HomeMy WebLinkAboutDeed APPLICANT 7/17/2007 (2)
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/7-tJ3 - 31'- ~-/ 4Jt;./1ftl doo TITLE NO,
,I ESCROW NO.
9857392 TAX ACCT. NO.
WARRANTY DEED - - STATUTORY FORM
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CASCAOE
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EMERALD VALLEY PUBLISHING CO., an Oregon Corporation, Grantor,
conveys and warrants to
PHILIP L. HARVIN and JOAN C. MAlI.VIN, GrBDtee,
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the following described real property free of encumbrances except as
specifically set forth herein:
SEE EXHIBIT A WHICH IS MADE A PART HEREOF BY THIS REFERENCE
THIS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT
IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGtlLATIONS. BEFORE SIGNING OR
ACCEPTING THIS INStRUMENT, THE PERSON ACQUIRING PEE TITLE TO THE PROPERTY SHOULD
CHECK WITH THE APPROPRIATE CITY OR COUNTY PLAmlING DEPARMENT TO VERIFY. APPROVED
USES AND TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST F~NG OR FOREST PRACTICES
AS DEFINED IN ORS 30,930.
Except the following encumbrances:
1998/99 taxes which are a lien but not yet due and payable.
COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS OF RECORD.
This transaction is part of a simultaneous tax deferred exchange.
214/415 CD Ii
EU"-25OlWPT
299667, 299683
Dated this
7f tt-day of c?7
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The true consideration for this conveyance is exchange for property of equal value
President
;mgzJUI...21 "98I1Q5REC 10.00
3oo7Tll.21 '98110SPFlW 10.00
aOO7TUl.21 '9S:l0SAliT fUND 20.00
EMERALD VALLEY PUBLISHING CO.
.Y,.-;;t;~4tf?
Y M. LAN
STATE OF OREGON, County of ,~~
. This instrument was acknowledged before
by GARY M. KAPLAN, as President
PUBLIS NG CO., on behalf the grantor.
me on
ISIJEJIIOOllES
I<<JTAflYPI.lIlI.l:.OR83CII
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IIYCOUJ.ISSI::WEXPIffBPE.f,.
EMERALD VALLEY PUBLISHING co.
PO BOX 21705
EUGENE. OR 97402
GRANTOR'S NAME AND ADDRESS
Until a change is requested
all tax statements shall be
sent to the followin9 ~ddre~5:
... SAME AS GRANTEE ...
PHILIP L. MARVIN
PO BOX 2055
EUGENE. OR 97402
GRANTEE'S'NAME AND ADDRESS
After recording return to:
CASCADE TITLE CO.
Bll WILLAMET'l'E
EUGENE, OR 97401
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Gur No:
9857392
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PROPERTY O~SCRIPTION
PARCEL 1:
Beginning at a point which is 603.0 feet East and 273.5 feet North of the
Northwest corner of the Daniel McVey Donation Land Claim No. 82, Township Ii
South, Range 3 West-of the Willamette Meridian; said point being marked by an
iron pipe; f=om :aid begir~.in9 point run North 652.0 feet to the Willamette
Riverj thence meandering said river up stream as follows: South 41- 11' Eaat
'633.9 feet; thence South 340 451 East 470.8 feet to a point of intersection
with the Northerly right of way line of the McKenzie Highway; thence leaving
said river and following said right of way line South 640 47' West 346.7 feet
to an iron pipe; thence North IS" 44' West lsi.l feet to an iron pipe;
thence South 890 59' West 56.7 feet to an iron pipe; thence North 450 30'
West 179.4 feet to an iron pipe; thence North 970 29' West 65.3 feet to an
iron pipe; thence North 84.5 feet to an iron pipe; thence West 91.0 feet to
the place of beginning, being a part of Section 34. in Lane County, Oregon;
EXCEPT that portion described in Final Judgment in favor of
State of Oregon by and through its State Highway Commission
filed December 12, 1947, Case No. 33924,' Circuit Court of the
State of Oregon'.
PARCEL 2:
Beginning at a point which is 694.0 feet East of the Northwest corner of the
Daniel McVay Donation Lane Claim No. 92, Township 17 South, Range 3 West,
Willamette Meridian, from said beginning point run North 199.0 feet; thence
South 870 291 East 65.3 feet; thence South 450 3D' East 95.9 feet; thence
Soutb 1. 24' East 192.3 feet; thence South 7. 40' East 78.8 feet to the
Northerly right of way line of the McKenzie Highway; thence following said
right of way line Southwesterly along arc of a spiral curve to the right.
(the long chord of which bears South 76. 48' West 127.5 feet) a distance of
127.6 feet; thence leaving said right of way line and run North 16. 15' West
110.0 feet; thence North 94.3 feet to the place of beginning, being a part of
Section 34, Lane County. Oregon;
EXCEPTING that part of the above described real property
conveyed to Earl L. Dickson and wife, by instrument recorded
February 7, 1938, in Book 193, Page 321, Lane County Oregon
Deed Records, in Lane County, Oregon.
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Stale of Oregon
County of Lane _ ss.
I. !he County Oerk. in and lor the said
County, do hereby tenify that the IlIilhin
lrulMltent was receilll!d lor record al
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'98 JUL 21 PH 2:08
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2444R
Un!! County OFAClAl R<<ords
Un!! County CIeri!
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County Otrk
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9857393
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CASCADE
Tn"LE
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RETURN TO CASCAOE TITLE CO.
3~E NO. 2m15 Ci;)
ESCROW NO. EU9B-BOCt;E 1/
TAX ACCT. NO. 29966"1 Lf!S
TAX ACCT. NO. 299683
WARRANTY DEED - - STATUTORY FORM
conveys and warrants to
PHILIP L. MARVIN and JOAN C. MARVIN. Grantor,
roo BLOB LLC, an Oregon Limited Liability Company, Grantee,
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the following described real property free of encumbrances except as
specifically see forth herein:
SEE EXHIBIT A WHICH IS MADE A PART HEREOF BY THIS REFERENCE
THIS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT
IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGH'ING OR
ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE tItLE TO THE PROPERTY SHOULD
CHEO:: WITH THE APPROPRIAtE eI'I'Y OR COUNTY PLANNXNG DEPARMEN'T TO VERIFY APPROVED
OSHS AND TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FAll.MING OR' FOREST' PRACTICES
AS DEFrNED IN ORS 30.930.
Dated this
,,2/
day of
The true consideration for this conv~yance is NONE
, ,,2,L.
~Q!!!JUL.21 '98HIl5REC 10.00
i!!!QL)!J1..21 '98HOSPFUNO 10.00
i!!!QL)Ul.21'98H05A&T FUND 20.00
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PHI~~
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J . MARVIN
STATE OF OREGON, County of ~"'.L/ lss.
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This instrument was acknowledged before me on
~y PHILIP L. MARVIN and JOAN C. MARVIN
~d;./ a de J.",
ot ry Publicpror Ore~n
My commission expires: U. f/# 00
PHILIP L. MARVIN
PO EOX 2055
EUGENE. OR ~7402
GRANTOR I S NAME AND ADDRESS'
TOO BLUE LLC
PO BOX 2055
EUGENE. OR 97402
GRANTEE t S NAME AND ADDRESS
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WlIEIIllJGllEB
. mTNlYPUIlUC.ORFDCN
'..' ~NO.052:684
YY~EXPlnES.u.t4,2OXl
Until a change is requested
all tax statements shall be
sent to the following address:
... SAME AS GRANTEE ...
After recording return to:
CASCADE TITLE CO.
Sll WILLAME'ITE
EUGENE, OR 97401
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9857393
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PROPERTY D~SCRIPTION
PARCEL 1:
Beginning at a point which is 603.0 feet East and 273.5 feet North of the
Northwest corner of the Daniel McVey Donation Land Claim No. 82, Township 17
South. Range 3 West of the willamette Meridian; said point being marked by an
iron pipe; from said beginning point run North 652.0 feet to the Willamette
~iveri thence meandering said river"up stream ao follows: South 41011' East
633.9 feet; thence South 340 451 East 470.8 feet to a point of intersection
with the Northerly right of way line of the McKenzie Highway; thence leaving
said river and following said right of way line South 640 47' Weut 346.7 feet
to an iron pipe; thence North 150 44' Weat 152.1 feet to an iron pipe;
thence South 890 59' West 56.7 feet to an iron pipe; thence North 456 30'
West 179.4 feet to an iron pipe; thence North 87. 29' West 65.3 feet to an
iron pipe; thence North 84.5 feet to an iron pipe; thence West 81.0 feet to
the place of beginning, being a part of Section 34, in Lane County, Oregon;
EXCEPT that portion described in Final Judgment in favor of
State of Oregon by and through its State Highway Commdssion
filed December 12, 1947, Case No. 33924, Circuit Court of t~e
State of Oregon.
PARCEL 2:
Beginning at a point which is 684.0 feet East of the Northwest corner of the
Daniel McVay Donation Lane Claim No. 82, Township 17 South, Range 3 West,
Willamette Meridian, from said beginning point run North 189.0 feet; thence
South 870 291 East 65.3 feet; thence South 450 30' East 95.9 feet; thence
Soutb 10 24' East 192.3 feet; thence South 70 40' East 78.8 feet to the
Northerly right of way line of the McKenzie Highway; thence following said
right of way line Southwesterly along arc of a spiral curve to the right.
(the long chord of which bears South 760 48' West 127.5 feet) a distance of
127.6 feet; thence leaving said right of way line and :un North 160 15' West
110.0 feet; thence North 94.3 feet to the place of beginning, being a part of
Section 34, Lane County, Oregon;
EXCEPTING that part of the above described real property
conveyed to Earl L. Dickson and wife, by instrument recorded
"February 7, 1938, in Book 193, Page 321, Lane County Oregon
Deed Records, in Lane County, Oregon.
Stale of Oregon
County of lane - $S.
1,lheCounlya~rk.lnilndlorthe5ilid
Counly,doheTebycerllfYlhallhewithln
lnitrumcmt was reClriwd for f~cord al
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'98 JUL 21 P" 2:09
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lane County OFFICIAL Records
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RECORDATION REaUESTEO BY:
Pedflc ContlItenlal Bank
P.o. Box 10727
Eugene, OR 97440
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WHEN RECORDED MAIL TO:
PaclRc ConUnenlal Bank
P.o. Box 10m
E....... OR 97<<' <I LL / J./. 0
17-~3$-31-/- ""'" ~
SEND TAX NOTICES TO: V-- 3&0
Too Blue l.1.C
p.o.e=~SS
Eugene,OR 974D2
RrnJRN TO C~~CAOE T1TLE~
. -~I'lY'15l2.J
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9857394
~JUL.21'9B"05REC
aOO7JUL.21'98fHlSPFUID
.:j5.00
10.00
SPACE ABOVE THIS UNE IS FOR RECORDER'S USE ONlY
.....
DEED OF TRUST
THIS DEED OF TRUST IS DATED JULY 20, 1998, among Too Blue LLC, an Oregon Limited Uablllty Company,
whose address Is P.O. Box 2055, Eugene, OR 97402 (referred to below as "Grantor")j Pacific Continental Bank,
whose address Is P.O. Box 10727, Eugene, OR 97440 (referred to below someUmes. as "lender"- and"
someUmes 8S "Beneficiary"): and Cascade Title Co.. whose address Is 811 WilIamette Street Eugene, OR 97401
(referred to below 8S "Trustee").
