Backstage Dance Center CZCV 12-029~E IDR IAN--
IDAHO /
November 14, 2012
Anne M. Sakolsky-Basquill
Backstage Dance Center
2908 N. Fieldstone Way
Meridian, Idaho 83646
RE: Backstage Dance Center located at 535 N. Locust Grove Road (CZCV-12-029)
Dear Ms. Basquill:
Mayor Tammy de Weerd
City Council Members:
Keith Bird
Brad Hoaglun
Charles Rountree
David Zaremba
This letter is to confirm that the Director approved your certificate of zoning compliance verification
application for a change of use of the subject property from a Light Industrial Use to an Indoor Recreation
Facility (dance center) If you should have any further questions regarding this matter, please do not
hesitate to contact Bill Parsons or Kristy Vigil at (208)884-5533.
Please contact Building Services and the Meridian Fire Department for specific permit and code
requirements.
The applicant, director, or a party of record may request City Council review of a decision of the Director.
All requests for review shall be filed in writing with the Planning Department on or before November 29,
within fifteen (15) days after the written decision is issued, and contain the information listed in Unified
Development Code (UDC) 11-SA-6B.
If City Council review of the decision is not requested, the action of the Director represents a final
decision on a land use application. You have the right to request a regulatory taking analysis under Idaho
Code 67-8003.
Thank you for contributing to the success of Meridian. Please help us serve you better in the future. Visit
our web-site at www.meridianci .org departments/planning/comment card to fill out a customer survey
and give us feedback on how we are doing.
mcerel ,
`, Pet Fried
tinning D
PF:kv
~)
~'
man, AICP
ivision Manager Y.'<.., '
Community Development Department . 33 E. Broadway Avenue, Suite 102, Meridian, ID 83642
Phone 208-884-5533 Fax 208-888-6854. www_meridianritv.ora
E IDIAN:----
lA
Planning Department
ADMIlVISTRATIVE REVIEW APPLICATION
Type of Review Requested (check all that apply)
^ Accessory Use .STAFF USE-ONLY:
^. Alternative Compliance Filenumber(s): ~_~ ~ ZC ~-'`' / ~ ' ~~ `~
^ Certificate of Zoning Compliance
Certificate of Zoning Compliance Verification
^ Conditional Use Permit Minor Modification
^ Design Review Project name '~
^ Private Street Date-filed/ r' ~~ ate complete: ~"
^ Property Boundary Adjustment
^ Time Extension (Director) Assigned Planner.
^ Vacation Related files: ~ 12
^ Other /~ ~.L'' ~~ ,- ~~
Applicant Information
~~
Applicant name: ~,r~'e~.si /¢l~~ ~A~E''~ C~•~'7L~ Phone: ~~ ~'T~o
Applicant address: Zip: E-mail:
Applicant's interest in property: ^ Own 'Rent ^ Optioned ^ Other
Owner name:i~X!,c~ ~ ie~Si j~ - ~~ui~- Phone: d ~=~ Fax: ~~~f-
.I~f-• p ~~_ ~~•coi1
Owner address: ~ ~ i %~Z17S~2: (.~ ~ Zi mail: ~~f
Agent nay
Firm name:
leer, developer, representative):
Fax:
Zip: E-mail:
Primary contact is: ^ Applicant ~ Dwner ^ Agent [~10ther 57~1/L' ~4s'"d1Clll~G / S ~ to
~~ ~~
Contact name: Phone: ~1:aC~. /~l~ Fax:
Contact address: S~1~ ~ ~~'~''~~e-- Zip: E-mail:
Subject Property Information
Location/street address: JAS ~ ~ ' ' ~ ~~-~Z¢'
Assessor's parcel number(s): ~ ~. • /~'~ 1~'iq-![_~/D,,~``~~,~ sii~'~~DiUI.Si~~~
Township, range, section: Total acreage: ~- T4°
Current land use: /~.+~~~ ~(1 S~ Cunent zoning district: ~
33 E. Broadway Avenue, Suite 210 • Meridian, Idaho 83642
Phone: (208) 884-5533 • Facsimile: (208) 888-6854 • Website: www.meridiancity.org
1 (Rev. 11/29/11)
Project Description
ProjectJsubdivision name: ~~'=~5779~G ~~''7~`~r ~~~~'~~'
General description of proposed project/request: ~...~ L~~'T ~ ~ L~1C~ST.~~ ~~~~
Proposed zoning district(s):
Acres of each zone proposed:
Type of use proposed (check all that apply):
^ Residential ^ Commercial ^ Office ^ Industrial Other ~'~~t~ X77>~1 O _
Amenities provided with this development (if applicable):
Who will own & maintain the pressurized irrigation system in this development? N /~
Which irrigation district does this prope lie within? ~' /~
ti ,/
Primary irrigation source: ~ Secondary: /`t'
Square footage of landscaped areas to be irrigated (if primary or secondary point of connection is City water):
Residential Project Summary (if applicable)
units:
and/or other lots:
Proposed number welling units (for multi-family developments only):
1 Bedroom: 2 or more Bedr
Minimum square footage of
Minimum property size (s.f):
garage):
Gross density (DU/acre-total land):
Percentage of open space provided:
Percentage of useable
Type of open s
Number of building lots:
Proposed building height: _
Average property size (s.f.):
density (DU/acre-excluding roads & alleys):
Acreage en space:
(See Chapter 3,
in acres (i.e., landscaping, public, common, etc):
G, for qualified open space)
Type o velling(s) proposed: ^Singie-family ^ Townhomes ^ Duplexes ^Muiti-family
Non-residential Project Summary (if applicable)
Number of building lots: ~1._- Other lots:
r
,~-
Gross floor azea proposed: ''~-' ~~~ Existing (if applicable):
Hours of operation (days and hours): ~~° ~ 3~ - ~ Building height:
Percentage of site/project devoted to the following:
Landscaping:
Building:
Paving:
Total number of employees: ~ Maximum number o employees at any one time: -~
Number and ages of students/children (if applicable): ~~~ ~' ' ~ Y~ Seating capacity: _~~
Total number of parking spaces provided: Number of compact spaces provided:
Authorization
Print applicant name:
Applicant signature:
Date:
f t- Cs
33 E. Broadway Avenue, Suite 210 • Meri~i~n, Idaho 83642
Phone: (208) 884-5533 • Facsimile: (208) 888-6854 • Website: www.meridiancity.org
2
SePbembar 26, 2012
City of Meridian
33 E Broadway _
ATTN: Planning Deparhnerrt
~111eridian, Idaho 133842
To Whom #t May Corx~rn; .
The Backstage Dance Center intends to move from ~s cxurent loc~On at 2140 E Commercal
Street to 1535 N~ Locx~st Gro~re m Melt, kilo t;~42.
~ conditions use perms is sppsuerrtly r+equined in order to en~le the move to the new location.
~~~
Anne M. Sakolsky BasgtHU,
Owner, Backstage Dance Cer>tier
A~AVrr of ~G~ nvZ~x~sT
STATE OF IDAHO )
COIINTY OF ADA )
~, ~ name ~, ~~ )
(~m-) (state)
being first duly sworn upon, oath, depose and say:
1. That I am the record owner of the properly described on the attached, and I grant my
permission to.
~dnJr'.dJ• 5~~~ ,uct~
~~~~
(tee) (address)
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 harmless.
from an3- claim or liabiMy resulting from awry dispute as to the statements contained
harem or as to the ownership of the properly which is the subject of the applicat7ion.
3. I hereby grant permission to City of Meridian staff to enter the subject. property for the
purpose of site imspections related to processing said applicafio~s).
Dated this ,~,.~_day of_~~ ~ ~ 20~
~~~~ - ~--
(Signature)
SUBSCRIBID AND SWORN to before me the day and year first above written.
