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HomeMy WebLinkAboutR-1991-D5876 Quit Claim Deed / YWCA• • RESOLUTION NO. D' 5876 -_A--RESOLUTION authorizing the Mayor to executed a quit claim deed conveying certain real estate to the Young Women's Christian Association upon execution by the YWCA of a Mortgage in favor of the City of Yakima. WHEREAS, on June 27, 1979, the City of Yakima executed a Statutory Warranty Deed in favor of the Young Women's Chris- tian Association, Inc. to the following described real estate situated in the City of Yakima, County of Yakima, State of Washington: Lot 4, Block 77, Town of North Yakima, now Yakima, Washington, according to the official plat thereof recorded in Volume "A" of Plats, page 10, and re-recorded in Volume "E" of Plats, page 1, records of Yakima County, Washington. WHEREAS, this certain Deed reserved to the City a possi- bility of reverter, such interest vesting upon the breach of one of the following conditions: 1. That the Young Women's Christian Association shall, at all times, adequately maintain and care for the described property. 2. That the YWCA shall pay all property taxes and assessments whatsoever against the described property before delinquency. 3. That the YWCA shall use the described property only as a temporary shelter for victims and their dependents of physical, domestic violence. 4. The YWCA shall maintain, at all times, in full force and effect a policy of fire insurance in an amount adequate to cover the loss of the described property. (Res/YWCA) Page 1 5. That the YWCA shall not convey the described property without the prior written consent of the City Council of the City of Yakima. In the event the YWCA sells the des- cribed property, $32,000 from the proceeds of that sale shall be paid to the City of Yakima by the YWCA. 6. The YWCA shall not mortgage or otherwise encumber the described property beyond $13,000; and WHEREAS, the above listed conditions were imposed to secure repayment of a Community Development Block Grant (CDBG) used to acquire and rehabilitate a shelter for battered women and children; and WHEREAS, the YWCA has purchased a new, larger shelter and plans to operate said shelter under the aforementioned re- strictions; and WHEREAS, the YWCA has sold the existing shelter property and will require the proceeds from the sale to repair the new shelter; and, WHEREAS, the YWCA desires to clear the title of the above property so as to convey title free and clear of all restrictions; and, WHEREAS, the parties agree that the YWCA shall grant to the City an interest in the new shelter created by the at- tached and incorporated Mortgage; and WHEREAS, the parties agree that such Mortgage shall include restrictions upon the use of the new shelter which are the same restrictions as contained in the reverter clause of the aforementioned Deed, now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: The Mayor and the City Clerk are hereby, authorized and directed to execute and file the attached and incorporated Quit Claim Deed upon execution and delivery of the attached and incorporated Mortgage agreement by the YWCA. The City Clerk is further authorized and directed to file the attached and incorporated Mortgage agreement by the YWCA. • (Res/YWCA) Page • • • ADOPTED BY THE CITY COUNCIL this 19th day of February 1991. ATTEST: City Clerk (Res/YWCA) Page 3 Mayor • • MORTGAGE The Mortgagor, the Young Women's Christian Association, a Washington non-profit corporation, whose address is 15 North Naches, City of Yakima, County of Yakima, State of Washington, mortgages to the City of Yakima, a municipal corporation, organized under the laws of the State of Washington whose address is 129 North Second Street, City of Yakima, County of Yakima, State of Washington to secure the payment of a Community Development Block Grant in the amount of Thirty -Two Thousand Dollars ($32,000.00) the following described real estate located in Yakima County, Washing- ton: PARCEL A The North 70 feet of the South 368.5 feet of the East 140 feet of Tract 41 of LEWIS TERRY GARDEN TRACTS, according to the official plat thereof recorded in Volume "A" of Plats, page 58, records of Yakima County, Washington. PARCEL B The North 70 feet of the South 438.5 feet of the East 140 feet of Tract 41 of LEWIS TERRY GARDEN TRACTS, according to the official plat thereof recorded in Volume "A" of Plats, page 58, records of Yakima County, Washington. TOGETHER WITH all water rights and all improve- ments now or hereinafter