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2019.0356.PR0007 20190722 New Report 190031335Remit Payment To: Chicago Title Company of Washington 1111 3rd Ave., Suite 320 Seattle, WA 98101 INVOICE Phone:(360)456-7878 Fax:(360)493-1985 Due upon receipt Denise Hibbeln ATTN:Denise Hibbeln PO Box 5210 Yelm, WA 98597 Order Number:190031335 Invoice Date:7/18/2019 Invoice Number:190031335-1 Operation:02150.620142 Buyer/Borrower(s):C Sisters LLC, a Washington Limited Liability Company Title Officer:Mark Karjalahti Property Description (1): 701 Praire Park Lane SE & 411 West Road NE, Yelm, WA 98597 Lots A & B BLA-8028 Policies Applied For:Subdivision Guarantee/Certificate $1,000.00 Bill Code Description Amount TP Loan Policy (Coverage $1,000.00) (Subdivision Guarantee/Certificate)350.00 Subtotal:$350.00 Tax:$32.55 Invoice total amount due:$382.55 Thank you for the opportunity to serve you. Please return a copy of this invoice with your payment 190031335 190031335 Invoice 1 generated on July 18, 2019 04:51 PM by -MK *Taxable item at 9.300%1 of 1 SUBDIVISION Guarantee/Certificate Number: Issued By: 190031335 Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 1 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES MTN2 Coast, LLC and The City of Yelm herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured shall sustain by reason of any incorrectness in the assurances set forth in Schedule A. LIABILITY EXCLUSIONS AND LIMITATIONS 1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A or with respect to the validity, legal effect or priority of any matter shown therein. 2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount set forth in Schedule A. Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you wish additional liability, or assurances other than as contained herein, please contact the Company for further information as to the availability and cost. Chicago Title Company of Washington 676 Woodland Square Loop SE, Suite 405 Lacey, WA 98503 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent President Attest: Secretary Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 2 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.190031335 ISSUING OFFICE: Title Officer: Mark Karjalahti Chicago Title Company of Washington 676 Woodland Square Loop SE, Suite 405 Lacey, WA 98503 Phone: 360-456-7878 Fax: 360-493-1985 Main Phone: (360)456-7878 Email: Mark.Karjalahti@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $350.00 $32.55 Effective Date: July 15, 2019 at 08:00 AM The assurances referred to on the face page are: That, according to those public records which, under the recording laws, impart constructive notice of matter relative to the following described property: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF Title to said real property is vested in: C Sisters, LLC, a Washington Limited Liability Company subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their priority. END OF SCHEDULE A EXHIBIT "A" Legal Description Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 3 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 For APN/Parcel ID(s):64303700205 and 64303700204 Parcels A and B of Boundary Line Adjustment No. BLA-8028 as recorded May 10, 1990 under Auditor's File No. 9005100240. In Thurston County, Washington CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.190031335 SCHEDULE B Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 4 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 1.General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties): Year: 2019 Tax Account No.: 64303700205 Levy Code: 170 Assessed Value-Land: $177,600.00 Assessed Value-Improvements: $42,000.00 General and Special Taxes: Billed: $2,390.29 Paid: $1,195.14 Unpaid: $1,195.15 2.General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties): Year: 2019 Tax Account No.: 64303700204 Levy Code: 170 Assessed Value-Land: $61,700.00 Assessed Value-Improvements: $245,500.00 General and Special Taxes: Billed: $3,339.89 Paid: $1,669.94 Unpaid: $1,669.95 3.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled: Memorandum of Leas Lessor: Prairie Park HoldingsLLC, a Washington Limited Liability Company Lessee: Prairie PArk Cinema LLC, a Washington Limited Liability Company Recording Date: April 8, 2002 Recording No.: 3425560 Affects Parcel A and other property 4.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled: Memorandum of Lease Lessor: C Sisters LLC, a Washington Limited Liability Company Lessee: Praire Park Holdings LLC, a Washington Limited Liability Company Recording Date: April 12, 2002 Recording No.: 3426772 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.190031335 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 5 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 5.A deed of trust to secure an indebtedness in the amount shown below, Amount: $2,000,000.00 Dated: June 19, 2013 Trustor/Grantor: C. Sisters, LLC, a Washington Limited Liability Company Trustee: Timberland Service Corporation Beneficiary: Timberland Bank Recording Date: June 19, 2013 Recording No.: 4343152 Affects: Parcel A and other property 6.Assignment of Rents Given for Security purposes, and the terms and conditions thereof: Assigned to: Timberland Bank Assigned by: C. Sisters, LLC Recording Date: June 19, 2013 Recording No.: 4343153 and 4343154 Affects: Parcel A and other property 7.Subordination and Attainment Agreement, and the terms and conditions thereof: By: C Sisters LLC and Between Timberland Bank Recording Date: June 19, 2013 Recording No.: 4343155 Affects: Parcel A and other property 8.Rights of Yelm Irrigation District as disclosed by various instruments of record. 9.Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Boundary Line Adjustment No. BLA-8028: Recording No: 9005100240 10.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Yelm Purpose: Utilities Recording Date: March 16, 1993 Recording No.: 9303160371 Affects: portion of parcel b 11.Common Facilities Maintenance Agreement, and the terms and conditions thereof: Recording Date: May 10, 2012 Recording No.: 4265167 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.190031335 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 07.19.19 @ 07:44 AM Page 6 WA-CT-FNOY-02150.620142-SPS-1-19-190031335 12.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Purpose: ingress, egress and utilities Recording Date: May 10, 2012 Recording No.: 4265165 Affects: Portion of said premises 13.Covenants, conditions, restrictions, liability for future assessments and easements but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording Date: June 12, 2012 Recording No.: 4270953 14.Provisions contained in the articles of incorporation and bylaws of Prairie Park Owners Association, including any liability to assessment lien. END OF EXCEPTIONS NOTES The following matters will not be listed as Special Exceptions in Schedule B of the policy. There will be no coverage for loss arising by reason of the matters listed below because these matters are either excepted or excluded from coverage or are not matters covered under the insuring provisions of the policy. Note A:Note: FOR INFORMATIONAL PURPOSES ONLY: The following may be used as an abbreviated legal description on the documents to be recorded, per Amended RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal description within the body of the document: Lots A & B BLA-8028 Tax Account No.: 64303700205 and 64303700204 Note B:Note: Any map furnished with this Guarantee is for convenience in locating the land indicated herein with reference to streets and other land. No liability is assumed by reason of reliance thereon. Note C:Note: The Public Records indicate that the address of the improvement located on said Land is as follows: 701 Praire Park Lane SE & 411 West Road NE Yelm, WA 98597 END OF NOTES END OF SCHEDULE B Property Search > Search Results > Property Summary Property Account Summary 7/18/2019 Property Number 64303700205 Property Address 701 PRAIRIE PARK LN SE , YELM, WA 98597 Tax Balance To pay your property taxes on-line click the Begin Payment button and you will be transferred from the Treasurer's web site to our secure payment vendor's web site where you can complete your payment. If this property is noted as "Delinquency" in the General Information Status field, additional costs may be added monthly. At certain dates within the delinquency process, all outstanding taxes, assessments, interest, penalties, and costs are due in certified funds. To get an accurate payoff amount, please contact the Treasurer's Office at 360-786-5550. Installments Payable Tax Year Installment Earliest Due Date Principal Interest, Penalties and Costs Total Due Cumulative Due Select to Pay 2019 2 10/31/2019 $1,195.15 $0.00 $1,195.15 $1,195.15 Select Begin Payment View Detailed Statement Detailed information about taxes and all other charges displayed above. Calculate Future Payoff Taxes, interest and penalty due on a specific future date. Installments Payable/Paid for Tax Year(Enter 4-digit Year, then Click- Here):2019 Distribution of Current Taxes District Rate Amount Voted Amount Non- Voted Amount Home Other Property Data Help Page 1 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(h5nclcpjsuzm1ccduro3xjeq))/parcelinfo... CEMETERY DISTRICT #2 0.07 $15.60 $0.00 $15.60 CITY OF YELM 1.65 $362.49 $0.00 $362.49 CONSERVATION FUTURES 0.04 $8.80 $0.00 $8.80 MEDIC ONE 0.32 $69.59 $69.59 $0.00 PORT OF OLYMPIA 0.18 $40.45 $0.00 $40.45 PUD #1 0.01 $1.83 $0.00 $1.83 SE THURSTON FA 1.48 $325.70 $0.00 $325.70 STATE OF WASHINGTON 2.54 $557.73 $0.00 $557.73 THURSTON COUNTY 1.22 $267.13 $0.00 $267.13 TIMBERLAND LIBRARY 0.36 $79.52 $0.00 $79.52 YELM S.D. #2 2.97 $651.75 $651.75 $0.00 CONSERVATION DISTRICT $5.05 $0.00 $5.05 NOXIOUS WEED CONTROL $4.65 $0.00 $4.65 TOTAL 10.84$2,390.29 $721.34$1,668.95 Levy Rate History Tax Year Total Levy Rate 2018 13.54 2017 12.89 2016 13.51 Receipts Date Receipt No. Amount Applied Amount Due Tendered Change 04/26/2019 00:00:00 4877324 $1,195.14$2,390.29 $1,195.14 $0.00 10/31/2018 00:00:00 4770221 $1,390.56$1,390.56 $1,390.56 $0.00 05/02/2018 00:00:00 4671348 $1,390.56$2,781.12 $1,390.56 $0.00 11/01/2017 00:00:00 4545671 $1,294.64$1,294.64 $1,294.64 $0.00 05/01/2017 00:00:00 4444715 $1,294.63$2,589.27 $1,294.63 $0.00 10/27/2016 00:00:00 4277083 $1,706.23$1,706.23 $1,706.23 $0.00 05/02/2016 00:00:00 4224942 $1,706.23$3,412.46 $1,706.23 $0.00 10/29/2015 00:00:00 4095194 $1,695.75$1,695.75 $1,695.75 $0.00 04/29/2015 00:00:00 3992087 $1,695.75$3,391.50 $1,695.75 $0.00 10/30/2014 00:00:00 3879270 $1,763.46$1,763.46 $1,763.46 $0.00 04/28/2014 00:00:00 3772312 $1,763.45$3,526.91 $1,763.45 $0.00 General Information Alternate Property # Property Description MC KENNA IRRIG TRS BLK 37 PT LOT 2 NKA TR A BLA-8028 9/385 4-54-32 Property Category Land and Improvements Status Active, Locally Assessed Tax Code Area 170 Page 2 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(h5nclcpjsuzm1ccduro3xjeq))/parcelinfo... Remarks Property Characteristics Use Code 74 Recreational Size in Acres 0.63 Related Properties No Related Properties Found Parties Role PercentName Address Taxpayer 100 C SISTERS LLC PO BOX 5210, YELM, WA 98597 Owner 100 C SISTERS LLC PO BOX 5210, YELM, WA 98597 Property Values Value Type Tax Year 2019 Tax Year 2018 Tax Year 2017 Tax Year 2016 Tax Year 2015 Taxable Value Regular $219,600 $205,100 $200,100 $251,850 $247,500 Exemption Amount Regular Market Total $219,600 $205,100 $200,100 $251,850 $247,500 Assessed Value $219,600 $205,100 $200,100 $251,850 $247,500 Market Land $177,600 $163,700 $150,400 $214,150 $210,000 Market Improvement $42,000 $41,400 $49,700 $37,700 $37,500 Personal Property Active Exemptions No Exemptions Found Printable Version Developed by Thomson Reuters. @2005-2017 All rights reserved. Version 4.0.2.8 Page 3 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(h5nclcpjsuzm1ccduro3xjeq))/parcelinfo... Property Search > Search Results > Property Summary Property Account Summary 7/18/2019 Property Number 64303700204 Property Address 411 WEST RD NE , YELM, WA 98597 Tax Balance To pay your property taxes on-line click the Begin Payment button and you will be transferred from the Treasurer's web site to our secure payment vendor's web site where you can complete your payment. If this property is noted as "Delinquency" in the General Information Status field, additional costs may be added monthly. At certain dates within the delinquency process, all outstanding taxes, assessments, interest, penalties, and costs are due in certified funds. To get an accurate payoff amount, please contact the Treasurer's Office at 360-786-5550. Installments Payable Tax Year Installment Earliest Due Date Principal Interest, Penalties and Costs Total Due Cumulative Due Select to Pay 2019 2 10/31/2019 $1,669.95 $0.00 $1,669.95 $1,669.95 Select Begin Payment View Detailed Statement Detailed information about taxes and all other charges displayed above. Calculate Future Payoff Taxes, interest and penalty due on a specific future date. Installments Payable/Paid for Tax Year(Enter 4-digit Year, then Click- Here):2019 Distribution of Current Taxes District Rate Amount Voted Amount Non- Voted Amount CEMETERY DISTRICT #2 0.07 $21.83 $0.00 $21.83 Home Other Property Data Help Page 1 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(z3pwxopeh3gbmsalrvcxiwmo))/parcelin... CITY OF YELM 1.65 $507.09 $0.00 $507.09 CONSERVATION FUTURES 0.04 $12.31 $0.00 $12.31 MEDIC ONE 0.32 $97.35 $97.35 $0.00 PORT OF OLYMPIA 0.18 $56.58 $0.00 $56.58 PUD #1 0.01 $2.55 $0.00 $2.55 SE THURSTON FA 1.48 $455.62 $0.00 $455.62 STATE OF WASHINGTON 2.54 $780.21 $0.00 $780.21 THURSTON COUNTY 1.22 $373.70 $0.00 $373.70 TIMBERLAND LIBRARY 0.36 $111.24 $0.00 $111.24 YELM S.D. #2 2.97 $911.75 $911.75 $0.00 CONSERVATION DISTRICT $5.05 $0.00 $5.05 NOXIOUS WEED CONTROL $4.61 $0.00 $4.61 TOTAL 10.84$3,339.89$1,009.10$2,330.79 Levy Rate History Tax Year Total Levy Rate 2018 13.54 2017 12.89 2016 13.51 Receipts Date Receipt No. Amount Applied Amount Due Tendered Change 04/26/2019 00:00:00 4877323 $1,669.94$3,339.89 $1,669.94 $0.00 10/31/2018 00:00:00 4770218 $2,013.25$2,013.25 $2,013.25 $0.00 05/02/2018 00:00:00 4671351 $2,013.25$4,026.50 $2,013.25 $0.00 11/01/2017 00:00:00 4545664 $1,739.70$1,739.70 $1,739.70 $0.00 05/01/2017 00:00:00 4444714 $1,739.69$3,479.39 $1,739.69 $0.00 10/27/2016 00:00:00 4277082 $1,288.72$1,288.72 $1,288.72 $0.00 05/02/2016 00:00:00 4224941 $1,288.71$2,577.43 $1,288.71 $0.00 10/29/2015 00:00:00 4095195 $1,217.70$1,217.70 $1,217.70 $0.00 04/29/2015 00:00:00 3992086 $1,217.69$2,435.39 $1,217.69 $0.00 10/30/2014 00:00:00 3879273 $1,163.80$1,163.80 $1,163.80 $0.00 04/28/2014 00:00:00 3772313 $1,163.80$2,327.60 $1,163.80 $0.00 General Information Alternate Property # Property Description MC KENNA IRRIG TRS BLK 37 PT LOT 2 NKA TR B BLA-8028 9/385 POB Property Category Land and Improvements Status Active, Locally Assessed Tax Code Area 170 Remarks Page 2 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(z3pwxopeh3gbmsalrvcxiwmo))/parcelin... Property Characteristics Use Code 12 Two-to-Four Unit Size in Acres 0.52 Related Properties No Related Properties Found Parties Role PercentName Address Taxpayer 100 C SISTERS LLC PO BOX 5210, YELM, WA 98597 Owner 100 C SISTERS LLC PO BOX 5210, YELM, WA 98597 Property Values Value Type Tax Year 2019 Tax Year 2018 Tax Year 2017 Tax Year 2016 Tax Year 2015 Taxable Value Regular $307,200 $297,100 $269,150 $190,050 $177,550 Exemption Amount Regular Market Total $307,200 $297,100 $269,150 $190,050 $177,550 Assessed Value $307,200 $297,100 $269,150 $190,050 $177,550 Market Land $61,700 $98,200 $64,050 $55,950 $55,950 Market Improvement $245,500 $198,900 $205,100 $134,100 $121,600 Personal Property Active Exemptions No Exemptions Found Printable Version Developed by Thomson Reuters. @2005-2017 All rights reserved. Version 4.0.2.8 Page 3 of 3 7/18/2019https://tcproperty.co.thurston.wa.us/ascendweb/(S(z3pwxopeh3gbmsalrvcxiwmo))/parcelin... AFTER RECORDING, RETURN TO: THOMAS J. LUCAS Attorney at Law P.O. Box 99742 Seattle, WA 98199 Real Estate Excise to aid- Receipt id �� Receipt no. Date�6 i bin L. Hunt ThurstonCo., eas. By Deputy QUIT CLAIM DEED Legal Description: I TR A BLA-8028 Additional on Exhibit A Assessor's Tax Parcel No.: 164303700205 THE GRANTOR, PRAIRIE PARK HOLDINGS LLC, a Washington Limited Liability Company, through one of its Managers, for good and valuable consideration, receipt of which is hereby acknowledged, does hereby convey and quit claim to C. SISTERS, LLC, a Washington Limited Liability Company, the real estate described on Exhibit A, attached hereto, excluding improvements thereto, situated in Thurston County, State of Washington. Date: i'v" t d � M `�> , 2 G' PRAIRIE PARK HOLDINGS LLC, a Washington Limited Liability Company 71 Margaret A. Clapp, Manaplr, STATE OF WASHINGTON ) ss. COUNTY OF Y ✓ ) On this day personally appeared before me MARGARET A. CLAPP, to me known to be a Manager of PRAIRIE PARK HOLDINGS LLC, the limited liability company that executed the within Quit Claim Deed 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 she is authorized to execute the said instrument and that the seal affixed, if any, is the corporate seal of said corporation. ,k SUBSCRIBED AND SWORN to before me this day of 2001. I NYb�. ✓� i LV - —JVL Print Name: Thomas J. Laas Notary Public in and for the State of Washington Residing at Seattle, WA Commission expires: 09/10/2001 Notary Public: Please affix seal or stamp in this area. NC-'aRY r, w n.,m� PUBLIC V? > O� d1, e,O,- 1 "�C,, 1��a♦ 1 r�rrorerrr♦r 334144 111111 Ill�l IIIA till �IIIII �I�II II�IIII III I�III III III P g20 20012 TH(1MRS J LUCAS D 39.00 Thurston Co, WR EXHIBIT A Parcel A of Boundary Line Adjustment No. BLA-8028 recorded May 10, 1990 under Auditor's file no. 9005100240. In Thurston County, Washington. SUBJECT TO: Rights of Yelm Irrigation District as disclosed by various instruments of record and terms, covenants, conditions and restrictions as contained in BLA-8028 recorded May 10, 1990 under File No. 9005100240. TJL:Deed-qc to CSis-A-BLA8028.doc lllillllllllllllllllll!lNllllllllllllllllllllidl ; 0 �0010 2 !1111 2A THOMAS J LUCAS D $9.60 Thurston Co, AA AFTER RECORDING, RETURNTO: THOMAS J. LUCAS Attorney at Law P.O. Box 99742 Seattle, WA 98199 r_ Real Estate Exci a ax paid ca Receipt no 9W Date e i m obi Hu C rz Treas. By� Deputy ca rn QUIT CLAIM DEED ELegal Description: I TR A BLA-8028 Additional on Exhibit A Assessor's Tax Parcel No.: 164303700205 THE GRANTOR, PRAIRIE PARK LIMITED PARTNERSHIP, a Washington Limited Partnership, through its general partner, YELM PRAIRIE DEVELOPMENT COMPANY, a Washington corporation, for good and valuable consideration, receipt of which is hereby acknowledged, does hereby convey and quit claim to PRAIRIE PARK HOLDINGS LLC, a Washington limited liability company, the real estate described on Exhibit A, attached hereto, including all improvements thereto, situated in Thurston County, State of Washington, together with all after acquired title of the grantor(s) therein. Date:tl�'�t.G� STATE OF WASHINGTON ) ss. COUNTY OF V— YELM PRAIRIE DEVELOPMENT COMPANY, a Washington Corporation, as general partner By: Margaret A. Clapp, Resident On this day personally appeared before me MARGARET A. CLAPP, to me known to be the President of YELM PRAIRIE DEVELOPMENT COMPANY, the corporation that executed the within Quit Claim Deed 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 she is authorized to execute the said instrument and that the seal affixed, if any, is the corporate sea( of said corporation. SUBSCRIBED AND SWORN to before me this IL) day of Y1A kAS✓ x— ..n2001. �A G Yt�vL �7 ' t C4+I/ Print Name: Thomasj. Lucas Notary Public in and for the State of Washington Residing at Seattle. WA Commission expires: 09110/2001 Notary Public: Please affix seal or stamp in this area. 111lIII1111111111lllll11111 page: Iof2 r llllllllllllllllllllllll 63/26,2 Ilnnas �11 Iicas 111 661 1@:22A 19.60 Thurston Co, WA EXHIBIT A Parcel A of Boundary Line Adjustment No. BLA-8028 recorded May 10, 1990 under Auditor's file no. 9005100240. In Thurston County, Washington. SUBJECT TO: Rights of Yelm Irrigation District as disclosed by various instruments of record and terms, covenants, conditions and restrictions as contained in BLA-8028 recorded May 10, 1990 under File No. 9005100240, TJL:Deed-qc PrPk-A-BLA8028.doc Page: 1 2 of 2 r IIIIIIlIIl1lllll! jj ff ff H071RS J CLICAS ��!!I 3/�9/p061 10•Z 0 $8.88 Thurston cc, WA R WHEN RECORDED RETURNTO PRAIRIE PARK LIMITED PARTNERSHIP YELM, WASHINGTON 98597 (9) i Real Estats Excise tax paid _&J '„ 2— bin L Hunt. Thurston Co., T By Qeputy CHICAGO TITLE INSURANCE COMPANY STATUTORY WARRANTY DEED 2002042. �� Dated: OCTOBER 27, 1999 THE GRANTOR ROBERT M. WOLF AND KATHRYN M. WOLF, HUSBAND AND WIFE for and in consideration of THE DOLLARS AND OTHER VALUABLE CONSIDERATTON i hand paid, conveys and warrants to PRAIRIE PARK LIMITED PARTNERSHIP, A WASHINGTON LIMITED PARTNERSHIP the following described real estate situated in the County of THURSTON State of Washington: Tax Account Number(s): 64303700205 PARCEL A OF BOUNDARY LINE ADJUSTMENT NO. BLA-8028 RECORDED MAY 10, 1990 UNDER AUDITOR'S FILE NO. 9005100240. IN THURSTON COUNTY, WASHINGTON SUBJECT TO: SUBJECT TO: RIGHTS OF YELM IRRIGATION DISTRICT AS DISCLOSED BY VARIOUS INSTRUMENTS OF RECORD AND TERMS, COVENANTS, CONDITIONS AND RISTRICTIONS AS CONTAINED IN BLA-8028 RECORDED MAY 10, 1990 UNDER FILE NO. 9005100240. ROBERT M. WOLF KATHRYN M. WOLF IIIIIIIIIIIl111111111lllllllllll1111lIIIllIll! P2 894 890¢ 05P CHICAGO TITLE COMPANY 0 $9,00 Thurston Co, WA STATE OF WASHINGTON SS COUNTY OF THURSTON ON THIS �-14, DAY OF OCTOBER, 1999 BEFORE ME, THE UNDERSIGNED, A NOTARY PUBLIC IN AND FOR THE STATE OF WASHINGTON, DULY COMMISSIONED AND SWORN, PERSONALLY APPEARED ROBERT M. WOLF AND KATHRYN M. WOLF, KNOWN TO ME TO BE THE INDIVIDUAL(S) DESCRIBED IN AND WHO EXECUTED THE WITHIN INSTRUMENT AND ACKNOWLEDGED THAT THEY SIGNED AND SEALED THE SAME AS THEIR FREE AND VOLUNTARY ACT AND DEED, FOR THE USES AND PURPOSES HEREIN MENTIONED. NOTARY SIGNATURE PRINTED NAME: NOTARY PUBLIC IN AND FOR THE STA E OF WASHINGTON RESIDING AT �,o ('.Z -( MY COMMISSION EXPIRES ON II1 VII111�II IIIIII VIII IIIIII I�III I{I �IIII IIIA VIII P 6389454:05P "IIII tCo,WA CHICRGO TITLE COMPRNY D Thurston �I.00 T AFTER RECORDING, RETURN TO: THOMAS J. LUCAS Attorney at Law P.O. Box 99742 Seattle, WA 98199 Real Estate Excise tax paid Receipt no S Dat e3— _ i obin I_ Hun Th ton o Treas. By Deputy QUIT CLAIM DEED Legal Description: TR B BLA-8028 Additional on Exhibit A Assessor's Tax Parcel No.: 164303700204 THE GRANTOR, PRAIRIE PARK HOLDINGS LLC, a Washington Limited Liability Company, through one of its Managers, for good and valuable consideration, receipt of which is hereby acknowledged, does hereby convey and quit claim to C. SISTERS, LLC, a Washington Limited Liability Company, the real estate described on Exhibit A, attached hereto, excluding improvements thereto, situated in Thurston County, State of Washington. Date: ��V t i•vt ; t, ! ) PRAIRIE PARK HOLDINGS LLC, a Washington Limited Lability Company i By: Margaret A. Clapp, Man STATE OF WASHINGTON ) ss. COUNTY OF �_' / A L ) On this day personally appeared before me MARGARET A. CLAPP, to me known to he a Manager of PRAIRIE PARK HOLDINGS LLC, the limited liability company that executed the within Quit Claim Deed 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 she is authorized to execute the said instrument and that the seal affixed, if any, is the corporate seal of said corporation. �� 4Y'A SUBSCRIBED AND SWORN to before me this J_ day of )(14 f> L, 2001. _4 ' - Pri�Name: Thomas J. kucas Notary Public in and for the State of Washington Residing at Seattle, WA Commission expires: 09/10/2001 Notary Public: Please affix seal or stamp in this area. �`zrne1rs" ,* s tcr(y s g• es rrWe" ,t'A,x. 3 it IIIIIIIIIIIIIIIIIIIIIlVIII11!!lIIIIIllllllllllllllllll Page: I of 2 GY20 g26 2001 18:22A THOMAS J LWAS f9.M Thurston Co, WA EXHIBIT A Parcel B of Boundary Line Adjustment No. BLA-8028 recorded May 10, 1990 under Auditor's file no. 9005100240. In Thurston County, Washington. TJL:Deed-qc to CSis-B-BLA8028.doc 1111111 II1II 11111 IIII IIIIII 111111111111 �� 111111 K/26/2001 16:229 THOtIAS J LUCAS d $8.00 Thurston Co, UR AFTER RECORDING, RETURN TO: THOMAS J. LUCAS Attorney at Law P.O. Box 99742 Seattle, WA 98199 Real Estate Excise tax . 3y Receipt no Da� te _ 1 JC. ' o�Hun n C ., en C .,- le-aLs. BY W Deputy QUIT CLAIM DEED Legal Description: TR B BLA-8028 Additional on Exhibit A Assessor's Tax Parcel No.: 164303700204 THE GRANTOR, PRAIRIE PARK LIMITED PARTNERSHIP, a Washington Limited Partnership, through its general partner, YELM PRAIRIE DEVELOPMENT COMPANY, a Washington corporation, for good and valuable consideration, receipt of which is hereby acknowledged, does hereby convey and quit claim to PRAIRIE PARK HOLDINGS LLC, a Washington limited liability company, the real estate described on Exhibit A, attached hereto, including all improvements thereto, situated in Thurston County, State of Washington, together with all after acquired title of the grantor(s) therein. Date: ACL t L it- ��j 1.I, STATE OF WASHINGTON ) ss. COUNTY OF 1 ) YELM PRAIRIE DEVELOPMENT COMPANY, a Washington Corporation, as general partner By: Margaret A. Clapp, Its 0 , `dent On this day personally appeared before me MARGARET A. CLAPP, to me known to be the President of YELM PRAIRIE DEVELOPMENT COMPANY, the corporation that executed the within Quit Claim Deed 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 she is authorized to execute the said instrument and that the seal affixed, if any, is the corporate seal of said corporation. SUBSCRIBED AND SWORN to before me this i % 4tay of YVL(vi(J'- .2001. Print Name: Thom&J. Lucas Notary Public in and for the State of Washington Residing at Seattle, WA Commission expires 09/10/2001 Notary Public: Please affix seal or stamp in this area. '�,e°ccuerrr� -9 :'c? ARY �0- BrareneeN° I111111I11I1l1IIII111111111111111111111 a/e14 2 llllllllllllllll 2@,29&1 16:22R THOMAS J LUCAS 0 $9.00 Thurston Co, WA EXHIBIT A Parcel B of Boundary Line Adjustment No. BLA-8028 recorded May 10, 1990 under Auditor's file no. 9005100240. In Thurston County, Washington. TJL:Deed-qc PrPk-B-BLA8O28.doc IIIDVIIIIIII IIIIIIII VIIIA IIIIIIII IIIIIIII 63/20/12661Page: 2 10 22A THOMAS J LUCAS D 59.00 Thurston Co, WA WHEN RECORDED RETURN TO Real Estate E=tsg tax 0411 �aff1 Receipt no. aDate L.:•5z2?