CONVEYANCE AND GRANT. For veJuablo ctlnslderetlon, Granlor ctlnveyslo Truslee for the beneDl ot Lender as Benellclery 8lI 01 Granlor'!
light, "De, and Inlaresl In and 10 the lOll owing dBSCribed real property, logstllar with all exlsllng or subsequently erec:ted or altlxed bulldlngs,
l"llfowments and fixtures: 11.11 eaSElmenls, lights of wey, and appur1enances: ell weier. waler lights and ditch rlgh!$ (including slock In ull!ltlas wIlh ditch
or Irrigll.Uon rights): and 11.11 olher rights. rolallies. II.I'ld proms relating to lhll rQ81 ~peryyklndudlnp without Dmllal!on aU minerals, ca, gas, geolhermal
and s1miar mailers, located in lane county, State of Oregon (the Real t'ropeny"):
See Attached Property Description
The Real Property or Its address ls commonly known as 4330"Franklln Blvd., Eugene, OR 97403. The Roal Property
Iaxldenllllcatlan nurnborls 299667& 299683.
Grantor presonl/y 855lgO$ 10 Lendar (also known as Bonaliclary In !his Deed 01 Trust) aD of Gmntor's rlghl, litle, and Inlares! In II.I'ld 10 ell prllsenland
lull.n I6ases ollhe Property and au RlJllls Itoon lhe Proporty. In addlUan, Glllntor granls Lendar II. UnlIorm ComIn8fCiaI Code security 1n1eres!1n ll'.e
Rents and the PemlnaI Property defined below,
DEFINlnONS. The following words shal have thB fOllowing meanIngs when usad In this Dead 01 Trust. Terms nol olherwlse dB~nod In this Dead 01
Trust shaD have the meanings allnbuted 10 such terms In lhe Uniform Commercial Code. AU referll.nce:s III. doltar amounts shaR mean amounts In Iawl~
money 01 Ihe Unlled StaIBs 01 Amarlca.
Benenefary. The word "Benoflt:Jary' means Pacific Continental Bank,lls SUCC8SSOf$ and assigns. Pscl5t Conllnonlal Bank also is relerredlo as
"Lender-In IIU Deed olTrusl
Deed of Trust The wcrds 'Deed of Trusr mean lhls Deed of Trusl aman" Grantor, Lendar, and Truslae, andlndudes wllhOUlllrnllation a~
assIgnmant and security Inlarest provisions relabng 10 lho P9ISOna! Proparty and Renls.
Granlor. The word "Grantor" means any and air persons and entilles execuUng this Daed 01 Trusl,lnclUcllng wllhoul QmUallon Too BJUB LLC.
Guaranlor. The word "Guarantor" maans and Includes without irrrlaUon any ond all guarantors, slnllas, and accommoclaUon pallias In
connecllonwllhlhelndabledness.
Improvements. The word 'mprovemants" means and Includes wilhOUl UmllaUon itII exIsIIng Dnd luIutD Improwmonls. bl.llldlngs. s1ructwes,
mobIe homes elllxed on tho RoaI Property, IdUes, addillQrlS, replacemenls and other construction on tho RllaJ Property.
Indebledness. The word -lndebl9dn9<"...s~ means all principal and Interest payable under lhe NolD and any amounts expended or advanced by
Lender 10 discharge obllgatJons 01 Grantor or expenses IncUlTed by Trustee or Lencler 10 enrorell obligations 01 Grantor underlhls Deed of "Trust,
togolher wRh lnletesl on such amounls as provided In IhIs Deed of TrusL
Lender. The word 1.end8l" means Paci/lc Con\Inental B4nk.1ls SuecesSOl1i II.I'ld assigns.
Nole. The word "Nole~ means the Note c!lIled July 20, 199B, In the principal amount of $200,000.00 Irom Granlor to lender,
IogaIher with all fenowals, e.:donslons, mOdiflClllonS, re~nanclngs. and substilutions lor Ih8 Nol8. The malurlly dal8 of lhe Note Is January 25.
1999. Tho rale Or Interesl on the Nola Is sUbJeclto Indoldng. adjuslmsnl, ranawal. or renegollllUon.
PCr$OlW Property. Tha words "Personal Property" mon all equipment, fixIuras, and other articles 01 personal property now or herealler owned
by Grantor, and now or heroallar II.ltacltod or afflxad 10 lito Real Property; togelhBr wUh a~ accesslons, parts, and cddlUons ILl, a! replacements 01,
and 8lI sUbsUtullons for, any oI5lJch property; and t~ath8r with.U prOCll&d~ OnclUding w1lhoul ftm!!=Uon :1lf L'1:ll:'llro:Q prnc.;o;as al1(j roliU/lds 01
pmmfums} tram any safe or olh8r d1sposWon 0I11Ie Property.
Property. The word "Property" means colleclivefy lho Real Property and Itlll Personal Property.
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07-20-1998
Loan No 12390
9857394
DEED OF TRUST
(Continued)
Page 2
Real Property. The words 'Real Property" mean Ihe property, Interests and r1ghls'dllSCribed above In the "Conveyance and Granr soclion.
Related Documents. The words "Related Documonls- mean Bnd Include without ~m1tanon all promissory noles credit aljlreements loan
agreements, envlronmenlal agrelltrlGnls, guaranlias, $llCUrity agroornen(s. morlgagos, deeds or Irus~ and al other Insburmmls 1l000eemon~ and
documenls, whelher lUlW or heraaflor exisllng, execuIad In connecllon with lhe Indebtedness. '
Renls. The word 'RantS" means all present and MUID wnlS, revrmU8$. Income, Issues, royal~8S, profits. and oll'l8r benefits derived from Ihe
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Trustee. Tlla WOld "TrUSlee- moans Cascadlll1l1e Co. and any subs~julll or succassor tl1l$lees.
THIS DEED OF mUST, INClUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
PROPERTY, IS GIVEN TO SECURE (1) PAYMENT OF THE INDEBTEDNESS AND (2) PERFORMANCE OF ANY AND All OBLIGATIONS OF
GRANTOR UNDER THE NOTE. THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED
ON THE FOLLOWING TERMS:
PAYMENT AND PERFORMANCE. Excopt os ot~.erwisll provldad Inlhis Oelld 01 Trusl, Gran/or she" pay to Lcn::!cr on amounts so;c:ur6d by Ihls Deed 01
Trusl os lhoy became aus, and shall slrtclly Bnd tn a ltmaly man'nor pllrfOfm all of Grantar's oblIgallons undor the Nolo, this Deed 01 Trust, Bnd 1!'IlI
RolatedDOCllmenls.
POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor agrees lhat Granlor's possessIon and use ollhe PropertyshaU be governed by tho
following provisions:
Possesston and Use. Unli the OCCllff8nce of an ElI8nl al Defaull, Granlor may (II) remain In possasslon and conlrol 01 tho Proporty, {bl use,
operate or manall8 the Property, and {cl eollecl any Rents from the Property. Tile loRowIng provisions relal& 10 lno usn of tho Property or 10 olller
Umltllllons on the Property. THIS INSTRUMENT WILL NOT I>JJ..OW use OF THE PROPERlY DESCRIBED IN THIS INSTRUMENT IN VIOLATION
OF APPLICABLE LAND USE LAWS AND REGULATIONS. BefORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING
FEE TITl.E TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE ClTY OR COUNTY PlANNING DEPARTMENT TO VERIFY
APPROVED USES AND TO DETERMINE ANY'UMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTIceS AS DEFINED IN ORS
30.930.
Duty to Malntaln. Grantor shall maintain lhe Property In tenanlable condi~on and prompUy portorm oU repll1rs, roplaeamonls, and malnlenance
nBCeSSary 10 prBSeMl lis valllO.
Hazardous SubslMces. The terms -hazardous wasl6; "hazerdOlJ$ 5ubslance,~ "dispOSlll" "reloose," end 'htaatened raleasa," os usad In this
Deed 01 Trusl, shalll\avo Iha same meanings as sellQrth In the Co~rohenslve Envlronmantal Response, Compensation, and Uabllity Acl at
1980, as amended, 42 U.$.C. Seelion 9601, 01 seq. ("CERa.A1, the Supartund Amendments ancI Reaulhorization Act ol1986, Pub. L No. 99-499
("SARA"),1he HawdollS Materials TI1lfl$portation AcI, 49 U.5.C. Sllcllon 1801, 01 saq., tho Rosource Conservaeon and Recovery Act, 42 US.C.
SecIlon 6901, el &eq., or oIhor IIPplical:llo stale Of Falfaral taws, rules, or regulations odopled pul$Uonllo any of the toregolng. The larms
-rw:ardollS wasto" anti "hazardous substance" shall also Include, W\lhoul ~mitallon, petroleum and pelroleum by-products or any frectlon thereof
and asbestos. Grantor represanls and wan'antslo Landor that: (a) During Iha pertod of Granlor's ownership 01 tho Property, Ihero has bean no
use, generation, manllf8clure, storage, Irealmenl, disposal, rcloase or Ihn:olenad m1ease or any hamrdous waste or subslanca by any pelSOn on,
under, about or from lhe Property; (b) Grllnlor has no knowladg& 01, or reason 10 believe lhatthere has bgen, excepl as prevlollSl)' d!sclosed 10
and flCknowledgod by lllTldBt In wrIUng, 0) IIny use, ganeration, manulacture, storage, lrealmenl, cisposaI. J81aue, or Ihreatened release 01 any
hazardous wasle 01 s.Ubslance on, uncler, about or from Ihe Property by any prior owners or occupants 01 tile Property Of {iI} any actual or
Ihrealanad UllgaUon or claims of any kind by any person relaUng 10 such mallBtS; and (c) Excepl as previously dlscIosed 10 and acknowJedge:1 by
Lender In writing, (I) neilher Grantor nor Iny lenanl. conlractor, agent 01' other aulhorl2&d user of the Property sl\aD use, generate, manufacllKe,
slam. lrua~ diSpose or, or reIlIsslany haZardous wasle or subslance on, und8l', about Of from the Property and Cd) any such aclivity shall be
conducled In compliance wllh IIIl applicable lederal, slate, and local laws, regulations and ordinances, lneludlng withoullimilallon thosa llIws,
regUlaUons, and Ol'dlt\llnces dBscrIbed above. GrantOl' aulhOOms Lander and Its agenls 10 onter upon the Properly 10 make sueh Inspections and
lesls, al Grunion expensa. as lender may deem approprialo 10 doIermlne compliance 01 UIe Property with Ihis secIion ollho Dead 01 Trust. Any
lnspoellons 0l1as1S made by Lander shaG be lor Lender's PlJ'poses only end shal nol be conslrued 10 create any rasponsiblify Dt ftabBity on the
part 01 L.andar 10 Grantor 01' 10 any other person. The taprasenlalions and walT1m1ies contained I'lereln are based on Grantor's duo diIlgence in
InV8$ligallng Ihe Property lor hazardous waslll and haZardous substances. Granlor hereby <a) mleases and waives any fultxo claims llgalnst
Lender lor lndemnlly or cQnbtl1,Illon In tha ell8nl Granlor beeomas liable lor cleanup or oIher costs under any such laws, and (b) agrees 10
Indamnlfy and hold I1armlass Lendar agBlnst any llnd liD c:Ialms,lossas, Ullbllllles, damages. penalllas, and expenses whleh lendor may directly or
IndIrectly sustain or sulfOl' resulllng lrom I breecll 01 1m soctlcn oIihe Dead 01 Trust or es 8 conseqtlenco 0IlU1Y usa, ganetllllon, rnanulaclurO,
slorlge. disposal, releaso or IllTeallned ro!lIII~ or a halBrdous waste 01 sub:stanco on the properties. The prcMsIons oIttis secUon of thO Deed
01 Trust, lncIudlng the 0bIiga1!on to Indemnify, shaD SuMve lhe paymenl 01 the Indebtedness and lhe satislacllon and reconvoyallC8 ollho len 01
IhIs Daad of Tr1,lsl and shall not bfIallacted by lendet's acqutslL'on 01 any InIaI'8S1ln lhe Property, whether by lorecloslJl'o or olhlllWlSe.
