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AFN 201412290798 - Deed of Trust.pdf"*22"""Q PGS Q12912N 4:37pm $B2 00 RE`CURN ADDRESS: SNOHONISN COUNTY, ASH1NGiON l eritage Bank �-Gapstruction Lending PO BOX 1578 Olyrehpia, WA 98507 ••',,.--•�ll��lu��u��lpll��f�llfi�� j �� I�� I � �� I�! �� I �I ! ��I � �! �� DEED OF TRUST I, T 5 Q DATE: December 15, 20.1'4• Reference # (if apRlicable).: Additional on page Grantor(s): 1. Neuman, Predaric'.15 2• Neuman, NancyrL (D Grantee(s) :`; '` 1. Heritage Bank ti n 2. CW TITLE, Trusteq Legal Description: POR NW QTR SEC 7A'T2 rN' R3E WM SNOHOMISH COUNTY Additional on page 2 Assessor's Tax Parcel ID#. 27032400204100 ■ THIS DEED OF TRUST is dated December..?5, 20.14, arh'onq Nancy L Neuman and Frederick D Neuman, wife and husband, whose address is' 150_.7' MUKILTEO LN, Mukilteo, WA 98275 Q 0 ("Grantor"); Heritage Bank, whose mailin4. address is Construction Lending, PO BOX 1578, Olympia, WA 98507 (referred to below sometimes•,•,as "Lender" and sometimes as y1 "Beneficiary"); and CW TITLE, whose mailing..adtifrpss is 19401 40TH AVE W STE 140, O LYNNWOOD, WA 98036 (referred to below as "Tru9tee'. .4 .,.,.. C • 4 •55 M15 - x. 1' El DEED OF TRUST (Continued) Page .CONHEYANCE AND GRART. For valuable consideration, Grantor conveys to Trustee in trust with power of sale, right bf entrx_and pg'ssessltin and.for the benefit of Lender as Beneficiary, all of Grantor's right, title, and interest in and to the followinS' described real property, together with all existing or subsequently erected or affixed buildings, provaments and fixtures,,• -all easements, rights of way, and appurtenances, all water, water rights and ditch rights (i ncliltYlfig stock in utihh.es w+t1r'ddch or irrigation rights); and all other rights, royalties, androfits relating to the real property„ancludinq`WrfhoLf limtatton all minerals, oil, gas, geothermal and similar matters, (tthe "Real Property") locatepc3 in SKOHOMISH,.Cota:nty, State of Washington: THE' SOUTH 5Q. FEI^T bF THE FOLLOWING DESCRIBED TRACT: ak COMM NGINIG AT AAO' INT OF INTERSECTION OF THE EAST LINE OF THE COUNTY ROAD'"fH T4 S.E TION LINE BETWEEN SECTIONS 23 AND 24, TOWNSHIP 27 NORTH, RANGE 3 EAST„1NILLAMIrTTE MERIDIAN, AS THE TRUE POINT OF BEGINNING; THENCE SOUTH ALONG S'L,11D SECTION LINE 194.3 FEET; THENCE Ai-`2Ili'HT ANGLE, EAST 20 FEET; THENCE SOUTH 3,d°38'.50” WEST 'a00 FEET; THENCE AT R1GHT...ANG'L•ES,.•NORTHWESTERLY 120 FEET TO THE EAST LINE OF SAID COUNTY ROAM THENCE AT RIIJKT•4N.GLES.:N.ORTHERLY ALONG SAID EAST LINE OF SAID COUNTY ROAD TO THE TRUE.PbIN_T-6F,•13EQINNING; (BEING A PORTION' -.OF GOV.E-R49M�-NT LOT 1, SECTION 23, TOWNSHIP 27 NORTH, RANGE 3 EAST, WILLAMETTE MRIDEAN); .•, SITUATE IN THE CItY '.OF' EDIYAO.N'bS, .. COUNTY OF SNOHOMISH, STATE OF WASHINGTON. The (teal Property or its address , is commonly known as 390 SUNSET AVE NORTH, EDMONDS, WA 98020. The Real-Properfy tax identifioation number is 27032400204100. Grantor hereby assigns as security to Lend§r,• fill of Grantor's rj jht, title, and interest in and to all leases, Rents, and profits of the Property. This assignment is recorded in acCdfdance with RCVV 65.08.070, the lien created by this assignment is intended to be specific, perfected and choate-Upon the.recor'ding of this Deed of Trust. Lender grants to Grantor a license to collect the Rents and profits, which licenae may be revoked at Lender's option and shall be automatically revoked upon acceleration of all or part.of thg•-tndebtednes$. In addition, Grantor grants to Lender a Uniform Commercial Code security interest in the Pefsonal Property and Rents. THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND.THE SECURITY INTEREST IN THE RENTS AND PERSONAL PROPERTY, IS GIVEN TO SECURE (A) P;4YME0 OF THr INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS UNDER THE NOTE, THE RELATED. -60 CUiNENTs, AND THIS DEED OF TRUST THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWlN1 TAMS: PAYMENT AND PERFORMANCE. Except as otherwise provided'in thls'Deed of Trust. Grantor shall pay to Lender all amounts secured by this Deed of Trust as they become due, and 5+iall sl�hctly and in a timely manner perform all of Grantors obligations under the Note, this Deed of Trust, and the Related.Docurrtents, POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees that..Qr. ntor's possession and use of the Property shall be governed by the following provisions Possession and Use. Until the occurrence of an Event of Default„-Grant9r..rpay'•;(1) remain in possession and control of the Property; (2) use, operate or manage the Propertyj'andr'(3) collect the Rents from the Property (this privilege is a license from Lender to Grantor automatically revoked upon, default). The following provisions relate to the use of the Property or to other limitations on the Property.. The Raaf Property Is not used principally for agricultural purposes. Duty to Maintain. Grantor shall maintain the Property in tenamalal egppJ$on'and promptly perform all repairs, replacements, and maintenance necessary to preserve its value. Compliance With Environmental Laws Grantor represents and warrants to Lender thaf. (1)': During the period of Grantor's ownership of the Property, there has been no use, generation, manufae,ttiure;' storage, treatment, disposal, release or threatened release of any Hazardous Substance by any person'gn, under, a 6ut,or from the Property; (2) Grantor has no knowledge of, or reason to believe that there has been, except as . prwiously:-disclosed to and acknowledged by Lender in writing, (a) any breach or violation of any Epvirpm�neLPG Laws;” • (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release. -of any,.iiaZardcips Substance on, under, about or from the Property by any prior owners or occupants of the property; or;' (c) any actual or threatened litigation or claims of any kind by any person relating to such matters,, and-•'(3�-•Except-'as.prewously disclosed to and acknowledged by Lender in writing, (a) neither Grantor nor any tertaht, Gdntractgr, agent or other authorized user of the Property shall use, generate, manufacture, store, treat, dispose of or re(ease,eny Hazardous Substance on, under, about or from the Property; and (b) any such activity shall be candugt6d iq.complIibnce with all applicable federal, state, and local laws, regulations and ordinances, including' without linr on all Environmental Laws Grantor authorizes Lender and Its agents to enter upon the Property ld make••such inspections and tests, at Grantor's expense, as Lender may opera appropriate to determine cdmpl(ence of 'the Property with this section of the Deed of Trust Any inspections or tests made by Lender, shall.be for.L•eoder'.s purposes only and shall not be construed to create any responsibility or liabIlty on the part of Lender to d anior or to any other person. The representations and warranties contained herein are based on Grantor,"; dye'dM'q&ce di investigating the Property for Hazardous Substances. Grantor hereby (1) releases and waives.anyivfuftje claims against Lender for indemnity