_ in L Hunt, Thurston Cg.. Tr s. By 6� Deputy OCHICAGO TITLE INSURANCE COMPANY (Fulfdhnent) 002002041 Statutory Warranty Deed THE GRANTOR ROBERT M. WOLF AND KATHRYN M. WOLF, HUSBAND AND WIFE for and in consideration of FULFILLMENT OF CONTRACT in hand paid, coneys and warrants to PRAIRIE PARK LIMITED PARTNERSHIP, A WASHINGTON LIMITED PARTNERSHIP the following described real estate situated in the County of State of Washington: PARCEL B OF BOUNDARY LINE ADJUSTMENT NO. BLA-8028 RECORDED MAY 10, 1990 ANDER AUDITOR'S FILE N0. 9005100240, IN THURSTON COUNTY, WASHINGTON This deed is given in fulfillment of that certain real estate contract between the parties hereto, dated 10/37/99 and conditioned for the conveyance of the above described, property and the covenants of warranty herein contained shall not apply to any title, interest or encumbrance arising by, through or under the purchaser in said contract, and shall not apply to any taxes, assessments or other charges levied, assessed or becoming due subsequent to the date of said contract. Real Estate Sales Tax was paid on this sale on Excise Tax Receipt No. Dated: OCTOBER 27, 1999 Tax Account Number: 64303700204 ROBERT M. WOLF A WRY M. WOLF LPBII/RAA/0997 I IIIIII VIII ILII VIII IIIIIII VIII IIID III ILII IIII I 05g 20901 02 44' III PRAIRIE PRRK LTD. D $9,09 Thurston Co, WA STATE OF WASHINGTON Ss COUNTY OF THURSTON ON THIS DAY OF OCTOBER , 1999 BEFORE ME, THE UNDERSIGNED, A NOTARY PUBLIC IN AND FOR THE STATE OF WASHINGTON, DULY COMMISSIONED AND SWORN, PERSONALLY APPEARED ROBERT M. WOLF AND KATHRYN M. WOLF KNOWN TO ME TO BE THE INDIVIDUAL(S) DESCRIBED IN AND WHO EXECUTED THE WITHIN INSTRUMENT AND ACKNOWLEDGED THAT THEY SIGNED AND SEALED THE SAME AS THEIR FREE AND VOLUNTARY ACT AND DEED, FOR THE USES AND PURPOSES HEREIN MENTIONED. NOTARY SIGNATURE PRINTED NAME:---�SL.✓LA l�?_�! NOTARY PUBLIC IN A��ND FOR THE STATE 0 WASHINGTON {�_Y.. RESIDING AT C, MY COMMISSION EXPIRES ONT I II��II �IIII �� IIII Ih��i �I�11 I��I �� II11I 1111 IIII3350425 95g/02/2601 02:44' PRAIRIE PARK LTO. D $9.00 Thurston Co, WA RETURN ADDRESS: TimberlandBank OlympiaBranch 423 WashingtonStreetSE Olympia,WA 98501 THURSTON COUNTY TITLE LO. DEED OF TRUST /df Pf DATE:June 19,2013 Reference#ifa plicabl:974497979 Additionalon page Grantor(s): 1.C.Sisters,LLC Grantee(s) 1.TimberlandBank 2.TimberlandServiceCorporation,Trustee LegalDescription:PolA BLA-12-0110-YL;PclA BLA-8028 &Pd 2 SS-8601 Additionalon page 2 Assessor's Tax Parcel ID#:6430-37-00100,9900-20-39082,9900-20-45370, 9900-20-52634, 9900-20-52635, 6430-37-00205,227-19-340600,##90-fl-gt/pp THIS DEED OF TRUST isdated June 19,2013,among C.Sisters,LLC;a Washington Limited LiabilityCompany ("Grantor");TimberlandBank,whose mailingaddressisOlympia Branch,423 Washington StreetSE Olympia,WA 98501,624 Simpson Avenue ,Hoquiam,WA 98550 (referredto below sometimes as "Lender" and sometimes as "Beneficiary");and TimberlandServiceCorporation,whose mailingaddressis624 Simpson Avenue,Hoquiam,WA 98550 (referredtobelow as "Trustee"). 4343152 Pages:906/19/201303:58PM DeedOfTrustThurstonCountyWashingtonTHURSTONCOUNTYTITLE DEED OF TRUST Loan No:974497979 (Continued)Page 2 CONVEYANCE AND GRANT.Forvaluableconsideration,GrantorconveystoTrusteeintrustwithpowerofsale,right ofentryandpossessionandforthebenefitofLenderasBeneficiary,allofGrantor'sright,title,andinterestinandto the followingdescribedrealproperty,togetherwithallexistingor subsequentlyerectedor affixedbuildings, improvementsandfixtures;alleasements,rightsofway,andappurtenances;allwater,waterrightsandditchrights (includingstockinutilitieswithditchorirrigationrights);andallotherrights,royalties,and profitsrelatingtothereat property,includingwithoutlimitationallminerals,oil,gas,geothermalandsimilarmatters,(the"Real Property") locatedinThurstonCounty,Stateof Washington: Parcel1: ParcelA of Boundary Line Adjustment No. BLA-12-0110-YL, as recorded May 10,2012 underAuditor'sFileNo.4265166. Parcel2: ParcelA of Boundary Line Adjustment No.BLA-8028,as recorded May 10,1990 under Auditor'sFileNo. 9005100240. Parcel3: Parcel2 of ShortSubdivisionNo.SS-8601,as recordedAugust 12,1986 under Auditor's FileNo.8608120002. The Real Propertyor itsaddress is commonly known as 701 PrairiePark Lane SE and 502 Yelm Avenue E, Yelm, WA 98597. The Real Property tax identificationnumber is 6430-37-00100,9900-20-39082,9900-20-45370,9900-20-52634,9900-20-52635, 6430-37-00205,227-19-340600,<]900-40-y?NS, CROSS-COLLATERALIZATION.InadditiontotheNote,thisDeedofTrustsecuresallobligations,debtsandliabilities, plusinterestthereon,ofeitherGrantororBorrowertoLender,oranyoneormoreofthem,as wellasallclaimsby LenderagainstBorrowerandGrantororanyoneormoreofthem,whethernow existingorhereafterarising,whether relatedorunrelatedtothepurposeoftheNote,whethervoluntaryorotherwise,whetherdue ornotdue,director indirect,determinedorundetermined,absoluteorcontingent,liquidatedorunliquidated,whetherBorrowerorGrantor may be liableindividuallyorjointlywithothers,whetherobligatedas guarantor,surety,accommodationpartyor otherwise,andwhetherrecoveryuponsuchamountsmay be or hereaftermay becomebarredby any statuteof limitations,and whetherthe obligationtorepaysuchamountsmay be or hereaftermay become otherwise unenforceable. Grantorherebyassignsas securitytoLender,allofGrantor'sright,title,andinterestinandtoallleases,Rents,and profitsoftheProperty.ThisassignmentisrecordedinaccordancewithRCW 65.08.070; theliencreatedby this assignmentisintendedtobespecific,perfectedandchoateupontherecordingofthisDeedofTrust.Lendergrantsto Grantora licensetocollecttheRentsand profits,whichlicensemay be revoked atLender'soptionand shallbe automaticallyrevokeduponaccelerationofallorpartoftheIndebtedness.Inaddition,GrantorgrantstoLendera UniformCommercialCodesecurityinterestinthePersonalPropertyandRents. THISDEEDOF TRUST,INCLUDINGTHE ASSIGNMENTOF RENTSAND THESECURITYINTERESTINTHERENTS AND PERSONAL PROPERTY,ISGIVENTO SECURE (A)PAYMENT OF THE INDEBTEDNESSAND (B)PERFORMANCE OF ANY AND ALLOBLIGATIONSUNDER THE NOTE,THE RELATEDDOCUMENTS,AND THISDEED OF TRUST.THIS DEEDOFTRUST ISGIVENAND ACCEPTEDON THE FOLLOWINGTERMS: GRANTOR'SREPRESENTATIONSAND WARRANTIES.Grantorwarrantsthat:(a)thisDeedofTrustisexecutedat Borrower'srequestandnotattherequestofLender;(b)Grantorhasthefullpower,right,andauthoritytoenterinto thisDeedofTrustandtohypothecatetheProperty;(c)theprovisionsofthisDeedofTrustdo notconflictwith,or resultinadefaultunderanyagreementorotherinstrumentbindinguponGrantoranddo notresultinaviolationofany law,regulation,courtdecreeororderapplicabletoGrantor;(d)Grantorhasestablishedadequatemeansofobtaining fromBorroweron a continuingbasisinformationaboutBorrower'sfinancialcondition;and (e)Lenderhasmade no representationtoGrantoraboutBorrower(includingwithoutlimitationthecreditworthinessofBorrower). GRANTOR'SWAIVERS.Grantorwaivesallrightsordefensesarisingbyreasonofany"oneaction"or"anti-deficiency" law,or any otherlawwhichmay prevent Lenderfrombringingany actionagainstGrantor,includinga claim for deficiencytotheextentLenderisotherwiseentitledtoa claimfordeficiency,beforeorafterLender'scommencement orcompletionofanyforeclosureaction,eitherjudiciallyorbyexerciseofa powerofsale. PAYMENT AND PERFORMANCE.ExceptasotherwiseprovidedinthisDeedofTrust,BorrowerandGrantorshallpay to LenderallIndebtednesssecuredby thisDeedofTrustasitbecomesdue,and BorrowerandGrantorshallstrictly performalltheirrespectiveobligationsundertheNote,thisDeedofTrust,andtheRelatedDocuments. POSSESSIONAND MAINTENANCEOF THE PROPERTY.BorrowerandGrantoragreethatBorrower'sandGrantor's possessionanduseofthePropertyshallbegovernedbythefollowingprovisions: PossessionandUse. Untiltheoccurrenceofan EventofDefault,Grantormay (1) remaininpossessionand controloftheProperty;(2)use,operateormanagetheProperty;and (3)collecttheRentsfromtheProperty (thisprivilegeisa licensefromLendertoGrantorautomaticallyrevokedupondefault).The followingprovisions relatetotheuseofthePropertyortootherlimitationsontheProperty.The RealPropertyisnotusedprincipally foragriculturalpurposes. Dutyto Maintain.GrantorshallmaintainthePropertyintenantableconditionand promptlyperformallrepairs, replacements,andmaintenancenecessarytopresenceitsvalue. NuIsance,Waste.Grantorshallnotcause,conductorpermitany nuisancenorcommit,permit,orsufferany strippingoforwasteonortothePropertyoranyportionoftheProperty.Withoutlimitingthegeneralityofthe foregoing,Grantorwillnotremove,orgranttoanyotherpartytherighttoremove,anytimber,minerals(including oilandgas),coal,clay,scoria,soil,gravelorrockproductswithoutLender'spriorwrittenconsent. Removalof Improvements.Grantorshallnotdemolishor removeany ImprovementsfromtheRealProperty withoutLender'spriorwrittenconsent.As a conditiontotheremovalofanyImprovements,Lendermay require Grantortomake arrangementssatisfactorytoLendertoreplacesuch1mprovementswithImprovementsofatleast equalvalue. DEED OF TRUST Loan No:974497979 (Continued)Page 3 Lender'sRighttoEnter.LenderandLendefsagentsandrepresentativesmayenterupontheRealPropertyatall reasonabletimestoattendtoLender'sinterestsand to inspecttheRealPropertyforpurposesofGrantors compliancewiththetermsandconditionsofthisDeedofTrust. CompliancewithGovernmentalRequirements.Grantorshallpromptlycomply,and shallpromptlycause complianceby allagents,tenantsorotherpersonsorentitiesofeverynaturewhatsoeverwho rent,leaseor otherwiseuseoroccupythePropertyinanymanner,withalllaws,ordinances,andregulations,now orhereafter ineffect,ofallgovemmentalauthoritiesapplicabletotheuseoroccupancyoftheProperty,includingwithout limitation,theAmericansWithDisabilitiesAct.Grantormay contestingoodfaithanysuchlaw,ordinance,or regulationandwithholdcomplianceduringanyproceeding,includingappropriateappeals,so longas Grantorhas notifiedLenderinwritingpriortodoingso and so longas,inLenderssoleopinion.Lendersinterestsinthe Propertyarenotjeopardized.LendermayrequireGrantortopostadequatesecurityora suretybond,reasonably satisfactorytoLender,toprotectLendersinterest. DutytoProtect.GrantoragreesneithertoabandonorleaveunattendedtheProperty.Grantorshalldo allother acts,inadditiontothoseactssetforthaboveinthissection,whichfromthecharacteranduseofthePropertyare reasonablynecessarytoprotectandpreservetheProperty. DUE ON SALE -CONSENTBY LENDER.Lendermay,atLender'soption,(A)declareimmediatelydueandpayableall sums securedby thisDeedofTrustor (B)increasetheinterestrateprovidedforintheNoteorotherdocument evidencingtheIndebtednessandimposesuchotherconditionsasLenderdeemsappropriate,uponthesaleortransfer, withoutLendefspriorwrittenconsent,ofalloranypartoftheRealProperty,oranyinterestintheRearProperty.A "saleortransfer"meanstheconveyanceofRealPropertyoranyright,titleorinterestintheRealProperty;whether legal,beneficialorequitable;whethervoluntaryorinvoluntary;whetherbyoutrightsale,deed,instalimentsalecontract, landcontract,contractfordeed,leaseholdinterestwitha termgreaterthanthree(3)years,lease-optioncontract,orby sale,assignment,ortransferofanybeneficialinterestinortoanylandtrustholdingtitletotheRealProperty,orbyany othermethodofconveyanceofaninterestintheRealProperty.IfanyGrantorisa corporation,partnershiporlimited liabilitycompany,transferalsoincludesanychangeinownershipofmorethantwenty-fivepercent(25%)ofthevoting stock,partnershipinterestsorlimitedliabilitycompanyinterests,asthecasemay be,ofsuchGrantor.However,this optionshallnotbeexercisedbyLenderifsuchexerciseisprohibitedbyfederallaworbyWashingtonlaw. TAXES AND LIENS.The followlngprovisionsrelatingtothetaxesandlienson thePropertyarepartofthisDeedof Trust: Payment.Grantorshallpaywhendue(andinalleventspriortodelinquency)alltaxes,specialtaxes,assessments, charges(includingwaterandsewer),finesandimpositionsleviedagainstoronaccountoftheProperty,andshall paywhendueallclaimsforworkdoneonorforservicesrenderedormaterialfurnishedtotheProperty.Grantor shallmaintainthePropertyfreeofalllienshavingpriorityoverorequaltotheinterestofLenderunderthisDeedof Trust,exceptforthelienoftaxesandassessmentsnotdueandexceptas otherwiseprovidedinthisDeedof Trust. RighttoContest.Grantormay withholdpaymentofanytax,assessment,orclaiminconnectionwitha goodfaith disputeovertheobligationtopay,solongasLendefsinterestinthePropertyisnotjeopardized.Ifalienarisesor isfiledasa resultofnonpayment,Grantorshallwithinfifteen(15)daysafterthelienarisesor,ifalienisfiled, withinfifteen(15)daysafterGrantorhasnoticeofthefiling,securethedischargeofthelien,orifrequestedby Lender,depositwithLendercashorasufficientcorporatesurelybondorothersecuritysatisfactorytoLenderinan amountsufficienttodischargethelienplusanycostsandattorneys'fees,orotherchargesthatcouldaccrueasa resultofa foreclosureorsaleunderthelien.Inanycontest,Grantorshalldefenditselfand Lenderandshall satisfyanyadversejudgmentbeforeenforcementagainsttheProperty.GrantorshallnameLenderasan additional obligeeunderanysuretybondfumishedinthecontestproceedings. EVIdenceofPayment.GrantorshallupondemandfurnishtoLendersatisfactoryevidenceofpaymentofthetaxes orassessmentsandshallauthorizetheappropriategovernmentalofficialtodelivertoLenderatanytimea written statementofthetaxesandassessmentsagainsttheProperty. NoticeofConstructlon.GrantorshallnotifyLenderatleastfifteen(15)daysbeforeanyworkiscommenced,any servicesarefurnished,oranymaterialsaresuppliedtotheProperty,ifanymechanic'slien,materialmen'slien,or otherliencouldbeassertedon accountofthework,services,ormaterials.GrantorwilluponrequestofLender furnishtoLenderadvanceassurancessatisfactorytoLenderthatGrantorcan andwillpaythecostofsuch improvements. PROPERTYDAMAGE INSURANCE.ThefollowingprovisionsrelatingtoinsuringthePropertyarea partofthisDeedof Trust. MaintenanceofInsurance.Grantorshallprocureandmaintainpoliciesoffireinsurancewithstandardextended coverageendorsementsona replacementbasisforthefullinsurablevaluecoveringallimprovementson theReal Propertyinanamountsufficienttoavoidapplicationofanycoinsuranceclause,andwitha standardmortgagee clauseinfavorofLender.Grantorshallalsoprocureandmaintaincomprehensivegeneralliabilityinsuranceinsuch coverageamountsasLendermay requestwithTrusteeand Lenderbeingnamedas additionalInsuredsinsuch liabilityinsurancepolicies.Additionally,Grantorshallmaintainsuchotherinsurance,includingbutnotlimitedto hazard,businessinterruption,andboilerinsurance,asLendermay reasonablyrequire.Policiesshallbewrittenin form,amounts,coveragesandbasisreasonablyacceptabletoLenderandissuedby a companyorcompanies reasonablyacceptabletoLender.Grantor,uponrequestofLender,willdelivertoLenderfromtimetotimethe policiesorcertificatesofinsuranceinformsatisfactorytoLender,includingstipulationsthatcoverageswillnotbe cancelledordiminishedwithoutatleastthirty(30)dayspriorwrittennoticetoLender,Eachinsurancepolicyalso shallincludeanendorsementprovidingthatcoverageinfavorofLenderwillnotbe impairedinanyway byanyact, omissionordefaultofGrantororanyotherperson.ShouldtheRealPropertybelocatedinanareadesignatedby theDirectoroftheFederalEmergencyManagementAgencyas a specialfloodhazardarea,Grantoragreesto obtainandmaintainFederalFloodInsurance,ifavailable,within45 daysafternoticeisgivenby Lenderthatthe Propertyislocatedina specialfloodhazardarea,forthefultunpaidprincipalbalanceoftheloanandanypriorliens onthepropertysecuringtheloan,up tothemaximumpolicylimitssetundertheNationalFloodinsuranceProgram, orasotherwiserequiredbyLender,andtomaintainsuchinsuranceforthetermoftheloan. ApplicationofProceeds.GrantorshallpromptlynotifyLenderofanylossordamagetotheProperty.Lendermay make proofoflossifGrantorfailstodosowithinfifteen(15)daysofthecasualty.WhetherornotLenders securityisimpaired,Lendermay,atLender'selection,receiveandretaintheproceedsofanyinsuranceandapply theproceedstothereductionoftheindebtedness,paymentofanylienaffectingtheProperty,ortherestoration andrepairoftheProperty.IfLenderelectstoapplytheproceedstorestorationandrepair,Grantorshallrepairor replacethe damagedor destroyedimprovementsina mannersatisfactoryto Lender.Lendershall,upon satisfactoryproofofsuchexpenditure,payorreimburseGrantorfromtheproceedsforthereasonablecostof repairorrestorationifGrantorisnotindefaultunderthisDeedofTrust.Any proceeds whichhavenotbeen disbursedwithin180 daysaftertheirreceiptandwhichLenderhasnotcommittedtotherepairorrestorationof DEED OF TRUST Loan No: 974497979 (Continued)Page 4 thePropertyshallbeusedfirsttopayanyamountowingtoLenderunderthisDeedofTrust,thentopayaccrued interest,andtheremainder,ifany,shallbe appliedtotheprincipalbalanceoftheIndebtedness.IfLenderholds anyproceedsafterpaymentinfulloftheindebtedness,suchproceedsshallbe paidwithoutinteresttoGrantoras Grantor'sinterestsmayappear. Grantoe'sReportonInsurance.UponrequestofLender,howevernotrriorethanoncea year,Grantorshallfurnish toLendera reporton eachexistingpolicyofinsuranceshowing:(1)thenameoftheinsurer;(2)therisks insured;(3)theamountofthepolicy;(4)thepropertyinsured,thethencurrentreplacementvalueofsuch property,andthemannerofdeterminingthatvalue;and (5)theexpirationdateofthepolicy.Grantorshall,upon requestofLender,haveanindependentappraisersatisfactorytoLenderdeterminethecashvaluereplacementcost ofthePaperty. LENDER'SEXPENDITURES.IfanyactionorproceedingiscommencedthatwouldmateriallyaffectLender'sinterestin thePropertyorifGrantorfailstocomplywithanyprovisionofthisDeedofTrustoranyRelatedDocuments,including butnotlimitedtoGrantor'sfailuretodischargeorpaywhendueanyamountsGrantorisrequiredtodischargeorpay underthisDeedofTrustoranyRelatedDocuments,LenderonGrantor'sbehalfmay (butshallnotbeobligatedto}take anyactionthatLenderdeemsappropriate,includingbutnotIlmitedtodischargingorpayingalltaxes,liens,security interests,encumbrancesandotherclaims,atanytimeleviedorplacedonthePropertyandpayingallcostsforinsuring, maintainingandpreservingtheProperty.Allsuchexpendituresincurredorpaidby Lenderforsuchpurposeswillthen bearinterestattheratechargedundertheNotefromthedateincurredorpaidby Lendertothedateofrepaymentby Grantor.Allsuchexpenseswillbecomea partoftheIndebtednessand,atLender'soption,will(A)be payableon demand;(B)beaddedtothebalanceoftheNoteand be apportionedamong and be payablewithany installment paymentstobecomedueduringeither(1)thetermofanyapplicableinsurancepolicy;or (2)theremainingtermof theNote;or (C)betreatedasa balloonpaymentwhichwillbe dueandpayableattheNote'smaturity.TheDeedof Trustalsowillsecurepaymentoftheseamounts.Suchrightshallbe inadditiontoallotherrightsandremediesto whichLendermay beentitleduponDefault. WARRANTY;DEFENSEOFTITLE.ThefollowingprovisionsrelatingtoownershipofthePropertyarea partofthisDeed ofTrust: Title.Grantorwarrantsthat:(a)GrantorholdsgoodandmarketabletitleofrecordtothePropertyinfeesimple, freeandclearofallliensandencumbrancesotherthanthosesetforthintheRealPropertydescriptionorinany titleinsurancepolicy,titlereport,orfinaltitleopinionissuedinfavorof,andacceptedby,Lenderinconnection withthisDeedofTrust,and (b)Grantorhasthefullright,power,andauthoritytoexecuteanddeliverthisDeedof TrusttoLender. DefenseofTitle.Subjecttotheexceptionintheparagraphabove,Grantorwarrantsandwillforeverdefendthe titletothePropertyagainstthelawfulclaimsofallpersons.Intheeventanyactionorproceedingiscommenced thatquestionsGrantor'stitleortheinterestofTrusteeorLenderunderthisDeedofTrust,Grantorshalldefendthe actionatGrantor'sexpense.Grantormay bethenominalpartyinsuchproceeding,butLendershallbeentitledto participateintheproceedingandtobe representedinthepaceedingby counselofLender'sown choice,and Grantorwilldeliver,orcausetobedelivered,toLendersuchinstrumentsasLendermay requestfromtimetotime topermitsuchparticipation. ComplianceWithLaws.GrantorwarrantsthatthePropertyandGrantor'suseofthePropertycomplieswithall existingapplicablelaws,ordinances,andregulationsofgovernmentalauthorities. SurvivalofRepresentationsandWarranties.AIIrepresentations,warranties,andagreementsmade by Grantorin thisDeedofTrustshallsurvivetheexecutionanddeliveryofthisDeedofTrust,shallbe continuinginnature,and shallremaininfullforceandeffectuntilsuchtimeasBorrower'sIndebtednessshallbepaidinfull. CONDEMNATION.Thefollowingprovisionsrelatingtocondemnationproceedingsarea partofthisDeedofTrust: Proceedings.Ifany proceedingincondemnationisfiled,GrantorshallpromptlynotifyLenderinwriting,and Grantorshallpromptlytakesuchstepsasmay be necessarytodefendtheactionandobtaintheaward.Grantor may bethenominalpartyinsuchproceeding,butLendershallbeentitledtoparticipateintheproceedingandtobe representedintheproceedingbycounselofitsown choice allatGrantor'sexpense,andGrantorwilldeliveror causetobedeliveredtoLendersuchinstrumentsanddocumentationasmay be requestedby Lenderfromtimeto timetopermitsuchparticipation. ApplicationofNetProceeds.IfalloranypartofthePropertyiscondemnedbyeminentdomainproceedingsorby anyproceedingorpurchaseinlieuofcondemnation,Lendermay atitselectionrequirethatalloranyportionofthe netproceedsoftheawardbe appliedtotheIndebtednessortherepairorrestorationoftheProperty.The net proceedsoftheawardshallmeantheawardafterpaymentofallreasonablecosts,expenses,andattorneys'fees incurredbyTrusteeorLenderinconnectionwiththecondemnation, IMPOSITIONOF TAXES,FEESAND CHARGES BY GOVERNMENTAL AUTHORITIES.The followingprovisionsrelating togovernmentaltaxes,feesandchargesarea partofthisDeedofTrust: CurrentTaxes,FeesandCharges.Uponrequestby Lender,Grantorshallexecutesuchdocumentsinadditionto thisDeedofTrustandtakewhateverotheractionisrequestedby LendertoperfectandcontinueLender'slienon theRealProperty.GrantorshallreimburseLenderforalltaxes,asdescribedbelow,togetherwithallexpenses incurredinrecording,perfectingorcontinuingthisDeed of Trust,includingwithoutimitationalltaxes,fees, documentarystamps,andotherchargesforrecordingorregisteringthisDeedofTrust. Taxes.The followingshallconstitutetaxestowhichthissectionapplies:(1)a specifictaxuponthistypeof DeedofTrustoruponalloranypartofthe Indebtednesssecuredby thisDeedofTrust;(2)a specifictaxon BorrowerwhichBorrowerisauthorizedorrequiredtodeductfrompaymentsontheIndebtednesssecuredby this typeofDeedofTrust;(3)a taxonthistypeofDeedofTrustchargeableagainsttheLenderortheholderofthe Note;and (4)a specifictaxon alloranyportionoftheIndebtednessoron paymentsofprincipaland interest madeby Borrower. SubsequentTaxes.IfanytaxtowhichthissectionappliesisenactedsubsequenttothedateofthisDeedof Trust,thiseventshallhavethesameeffectasan EventofDefault,andLendermay exerciseanyorallofits availableremediesforan EventofDefaultas providedbelowunlessGrantoreither(1)paysthetaxbeforeit becomesdelinquent,or (2)conteststhetaxas providedaboveintheTaxesandLienssectionanddepositswith Lendercashora sufficientcorporatesuretybondorothersecuritysatisfactorytoLender. SECURITYAGREEMENT;FINANCINGSTATEMENTS, The followingprovisionsrelatingtothisDeedof Trustas a securityagreementarea partofthisDeedofTrust: SecurityAgreement.ThisinstrumentshallconstituteaSecurityAgreementtotheextentany oftheProperty constitutesfixtures,andLendershallhavealloftherightsofa securedpartyundertheUniformCommercialCode asamendedfromtimetotime. DEED OF TRUST Loan No:974497979 (Continued)Page 5 SecurityInterest.Uponrequestby Lender,Grantorshalltakewhateveractionisrequestedby Lendertoperfect andcontinueLender'ssecurityinterestintheRentsandPersonalProperty.InadditiontorecordingthisDeedof Trustintherealpropertyrecords,Lendermay,atany timeandwithoutfurtherauthorizationfromGrantor,file executedcounterparts,copiesor reproductionsofthisDeedofTrustas a financingstatement.Grantorshall reimburseLenderforanexpensesincurredinperfectingorcontinuingthissecurityinterest.Upondefault,Grantor shallnotremove,severordetachthePersonalPropertyfromtheProperty.Upondefault,Grantorshallassemble anyPersonalPropertynotaffixedtothePropertyina mannerandata placereasonablyconvenienttoGrantorand LenderandmakeitavailabletoLenderwithinthree(3)daysafterreceiptofwrittendemandfromLendertothe extentpermittedbyapplicablelaw. Addresses.The mailingaddressesofGrantor(debtor)and Lender(securedparty)fromwhichinformation concerningthesecurityinterestgrantedby thisDeedofTrustmay be obtained(eachas requiredbytheUniform CommercialCode)areasstatedonthefirstpageofthisDeedofTrust. FURTHER ASSURANCES:ATTORNEY-IN-FACT.The followingprovisionsrelatingto furtherassurancesand attomey-in-factareapartofthisDeedofTrust: FurtherAssurances.At anytime,andfromtimetotime,uponrequestofLender,Grantorwillmake,executeand deliver,orwillcausetobe made,executedordelivered,toLenderortoLendefsdesignee,andwhen requestedby Lender,causetobefiled,recorded,refiled,orrerecorded,asthecasemay be,atsuchtimesandinsuchoffices andplacesasLendermay deem appropriate,anyandallsuchmortgages,deedsoftrust,securitydeeds,security agreements,financingstatements,continuationstatements,instrumentsoffurtherassurance,certificates,and otherdocumentsasmay,inthesoleopinionofLender,benecessaryordesirableinordertoeffectuate,complete, perfect,continue,orpreserve(1)Borrower'sandGrantorsobligationsundertheNote,thisDeedofTrust,and theRelatedDocuments,and (2)theliensandsecurityinterestscreatedby thisDeedofTrustasfirstandprior lienson theProperty,whethernow ownedorhereafteracquiredby Grantor.UnlessprohibitedbylaworLender agreestothecontraryinwriting,GrantorshallreimburseLenderforallcostsandexpensesincurredinconnection