HomeMy WebLinkAbout1984-049 Trust Deed - Billa WI TNESSE TH:
Grantor irrevocably grants, bargains, sells and conveys to trustee in trust, with power of sale, the property
in ...... ~g~9~ .................................... County, Oregon, described as: Beginning at the ~rtheasterly corner of
Lot 13~ Block "A"~ RA~L~AD ~[TZON, to the City of Ashland, Jackson ~unty, Oregon; thence Southwesterly,
along the ~ester[y side t~ne of atley to the Southeast corner of Lot 14, sa~d block; thence Northwesterly,
atong the Southerly s/de tlne of said Lot 14, a distance of 50 feet; thence Northeasterty, paratlet to First
Street, 50 feet, to alley: thence Southeasterly, along the Southerly slde tine of alley, between First
Street and Second Street, 50 feet, to the ~int of begJnntng, belng the Easterly 50 feet of said Lots 13
and 14, in Block "A", RAIL~ ADDZT~ON, to sa~d C~ty of Ashland.
FOR THE PURPOSE OF SECURING PERFORMANCE of each agreement et grantor herein contained and payment et the
sum et two thousand, slx hundred ~ighty dollars ~d fifty-six cents ' ~
herein, shall become immediately due and payable.
destroyed ther~n, and pay when due all costs incurred theretor, be conclusive proof of the truthtulness thereot. Trustee's tees toy any et the
lions and restrictions attectlng said property'; it the beneficiary so requests, to 10 Upon any detault by grantor hereunder, beneficiary may at any
clary upon any indebtedness secured hereby and in such order as beneilciary
may determine, or at option et b~netic[arF the entire amount so collected, or
any part thereof, may be released to grantor..Such application or release shall
not cure or *~aive any d~tault or rlotlce et delault hereunder or invalidate any
act done pursuant to such ~tice.
5. To keep ~id premises Ieee Item construction lens and to pay all
taxes, assessments and other charges that may be levied or assessed upon or
a~alnst said property be/ore any part el such ta~es, assessments and other
charges become past due or delinquent and promptly dei~ver receipts theretor
to henellciary; shouhl the ~.rantor lail to m.lhe payment el any tales, assess-
ments, insurance premiums, liens or other charges payable by ~rantor, either
by direct pay~ent or by prov~din~ benel~ciar~ with lunds with which to
make such payment, benol~clarg may, al its opt~n, make payment thereot,
~nd Ihe amount ~o paid, with imlerest at ~he rate s~t teeth in th~ not~ secured
hereby, to~ether aith t~e obligations described ~n paragraphs ~ and 7 et th~
trust deed shall be added ~o and b~come a part el the debt ~ecured by this
trust deed wdhout waiver el any rights arising teem breach et anF et the
covenants hereol and lee such parments, wth nter~st a~ a oresa d, the prop-
erly herelnbelnre described, a~ well as the ~rantor, ~hall be bound to the
~ame extent that theg ar~ bound toe the payment el the obligation harem
de~cr~bed, and all such payment~ ~hall be hnmediately due and payable u ith-
event the beneliciary at his election may proceed to foreclose this trust deed
NOTE The Trust Deed Act ~rovldes that the trustee hereunder must be effher an attorney, who ~s ~n ectlve member of ~he Oregon State Bar, a bcnk, trust company
84.. 11724
The ~rantor covenants and a~rees to and with the bene[iclary and those c]aimin~ under him, that he is law-
fully seized in fee simple ot said described rea/property and has a valid, unencumbered title thereto This Trust
Deed is inferior to: A Trust Deed. including the terms and provisions thereof, dated February 14, 1978, re-
cord~ February 16, 1978. as ~cumen~ ~78-03641, Official Records of Jackson ~unty, given to secure paTent
of a note. with interest thereon. Grantor(s): Robert Russell, Jrl, Trustee: Crater Title Insurance ~..
Beneficiary: Iris I Shook, A~unt $15,000.00 and a Trust ~ed [ncludin9 the terms and provisions thereof.
dated May 21. 1~, recorded Hay 23, 19~, as ~cument ~-08186. Official Records of Jackson ~unty, Oregon,
given to secure payment of a note, Grantor: Andrea ~a Billa, Trustee: Crater Title Ins. ~., Beneficiary: The
The ~rantor warrants that the pr~eds o~ the loan repre~nted by the above de~ribed note and this trust deed are: City of
(a)* primarily tot ~rantor's personal, tamily, household or a~rlcultural purposes (see Important Noti~ below), Ashland
AmounL: $2902.
This deed applies to. inures to the benefit ot and hinds all parties hereto, their heirs, legatees, devi~es, administrators, execu-
~asculi~ ~ender includes the teminine and the neuteG and the singular numar includes the plural.
IN WITNESS WHEREOF, sa~d ~rantor has hereunto set his hand the day and year first above written.
STATE OF OREGON. ) STATE OF OREGON, County off
) , ~p .
~ ~ ~ ~ ~ , 19 8 ~. P ...... 11, appeared and
Personally appeared the above named who, each ~in~ tlrst
duly sworn, did say t~at the totmer is the
~ecretary et
a corporation, and that the seal attixed to the tore~oin~ instrument is the
and acknowledged the tore~oing instru- sealed in ~halt et said corporation by authority of its board et directors;
me~t to ~ ~ ~ voluntary act and deed. and each et them acknowledged said instrument to be its voluntary act
and deed.
(OFFICIA~ ~ ~ ~
SEAL) ~ ~ .~~
~ ~otary Pub~ ~ Notary Public tot Ore,on (OFFICIAL
I ~TARY. A~[~.,T OREGON
I
IEQU~ST FOR FULL RECONVEYANCE Yh;s instrument fired for record as an ~modalion Only.
e;fect UpC;1 ti~O t~tle.
TO: , Trustee Crat~ TiUe Insurance
DATED: , 19
Beneticiary
TRUST DEED
(FORM Ne. 881)
Grantor
Beneficiary
A~ RECORDING RETURN TO
CTTY OF ASHLAND
SPACE R ESI~RVED
FOR
RECORDER'S USE
STATE OF OREGON,