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2023 CDBG Subrecipient Agreement <br />Deed of Trust <br />Exhibit “E” <br /> <br />Page 1 of 7 <br /> <br /> <br /> <br />Deed of Trust <br /> <br /> <br />THIS DEED OF TRUST, made as of ___________________, among the Click or tap here to enter text.of <br />Snohomish County, a Washington non-profit corporation, (‘’GRANTOR”), (‘’AGENCY”) whose address is <br />Click or tap here to enter text., Click or tap here to enter text.; and Rainer title Company, (“TRUSTEE’’), <br />whose address is 2722 Colby Avenue, Everett, WA 98201; and City of Everett, a municipal corporation, <br />(“ GRANTEE”),(‘’ BENEFICIARY’’) , whose address is 2930 Wetmore Avenue, Suite 8A, Everett, WA 98201. <br /> <br />WITNESSETH: Grantor hereby bargains, sells and conveys to Trustee in Trust, with power of sale, the real <br />property in City of Everett, Washington described below: <br /> <br />APN: Click or tap here to enter text. <br /> <br />Click or tap here to enter text. <br /> <br />Situate in the County of Snohomish, State of Washington <br /> <br />Commonly Known As: <br /> <br />Click or tap here to enter text., Click or tap here to enter text. <br /> <br />which real property together with the improvements now or hereafter constructed thereon is not used <br />principally for agricultural or farming purposes, together with all the tenements, hereditaments, and <br />appurtenances now or hereafter thereunto belonging or in any wise appertaining, and the rents, issues <br />and profits thereof (the “Property”). <br /> <br />This Deed of Trust is for the purpose of securing performance of each agreement of Grantor herein <br />contained, and in the City of Everett Loan Agreement between Grantor and the Beneficiary (hereinafter <br />the “ Agreement”) dated as of ________________________, and payment of $ Click or tap here to enter <br />text. (Click or tap here to enter text.) in accordance with the terms of a Promissory Note of even date <br />herewith (the “Note”) and the Agreement, payable to Beneficiary or order, and all renewals, <br />modifications and extensions thereof, and also such further sums as may be advanced or loaned by <br />Beneficiary to Grantor, or its successors or assigns, together with interest thereon at such rate as shall be <br />agreed upon. To protect the security of this Deed of Trust, Grantor covenants and agrees: <br /> <br />1. To keep the Property in good condition and repair; to commit or to permit no waste thereof; to <br />complete any building, structure or improvement being built or about to be built thereon; to <br />restore promptly any building, structure or improvement thereon which may be damaged or <br />destroyed; to pay when due all claims for labor performed and materials furnished; and to comply <br />with all laws, ordinances, regulations, covenants, conditions and restrictions affecting the <br />Property. <br /> <br />2. To pay before delinquent all lawful taxes and assessments and any other charges upon or affecting <br />the Property when due; and to keep the Property free and clear of all other charges, liens or