withthemattersreferredtointhisparagraph. Attorney-in-Fact.IfGrantorfailstodo anyofthethingsreferredtointheprecedingparagraph,Lendermay do so forandinthenameofGrantorandatGrantorsexpense.Forsuchpurposes,Grantorherebyirrevocablyappoints LenderasGrantor'sattorney-in-factforthepurposeofmaking,executing,delivering,filing,recording,anddoingall otherthingsas may be necessaryordesirable,inLender'ssoleopinion,toaccomplishthemattersreferredtoin theprecedingparagraph. FULLPERFORMANCE.IfBorrowerandGrantorpayalltheIndebtednesswhen due,andGrantorotherwiseperformsall theobligationsimposeduponGrantorunderthisDeedofTrust,LendershallexecuteanddelivertoTrusteearequestfor fullreconveyanceandshallexecuteanddelivertoGrantorsuitablestatementsofterminationofanyfinancingstatement onfileevidencingLender'ssecurityinterestintheRentsandthePersonalProperty.Anyreconveyancefeeshallbepaid by Grantor,ifpermittedby applicable law.The granteeinanyreconveyancemay be describedasthe"personor personslegallyentitledthereto",andtherecitalsinthereconveyanceofanymattersorfactsshallbeconclusiveproof ofthetruthfulnessofanysuchmattersorfacts. EVENTSOF DEFAULT.Eachofthefollowing,atLender'soption,shallconstituteanEventofDefaultunderthisDeed ofTrust: PaymentDefault.Borrowerfailstomakeanypaymentwhen dueundertheIndebtedness. OtherDefaults.BorrowerorGrantorfailstocomplywithortoperformanyotherterm,obligation,covenantor conditioncontainedinthisDeedofTrustorinanyoftheRelatedDocumentsortocomplywithortoperformany term,obligation,covenantorconditioncontainedinanyotheragreementbetweenLenderandBorrowerorGrantor. ComplianceDefault.Failuretocomplywithanyotherterm,obligation,covenantorconditioncontainedinthis DeedofTrust,theNoteorinanyoftheRelatedDocuments. DefaultonOtherPayments.FailureofGrantorwithinthetimerequiredbythisDeedofTrusttomakeanypayment fortaxesorinsurance,oranyotherpaymentnecessarytopreventfilingofortoeffectdischargeofanylien. DefaultinFavorofThirdParties.ShouldBorrowerorany Grantordefaultunderanyloan,extensionofcredit, securityagreement,purchaseorsalesagreement,oranyotheragreement,infavorofanyothercreditororperson thatmay materiallyaffectany of Borrower'sor any Grantor'spropertyor Borrowersabilityto repaythe IndebtednessorBorrower'sorGrantofsabilitytoperformtheirrespectiveobligationsunderthisDeedofTrustor anyoftheRelatedDocuments. FalseStatements.Anywarranty,representationorstatementmadeorfurnishedtoLenderby BorrowerorGrantor oron Borrower'sorGrantor'sbehalfunderthisDeedofTrustortheRelatedDocumentsisfalseormisleadingin any materialrespect,eithernow oratthetimemadeorfurnishedorbecomesfalseormisleadingatanytime thereafter. DefectiveCollateralization.ThisDeedofTrustoranyoftheRelatedDocumentsceasestobe infullforceand effect(includingfailureofanycollateraldocumenttocreatea validandperfectedsecurityinterestorlien)atany timeandforanyreason. Deathor Insolvency.The dissolutionofGrantors(regardlessofwhetherelectiontocontinueismade),any memberwithdrawsfromthe limitedliabilitycompany,or any otherterminationofBorrower'sorGrantor's existenceasa goingbusinessorthedeathofanymember,theinsolvencyofBorrowerorGrantor,theappointment ofa receiverforanypartofBorrowersorGrantor'sproperty,anyassignmentforthebenefitofcreditors,anytype ofcreditorworkout,orthecommencementof any proceedingunderany bankruptcyor insolvencylawsby or againstBorrowerorGrantor. CreditororForfeitureProceedings.Commencementofforeciosureorforfeitureproceedings,whetherbyjudicial proceeding,self-help,repossessionorany othermethod,by any creditorof BorrowerorGrantoror by any governmentalagencyagainstanypropertysecuringtheIndebtedness.Thisincludesagamishmentof anyof Borrower'sorGrantor'saccounts,includingdepositaccounts,withLender.However,thisEventofDefaultshall notapplyifthereisa goodfaithdisputeby BorrowerorGrantorastothevalidityorreasonablenessoftheclaim whichisthebasisofthecreditororforFeitureproceedingandifBorrowerorGrantorgivesLenderwrittennoticeof thecreditororforfeitureproceedinganddepositswithLendermoniesora suretybondforthecreditororforfeiture proceeding,inanamountdeterminedbyLender,initssolediscretion,asbeinganadequatereserveorbondforthe dispute. BreachofOtherAgreement.Any breachby BorrowerorGrantorunderthetermsofanyotheragreementbetween BorrowerorGrantorandLenderthatisnotremediedwithinanygraceperiodprovidedtherein,includingwithout limitationanyagreementconcerningany indebtednessorotherobligationofBorrowerorGrantorto Lender, whetherexistingnow orlater. DEED OF TRUST Loan No: 974497979 (Continued)Page 6 EventsAffectingGuarantor.Any oftheprecedingeventsoccurswithrespectto anyGuarantorofanyofthe indebtednessoranyGuarantordiesorbecomesincompetent,orrevokesor disputesthevalidityof,orliability under,anyGuarantyoftheIndebtedness. AdverseChange.A materialadversechangeoccursinBorrower'sorGrantorsfinancialcondition,orLender believestheprospectofpaymentorperformanceoftheIndebtednessisimpaired. Insecurity.Lenderingoodfaithbelievesitselfinsecure. RighttoCure.Ifanydefault,otherthanadefaultinpaymentiscurableandifGrantorhasnotbeengivenanotice ofa breachofthesameprovisionofthisDeedofTrustwithintheprecedingtwelve(12)months,itmay becuredif Grantor,afterLendersendswrittennoticetoBorrowerdemandingcureofsuchdefault:(1)curesthedefault withinfifteen(15)days;or (2)ifthecurerequiresmorethanfifteen(15)days,immediatelyinitiatesstepswhich LenderdeemsinLender'ssolediscretiontobe sufficienttocurethedefaultandthereaftercontinuesand completesallreasonableandnecessarystepssufficienttoproducecomplianceassoonasreasonablypractical. RIGHTSAND REMEDIESON DEFAULT.IfanEventofDefaultoccursunderthisDeedofTrust,atanytimethereafter, TrusteeorLendermay exerciseanyoneormoreofthefollowingrightsandremedies: ElectionofRemedies.ElectionbyLendertopursueanyremedyshallnotexcludepursuitofanyotherremedy,and anelectiontomake expendituresortotakeactiontoperforman obligationofGrantorunderthisDeedofTrust, afterGrantor'sfailuretoperform,shallnotaffectLender'srighttodeclareadefaultandexerciseitsremedies. AccelerateIndebtedness.LendershallhavetherightatitsoptiontodeclaretheentireIndebtednessimmediately dueandpayable,includinganyprepaymentpenaltywhichBorrowerwouldberequiredtopay. Foreclosure.WithrespecttoalloranypartoftheRealProperty,theTrusteeshallhavetherighttoexerciseits powerofsaleandtoforecloseby noticeand sale,and Lendershallhavetherighttoforeclosebyjudicial foreclosure,ineithercaseinaccordancewithandtothefullextentprovidedbyapplicablelaw. UCC Remedies.WithrespecttoalloranypartofthePersonalProperty,Lendershallhavealltherightsand remediesofasecuredpartyundertheUniformCommercialCode. CollectRents.Lendershallhavetheright,withoutnoticetoBorroweror Grantorto takepossessionofand managethePropertyandcollecttheRents,includingamountspastdueand unpaid,andapplythenetproceeds, overandaboveLender'scosts,againsttheIndebtedness.Infurtheranceofthisright,Lendermay requireany tenantorotheruserofthePropertytomake paymentsofrentorusefeesdirectlytoLender.IftheRentsare collectedby Lender,thenGrantorirrevocablydesignatesLenderas Grantor'sattorney-in-factto endorse instrumentsreceivedinpaymentthereofinthename ofGrantorandto negotiatethesame andcollectthe proceeds.Paymentsby tenantsor otheruserstoLenderinresponseto Lender'sdemand shallsatisfythe obligationsforwhichthepaymentsaremade,whetherornotanypropergroundsforthedemandexisted.Lender may exerciseitsrightsunderthissubparagrapheitherinperson,byagent,orthroughareceiver. AppointReceiver.Lendershallhavetherighttohaveareceiverappointedtotakepossessionofalloranypartof theProperty,withthepowertoprotectandpreservetheProperty,tooperatethePropertyprecedingorpending foreclosureorsale,andtocollecttheRentsfromthePropertyandapplytheproceeds,overandabovethecostof thereceivership,againsttheIndebtedness.Thereceivermay servewithoutbondifpermittedby law.Lender's righttotheappointmentofa receivershallexistwhetherornottheapparentvalueofthePropertyexceedsthe Indebtednessbya substantialamount.Employmentby Lendershallnotdisqualifyapersonfromservingasa receiver. TenancyatSufferance.IfGrantorremainsinpossessionofthePropertyafterthePropertyissoldas provided aboveorLenderotherwisebecomesentitledtopossessionofthePropertyupondefaultofBorrowerorGrantor, Grantorshallbecomea tenantatsufferanceofLenderorthepurchaserofthePropertyand shall,atLender's option,either(1)paya reasonablerentalfortheuseoftheProperty,or (2)vacatetheProperlyimmediately uponthedemandofLender. OtherRemedies.TrusteeorLendershallhaveanyotherrightorremedyprovidedinthisDeedofTrustortheNote oravailableatlaworinequity. NoticeofSale.LendershallgiveGrantorreasonablenoticeofthetimeandplaceofanypubilesaleofthePersonal PropertyorofthetimeafterwhichanyprivatesaleorotherintendeddispositionofthePersonalPropertyistobe made.Reasonablenoticeshallmeannoticegivenat.Ieastten(10)daysbeforethetimeofthesaleordisposition. Any saleofthePersonalPropertymay bemadeinconjunctionwithanysaleoftheRealProperty. SaleoftheProperty.Totheextentpermittedbyapplicablelaw,BorrowerandGrantorherebywaivesanyandall rightstohavethePropertymarshalled.Inexercisingitsrightsandremedies,theTrusteeorLendershallbefreeto sellalloranypartofthePropertytogetherorseparately,inonesaleorby separatesales.Lendershallbeentitled tobidatanypublicsaleonalloranyportionoftheProperty. Attorneys'Fees;Expenses.IfLenderinstitutesanysuitoractiontoenforceany ofthetermsofthisDeedof Trust,Lendershallbeentitledtorecoversuchsumasthecourtmayadjudgereasonableasattorneys'feesattrial and uponanyappeal.Whetherornotanycourtactionisinvolved,andtotheextentnotprohibitedbylaw,all reasonableexpensesLenderincursthatinLender'sopinionarenecessaryatanytimefortheprotectionofits interestortheenforcementofitsrightsshallbecomea partoftheIndebtednesspayableondemandandshallbear interestattheNoteratefromthedateoftheexpenditureuntilrepaid.Expensescoveredbythisparagraphinclude, withoutlimitation,howeversubjecttoanylimitsunderapplicablelaw,Lendersattorneys'feesandLender'slegal expenses,whetherornotthereisa lawsuit,includingattorneys'feesandexpensesforbankruptcyproceedings (includingeffortstomodifyorvacateanyautomaticstayorinjunction),appeals,andanyanticipatedpost-judgment collectionservices,thecostofsearchingrecords,obtainingtitlereports(includingforeclosurereports),surveyors' reports,andappraisalfees,titleinsurance,andfeesfortheTrustee,totheextentpermittedby applicablelaw. Grantoralsowillpayanycourtcosts,inadditiontoallothersumsprovidedby law. RightsofTrustee.TrusteeshallhavealloftherightsanddutiesofLenderassetforthinthissection. POWERS AND OBLIGATIONSOFTRUSTEE.ThefollowingprovisionsrelatingtothepowersandobligationsofTrustee (pursuanttoLender'sinstructions)arepartofthisDeedofTrust: PowersofTrustee.InadditiontoallpowersofTrusteearisingasa matteroflaw,Trusteeshallhavethepowerto takethefollowingactionswithrespecttothePropertyuponthewrittenrequestofLenderandGrantor:(a)joinin preparingand filingamap orplatoftheRealProperty,includingthededicationofstreetsorotherrightstothe public;(b)joiningrantinganyeasementorcreatinganyrestrictionontheRealProperty;and (c)joininany subordinationorotheragreementaffectingthisDeedofTrustortheinterestofLenderunderthisDeedofTrust. ObligationstoNotify.Trusteeshallnotbe obligatedtonotifyanyotherpartyofa pendingsaleunderanyother trustdeedorlien,orof anyactionorproceedinginwhichGrantor,Lender,orTrusteeshallbea party,unless DEED OF TRUST Loan No:974497979 (Continued)Page 7 requiredbyapplicablelaw,orunlesstheactionorproceedingisbroughtbyTrustee. Trustee.TrusteeshallmeetallqualificationsrequiredforTrusteeunderapplicablelaw.Inadditiontotherights andremediessetforthabove,withrespecttoalloranypartoftheProperty,theTrusteeshallhavetherightto foreclosebynoticeandsale,andLendershallhavetherighttoforeclosebyjudicialforeclosure,ineithercasein accordancewithandtothefullextentprovidedbyapplicablelaw. SuccessorTrustee.Lender,atLender'soption,may fromtimetotimeappointasuccessorTrusteetoanyTrustee appointedunderthisDeedofTrustby aninstrumentexecutedandacknowledgedby Lenderandrecordedinthe officeoftherecorderofThurstonCounty,StateofWashington.Theinstrumentshallcontain,inadditiontoall othermattersrequiredbystatelaw,thenamesoftheoriginalLender,Trustee,andGrantor,thebookandpageor theAuditor'sFileNumberwherethisDeedofTrustisrecorded,and thenameandaddressofthesuccessor trustee,andtheinstrumentshallbeexecutedandacknowledgedby Lenderoritssuccessorsininterest.The successortrustee,withoutconveyanceoftheProperty,shallsucceedtoallthetitle,power,anddutiesconferred upontheTrusteeinthisDeedofTrustand byapplicablelaw.ThisprocedureforsubstitutionofTrusteeshall governtotheexclusionofallotherprovisionsforsubstitution. NOTICES.Subjecttoapplicablelaw,andexceptfornoticerequiredorallowedby lawtobegiveninanothermanner, anynoticerequiredtobe givenunderthisDeedofTrust,includingwithoutlimitationanynoticeofdefaultand any noticeofsaleshallbe giveninwriting,andshallbe effective when actuallydelivered,when actuallyreceivedby telefacsimile(unlessotherwiserequiredbylaw),when depositedwitha nationallyrecognizedovernightcourier,or,if mailed,when depositedintheUnitedStatesmail,asfirstclass,certifiedorregisteredmailpostageprepaid,directedto theaddressesshownnearthebeginningofthisDeedofTrust.AIIcopiesofnoticesofforeclosurefromtheholderof anylienwhichhaspriorityoverthisDeedofTrustshallbe senttoLender'saddress,asshown nearthebeginningof thisDeedofTrust.Any partymay changeitsaddressfornoticesunderthisDeedofTrustbygivingformalwritten noticetotheotherparties,specifyingthatthepurposeofthenoticeistochangetheparty'saddress.Fornotice purposes,GrantoragreestokeepLenderinformedatalltimesofGrantor'scurrentaddress.Subjecttoapplicablelaw, andexceptfornoticerequiredorallowedbylawtobegiveninanothermanner,ifthereismorethanoneGrantor,any noticegivenbyLendertoanyGrantorisdeemedtobenoticegiventoallGrantors. MISCELLANEOUSPROVISIONS.Thefollowingmiscellaneousprovisionsarea partofthisDeedofTrust: Amendments.ThisDeedofTrust,togetherwithanyRelatedDocuments,constitutestheentireunderstandingand agreementofthepartiesastothematterssetforthinthisDeedofTrust.No alterationoforamendmenttothis DeedofTrustshallbe effectiveunlessgiveninwritingandsignedbythepartyorpartiessoughttobechargedor boundbythealterationoramendment. AnnualRepoets,ifthePropertyisusedforpurposesotherthanGrantor'sresidence,Grantorshallfurnishto Lender,uponrequest,a certifiedstatementofnetoperatingincomereceivedfromthePropertyduringGrantor's previousfiscalyearinsuchformanddetailasLendershallrequire."Netoperatingincome"shallmeanallcash receiptsfromthePropertylessallcashexpendituresmadeinconnectionwiththeoperationoftheProperty. CaptionHeadings.CaptionheadingsinthisDeedofTrustareforconveniencepurposesonlyandarenottobe usedtointerpretordefinetheprovisionsofthisDeedofTrust. Merger.Thereshallbeno mergeroftheinterestorestatecreatedbythisDeedofTrustwithanyotherinterestor estateinthePropertyatanytimeheldbyorforthebenefitofLenderinanycapacity,withoutthewrittenconsent ofLender. GoverningLaw. ThisDeedofTrustwillbe governedby federallawapplicabletoLenderand,totheextentnot preemptedby federallaw,thelawsoftheStateofWashingtonwithoutregardtoitsconflictsoflawprovisions. ThisDeedofTrusthasbeenacceptedbyLenderintheStateofWashington. ChoiceofVenue.Ifthereisa lawsuit,GrantoragreesuponLender'srequesttosubmittothejurisdictionofthe courtsofGraysHarborCounty,StateofWashington. JointandSeveralLlability.AllobligationsofBorrowerandGrantorunderthisDeedofTrustshallbe jointand several,andallreferencestoGrantorshallmeaneachandeveryGrantor,andallreferencestoBorrowershallmean eachand everyBorrower.ThismeansthateachGrantorsigningbelowisresponsibleforallobligationsinthis DeedofTrust.Whereanyoneormoreofthepartiesisa corporation,partnership,limitedliabilitycompanyor similarentity,itisnotnecessaryforLendertoinquireintothepowersofanyoftheofficers,directors,partners, members,orotheragentsactingorpurportingtoactontheentity'sbehalf,andanyobligationsmadeorcreatedin relianceupontheprofessedexerciseofsuchpowersshallbeguaranteedunderthisDeedofTrust. No Walverby Lender.LendershallnotbedeemedtohavewaivedanyrightsunderthisDeedofTrustunlesssuch walverisgiveninwritingandsignedbyLender.No delayoromissiononthepartofLenderinexercisinganyright shalloperateasawaiverofsuchrightoranyotherright.A waiverby Lenderofa provisionofthisDeedofTrust shallnotprejudiceorconstitutea waiverof Lender'srightotherwiseto demandstrictcompliancewiththat provisionorany otherprovisionofthisDeed ofTrust.No priorwaiverby Lender,norany courseofdealing betweenLenderandGrantor,shallconstituteawaiverofanyofLender'srightsorofanyofGrantor'sobligations astoanyfuturetransactions.WhenevertheconsentofLenderisrequiredunderthisDeedofTrust,thegranting ofsuchconsentby Lenderinanyinstanceshallnotconstitutecontinuingconsenttosubsequentinstanceswhere suchconsentisrequiredandinallcasessuchconsentmay begrantedorwithheldinthesolediscretionofLender. Severability.IfacourtofcompetentjurisdictionfindsanyprovisionofthisDeedofTrusttobe illegal,invalid,or unenforceableas to any circumstance,thatfindingshallnotmake theoffendingprovisionillegal,invalid,or unenforceableastoanyothercircumstance.Iffeasible,theoffendingprovisionshallbeconsideredmodifiedso thatitbecomeslegal,validand enforceable.Iftheoffendingprovisioncannotbe so modified,itshallbe considereddeletedfromthisDeedofTrust.Unlessotherwiserequiredby law,theillegality,invalidity,or unenforceabilityofanyprovisionofthisDeedofTrustshallnotaffectthelegality,validityorenforceabilityofanyotherprovisionofthisDeedofTrust. SuccessorsandAssigns.SubjecttoanylimitationsstatedinthisDeedofTrustontransferofGrantor'sinterest, thisDeedofTrustshallbe bindinguponandinuretothebenefitoftheparties,theirsuccessorsandassigns.If ownershipofthePropertybecomesvestedina personotherthanGrantor,Lender,withoutnoticetoGrantor,maydealwithGrantor'ssuccessorswithreferencetothisDeedofTrustandtheIndebtednessbyway offorbearanceor extensionwithoutreleasingGrantorfromtheobligationsofthisDeedofTrustorliabilityundertheIndebtedness. TimeisoftheEssence.TimeisoftheessenceintheperformanceofthisDeedofTrust. WaiverofHomesteadExemption.Grantorherebyreleasesandwaivesallrightsandbenefitsofthehomestead exemptionlawsoftheStateofWashingtonastoallindebtednesssecuredbythisDeedofTrust. DEFINITIONS.The followingcapitalizedwordsandtermsshallhavethefollowingmeaningswhenusedinthisDeedof Trust.Unlessspecificallystatedtothecontrary,allreferencestodollaramountsshallmeanamountsinlawfulmoney DEED OF TRUST Loan No: 974497979 (Continued)Page a oftheUnitedStatesofAmerica.Wordsandtermsusedinthesingularshallincludetheplural,andthepluralshall includethesingular,asthecontextmay require.WordsandtermsnototherwisedefinedinthisDeedofTrustshall havethemeaningsattributedtosuchtermsintheUniformCommercialCode: Beneficiary.Theword"Beneficiary"meansTimberlandBank,anditssuccessorsandassigns. Borrower.Theword"Borrower"meansPrairieParkHoldings,LLCand includesallco-signersand co-makers signingtheNoteandalltheirsuccessorsandassigns. DeedofTrust.Thewords"DeedofTrust"meanthisDeedofTrustamong Grantor,Lender,andTrustee,and includeswithoutlimitationallassignmentand securityinterestprovisionsrelatingtothePersonalPropertyand Rents. Default.Theword"Default"meanstheDefaultsetforthinthisDeedofTrustinthesectiontitled"Default". EventofDefault.Thewords"EventofDefault"meananyoftheeventsofdefaultsetforthinthisDeedofTrustin theeventsofdefaultsectionofthisDeedofTrust. Grantor.Theword"Grantor"meansC.Sisters,LLC. Guarantor.Theword"Guarantor"meansany guarantor,surety,oraccommodationpartyof anyorallofthe Indebtedness. Guaranty.Theword "Guaranty"meanstheguarantyfromGuarantorto Lender,includingwithoutlimitationa guarantyofallorpartoftheNote. Improvements.The word "Improvements"meansallexistingand futureimprovements,buildings,structures, mobilehomesaffixedontheRealProperty,facilities,additions,replacementsandotherconstructionontheReal Property. Indebtedness.The word "Indebtedness"meansallprincipal,interest,andotheramounts,costsand expenses payableundertheNoteorRelatedDocuments,togetherwithallrenewalsof,extensionsof,modificationsof, consolidationsofandsubstitutionsfortheNoteorRelatedDocumentsandanyamountsexpendedoradvancedby Lenderto dischargeGrantor'sobligationsorexpensesincurredby Trusteeor LendertoenforceGrantor's obligationsunderthisDeedofTrust,togetherwithinterestonsuchamountsas providedinthisDeedofTrust. Specifically,withoutlimitation,Indebtednessincludesallamountsthatmay be indirectlysecuredby the Cross-CollateralizationprovisionofthisDeedofTrust. Lender.Theword"Lender"meansTimberlandBank,itssuccessorsandassigns. Note.Theword"Note"meansthepromissorynotedatedJune19,2013,inthe OriginalprincipalafTIOUnt of $2,000,000.00 fromBorrowertoLender,togetherwithallrenewalsof,extensionsof,modificationsof, refinancingsof,consolidationsof,andsubstitutionsforthepromissorynoteoragreement.NOTICETO GRANTOR: THE NOTE CONTAINSA VARIABLEINTERESTRATE. PersonalProperty.The words"PersonalProperty"meanallequipment,fixtures,and otherarticlesofpersonal propertynow or hereafterowned by Grantor,andnow orhereafterattachedoraffixedtotheRealProperty; togetherwithallaccessions,parts,andadditionsto,allreplacementsof,andallsubstitutionsfor,anyofsuch property;andtogetherwithallissuesandprofitsthereonandproceeds(includingwithoutlimitationallinsurance proceedsandrefundsofpremiums)fromanysaleorotherdispositionoftheProperty. Property.Theword"Property"meanscollectivelytheRealPropertyandthePersonalProperty. RealProperty.Thewords"RealProperty"meantherealproperty,interestsandrights,asfurtherdescribedinthis DeedofTrust. RelatedDocuments.The words"RelatedDocuments"mean allpromissorynotes,creditagreements,loan agreements,securityagreements,mortgages,deedsoftrust,securitydeeds,collateralmortgages,andallother instruments,agreementsand documents,whethernow orhereafterexisting,executedinconnectionwiththe Indebtedness;provided,thatguarantiesandenvironmentalindemnityagreementsarenot"RelatedDocuments"and arenotsecuredbythisDeedofTrust. Rents.Theword"Rents"meansallpresentandfuturerents,revenues,income,issues,royalties,profits,and otherbenefitsderivedfromtheProperty. Trustee.Theword"Trustee"meansTimberlandServiceCorporation,whose mailingaddressis624 Simpson Avenue,Hoquiam,WA 98550andanysubstituteorsuccessortrustees. GRANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONSOF THISDEED OF TRUST,AND GRANTOR AGREES TO ITSTERMS. GRANTOR: MargaretAClapp,Managerof6:Sis DEED OF TRUST Loan No:974497979 (Continued) es it Page 9 LIMITED LIABILITY COMPANY ACKNOWLEDG STATEOF ) y My W COUNTY OF )'%w Onthis dayof 6-,20/,boMA e undersigned NotaryPublic,personallyappearedMargantA ,p,ManagerofC.Sisters,LLC,and personallyknowntome or provedtome on thebasisofsatisfactoryevide tobea memberordesignatedagentofthelimitedliabilitycompany thatexecutedtheDeedofTrustandacknowledgedtheDeedofTrusttobethefreeandvoluntaryactanddeedofthe limitedliabilitycompany,byauthorityofstatute,itsarticlesoforganizationoritsoperatingagreement,fortheusesand purposesthereinmenti ndonoathstatedthatheorshe isauthorizedtoexecuteth DeedofTrustandinfact executedtheDedd st behalfofthelimitedliabilitycompany. By Residingat V9 NotaryPublicinandfortheStateof My commissionexpis REQUEST FOR FULL RECONVEYANCE To:,Trustee The undersignedisthelegalownerandholderofallindebtednesssecuredby thisDeedofTrust.You arehereby requested,uponpaymentofallsumsowingtoyou,toreconveywithoutwarranty,tothepersonsentitledthereto,the right,titleandinterestnowheldbyyouundertheDeedofTrust. Date:Beneficiary: By: Its: LASERPRO Lending,Ver.12.4.10.003Copr.HarlandFinancialSolutions,Inc.1997,2013.AllRightsReserved.- WA F:\HARLAND\CFl\LPL\G01.FCTR-30327PR-3 RETURN ADDRESS: TImberlandBank OlympiaBranch 423 WashingtonStreetSE Olympia,WA 98501 THURSTON COUNTY TITLE CO. ASSIGNMENT OF RENTS 44ty Reference#(ifapplicable):974497979 Additionalon page Grantor(s): 1.C.Sisters,LLC Grantee(s) 1.TimberlandBank LegalDescription:PcIA BLA-12-0110-YL;PclA BLA-8028 &Pd 2 SS-8601 Additionalon page 2 Assessor's Tax Parcel ID#:6430-37-00100,9900-20-39082,9900-20-45370, 9900-20-52634, 9900-20-52635,6430-37-00205,227-19-340600,990000-2 /02. THIS ASSIGNMENT OF RENTS dated June 19,2013,is made and executed between C. Sisters,LLC;a Washington LimitedLiabilityCompany (referredto below as "Grantor")and TimberlandBank,whose mailingaddress is423 Washington StreetSE Olympia, WA 98501,624 Simpson Avenue ,Hoquiam,WA 98550 (referredto below as "Lender"). 4343153 Pages: 6 06/19/201303:59PM AssignmentThurstonCountyWashingtonTHURSTONCOUNTYTITLE HIII Wa NW 0 M'A'AMWMM A III ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 2 ASSIGNMENT. Forvaluableconsideration,Grantorherebyassigns,grantsa continuingsecurity interestin,and conveys to Lender allof Grantor'sright,title,and interestin and to the Rents from the followingdescribedPropertylocatedinThurstonCounty,Stateof Washington: Parcel1: ParcelA of Boundary Line Adjustment No.BLA-12-0110-YL,as recorded May 10,2012 under Auditor'sFileNo. 4265166. Parcel2: ParcelA of Boundary Line Adjustment No.BLA-8028,as recorded May 10,1990 under Auditor'sFileNo. 