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A coordinated utiflij, environinent which inaxitnizesioint wilitjopportunities to provide quality service for the citizens cif Edinonds
.................. ... ........... .................... I ..................................................... ... .......................
YOU WILL BE GIVEN A CONFIRMATION NUMBER BY EACH UTILITY ONCE
YOU HAVE INFORMED THEM OF YOUR PROJECT.
SITE ADDRESS:
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# P 005 /,- 2 0%-
Mary McAllister - 425.670-3216
You will need to provide PUD with a site plan and a completed New Service
Questionnaire.
PU G 1" T
SOUND
# 4, c, c 0"'�j-4-a cil
ENERGY
New Customer Construction
Call to verify gas availability and to coordinate service install. You will need to
Department - 1-888.321,7779
provide parcel number, contact phone number and mailing address.
's,
jro-n-tier
# 63
1M.Acurflc to the Now Frontier
You will need to provide Frontier with the location of your project, total tine
Jeremy Fallt - 425,263-4024
requirement, and the date in which service is required. A copy of your
You will need to provide Comcast with the location of your project, a copy of
Mike Fontenot 425,263-5482
your development and site plan (digital copy if available.) The date in which
service is required and a list of contact names, phone numbers & mailing
A 0
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Steve Dunphy -425,774-7769 ext. 110
You will need to provide OVWSD with the survey map of your site and
For customers in Olympic View Service Area
complete a development information form.
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Issued By:
(@- CHICAGO TITLE INSURANCE COMPANY
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
Roman Zaretski and Katerina Simonova
Guarantee/Certificate Number:
500023572
herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A
or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company's liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of
reliance upon the assurance herein set forth, but in no event shall the Company's liability exceed the liability amount
set forth in Schedule A.
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you
wish additional liability, or assurances other than as contained herein, please contact the Company for further information
as to the availability and cost.
Chicago Title Company
3002 Colby Avenue, Suite 200
Everett, WA 98201
Countersigned By:
Authorized Officer or Agent
Chicago Title Insurance Company
By:
President
Attest:
Secretary
s � , i N—. L
MAR 0 2X01'5
yf
J O C$: U'T6'--YH,
Subdivision Guarantee/Certificate Printed: 02.24.15 @ 11:12AM
Page 1 WA---SPS-1-15-500023572
-:x ' •.
GUARANTEE/CERTIFICATE NO. 500023572
Title Officer: Residential Unit
Chicago Title Company
3002 Colby Avenue, Suite 200
Everett, WA 98201
Fax: (866)827-8844
Main Phone: (425)258-3683
Email: snotitle@ctt.com
Liability
Premium
Tax
$1,000.00
$250.00
$0.00
Effective Date: February 19, 2015 at 08:OOAM
The assurances referred to on the face page are:
That, according to those public records which, under the recording laws, impart constructive notice of matter relative to
the following described property:
For APN/Parcel ID(s): 005492-000-005-00
Lot 5, Puget View Tracts, according to the plat thereof recorded in volume 12 of plats, page(s) 87,
records of Snohomish county, Washington.
Situate in the County of Snohomish, State of Washington.
Title to said real property is vested in:
Roman Zaretski and Katerina Simonova, husband and wife
subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their
priority.
END OF SCHEDULE A
Subdivision Guarantee/Certificate Printed: 02.24.15 @ 11:12AM
Page 2 WA---SPS-1-15-500023572
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500023572
SCHEDULE E
GENERAL EXCEPTIONS
A. Rights or claims of parties in possession, or claiming possession, not shown by the Public Records.
B. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land.
C. Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the
Public Records.
D. Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers' compensation, or
for services, labor, or material heretofore or hereafter furnished, all as imposed by law, and not shown by the
Public Records.
E. Taxes or special assessments which are not yet payable or which are not shown as existing liens by the Public
Records.
F. Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for
sewer, water, electricity, natural gas or other utilities, or for garbage collection and disposal not shown by the
Public Records.
G. Unpatented mining claims, and all rights relating thereto.
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
I. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes.
J. Water rights, claims or title to water.
K. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public
Records, or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires
of record for value the estate or interest or mortgage thereon covered by this Commitment.
Subdivision Guarantee/Certificate Printed: 02.24.15 @ 11:12AM
Page 3 WA--SPS-1-15-500023572
SCHEDULE E
(continued)
SPECIAL EXCEPTIONS
General taxes and Assessments have not been searched at this time. They will be searched upon request.
2. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Public Utility District No. 1 of Snohomish County
Purpose: estate Electric Distribution Line Facilities
Recording Date: January 2, 1980
Recording No.: 9001020052
Affects: East 10 feet of the North 10 feet
3. Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Plat of
Puget View Tracts:
Recording No: 858828
4. A deed of trust to secure an indebtedness in the amount shown below,
Amount:
$370,000.00
Dated:
September 8, 2014
Trustor/Grantor:
Roman Zaretski and Katerina Simonova, husband and wife
Trustee:
Northwest Trustee Services LLC
Beneficiary:
Wells Fargo Bank, N.A.
Loan No.:
0383435989
Recording Date:
September 12, 2014
Recording No.:
201409120603
The Company's liability for this report is limited to $1,000.00. This report is based on the Company's property
records, and no liability is assumed for items misindexed or not indexed in the public records, or for matters which
would be disclosed by an inquiry of the parties in possession or by an accurate survey or inspection of the
premises. This report and the legal description given herein are based upon information supplied by the applicant
as to the location and identification of the premises in question, and no liability is assumed for discrepancies
resulting therefrom. This report does not represent either a commitment to insure title, an examination of, or
opinion as to the sufficiency or effect of the matters shown, or an opinion as to the marketability of title to the
subject premises.
END OF SCHEDULE B
Subdivision Guarantee/Certificate Printed: 02.24.15 @ 11:12AM
Page 4 WA--SPS-1-15-500023572
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DISTRIBUTION EASEMENT / °/ �a� 7 YJ
THIS INDENTURE made this ....irr....Y...... day of .............. ... [ri+�..............,........... 19..�{ between
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hereinafter referred -to as Grantor, PUBLIC UTILITY DISTRICT N0, 1 OF SNOHOMISH COUNTY,.......:.._..._. �ab^•�"�
,
.,'fi.i•.........:............................................._. ......................, hereinafter. referred to Grantee: and
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.., hereinafter referred to as Mortgagee,'. WITNESSETH: " -
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WHEREAS, Grantor Is the owner of certain lands and promises situated in the County at ...:.......Snohomish .................................. •Iy
State o1 Washington, described as follows:
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Q Lot 5, Puget View Tracts, as per plat recorded in Volume 12 of Plats, records of Snohomish
b County, Washington; t'
F 'CO LESS portion rove ed for street (196th Street SW) on North.
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AND WHEREAS, Gran a Is desirous of acquiring certain rights and privileges across, over, under and upon the said lands and 1t
promises; �t
NOW, THEREFORE, Grantor, for and In consideration of the sum of ONE DOLLAR ($1.00) and other valuable consideration, receipt
,v of which is hereby acknowledged, hereby conveys and grants to Grantee, Its successors and assigns and its permittees and licensees, the
perpetual right, 'privilege, and authority to construct, erect, alter, improve, repair, operate and maintain, together with the right to convert to
.9 an underground system, an electric distribution line, consisting of a ee•••note •--below) line of poles and/or structures with necessary ' }.
braces, guys and anchors, and to place or allow or permit to be place and operated upon or suspend from such poles and/or structures, ,
'= distribution and signal wires, Insulators, cross -arms, transformers, telephone or telegraph communication wires, and other necessary or con• {
venient sppurtanancos, across, under, over and upon the following described lands and promises situated In the County of
t State of Washington, to -wit: {
y:
The East 10 feet of the North 10 feet of the above-described parcel. 1
,.' NO SAME TAX 1
„ REQUIRED .
DEC 311979
NOTE: For anchor location only.
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,r Together with tho right of Ingress to and egress from said lands across'ad)acent lands of the Grantor, for the purpose of constructing, '
rawnstructing, repairing, renewing, altering, changing, patrolling and operating sold line, and the right at any time to remove sold poles,
wires and appurtenances from said lands.
