Resolution 1592RESOLUTION NO. 1592
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON, TO ACCEPT A DONATION IN THE FORM OF A TWO-
YEAR VEHICLE LEASE FROM LYNNWOOD HONDA FOR USE BY THE
EDMONDS POLICE DEPARTMENT.
WHEREAS, the City of Edmonds has received notice that Lynnwood Honda desires to
donate the use of a new Honda vehicle to the Edmonds Police Department for the use of the
Community Engagement Officer for a period of two years; and
WHEREAS, the vehicle and the terms of the two-year lease are described in the Closed
End Motor Vehicle Lease ("Lease") attached hereto as Attachment A; and
WHEREAS, the intent of the parties regarding responsibility for the lease payments and
other conditions of the lease are described in the Courtesy Vehicle Donation Agreement
("Agreement") attached hereto as Attachment B; and
WHEREAS, Chapter 3.45 of the Edmonds city code regulates the acceptance of donations
to the City; and
WHEREAS, ECC 3.45.030 provides that "[a]II monetary and nonmonetary donations with
a current value of up to $10,000 may be approved and accepted for the city by the mayor. All
donations with a value greater than $10,000 must be approved by the city council before
acceptance"; and
WHEREAS, Lynnwood Honda would like to provide the city with a donation in the form of
a two-year vehicle lease valued at Thirteen Thousand Eight Hundred Forty -Six Dollars
($13,846.00); and
WHEREAS, the City Council, after review and discussion, has determined that it is in the
best interests of the city to approve the acceptance of the donation on behalf of the city;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY
RESOLVES AS FOLLOWS:
Section 1. Recitals. The recitals set forth above are hereby incorporated by reference as
if set forth fully herein.
Section 2. Acceptance of Donation. The acceptance of the donation from Lynnwood
Honda in the form of the two-year vehicle Lease set forth in Attachment A with a value of
$13,846.00, which lease is to be undertaken in accordance with the Agreement set forth in
Attachment B, is approved and such donation will, to the extent reasonably feasible, be used
consistent with the donor's desired use. The mayor is hereby authorized to sign the Lease and
the Agreement.
Section 3. Severability. If any one or more sections, subsections, or sentences of this
Resolution are held to be unconstitutional or invalid, such decision shall not affect the validity of
the remaining portion of this Resolution and the same shall remain in full force and effect.
RESOLVED this 141" day of July, 2026.
—Al—k"
Mike Rosen (Jul 16, 2026 07:20:12 PDT)
MAYOR, MIKE ROSEN
ATTEST/AUTH ENTICATE:
CITY CLERK, LUKE LONIE
FILED WITH THE CITY CLERK: JULY 9, 2026
PASSED BY THE CITY COUNCIL: JULY 14, 2026
RESOLUTION NO: 1592
LLaw- H FS-UCL-WA-eps-14
CLOSED END MOTOR VEHICLE LEASE
Lease Date: 08/01/2026 (WITH ARBITRATION PROVISION)
1 /21 Attachment A
Deal #323193, Stock #260864
Lessor Name and Business Address
Lessee Name and Address
Co -Lessee Name and Address
LYNNWOOD HONDA
EDMONDS POLICE DEPARTMENT
N/A
22020 HIGHWAY 99
250 5TH AVE
EDMONDS, WA 98026
EDMONDS, WA 98020
County: SNOHOMISH
County:
Lessee BlIlincl Address if different than above
Vehicle Garaging Address if different than above
N/A
N/A
Principal Driver: N/A
County: N/A (if business use)
In this Lease, -you- and `your' mean the lessee and co•lessee. "We" "us" and "our" mean the Lessor named above, and any assignee of this Lease.
tarn of you wno signs the Lease is fomny ano sewraiy liame to us for ail Lease obligations. You are leasing the venicie described bebw (the -vemcie) from us. You agree to pay an amounts
due under the Lease and fulfill all your obligations under the Lease. In this Lease,'e" means an estimate. The Consumer Leasing Act Disclosures shown be!ow are also terms of this Lease.
You are leasing the Vehicle and have no ownership rights in theVehicie unless you exercise your purchase option.
Monthly Payment Lease: If your payment schedule shows monthly scheduled payments in Item 3A, your Lease is a monthly payment lease.
Single Payment Lease: If your payment schedule shows a single scheduled payment in Item 3B, your Lease is a single payment lease
1. The Vehicle
NewlUsed
Year
Make I Model
Bodv StVle I Vehicle ID 9
Odometer
Primary Use
Personal, unless otherwise
NEW
2026
HONDA CRV EX 4WD
AWD EX 2HKRS4H40TH459178
1
Indicated below
❑ business ❑ aaricultural
Vehicle Prior Use (as checked): ❑ Demonstrator ❑ Factory Official ❑ Rental ❑ Taxi or Livery
CONSUMER LEASING ACT DISCLOSURES
2. Amount Due at
3. Scheduled Payments
4.Other Charges (not part of your scheduled payment)
5. Total of Payments
Lease Signing or
A. Your first monthly payment of S- 554.00_ is due
(The amount you will
Delivery
on 08/01 /2026 followed by . _-23 payments
A. Turn•In fee (if you do not
have paid by the end
of S-554.00 NIA payments of
purchase the Vehicle and we do
not waive the fee under Item 25(t)) S 350. 00
of the Lease)
(Itemized in Item 6)
S N/A NIA naympntc of
B. _N/A S N/A
S N/A due on the 1 st of each month.
C N/A S N/A
B. Your single payment of S- N/A is due on
S 13846.00___
(2+3C+4D-6A3-6A4-
N/A
g _754.00_
C. The Total of your Scheduled Payments is
D. Total $ 350.00
6A5)
g 13296.00
6. Itemization of Amount Du 3
at Lease Si_ nlna or Delivery
A. Amount Due at Lease Signing or Delivery:
B. How the Amount Due at Lease Signing or Delivery will be paid:
1. Capitalized cost reduction (amount paid in cash) S N/A
Sales/use tax on amount paid in cash $ ---- N/A
1. Net trade-in allowance
S N/A
2. Capitalized cost reduction (credit for net trade-in allowance) S N/A
Sales/use tax on credit for net trade-in allowance S-- N/A
2. Rebates and noncash credits
$ N/A
3. First monthly payment S 554.00
4. Single scheduled payment S -NSA
3. Amount to be paid in cash
$ N/A
5. Refundable security deposit $ N/A
6. Lease acquisition fee S NIA
4.Other DEALER CONTRIBUTION
S 754.00
7. Title fees S N/A
8. License and registration fees S- N/A
5. Total
$ 754.00
9. Salesluse tax (excludes any tax shown in 1. or 2. above) S- N/A
10. DOCUMENTATION FEE __ $ 200.00
11. N/A S- N/A
12. N/A S- N/A
13. Total S - 754.00
7. Your scheduled payment Is determined as shown below:
A. Gross capitalized cost. The agreed upon value of the Vehicle ($- 36756.01 ) and any items you pay over
the lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance).