Nufsance, Wasle. Granto.r shal nol CIIUSO, condllCI Of permll any nuisanea nor comrnll, permit, or suller any stripping of or waste on or 10 100
Property or any portion ollhe Property. Wilhoul Umitln" Iha generaITty oIllle foregoing, Granlor win 001 remove, or granllo any olher party lhe
rlghllo remove, ony limber, mineralS (Including oi Ind "as), soD, gravel or rOCk products without tha prior wrllllln COrwtnl 01 Lender.
RemQval or Improvements. Grantor shall nol dell'lOllSlI or remove any Improvements from \he Real Property wtlhoullhe prtor wrlllen consonl 01
lender. As 8 condition 10 tile mmoval 01 any Improvement:s,lender may raqulre Granfor 10 make arrangements sallslaclory 10 lender 10 replace
such ImpfOV8n'l(lnls wIIh Improvemenl$ oIal feasl equal w11.1ll.
Lender's RI9htlo Enlet'. Londlll' and its agents and roprllS8nlallves may anlor upon the Real Property al an reasonebla t1rnas 10 alland \(I
Lenders Interests and 10 lnspoet tha Property lor purposes 01 Granlor's compUanee wilh tho Ie1ms and condlUoos ollhls Deed 01 Trust.
CompllMec Wllh Governmental Requlremenls. Glanlor sha. prompUy corrrply with an laws, ordinances, and regulallons, tlOW or hBl'Bafl6r In
allecl, 01811 govornmenlal authorillos applicable 10 the use or occupanr.:y.oItho Property, lncltJdlng wllrlout BmI111.Uon, lhe Amertcans With
DlsabilUas Act GrlIniot may contest In good faith Iny suelllaw, ordinance, or regulation and wllhhold compliance during any proceeatng,
including appropriate appeals, so long as GranlDr has noti!led lencler In writing prior 10 doing so and so lOng IS. Itl lender's sola oplrlion,
Lender's Interests In Ih9 Properly ~o nof Jaopardl.2:ad. lender may requlJe Grantor to post adequalO socurIly or a surety bond. raasonably
sallSlaclolylolandar,loprolilCILender'slnlerosl .
Duly to Prolecl. Granlor agrees nellher 10 abandon nor leave unallandlld tho Properly. Grantor sheD do eH olher acts, in addition 10 thosa ecls
sal rcrlh above In l/'lIs sec:lIon, whlch Irom lI1e Challcler end usn 011110 Proparly aro reasonably necessary to prot8Cland preserve Ihe Properly.
DUE ON SALE - CONSENT BY lENDER. lender may, allts optiOll. dllc:lare Immedlalaly dUll Dnd pl!Y!lblll all sums ~!Ct1fCd b~' lh.~ D;lOd 0: Trusl
upon the saJ" or !rInsier, wilhoullho landar's prior wrIIIen COt'ISent, 01 aD or any part oIlhe Real Property, or any Inloreslln the Real Property. A "sale
or lransfcr" means \he conveyance 01 Rear Properly or any righI, lillll or InIatost Ihereln; whether Ioga!, benaficial or equflnble; wllelhlll' voluntary or
Involuntary; whaIher by o~ht sab, cIeacI, Il1$Iallmonl safe ccnlrac:t, land conl1act, conlracllor deed, leuehold lnl8resl wIIh e. lsrm grea\Of lhan l!noe
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Loan No 12390
9857394
DEED OF TRUST
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(3) yeass. Jease-op~on eoolracl, or by sale, assignment, or !ransler of any benefidoll~lereslln or 10 any land trust holding lille 10 lho Rear Property, or
by any olher method 01 convoyenco or ABaI Property Inlerest. Illny Grantor Is a COIporallon, parll18fShlp orllmlled liabmty company. transfer also
Includas any chango In ownership 01 more tt:an twenl)'-ftve percenl (25%) 011118 voUng $lock, partnership Inlerests or IlmJlad IlabBiIy company (nleresls,
as tho case may be. 01 GtankJr. However, this op~on shaI n;,l be exercls8d by lander II sueh 8X8tdse Is prohibited by luderallaw 01 by Crogan Jaw.
TAXES ANDUEN5. The foo1owlng provfslonsrelallng 10 Iho laxesand liens on !he Property 810 8 part ol'lhIs Deed olTrus!.
psyment. Grantor shaU pay whon due (and In aIIevenl$ prior 10 d&:1Inqueney) aD taxes, special taxes. assessments, charges Onc:ludlng waler and
lower), 6l'1$$ and Impositions levied against Of on llccounl ollha Property, and shall pay when due an claims lor work done on or for S8l'VICfI$
rendor9d01malenallurnlshadtolheProperiy. Grantor shall malnlaln lha Propariy lroo ofa!J !Ions having prlorlly over or equal to IhaInlerest01
LenlSar under IhIs D8lId ofTltJ$~ 8XCllpt lor lhe lien 01 taxes and assessments 1'101 dua end excoplas olherwlse prO'ollded In IhIs Deed 01 TrusL
Righi To Conlest. Granlor may wtlhhold payment 01 any tax, assessmenl, or claim In connoclion wUh a good talth dlSpule ovar thD obega~on 10
pay, so long as lander's Interaslln IhD Property Is 1'10/ Jeopardlzad.. If a lien arislls or is filed as a resuII 01 nonpaymenl, Granlcr snaQ wilhin filleen
(15)diiysallerlheJlanerisesor,l!aDenisliled.w1Lh1nfill8en(t5)claysaflarGranlorhaSnolicaollheliUng. secure Ihe discharge 01 Ihellon. oril
roquesled by lender, deposll wfth lender cash or a sufficlent corporato suraly bond Of oth!!r ~e::urlty :::l!::;~::tc.; 10 LGnc:ar In an lI.nlol.JrlI suii.cient
10 cftSChllrge Iho lien plus anycoslS andallorooys'lees orolhere!lallles Ihal could e ccrue as a result 01 a 10rllClosure or sale under lhelien. In
any contest, Grantor shall defend llsell and Lender and shall sal~1y any Ildvol'!ie ludgment belore enforcemenl against lhe ProPOlIy. Grantor shan
.l1llme Lender as an additional obtigee under any surety bond lurnlslWld In lheconlesl proceadlngs.
Ev1d~ 01 Paymenl. Grantor shall upon demand lumfsh 10 Lender salislaclOfy evidonce 01 plIyment oIl/lfl1axes or assessments end stull
aulhorim the appropriala governmental Official 10 deliver fo Lender alany lima a writlen statement ollha IaX8s end Il$S8$StTIllnls agaJnsllhl
_.
Nollce of ConstructIon, Grantor shali notify lendar allaastlillten (15) daY$ belore any work G commencecl, any services arelurnlshed, Of any
materials are supp~ed to the Property, 1I any mec;tuIrnc's lkln, materialmen's tian, or oilIer ben could be asserted on eccount of lllo work, services,
or malerials and tho cost exceeds $100.00. Grantor wID upon requasl Ol Lsndarlurnlsh 10 Lender advance assurances salislaclory to lander lluIl
Grantor can end wDI pay !he cost of such lmprovomanis,
PROPERTY OAMAGE fNSURANCE. The loIIowIntI provisions relating 10 Insuring IIle Property are a pari 0I1~ Coed olTrusl
MaInlenanCf! ollnsurMce. GranlOt s!l.ll1 procure nnd maJnlaln policies of lire Insurance with slandard oxlandGd coverage endorsemants on a
replacemenl basis for tha fun Insurable volue covering an lmprovemonls on the Real Properly In an amounl sutficlent 10 avoid appllcaUon of any
coinsurance clauSG, and wllh 0 standard mortgagee clause In favor oIlendor. Grantor shall also procure and melnta!n comprahenslve genefal
uabllll)' Insurenca In such coverage amounlS as lender may requesl with Ifustee and lent;lar being named a$ .odlllonallnsL1llld$ In such labllily
InsUl1UlC& policies. Add"rtIonafly, Grantor shan malnlaln such other Insurence.lncluding bull\Ot 1Irnlf8d to hazard, business lnlerrupUon. and boiler
tns\lrllnce. es Lender may reasonably r9QWe. PoIIc!os sham be written ill 'om;, amounl$, ClMlfllgBS and basls Rl8Sonably acceplable to lender
end Issued by a company or companies reasonably acceptable to Lender. Granlor, upon request of Lender, will deliver 10 lender Irom Ume 10
tlmelho pollcles or cortificales 01 lfl$Uf'8nco In 'orm salis18c101)' 10 Le~ar, Including sUpulafions lluIl cOYelages wII nol be canceUed or diminished
wllhoul allaasl Ion (10) days' prlorwrillen nolicetoLendor. EachlnsurancepoJlcyalsoshalllnclucleenendorsamentprovldlnglhatcovarageln
favor 01 lendef wIU not be Impal1ed In any way by any ac~ omlsslon or default of Granlor or eny otl'lar pel'!ion. Should tho Real Property at any
lime becomelocaled In an oraa deslgnaled by Ihe Director oltlle Federal Emaroancy Management Agency as a spacial flood hazard area, Granlor
&gr88S to obtain end matnlaln Federal Rood Insurance for lhe fuD unpeld principal balance of Iheloan, up 10 lhe maxlmum policy timils sel under
the Na~Ol\IlI Flood lnsuranc& Program, or as otherwlsa requlnld by londll", end 10 maintain such Insurance lor lh8 !arm of the loan.
AppIlcallon or Proceeds. Grantor shall promplly noUty lender 01 any loss or dama~ 10 lhe Property II tile eslImaled ctlSt of rapa:r or
replacemenl exceeds $100.00. lender may maka proof 01 loss If Grantor lalIs 10 do $0 wllhln fitf8en (15) clays of lhe casually. Whelher or not
Lender's security 1$ Impaired, lendor may, al lis eloc~on, receive and relaln Ihe proceeds 01 any insuranco end apply tha proceeds to tha
raducllonollhelndabladness,paymantolarlylienelll'lclingthePropafly,Qrlhereslorallonand repair 01 Ihe Properly. lflendoTeleclStoapply
tile proceeds to resloraUon and repair, Granlor shaD fopal1 or replace the damaged or destroyed ImprClV8m8nls In a manner sallsfactory 10 Lender.
lender shall, upon salislaclory prool 01 such expendilum, payor reimbursa Grantor 110m tho prOC98ds lor the reasonable cosl of repair .or
restoration if Grantor is not in detaull undar 'his Deed of TrusL Any prOC8Od$ which have not baan d1sbursad wllhin 180 dar.; altar Iheir r8C8lpt
ern! vJt1!::h londor tlas: nol commlllad 10 the repair or resloraoon of Ihe Property sh4II be used nrsllQ pay any amounl owInlillo lender under !his
Deed of Trust, thon 10 pay accrood Inlerest, end tho remaInder, II any, sllal be applied to lhe principal belance 01 thalndeblodness. lllender
holds any proceeds atler paymant In lull of lhe Indebtodll9$S, such proceeds shall be paId 10 Granlor as Granlor's Interasts meyappear.