9005100240. Parcel3: Parcel2 of ShortSubdivisionNo.SS-8601,as recordedAugust 12,1986 under Auditor's FileNo.8608120002. The Propertyor itsaddressis commonly known as 701 Prairie Park Lane SE and 502 Yelm Avenue E,Yelm,WA 98597.The Propertytax identificationnumber is 6430-37-00100, 9900-20-39082,9900-20-45370,9900-20-52634,9900-20-52635,6430-37-00205, 227-19-340600,900 20-77'9Y2 CROSS-COLLATERALIZATION.InadditiontotheNote,thisAssignmentsecuresallobligations,debtsandliabilities, plusinterestthereon,ofeitherGrantororBorrowertoLender,oranyoneormoreofthem,as wellas allclaimsby LenderagainstBorrowerandGrantororanyoneormoreofthem,whethernow existingorhereafterarising,whether relatedorunrelatedtothepurposeoftheNote,whethervoluntaryorotherwise,whetherdue ornotdue,director indirect,determinedorundetermined,absoluteorcontingent,liquidatedorunilquidated,whetherBorrowerorGrantor may be Ilableindividuallyorjointlywithothers,whetherobligatedas guarantor,surety,accommodationpartyor otherwise,and whetherrecoveryuponsuchamountsmay be orhereaftermay becomebarredby any statuteof limitations,and whetherthe obligationtorepaysuchamountsmay be or hereaftermay become otherwise unenforceable. COLLATERALDESCRIPTION.Theword"Rents"asusedinthisAssignmentmeansallofGrantor'spresentandfuture rights,titleandinterestin,toand underthefollowingdescribedspecificLeaseofallor a portionoftheproperty describedinthe"Assignment"sectionherein. Thefollowingisa generaldescriptionofthespecificlease. LEASETYPE:Term LeaseDate: StartDate:January1,2001 EndDate: December31,2015 Lessee(s):PrairieParkHoldings,LLC;PO Box5210;Yelm,WA 98597 DescriptionofthePremises: RentalAmount; DepositAmount: LeaseTerms: RecordingData: THISASSIGNMENTISGIVENTO SECURE (1)PAYMENT OFTHE INDEBTEDNESSAND (2)PERFORMANCEOF ANY AND ALLOBLIGATIONSOF BORROWER AND GRANTOR UNDERTHE NOTE,THISASSIGNMENT,AND THERELATED DOCUMENTS. THISASSIGNMENTISGIVENAND ACCEPTEDON THE FOLLOWINGTERMS: GRANTOR'SWAIVERS.Grantorwaivesallrightsordefensesarisingbyreasonofany"oneaction"or"anti-deficiency" law,or any otherlawwhichmay prevent Lenderfrombringingany actionagainstGrantor,includinga claimfor deficiencytotheextentLenderisotherwiseentitledtoaclaimfordeficiency,beforeorafterLender'scommencement orcompletionofanyforeclosureaction,eitherjudiciallyorbyexerciseofa powerofsale. BORROWER'SWAlVERSAND RESPONSIBILITIES.LenderneednottellBorroweraboutanyactionorinactionLender takesinconnectionwiththisAssignment.Borrowerassumestheresponsibilityforbeingandkeepinginformedabout theProperty.Borrowerwaivesanydefensesthatmay arisebecauseofanyactionor inactionofLender,including withoutlimitationanyfailureofLenderto realizeupontheProperty,or any delayby Lenderinrealizinguponthe Property.BorroweragreestoremainliableundertheNotewithLenderno matterwhatactionLendertakesorfailsto takeunderthisAssignment. PAYMENT AND PERFORMANCE.ExceptasotherwiseprovidedinthisAssignmentoranyRelatedDocuments,Grantor shallpaytoLenderallamountssecuredby thisAssignmentas theybecomedue,and shallstrictlyperformallof Grantor'sobligationsunderthisAssignment.UnlessanduntilLenderexercisesitsrighttocollecttheRentsasprovided belowandso longasthereisnodefaultunderthisAssignment,Grantormay remaininpossessionandcontrolofand operateandmanagethePropertyandcollecttheRents,providedthatthegrantingoftherighttocollecttheRentsshall notconstituteLender'sconsenttotheuseofcashcoliateralinabankruptcyproceeding. GRANTOR'SREPRESENTATIONSAND WARRANTIES.Grantorwarrantsthat: Ownership.GrantorisentitledtoreceivetheRentsfreeandclearofallrights,loans,liens,encumbrances,and claimsexceptasdisclosedtoandacceptedbyLenderinwriting. RighttoAssign.Grantorhasthefullright,powerandauthoritytoenterintothisAssignmentandtoassignand conveytheRentstoLender. No PriorAssignment.GrantorhasnotpreviouslyassignedorconveyedtheRentstoanyotherpersonbyany instrumentnow inforce. NoFurtherTransfer.Grantorwillnotsell,assign,encumber,orotherwisedisposeofanyofGrantor'srightsinthe RentsexceptasprovidedinthisAssignment. ASSIGNMENT OF RENTS Loan No: 974497979 (Continued)Page 3 LENDER'SRIGHTTO RECEIVEAND COLLECTRENTS.Lendershallhavetherightatanytime,andeventhoughno defaultshallhaveoccurredunderthisAssignment,tocollectandreceivetheRents.Forthispurpose,Lenderishereby givenandgrantedthefollowingrights,powersandauthority: NoticetoTenants.Lendermay sendnoticesto any andalltenantsofthePropertyadvisingthemofthis AssignmentanddirectingallRentstobe paiddirectlytoLenderorLender'sagent. EntertheProperty.Lendermay enteruponandtakepossessionoftheProperty;demand,collectandreceivefrom thetenantsorfromanyotherpersonsIlabletherefor,alloftheRents;instituteandcarryonalllegalproceedings necessaryforthe protectionoftheProperty,includingsuch proceedingsas may be necessaryto recover possessionoftheProperty;collecttheRentsandremoveanytenantortenantsorotherpersonsfromtheProperty. MaIntaIntheProperty.Lendermay enteruponthePropertytomaintainthePropertyandkeepthesameinrepair; topaythecoststhereofandofallservicesofallemployees,includingtheirequipment,andofallcontinuingcosts andexpensesofmaintainingthePropertyinproperrepairandcondition,andalsotopayalltaxes,assessmentsand waterutilities,andthepremiumsonfireandotherinsuranceeffectedbyLenderontheProperty. CompliancewithLaws.Lendermay do anyandallthingstoexecuteandcomplywiththelawsoftheStateof Washingtonandalsoallotherlaws,rules,orders,ordinancesandrequirementsofallothergovernmentalagencies affectingtheProperty. LeasetheProperty.Lendermay rentorleasethewholeoranypartofthePropertyforsuchtermortermsandon suchconditionsasLendermay deemappropriate. EmployAgents.Lendermay engage suchagentoragentsasLendermay deem appmpriate,eitherinLender's name orinGrantor'sname,torentandmanagetheProperty,includingthecollectionandapplicationofRents. OtherActs.Lendermay do alisuchotherthingsandactswithrespecttothePropertyas Lendermay deem appropriateandmay actexclusivelyandsolelyintheplaceandsteadofGrantorandtohaveallofthepowersof Grantorforthepurposesstatedabove. No RequirementtoAct.Lendershallnotbe requiredtodo anyoftheforegoingactsorthings,andthefactthat LendershallhaveperformedoneormoreoftheforegoingactsorthingsshallnotrequireLendertodo anyother specificactorthing. APPLICATIONOF RENTS. AIIcostsandexpensesincurredby LenderinconnectionwiththePropertyshallbefor Grantor'saccountandLendermay pay suchcostsandexpensesfromtheRents.Lender,initssolediscretion,shall determinetheapplicationofanyandallRentsreceivedby it;however,anysuchRentsreceivedby Lenderwhichare notappliedtosuchcostsandexpensesshallbe appliedtotheIndebtedness.Allexpendituresmade by Lenderunder thisAssignmentand not reimbursedfrom theRentsshallbecomea partoftheIndebtednesssecuredby this Assignment,andshallbepayableondemand,withinterestattheNoteratefromdateofexpenditureuntilpaid. FULLPERFORMANCE. IfGrantorpaysalloftheIndebtednesswhen dueandotherwiseperformsalltheobligations imposeduponGrantorunderthisAssignment,theNote,andtheRelatedDocuments,Lendershallexecuteanddeliverto GrantorasuitablesatisfactionofthisAssignmentandsuitablestatementsofterminationofanyfinancingstatementon fileevidencingLender'ssecurityinterestintheRentsandtheProperty.Any terminationfeerequiredby lawshallbe paidbyGrantor,ifpermittedbyapplicablelaw. LENDER'SEXPENDITURES.IfanyactionorproceedingiscommencedthatwouldmateriallyaffectLendefsinterestin thePropertyorifGrantorfailstocomplywithanyprovisionofthisAssignmentoranyRelatedDocuments,includingbut notlimitedtoGrantor'sfailuretodischargeorpaywhendueanyamountsGrantorisrequiredtodischargeorpayunder thisAssignmentoranyRelatedDocuments,LenderonGrantor'sbehalfmay (but shallnotbe obligatedto)takeany actionthatLenderdeems appropriate,includingbutnotlimitedto dischargingorpayingalltaxes,liens,security interests,encumbrancesandotherclaims,atanytimeleviedorplacedontheRentsorthePropertyandpayingallcosts forinsuring,maintainingand preservingtheProperty.AH suchexpendituresincurredor paidby Lenderforsuch purposeswillthenbearinterestattheratechargedundertheNotefromthedateincurredorpaidby Lendertothedate ofrepaymentby Grantor.Allsuchexpenseswillbecomea partoftheIndebtednessand,atLender'soption,will(A) be payableon demand;(B)beaddedtothebalanceoftheNoteandbe apportionedamongandbe payablewithany installmentpaymentsto becomedue duringeither(1)thetermof any applicableinsurancepolicy;or (2)the remainingtermoftheNote;or (C)betreatedasa balloonpaymentwhichwillbe dueand payableattheNote's maturity.TheAssignmentalsowillsecurepaymentoftheseamounts.Suchrightshallbe inadditiontoallotherrights andremediestowhichLendermay beentitleduponDefault. DEFAULT.Eachofthefollowing,atLender'soption,shallconstituteanEventofDefaultunderthisAssignment: PaymentDefault.Borrowerfailstomakeanypaymentwhen dueundertheIndebtedness. OtherDefaults.BorrowerorGrantorfailstocomplywithortoperforrnanyotherterm,obligation,covenantor conditioncontainedinthisAssignmentorinanyoftheRelatedDocumentsortocomplywithortoperformany term,obligation,covenantorconditioncontainedinanyotheragreementbetweenLenderandBorrowerorGrantor. DefaultonOtherPayments.FailureofGrantorwithinthetimerequiredbythisAssignmenttomake anypayment fortaxesorinsurance,oranyotherpaymentnecessarytopreventfilingofortoeffectdischargeofanylien. DefaultinFavorofThirdPartles.Borrower,anyguarantororGrantordefaultsunderanyloan,extensionofcredit, securityagreement,purchaseorsalesagreement,oranyotheragreement,infavorofanyothercreditororperson thatmay materially affectanyof Borrower's,anyguarantofsorGrantor'spropertyorabilitytoperformtheir respectiveobligationsunderthisAssignmentoranyoftheRelatedDocuments. EnvironmentalDefault.Fallureofanypartytocomplywithorperformwhendueanyterm,obligation,covenantor conditioncontainedinanyenvironmentalagreementexecutedinconnectionwiththeProperty. FalseStatements.Anywarranty,representationorstatementmadeorfumishedtoLenderby BorrowerorGrantor oronBorrowersorGrantofsbehalfunderthisAssignmentortheRelatedDocumentsisfalseormisleadinginany materialrespect,eithernow oratthetimemade or furnishedorbecomesfalseor misleadingatany time thereafter. DefectiveCollateralization.ThisAssignmentoranyoftheRelatedDocumentsceasestobe infuliforceandeffect (includingfailureofanycollateraldocumenttocreateavalidandperfectedsecurityinterestorlien)atanytimeand foranyreason. Deathor Insolvency.The dissolutionofGrantor's(regardlessofwhetherelectionto continueismade),any member withdrawsfromthe limitedliabilitycompany,or any otherterminationofBorrower'sor Grantor's existenceasa goingbusinessorthedeathofanymember,theinsolvencyofBorrowerorGrantor,theappointment ofa receiverforanypartofBorrower'sorGrantor'sproperty,anyassignmentforthebenefitofcreditors,anytype ofcreditorworkout,orthecommencementof anyproceedingunderany bankruptcyor insolvencylawsby or againstBorrowerorGrantor. ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 4 CreditororForfeItureProceedings.Commencementofforeclosureorforfeitureproceedings,whetherbyjudicial proceeding,self-help,repossessionorany othermethod,by any creditorof Borroweror Grantoror by any govemmentalagencyagainsttheRentsoranypropertysecuringtheIndebtedness.Thisincludesagarnishmentof anyofBorrower'sorGrantor'saccounts,includingdepositaccounts,withLender.However,thisEventofDefault shallnotapplyifthereisa goodfaithdisputeby BorrowerorGrantorastothevalidityorreasonablenessofthe claimwhichisthebasisofthecreditororforfeitureproceedingand ifBorrowerorGrantorgivesLenderwritten noticeofthecreditororforfeitureproceedinganddepositswithLendermoniesora suretybondforthecreditoror forfeitureproceeding,.inan amountdeterminedby Lender,initssolediscretion,as beingan adequatereserveor bondforthedispute. PropertyDamageorLoss.ThePropertyislost,stolen,substantiallydamaged,sold,orborrowedagainst. EventsAffectingGuarantor.Any oftheprecedingeventsoccurswithrespectto anyGuarantorofany ofthe IndebtednessoranyGuarantordiesorbecomesincompetent,or revokesordisputesthevalidityof,or liability under,anyGuarantyoftheindebtedness. AdverseChange.A materialadversechangeoccursinGrantor'sfinancialcondition,orLenderbelievesthe prospectofpaymentorperformanceoftheIndebtednessisimpaired. Insecurity.Lenderingoodfaithbelievesitselfinsecure. CureProvisions.Ifanydefault,otherthana defaultinpaymentiscurableand ifGrantorhasnotbeengivena noticeofa breachofthesame provisionofthisAssignmentwithintheprecedingtwelve(12)months,itmay be curedifGrantor,afterLendersendswrittennoticetoBorrowerdemandingcureofsuchdefault:(1)curesthe defaultwithinfifteen(15)days;or (2)ifthecurerequiresmorethanfifteen(15)days,immediatelyinitiatessteps whichLenderdeemsinLender'ssolediscretiontobesufficienttocurethedefaultandthereaftercontinuesand completesallreasonableandnecessarystepssufficienttoproducecomplianceassoonasreasonablypractical. RIGHTSAND REMEDIESON DEFAULT.UpontheoccurrenceofanyEventofDefaultandatanytimethereafter,Lender may exerciseanyoneormoreofthefollowingrightsandremedies,inadditiontoanyotherrightsorremediesprovided bylaw. Accelerateindebtedness.LendershallhavetherightatitsoptionwithoutnoticetoBorrowerorGrantortodeclare theentireIndebtednessimmediatelydueandpayable,includinganyprepaymentpenaltythatBorrowerwouldbe requiredtopay. CollectRents.Lendershallhavetheright,withoutnoticetoBorrowerorGrantor,totakepossessionofthe PropertyandcollecttheRents,includingamountspastdueand unpaid,and applythenetproceeds,overand aboveLender'scosts,againsttheIndebtedness.Infurtheranceofthisright,Lendershallhavealltherights providedforintheLender'sRightto ReceiveandCollectRentsSection,above.IftheRentsarecollectedby Lender,thenGrantorirrevocablydesignatesLenderasGrantor'sattorney-in-facttoendorseinstrumentsmeeivedin paymentthereofinthenameofGrantorandtonegotiatethesameandcollecttheproceeds.Paymentsbytenants orotheruserstoLenderinresponsetoLender'sdemandshallsatisfytheobligationsforwhichthepaymentsam made,whetheror notanypropergroundsforthedemandexisted.Lendermay exerciseitsrightsunderthis subparagrapheitherinperson,byagent,orthroughareceiver. AppointReceiver.Lendershallhavetherighttohavea receiverappointedtotakepossessionofalloranypartof theProperty,withthepowertoprotectandpreservetheProperty,tooperatethePropertyprecedingorpending foreclosureorsale,andtocollecttheRentsfromthePropertyandapplytheproceeds,overandabovethecostof thereceivership,againsttheIndebtedness.The receivermay servewithoutbondifpermittedby law.Lender's righttotheappointmentofa receivershallexistwhetherornottheapparentvalueofthePropertyexceedsthe Indebtednessbya substantialamount.Employmentby Lendershallnotdisqualifyapersonfromservingas a receiver. OtherRemedies.LendershallhaveallotherrightsandremediesprovidedinthisAssignmentortheNoteorby law. ElectionofRemedies.ElectionbyLendertopursueanyremedyshallnotexcludepursuitofanyotherremedy,and anelectiontomakeexpendituresortotakeactiontoperforman obligationofGrantorunderthisAssignment,after Grantor'sfailuretoperform,shallnotaffectLender'srighttodeclareadefaultandexerciseitsremedies. Attorneys'Fees;Expenses.IfLenderinstitutesanysuitoractiontoenforceanyofthetermsofthisAssignment, Lendershallbeentitledtorecoversuchsum as thecourtmay adjudge reasonableasattorneys'feesattrialand uponanyappeal.Whetherornotany courtactionisinvolved,andtotheextentnotprohibitedbylaw,all reasonableexpensesLenderincursthatinLender'sopinionarenecessaryatanytimefortheprotectionofits interestortheenforcementofitsrightsshallbecomea partoftheIndebtednesspayableon demandandshallbear interestattheNoteratefromthedateoftheexpenditureuntilrepaid.Expensescoveredbythisparagraphinclude, withoutlimitation,howeversubjecttoanylimitsunderapplicablelaw,Lender'sattorneys'feesandLender'slegal expenses,whetherornotthereisa lawsuit,includingattorneys'feesandexpensesforbankruptcyproceedings (includingeffortstomodifyorvacateanyautomaticstayorinjunction),appeals,andanyanticipatedpost-judgment collectionservices,thecostofsearchingrecords,obtainingtitlereports(includingforeclosurereports),surveyors' reports,andappraisalfees,titleinsurance,andfeesfortheTrustee,totheextentpermittedbyapplicablelaw. Grantoralsowillpayanycourtcosts,inadditiontoallothersumsprovidedbylaw. MISCELLANEOUSPROVISIONS.Thefollowingmiscellaneousprovisionsarea partofthisAssignment: Amendments.ThisAssignment,togetherwithanyRelatedDocuments,constitutestheentireunderstandingand agreementofthepartiesas tothematterssetforthinthisAssignment.No alteration oforamendmenttothis Assignmentshallbe effectiveunlessgiveninwritingandsignedby thepartyorpartiessoughttobe chargedor boundbythealterationoramendment. CaptionHeadings.CaptionheadingsinthisAssignmentareforconveniencepurposesonlyandarenottobeused tointerpretordefinetheprovisionsofthisAssignment. GoverningLaw. ThisAssignmentwillbe governedby federallawapplicabletoLenderand,totheextentnot preemptedby federallaw,thelawsoftheStateofWashingtonwithoutregardtoitsconflictsoflawprovisions. ThisAssignmenthasbeenacceptedbyLenderintheStateofWashington. ChoIceofVenue.Ifthereisa lawsuit,GrantoragreesuponLender'srequesttosubmittothejurisdictionofthe courtsofGraysHarborCounty,StateofWashington. JointandSeveralLiability.AllobligationsofBorrowerandGrantorunderthisAssignmentshallbe jointand several,andallreferencestoGrantorshallmeaneachandeveryGrantor,andallreferencestoBorrowershallmean eachandeveryBorrower.ThismeansthateachGrantorsigningbelowisresponsibleforallobligationsinthis Assignment.Whereanyoneormoreofthepartiesisa corporation,partnership,limitedliabilitycompanyorsimilar entity,itisnotnecessaryforLendertoinquireintothepowersofanyoftheofficers,directors,partners,members, ASSIGNMENT OF RENTS Loan No: 974497979 (Continued)Page 5 orotheragentsactingorpurportingtoactontheentity'sbehalf,andanyobligationsmade orcreatedinreliance upontheprofessedexerciseofsuchpowersshallbeguaranteedunderthisAssignment. Merger.Thereshallbeno mergeroftheinterestorestatecreatedby thisassignmentwithanyotherinterestor estateinthePropertyatanytimeheldbyorforthebenefitofLenderinanycapacity,withoutthewrittenconsent ofLender. Interpretation.(1)InallcaseswherethereismorethanoneBorrowerorGrantor,thenallwordsusedinthis Assignmentinthesingularshallbedeemedtohavebeenusedinthepluralwherethecontextandconstructionso require.(2)IfmorethanonepersonsignsthisAssignmentas"Grantor,"theobligationsofeachGrantorarejoint andseveral.ThismeansthatifLenderbringsalawsuit,Lendermay sueany oneormoreoftheGrantors.If BorrowerandGrantorarenotthesame person,LenderneednotsueBorrowerfirst,andthatBorrowerneednotbe joinedinanylawsuit.(3)Thenamesgivento paragraphsorsectionsinthisAssignmentareforconvenience purposesonly.TheyarenottobeusedtointerpretordefinetheprovisionsofthisAssignment. No Waiverby Lender.Lendershallnotbe deemedtohavewaivedanyrightsunderthisAssignmentunlesssuch waiverisgiveninwritingandsignedbyLender.No delayoromissiononthepartofLenderinexercisinganyright shalloperateasa waiverofsuchrightoranyotherright.A waiverby Lenderofa provisionofthisAssignment shallnotprejudiceorconstituteawaiverof Lender'srightotherwiseto demandstrictcompliancewiththat provisionoranyotherprovisionofthisAssignment.No priorwaiverby Lender,noranycourseofdealingbetween LenderandGrantor,shallconstituteawaiverofanyofLender'srightsorofanyofGrantor'sobligationsastoany futuretransactions.WhenevertheconsentofLenderisrequiredunderthisAssignment,thegrantingofsuch consentby Lenderinanyinstanceshallnotconstitutecontinuingconsentto subsequentinstanceswheresuch consentisrequiredandinallcasessuchconsentmay begrantedorwithheldinthesolediscretionofLender. Notices.Subjectto applicablelaw,and exceptforhoticerequiredorallowedby lawtobe giveninanother manner,anynoticerequiredtobe givenunderthisAssignmentshallbe giveninwriting,andshallbe effective when actuallydelivered,when actuallyreceivedby telefacsimile(unlessothenNiserequiredby law),when depositedwitha nationallyrecognizedovernightcourier,or,ifmailed,when depositedintheUnitedStatesmail,as firstclass,certifiedorregisteredmailpostageprepaid,directedtotheaddressesshownnearthebeginningofthis Assignment.AnypartymaychangeitsaddressfornoticesunderthisAssignmentbygivingformalwrittennotice totheotherparties,specifyingthatthepurposeof thenoticeisto changetheparty'saddress.Fornotice purposes,GrantoragreestokeepLenderinformedatalltimesofGrantor'scurrentaddress.Subjecttoapplicable law,and exceptfornoticerequiredorallowedby lawtobe giveninanothermanner,ifthereismorethanone Grantor,anynoticegivenby LendertoanyGrantorisdeemedtobenoticegiventoallGrantors. PowersofAttorney.ThevariousagenciesandpowersofattomeyconveyedonLenderunderthisAssignmentare grantedforpurposesofsecurityandmay notberevokedbyGrantoruntilsuchtimeasthesamearerenouncedby Lender. Severability.Ifa courtofcompetentjurisdictionfindsanyprovisionofthisAssignmenttobe illegal,invalid,or unenforceableasto any circumstance,thatfindingshallnotmaketheoffendingprovisionillegal,invalid,or unenforceableastoanyothercircumstance.Iffeasible,theoffendingprovisionshallbe consideredmodifiedso thatitbecomeslegal,validandenforceable.Iftheoffendingprovisioncannotbe so modified,itshallbe considereddeletedfromthisAssignment.Unlessotherwiserequiredby law,the illegality,invalidity,or unenforceabilityofanyprovisionofthisAssignmentshallnotaffectthelegality,validityorenforceabilityofany otherprovisionofthisAssignment. SuccessorsandAssigns.SubjecttoanylimitationsstatedinthisAssignmentontransferofGrantor'sinterest,this Assignmentshallbe bindinguponand inuretothebenefitoftheparties,theirsuccessorsand assigns.If ownershipofthePropertybecomesvestedina personotherthanGrantor,Lender,withoutnoticetoGrantor,may dealwithGrantor'ssuccessorswithreferencetothisAssignmentandtheIndebtednessbyway offorbearanceor extensionwithoutreleasingGrantorfromtheobligationsofthisAssignmentorliabilityundertheIndebtedness. TimeisoftheEssence.TimeisoftheessenceintheperformanceofthisAssignment. WaiverofHomesteadExemption.Grantorherebyreleasesandwaivesallrightsandbenefitsofthehomestead exemptionlawsoftheStateofWashingtonastoallindebtednesssecuredbythisAssignment. Waiverof Rightof Redemption.NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY CONTAINEDINTHISASSIGNMENT,GRANTOR HEREBYWAIVESANY AND ALLRIGHTSOF REDEMPTIONFROM SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSUREON GRANTOR'S BEHALFAND ON BEHALFOF EACH AND EVERY PERSON,EXCEPTJUDGMENT CREDITORSOF GRANTOR,ACQUIRINGANY INTEREST INOR TITLETO THE PROPERTYSUBSEQUENTTO THE DATEOFTHISASSIGNMENT. DEFINITIONS.The followingcapitalizedwordsandtermsshallhavethefollowingmeaningswhen usedinthis Assignment.Unlessspecificallystatedtothecontrary,allreferencestodollaramountsshallmeanamountsinlawful moneyoftheUnitedStatesofAmerica.Wordsandtermsusedinthesingularshallincludetheplural,andtheplural shallincludethesingular,asthecontextmayrequire.WordsandtermsnototherwisedefinedinthisAssignmentshall havethemeaningsattributedtosuchtermsintheUniformCommercialCode: Assignment.Theword"Assignment"meansthisASSIGNMENTOF RENTS,asthisASSIGNMENT OF RENTS may beamendedormodifiedfromtimetotime,togetherwithallexhibitsandschedulesattachedtothisASSIGNMENT OF RENTSfromtimetotime. Borrower.Theword"Borrower"meansPrairieParkHoldings,LLC. Default.Theword"Default"meanstheDefaultsetforthinthisAssignmentinthesectiontitled"Default". EventofDefault.Thewords"EventofDefault"mean anyoftheeventsofdefaultsetforthinthisAssignmentin thedefaultsectionofthisAssignment. Grantor.Theword"Grantor"meansC.Sisters,LLC. Guarantor.Theword"Guarantor"meansanyguarantor,surety,oraccommodationpartyof anyorallofthe Indebtedness. Guaranty.Theword "Guaranty"meanstheguarantyfromGuarantorto Lender,includingwithoutlimitationa guarantyofallorpartoftheNote. Indebtedness.Theword "Indebtedness"meansallprincipal,interest,andotheramounts,costsandexpenses payableundertheNoteor RelatedDocuments,togetherwithallrenewalsof,extensionsof,modificationsof, consolidationsofandsubstitutionsfortheNoteorRelatedDocumentsandanyamountsexpendedoradvancedby Lenderto dischargeGrantor'sobligationsorexpensesincurredby Lenderto enforceGrantor'sobligationsunder thisAssignment,togetherwithinterestonsuchamountsas providedinthisAssignment.Specifically,without limitation,Indebtednessincludesallamountsthatmay be indirectlysecuredbytheCross-Collateralizationprovision ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 6 ofthisAssignment. Lease.Theword"Lease"meanstheleaseofthePropertybetweenLandlord,asdefinedinRelatedDocuments, andGrantor. Lender.Theword"Lender"meansTimberlandBank,itssuccessorsandassigns. Note.Theword"Note"meansthepromissorynotedatedJune19,2013,inthe Originalprincipalamount of $2,000,000.00 fromBorrowertoLender,togetherwithallrenewalsof,extensionsof,modificationsof, refinancingsof,consolidationsof,andsubstitutionsforthepromissorynoteoragreement. Property.Theword "Property"meansallof Grantor'sright,titleand interestinandto allthePropertyas describedinthe"Assignment"sectionofthisAssignment. RelatedDocuments.The words"RelatedDocuments"mean allpromissorynotes,creditagreements,loan agreements,environmentalagreements,guaranties,securityagreements,mortgages,deedsof trust,security deeds,collateralmortgages,and allotherinstruments,agreementsand documents,whethernow or hereafter existing,executedinconnectionwiththeIndebtedness. Rents.Theword"Rents"meansallofGrantor'spresentandfuturerights,titleandinterestin,toandunderany and allpresentandfutureleases,including,withoutlimitation,allrents,revenue,income,issues,royalties, bonuses,accountsreceivable,cashorsecuritydeposits,advancerentals,profitsandproceedsfromtheProperty, andotherpaymentsandbenefitsderivedortobederivedfromsuchleasesofeverykindandnature,whetherdue now orlater,includingwithoutlimitationGrantor'srighttoenforcesuchleasesandtoreceiveandcollectpayment andproceedsthereunder. THE UNDERSIGNEDACKNOWLEDGES HAVING READ ALL THE PROVISIONSOF THIS ASSIGNMENT,AND NOT PERSONALLYBUTAS AN AUTHORIZEDSIGNER,HAS CAUSED THISASSIGNMENTTO BE SIGNEDAND EXECUTED ON BEHALFOF GRANTOR ON JUNE 19,2013. GRANTOR: C.SISTERS,L By:--77 Ma aretA Cl anagerofg. LIMITED LIABILITY COMPANY ACKNOWL STATEOF {,E--)TA COUNTY OF LO'C (p /p J d 10-1 / On this dayof ,20 dersigned NotaryPublic,personallyappearedMargaretA lapp,Managerof C.Sisters,LL n tome or provedtome onthebasisofsatisfactoryevi e tobe amemberordesignatedagen I bilitycompany thatexecutedtheASSIGNMENTOF RENTSandacknowledgedtheAssignmenttobe thefreeandvoluntaryactand deedofthelimitedliabilitycompany,byauthorityofstatute,itsarticlesoforganizationoritsoperatingagreement,for theusesandpurposesthereinentioned,andon oathstatedthatheorsheisauthorizedtoexecutethisAssignment andinfactexecutedtheAs Eme}ntonbehalfofthelimitedliabilitycompany. By Residingat &1,6 NotaryPublicinandfortheStateof My commissionexpire LASERPRO Lending,Ver.12.4.10.003Copr.HarlandFinancialSolutions,Inc.1997,2013.AllRightsReserved.