S 36756.01
B. Capitalized cost reduction. The amount of any net trade-in allowance, rebate, noncash credit, or cash you
pay that reduces the gross capitalized cost. -
$ N/A
C. Adjusted capitalized cost. The amount used in calculating your base scheduled payment.
$ 36756.01
D. Residual value. The value of the Vehicle at the end of the Lease used in calculating your base scheduled payment. -
$ 24756.00
E. Depreciation and any amortized amounts. The amount charged for the Vehicle's decline in value through
normal use and for other items paid over the lease term. -
$ 12000.01
F. Rent charge. The amount charged In addition to the depreciation and any amortized amounts. +
$ N/A
G.Total of base scheduled payments. The depreciation and any amortized amounts plus the rent charge.
S 12000.00
H. Lease payments. The number of payments in your Lease.
24
I. Base scheduled payment. =
S 500.00
J. Sa les/use tax (e). +
S 54.00
K. N/A +
S N/A
L. NIA_ _ +
S N/A
M.Total Scheduled Payment. -
S 554.00
Early Termination. You may have to pay a substantial charge If you end this Lease early. The charge may he up to several thousand dollars.
The actual charge will depend on when the Lease Is terminated. The earlier you end the Loose, the greater this charge Is likely to be.
8. Excessive Wear and Use. You may be charged for excessive wear based on our standards for normal use and for mileage in excess of 12000 _
miles per year at the rate of S 0.20
- per mile.
ther Important Terms. See your Lease documents for additional information on early termination, purchase options, maintenance responsibilities,
T
nties, late and default charges, insurance, and any security interest, if applicable.
NOTICE: ALL PAGES OF THIS LEASE CONTAIN IMPORTANT TERMS AND CONDITIONS, INCLUDING AN ARBITRATION PROVISION. THE TERMS AND
CONDITIONS ON ALL PAGES ARE PART OF THIS LEASE.
Lessee Initials X - Co -Lessee Initials X N/A HFS-UCL-WA-eps-14 1121 v1 Page 1 of 5
/Wa Rhfc91 rldnnfdrl5-af::tl .4r149-hFari.RRRr1974nrioah
11. The Trade
-In Vehicle
Year N/A Make N/A Model
N/A
A. Gross Amount of Trade -In Allowance
$
N/A
Sales Tax Exemption for Agreed Value of Trade -In Vehicle
$
N/A
B. Less Trade -In Payoff —
$
N/A
Reduction in Total of your Scheduled Payments Resulting
C. Net Trade -In Allowance (If less than 0 then enter 0) =
$
NIA
from Application of Sales Tax Exemption
$
N/A
12. Itemization of Gross
Capitalized Cost
A. Agreed upon value of the Vehicle:
$
36756.01
K. N/A
$
N/A
Other amounts included in the gross capitalized cost:
L. N/A
$
N/A
B. Taxes
$
N/A
Optional Insurance, Products, and Services:
C. Title, license, and registration fees
$
N/A
M. N/A
$
N/A
D. Lease acquisition fee
$
N/A
N. N/A
$
N/A
E. Administration fee
$
N/A
O N/A
$
N/A
F. Prior credit or lease balance
$
N/A
p. N/A
$
N/A
G. Documentary service fee
$
N/A
0. N/A
$
N/A
(THE DOCUMENTARY SERVICE FEE IS A NEGOTIABLE FEE.
R. N/A
$
N/A
Documentary service lees are not required by the state of Washington.)
S. N/A
$
N/A
H. N/A
$
N/A
T. N/A
$
N/A
1. N/A
$
N/A
U. Total Gross Capitalized Cost:
$
36756.01
j. N/A
$
N/A
IFYOU DO NOT MEET YOUR OBLIGATIONS UNDERTHIS LEA E WE MAY RETAKE THE VEHICLE.
13. Official Fees and Taxes. The total amount you will pay for official and license fees,
registration, title and taxes over the term of your Lease, whether included in your scheduled
payments or assessed otherwise: $ 1296.00 (e). The actual total of fees and taxes
may be different than this estimate based on changes in the tax or fee rates and the value of
the Vehicle when the fee or tax is determined.
14. Late Payments. For any payment not received within 10 days of the date it
is due, you will pay a late charge of $25 or 5% of the part of the payment that is late,
whichever is less.
You will not have to pay a late charge if the only amount that is late is a late charge you
owed for an earlier late payment.
15. Returned Payment and Unpaid Fines and Fees. You will also pay a retumed payment
charge of $ 25.00 for any check, instrument or electronic funds debit that is
returned unpaid for any reason, 'd the law allows it. If you don't pay a fine, penalty, toll, or
parking ticket and we elect to pay it, you will reimburse us for the amount paid plus a
S 25.00 Administrative Fee per incident, if the law allows it.
16. Warranties. The Vehicle is subject to the manufacturer's standard warranty, unless
this box is checked: ❑
❑ If this box is checked, the Vehicle is subject to the following express warranties:
N/A
N/A
N/A
Warranty papers that are separate from this Lease state any coverage limits.
The law gives you a warranty that the Vehicle conforms to the description in this
Lease. THERE ARE NO OTHER EXPRESS WARRANTIES ON THE VEHICLE.
Except as prohibited by law, the following sentence applies. WE DISCLAIM ANY
WARRANTIES IMPLIED BY LAW, INCLUDING THE IMPLIED WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE.
If we make a written warranty covering the Vehicle or, within 90 days of the Lease
Date we enter into a service contract covering the Vehicle, this disclaimer will not
affect any implied warranties during the term of the warranty or service contract.
❑ If this box is checked, the disclaimer above does not apply.
17.OPTIONAL INSURANCE PRODUCTS AND SERVICES
You are not required to buy any of the following optional insurance, products, or services to enter into the Lease. The term of any optional insurance, product, or service will be the lease term, unless a different
term is shown below If you decide you want to purchase insurance or an optional product or service, review the terms of the contract, policy, or certificate that describes the insurance, product, or service before
you initial below, A completed copy of the contract, policy, or certificate will be given to you as soon as practicable. By Intlialing below, you indicate that you want to buy the optional Insurance, products, or
services indicated. B the cost shown below Is not shown as part of the Itemization of Amount Due at Lease Signing or Delivery (Item 6), it has been added to the Gross Capitalized Cost (Item 12).