UnexpIred Insurance al S81e. M'J unexpired InsUl'anca shalllnura 10 Ihe benelil Ql, and pass 10, lhe purchaser ollho Property cOllared by th~
Deed of Trust al any !ruSIn's sala or other sale !laid undat the prOVISIons QI this Deed of Trust, or aI any foreclosure sale 01 such PrtIparty.
Grantor'aReport on Insurance. Upon requesl of Lender, however nol more than once a year, GrantorshaJI furnish to Lender a report on each
axisllnlil pOlICy oflnsuranca showing: (a) Iha name oIlha Insurer; (b) llle rtsIls Insured; (e) Iha amount oIllle pGflcy; (d) tile property Insured, IIla
then current roploC8lfllln! valua 01 such properly, and the manner 01 datermlnlnlillhal value; s.nd (a) the expiration date of lhe policy. Grantor
shaR, upon requesl 01 Lender, have an IndapendanlllppralSer sa~sfaclory 10 Landor dalermlnelhe cash value replacemant cost of the Property.
TAX AND INSURANCE RESERVES. Subjecllo any nmUltlons sal by applicable law, Lendor may roqu!ro Granlor 10 maintain with lender resarves lor
paymenl 01 annuallaxas, essassmenlS, and Insuranc:s premiums, which res8l'VeS sllall be crealed by .lldVllnce payrnanl or monthly paymonls 01 a sum
OStima18d by Lender to be sufficlanl to produce amounts It IGasI equal to lha I8xe$, llSS8$Smenb, and Insurance premiums to be paid. The reserve
l!lnds shall be hold by Lender as a Iileneral deposit Irom Grnnlor, whlch Lencter may sall$ly by paymenl 01 Iha !axes, 8SS8SSmenls, and 111Sa'an.:a
premiums requtrod 10 be paId by Granlor as lhay becnmo due. Lender shaU have the r1ghllo draw upon the re$el'W funds fa pey SUCh llanlS, and
lender s!la! not be required 10 dalermlne lhe veldily or accuracy of any 110m before paying It. Nolhlng In tha Dood 01 Trust shaD be conslrued IS
reqUiring lender to advance other monlas lor such pUlposes, and t.ender shan not Incur any Ilabllll)' lor anythIng II may do or omit 10 do wilh raspect 10
thl resefV8 accounl. SUbJoc.t to any Mmlla~ons sal by sppllce.ble law, IIlhe re5ervellJ'ncls disclose a sllOrlage or dllllclency, Granlor slla! pay such
shortoge or dellcloncyu required bylendar. All alflOlJnls In Ihe reserve account are hareby pJodged 10 further secure the Indebtedness; and Lender
Is herebyaulhorizad 10 wllhdraw and epply such amounts on the Indebtedness upon lhe oecurrence 01 an Evenl 01 Defaull. Lender shal nol be
required 10 pay any InlOlWoI or eamlllQ:S on lha reserve Wnds urHss rllqt*ed by law or egrued 10 bY Lender in wrtlInlil. Lender does nol hold the
reservo lends in tru:t lDr Granlor, tond lander Is nol Granier's alilflnt lor payment oIlhe tams and llSS8SS~ required 10 be pald by Grantor.
EXPENDITURES BY lENDER. II Gran\Qr lalls 10 comply wllh any provision Ollhls D811d 01 Trust, or 1/ any ac~on or proceeding Is commenced lhat
would materially allecllander's Interests III the Propnrty, lander on Grllntor's bolulll may, but shall nol be required to,.iako any acllon IIlaI Lender
deems approprlale. Any amounllhallendor llXpands In so doing will bear Inlares! allhe rate provided lor In Ihe Nole Irom the dale Inculrod or paid
by Lender Iollle dllls 01 repayment by Granlor. PJ such exponses, al Lender's option, will (e) be payable on aamand, (b) be added to Iha baIancfl ol
t~ NOI'l' I!nd b!! ~"';:!C!rljon=~ e.mong ::r:c bo ;:::}-:l::lo \~..i.'l any L-.s!dlf;,;;nt paymanl5 10 Uocome due durino either (I) IIle lerm ot any appOcable
Insurance poticy or (i1) the remaining I8rm of IIla Note, or (c) be lrealad as a balloon payment which wllI be due and payabla allhe Nole's matur1ty.
This Deed of Trust aIsft win secure payment ot \hesa amounts. Tho rights provided lor In Ihls parllilraph sl1all be In addiUon 10 any Dlher r1ghls or any
remedies to which lender may be entlUad on acCtlunt 011118 dallulL Any such action by lender Shan 1'101 be construod lIS curing lhe clafaUlt so liS to
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07-20-1998
loan No 12390
985739<1:
DEED OF TRUST
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Page 4
bar lenderlrom anyremMy lhal 11 olherwlsa would have hCd.
WARRANTYi DEFENSE OF TiTlE. The loIlowll'lQ provisions rolaUn" to ownen;.h1p Of the ProllQ1ty IlI"& 8 part or this Deed 01 Trust.
Title. Grantor warrants that: (8) Grantor hold$ good and marketable, mle or record 10 1118 Property in lae simple, free and clear 01 aU liens and
encumbtances other than lhose sellorth In lhs Real Property descriplion or In any IiUelnsuranca pofic:y, IiUo report, 0( final lill:e opinion issued in
f8VO( of, 8nef acespled by, 18ntkr In conneelion wilh Ihb Deed of Trust, and (b) Granlor has Iho fu~ righi, power, anclllulhoritY to execute and
deliver u.s Deed olTrusllo Lender.
Delense 0' Tille. SubJocllo the oxcepllon In Iha paragraph above, Granlor warranls and willlorever cleland tho tilie 10 Ihe Property agalnsllha
lawful claims of all parsons. In tho ovont any actkln or proceeding Is commenced Ihal quosllons Grantor's IlIl8 or !he Interest 01 Trustes or lender
underlhls Deed OrTlllSt, Granlorshall defend Ihe action at Grantor's IlXpGrI$G. Granier may be lhe namlnal party In such proceeding, but lander
shall be enliUed 10 partlclpale In !he P(oceeding and 10 be rePf8Sllnl8d in lh8 proceeding by counsal ollenWs own choice. end Grantor WfII
deINer, or cause 10 be deliverud, 10 lendet such InslnJmenls ItS Lond81 may reQuesl ITom nma to limo to plltmllsuch particlpallon.
Comp1Utnce Wllh llIWs.. Grama" wllffants lhel tho Propec1y and Granlor's use 01 lhD Properly complies with ell e:dsling appUcable laws.
ordl~n=. :lnd fCljulallOI'lS of Ii:r.'iirnmant.;l aUltlOlitla;.,lnclLlding .....ilhout ~milaijon an applicable enwonmenlLlllaws, ordinances, and regulalions,
unless oltlSlWise specifically excepted In lho envlronm811!al agreement executed by Granlor and lender relallng 10 Ihe Property.
CONDEMNATION. The folowing provisions rela~ng 10 cond&mnaUon proceedings are a par1 ollhls 08811 01 Trusl.
Application of Nel Proceeds. II all or any p3ti of IhD Property Is condemned by eminenl domain p(oceeclings or by any proceeding or purchase
In ieu of eondemolllion, lander may allls eleclion requtro that an or any portion of \he 081 proceeds or tha eward De app!iod to Ihe Indebteonan
Of !he repair or restlll1l~on 01 Ihe Property. Tha net prOCllGC!s oIlhe award shall mean lhe award after paymanl of r.U reasonablo cosls, expenses,
and attorneys' foes loclJI'Tad by TrU$lea or lender In conneclionwilh Ihe condomnallon.
Proceedings. II any proceeding In condemnation Is filed, Grantor shaa plDmplly notity Lender In writing, and Gfanlor shaU promplly lake such
slaps IS may be necessary 10 delend the action end obtain IhO sward. Grantor may be lhe nominal perty In such proceeding, but lender shan bG
enlitled 10 PGrtIcipalO In lhe plocel!ding and 10 be rapresen!od In the proceoding by counsel of Us own choice. and Granlor will dativei' or caUSG 10
be deDwtred 10 lender such inslrumGnts as may bo raQuasIGd by II from ~mo 10 limo to permit such participation.
IMPOSITION OF TAXES, FEES AND CHARGES BY GOVERNMENTAl. AUTHORITIES. Tha lolIowIng provislons relaUng 10 governmenlallaxes, lees
and charges are e pan of IhIs Deed 01 Trust:
CIIfrellI Tues, Fees and Chargea. Upon request by lander, GranlDf shllU 8XllCule such dOCUlT\8nts In addition 10 this Deed ot Tr1151 and lake
whalever olhDr acllon Is laquas1ed by lancler 10 per1ect and continue Londo(s lien on the Real Property. Granlor sheD relmburso lender for all
laxes, as described below, together wtlh aI expenses Incurred In recording, perfecting or conIlnulng this Dead 01 Trust, Including wilhOUlllmllallon
aU taxes,lees, docutnMllary stamps, end othar c~es for recording or registering lhis Deed of Trusl
Taxes. The fOllowing shaI conslifuto taxes to which \his section applieS: (0.) a specific lax upon IhIs type of Dead 01 Trust or upon aU or any parl
01 the Indllbledruns secured by Ihls Deed 01 Trust: (b) a specific lax on Granlor which Grlnlor is llulhor1Z11d or IllQl.dred 10 deductlrom payments
on the lndebllldness socured by Ihls type of Oiled 01 Trusl; (c) e lax on lhls type 01 08811 of Trusl chergeabla agalnsllhe lender or !he holder of
lhe NoIe; end (d) a specific lax on aU or any portion of the IndebledrleSS or on paymen!s of princlpel and Inleresl made by GranIer.
Subsequent Tille'. If eny lax 10 wt"dch 1m seclion appllllS Is enaclec! $lJbsGquenllo Ihe date 01 \his Deed 01 Trus~ this evenl shan have IhG same
eIIllr:Ias an Evenl 01 Oelat.dl (os d811nod below). and lender may exerclsa any or eR ollis aY8iabla I1Imecli8s lor an Event of OelaUlI as provided
below unlass Grantor either la) pays lhe tax belere II becomes daUnquen~ or (b) conlasls lhe lax as provided above in the Taxes and Uens
secllon and deposits with lendllt cash or a sulfic:ient corplll1lla surety bond or olher security satisfactory 10 landor.