or contribution in the event Grantor becomes liable for cleanup or Qther,do&ts ur deo any such laws; and (2) agrees to indemnify, defend, and hold harmless Lender against any and atl,claims,'.losses, liabilities, damages, penalties, and expenses which Lender may directly or indirectly sustain or suffertes+jlting•from Q S 7 CD h I n Q r H DEED OF TRUST (Continued) Page r • ••ti. a 1prdnt'dt of.this section of the Deed of Trust or as a consequence of any use, generation, manufacture, storage, disposal, rebase or threatened release occurring prior to Grantor's ownership or interest in the Property, whether br not'the barna WAs or, should have been known to Grantor The provisions of this section of the Deed of Trust, including jhe•obligation Ut Indemnify and defend, shall survive the payment of the Indebtedness and the satisfaction and recphveyance of -ti of this Deed of Trust and shall not be affected by Lender's acquisition of any interest •iu.the'property, whither 4Y foreclosure or otherwise. Nuisance, Vyaste•,:••'grantor shall not cause, conduct or permit any nuisance nor commit, permit, or suffer any stritiping pf'or waste on or to'.the Properly or any portion of the Property. Without limiting the generality of the foregorpg, Gragtor will r(6t refndye, or grant to any other party the right to remove, any timber, minerals (including oil and•gas)„coal, clay, scoria, soil, gravel or rock products without Lenders prior written consent Removal ,.nf Imprbverrrgrits`. Grantor shall not demolish or remove any Improvements from the Real Property without,Lender's pnor written consent As a condition to the removal of any Improvements, Lender may require Grantor fo,Fnake arrangerpents satisfactory to Lender to replace such Improvements with Improvements of at least equal value. Lender's Rightto jrhtes' --Len der Apd Lender's agents and representatives may enter upon the Real Property at all reasonable times to:'atter ' ..tp Lender's interests and to inspect the Real Property for purposes of Grantor's comptiance with the terms and°conditions of.this Deed of Trust Compliance with :Go rnmental Requi&ments. Grantor shall promptly comply, and shall promptly cause compliance by all:?gentei-tenaKts gr`gtYier,•persons or entities of every nature whatsoever who rent, lease or otherwise use or oCqupy the, Property in :any manner, with all laws, ordinances, and regulations, now or hereafter in effect, of all govetigtppptel actr ies applicable to the use or occupancy of the Property, including without limitation, the Americans WIIfi Disabilities Act Grantor may contest in good faith any such law, ordinance, or regulation and withhold cornphanP6 dur6g any proceeding, including appropriate appeals, so long as Grantor has notified Lender in writing•prior••to doing so and so long as, in Lender's sole opinion, Lender's interests in the Property are not jeopardized.- `Ler 666 'Mdy'rpqune Grantor to post adequate security or a surety bond, reasonably satisfactory to Lender, to protect Lender's. interest Duty to Protect Grantor agrees neither to abandon•tir l"ye unattended the Property Grantor shall do all other acts, in addition to those acts �,-t fdrth'abov9-1h this sectori, which from the character and use of the Property are reasonably necessary to protect phi presepSe the Prope.rfy. TAXES AND LIENS The following pro4is)ons celahng,to the taxes and liens on the Property are part of this Deed of Trust. Payment. Grantor shall pay when due'(and Lrr all events prior tp'deltnquency) all taxes, special taxes, assessments, charges (including water and sewer), fines and impositions.levied against or on account of the Property, and shall pay when due all claims for work done on or for servtcea'rendered ol, material furnished to the Property. Grantor shall maintain the Property free of all hens having priecity over pr-,equal'-jo the interest of Lender under this Deed of Trust, except for the lien of taxes and assessments not dye artJ except as otherwise provided in this Deed of Trust. Right to Contest. Grantor may withhold paymegt of apy tax:.assessr4nt, or claim in connection with a good faith dispute over the obligation to pay, so long as Lender's iolprq�st in li Property is not jeopardized If a lien arises or is filed as a result of nonpayment, Grantor shall Svil in fifteen (1.5) days after the lien arises or, if a lien is filed, within fifteen (15) days after Grantor has notice oli the filing.:sepure•the discharge of the lion, or if requested by Lender, deposit with Lender cash or a sufficient corporate -surety bond cr tither security satisfactory to Lender in an amount sufficient to discharge the lien plus any costs and attorneys'. -fees, 'or other charges that could accrue as a result of a foreclosure or sale under the lien. In any conlest,,.Grantor shall defend itself and Lender and shall satisfy any adverse judgment before enforcement against the Property.' Grantor shall name Lender as an additional obligee Under any surety bond furnished in the contest procleediingS.• Evidence of Payment. Grantor shall upon demand furnish to Lender satisfadfory•eviderce of payment of the taxes or asse,sments and shall authorize the appropriate gcvernmehtaJ,.offlciafio deliver.to Lender at any time a written statement of the taxes and assessments against the Property. Notice bf Construction. Grantor shall notify Lender at least fifteen.j15),&ys before any work is commenced, any services are furnished, or any materials are supplied to the Property, if any mechanic's lien, materialmen's lien, or other lien could be asserted on account of the work, services, or matefh;iis ahitl the' -cost exceeds $1,000.00. Grantor will upon request of Lender furnish to Lender advance assurances satisfaafory to: Lender that Grantor can and will pay the cost of such improvements •••••- PROPERTY DAMAGE INSURANCE. The following provisions relating to insuring the Prpperty,.a're'e part of this Deed of Trust Maintenance of Insurance. Grantor shall procure and maintain policies of -fire i61iurance w'ith-'&tandard extended coverage endorsements on a replacement basis for the full insurable value covering ap:lmpr6veriVnts on the Real Property in an amount sufficient to avoid application of any coinsurance clause, apa wttfi a standard mortgagee Clause rn favor of Lender. Grantor shall also procure and maintain comprehensih)v,general liability insurance in such coverage amounts as Lender may request with Trustee and Lender being named,.as additGAI insdreds in such liability insurance policies. Additionally, Grantor shall maintain such other Insurance, loci but .