Optional Insurance Product or Service
Term/Covers a
Price
Name of Provider
Approval
N/A
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
WA
N/A
N/A
N/A
Lessee
Initials N/A
N/A
N/A
N/A
N/A
Lessee
Initials N/A
18. EXTRA MILEAGE
You are purchasing extra miles per year at a rate of $ per mile. The extra miles are included in the amount shown in Item 8 'Excessive Wear
and Use." ❑ If this box is checked, you will receive a credit for unused purchased extra miles if this Lease ends on or after the start of the last monthly period (see Item 20A). This
credit will equal N/A cents per purchased unused mile times each mile under N/A , up to the N/A total extra miles you purchased. You will
not receive this credit for unused purchased miles if this Lease ends before the start of the last monthly period, the Vehicle is destroyed, you purchase the Vehicle, or you are in default.
19.TYPES AND AMOUNTS OF REQUIRED INSURANCE COVERAGE
You must maintain the following types and minimum amounts of insurance: $ 25,000 per person for bodily injury; S 50,000 per accident for bodily injury; $ 10,000
per accident for property damage. If the minimum amounts of insurance required by the state in which the Vehicle is garaged are higher than amounts stated in this Lease, you agree to maintain
insurance that meets the minimum state requirements. You agree to maintain collision, fire, theft, and comprehensive coverage with a maximum deductible of S 1,000 See Item 25(a)
for additional insurance provisions. You confirm that insurance policies that meet the requirements described in this Lease are in force on the date of this Lease.
Insurance Provider N/A Policy Number N/A
Agent's Name N/A Agent Phone Number N/A
Agent's Address WA
20. LAST MONTHLY PERIOD AND LEASE TERM
21. HOW THIS LEASE CAN BE CHANGED
A. The start of the last monthly period for a monthly payment lease is the due date for the
This Lease contains the entire agreement between you and us relating to this Lease. Any change
last monthly payment. For a single payment lease, the start of the last monthly period is
to the Lease must be in writing and both you and we must sign it. No oral changes are binding.
the date that is one month before the scheduled lease end.
Lessee Signs X_ _
B. The scheduled lease term is 24 months.
Co -Lessee Signs X N/A
22. EXCESS WEAR WAIVER
We will waive excess wear charges (Item 25(c)) in an amount up to $ 500.00 if, at the time this Lease ends, you are not in default under the terms of this Lease (Item 23).
Lessee Initials X Co -Lessee Initials X N/A
/WaBhfs21
HFS-UCL-WA-eps-14 1/21 of Page 2 of 5
04c0f4d5-af31-4d42-h5ad-R8802740deah
23. DEFAULT, REPOSSESSION AND OTHER REMEDIES
You will be in default il:
" You do not pay any payment on the scheduled due date; or
• You do any of the following: • You do not pay any other amount due under this Lease when we
ask that you pay it; • You provide any false or misleading information in any Lease appiation;
• You tail to maintain required insurance; • You lose possession of the Vehicle by confiscation,
forfeiture or other involuntary transfer whether or not the Vehicle is the subject of judicial or
administrative proceedings; " You amgn the Luse or transfer the Vehicle without our odor
written permission, or attemptto do either: • You start a bankruptcy, receivership. or insolvency
prang or one is started against you or your property; • You do anything that endangers the
Vehicle or your ability to pay your Lease obligations; " You fail to return the Vehicle when
required to do so under this Lease; " You fail to meet any other obligation under this Lease;
• You do anything the law says is a default.
If you are in default, after providing any notice and waiting any time the law requires, we may do any
of the following: • End this Lease early and require you la pay the amount due at early termination;
• Take any action we believe is required to protect our interest in the Vehicle (for example buying
insurance) and our action will not cure your default • Add any amounts we spend taking these actions
to your Lease obligation and charge rent on the amount added, or at our option, ask you to pay these
amounts right away-, • If the Vehicle is equipped with electronic tracking technology, use it to find the
Vehicle; " Cancel any optional insurance, products, and services included with this Lease and apply
any refund b your Lease obligations (you hereby instruct any provider of such insurance, products,
and services to pay us any refund or credit due on early ancelation); • Take (repossess) the Vehicle
wherever we find it and enter any properly where the Vehicle may be to do so; • Sue you for damages
or to get the Vehicle back; - Pursue any other remedy the law gives us.
We will exercise our rights without breach of the peace, at reasonable times and places, in a
reasonable way, as the law allows. We may use the license plates on the Vehicle to move it to a
storage place. After repossessing the **to. we will hold it free of any rights you may have under
this Lease, subject to any nigh! the law gives you to are the default or recover the Vehicle. We may
take and store any personal items that are in the Vehicle. If you do not ask for these hems back, we
may dispose of them as the law allows. You wilt pay our reasonable expenses of taking these actions
as the law allows. These expenses may include expenses of taking and storing the Vehicle, attorneys
fees, collection costs, and court costs.
To the extent allowed by law, you waive: () notice that we intend to end this Lease and require you
to return the Vehicle, (ii) notice that we have ended this Lease and that you are required to return the
Vehicle, (iii) notice that we intend to require you to pay the Early Termination Liability, (Iv) notice that
we are requiring you to pay the Early Termination Liability, (v) notice of our intention to take
possession of the Vehicle, (0) notice that we have taken possession of the Vehicle, and (vii) any other
notices pertaining to our exercise of our rights or of our intention to exercise our rights.
24. EARLY TERMINATION LIABILITY
When the Lease Can End Early. You may terminate (end) the Lease early by returning the Vehicle
to us and paying us your early termination liability (see below) when we ask for it.
We may and the Lease early 9 you are in defauh; the Vehicle is destroyed or damaged beyond repair,
stolen or lost (a 'Total Loss; or you tie and there is no surviving lessee. If we end the Lease, you
must return the Vehicle to the place we designate and pay us the early lermination liability (see
below) when we ask for it.
Early Termination Liability. Unless the Vehicle is a Total Loss, forfeited, or confiscated subject to
Item 25(b), we will figure your early termination lability as follows:
Monthly Payment Lease. You will owe the amount, if any, by which the Adjusted Lease
Balance (see definition below) exceeds the Vehicle's Fair Market Wholesale Value (see
definition below) at termination. If this amount is more than the total of the following amounts,
you with instead pay the total of the following amounts: • The total of your base scheduled
payments not yet due; • An excess wear charge (see Item 25 c)); and " An excess mileage
charge for any riles in excess of the permitted mileage during the scheduled lease term at
the rate per mile shown in Item B.