SECURITY AGREEMENT; FINANCING STATEMENTS. ThO lclawlng proYlslons relaling 10 lhls Doed of Trusl as a security egreement are a part 01
lhIs Doed 01 Trust
Securtly Agreemenl. ThIs lnstrumonl shall constilufe e 59CuriIy egrB8menllo Ihe exlenlany ollhe Property constilutes fixluros or olher p8r.lonal
propetly, and leneBf shaD haw aU 01lh8 rights ola secured p8lfy under Ihe Uniform Commercial CDdo as amended Itom lime 10 limo.
Seturlty Interest. Upon r&quest by lender. Granlor shaD fl1GCUle financing s1lIletMnls and tall:e whafEMll' olhor acUon Is requasled by lsnd81lo
pertecl and conllnue Lender's security fnlereslln lhO Ranis and Personal PropGrty. In addition 10 recordIng 'his Deed of Trust In Ihe real property
records, lender may, at any Ilme and wilhout lurlhor aulhoriZa~on from Granlor,li!e executed counterparts, copies or reproductions allhls Deed
01 Trust as a financing slalemenl. Grenfor ShllB relmbur5G lender for aU expenses Incurred In porfocling or continuing Ihls securlly Interesl. Upon
delauu. Grantor 6ha1I assembla the Felsonr.l PrOpefly In a malltl8r and at I place reasonably coR\l9nlenllo Grantor and LeMar aM make II
avalable 10 Lender wIlhIn Ihree (3) days after rec8lpt 01 wrlllen demand from lender.
Addresses. The maing addresses 01 Grantor (debtor) and Lender (secured party). ITem which Inlormation concerning the security Inlamsl
IlranllNl by IhIs Deed of Trust mey be obtained (each IS reQwlId by lhe Unltorm Ccmrnorr:l4l Code), ere as stalDd on Ihe fnl page Dlltus Deed 01
TM'
FURTHER ASSURANCES; ATTORNEY-IN-FACT. The lallowlng provisions relating 10 ltlr1her assurences and allorney-ln-lacl are a part ollnls Deed
olTIU$l.
Ful1tlef Assurences. AI any time. and from time to ~me, upon f'8qlJO$l 01 lender, Granlor will make, 8XllCule and deliver, or wlll cause 10 be
made, e.xecuIed or de5Yured, 10 l..endBr or 10 Lunder's dsslgnee, and when rBquasled by lender, C8LJSll 10 bG lied, recordad, refi18d. or
RlrllCOfded, as. the case may be. 11.1 such Urnes IUId In such ollic8s and plirr:ll5 as londar may r.:Ieem appropricrlo, any ond an sl.lCh mortgages.
dceClS cllrUs~ 58Curlty deeds, securlty agreements, lInancing slatafTIQnIs, continuation slaloments, Inslruments of h.l1'lhar assurance. certlficates.
and ofher documents as may, In the sole opinion o! lander, be neooss.ary or desirable In order 10 effectuate, complele. pel1ecl, conlinue, or
preserve (0) lhe obUgallons of Granlor under ltio Nole, thls Deed 01 Trust, end lhe Related Documents, and (b) lhe liens and security Inlerests
crBllled by IhIs Deed 01 Trusf as font and prior llens on lhe Property, whlllhor now owned or herealler aCQuired by GrenIer., Unless prohlbned by
law or egreed to the contrary by lender In wrt1Ing, Grantor shaD mlmbulSo LenrSer for oR =15 and BXPel1SOS Incurred In connection With Ihe
matlers mlerrad 10 In !his paragraph. .
Allomey-ln-f"acl. If Granfor feils 10 do any oIlhe things ralerTecl to In the preceling paragraph, lander may do so lor and In Ihe name of
Granlor al'\d al Grantor's expense. For such purposes, Grantor hereby lrTeYDC8bly appoints lender as Grantor's ellorney-ln-fac! lor Ihe purpose
of maldng, executing, dellvering, fdlng, recording, end doing 811 olherfhlngs os may be necessary or deslrllble.ln lendClr's SOICl opinlon, 10
occompRshlhemallersrelerred 10 In Ihe pl1lcedlng para;raph,
F1.A.1. PERFORMANCE. U Granlor pays elthe Indllblednass whan ctu8. end 01h8rWlse perloons aD the obtiellllons Im~d upon Grenter u~ lh!:
Deed 01 Trust,loncl8l' shall exoeule al'\d lisUver to Trustee a reQuest for fl.dI r&COnwyanc8 and sha/l oxocute and clalIver to Granlor SlJlable slalemenls
ollermlnallon cl any financlnQ stammenl on filo evld8nc!ng l&nd8f's security lnlareslln the Rents and !he Personal Property. Any I'KOnYUyBnce tee
rOQulted by law $ne.a be paid by Grantor, II permlnlJd by appncabla law.
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07-20-1998
Loan No 12390
9857394
DEED OF TRUST
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Page 5
DEFAUl.T. Each 01 the following, altho opUon 01 Lendlll", shall constitute an evenl 01 d~lault {"Event 01 Defllullj under Ihls Deed olTrusl:
Deraull on Indebtedness. Failure of Granlor to make any payment when duo on the Indebtedness.
DefaUlt on Other Payments. FallUlll or Grantor wIlhln the Urns required by lnls Deed 01 Trust to IT\llka any paymant lOr taxes or InsurBllC(I, or any
Olherpaymanlnecessaryloptevanllillngolorlooll9Ctdlschargoolanylen,' ..
En,lronmental Defaull. Failure of 8IlY patty 10 comply with or parform when duo Bny term, cbllgaUon, covenant or,coRdillon contaIned In any
OnWonmonlal agrement exaculoo In connecUon with ltle Property.
Campllllltce Delllull. Fallura of Grantor to COmply with any olhar lerm, obligation, covenant or candWen contaIned In this Deed or Trust, the Nole
orIn any of tha Ralaled Documanls.
FOlse Statements. Any walT8nty, represenl:alion or sIalemenl made or fUrntshed 10 lender by or on behalf of Granlor under this Deed 01 Trust,
the Nola or 100 Related Documents Is lelso Of mlsleacllng In any malerial .espect, eUhar now or allhe lime made or lurnlshed.
Defecllve Cot18loralIuiUon. This Deed 01 Trust or eny allhe Releled Documents CGISSS to be In lull force and eflllCl ~nduding Ioilurtl 01 My
CDlloitar&l docuJllanls 10 Cfeale a valid and perfeetad securitytnlell:Jst or Uen) II any lime and for any f8llson.
Death or Insolvency. The dissolution (regardless 01 ~Iler eJection 10 continue is mad!!), any memb!!r wllhdraWs from Ih!! limlled liability
company, or any other lermlrlllUcn 01 Granlor's exlslenco as a going business or Ihe death of BOY member, the Insolvency of Grantor, the
appolnlmunl of a receiver lor any part 01 Grantor's property, Bny assltfnment 'or the benefil of crediloo;, 8ny type 0: crodilor workout, or fhB
commel'lC8ment 01 any proceeding under eny bankruplcy or Insolvency laws by or agafllSl Gmnlor.
Forectosu.e, Forfeiture, etc. Commencement 0' loreclosure or lol1eilure proceedings, whelh8r by JudiCial proceedinG. sell-help, repossession or
any olher melhod, by any creditor of Grantor or by any govarnmanlal agency agalnsl any ollhe Property. Howevar, llIls subseclion shall nol apply
Inlhe evenl 01 a good fallh dispule by Granlor as 10 Iha V8lldity or re8Sonablaness of the claim which Is Ih ebasls 0' lhe fOfeclosure or 10re!eUure
procaedlng, provided lhat Granlor gives lender wriNen notiCe 01 such claim and furnishes reserves or a surety bond lor Ihe c:!alm satis'aclOty 10
lender. . .
Breach 01 Olher Agreement. Any breach by G11lnlor under lhe lefms 01 any other agreemenl between Grantor and Lender lhalls nol remedied
wilhlnanyltl'aceperiodprovidodlt>a.eJn,lnc1udingwi!houlfimllallonanyagreementconcernlnganylndebladnessorolherobligallonofGranlorlo
Le~r, whethOf existing now or taler.
Evenls AlIecUng GUeranlor. Any ollhe preceding events occurs wilh respecllo any Guarantor 01 any ollhe IndBbledness or a~y Guaranlor dies
or becomes Incompetenl, Of revokes or dispules \he validity 01, or iabllity under, any Guaranty 01 lhe Indebtedness. llllldar. et lis oplion, ma~, but
shallnolberequiredlo,permillheGuarantor'seslaleloassumauncondiliona.yll1&obfigallollSarislngundllrllleguarnnlylnemannersalls1llclory
10 lender, end, In doing so, cure Ihe Evenl of Defaull.
Adverse Clwlge, A malerlal odverse change occurs In Granlor's tinanc!lll condilion, or lender bellevas Iha pro;;pect of paymenl or performance
oflhetndeblednassislmpelred.
Insecurity, Lender In good Iallh deems IIsal' Insecure.
RIghi to CUre. If such a failure Is ctJrable and 11 Granlor has nol been given a nolic8 01 II broact1 0' Ihe same provision of Ihis Deed 01 Trust wilhln
the pl'9CGdlng twelve (12) months, n may be cured (and no Event 0' Delaull win M\19 occurred) It Grentor, atter lender sends wrillen notice
demanding cure of such Iallure: (a) cures Ihe laIlure wllhln fineen (15) daysj or (b) lithe cure reqtrires more than lillean (15) days, !mmedlalely
Initiates slaps sl)lflClenllocurelhe fall1Jre and Iherealler conUnues and compleles all reasonabla and necessary sleps sufficlenl to produce
compllllnce as soon as rensonablypfacllcal.
!:tIGHTS AND REMEDIES ON DEFAULT. Upon Ihe occurrence of eny Event of Default and el any time tharealler, Trustee or lender, III its oplion, may
exerclse my one or more ollhe following rights and remedies, In addi~on 10 any other rights or remedies prOVidad by law:
Accelerole Indebledness. lender shall have Ih9 righl allls opllon wilhoul notIcG to Granlor 10 dscl8ro lhe enllra tndabladness ImmedIately due
and payable, Including any prepaymenl penally which Grantor would be raqufred 10 pay.
Foreclosure. With fospeclto ell or any part o/lhe Real Propetly, the Trustee shlln hevelhe fight 10 foreclose by noUce and sale, end lender shan
havelhe righl to loreclose by Judlclallomclosure, tn eilhsr case In accordance with and 10 the IuD extent provlded by eppllcable low. 1I1hls Dead
01 Trust Is lomclosed by Judlclalloreclosure, Lender will be enlllled 10 a Judgmanl whICh ~ ptolJlde IhBIII Iha loreclosure $lIle proceads lire
lnSUIllc1enllo sallsry Ihe ludgmen~ execuUon may lssuelOf lho amounl ollhe unpaid balanCG ollhe Judgmenl
UCC Remedies. With respecl to all Of any part Ollhe Personal Prnpllrty, lender shaD have aU Ihe rights and mmedies ola securad party under
tile UnIform Commen::lal Code.