~q~~' ~,' : (Notary Public for Idaho)
rA _
' ~ ~,~`r~~~, ~ ~ Residing at: ~.~~1 ~u ..~`L`
~ °'°~' ~
AZ-Btt~ My comet;scion Expires ~`" ~- ~ -t~'
$~A . ~
Date: October 5, Zola
To: Backstage Dance Center
Anne M. Sakolsk~t-Basquill
2908 N. Fieldstone Way
Meridian, ID 83646
R~ebeota W. Arnold, Prrsident
Sara M. Bauer', Vice President
~OIMI S. Ffiarrden,
c~roi a Mctce~, ~
Mi1~eM A. )ats~dta, Gonrr~sinner
Subj~ MCUP-12-011 `
_._ __ _ 1535.E., Commercial Dt. _ _ _ __ ._
Request for oonditwnal use approval to operate a dance studio
in response th your request for commerrt, the Ada Ckxrrrty Highway District (ACRD) staff has
reviewed the submitted a~tication and site ptrur for the item refererx~ed above. tr has been
determined that ACRD has no site specific conditions of ap~oval ~ this application at this time
due to the fact that this devebpment is estimated to ger>erath less than 10 additional vehicle trips
> per day.
There is No Impact Fee `Due #or this application and an AGHD insvection is not required.
tf you have any questions, phse feel free th corrt~ic~ meat (208) 387-6282.
Sincerely;
~e ~
Ctvissy Weiser -
Planning Review Intem
Development Services
CC: Project file,
City of Meridian, via e-mail
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E IDIAN~- Meridian City Hall, Suite 102
33 E. Broadway Avenue
Meridian, Idaho 83642
Community Development 208.887.2211
Department
Address Verification
Date: 9/28/12
The address information below has been researched and verified as the "correct address" by the City of
Meridian Community Development Department.
Project Name: Backstage Dance Center TI
Address: 535 N. Locust Grove Rd.
Suite: 120
Zip Code: 83642
Lot/Block/Sub: 2/3/Railside Park
Parcel : 87326471400
Note: Previously listed in Ada County records as
1535 E. Commercial Drive. Official Change of Address to be
issued.
1) The address has been assigned based on available information.
This address should be considered temporary. Final address to be assigned upon completion of
development.
2) This address will be required to connect to municipal services per Meridian City Code 9-1-4.
Municipal water is available for connection at this location.
Municipal sanitary sewer is available for connection at this location.
This property does not currently have municipal services available.
3) _x_This is an existing structure that is currently connected to municipal services.
ALL PLANS BEING SUBMITTED TO THE CITY OF MERIDIAN WILL BE REQUIRED TO CLEARLY REFLECT THE CORRECT
ADDRESS AND SUITE NUMBER (IF APPLICABLE) AS REFLECTED ABOVE.
Address Verification Rev: 04/23/12
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187138523
CONSTRUCTION DEED OF TRUST ~
THIS DEt~ OF TRUST Is dated October 3, 2007, among Tsunami InvssVrtents, LLC, an o l3rrtited LiabNity
Company, whose address is P. O. Box 770, Meridian, ID 83680 (`t3ralttor`); Herne Federdk ,whose address
is 600 12TH AVENUE SOUTH, P.O. BOX 190, NAMP~c, ID 83653 Iroferred to bek3w solnetirrlea as "Lender" and
sometimes as `Besreficien/`); and litleOne Corporation, whose address is 1101 W. River Street, Bode, 10 83702
(referred to below ~ 'Trustee').
CONVEYANCE AND GRANT. for vaMrable carwidsration, Grantor doss hereby irrevoc.bly grant, btrgdra salt and convey intrust with power of
sale, m Trustee for the baneNt of Lertdar as 8erreRday, ap of Grantor's right, titb, and interest in srrd to the fopowirg described real property,
together with ap existing or querttly erected or affooad bup~rtgs, improvements and fixtixes; ap e~ematcs, rights of way, and
appurtenances; ail water, water rights and ditdt righa (inchrdbtg stack in utilities with ditch or irrigation rights): and ~ other rights, royalties,
and profits relating to the real property, inChltletg without pmitation ep rttirterala, Oil, gas, geOthemtai and similar matters, (the `Real
Property°) located in Ada County, State of Idaho:
Lot 2 in BktClt 3 of RAILSIDE PARK SUBDIVISION, acoor~ng m the plat Utereof, fled in Book 73 of Pests at
Pages 7561 and 7562, Records of Ada Cotetty, Idaho.
The Real Property or its address ~ canmoniy known ss 1535 E. Comtnerdad Avenue, Melldian, ID 83642.
CROSS-COW4TERAL.IZATION. In addition m the Note, this Deed of Tnrat aegxes a9 obigadons, debts std liab~itiea, plus letterset thereon, of
Grantor to Lender, or any one or more of them, as wep.aa sp ciNms by lender aga&tst Grantor or any one or more of them, whaltter raw
existing a hereafter arising. whether related or unrelated to the purpose of the Note. wttedtec voltxttery or otherwise, whether due or not due,
direct or indirect, determined a wtdeterrnirted, absolute or contingent, pgtlidated or tetliquidated, whether Grantor may be gable individually or
jointly wtth others, whether obigated as , surety, .aclwrrartodatiort party or otherwise, and whether recovery upon such amourra may
be or hereafter may berxxrte barred by any statue of limitations, and wltetlrar the obligation to repay such arrrouna msy be ~ hsrsafcar may
become otherwise unertforceabie.
Grantor presertdy assigns m gender (also known ~ Beneiidary in this Deed Of Trust) ~ of Grentor's rtgM, tide, and interest le and m ail preaer-t
and futwe leases of the Property and ab Rents from the .Property. M addition, Grantor granter to Lender a Uniform C.ortwrwrcial Code security
irrterest in the Personal Property and Rents.
THIS Dt~ OF TRUST. Wq.UO1NG THE ASSKiNMQ~I't OF RENTS AND THE SECURITY NrTEREST W THE RB11T3 Alai PERSONAL PROPERTY,
IS GIVEN TO SECURE (A) PAYMENT OF THE ~ AND i6) P6iPORMANCE OF ANY AND ALL OBLIGATIONS tINDBI THE NOTE,
THE ROAT~ DOCUMENTS. AND TiBS LIEfO ~ TRUST. THIS DEED OF TRUST. INCI.UDN(t THE AS318MNENT OF RENTS AND THE
SECUtIITY MT'ER~7' Nei THE RENTS. AND PHiSONAL PROPERTY. LS ALSO GIVteN TO SECURE ANY AND ALL OF GRANTOR'S OBLIGATIONS
UNDER THAT CERTANiI LOAN AGR~AEN'f BETYIfC~I GRANTOR AND LENDER OF EVEN DATE FN3tE1MRH. ANY EVHIIT OF
DEFAULT l/NDBi THE CONSTRUCTION LOAN AGREEMENT, OR ANY OF THE REtAT~ DOCUMENTS TO TH~1, SHALL ALSO
BE AN EVENT OF DEFAULT UNDER THIS ~ OF TRUST. TINS O® OF TRUST M Gwen AND ACCtN'T® ON THE FOLLOWING TMtMS:
PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed Of Trust, Granter strap pay to Leader aN'arrtotnts secured by this
[?eed of Trust as they tierorrte due, and shag strictly end M a thrtely tnaeter pert~orm ail of Grantor's obpgatiora under the Note. this Did of
Trust, and the Related Doc~anertts.
CONSTRUCTION MORTGAGE. TFds Deed of Trust is a 'construction mortgage for ttte purposes of Sectlorts 8-334 and 2A-309 of the Urufonn
Commeroiai Coda, as tttosa sections have been adopted by the Stem of Idaho.