Single Payment Lease. The Base Scheduled Payment (Item 71) paid at lease signing prepays
Me depreciation and any amortized amounts (Item 7E) and the rent charge (Item 7F). If the
Vehicle's Fair Market Wholesale Value at termination (see definition below) exceeds the
Adjusted Lease Balance (see definition below), we will give you a credit for the excess up to the
amount of the Unused Base Scheduled Payment (see definition below). If the Adjusted Lease
Balance exceeds the Vehicle's Fair Market Wholesale Value at termination, you will owe the
excess up to the total of the following amounts: • An excess wear charge (see Item 25(c)); and
• An excess mileage charge for any miles in excess of the permitted mileage during the
scheduled lease term at the rate per mile shown in hem 8.
In addition to the amounts described above, you will also owe us the Item 4A Tum-In Fee unless this
fee Is waived under hem 25(t) plus the Additional Amounts Due and we will apply the Additional
Credits to the amount you owe (see Item 25(s)). The amount due under this Item 24 includes any
exec of the residual value (Item 7D) over The Fair Market Wholesale Value, as limited in this Lease.
Definition of Adjusted Lease Balance.
Monthly Payment Lease. The Adjusted Lease Balance equalsthe difference between: (1) The
Rem 7C Adjusted Capitalized Cost; and (2) all depredation and amortized amounts in the base
scheduled payments that have become due. Each Item 71 Base Scheduled Payment consists
of • a rent charge portion; and • a portion allocable to depredation and any amortized amounts.
Ahlhough the amount of your Item 71 Base Scheduled Payment does not change, different
portions of each Base Scheduled Payment are allocated to • rent charge; and • depredation and
any amortized amounts. The portion of a Base Scheduled Payment that is allocated to
depredation and any amortized amounts is equal to the Base Scheduled Payment minus the
rent charge for that month. We use the Constant Yeld Method to figure the rent charge portion
of each Base Scheduled Payment. Under the'Conslant Yleld Method," the rent charge for each
scheduled period is earned in advance by multiplying the constant rate implicit in this Lease
times the Balance Subject to Rent Charge as it declines during the lease term. At any given time
during the lease term, the "Balance Subject to Rent Charge' Is the difference between the Item
7C Adjusted Capitalized Cost and the sum of: (i) all depreciation and amortized amounts
accrued during the previous monthly periods, and (if) any Base Scheduled Payment paid at
Lease signing or delivery. The scheduled rent charge calculations are based on the assumption
that we will receive your scheduled payments on their exact due dates and that the lease goes
to its full term.
Single Payment Lease. The Adjusted Lease Balance at the beginning of the Lease equals: (i)
The Item 7C Adjusted Capitalized Cost; minus (f) the Item 71 Base Scheduled Payment. At the
beginning of each month, the Adjusted Lease Balance increases by the rent charge for that
month. We use the Constant Yield Method to figure the rent charge for each month, Under the
'Constant Yield Method' the rent charge for each monthly period is earned in advance by
multiplying the constant rate implicit in this Lease times the Balance Subject to Rent Charge as
it increases during the lease term. At arty given lime during the lease term, the "Balance
Subject to Rent Charge" equals: (i) the hem 7C Adjusted Capitalized Cost; Onus (ii) the hem 71
Base Scheduled Payment; plus (iii) all rent charges accrued during previous monthly periods.
The rent charge calculafons are based on the assumption that the Lease goes to its full term.
Definition of Fair Market Wholesale Value. Unless you exercise your independent appraisal right
(see below) or you and we agree on another amount, the Fair Mafket Wholesale Value of the Vehicle
is, at our option: • the price we receive fa the Vehicle at disposition; • the highest offer we receive for
disposition of the Vehicle; "or the wholesale fair market value of the Vehicle.
Definition of Unused Base Scheduled Payment (Single Payment Lease). The Unused Base
Scheduled Payment equals: (1) the Item 71 Base Scheduled Payment; divided by (it) the number of
months in the lease term (Item 20B); times (ii) the number of full months remaining after the date
of the early termination unfit the scheduled lease end.
Your Independent Appraisal Right. To the extent your early termination liall takes into account
the value of the Vehicle at termination, you may get a professional appraisal of the Vehicle's fair
market wholesale value. If you do so within a reasonable time. we will use the appraised value as the
Fair Market Wholesale Value. The appraiser must be an independent third party. You and we must
agree on the appraiser. You must pay for any appraisal. The appraisal will be binding.
25. OTHER TERMS AND CONDITIONS
(a) Insurance. For the duration of the lease term, and until you return the Vehicle, you agree to
maintain the amounts and types of primary insurance as indicated in Item 19 on page 2 of this
Lease in your name. You may buy the insurance from any insurance company authorized to do
business and that is reasonably acceptable to us. You must indicate us or anyone we require
as an additional insured and loss payee on your policy. Your policy must state that we will be
given at least 30 days' notice of any material coverage change, reduction, or cancellation. If
your insurer does not pay a claim for any reason, it will mean that you have not maintained the
required insurance. You will pay for any loss we incur because you do not maintain required
insurance or because the insurer does not pay a claim. If you fail to obtain and maintain the
required insurance, we may, if we choose, buy it for you. We may add the amount we pay for
this insurance to your unpaid Lease obligations and charge rent on the amount added, or at our
option, ask you to pay it right away. If we decide to buy this insurance, we may either buy
insurance that covers your interest and our interest, or buy insurance that covers only our
interest, unless the law requires us to buy insurance that also protects your interest. If the
Vehicle is damaged, stolen, or destroyed, and money becomes available from insurance, a
judgment, a settlement, or the like, we will be entitled to the money. If the Lease ends in
connection with our receipt of the money or has already ended at the time we receive 4. we will
treat any of the money we do not use to repair the Vehicle as part of the price we received for
the Vehicle at disposition, unless otherwise provided for in Item 25(b).
NOTICE: PHYSICAL DAMAGE OR LIABILITY INSURANCE COVERAGE FOR BODILY
INJURY AND PROPERTY DAMAGE TO OTHERS IS NOT INCLUDED IN THIS LEASE
(b) Total Loss, Forfeiture or Confiscation of Vehicle. If, during the lease term, the Vehicle is a
Total Loss (as described in the second paragraph of hem 24, Early Termination Liability) or the
Vehicle is forfeited or confiscated under governmental authority, we will end the Lease early as
described in Item 24 Early Termination Liability, and you will owe the amounts described in the
following paragraphs of this Item 25(b) instead of the amounts described in Item 24. You will
notify us in wriling after arty event that might cause the Vehicle to be a Total Loss or to be
forfeited or confiscated under governmental authority. You will promptly file a police report if the
Vehicle is stolen or lost. You will give us any documents we request that are reasonably related
to a Total Loss.
Monthly Payment Lem.