- WA F:\HARLAND\CFI\LPL\G14.FCTR-30327PR-3 RETURN ADDRESS: TimberlandBank HoqulamBranch 624 SimpsonAvenue Hoquiam,WA 98550 THUR N COUNTY TITLE 00. ASSIGNMENT OF RENTS /4 EfV2 Reference#(ifapplicable):974497979 Additionalon page Grantor(s): 1.PrairiePark Holdings,LLC Grantee(s) 1.TimberlandBank LegalDescription:PcIA BLA-12-0110-YL;PclA BLA-8028 &Pd 2 SS-8601 Additionalon page 2 Assessor's Tax Parcel ID#:6430-37-00100,9900-20-39082,9900-20-45370, 9900-20-52634, 9900-20-52635, 6430-37-00205,227-19-340600,999 fff 2 THIS ASSIGNMENT OF RENTS datedJune 19, 2013, ismade and executed between Prairie Park Holdings,LLC;a Limited LiabilityCompany (referredto below as "Grantor")and Timberland Bank,whose mailingaddress is 624 Simpson Avenue,Hoquiam,WA 98550 (referredto below as "Lender"). 4343154 Pages:6 06/19/201303:58PM Assignment ThurstonCountyWashington THURSTONCOUNTYTITLE Hill Wa N @,* MI*MMMilill*@i 11111 ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 2 ASSIGNMENT. For valuableconsideration,Grantorherebyassigns,grantsa continuingsecurity interestin,and conveys to Lenderallof Grantor'sright,title,and interestin and to the Rents from the followingdescribedPropertylocatedinThurstonCounty,Stateof Washington: Parcel1: ParcelA of Boundary LineAdjustment No.BLA-12-0110-YL,as recorded May 10,2012 under Auditor'sFileNo. 4265166. Parcel2: ParcelA of Boundary LineAdjustment No.BLA-8028,as recorded May 10,1990 under Auditor'sFileNo. 9005100240. Parcel3: Parcel2 of ShortSubdivisionNo.SS-8601,as recordedAugust 12,1986 under Auditor's FileNo.8608120002. InThurstonCounty,Washington. The Propertyor itsaddressis commonly known as 701 PrairiePark Lane SE and 502 Yelm Avenue E,Yelm,WA 98597. The Propertytax identificationnumber is 6430-37-00100, 9900-20-39082,9900-20-45370,9900-20-52634,9900-20-52635,6430-37-00205, 227-19-340600,900-ff -Gy/qf CROSS-COLLATERALIZATION.InadditiontotheNote,thisAssignmentsecuresallobligations,debtsandliabilities, plusinterestthereon,ofGrantortoLender,oranyoneormoreofthem,aswellasallclaimsby LenderagainstGrantor oranyoneormoreofthem,whethernow existingorhereafterarising,whetherrelatedorunrelatedtothepurposeof theNote,whethervoluntaryorotherwise,whetherdueornotdue,director indirect,determinedorundetermined, absoluteorcontingent,liquidatedorunliquidated,whetherGrantormay beliableindividuallyorjointlywithothers, whetherobligatedasguarantor,surety,accommodationpartyorotherwise,andwhetherrecoveryuponsuchamounts may beorhereaftermay becomebarredbyanystatuteoflimitations,andwhethertheobligationtorepaysuchamounts may beorhereaftermay becomeotherwiseunenforceable. COLLATERALDESCRIPTION.Theword"Rents"asusedinthisAssignmentmeansallofGrantorspresentandfuture rights,titleandinterestin,toandunderthefollowingdescribedspecificLeaseofallora portionof theproperty describedinthe"Assignment"sectionherein. Thefollowingisa generaldescriptionofthespecificlease: LEASETYPE: Term LeaseDate: StartDate:March13,2002 EndDate;February28,2022 Lessee(s):PrairieParkCinema,LLC DescriptionofthePremises: RentalAmount: DepositAmount: LeaseTerms: RecordingData: LeaseAgreementrecordedApril8,2002 underAuditor'sFile Number 3425560.Memorandum of LeaseAgreementdated August30,2012 and recordedSeptember28,2012 under Auditor'sFileNumber4291146 THISASSIGNMENT ISGIVENTO SECURE (1)PAYMENT OFTHE INDEBTEDNESSAND (2)PERFORMANCE OF ANY AND ALLOBLIGATIONSOF GRANTOR UNDER THE NOTE,THISASSIGNMENT,AND THE RELATEDDOCUMENTS. THISASSIGNMENTISGIVENAND ACCEPTEDON THEFOLLOWING TERMS: PAYMENT AND PERFORMANCE.ExceptasotherwiseprovidedinthisAssignmentoranyRelatedDocuments,Grantor shallpayto Lenderallamountssecuredby thisAssignmentas theybecomedue,and shallstrictlyperformallof Grantor'sobligationsunderthisAssignment.UnlessanduntilLenderexercisesitsrighttocollecttheRentsasprovided belowandso longasthereisno defaultunderthisAssignment,Grantormay remaininpossessionandcontrolofand operateandmanagethePropertyandcollecttheRents,providedthatthegrantingoftherighttocollecttheRentsshall notconstituteLendefsconsenttotheuseofcashcollateralinabankruptcyproceeding. GRANTOR'SREPRESENTATIONSAND WARRANTIES.Grantorwarrantsthat: Ownership.GrantorisentitledtoreceivetheRentsfreeandclearofallrights,loans,liens,encumbrances,and claimsexceptasdisclosedtoandacceptedbyLenderinwriting. RighttoAssign.Grantorhasthefullright,powerandauthoritytoenterintothisAssignmentandtoassignand conveytheRentstoLender. No PriorAssignment.GrantorhasnotpreviouslyassignedorconveyedtheRentstoany otherpersonbyany instrumentnowinforce. NoFurtherTransfer.Grantorwillnotsell,assign,encumber,orotherwisedisposeofanyofGrantor'srightsinthe RentsexceptasprovidedinthisAssignment. LENDER'SRIGHTTO RECEIVEAND COLLECTRENTS. Lendershallhavetherightatanytime,andeventhoughno defaultshallhaveoccurredunderthisAssignment,tocollectandreceivetheRents.Forthispurpose,Lenderishereby givenandgrantedthefollowingrights,powersandauthority: NoticetoTenants.Lendermay sendnoticesto any andalltenantsofthePropertyadvisingthem ofthis AssignmentanddirectingallRentstobepaiddirectlytoLenderorLendersagent. EntertheProperty.Lendermay enteruponandtakepossessionoftheProperty;demand,collectandreceivefrom ASSIGNMENT OF RENTS Loan No: 974497979 (continued)Page 3 thetenantsorfromanyotherpersonsliabletherefor,alloftheRents;instituteandcarryonalllegalproceedings necessaryforthe protectionofthe Property,includingsuch proceedingsas may be necessarytorecover possessionoftheProperty;collecttheRentsandremoveanytenantortenantsorotherpersonsfromtheProperty. MaintaintheProperty.Lendermay enteruponthePropertytomaintainthePropertyandkeepthesameinrepair; topaythecoststhereofandofallservicesofallemployees,includingtheirequipment,andofallcontinuingcosts andexpensesofmaintainingthePropertyinproperrepairandcondition,andalsotopayalltaxes,assessmentsand waterutilities,andthepremiumsonfireandotherinsuranceeffectedbyLenderontheProperty. CompliancewithLaws.Lendermay do anyandallthingstoexecuteandcomplywiththelawsoftheStateof Washingtonandalsoallotherlaws,rules,orders,ordinancesandrequirementsofallothergovemmentalagencies affectingtheProperty. LeasetheProperty.Lendermay rentorleasethewholeoranypartofthePropertyforsuchtermortermsandon suchconditionsasLendermay deemappropriate. EmployAgents.Lendermay engage suchagentoragentsasLendermay deem appropriate,eitherinLender's nameorinGrantor'sname,torentandmanagetheProperty,includingthecollectionandapplicationofRents. OtherActs.Lendermay do allsuchotherthingsandactswithrespecttothePropertyasLendermay deem appropriateandmay actexclusivelyandsolelyintheplaceandsteadofGrantorandtohaveallofthepowersof Grantorforthepurposesstatedabove. No RequirementtoAct.Lendershallnotbe requiredtodo anyoftheforegoingactsorthings,andthefactthat LendershallhaveperformedoneormoreoftheforegoingactsorthingsshallnotrequireLendertodo anyother specificactorthing. APPLICATIONOF RENTS.Allcostsandexpensesincurredby LenderinconnectionwiththePropertyshallbefor Grantor'saccountandLendermay paysuchcostsandexpensesfromtheRents.Lender,initssolediscretion,shall determinetheapplicationofanyandallRentsreceivedby it;however,anysuchRentsreceivedby Lenderwhichare notappliedtosuchcostsandexpensesshallbe appliedtotheIndebtedness.Allexpendituresmade by Lenderunder thisAssignmentand notreimbursedfromtheRentsshallbecomea partoftheindebtednesssecuredby this Assignment,andshallbepayableon demand,withinterestattheNoteratefromdateofexpenditureuntilpaid. FULLPERFORMANCE. IfGrantorpaysalloftheIndebtednesswhendueandotherwiseperformsalltheobligations imposeduponGrantorunderthisAssignment,theNote,andtheRelatedDocuments,Lendershallexecuteanddeliverto GrantorasuitablesatisfactionofthisAssignmentandsuitablestatementsofterminationofanyfinancingstatementon fileevidencingLender'ssecurityinterestintheRentsandtheProperty.Any terminationfeerequiredby lawshallbe paidby Grantor,ifpermittedbyapplicablelaw. LENDER'SEXPENDITURES.IfanyactionorproceedingiscommencedthatwouldmateriallyaffectLender'sinterestin thePropertyorifGrantorfailstocomplywithanyprovisionofthisAssignmentoranyRelatedDocuments,includingbut notlimitedtoGrantor'sfailuretodischargeorpaywhendueanyamountsGrantorisrequiredtodischargeorpayunder thisAssignmentoranyRelatedDocuments,LenderonGrantorsbehalfmay (but shallnotbe obligatedto)takeany actionthatLenderdeems appropriate,includingbutnotlimitedto dischargingorpayingalltaxes,liens,security interests,encumbrancesandotherclaims,atanytimeleviedorplacedontheRentsorthePropertyandpayingallcosts forinsuring,maintainingand preservingtheProperty.Allsuchexpendituresincurredor paidby Lenderforsuch purposeswillthenbearinterestattheratechargedundertheNotefromthedateincurredorpaidby Lendertothedate ofrepaymentby Grantor.Allsuchexpenseswillbecomea partoftheIndebtednessand,atLender'soption,will(A) be payableon demand;(B)beaddedtothebalanceoftheNoteandbe apportionedamongandbe payablewithany installmentpaymentstobecomedue duringeither(1)thetermof any applicableinsurancepolicy;or (2)the remainingtermoftheNote;or (C)be treatedas a balloonpaymentwhichwillbedueand payableattheNote's maturity.TheAssignmentalsowillsecurepaymentoftheseamounts.Suchrightshallbeinadditiontoallotherrights andremediestowhichLendermay beentitleduponDefault. DEFAULT.Eachofthefollowing,atLender'soption,shallconstituteanEventofDefaultunderthisAssignment: PaymentDefault.GrantorfallstomakeanypaymentwhendueundertheIndebtedness. OtherDefaults.Grantorfailsto complywithorto performanyotherterm,obligation,covenantorcondition containedinthisAssignmentorinany oftheRelatedDocumentsorto complywithorto performanyterm, obligation,covenantorconditioncontainedinanyotheragreementbetweenLenderandGrantor. DefaultonOtherPayments.FailureofGrantorwithinthetimerequiredbythisAssignmenttomakeanypayment fortaxesorinsurance,oranyotherpaymentnecessarytopreventfilingofortoeffectdischargeofanylien. DefaultinFavorofThirdParties.Any guarantororGrantordefaultsunderanyloan,extensionofcredit,security agreement,purchaseorsalesagreement,oranyotheragreement,infavorofanyothercreditororpersonthatmay materiallyaffectanyofanyguarantorsorGrantor'spropertyorabilitytoperformtheirrespectiveobligationsunder thisAssignmentoranyoftheRelatedDocuments. FalseStatements.Any warranty,representation orstatementmade orfurnishedtoLenderby Grantoror on GrantofsbehalfunderthisAssignmentortheRelatedDocumentsisfalseormisleadinginanymaterialrespect, eithernoworatthetimemadeorfurnishedorbecomesfalseormisleadingatanytimethereafter. DefectiveCollateralization.ThisAssignmentoranyoftheRelatedDocumentsceasestobeinfullforceandeffect (includingfailureofanycollateraldocumenttocreateavalidandperfectedsecurityinterestorlien)atanytimeand foranyreason. Deathor Insolvency.ThedissolutionofGrantor's(mgardlessof whetherelectiontocontinueismade),any memberwithdrawsfromthelimitedliabilitycompany,oranyotherterminationofGrantor'sexistenceasa going businessorthedeathofanymember,theinsolvencyofGrantor,theappointmentofa receiverforanypartof Grantofsproperty,any assignment forthebenefitof creditors,any type of creditorworkout,or the commencementofanyproceedingunderanybankruptcyorinsolvencylawsbyoragainstGrantor. CreditororForfeItureProceedings.Commencementofforeclosureorforfeitureproceedings,whetherbyjudicial proceeding,self-help,repossessionoranyothermethod,byanycreditorofGrantororbyanygovemmentalagency againsttheRentsoranypropertysecuringtheIndebtedness.ThisincludesagarnishmentofanyofGrantofs accounts,includingdepositaccounts,withLender.However,thisEventofDefaultshallnotapplyifthereisa goodfaithdisputeby Grantorastothevalidityorreasonablenessoftheclaimwhichisthebasisofthecreditoror forfeitureproceedingandifGrantorgivesLenderwrittennoticeofthecreditororforfeitureproceedinganddeposits withLendermoniesora suretybondforthecreditororforfeitureproceeding,inanamountdeterminedbyLender, initssolediscretion,asbeingan adequatereserveorbondforthedispute. PropertyDamageorLoss.ThePropertyislost,stolen,substantiallydamaged,sold,orborrowedagainst. EventsAffectingGuarantor.Any oftheprecedingeventsoccurswithrespectto anyGuarantorofanyofthe ASSIGNMENT OF RENTS Loan No: 974497979 (Continued)Page 4 indebtednessoranyGuarantordiesorbecomesincompetent,orrevokesordisputesthevalidityof,orliability under,anyGuarantyoftheIndebtedness. AdverseChange.A materialadversechangeoccursinGrantorsfinancialcondition,orLenderbelievesthe prospectofpaymentorperformanceoftheIndebtednessisimpaired. Insecurity.Lenderingoodfaithbelievesitselfinsecure. CureProvisions.Ifanydefault,otherthana default inpaymentiscurableand ifGrantorhasnotbeengivena noticeofa breachofthesame provisionofthisAssignmentwithintheprecedingtwelve(12)months,itmay be curedifGrantor,afterLendersendswrittennoticetoGrantordemandingcureofsuchdefault:(1)curesthe defaultwithinfifteen(15)days;or (2)ifthecurerequiresmorethanfifteen(15)days,immediatelyinitiatessteps whichLenderdeemsinLenderssolediscretiontobesufficienttocurethedefaultandthereaftercontinuesand completesallreasonableandnecessarystepssufficienttoproducecomplianceassoonasreasonablypractical. RIGHTSAND REMEDIESON DEFAULT.UpontheoccurrenceofanyEventofDefaultandatanytimethereafter,Lender may exerciseanyoneormoreofthefollowingrightsandremedies,inadditiontoanyotherrightsorremediesprovided bylaw: Accelerateindebtedness.LendershallhavetherightatitsoptionwithoutnoticetoGrantortodeclaretheentire Indebtednessimmediatelydueandpayable,includinganyprepaymentpenaltythatGrantorwouldbe requiredto pay. CollectRents.Lendershallhavetheright,withoutnoticeto Grantor,totakepossessionofthePropertyand collecttheRents,includingamountspastdueandunpaid,andapplythenetproceeds,overandaboveLender's costs,againsttheIndebtedness.Infurtheranceofthisright,Lendershallhavealltherightsprovidedforinthe Lender'sRighttoReceiveandCollectRentsSection,above.IftheRentsarecollectedbyLender,thenGrantor irrevocablydesignatesLenderas Grantor'sattorney-in-facttoendorseinstrumentsreceivedinpaymentthereofin thenameofGrantorandtonegotiatethesameandcollecttheproceeds.Paymentsbytenantsorotherusersto LenderinresponsetoLender'sdemandshallsatisfytheobligationsforwhichthepaymentsaremade,whetheror notanypropergroundsforthedemandexisted.Lendermay exerciseitsrightsunderthissubparagrapheitherin person,byagent,orthroughareceiver. AppointReceiver.Lendershallhavetherighttohavea receiverappointedtotakepossessionofalloranypartof theProperty,withthepowertoprotectandpreservetheProperty,tooperatethePropertyprecedingorpending foreclosureorsale,andtocollecttheRentsfromthePropertyandapplytheproceeds,overandabovethecostof thereceivership,againsttheIndebtedness.The receivermay servewithoutbondifpermittedby law.Lenders righttotheappointmentofa receivershallexistwhetherornottheapparentvalueofthePropertyexceedsthe Indebtednessbya substantialamount.Employmentby Lendershallnotdisqualifyapersonfromservingas a receiver. OtherRemedies.LendershallhaveallotherrightsandremediesprovidedinthisAssignmentortheNoteorby law. ElectionofRemedies.ElectionbyLendertopursueanyremedyshallnotexcludepursuitofanyotherremedy,and anelectiontomakeexpendituresortotakeactiontoperformanobligationofGrantorunderthisAssignment,after Grantor'sfailuretoperform,shallnotaffectLender'srighttodeclareadefaultandexerciseitsremedies. Attorneys'Fees;Expenses.IfLenderinstitutesanysuitoractiontoenforceanyofthetermsofthisAssignment, Lendershallbeentitledtorecoversuchsum asthecourtmayadjudgereasonableasattorneys'feesattrialand uponanyappeal.Whetherornotany courtactionisinvolved,and totheextentnotprohibitedbylaw,all reasonableexpensesLenderincursthatinLender'sopinionarenecessaryatanytimefortheprotectionofits interestortheenforcementofitsrightsshallbecomea partoftheIndebtednesspayableon demandandshallbear interestattheNoteratefromthedateoftheexpenditureuntilrepaid.Expensescoveredby thisparagraphinclude, withoutimitation,howeversubjecttoanylimitsunderapplicablelaw,Lendersattorneys'feesandLendefslegal expenses,whetherornotthereisa lawsuit,includingattorneys'feesandexpensesforbankruptcyproceedings (includingeffortstomodifyorvacateanyautomaticstayorinjunction),appeals,andanyanticipatedpost-judgment collectionservices,thecostofsearchingrecords,obtainingtitlereports(includingforeclosurereports),surveyors' reports,andappraisalfees,titleinsurance,andfeesfortheTrustee,totheextentpermittedby applicablelaw. Grantoraisowillpayanycourtcosts,inadditiontoallothersumsprovidedby law. MISCELLANEOUSPROVISIONS.Thefollowingmiscellaneousprovisionsarea partofthisAssignment: Amendments.ThisAssignment,togetherwithanyRelatedDocuments,constitutestheentireunderstandingand agreementofthepartiesas tothematterssetforthinthisAssignment.No alterationoforamendmenttothis Assignmentshallbeeffectiveunlessgiveninwritingandsignedby thepartyorpartiessoughttobe chargedor boundbythealterationoramendment. CaptionHeadings.CaptionheadingsinthisAssignmentareforconveniencepurposesonlyandarenottobeused tointerpretordefinetheprovisionsofthisAssignment. GoverningLaw. ThisAssignmentwillbe governedby federallaw applicabletoLenderand,totheextentnot preemptedby federallaw,thelawsoftheStateofWashingtonwithoutregardtoitsconflictsoflawprovisions. ThisAssignmenthasbeenacceptedbyLenderintheStateofWashington. ChoiceofVenue.Ifthereisa lawsuit,GrantoragreesuponLender'srequesttosubmittothejurisdictionofthe courtsofGraysHarborCounty,StateofWashington. Merger,Thereshallbeno mergeroftheinterestorestatecreatedby thisassignmentwithanyotherinterestor estateinthePropertyatanytimeheldbyorforthebenefitofLenderinanycapacity,withoutthewrittenconsent ofLender. Interpretation.(1)inallcaseswherethereismorethanoneBorrowerorGrantor,thenallwordsusedinthis Assignmentinthesingularshallbe deemedtohavebeenusedinthepluralwherethecontextandconstructionso require.(2)IfmorethanonepersonsignsthisAssignmentas"Grantor,"theobligationsofeachGrantorarejoint and several.ThismeansthatifLenderbringsa lawsuit,Lendermay sueanyoneormoreoftheGrantors.If BorrowerandGrantorarenotthesameperson,LenderneednotsueBorrowerfirst,andthatBorrowerneednotbe joinedinanylawsuit.(3)ThenamesgiventoparagraphsorsectionsinthisAssignmentareforconvenience purposesonly.TheyarenottobeusedtointerpretordefinetheprovisionsofthisAssignment. No Waiverby Lender.LendershallnotbedeemedtohavewaivedanyrightsunderthisAssignmentunlesssuch waiverisgiveninwritingandsignedby Lender.No delayoromissiononthepartofLenderinexercisinganyright shalloperateasawaiverofsuchrightoranyotherright.A waiverby Lenderofa provisionofthisAssignment shallnotprejudiceorconstitutea waiverofLender'srightotherwisetodemandstrictcompliancewiththat provisionoranyotherprovisionofthisAssignment.No priorwaiverbyLender,noranycourseofdealingbetween LenderandGrantor,shallconstituteawaiverofanyofLender'srightsorofanyofGrantor'sobligationsastoany ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 5 futuretransactions.WhenevertheconsentofLenderisrequiredunderthisAssignment,thegrantingofsuch consentby Lenderinanyinstanceshallnotconstitutecontinuingconsenttosubsequentinstanceswheresuch consentisrequiredandinallcasessuchconsentmay begrantedorwithheldinthesolediscretionofLender. Notices.Subjectto applicablelaw,and exceptforhoticerequiredor allowedby lawtobe giveninanother manner,anynoticerequiredtobe givenunderthisAssignmentshallbe giveninwriting,andshallbe effective when actuallydelivered,when actuallyreceivedby telefacsimile(unlessotherwiserequiredby law),when depositedwitha nationallyrecognizedovernightcourier,or,ifmalled,when depositedintheUnitedStatesmail,as firstclass,certifiedorregisteredmailpostageprepaid,directedtotheaddressesshownnearthebeginningofthis Assignment.Any partymay changeitsaddressfornoticesunderthisAssignmentby givingformalwrittennotice totheotherparties,specifyingthatthepurposeof thenoticeisto changetheparty'saddress.Fornotice purposes,GrantoragreestokeepLenderinformedatalltimesofGrantor'scurrentaddress.Subjecttoapplicable law,andexceptfornoticerequiredorallowedby lawtobe giveninanothermanner,ifthereismorethanone Grantor,anynoticegivenbyLendertoanyGrantorisdeemedtobe noticegiventoallGrantors. PowersofAttorney.ThevariousagenciesandpowersofattorneyconveyedonLenderunderthisAssignmentare grantedforpurposesofsecurityandmay notberevokedbyGrantoruntlIsuchtimeasthesamearerenouncedby Lender. Severability.Ifa courtofcompetentjurisdictionfindsanyprovisionofthisAssignmenttobe illegal,invalid,or unenforceableas to any circumstance,thatfindingshallnotmake theoffendingprovisionillegal,invalid,or unenforceableastoanyothercircumstance.Iffeasible,theoffendingprovisionshallbe consideredmodifiedso thatitbecomeslegal,validand enforceable.Iftheoffendingprovisioncannotbe so modified,itshallbe considereddeletedfrom thisAssignment.Unlessotherwiserequiredby law,the illegatity,invalidity,or unenforceabilityofanyprovisionofthisAssignmentshallnotaffectthelegality,validityorenforceabilityofany otherprovisionofthisAssignment. SuccessorsandAssigns.SubjecttoanylimitationsstatedinthisAssignmentontransferofGrantor'sinterest,this Assignmentshallbe bindingupon andinureto the benefitof theparties,theirsuccessorsand assigns,if ownershipofthePropertybecomesvestedina personotherthanGrantor,Lender,withoutnoticetoGrantor,may dealwithGrantor'ssuccessorswithreferencetothisAssignmentandtheindebtednessbyway offorbearanceor extensionwithoutreleasingGrantorfromtheobligationsofthisAssignmentorliabilityundertheIndebtedness. TimeisoftheEssence.TimeisoftheessenceintheperformanceofthisAssignment. WaiverofHomesteadExemption.Grantorherebyreleasesandwaivesallrightsandbenefitsofthehomestead exemptionlawsoftheStateofWashingtonastoallIndebtednesssecuredbythisAssignment. Waiverof Rightof Redemption.NOTWITHSTANDING ANY OF THE PROVISIONS TO THE CONTRARY CONTAINEDINTHISASSIGNMENT,GRANTOR HEREBY WAIVES ANY AND ALL RIGHTSOF REDEMPTION FROM SALE UNDER ANY ORDER OR JUDGMENT OF FORECLOSUREON GRANTOR'S BEHALFAND ON BEHALF OF EACH AND EVERY PERSON,EXCEPTJUDGMENT CREDITORSOF GRANTOR,ACQUIRINGANY INTERESTINOR TITLETO THEPROPERTYSUBSEQUENTTO THE DATEOF THISASSIGNMENT. DEFINITIONS.The followingcapitalizedwordsandtermsshallhavethefollowingmeaningswhen usedinthis Assignment.Unlessspecificallystatedtothecontrary,allreferencestodollaramountsshallmeanamountsinlawful moneyoftheUnitedStatesofAmerica.Wordsandtermsusedinthesingularshallincludetheplural,andtheplural shallincludethesingular,asthecontextmayrequire.WordsandtermsnotothenwisedefinedinthisAssignmentshall havethemeaningsattributedtosuchtermsintheUniformCommercialCode: Assignment.Theword"Assignment"meansthisASSIGNMENTOF RENTS,asthisASSIGNMENTOFRENTS may beamendedormodifiedfromtimetotime,togetherwithallexhibitsandschedulesattachedtothisASSIGNMENT OF RENTSfromtimetotime. Borrower.Theword"Borrower"meansPrairieParkHoldings,LLC. Default.Theword"Default"meanstheDefaultsetforthinthisAssignmentinthesectiontitled"Default". EventofDefault.Thewords"EventofDefault"mean anyoftheeventsofdefaultsetforthinthisAssignmentin thedefaultsectionofthisAssignment. Grantor.Theword"Grantor"meansPrairieParkHoldings,LLC. Guarantor.The word"Guarantor"meansanyguarantor,surety,oraccommodationpartyofanyorallofthe Indebtedness, Guaranty.Theword "Guaranty"meanstheguarantyfromGuarantorto Lender,includingwithoutlimitationa guarantyofallorpartoftheNote. Indebtedness.The word "Indebtedness"meansallprincipal,interest,andotheramounts,costsand expenses payableundertheNoteorRelatedDocuments,togetherwithallrenewalsof,extensionsof,modificationsof, consolidationsofandsubstitutionsfortheNoteorRelatedDocumentsandanyamountsexpendedoradvancedby LendertodischargeGrantor'sobligationsorexpensesincurredby LendertoenforceGrantor'sobilgationsunder thisAssignment,togetherwithinterestonsuchamountsas providedinthisAssignment.Specifically,without limitation,Indebtednessincludesallamountsthatmay be indirectlysecuredbytheCross-Collateralizationprovision ofthisAssignment. Lease.Theword"Lease"meanstheleaseofthePropertybetweenLandlord,asdefinedinRelatedDocuments, and Grantor,whichwas recordedas follows;LeaseAgreementrecordedApril8,2002 under Auditor'sFile Number3425560.MemorandumofLeaseAgreementdatedAugust30,2012andrecordedSeptember28,2012 underAuditor'sFileNumber4291146. Lender.Theword"Lender"meansTimberlandBank,itssuccessorsandassigns. Note.Theword"Note"meansthepromissorynotedatedJune19,2013,inthe originalprincipalamount of $2,000,000.00 fromGrantorto Lender,togetherwithallrenewalsof,extensionsof,modificationsof, refinancingsof,consolidationsof,andsubstitutionsforthepromissorynoteoragreement. Property.Theword "Property"meansallofGrantor'sright,titleandinterestinand toallthePropertyas describedinthe"Assignment"sectionofthisAssignment. RelatedDocuments.The words "RelatedDocuments"mean allpromissorynotes,creditagreements,loan agreements,environmentalagreements,guaranties,securityagreements,mortgages,deedsof trust,security deeds,collateralmortgages,and allotherinstruments,agreementsand documents,whethernow orhereafter existing,executedinconnectionwiththeindebtedness. Rents.Theword"Rents"meansallofGrantor'spresentandfuturerights,titleandinterestin,toandunderany andallpresentandfutureleases,including,withouttimitation,allrents,revenue,income,issues,royalties, ASSIGNMENT OF RENTS Loan No:974497979 (Continued)Page 6 bonuses,accountsreceivable,cashorsecuritydeposits,advancerentals,profitsandproceedsfromtheProperty, andotherpaymentsandbenefitsderivedortobederivedfromsuchleasesofeverykindandnature,whetherdue noworlater,includingwithoutlimitationGrantor'srighttoenforcesuchleasesandtoreceiveandcollectpayment andproceedsthereunder. THE UNDERSIGNEDACKNOWLEDGES HAVING READ ALL THE PROVISIONSOF THIS ASSIGNMENT,AND NOT PERSONALLYBUT AS AN AUTHORIZEDSIGNER,HAS CAUSEDTHISASSIGNMENTTO BE SIGNEDAND EXECUTED ON BEHALFOFGRANTOR ON JUNE 19,2013. GRANTOR: PRAIRIEPARKHOL INGS,LLC MargAretAClapp,agerofPrairiePhrk gs,LLC LIMITED LIABILITY COMPANY ACKNOWLEDGMENT SSA )55 COUNTYOF R.(1,Li ) On this dayof -,20 ,befo 41 NotaryPublic,personallyappearedMargaretA Cla ,ManagerofPrairieParkHoldings,LLC,an me orprovedtome onthebasisofsatisfactory4videncetobea memberordesignatedagentof companythatexecutedtheASSIGNMENTOF RENTSandacknowledgedtheAssignmenttobethefr ryactanddeedofthelimitedliabilitycompany,by authority of statute,itsarticlesoforganizationoritsoperating agreement,fortheuses urposesthereinmentioned,andonoathstatedthatheorsheisauthorizedtoexecutethis Assignmen ndinfa tedtheAssignmentonbehalfofthelimitedliabilitycompany. By Residingat NotaryPublicinandfortheStateof My commissionexpires LASERPRO Lending,Ver.12.4.10.003Copr.HarlandFinancialSolutions,Inc.1997 2013.AllRightsReserved.