POSSESSION AND pllllNilTBrIANCE OF THE PROPERTY. Granmr agrees that Grartor's possession and use of the Property shop bs governed by
the foNowing provisions:
Possessiat Aral User. Until ttte OCCUfrenCe of an Event Of Default, GrarMr may l11 rernakt in posaessiort and Control of the Property: i2t
use, operate or matege the Property: and t3) oopsct the Rena from the Property. The fopowing provisions relea m the use of the
• Property or m other ~ on the Property. THE REAL PROPERTY EITHER iS NOT MORE THAN FORTY l4W ACRES IN AREA OR lS
LOCATED WITHIN AN INCORPORATE CITY OR VILLAGE.
Duty to Mllalntain. Gretttor attap maintain the Property in table catdKbrt and pront~ty perform ~ repairs. ~, and
maintenance rteceasary m preserve its vakre.
Cow Wiat Envi~onmatal Laws. Grantor reprEreata and waranb to Lender that- (1) During the period of Grantor's ownership of
the Property,.there has been no tae. gertwation, ntatufactlrre, smrege, ueat~merty disposal, release or threaoerted release of arty Fies6udous
Substance by ~Y person on, under, about or from the Property: l~ GrmrCor has no knowledge of, or reason m bepave that titers tree
been, exc~t as previously discbsed to and acknowledged by I.ertdar in wridrig, Ia) arty breach or violetiori of arty t~rvtronrrwrttat Laws,
ibl any user, generation, mntanufacture, storage, trestniait, dkip~ei, relesse Or dtrest.ned rele~e of arty Hazardous Substance on, under,
about or from the Property by arty poor owners of occupaia of the Property, or tc) any actual or Utresarted pdgadort or deirns of any
kind bV erw oert<on relating m simh mattoira~ sari 131 Fxnsm we nrn..i.,.rci.. Aic,~r.enw ,,. s...1 ew4wn...la,iww.i ~... ~ .....,.._ :_ ....:a:.... ...~ ....:.a..._
~ t
~_.~' DEED OF TRUST '~°"~ ~ ~ • , `
Loaet 1~: 1001081428888 {Corttinl~ed~ r Ps~e 2
Rvnroval of Intprotrontems. t3rantor shag not derrtoNsh or remove any Improvenrenp from the Real Property without-Lertde-'e prior written
consent. As a corrditiprr re tfte rerrtovM of arty Irrlrrov+efrierrts, Lender may regrare tirantw m make wrartgernerrta satlafecmry to LwWer to
replace stNfii improvernerlts with Mrix+ovemsrrti of at least eta t-ettte.
Leader's Rietrt m Biter. Lander and Larrdgr's e9erKS and tepreserrtatlvea rosy enter tipoit the Real P.roparty at a8 reaaonebis tirrise to atband
t0 Lender's irtteresis and tD inspect the Real Property for purposes of Gran>~'s oonrpBsrKe with the trams end eondib'orrs.of this peed of
Trust.
Corrgrifance wltlt Govwnrrrsrttd Nequ:srrrsrtts. 4rartLOr shell promptly comply vrittt ~ taws, orda~sr>ces, and -egulatlons, now or hereafter
in effect, of a8 9overtxnental autttoritiea appBcMrfe m the use ~ occt~rey of the Property, indtrding without Brrr6etlon, rtes Americans
]ilthlt D'isab'fitiss Act. Granwr may cor-teat in good faith any strop law, ordinance. err regulation and withhold during any
prong, including appropriate appeals. so kmg as Grarreor.has notified lender in writing prior to doing so end so kKg as, W Lender's
sole opinion, Lender's interests W the Property are not jeopardized, tender may require Grantor to post adequate security or a surety bond,
reasonably satisfactory to Lander; to protect Lender's interest.
Duty to Promeet Grantor agrees neither to Mxmdon or leave tx~etterded the Property. Grantor shag do aN ott>ar eats, of addition to those
acts sat faith above M this section, whidt fran fire chwacter and use of the Property are reasonably necessary tD protect sad proserve the
Property.
C.wtsStrctlat Loan. if some or ed of the proceeds of the low creating the ~Indebtedrwss ere m be used to construct or complete
construction of any impro~remer>ffi on the Property, the Improvements sha8 be compfeDed no {star then the m
aturity data of the Note tot
such earlier date as tender may reasonably establish? acrd Grantor shah pay M ftr8 a8 costs artd e b camection with the work.
Lender will disMirse ban proceeds under such tarots and conditions as Lander may deem reaeoneblir, nerxsswy to insure that the interest
crested by thin Deed of Tnrst shah crave priority over ~ possible sei~s, incterrBtg those of meterfd a~pYers and workmen. Lender rnaY
require. among ott>w thugs that disbwsamertt requests be supported by recehlted b818, expense sff~davita, waterers of Bens. construction
progress reports. and such other doctrmwttatlon as -Lender may reasonably request.
DUE ON SALE - CONSHIIT BY LEER. - lsrxler may, at Lertdw's option, declare immetkately dire and payable M! sums secured by this Deed of
Trust upon the sale ~ trar~fw, without Lender's prior written consent of MI or any part of the Real Property, or any interest in the Real
Property. A 'sale or transfer" means the corn+sywp;e of Real Property or arty right, tiffs or interest M the Real Property: whether Iegai, beneficial
or equitable: whether volwrtary or involuntary; whetlter by outright sate, deed, ir~lunent sale .
comtrsCt . Iwtd contract contract for dead,
leasehold interest with a farm greater than throe (3) years, base-optlort contract or by sale. ~ or transfer of any bsnefdal interest M
or to any land trust ttol~q title to the Real Property, or by any other method of c~rrrveyarx:e of an irrlerest ut the Real Property. ff arry Grantor is
a corporation, partrterMt~ or Bmited BabiBty roorr~etty, trertsfer also intdttdes any ohar>gs M owrtershlp of more then twwtty-ihre percent (25%) of
the voting stock, partnwship interests orl'srrited BaWihy company Mteresta, ~ the case may be, of such Grantor. However. this optlon MrMI not
be exercised by LerMer if such exercise ~.prottibited by federal law or by Waive law.
TAXES A11~ LB~IS. The following provisions relagng to the taxes and Rena on the PropeRy are part of tNs Deed of Tnrst:
Payment. Grantor sha8 pay when due (and in ail events prbr ro ~ MI taxes. sperdal taxes. amenb, rdnages (inckding
water and sewer), fines and impositions leveled against or on arxotsit of the Property, srtd sha8 pay when due M claims for work done an or
for services rendered ~ material furnished to the Property. Grantor shag maintain the Property free of a8 Bens havitg priority over or equal
to the interest of Lender under the Deed of Trust except for the Ben of taxes and ssseasnrertts not due, except for the Existing
Indebtedness referred to below, and exert ~ otherwise provided in this Deed of Trust.
Right to Contest. Grantor may wittdtoW payment of arty tax, eS~SrrlNtt, o< q~ ~ COrtnBCtion with a good faith d'repute over the
obtigatiort m pay, so kung as Lender's ittweat kr the Property is not jeopwdizad. ff a Ben arises or ie filed as a result of nonpayment
tirontor shad witldn fifteen 1151 days after the- sen arises or, if a Gen ro iGed, within {)freer (15) days after Grerltor has rtartirw of the firing,
secure the dischwge of the Gen. or if rsqueatad blf t,ender, deposit with L cash or a sufficient corporate surety bond or other aectaity
satisfactory m Lender ~ an amwstt sufficient to discharge the Ben pkrs any costs and reasor>eble atoorrreys' fees, or other charges that
could accnae as a resuh of a firedostma or sate under the Ben. Marry contest, Grorttor shag defend itself and Lender end sha8 sat~fy any
adverse judgment before ertforcernertt against the Property. Grantor Mud name Lender as an additional obligee under any surety bond
famished in the contest proceedings.