.. Also the right at all times to cut and/or trim all brush :timber, tress, or other growth standing or growing upon the lands of Grantor
.which, In the opinion of Grantee, constitute a menace or dange�;Io saidline or to persons or property by reason of proximity to said line.
Grantor and the halts, successors, or assigns of Grantor hereby covenant and agree not to construct.or permit to be constructed any strut.
tures'ofany. kind on,tho easement area without written approval of the Manager of the District.
1 { The Grantor and the heirs, successors or assigns ofjorantor covenant and agree not to do any blasting or discharge any explosives
Within.. .
>tith(n.a, d18tancii of throe hundred (300) tact of said like ithout giving reasoneblor notice in 'Writing 'to- the-Graiitod, .Its successors or
assigns, of intentloh so to do.
The rights, title, privileges and authority hereby granted shall continue to be In force until such time as the Grantee, Its successors,
! • r.i or assigns shall permanently remove said poles, wires and appurtenances from said lands, or shall otherwise permanently abandon said line,
which time all such rights, title, privileges and authority hereby granted shall terminate. I, I
iY possessed of thelandaforesaid; has a
7hoGrantor also covenants to and with the Grantee that'Gmntor is lawfully seized and
good and lawful right and power to sell and convey same; that same are free and clear of encumbrances, except as above Indicated; and
that Grantor will forever warrent and defend the title to said easement and the quiet. possessionthereof against the lawful'clalms and
11 demands of all persons whomsoever.
•.. t ._3.i Any.mortgago on sold lend hold by the Mortgagee Is hereby subordinated to the rights herein granted to the Grantee, but In all
other respects the said mortgage shall rerraln unimpaired.
- ,4t IN WITNESS WHEREOF, this Instrument has been executed the day and year first above written,'
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On this ��>7f dny o A�n�/'MI� Q_—,A.D.19'�,beforeme,theunderslsne`dva.Notary
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to me known to be the individuajwho executed the foregoing instrument as attorney in fact of: r¢ 4--e ;t
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�r t. therein described, and acknowledged to mo that .—She signed and scaled the said instrument (rd uZ'h tTw ri fggtii
for said principal, freely and voluntarily, for the uses and purposea therein mentioned, and id oath etofs d� ohXsgWor
of attorney authorizing the exccutiony,f this instrument has not been revoked and that the said
t1 )A21t 7" A QtJnLp is now living. %
WITNESS my hand and official sent hereto ofFixed the do end year in this certificate ret above written,
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(Aeknowledgment by Attorney in Pad. Waehineton Tufo Imurance Comyany. Form f. 30)
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-STATE OF WASHINGTON,
�a COUNTY OF 5'
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personallyappeared before me .....__........... __............ ...................... .... ...... _...... and ........r 4.._'...:._....:.._.._-.__:.._.........._.........._.._....
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his wife, to me known to be 'tAo individual.... described in and who executed the within trutrumenti sad ackrwwleftd
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that .............:...... signed the same as ......._....... tS'ce and voluntary act and deed, for the usis and p_rposta th m—Io msnllond.
Given under my hand and official seal the day and year In this certificate she rts,4'lvclttcrt v nv;,l
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ACTARY PUBLIC IN AND FOR THIO 4T -1C OF WAaNINOTON,
AtRIVINO AT
(FOR CORPORATE ACZ*OWLCDObfM)
STATE OF WASHINGTON,
ss.
COUNTY OF
On this ........................... day of ........... A. D, IO......, hiders me personally appeared ............ ............ ...._............
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to me known to be the ......... ........ _ President, and ............... ........ ....... ............_..._.........,, fD me known to be the ...........
Secretary, of the corporation that executed the within and foregoing Instrument, and each acknowledged that said in-
strument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned,
and each on oath stated that they were authorized to execute said Instrument, and that the seal affixed is the corporate
seal of said corporation,
IN WITNESS WHEAEOF, I have hireunto set my hand and affixed my official seal the day and year above written.
......._. ..............._..........:.................. .......... ......,..._...................... .... «_...
NOTARY PUBLIC IN AND FOR THC eTAY9 Cr .WAIHIHDTDN,
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AFTER RECORDING MAIL TO'
Roman Zaretsla and Katenna Simonova
8712 196th Street SW
Edmonds, WA 98026 I I II III lIl I I IIN I II IIII I11lllll Ill � III III{
G5
INCH CO NTY, HINGTON
Filed for Record at Request of SO" above dxskx,RrReanf=use cv*
First American Title Insurance Company
Pt fA 01111'' .
57 �Gff20537.001
File No: 4222-868691(KS) Date' September 13, 2006
Grantor(s). Arnold Trust
Grantee(s) Roman Zaretski and Katerina Simonova
Abbreviated Legal- LOT 5, PUGET VIEW TRACTS
Additional Legal on page RECORDED BY
Assessor's Tax Parcel No(s) 00549200000500 RAINIER TITLE
3Cta --R) (0
THE GRANTOR(S) Edward Martin Amold and William Wallace Arnold as Successor
Trustees of the Arnold Trust dated March 13, 1995 for and to consideration of Ten Dollars
and other Good and Valuable Consideration, in hand paid, conveys, and warrants to Roman
Zaretski and Katerina Simonova, husband and wife, the following described real estate,
situated in the County of Snohomish, State of Washington.
••• . . •. .
SITUATE IN THE CITY OF EDMONDS, COUNTY OF SNOHOMISH, STATE OF
WASHINGTON.
Subject To: This conveyance is subject to covenants, conditions, restrictions and easements, if
any, affecting tide, which may appear in the public record, including those shown on any recorded
plat or survey
Page 1 of 2 LPB 10.05
E�,
Order: 500023572 Doc: SN:2006 200609220537 Page 1 of 2 Created By: dmedema Printed: 2/24/2015 10:29:35 AM PST
APN 00549200000500 Statutory Warranty Deed
- continued
Arnolr st dated March 13, 1995
Edward din Amo d, SUCCESSOR TRUSTEI
0,)-6
Witham Wallace Arnold, Successor Trustee
STATE OF Washington )
)-55
COUNTY OF Snohomish )
200609220537.002
He No 4222-860691(KS)
Date 09/13/2006
I certify that I know ve satisfactory evidence that Edward Martin Arnold and William
Wallace Arn ret person(s) who appeared before me, and n(s) acknowledged
that he/she hey gned this instrument, on oath stat ,fiat he/s /they is retbnzed to
execute the rument and acknowledged it as the Succ ru eeVf Arnold
Trust dated March 13, 2995 to be the free and vol ntary act of such party(ies) for the uses and
purposes mentioned in this instrument.
Dated. w
S STE11Notary Public in n the Stat� f Washington
,..Ss
'I 9�,�Residing at UM
NOTARY m 'My appointment expires
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Page 2 of 2 LPB 10.05
Order: 500023572 Doc: SN:2006 200609220537 Page 2 of 2 Created By: dmedema Printed: 2/24/2015 10:29:35 AM PST
201409120603.001
,
Return To -
FINAL DOGS H0012 -01B
6200 PARK AVENUE
DES MOINES, IA 50321
I III�I ll� III I Illil 11111 lull 11111 X111111 hill 111111111111111111
20 GS
S
SNOHOIISH�COUNTY, WSHINGTO
Assessor's Parcel or Account Number. 00549200000500 r`
Abbreviated Legal Description: , , L.,0.f_,5,
�pruge
llnalude lot. Klock and 111-11 w �coiun, lo%tinship wid ringul Full legal dC5criplion located on page
Trustee, NORTHWEST TRUSTEE SERVICES LLC
(.Spee Above'rhh Line Fnr Recording Natal
DEED OF TRUST
CWUTUZ
'
DEFINITIONS K I �
Words used in multiple sections of this document are defined below and other words are defined in
Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are
also provided in Section 10
(A)"Security Instrument"meanstltisdocument,wltic)tisdnicdSEPTEMBER OB, 2014 ,
together with all Riders to this document
(B)"Borrower"is ROMAN ZARETSKI AND KATERINA SIMONOVA, HUSBAND AND WIFE
Borrower is the inistor tinder tltis Security histnrment
(C) "Lender"is WELLS FARGO BANK, N.A.