erected on the proper- ty and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or hereafter a part of the proper- ty. Mortgagor covenants that Mortgagor is lawfully seised of this estate hereinabove described and has the right to grant and convey the property and that the property is unencumbered, except for encumbrances of record. Mortgagor warrants and will defend gener- Mortgage Page 1 OFFICIAL RECORDS Vol 1318 1345 • • 'ally the title to the property against all claims and demands, subject to any encumbrances of record. Mortgagor and Mortgagee covenant and agree as follows: 1. Payment of Principle. Mortgagor shall promptly pay, when due, the principle on the heretofore described debt. The entire amount unpaid and owing shall be due and payable upon the breach of any one or more covenants or conditions contained in paragraphs 2, 3, 4, 5 and 6. 2. Payment Upon Sale. Mortgagor shall not convey the des- cribed property without the prior written consent of the City Council of the City of Yakima. In the event Mortgagor sells the described property, Thirty -Two Thousand Dollars ($32,000.00) from the proceeds of that sale shall be paid to the City of Yakima by the Mortgagor. 3. Charges/Liens. Mortgagor shall pay all property taxes, assessments, charges, fines and impositions attributable to the property that may attain priority over this Mortgage, and leasehold payments or ground rents, if any. Mortgagor shall not, unless otherwise provided in this docu- ment, mortgage or otherwise encumber the desired property beyond $13,000. Mortgagor shall promptly discharge any lien that has priority over this Mortgage unless Mortgagor: A. Agrees in writing to the payment of the obligation se- cured by the lien in a manner acceptable to the Mortgagee. B. Contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which, in the Mort- gagee's opinion, operate to prevent the enforcement of the lien or foreclosure of any part of the property; or C. Secures from the holder of the lien an agreement satis- factory to Mortgagee subordinating the lien to this Mortgage. If Mortgagor determines that any part of the property is subject to a Mortgage Page 2 VOL 1318 1346 1 • 'lien that may attain priority over this Mortgage, Mortgagee may give Mortgagor a notice identifying the lien. Mortgagor shall satisfy the lien or take one or more of the actions set forth above within ten (10) days of the giving of such notice. 4. Insurance. Mortgagor shall maintain, at all times, in full force and effect, a policy of fire insurance in an amount adequate to cover the loss of the before described property. 5. Preservation and Maintenance of the Property. Mortgagor shall, at all times, adequately maintain and care for the described property. 6. Use of the Property. Mortgagor shall use the described property only as a temporary shelter for the victims and their dependents of physical domestic violence. 7. Remedies. Upon breach of any of the covenants or agree- ments in this Mortgage, Mortgagee may commence foreclosure subject to the Mortgagor's right of redemption. Time is of the essence hereof, and if default is made in the payment of any of the sums hereby secured or in the performance of any of the covenants or agreements herein contained, the indebtedness hereby secured shall at theelection of Mortgagee become immediately due without notice and this Mortgage may be foreclosed. On bringing action to fore- close this Mortgage or at any time that such proceeding is pending, Mortgagee, without notice, may apply for and secure the appointment of a receiver for the mortgaged property or any part thereof, and the income, rents, and profits therefrom. Mortgagor hereby con- sents that in any action brought to foreclose this Mortgage, a deficiency judgment may be taken for any balance of debt remaining after the application of the proceeds of the mortgaged property. 8. Costs and Attorney Fees. In any action brought to en- force this agreement, including a foreclosure action, the pre- vailing party shall be entitled to recover all costs and a reason- able attorney fee from the non -prevailing party, or from the proceeds of a judicial foreclosure sale. 9. Forbearance by Mortgagee Not a Waiver. Extension or modification of the time for payment of the sums secured by this Mortgage Page 3 Vol 1318 1347 • • 'Mortgage granted by Mortgagee to any successor in interest of Mortgagor shall not operate to release the liability of the origi- nal Mortgagor or Mortgagor's successors in interest. Mortgagee shall not be required to commence proceedings against Mortgagor or Mortgagor's successor in interest or refuse to extend, or otherwise modify, time for payment of the sums secured by this Mortgage by reason of any demand made by Mortgagor or Mortgagor's successors in interest. Any forbearance by Mortgagor in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. By signing below Mortgagor and Mortgagee accept and agree to the terms and covenants contained in this Mortgage. EXECUTED this c,8(7 day of , 1991 in the City of Yakima, Washington. CITY CONTRACT NO. . ' 7 / 3 - 5 8-7 !