Meridian Optimist Christmas Tree Lot CZC 07-261
~E IDIAN?-
NOTE: This is not a Building
Permit. Prior to any construction
you should contact the Building
Department at (208) 887-2211 to
verify if any additional permits
and/or inspections will be required
by the Meridian Building
Department.
CERTIFICATE OF ZONING COMPLIANCE*
Date: December 4, 2007
Project Name: Meridian Optimist Christmas Tree Lot - CZC-07-261
Owner: L.H. Chetwood (Meridian Ford)
Site Address: 250 E. Overland Road
Proposed Use: Temporary Use to operate a Christmas tree lot at 250 E. Overland Road from
November 25, 2007 to December 20, 2007.
Zoning:
Comments:
Conditions of Approval:
• This temporary use is allowed from November 25, 2007 to December 20, 2007 (UDC
11-3E-4A2) .
• All structures and/or the display of merchandise shall comply with the setback
requirements of the district within which it is located (UDC 11-3E-4B1).
• Temporary structures and merchandise shall be displayed so as not to interfere with the
clear vision triangle. In no case shall items be displayed, or business conducted within the
public right-of--way, unless otherwise authorized by the Transportation Authority.
• A maximum of one (1) structure shall be allowed and may cover a maximum of seven
hundred and fifty square feet.
• The use shall not result in the construction of any permanent structures that would not
otherwise be permitted subject to the regulations of this Title (UDC 11-3E-4C2).
• Any temporary structures shall be portable and completely removed at the end of the
allowed time period (UDC 11-3E-4C3).
• The applicant shall obtain any necessary building permits (UDC 11-3E-4C4).
• One (1) caretaker unit in a trailer or recreational vehicle may be allowed on the site only
for the purpose of security and maintenance of the site (11-3E-4D 1). Furthermore, the
unit shall be completely removed at the end of the allowed time period (11-3E-4D2).
• Adequate off-street parking shall be provided to serve the use (UDC 11-3E-4E 1).
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• The use shall not displace the required off-street parking spaces or loading areas of the
principal permitted uses on the site (11-3E-4E2).
• The entrance and exit drives shall be designed to prevent traffic hazards and nuisances
(11-3E-4E3).
• All surfaces used for parking shall be constructed with paving, vegetative cover, or of a
dustless material (UDC 11-3E-4E4, 11-3E-SE and 11-3E-8E).
• All sins erected in association with the use shall be in compliance with the regulations
for suns, Chapter 3 Article D SIGN REQUIREMENTS of the Meridian City Municipal
Code (UDC 11-3E-4F~
• Compressors, fans, pumps, and other motorized equipment shall be located or shielded to
reduce noise levels to adjoining properties (11-3E-4G).
• The site shall be returned to a clean condition after the termination of the use, including
free of debris and garbage (UDC 11-3E-4H1).
• Unsold food products, trees, greens, or debris generated by the use shall be properly
disposed off the site (11-3E-4H2).
• The applicant or owner shall obtain written approval of the Meridian City Fire
Department (11-3E-SB).
• Applicant shall comply with the standards for access as determined by the Transportation
Authority (11-3E-SD and 11-3E-8D).
• Such sales are limited to a period of time not to exceed two (2) consecutive months for
pumpkin and Christmas tree sales. Christmas tree lots shall be removed by the 1st day of
January (11-3E-8C).
• The use shall comply with any guidelines, regulations and permitting process required by
any authorizing public agencies, including but not limited to, the Central District Health
Department, Transportation Authority, and Meridian City Departments. Contact Joe '
Silva, the City Fire Marshal, at 888-1234 for Fire Department standards and regulations.
• Comply with all other applicable City Code.
• This approval applies to 250 E. Overland Road.
Jenny Veatch
Assistant City Planner
*This letter does not indicate compliance with requirements of other departments/agencies, including, but not limited
to, Ada County Highway District, Central District Health Department, affected irrigation district(s), Meridian Sewer,
Water, Building or Fire Departments, Sanitary Services Co., Idaho Transportation Department, etc. This letter shall
expire one (1) year from the date of issuance if work has not begun.
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Planning Department
ADMINISTRATIVE REVIEW APPLICATION
Type of Review Requested (check all that apply)
^ Accessory Use
^ Alternative Compliance STAFF USE ONLY:
^ Certificate of Zoning Compliance File number(s): CSC , (~-~- ' 2(~j ~
^ Conditional Use Permit Minor Modification
^ Design Review
^ Private Street Project name: ' Gi. '
^ Property Boundary Adjustment ~ 2
^ Short Plat Date filed: ~ T~o`Date coinlple/tie:
Temporary Use Certificate of Zoning Compliance Assigned<Plaruier: \ K ~ v`U V ~~
Time Extension (Director)
^ Vacation Re'!a"t'ed files:
^ Other
Applicant Information
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Owner name: - r . one:
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Zip:
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architect, engineer, developer, representative):
Agent name (e.g.,
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Firm name: ~iJ, 1(X Phone:
Address: Zip:
Primary contact is. pplicant ^ Own er ^ Agent ^ Other
Contact name: d Al d OJO Phone: 2~ ty" 631 • (o ~ ~ ~
E-mail: 3) ~.~ Q ~ Fax:
Subject Property Information
Location street address• '2 ~ (~-~/
Assessor's parcel number(s)`
Township, range, sectiori: _ Total acreage:
Current land use: ~ O~M.v"UZ.v C~ Current zoning district: ~. "
660 E. Watertower Lane, Suite 202 Meridian, Idaho 83642
Phone: (208) 884-5533 Facsimile: (208) 888-6854 Website: www.meridiancity.org
1 (Rev. 9/21/06)
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Project Description
Project/subdivision name: ~1A
Genera] description of proposed project/request:
G~
Proposed zoning district(s):
Acres of each zone proposed:
Type of use proposed (check all that apply):
^ Residential ^ Commercial ^ Office ^ Industrial ,~ther
Amenities provided with this development (if applicable):
Who will own & maintain the pressurized irrigation system in this development?
Which irrigation district does this property lie within?
Primary irrigation source: 1r1-T Secondary:
Square footage of landscaped areas to be irrigated (if primary or secondary point oeconnection is Ciry water):
units:
Number of commori~and/or other lots:
Proposed number of dwelling iitrits,(fr
1 Bedroom:
Minimum square footage of structure(s) (excl.
Minimum property size (s.f):
Proposed building height: _
Average property size (s.f.):
GLOSS deriSlty (DU/acre-total land): Net densi~(.1)Z,U/acre-excluding roads & alleys):
Percentage of open space provided:' Acreage of open spa
Percentage of useable operi~space: (See Chapter 3, Article G, o ualified open space)
Type of open space provided in acres (i.e., landscaping, public, common, etc):
Type of ¢~fielling(s) proposed: ^Sfngle-family ^ Townhomes ^ Duplexes ^Multf-family
!% ~.
Non-residential Project Summary (if applicable)
Number of building lots: Other lots:
Gross floor Existing (if applicable):
Hours of operation (days and hours): Building he'
Percentage of site/project devoted to the following:
Landscaping: Building: ~ Paving:
Total number of employees: Maximum number of employees at any one time:
Number and ages of st ents/children (if applicable): capacity:
Total numbe parking spaces provided: Number of compact spaces provided:
Authorization
Print applicant name:
Applicant signature: _
U ol~
Date: l1
L~ 660 E. Watertower Lane, Suite 202 Meridian, Idaho 83642 "
Phone: (208) 884-5533 Facsimile: (208) 888-6854 Website: www.meridiancity.org
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Number of building lots:
multi-family developments only):
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Ins
avemenf Specialties of Idaho
O S A L
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P A N' C~ CONTRACT fax (Z08) 582-0853
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TA: Meridian Ford ~: PROJECT: ~ OATE: , fAgrrfi 1t, Y80b
250 E, Overland N;d. Meridian Ford Nam®: shlrlEy Cne~twood
Meridian, ID 83842 ~ 250 E. bvetiand iPhallgiAR: BBB.44D~ zdCl13
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Meridian, Idaho
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Install ADL-20Q'as Dust Control
5D,$88 It $0.054 $2,748.87
SPECIAL NOTES:
1) 'Allow ?.able c+,lre`tarrMe prli•r to opeltiing m trafPlc. '
2) Sr~uare footage above Is as measuredin tMe ~. ~ ----
~THIB PROPOSAL IB AN ESTIMATE ONLY. ALL SILLINt~81?VILL I3E BASED O'1~1' ,c~C7~'U~L
QZJANTITIE3 COMPLETED ~ MEASURED IN THE FIELD. ;
1~ All ma~rlal 8 construetlon practices are guaranteed to be'as spenlfled In Pavernerrt SpetlWltles stahd~hd•spe~lfleaf~cns. .
Those specificatlons are a part of this proposal. Pavement Speclaltles uses Ifs • practices, unless othe~wlse notetl.
x) Thls abntract ca'vets 4niy 1#te Work doted above- Ic does not include urrfoteseen problems or other wotk Items.
pavemient SpeclaltlasJs nat responsible tot damage, Costs, or lrnpact taus~ed by or m any hltl'den, or I~nknown ~it®ri1s.
atteratlans, changes, additional work, urlTonese@h Impacts, ow deVtatlons horn Pa~ltterrt•Spec-altle$ sbeciflcatlons, .
+Nhicll treates erctta tests yr Inlpact~ vNlll become an addlkional ch~lrge, due and p>Ityable,
3) Any. required sul~tade repairs, vuhlth •are dlscoveratl, vw)II pe charged at tlme and materials, pavemeVtt 8petlaltles Is
not responsible for exlstlng.'base or.deslgn problems.. '
4) Pavement Speelaltles cannot be responsible for drainage or water ponding on slopes of lesr3 th>3n 1.66 or wh®r® grade Is
dkrated by surrounding areas Patching can plug water drainage Vita bad and ran thws creatie~ pond~ng.
6) Thls is a unit price «~,gttact.. the wntract amount ~ based ion estlmated quantttles. Ac~al payment +Ilrlll be on
aetLal and final quantltles completed.