0383435989
WASHINGTON -Single Family-Fannle MaelFreddle Mae UNIFORM INSTRUMENT Form 3040 1101
qq®-6(WA) 1302)00
N MfLn 3040 WACO)) Rei 9r2013
VMP MORTGAGE SOLUTIONS, INC
Order: 500023572 Doc: SN:2014 201409120603
Page 1 of 20 Created By: dmedema Printed: 2/24/2015 10:29:36 AM PST
201409120603,002
Lender is a NATIONAL ASSOCIATION
organized and existing under the laws of THE UNITED STATES
Lender's address is 101 NORTH PHILLIPS AVENUE, SIOUX FALLS, SD 57104
Lender is the beneficiary under this Security instrument.
(D) "Trustee"Is NORTHWEST TRUSTEE SERVICES LLC
13555 SE 36TH ST. SUITE 100, BELLEVUE, WA 98006
(E) "Note" means the promissory note signed by Bonower and dated SEPTEMBER 08, 2014
The Note states Ihat Borrower owes Lender THREE HUNDRED SEVENTY THOUSAND AND 00/100
Dollars
(U.S. b *** *370, 000.00 ) plus interest Borrower has promised to pay this debt in regular Periodic
Payments and to pay the debt in full not later titan OCTOBER 01, 2044
(F) "Property" means the property ilial is described below under file heading "Transfer of Rights in the
Property,"
(C) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and laic charges
due under the Note, acid all sums due under this Secunty Inslniment, p(tss iialemst.
(Ti) "Riders" means all Riders to this Security Instnnrient that are executed by Borrower. The following
Riders arc to be executed by Borrower Icheck box as applicable):
® Adjustable Rate Rider Condomiaumm Rider O Second Home Rider
El Balloon Rider Planned Unit Development Rider F-1 1-4 Family Rider
0 VA Rider ❑ Biweekly Payment Rider 0 Other(s) f specify)
(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations.
ordinances and administrative riles and orders (that have the effect of law) as well as all applicable final,
non -appealable judicial opinions.
(J) "Community Association Dues, Fees, and Assessments" means all docs, fees, assessineuts and other
charges that are imposed on Borrower or the Properly by a condominium association, homeowners
association or similar organization
(K) "Electronic Funds Transfer" means any transfer of funds, other that) a transaction originated by
check, draft, or similar paper instrument, which is initiated through an electrotuc terminal, telephonic
instnuuent, computer, or magnetic tape so as to order, instruct, or authoriic a financial institution to debit
or credit an account. Such term includes, but is not }limited to, point-of-sale transfers, automated teller
machine transactions, transfers initiated by telephone, wire transfers, and automated cleamaghouse
transfers.
(L) "Escrow Items" means those items that are described in Section 3.
(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
by any thin] party (other than insuratnee proceeds paid under the coverages described in Section 5) for: (i)
damage to, or destruction of, the Properly; (n) condemnation or other taking of all or any pnrt of the
Property, (Iii) conveyance in lieu of condenitintion; or (iv) misrepresentations ol', or omissions as to, the
value and/or condition of the Property,
(N) "Morigage Insurance" means insurance protecting Lender against the nonpayment of, or defaull on,
the Loan
(0) "PeriotlicPayment" means the rebnilarly scheduled amount due for (i) principal and interest under the
Note, plus (ii) any amounts under Section 3 of this Security Instrument,
WASHINGTON -Single Family -Fannie Mae/Freddie Mac UNIFORM IN TRUMENT v
.6 (WA) (1302) 00 Page Z of 15 Initials KS Form 3048 1101
Order: 500023572 Doc: SN:2014 201409120603 Page 2 of 20 Created By: dmedema Printed: 2/24/2015 10:29:36 AM PST
201409120603.003
(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. Section 2601 et seq.) and its
implementing regulation, Regulation X (12 C.F.R, Part 1024), as they might be amended from time to
time, or any additional or successor legislation or regulation that governs the some subject matter, As used
in this Sccun4• Instrument, "RESPA" refers to all requirements and restnctions that are imposed in regard
to a "federally related mortgage loan" even if the Loan does not qualify as a "federally [elated mortgage
loan" under RESPA.
(Q) "Successur in Interest of Harrower" means any party that has taken title to the Propertv, whether or
not that part), has assumed Borrowei s obligations under the Note and/or this Security Instrument
TRANSFER OF RiGHTS iN THE PROPERTY
This Security Instrument secures to Lender' (i) the repayment of the Loan, and all renewals, extensions and
modifications of the Note, and (it) the perforn►ance of BorroN%cr's covenants and agreements under this
Security Instnmient and the Note. For tlus purpose, Borrower irrevocably grants and conveys to
Trustee, in tout, with power of sale, the following described property located in the
COUNTY ofSNOHOMISH
iTypa or Recoiding lunsdmitunl [Name of Keeordwg lunmdwtion]
SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART THEREOF
*SEE ADJUSTABLE RATE RIDER
TAX STATEMENTS SHOULD BE SENT TO: WELLS FARGO HOME MORTGAGE, P.O. BOX
11758, NEWARK, NJ 07101475B
Parcel 1D Number: 00549200000500 which currently has (lie address of
8712 196TH ST SW islrvAl
EDMONDS IC,tyj . Washington 9B026 l%ip Code)
("Properly Address"),
TOGETHER WITH all the improvements now or hereafter erected on the property, and all
casements, appurtenances, and fixtures now or hereafter it part of the property All replacements and
additions shall also be covered by this Sccanty Instrument All of the foregoing is referred to in this
Security instniment as the "Property "
BORROi'VER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has
Ute right to grunt and convey the Properly and that the Property is unencumbered, except for encumbrances
of record Borrower warrants and will defend generally the title to the Property against all claims and
demands, subject to any encumbrances of recoid.
THIS SECURITY INSTRUMENT combines ►uuform covenants for national use and non-unil'omi
covenants with limited vanations by jurisdiction to constitute a uuiifonn sccunty instrument covering real
property.
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UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows,
j I. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges,
Oorrower shall pay when due the principal of, and interest on: the debt evidenced by the Note and any
prepayment charges and late charges due tinder the Note. Borrower shall also pay funds for Escrow Items
pursuant to Section 3 Pavments due under the Note and this Security Instrument still] be made in U.S.
currenev. However. if am- check or other instrument received by Lender as payment tinder the Note or this
5ccunty instrument is returned to Lender unpaid, Lender may require that ml), or all subsequent payments
j due under the Note and tli]s Securily Instrument be made in one or more of the following forms, as
selected by Lender: (a) cash, (b) money order, (c) certified check, bank check, treastirer's check or
cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a
federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
Payments are deemed received by Lender when received at the location designated in the Note or at
such other location as may be designated by Lender in accordance with the notice provisions in Section 15.
Lender ally return any payment or partial payment if the payment or partial payments arc insufficient to
bring the Loan current. Lender may accept any payment or partial payment insufficient to bring the Loan
current, without waiver orally rights hereunder or prejudice to its tights to refuse such payment or partial
payments in the fixture, but Lender is not obligated to apply such payments at the time such payments are
accepted If cacti Periodic Payment is applied as of its scheduled due date, then Lender need not pay
interest on unapplied funds. Lender may hold such unapplied funds until Borrm%er makes payment to bring
the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply
such funds or return them to Borrower If not nppticd earlier, such funds will be applied to the outstanding
principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower
might have now or in the future against Lender shall relieve Borrower from making payments due under
(lie Note and this Security Instrument or perforin ng the covenants and agreements secured by this Security
Instrument.
2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all
payments accepted and applied by Lender sliall be applied in the following order of priority- (a) interest
due under the Note; (b) principal due under the Note. (c) amounts due under Section 3. Such payments
shall be applied to each Periodic Payment in the order in which it becanie due Any remaining amounts
sNil] be applied first to late charges, second to any othei amounts due under this Security liistnu icni, and
then to reduce the principal balance of the Note.
Il' Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a
sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and
the late charge If more than one Periodic Payment is outstanding, Lender may apply any payment received
m
froBorrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be
paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or
more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall
be applied first to airy prepayment charges and then as described in the Note.
Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under
the Note shall not extend or postpone the due date, or change the amount. of tate Periodic Payments,
3, Funds for Escrow Items, Borrower shall pay to Lender on the day Periodic Payments imre due
under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due
for (a) taxes and assessments and other items which can attain priority over this Security Instrument as a
lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if arty, (c)
premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance
premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage
insurance premiums in accordance with the provisions of Section 10 These items are called "Escrow
Items " At origination or at any time daring the tern of the Loan, Lender may require that Community
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Association Dues. Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and
i assessments shall be an Escrow Iicin. Borrower shall proniptly furnish to Leuder all notices of amounts to
be paid under this Section Borrower shall pay Lender the Funds for Escrow items unless Lender waives
Borrower's obligation to pay the Funds for my or all Escrow licros. Lender may waive Borrower's
obiigalion to pay to Lender Funds for any or all Escrow items at any time, Any such waiver may only be
in writing. In (lie event of such waiver. Borrower sliall pay directly, when and where payable, the amounts
due for any Escrow Items for which payment of Fund:, has been waived by Lendcr and, if Lender requires,
shall furnish to Lender receipts evidencing such payment within such time period as Lender may require.
Borrower's obligation to make such paynncnls and to provide receipts shall for all purposes be deemed to
be a covenant and agreement contained in this Security Irtstmment, as the phrase "covenant and agreement"
is used in Section 9. If Bormwer is obligated to pay Escrow items directly, pursuant to a waiver, and
Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights tinder Section 9
and pay such amount and Borrower shall then be obligated carder Section 9 to repay to Lender any such
amount. Lender may revoke the waiver as to any Or all Escrow Items at any time by a notice given in
accordance with Section 15 and, upon such revocation, Borrower shall prey to Lender all Funds, and in
such amounts, that are (lien required under this Section 3.
Lender may, at any lime, collect and hold Funds in an amount (a) si flieicnt to permit Lender to apply
the Funds at the time specified under RESPA; and (b) not to exceed the maximum amount a lender call
require under RESPA, Lender shall estimate the amount of Funds due on the basis of current data and
reasonable estimates of expenditures of fixture Escrow Items or othen+-isc in accordance with Applicable
Law.
The Funds shall be held in an insliluhon whose deposits arc insured by a federal agency,
instrumentality, or entity (including Lender, if Lender is an institution whose deposits are so insured) or in
any Federal Home Loan Bank. Lender sl -tall apply the Funds to pay the Escrow Items [to later than the time
specified under RESPA. Lender shall not charge Borrower for holding and applying the Funds, annually
analyzing the escrow account, or venfying the Escrow items, unless Lender pays Borrower interest on the
Funds and Applicable Law permits Lender to make such a charge. Unless an agreement is made in venting
l or Applicable Law requires interest to be paid on the Funds, Lender SUB not be required to pay Borrower
any interest or earnings on the Finds. Borrower and Lender can agree in writing; however, that interest
shall be paid on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the
Funds as required by RESPA.
if there is a surplus of Funds held in escrow, as defined tinder RESPA, Lender shall account to
Borrower for the excess fiends in accordance with RESPA, if there is a shortage of Funds hold in escrow.
as defined under RESPA, Lender shill nrihfy Borrower as required by RESPA: and Borrower Shall pay to
Lender the amount ►necessary to make up the shortage in accordance with RESPA, but in no more than 12
monthly payments. If there is a deficiency of Funds held in escrow, as defined under RESPA, Lender shall
notify Borrower as rcqunred by RESPA. and Borrower shalt pay to Lender the amount necessary to make
tip the deficiency in accordance with RESPA, but in no more than 12 monthly payments.
Upon payment to full of all sums secured by this Security lns(mment, Lender shall pmtriptly refund
to Borrower any Funds hold by Lender.
4. Charges; Liens. Borrower shall pay all taxes; assessments, charges, fames, and impositions
attributable to the Property which can attain priority over this Secunty Instniment, leasehold payments or
ground rents on the Property, if an),, and Community Association Dues, Fees. and Assessments, if any. To
the extent that these items are Escrow Items, Borrower shall pay them in the manner provided in Section 3.
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Borrower shall promptly discharge any lien which has pnotity over this Security Instrument unless
Borrower. (a) agrees in wriling to the payment of the obligation secured by the lien in a manner acceptable
to Lender, but only so long as Borrower is performing such agreement, (b) contests the lien in good I'ailh
by, or defends against enforcement of the hen in, legal proceedings N hick in Lender's opinion operate to
prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings
are concluded, or (c) secures front the holder of the hen an agreement satisfactory to Lender subordiruiting
the lien to this Security Instrument. if Lender determines that any part of the Property is subject to a hen
which can attain priority over this Security lnstnnncnl, Lender may give Borrower a notice identiNing the
lien. Within inn days of clic date on which than notice is given, Borro.VCT Shand satlsfv the lien or 1,akc one or
store of the actions set forth above iii this Section 4.
Lender may require Borrower to pay a ane-linie charge for a real estate tax verification and/or
reporting service used by Lender in connection with thus Loan.
5. Property Insurance. Borrower shall keep the improvements no" existing or hereafter erected on
the Property insured against loss by fire, hazards included wittun the term "ex -tended coverage," and any
other hazards including. but not limited to, earthquakes and floods, for which Lender requires insurance.
This insurance shall be maintained in the aniounis (including deductible levels) and for the periods that
Lender requires. What Lender requires pursuant to (lie preceding sentences can change during the tern of
1 ibe Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
right to disapprove Borrower's choice, which right shall not be exercised unreasonable Lender may
require Borrower to pay, in connection with thus Loan, either (a) a one-time charge for flood zone
detenmination, certification and tracking services, or (b) a one-time charge for Flood cone determination
and certification services and subsequent charges each time reuiappings or similar changes occur which
reasonably might affect such detentiitiation or certification, Borrower shall also be responsible for the
payment of any fees imposed by the Federal Emergency Management Agency in connection with lite
icview of any flood zone determination resulting from an objection by Borrower.
If Borrower fails to maintain any of the cmeniges described above, Lender may obtain insurance
coverage, at Lender's option and Borrower's expense. Lender is tinder no obligation to purchase any
particular type or amount of coverage, Therefore. such coverage shall cover Lender, but aught or might
i not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk,
hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower
acknowledges that the cost of (lie insurance coverage so obtained might significantly exceed the cost of
insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Scchon 5 shall
bcconne additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest
at the Note rite from the date of disbursement and shall be payable, with such interest, upon notice front
Lender to Borrower requesting payment
All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
right to disapprove such policies, shall include a standard mortgage clause, and shall riame Lender as
mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal
certificates If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and
renewal notices, if Borrower obtains any form. of insurance coverage, not otherwise required by Lender,
for darn age to, or destruction of, the Property, such policy shall include a standard mortgage clause and
shall name Lender as ntorigagee and/or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
may stake proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree
in writing, any insurance proceeds, whether or not the underlying; insurance was required by Lender, shall
be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to
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hold such insurance proceeds until Lender has had an opportunity to inspect such Properly to ensure the
work las been completed to Lender's satisfaction. provided that such inspection stall be undertaken
promptly Lender may disburse proceeds for file repairs and restoration in a single payment or in a series
of progress payments as the, work is completed. Unless an agreement is made in venting or Applicable Law
requires interest to be paid on such insurance proceeds, Lender slmalt not be required to pay Borrower any
interest or earnings on such proceeds. Fees for public adjusters, or other third parties, retained by
Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Bonower If
the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance
proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in
Section 2.