� STATE OF WASHINGTON) ss. County of Yakima ) CITY OF YAKIMA CAoce- M yor YOUNG WOMEN'S CHRISTIAN ASSOCIATION,' a Washingto non-profit Corporation On this cOli day of 7.7:e , 1991, before me d KAREN ROBERTS, to me known to be the Mayor and City Clerk, respe`btively, of the City of Yaki- ma, the municipal corporation that executed the within and fore- going instrument, and acknowledged the said instrument to be the personally appeared PATRICIA BERNDT Mortgage Page 4 vol 1318 1348 • • 'free and voluntary act and deed of said corporation, for the `uses and purposes therein mentioned, and on oath stated that they are authorized to execute said instrument and that the seal affixed is the corporate seal of said municipal corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate above written. . 4r20 1, " 4? ���Ki' 14 • Lill STATE OF WASHINGTON) ss. County of Yakima ) NOTARY PUBLIC i'n end for the State of Washington, My commission e residing at Y k' xpires: A On this /'day of 1991, before me personally appeared ar�d and respectively, of the Young Women's Christian Association, the corporation that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that they are authorized to execute said instrument and that the seal affixed is the corporate seal of said municipal corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate above ��w itten. to me known to be the---------- Mortgage ----,,n s', NOTA'Y PUBLIC in and,t of Washington, residing iia:�i My commission expires: `y �;4 `y�j��, ,. ,<<r i `4: 1 kt 6ti ! M jA F O U N' J i i 1 ILL: L. E3'4,„7„74 MAR 8 !O28All e9I Mortgage Page 5 c e-ittca - i 7 B E T AUDITOR voL 1318 1349 • • QUIT CLAIM DEED THE GRANTOR, CITY OF YAKIMA, Washington, a municipal corpora- tion, for and in consideration of the execution of a Mortgage to property located in the City of Yakima in hand paid conveys, and quit claims to the YOUNG WOMEN's CHRISTIAN ASSOCIATION, INC., a Washington non-profit corporation, the following described real estate, situate in the City of Yakima, County of Yakima, State of Washington: Lot 4, Block 77, Town of North Yakima, now Yakima, Washington, according to the official plat thereof recorded in Volume "A" of Plats, page 10 and re-recorded in Volume "E" of Plats, page 1, records of Yakima County, Washington. SUBJECT TO the following exceptions: A Deed of Trust dated August 18, 1970, to secure the payment of $19,800 and interest, and any addi- tional advances, recorded August 26, 1970, in Volume 777, under Yakima County Auditor's File No. 2229172, records of Yakima County, Washing- ton, executed by Spring Acres, Inc., a Washing- ton corporation, to Transamerica Title Insurance Company, as Trustee, for the benefit of Yakima Federal Savings & Loan Association of Yakima, Washington, a corporation, Beneficiary, which the Grantee assumes and agrees to pay, and Pendency of Yakima County Superior Court Cause No. 77-2-01484, being an action for the purpose of securing judgment adjudicating and deter- mining the relative rights to the diversion and use of the surface waters of the Yakima River Drainage Basin. Lis Pendens recorded October 14, 1977, under Auditor's File No. 2479271. DATED this o2 �' day of ��-bY' 1991 . CITY OF YAKIMA A Municipal Corporation By: (ate /,/ Mayor Attest: • City Clerk (Misc/Deed.YWC) -1- . STATE OF WASHINGTON) ss. • • County of Yakima On this j7 day of 1-77 Ptta , 1991, before me personally appearedpPATRICIA BERND' and KAREN ROBERTS, to me known to be the Mayor and City Clerk, respectively, of the City of Yakima, the municipal corporation that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath stated that they are authorized to execute said instrument and that the seal affixed is the corporate seal of said municipal corporation. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate above written. NOTARY PUBLIC for the State of Washington, residing at Yk,pg1. , My commission expires: 01� �f /C� (Misc/Deed.YWC) -2-