6) AD agraemen~ andlor warranties, ellher expressed or Implied, are ordy as attached In:written form. This Is a fully
interrated contract: ~
7) AB agreem®qf$ are contingent upon release of Pavement Speclaltles in rase of weather, strikes, accidents, shy matetlsl .
shortages, acts of Gad; of sltuatlons beyond Pavement Speelaltles control.
8) TMs agreement Is binding Upon heirs, assignors, and successors In Interest ~ ,
g) As' a proposal, the prloPS quoted are.good for thirty (30) days ftom'the data rWbed at the top of ttte proposal.
10).Owner Is responsible for all parmim, Iloenses,• engineering, arrhltectural fees, zone approvals, eroslon~ control and
sediment Control plans, •
11) Full paymgnk Is due and owM+~ on completlon of work. Progress payments will be made It vMork Is cal~npleted Iri
stages, Interest vlllll be charged at 1.5% per month (1896 APR.) far delayed pol,yRtltt-ts. OIIImer will relm'burse all
costs Pavement Streclaltles Irleurs collectlng moneys du®, Irlt:luding all~~ouR•tosts expert fees and a~ivme5-'Iees.__ ._ _ __ -~.-~..~
n I ~ 1 nova revla4l6tl, understand and accept Irfe she^e
PAVEMENT SPECIALTIES 'OF IDAHO ~ ddees, lerrta and eondltlorls The aescrlSeA werl[ le
hsesby authotisae nn ~o ®rrns ~Ibr60.
Keith Lewes
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BY:
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Title: ` 1~~ i r:~ ~z° ~~~+=, ~ ~ ' 77
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Date:
THIS PROPOSAL a ALL ATTAC;hINEkrB ARE 9EINC 3U81.IrRE~ BFSm ON THE UNCERSfAND1N0 THAT ALL 1MLL BE HEId FULLY GONFIOHNTIAL BY THE
CUSTGArER dJOR OINN$R, THI$ PROPOSAL AND ALL DATA REMh1NS THE PRDPERfi/ OP PA1/EMEN7 $p$CIAL'11ER OF IUAHb AND MAY NOT ~E COPIED OR GI9CL09ED.
"An Equal Opportunity Employer" '
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ADA f,',OUNTY RECORDER J. DAVID NAVARRO G
DEPUTYAK°S°v gltn u F3s pM IIIINIIIIIIIII III
RECORDED-REauEST O III IIIIIIIIIIIIIIII
Alliance Title 103086504
AMOUNT 63.00
Recording Requested By,
And After Recording, Retum To:
WELLS FARGO BANK,
NATIONAL ASSOCIATION
3033 Elder Street, 3`~ Floor
Boise, Idaho 83705
Attn: Steve Olson
DEED OF TRUST
AND ASSIGNMENT OF RENTS AND LEASES
TH1S DEED OF TRUST AND ASSIGNMENT (this "Deed of Trust") is executed as of
~2~ Zooms , 2003 by CHETWOOD PROPERTIES L.P., an Idaho limited partnership
("Gran~r"), to WELLS FARGO FINANCIAL NATIONAL BANK ('Trustee"), for the benefit of WELLS
FARGO BANK, NATIONAL ASSOCIATION ("Beneficiary").
ARTICLE I. GRANT IN TRUST
1.1 Grant. For the purposes and upon the terms and conditions in this Deed of Trust, Grantor
irrevocably grants, conveys and assigns to Trustee, in trust for the benefit of Beneficiary, with power of
sale and right of entry and possession, Grantor's interest in: (a) all real property located in Ada County,
Idaho and described on Exhibit A attached hereto and which real property is within a city or village or is
40 acres or less in size; (b) all easements, rights-of--way and rights used in connection with or as a means
of access to any portion of said real property; (c) all tenements, hereditaments and appurtenances thereof
and thereto; (d) ail right, title and interest of Grantor, now owned or hereafter acquired, in and Co any land
lying within the right-of--way of any street, open or proposed, adjoining said real property, and any and all
sidewalks, alleys and strips and gores of land adjacent to or used in connection with said real property;
(e) all buildings, improvements and landscaping now or hereafter erected or located on said real property;
(f) all development rights, govemmentai or quasi-governmental licenses, permits or approvals, zoning
rights and other similar rights or interests which relate to the development, use or operation of, or that
benefit or are appurtenant to, said real property; (g) all mineral rights, oil and gas rights, air rights, water
or water rights, including without limitation, all wells, canals, ditches and reservoirs of any nature and all
rights thereto, appurtenant to or associated with said real property, whether decreed or undecreed,
tributary ornon-tributary, surface or underground, appropriated or unappropriated, and all shares of stock
in any water, canal, ditch or reservoir company, and all well permits, water service contracts, drainage
rights and other evidences of any such rights; and (h) all interest or estate which Grantor now has or may
hereafter acquire in said real property and all additions and accretions thereto, and all awards or
payments made for the taking of all or any portion of said real property by eminent domain or any
proceeding or purchase in Ileu thereof, or any damage to any portion of said real property (collectively,
the "Subject Property"). The listing of specific rights or property shall not be interpreted as a limitation of
general terms.
1.2 Address. The address of the Subject Property (if known) is: 250 East Overland Road,
Meridian, Idaho 63642. Neither the failure to designate an address nor any inaccuracy in the address
designated shall affect the validity or priority of the lien of this Deed of Trust on the Subject Property as
described on Exhibit A. In the event of any conflict between the provisions of Exhibit A and said address,
Exhibft A shall control.
ARTICLE II. OBLIGATIONS SECURED
2.1 Obligations Secured. Grantor makes this grant and assignment for the purpose of
securing the following obligations (each, a "Secured Obligation" and collectively, the "Secured
Obligations"):
(a) payment to Beneficiary of all sums at any time owing and performance of all other
ob/~ligations arising under or in connection with that certain promissory note ("Note") dated as of
Z~0 , in the maximum principal amount of Three Million Flve Hundred Twenty-Five
Thous nd And No/100 Dollars ($3,525,000.00), with Interest as provided therein, executed by Grantor
and payable to Beneficiary or its order, together with the payment and performance of any other
indebtedness or obligations incurred in connection with the credit accommodation evidenced by the Note,
whether or not specifically referenced therein;
(b) payment and performance of all obligations of Grantor under this Deed of Trust, together
with all advances, payments or other expenditures made by Beneficiary or Trustee as or for the payment
or performance of any such obligations of Grantor,
(c) payment and performance of all obligations, if any, and the contracts under which they
arise, which any rider attached to and recorded with this Deed of Trust recites are secured hereby;
(d) payment and performance of all future advances and other obligations that the then
record owner of the Subject Property may agree to pay and/or perform (whether as principal, surety or
guarantor) for the benefit of Beneficiary, when any such advance or other obligation is evidenced by a
writing which recites that it is secured by this Deed of Trust; and
(e) all modifications, extensions and renewals of any of the Secured Obligations (including
without limitation, (i) modifications, extensions or renewals at a different rate of interest, or (ii) deferrals or
accelerations of the required principal payment dates or interest payment dates or both, in whole or in
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part), however evidenced, whether or not any such modfication, extension or renewal is evidenced by a
new or additional promissory note or notes.
2.2 Obligations. The term "obligations" is used herein in its most comprehensive sense and
includes any end all advances, debts, obligations and liabilities heretofore, now or hereafter made,
incurred or created, whether voluntary or involuntary and however arising, whether due or not due,
absolute or contingent, liquidated or unliquidated, determined or undetermined, joint or several, including
without limitation, all principal, interest, charges, including prepayment charges and late charges, and
loan fees at any time accruing or assessed on any Secured Obligation.
2.3 Incorporation. All terms of the Secured Obligations are incorporated herein by this
reference. All persons who may have or acquire an interest in the Subject Property are hereby deemed
to have notice of the terms of the Secured Obligations and to have notice, if provided therein, that: (a) the
Note or any other Secured Obligation may permit borrowing, repayment and reborrowing; and (b) the rate
of interest on one or more of the Secured Obligations may vary from time to time.
ARTICLE III. ASSIGNMENT OF RENTS
3.1 Assignment. For the purposes and upon the terms and conditions set forth herein,
Grantor irrevocably assigns to Beneficiary all of Grantor's right, title and interest in, to and under all
leases, licenses, rental agreements and other agreements of any kind relating to the use or occupancy of
any of the Subject Property, whether existing as of the date hereof or at any time hereafter entered into,
together with all guarantees of and security for any tenant's or lessee's performance thereunder, and all
amendments, extensions, renewals and modifications thereto (each, a "Lease" and collectively, the
"Leases"), together with any and all other rents, issues and profits of the Subject Property (collectively,
"Rents"). This assignment shall not impose upon Beneficiary any duty to produce Rents from the Subject
Property, nor cause Benefciary to be: (a) a "mortgagee in possession" for any purpose; (b) responsible
for performing any of the obligations of the lessor or landlord under any Lease; or (c) responsible for any
waste committed by any person or entity at any time in possession of the Subject Property or any part
thereof, or for any dangerous or defective condition of the Subject Property, or for any negligence in the
management, upkeep, repair or control of the SubJect Property. This is an absolute assignment, not an
assignment for security only, and Beneficiary's right to Rents is not contingent upon and may be
exercised without taking possession of the Subject Property. Grantor agrees to execute and deliver to
Beneficiary, within five (5}days of Beneficiary's written request, such additwnal documents as Beneficiary
or Trustee may reasonably request to further evidence the assignment to Beneficiary of any and all
Leases and Rents. Beneficiary or Trustee, at Beneficiary's option and without notice, may notify any
lessee or tenant of this assignment of the Leases and Rents.
3.2 Protection of Security. To protect the security of this assignment, Grantor agrees:
(a) At Grantor's sole cost and expense: (i) to perform each obligation to be performed by the
lessor or landlord under each Lease and to enforce or secure the performance of each obligation to be
performed by the lessee or tenant under each Lease; (il) not to modify any Lease in any material respect,
nor accept surrender under or terminate the term of any Lease; (iii) not to anticipate the Rents under any
Lease; and (iv) not to waive or release any lessee or tenant of or from any Lease obligations. Grantor
assigns to Beneficiary all of Grantor's right and power to modify the terms of any Lease, to accept a
surrender under or terminate the term of or anticipate the Rents under any Lease, and to waive or release
any lessee or tenant of or from any Lease obligations, and any attempt on the part of Grantor to exercise
any such rights or powers without Beneficiary's prior written consent shall be a breach of the terms
hereof.