Collect Renls.. lender shaH have Iha righi, wllhout nolice to Granlor, to take possession 01 and manage the Property lInd colleclthe Rents,
InclUdIng amounts past dlKl snd unpaid, and applylhe oot procGecls. over and above lencter's COSIs,lIGlllnsllhelndebledll9ss. InlurthElrellC90f
thIs righi, lender may requlre any lenanl or olher user of the Pmpllrty 10 make paymonls of renl or use 'ees d1reclly 10 lender. IIlha Renls are
ccllecled by Lender, lhen Granlor Irrevocllbly deslgnales lender es Granlor's aUofney-ln-facl to endOl'"'..8 IflSlruffilInlsroceived tn payment thereol
in !he nama 01 Grantor and 10 nagol/ala the same and co"ect Iho prOC08o"s. Paymllnts by lenants or olher user.; 10 lender In response 10 lender's
demand shall salisty the obllgaUons lor which the payments are made, whelher or nol any proper grounds lor the demand exisled. Lender may
8XBl"dseUsrightsundOflhlssubpatagmphellherlnporson,byagant,orlhroughe.ocelver.
Appolnl Receiver. lender shall have lho righllo hava B/eceiver appointed 10 Iaka possession of all or any part ollha Property, wllh lito power 10
prolecland preseNe (he Property, 10 operata lhe Property preceding foreclosure Of sale, and 10 collecllhe Rents from lhe PrOJlllrly end IIpply Ihe
proceeds, ovar and above the cost ollha recelvorshlp, against the Indobtedness. The locolver may serve wllhoul bond if pemlitlOd by law.
Lander's rtghllo the lIppolntmenl 01 a receiver sh.9U exfsl whelhar or nollhe apparent value of the Properly BXC8:eds the IndablednilSS by a
substanllal an'lolm!. Employment by lender shall nol c'lsquality a person from $8lVlng as a rec:etver.
Te"IlollllC)' aJ Sufferance. II Granlor remains in possession of the Propel'ty alter the Property Is sold as provided above Dr landct otherwise
becomes entillad to possessCon of (he Propefly upon delaull 01 Gre.ntOf, Gr!nlor shall become 0. lenant 0.1 sulIeranc.e oIlllndef or the purchaser 01
the Property and shall. lit Lenc'er's opllon,ellher (lIj pay a flIasonable renlal for fheUS8DI Ihe ProperiY,or (b) vacatelhe Properly lmmec'la!ely
upon the damand 01 lender. '
Other Remedies, Trustee or Lender shaD have any other righl Of remedy provided In thfs Deed of Trusl or the Nole or by law.
Nollce of Sole, l~d8fshal give Granlor reasonable notice of !he lime and placo of any public sala 01 the Personal'Properly 01" ollhe lime aller
\'.1-J..-h ar-y prlvii.tti sa!;:; or olhar Intandild dispot.ilion of Ihe Fersonel Property is 10 be made. Reasonable nollce sM.D moan nolice givlln allaast
len (10) days belore the lime 01100 sale or disposll~n. Any sale 01 Personsl Property may be made In conJune6on wllh any sale 01 tile Rea!
Property.
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07.21l-19g&
Loan No 12390
9857394
DEED OF TRUST
(Continued)
Page 6
Sale ollhe P,operty. To the extent permllled by applicable law, Granlor hereby waives any Bnd al! rights 10 have tile Property mllfShalled. In
IlXll1'CIslng lis rights end ramedles, the Trustee or Lender shan be free 10 sell an or any pari ollila Property togall1er or separately In one sllla or by
separuJesales. Lsndershall be enliUed 10 bfd al any public: sale on alJ or any pOl1lon 01 the Ptoperty. '
Wl1Iver; ElectIon of Remedies. A waiver by any party ol a br8QCh of a provision althis Deed of Trust shaU nol consmule a waiver of or prejudiee
the party's rights otherwise 10. demand shiel compllsn~ with thaI provision or any olher provision. EIecUon by L.l:lndar 10 pdrsue IllY IlImedy
provided In this Deed or Trust, the Nola, In Bny Related Document, or provided by law shan nol exclude pUfSull of any Olhel remaoy, and an
e!ec~on 10 make oxpendllures or to lake Bchon 10 plll'form an obllgel/on 01 Grantor under this Deed Of TruslaffellaJlure of Grantor to perform shlln
notsffeclLender'srighltodBClereadelaullendtoexerciseanyolftsramedie5. .
Altomeys' Feesi Expenses. II Lender lns~lules any sull or ac~on 10 enforce any or tile tarms of Ihis Ooed 0\ TlUs\, Leneler shall be entitled to
recover such sum as the court may adjudge rellSonebla as attorneys' fees at trial end on enyappeal. Whelhor or not any couri aelion G involved,
aU reasonable expenses IncurTed by LenGBi W'nIch in lendar's opinion are necessary at anytime lor the prolecllon 01 ils inl6reSI or the
enIorC6menl. of lis lights shan become e part ollha Indeblednass payable on domand and shaU bear Inl8reslallhe Note rale Irom tho dale Of
expDndllUf8 until repaid, Expenses eovared by INs paragraph Include, withoul Bmllalion, however subject to IIny limIts under sppllcabla law,
Lender's ellomeys' fet'S wh:lhcr or not It;ara Is a Iawsuil, including etlomays' lees lor benkruptcy proc:eocllngs (Including efforts to moctify or
vecate any sutomatic stay or Injunellon), eppaats and any enliclpated post-Judgmenl collection services, the cosl Of searching records, obtaining
1Itle reporfs (Inclucfjng loreclcsurerepons), surveyors'repOfts, appraisal lees, tIUe,lnsurance, and lees lor lho Trustee, to tl'le extenl permitted by
'eppllcabla law, Granlor also will pay any cour! costs, In addiUon to aU olher sums provided by law.
Rights ofTruslee, Trusle9 shall have all 01 tho nghls and dulrBS of Lender as sel fonh In \hIs secllon.
POWERS AND OBLIGATIONS OF TRUSTEE. The lollowlng proVIsions ralaUng to the powers and obHoaUortS olTruslee are part 01 this Deed 01 Trust.
Powers 01 Truslee. In adcfjUon 10 alt POWElrs 01 Truslee arising as a mailer 01 law, Truslee shall have the power 10 lake Ihe 101lowing actions wllh
respeclto lhe Property upon IIIe wrillen reqllOSf of Lender and GraniC(: (a) JoIn In preparing and flting a map or pial of lhe Real Property,
Including lhe dedication 01 streets or other rights 10 the publicj (b) Join In granllng any easemenl or CJ8allng any raslrlclton on Ihe Real Property;
and (c) Join In any subordlnalton or olhar agrellmenl eHeeting lhis Deed 01 Trusl or lhe Inlerest 01 Lender under IhIs Deed 01 Trust.
ObllgtlllOnSlo Nollly. Trustee shaD nol be oblfgalad 10 notify any othar party 0111 pending sale under anyothar \iusl deed or lien, or Of any action
or proceadlng In whlch Granlor, Lender. or Truslee shall be a party, unless the action or prOC9llding Is brought by Trustee.
Trustee. Truslee shall meel all QuaUficalions reQt*ed ror Tlllst&e u.nder applicable law; In eddmon 10 Ihe rights and remedies se.l fOOh above,
with respBCl to aU cr any pan ollhe Property, Ihe Truslee shaD have Ihe right 10 foreclose by not1ca and sale, end Lender shal have the right 10
lor9close bYJudJcIal forecl.osure, In eilhercase In accordance wIth end 10 the full exlen tprovidadbyappticabtelaw.
succesSor Trustee. Lender, allender's option, may from time 10 lime appolnl a successor Truslee 10 any Trustee appolnled hereundt;r by an
Inslrumant execuled and acknowledged by lendel and recordad In the office oltha recorder of lane County, Oregon. Tha Inslrument shan
conlatn, In addlUon to aU 011l8r malters required by slate law, the names o! the onglnalLender, Truslee. and Granlor, lhe bOOk and page where
this Deed 01 Trusf Is recorded, end the name and address 01 the successor lnrslee, and the Instrument shall be execuled end acknowledged by
lender or lis successors In Interest The successor trustee, wifhout conveyance clthe Properly, shall succeed to eU \he lme, power, and dl1lles
conferred upon the Truslea in lhis Deed 01 Trust Ind byapprlCllblalaw. This proc:edl.ll"e loe substitution oltruslee shell govern 10 Ihoexcluslon 01
all olherprovislons lor substiluUon.
NOTICES TO GRANTOR AND OTHER PARTIES. Any not~ under Ihls Deed 01 Trust shan be In writing, may be sent by leleracslmile (unless
otherwise required by law), end shall be effective whan actuaRy delivered, Of when deposited with a nationally recognized overnighl courier, or, it
maHed, shall be deemed elleclive when deposited in lh8 United S1s!as maU first class, certified or registered mall, postage prepaid, dlrecled 10 lha
adlftasses shown neer the beginning ollhis Deed of Trusl Any party may change lis address for nollces under lhis Deed 01 TMt by gMng formal
Writlan nollce to ItIe other partles, specifying lhallne purpose of !he nolice Is 10 change Ihe plllly's address. All copies of nollces 01 foreclosure from
lho I\(l!dsr 01 any lien wlllch has priority over thIs Deed 01 Trusl shall be senl to lender's address, as shown near the beginning 01 this Deed 01 TrusL
For notice purposes, Granlor agrees 10 keep Lendor IInd Truslee Inlormed atetllimes of Grantor's curtent Bddress,
MISCa.L.ANEOUS PROVISIONS. The following mlscellanllol.lS provisions Bfe a pari o! this Deed 01 Trust;
Amendments. This Deed of Trusl, together wilh any Relaled DOC:llmenls, consUMes !he enlire undefSlendlng and agreement oltha parties as to
lhemaIlBl.S&GllorthlnthIsOll8dOfTrus!.NllaltaralionoloramendmenllothiSDeedofTrustShellbOllffcc1lvoun!assglV;nlnWlllingandslglll.ld
by tha pllrty or partias soughllo be charged or bound by the elleraUon or Bmandmenl.
Annual Report$. If the Property is used lor Pl1lPoses other lhan Granlor's residence, Granlorshan lurnlsh !o Lender, upon reQuast, a certified
statamanl 01 oal operallng Income reco1ved from Ihe Property during Grantor's pmvlous liscel year In sllCh lorm ond dela~ as Lender shan require.
"Nel operaHng Income" shall mean all cash receipts Irom the Property less all cash oxpendilures made in connection wKh the operation 01 the
Property.
Applleable LsYi. this Deed or Trust has been delivered 10 Lender end .IIccepled by lender In Ihe Slale of Oregon. This Deed of Trust
Shall be governed by and Ctlnstrueclln a~ordllnce with the laws 01 the Slale 01 Orel1Dn.
Caption HeadIngs, Caplloll headings In Ihls Deed of Trusl ara lor ccl'Nanlence purposes only lInd are nollo be used to Interprel or deline lhe
prOVISions OIlhls Deed 01 Trusl. .
