HomeMy WebLinkAbout04b. Deed of Trust, GFI Meridian Investments LLC, 02102017aWK: Deed 5o —rnm-ONTWued PiIe NHa--. 46101-2572029 rM)
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A.P.N.; Fie No, 4101- 72M ?TD i
DEED OF TRUST
TKB DEED OF TRUST, made this day of April, 2016, betvwipen GFI-MERIDIAN
INVESTMENTS, LLC, a Utab lirn±ed Inability cumParlY. as CRANTOR(S), wha5e address is 74 East 500
South, Suite 200, aauntfiU, Utah 84010, and First American Trtle Company, a California
Corporation. a$ TRUSTEE, whose addrm is 3W E. Langwing Lane, Suito 730, Meridian, ID
83646. THE XLT FUND, LTD., a Utah €!matted Cartnembip, as BENEFICIARY, wh 5e address is 74
East 5U0 South, Suite 200, Bountiful, Utath 84010;
YVT ,%7H: That Gram does t>feby irtevoca* GRANT, B,AR" N, SELL AND CONVEY TO TRUSTEE
iN TRusT, wrN pOWER OF SALE, that pruperty to t? a County of Ac a, State of Idaho, described m
fviiws and ax tairrirng not mare U-Wrl 80 acres:
LEGAL 0 ESC RI PTIO N' Raa€ prOperty Pn the County Of Ada. SWte Of Idaho, descntedas fo ka m'
PARCEL I:
A PARCEL OF LAND LOCATED IN THE SW 1/4 OF THE NW 1/4 OF SECTION 4, TOWNSHIP 3
{NORTH, RANGE 1 EAST. BOISE MERIDIAN, CITY Of MERIDIAN, AvA COUNTY, IDAHO, A
PORTION BEING SHOWN ON RECORD OF SURVEY NO. 9983 RECORDED AS INSTRUMENT
NO. 2014-102475 AMENDED BY AF DAViT RECORDED AUGUST 4, 2015 AS INSTRUMENT
NO. 2015070892, ADA COUNTY RECORDS, P40RE PAR 71CULARLY AS FOLLOWS:
COMMENCING AT A FOUND BRASS CAP MONUMENT MARKING THE fNORTHwEST CORNER OF
SECT ON 4, THENCE
SOUTH 0c'36'00" WEST. COINCIDENT WITH THE WEST LINE OF THiE N W 4 OF SAID SECTION
4, A DLSTANCE OF 1,385.13 FEET; THENCE
SOUTH 89051'36"EAST 7 0. 00 FEET TO THE EAST RIGHT OF WAY DF N. EAGLF ROAD, THE
SOUTHWEST CORNER OF SOUTHEAST CORNER MARKETPLACE SUBDIVISION NO. 1, AS
SHOWN ON FILE IN BODK 101 OF PLATS AT PAGES 13253 THROUGH 13255, ADA COUNTY
RECORDS, AND THE POINT DF SEGINNING, THIENCE CONTINUING
A W Dead i%f TCLeA - CarF#mued Fla ".; 4101-2572M (TDI
AFAR #RECORDING MAIL TO:
GF1 — Meridian Invents, LLC
Am, G. Walter Gasser
74 East 500 South, Suite 200
Bountiful, Utah MID
9ECTFCNCALLY MCCFM - W
VNWA )VE THE C'Y-Nt ' SIB FiM
ME AS rr S 1*31Y ;NCOPI�l0 AS
MOVCr W OW.Oft DOCUMENT-
A-P.hf_;
File No, 41Qi-2572028 ITOI
DEED OF TRUST
THIS I.EED OF TRUST, made this day of April, 2016, between GEI-MERIDIAN