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(b) At Grantor's sole cost and expense, to defend any action in any manner connected with
any Lease or the obligations thereunder, and to pay all costs of Beneficiary or Trustee, including
reasonable attorneys' fees, in any such action in which Beneficiary or Trustee may appear.
(c) That, should Grantor fail to do any act required to be done by Grantor under a Lease,
then Beneficiary or Trustee, but without obligation to do so and without notice to Grantor and without
releasing Grantor from any obligation hereunder, may make or do the same in such manner and to such
extent as Beneficiary or Trustee deems necessary to protect the security hereof, and, in exercising such
powers, Beneficiary or Trustee may employ attomeys and ocher agents, and Grantor shall pay necessary
costs and reasonable attorneys' fees incurred by Beneficiary or Trustee, or their agents, in the exercise of
the powers granted herein. Grantor shall glue prompt notice to Beneficiary of any default by any lessee
or tenant under any Lease, and of any notice of default on the part of Grantor under any Lease received
from a lessee or tenant thereunder, together with an accurate and complete copy thereof.
(d) 7o pay to Beneficiary immediately upon demand all sums expended under the authority
hereof, including reasonable attorneys' fees, together with interest thereon at the highest rate per annum
payable under any Secured Obligation, and the same, at Beneficiary's option, may be added to any
Secured Obligation and shall be secured hereby.
3.3 License. Beneficiary confers upon Grantor a license ("License") to collect and retain the
Rents as, but not before, they come due and payable, until the occurrence of any Default. Upon the
occurrence of any Default, the License shall be automatically revoked, and Beneficiary or Trustee may, at
Beneficiary's option and without notice, either in person or by agent, with or without bringing any action, or
by a receiver to be appointed by a court: (a) enter, take possession of, manage and operate the Subject
Property or any part thereof; (b) make, cancel, enforce or modify any Lease; (c) obtain and evict tenants,
fix or modify Rents, and do any acts which Beneficiary or Trustee deems proper to protect the security
hereof; and (d) either with or without taking possession of the Subject Property, in its own name, sue for
or otherwise collect and receive all Rents, including those past due and unpaid, and apply the same in
accordance with the provisions of this Deed of Trust. The entering and taking possession of the Subject
Property, the collection of Rents and the application thereof as aforesaid, shall not cure or waive any
Default, nor waive, modify or affect any notice of default hereunder, nor invalidate any act done pursuant
to any such notice. The License shall not grant to Beneficiary or Trustee the right to possession, except
as provided in this Deed of Trust.
ARTICLE IV. RIGHTS AND DUTIES OF THE PARTIES
4.1 Title. Grantor warrants that, except as disclosed to Beneficiary prior to the date hereof in
a writing which refers to this warranty, Grantor lawfully possesses and holds fee simple title to, or if
permitted by Beneficiary in writing, a leasehold interest in, the Subject Property without limitation on the
right to encumber, as herein provided, and that this Deed of Trust is a valid lien on the Subject Property
and all of Grantor's interest therein.
4.2 Taxes and Assessments. Subject to the right, if any, of Grantor to contest payment of the
following pursuant to any other agreement between Grantor and Beneficiary, Grantor shall pay prior to
delinquency all taxes, assessments, levies and charges imposed: (a) by any public orquasi-public
authority or utility company which are or which may become a lien upon or cause a loss in value of the
Subject Property or any interest therein; or (b) by any public authority upon Beneficiary by reason of its
interest in any Secured Obligation or in the Subject Property, or by reason of any payment made to
Beneficiary pursuant to any Secured Obligation; provided however, that Grantor shall have no obligation
to pay any income taxes of Beneficiary. Promptly upon request by Beneficiary, Grantor shall furnish to
Beneficiary satisfactory evidence of the payment of all of the foregoing. Beneficiary is hereby authorized
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to request and receive from the responsible govemmental and non-governmental personnel written
statements with respect to the accrual and payment of any of the foregoing.
4.3 Performance of Secured Obligations. Grantor shall promptly pay and perform each
Secured Obligation when due.
4.4 Liens. Encumbrances and Charges. Grantor shall immediately discharge any lien on the
Subject Property not approved by Beneficiary in writing. Except as otherwise provided in any Secured
Obligation or other agreement with Beneficiary, Grantor shall pay when due all obligations secured by or
reducible to liens and encumbrances which shall now or hereafter encumber the Subject Property,
whether senior or subordinate hereto, including without limitation, any mechanics' liens.
4.5 Insurance. Grantor shall insure the Subject Property against loss or damage by fire and
such other risks as Beneficiary shall from time to time require. Grantor shall carry public liability
insurance, flood insurance as required by applicable law and such other insurance as Beneficiary may
reasonably require, including without limitation, business interruption insurance or loss of rental value
insurance. Grantor shall maintain all required insurance at Grantor's expense, under policies issued by
companies and in form and substance satisfactory to Beneficiary. Neither Beneficiary nor Trustee, by
reason of accepting, rejecting, approving or obtaining insurance, shall incur any liability for: (a) the
existence, nonexistence, form or legal sufficiency thereof; (b) the solvency of any insurer; or (c) the
payment of losses. All policies and certificates of insurance shall name Beneficiary as loss payee, and
shall provide that the insurance cannot be terminated as to Beneficiary except upon a minimum of ten
(10) days' prior written notice to Beneficiary. Immediately upon any request by Beneficiary, Grantor shall
deliver to Beneficiary the original of all such policies or certificates, with receipts evidencing annual
prepayment of the premiums.
4.6 Tax and Insurance Irnaounds. At Beneficiary's option and upon its demand, Grantor
shall, until all Secured Obligations have been paid in full, pay to Beneficiary monthly, annually or as
otherwise directed by Beneficiary an amount estimated by Beneficiary to be equal to: (a) all taxes,
assessments, levies and charges imposed by any public orquasi-public authority or utility company which
are or may become a lien upon the Subject Property and will became due for the tax year during which
such payment is so directed; and (b) premiums for fire, other hazard and mortgage insurance next due. If
Beneficiary determines that amounts paid by Grantor are insufficient for the payment in full of such taxes,
assessments, levies and/or insurance premiums, Beneficiary shall notify Grantor of the increased amount
required for the payment thereof when due, and Grantor shall pay to Beneficiary such additional amount
within thirty (30) days after notice from Beneficiary. All amounts so paid shall not bear interest, except io
the extent and in the amount required by law. So long as there Is no Default, Beneficiary shall apply said
amounts to the payment of, or at Beneficiary's sole option release said funds to Grantor for application to
and payment of, such taxes, assessments, levies, charges and insurance premiums. If a Default exists,
Beneficiary at its sole option may apply all or any part of said amounts to any Secured Obligation and/or
to cure such Default, in which event Grantor shall be required to restore all amounts so applied, as well
as to cure any Default not cured by such application. Grantor hereby grants and transfers to Beneficiary
a security interest in all amounts so paid and held in Beneficiary's possession, and all proceeds thereof,
to secure the payment and performance of each Secured Obligation. Upon assignment of this Deed of
Trust, Beneficiary shall have the right to assign all amounts collected and in its possession to its
assignee, whereupon Beneficiary and Trustee shall be released from all liability with respect thereto. The
existence of said impounds shall not limit Beneficiary's rights under any other provision of this Deed of
Trust or any other agreement, statute or rule of law. Within ninety-five (95) days following full repayment
of all Secured Obligations (other than as a consequence of a foreclosure or conveyance in lieu of
foreclosure of the liens and security interests securing any Secured Obligation), or at such earlier time as
Beneficiary in its discretion may elect, the balance of all amounts collected and in Beneficiary's
possession shall be paid to Grantor, and no other party shall have any right of claim thereto.
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4.7 Damaoes• Insurance and Condemnation Proceeds.
(a) (i) All awards of damages and all other compensation payable directly or indirectly by
reason of a condemnation or proposed condemnation (or transfer in Ileu thereof) for public or private use
affecting the Subject Property; (ii) all other claims and awards for damages to or decrease in value of the
Subject Property; (iii) all proceeds of any insurance policies payable by reason of loss sustained to the
Subject Property; and (iv) all interest which may accrue on any of the foregoing, are all absolutely and
irrevocably assigned to and shall be paid to Beneficiary. At the absolute discretion of Beneficiary,
whether or not its security is or may be impaired, but subject to applicable law if any, and without regard
to any requirement contained in any other Section hereof, Beneficiary may apply all or any of the
proceeds it receives to its expenses in settling, prosecuting or defending any such claim and apply the
balance to the Secured Obligations in any order, and release all or any part of the proceeds to Grantor
upon any conditions Beneficiary may Impose. Beneficiary may commence, appear (n, defend or
prosecute any asstgned claim or action, and may adjust, compromise, settle and collect all claims and
awards assigned to Beneficiary; provided however, that in no event shall Beneficiary be responsible for
any failure to collect any claim or award, regardless of the cause of the failure.
(b) At its sole option, Beneficiary may permit insurance or condemnation proceeds held by
Beneficiary to be used for repair or restoration but may impose any conditions on such use as Beneficiary
deems necessary.
4.8 Maintenance and Preservation of Subiect Proaertv. Subject to the provisions of any
Secured Obligation, Grantor covenants:
(a) to keep the Subject Property in good condition and repair;
(b) except with Beneficiary's prior written consent, not to remove or demolish the Subject
Property, nor alter, restore or add to the Subject Property, nor initiate or acquiesce in any change in any
zoning or other land classification which affects the Subject Properly;
(c) to restore promptly and in good workmanlike manner any portion of the Subject Property
which may be damaged or destroyed, unless Beneficiary requires that all of the insurance proceeds be
used to reduce the Secured Obligations as provided in the Section hereof entitled Damacaes; Insurance
and Condemnation Proceeds;
(d) to comply with and not to suffer violation of any or all of the following which govern acts
or conditions on, or otherwise affect the Subject Property: (i) laws, ordinances, regulations, standards
and judicial and administrative rules and orders; (ii) covenants, conditions, restrictions and equitable
servitudes, whether public or private; and (iii) requirements of insurance companies and any bureau or
agency which establishes standards of insurability;
(e) not to commit or permit waste of the Subject Property; and
(f) to do all other acts which from the character or use of the Subject Property may be
reasonably necessary to maintain and preserve its value.
