured by said Deed of
Trust having been partially satisfied.
You are therefore requested, upon payment of all sums owing to
you, to partially reconvey without warranty, to the person entitled
thereto, the right, title and interest now held by you thereunder
in and to a portion of the real property described in said Deed of
Trust, situated in Kitsap County, Washington, as follows:
LOTS 1, 2 AND THE EAST 6 FEET OF LOT 3, BLOCK 4, PLAT OF
DIETZ'S ADDITION TO BREMERTON, ACCORDING TO THE PLAT
RECORDED IN VOLUME 2 OF PLATS, PAGE 51, RECORDS OF KITSAP
COUNTY, WASHINGTON;
TOGETHER WITH THAT PORTION OF VACATED ALLEY ADJOINING THE
NORTH LINE AS DISCLOSED BY CITY ORDINANCE NO. 2356 WHICH
ATTACHES BY OPERATION OF LAW.
DATED this
7th
day of
June
, 1996.
U.S. HOME LOANS
IDAHO
STATE OF W~~
BY: /Y blip /c.IJ;-j/
DEB JENK S
VICE PRESIDENT
ss.
COUNTY OF
ADA
On this day, before me, DEB JENKINS , the
Vice President , of the u. S. Home Loans descr ibed
in and that executed the foregoing instrument, and acknowledged the
said instrument to be the free and voluntary act and deed of said
for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute
the said instrument on behaUCU~.
Notary Public in and f the~tate of
TnRnn ,~es' , '~~''5~
My appointment ex ~ :r ~07.
~::~~,;,ST.FOR PARTIAL RECONVEYANCE ~ * \l:~~ <:i. \
. *.
;, J>(fn\G I
. "';.
'\ '1~'" ~O ~
....,'"~ OF \1>.....'
-11'"".........
Re: city of Bremerton/KCAP Property Exchange
12th & Broadway and 9th & Broadway
c . Larry Eyer
~Executive Director
Kitsap community Action Program
245-4th street, suite 509
Bremerton, Washington 98337
Dear Larry:
Attached is a copy of the Preliminary Title Report for the city of
Bremerton property for your review. corky was asking about the
-L~al description which is attached as Exhibit "A" to the report.
We have a number of encumbrances shown on the KCAP property,
including a state DCD lien in 1994, and a US Home Loans Deed of
Trust recorded December 12, 1994. (See copy of Preliminary Title
Report for KCAP property enclosed.) If you intend to retire these
loans, we will need to obtain payoff figures and have checks from
you at closing since there is a no net proceeds exchange. Your
lenders may be willing to rerecord these liens against the new
property to be acguired by KCAP which we could handle at closing.
Please give Jackie Cronk, at my office a call, and advise as to
which way you wish to proceed.
y,
/
I R. SIEVERS
Bremerton City Attorney
IRS: jrc
Enclosures:
as cited
cc/w/enc:
cc:
Kathleen McCluskey, Director of Administrative services~
Donald Pratt, Director of community Development
,
. Cf'll'bratinj: 50 \t.'81'S of Fret-dOJll .
"
C\)\,'l ~~t>-'\()\\
G \~~() 8
'(()\\~ . tJ.S. SAVINGS
BANK
~
Loan No. 0715001046
AFTER RECORDING, MAIL TO,
u. S. /OlE l.Ol\NS
220 llil'IY SIREET
1lEILIlGiI'o'l. WA 98225
e r Da<...2-Y
ISp.u Abova Th_ Una For RKQtditl; Oat.aJ
DEED OF TRUST
tHIS DEED OF TRUST rSec;utity Ins:.rumeor)Is madacn .~.~.J.~t.._...._.__..... ..._...... .......
~~~~~~~/~;.~~~nt~ b ::::::=::~.~.~:~.~...:.:.~~.~~:::~_::::::::::~::::C?U.;. ,_
::::::::~:::::::::::::::~::::::::::: :::::: :::::::::::::rBo~'~~:'Th;i~i~;; ~.: .~~:_i~:~::~&X:Rf:#~~::
.~"..~. ~~~..~t)m,"_",,,,,,,,,,P"'''''''''''''''''''''''''''''' ('Tn..:stee1. Thebenellciatyls
~~~~'~'~~~:~~~~:q{:~~:::::::::~d'~hO~'~add~~~~'::~?i{qr;;;=~.~.~~~~~
.~,,\olh..9~.~75 "..""",......".., ".,.. .,'...... '., ..,... .... ...,.. ..,.,.,. ...........,..,....",. "lender).
