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2024 CDBG Subrecipient Agreement <br />Deed of Trust <br />Exhibit "E" <br />GRANTOR FURTHER AGREES: <br />1. Grantor will perform each and every obligation contained in the Agreement and any amendments <br />thereto. <br />2. Grantor will ensure that the Property will remain available pursuant to the terms of the foregoing <br />Agreement. ' Low Income" means gross annual household income (at the time of initial <br />occupancy) is not more than eighty percent (80%) of the annual median income for the Seattle - <br />Bellevue -Everett metropolitan statistical area, adjusted for household size, as estimated from <br />time to time by the U.S. Department of Housing & Urban Development (HUD). <br />3. If Grantor shall fail to perform any obligation hereunder and Beneficiary elects to perform the <br />same and expends any monies therefore, such expenditure shall be deemed in addition to the <br />amount secured by this deed of trust and be immediately due and payable in accordance with the <br />Loan documents. <br />4. If Grantor fails to make payment on the sum secured hereunder when due, or defaults under the <br />terms of the foregoing Agreement, the whole indebtedness secured thereby shall be due and <br />payable in accordance with the Loan Documents and Beneficiary may proceed to foreclose this <br />Deed of Trust. If Beneficiary shall incur any costs and expenses, including reasonable attorneys' <br />fees and costs of any title reports, in connection with the performance of any of its rights <br />hereunder including foreclosure, such costs and expenditures shall remain secured by this Deed <br />of Trust and be immediately due and payable by Grantor. <br />[THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY.] <br />Pace 5 of 8 <br />