4.9 Hazardous Substances: Environmental Provisions. Grantor represents and warrants to
Beneficiary as follows:
(a) Except as disclosed to Beneficiary in writing prior to the date hereof, the Subject Property
is not and has not been a site for the use, generation, manufacture, storage, treatment, disposal, release
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or threatened release, transportation or presence of any substances which are "hazardous substances,"
"hazardous wastes," "hazardous materials" or "toxic substances" under the Hazardous Materials Laws, as
defined below, and/or other applicable environmental laws, ordinances and regulations (collectively, the
"Hazardous Materials").
(b) The Subject Property is in compliance with all laws, ordinances and regulations relating
to Hazardous Materials (collectively, the "Hazardous Materials Laws"), Including without limitation, the
Clean Air Act. the Federal Water Pollution Control Act, the Federal Resource Conservation and Recovery
Act of 1976, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the
Superfund Amendments and Reauthorizafion Act of 1986, the Federal Toxic Substances Control Act and
the Occupational Safety and Health Act, as any of the same may be amended, modified or supplemented
from time to time, and any other applicable federal, state or local environmental laws, and any rules or
regulations adopted pursuant to any of the foregoing.
(c) There are no claims or actions pending or threatened against Grantor or the Subject
Property by any governmental entity or agency, or any other person or entity, relating to any Hazardous
Materials or pursuant to any Hazardous Materials Laws.
(d) Grantor hereby agrees to defend, indemnify and hold harmless Beneficiary, its directors,
officers, employees. agents, successors and assigns, from and against any and all losses, damages,
liabilities, claims, actions, judgments, court costs and legal or other expenses (including without limitation,
attorneys' fees and expenses) which Beneficiary may incur as a direct or indirect consequence of the use,
generation, manufacture, storage, treatment, disposal, release or threatened release, transportation or
presence of Hazardous Materials in, on, under or about the Subject Property. Grantor shall pay to
Beneficiary immediately upon demand any amounts owing under this indemnity, together with interest
from the date of demand until paid in full at the highest rate of interest applicable to any Secured
Obligation. GRANTOR'S DUTY AND OBLIGATION TO DEFEND, INDEMNIFY AND HOLD HARMLESS
BENEFICIARY SHALL SURVIVE THE CANCELLATION OF THE SECURED OBLIGATIONS AND THE
RELEASE, RECONVEYANCE OR PARTIAL RECONVEYANCE OF THIS DEED OF TRUST.
(e) Grantor shall immediately advise Beneficiary in writing upon Grantor's discovery of any
occurrence or condition on the Subject Property or on any real property adjoining or in the vicinity of the
Subject Property that does or could cause all or any part of the Subject Property to be contaminated with
any Hazardous Materials or otherwise be in violation of any Hazardous Materials Laws, or cause the
Subject Property to be subject to any restrict'wns on the ownership, occupancy, transferability or use
thereof under any Hazardous Materials Laws.
4.10 Protection of Security. Grantor shall, at Grantor's sole expense: (a) protect, preserve
and defend the Subject Property and Grantor's title and right to possession of the Subject Property
against all adverse claims; (b) if Grantor's interest in the Subject Property is a leasehold interest or estate,
pay and pertorm in a timely manner all obligations to be paid andlor performed by the lessee or tenant
under the lease or other agreement creating such leasehold interest or estate; and (c) protect, preserve
and defend the security of this Deed of Trust and the rights and powers of Beneficiary and Trustee under
this Deed of Trust against all adverse claims. Grantor shall give Beneficiary and Trustee prompt notice in
writing of the assertion of any claim, the filing of any action or proceeding, or the occurrence of any
damage, condemnation offer or other action relating to or affecting the Subject Property and, if Grantor's
interest in the Subject Property is a leasehold interest or estate, of any notice of default or demand for
performance under the lease or other agreement pursuant to which such leasehold interest or estate was
created or exists.
4.11 Acceatance of Trust: Powers and Duties of Trustee. Trustee accepts this trust when this
Deed of Trust is executed. From time to time, upon written request of Beneficiary and, to the extent
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required by applicable law presentation of this Deed of Trust for endorsement, and without affecting the
personal liability of any person for payment of any indebtedness or performance of any of the Secured
Obligations, Beneficiary, or Trustee at Beneficiary's direction, may, without obligation to do so or liability
therefor and without notice: (a) reconvey all or any part of the Subject Property from the lien of this Deed
of Trust; (b) consent to the making of any map or plat of the Subject Property; and (c) join in any grant of
easement or declaration of covenants and restrictions with respect to the Subject Property, or any
extension agreement or any agreement subordinating the lien or charge of this Deed of Trust. Trustee or
Beneficiary may from time to time apply to any court of competent jurisdiction for aid and direction in the
execution of the trusts and the enforcement of its rights and remedies available under this Deed of Trust,
and may obtain orders or decrees directing, confirming or approving acts in the execution of said trusts
and the enforcement of said rights and remedies. Trustee has no obligation to notify any party of any
pending sale or any action or proceeding (including, but not limited to, actions in which Grantor,
Beneficiary or Trustee shall be a party) unless held or commenced and maintained by Trustee under this
Deed of Trust. Trustee shall not be obligated to perform any act required of it under this Deed of Trust
unless the pertormance of the act is requested in writing and Trustee is reasonably indemnified against all
losses, costs, liabilities and expenses in connection therewith. .
4.12 Comoensation: Exculoation• Indemnification.
(a) Grantor shall pay all Trustee's fees and reimburse Trustee for all expenses in the
administration of this trust, including reasonable attorneys' fees. Grantor shall pay Beneficiary reasonable
compensation for services rendered concerning this Deed of Trust, Including without limitation, the
providing of any statement of amounts owing under any Secured Obligation. Beneficiary shall not directly
or indirectly be liable to Grantor or any other person as a consequence of: (i) the exercise of any rights,
remedies or powers granted to Beneficiary in this Deed of Trust; (li) the failure or refusal of Beneficiary to
perform or discharge any obligation or liability of Grantor under this Deed of Trust or any Lease or other
agreement related to the Subject Property; or (iii) any loss sustained by Grantor or any third party as a
result of Beneficiary's failure to lease the Subject Property after any Default or from any other act or
omission of Beneflcfary in managing the Subject Property after any Default unless such loss is caused by
the willful misconduct or gross negligence of Beneficiary; and no such liability shall be asserted or
enforced against Beneficiary, and all such liability is hereby expressly waived and released by Grantor.
(b) Grantor shall indemnify Trustee and Beneficiary against, and hold them harmless from,
any and all losses, damages, liabilities, claims, causes of action, Judgments, court costs, attorneys' fees
and other legal expenses, costs of evidence of title, costs of evidence of value, and other expenses which
either may suffer or incur: (i) by reason of this Deed of Trust; (ii) by reason of the execution of this trust or
the performance of any act required or permitted hereunder or by law; (iii) as a result of any failure of
Grantor to pertorm Grantor's obligations; or (iv) by reason of any alleged obligation or undertaking of
Beneficiary to pertorm or discharge any of the representations, warranties, conditions, covenants or other
obligations contained in any other document related to the Subject Property, including without limitation,
the payment of any taxes; assessments, rents or other lease obligations, (lens, encumbrances or other
obligations of Grantor under this Deed of Trust. Grantor's duty to indemnify Trustee and Beneficiary shall
survive the payment, discharge or cancellation of the Secured Obligations and the release or
reconveyance, in whole or in part, of this Deed of Trust.
(c) Grantor shall pay all indebtedness arising under this Section immediately upon demand
by Trustee or Beneficiary, together with interest thereon from the date of demand until paid in full at the
highest rate per annum payable under any Secured Obligation. Beneficiary may, at Its option, add any
such indebtedness to any Secured Obligation.
4.13 Substitution of Trustees. From time to time, by a writing signed and acknowledged by
Beneficiary and recorded in each Office in which this Deed of Trust is recorded, Beneflcfary may appoint
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another trustee to act in the place and stead of Trustee or any successor. Such writing shall set forth the
recordation date and any recording or other information required by law. The recordation of such
instrument of substitution shall discharge Trustee herein named and shall appoint the new trustee as the
trustee hereunder with the same effect as if originally named Trustee herein. A writing recorded pursuant
to the provisions of this Section shall be conclusive proof of the proper substitution of such new Trustee.
4.14 Due on Safe or Encumbrance. Except as permitted by the provisions of any Secured
Obligation or applicable law, if the Subject Property or any interest therein shah be sold, transferred
(including without limitation, where applicable, through sale or transfer of a majority or controlling interest
of the corporate stock, or any general partnership, limited liability company or other similar interests, of
Grantor), mortgaged, assigned, encumbered or leased, whether voluntarily, involuntarily or by operation
of law (each of which actions and events is called a "Transfer"), without Beneficiary's prior written
consent, THEN Beneficiary may, at its sole option, declare all Secured Obligations immediately due and
payable in full. Grantor shall notify Beneficiary in writing of each Transfer within ten (10) business days of
the date thereof.
4.15 Releases. Extensions. Modifications and Additional Security. Without notice to or the
consent, approval or agreement of any persons or entities having any interest at any time in the Subject
Property or in any manner obligated under any Secured Obligation (each, an "Interested Party"),
Beneficiary may, from time to time, release any Interested Parly from liability for the payment of any
Secured Obligation, take any action or make any agreement extending the maturity or otherwise altering
the terms or increasing the amount of any Secured Obligation, accept additional security, and enforce,
waive, subordinate or release all or a portion of the Subject Property or any other security for any
Secured Obligation. None of the foregoing actions shall release or reduce the personal liability of any
Interested Party, nor release or impair the priority of the lien of this Deed of Trust upon the Subject
Property.
