My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2007/12/05 Council Agenda Packet
>
Council Agenda Packets
>
2007
>
2007/12/05 Council Agenda Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/20/2017 10:04:30 AM
Creation date
3/20/2017 10:03:42 AM
Metadata
Fields
Template:
Council Agenda Packet
Date
12/5/2007
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
194
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Y <br /> Trustee's fee and attorneys' fee; (2) to the obligation secured by this Deed of Trust; and (3) the <br /> surplus, if any, shall be distributed to the persons entitled thereto. <br /> 5. Trustee shall deliver to the purchaser at the sale its deed, without warranty, which <br /> shall convey to the purchaser the interest in the Property which Grantor had or had the power to <br /> convey at the time of its execution of this Deed of Trust, and such as it may have acquired <br /> thereafter. Trustee's deed shall recite the facts showing that the sale was conducted in <br /> compliance with all the requirements of law and of this Deed of Trust, which recital shall be <br /> prima facie evidence of such compliance and conclusive evidence thereof in favor of bona fide <br /> purchasers and encumbrancers for value. <br /> 6. The power of sale conferred by this Deed of Trust and by the Deed of Trust Act of <br /> the State of Washington is not an exclusive remedy; Beneficiary may cause this Deed of Trust <br /> to be foreclosed as a mortgage. <br /> 7. In the event of the death, incapacity, disability or resignation of Trustee, Beneficiary <br /> may appoint in writing a successor trustee, and upon the recording of such appointment in the <br /> mortgage records of the county in which this Deed of Trust is recorded, the successor trustee <br /> shall be vested with all powers of the original trustee. The Trustee is not obligated to notify any <br /> party hereto of pending sale under any other Deed of Trust or of any action or proceeding in <br /> which. Grantor, Trustee or Beneficiary shall be a party unless such action or proceeding is <br /> brought by the Trustee. <br /> 8. This Deed of Trust applies to and inures to the benefit of, and is binding not only on <br /> the parties hereto, but on their heirs, devisees, legatees, administrators, executors and assigns. <br /> The term Beneficiary shall mean the holder and owner of the note secured hereby, whether or <br /> not named as Beneficiary herein. <br /> GRANTOR FURTHER AGREES: <br /> 1. Grantor will perform each and every obligation contained in the HOME Agreement <br /> and any amendments thereof. <br /> 2. Grantor will charge rent to tenants of the Premises described herein according to the <br /> (i) Rent Restriction Provisions contained in Attachment A to the HOME Agreement and (ii) the <br /> Use Restriction Covenant Agreement attached as Attachment G to the HOME Agreement and <br /> to be recorded against the Property. <br /> 3. Grantor will ensure that the Property will remain affordable pursuant to the terms of <br /> the foregoing HOME Agreement without regard to the term of any other deed of trust or the <br /> transfer of ownership, for not less than the term of this Deed of Trust, except that, upon <br /> foreclosure of,the Property described herein by another lender or other transfer in lieu of such a <br /> foreclosure, the affordability period of this Deed of Trust shall be terminated if that foreclosure <br /> or other transfer recognizes any contractual or legal rights of public agencies, nonprofit <br /> sponsors, or others to take actions that would avoid the termination of low-income affordability. <br /> However, the affordability restrictions of this Deed of Trust shall be revived according to the <br /> original terms set forth herein if, during the period hereunder, the owner of record before <br /> foreclosure under any other deed of trust or deed of trust or other transfer, or any entity that <br /> includes the former owner or those with whom the former owner has or had family business <br /> B-3 <br /> 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.