Bonower 0'N8S Landel lhe prioc!pal sum at . ~7~. .~l'[). .~. .9.Q/19:0.-::--.-:.................. "............_
....... ..............,..... .............. ......DOlI~ (U.S. $..?7., ~,?.Q~.Q() ....... ..J. This det;( Is lMdanc8d by Bouowe(s
nota dated Ihe same date as tl'lis SecUlity lns:rument ("Nole" whlcn provlde5 '01 mcnltIly paymarns. wiUl the full debt, II' net
paid earS.r, due and P"'}able on ....;J:~..+~t;,..~~_~?..........u...... ........... ............ This $acuriry Instrumem
$&cul8$ 10 Lender: (8) the t8~ment of \111 debt l'Viaenced by the Note, with 1nt8l$.S~ end aU tetlewal.S, llXlensloM and
modil'lca1lons oIlhe Note; (b) the payment 01 aD otl'let sums. with Interest, advanced under pzrasr!.pn. r 10 protect !he security
of this Security Ins1rument: and te) the perfonnznc8 01 Bonower's covenants and agreemanb lJfX'!et this Security Instrument
and tl'le Nole. For thl$ purpose. Borrower lrfwocabq grants and CCf'Ne'j5 to lMlee, to tr\JS1., 'Hilh pcwef 01 nJe, U"',e loIlowlng
described property Ioeated In .~. .,.................. ........ ........ ........ Col..:my. w~~on:
= CESCR!PrIW IS = rami IN EXHIBIT "NO, WHIOl IS =:w !-= J\NIl
~TED HrnElN BY TIllS llEF'ERfrD':.
KlTSAP CClJNiY /'
$14.00 ,/LTC/
FILED-BY; ,(\AJ.D Tl~fL /t(l/'
DEC 12. j~4. III AX
KAREN Fl 'fill'l, AlJDn'R
CLE~: HIllW ....
A_F_#: 94~2~20027
REEL 0840 FR ~460
which h., 'h. addt8$S ot ..:1:1P~/~lQ~. .~.t:h.S.~l;:.........................,....... . ..~................. .
~"~ ~
WashIngIOn... ~8~~1..,., ",.'....",......., " ,Propeny Addr."1:
...-,
TOGE'T)o-tEA. WITH aU the Improvements now Of hereatter '''ded on the propeny, and aD euernenls. appurtenance3, and
tb:lura now 01 hereafter , part at lh8 PC0p6tty. AD 1.p1acements and additions shall also be covered try this SeC1Jtity
Ins1rumoOL AI cllh. fClegclng 1s r.l8ITed 10 In this Sacutiry InstnJm.... as the "Property.-
BORROWER COVENANTS lhaI Borrow.. Is IawfuIy .seised oIlh1i uta1. hereb'f c<<NFT'fed and hQ the right tQ gr.nt &Od
COl'1'Vey \t\e Propeny and UlaIIn8 Propen)' Is unencumbered, except '01 encumbrances ot f&CQrc1 Bouowet wanant' and wID
def.oo generaDy the 00810 tI'te PfOf*IY against all dalm:s and d..-natlC13, S&.tbJect to any .neumbrances 01 rfICord.
THJS SECURIlY INSTRUUENT combines l.W\ilonn COVenantS to( nAIIena! u.sa and non-unil'orm CO'\Ienants with !Jmi1ed
v&tfatlons t7)' juIlsdk;\iOn to ecO$1i1ute A unilorm SKl.llity lnstNmen1 coYelll1g,.aJ pt~.
-
61
" Lend., Invoke' the POW" of ul., bnd., .h.n glv. wlln.n nolle. to Tru.1,. of U1, OCO;UrrlnU 01 .In '''',n' of If.l.uN and of
L,nd,,', .I.cuon 10 CIU" lhe Property 10 b, .old. T,y".. and l,nd., .hall '-Ill ludl Icllon r,glrdlng nol1u .,..1, ,rod .h,1l gtv.