If Borrower abandons the Property, Lender may file, negotiate and settle any available insurance
claim and related mailers. if Borrower does not respond within 30 days to a notice from Lender that the
insurance carrier has offered to settle a claim, then Lender may negotiate and settle the claim The 30 -day
period will begin when the notice is given in either event, or if Lender acquires the Property under
Section 22 or othenvise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance
proceeds in an amount not to c\cccd the amounts unpaid under the Note or (Itis Security Instrument, and
(b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by
Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the
coverage of the Property Lender may use the insurance proceeds either to repair or restore the Proper or
to pay amounts uupind under the Note or this Security Instrument, whether or not then due
6, Occupancy. Borrower shall occupy, establish, and use the Property as Borrow'er's principal
residence within 60 days after the execution of thus Security Instrument and shall continue to occupy the
Propetty as Borromti'er's principal residence for at least one year after the dale of occupancy, unless Lender
otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating
circumstances exist which are beyond Borrower's control,
7. Preservation, itilaintenance and Protection of the (Properly; Inspections, Borrower shatIl not
destroy, damage or impair the Property, allow the Property to deteriorate or commit waste on the
Properly. Whether or not Borrower is residing in the Properly, Borrower shall maintain file Property in
order to prevent the Property from detenomtng or decreasing in value due to its condition. Unless it is
determined pursuant to Section 5 that repair or restoration is not economically feasible, Borrower shall
promptly repair the Property if damaged to avoid further deterioration or damage. if insurance or
condemnation proceeds are paid in connection with damage to, or the taking of, the Property, Borrower
shall be responsible for repairing or restonng file Proper, only if Lender has released proceeds for such
purposes. Lender may disburse proceeds for the uepairs and restoration in a single payment or in a series of
progress payments as the work is completed. If the insurance or condemnation proceeds are not sufficient
to repair or restore the Property, Borrower is not relieved of Borrower's obligation for the completion of
such repair or restoration
Lender or its agent may make reasonable entries upon and inspections of the Properly If it has
reasonable cause, Lender may inspect the interior of the improvements on time Properly, Lender shall give
Borrower notice at the time of or pnor to such an interior inspection specifying such reasouible cause.
S. Borrower's Loan Application. Borrower shall be in default if, during the Loan application
process, Borrower or ariv persons or entities acting of the direction of Borrower or with Borrower's
knowledge or consent gave materially false, misleading, or inaccurate unfornmation or statements to Lender
(or failed to provide Lender with matenni information) in connection with the Loan Material
representatiouS include, but are not limited to, rcpresentatnons concerning Borrower's occupancy of the
Properly as Borromver's principal residence.
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9, Protection of Lender's Interest in the Propertyand Rights Under this Security Instrument. If
{a) Borrower fails to perfonn the covechints and agreernents contained in this Security instrument, (b) there
is a legal proceeding that might significantly affect Lender's interest in the Property and/or rights tinder
this Security Instrument (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture, for
eliforecmcnt of a lien which may attain priority over this Security Instrument or to enforce laws or
regulations), or (c) Borrower has abandoned alae Propem•, then Lender may do and pay for whatever is
reasoaablc or appropriate to protect Lender's interest in the Property and rights tinder this Security
Instnuncnt, including protecting and/or assessing the value of the Property, and securing and/or repairing
the Propem' Lender's actions can Include, but are not limited to (a) paying any sums secured by a lien
which has priority over this Security Instrument; (b) appearing in court, and (c) paying reasonable
attorneys' fees to protect its interest in the Property and/or rights under this Security Instnuncnt, including
its secured position in it bankruptcy proceeding. Securing the Property includes, but is not limited to,
cratering the Property to stake repairs, change locks, replace or board tip doors and windows, drain water
From pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned
on or off. Although Lender may take action under this Section 9, Lender does not have to do so and is not
under any duty or obligation to do so. It is agreed that Lender incurs no liability for not taking any or all
actions authorized under this Section 9
Amy amounts disbursed by Lender under thus Section 9 shall become additional debt of Borrower
secured by Ibis Security Instnuncnt. These amounts shall bear interest at the Note rate frons the date of
disbursement and shall be payable; with Stich interest, upon notice from Lender to Borrower requesting
payment
If this Security Instrument is on a leasehold, Borrower shall conipt with all the provisions of the
lease If Borrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless
Lender agrees to the merger in writing.
10, Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan.
Borrower shall par` the premiums required to maintain [tic Mortgage Insurance in effect. It', for any reason,
the Mortgage Insurance coverage required by Lender ceases to be available from the mortgage insurer that
previously provided such insurance uud Borrowei was required to make separately designated pavnacnls
toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain
coverage substantially equivalent to the Mortgage lasurinec previously in effect, at a cost substanhaliy
equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate
mortgage instarer selected by Lender. II' Substantially equivalent Mortgage Insurance coverage is not
available, Borrower shall continue to pay to Lender the amount of the separately designated payments Haat
were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these
payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such foss reserve shall be
non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
required to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss
reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires)
provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires
separately designated payments toward the premiums for Mortgage Insurance. if Lender required Mortgage
insurance as a condition of making the Loan and Borrower was required to snake separately designated
payments toward the prernivans for Mortgage Insurance, Borrower shall pay the prenainn►s required to
maintain Mortgage Insurance in efl'ect, or to provide a non-refundable loss reserve, until Lender's
requirement for Mortgage Insurance ends in accordance with any writicn agreement between Borrower and
Lender providing for such termination or until tennination is required by Applicable Law. Nothing in this
Section 10 affects Borrower's obligation to pay interest at Ilie rate provided in the Note.
Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it
m ty incur if Borrower does not repay the Loan as agreed. Borrower is not a parly to (lie Mortgage
Insurance.
Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may
enter into agreementswith other parties that share or modifi• their risk, or reduce losses. These agreements
are on terns and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to
these agreements. These agreements may require the mortgage insurer to make pavnicnts using any source
of funds that the mortgage insnrcr may have available (which may include funds obtained from Mortgage
Irt�urince premiums).
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As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer,
any other entity,, or ally affiliate of any of the foregoing, may receive (directly or indirectly) amounts that
derive from (or night be characterized as) a portion of Borrower's payments for Mortgage insurance, tit
c\change for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement
provides that an affiliate of Lender takes a sham of Ute insurer's nsk in exchange for a share of the
prcnnums paid to the insurer, the arrangement is often temied "captive reinsurance," Further:
(a) Any .such agreements will not affect the amounts that Borrower has agreed to pay for
Mortgage Insurance, or any other, terms of the Loan, Such ,agreements will not increase the amount
Borrower will owe for Mortgage insurance, and they will not entitle Borrower to any refund.
(b) Arty such agreements will not affect the rights Burrower has - if ally - with respect to the
Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law, These rights
may include the right to receive certain disclosures, to request and obtain cancellation of the
Mortgage Insurance, to have the Mortgage hisurance terminated automatically, a ndlor to receive a
refund of any Mortgage insurance premiums that were unearned at the time of such cancellation or
terminatiort.
11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscclltmeous Proceeds are liereby
assigned to and shall be paid to Lender,
II' the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of
the Property, if the restoration or repair is economically feasible and Lender's security is not lessened.
During such repair and icstoration period, Lender shall have the tight to hold such Miscellaneous Proceeds
until Lender has had an opportunity to inspect such Property to ensure the work has been completed to
Lender's satisfaclion, provided that such inspection shall be undertaken promptly Lender may pay for the
repairs and restoration in a single disbursement or in a senes of progress payments as the worts is
completed, Unless an agreement is made in writing or Applicable Lav requires interest to be paid oil such
Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on such
Miscellaneous Proceeds If the restoration or repair is not economically feasible or Lender's security would
be lessened, the Miscellaneous Proceeds shall be applied to the suits secured by this Security Instrument,
%%hclher or not then due. with the excess, if any, paid to Borrower Such Miscellaneous Proceeds shall be
applied in the order provided for in Section 2,
to the event of a total taking, destruction. or loss in vallm of the Property, the Miscellaneous
Proceeds shall be applied to the sums secured by this Secunty, Instrument, whether or not then due, with
the excess, if any, paid to Borrower
In the event of a partial inking, dcstnaction, or loss in value of the Property in which the fair market
value of the Property immediately before the partial taking, destruction, or loss to value is equal to or
greater than the amount of the sums secured by ttus Secunty Instrument immediately before the partial
taking. destruction, or loss in value. unless Borrower and Lender otherwise agree in writing, the sums
secured by tilts Security Instrument slall be reduced by the amount of the Miscellaneous Proceeds
multiplied by the following fraclion: (a) lie total amount of the sums secured immediately before the
partial taking, destruction, or loss 1n value divided by (b) the fair market value of the Property
innnediately before the partial taking, destruction, or loss to value. Any balance shall be paid to Borrower.