¢tot limited to hazard, business interruption, and boder insurance, as Lender may reasonably requite:` ishall i e'written in form, amounts, coverages and basis reasonably acceptable to Lender and issued 'by,.a•compahy:or companies reasonably acceptable to Lender. Grantor, upon request of Lender, will deliver to Lepder from time to�•time the policies or certificates of insurance In form satisfactory to Lender, including stipulations•tha•t co 4irages,dvill not be cancelled or diminished without at least thirty (30) days prior written notice to Lender Each_rnsuran'o6 paltry. also shall include an endorsement providing that coverage in favor of Lender will not he impaired;in any,Any'by' any act, omission or default of Grantor or any other person Should the Real Property be located in•sn,area.'designated by the Administrator of the Federal Emergency Management Agency as a special flood hazard area, Grantor Agrees tq obtain and maintain Federal Flood Insurance, if available, within 45 days after notice is given i Leueer'that tha Property is located in a special flood hazard area, for the full unpaid principal balance of the loan d.nd 6ny.prior liens on the property securing the loan, up to the maximum policy limits set under the National Flood In�urahc� rogram,,.- or as otherwise required by Lender, and to maintain such insurance for the term of the loan. Application of Proceeds. Grantor shall promptly notify Lender of any loss or damage to the Propehy,.rf`the % DEED OF TRUST (Continued) Page 4 estimated ' cost of repair or replacement exceeds st000 eO- Lender may make proof of loss if Grantor fails to d sd within fifteen 15, 1 a (i �-Iec4on, rg of the casualty. Whether or not Lender's security is mparred, tender may, at Lender's plain the proceeds of any insurance and apply the proceeds to the reduction of the payment of any lien affecting the Property, or the restoration and repair of the Properly. if Lender elects t" P-` the: ZZ Fe restoration and repair, Grantor shall repair or replace the damaged or destroyed Jlo-� Uhtsyll, .1 mariner to Lender Lender shall, upon satisfactory proof of such expenditure, pay or reimburse Grant6Wfro��'ihe proceeds for the reasonable cost of repair or restoration if Grantor is not in default uncipf'this P Trust. Any proceeds in s which have not been disbursed with180 days after their receipt and l t w h In '�"�'er has no'l,coiaqet,1�1�dd i Trust, repair or restoration of the Property shad be used first to pay any amount ow re .16 Liandi under und � s 0. 'us, , then to pay accrued interest, and the remainder- if any, shall be applied to tP;e principal the: Indebtedness If Lender holds any proceeds after payment in full of the Indebted.nL5s, such ptlt;eeK5 5} 611 be paid without interest to Grantor as Grantor's interests may appear. Grantor's Report or, Lfnsurante. Upon request of Lender, however not more than once a year. Grantor shall furnish to Lender. -A' report on -itch ch existing policy of insurance showing (1) the name of the insurer, (2) the risks insured, (3) Ahe amdunt-crill-the policy, (4) the property insured, the then current replacement value of such property, and the rrran(i4 fnn of cet�inimg that value, and (5) the expiration date of the policy. Grantor shall, upon request of Leidjri`.' have an.toopehijent appraiser satisfactory to Lender determine the cash value replacement cost of the Property. LENDER'S EXPENDITURES.;' if any'- @ctlion or p.io-c'e'edrng is commenced that would materially affect Lender's interest in the Property or if Grantpr fars.to colm4ly Wfth',any)rovision of this Deed of Trust or any Related Documents, including but not limited to Granfqr's failure to diKha'rge,-or pay when due any amounts Grantor is required to discharge or pay (D under this Deed of Trust ofany. j4ela� Dcqu�ments, Lender an Grantor's behalf may (but shall not be obligated to) take any action that Lender deJns '�ppfbinnaW:' including but not limited to discharging or paying all taxes, liens, security (D interests, encumbrances anq oth& clain)s, levied or placed on the Property and paying all costs for insuring, maintaining and preserving th6 Property Alt. such '�xpendrtures incurred or paid by Lender for such purposes will then (D bear interest at the rate charg&l uhdpf'YNL1.t41&te. fircirn the date incurred or paid by Lender to the date of repayment by Grantor, All such expenses will become a pqrt icf 6e Indebtedness and, at Lender's option, will (A) be payable on demand; (B) be added to the baianca-,6f-1hE;Note r' and -be' apportioned among and be payable with any installment payments to become due during erfoer: (1).-Ihe terrin of-diny Applicable insurance policy; or (2) the remaining term of in the Note; or (C) be treated as a b2119on'"paymenif'whilit'In wilt,15e due and payable at the Note's maturity The Deed of (D Trust also will secure payment of thesd @mqung. 'Such.right shall be in addition to all other rights and remedies to which Lender may be entitled upon Default.- 0 WARRANTY; DEFENSE OF TITLE. The fcilo4Nil PrG4'sioris relating to�.qwnersrrp of the Property are a part of this Deed of Trust: Title. Grantor warrantc, that: (a) Grantbf holds good andaliarketabli title of record to the Property in fee simple, free and clear of all liens and encumbrances other tha ' n"finose set foilh in the Real Property description or in any title insurance policy, title report, or final title opinion' issued. in'-Javcr'.,of, and accepted by, Lender in connection with this Deed of Trust, and (b) Grantor has the full rrght,.pDwer,:ancl authority to execute and deliver this Deed of Trust to Lender. 0 Defense of Title. Subject to the exception in t . �,e pa ra . "ailbovez - Grantor warrants and will forever defend the title to the Property against the lawful claims of all persons in thd event any action or proceeding is commenced that questions Grantor's title or the interest of Trustee or Lend , qF,6ndqr this Deed of Trust, Grantor shall defend the action at Grantor's expense. Grantor may be the rib-minal pa-rrisb&`Proceedi ing, but Lender shall be entitled to participate in the proceeding and to be represented W-f�rty e pf;ceedng Gy. counsel of Lender's own choice, and Grantor will deliver, or cause to be delivered. to Lender sucl.i instrunNiNts a� Lender may request from time to time to permit such participation. Compliance With Laws. Grantor warrants that the Property kd,.13rantc.,F's use of the Property complies with all existing applicable law„4, ordinances, and regulations of governmental au4thorLUes... (D Survival of Representations and Warranties All represent atirms w6rrxilties, and -agreements made by Grantor in this Deed of Trust shall survive the execution and delivery of this Deed of " rk4st, shall be continuing in nature, and V) shall remain in full force and effect until such time as Grantor's Incleiredr,gsis shall bi paid in full CU CONDEMNATION. The fc)IiQwing provisions relating to condemnation pr : b-ceebri are apart - of this Deed of Trust: (D Proceedings. If any proceeding in condemnation is filed, Granton; sQ1oromp . t . ly.-)n . otify Lender in writing, and Grantor shall promptly take such steps as may be necessary to defdRd the �ctigrf'ancl obtain the award Grantor may be the nominal party in such proceeding, but Lender shall be entill6d1d patticipat.elm the proceeding and to be represented in the proceeding by counsel of its own choice all at Grantcr.