4.16 Reconvevance. Upon Beneficiary's written request, and solely to the extent required by
applicable law upon surrender of this Deed of Trust and every note or other instrument setting forth any
Secured Obligations to Trustee for cancellation, Trustee shall reconvey, without warranty, the Subject
Property, or that portion thereof then covered hereby, from the lien of this Deed of Trust. The recitals of
any matters or facts In any reconveyance executed hereunder shall be conclusive proof of the truthful-
ness thereof. To the extent permitted by law, the reconveyance may describe the grantee as "the person
or persons legally entitled thereto." Neither Beneficiary nor Trustee shall have any duty to determine the
rights of persons claiming to be rightful grantees of any reconveyance. When the Subject Property has
been fully reconveyed, the last such reconveyance shall operate as a reassignment of all future Rents to
the person or persons legally entitled thereto. Upon Beneficiary's demand, Grantor shall pay all costs and
expenses incurred by Beneficiary in connection with any reconveyance.
4.17 Subrogation. Beneficiary shall be subrogated to the lien of all encumbrances, whether or
not released of record, paid in whole or in part by Beneficiary pursuant to this Deed of Trust or by the
proceeds of any Secured Obligation.
4.18 Grantor Different Frorn Oblioor ("Third Party Grantor"). As used in this Section, the term
"Obligor" shall mean each person or entity obligated in any manner under any of the Secured Obligations;
and the term "Third Party Grantor" shall mean (1) each person or entity included in the definition of
Grantor herein and which is not an Obligor under all of the Secured Obligations, and (2) each person or
entity included in the definition of Grantor herein if any Obligor is not included in said definition.
(a) Representations and Warranties. Each Third Party Grantor represents and warrants to
Beneficiary that: (i) this Deed of Trust is executed at an Obligor's request; (ii) this Deed of Trust complies
with all agreements between each Third Party Grantor and any Obligor regarding such Third. Parry
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Grantor's execution hereof; (iii) Beneficiary has made no representation to any Third Party Grantor as to
the creditworthiness of any Obligor; and (iv) each Third Party Grantor has established adequate means of
obtaining from each Obligor on a continuing basis financial and other information pertaining to such
Obligor's financial condition. Each Third Party Grantor agrees to keep adequately informed from such
means of any facts, events or circumstances which might in any way affect such Third Party Grantor's
risks hereunder. Each Third Party Grantor further agrees that Beneficiary shall have no obligation to
disclose to any Third Party Grantor any information or material about any Obligor which is acquired by
Beneficiary in any manner. The liability of each Third Party Grantor hereunder shall be reinstated and
revived, and the rights of Beneficiary shall continue if and to the extent that for any reason any amount at
any time paid on account of any Secured Obligation is rescinded or must otherwise be restored by
Beneficiary, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, all as
though such amount had not been paid. The determination as to whether any amount so paid must be
rescinded or restored shall be made by Beneficiary in its sole discretion; provided however, that if
Beneficiary chooses to contest any such matter at the request of any Third Party Grantor, each Third
Party Grantor agrees to indemnify and hold Beneficiary harmless from and against all costs and
expenses, including reasonable attorneys' fees, expended or incurred by Beneficiary in connection
therewith, including without limitation,ln any litigation with respect thereto.
(b) Waivers.
(i) Each Third Party Grantor waives any right to require Beneficiary to: (A) proceed against
any Obligor or any other person; (B) marshal assets or proceed against or exhaust any security held from
any Obligor or any other person; (C) give notice of the terms, time and place of any public or private sale
or other disposit(on of personal property security held from any Obligor or any other person; (D) take any
action or pursue any other remedy in Beneficiary's power; or (E) make any presentment or demand for
performance, or give any notice of nonperformance, protest, notice of protest or notice of dishonor
hereunder or in connection with any obligations or evidences of indebtedness held by Beneficiary as
security for or which constitute in whole or in part the Secured Obligations, or in connection with the
creation of new or additional obligations.
(il) Each Third Party Grantor waives any defense to its obligations hereunder based upon or
arising by reason of: (A) any disability or other defense of any Obligor or any other person; (B) the
cessation or limitation from any cause whatsoever, other than payment in full, of any Secured Obligation;
(C) any lack of authority of any officer, director, partner, agent or any other person acting or purporting to
act on behalf of any Obligor which is a corporation, partnership or other type of entity, or any defect in the
formation of any such Obligor, (D) the application by any Obligor of the proceeds of any Secured
Obligation for purposes other than the purposes represented by any Obligor to, or intended or understood
by, Beneficiary or any Third Party Grantor; (E) any actor omission by Beneficiary which directly or
indirectly results In or aids the discharge of any Obligor or any portion of any Secured Obligation by
operation of law or otherwise, or which in any way impairs or suspends any rights or remedies of
Beneficiary against any Obligor; (F) any impairment of the value of any interest in any security for the
Secured Obligations or any portion thereof, including without limitation, the failure to obtain or maintain
perfection or recordation of any interest in any such security, the release of any such security without
substitution, and/or the failure to preserve the value of, or to comply with applicable law in disposing of,
any such security; (G) any modification of any Secured Obligation, in any form whatsoever, including
without limitation the renewal, extension, acceleration or other change In t(me for payment of, or other
change in the terms of, any Secured Obligation or any portion thereof, Including increase or decrease of
the rate of interest thereon; or (H) any requirement that Beneficiary give any notice of acceptance of this
Deed of Trust. Until all Secured Obligations shall have been paid in full, no Third Party Grantor shall
have any right of subrogation, and each Third Party Grantor waives any right to enforce any remedy
which BenefiGary now has or may hereafter have against any Obligor or any other person, and waives
any benefit of, or any right to participate in, any security now or hereafter held by Beneficiary. Each Third
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Party Grantor further waives all rights and defenses it may have arising out of: (1) any election of
remedies by Beneficiary, even though that election of remedies, such as a non judicial foreclosure with
respect to any security for any portion of the Secured Obligations, destroys such Third Party Grantor's
rights of subrogation or such Third Party Grantor's rights to proceed against any Obligor for
reimbursement; or (2) any loss of rights any Third Party Grantor may suffer by reason of any rights,
powers or remedies of any Obligor in connection with any anti-defiaency laws or any other laws limiting,
qualifying or discharging any Obligor's obligations, whether by operation of taw or otherwise, including
any rights any Third Party Grantor may have to a fair market value hearing to determine the size of a
deficiency following any trustee's foreclosure sale or other disposition of any security for any portion of the
Secured Obligations.
(iii) If any of said waivers is determined to be contrary to any applicable law or public policy,
such waiver shall be effective to the extent permitted by applicable law or public policy-
ARTICLE V. DEFAULT PROVISIONS
5.1 De ault. The occurrence of any of the following shall constitute a "Default" under this
Deed of Trust: (a) Grantor shall fail to observe or perform any obligation or agreement contained herein;
(b) any representation or warranty of Grantor herein shall prove to be incorrect, false or misleading in any
material respect when made; or (c) any default in the payment or performance of any obligation, or any
defined event of default, under any provisions of the Note or any other contract, instrument or document
executed in connection with, or with respect to, any Secured Obligation.
5.2 Rights and Remedies. Upon the occurrence of any Default, and at any time thereafter,
Beneficiary and Trustee shall have all the following rights and remedies:
(a) With or without notice, to declare all Secured Obligations immediately due and payable in
full.
(b) With or without notice, without releasing Grantor from any Secured Obligation and
without becoming a mortgagee in possession, to cure any Default of Grantor and, in connection therewith:
(i) to enter upon the Subject Property and to do such acts and things as Beneficiary or Trustee deems
necessary or desirable to protect the security of this Deed of Trust, including without limitation, to appear
in and defend any action or proceeding purporting to affect the security of this Deed of Trust or the rights
or powers of Beneficiary or Trustee hereunder; (ii) to pay, purchase, contest or compromise any
encumbrance, charge, lien or claim of Ilen which, in the judgment of either Beneficiary or Trustee, is
senior in priority to this Deed of Trust, the judgment of Beneficiary or Trustee being conclusive as
between the parties hereto; (iii) to obtain, and to pay any premiums or charges with respect to, any
insurance required to be carried hereunder; and (iv) to employ counsel, accountants, contractors and
other appropriate persons to assist them.
(c) To commence and maintain an action or actions in any court of competent jurisdiction to
foreclose this Deed of Trust as a mortgage or to obtain specific enforcement of the covenants of Grantor
under this Deed of Trust, and Grantor agrees that such covenants shall be specifically enforceable by
injunction or any other appropriate equitable remedy. For the purposes of any suit brought under this
subsection, Grantor waives the defenses of laches and any applicable statute of limitations.
(d) To apply to a court of competent jurisdiction for and obtain appointment of a receiver of
the Subject Property as a matter of strict right and without regard to: (i) the adequacy of the security for
the repayment of the Secured Obligations; (il) the existence of a declaration that the Secured Obligations
11
are immediately due and payable; or (iii) the filing of a notice of default, and Grantor consents to such
appointment.
(e) To take and possess all documents, books, records, papers and accounts of Grantor or
the then owner of the Subject Property; to make or modify Leases of, and other agreements with respect
to, the Subject Property upon such terms and conditions as Beneficiary deems proper; and to make
repairs, alterations and improvements to the SubJect Property deemed necessary, in Trustee's or
Beneficiary's judgment, to protect or enhance the security hereof.
(f) To execute or cause Trustee to execute a written notice of such Default and of its
election to cause the Subject Property to be sold to satisfy the Secured Obligations. Trustee shall give
and record such notice as the law then requires as a condition precedent to a trustee's sale. When the
minimum period of time required by law after such notice has elapsed, Trustee, without notice to or
demand upon Grantor, except as otherwise required by law, shall sell the Subject Property at the time
and place of sale fixed by it in the notice of sale, at one or several sales, either as a whole or in separate
parcels and In such manner and order, all as directed by Beneficiary in Its sole discretion, at public
auction to the highest bidder for cash, in lawful money of the United States, payable at the time of sale.
Except as required by law, neither Grantor nor any other person or entity shall have the right to direct the
order in which the Subject Property is sold. Subject to requirements and limits imposed bylaw, Trustee
may postpone any sale of the Subject Property by public announcement at such time and place of sale,
and from time to time may postpone such sale by public announcement at the time and place fixed by the
preceding postponement. Trustee shall deliver to the purchaser at such sale a deed conveying the
Subject Property or portion thereof so sold, but without any covenant or warranty, express or implied.
The recitals In said deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any
person, including Trustee, Grantor or Beneflclary, may purchase at such sale.