If the Vehicle is a Total Loss that is not the result of your fraudulent, criminal. or other
intentional wrongful act and we receive a settlement under an insurance policy that
complies with the requirements of this Lease (see hems 19 and 25(a)), you will have gap
protection, which means:
We will deduct the Additional Credits (see Item 25(s)) from the Adjusted Lease
Balance (see hem 24) to compute a net lease balance (the "Net Lease Balance').
It the Net Lease Balance is greater than the insurance settlement we receive, you
will owe the excess up to the sum of the following: (i) the amount of your insurance
deductible; and (ii) the total amount of any deductions from the value of the Vehicle
used to compute the insurance settlement we receive due to past due premiums or
the condition of the Vehicle before the Total Loss occurred.
If the insurance settlement we receive is greater than the Net Lease Balance, you
will receive a credit for any excess up to the amount of the Additional Credits
deducted above.
If: (i) the Vehicle is a Total Loss and we do not receive a settlement under an insurance
policy that complies with the requirements of this Lease, (ii) the Total Loss is the result of
your fraudulent, criminal, or other intentional wrongful act, or (iii) the Vehicle was forfeited
or confiscated urhder governmental authority, then you do not have gap protection, which
means:
You will owe us: (i) the Adjusted Lease Balance; minus (ill) any part of your
insurance deductible that you pay us; minus (ii) any settlement we receive from
your insurance company; minus (iv) any amount we receive for selling the Vehicle
as salvage; plus (v) if the Vehicle is returned to us, the Rem 4A Tum-In Fee unless
this fee is waived under Item 25(t). If the amount we figure in the preceding
sentence is less than zero, we will not give you a credit for that amount. We will
apply the Additional Credits to the amount you owe (see Item 25(s)).
Single Payment Lease.
If the Vehicle is a Total Loss that is not the result of your fraudulent, criminal, or other
intentional wrongful act and we receive a settlement under an insurance policy that
complies with the requirements of this Lease (see Items 19 and 25(a)), you have gap
protection, which means:
You will receive a credit for the Unused Base Scheduled Payment (see Item 24). We
will deduct the Additional Credits (see Item 25(s)) from the sum of the Adjusted
Lease Balance (see Item 24) and the Unused Base Scheduled Payment to compute
a net lease balance (the 'Net Lease Balance').
If the insurance settlement we receive is greater than the Net Lease Balance, you
will also receive a credit for the excess up to the amount of the Additional Credits
deducted above.
If the Net Lease Balance is greater than the insurance settlement we receive, you
will owe the excess up to the sum of the following: (i) the amount of your insurance
dedudibe; and (ii) the total amount of any deductions from the value of the Vehicle
used to compute the insurance settlement we receive due to past due premiums or
the condition of the Vehicle before the Total Loss occurred.
If: (i) the Vehicle is a Total Loss and we do not receive a settlement under an insurance
policy that complies with the requirements of this Lease, (ii) the Total Loss is the result of
your fraudulent, crimmal, or other intentional wrongful ad, or (ii) the Vehicle was forfeited
or confiscated under governmental authority, then you do not have gap protection, which
means:
You will owe us: (i) the Adjusted Lease Balance; Onus (ii) any part of your
insurance deductible that you pay us; minus (iii) any settlement we receive from
your insurance company; minus (iv) any amount we receive for selling the Vehicle
as salvage; plus (v) if the Vehicle is returned to us, the hem 4A Tum-In Fee unless
this fee is waived under hem 25(t). II the amount we ligure In the preceding
sentence is less than zero, we will give you a credit for that amount, up to the
amount of the Unused Base Scheduled Payment. We will apply the Additional
Credits to the amount you owe (see Item 25(s)).
In addition to the amounts in this Item 25(b), you will also owe us the Additional Amounts Due
(see Item 25(s)). You will receive a credit for theAdditional Credits only as described in this Item
25(b).
Lessee Initials X Co -Lessee Initials X N/A
/WaRhfc91
HFS-UCL-WA-eps-14 1/21 v1 Page 3 of 5
04rrlf4rt..i-cif.41-4r149-hFari-AARf19740HPah
let SanduMbrWuraMUee.YouaVotopaya ommmilea
am an excess wear ch arga, at Ne eaRy e! of f Ns Lma b itre a
the scheduled lease end, minus the arowt, it any, of Nw excess
22. Excees wear is wear havand Me Minor war reayouni Ari
and
cos or ramenng any excess my.. (We do M new to make the rean.) f
must be made ISM all egmmat mawtaclues pans a those
or modals pmucmg mawg keys or re Me army deices) school our poor
ma; def dips. arredestacks pegs, whica staining, oHmsion or
Per MY Wrters. Some son, ergaapowenrdin, name. whees. faor
dry ether panel to inMW;- numerical adega l mMbuMon. LpWs",,
damageslul or leers. derled font a mnIMI a drought ham whom, antl,
dal Rwest pant, • any per NM forms; the Vast unak, incapable of passing any re)Nred
inspaclen or makes the Verde our may, tough or unselely; and -any other wear beyond normal
wear. The fall Mepugairmalmaln a repairthe Verde may bemngdered Own mar. You
wnl mom a change for excess mileage or ea toss wear I I you pumham the Vehicle.
• Fa a monthly payment lease the hem lM Real Scheduled Payment.
• Far a srgle payment turn. the Item led Taal Sahedukd Faymml duead by Me n of
Months in In lama not Ira Me
Your mYmal does at pumkt you M heap the Vehkcle unless you get our perMsian n advance
(9) Mahwwme. You wit merman Ind Verge in goon w n ale and repm.. You ailpay all
obi N wit Of as madval cif, ate m}'M ant ffies. Yo wh, aI your epma, serum to
Vehicle ac cui to me owner's mare m rainknarkR ane0uls. If Ion Vel is raveled. you wit
have to teat rmwm or sersmpMaml. You witusawgina equipment mandaWrer'spads or
Mmeot Spurs value,MARY,, and pedomance in five maintenance and s ed Re Ve M. of
may ton am not required b proace you with a replacement w*W for any mamn. You wit maintain
and keep YI the Ve cue a record of ail maimenum pMmmed on Me w rmho TNs malnemnm
aft will be available M be at my time, and wy M prmided to us at the and of the Loam.
ph) ReglMradm, Parking TickoW, Tolls and Taxis. You mud kmp Mo VeNde ommly regidered.