�;'expy.ns . e, an'd Grantor will deliver or cause to be delivered to Lender such instruments and documentation as m , by be:eeque-Bled by: Lender from time to time to permit such participation. Application of Net Proceeds. If all or any part of the Property is condemned -by. -em inept' do ' rifira in proceedings or by any proceeding or purchase in lieu of condemnation, Lender may at its election:'requirti thal or.6irty portion of the not proceeds of the award be applied to the Indebtedness or the repair or re�ktoratron-`cf the Property The net proceeds of the award shall mean the award after payment of all reasonable costs., 6x'pens67aricl attorneys' fees incurred by Trustee or Lender in connection with the condemnation. IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAL AUTHORITIES. Th0-fclldiw'ing p.cpvisrons relating to governmental taxes, fees and charges are a part of this Dead of Trust: Current Taxes, Fees and Charges. Upon request by Lender, Grantor shall execute such decurqehts in 4dditic, to this Deed ofTrust and take whatever other action is requested by Lender to perfect ardlboiid -eer' , s " lien on the Real Pro perty Grantor shall reimburse Lender for all taxes, as described below, tog0her wirth.arl"expeil incurred in recording, perfecting or continuing this Deed of Trust, including without limi uf` taxes, fees, documentary stamps, and other charges for recording or registering this Deed of Trust. Taxes. The following shall constitute taxes to which this section applies: (1 ) a specific tax upou thm,ty pe q Deed of Trust or upon all or any part of the Indebtedness secured by this Deed of Trust, (2) !.a s' edfic tax on Grantor which Grantor is authorized or required to deduct from payments on the Indebtedness sequ -60his' - P.P.- of Deed of Trust, (3) a tax on this type of Deed of Trust chargeable against the Lender or the holder cf..t , .0 te, and (4) A specific tax on all or any portion of the Indebtedness or on payments of principal and ini rest made by III �� II II VIII VIII I IIIII'I DEED OF TRUST (Continued) Page 5 ' +GranYtih, Subsequent!Taxes,.••If;any tax to which this section applies is enacted subsequent to the date of this Deed of 7ruSE, this,'eyerlt''shall ave the same effect as an Event of Default, and Lender may exercise any or all of d5 avadable.fetnedies for art. Event of Default as provided below unless Grantor either (1) pays the tax before it becomes delinqu.rjt;%, 12) contests the tax as provided above in the Taxes and Liens section and deposits with lender Gdsh or a surety bond or other security satisfactory to Lender. SECURITY AGRkEMEWi; FINANCING STATEMENTS. The following provisions relating to this Deed of Trust as a seruntyiagreement are a part&,t.his.Deed of Trust: Secuolty Agreement. TFiis i strument shall constitute a Security Agreement to the extent any of the Property constitutes•fixtures;'aaa.h'e}nd.er shall have all of the rights of a secured party under the Uniform Commercial Code as amer:led frgne i timto' tinip."" Security Interest .•Upon Fequest by Lender, Grantor shall take whatever action is requested by Lender to perfect and continue Lprnder's.4ecurijy. interest in the Rents and Personal Property. In addition to recording this Deed of Trust in the :real prpperty"record�, Lender may, at any time and without further authorization from Grantor, file executed cournterl copies or reproductions of this Deed of Trust as a financing statement. Grantor shall Q reimburse Lender for all erp'enSes incurred in perfecting or continuing this security interest Upon default, Grantor shall not remove, fever br detach the Personal Property from the Property Upon default, Grantor shall assemble any Personal Property lot affixgd to the Property in a manner and at a place reasonably convenient to Grantor and Lender and make q availabte to'Lendelfv$thin`three (3) days after receipt of written demand from Lender to the T extent permitted by`gippleable law. Addresses.The mailing• addr•esses..of•Grantor (debtor) and Lender (secured party) from which information concerning the security intgeest gratited•,by-this Deed of Trust may be obtained (each as required by the Uniform (D Commercial Code) are as stated can the first page of this Deed of Trust. FURTHER ASSURANCES; ATTOKNPY-fN=FACT. '-.The following provisions relating to further assurances and attorney-in-fact are a part of this Deed of Tr6st- i Further Assurances. At any time, and from time to Bine, upon request of Lender, Grantor will make, execute and in deliver, or will cause to be made, executed or•deh.v&ed, EQ. -Lander or to Lender's designee, and when requested by Lender, cause to be filed, record4d., refiled;'or rerecorded, as the case may be, at such times and In such offices and places as Lender may deem approprlate,•any and'all such mortgages, deeds of trust, security deeds, security agreements, financing statements,'•eontm6tion statements, instruments of further assurance, certificates, and other documents as may, in the sale opinion of:Cender, be necessary or desirable in order to effectuate, complete, perfect, continue, or preserve (1) '�ranlar's obligations ugeFer'the Note, this Deed of Trust, and the Related Documents, and (2) the liens and securill interests creatsd by this Deed of Trust as first and prior liens on the Property, whether now owned or hereafter acquired by grantor. Unless prohibited by law or Lender agrees to the contrary in writing, Grantor shall reimburse Lender faf all cgst�; and' -,expenses incurred in connection with the matters referred to in this paragraph. Attorney -in -Fact. If Grantor fails to do any of *16 things. ieferredrto in .the preceding paragraph, Lender may do so for and in the name of Grantor and at Grantor'e,expeprse. Fgri p6rposes, Grantor hereby irrevocably appoints f" fi Lender as Grantor's attorney-in-fact for the purpose of makirig, executing, delivering, filing, recording, and doing all other things as may be necessary or desirable, iri-Lender's sole..dpinion, to accomplish the matters referred to in the preceding paragraph. r,.....'.. FULL PERFORMANCE. If Grantor pays all the Indebtedness when due, and otherwise performs all the obligations 0 imposed upon Grantor under this Deed of Trust, Lender shall execufe'tard' deliver to Trustee a request for full reconveyance and shall execute and deliver to Grantor suitable staterAnts of termination of any financing statement on file evidencing Lender's security interest in the Rents and the P¢rsorial Property,• Any reconveyance fee shall be paid by Grantor, if permitted by applicable law The granteein any reconveyad'ce may be described as the "person or persons legally entitled thereto and the recitals in the reconveyance ol, any matters orT Al%. shall be conclusive proof of the truthfulness of any such matters or facts ...... V) EVENTS OF DEFAULT. Each of the following, at Lender's option, shall donstttut'e'• ri Evart of Default under this Deed CU of Trust: Payment Default. Grantor fails to make any payment when due under fila Indebfedfiess,. Other Defaults. Grantor fads to comply with or to perform any .