Evidence of Payment. Grantor shop upon demand furnish to Lendw Satisfactory evidence of payntwtt of the taxes or assessrttertts and shall
authorize the ~proprlate govenrnerttM offirxa1 to dMterer to Lender at arty titre -a written statement of the taxes and aseessntertts against
the Property.
Notice of CorrsbucBon. Grantor sha8 notify Lender at least fifteen (151 days before arty work ~ cortfrnen~d, any services are ttirrdatred, or
any materials are supplied to the Properq-, if any rrrerdrerric's Ben, rrterteriairrtan's Ben, a other Gen could be asserted on ac:cowtt of the
work, services, or materials. Grantor w~ upon regttsst of Lander Ulm~h tD Lender advance assurartrws satisfactory to Lendw that Grantor
can and wdl pay rtes COSt of such unP-overttertts.
PRDPgiTY DAMAGE B~iSURANCE. The following provieiatc rMatlrtg ~ ~~g ~ proPenY are a part of this Deed of Trust.
MMttlsttarrce of k~sraattca. Granmor aheN proctue and maintaur poBcies of the insurance with ststrdaM extended its on
a repiacement basis for the tub insurable vedti~e co+rwsge
covering an uerprnre.nencs on the heal Property in ~ amount. auffiGsrK-to avoid application
of any rXrirstuarx;a clue. and with a standard mores clause M favor of Lender. Grantor scarp Mao procure and maintain
comprehensive general BnbGity irsrsartce M such coverage wriotatts eS Lender may r'B9uest' .with Trtrstae arld Lender itekrg named as
additional insureds in such lisbiBt1r irsurence Policies. AddiBonedy, Grantor shad maintain such otFtar irwrrrwxw, iu~rdutg but riot Waited tp
hazard. business interruption, and boner itstrertce, ~ Lander may reasonably regains- pbBcies sturN be written in form, en+orarts, coverages
and basis reasonably acceptable tD Lender and issued by a smmp~y or r reasonably acceptable m Ler~r. Grantor, upon request
of Lender. wdl dMterer to Lander from torte to time the poBries err cerutficatas of insurance m form satisfactory to Lender, including
stipulations that coverages wiY riot be carxoMled or dirrutiMted without at least ten (7~ days prior written notice to Lart~r_ Each instaarxse
policy also sha8 utdude an endorsement proviourg that coverage ut favor of Lender w81 not be .impaired in any way by arty act, omission or
default of Grantor or any other parson. Should the ReM Property be boated in an area designated by Ura Diector of the Federal Errtergency
Management Agency ~ a spacial flood hazard weer. Grantor agrees ba o6tMn• and maurtMn Federal Rood trtsurance, if avaibble, for the full
unpaid prinr~pM bManca of the ban end any prior Bens on the property serxaing the k>~, up to the maxirrttrrn poBcy Orrrits set trrtder the
National Flood lrrstsarrce Program. ~ as otltertuiae required by Lenrbr, and to meartmn such insu~ for the term of the k~an_
APPS ~ Proceais. 6rentor shad promptly notify Lander of any loss or damage m-the Property. Lender rosy make proof of loss if
Gntntor fans m do so withit fifteen (151 days of the cestrMgr. 1Mtether or not Lertdar's security ur unpaired. Lender may, at Lender's
affect{ • terei~re and retaM the pt»reeda of any irtstrarrt:e and apply the proceeds Tp the redtrctlon of the Indebtedness, psyrr>arrt of any Ben
ng Property, or the rostoratbn and repay of the property. ff Ler-dw Mects to the
shalt repair or replace the damaged or destroyed infproverrn~a M a manner apph LO atlon grid • Grantor
.such e w to ~^~r• . upon satiaTaCtOry proof of
xpenditure, Pay or reurrbtrrse Grmrtor ltarrr the proceerM for the reasortMrie cost of repair err restpradat if Grantor .1s riot in default
under fhb Oeed of Trust. Any proceed which have not been disbursed within 180 days after tfieir nkaipt and whloh Lender tees not
commhted to the repair or restoration of the Property shMl be used first to t>8y env amount nwinn +.+ r a...r.......r....a.L n__~ _~ ~ ..
i
GEED OF 'CRUST
loan No: 1007001426898 (Cti-frrt~fti~d) ~ 3
required to dMcitarge or pay trrder fhb Dead of Trust Or any Related DoctNrrsrtts, Irendsr on Grantor's bslulf may (but shsC not be obCgatod tot
take any action that Lender deems appropriate, irtcitrdatg but not Crnited m ~ or peyktg eC taxes, Cans, security lrtterests,
enctxnbrenCes end otlt~ claims, at any time levied or pieced on the: Property and paybtg s~ rwsts • .. . - a the
Property. A8 such expendittaes incurred ~ paid bll C~Ier for such purposes wfil then beaz interest n lira
data Mourned or paid by Lender to ttte dabs of rapeymarrt by Grantor_ AC sudt expertees wiN becortw a ~ ~ ~ --~ id9P8
option, wrll fA} be payable on demand: lB1 be added m tfte balance of the Note and ba ~ t any
inatalimerrt payments m aecorrre due durMg eigter tl} t)le tblitl Of arty apps iiwtrrence policy; tie, or
lC) ba treated as a beCoon payment wlwch wN be due and payable at the Mote's matuAty: Tate Dee oZo t ~~ these
amounts. Stich right steel! be in addition 1n aC othey nights and Vies to which Lender may be enE
WARRANTY; t)EFEMSE OF 71TI.E. The folbwirtg proviaiona.relating to owrterahip of the Property ere
Title. Granmr warrerrts that: la} Grantor holds good and. rrrarket~le tide of ntoord m the ProF 1 liens
end encumbrences other than those set forth irrttte Reai Property desrxipt#on or in the Existirs y titre
insurance policy, title report, or iMel tide opMiort issued M favor of, and accepted by, Lender in d lb1
..
nght, po eudtority to execute and deliver thrs Deed of Trust to L.ender." ' - _ _. _ _ _ __..,....:-.-,-,.. -.-
Granmr teas the full war, and
Defense of Title. Subject m the exception M the paragraph above, Grantor warrants and wN forever defend the tide m the Property agsinsc
the lawful claims of ail persons. In the event any action or proceedsrg is correrterwed that questions Grantor's titb or the interest of
Trustee or Carder under aria Deed of Trust, Grantor shsC defend the action at Grantor's expense. Grantor may ba the rtondrrsl party in
such proceeding, but Larder shah be eMitied m partidpats in the proceedng and m be represented in the prooBedirq by cotatsel of
Lender's own choice. and Grantor wN deliver, or cause m be deiruered, to lender such in$dvrnsrtts as Lender may request from time m
time to permit such pardcipstbn.
Cow Wdh Laws. Grantor warrants that the Property and Grantor's use of the Property coomp6es with aC exisdng appCcabNe laws,
ordinances, and regtdat'wns of gotrwmNtMai audtorides.
Survival of RepresartfatSorrs and Warrarrlies. AC represattatlons, warranties, and sgreernams made by Granmr in this Deed of Trust shall
survive the execution and deCvery of the Deed of Tnrst, sitefl be oonffixring h nature. and shah rernaM M fuC force and effect undl such
tittle as Grartmr's Ntddrba~tess shs8 be paid in ftdl.
IXtSTiNG tl~TEDNESS. The folbwirtg provfaiorts catoernirtg Exisstirg Indebtedness are a part of this Dead of Trust:
Existing Lien. Ths Ifen of the Deed of Tnrst secur+irrg the indebtedness may be setxtnden- and inferior to an existhtg Tien. Grantor expressly
covenants and agrees m pay. or sae m the payment ot, ffis E~nO ~ and m prevent any default on such mess, any
default under the MsUnnrterrts evidencing such Utdebtedrtess, or arty default raider arty setxuity doctxrrerrts for such htdebtedness.