Merger. There shall be no merger 01 the Intemsl or eslate Cf9Qtadby this Deed 01 Tfus\ with IIny o1her Intares! or aslaleln Ihs Property al any
lime h8ld by or lor !he benefit of lender In any c:8patltt, wilhou\ the Wri~en cOlIS9nl o! Lender,
Mulflple Parlles. AD obligations of Granlor under this O&ed of Trusl shaU be Jolnland S8V9fal, and an relarences 10 Grantor shaD mean each and
every Grantor. ThIs means lhal Bllch Of Ii".a persons signing below Is respol'lSlblo lor D1J obligations In UVs Deed of TrusL
S8verllblllty. [I II court 01 complllent jurlsdicllon finds lIny provision of IhIs Deed of Trusllo be InvsBd or unanlcrceable as 10 any person or
Ci!'C\lmstnnC1l, such findlng shaU not (eneler that prOvision InvaHd o! unenlcrceabts as 10 any OIher.POl'SOns or cfrctJmslances. llleasi.ble, any such
offending provision shah be d88rT111d 10 be modlfl8d 10 be wlthln ItIe IImlls of ollforceabllily or vel1 dily;however,fllheolf1lndlngprovisloncannOlbe
so mOdilled, II sh811 be strfcken and all olher provisions of tl1Is Deed ofTruslln all ol11er respects shall remain valid 811d enforceable.
Successor8 IlI1d Assigns. SUb)scllo. tha 11m/lations sleleclln this Deed 01 Trust on translar of Granlor's Inleresl, this Deed 01 Trusl shall be
bInding upon end lnwe to 1M benefit of the parties, Ihelr successors end assigns. II ownership ollhe Proparty becomes vested In a perslln olher
Ihen Granlcr, L!'tlder, ,;,.'Uhout not~ to Grnnlor, rn=.y d;;al....-::l1 Granlor's SLJCCeSSOfS wilh referen;;:e to this Deed olTrusl find tha Indebtedness by
way oIlorbearanttl or exIenslon wlIhout releeslng Granlor Irom Ihe ob~galions ollhls Deect 01 Trus! or HabUiIy undar 1M Indebtednass.
Time Is of the ESSence. TIme Is ollila essance In !he perlonnance or lhis Deod 01 Trust.
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07-2o-199~
loan No 12390
DEED OF TRUST
(Continued)
Page 7
9857394
WaIVers en" Consents. Lender shall nol be deemed 10 have walVlld any rights undor this Dead 01 Trust (or under tho Related Documents)
unlass sUCh waIver Is In wrillng and slgnad by Lender. No delay or omlssion on the part 01 lender In exercising any right shall operate flS Ii waiver
01 such right or lUly olher right. A waiver by any party 01 a proV\slon ollhls Deed of Trust shall nol conslilLlle a waJ~Br 01 or prejudice the partys
right othetwlse 10 dsmand smcl campJlance with that provision or any olher provision. No prior walvar by Lender, nor any course 01 dealing
between Lendersnd Granlor, shall conslilule II walvarol enyol Lender's rights or any 01 Grantor's Obligations !IS 10 Il'1y future transactions.
WhenBwr consent by Lender Is required In IhIs Daed of Trust, Ihe graollng of such consenl by lender In any Instance shall not conslilule
conllnulngconsenl 10 subseqoonl lnslances where such consenl Is required.
COMMERCIAl. OEED OF TRUST. Granlor agrees with lender that Uis Deed of Truslls a commerl:~1 deed of trust and that Grantor will nol eharlQe
the use of Ihe Properlywllhout Lender'$ prior writlen consent,
EACH GRANTOR ACKNOWlEDGES HAVING READ AlL THE PROVISIONS OF THIS DEED OF TRUST, AND EACH GRANTOR AGREES TO ITS
TERMS.
GRANTOR:
:~Bm-
pttlupL. liTVin, mber
BY~~~
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
STATE OF (!) /?..P#/J/L
COUNTY OF i7fJ A.e..;
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(I LESUEJHlJGHES
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',' CO~ONNO.052684
IlI'COW.ISSICflEXPlRESm(,2l;Q)
On Ihis ~ day of ~ ~A\ ' 19.1t.. belore mfI, the undersigned Notary Public, pllf!;onally appeared Philip L. Marvin,
Member or Too Blue LLC, an known 0 me 10 be a memb8f or desigl1B.led agent of Ihe ~miled Uabllity company that executed tha Deed of Trust and
acknowledged the Deed of Trust to be Iha free and yolunl.ery aCland deed of lhe Hmlled liability company, by authority 01 stelule, ils articles 01
organization or Its operating agreemenl, lor the uses IInd purposes therein men~OlUld, and on oath staled thaI he or she Is aulhorlzed 10 execute this
Dead olrrusl and In le;,cUlad the ono of Tru:;l on bBhall of the rlmiled IiablUly company.
By~AJ'/~P..o Re$hiln~alf:UJ"""".p/
Notary PUblici" and for Ihe State 01 OlUj fi~ Mycommlsston expires {n'''. \.Iv
LIMITED LIABILITY COMPANY ACKNOWLEDGMENT
STATE OF rJ /'l.1l d~rl/
COUNTv OF#,-1 c>../
_"",,"-SEll.
lESIJEJHUGIIES
ImARYPUBlJC'OREGQN
".. _ ..-' (X)M.WSSOONO.052S84
UY~IEXPlRE5.A1tlf..2DOO
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On this ...al day of nil:: ~~ ,19ft before me, tho undersigned Noiery Public, persOflllIly appoarGd JoDn C. rAtlrvln,
Membe~e U.C. Q OWtll ma to bB a mambllr or daslgnaled agenl of Ihe Iimi1ed fiabnlty company thai axsculed tho Dead 01 Trust and
8cl1nowledged the Deed 01 Trust 10 be the free and volunlary ael and deed oIlho Ilmltad IiabUlty company, by aulhorily of stalule, Its ar1lclas of
organlzaUon Ol' Its oparaUng agreement, lor the uses and PUIpOS8S thereIn mfInllonad, and on oath slaled lhat he or she Is authorized to execula Ihls
Doed 01 Trust and in leel u1ed I a Deed 01 Trusl on behalf 01 the IImlIed llabUlly company.
By ResIding al ~.u {}.Jt? vU-
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07..20-1998
LoBn No 12390
9857394
Page B
DEED OF TRUST
(Continued)
REQUEST FOR FUll RECONVEYANCE
(To be used only wtwn obngallons have been paid in full)
To: Truslee ~
The llndsrslgned Is the legal Owner and holder 01 alllndebladness sBClE8d by this Deed or Trus!. AU sums 59Cured by Ihls Deed ot Trust havu besn
wily paid and satisfied. You Bre hereby d1f&Cllld, upon paymenllo you 01 any sums owing 10 you under !he terms or Ihls Dged of Trust or pursuanllO
any BPpllcablll'slalule, 10 cancellha Note secured by Ihls Deed 01 Trust (which Is dallvllrad 10 you logBlherwllh this Deed alTrust), and 10 reconvey,
wltbout W&l'Tan1y, 10 the parties des!gnalod by the larms of this Deed 01 Trust, the aslatll now hold by you under this Deed QI Trusl. Please malllhe
lBCO/lwyanceand Aelaled Oocumenls 10;
Date:
Beneftclol'y:
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LASEFlPRO, RIg. u.s, 1".1.& T.M. 011.. V~,. ~.25(~llg~'CFI ProSorykU, 'nc, AUr\gtIl'rlur.red,IOR-GCI TOOBLUE.LN]
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9857394
PROPERTY DESCRIPTION
PARm 1:
a~9ittning at a point ~hich is 603.0 feet East and ~73.5 feet Noreh of the
Northwest conler of the Daniel HcVey Donation Land Cl~lm No. 82, Township 17
South. Range :3 West of the Wi11amette I-Ieridian, aaid point being marked by an
iron pipe; t~oQ said beginning point run North 652.0 teet to the Willamette
RiVer; thence meandering said river u~ stream 45 tollows: South 410 11' East
633.9 teet; thence SOuth 340 45' East 470.8 feet to a point of intereection
with th~ Northerly right of WAy line ot the McKen~ie Highway; thence leaving
said river and following Baid right ot way line South 64. 47' West 346.7 feet
to an iron pipe; thence North 15. 44' We~t 152.1 feet to ~ iron pipe;
thence SOUth S90 59' West 56.7 feet to an iron pipe; thence North 45. 30'
West 17S.~ f~et to an iron pipe: thence North 97. 29' West 65.3 teet to an
iron pipo: thence North 84.5 feet to An iron pipe: thCDce West 81.Q feet to
the place ot beginning, being a part of Section 34, in Lane County, Orogon;
EXCEPT that portion described in Final Judgment in faVOr of
State of Oregon by and through it~ State Highway Commission
tiled December 12, 1947, Case No. 33924. Circuit Court at the
State ot Oregon.
PARCEL 2:
Beginning at a point whicb is 6B4.0 toet East ct the Nar,thwe$t corner of the
D~iel MCVay Donation Lane Clatm No. 82, Townohip 17 SOUth, Range 3 Heot,
Willasette Meridian, tram said beginning point run Norch 189.0 feet; 'thence
South S,o 29' Eaet 65.3 feet; thence South 450 3D' Ea~t 95.9 feet: thence
South 10 24' East 192.3 feet; thenCe South 70 40' Ekst 7B.B feet to the
Northerly right of way line of the HcKenki~ Highway; th~nce tollo'Ning 8aid
right ot way line Southwesterly along arc ot a Epiral curve to the right.
(the locg chord of which beArc South 760 48' West 127.5 feet) a d1atance or
127.6 feet; tnence leaving eaid right of way lino ~nd run North 160 15' Weat
110.0 f4.t, thenc~ V~rtb 9~.~ !~et to the place of beginning, being a part of
Section 34, Lane Coun.ty, Oregon;
EXCEPTING that part of the above described real property
conveyed to Earl L. DickGon and wite. by instrument recorded
February? 1938, in Book 193, Page 321, Lane County Oregon
Deed Records, in L~e County, Oreson.
INITIALS REQUIRED'
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Division of Chief Deputy Clerk
Lane County Deeds and Records
~l~l~JI~~W~~l!tIJ~lWfH~ /1/1/ I 1/ III
RPR-DEED Cnt=1 Stn=7 10/07/200302:45'54 PM
$3!5.00 $11.00 $10.00 CASHIER 07 '
200J-0981i5 "
$56,00
After Recording return to:
FORD & ASSOCIATES
P.O. Box 22735
Eugene. OR 97402
Tax Statement Address: NO CHANGE
DECLARATION OF PROPERTY LINE ADJUSTMENT DEED
RECITALS:
The parties to this transfer are: Philip L. Marvin and Joan C. Marvin, known as Party "N' in this
document and Robert D. Krieg and Jeri L. Krieg,. known as Party "B" in this document.
This Deed is intended to adjust the boundary line between the two parcels of property owned by
Party "A" and Party "B". This adjustment is set forth to comply with applicable local land use
regulations and the provisions ofO.R.S. 92.190(4). A survey of the revised boundaries, prepared
by Ford and Associates will be recorded in the Lane County Oregon Surveyor's Office.
The legal description of Party "A's" property, acquired with a Warranty Deed - Statutory
Form, is filed in Reel 2444R, Instrument Number 9857392 of the Lane County Oregon
Deed Records and the legal description of Party "B' s" property, acquired with a Oregon
Statutory Warranty Deed, is filed in Instrument Number 2002-071532 of the Lane
County Oregon Deed Records in Lane County, Oregon.
AGREEMENT:
NOW, THEREFORE, Party "A" and Party "B" do hereby adjust their common boundary line to
the position described in attached Exhibit "N' and depicted in the attached Exhibit "E".