In the event of a partial taking, dcstnaction, or toss in value of the Property in which the fair market
value of the Property immediately before the partial taking, desinicoon, or loss in value is less than the
amount of the sums secured innnediatcly before the partial taking. destruction, or loss in %•,)tire, unless
Borrower and Lender otherwise agree to waiting, the Miscellaneous Proceeds shall be applied to the sums
securvd by this Secunty Instrument whether or not the sums are then due.
It' the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the
Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages,
Borrower falls to respond to Lender within 30 days after the date the notice is given Lender is authorized
to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the
sums secured by this Secunly Insinatnent, whether or not then due. "Opposing Party" means the third party
that owes Borrouwcr Miscellaneous Proceeds or the party against %%horn Borrower has a right of action in
regard to Miscellaneous Proceeds.
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Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun thnf. in
Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's
interest in the Property or rights tinder thus Security Itstruneni. Borrower can cure such a default and, if
acceleration has occurred, reinstate as provided in Section 11), by causing the action or proceeding to be
dismissed with a ruling that, in Lcudcfs,tudgnient, precludes forfeiture of the Property or other material
inipainnent of Lender's interest in the Property or rights tinder this Security Instrument. The proceeds of
any award or claim for damages Hunt are attributable to the impairment of Lender's interest in the Property
are hereby assigned and shall be paid to Lender.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be
applied in the order provided for in Section 2,
12, Borrovver Not Released; Forbearance By Lender Not a Waiver. Extension of the time for
payment or modification of amortization of the stuns secured by this Secur,(y Instrument granted by Lender
to Borrower or am, Successor in Interest of Bono" cr shall not operate to release the liability of Borrower
or any Successors in Interest of Borrower. Lender shall not be required to continence proceedings against
illy Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify
atnormzation of the sums secured by this Security Instrument by reason of any demand made by the original
Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or
remedy including, tv'ithout limitation, Lender's acceptance of payments from third persons, entities or
Successors in Interest of Borrower or in amounts less than the amount then due, shall not be it waiver of or
preclude the exercise of any right or remedy
13, Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants
and agrees that Borrower's obligations and habilUy shall be joint and several. However, any Borrower who
co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this
Security Instrument only to mortgage, grant and convey the co-bigner's interest in the Proper under the
terns of this Security Instnnnent. (b) is not personally obligated to pay the sums secured by lids Secunly
Instnuniont; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or
make any accommodations wi(Ii regard to the temms of this Security Instru icuf or the Note without the
co-signer's consent.
Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes
Borrower's obligations tinder this Security Instrument in writing, and is approved by Lender, shall obtain
all of Borrower's rights and benefits tinder thus Security Instrument. Borrower shall not be released from
Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in
writing. The covenants and agreenionts of this Security Instrument shall bind (except as provided in
Section 20) and bencfit the successors and assigns of Lender.
14, Loan Charges, Lender may charge Borrower fees lbr services performed in connection with
Borrower's default, for the purpose of protecting Lender"s interest in the Property and rights under this
Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees.
in regard to any other fees, the absence of express authonty in this Security Instrument to charge a specific
fee to Borrower shall not be construed as a prolubition oil the charging of such fee. Lender may not charge
fees that are c,%pmssly prohibited by this Security Instrument or by Applicable Law,
if file Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so
that the interest or other loan charges collected or to be collected in connection with the Loan exceed the
permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the
charge to tine permitted limit; and (b) any stuns already collected from Borrower which exceeded permitted
limits will be refunded to Borrower. Lender may choose to make this refund by reducing lite principal
owed under the Note or by making a direct payment to Borrower, if a refund reduces principal, the
reduction will be treated as a partial prepayment without any prepayment charge (whether or not a
prepayment charge is provided for under the Note) Borrower's acceptance of any such refund made by
direct payment to Borrower will constitute a waiver of any right of action Borrower night have arising out
of such overcharge,
15. Notices. All uoUces given by Borrower or Lender in connection with (his Security Instrument
must be in writing Any notice to Borrower in connection with this Security instrument shall be deemed to
have been given to Borrower schen mailed by first class mail or when actually delivered to Borrower's
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notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers
unloss Applicable Law expressly requires otherwise The notice address sirall be the Property Address
unless Borrower has designated a substitnne.notice address by notice to Lender. Borrower shall prompt]),
notify Lender of Borrower's clange of address. If Lender specifies a procedure for reporting Borrower's
change of address, then Borrower shall only report a change of address through that specified procedure.
There may be only one designated notice address under this Security instrument at any one time. An)
notice to Lender shall be given by delivering it or by matting it by first class mail to Lender's address
stated herein unless Lender has designated anotlier address by notice to Borrower. Any notice in
connection with flus Security Instrument shall not be deemed to lave been given to Lender until actually
received by Lender. If any notice required by this Security Instrument is also required under Applicable
Law. the Applicable Law requirement will satisry the corresponding requirement under taus Security
Instrument,
16. Governing Law; Severability: Rules of Construction. This Security Instrument shall be
governed by federal law and the law of the jurisdiction in which the Proper is located. All rights and
obligations contained in this Security Instrument are subject to any requirements and limitations of
Applicable Law, Applicable Law might explicitly or implicitly allow the parties to agree by contract or it
might be silent, but such silence shell not be consimcd as a prolubition against agreement by contract In
the event that any provision or clause of thus Security Instrument or the Note conflicts with Applicable
Law, such conflict slall nol affect other provisions of this Security Instrument or the Note which can be
gi%-ev effect without lire conllicong provision
As used in this Security hstrunicnl: (a) words of the masculine gender shall mean and include
corresponding neuter words or words of the feminine gender, (b) words in the singular shall mean and
l mclude the plural and Vice versa, and (c) the word "may" gives sole discretion without any obligation to
take any action.
17. Borrower's Copy. Borrower shall be given one copy of the Note and of thus Security Instrument.
18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18,
"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited
to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or
escrow agreement, the intent of wluch is the transfer of title by Borrower at a future dale to it purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower
is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior
written consent, Lender may require immediate payment in full of all sums secured by this Security
Iamstrunment However, this option shall not be exercised by Tender if such exercise is prohibited by
a Applicable Lain,
If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
provide a period of not less than 30 days from the date (lie notice is given in accordance with Section 15
within which Borrower must pay all sums secured by flus Security Instrument. if Borrower fails to pay
these sums prior to the expiration of this period, Lender may invoke any rernedics permitted by this
Security Instrument without further notice or deniand on Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower nicels certain conditions,
Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time
prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in
tins Security lnstnu lent, (b) such other period as Applicable Law might specify for the ter enation of
Borrower's right to retnsfate; or (c) entry of a judgment enforcing this Security Instrument. Those
conditions are that Borrower (a) pays Lender all sums which then would be due tinder this Security
Iustrunient and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or
agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but riot hnuled
to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the
purpose of protecting Lender's interest in the Property and rights larder this Security Instrument; and (d)
takes such action as Lender may reasoruibly require to assure that Lender's interest in the Properly and
rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security
instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and
expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order, (c)
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cerlit5ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon
an misliuution whose deposits are insured by it federal agency, instrumentality or entity; or (d) Electronic
Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby
shall remain fully crTective as if no acceleration had occurred. However, this right to reinstate shall not
apply in the case of acceleral ion under Section IS.
20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in
the mote (together with this Security Instrument) can be sold one or more times without prior notice to
Bon-nier. A sale might result in a change in the entity (known as the "Loan Servicer") that collects
Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be
one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan
Servicer, Borrower will be given wruen notice of the change which will state the name and address of the
new Loan Servicer, the address to which payments should be made and any other information RESPA
reciiiires in connection with a notice of imnsfer of servicing. If the Note is sold and thereafter the Loan is
scir.-iced by a Loan Servicer other than the purchmscr of the Note, the mortgage loan servicing obligations
to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
assumed by the Note purchaser unless otherwise provided by the Note purchaser.