No ModiRration. Grantor steep not enter into any agreernertt with the hokiw of any mortgage, deed of trust. or other security agreernentt
which has priority over this Dssd of Trust by vVtticft that agreement ~ modified, srrtanded, extended, or rertevyed without the prior written
consent of Larder. Granmr shag neither request rton accept any future advances under any such security agreement without the prior
written consent of Lender.
CONDEMNATION. The foibwing provisions relating m aoetrlemnadon prooaedhtgs are a pmt of tltls Deed of Trust:
Procaedittgs. if any proceeding in condemnation is ftled. Grantor sttaC promptly notify Larder in writing, and Grantor shah promptly take
such steps as may ~ rterassery to defend the action end obtaht the award. Granmr may be the nominal party in such proceeding, but
Lender shaC be entitled m pardr~ata M the proceerNrtg and tD be represented in the pro0aecfirtg by rmtatsel of its own choice, and Grantor
will deliver or cause to be deQverod m Lender ~Euch ingutsnertis and documentation as may ba requested by Larder from lima m lima m
permit such pardcipation_ ~ -
AppRcation of Net. Proceeds. If aC o- any part of the Property is cortderrated by etn4tertt domain proc~irtgs or by any proceedimg or
pwchase in Ceu of eortdemnationt, Larder may at its election require that aC or any portion of the net proceeds of tits award be applied m
the Indebtedness or the repair or resmration of the Property. The net proceeds of the award altaC rrrean the award after payment of ell
reasonable costa. expenses, and attomeya' fees ktcrrrrad by Trustee or Lender in corutection with .the cortdsmnation.
IMPOSITION OF TAXES. FEE.4 AND CHARt3ES tilt GOVERNMENTAL AU'iHORITIE6. The foCowing provisions reladrg m govartxrierrtd taxes,
fees and charges are a part of this Decd of Trust;
Cumrtt Taxes, fees and fem. Upon roqueat by Corder, drantor ah~ exectrse sueh donxanerm in addition m this Deed of Trust and
take whatever other action is requested by Larder m perfect and continue Lender's Cart on the Real Property. Grantor shah reimbwse
Lender for aN taxes. as dssnxtlted babes, together with aN expanses Htetsrad fn racorrCng, perfecting or oorttanri,rg ih~ Oeed of Trust,
including without Cmitation aC taxes, fees. documentary stamps, and other dtargas !or recording or rag~terirtg this Deed of Tnrst.
Taxes. The foaowirtg shy constitute taxes m whidt this section i1 } a specific tax upon this type of Deed of Tnist or upon all or
any part of the Indebtedness secte•~ by this Deed of TnnrsQ 121 s specific tax on Grantor which Grantor is sutttorFced or noauired m
deduct from payments on the Indebtedness secured by thk type of Deed of Trus>y f31 a tax on this type of Deed of Trust chargeable
agahtst the Lender or the holder of the Note: and l4) a spentliic tax on aC or a~- portion of the Mdebbechtess or on payments of principal
and interest made by Granmr.
Subsequent Taxes. ff any tax m which this aecUort appCes is enacted a~eegrnsrtt m the date of this Deed of Trust, this event shaC have
the same effect as an Event of Oefatdt. and Lander n+ay axe~se any or as of its availabis eernedies for an Event of Default ~ provided
bek-w antes Grantor eitlter lt) pays the tax before R beconnes deartgtrenL or W contests the tax ~ provided above 6t the Taxes and
Liens secdon and deposits with Lerxler cash ~ a sufficient corporate suety bond or other sectrity satisfactory m Lender.
SECURITY AGRftlRYIENT; ANANCIN(i STATEMEKrS. The foCowiltg provisions relating to this Deed of Tnist as a asarky agreement are s part
of this Deed of Tn~:
Sscnsity Agreement. This insutartent shy cor>adhrte a Security agreernertt m the extent any of the Property fvnnues, and
Larder shaC have aC of the rights of a secured party under the Urrform Comnrerdal Code as antarnded from time to tkr+e.
Security ht[at+sst. Upon request by Lerxlw, Granmr rdtaN take whatever action is requested by Lender m perfect and rxxdnue Gender's
security interest in the Kerrie and Persortai Property. M addition to reoordirrg this Desd of Trust M the reel pr~[y records, lender may. at
any time and without further authoraadort from Granmr, file executed counterparts. copies or roproductior>s of tHs Deed of Tnrst es a
financing statement. Grantmr siteC reimburse larder fnr ~ expenses incwred M porieotir>8 or oorrtirw&rg this seciaity lost. Upon
defauk, GrerKOr shag not removes, sever or detach the Personal Property from the Properly. Upon detautt, Grantor ShNI aasetrtbie any
Persona) Property not affixed t0 ttta Property M a manner and at s planes reasonably convenient m Gmrrtor acrd Lender and make it available
to Gender witltM three I3} days attar reeaipt of wNtten demand from Lender to the axbarrt pwrnltted by appCcabla few.
Addresses. The maiCng addresses of Grantor Idebtor- and Lender lsenxwed narev-'frnm vuhicF, iryrm..+¢r:,+., nn.r.e.ni.....r.e ~....n.., s,..~e.
~-- DEED- OF TRUST ~ ~ ~ ' ~ -
" Loan No: 10010014268.98 (Cpi~nflgtl~. page 4
,, FULL PBiF41tMAlIK~, M t;reninr Rays ad the Mdebte~ttiss when due. terrrrarstes the dne of cracut, and otherwise performs ag live obdgations
imposed upon Grantor eclat. this Deed of Test, Lender shag exeCtttn end del'ner to Tr~toe a rat{tlast ~. fail ruortveyartCe ~! ghgy e>teCirLe
wW deliver m Grantor eatable staffimerrts of terrclnagon Of .any 0 ataberneKrt on tde avidenoirrg Larder's security interest h the Rattle
and the Pe-sonal Property. Any rerwmreyance tee required by leW Shed be paid by Grantor, if perrrrttted by eppficabN law.
EVENTS OF t>~AULT. Each of the foNowing, at Lmlder's eptlon, eonstibrte an Event of Default under ibis Deed of Tn~t:
Payment Onfardt. Grantor fella m make any payment when due undre the irtdabtedrtasa
t~lrer MtalMca. Granter fads to rnmplir whh or to perform any other farm, obYgatiolt, covwlant or rx>rl~bion corr[ained in this Deed of Trust
or in arty of the Related Doctmerris or to compht whh a to perform any term, obdgeaon, aovw,ant or cortdidon oorttaklad in any other
agreement between Lender and Grantor.
Cotce Defatdt. Faihxa to comply with any other term, obdgatbn, covenant or won contained in thin Deed of Trust, the Note or in
arty of the Related Docatrerta.
Dstarrit on Otltsr Payrrranta. Fedrrre of Grantor wittlin lire time required by this Deed of Trust m make any payment for taxes or insurance,
or any other payment necessary m prevent ~g of or to affect urge of any Yen.
Fake Statenrsrrts. Any warrarty, represer~on or stetterrrerrt made or farr~trsd to Lender by Grantor or on Grantor's behalf under this
tad of Trust or the Related Documents is false of misleading in arty material respect, either now a at the time made or ftsrdshed or
becomes false a misleading at any time thereafter.
Defective Codeteraizatiorr. Tide Deed of Tnist or any of the ttelated Documents ceases m be in fad force and effect (including fdkrce Of
any collateral document m create a valid and perfected serxxity irroerest or dent at ariy time and for any reason.
17eath or insolvency. The dissolution of Grantor's ( of whether election m continua k made), any member witltdraws from the
limited liabidtl- company. or w,y other temunatbn of Grantor's existence as a going business or the death of arty member. the insolvency of
Grantor, the appointment of a receiver for any part of Grantor's property, eryr asaigrxrrenl for the benefit of credoors, arty type Of creditor
workout, or the c+o~mmencwrlwlt of any proceeding under arty bankruptcy or agency lays by or ag~tst Grantor.