•other term, obligation, covenant or condition contained in this Deed of Trust or in any of the Related Documents•or...to•'cof+iply wi or to perform any term, obligation, covenant or condition contained in any other agreement between Lender aril Gra•n]or. 4 Compliance Default. Failure to comply with any other term, obligation, dovenaht or.•,condition contained in this Deed of Trust, the Note or in any of the Related Documents,1.. •` Default on Other Payments Failure of Grantor within the time required by thii ofrTrusl-lo make any payment for taxes or insurance, or any other payment necessary to prevent filing of or to effept disuharge raf.any lien. Default in Favor of Third Parties. Should Grantor default under any loan, exterWn of credit; -eecunly agreement. purchase or sales agreement or any other agreement, in favor of any other creditpr or i .that may materially affect any of Grantor's property or Grantor's ability to repay the Indebtedness or Qrantor's abdrEq•to perform Grantors obligations under this Deed of Trust or any of the Related Documents False Statements. Any warranty, representation or statement made or furnished t¢ Lendi by'Grantbr or on Grantor's behalf under this Deed of Trust or the Related Documents is false or misleading it) any'materhbl respect, either now or at the time made or furnished or becomes false or misleading at any time thereafter. Defective Collateralization. This Deed of Trust or any of the Related Documents ceasesito bQ.'fn.#ill force and effect (including failure of any collateral document to create a valid and perfected security kite'rest'or lien} -at arty time and for any reason Death or Insolvency, The death of any Grantor, the insolvency of Grantor, the appointment of a re�eiGkr for any part of Grantor's property, any assignment for the benefit of creditors, any type of creditor+,workodt, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor,', _ byti Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether })ucial ' ll II II ' II'll III I II ll DEED OF TRUST (Continued) Page 6 r'' ••5. proe2Lt{ing, self-help, repossession or any other method, by any creditor of Grantor or by any governmental agency against'propeRy„securing the Indebtedness. This includes a garnishment of any of Grantor's accounts, ;t,.acco'Gnts, with Lender. However, this Event of Default shall not apply if there is a good faith includif g d�pasi 61ipute by pian'for as ta.the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceed+'ng,and if grantor gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender mercies or a stifety..bond for the creditor or forfeiture proceeding in an amount determined by Lender, in its sale discreticn;1asbeinc an adequate reserve or bond for the dispute. Brgach of,dther 'Agreement. Any breach by Grantor under the terms of any other agreement between Grantor and Lenller,that is Trot reme(fie�I.Vyft.hin any grace period provided therein, including without limitation any agreement conocrning any indebtedness 'or other obligation of Grantor to Lender, whether existing now or later Events AIfectinq.•Guaiari c}, 5'Any of the preceding events occurs with respect to any guarantor, endorser, surety, or accornmedation p8rty of.any of the Indebtedness or any guarantor, endorser, surety, or accommodation party dies or beeomes.-fhcompetenl, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness, ,• Adverse Change.,•�'A,.material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payr-h'ent•'or performance of the Indebtedness is impaired. RIGHTS AND REMEDIE$ ON.•IJEPAULT.; if an E4,(Mt of Default occurs under this Deed of Trust, at any time thereafter, Trustee or Lender may exercise anyone or more Athe following rights and remedies. Election of RemeW s. Election by Lender fo'pursue any remedy shall not exclude pursuit of any other remedy, and 4 V an election to makE`qxpendtturey'or to take action to perform an obligation of Grantor under this Deed of Trust, ��R after Grantor's failure fb"pe'rTocrh, shalAot affect Lender's right to declare a default and exercise its remedies. M V Accelerate Indebtedness. •L`ender•shall tiave the right at its option to declare the entire Indebtedness immediately due and payable, mcluding.anyPrepayment penalty which Grantor would be required to pay. `y Foreclosure. With respect -46 SII or any.part of':the Real Property, the Trustee shall have the right to exercise its power of sale and to foreclgse by.notiL-e and sale,; and Lender shall have the right to foreclose by judicial foreclosure, in either case In a�cordancewith and to: the full. extent provided by applicable law n UCC Remedies. With respect`tq, all or any"part' of th"Personal Property, Lender shall have all the rights and remedies of a secured party under.the Upiforrn•Comme'rcial Code Collect Rents. Lehder shall have' '•t(te right, witbtout notice to Grantor to take possession of and manage the Property and colleot the Rents, inclurj g' ampCmts past due anA' unpaid, and apply the net proceeds, over and above Lender's costs, against the Indpbtedrless In furtherapce 'of this right, Lender may require any tenant or other user of the Property to make payrnehts of rent or use'fees ddectly to Lender If the Rents are collected by Lender, then Grantor irrevocably designates Lender as Grantor's attorhey-m-fact to endorse instruments received in payment thereof in the name of Grantor and to negotiate the same and- .collect the proceeds Payments by tenants or other users to Lemder in response to Lender's demand s�rall s�hsfy )he obligations for which the payments are made, whether or not any proper grounds for.Ae demand exi8ted ;Lender may exercise its rights under this subparagraph either in person, by agent, or thmi a r`?Wver f” fi Appoint Receiver. Lender shall have the right 04iave a. reeeiver appointed to take possession of all or any part of the Property, with the power to protect and preserve the Property, to operate the Property preceding or pending foreclosure or sale, and to collect the Rents from the Prope rty.'ar}d.afiply,the proceeds, over and above the cost of the receivership, ardainst the Indebtedness The receiver'may-'serve without bond if permitted by law. Lender's right to the appointment of a receiver shall exist whether of not the.apparent value of the Property exceeds the Indebtedness by a substantial amount. Employment by LendeP shalh not; disqualify a person from serving as a receiver. mTenancy at Sufferance. If Grantor remains in possession. of The"Property after the Property is sold as provided V above or Lender otherwise becomes entitled to possesslori•.of the Prppert)r'"p n. default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser ohha.Rrtipetty and shAll, at Lender's option, either (1) V) pay a reasonable rental for the use of the Property, or (2) vacate the Prgperty a irnediately upon the demand of Lender. CUm Other Remedies. Trustee or Lender shall have any other right or reedy provided in this Deed of Trust or the Note Mor available at law or in equity. Notice of Sale. Lender shall give Grantor reasonable notice of the hm@ and place•'bf any.