Party "N' conveys that certain property described in attached Exhibit "B" to Party "B", his heirs,
successors and assigns, to accomplish the property line adjustment The legal descriptions for the
revised boundaries are attached hereto and incorporated herein as:
(Marvin Property)
The legal description for the revised boundaries of Assessor's Map No. 17-03-34-41, Tax Lot
100 is shown in attached Exhibit "C".
(Krieg Property)
The legal description for the revised boundaries of Assessor's Map No. 17-03-34-41, Tax Lot
200 is shown in attached "Exhibit "D". . '
The true and actual consideration for this conveyance for this transfer is other
value given or promised.
Property Line Adjustment - Page 1
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/ THIS INSTRUMENT WILL NOT ALLOW USE OF THE PROPERTY DESCRIBED LN THIS
/// INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND
REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON
ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE
APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY APPROVED
USES.
Dated this d2~ day of .... ~,o:..I"'7'F~.6~1f' . 2003
.
Grantors Party "An
~1:fY~'
I Ip . arv,"
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one. Marvin .
., OFFICIAL SEAL
. lORI WEECH
'" .1 NOTARY PUBLIC. OREGON
.... COMMISSION NO. 353715
MY COMMISSION EXPIRES FEB. 28, 2006
State of Oregon)
)ss
County of Lane )
On this ~~ day o~08.-t,/YY)k:.O-1- ,2003, personally appeared before me the above named
Philip L. Marvin and Joan . Marvin, and acknowledged before me that the forgoing instrument is
their voluntary act and deed.
~~ ~1- My Co"';"" ",,",,6<) d-Kb,
UJA."
Robert D. Krieg ~
ASenAJ s
County of~
On this J ,r day of C)urTJ f!3e1i!-
named Robert D. Krieg
instrument i$~ v unt
hi
, 2003, personally appeared before me the above
d acknowledged before me that the forgoing
. ssion Expires:
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EXHIBIT "A"
(New Boundary Line)
Commencing at the Northwest comer of the Daniel McVey Donation Land Claim No. 82,
Township 17 South, Range 3 West of the Willamette Meridian; thence North 269. 10 feet; thence
East 603.60 feet to a point on the westerly line ofthe above described Marvin urlit ofland; thence
following along the westerly and southerly lines of said Marvin unit of land as follows: South
89059'40" East 80.39 feet; thence South 369.29 feet; thence East 19.91 feet; thence South 6015'
East 98.11 feet to the Northerly right of way of the McKenzie Highway; thence following along
said right of way, along a curve to the left having a radius of914.93 feet an arc distance of126.18
feet, the long chord of which bears North 70018'30" East 126.08 feet; thence leaving said right of
way, North 7041'10" West 82.83 feet; thence North 1057'59" West 187.20 feet; thence South
45027'46" Fast 83.44 feet; thence South 89016'12" East 56.91 feet; thence South 16046'27" East
17.58 feet to the TRUE POINT OF BEG1NN1NG of this new division line, said point being in an
existing chain link fence as it existed on November 20, 2002; thence along said chain link fence,
South 76034'06" East 14.33 feet; thence leaving said fence., South 01042'55" East 34.58 feet to
the northerly line of that unit ofland described in final judgment in favor of the State of Oregon by
and through its Highway Commission filed December 12, 1947, case no. 33924, Circuit Court of
the State of Oregon; thence following along said Northerly line, along a curve to the left having a
radius of193.23 feet an arc distance of 4.07 feet. the long chord of which bears South 40001'46"
West 4.07 feet to the terminus of this new division line. all lying in Springfield, Lan.e County,
Oregon.
EXHIBIT "B"
(Property being conveyed)
Commencing at the Northwest comer of the Daniel McVey Donation Land Claim No. 82,
Township 17 South, Range 3 West of the WillametteMeridian; thence North 269.10 feet; thence
EaSt 603,60 feet to a point on the westerly line of the above described Marvin unit ofland; thence
following along the westerly and southerly lines of said Marvin unit of land as follows: South
89059'40" East 80.39 feet; thence South 369.29 feet; thence East 19.91 feet; thence South 6015'
East 98.11 feet to the Northerly right of way of the McKenzie Highway; thence following along
said right of way, along a curve to the left having a radius of914.93 feet and arc distance of
126.18 feet, the long chord of which bears North 70018'30" East 126.08 feet; tl1ence leaving said
right of way, North 7041'10" West 82.83 feet; thence North 1057'59" West 187.20 feet; thence
South 45027'46" East 83.44 feet; thence South 89016'12" East 56.91 feet; thence South
16046'27" East 17.58 feet to the TRUE POINT OF BEG1NN1NG, said point being in an existing
chain link fence as it existed on November 20, 2002; thence continuing South 16046'27" East
42.83 feet to the northerly line of that unit ofland described in final judgment infavor of the State
of Oregon by and through its Highway Commission filed December 12, 1947, case no. 33924,
Circuit Court of the State of Oregon; thence following along said Northerly line, along a curve to
Property Line Adjustment - Page 3
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the right having a radius of 193.23 feet an arc distance of 4.07 feet, the, long chord of which bears
North 40001'46" East 4.07 feet; thence leaving said Northerly line, North 1 042'55" West 34.58
feet to a point in said chain link fence; thence following along said chain link fence, North
76034'06" West 14.33 feet to the true point of beginning, all lying in Springfield, Lane County,
Oregon.
.
EXHIBIT "e"
(Marvin Property)
Adjusted Description of Tax Lot 100, Tax Map 17-03-34-41 - Party "A"
All of that unit ofland conveyed to Philip L. Marvin and Jeri. C. Marvin recorded on July 21,
1998 and recorded in Reel 2444R, Instrument Number 9857392 of the Lane County Oregon
Deed Records less and except the following described unit ofland:
A urut ofland being a portion of the Southeast Quarter of Section 34, Township 17 South,
Range 3 West of the Willamette Meridian, said unit ofland also being a portion of that property
conveyed by Warranty Deed to Philip L. Marvin and Joan C. Marvin recorded on July 21, 1998
in Reel 2444R, Instrument No. 9857392 of the Lane County Oregon Deed Records and shown
on a survey for Emerald Valley Publishing Co. by Donn Stemm dated May 17,
1984 and recorded in County Survey File No. 26672, Lane County Oregon Plat Records, said
unit ofland being more particularly described as follows:
. Commencing at the Northwest comer cifthe Daniel McVey Donation Land Claim No. 82,
Township 17 South, Range 3 West of the Willamette Meridian; thence North 269.10 feet; thence
East 603.60 feet to a point on the westerly line of the above described Marvin unit ofland;
thence following along the westerly and southerly lines of said Marvin unit of land as follows:
South 89059'40" East 80.39 feet; thence South 369.29 feet; thence East 19.91 feet; thence
South 6015' East 98.11 feet to the Northerly right of way of the McKenzie Highway; thence
following along said right of way, along a curve to the left having a radius of914.93 feet and arc
distance of 126.18 feet, the long chord of which bears North 70018'30" East 126.08 feet; thence
leaving said right of way, North 7041'10" West 82.83 feet; thenceNorth 1057'59" West 187.20
feet; thence South 45027'46" East, 83.44 feet; thence South 89016'12" East 56.91 feet; thence
South 16046'2T' East 17.58 feet to the TRUE POINT OF BEGINNING, said point being in an
existing chain link fence as it existed on November 20, 2002; thence continuing South 16046'27"
East 42,83 feet to the northerlv line of that unit ofland described in final iudgment in favor of
the State of Oregon bv and through its Highwav Commission filed December 12. 1947, case no,
33924 Circuit Court of the State ofOree:on: thence following alone: said Northerlv line.'along a
curve to the right having a radius of 193,23 feet an arc distance of 4.07 feet. the long chord of
which bears North 40001'46" East 4,07 feet thence leaving said Northerlv line North 1042'55"
West 34.58 feet to a Doint in said chain link fence. thence following along said chain link fence.
North 76034'06" West 14.33 feet to the true point of beginning, all lying in Springfield, Lane
County, Oregon.
Property Line Adjustment - Page 4
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EXHIBIT "0"
(Krieg Property)
Adjusted Description ofTaxLot 200, Tax Map 17-03-34-41- Pany"B"
A unit ofland being a portion of the Southeast Quarter of Section 34, Township 17 South,
Range 3 West of the Willamette Meridian being more particularly described as follows:
AIl of that unit ofland conveyed to Robert D. Krieg and Jeri L. Krieg recorded on September
16,2002 and recorded in Instrument Number 2002-071532 of the Lane County Oregon Deed
Records and the following described unit ofland:
A unit ofland being a portion of the S0uth~st Quarter of Section 34, Township 17 South,
Range 3 West of the WilIamette Meridian, said unit ofland also being a portion of that property
conveyed by Warranty Deed to Philip L. Marvin and Joan C. Marvin recorded on July 21, 1998
in Reel 2444R, Instrument No. 9857392 of the Lane County Oregon Deed Records and shown
on a survey for Emerald Valley Publishing Co. by Donn Stemm dated May 17, 1984 and
recorded in County Survey File No. 26672, Lane County Oregon Plat Records, said unit ofland
being more particularly described as follows: .
Commencing atthe Northwest comer of the Daniel McVey Donation Land Claim No. 82,
Township 17 South, Range 3 West of the Willamette Meridian; thence North 269.10 feet; thence
East 603.60 feet to a point on the westerly line of the aboye described Marvin unit ofland;
thence following along the westerly and southerly lines of said Marvin unit ofland as follows:
South 89059'40" East 80.39 feet; thence South 369.29 feet; thence East 19.91 feet; thence
South 6015' East 98.11 feet to the Northerly right of way of the McKenzie Highway; thence
following along said right of way, along a curve to the left having a radius of914.93 feet and arc
distance of 126.18 feet, the long chord of which bears North 70018'30" East 126.08 feet; thence
leaving said right of way, North 7041'10" West 82.83 feet; thence North 10.57'59" West 187.20
feet; thence South 45027'46" East 83.44 feet; thence South 89016'12" East 56.91 feet; thence
South 16046'27" East 17.58 feet to the TRUE POINT OF BEGINNING, said point being in an
existing chain link fence as it existed on Noyember 20,2002; thence continuing South 16046'27"
Fast 42.83 feet to.the northerly line of that unit ofland described in final iudl!ffient in favor of the
State of Oregon by and through its Highway Commission filed December 12. 1947. case no.
33924 Circuit Court of the State ofOrel!on: thence follmvinl! alOnl! said Northerly line. alonl! a
curve to the ril!ht havinl! a radius of193.23 feet an arc distance of4.07 feet. the lonl! chord of
which bears North 40001'46" East 4.07 feet. thence leaving said Northerly line. North 1042'55"
West 34.58 feet to a ooint in said chain link: fence: thence followinl! alonl! said chain link: fence.
North 76034'06" West 14.33 feet to the true point of beginning, all lying in Springfield, Lane
County, Oregon.
Property Line Adjustment -Page 5
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STATEOFWASHINGTON,COUNTYOF lI~f,.~
Onlhis
J,j d.yof ()Jo~
.200~
before me:. a NOW)' Public in and f(lr said Stnte, personaJly appeared
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0"-. NE COR. DANIEL
McVEY OLe. NO.
82. T17S. R3W, W.M.
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pHIUP
!J. JOAN C.
~ARVIN
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SCALE 1-=100'
MARCH 11. 2Q03
EXHIBIT "E"
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