Cradtor or Forfabure Prooesdir~. Commencement of faedosae or forfeiture prooee~ngs, whatlrer by procxedng, self-help,
repossession or any other method, by arty creditor of Grantor or by wry govenurlental agency against any propwty securing the
Indebtedness. Tt>~ includes a gamisixnent of any of Grantor's acrxxxlts, includng deposit accolsrts, with lendrx. However. the Event of
Default shag not apply tf there is a good faith dispute by Grantor as to the vaddity or of the dean which is the basis of the
creditor or forfeiture proceeding and if Grantor given Lender written notice of the creditor or forfeinrre proceeding and deposits with Lender
manias or a sanely bond for the creditor or forfeittae procesd&lg, fi an amoart determined by Lender, kt its sole discretion, as being an
adequate reserve or bond for the dispute.
Breach of Dtlrsr Agrearrsnt. Any breach by Grantor under the terrrls of any other agrewnent between Grantor and Larder that is not
remedied within arty grace period provided tilweir-, indrrdirrg witlrout limitation wry agreement oorrcwnalg any indebtedness or other
obligation of Grertmr m Lender, whethw existatg now or later.
Events Affactirrg Gtrararrtor. Arty of the precedng events oaxrs with respect to any Guarwr4or of erry of the ~ or any
Guarantor dies or becomes inrmmpetent, or revokes or clsputes the vaRdty of, or dabdity under, any Guaranty of the ~. In the
event of a death. Lender, at its option, may, but shad not be required m. permit the Guwwrtor's estate to assume unoordttionetly the
obRgatione arising under lire gtrsrarrty in a rrrannsr satisfactory m Lender,. and, in doing ~. cure arty Evetrc oP Default.
Adverse Clrwlgo. A malaria) adverse occurs M Grantor's iklancial cord'rtion, or Lender begeves the-prospect of payment or
performance of the ind~tedness is impahed.
inserxrrity. Lender in good faith bedeves itself insecure.
Existing aldsbtsdnasa. The payment of any alsta~nent of pralapd a arty <erest on the Existlrtg kldebtedrwss ~ not made within the time
required by the promissory note evidencing such aldebtedtless, ~ a default ocaws carder the instrrrrnwrt serxaalg such ~ and is
the c ~~ g any aPP~e~ t~ t~pd In suds insutarrertt, of any suit or other action is corrtrnsrtced m foradoas wry existing lien on
Right to Cure. if arty default, other than a defaulE in paynlertt is rxirable and. # Grantor has not bean given a notice of a breach of the same
provision of this Coed of Tns:t wtthM the preced'erg iwehre (72} morrd~s, it may be cured if Grantor, after reC~ving written notice from
Lender dernarrding cure of such defatdt: t1} the default within fifteen (t!y days: or t2) if the cure rerprires more thwr fifteen (15}
days. inunedaiely initiates steps which Lerxier,deems tn. Lender's. sole,discretion m be sufficient to cure the default card thereafter
continues and corryrietes ap reasonable and necessary etePs sufficient m produce canpdance as soon as reasonably practical.
RIGHTS AND R®II~IES tNl DEFAULT. If an Event of Defardl occurs undw this (wed of Trust. at any time thereafter. Trustee or Lender may
axerctae any one or mo-e of the fodowhtg rights and remedies;
Notice of Default. {n the Event of t)efarrit tender shag eraecute or cause tile. Trustee m axewte a written notice of such defauh and of
tender's election m cause the Property m be sold >s satlsfy the Indebtednwss, ~d shad cause such notice m be recorded in the office of
the recorder of each county wherein tits R~1 Property, or airy part thereof, is situeiJed. .
EModon of Rernediss. Election by Lander m pursue any remedy sheN not exclude punt of any othw remedy, card an election m make
expenditures or to take action to perform an obdgeNon of Grantor ardor t13a Daed of Test, after Grantor s fadtse m perform, shad not
affect Lender's right to dedaro a default and erosrcise Its remedies.
Accelerate krdsbtsdrress. Lender shag have the right at its option vritlwut notice'to Grantor to dedaro the errWre Indebtedness. immediately
due and payabb, Mrkrdalg ~ Prepayment PAY whidl ~Grwltor would be required m Pay.
Foredosttre. With respect m ad or arty Bart of the Real Property, the Trustee shed have the right m foreclose by notirx and sale, and
tender shau have the riatx m fooolose by jud'ioid foreclosure, M either case m accordance with card m the fad extent provided by
applicable law.
- UCC Remedies. With respect to alt or any part of the. Peraonel Property, tender shad Have ad the rights and remedies of a secteed parry
under the Unirorra Commercisi Coda.
Collect Rartts. Larder shad have the rigtrt, vrdhout notice to Grantor .to ~taks possession of std manage the Property and collect the Rents.
including amounts past clue and unpaid, card apply the net Proceeds, carer and ;above Lender's Costs,
against the Indebtedness. (n
furtherance of this right. Ler-dw rosy require any tenant ~ other user of the to make. psymsnts of rant w use Tess directly to
Lender. >f the Rents are collected by Lender, then Grantor irrevocably desig Larder as Grantor's attorney-in-fact to wxlorce
instrumerts received in payment thereof in the narrre of Grarttor and m rtegotiata the and collect the proceeds. Payments by tenants
ar other avers m tender in response to Lender's demand shad satisfy-the obdgations wtriclt the payments are made, whetiMer or not any
proper grounds for the demand existed. Leader miry exErdse its rights under the ntph either in person, by agent, or ttvourrh a
rPekivvr
` ~ DEED OF TRUST
~ tio: ~oo~oo~a2se9e (Continued) ~e 5
a ~
any 6116 Of the Real Property.
Sale of the Property. To the extent permitted b'Y applicable law, Grammr hereby waives any and ell rights m have the Property rrtprahaNed.
In exen:istrKy its ri~W and remadiae, the Tnretae or lender shy be free m sea all or arty part of the PiCpetty tog~tet nt >l91>~8~y.111 tN18
sale or by seperete salmi. lender shag be emitled m bid at arty public sale on all or arty portion of the Property. Notice of safe havktg been
given as then rvgtdr6d by law. and not less then the tlrne required by law having elapsed. Trustw, witlaut demand on Cirentor, shag sea
the property a[ the dine ttnd ~aea fixed by h h1 the notice of sob at public auction m the highest bidder for cash to lawful morrey of the
united States. payable at time of gain. Tnratne shell deliver m the purchaser-iris or her deed rxenreyitg the Property so sold. but without
any covenant or warranty express or irtPBed. The recitals 6- each deed of any matters or facts shall be cortdusive proof of the truthfulness
of such matters or facts. After deducting ~ costs, fees arrd expenses of Trustee artd of this Trust, inducBrtg cost of avidet>re of title and
reasonable ettomeys' fees, including those ~ corrtectbrt with the sale. Trustee shell apply prota~ of sob m payment of tai rA sums
expended under tlris Deed of Trost, r-ot then repaid-with interest thereon as provided fn the Deed of Trtnt: pa! ~ Irtdebntdrteas secured
hereby: and tc! the remainder, if any. to the-person or persons IegaNy entitled thereto. ~'
Attomays' teas: Earpstaas. if Lender institutes any suit a action m enforce arty of the terms of this Deed of Trust. lender shall be entitled
to recover such Burn as the court may adjudge reasortabia as attorneys' fees at trial and upon arry appeal. Whetlter or not any corer action
is involved, and m ttte extent not prohibited by law, all raeaortabie expenses Lerxier francs that in Lender's opinion are neoesaary at any
time for the praEaction of its irttsrest or the snforr.'errtertt of its rigitta ~ become s part of the itdebtedness payable on danand and shall
bear interest at the Note rate from the date of the expenditree ~ repaid. Experrsea covered by tNs paragraph iw:krds, without BenttatlaL
however subject m any Brtrits under applicable law, Lender's reasorteble attorneys' fees aril Lender's ~ expenses whether or not there fs
a lawsuit, incltxTing reasonable attorneys' fees and expenses for banlutrpttty proosadirt~ litckrdn9 efforts tD modify Or vacate any
automatic stay ~ injtetctiort), appeal, and any antkripsted frost-judgmwtt coNection services. the cwt of g records, obtairdng title
reports tindudirtg forecbstue reports!, surveyors' reports, and appraisal tees, title insreanos, and fees for the Trt, m the extent
permuted by aPPliaable law. Grantor also wN pay any hurt costs. bf addition to ell other sums provided by law.