.lIe" nolkn 10 Bon__r .nd 10 oLl'l., penon. II .ppllcable t.w may req'llll. An., the \lm. ,.qulr.d by .pplk.abI1l&w and .n.,
publication 01 thl nolle. 01 ...1., Tru.I.', without d.mand on borrower, .haU ,.IIIb, Prop.rty ,I pubJIc .lIcUen to ltIl hlgh.,t bidder
., thl \1m. .nd pilei end unde, UII I.rma d"'"n'lld In thl noUe. of ..I, In on. or mor' p.re:'I. Ind In UlY Old" Truet..
dll.onl,...., Ti""" may po.lponl ,.1, 0' the ProJl'ny tor I ,.,Iod or period. patrntned by appUubl. law by f"lbllc announcement
11th, lIm. .lineS pilei fb:ed In the nollel 0' ...Ie. Lind.' or h. d..l1Jn.. mey pt,Ire:ha.. tha Property alany ..I..
TIU.I.. .h.n deU.....I to the purch...r Tn...I.... d.ecS con.....Y'ng the Propcny wf1hout any co....ene"t or "".".nly. npn.ud or
ItnpUw. Th. ,"'tA/, In m. 1111.1.... dud .h.n ba p,llNIlacla .....!d.nu of th. trlrth of \ha .talamanlS mad. th.rlln. Trustee .h.n
.ppty the p,ou.da 01 tha ulaln the lollowing OId.r. (a) 10.11 a:r.pen... of the ..I..lncll..1dlng. but not rfmtted 10. reuo4'iab/. Tru.tu',
.nd Inorne.,.' I...; (b) 10 .11 .urnl ..cund by \hI. S.curtty In.lrumlnt. and (c) .ny .xu.. to \h. p.tlOn or p'tlon. legaJty In'l1J.d
10 II Of 10 Ih, c/..,lr 411 the .up.tlo, court of the county..... which \h. s.l.look plac..
22.. Recon.....y.nc.. Upon p.yment of .n lurnl .ecur.d by th'- S.curit)' lnslNm.nt. lend.r Ih.1 r~u,~ Ttu,Ju. Ie> tt1Cotl'tIry 1M
Prop.ttty .nd ,haD .urrander this Security Inlltumanl.,..<I ,Ii 1'\01., evkIlnc:lno dabl.~u,,<I by this Saeum-J lnaltumlntto 1""I'a.. 1rl,lll..
.hll" raconvey !h. Ptopet1y".ithovI "..,rant)" to the p.tlOf'! or p.r:aon. 1.-;i1any .ntltled to It. Sl,Ich pet.on Of ,.'ION ant-II PW1 any record.tlon
ccma aDOl'I'.d by .ppUc:sbl. law. .
23. Sub.tltut. Tru.t... In .ccord..nea with .ppllcabl. I.w, lend., rn.y Irom Iim. to tlm. .ppoint I II.lec:I.uOl' tl'VSlIllo Itrt 'TrUll..
.ppoW.d ~t.UM. w~o h.. c....d 10 t-ct. WlIhout ~tIYrJanc. ot tilt- Property, thl luec:eSlor trul'" Ihall I\,ICCled to IIR the title, POW"
Ind c!U'j.. cc,"'erred upon Trull.. h.r.in ....d by Ippllclbl. I.......
24. U... of ProperT)'. Th. Propett'J I. not uud princlPllly IOf a'iltk.,lItUlat 0' Ilfmlng pl,lrpo'."
2$. RIde,. 10 this Security In.trument. II Of'll Of tnOtl rid.t, Ifl IXKvtld by BottOYHI atld rlcolced 10000llhl/ with 1hla Slcurity
In.uumlnt, th. cov.nlnllll'ld "'iIr.em.nta 01 eadot .uch tId., than b. In(;Ofpor.ted Into .nd .half amend and ,upp1.m-.n1 :n. t"",.nanlJ. end
.;rumenll 01 thb S'CUtity In.tnJmlnt IS it thl rkl"(I) W"I . pari of !his S.curity Instrumont. [Ch.ck IpprlC4b~ box(..}J
XXI Adjustable Rale Rider
o Gradualed Paymenl RIder
o Bancon Rider
o Olher{s) (specify)
o Condominium Rider
o Planned Unit Development Rider
ORale tmprovement Rider
.Ul 1-4 Family Aider
o Biweekly Payment Rider
o Second Home Ride,
BY SIGNING BELOW, BORROWER accepts and agrees to the lerms and covenants conlalned In thiS Securit)'
lns:rvment and In arry rfc:er{S) executed by Borrower and tecordeCJ with It.