INVESTMENTS, LLC, a Utah G iked liability company, aS GRANT0P.:'S ;, v-oho5e address is 74 East 500
South, Suite 200, $ourttiful, Utah 8402-0. and First American Title Ciompany, a California
Corporatiurt, as TRUSTEE, whnse address is 3540 E. Longwing Lane, Suite 230, meridiass, ID
83646, and THE XLT FU NOP LTD., a Utah limited partnership, as KNEFIGIARY, whose address 15 74
East 500 Seuth, Suite 200, 60unbfut, Utah W10,
ITNESSE iH: 7hat Grantor does hereby irrevocaWy GitJR T, aWWUN, SELL AND Cc14VEY TO TRUS!-EE
1N TRUST, WITH POWER OF SALE. tttat Ffaperty in the County of Ada, State of Idaho, descfibed as
rollows and containing not more tin 80 acres:
LEGAL DESC€.1PTIDN: Real property in the County of Ada, State of Idaho, descries as 1`0110 vs:
PARCEL I:
A PARCEL Of LAND LOCATED IN THE SW 1/4 OF THE NW 1/4 OF SECTION 4, TOWNSHIP 3
NORTH, RANGE 1 EAST, BOISE MERIDIAN, CITY OF MERIDIAN, ADA COUNT', IDAHO, A
PORTION BEING SHOWN ON RECORD OF SURVEY NO. 9983 RECORDED AS INSTRUMENT
NO. 014-102475 AMENDED BY AFFIDAVIT RECORDED AUGUST 4, 2015 AS INSTRUMENT
NO. 2015070892, ADA COUNTY RECORDS, MORE PARTICULARLY AS FOLLOWS,
COMMENCING AT A FOUND BRASS CAP MONUMENT MARKING THE NORTHWEST CORNER OF
SECTION 4, THENCE
SOUTH 0=36'00" WEST, COINCIDENT WITH THE WEST LINE Of THE NW4 OF SAID SECTION
4, A DWANCE OF 1,385.13 FEET; THENCE
SOUTH 8905 136"EAST 70.00 FEET TO THE EAST RIGHT OF WAY OF N. EAGLE ROAD, THE
SOUTHWEST CORNER OF SOUTHEAST CORNER MARKETPLACE SUBDIVISION NO. 1, AS
SHOWN Ol'i FILE IN BOOK 101 OF PLAYS AT PACES 13253 THROUGH 13255, ADA COUNTY
RECORDS, AND THE POINT OF BEGINNING; THENCE CONTINUING
Paw Ia;
1Ce� of tx�t - rnzu9d LF h e : 4101 ST Ze (TD)
SOUTH 89*51'36"€AST (FORMERLY EAST & FORMEFLLY S89050'"'E) COINCI 0ENT WITH THE
SOUTH LIME OF SAID SOUTHEAST CORNER MARKFT'PiLACE SUS NO. 1, A DISTANCE OF
700.15 FEET TO A 518-INCH REBAR; THENCE
NORTH 00°36'00"EAST (FORMERLY NORTH) COINCIDENT WITH THE BOUNDARY OF SAID
SOUTHEAST CORNER MARKETPLACE SUB NO. 1, A €DISTANCE OF 93,77 FEFT, THENCE
SOUTH 89"52'28"EAST (FORMERLY EAST & FORMERLY 589°52'58" E) COINCIDENT WITH
THE SOUTH LINE OF SOUTHEAST CORNER MARKETPLACE SUBDIVISION NO, 1, THE SOUTH
LINE OF GOVERNMENT LOT 4 OF SAID SECTION 4, AND THE SOUTH LINE OF UNA MAS
SUBDIVISION, AS SHOWN ON FILE IN BOOK 103 OF PLATS AT PAGES 13894 THROUGH
13896, ADA COUNTY RECORDS, 504.91 FEET TO THE WEST RIGHT OF WAY LINE OF N.