Rights of Trusty. Trustee ahaB have all of the rights and duties of l endw as sat fartti in rtes asctbn.
POYVERS AND OBLIGATIONS ~ TRUSTEE. The foBowitg provisions relating m the powers artd obBgetlons of Trustee ere pert of this Dead of
Trust:
Powers of Trratitee. In addition m all powers of Tnntee arisbtg as a matter of bw, Trustee shah have the power m take the following
actions with respect to the Property talon the written request of Lender and Grentor. lay join in preparing and a map or plat of the
Real Property, including the dedication of streets or other rights m the public: Ibl join M granting ant/ easemertt or creating any restriction
an the Real Pr~erty; and Ic! join in any subordination or other agreement affecting this Deed of Trust or the interest of Lender under this
Deed of Trust.
ObBgationc to Notify. Tntstee shall not be obBgatad m ratify any other party of a pending sale carder any other trust deed or Ben. or of any
action or proceeding in which Grerrta. Lender, or Trustee shall be a party, unless the aclidn or prorx~ng ~ brought by Tnntes_
Trustee. Trtwtee sttaB rrreet aR quaBfiCatlons required for Trustee under applcable law. ,bt addition tD the rights end remedies set forth
atwve, with respect m all or any pert of the Property, the Ttvstee shag have the right m forerose by notice card sate, card Lender shall have
the right m foreclose by Jt~dal foreclosure, in either case in accordance with and to the ftril extent provided by applcable taw.
Succasaor Tnrstes. Lender. sit t.ettdsr's option, may from time m tine appoint a succasaor Trt~tae to any Trustee appointed under this
Deed of Trust by an irstrunteM exerxrtad arrd acknowledged by Lender and recoMed in the office of the recoMer of Ada Canty. State of
Idaho. The instrument ahaB cotttaht, In addition. m ~ oUtsr matters required by state law, the names of the origktaf Lender. Tnrstee, and
Grantor. the book and page where this Deed of Trust is recorded. and the narta and address of the snag trustee, and the instrument
shop be ~ executed and acknowledged by lertde~" or'its strccessara in itteresK. The ts<aooeasor tnaztee. without eanveyance of the Property,
shall succeed m aq the title, power. and duties ranferred upon the Truster In this Deed of Trust and by app6cabta taw. This procedure for
substitution of Trt~ee shell govern m the exchrsion of all other provisiais far ~stitutlon.
NOTICES. Any relics required m be ghrat under ttris Deed of Trust itcitrditg without Brrritation any ratios of default acid any notice of sale
Snag be glvert to writlrtg, and shag be effective rotten actually deBvarad, when acousBy received by tsisfar~&r>Be ltedeas otherwise regaled by
taro!. when deposited with a nationally reoognbed ovenright courier, or, if rrnailsd, when deposited in the Unfond States mall, as first class,
certified or registered mall pa+stage prepaid, diecmd m the addresses shown t»r fire begnnring of this Deal of Trust. AB of notices of
fonroclosnee from the holler of any Bwt whkh has priority over this Deed of Toast shall be sent m Lertder'S address. as shown new the beginning
of this Dead of Trost. Any party may cltartge ifs address for notices txtder this Deed of Trust by ghrilg formal writtat notice m the other
parties, specifying that the purpose of the notice is to the party's address. For nonce proposes. Grantor agrees m keep Lender informed
at all tirttes of Grantor's rxrrrertt eddnrss. Unless otherwise provided or required by law, if there is moos then one Granmr, arty notice given by
lender m any Granmr is deemed m be ratloe given m all Grantore.
MISt"+ELLANEOUS PROVISIONS. The following misc:eNaneous provkioras are-a part of this Deed of Trust:
Arrrsnd Ttris Dead of Trust, together with any Related Doctnaants, caaliurtas ttfe entire iuaderataeb6tg and agreement of tine pactlea
as m the matters set forth in this Deed of Trtazt. Nlo aloeratlon of o- entertdrrtertt to this Deed of Trust sha8 be effective unless given M
writing and signed by the party or parties sough m be or bound by the dtsratlan or amendment.
Aranual Reports. if ttte Property ~ used tot pteposes other than Grantor's residence, Grantor shah famish m lender, upon request, a
certified sta0emettt of net operating itcoma received from ttts Property during Granta~'s previous ttscal year in such form and detail as
Lender shy require. 'Net operating income" shell rrleart all cash receipts from rite Property less all cash sacpertrtltttres made it oonrteotion
with the operation of the Property.
Caption H~dat~. Caption tteaditge in tfris Deed of Tnrst errs for tarrv6r>ierae purposes only and are not trt be used tD interpret or define
the provisions of this Deed of Test.
Merger. There shah be rx~ merger of the intwest or estate created by this Deed of Trost with arty other ittarest or estate it the Property at
any time Held by err for the taenefit of Lender it any capacity, without the writmn cant of Lender.
Governing Law. This Deed of Trust tai tae govarrtsd lay federal taw app6oabM tb I.ertdsr and. to thr exssru rat preempted by federal law,
ttn. taw: of the Stets of kWito witltout regard m ~ of faro pravtsiona. This Deed of Tttl:t Etas been soapted by lender in tits
state of W.Iro.
choice of venue. ff there is a lawsuit, Grantor agrees upon Lender's request m submh to the wort of the raters of CANYON Country,
State of Idaho.
No Waiver bt- iender. Lender shell not be deemed m have waived sty rights rxtder tlds Deed of Trust unless such waiver is given in writing
and signed by Lender. No delay or omisebn on the pert of Lander to exercising any right ~eB operete es a waiver of such rigtrt or any
other right. A waiver by Lender of a rrmv6einn of this nnwrl of 7n act chap rot n.e6urrN,.s n~ M~Mre.a.....-:..~....s ~ e^.+e-'~ ^^rK ^.+.~^..s~o'^
DEED OF TRUST
Loa7rl No: 7001001426898 1COttt-~1~!®d~`
__ - Page 6
Waiver of Homestead Exerlyllion. Grantor hereby rs and waivers sN rights and benefits of flea homestead exsrnptipn IaWB Of the State
of Idaho es to eN indebtedness securod by this peed of Trust.
DEFINITlO1NS. The fol~winp capitafaed words and terms shell have the foNowitg meaner .wher-' used ~ tMs Deed of TrNt. Unless
specficaNy stated to the contrary. aN rofereno~ m dollar' atnoratb aF+eN mew srrroterts in IawfW money of the lkdted States of Anlertea. Words
anti terms used in the singular shah include the pitxei. and the trirual si>~ include the sklgtNer,.as the context may require. Wotds and terlna not
otherwise defir-ed in this Deed of Trust shaft have the meerlbtpn attnbuted to such terms In the Uniiorrrr Commercial Code:
Banenr~/. The word "8er-efiCiwy" mewls HOme Federal Bank. , and its sucoesaora end essr8rlS.
Borrower. The Word- "BOROWar" means Twxmmi trnpsttnwtte, LLC and includes all w-signers seed co-rnakera signing the Note end aN their
aucceasors and assigns.