(g) To resort to and realize upon the security hereunder and any other security now or later
held by Beneficiary concurrently or successively and in one or several consolidated or independent
judicial actions or lawfully taken non-judicial proceedings, or both, and to apply the proceeds received in
accordance with the Section hereof entitled Aaolication of ForeGosure Sale Proceeds, all in such order
and manner as Beneficiary shall determine 1n its sole discretion.
(h) Upon sale of the Subject Property at any judicial or non judicial foreclosure, Beneflclary
may credit bid (as determined by Beneficiary in its sale discretion) all or any portion of the Secured
Obligations. In determining such credit bid, Beneficiary may, but is not obligated to, take into account all
or any of the following: (i) appraisals of the SubJect Property as such appraisals may be discounted or
adjusted by Beneficiary in its sole underwriting discretion; (ii) expenses and costs Incurred by Beneficiary
with respect to the Subject Property prior to foreclosure; (iii) expenses and costs which Beneficiary
anticipates will be incurred with respect to the SubJect Property after foreclosure, but prior to resale,
including without limitation, costs of structural reports and other due diligence, costs to carry the Subject
Property prior to resale, costs of resale (e.g., commissions, attorneys' fees, and taxes), Hazardous
Materials clean-up and monitoring, deferred maintenance, repair, refurbishment and retrofit, and costs of
defending or settling litigation affecting the Subject Property; (iv) declining trends in real property values
generally and with respect to properties similar to the Subject Property; (v) anticipated discounts upon
resale of the Subject Property as a distressed or foreclosed property; (vi) the existence of additional
collateral, If any, for the Secured Obligations; and (vii) such other factors or matters that Beneficiary
deems appropriate. Grantor acknowledges and agrees that: (A) Beneficiary is not required to use any or
all of the foregoing factors to determine the amount of its credit bid; (B) this Section does not impose
upon Beneficiary any additional obligations that are not Imposed by law at the time the credit bid is made;
(C) the amount of Beneficiary's credit bid need not have any relation to any loan-to-value ratios specified
in any agreement between Grantor and Beneficiary or previously discussed by Grantor and Beneficiary;
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and (D) Beneficiary's credit bid may be, at Beneficiary's sole discretion, higher or lower than any
appraised value of the Subject Property.
5.3 Application of Foreclosure Sale Proceeds. After deducting all costs, fees and expenses
of Trustee, and of this trust, including costs of evidence of title and attorneys' fees in connection with a
sale, all proceeds of any foreclosure sale shall be applied first, to payment of all Secured Obligations
(including without limitation, all sums expended by Beneficiary under the terms hereof and not then
repaid, with accrued interest at the highest rate per annum payable under any Secured Obligation), in
such order and amounts as Beneficiary in its sole discretion shall determine; and the remainder, if any, to
the person or persons legally entitled thereto.
5.4 Application of Other Sums. All Rents or other sums received by Beneficiary or any agent
or receiver hereunder, less all costs and expenses Incurced by Beneficiary or such agent or receiver,
including reasonable attorneys' fees, shall be applied to payment of the Secured Obligations in such order
as Beneficiary shall determine in its sole discretion; provided however, that Beneficiary shall have no
liability for funds not actually received by Beneficiary.
5.5 No Cure or Waiver. Neither Beneficiary's, Trustee's or any receiver's entry upon and
taking possession of the Subject Property, nor any collection of Rents, insurance proceeds,
condemnation proceeds or damages, other security or proceeds of other security, or other sums. nor the
application of any collected sum to any Secured Obligation, nor the exercise of any other, right or remedy
by Beneficiary, Trustee or any receiver shall impair the status of the security of this Deed of Trust, or cure
or waive any breach, Default or notice of default under this Deed of Trust, or nullify the effect of any
notice of default or sale (unless all Secured Obligations and any other sums then due hereunder have
been paid in full and Grantor has cured all other Defaults), or prejudice Beneficiary or Trustee in the
exercise of any right or remedy, or be construed as an affirmation by Beneficiary of any tenancy, lease or
option of the Subject Property or a subordination of the lien of this Deed of Trust.
5.6 Costs. F~cpenses and Attomeys' Fees. Grantor agrees to pay to Beneficiary immediately
upon demand the full amount of all payments, advances, charges, costs and expenses, including court
costs and reasonable attorneys' fees (to include outside counsel fees and all allocated costs of
Beneficiary's in-house counsel), expended or incurred by Trustee or Beneficiary pursuant to this Article V,
whether incurred at the trial or appellate level, in an arbitration proceeding or otherwise, and including any
of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation, any
adversary proceeding, contested matter or motion brought by Beneficiary or any other person) relating to
Grantor or in any way affecting any of the Subject Property or Beneficiary's ability to exercise any of Its
rights or remedies with respect thereto. All of the foregoing shall be paid by Grantor with interest from the
date of demand until paid in full at the highest rate per annum payable under any Secured Obligation.
5.T Power to File Notices and Cure Defaults. Grantor hereby irrevocably appoints
Beneficiary and its successors and assigns as Grantor's true attorney-in-fact to perform any of the
following powers, which agency is coupled with an interest: (a) to execute and/or record any notices of
completion, cessation of labor, or any other notices that Beneficiary deems appropriate to protect
Beneficiary's interest; and (b) upon the occurrence of any event, act or omission which with the giving of
notice or the passage of time, or both, would constitute a Default, to perform any obligation of Grantor
hereunder; provided however, that Beneficiary, as such attorney-in-fact, shall only be accountable for
such funds as are actually received by Beneficiary, and Beneficiary shall not be liable to Grantor or any
other person or entity for any failure to act under this Section.
5.8 Remedies Cumulative: No Waiver. All rights, powers and remedies of Beneficiary and
Trustee hereunder are cumulative and are in addition to all rights, powers and remedies provided by law
or in any other agreements between Grantor and Beneficiary. No delay, failure or discontinuance of
13
Beneficiary in exercising any right, power or remedy hereunder shall affect or operate as a waiver of such
right, power or remedy; nor shall any single or partial exercise of any such right, power or remedy
preclude, waive or otherwise affect any other or further exercise thereof or the exercise of any other right,
power or remedy.
ARTICLE VI. MISCELLANEOUS PROVISIONS
6.1 No Mercer. No merger shall occur as a result of Beneficiary's acquiring any other estate
in, or any other lien on, the Subject Property unless Beneficiary specifically consents to a merger in
writing.
6.2 Execution of Documents. Grantor agrees, upon demand by Beneficiary or Trustee, to
execute any and all documents and instruments required to effectuate the provisions hereof.
6.3 Riaht of Inspection. Beneficiary or its agents or employees may enter onto the Subject
Property at any reasonable time for the purpose of inspecting the Subject Property and ascertaining
Grantor's compliance with the terms hereof.
6.4 Notices. All notices, requests and demands which Grantor or Beneficiary is required or
may desire to give to the other party must be in writing, delivered to Beneficiary at the following address:
WELLS FARGO BANK, NATIONAL ASSOCIATION
MAC U1851-033
3033 Elder Street, 3'd Floor
Boise, Idaho 83705
Attention: Auto Finance Group
and to Grantor at its address set forth at the signature lines below, or at such other address as either
party shall designate by written notice to the other party in accordance with the provisions hereof.
6.5 Successors: Assi4nment. This Deed of Trust shall be binding upon and inure to the
benefit of the heirs, executors, administrators, legal representatives, successors and assigns of the
parties hereto; provided however, that this Section does not waive the provisions of Section 4.14 hereof.
Beneficiary reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of,
or any interest in, Beneficiary's rights and benefits under the Note, any and all other Secured Obligations
and this Deed of Trust. In connection therewith, Beneficiary may disclose all documents and information
which Beneficiary now has or hereafter acquires relating to the Subject Property, all or any of the Secured
Obligations and/or Grantor and, as applicable, any partners, joint venturers or members of Grantor,
whether famished by any Grantor or otherwise.
6.6 Rules of Construction. (a) When appropriate based on the identity of the parties or other
circumstances, the masculine gender includes the feminine or neuter or both, and the singular number
includes the plural; (b) the term "Subject Property" means all and any part of or interest in the Subject
Property; (c) all Section headings herein are for convenience of reference only, are not a part of this Deed
of Trust, and shall be disregarded in the interpretation of any portion of this Deed of Trust; (d) if more than
one person or entity has executed this Deed of Trust as "Grantor," the obligations of ail such Grantors
hereunder shall be joint and several; and (e) all terms of Exhibit A, and each other exhibit and/or rider
attached hereto and recorded herewith, are hereby incorporated into this Deed of Trust by this reference.
6.7 Severability of Provisions. If any provision of this Deed of Trust shall be held to be
prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such
14
~ ~
prohibition or invalidity without invalidating the remainder of such provision or any remaining provisions of
this Deed of Trust.
6.8 Recourse to Separate Prooertv. Any married person who executes this Deed of Trust as
a Grantor and who is obligated under any Secured Obligation agrees that any money Judgment which
Beneftciary or Trustee obtains pursuant to the terms of this Deed of Trust or any other obligation of that
married person secured by this Deed of Trust may be collected by execution upon that person's separate
property, and any community property of which that person is a manager.
6.9 Govemina Law. This Deed of Trust shall be governed by and construed in accordance
with the laws of the State of Idaho.
6.10 Arbitration.
(e) Arbitration. The parties hereto agree, upon demand by any parry, to submit to binding
arbitration all claims, disputes and controversies between or among them (and their respective
employees, officers, directors, attorneys, and other agents), whether in tort, contract or otherwise arising
out of or relating to in any way (i) the loan and related loan and security documents which are the subject
of this Deed of Trust and its negotiation, execution, collateralization, administration, repayment,
modification, extension, substitution, formation, inducement, enforcement, default or termination; or (ii)
requests for additional credit.