{ ubhc sale of the Personal Property or of the time after which any private sale or other intended dlsposit& of the Personal Property is to be made. Reasonable notice shall mean notice given at least ten (10) days before the'time.df the sale or disposition. Any sale of the Personal Property may be made in conjunction with any sale of the Repi'Propgrty. Sale of the Property. To the extent permitted by applicable law, Grantor Hereby waives any and all rights to have the Property marshalled In exercising its rights and remedies, the Trustee ortender sktall Od free to sell all or any part of the Property together or separately, in one sale or by separate sales f ender'sha4Pbe e%tt sd to bid at any public sale on all or any portion of the Property. ti.•` Attorneys' Fees; Expenses. If Lender institutes any suit or action to enforce airy of the terms of -this Deed of Trust, Lender shall be entitled to recover such sum as the court may adjudge reasbnable as .attorneys'-9Qes at trial and upon any appeal Whether or not any court action is involved, and to the extent pot prohLbited by law, all reasonable expenses Lender incurs that in Lender's opinion are necessary at any tirxle for the protection of its interest or the enforcement of its rights shall become a part of the Indebtedness payable on,clemand and shall bear interest at the Noto rate from the date of the expenditure until repaid. Expenses covered'4by this' paragraph include, without limitation, however subject to any limits under applicable law, Lender's attorneys', fees and-'Lander's' legal expenses, whether or not there is a lawsuit, including attorneys' fees and expenses for bankrLiptW proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and any anfipii: ated post-Iwrigmeht collection services, the cost of searching records, obtaining title reports (including foreclosure reports): sgrveyor6' reports, and appraisal fees, title insurance, and fees for the Trustee, to the extent permitted py applicable law Grantor also will pay any court costs, in addition to all other sums provided by law .L r. Rights of Trustee. Trustee shall have all of the rights and duties of Lender as set forth in this section POWERS AND OBLIGATIONS OF TRUSTEE. The following provisions relating to the powers and obligatidms•n-f TAstee DEED OF TRUST (Continued) Page 7 (pursuarrt'70, Lender's instructions) are part of this Deed of Trust: Powers of Trustee,.•ln•addition to all powers of Trustee arising as a matter of law, Trustee shall have the power to take'fhe fjlcxWipg actions with respect to the Property upon the written request of Lender and Grantor: (a) )orn in preparing'and filing a mdp or plat of the Real Property, including the dedication of streets or other rights to the publics (Lf)•'join in• granting any easement or creating any restriction on the Real Property, and (c) join in any 'Suliordip�tion or other agreement affecting this Deed of Trust or the interest of Lender under this Deed of Trust ObI.4kions..1l 6fify." Trustee shall not be obligated to notify any other party of a pending sale under any other trust deed or lien, or of,o y,.action or proceeding in which Grantor, Lender, or Trustee shall be a party, unless required by appi law, tir,L'hiess the action or proceeding Is brought by Trustee. Trustee. .T'r'ustee' 'shahl raaeet1all,-qualifications required for Trustee under applicable law. In addition to the rights and remedies pelt forth• above; "wdh respect to all or any part of the Property, the Trustee shall have the right to foreclose byiiotice-and sale, and Lender shall have the right to foreclose by judicial foreclosure, in either case in accordanbe vnth4nd 1:06e full extent provided by applicable law. Successor Trustee., Lepeer, at•Lender's option, may from time to time appoint a successor Trustee to any Trustee appointed under,fbis,0eed of Trust by an instrument executed and acknowledged by Lender and recorded in the office of the recorder of 2Pi0H0MI$H County, State of Washington. The instrument shall contain, In addition to all other matters required py state laver, the names of the original Lender. Trustee, and Grantor, the book and page or the Auditor's File:Nur4ber where this Deed of Trust is recorded, and the name and address of the successor trustee, and the instrument shMfb�.'exebuted and acknowledged by Lender or its successors in interest The (D upon trustee, Y�ithout'convepance o_f'& Property, shall succeed to all the title, power, and duties conferred __1h govern the Trustee in ll~is,Qeed.0f TrusF and by applicable law This procedure for substitution of Trustee shall govern to the exclusion of all.dther (}rovisions for substitution. NOTICES. Subject to applicabler law,--and except'for notice required or allowed by law to be given in another manner, any notice regwred to be given un'ief.t6us Reed of Trust, including without hmitabon any notice of default and any notice of sale shall be given in'wrrting, anti shall be effective when actually delivered, when actually received by telefacsimile (unless otherwise required,b.y Ia%*j'when deposried with a nationally recognized overnight courier, or, if mailed, when deposited in the United States+mad, ap'first.&ss;.oertlfied or registered mall postage prepaid, directed to in the addresses shown near the begi4ping-of this Pted•of Trust.' All copies of notices of foreclosure from the holder of any lien which has priority over this b@ed of TrustGhall be.-sent to Lender's address, as shown near the beginning of this Deed of Trust. Any party may change-'its Gres r.f6r notices under this Deed of Trust by giving formal written notice to the other parties, specifying ttjat th- purpose of the notice is to change the party's address For notice purposes, Grantor agrees to keep Lender intbrmed a'f all times of Graptor's current address Subject to applicable law, and except for notice required or allowed by ]a" to be given in angthersmanner, if there is more than one Grantor, any notice given by Lender to any Grantor is deeizted to be notice given to all Qrantors DUE ON SALE. The property shall not be transferred with) the Benefeiary's prior written consent. The following shall be considered "transfers" for purposes of this part agraprl•'whether. occurring voluntarily, involuntarily, or by operation of law. (a) The sale (by contract or otherwise), conveyance? or oq,6e trangfer of the property or any part of or interest in the O property; and ti f"t (b) The creation of any encumbrance against or upon the property, anjh' (c) If Grantor is a corporation, the transfer of more than tweQty.i ve percent (25%) of its voting shares, and (d) If Grantor is a general or limited partnership, the transfer of.Irnore tfaa.n twenty five percent (25%) of the general partners' interests (including any transfer of more than twenty,'five •perce.kt (2!5%) of the voting shares of any single general partner or group of general partners owing such percentage)' m�Any such transfer without Beneficiary's prior written consent'shati ivo'nstitute an event of default under this Deed of ►V Trust and shall give to Beneficiary the right to declare all suras secured '-by•ti'rrg'1Deed of Trust immediately due and I payable. This right may be exercised at any time after a transfer. 