Deed of Trust. The words "Deed of Trust" mean this peed of Trust arrwrtg Grantor, Lender, and Tnrstse, seed krokrdes witlwut Nmitation all
assignment and security interest provisions relat&rg to the Personal Property and Rwros.
t)eferdt. The word `DefaWC means the Default sat-fortlt h this Deed of Trust to the seCtbn titled 'Defatrit'.
F.nvironmwrmi Laws. The words 'Enrimnmentei_-Laws' mean wry Ord ail. state, federal and Iocal statlrtas, regulations and ordinances
relating to the protection of human treattlt or the envirorrnent, including without Nmitetton the Compretrermlve Environmengi Response,
Compensation. and LisbNity Act of 1980, ~ amended, 42 U.S.C. Section 9801, et seq. ("CEACLA"1, the Superhstd Amendments end
Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARAry, the Hazardous Materials Trwreportation Act, 49 U.S.C. Secton 1801, Bt seq.,
the Resource Conservation and Recovery Act, 42 U.S.C. Secdon 6901, et seq„ or other applicable state ~ federel laws, rules, or
regulations adopted pursuant thereto:
Event of Dsferdt. The worts 'Event of OefauiC" mean wry of the events of defwdt set forth in this Deed of Tnwt &t the events of default
section of this .Deed of Trust.
Indebtedness. The words 'Existkrg ice" mean the ~ in the Existbeg Liens provision of this Deed of
Trust.
Grwrtor. The worn 'Grantor" means Tsunami imresi<rrerrts, LLC.
Guarwrtor. The word "Guarantor" means any grrwarrtor, surety, or accommodation party of any or all of the tr~btedness.
Guarwrty. The word "Guaranty' rrrearrs the guarwtty from Grrerentor to Leader, including whhout limitation a guwwrty of aN or-part of the
Note.
fiazardoru Srdrstwlces. The words 'Hazardous Substances" mean rrrateriaie that,. because of their quantity. concentratlon or physical,
chemical or infectious characteristics. may caress or pose a .preawtt or potential hazard m hutrran health or the environment when
improperly used, treated, stored, disposed of, gwreratad, rrrarrrrfacwred, trerrsported or otherwise handfed. The- worms "Hazardous
Suitstantws" are used in itrclr very broadest sense and include withwrt Nmitation any and aN hazardous or m~dc substwrces, materials or
waste ss defined by or listed carder the Environrrrwrtai laws. The term "Hazardous St~stwtces' also tradrrdes, without ~r~tion, petroleum
and petroleum bY-Products or any fraction thereof card asbestos,
hrquovemonts. The word •frrrprovamerrts" means aN existing and futtue errprovwrrerrts.
Reai, Property, far~tles, additlorrs, ~ seed other f:ocetrrrctiorr on the Real ~ striwtrses, mobde homes efRxed on the
Indebtedness. The word "Indebtedness" means aN principal, interest, and- other amounts, costs and expenses i>eYable urtdar the Note or
Related Doctxnents, together with aN renewals of, extensions of, rnodificatione of, rmrrsoNdat+ons of and subsdtudons for the Note or
Related Documents and any amorxrts expanded or advanced by Lender to ~echwge Grantor's obiigetlons Or. expenses Nrcurred by Trustee
or Lender to enforce Grantor's obNgatiorra under ttds Deed of Trust, togetlt~ with intwest on such amounts as provided in this Deed of
Trust. Specifically, without Nmitatbn, Indebtedness inchrdes aft anraurts that may bs indirectly secured by the Cross-Cotlateralizetion
provision of this Heed of Trust.
Lander. The word "Lender' means Home Federal Sank ,its sutxwssors and assigns_
Note. The Wort "Note" means flee promissory note deted'Oetober 3, 2007, i3t the origins pr~t0ipal 8r1101H1t Of $199,640.00
from Grantor to Lender. togetlrer with aq renewaN of, extensions of, ~ of, refirte.tcirrge of, conaoNdatiorrs of, and srrbstlwtlons
~~t Pr ~ vorY ~ maturity date of tiNa Daed of. Tnrst is Febntary 3, 2018. NOTK;E TO QRANTOR: THE NOTE
Personal Property. The words "Peraonsi Property" mean dl equiprrrent, fottlrres, and other articles of personal property now or hsroa#ter
awned by Grantor, and now or hereafter attached or affboed to flee Reat Property; togstlrsr with aN acce:siorrs, parts, and ad~tiona to, all
repiacenlerrts of, and a8 sutrstitutiorts for, any of such property: and together with aN prorxieds
proceeds and refunds of prwrrilrrrsl from eery sale or other rNsposition of the 9 without ~rrftetion ~ insurance
Ae'op°rtY-
Property. The word "Property" means coNectlvely the Rent ~pertY arxl the Personal Propeity
Rem PropeRy. The words "Real-Property" mean the recl propwty, interests end rkihtg, es ftrttller described in this Deed.of Trust.
Related Doaarrarrts. The words 'Related Doctenertts" mewr aN promissory notes, credit agreerrrertts, loan agreemwrq, envirorvnentai
agreements, guarentfes, security agreerrems, ntortgegas, deeds of trust, security deeds, coNatersl
mortgages, end aN ottfer irrstrtarrerrts,
agreemer>is and documents, whether now or hereafter existing, executed hr carnectiort with the Indebtedness.
Rents. The word 'Rents" means aN present and f+mrro routs. , kreorr-e, i8str8a, royalties, profits, card other berreflts derived from
the Property.
Tnrstae. The word "Trtwtee" mearw TitleOrre Corporatlon, .whose address is 1101 W. River Street, Boise, fD 83702 and any substitute or
successor trustees.
t3RANTOIi ACKNOWLEDGES HAVtNCi READ ALL THE PR01tIS10NS ~ THIS DIED OF TRUST, AND GiIAIIfTOR AGREN:S TO ITS Tt9t11AS.
GRANTOR:
TsuNariNl l~n-ESTlul~rs, uc
V1- orrow, M of Tsurwlri
hrveatmwrts, uc
' , DEED OF TRUST
loan No: 10Q1007426898 (COrlfinued) Page 7 ,.
~.
LIMITED LIA~LITY COMPANY ACKNOWLEDGMENT
STATE OF ~,f a' a
/~ )SS
CQUIIt'TY OF _ C.. w f
On this ~~ day of ~c ~e ~1 mss' , in the year 20 D , .before rt~a pro /. ~¢~asr~Z
a rwtary public M and for the Stale of Idaho. personeNy appeared Walter W. Nlo . Mem sr of
Tsunami InvesbrrarMS, LLC, (mown or iderniried to me for proved to me on the oath of 1, to be one of
the members or designated agents in the ~i0ed ~abiNty company of Tsurwrri . LLC, and the ntsrnber or designated agent or one of
the members or designated ager><s who subscribed said limited liability company Hama to the iwe9oing ~strtanent, end acknowledged to rrne
that he or sfie axe a e-taama ' said ' ty company name.
~i~
at~Pubtic fo~da o ~ ~~ .~
~~
My corrurassion ~ -a '~ - ~ 3 ~e'~~®~•('[ Y'~'~
.~
i _~- s
~?iPU6l.iL:~~ ,
REQUEST FOR FULL f~F1~;NCE
(To be used only when obligations t~lUi~ paid in futli
To: . Tnrstae
Tha d is the legal owner and holler of aN indebeadnass secured by this Deed of Trust_ Ap awns sewred by this Deed of Trust have
been fufly paid and satisfied. You are hereby directed, upon payment to you of arty arena owMg to you under the terms of this Deed of Trost or
pursuant to any appticabb statute. to cancel the Note secured by this Deed of Tnazt (which is delivered to you together with thk Deed of Trusti,
anti to reconvsy, without warranty, m the parties designated by the terms of this Deed of Tn~t, the tam now held by you order tlUs Dead of
Trust. Please maq the raCOnveyance and Related Docunbms to:
~ . ~:
i~
Its:
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