You mug Pay ail Parking Ilfkole. boat ate traffic hnm coal to Me Vehicle. If you do net pay each
batik, idW and fines Are may do m for you, and you Sri pay us upon demand. We may add the
amowl to what you owe us It you r nd pay us when we make demand You muss pay wren due
co reimburse us R w Pay Ito you, all government charge, fees and MtN whelhw umud
two wet axe, Sall Interest or persons are aaesmd (things the intaal m potatoes
of mrneglgenuo you rest pay 1de inlxest crpennars wmn deem rem" us ,I wh
YOU muss pay conai preel uxm, ad VAWrem, mhos, Use and elmW Mxw ea
to Vehicle whether sued tees and lazes are billed during or saw the lease Wm, or
you we bikd b Nam by the Panama meet or whwMyr we pry Nam And logo you
irclMg event ofeach Mo m Wet of yam sehlim pfyteant We mayo
=M edwym 0Mmchage.ayou Of pay a fine, penalty, roll or paring not
to pay It you wR rekMual us for the amount peed plus the Rem 15 AID inlstmMa Fee.
() threat the VMlldLvIou will was Me Vmkdelme MYnany Rensordelmm. Yet RAYetfe
and are rmon9bBWRe VAdAs damn or rMagrodan. Vnu gll v,P•I lmlho Veal
consent, after or InOal equlpmm Nat makes the Vehicle all
Vehicle in a manner Mat your insurance pokey MaNM or in a
Use the Vehlde In Mgre peofmarca coring awns am mare of any hu c, no performance
am , aany school amdnm;•Live tle Vehptle IN M mad travel d adrms press the weeds
W a spot unity vande; or • Change to Vfte wldou par "Wiffife crosem. You aft he MI
mlypm Mm ram' 01imW Nigt
m ndmonMmthm. We are at respenetNe W arty inli damages expenses or creams,
M Ing g ions for attorney lees or under pre Matt liability doerriro, taus! by Me
manfename, conoitbn, or opemmn oruveoi Ne Vehi k. You agmeM ndemnity and hold
use ism our amignms, successors, agents, and ireurem) Manner for at each Injuries,
damages, expenses am claims.
fit) Assignment n Re d Pfmiwns and GNer AmomM. You assign M a any weam!
relur pr hums or Marges or Mher amWris Audi to insurance Or any opnbnM prMW1 of
Arabs solid in Mimi with Ns Lease and returned a paid to US We wn we these MIMI It
hall amounts you all MOW they Lmw. YOU of film an ImereSi, Increase, or MUM WIN raspo
to such pmpony.
(1) Your Odometer Gbllgatbna. You All mMnain Me odm u of Vehide so that It always rebates
No Vehicles actual mllwgB. It the Manner Is M any time inoperable you will pmNde m Of
reaaubledoweMe dlhe Verdes actual alegge. If you are arable to do so, you All pay us our
feaalreble estimate N any midioo of INS Vedas fair made@ value reused by the Into lhy to
Mon DNe VMcIUS a aW3l mIIPe9e.You *11store MS wrhn an Marine certification at MY Arne
we fayL9aw. We may repuest more than one cmfihcaoon dnng ion term of this Lease.
Imp Mt Note: Federal law mouUee you to ter us the Vehlde's magage in connection won
apansiesof VlicWownwshlp. You my befthlM ad rimmison! it you donotcomp1oU
to compound or II you "a a false sWmmi.
(m ASSignmeM ate Transfer 0 Me Yepicle. You may hot assign the Leese or transfer Me Wide
wRhou I our pews wriam permiuWn We may assign al of per ngms abler Ma Lease. Any pew
to Atom des Lau is assigned may •magn it My are and usgmum by AS wf net be
considered to ctange mailaly your Jones, puMm, a oak under this Lease.
(9) OwmmMiL We are Me tole ownors of the VerndeindMing anginal acessehes and any inmkd
alter Me Lege begins. Thee is a Ice lease for tax and othH Wrp m and we receive be oe ORIS 0f
mn mhp. We have mat given you any Information and adace regareng pmsom tax monsoon"
underlhia Lmm.
(0) Inspection. Upon reasonable mlfoe b you, at any reasonable place and time a choose We may
Inspect this wholly end you agree to MMpw win such inspection.
Ito) Waiver. We may delay or retrain tram cofte g any of our dghle under Nis Loam wilhout bring
Rem.
(nd GiWng Notim.NMcmmaybegivupersonelyorsmttynMlammaildo . NOEMsmanedtousmun
be mn!to anum own
ouswhen they a ail wend awisadMat Immnmt Whone.Names shah
Mum
mor mnedy0u5o youhen Neyarey,was l &Ry gienor an M'.Mal theur ma; addressed
shallbat Spur Malttoyouwwn May,wasrpeaor,any givenandwhetmMunt inn Insmil. atievesed
no youatyear sou areNon 10dawc ourrsa own IMr'a you Mgrnotactuallyamemoar
mailedarMat,on Own use
young MmcelsamaWnMlenoncepmm,unesesmielaw remirm
a htgerpanM. in whch mse you free Nat the slatarmlund Perod is reaswable.
(1) Smfi ng ate Colleellm Com N. You ayes that we ae we as any Mid party ra6rp on our
behalf and any areall may try to monad you in wing. by email, a usng preremmly cW
you messages, kd massages, and automatic telephone coaling systan u in the law allows. You
M9J agree that we as wan a any held party coling On our Lwhan and any asalgnm may by b
=%d you in these and ether ways at any address orielephone number you boards m, Men It the
telephone number is a bill prone number or Me contact towns In a Merge t0 you. You agree to
prof la wit curate mnlat Information.
(a) Addftlml AmoWB Due and Addahul Credits. Regardless of how Nis Luse ands, you *III
owe us the lollowng amounts .• Any official less and taxes related be the W iirdon.- My other
anmundi under Nis Luse MdMng any mid late charges or other amiduo because you
IMWd to novel your odigadam under this Loa I"Addngnal Amounts Dmy. n Nis Lena ands vary,
we nay canon any tpbul Imuraae, mMmerhamw, anire, m dices mfracts no uded In dW
-mere or dsim barwfns under Nam to rawa war you owe or raper the Vereck fPtldtlorel
Creul
N) Tum•h FeeN r. Trt Men AA Tweln Fee or l to waiwL if, d de NMAIhs lease W& you eater
into a meta node Ica Or instruments me moll Ire: the buter Usage to troops financial
Sol
(u) Liability Upon Tmmfnadom at 90e Wet Lease 5n or Gn or After Me Mae of last Manner
Period. Upon renmoltbe Vehicle. you art l pay us Me from of the Rest whosto. • Na dam aA
Turn -In Fee unless has too Is weaved order Item 25g;-an e¢ s mikage charge for any Miss in
excess of Me permitted wall during be scheduled leer of and the rate per tulle shown in Rare
8;- any town mar charge own 3d)); • any amounts due order Item P5(Q Mi you baled to
return the Vehicle on time; • the Addiimal Olnewis Due lam Item 251M). We will apply Me
MdnlmN Crd6' W10 the amo nt you owe (see Item 2lil
(I SoMmeni of lnunnes Claim. It them is my damage or bon to to Vehlde. you agree that we
or our agent may glee why insurance claim or sigh your name on any We or regst2lron or on any
cheat or daft Of fineha for me Vehicle damage Item.
