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Everett Gospel Mission 11/27/2024
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Everett Gospel Mission 11/27/2024
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Last modified
12/3/2024 3:45:45 PM
Creation date
12/3/2024 3:44:01 PM
Metadata
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Contracts
Contractor's Name
Everett Gospel Mission
Approval Date
11/27/2024
Council Approval Date
9/11/2024
End Date
12/31/2026
Department
Community Development
Department Project Manager
Julie Willie
Subject / Project Title
Covenant for EGM CDMH ILA Loan Agreement
Tracking Number
0004573
Total Compensation
$4,000,000.00
Contract Type
Real Property
Contract Subtype
Covenants
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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202411270368 <br />DEED OF TRUST <br />Rec: $309.50 <br />11/27/2024 3:18 PM 1 of 6 <br />SNOHOMISH COUNTY, <br />WA <br />Electronically Recorded <br />When Recorded, Return to: <br />CITY OF EVERETT <br />COMMUNITY DEVELOPMENT MANAGER <br />2930 Wetmore Ave., Suite 8A <br />Everett, WA 98201 <br />CTI-NCS-243745-SC <br />DEED OF TRUST <br />Grantor: EVERETT GOSPEL MISSION, <br />Grantee: CITY OF EVERETT <br />Legal Description: Ptn Block 19, J.S. Sines Acre Tracts, Vol 4, Page 11; Ptn <br />Goodson's Add to Everett, Vol 6, Page 7 in Snohomish <br />Lots 9-11, BIk 19, <br />County, WA <br />Assessor's Tax Parcel ID No(s): 005760-019-000-03; 004579-019-009 <br />-00 <br />Reference Nos. of Documents Released or Assigned: N/A <br />THIS DEED OF TRUST, made this 27th day of November 2024, is by and among <br />EVERETT GOSPEL MISSION, a Washington nonprofit corporation ("Grantor"), whose address is <br />2222 52nd Street, Everett WA 98203; CHICAGO TITLE INSURANCE COMPANY ("Trustee"), whose <br />address is 701 Fifth Avenue, Suite 2700, Seattle, WA 98104; and the CITY OF EVERETT, a <br />municipal corporation of the State of Washington, whose address is 2930 Wetmore Avenue, <br />Suite 8B, Everett, WA 98201 ("Beneficiary" or the "City"). This Deed of Trust secures the <br />performance by Grantor of the Loan Agreement between the Grantor and City dated November <br />7, 2024 (the "Loan Agreement"). <br />WITNESSETH: Grantor hereby bargains, sells and conveys to Trustee in Trust, with <br />power of sale, the real properties in Snohomish County, Washington described in Exhibit 1 <br />attached hereto and incorporated herein by this reference (the "Premises"), which real <br />properties are not used principally for agricultural or farming purposes, together with all the <br />tenements, hereditaments, and appurtenances now or hereafter thereunto belonging or in any <br />wise appertaining, and the rents, issues and profits thereof (the "Property"). <br />Deed of Trust <br />Page 1 <br />
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