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5 � '�tl <br />h7 <br />H <br />C H <br />� �Hc !n <br />HZ� <br />K Q <br />H 77 <br />�H� <br />fA H <br />$ <br />H <br />O�� <br />��g <br />n• o <br />t'y� <br />h+ H <br />g�' <br />H <br />c� Cq !n <br />�C�7�j <br />�y <br />Nawc o( Project: <br />711� nud I l�th H�•�:�i I Crntcr <br />f,onstruction Site Address: <br />NWC 7Lh Avr. SB 6 712U� S[. S.F.. f:vrre[t, IdA <br />Perinit Reference: <br />llilllnw ll. bnr�;enb��ip. 51'111J I.OAN HI1. 00-2107 <br />ASSIGNI•IENT Uf fUNDS 10 111E CI1Y OF FVEItl:T1 <br />For: (describe improvemenls) <br />PURLIC IMPROVCMBtI'CS <br />Improvements to be installed per Cily standards by 19 <br />We liereby agree Uiat Uie swn of ��GII1'f•.I:N 'CIIOU5A^lU FIVIi lIUNDREU a Ntrir•.�rY ts 4o/]no <br />� UNUISIIURSP,D ACCOIIN'f <br />Uollars (E �A'S90'�"0 1 will bc hcld in -EscroM----1lccount <br />NU 1t1 SF.CIIRI7'Y PACIFIC BANK 41ASIIINC'fON, N.A. (IIBI'Cllld(CCP <br />referred to as "Oank'�) whose address is 1100 2nd Avenue, Seac[le, WA 98101 <br />, 111 lhC name 0f "'���l,�nr� ii. nursrNnr•.ac _ <br />to assure perforroance of the above-described improvemenLs and guarantee that <br />these funds will not be relcased without pr•ior wr•itten approval from tlie <br />Gity of Everett Public Works Uepartment (hereinafter referred to as <br />"City"). We agree that upon completion of ihc lnslalla H on o( the <br />above-described improvemenls per City standards and approval by the City, <br />the City will provide written notice to the �ank authorizing the release of <br />these fwids. 41e further ayrce that tliese funds will I�e relcased to lhe City <br />upon notice by the Cily LhaL Lhe inqn�ovemenls havc nol be�n inslalled per <br />Gity standards. <br />Provided furlher, huwever, that in the evcnL [he above-nescrtnca <br />� improvements are installed per City standards and a certificate of partiai <br />compllance is siyned hy Uie City, dien in Lhat event, we are further <br />instructeJ to relcase proyress paynients for Lhe ainomil of improvements <br />installed per C1ty standards and approved hy the City. lhc City shall have <br />first claim and pricn•ity lo Lhe remaininy balance of said sum <br />of r�/n Uolla s(b --r�/n- ----- 1. <br />S�flO <br />