(b) Govemina Rules. Any arbitration proceeding will (i) proceed in a location in Idaho
selected by the American Arbitration Association ("AAA"); (il) be governed by the Federal Arbitration Act
(Title 9 of the United States Code), notwithstanding any conflicting choice of law provision in any of the
documents between the parties; and (iii) be conducted by the AAA, or such other administrator as the
parties shall mutually agree upon, in accordance with the AAA's commercial dispute resolution
procedures, unless the claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest,
arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA's
optional procedures for large, complex commercial disputes (the commerdal dispute resolution
procedures or the optional procedures for large, complex commercial disputes to be referred to, as
applicable, as the "Rules"). If there is any inconsistency between the terms hereof and the Rules, the
terms and procedures set forth herein shall control. Any party who fails or refuses to submit to arbitration
following a demand by any other party shall bear all costs and expenses Incurred by such other party in
compelling arbitration of any dispute. Nothing contained herein shall be deemed to be a waiver by any
party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar applcable state
law.
(c) No Waiver of Provisional Remedies Self Helo and Foreclosure. The arbitration
requirement does not limit the nght of any party to (i) foreclose against real or personal property collateral;
{ii) exercise self-help remedies relating to collateral or proceeds of collateral such as setoff or
repossession; or (iii) obtain provisional or ancillary remedies such as replevin, injunctive relief, attachment
or the appointment of a receiver, before during or after the pendency of any arbitration proceeding. This
exclusion does not constitute a waiver of the right or obligation of any party to submit any dispute to
arbitration or reference hereunder, including those arising from the exercise of the actions detailed in
sections (i), (ii) and (iii) of this paragraph.
(d) Arbitrator qualifications and Powers. Any arbitration proceeding in which the amount in
controversy is $5,000,000.00 or less will be decided by a single arbitrator selected according to the Rules,
and who shall not render an award of greater than $5,000,000.00. Any dispute in which the amount in
controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators;
provided however, that all three arbitrators must actively participate in all hearings and deliberations. The
arbitrator will be a neutral attorney licensed in the State of Idaho or a neutral retired judge of the state or
federal judiciary of Idaho, in either case with a minimum of ten years experience in the substantive law
15
. µ
applicable to the subject matter of the dispute to be arbitrated. The arbitrator will determine whether or
not an issue is arbitratable and will give effect to the statutes of limitation in determining any claim. In any
arbitration proceeding the arbitrator will decide (by documents only or with a hearing at the arbitrator's
discretion) any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or
motions for summary adjudication. The arbitrator shall resolve all disputes in accordance with the
substantive law of Idaho and may grant any remedy or relief that a court of such state could order or grant
within the scope hereof and such ancillary relief as is necessary to make effective any award. The
arbitrator shall also have the power to award recovery of all costs and fees, to impose sanctions and to
take such other action as the arbitrator deems necessary to the same extent a judge could pursuant to
the Federai Rules of Civil Procedure, the Idaho Rules of Civil Procedure or other applicable law.
Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The
institution and maintenance of an action for judicial relief or pursuit of a provisional or ancillary remedy
shall not constitute a waiver of the right of any party, including the plaintiff, to submit the controversy or
claim to arbitration if any other party contests such action for judicial relief.
(e) Discovery. In any arbitration proceeding discovery will be permitted in accordance with
the Rules. All discovery shall be expressly limited to matters directly relevant to the dispute being
arbitrated and must be completed no later than 20 days before the hearing date and within 180 days of
the filing of the dispute with the AAA. Any requests for an extension of the discovery periods, or any
discovery disputes, will be subject to final determination by the arbitrator upon a showing that the request
for discovery is essential for the party's presentation and that no alternative means for obtaining
information is available.
{f) Class Proceedinos and Consolidations. The resolution of any dispute arising pursuant to
the terms of this Deed of Trust shall be determined by a separate arbitration proceeding and such dispute
shall not be consolidated with other disputes or induded in any class proceeding.
(g} Payment Of Arbitration Costs And Fees. The arbitrator shall award all costs and
expenses of the arbitration proceeding.
(h) Real Property. Notwithstanding anything herein to the contrary, no dispute shall be
submitted to arbitration unless:. (i) Beneficiary spec~cally elects in writing to proceed with the arbitration;
or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the
single action rule statute of Idaho, thereby agreeing that alt Secured Obligations, and all mortgages, liens
and security interests securing any of the Secured Obligations, shall remain fully valid and enforceable.
(i) Miscellaneous. To the maximum extent pfacticable, the AAA, the arbitrators and the
parties shall take all action required to conclude any arbitration proceeding within 180 days of the filing of
the dispute with the AAA. No arbitrator or other party to an arbitration proceeding may disclose the
existence, content or results thereof, except for disclosures of information by a party required in the
ordinary course of its business or by applicable law or regulation. If more than one agreement for
arbitration by or between the parties potentially applies to a dispute, the arbitration provision most directly
related to the documents between the parties or the subject matter of the dispute shall control. This
arbitration provision shall survive termination, amendment or expiration of any of the documents or any
relationship between the parties.
16
.~
IN WITNESS WHEREOF, Grantor has executed this Deed of Trust as of the date first set forth
above.
Grantor
Address
CHETWO PROPERTIES L.P. 9211 W. Pebble Brook Lane
B ' 4'~ ''r`~~- Boise, Idaho 83714
Its: G~,~1~ P~,~.,
State of )
ss
County of )
On this the day of , 20 ,before me,
,personally appeared
known or Identified to me to be the of the
that executed the instrument or acknowledged to me that such
executed the same.
In witness whereof I hereunto set my hand and official seal.
[Notarial Seal] (Signature of person taking acknowledgment)
(Title or rank)
(Serial number. ff nv)
Iwy commission expires:
17
Exhibit A
A parcel of land being a portion of the Southwest Quarter of Section 18, Township 3 North,
Range 1 East, Boise Meridian, in Ada Coanty, Idaho, which parcel is more particularly
described as follows:
Commencing at the Southwest corner of said Section 18; thence
North 89043'32" East 70134 feet along the centerline of Overland Road to a point; thence
North 00045'10" East 25.00 feet to a point, said point being the REAL POINT OF
BEGINNING; thence
North 00045'10" East 949.11 feet to a point of curve, thence along a curve to the right, said
curve having a central angle of 12040'46", a radius of 1844.86 feet, and a long chord bearing
North 77019'59" East 407.43 feet to a point; thence
South 00044'58" West 375.70 feet to a point of curve on Bonefish Drive; thence along a curve to
the left, said curve having a central angle of 122018'41", a radius of 50.00 feet, and a long chord
bearing North 60024'28" West 87.59 feet to a point of curve; thence along a curve to the left,
said curve having a central angle of 122018'42", a radius of 50.00 feet, and a long chord bearing
South 02043'00" East 87.59 feet to a point of curve, thence along a curve to the right, said curve
having a central angle of 64037'23", a radius of 20.00 feet, and a long chord bearing South
31033'44" East 21.38 feet to a point; thence
South 00044'58" West 122.70 feet to a point of curve; thence along a curve to the left, said curve
having a central angle of 30044'58", a radius of 210.00 feet and a long chord bearing South
14037'31" East 11135 feet to a point; thence
South 30000'00" East 110.26 feet to a point of curve; thence along a curve to the right, said
curve having a central angle of 30044'58", a radius of 150.00 feet, and a long chord bearing
South 14037'31" East 79.54 feet to a point; thence
South 00044'58" West 150.81 feet to a point of curve; thence along a curve to the right, said
curve having a central angle of 88058'34", a radius of 30.00 feet, and a long chord bearing
South 45014' 15" West 42.05 feet to a point; thence
South 89043'32" West 20.00 feet to a point; thence
South 00044'58" West 15.00 feet to a point; thence
South 89043'32" West 393.94 feet to the POINT OF BEGINNING.
Except the following parcel described as:
A parcel located in Government Lot 4 of Section 18, Township 3 North, Range 1 East, Boise
Meridian, Ada County, Idaho, more particularly described as follows:
Commencing at a brass cap monument marking the Southeasterly corner of said Government
Lot 4 from which a 5/8 inch diameter iron pln marking the Southwesterly corner of said
Government Lot 4 bears North 89043'25" East a distance of 1116.39 feet; thence North
89043'25" East along the Southerly boundary of said Government Lot 4 a distance of 701.34
feet to a point; thence
leaving said Southerly boundary North 0044'45" East a distance of 25.00 feet to the POINT OF
BEGINNING; thence continuing
North Oo44'45" East a distance of 40.01 feet to a point; thence
South 36029'27" East a distance of 24.79 feet to a point; thence
North 89043'25" East a distance of 199.07 feet to a point; thence
South 0044'45" West a distance of 20.00 feet to a point; thence
South 8943'25" West a distance of 214.07 feet to the POINT OF BEGINMNG.
And further excepting;
A parcel located in Government Lot 4 and the Southeast Qnarter of the Southwest Quarter of
Section 18, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more
particularly described as follows:
Commencing at a brass cap monument marling the Southwesterly corner of said Government
Lot 4 from which a 5/8 inch diameter iron pin marking the Southeasterly corner of said
Government Lot 4 bears North 89043'25" East a distance of 1116.39 feet; thence North
89043'25" East along the Southerly boundary of said Government Lot 4 a distance of 915.41
feet to a point; thence
leaving said Southerly boundary North 0044'45" East a distance of 25.00 feet to the POINT OF
BEGINNING; thence continuing
North 0044'45" East a distance of 20.00 feet to a point; thence
North 89043'25" East a distance of 201.16 feet to a point; thence
North 40004'09" East a distance of 44.59 feet to a point on the Westerly right-of-way of
Bonefish Drive; thence
South 0044'51" West along said Westerly right-of-way a distance of 9.52 feet to a point; thence
leaving said
Westerly right-of-way a distance of 46.59 feet along the arc of a 30.00 foot radius curve right,
said curve having a central angle of 88058'34" and a long chord bearing South 45014'08" West
a distance of 42.05 feet to a point on the Northerly right-of--way of Overland Road; thence along
said
Northerly right-of-way of Overland Road the following described courses: thence
South 89043'25" West a distance of 20.08 feet to a point; thence
South 0044'51" West a distance of 15.00 feet to a point; thence
South 89043'25" West a distance of 179.87 feet to the POINT OF BEGINNING.
~~
EXHIBIT A
(Description of Property)
it A to Deed,of T~i;zt and Assignment of ReAts and Leases executed by
~_
as Grantor, to WELLS FARGO FINAf~CIAL NATIONAL BANK, as Trustee, f r the benefit of WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Beneficiary, dated as of Z Zoo
DescHation of Property
State of Idaho }
} ss.