(w) Jury Taal Waived In the weld of IMgadm, morning any claim or dispute,
wladw in mnlrod, tm1, or elhwwim, you and we each agrees to wive my right
you and we trey be" to a jury for as the Nwallows
(x) TMdnalice 9ydem Damage. Tho Venitle is eguppef arm Merradm System Nat mnecw and
:rmmn.ls to Lessor ate its grows de iiau idamaon a0mul Ion Vehicles Maner. cant
opemuw (taof apeit throne ate brake inout math starts ate satervi 1. information that
may be Ied to me vitae derA&Mon number (VINI arst can be mmOned to create a pack of a
whkw As me as the operators rAllaeuon of Used teabres. One of the impoMnlumtiora of ins
program is bpmstde Lmat with impaMnl ma effied information about Lomas use, nducul but
not Imged to use h u ls, demographic prpMes, are wtide penmmafea You aNlae us (aMror
our affiliates) M Mat retain, and use such infonmM .
Y)
la) General. feral hew and the law ofthe gale of Lesar's address on page l of INS Lease apply to
Nis mne.liarypadoi MSLeam isimalid unenforceable or illegal in anyhoedkllon, the pat that
Is invaad, unwfooubk or Illegal Mimi or mledive as W the pandictiM. The rest DI IW Lease
wl be w(om abed except as groMed in the A•Npafion Poueon. M page 5 of INS Lmse. INS
LOAM h as spire My Mt We have none he prom ai you mJ MnM In INS LmW. Bang
pan of INS is IMM by a con a Mat it Male memWnon body to be mid or umf m&e.
f1M Lease Is to be real M t this[ pan were aver=@red In Ilia Lean.
Lessw InMWs X Co essee Initials X N/A HFS (IGIL-I lui ad 1/21 or Page 4 of 5
AVARIa l outrofdrUS-af11-4tld>.hFari-fJlRll��dnAmh
26. ARBITRATION PROVISION
ARBITRATION PROVISION
PLEASE REVIEW - IMPORTANT - AFFECTS YOUR LEGAL RIGHTS
1. EITHER YOU OR WE MAY CHOOSE TO HAVE ANY DISPUTE BETWEEN US DECIDED BY ARBITRATION AND NOT IN COURT OR BY JURY TRIAL.
2. IF A DISPUTE IS ARBITRATED, YOU WILL GIVE UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE
AGAINST US INCLUDING ANY RIGHT TO CLASS ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS.
3. DISCOVERY AND RIGHTS TO APPEAL IN ARBITRATION ARE GENERALLY MORE LIMITED THAN IN A LAWSUIT, AND OTHER RIGHTS THAT YOU AND WE WOULD -LAVE IN COURT MAY
NOT BE AVAILABLE IN ARBITRATION.
Any claim or dispute, whether in contract. ton, statute or otherwise (including the interpretation and scope of this Arbitration Provision, and the aroitrability of the claim or dispute), between you and
us or our parents, subsidiaries, affiliates, employees, officers, agents, representatives, predecessors, successors or assigns, (individually and collectively "us' or'oun which arises out of or relates
to your credit application, origination or servicing of this Lease. the manufacture, delivery, Condition, or performance of this Vehicle, any representations, omissions, or warranties, or any resulting
transaction or relationship (including any such relationship with third parties who do not sign this Lease) shall, at your or our election, be resolved by neutral, binding arbitration and not by a court
action. It federal law provides that a claim or dispute is not subject to binding arbitration, this Arbitration Provision shall not apply to such claim or dispute. Any claim or dispute is to be arbitrated by
a single arbitrator on an individual basis and not as a class action. You expressly waive any right you may have to arbitrate a class action. You may choose the American Arbitration Association
(v dr pry, JAMS (www.Wmmdregn 1, National Arbitration and Mediation (www.ramadr coral, or any other organization to conduct the arbitration subject to our approval. You may get a copy of
the rules of an arbitration organization by contacting the organization or visiting its website.
Arbitrators shall be attorneys or refired judges familiar with vehicle leasing, auto or consumer finance, and shall be selecled pursuant to the applicable rules. The arbitrator shall apply governing
substantive law and the applicable slatule of limitations. The arbitration hearing shall be conducted in the federal district in which you reside unless the Lessor named on page 1 of this Lease is a
party to the claim or dispute, in which case the hearing will be held in the federal district where this Lease was executed. You and we will pay the filing, administration, service, or case management
fee and the arbitrator or hearing fee in accordance with the rules and procedures of the chosen arbitration organization. ff the rules of the chosen arbitration organization do not specify tow fees must
be allocated, we will pay the filing, administration, service or case management fee and the arbitrator or hearing fee up to a maximum of $5.000. unless the law requires us to pay more. The amount
,ve pay may be reimbursed in while or in part by decision of the arbitrator if the arbitrator finds that any of your claims is frivolous under applicable law. Each party shall be responsible for its own
adorney. expert and other fees, unless awarded by the arbitrator under applicable law. If the chosen arbitration organization's rules conflict with this Arbitration Provision, then the provisions of this
Arbitration Provision shall control.
Any arbitration under this Arbitration Provsion shall be governed by the Federal Arbitration Act (9 U.S.C. § I el seq.) and not by any state law concerning arbitration. Any award by the arbitrator shall
be in writing and will be final and binding on all parties, subject to any limited right to appeal under the Federal Arbitration Act. You and we retain the right to seek remedies in small claims court for
disputes or claims within that court's jurisdiction, unless such action is transferred, removed or appealed to a different court.
Neither you nor we waive the right to arbitrate by using self-help remedies, such as repossession, or by filing an action to recover the Vehicle, to recover amounts you owe under this Lease, or for
individual injunctive relief. Any court having jurisdiction may enter judgment on the arbitrator's award. This Arbitration Provision shad survive any termination, payoff or transfer of this Lease. If any
part of this Arbitration Provision, other than waivers of class action rights, is deemed or found to be unenforceable for any reason, the remainder shall remain enforceable. If a waiver of class action
rights is deemed or found to be unenforceable for any reason in a case in which class action allegations have been made, me remainder of this Arbitration Provision shall be unenforceable.
