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Everett Gospel Mission 11/25/2024
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Everett Gospel Mission 11/25/2024
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Last modified
12/20/2024 11:05:38 AM
Creation date
12/20/2024 11:05:17 AM
Metadata
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Contracts
Contractor's Name
Everett Gospel Mission
Approval Date
11/25/2024
Council Approval Date
6/5/2024
End Date
12/31/2026
Department
Community Development
Department Project Manager
Kembra Landry
Subject / Project Title
Everett Gospel Mission Pallet Program Promissory Note, Deed, Covenant
Tracking Number
0004624
Total Compensation
$4,000,000.00
Contract Type
Agreement
Contract Subtype
Other Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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202411270368 <br /> DEED OF TRUST <br /> Rec:830950 <br /> 11272024 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 Lots 9-11,Blk 19, <br /> Goodson's Add to Everett,Vol 6, Page 7 in Snohomish County,WA <br /> Assessor's Tax Parcel ID No(s): 005760-019-000-03;004579-019-009-00 <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 52"d 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 Page 1 <br />
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