Neither Borrower nor Lender may corimence,,loin, or be joined to any judicial action (as either an
individual litigant or the member of a class) that arises from the other party's actions pursuant to this
Security Instrument or that alleges Hurt the othei pan has breached any provision of, or any duty owed by
reason of. thus Security Instr uirent, until such Borrower or Lender has notified the other party (with such
notice given in compliance with the requirements of Section iS) of such alleged breach and afforded the
other party hereto a reasonable period after the giving of such notice to take corrective action. if
Applicable Law provides a time period which nnist elapse before certain action can he taken, that lime
period will be deemed to be reasonable for purposes of- this paragraph, The notice of acceleration and
opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to
Borrower pursuant to Section IS shall be deemed to satisfY the notice and opportunity to lake corrective
action provisions of this Section 20
21, Hauardous Substances, As used in thus Section 21, (a) "Hazardous Substances" are those
substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and (lie
following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides
and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials:
(b) "P--nvirommenlal Law" means federal laws and laws of the jurisdiction where the Property is loca(ed that
relate to health, sarcly or environmental protection; (c) "Environmental Cleanup" includes any response
action, remedial action, or removal action, as defined in Environmental Lau.: and (d) an "Environmental
Condition" means a condition that can cause, contribute to, or otherwise trigger air Environmental
Cleanup.
Borrower sliall not cause or permit the presence. use, disposal, storage, or release of any Hazardous
Substnnccs, or threaten to release any Hazardous Snbslances, on or in the Property Borrower shall not do,
nor allow anyone else to do, anytlung affecting the Property (a) that is in violation of any Envirommental
Law, (b) which creates an Environmental Condition, or (c) wluch, due to the presence, use, or release of a
Hazardous Substance, creates a condition ifint udvcrsely affects the value of the Property. The preceding
two 5entenees stuill not apply to the presence. use, or storage on the Property of small quantities of
Hazardous Substances that arc generally recognized to be appropriate to normal residential uses and to
maintenance of the Property (including, but not limited to, hazardous substances in consumer products).
Borrower stunt promptly give Lender written notice of (a) any investigation, claim, demand, lawsuit
or other action by any governmental or regulator.- agency or private party involving the Property and any
Hamrdous Substance or Environmental Law or which Borrower has actual knowledge, (b) any
Environmental Condition, including but not limited to, any spilling, leaking, discharge, release or threat of
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release of any Hazardous Substance, and (c) any condition exused by the presence, use or release of a
Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified
by any goveriunental or regulatory authorih, or any private party, dual any removal or other renicdiauon
of any Hazardous Substance affecting the Properly is necessary, Borrower shall promptly take all necessary
remedial actions in accordance with Environmental Law. Nothing herein shall curate any obligation on
Lender for an Environmental Cleanup.
NON-UNIFORM COVENANTS, Borrower and Lender further covenant and agree as follows:
22. Acceleration; Remedies. Lender shall give notice to Burrower prior to acceleration following
Borrower's breach of any covenant or agreement in this Security instrument (but not prior to
acceleration under Section 18 unless Applicable Law provides otheilvise). The nutice shall specify: (at)
the default; (b) the action required to cure the default; (c) a (late, not less than 30 Clays from the date
the notice is given to Borrower, by sthieh the default must be cured; and (d) that failure to cure the
default on or before the date specified in the notice may result in acceleration of the sums secured by
this Security instrument and sale of the Property tit public auction at a► date not less than 120 days in
the future. The notice shall further inform Borrower of the right to reinstate after acceleration, the
right to bring a court action to assert the non-existence of a default or any other defense of Borrower
to acceleration and sale, and any other matters required to he inch►ded in the notice by Applicable
Law. if the default is not cured on or before the date specified in the notice, Lender at its option,
may require immediate payment in full of all sums secured by this Security Instrument without
i further demand and may invoke the power of sale and/or any other remedies permitted by
Applicable Law. Lender shall he entitled to collect all expenses incurred in pursuing the remedies
provider) in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title
evidence,
If Lender invokes the power of sale, Lender shall give irritten notice to Trustee of the
occurrence of an event of default and of Lender's election to cause the Property to be sold. Trustee
and Lender shall take such action regarding notice of sale and shall give such notices to Borrower
and to other persons as Applicable Latif may require. After the time required by Applicable Laiu and
after publication of the notice of sale, Trustee, +rithout demand on Borrower, shall sell the Property
at public ;ruction to the highest bidder at the time and place and under the terms designated in the
notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale
of the Property fur a period or periods permitted by Applicable Lim by public announcement at the
time and place fixed in the notice of sale. Lender or its designee may purchase the Property at any
sale.
Tnistee shall deliver to the purchaser Trustee's deed conveying the Properly without any
covenant or warranty, expressed or, implied. The recitals in the Trustee's deed shall be prima facie
evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in
the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's
and attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the
person or persons legally entitled to it or to the clerk of the superior court of the county in which the
sale took place.
23. Reconveyance. Upon payment of all stuns secured by this Security Instrument, Lender shall
request Trustee to reconvey the Property and sludl surrender flus Security instn►ment and all notes
evidencing debt secured by this Security Instrument to Trustee. Trustee sluill reconvey the Property
without warranty to the person or persons legally entitled to it Such person or persons shall pay any
recordation costs and the Trustee's fee for preparing the reconveyance.
24. Substitute Trustee, In accordance Nvnth Applicable Law, Lender man from time to time appoint
u successor trustee to nny Tnrstee appointed hereunder who has ceased to act. Without conveyanc0 of the
Properly, the successor trustee shall succeed to all the lille, power and duties conferred upon Trustee
herein and by Applicable Law
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25. Use of Property. The Property is not used pnncipalty for agricultural purposes.
26. Attorneys' Fees. Lender shall be entitled to recoier its reasonable attorneys' ices and costs in
any action or proceeding to construe or enforce any term of this Security Instrument The terns "ationicys'
fees," whenever used in this Security Instrument. shall include withow linuta(ion attorneys' fees incurred
by Lcnder in any bankruptcy proceeding or on appeal
ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND
CREDIT, OR TO FORBEAR FRONT ENFORCING REPAYMENT OF A DEBT ARE
NOT ENFORCEABLE, UNDER WASIEINGTON LAW,
BY SIGNING BELOW, Borrower accepts and agrees to the tears and covenants contained in flus
Security Instrument and in any Rider executed by Borrower and recorded with it.
Witnesses:
- (Seal)
-Burrower
(Seal)
-Borrowror
_ (Seal)
-Hunuwrr
0" AA) Zd:LGr"3' ` (Seal)
ROMAN 'LARETSKI -Borrower
/?/� (Seal)
KtF/-Rl
NA SIMONOVA-Honnwar
WASHINGTON -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
m-8(WA) (1302) 00 Page 14 of 15
_ (Seal)
Borrower
_ (Seal)
-Borrowu
. (Seal)
Bvrruwer
Form 3048 1/01
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STATE Or WASHINGTON ss;
County of `S'A'D\'OtMi 5
On this day personalty appeared before me ROMAN ZARETSKI AND KATERINA SIMONOVA
tonic known to be the uidtyt =A s) described in and who e. ecAited the within and foregoing instntmeni,
and acknowledged that he/sh they igned the same as lus/lie tbei free and voluntan, act and deed, for the
uses and purposes therein mentioned
GIVEN under my l><and and official seat this day of k' r®�
LUC4NUA Qg'
NQTARY PUBLIC
Iutury Puhhu in and for the State oP �yashtngean, re�idtng at
STATS OF WASHINGTOIJ ,moie, rn.`5t, C.O
COMMISSfON 20p18Ss Nly Appointment Expires on
JULY 29. -7
Loan origination orgaruzation WELLS FARGO BANK, N.A.
\)MLSR ID 399801
Loan originator MICKAELYN NOWACK
NMLSR ID 433549
W SHINGTON-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VIC
•B(WA) (1302) 00 Rage 15016 inittals. Form 3048 1/01
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EXHIBIT "A"
LOT 5 OF PUGET VIEW TRACTS, AS PER PLAT RECORDED IN VOLUME 12 OF
PLATS, PAGE 87, RECORDS OF SNOHOMISH COUNTY AUDITOR;
SITUATE IN THE CITY OF EDMONDS, COUNTY OF SNOHOMISH, STATE OF
WASHINGTON.
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ADJUSTABLE RATE RIDER
(1 -Year LIBOR Index - Rate Caps)
(Assumable after Initial Period)
THIS ADJUSTABLE RATE RIDERis made this 8TH day of SEPTEMBER, 2014
and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed
of Trust, or Security Deed (the "Security Instrument") of the same date given by the
undersigned (the "Borrower") to secure the Borrower's Adjustable Rate Note (the "Note") to
WELLS FARGO BANK, N.A.