Qp at: If you would like to opt out of arbitration, you may said us a written notice of apt out. The notice of opt out must provide your name. a description of the leased vel Including vehicle
identificaficn number (VIN). and a statement that you want to opt out of the arbitration provision. The written notice must be postmarked within 30 days of the dale of this Lease and sent to Honda Financial
Services, P.O. Box 165007, Irving, TX 75016. You agree that we may make changes to this Arbitration Provision d we notify you of the charges and give you another opportunity to opt out.
27. LESSOR'S ASSIGNMENT
Pursuant to tt-e terms of that certain agreement between Lessor and the Assignee for the assignment of leases by Lessor to Assignee from time to time, Lessor hereby assigns all right.
title and interest in the Lease and the Vehicle and rights the Lessor may have under any guaranty executed in connedion with the Lease, with full powers to Assignee to collect and
discharge all obligations, any guaranty and this assignment.
Agreement to Arbitrate: By signing below, you agree that, pursuant to the Arbitration Provision, Item 26 above, you or we may elect to resolve any dispute by neutral,
binding arbitration and not by a court action. See the Arbitration Provision for additional information concerning the agreement to arbitrate.
Lessee Signs X Co -Lessee Signs X
NOTICE TO THE LESSEE: DO NOT SIGN THIS LEASE BEFORE YOU READ IT OR IN BLANK. YOU ARE ENTITLED TO A COPY OFTHIS LEASE WHEN YOU SIGN IT. KEEP ITTO
PROTECT YOUR LEGAL RIGHTS.
YOU AGREETOTHETERMS OFTHIS LEASE.YOU ACKNOWLEDGE YOU HAVE EXAMINEDTHE VEHICLE,THATTHE VEHICLE IS EQUIPPED AS YOU WANT, ANDTHAT IT IS IN
GOOD CONDITION.YOU ACCEPT THE VEHICLE FOR ALL PURPOSES OFTHE LEASE.YOU UNDERSTAND THAT YOU HAVE NO OWNERSHIP RIGHTS INTHE VEHICLE UNLESS
YOU EXERCISE YOUR OPTION TO PURCHASE THE VEHICLE. YOU CONFIRM THAT BEFORE YOU SIGNED THIS LEASE, WE GAVE IT TO YOU, AND YOU WERE FREE TO TAKE IT
AND REVIEW IT.YOU ACKNOWLEDGE THAT YOU READ ALL PAGES OFTHIS LEASE, INCLUDING THE ARBITRATION PROVISION ABOVE (ITEM 26), BEFORE SIGNING BELOW.
YOU CONFIRM THAT YOU RECEIVED A COMPLETELY FILLED4N COPY WHEN YOU SIGNED THIS LEASE.
LESSEE SIGNATURES
Lessee Signature N/A Date08/01/202
Co -Lessee Signature N/A Date N/A
Type/Print Lessee Name N/A
Type/Print Co -Lessee Name N/A
Commercial Lessee EDMONDS POLICE DEPARTMENT Date 08/01/2026 fay _
Type/Print Name N/A Type/Print Title N/A
GUARANTY: To induce us to lease the Vehicle to Lessee, each person who signs as a Guarantor individually guarantees the payment of this Lease. II Lessee fails ID pay any money owing an this Lease, each Guarantor
must pay it when asked, EaCh Guarantor wit be liable for the total amount owing even if other persons also sign as Guarantor, and even if Lessee has a complete defense to Guarantor's demand for reimbursement. Each
Guarantor agrees to be ruble even if we do one or more of the following: (1) we the Lessee more lime to pay one or more payments; (2) give a lull or partial release to any other Guarantor, (3) accept less from the Lessee
than the total amount owing; or (4) otherwise reach a settlement relating to this Lease or extend the Lease. Each Guarantor acknowledges receipt of a completed copy of this Lease and Guaranty at the time of signing.
To me extent permitted by applicable law, Guarantor waives notice of acceptance of this Guaranty, police of the Lessee's nan•payrnanl, non-performance, and default and notices of the amount owing at any lime, and of arty demands upon the Lessee
Guarantor Signature X N/A Date N/A Type/Print Guarantor Name N/A
Guarantor Address N/A
LESSOR'S ACCEPTANCE
The Lessor's authorized signature indicates the Lessor has accepted the terms, conditions and obligations of this Lease.
Lessor Name: LYNNWOOD HONDA
By:
Type/Print Name:
Assignee Name: HONDA LEASE TRUST
Type/Print Title: Manager
Lessee Initials X Co -Lessee Initials X N/A
/WaBhfs21
LAW FORM NO. HFS-UCL-WA-eps-14 (REv. u2n
t2021 The Reynolds and Rar-lds Company
THERE ARE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO CONTENT OR
FITNESS FOR PURPOSE OF THIS FORM. CONSULT YOUR OWN LEGAL COUNSEL.
04cOf4d5-af31-4d42-b5ad-68802740deab
HFS-UCL-WA-eps-14 1121 vl Page 5 of 5
Attachment B
Courtesy Vehicle Donation Agreement
Lynnwood
Honda
22020 Highway 99
P.O. Box 1177
Edmonds, WA 98020-1177
425-775-7575
Fax 425-672-0500
http:///ynnwoodhonda. com
Lynnwood Enterprises, Inc. dba Lynnwood Honda donates the use of a 2026 Honda CRV EX
VIN# 2HKRS4H40TH459178 to the Edmonds Police Department in accordance with the
following terms and conditions:
1. The car shall be used by the Community Engagement Officer while performing
department duties.
2. Lynnwood Honda is responsible for paying any lease payments, automobile licensing
fees, applicable state use taxes, and any taxes in connection with the donation of this
vehicle to the Edmonds Police Department.
3. The Edmonds Police Department will carry property (collision and comprehensive) and
liability insurance on the vehicle as provided by the Washington Cities Insurance
Authority.
4. This vehicle is donated for 24 months or 30,000 miles. The vehicle is to be kept clean
and with no unrepaired accident damage.
5. The driver may bring the vehicle to Lynnwood Honda for periodic maintenance at the
donor's expense. Alternatively, Edmonds Police Department may have the
maintenance performed by a qualified mechanic according to the manufacturer
suggested maintenance schedule.
6. Lynnwood Honda agrees to permit the Edmonds Police Department to add graphics to
the vehicle at their expense (including the cost of removal).
7. Repairs or damage outside the scope of the manufacturer warranty or outside of
normal maintenance will be covered by the Edmonds Police Department.
On behalf of Lynnwood Enterprises, Inc. dba Lynnwood Honda, I hereby tender the above -
described donation to the Edmond Police Department, subject to the terms and conditions
described herein.
Wendy Nelson Popke
Date
Received on behalf of Edmonds Police Department Date
N E W C A R S S E R V I C E P A R T S U S E D C A R S 0