'Accepfanee of one or more monthly payments on the V) Note secured by this Deed of Trust from a party other than Grantor shall not copst{iute f-be waiver of Beneficiary's right fh under this paragraph This provision shall apply to each and every sale,Aransfer, conveyance or encumbrance whether CU or not Beneficiary has consented or waived its rights, whether by action or non-action it connection with any prior sale, m— transfer, conveyance or encumbrance, whether one or more If Beneficiary, declaregAhq.sums secured hereby to be t y immediately due and payable in accordance with this paragraph, and gt:antor falls to pay such sums. Beneficiary may exercise any and all rights to sell the property in accordance with covenaritg of this X06 of Trust. Not withstanding the foregoing, Beneficiary will allow a Small Business Association"(SBA)•'504, ¢second lien) which shall not be considered a "transfer" for the purpose of this paragraph. At Beneficiary's sole option, after approving the credit worthiness of the proposed purghasers, Beneficiary may consent to a sale, conveyance or transfer of said property. If Beneficiary consents to, a,transfer''othe than as defined in subparagraph (b) above, Grantor shall pay Beneficiary a fee equal to one percent (1%) of ting thanpaid unbalance of the Note secured by this Deed of Trust and Beneficiary may increase the interest rate andlor'inar-qin on thie'Npte secured by this Deed of Trust. k' MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Deed of.. ust Amendments. This Deed of Trust, together with any Related Documents, constitutee`tho-entire u.nderstabding and agreement of the partes as to the matters set forth in this Deed of Trust. No alterat!6 of or'ame'ndnri to this Deed of Trust shall be effective unless given in writing and signed by the party or parties $ought-to be pharged or bound by the alteration or amendment. Annual Reports. If the Property is used for purposes other than Grantor's residence, Granto,•'shalf`furnisll Lender, upon request, a certified statement of net operating income received from the Property during Grontofs previous fiscal year in such form and detail as Lender shall require "Net operating income" shall meanall;cas¢ receipts from the Property less all cash expenditures made in connection with the operation of the'Propert�. Caption Headings. Caption headings in this Deed of Trust are for convenience purposes only and :,are not to.be used to interpret or define the provisions of this Deed of Trust. r Merger. There shall be no merger of the interest or estate created by this Deed of Trust with any otktf�rjntei or DEED OF TRUST (Continued) Page 8 ea. awsp tthe Property at any time held by or for the benefit of Lender in any capacity, without the written consent Of Len¢er. .' .Goygintng_r pvV_,`This heed of Trust will be governed by federal law applicable to Lender and, to the extent not preempted by federal lathe laws of the State of Washington without regard to its conflicts of law provisions. This -ed of Tr .:.n accepted by Lender in the State of Washington. Choice of Ven4e. '1. It th2re is a lawsuit, Grantor agrees upon Lender's request to submit to the jurisdiction of the court's of Thurstol Si'pte of Washington. Joint and'Several Liabtl{fy,,.•l�fi'.obIlgaticns of Grantor under this Deed of Trust shall be joint and several, and all references to'Grantor shall;mean each and every Grantor This means that each Grantor signing below is responsible for all.db'lrgahthi9,m t is Deed of Trust. No Waiver by. Lender: Lender shall not be deemed to have waived any rights under this Deed of Trust unless such waiver is.1�wen in.vvriting.and signed by Lender No delay or omission on the part of Lender in exorcising any right shall operate as•a wa'iv& of.aUch right or any other right. A waiver by Lender of a provision of this Deed of Trust shall not prejudice,. -or ronsUtute,a waiver of Lender's right otherwise to demand strict compliance with that provision or any.•6the provision of this Deed of Trust No prior waiver by Lender, nor any course of dealing between Lencef and GrantoF:5hallicenstttule a waiver of any of Lender's rights or of any of Grantor's obligations as to any future trdnsagtions..; Wht?never the consent of Lender is required under this Deed of Trust, the granting of such consent by Le6der in any.instan�e shall not constitute continuing consent to subsequent instances where such consent is required -and in all casts a,ucih,Zmnsent may be granted or withheld in the sole discretion of Lender Severability. If a cdttrt of competent jurisdiction finds any provision of this Deed of Trust to he illegal, invalid, or unenforceable as to arITTOYson'or cirpdmstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any,rother pd�son•or..arcumstance, If feasible, the offending provision shall be considered modified sthat it beton legpl','valid:.and enforceable If the offending provision cannot be so modified, it shall be considered deleted from i iis,Deed ' f. Trust unless otherwise required by law, the illegality, invalidity, or unenforceability of any provfsiorr of thi's.Dead of Trust shall not affect the legality, validity or enforceability of any other provision of this Deed of -,Trust..., Successors and Assigns. Sul?gect'to any limitations''statec:in this Deed of Trust on transfer of Grantor's interest, in m this Deed of Trust shall be b ri iigg upon a,rd inure to the benefit of the partes, their successors and assigns. If t V ownership of the Property becomgs vested in.a leersnn'other than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with reference to this Deed of Trust and the Indebtedness by way of forbearance or /-� •the o V extension without releasing Grantor fromtil.f a ions of this Deed of Trust or liability under the Indebtedness Time is of the Essence Time is of the essence in the performance'of this Deed of Trust. Waive Jury, All parties to this Deed of Trust hereby waiue'the right,to any Jury trial in any action, proceeding, or counterclaim brought by any party against any other party. ■ Waiver of Homestead Exemption. Grantor hereby.eelease��nd;waivgs all rights and benefits of the homestead exemption laws of the State of Washington as tp•all Indebtedncss:secueed by this Deed of Trust. DEFINITIONS. The following capitalized words and•terms shall have the fAllowing meanings when used in this Deed of f" fi Trust Unless specifically stated to the contrary, all ?efere cgs •to dollaramounts shall mean amounts in lawful money of the United States of America Words and terms uW in the singular shall include the plural, and the plural shall include the singular, as the context may require Words and terms not-tnthervise defined in this Deed of Trust shall have the meanings attributed to such terms in the Uniform'Ge KM1 Fcial Gode: Beneficiary, The word "Beneficiary" means Heritage Bank, and is•sLY6�essprs and assigns Borrower. The word "Borrower" means Frederick D Neuman ar d Nancy L; Neuman and includes all co-slgrers and