County of Ada }
On this day of May 2003, before me, a Notary Public in and for said state, personally
appeared Lawrence H. Chehvood lrnown or identified to me to be the general partner(s) that executed the
foregoing instrument, and aclmowledged to me that he executed the same in said Partnership name.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and
year in this certificate first above written.
y a~T A R Y
~~~ •
G
`'• y~'~ rE of ~°,~
N Public fo the State of Idaho
Residing at: ~d-ra-~
Commission Expires: ~ a/z z~o S
RECORDING REQIJE9TED BY AND
WNEN RECORDED MAIL TD:
THORNTON BYRON LLP
I I O I W. RIVER STREET, SUITE 340
P.O. Box 7 ! 56
Bo1sE, ID 83707- 1156
208-344-8600
•
ADA COUNTY RECORDER d, DAVID NAVAR~iO 5
BOISE IDAHO D8/09103 02:57 PM (~ , ^~~~
DEPUTY Bonnie OberbiiNO 111~~""~~~
RECORDED-REQUEST DF III Illllllllillllllllllllllllllln III
Thornton Byron 10304632
AMOUNT 16.00
ADA COUNTY REC~IDER J. DAVID NAVARRO 4
BOISE f0AN0 06120Po3 04:08 PM
DEPUTY Bonnie OberbiiND ~~
RECORDED-REQUEST OF
Thornton Bryan i 0 08331 ~
AMOUNT 12,00
(SPACE ABOVE LINE FOR RECORDER 9 UsEI
BARGAIN AND SALE DEED
x~~x~~~~
FOR VALUE RECEIVED, LAWRENCE H. CHETWOOD and SHIRLEY S. CHETWQOD, husband
and wife, Grantors, do hereby grant, bazgain, sell and convey unto CHETWOOD PROPERTIES L.P.,
an Idaho limited partnership, whose current address is 9211 W. Pebble Brook Lane, Boise, Idaho
83703, Grantee, all of Grantors' interest in those certain pazcels of real property located in Ada
County, Idaho, more particularly described on Exhibit A attached l~reto and made a part hereof
by this reference.
TOGETHER WITH all improvements, easements, hereditaments and appurtenances thereto,
and subject to such rights, easements, covenants, restrictions and zoning reguhations as appear of
record or based upon the premises.
lIV WITNESS WI3ERrroF, Grantors have hereunto subscribed their names to this instrument
effective the first day of January, 2003.
GRANTORS: ~ /
~t~ctrt~r~~d../G"
LAWRENCE H. CHETWOOD
BE-REC.(3RDSD TO C08xECT
LEGAL DESCRIPTION.
HIRLEY S. C TWOOD
1~ARGAIN AND SALE DfiED - P, 1
•
STATE OF IDAHO
SS.
COUNTY OF ADA )
On this z0'l'' day of May, 2003, before me, the undersigned Notary Public in and for said
State, personally appeared LAWRENCE H. CHETWOOD and SHIRLEY S. CHETWOOD, husband and
wife, known or identificd to me to be the persons whose names are subscribed to the within
instrument, and acknowledged to me that they executed the same for the uses and purposes therein
mentioned.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day
and year in this cerdftcate first above written.
' ~-
~~~~~~.,~~~~~ NOTARY PUB C, S to Of Idaho
~~~.•°~~gY D, s'••,,~• Residing at: ~is~ , 1¢.~k~
,~~•~~~` ''r. co~s,~ Commission expires:__ l t I l1 ~ o~
` for"Rr i~+ ~'
* ~~~ •
i ~°UB LAG
BAxGnna AND SALE DEED - P. 2
•
EXHIBIT A
~~~*~~
A parcel of land being a portion of the Southwest quarter of Section 18, Township 3 North, Range
1 East, Boise Meridian, in Ada County, Idaho, which parcel is more particularly described as
follows:
COMMENCING at the Southwest corner of said Section 18; thence North 89°43'32" East, 701.34
feet along the centerline of Overland Road to a point; thence North 00°45' 10" East, 25.00 feet to
a point, said point being the REAL POINT OF BEGINNING; thence
North 00°45' 10" East, 949.11 feet to a point of curve; thence
along a curve to the right, said curve having a central angle of 12°40'46", a radius of 1844.86
feet, and a long chord bearing North 77°19'59" East, 407.43 feet to a point; thence
South 00°44'58" West, 375.70 feet to a point of curve on Bonefish Drive; thence
along a curve to the left, said curve having a central angle of 122° 18'41 ", a radius of 50.00 feet
and a long chord bearing North 60°24'28" West, 87.59 feet to a point of curve; thence
along a curve to the left, said curve having a central angle of 122° 18'42", a radius of 50.00 feet
and a long chord bearing South 02°43'00" East, 87.59 feet to a point of curve; thence
along a curve to the right, said curve having a central angle of 64°37'23", a radius of 20.00 feet
and a long chord bearing South 31°33'44" East, 21.38 feet to a point; thence
South 00°44'58" West, 122.70 feet to a point of curve; thence
along a curve to the left, said curve having a central angle of 30°44'58", a radius of 210.00 feet
and a long chord bearing South 14°37'31" East, 111.35 feet to a point; thence
South 30°00'00" East 110.26 feet to a point of curve; thence
along a curve to the right, said curve having a central angle of 30°44'58", a radius of 150.00 feet
and a long chord bearing South 14°37'31" East, 79.54 feet to a point; thence
South 00°44'58" West, 150.81 feet to a point of curve; thence
along a curve to the right, said curve having a central angle of $8°58'34", a radius of 30.00 feet
and a long chord bearing South 45° 14' 15" West, 42.05 feet to a point; thence
South 89°43'32" West, 20.00 feet to a point; thence
South 00°44'58" West, 15.00 feet to a point; thence
South 89°43'32" West, 393.94 feet to the POINT OF BEGINNING.
EXCEPT road and ditch rights-of--way.
B,a,itc~tt~ Arro SnLS Dean - P. 3
•
LESS AND EXCEPT those certain parcels conveyed to the Ada County Highway District by
Warranty Deeds dated August 27, 2002, and recorded November 21, 2002, as Instrument Nos.
102137634 and 102137635, more particulazly described as follows:
PARCEL 67 -RIGHT-OF-WAY TAKE DESCRIPTION:
A parcel located in Government Lot 4 of Section 18, Township 3 North, Range 1 East, Boise
Meridian, Ada County, Idaho, more particularly described as follows:
COMMENCING at a brass cap monument marking the southwesterly corner of said Government Lot
4 from which a 5/8 inch diameter iron pin marking the southeasterly corner of said Government
Lot 4 bears North 89°43'25" East a distance of 1116.39 feet; thence North 89°43'25" East along
the southerly boundary of said Government Lot 4 a distance of 701.34 feet to a point; thence
leaving said southerly boundary North 0°44'45" East a distance of 25.00 feet to the POINT of
BEGINNING; thence continuing
North 0°44'45" East a distance of 40.01 feet to a point; thence
South 36°29'27" East a distance of 24.79 feet to a point; thence
North 89°43'25" East a distance of 199.07 feet to a point; thence
South 0°44'45" West a distance of 20.00 feet to a point; thence
South 89°43'25" West a distance of 214.07 feet to the POINT OF BEGINNING.
This parcel contains 0.102 acres (4,431 square feet) and is subject to any easements existing or in
use.
PARCEL 60 -RIGHT-OF-WAY TAKE DESCRIPTION:
A pazcel located in Government Lot 4 and the SE '/a of the SW 1/a of Section 18, Township 3
North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows:
COMMENCING at a brass cap monument marking the southwesterly comer of said Government Lot
4 from which a 5/8 iztch diameter iron pin marking the southeasterly comer of said Government
Lot 4 bears North 89°43'25" East a distance of 1116.39 feet; thence North 89°43'25" East along
the southerly boundary of said Government Lot 4 a distance of 915.41 feet to a point; thence
leaving said southerly boundary North 0°44'45" East a distance of 25.00 feet to the POINT of
BEGINNING; thence continuing
North 0°44'45" East a distance of 20.00 feet to a point; thence
North 89°43'25" East a distance of 201.16 feet to a point; thence
North 40°04'09" East a distance of 44.59 feet to a point on the westerly right-of--way of Bonefish
Drive; thence
South 0°44'51" West along said westerly right-of--way a distance of 9.52 feet to a point;
Thence leaving said westerly right-of-way a distance of 46.59 feet along the arc of a 30.00 foot
radius curve right, said curve having a central angle of 88°58'34" and a long chord bearing
BARGAIN AND SALb DEED - P. 4
Thence leaving said westerly right-of-way a distance of 46.59 feet along the arc of a 30.00 foot
radius curve right, said curve having a central angle of 88°58'34" and a long chord bearing
South 45° 14'08" West a distance of 42.05 feet to a point on the northerly right-of--way of
Overland Road;
Thence along said northerly right-of--way of Overland Road the following described courses:
Thence South 89°43'25" West a distance of 20.08 feet to a point; thence
South 0°44'51" West a distance of 15.00 feet to a point; thence
South 89°43'25" West a distance of 179.87 feet to the POINT of BEGINNING.
This parcel contains 0.095 acres (4,140 square feet) and is subject to any easements existing or in
use.
Bnxcnuv AtJn Sa1.E D~ - P. 5
•
AFFIDAVIT OF LEGAL INTEREST
STATE OF IDAHO )
COUNTY OF ADA )
(name) (address)
(city) (state)
being first duly sworn upon, oath, depose and say:
That I am the record owner of the property described on the attached, and I grant my
permission to:
~1 g2r P - ~Ti~i S7' C~
(name) (address)
~fbMA:S ~, I~IF/v~Mo~ / ~R;~
to submit the accompanying application(s) pertaining to that property.
2. I agree to indemnify, defend and hold the City of Meridian and its employees hazmless
from any claim or liability resulting from any dispute as to the statemexrts contained
herein or as to the ownership of the property which is the subject of the application.
3. I hereby grant permission to City of Meridian staff to enter the subject property for the
purpose of site inspections related to processing said application(s).
2
Dated this J b day of ~V b ~ eM^' ~-~/ , 20 d~
~r\/ ~~ gnature)
SUBSCRIBED AND SWORN to before me the day and year first above written.