RECORDS AVE. AS SHOWN ON FILE IN INSTRUMENT NO. 114020090, ADA COUNTY
RECORDS; THENCE
SOUTH 00*40'39" WEST COI NCIDENT WITH SAID WEST RIGHT OF WAY OF N. RFCQRDS
AVE. 717.01 FEET; THENCE
NORTH 89"22'08" WEST 6 80. 75 FEET; THENCE
NORTH 34"48'52" WEST (FORMERLY 1435-25'W) 57.10 FEET; THENCE
NORTH 66°18'5 " WEST (FORMERLY N66.55'W) 264.00 FEET; THENCE
SOUTH 84°26 08" WEST (FORMERLY S83°50'W) 132.06 FEET; THENCE
NORTH 53'04'00" WEST (FORMERLY R53°40-W) 144.06 FEET TO THE SAID EAST RIGHT OF
MAY LINE OF N. EAGLE ROAD; THENCE
NORTH 00�36'00" EAST 391.77 FEET TO THE POINT OF BEGINNING.
PARCEL I1,
EASEMENT RIGHTS AS CONTAINED IN CROSS ACCESS EASEMENT AGREEMENT, RECORDED
JANUARY 15, 2016, AS INSTRUMENT NO. 2016003980, RECORDS OF ADA COU NTY, IDAHO.
APIN:
TOGETmER wn-H the ren%, issues, and profits thereaf; SUB3K7, HOWEVER. to ttre right, power and
auftxy- y hereinafter gwm ba aw conferred upon BeWsciaty in collect and apply such rents, isS and
profit s�p�es+e for the pof wring paym (ent & the lndebwd s evkleno by a pramissory ncw. of even
date here -with, ExecuLad by Grantcw In the sum of Eight Mullion Dollars ($8,000,OOO.O0) and to
secure payment of all such fuMber sums as nay hereafter be loaned or advanced by the Bury
her6n to the Grantor herein, or any or ei[)et of diem, while recwd awaer of present interest, for any
purpose, and of any notas, draft or athe€ irtsMments representing such furtheF loans, advances or
expenditures together wM 13 1west ors all such Burns at the rate kfterein provided. provided, however,
that the malting of 5vch furthu IW05, minces Gr expendltures shall be opbDn2d wfth the Lary,
and pro�6ded, farther, that r is the eqxess intention of the parties W this Deed of Trust that it ill stand
as wntinuing security until paid for alb wch advances Wgether with interest thereon.
To protect the 5ecunty of this Deed or Trust, Grantor agrees:
By the execution of U* Deed of Tma and ft NOW hWzbrY seouraed ftt provisk ss I too 5 1ndL►siwe of
{Bart A and provisium L to 9 inclusive of Part S of the Deed of Trust wherein Sohn B. Bell and Velda R.
Sell were Granters a i lie and Trust CoMpany was TFu5W, which was recorded Mardi 22, 1957, as
lnsLrument No. 408028, a page 189 of Vo!urne 291, Ada County, Idaho Mortgage Records, "I be aad
P2gr.- 2 at -i
A H- C*ed Of Trial - oxftni rd Rre Uw. 4101-2572OZO (W)
tidy are hey it rgpraWd aiW rnac#- an inteNg3ai part hereat for all Pub as tl-x>j9h set foft heard
at length.
Rer is herby made 07A a copy of any ticUm of DEM ulk and a GOK of any NOtIce of Sale hereunder
be rnafled tD the GTarwr at his address hErein efore 5d fah.
R - MFRLiDtAN INVESTMENTS, LLC
a Utah limted liability company
BY. , l4aiter Cass r, i-Srtager
STATE OF Utah
COUNTY OF Salt take �
on this day of April, 2016, here rate, a Notary ftWic in and for said State, Personally appeared
G. Wa#kff Gasses, as Manager of GFI - MERIDIAN INVESTMENTS, LLC, krnown or dentilk-d W + to l>e
the person where name is subsukbEd to the Y411 Tr Ord, and ackncmWdged to me that he
execLded the same.
in wk#s=s whereof, I. have hmunto set my hand and ebced my o ctal seal the day and year in this
cerffkate fiPA above wrXWn.
+ ft
iary Public fir a ate of Utah
My Commission Expis;
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