m�co-makerg signing the Note and all their successors and assigns, `V Deed of Trust. The words "Deed of Trust" mean this Deed of Trurt`arndn> ",.rantor, Lender, and Trustee, and I includes without limitation all assignment and security inte'rest,.prdvislons relating to the Personal Property and V) Rents CU Default. The word "Default" means the Default set forth in this DeQd of.Trust iii the section titled "Default". — Environmental Laws. The words "Environmental Laws" mean :any :and all "stAte, -federal and local statutes, 4Vmregulations and ordinances relating to the protection of human `•health ar the o4irdnment, including without limitation the Comprehensive Environmental Response, Compensations and Uabj rfy Act„of 1980, as amended, 42 U.S C. Section 9601, of seq. ("CERCLA"), the Superfund Amendments''n'nd RtaauthQn2atign Act of 1986, Pub L No 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49 U S -C' Secttn 1 &0'1;ket seq , the Resource Conservation and Recovery Act, 42 U.S C. Section 6901, et seq , or othep appVable•state ar federal laws, rules, or regulations adopted pursuant thereto Event of Default The words "Event of Default" mean any of the events of default set forth .0 this Deed of Trust in the event.- of default section of this Deed of Trust Grantor. The word "Grantor" means Frederick D Neuman and Nancy L Neuman,.,. Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, pracQdmmo4ption party to Lender, including without limitation a guaranty of all or part of the Note. Hazardous Substances. The words "Hazardous Substances" mean materials that,..'because'of, •their .;quantity, concentration or physical, chemical or infectious characteristics, may cause or pose a•presefit or botential hazard to human health or the environment when improperly used, treated, stored, disposed of4gi nereefed, manufactured transported or otherwise handled. The words "Hazardous Substances” are used in their vq-ry brogrrest•eerrse•.and include without limitation any and all hazardous or toxic substances, materials or waste -as definQd by or listed under the Environmental Laws The term "Hazardous Substances" also includes, without ll i-vtaticri petroleum and petroleum by-products or any fraction thereof and asbestos Improvements. The word "Improvements" means all existing and future improvements, buildings,'strdctures, mobile homes affixed on the Real Property, facilities, additions, replacements and other con strr ctio'rr.a,rf,l he ileal.•". Property. _ Indebtedness. The word "Indebtedness" means all principal, interest, and other amounts, costs vtrnd'expenses ' r� DEED OF TRUST (Continued) Page 9 payable, under the Note or Related Documents, together with all renewals of, extensions of, modifications of, consoh�atiohs of and substitutions for the Note or Related Documents and any amounts expended or advanced by Lendef to ,disch�rg'e Grantor's obligations or expenses incurred by Trustee or Lender to enforce Grantor's 6b -i ations Ut4 & this Dded of Trust, together with interest on such amounts as provided in this Deed of Trust. Lender' The word?Let+dbrl means Heritage Bank, its successors and assigns Note.. The w.ord.''.•NoNF' means the promissory note dated December 15, 2014, In the original principal amc�iant of •$''7.4$;000.0(), from Grantor to Lender, together with all renewals of, extensions of, modifications of; refinancings of, corsDli�ations of, and substitutions for the promissory note or agreement Personal Property. The- wofds "Personal Property" mean all equipment, fixtures, and other articles of personal property now or W,}�afterw owned by Grantor, and now or hereafter attached or affixed to the Real Property, togethef with of aece5sion's,,'parts, and additions to, all replacements of, and all substitutions for, any of such property;,and'togetller with' all issues and profits thereon and proceeds (including without limitation all insurance proceeds Vi ref6cs of•premiums) from any sale or other disposition of the Property Property. The word.^Prc7perty" means collectively the Real Property and the Personal Property. Real Property:..Phe Words ;:Real Pipperty" mean the real property, interests and rights, as further described in this Deed of Trust. Related Documents. ;The wcl "Related' -Documents" mean all promissory notes, credit agreements, loan agreements, environmental%agreemepds';tslecufity agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all'r�ther instruments, agreements and documents, whether now or hereafter existing, executed in ( connection with the trnjebtodl provided, that guaranties are not "Related Documents" and are not secured by h this Deed of Trust. ; Rents. The word "Rents"meal all 'preseriband future rents, revenues, income, issues, royalties, profits, and ��R other benefits derived from.the'Praporty•�1.., `D Trustee. The word "Trustee!' means 'Cr Vv TITLE, whose mailing address is 19401 40TH AVE W STE 140, LYNNWOOD, WA 98036 andiany sI i or-5uccgssortrustees (711 EACH GRANTOR ACKNOWLEDGE&. HpVING READ !i' THE. -PROVISIONS OF THIS DEED OF TRUST, AND EACH GRANTOR AGREES TO ITS TERMS. Z, GRANTOR: GRANTOR: QQ S. R�hJ fill/I `�.......... E,rpz rrr' ¢ � 201ARy AF,� i X Frederick D Neuman � , , t? O _� z Q Nancy L N uman 11p�ftttOF,Vryfl�5``ti INDIVIDUAL ACKNOWLEDGIVIENT STATE OF ) SS COUNTY OFi�12" ) - rU� i.N On this day before me, the undersigned Notary Public, personally appeared:VrederlFk Q Neuman, personally known to me or proved to me on the basis of satisfactory evidence to be the individual described iiwho executed the Deed ID of Trust, and acknowledged that(gor she signed the Deed of Trust a is r her free I. and voluntary act and deed, for the uses and purposes therein mentioned n / Given under my hand and o is q��/7p� day off�?�7y/�/ By Residing aY��/G�T1'7Z%dLfvL�J Notary Public in and for the State of(dL/4" My comrpissigrr exprfes�.•1/ 27 r ' -11 Q h ID n (D V ti a ft a 7 7 CU DEED OF TRUST k . (Continued) Page 10 r'� •�5. INDIVIDUAL ACKNOWLEDGMENT STATE.OF..' rrr•JY�:Y ) ) SS COUNTY OF On this day before m@; ti'ie'un60kip6d Notary Public, personally appeared Nancy L Neuman, personally known to me or proved tome on•the bssis of satisfactory evidence to be the individual d scribed in and who executed the Deed of Trust, and a*nowledgsd'that h2 or he signed the Deed of the as his o her free and voluntary act and deed, for the uses and purposes therein rnAtione ` „111j1 fly. Given under my Ff9nd agd'offitial seal•S,hls Aday� of �p_�� 20 ©VON p"B t !ding a%-'7 9- #A Z % mmissioexpire Public m and fodState o - V si� 0 �•%� '�� , = !� oil, RI;QUE$T'•F0k FULL -,RECONVEYANCE To' , Trustae The undersigned is the legal owner 2nd holder'of,all indebtedness secured by this Deed of Trust You are hereby requested, upon payment of all sums dwmy-to you, to convey without warranty, to the persons entitled thereto, the right, title and interest now held by you br)ber trie Deed'of Trust, Date: Beneficiary: By: Its: serPro, Ver 14.4 0 024 Copr D+H USA CarporatiM 1997, 2014. All Rights Reserved. WA 1:1APPSlappslL SERP.RO1CF1lpPL1001:FC TR -19606 PR -7 • 5. 4