- WA F:\HARLAND\CFllLPL\G14.FCTR-30333PR-3 After Recording Return to: Timberland Bank 624 Simpson Ave Hoquiam, WA 98550 Legal Description (abbreviated): Pcl A BLA-12-0110-YL; (Additional Legal Description on Page 7) T HURSTON COUNTY TITLE CO. �6s-gy17 Assessor's Tax Parcel Number: 6430-37-00100 SUBORDINATION AND ATTORNMENT AGREEMENT Dated: June 19, 2013 Grantors: Prairie Park Holdings, LLC a Limited Liability Corporation, and Prairie Park Cinema, LLC Grantee: Timberland Bank WITNESSETH: ("Landlord") ("Tenant") ("Lender") WHEREAS, the Tenant has entered into a lease dated August 30, 2012, recorded under auditor's file number 4291146 (the "Lease") with the Landlord for approximately 31,127 square feet of space (the "Premises"), which is known as Yelm Cinemas at Prairie Park, located at 701 Prairie Park Lane SE Yelm, Thurston County, Washington, on property that is more fully described in Exhibit A attached hereto. WHEREAS, the Lender has agreed to make a loan of Two Million and 001100 ($2,000,000.00) to the Landlord secured by a Deed of Trust, hereinafter referred to as "the Mortgage," on the condition that the Lease is subordinate to the lien of the Mortgage, and WHEREAS, Tenant is willing to subordinate the Lease to the lien of the Mortgage. Recorded under Auditor's File No. Ll'bLj, 5 2 - NOW, THEREFORE, in consideration of the premises and mutual covenants hereinafter contained, the parties hereto mutually covenant and agree as follows: 4343155 Pages: 7 06/19/2013 03:58 PN MULTI Thurston County Washington THURSTON COUNTY TITLE gill wro, KIKII W 11 F1 AN w1u I Ki 11111 4343155 Page 2 of 7 06/19/2013 03:58 PM Thurston County WA 1. The Lease and any extensions, renewals, replacements or modifications thereof, and all of the right, title and interest of the Tenant in and to the Premises, including but not limited to any option or right of first refusal to purchase the Premises, or any acquisition of title to the Premises by Tenant during the term of the Mortgage, are and shall be subject and subordinate to the Mortgage and to all of the terms and conditions contained herein, and to any renewals, modifications, replacements, consolidations and extensions thereof. 2, Tenant agrees with Lender that if the interest of Landlord in the Premises shall be transferred to and owned by Lender by reason of foreclosure or other proceedings brought by it, or by any other manner, Tenant shall be bound to Lender under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be affected in accordance with any options therefor in the Lease, with the same force and effect as if Lender were the Landlord under the Lease, and Tenant does hereby attorn to Lender as its Landlord, said attornment to be effective and self -operative without the execution of any farther instruments on the part of any of the parties hereto immediately upon Lender succeeding to the interest of the Landlord in the Premises. Tenant agrees, however, upon the election of and written demand by Lender after Lender receives title to the Premises, to promptly execute an instrument in confirmation of the foregoing provisions, satisfactory to Lender, in which Tenant shall acknowledge such attornment and shall set forth the terms and conditions of its tenancy. 3. Tenant agrees with Lender that if Lender shall succeed to the interest of Landlord under the Lease, Lender shall not be (a) liable for any action or omission of Landlord or any prior landlord under the Lease, or (b) subject to any offsets or defenses which Tenant might have against Landlord or any prior landlord, or (c) bound by any rent or additional rent which Tenant might have paid for more than the current month to Landlord or any prior landlord, or (d) bound by any security deposit which Tenant may have paid to Landlord or any prior landlord, unless such deposit is in an escrow fund available to Lender, or (e) bound by any amendment or modification of the Lease made without Lender's consent, or (f) bound by any provision in the Lease which obligates the Landlord to erect or complete any building or to perform any construction work or to make any improvements to the Premises. 4. Tenant shall provide Lender with a copy of any written notice that Tenant sends to or receives from Landlord no later than ten (10) days after transmission or receipt. In the event that the Landlord shall default in the performance or observance of any of the terms, conditions or agreements in the Lease, Tenant shall give written notice thereof to the Lender and the Lender shall have the right (but not the obligation) to cure such default. Tenant shall not take any action with respect to such default under the Lease, including and without limitation, any action in order to terminate, rescind or void the Lease or to withhold any rental thereunder, for a period of ten (10) days after receipt of such written notice thereof by the Lender with respect to any such default capable of being cured by the payment of money and for a period of thirty (30) days after receipt of such written notice thereof by the Lender with respect to any other such default (provided, that in the case of any default which cannot be cured by the -2- 4343155 Page 3 of 7 06/19/2013 03:58 PM Thurston County WA payment of money and cannot with diligence be cured within such thirty (30) day period because of the nature of such default or because Lender requires time to obtain possession of the Premises in order to cure the default, if Lender shall proceed promptly to attempt to obtain possession of the Premises, where possession is required, and to cure the same and thereafter shall prosecute the curing of such default with diligence and continuity, then the time within which such default may be cured shall be extended for such period as may be necessary to complete the curing of the same with diligence and continuity). 5. This Agreement shall bind and inure to the benefit of all parties hereto, their successors and assigns. As used herein the term "Tenant" shall include the Tenant, its successors and assigns; the words "foreclosure" and "foreclosure sale" as used herein shall be deemed to include the acquisition of Landlords' estate in the Premises by voluntary deed (or assignment) in lieu of foreclosure, and the word "Lender" shall include the Lender herein specifically named and any of its successors and assigns, including anyone who shall succeed to Landlord's interest in the Premises by, through or under foreclosure of the Mortgage. 6. This Agreement shall not be modified or amended except in writing signed by the parties hereto. 7. The use of the neuter gender in the Agreement shall be deemed to include any other gender, and words in the singular number shall be held to include the plural, when the sense requires. 8. Notwithstanding any of the other provisions hereof, this Agreement is not intended to create and shall not be deemed to create any personal liability on the part of Tenant for repayment of the loan secured by the Mortgage. -3- 4343155 Page 4 of 7 06/19/2013 03:58 PM Thurston County WA IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written. :NL -910-:D Prairie Park Holdings, LLC a Limited Liability Corporation IIn Margaret A. Clapp, LENDER: Timberland Bank By D( atthew J. DeBWT,ice President STATE OF WASHINGTON ss. County of-rsterri+:,; TENANT: Prairie Park Cinema, LLC A Limited Liability Corporation By .r Margaret A. Clapp, M On this ) day of 2013, before me, the undersigned, a Notary Public in and for the State ofAashington, duly commissioned and sworn, personally appeared Margaret A. Clapp to me known to be the Manager of Prairie Park Holdings, LLC., a Limited Liability Corporation, that executed the within and foregoing instrument, and acknowledged 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 he is authorized to executisq��rument on behalf of said corporation. Witne RIC/4 '11 ?0 J. ta S"MA, p y. s i y0 r u s 40 flll� � OF W P S\" ' seal hereto affixed the day aid year first above written. f [Printed Name] Notary Public in and for the State of Washington, residing at �° GiA. CU.. L -4- 4343155 Page 5 of 7 06/19/2013 03:58 PM Thurston County WA My Commission expires: STATE OF WASHINGTON ss. County ofd;. ) On this 1 �] day of ( U `►L , 2013, before me, the undersigned, a Notary Public in and for the State Washington, duly commissioned and sworn, personally appeared Margaret A. Clapp to me known to be the Manager of Prairie Park Cinema, LLC,, a Limited Liability Corporation, that executed the within and foregoing instrument, and acknowledged 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 he is authorized to execute said instrument on behalf of said corporation. Witness my hand and official seal hereto affixed the day and year first above written. L lilt/ OT Name] /� -s [Printed Notary Notary Public in and for the nte of -o NoT 0y.7i 4� tom, Washington, residing at l<< L r-,,� n fi ` y � My Commission expires: 1- r� ." -I T0- 16 O s -5- 4343155 Page 6 of 7 06/19/2013 03:58 PM Thurston County WA STATE OF WASHINGTON � ss. County of 4t> i ) On this day of ,.: , 2012, before me, the undersigned, a Notary Public in and for the State of/Washington, duly commissioned and sworn, personally appeared Matthew J. DeBord, to me known to be the Vice President of Timberland Bank, a corporation, that executed the within and foregoing instrument, and acknowledged 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 he is authorized to execute said instrument on behalf of said corporation. Witness my hand and official seal hereto affixed the day and year first above written. I I?� v y�'0Nx''�o [Printed Name] Notary Public in and for the Mate of Washington, residing at ij, -(-of 6 F= �� = My Commission expires: OF \N 4343155 Page 7 of 7 06/19/2013 03:58 PM Thurston County WA EXHIBIT A LEGAL DESCRIPTIONS; PARCEL A OF CITY OF YELM BOUNDARY LINE ADJUSTMENT NO. BLA- 12-0119-YL, ACCORDING TO SURVEY RECORDED MAY 10, 2012 UNDER RECORDING NO. 4265166, IN THURSTON COUNTY, WASHINGTON. -7- THURSTON COUNTS OLYMPIAr NA 03/16/93 4:19 PM REQUEST W i /GCY UTILITY EASEMENT BY: ALAN, ATDtTOR BY: D DEPUTY _ ROBERT WOLF $7.00— ERS hereinafter referred to as "Owner," Is the owner of the property legally described as: MCKENNA IRRIG TRS BLK 37 PT LOT 2 NKA TR B BLA-8028 9/385 The parties hereby authorize Parametrix to insert over their signature the correct legal description of the above de- scribed property if unavailable at the time of signing, or to correct the legal description entered if erroneous or incomplete. The address of such property is: 411 WEST RD NE Owner grants to the City of Yelm its successors and assigns an easement over, under and across the above described property for the purposes of constructing, maintaining, repairing, altering or reconstructing a sanitary sewer collection system. The system shall consist of gravity clean-out, side sewer from the septic tank to the gravity clean-out, septic tank, pumping system, electrical conduit and cable, control panel, force main, service box and related appurtenances. The City of Yelm will be responsible to pump the septic tank when required. The Owner will bear the cost of the elec- tricity and replace any existing side sewer from the tank if found defective. This easement is for the benefit of all properties now or hereafter served by the sanitary sewer system of the City. The City of Yelm and the Owner concur and agree that constructing, repairing, altering or reconstruc*g of said sewer improvements by the City of Yelm shall be accomplished in such a manner that the private improvements ex- isting on this described parcel of real property shall be disturbed to the least extent possible. In the event they are dis- turbed ordestroyed, to the extent reasonably possible, they will be replaced in as good a condition as they were immediately before the property was' entered upon by the City of Yelm. The City of Yelm and the Owner agree that the Owner shall undertake no alteration of the installed sewer system(s), including covering or obstructing access to pump basin cleanouts and the lockout switch, without the prior written ap- proval of the City of Yelm. Any damage caused by the Owner or their agents shall be repaired by the City of Yelm at the Owner's expense. Owner agrees and understands that this easement will be recorded with the County Auditor and will be binding upon heirs. successors and assigns of Owner. Owner and City agree that the Owner has incurred no displacement costs or relocation costs by virtue of the Agreement. The City agrees to furnish, install, operate and maintain the pump system in a reasonable condition and to do the work in a workmanlike manner, promptly, neatly and with as little interference to the real property and Improvements there- on of Owner as reasonably practicable. Ownership of the STEP system on the described parcel of rept property shall remain with the City of Yelm. - Dated this I day of q-- 19�. OWNER CITY OF YELM . KEN AAAMA' BY: AGENT FOR CITY 6F YELM (PARAMETRIX, INC.) Vol.- 2065 Page: 153 STATE OF WASHINGTON ) File I46: 9303 1603? 1 ss. COUNTY OF THURSTON On this day personally appeared before me on.i - w a& !-' �. L. —la. and who executed tic within and foregoing instrument as -Ownd" and acknowledged that lielsheiMsignecl the same as his/hers free and voluntary act and deed for die uses and pies therein mentioned. Given under my hand and official scat this 14 _ day of NOTARY P ELIC in ark fo tie State of Washington, residing at �6I W i - No. 06-0510.0 Name: ROBERT WOLF P.O. BOX 966 AM=.. WA. Zip 98597 Pian Shea No.: THURSTON COUNTY TAX PARCEL NO. City of Yclm o/brn�A. S , Mayor Attest: �[AoLCa Shelly A. ILdger. City Cler APPROVED AS TO FORM Date YeW City Attorney VAAG W" Gry of Ulm Caury copy — City of Yelm Pink copy — Property Owner Goldenrod copy — Pile After Recording please mail to: Thomas J. Lucas 3562 W. Howe St. Seattle, WA 98199 Ph: 206-282-6840 Fax: 206-282-6888 MEMORANDUM OF LEASE AGREEMENT THIS MEMORANDUM OF LEASE AGREEMENT (the "Agreement") is provided this day of April, 2002, by and between PRAIRIE PARK HOLDINGS LLC, a Washington limited liability company, by and through its agent, PRAIRIE PARK PROPERTY SERVICES LLC, a Washington limited liability company ("Landlord"), and PRAIRIE PARK CINEMA LLC, a Washington limited liability company ("Tenant"). 1. AGREEMENT SUMMARY. a. Leased Premises. Landlord leased Tenant, upon the terms and conditions provided in the Lease Agreement executed March 13, 2002, an agreed area as depicted on Exhibit A-1 of the Lease Agreement on the real property legally described on Exhibit A-2 and attached hereto. The Lease Agreement also provides that Tenant shall also share in the use of limited common areas, generally used by tenants adjoining such common areas, as outlined on the floor plan attached as Exhibit B to the Lease Agreement. The Leased Premises do not include, and Landlord reserved all right to the exterior wails and roof of the building in which the space is provided, the land beneath, the pipes and ducts, conduits, wires, fixtures, and equipment or structural elements of the building in which the Premises are located (the "Building"), The Building, the land upon which it is situated, all other improvements located on such land, and all common areas appurtenant to the Building are referred to as the "Property." b. Agreement Commencement Date. The obligation to pay rent under this Agreement commences on March 1, 2002. C. Agreement Termination Date. The Agreement shall terminate at midnight on February 28, 2012 (the "Termination Date") or such earlier date as provided in Section 3. The Lease Agreement does provide an additional option to renew on terms provided therein for another 10 years. d. Base Rent. The initial base rent, including related costs, is specified in the Lease Agreement. e Permitted Use. The Premises shall be used only for the operation of a motion picture theater and for no other purpose without the prior written consent of Landlord (the "Intended Purpose"). 3425560 Page; 1 of 4 11111111111111111111111111111111111111111111111111 04JOB12002 01.33P PRAIRIE PARK HOLDINGS LLC LE $12.00 Thurston Co, WA f. Addresses: Landlord: Prairie Park Property Services PO Box 5210 Yelm, WA 98597 Fax No.: (360) 458-8501 Tenant: Prairie Park Cinema LLC PO Box 5210 Yelm, WA 98597 Fax No.: (360) 458-8501 g. Memorandum of Agreement. Landlord and Tenant have executed this Memorandum of Agreement in accordance with the Lease Agreement to be recorded in the records of Thurston County, including the legal description of the Premises as set forth on attached Exhibit A-2. IN WITNESS WHEREOF this Agreement has been executed the date and year first above wntten. PRAIRIE PARK HOLDINGS LLC PRAIRIE PARK CINEMA LLC LANDLORD: TENANT: / BY: BY: Eliza th Clapp Williams, Managef,—Prairie Margaret A. Clapp, Madaferr, Prairie Park Property Services, LLC, Agent for Park Cinema LLC Prairie Park Holdings LLC BY: 3425560 - 2 -111111111111111111111111111111111111111111111111111 Page, 2 of 4 04108i2002 01:33P PRAIRIE PARK HOL0I0 LLC LE $12.00 Thurston Co, WA STATE OF WASHINGTON COUNTY OF THURSTON On this � day of , 2002, before me, the undersigned, a Not ry Public in and for the State of Washington, duly commissioned and sworn, personally appeared ELIZABETH CLAPP WILLIAMS, Manager, PRAIRIE PARK PROPERTY SERVCIES LLC, agent for PRAIRIE PARK HOLDINGS LLC, both Washington State limited liability companies, and on oath stated that she is authorized to execute this said Memorandum of Lease Agreement. UBSCRIB D AND SWORN to before me this day of 92002. ,'0 ,J a .� Notary Public —in_And for the State of CCJS Residing at Commission expires: STATE OF WASHINGTON COUNTY OF THURSTON On this L day of , 2002, before me, the undersigned, a Nota Public in and for the State of Washington, duly commissioned and sworn, personally appeared MARAGRET A. CLAPP, Manager, PRAIRIE PARK CINEMA LLC, and on oath stated that she is authorized to execute this said Memorandum of Lease Agreement on behalf of said entity. RU SUBSCED AND SWORN to before me this _r day of , 2002. '05Z 1 /Z Notary Public in aq,0 for e State�f f I Nr� Residing at (�Q Commission expires: Notary Public: Please affix seal or stamp in this area Notary Public state of vkw* giw GAIL A. RIVAS MY Appointrr� Eq*m Apr 2.7.003 Notary Public: Please affix seal or stamp in this area Notary Public E e of Woshhgtan GAIL A. RIVAS nwd Ernes Apra, 2003 3425560 - 3 -11111111111111111111111111111111111111111111 Page: 3 of 4 0410WOO2 01:33P PRAIRIE PARK HOLDINGS LLC LE $12.00 Thurston Co, WA Site Address: Yelm Cinemas at Prairie Park 201 Prairie Park Street Yelm, Washington 98597 Assessor's Number: 91-1561507 Prairie Park Legal Description: Parcel No. 64303700100 Parcel A of boundary line adjustment No. BLA988215YL recorded under Thurston County Auditor's File No. 31577 Parcel No. 64 303 700 101 Parcel B of boundary line adjustment No. BLA8059 as recorded under Thurston County Auditor's File No.9208030146 Parcel No. 64303700302 Parcel A of boundary line adjustment No. BLA.8024 as recorded under Thurston County Auditor's File No. 8910050036 Parcel No. 64303700301 That part of Lot 3, Block 37, McKenna irrigated tracts, as recorded in volume 9 of Plats, page 43, described as follows: Beginning at the Southeast Corner of said Lot 3; running thence North 51(30'38" West, 228.33 feet to the true point beginning: thence from said true point of beginning run North 51(30'38" West, 148.00 Feet; thence South 38(29'22" West, 197.00 Feet; thence South 5,1(30'38" East 70.00 Feet to the point if beginning. Parcel No. 64303700205 Mc KENNA IRRIG TRS, BLK 37, PT LOT 2, NKA TR A, BLA- 8028, 9/385,4-54-32 3425560 Page; 4 of 4 0410812002 01,33P PRAIRIE PARK HOLDINGS LLC LE $1100 Thurston Co, WA After Recording please mail to: Thomas J. Lucas 3562 W. Howe St. Seattle, WA 98199 Ph: 206-282-6840 Fax; 206-282-6888 MEMORANDUM OF LEASE AGREEMENT THIS MEMORANDUM OF LEASE AGREEMENT (the "Agreement") is provided this l 1'h day of April, 2002, by and between C. SISTERS LLC, a Washington limited liability company, and PRAIRIE PARK HOLDINGS LLC, a Washington limited liability company ("Tenant"). 1. AGREEMENT SUMMARY. a. Leased Premises. Landlord leased Tenant, upon the terms and conditions provided in the Lease Agreement executed January 1, 2001, an agreed area as depicted on Exhibit A of the Lease Agreement on the real property legally described on Exhibit A and attached hereto. h. Agreement Commencement Date. The obligation to pay rent under this Agreement commenced on July 10, 2001. C. Agreement Termination Date. The Agreement shall terminate at midnight on December 31, 2005 (the "Initial Termination Date") or such earlier date as provided in Section 2. The Lease Agreement does provide an additional option to renew terms provided therein. d. Base Rent. The initial base rent, including related costs, is specified in the Lease Agreement. e. Addresses: 1,7,7 I q 3q o(000 643037ooloo Landlord: C. Sisters, LLC 600;>7 0030f PO Box 5210 �f 30137 00302- Yelm, WA 98597 Fax No.: (360) 458-8501 (q 0 37 00 ZbL� 6 q � 0 3700 405- OSPO Tenant: Prairie Park Holdings, LLC �0 0 3 7 00 /0/ POBox 5210 Yelm, WA 98597 � q 303fao r*7oo Fax No.: (360) 458-8501 f. Memorandum of Agreement. Landlord and Tenant have executed this Memorandum of Agreement in accordance with the Lease Agreement to be recorded in the records of Thurston County, including the legal description of the Premises as set forth on attached Exhibit A. 722 3426 Page: 1 of 9 04/12/2082 03:14P PfnNFFR TTTIF MMPANY iF 10 AA Thurston Co, WA IN WITNESS WHEREOF this Agreement has been executed the date and year first above written. C. SISTERS, LLC LANDLORD: 20�10� awr '0 I.Ae � - BY: E Tzabeth CCaq6oftliams, Man ger, C. Sisters, LLC STATE OF WASHINGTON COUNTY OF THURSTON PRAIRIE PARK HOLDINGS, LLC TENANT: BY: Margaret A. Clanager, Prairie Park Holdings, LC On thisday of , 2002, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared ELIZABETH CLAPP WILLIAMS, Manager, C. SISTERS LLC, a Washington State limited liability companies, and on oath stated that she is authorized to execute this said Memorandum of Lease Agreement. SUBSCRIBE;)_AND SWORN to before me this day of 2002. rmtXe.- arylic innd fort4e State o (.�� Residing at G Commission expires: Notary Public: Please affix seal or stamp in this area Notary rubric State of Washington GAIL A RJV, S FPMV y Appointment Expires Apr 7 2003 3426722 111111111111111111111111111111111111111111111111 Page: 2 of 8 04/1212002 03:14P PTf3l M TT TI r rfiMPANY i r s17 AA Thurston Co, A STATE OF WASHINGTON COUNTY OF THURSTON On this V day of 2002, before me, the undersigned, a No ry Public in and for the State of Washington, duly commissioned and sworn, personally appeared MARAGRET A. CLAPP, Manager, PRAIRIE PARK HOLDINGS LLC, and on oath stated that she is authorized to execute this said Memorandum of Lease Agreement on behalf of said entity. --dUBSCRIB D ANP SWORN to before me this day of , 20P2. Notating Public i and for the Sta f u/'q Resi at �o . Commission expires: Notary Public: Please affix seal or stamp in this area :NctClry Public State �hingtan R1\4%5My Appo nEris APr 2 200:3 3426722 Page: 3 of 8 04/12/8008 03:14P P1f1NM TITI r MMPANY Ir S17 AA Thurston Co, WP r EXH Parcel A of Boundary Line Adjustment No. BLA-8028 recorded May 10. 