Laserfiche WebLink
Request for Full Reconveyance <br /> To: Rainier Title <br /> Pursuant to that certain City of Everett HOME Subrecipient Agreement executed by the City of <br /> Everett, Washington (the "City"), on July 7, 1999, and the Housing Authority of the City of Everett (the <br /> "Authority")on July 28, 1999,the City lent the Authority$950,000(the"Loan")to fmance the Authority's <br /> acquisition of the Twelve Pines Apartments in Everett, Washington (the "Project"). The Loan was <br /> evidenced by a Promissory Note dated August 5, 1999(the"Note"), and was secured by that certain Deed <br /> of Trust dated as of August 5, 1999, granted by the Authority in favor of the City, and filed with the <br /> Snohomish County Auditor on August 6, 1999,Auditor's File No. 199908060127. On the date hereof,the <br /> City has forgiven all principal of and accrued interest on the Note and hereby terminates any and all <br /> instruments securing or otherwise relating to the Note and the Loan. <br /> The Note and all other indebtedness secured by the Deed of Trust having been fully forgiven and <br /> deemed satisfied are herewith surrendered to you for cancellation and reconveyance. <br /> You are therefore requested, upon payment of all sums owing to you, to reconvey, in full <br /> satisfaction and without warranty,to the person(s)entitled thereto,the right,title and interest now held by <br /> you in and to the property identified on Exhibit A attached to the Deed of Trust, and to terminate the <br /> assignment of rents made by the Deed of Trust. <br /> BENEFICIARY: CITY OF EVERETT,a first-class city of the State of <br /> ;I:T: <br /> lt#1/641°Vt <br /> phanson <br /> Title:May• <br /> Approved as to Form: <br /> By: /r-ti lJ 7a2 <br /> Name: im Iles <br /> Title:City Attorney <br /> Attest: <br /> By: 410.U J <br /> Name: Sharon Fuller <br /> Title:City Clerk <br /> 51610761.1 <br />