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File No.: NCS-952411-WA1 <br /> 26. The terms and provisions contained in the document entitled "Low Income Housing Covenant <br /> Agreement" recorded May 8, 2018 as Recording No. 201805080530 of Official Records, granted by <br /> HopeWorks Station Residential LLLP, a Washington limited liability limited partnership, in favor of <br /> Department of Commerce, a Washington department <br /> 27. The terms and provisions contained in the document entitled "Use Restriction Covenant Agreement" <br /> recorded May 8, 2018 as Recording No. 201805080531 of Official Records, granted by HopeWorks <br /> Station Residential LLLP, a Washington limited liability limited partnership, in favor of Snohomish <br /> County, a Washington political subdivision. <br /> 28. The terms and provisions contained in the document entitled "Use Restriction Covenant Agreement" <br /> recorded May 8, 2018 as Recording No. 201805080532 of Official Records, granted by HopeWorks o/ <br /> Station Residential LLLP, a Washington limited liability limited partnership, in favor of City of Everett, <br /> a Washington municipal corporation. <br /> 29. The terms and provisions contained in the document entitled "Agreement for Covenants and <br /> Restrictions" recorded May 8, 2018 as Recording No. 201805080533 of Official Records, granted by <br /> HopeWorks Station Residential LLLP, a Washington limited liability limited partnership, in favor of <br /> Federal Home Loan Bank of Des Moines and Banner Bank, a Washington state chartered commercial <br /> bank. <br /> 30. Deed of Trust and the terms and conditions thereof. <br /> Grantor/Trustor: HopeWorks Station Residential LLLP, a Washington limited <br /> liability limited partnership <br /> Grantee/Beneficiary: JPMorgan Chase Bank, N.A. <br /> Trustee: First American Title Insurance Company, a Nebraska corporation <br /> and its successors in trust and assigns <br /> Amount: $10,922,044.00 <br /> Recorded: May 8, 2018 <br /> Recording Information: 201805080534 <br /> The above deed of trust states that it is a construction deed of trust. <br /> The above deed of trust states that it secures a line of credit. Before the close of escrow, we require <br /> evidence satisfactory to us that(a)all checks, credit cards or other means of drawing upon the line <br /> of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit <br /> since the last transaction reflected in the lender's payoff demand, and (c)the borrower has in writing <br /> instructed the beneficiary to terminate the line of credit using such forms and following such <br /> procedures as may be required by the beneficiary. <br /> 31. A financing statement recorded May 8, 2018 as Recording No. 201805080535 of Official Records. <br /> Debtor: HopeWorks Station Residential LLLP <br /> Secured party: JPMorgan Chase Bank, N.A. <br /> 32. Deed of Trust and the terms and conditions thereof. <br /> Grantor/Trustor: HopeWorks Station Residential LLLP, a Washington limited <br /> This page is only a part of a 2016 ALTA®Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not <br /> valid without the Notice;the Commitment to Issue Policy;the Commitment Conditions;Schedule A;Schedule 8,Part I-Requirements,•Schedule 8,Part <br /> II-Exceptions <br /> Copyright 2006-2016 American Land Title Association.All rights reserved. <br /> The use of this Form(or any derivative thereof)is restricted to ALTA licensees and ALTA members in good standing as of the date of use.All other uses <br /> are prohibited. Reprinted under license from the American Land Title Association. <br /> Form 50003700(8-23-18) Page 9 of 14 ALTA Commitment for Title Insurance(8-1-16) <br /> Washington <br />