1990 under Auditor's file no. 9005100240. In Thurston County, Washington. SUBJECT TO: Rights of Yelm Irrigation District as disclosed by various instruments of record and terms, covenants, conditions and restrictions as contained in BLA-8028 recorded May 10, 1990 under Pile No. 9005100240. TJL:Deed-yc to CSis-A-BLA8028.doc 3426722 Page: 4 of 9 64112/2002 63:14P PTnmm TTTIF M11PRNY I S17.A0 Thurston Co, WR EXHIBIT A Parcel B of Boundary Line Adjustment No. BLA-8028 recorded May 10, 1990 under Auditor's fila no. 9005100240. In Thurston County, Washington. TJL:Deed-qc to CSis-B-BLA8028.doc 3426722 Page: 5 of 8 6411P1200C 0314P PTnNFFP TiTIF MMPANY LF it7.AA Thurston Co, WA EXHIBIT A A portion of the southeast quarter of the southeast quarter of the southwest quarter of Section 19, Township 17 North, Range 2 East, W.M. described as follows: Beginning at a point on the south line of said Section 19, a distance of 25 feet west of the South quarter comer; thence west 254.2 feet to the true point of beginning; thence northeasterly along the northwesterly line of tract conveyed to Dlreyful R.. Bekemans and Marilyn R. Bekemans, husband and wife by deed recorded May 9., 1966, under auditor's file no. 738983, 338.7 feet more or less to a point on the southwesterly right of way of Yelm Avenue; thence northwesterly along said right of way to a point I$ I feet northwesterly from the intersection of the west line of Claris Road and the southwesterly right of way line of Yelm Avenue w said lines existed April 27, 1944; thence southwesterly at a right angle to said Yelm Avenue right of way 235.0 feet; thence west 142.0 feet; thence southwesterly 197 feet more or less to a point on the south line of Section 19 which is 573.5 feet west of the quarter comer; thence east along said south line 294.3 feet, more or less to the true point of beginning. In Thurston County, Washington. TJjA1p):Deed-qc to t'Sis-=09 3426722 IMI I I 1111111111111111111111111 Page 6 of 9 041112002 63:14P p1f1NFFR TITI F f.nmFANV l F 487 9A Thurston Co, A Parcel i : Parcel D of Boundary Line Adjustment No. BLA-8028, as recorded May 10, 1990 under Auditor's File No. 9005100240. Parcel 2: Lot 1 anal that portion of Lots 2 and 3 of Block 37, McKenna irrigated Tracts, according to the plat thereof recorded in Volume 9 of Plats, page 44, described as follows. Beginning at the Southeast corner of said Lot 3 of Block 37; running thence North 21cl 16' 10" West 332.60 feet; thence North 53° 30' 38" West 187.24 feet; thence South 380 29' 22" West 311.37 feet to the Northeasterly line of Yelm Highway; thence along said Northeasterly line North 51° 30' 38" West 105.65 feet; thence North 00° 08' 38" West 528.21 feet to the Southwest corner of Tract conveyed to Robert M. Wolf and wife by deed recorded March 12, 1968 tinder Auditor's File No. 778197; thence South 720 16' 15" East along the Southerly line of said Wolf Tract a distance of 440.29 feet; thence North 24° 54' 05" East 261.70 feet to the Southwesterly line of West Road; thence along said Southwesterly line South 441 34' 52" East 1,227.91 feet to the North line of 103rd Ave. S.E.; thence along said North line South 890 31' 14" West 845.94 feet to the point of beginning. EXCEP'i' that portion described as follows: Beginning at the Southeast comer of said Lot 3; running thence North 21 ° 16' 10" West, 3:12.60 feet; thence North 51° 30' 38" West, 89.14 feet to the true point of beginning; thence North 44° 59' 55" West, 88.58 feet; thence South 450 00' 05" West, 10.11 feet; thence South 51° 30' 38" East 89.16 feet to the true point of beginning. Parcel 3: That portion of the Southeast quarter of the Southwest quarter of Section 19, Township 17 North, Range 2 East, W.M., described as follows: Beginning at a point on the Northeasterly boundary of Yelm Ave. (SSH-5-H), that is 478 feet Southeasterly from the Southeast corner of Block 9 McKenzies Second Addition to Yelm as recorded in Volume 8 of Plats, page 104; thence Northeasterly and parallel to 4th Street in said McKenzies Second Addition, a distance of 189 feet, more or less, to the intersection of the center line of said Section 19, thence South along said centerline 232 feet, more or less, to the Northeasterly boundary of said Yelm Ave., thence Northwesterly along said boundary 160 feet, more or less, to the point of beginning. TJL(lp):Decd-qc PrPk-lotsl2ldoc 3426722 Page: 7 of 9 04!12/2002 03:14P PTANM TTTIF MMPANY LF $17 S& Thurston Co, WA EXLIIBII A parcel 1: That part of lot 3, tract 37, McKenna irrigated tracts, as recorded in volume 9 of plats, page 43, described as follows: Beginning at the southeast corner of said lot 3; running thence south 89° 33' 14" west, 228.3:3 feet; thence north 510 30' 38" west, 228.33 feet to the true point of beginning; ihenee from said true point of beginning run north 591 18' 14" east, 21.1.30 feet; thence north 510 30' 38" west, 148.00 feet; thence south 38° 29' 22" west, 197.00 feet; thence south 510 30' 38" east 70.00 feet to the point of beginning. Parcel 2: Parcel A of boundary line adjustment no. BLA-8024, as recorded October 5, / 1989, under auditor's file no. 8910050035. TIL(Ip):Dcvd-qc PrPt:-lotldoc 3426722 Page: 8 of 9 04/12/2002 93:14P atnNrFP TtTir MMPANY LF $17 AN Thurston Co, WA KBIT -A Lot 17, block 36, McKenna irrigated tracts, according to the plat thereof recorded in volume 9 of plats, page 43, records of Thurston County; except portion described as follows: Beginning at the southerly comer of lot 17, tract 36, McKenna irrigated tracts; thence north 44° 34' 54" west 430 feet; thence north 29° 54' east 474 feet; thence southeasterly to the southeast line of said lot 17, a distance of 417 feet; thence south 29° 54' west along the east line of said lot 577 feet to the true point of beginning. TIt,(Ip):Deed-qc Nrft-lotMdac 3426722 Page 9 of 9 OV 2f20®2 WAP PMWPPP T1TI F rf1MPANY IF V? AA Thurston Co, WA After Recording Return To: Bryce H. Dille Campbell,Dille,Barnett&Smith,P.L.L.C 317 South Meridian P.O. Box 488 Puyallup,WA 98371 COMMON FACILITIES MAINTENANCE AGREEMENT Grantors PRAIRIE PARK HOLDINGS,LLC AND C.SISTERS,LLC Grantees The Public Legal Description Additional legalon page 6 '-TRA o M -9990 7 6 (abbreviated)Powcel 6 of 191-& 8499 M'Let S Assessor's Tax Parcel 22719340100,22719340600,64303700100,64303700101,64303700204, ID No.64303700205,64303700301,64303700302 Reference Nos.of Related Documents THIS CO MON FACILITIES MAINTENANCE AGREEMENT (the"Agreement")ismade this_LO__ day of fYk ,2012,by PrairiePark Holdings,LLC and C.Sisters,LLC. RECITALS A.Grantor,PRAIRIE PARK HOLDINGS,LLC AND C.SISTERS,LLC,owns property within Section 19,Township 17 North,Range 2 East within the City of Yelm,as fullydescribed on ExhibitA attachedheretoand by thisreferenceincorporatedherein (collectively,"PrairiePark"; B.Grantor has received approval from the City of Yelm for a boundary line adjustment and willbe filinga condominium on one of the parcels subjectto the boundary line adjustment; C.Priorto finalapproval of the boundary line adjustment,the City required thatthe 1 4265167 Pages:7 05/10/201202:09PM Agreement ThurstonCounty14ashingtonCITYOFYELM HIll E Mt REM M NFOR 51111 common elements of PrairiePark necessary to serve allthe propertieswithin PrairiePark be establishedas common easements,including the private streets,stormwater system,and the refuseenclosurearea; D. Itis desirableforallthe propertieswithin PrairiePark to share in the maintenance costsof these common facilities; AGREEMENT NOW, THEREFORE, Grantors covenant,decree and declarethatthe common facilities as identifiedas common easements on the boundary line adjustment recorded under Auditor's FileNumber 9,4/oi ll,{,,Thurston County, Washington, being streets,stormwater system,and refuseenclosuresare subjecttothe following: 1.Common Facilities. Streetsincludethe travelledroadway,on-streetparking,bike lanes,planterstrips, sidewalks,streetlighting,any sewer or water mains located withinthe street,and any stormwater transmissionlineslocatedwithin the street. Stormwater system includes stormwater transmission pipes located within the street,stormwater treatment facilitieslocated within the stormwater easement area,and stormwater infiltrationfacilitieslocatedwithinthestormwater easement area. Refuse enclosures include the pads and enclosures within the refuse easement area. 2. Maintenance and Repair. The Owners (as defined below)shallhave the duty to maintain in good condition and repair,or cause to be maintained and kept in repair,thecommon facilitiesas definedabove. Costs of maintenance shallbe allocatedbetween the owners based on the square footage of each parcelwithinPrairiePark. The Owners shallannually elect(on or about January 2nd)a business,Brm or person to be responsibleto implement the facilitymaintenance program. All maintenance and repairwork expenses shallbe allocatedas indicatedabove. The other Owners are granted alien againstthe property of any Owner who does not pay its proportionateshareof maintenance and repaircoststo the extentof payment made by the other Owners. The term "Owner" shallmean and refer toeach person or entitythatholds feetitle to any lotwithin PrairiePark and any successorof such person or entityacquiringfeetitlefrom such person or entity.The term "Owner" shallnot include any lender,trustdeed beneficiaryor 2 mortgagee,nor any lessee,tenantor occupant of space withinPrairiePark. 3. Alterationsto Common Facilities. The grantor,attheirsole expense,may choose to alterthe stormwater system by constructinga separatestormwater system for any parcel within PrairiePark.Any parcel which collects,treats,and disposes of stormwater generated from thatparcel shallno longer contribute tomaintenance of the common stormwater system. The grantor may,at theirown expense,choose to constructa separate refuse collectionarea for any parcel within PrairiePark.Any parcel which includesan individual refuseenclosureshallno longer contributetomaintenance ofthe common refuseenclosure. 4. Insurance. The Owners may choose to maintain insurance coverage relatedto the common facilities.Costs of insuranceforcommon facilitiesshallbe allocatedbetween the owners based on the squarefootage of each parcelwithinPrairiePark. Ifthe insurancepolicy alsocovers other facilitiesor propertieswithin PrairiePark beyond the common facilities,the portion of the totalpolicy to be covered under thisagreement shallbe determined by the percentage of totalland areawithin PrairiePark which comprise the common facilityeasements. Each owner would be responsiblefor theirshare of this aliquot portionbased on the standard square footage formula. 5.Compliance with Laws and Resulations -Indemnification. Each Owner shall,with respect to its own Lot,comply with all laws, rules, regulationsand requirement of allpublic authorities,and indemnify,defend and hold each other Owner harmless againstallclaims,demands, loss,damage,liabilitiesand expenses and allsuits, actionsand judgments (includingbut not limitedto costs and attorney'sfees)arisingout of or in any way relatedto such Owner's failureto maintain itsProperty ina safeconditionincludingany oilchemical or other contamination. Each Owner shallgive prompt and timely noticeof any claim made or suit or action commenced against it that in any way would result in indemnificationunder thisAgreement. 6.Construction. The ruleof strictconstructiondoes not apply to thisAgreement.The Agreement shallbe given reasonable constructionso that the intentionof Grantors to createand convey a benefitof stormwater detentionand a joint burden of maintenance for Owners iscarriedout. This Agreement shallbe construedand governed by the laws of the Stateof Washington.The invalidityand unenforceabilityof any provision hereof shall not affector impair any other provisions hereof. This Agreement may not be modified or amended except by written agreement signed and acknowledged by allOwners.All of the provisions of this Agreement 3 shallinuretothe benefitof and be bindingupon thesuccessorsand assignsof the partieshereto. 7.Defaultand Remedies. Failureof any Owner to perform itsobligationsunder this Agreement after10 days'writtennotice and opportunityto cure shallconstitutea default.Monetary defaultsshall bear interestat 18%per annum,or the maximum allowed by law,whichever isless.If,however in the event of a non-monetary default,the party within such I0 days commences the cure and pursues the cure diligentlyto completion,then the party shallnot be in default.Inthe event of a default,the other Owners shallbe entitledto bring an actionfor damages,specificperformance or,where appropriate,injunctiverelief.Such remedies shallbe inadditionto any otherremedies affordedunder Washington law. 8.Attorney Fees. In the event actionis institutedto enforce any term of thisAgreement,including payment of maintenance fees and expenses,the prevailingparty shallrecover from the losing party reasonable attorneyfeesincurredin such actionas setby thetrialcourt and,intheevent of an appeal,as setby the appellatecourts. 9.Binding Effect. These covenants,conditions,restrictionsand easements establishedin this Agreement shallrun with the Property and shallbe binding upon allpartieshaving or acquiring any rightor titlein the Property or any part thereof,and shallinuretothe benefitof each Owner thereofand are imposed upon said interestsand every part thereofas a servitudein favorof each and every of saidinterestsasthe dominant tenement ortenements. 10.Termination/Modification. This Agreement may be terminated or modified only by the writtenagreement of allof the Owners. IN WITNESS WHEREOFF,the partieshereto have executed this agreement on the date and year firstabove written. PrairiePark Holdings,LLC, A Washington limitedliabilitycompany by: Marg Clap ager 4 C.Sisters,LLC, A Washington limitedliabilitycompany By: Margeret Clapp ger STATE OF WASHINGTON ) COUNTY OF THURSTON ) On this \OE day of TVW-j ,2012,before me,the undersigned,a Notary Publicinand forthe Stateof Wadhington, duly commissioned and sworn,personally appeared Margaret Clapp, tome known to be the Manager of PrairiePark Holdings,LLC and C. Sisters,LLC,the limitedliabilitycompanies thatexecuted the foregoning instrument,and acknowledged the said instrumenttobe the freeand voluntaryactand deed of saidlimited liabilitycompanies forthe uses and purposes mentioned,and on oath statedthat she isauthorized to execute thesaid instrument. WITNESS my had and officialsealhereto affixedthe day and ye a ove itten. PrintedName:'-17.vr\AfYV re NOTARY PUBLIC inand forthe Stateof a Washington,residingat 6-4 9 ('2 :'0 My commission exipires:7 4 **-0 5 ExhibitA 22719340100 Section19 Township17 Range 2E PTN SW NE & SE NW DAF: COMM S1/4SEC 19,T HENCE ALG EAST LINESW 1/4N00-39- 18E 1244.06FTO X EAST SIDE4TH ST & EAST LINESD SW,THENCE S39-03- 43W ALG EAST SIDE4TH PARCEL "A"BLA-12-0110-YL 22719340600 19-17-2EPT SE-SW KA L2SS-8601(BLDGS ASSESSED ON 340601) 34303700100 Section19 Township17 Range 2E PlatMCKENNA IRRIGATED TRACTS TR A BLA9 88215 3157738LESS ROW SR 507 JCT SR 510 TO BALD HILLSRD VIC 34303700101 MC KENNA IRRTRS LOTS 1-2/3 BLK 37 KA PARCEL B BLA-8059 34303700204 MC KENNA IRRIGTRS BLK 37 PT LOT 2 NKA TR B BLA-80289/385POB 34303700205 MC KENNA IRRIGTRS BLK 37 PT LOT 2 NKA TR A BLA-80289/3854-54-32 34303700301 Section19 Township17 Range 2E PlatMCKENNA iRRIGATED TRACTS BLK 37 PT LT3 009044DAF:BEG SE COR LT 3;S899-33-14W228.33F;N51-30- 38W 228.33FTPOB;N59-18-14E211.30F;N51-30-38W148F;S38- PARCEL "C"BLA-12-0110-YL 34303700302 MC KENNA IRR TRS L3 B 37 KA LOT A BLA-80248/506 PARCEL "B"BLA-12-0110-YL 6 ExhibitB Tax ParcelNumber SquareFootage Percent 22719340100 602,731 72.47% 22719340600 78,844 9.48% 34303700100 39,038 4.69% 34303700101 22,651 2.72% 34303700204 27,443 3.30% 34303700205 16,981 2.04% 34303700301 18,731 2.25% 34303700302 25,26E 3.04% 7 After Recording Mail to: p II le,Barnett& Smith Thurston County Treasurer 317 S.Meridian Excise Tay Paid P.O.Box 488 Reat Puyallup,WA 98371 ex EASEMENT Grantor: PrairiePark Holdings,LLC and C.Sisters,LLC Grantee: PrairiePark Idoldings,LLC and C.Sisters,LLC ReferenceNumbers of Documents Assigned or Released: Legal Description (abbreviated): Section 19 Township 17 Range 2 East,Thurston County, Washington.TV (1 of 3 LAAR 89-1 5 11.---Se paq es &-5 . Assessor's Tax Parcel Numbers:22719340100,22719340600, 64303700100, 64303700101, 64303700204,64303700205, 64303700301, 64303700302 1111S EASEMENT isexecuted this10 da of Acw ,2012,b andy;y between the undersigned who areowners of the propertiesdescribedherein. RECITALS The undersigned are the owners and have an ownership interestin one or more of the following Thurston County tax parcels which are identifiedas follows:22719340100, 22719340600,64303700100, 64303700101, 64303700204,64303700205,64303700301, 64303700302. The under signed forthebenefitofalloftheabove referenced tax parcelsdo hereby declare and convey certaineasements which are specificallysetforthbelow: NOW THEREFORE,for good and valuable considerationthe undersigned to hereby declareand convey forthe benefitofthe above referencedtax parcels: 1.PRIVATE INGRESS & EGRESS EASEMENT for purposes of ingress,egress and utilitiesover,under and acrossthe following describedproperty situatedinThurston County, Washington: Easement Page 1 of 5 1.'DATA\D\BIII)\M\Clapp.MargaretIt430.001\PraidePark.003\DeclarationofEssement.doex 4265165 Pages:5 05/10/201202:09PM Easement ThurstonCountyWashington CITYOF YELM Hill0 RA MA' ,MR.W,MR ll III COMMENCING AT THE SOUTHEAST CORNER OF PARCEL "A" OF BOUNDARY LINE ADJUSTMENT NO.BLA-988215 YL AS RECORDED JUNE 2, 1998, UNDER AUDITOR'S FILE NO.3157738;THENCE N89040'53"W,ALONG THE NORTHERLY RIGHT-OF-WAY LINE OF 103RD AVENUE SE 575.63 FEET TO THE POINT OF BEGINNING;THENCE N11,28'35"W,62.29 FEET TO THE P.C. OF A CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 75.00 FEET;THENCE NORTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 39006'05",AN ARC DISTANCE OF 51.18 FEET; THENCE N50034'40"W,413.70 FEET TO THE P.C. OF A CURVE CONCAVE TO THE NORTHEAST HAVING A RADIUS OF 100.00 FEET;THENCE NORTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 27016'l6",AN ARC DISTANCE OF 47.60 FEET TO THE P.R.C.OF A CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 95.00 FEET;THENCE NORTHWESTERLY,ALONG SAID CURVE THROLCH A CENTRAL ANGLE OF 51033'35",AN ARC DISTANCE OF 85.49 FEET; THENCE N74051'59"W,75.57 FEET;THENCE N17022'01"W,23.91 FEET TO THE P.C.OF A CURVE CONCAVE TO THE SOUTHEAST HAVING A RADIUS OF 60.00 FEET;THENCE NORTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGEL OF 108024'22",AN ARC DISTANCE OF 113.52 FEET;THENCE S88o57'39"E,58.61 FEET TO THE P.C.OF A CURVE CONCAVE TO THE NORTHWEST HAVING A RADIUS OF 305.00 FEET;THENCE NORTHEASTERLY,ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 44'51'20",AN ARC DISTANCE OF 238.78 FEET;THENCE N46011'01"E,94.97 FEET TO THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF WEST ROAD SE;THENCE N43048'59"W,ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY LINE,50.00 FEET; THENCE S46ol l'01"W, 94.97 FEET TO THE P.C.OF A CURVE CONCAVE TO THE NORTHWEST HAVING A RADIUS OF 255.00 FEET;THENCE SOUTHWESTERLY, ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 44051'20",AN ARC DISTANCE OF 199.63 FEET;THENCE N88057'39"W,58.61 FEET TO THE P.C. OF A CURVE CONCAVE TO THE SOUTHEAST HAVING A RADIUS OF 110.00 FEET;THENCE SOUTHWESTERLY,ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 108024'22",AN ARC DISTANCE OF 208.12 FEET;THENCE S17022'01"E,3.85 FEET TO THE P.C.OF A CURVE CONCAVE TO THE NORTHWEST HAVING A RADIUS OF 25.00 FEET;THENCE SOUTHWESTERLY,ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 56055-54,AN ARC DISTANCE OF 24.84 FEET;THENCE S39033'53"W,250.83 FEET TO THE NORTHEASTERLY RIGHT-OF-WAY LINE OF S.R.507;THENCE S51018'll"E,ALONG SAID NORTHEASTERLY RIGHT-OF-WAY LINE,50.01 FEET: THENCE N39033'53"E,255.22 FEET;THENCE S74o51'59"E,79.32 FEET TO THE P.C.OF A CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 45.00 FEET;THENCE SOUTHEASTERLY,ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 51033'35",AN ARC DISTANCE OF 40.49 FEET TO THE P.R.C.OF A CURVE CONCAVE TO THE NORTHEAST HAVING A RADIUS OF 150.00 FEET;THENCE SOUTHEASTERLY, ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 27016'16",AN ARC DISTANCE OF 71.40 FEET;THENCE S50034'40"E,413.70 FEET TO THE P.C.OF A CURVE CONCAVE TO THE SOUTHWEST HAVING A RADIUS OF 25.00 FEET;THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 39006'05", AN ARC DISTANCE OF 17.06 FEET;THENCE Sllo28'35"E,51.85 FEET TO SAID Easement Page 2 of 5 I.iDATA\D\BRDiMiClapp,Margaretlb430.001\PainePark.003\DeclarationofEasanent.docx NORTHERLY RIGHT-OF--WAY LINE OF 103RD AVENUE SE;THENCE S89o40'53"E, ALONG SAID NORTHERLY RIGHT-OF-WAY LINE,51.08 FEET TO THE POINT OF BEGINNING. This grant of easement shallincludethe rightof the Grantors,theirheirs,successorsand assignsto constructand installat theirsole costand expense roads and utilitiesover,under and acrosstheabove describedeasement area. 2. PRIVATE STORM DRAINAGE INFILTRATION EASEMENT forpurposes of storm water drainage over,under and across the following described property situatedin Thurston County, Washington: COMMENCING AT THE SOUTHEAST CORNER OF PARCEL "A" OF BOUNDARY LINE ADJUSTMENT NO. BLA-988215 YL AS RECORDED JUNE 2,1998,UNDER AUDITOR'S FILE NO.3157738;THENCE N43'48'59"W,ALONG THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF WEST ROAD SE,550.41 FEET TO THE POINT OF BEGINNING; THENCE S27004'51"W,113.33 FEET;THENCE S39025'20"W,119.88 FEET TO THE NORTI1EASTERLY BOUNDARY OF PARCEL "B"OF BOUNDARY LINE ADJUSTMENT NO. 8059 AS RECORDED DECEMBER 1,1992 UNDER AUDITOR'S FILE NO.9212010103; THENCE N50034'40"W,245.25 FEET;THENCE N00'57'49"W,142.96 FEET;THENCE N3204T43"E,162.18 FEET TO SAID SOUTHWESTERLY RIGHT-OF-WAY LINE OF WEST ROAD SE;THENCE S43048'59"E,ALONG SAID SOUTHWESTERLY RIGHT-OF-WAY LINE OF WEST ROAD SE,334.70 FEET TO THE POINT OF BEGINNING. This grant of easement shallincludethe rightof the Grantors,theirheirs,successorsand assignstoconstructand installat theirsolecostand expense a storm water infiltrationsystem over, under and acrosstheabove describedeasement area. PRIVATE STORM DRAINAGE CONVEYANCE EASEMENT for purposes of storm water drain over,under and across the following describedproperty situatedin Thurston County, Washington:. COMMENCING AT THE SOUTHEAST CORNER OF PARCEL "A"OF BOUNDARY LINE ADJUSTMENT NO. BLA-988215 YL AS RECORDED JUNE 2, 1998, UNDER AUDITOR'S FILE NO.3157738;THENCE N43048'59"W,ALONG THE SOUTHWESTERLY RIGHT-OF-WAY LINE OF WEST ROAD SE,996.27 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID RIGHT-OF-WAY LINE,N43048'59"W,15.27 FEET; THENCE S56'53'47"W,171.46 FEET;THENCE S53022'57"W,56.67 FEET;THENCE S44'O9'23"W,132.58 FEET;THENCE S57020'57"W,74.34 FEET;THENCE S74051'59"E, 20.25 FEET;THENCE N57020'57"E,59.37 FEET;THENCE S89616'40"E,88.10 FEET; THENCE S69013'O7"E,99.49 FEET;THENCE S75'53'l5"E,97.19 FEET;THENCE N00"57'49"W,15.53 FEET;THENCE N75053'l5"W,92.28 FEET;THENCE N69'13'07"W, 101.27 FEET;THENCE N89016'40"W,75.57 FEET;THENCE N44009'23"E,114.80 FEET; Easement Page 3 of 5 I:\DATAiD\Sill>\M\Clapp.Margaret16430.001\PraidePark.003\DeclarationofEasenient.docx THENCE N53622'57"E,55.00 FEET;THENCE N56053'4T'E,173.84 FEET TO THE POINT OF BEGINNING. This grant of easement shallinclude the rightof the Grantors,theirheirs,successorsand assignsto constructand install at theirsolecost and expense a storm water drainage conveyance linesover,under and acrossthe above describedeasement area. 4. PRIVATE TRASH COLLECTION EASEMENT DESCRIPTION for purposes of trashcollectionover,under and across the following described property situatedin Thurston County, Washington: BEGINNING AT THE NORTHWEST CORNER OF PARCEL "B"OF BOUNDARY LINE ADJUSTMENT NO.BLA-8104 RECORDED FEBRUARY 9,1994 UNDER AUDITOR'S FILE NO 9402090160;THENCE S50'34'40"E,ALONG THE NORTHERLY LINE OF SAID PARCEL "B",75.00 FEET;THENCE N39'25'20"E,19.00 FEET;THENCE N50034'40"W, PARALLEL WITH SAID NORTHERLY LINE,75.00 FEET;THENCE S39025'20"W,19.00 FEET TO THE POINT OF BEGINNING. This grant of easement shallincludethe rightof the Grantors,theirheirs,successorsand assignsto constructand install attheirsolecostand expense a trashcollectionfacilityover,under and acrosstheabove described easement area. Attached hereto is a copy of the City of Yelm Boundary Line Adjustment No. BLA-12-0110-YL and the easements referredto above are depictedthereon. 5.The grantsof the variouseasements setforthabove shallbe for the benefit of the tax parcels described above and their owners,successors and assigns as well as the guests, customers and inviteesof saidowners. 6. The grantsof thevariouseasements shallbe constructed as a covenant running with and appurtenantto the land comprising the property setforthherein. 7.This Agreement shallnot be modified,amended or terminated without prior approval of Grantor and Grantee or theirrespectiveheirsand assigns. 8. If any one or more of the provisions contained in this agreement shall for any reason be held to be invalid,illegalor unenforceablein any respect, such invalidity,illegalityor uneforceabilityshallnot affectany otherprovisionand thisagreement shallbe construedas ifsuch invalid,illegalor unenforceable provision had never been contained in this agreement.The prevailingparty in any legal actionto enforce or interpretthisagreement shallbe entitledto an award of attorney'sfees and costsfrom the non-prevailingparty. Easement Page 4 of 5 1:\DATA\D\HHl)\M\Clapp.1fargaret16430.00014aitiePark.003iDeclaration01Easement.docx IN WITNESS WHEREOF,the partieshereto have executed thisagreement on the date and year firstabove written. PrairiePark Holdings,LLC, a Washington limitedliabilitycompany By:9 / Margaret Clapp, er C.Sisters,LLC, a Washington limitedliabilitycompany Margaret Clapp, M STATE OF WASHINGTON ) COUNTY OF-14ERGE / On thisLOP day of 41 ,2012,before me,the undersigned,a Notary Public in and forthe State of Washi3ton, duly commissioned and sworn,personallyappeared Margaret Clapp,to me known to be the Manager of PrairiePark Holdings,LLC and C.Sisters, LLC,the limitedliabilitycompanies thatexecuted the foregoing instrument,and acknowledged the said instrumenttobe the freeand voluntaryactand deed ofsaid limitedliabilitycompanies for the uses and purposes thereinmentioned,and on oath statedthatshe is authorizedto executethe said instrument. WITNESS my hand and officialsealheretoaffixedthed and year firstabove written. PrintedName:4 . 