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AMENDED EXHIBIT D
<br /> Form of
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST, made this day of , 2016, by and among
<br /> HOUSING HOPE, GRANTOR, whose address is 5830 Evergreen Way, Everett, WA 98204,
<br /> OLD REPUBLIC TITLE COMPANY, a Washington corporation, ("Trustee"), whose address is
<br /> 19020-33rd Ave. W., Suite 360, Lynnwood, WA 98036, and the City of Everett, a municipal
<br /> corporation of the State of Washington (the "City") , ("Grantee" or "Beneficiary"), whose
<br /> address is 2930 Wetmore Ave., Suite 8A, Everett, WA 98201.
<br /> WITNESSETH: Grantor hereby bargains, sells and conveys to Trustee in Trust, with power
<br /> of sale, the real property in Snohomish County, Washington described in Attachment 1
<br /> attached hereto and incorporated herein by this reference ("the Premises"), which real
<br /> property is not used principally for agricultural or farming purposes, together with all the
<br /> tenements, hereditaments, and appurtenances now or hereafter thereunto belonging or in
<br /> any wise appertaining, and the rents, issues and profits thereof (the "Property").
<br /> This Deed of Trust is for the purpose of securing performance of each agreement of Grantor
<br /> contained herein and in the Amended Loan Agreement between the Grantor and the
<br /> Beneficiary (hereinafter the "Loan Agreement") dated the day of
<br /> , 2016, and payment of the sum of Five Hundred Seventy-Three Thousand Two Hundred
<br /> Ninety-Eight Dollars ($573,298), in accordance with the terms of a promissory note of even
<br /> date herewith (the "Note"), payable to Beneficiary or order, made by Grantor, and all
<br /> renewals, modifications and extensions thereof, and also such further sums as may be
<br /> advanced or loaned by Beneficiary to Grantor, or any of their successors or assigns, together
<br /> with interest thereon at such rate as shall be agreed upon.
<br /> To protect the security of this Deed of Trust, Grantor covenants and agrees:
<br /> 1. To keep the Premises in good condition and repair; not to remove or demolish any
<br /> building thereon; to complete or restore promptly and in good and workmanlike manner any
<br /> building that may be constructed, damaged, or destroyed, and to pay when due all claims for
<br /> labor performed and materials furnished therefor; to comply with all laws affecting the
<br /> Premises or requiring any alterations or improvements to be made; not to commit or permit
<br /> waste thereof; not to commit, suffer, or permit any act upon the Premises in violation of law;
<br /> and to do all other acts which from the character or use of the Premises may be reasonably
<br /> necessary to preserve and conserve its value.
<br /> 2. To pay before delinquent all taxes, assessments and any other charges affecting
<br /> the Property when due; and to keep the Property free and clear of all other encumbrances,
<br /> charges, and liens impairing the security of this Deed of Trust, subject to the Grantor's right
<br /> to contest such taxes, assessments and other charges in good faith.
<br /> 3. To keep all buildings now or hereafter erected on the Property described herein
<br /> continuously insured against loss by fire or other hazards in an amount not less than the total
<br /> debt secured by this Deed of Trust. The Beneficiary shall be an additional insured under all
<br /> Amended Exhibit D
<br /> Housing Hope's Kennedy Court Improvement Project
<br /> Page 1 of 7
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