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<br /> Record Date:8/25/2020 3:46 PM Snohomish County, WA
<br /> which real property is not used principally for agricultural or farming purposes, together with all the tenements,
<br /> hereditaments, and appurtenances now or hereafter thereunto belonging or in any wise appertaining, and the
<br /> rents,issues,and profits thereof.
<br /> This Deed of Trust is for the purpose of securing performance of each agreement of Grantor(s)contained in this
<br /> Deed of Trust, and payment of the sum of ninety thousand two hundred and seventy-two dollars and 50/100
<br /> U.S. Dollars ($90,272.50), with interest, in accordance with the terms of a promissory note of even date
<br /> herewith, payable to Beneficiary or order, and made by Grantor(s), and all renewals, modifications, and
<br /> extensions thereof, and also such further sums as may be advanced or loaned by Beneficiary to Grantor(s), or
<br /> any of Grantor(s)' successors or assigns,together with interest thereon at such rate as shall be agreed upon.
<br /> DUE DATE: The entire balance of the promissory note secured by this Deed of Trust,together with any and all
<br /> interest accrued thereon, shall be due and payable in full on (A)December 31,2024 or(B) the date the Grantor
<br /> leases,transfers, or sells any portion of the real property described in this security instrument or any living unit
<br /> located on such property,whichever of(A)or(B)occurs first.
<br /> To protect the security of this Deed of Trust,Grantor(s)covenant(s) and agree(s):
<br /> I. To keep the property in good condition and repair;to permit no waste thereof;to complete any building,
<br /> structure,or improvement being built or about to be built thereon;to restore promptly any building,
<br /> structure,or improvement thereon which may be damaged or destroyed;and to comply with all laws,
<br /> ordinances,regulations,covenants,conditions,and restrictions affecting the property.
<br /> 2. To pay before delinquent all lawful taxes and assessments upon the property;to keep the property free and
<br /> clear of all other charges,liens,or encumbrances impairing the security of this Deed of Trust,
<br /> 3. To keep all buildings now or hereafter erected on the property described herein continuously insured against
<br /> loss by fire or other hazards in an amount not less than the total debt secured by this Deed of Trust. All
<br /> policies shall be held by the Beneficiary, and be in such companies as the Beneficiary may approve and
<br /> have loss payable first to the Beneficiary,as its interest may appear,and then to the Grantor(s). The amount
<br /> collected under any insurance policy may be applied upon any indebtedness hereby secured in such order as
<br /> the Beneficiary shall determine. Such application by the Beneficiary shall not cause discontinuance of any
<br /> proceedings to foreclose this Deed of Trust. In the event of foreclosure, all rights of'the Grantor(s) in
<br /> insurance policies then in force shall pass to the purchaser at the foreclosure sale.
<br /> 4. To defend any action or proceeding purporting to affect the security hereof or the rights or powers of
<br /> Beneficiary or'Trustee,and to pay all costs and expenses,including cost of title search and attorney's fees in
<br /> a reasonable amount, in any such action or proceeding,and in any suit brought by Beneficiary to foreclose
<br /> this Deed of Trust.
<br /> 5, To pay all costs, fees, and expenses in connection with this Deed of Trust, including the expenses of the
<br /> Trustee incurred in enforcing the obligation secured hereby and Trustee's and attorney's fees actually
<br /> incurred,as provided by statute.
<br /> 6. Should Grantor(s)fail to pay when due any taxes,assessments,insurance premiums,liens,encumbrances,or
<br /> other charges against the property hereinabove described,Beneficiary may pay the same,and the amount so
<br /> paid,with interest at the rate set forth in the note secured hereby,shall be added to and become a part of the
<br /> debt secured in this Deed of Trust.
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