(the "Lender") of the same date and covering the property described in the Security
Instrument and located at:
8712 196TH ST SW, EDMONDS, WA 96026
[Property Address]
THE NOTE CONTAINS PROVISIONS ALLOWING FOR CHANGES IN THE
INTEREST RATE AND THE MONTHLY PAYMENT. THE NOTE LIMITS THE
AMOUNT THE BORROWER`$ INTEREST RATE CAN CHANGE AT ANY ONE
TIME AND THE MAXIMUM RATE THE BORROWER MUST PAY.
ADDITIONAL COVENANTS. In addition to the covenants and agreements made in the
Security Instrument, Borrower and Lender further covenant and agree as follows:
A. INTEREST RATE AND MONTHLY PAYMENT CHANGES
The Note provides for an initial interest rate of 3.375%. The Note
provides for changes in the interest rate and the monthly payments as follows:
4. INTEREST RATE AND MONTHLY PAYMENT CHANGES
(A) Change Dates
The interest rate I will pay may change on the first day of OCTOBER, 2021
and may change on that day every 12th month thereafter. Each date on which my interest
rate could change is called a "Change Date "
(B) The Index
Beginning with the first Change Date, my interest rate will be based on an Index. The
"Index" is the one-year London Interbank Offered Rate ("LIBOR") which is the average of
interbank offered rates for one-year U.S. dollar-denominated deposits in the London market,
as published in The Wall Street Journal. The most recent Index figure available as of the date
45 days before each Change Date is called the "Current Index."
If the Index is no longer available, the Note Holder will choose a new index which is
based upon comparable information. The Note Holder will give me notice of this choice.
Fcrm $131 3104
8,ULTISTATE ADJUSTABLE RATE RIDER - t.Vear LIBOR Inaer (Assumable Aker Initial Penod)
Sin9le FamI f - Freddie Mac UNIFORM INSTRUMENT P VMP890R (0844) 00
Waltero Kluwer Financrel Samces ImUals
Pape 1 dl 4
NMFLa 8519 0AR) Rev 212049
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(C) Calculationof Changes
Before each Change Date, the Note Holder will calculate my new interest rate by adding
Two AND ONE-QUARTER percentage point(s)
( 2.250 %) to the Current Index. The Note Holder will then round the result
of this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the
limits stated in Section 4(D) below, this rounded amount will be my new interest rate until the
next Change Date.
The Note Holder will then determine the amount of the monthly payment that would be
sufficient to repay the unpaid principal that I am expected to owe at the Change Date in full
on the maturity date at my new interest rate in substantially equal payments. The result of
this calculation will be the new arnount of my monthly payment
(0) Limits on Interest Rate Changes
The Interest rate I am required to pay at the first Change Date will not be greater than
8. 375 IN, or less than 2.250 %. Thereafter, my interest rate will
never be increased or decreased on any single Change Date by more than Two
percentage point(s)
( 2.000 %) from the rate of interest I have been paying for the preceding 12
months. My interest rate will never be greater than 8.375
%.
(E) Effective Date of Changes
My new interest rate will become effective on each Change Dale. I will pay the amount
of my new monthly payment beginning on the first monthly payment date after the Change
Date until the amount of my monthly payment changes again.
(F) Notice of Changes
The Note Holder will deliver or mail to me a notice of any changes in my interest rate and
the amount of my monthly payment before the effective date of any change. The notice will
include information required by law to be given to me and also the title and telephone number
of a person who will answer any question I may have regarding the notice.
B. TRANSFER, OF THE PROPERTY OR A BENEFICIAL INTEREST IN BORROWER
1, UNTIL BORROWER'S INITIAL INTEREST RATE CHANGES UNDER THE TERMS
STATED IN SECTION A ABOVE, UNIFORM COVENANT 18 OF THE SECURITY INSTRUMENT
SHALL BE IN EFFECT AS FOLLOWS:
Transfer of the Property or a Beneficial Interest in Borrower. As used in this
Section 18, 'Interest in the Property" means any legal or beneficial interest in the .
Property, Including, but not limited to, those beneficial interests transferred in a
bond for deed, contract for deed, installment sales contract or escrow agreement,
the intent of which is the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or
transferred (or if Borrower is not a natural person and a beneficial interest in
Borrower is sold or transferred) without Lender's prior written consent, Lender may
require immediate payment in full of all sums secured by this Security instrument
However, this option shall not be exercised by Lender if such exercise is prohibited
by Applicable Law.
MULTISTATE ADJUSTABLE RATE RIDER • 1 -Year LIBOR Index (Assumable ahei Innlal Penod) Form 5131 3,04
Smggle Fam,Iy � Freddie Mac UNIFORM INSTRUMENT ry
VM P �9i.r �� VMP856R !0804) 00
WoRem Kluwer F"1an^.lal Selicos ""als Page 2 of 4
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If Lender exercises this option, Lender shall give Borrower notice of
acceleration. The notice shall provide a period of not less than 30 days from the date
the notice is given in accordance with Section 15 within which Borrower must pay
all sums secured by this Security Instrument. If Borrower fails to pay these sums
prior to the expiration of this period, Lender may invoke any remedies permitted by
this Security Instrument without further notice or demand on Borrower,
2. AFTER BORROWER'S INITIAL INTEREST RATE CHANGES UNDER THE TERMS
STATED IN SECTION A ABOVE, UNIFORM COVENANT 18 OF THE SECURITY INSTRUMENT
DESCRIBED IN SECTION 61 ABOVE SHALL THEN CEASE TO BE IN EFFECT, AND THE
PROVISIONS OF UNIFORM COVENANT 18 OF THE SECURITY INSTRUMENT SHALL BE
AMENDED TO READ AS FOLLOWS:
Transfer of the Property or a Beneficial Interest in Borrower, As used in this
Section 18, "Interest in the Property" means any legal or beneficial interest in the
Property, including, but not limited to, those beneficial Interests transferred in a
bond for deed, contract for deed, installment sales contract or escrow agreement,
the intent of which is the transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any interest in the Property is sold or
transferred (or if Borrower is not a natural person and a beneficial interest in
Borrower is sold or transferred) without Lender's prior written consent, Lender may
require immediate payment in full of all sums secured by this Security Instrument.
However, this option shall not be exercised by Lender if such exercise is prohibited
by Applicable Law. Lender also shall not exercise this option if: (a) Borrower causes
to be submitted to Lender information required by Lender to evaluate the intended
transferee as if a new loan were being made to the transferee; and (b) Lender
reasonably determines that Lender's security will not be impaired by the loan
assumption and that the risk of a breach of any covenant or agreement in this
Security Instrument is acceptable to Lender.
To the extent permitted by Applicable Law, Lender may charge a reasonable fee
as a condition to Lender's consent to the loan assumption. Lender may also require
the transferee to sign an assumption agreement that Is acceptable to Lender and that
obligates the transferee to keep all the promises and agreements made in the Note
and in this Security Instrument. Borrower will continue to be obligated under the
Note and this Security Instrument unless Lender releases Borrower in writing.
If Lender exercises the option to require immediate payment in full, Lender shall
give Borrower notice of acceleration. The notice shall provide a period of not less
than 30 days from the date the notice is given in accordance with Section 15 within
which Borrower must pay all sums secured by this Security Instrument. If Borrower
fails to pay these sums prior to the expiration of this pertod, Lender may Invoke any
remedies permitted by this Security Instrument without further notice or demand on
Borrower.
MULTISTATE ADJUSTABLE RATE RIDER • 5•Yeji LIBOR Index (Assumable after Initial ?nnodl Form 5131 cu04
Sj%ge Family • haddie Mac UNIFORM INSTRUMENT
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Order: 500023572 Doc: SN:2014 201409120603 Page 19 of 20 Created By: dmedema Printed: 2/24/2015 10:29:36 AM PST
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained
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Order: 500023572 Doc: SN:2014 201409120603
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Page 20 of 20 Created By: dmedema Printed: 2/24/2015 10;29:36 AM PST