~~L#D8451fh2~~~3
KI'l'SAP CJ:M>1lNI1Y l'CI'Ictl ~'1
By:~ ~,~
La..-ry , tivel Director
STATE OF WASHINGTON
~~.~ ~'~~'~'~i~':~::::::~.!J~~:.~~.:. day of ....I?~.~~.,,~~.:r:.... . 19 ?~.... btl0l8 me ItIe undersigned, a NOlaI'{
pubrlC in and lor 1M Sune 01 Washington. duty commis:s!~ned and sworn, J.1ersonally ~ppeared ...............................
. Lax: t'X. .tY.e~... _~.~!!.c;;t.~ J..'!~. P~.r:~_<; .t.~.r....~ '?r.. .~!-. ~ ='.~ p.. .~?~.~!'.~ ~X..~.~ ~.~?~. .~.:~.~:.~~........................
to me known 10 be the fncfNfd1Jar(s}
."",."""".""""""",.""".",.,"',',.,",.",'."", """"".'""" ~
4~~in and who executed lhe 100egoing Instrument, and acknowledged to me ltlat.................... sIgned and
~:V$!~Iei:~~~lfi Instrument as ....~.~~............ tree anCl voruolaty act and deed, lor me uses and purposes the,ein
,. ~..molllQl!'l..t,..'1~
~ :? .:ii.) 0 T I W1n.;"Ii~ i hand and otficlalseal atfoced tile dilY aQ: IhIs cerofIcate above wrltlen.
1 .,"~. .xy'.'7- r;-) A
~ a.: : ~ y ~t a~
( : "'v~""",,,:ilon..p1,..: Pd..'fS "..,J.o..:>!/II. .. ...., ....,
l .. i"'u"'\.\~-- -" , ""..,.._IIr...._..".~~..
'llU'~;.... ..3~9~......~~.J .f.t, ~;1/t....:~.................~~~~.~~.~~I~WJ.........
t 't......_.........\t.2; ~~~
I" OF W~;,~"".;"
\\'\:".......----
REOUEST FOR RECONVEYANCE
TO lRUSTEE:
1M: underSigned Is tha holder OItha note Of 00111$ secured b'/ this Deed 01 Trusl. Said noIa ()( noles, IClge1her with aD
Om., ~.bledne" ucused by this Oeed Of Trust, have been paid In full. You.,a h....oy dlreeted 10 cancel said note ()(
notes and this Deed of Trust, which at. d.liv8t'ad hereby, and 10 ,.convey. will'loUt warrancy, .lIltle e.stala.now held by you
unci., this O.ed 01 Trust to lha person or persons legally entitled lharelo.
DATED:
By.............
.
.
//
E:<HIBJ:'I' . A .
Office File )10.: E-1C0624-2
D.E:SOUPTIOl:
Lots 1, 2, 3 ard 4, Block 4, Plat of Dietz's J\ddJ.tien to Br'Em;r1:o;\. as p>r plat in Volum
2 of Plats, Page 57, records of K1tsap =ty, Wash1rytr:n, = perti=l.ar1y Ces<::::-lled ""
folla.-s:
'!bat j:Crticn of Bled< 4 in tha Plat of Dietz's J\ddJ.tien to tha = of Br'etertal, >= plat
in Velure 2, Page 57, records of K1tsap =ty, Wash1rytr:n, "=" pa..---t:1aUary Ces<::::-lled os
foJ.J.o;;s:
&!ginnirq at tha Souttleast =>= of said Block 4, ..tUch is the inte..rsecti<:n of tha West
wa..-gin of Broad'oay Street with the ~ n-axgin of Eighth Street: then::e West al.cng the
S::uth line of said Bled< 4, a dista=e of 121 feet to tha So.rt:l-.-st =nor of l.ot 4 of
said Block; then::e N:lrth alcrq the west: line of said l.ot 4 ard its l<:rrtter1y extensU:n, ".
dista=e of 1m feet to a point en the CEnterline of vacated alley: then::e East alcr1g sa1.d
CEnterline of all.,..!, a dl..starce of 121 feet to tha West n-axgin of Erocdway street; 1:hen::a
S::uth al.crg last said n-axgin of street, a dista=e of 1m feet to tre Point of Eeginnfrg.
A.F_#: 94~2~2D027
REEL 0840 FR ~464
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