2 YYlere-,'erywl :TAA Y i NOTARY PUBLIC in and for theStateof a Washington,residingat to My commission expires: Easement Page 5 of 5 IADATA\D\BIDAMClapp.Margarellb430001\PlaidePek.003\DeclarationofEasentent.clocx Return Address Bryce H.Dille Campbell,Dille,Barnett &Smith,PLLC 317 S Meridian PO Box 488 Puyallup,WA 98371 Document title(s)(or transactions contained therein): 1.Declarationof ProtectiveCovenants,Conditionsand Restrictions Reference Number(s)of Documents assigned or released: (on page of documents(s)) Grantor(s) (Last name,firstname,middle initial) 1.PrairiePark Holdings,LLC 2.C.Sisters,LLC Grantee(s)(Last name,firstname,middle initial) 1.The Public 2. Legal Description (abbreviated:i.e.lot,block,plat or section,township, range) SW W of the SE %of Section 194,Township 17,Range 2E Assessors Property Tax Parcel/Account Number: 22719340100,22719340600,64303700100, 64303700101,64303700204,64303700205, 64303700301,64303700302 4270953 Pages:10 06/12/201202 11 PM Declaration ThurstonCountyWashington CAMPBELL,DILL,BARNETT& SMITH Will Wa FU',@ NFICWHEtW4 ll III DECLARATION OF PROTECTIVE COVENAN'IE, CONDITIONS and RESTRICTIONS FOR PRAIRIE PARK,YELM WASHINGTON THIS DECLARATION OF PROTECEIVE COVENANTS,CONDITIONS andRESTRICITONS ("Declaration")is imposedby PRAIRIE PARK HOLDINGS,LLC AND C.SISTERS,LLC ("Declarant"). RECITALS AND OBJECTIVES PRAIRIE PARK HOLDINGS, LLC AND C.SISTERS,LLC ("Declarant"),Washingtoncorporations,istheowner oftherealpropertycommonly known asPrairieParkand legallydescribedas: 22719340100 Section19 Township17 Range 2E PTN SW NE & SE NW DAF:COMM 81/4SEC 19,T -IENCEALG EAST LINESW 114N00-39- 18E 1244.06FTO X EAST SIDE4TH ST &EAST LINESD SW,THENCE S39-03- 43WALG EAST SIDE4TH PARCEL "A'BLA-12-0110-YL 22719340600 19-17-2EPT SE-SW KA L2SS-8601(BLOGS ASSESSED ON 340601) 34303700100 Section19 Township17 Range 2E PlatMCKENNA IRRIGATED TRACTS TR A BLA9 88215 3157738LESS ROW SR 507JCT SR 510TO BALD HILLSRD VIC 34303700101 MC KENNA IRRTRS LOTS 1-213BLK 37 KA PARCEL B BLA-8059 34303700204 MC KENNA IRRIGTRS BLK 37 PT LOT 2 NKA TR B BLA-80289/385POB 34303700205 MC KENNA IRRIGTRS BLK 37PT LOT 2 NKA TR A BLA-80289/3854-54-32 34303700301 Section19 Township17 Range 2E PlatMCKENNA IRRIGATED TRACTS BLK 37 PT LT3 000044DAF:BEG SE COR LT 3;S899-33-14W228.33F:N51-30- 38W228.33F TPOB;N59-18-14E211.30F:N51-30-38W148F;S38- PARCEL "C'BLA-12-0110-YL 34303700302 MC KENNA IRRTRS L 3B 37 KA LOT A BLA-802481506 PARCEL "B'BLA-12-0110-YL PrairieParkisaMixed Use BusinessParkDevelopmentsubjecttoa Bindmg SitePlan.Itsbusinessmixisdirected towardsleisureand familyappropriateentertainmentwhichmay include:retail,restawant,bar,lodging,office, library,residential,entertainmentandotheruses.Owners appreciatebemg locatednearoneanotherandbenefitfrom crosstraffic,sharedparkingandsome unityofpurpose. To thisend itisdesirabletohaveselfimposedguidelinesrelativetohow buildingsarebuilt,usedand maintained, thustheprovisionsof thisDeclarationareherebyimposedonPrairieParkrealpropertyowned by Declarant.This Declarationisintendedtoassurecompatibilitywithexislingand planneddevelopment,toprotectpropertyvalues,to ensurequalityconstructionofimprovementsthatarecompatiblewitha harmoniousdevelopmentofPrairiePark. NOW THEREFORE,theDeclarantdeclaresthatthisDeclarationanditscovenants,condilions,restrictions,and reservationsshallbedeemedtorunwiththerealpropertysituatedinPrairieParkandshallbe bindingonallparties havingoracquiringanyright,title,or interestinPrairieParkor anypartthereof,andwhichshallinuretothebenefit oftheAssociationand ofeachOwner.ThisDeclarationshallbindandbe applicabletoallOwnersand occupantsof PrairieParkand theirrespectiveofficers,agents,employees,customers,licensees,invitees,tenants,subtenants, mortgagees,successors,assigneesand any otherpersonhavinganyinterestinortoanypartofPrairieParkor possessionthereofby,throughorunderan Owner,occupantorpossessor.And further,anyAdditionalPlatsderived frompartiestothisdeclarationshallhereafterbe made subjecttothisDeclaration ARTICLE I Definitions 1.1Declarant.TheDeclarantreferstoPrairieParkHoldings,LLC andC.Sisters,LLC andtheircorporate successorsandorassigns,orany otherentityororganizationthatsucceedstoDeclarant'slegalinterestorobligations inPrairieParkincludingtheOwnersAssociation. 1.2OwnersAssociation.OwnersAssociation(OA)referstothea WashingtonNon-ProfitAssociationthatmay be formedatDeclarant'sdiscretion,among thethenexistingOwners ofrealpropertysituatedinPrairieParkatsuch timeasDeclarantanditscorporatesuccessorsand or assignsdeterminethatformationofanOwners Associationis desirableaccordingtotheArliciesofIncorporationand Bylaws. 1.3Owner(skOwner orOwners referstothosewho acquirea feesimpleinterestinrealpropertysituatedinPrairie Park,by deedorrealestatecontract,thataregovernedby thisDeclaration.Intheeventthatanyparcelofpropertyis condominiumized,theassociationwithrespecttothatcondominiumshallbe consideredasan ownerandthe associationshallbe responsibleforany assessmentsorduesimposedwithrespecttothepropertywithinthe condominium. ARTICLE II DevelopmentStandards At thetimeofdevelopmentofeachparcelwithinPrairiePark,andatsuchothertimesasan Owner may apply fora buildingpermitforimprovementstoa parcel,orapplyforany otherpermitfroma publicagency,theDeclarant intendsthatOwners complywiththedevelopmentstandardssetforthherein. 2.1.ReviewofPlans.No building,structure,fence,road,wall,parkingarea,lighting,utilitiesorotherimprovements includinglandscapingof anynature,shallbe commenced,erected,orplantedon thepropertylocatedinPrairiePark, norshallany exterioradditionormodificationto,or changeoralterationthereof,bemade untiltheplansand specificationsshowingthenature,kind,shape,elevation,colar,materials,species,lightingplan,utilityplan,and locationof thesameshallhavebeensubmittedtoand approvedinwritingby Declarant.IntheeventDeclarantfails toapprove,disapproveorotherwiserespondtosuchdesignand locationwithin30 daysaftersaidplansand specificationshavebeensubmittedtoit,approvalwillbedeemedtohavebeengranted.The purposeof this requirementistopermitDeclaranttoreviewcompliancewiththisDeclaration.Plansand specificationsarenot approvedforengineeringor structuraldesignorqualityofmaterials.By approvingsuchplansand specifications neithertheBoardoftheOA,themembers thereof,theDeclarant,ortheAssociationassumesliabilityor responsibilitytherefor,norforany defectinany structureconstructedfrom suchplansandspecifications. 2.2.Guidelines.Inordertoobtainandmaintainthehanuouyofexternaldesignand locationinrelationto surroundingstructuresand topographyhereinandinordertomaintainthegeneralplanofimprovementforthe mutualbenefitof thePrairiePark,Declarantshallbe guidedby thefoHowing: a.Design. i.Any buildingerectedonthepremisesshallconformtotheYelm DesignGuidelinesintentions. Modulationtothefacadeby useofwindows,awnings,arches,colunms,facadedivisions,roofvariationsand overhangs,etc,arestronglyencouraged.As longasitisinteresting,hasdetailandis"foursided"thereareno "style"limitations(asina theme)normaterialconformityrequired.NationalTenant/NationalFranchise Architecture(buildingdesignsthatareprototypicaloridentifiablewitha particularchainor corporation)shall be stronglyencouragedtobe unique. ii.ExternalgroundIcvelorwall-mountedhealing,airconditioning,electricalandotherequipmentshallbe installedinamannerthatitisscreened,coveredandotherwisevisuallyobscuredfromotherparcelswithin PrairiePark.Abandonedandlordamagedutilityboxes,meters,and pedestalsshallbe repaired.Utilityboxand pedestals(includingbutnotlimitedtotransformers,switchgear,phoneandcableTV pedestals)shallbe placedsuchthattheydonotblockrequiredvisibilityirianglesatstreetinterseclionsanddriveways.The developerisresponsibletoworkwiththeutilitycompaniestocoordinatelocationsofutilityboxesand pedestalsaccordingtotheprovisionslistedabove.Utilityboxes,pedestalsandmeterpanelsshallbe paintedto blendinwithsurroundingsortomatchthebuildingwallswithutilitycompanyapprovals. iii.Buildingsshallbe designedsothattheexteriorelevationofeachwillbe aestheticallycompatiblewith otherstructureswithinPrairiePark,and sothatthebuildings,walls,footingsand awningsshallnotencroach fromonelotontoanotherlotasrequiredby applicablezoningregulations.Designand constructionshall conformwithsoundarchitecturalconstructionand engineeringstandardsasestablishedbyuniformcodeand localregulations, iv.Allimprovementsshallbe ofgood quality. v.Allexteriorsshallhaveafinishedtreatment. vi.ColorsutilizedinfinishingexteriorsshaHbenaturaltonesorothercolorsmutuallyagreedupon by DeclarantandOwner.Designaccentswi1htwo ormorecolorsareencouraged. b.Screening.In ordertomaintainaneatandorderlyappearanceforPrairiePark,Declarantmay,when outsidematerialstorageispermitted,requireOwner toinstallorconstructberms,opaquewalls,fences,shrubberyor othermethodologytoobscuretheviewofitemsstoredoutdoors. c.On-siteLightine.The objectiveofon-sitelightmgistolightlandscapedareas,pedestriancirculation, buildings,parkingorapprovedstoragefordecorativeorseemityreasons.Lightingshallbe designedtoavoidor minimizelightdiffusiontoadjoiningpropertywherenegativeimpactsmay becreated.Itshouldbe directionaland shieldedwhereverpossible.Itshouldnotcompetewithnordetractfromstorefronts. d.CFFED Principles.UseoftheCrimePreventionThroughEnviromnentalDesignprinciplesisstrongly encouraged.The conceptisthattheproperdesignandeffectiveuseofthebuiltenvironmentcanleadtothe reductionintheincidenceandfearofcrime,andan improvementinthequalityoflife.The principlesinclude; *Physicaldesignwhichkeepspotentialintrudersundertheperceptionofcontinualwatch.Physicaldesign whichguidesthemobilityofpeopleandwhichdecreasescrimeopportunityandincreasesperceptionofrisk topotentialoffenders *Physicaldesignwhichencouragesusersofpropertytodevelopownershipoverit,developingspacewithan easilydiscemiblepurpose,usingsymbolicbarrierssuchaslow lyingfences/wall,landscapingand signage, eliminalingambiguousspaces,encomagmg easy maintenance,anddiscouragingcrime *Managingandmaintainingpropertydemonstratesthatsomeonecaresaboutandisobservingtheproperty *Landscapingconsiderations,includingplantingshrubswitha maximum heightoftwotothreefeetandtrees witha propergroundclearanceofseven(7)feetabovewalkwaysand sidewalksand fourteen(14)feetabove vehiculartravelandparkinglanes.Thisshallbe accomplishedthough pmperpruningpracticesnotby clear cutting,toppingtreesorother"pruningforexposure"techniques *Symbolicbarriers,suchaslow lyingfences/walls,landscapingand signageshallbeusedtodiscouragecrime andtopromotesafety. *Streetandparkingsideofbuildingelevationswithextensivewindows,balconies,decksorlandscapeterraces areencouraged. ARTICLE IH MaintenanceStandards Themaintenancestandardsareintendedtooutlineminimum standardsandtherequiredlevelofupkeepandrepair forstructuresandthesurroundinglandscapingandproperty. 3.1.Buildings.Exteriorwallsandfacingsshallnotbeallowedtobecome cracked,chipped,fadedorinany way deterioratedsothattheaestheticsareimpairedasdetenninedby Declarant.Brokenwindows,doorsorotherexterior members ofstructuresshallbe repairedorreplacedpromptly. 3.2IandscapingAlllandscapingshallbemaintainedinan attractivemannerandweed freeconditionatalltimes. Plantsandshrubsshallbe maintainedina healthy,diseasefreecondilion.Pools,formtainsandthelikearetobe maintainedinacleanandoperatingcondition.Landscapingshouldnotbesoheavythatitobscuressignageor pmvidesplacesforpeopletohide. 33 OutdoorSpaces.Streetfurnitureand gatheringspacesshouldencouragepedestrianactivitywhilenotinviting loitering. 3.4.Screenine.Fencingand any otherarchitecturalscreenshallbe maintainedinan aestheticallypleasingformand notallowedtobecomedeteriorated. 3.5.PavedArcasandOtherSurfaces.Allpavedareaswhetherusedforparking,driveways,truckloadingor otherwise,shallnotbe pennittedtobecome broken,cracked,settledorotherwiseinneedofrepairs.Grass,weeds andotherplantmaterialgrowingincracksshouldbe removed.Areascoveredwithgravel,bark,rocksorwood chips aretobe keptfreeoflitteranddebris.Markingson pavedsurfacesaretobe maintainedtobe clearlyvisible. 3.6.UnimprovedAreas.Allareasthatarenototherwiselandscapedorimprovedshallbe maintainedinaweed free condition.EachOwner shallremoveandwillnototherwisepermitweedsidentifiedbytheNoxiousWeed Control Boardasdangeroustopublichealth,safetyand welfaretobeon therealproperty. ARTICLE IV Common Areasand Facilities 4.1.Common Areas.Common AreasandFacilitiesaredescribedperinstrumentrecordedunderThurstonCounty Auditor'sFile4265165 ARTICLE V Assessments 5.1The costofmaintainingcommon facilitiesisestablishedbytheMaintenanceAgreementfiledatThurston CountyAuditor'sFileNumber 4265167 ARTICLE VI Enforcement 6.1.DeclarantshallhavetherighttoenforcethisDeclarationandthecovenants,conditionsand restrictionsbyany proceedingsatlaw orinequitythatitdeems appmpriate.Unpaidassessmentsshallconstitutealienagainstan Owner'spropertyandmay beenforcedbyfilingtheassessmentasalienbyrecordingnoticethereofwiththe ThurstonCountyAuditorandenforcedby foreclosureactioninThurstonCountySuperiorCourt,followingthesame procedureasissetforthfortheforeclosureofliensforthefurnishingoflaborandmaterials.The prevailingparty shallbe entitledtorecovertheircostsand reasonableattoracy'sfeesinany enforcementaction.Inaddition, DeclarantshallhavetherighttosuspendaccesstoCoonnon AreasandFacilitieslocatedwithinthemforviolationof anycovenant,conditionorrestrictionorfailuretopay any assessmentswhen due.Priortotheinitiationofany enforcementproceedingorotherremedy,Declarantshallprovide60 dayswrittennoticetotheoffendingparty specifyingtheallegeddefault.Duringthisnoticeperiod,theoffendingpartyispermittedtocurethedefaultalleged inthewrittennotice.Ifthedefaultallegedisnotcuredwithinthenoticeperiod,thenDeclarantmay invokeany of theenforcementproceedingsorremediesprovidedforinthisDeclarationorotherwiseavailableby law. ARTICLE VII Owners Association 7.1.Canation.Declarantwillestablishan Owners Association(OA)atitsdiscretionoratsuchtimeastherearethree (3)ormore separateparcelownersandthatownersincludingDeclarantdeterminethatformationoftheOA is desirable.Tbc pmpose forsuchOA isfor(1)theDeclarant,atitssolediscretionandoption,totransferallorany portionofDeclarant'sinterestintheCommon AreasandFacilities,includingutilityliesand facilities,drainage facilities,roadwaysand walkways,andinsuchcase,theOA shallbecomethesuccessortowhateverinterestinthe Common AreasandFacilitiesDeclaranttransferstotheOA and,(2)toenforce,manage,amendortakeotheractions regardingtheArticlesofthisdeclaration. 7.2.Contd.TheOwners Associationshallbe controlledandadministeredaccordingtoitsBylaws.TheOA may adoptrulesand regulationsorotheradministrativeoroperativeproceduresconsistentwiththisDeclaration,the ArticlesofIncorporationand Bylawstocarryoutand implementtheobligationsofthisDeclaration.The Owners Associationshallbe empowered toenforcewhateverintereststhatDeclarantmay transfertoitunderArticle7.1 accordingtothetermsofthisDeclaration.Thereshallbe atleastthreememberson theBoardand any Parcel, regardlessthenumber ofowners,may haveonememberivote.TheBoardshallmeet atleastonce a yearto;inspect thearea,plan,approvea budget,hireservices,reviewpaymentsandseporttoallownersoftheselistedactivities. ARTICLE VIII EnvironmentalCovenants 8.1.HarardousMaterials.Ownersshallnotengageinorallowthegeneration,use,manufacture,treatment, transportation,storageordisposalofanybazardoussubstancein,on,underoradjacentto1heirrealpropertythatin anyway isprohibitedby applicable federal,stateandlocallaws,regulationsand orders.Owner shallnotengagein orallowtheunlawfulrelease(fromundergroundtanksorotherwise)ofanyhazardoussubstancein,on,underor adjacenttoOwner'srealproperty(includingair,surfacewaterandgroundwateron,in,underor adjacenttothereal property).Owner shallatalltimesbeincompliancewithallapplicablelaw (andshallcauseitsemployees,agents andcontractorstobe)withrespecttotherealpropertyorany hazardoussubstanceandshallbandleallhazardous substancesincompliancewithgood industrystandardsandmanagementpractices.As usedinthisDeclaration,the term"hazardoussubstance"shallmean any substance,chemicalor waste,includinganypelroleumproductsor radioactivesubstances,thatisnow or shallhereafterbe listed,definedorregulatedashazardous,toxicor dangerous underanyapplicablelaws.As usedinthisDeclaration,"applicablelaw"shallmean anyfederal,state,orlocallaws, ordinances,rules,regulationsandrequirementsnow orhereafterenacted(includingconsentdecreesand administrativeorders)relatingtothegeneration,use,manufacture,treatment,transportation,storage,disposal,or releaseof anyhazardoussubstance. ARTICLE IX Other Regulations 9.1. RealpropertyinPrairieParkmay beusedaspermittedby applicablezoningregulationsofYelm, Washington,orany othergovermnentalbody havingjurisdictionoverzoningexcepttotheextentrestrictedbythis Declaration.IntheeventofconflictbetweenzoningregulationsandthisDeclaration,theprovisionsofthis Declarationshallcontrol. 9.2.OffensiveTrade.No unlawful,noxiousoroffensivetradeor activityshallbe carriedon upon theproperty,nor shallanythingbedonethereonwhichmay beorso become an annoyanceornuisancetoneighboringOwnersor occupants,norshallsoundand externalnoiseandodorsbe pernatedwhichexceedsapplicablegovernmental regulations. 9.3.Agag.Declarant'sintentistopernntreasonablesignageinPrairieParkwithoutimpositionof strictstandardsto accommodateflexibilityinsigndesign.However,toensurecompliancewiththisDeclaration,allsigndesigns, materials,location,size,colorsand detailsmustbesubmittedtoDeclarantforapprovalpriortoinstallation.Once a givenstyleof signisapproved,additionalsignsofthesamesizeand styleneednotbe submittedtoDeclarantfor approval. a.Signagemustmeet citystandardsforsignagewithina businesspark.Signageisencouragedtobe integratedintothearchitecturaldesignof thebuildingswithina developmentandshallbe coordinatedso farasisreasonablypossiblewiththeexteriordesignand colorsofthebuildingtowhichthesignsapply. SignageisprohibitedwithinallCommon AreasofPrairieParkasdelineatedontheapplicableBindingSite Planexceptforcommunal signs.The purposeofthisrestrictionistoavoidinterferencewiththe maintenanceof landscapingandperiodicexcavationofutilitylineslocatedwithinthearea. b.Grtainportion'sofparcel"64303700100"may be reservedforcommunal signageforthebusinesspark ownersasmay be assignedby DeclarantMaintenanceforthesignsshallbe paidby thoseutilizingthem. Thereshallbe no more thanoneshasedsignstructmeon eachoftheseareas.Signageshallconformtowhat isallowedby localcodeexceptasnotedintheBuildingGuidelinesAgreement AH saidstructuresmustbe approvedinwritingby PrairieParkLLC oritsdesignatepriortoconstruction. c.QuietandtastefulsignageisgenerallyencouragedaroundPrairiePark.However,forfacadesaroundthe circleparkand facingintoeachother,neon,flashing,rotatingorothersignsina"timessquare"fashionare greatlyencouraged.Thisisintendedtohelpcreatean atmosphere,likeanartinstallation,nottobe informativetotravelerson surroundingpublicstreers. d.Illuminatedsignsareallowedasspecificallyapprovedby Declarant. c.FreestandingadvertisingsignsareprohibitedunlessspecialwrittenpermissionfromDeclarantisobtained. f.Approvedmonument signsarepermittedasaredirectionaltypesigns,however,notwithincasementareas. g. Approved wallorbladesignsontheexteriorofa buildingarepermitted,butlimitedtotheidentificationof theoccupant. 9.4.Animals.No animals,livestockorpoultryofany kindshallbe raised,bredorkeptonthepropertywithout writtenapprovalby thedeclarantandonlyaccordingtocitycode. 9.5.Rubbeb.Allrubbish,trashand garbageshallbe regularlyremovedfromthepropertyand shallnotbe allowed toaccumulatethereonfora periodinexcessofseven(7)days. 9.6 EmployeeParking.Ownersshouldencourageemployeestoparkinthemore distantspotsandtheDeclarant reservestherighttomake rulesregardingemployeeparking. 9.7.BindingSitePlan.Each Owner ofpropertyinPrairicParkshallcomplywiththeconditionsand covenants imposedonPrairieParkinconnectionwiththeBindingSitePlan. 9.8Maintenance.EachOwner shallkeepthepropertyandimprovementsingood orderand repairincluding,without limitalion,allbuildings,landscapingand otherimprovementsthereon.The Owner shallfollowa regularcourseof maintenanceforallbuildingsand improvementsandshallregularlymow andwateralllawn areasand regularly maintainallotherlandscapingon theOwner'spropertywhichisnotmaintainedby Declarant.The Owner shallnot permittheproperty,landscapingorany improvementsthereontoexhibitsignsofdeterioration,disrepairorneglect. EachOwner shallmaintainitsparceland allstructures,parkingareasand otherimprovementsingood orderand repairandfreeofdebris.Suchmaintenanceobligationshallinclude,butshallnotbe limitedto: 1.Promptlyremovingalllitter,trash,refuse,andwastes. 2.Lawn mowing ona regularbasis. 3.Treeandshrubpruning. 4.Keepinglawnand landscapedareasalive,freeofweeds,and attractive. 5.Keepingparkingand loadingareas,driveways,and privateroadsingood repair. 6.Keepingimprovements,exteriorlightingand mamtenancefacilitiesingood repairand workingorder. 7.Complyingwithallgovernment,healthand policerequirements. 8.Repaintingofimprovements. 9.Repairingexteriordamage toimprovements. 10.Slripingofparkingareas. 11.MaintainindividualStormDrainsystemifseparatetotheirindividualsite. 9.9Snow Removal.Each Owner shallbe responsibleforsnowremovalfromtheproperty.Declarantwillbe responsibleforsnow removedfromallcommon areas,includmgsidewalks,(notincludingpublicstreets),thecostof whichshallbe assessedtoeachOwner asprovidedabove.Snow removalmay be arrangedinconjunctionwiththe declarant'sremovalbutchargedbacktotheowner. 9.10.HoursofOperation.Shoulditseemdesirableforthebenefitofall,theOA may establishrulesforopening hoursofretailorientedbusinessesinPrairiePark.providedthatthisshallnotapplytoTimberlandRegionalLibrary oranypropertyorcondominiumunitowned by theCityofYelm. 9.11.Ownersffenants.Intheeventan Owner leasesto,or allowspossessionof,Owner'srealpropertyby a tenant, eachsuchtenantshallbebound by allofOwner'sobligationsimposedby thisDeclaration. 9.12.Amendments.IhisDeclarationcanbe amended by theDeclarantuntilsuchtimeastherearethreeormore separateparcelownersand subsequenttothatdate,theamendmenttothedeclarationshallonlybemade upon the consentor75% oftheparcelowners,ieone voteperparcelregardlessiftheiraremultipleownersofa givenparcel. 9.13Severability'llaisinstrumentcontainstheentiredeclarationrelalingtotherightsgrantedand theobligations assumed.Any oralrepresentationsormodificationsconcerningthisinstnunentshallbe ofnoforceandeffect.In caseanyoneormore oftheprovisionscontainedinthisAgreementshallforanyreasonbe heldtobe invalid,illegal, orunenforceableinany respect,suchinvalidity,illegality,ornon edon-eabilityshallnotaffectany otherprovision hereof,andthisAgreementshallbe construedasifsuchinvalid,illegal,orunenforceableprovisionhadneverbeen containedherein. 9.14RindingAibitrationofDisputes.Intheeventofa disputebetweentheownersastoanyaspectrelatingtothe enforcementofthisDeclarationorrelatingtoeasementuse,maintenance,repairorreplacement,includingbutnot limitedtothatnecessarytherefore,theownersagreetosubmitthedisputetobindingarbitrationasprovidedherein. Ifthepartiesareunabletoagreeupon an arbitrator,eitherpartymay apply totheThurstonCountySuperiorCourt fortheappointmentofanarbitrator.A partyseekingtoenforcethisDeclarationmay bringdirectly,ina courtof competentjurisdiction,alawsuitwithoutseekingarbitrationiftheprimaryreliefsoughtisa temporaryrestraining orderorpreliminaryinjunction.Upon thecourt'sdeterminationof whethera restrainingorderinjunctionshouldbe granted,themattershallthenbereferredtoarbitrationfordeterminationoftbcmeritsofthedispute. 9.15.Attomevs'Fees.Ifanylegalactionorarbitrationiscommenced toenforceordetermineanyoftherightsof thepartiesunderthisDeclaration,,theprevailingpartyinsuchlegalactionshallbe entitledtorecovertheir attorneys'feesand allcostsoflitigation. 9.16.ApplicableLaw. ThisDeclarationshallbeconstruedinaccordancewithandalldisputeshereundershallbe govemed by thelawsoftheStateofWashington. 9.17.Lign Alien may be placedonthepropertyforanyunpaidcommon maintenance. 9.19.Condemnation.The otherownersshallnot,by reasonofthisDeclaration,acquireanyrightstoshareinany condemnationawardthatmay bemade toany owneras a resultofa condemnationofanyportionofthatowner's lot.However,an owner whoseaccessisaffectedby thecondemnationofanotherowner'slotmay make itsown claim,ifpermittedby law,forthevalueofthelossofsuchaccess,ifsuchclaimisinadditiontotheclaimavailable totheownerofthelotthatissubjecttothecondemnation. 9.20PropertyInsuredbyOwners:Damage andDes1ruction.Each Owner acknowledgesand agreesthatthe Declarantshallhaveno obligationtoinsuretheOwner'sparcelorimprovements.Each Owner shallcarry appropriateliabilityand casualtyinsuranceorcausesuchinsurancetobecarriedby anotherentity.Each Owner fullycovenantsand agreesthatintheeventoflossordamage anddestructionofImprovementson theOwner's parcel,theOwner shallproceedpromptlyeither(a)torepairorreconstructthedamaged structureinamanner consistentwiththeoriginalconstructionorinsuchmannerasmay be approvedinaccordancewiththeprovisionsof ArlicleIIhereof,or(b)toclearthebuildingsiteofalldebrisand returnittosubstantiallythenaturalstateinwhichit existedpriortothebeginningof constructionandthereaftertomamtaintheparcelinaneatand attractivecondition. 9.21NoticeofSaleorTransferofTitle.Intheeventthatany Owner desirestosellorotherwisetransfertitletohis orherparcel,suchOwner shallgivetheBoardofDirectorsatleastsevendayspriorwrittennoticeofthename and addressofthepurchaseror transferee,thedateof suchtransferoftitle,and suchotherinformationastheBoardof Directorsmay reasonablyrequire.Untilsuchwrittennoticeisreceivedby theBoardofDirectors,thetransferorshall continuetobe jointlyand severallyresponsibleforallobligationsoftheOwner hereunder,includingpaymentof Assessments,notwithstandingthetransferoftitletotheparcel. 9.22ProperNoticetoOwner or EliaibleParty.Exceptassetforth,noticerequiredtobe giventoany Owner orother entitledpartyforinstanceamortgagelender,undertheprovisionsofthisDeclarationshallbe deemed tohavebeen properlydeliveredwhen depositedintheUnitedStatesmail,postageprepaid,addressedtothelastknown addressof thepersonwho appearsastheOwner orOtherontherecordsoftheAssociationatthetimeof suchmailing.Only onenoticeperparcel,regardlessofhow many ownersorothersshallbe made.Noticetoone shallbe deemednotice toalLNoticesofpastdue Assessments,ortheintentiontoinstituteany ofthepunitiveprovisionshereof,or any sanctionstobe imposedhereunder,orof any violationsofthisDeclarationshallbesenttotheaffectedpersonor entityby certifiedmail,returnreceiptrequestedand addressedasaforesaid. ARTICLE X FuturePavisions 10.1:IIncParkatPrairiePark:TheRealpropertyattheintersectionofPrairieParkStreetandLane (theCircle),part ofParcel"&1303700100"isintendedtobe developedasa multi-purposerecreationalpark.Untilsuchtimeasthe Declarantmay dedicateittotheOA,itwillbe keepPrivateand underthecontrolofPrairieParkthedeclarant. 10.3DivisionofParcels.The Declarantreservestherighttofurthersubdivideparcels. INWITNESS WHEREOF,thisDeclarationandthecovenantsstatedhereinaredulyexecuted thistwelfthday of.Tune,2012. PrairieParkHoldings,LLC By:1 MargaretClapp ItsManagingMember STATE OF WASHINGTON CountyofThurston On this /day of /vL{..2012,personallyappearedtome MargaretA.Clapptome known tobethe ManagingMember ofPrairieParkHoldings,LLC,thecorporationthatexecutedtheforegoinginstrument,and acknowledgedthesaidinstranenttobethefreeand voluntaryactand deedofsaidcorporation,fortheusesand purposesthereinmentioned,andonoathstatedthathe was authorizedtoexecutethesaidinstrument. INWITNESS WHEREOF,Ihavehereuntosetmy hand and affixedmy officialsealtheday and yearfirstabove wntten. NotaryPublicinandfortheStateof OTAR y Washington,residingat a ((9 CO .PUBL\G My CommissionExpires: