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HomeMy WebLinkAboutL_MASTER GUARANTEE-LINKED-LIVELOOKChic ago T it le Bellevue, WA 98005 Email: CT IBellevueET U@c t t .c om Commi tmen t for Ti tl e In su ran ce T it le Offic er: East side T it le Unit Email: CT IBellevueET U@c t t .c om T it le No.: 0254703-ET U Propert y Address: 3750 East Valley Rd Rent on, WA 98055 In trodu ci n g Li veLOOK LiveLOOK t it le doc ument delivery syst em is designed t o provide 24/7 real-t ime ac c ess t o all informat ion relat ed t o a t it le insuranc e t ransac t ion. Ac c ess t it le report s, exc ept ion doc ument s, an easy-t o-use summary page, and more, at your fingert ips and your c onvenienc e. T o vi e w yo u r n e w C h i ca g o T i t l e L i ve L O O K re p o rt , C l i ck H e re Effortless, Efficient, Compliant, and Accessible SUBDIVISION Guarantee/Certificate Number: Issued By: 0254703-ETU Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:29 AM Page 1 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Lender with contractual obligations under a loan agreement with the vested owner identified at Item 4 below or a purchaser 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 11900 NE 1st St., Suite 110 Bellevue, WA 98005 Chicago Title Insurance Company By: Countersigned By: Nathan Warwick Authorized Officer or Agent Michael J. Nolan, President Attest: Marjorie Nemzura, Secretary Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:29 AM Page 2 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0254703-ETU ISSUING OFFICE: Title Officer: Eastside Title Unit Chicago Title Company of Washington 11900 NE 1st St., Suite 110 Bellevue, WA 98005 Main Phone: (425)646-9883 Email: CTIBellevueETU@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $0.00 $0.00 Effective Date: April 4, 2023 at 12:00 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: Constant Source Investment Development Inc., a Washington corporation 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: 04.10.23 @ 09:29 AM Page 3 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU For APN/Parcel ID(s):302305-9082-04 Lot 1, City of Renton Short Plat No. 014-81, recorded under recording number 8105209001, in King County, Washington. Situate in the County of King, State of Washington. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0254703-ETU SCHEDULE B Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:30 AM Page 4 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU 1.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Traction, Light & Power Company Purpose: A line of poles and wires and appurtenances related thereto Recording Date: December 13, 1916 Recording No.: 1103039 Affects: The description contained therein is not sufficient to determine its exact location within the property herein described 2.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Municipality of Metropolitan Seattle Purpose: Sewer trunk line with all connections, manholes and appurtenances Recording Date: October 2, 1968 Recording No.: 6414758 Affects: The East 10 feet of said premises and other property 3.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Renton Purpose: Maintenance, repair and replacement of all water mains, fire hydrants and water meters Recording Date: May 17, 1976 Recording No.: 7605170692 Affects: The description contained therein is not sufficient to determine its exact location within the property herein described Said easement also appears of record under instrument recorded under recording no. 8012290361. 4.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 City of Renton Short Plat No. 014-81: Recording No: 8105209001 5.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Power & Light Company, a Washington corporation Purpose: Underground electric transmission and/or distribution system together with all necessary connections and appurtenances Recording Date: June 18, 1981 Recording No.: 8106180669 Affects: The South 20 feet of the West 160 feet of said premises; and the West 10 feet of said premises; except the South 20 feet thereof 6.Condemnation of access to State Highway Number 5 (SR 167) and of light, view and air by Decree in favor of the State of Washington: Superior Case Cause Number: 582233 County: King CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0254703-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:30 AM Page 5 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU 7.Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, encroachments, 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 Survey: Recording No: 8102269003 8.Any unrecorded leaseholds, right of vendors and holders of security interests on personal property installed upon the Land and rights of tenants to remove trade fixtures at the expiration of the terms. 9.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: 2023 Tax Account No.: 302305-9082-04 Levy Code: 2100 Assessed Value-Land: $1,624,600.00 Assessed Value-Improvements: $1,463,300.00 General and Special Taxes: Billed: $30,361.23 Paid: $0.00 Unpaid: $30,361.23 10.Liability for Sewer Treatment Capacity Charges, if any, affecting certain areas of King, Pierce and Snohomish Counties. Said charges could apply to property connecting to the metropolitan sewerage facilities or reconnecting or changing its use and/or structure after February 1, 1990. Please contact the King County Wastewater Treatment Division, Capacity Charge Program, for further information at 206-296-1450 or Fax No. 206-263-6823 or email at CapChargeEscrow@kingcounty.gov. * A map showing sewer service area boundaries and incorporated areas can be found at: http://www.kingcounty.gov/services/gis/Maps/vmc/Utilities.aspx#4E564EB5E6894FBC95694BE009A45399 Unrecorded Sewer Capacity Charges are not a lien on title to the Land. NOTE: This exception will not appear in the policy to be issued. 11.A deed of trust to secure an indebtedness in the amount shown below, Amount: $1,770,000.00 Dated: December 28, 2021 Trustor/Grantor: Constant Source Investment Development Inc. Trustee: First American Title Insurance Company Beneficiary: East West Bank Recording Date: December 28, 2021 Recording No.: 20211228001113 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0254703-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:30 AM Page 6 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU The Deed of Trust set forth above is purported to be a “Credit Line” Deed of Trust. It is a requirement that the Trustor/Grantor of said Deed of Trust provide written authorization to close said credit line account to the Lender when the Deed of Trust is being paid off through the Company or other Settlement/Escrow Agent or provide a satisfactory subordination of this Deed of Trust to the proposed Deed of Trust to be recorded at closing. 12.Assignment of Rents and Leases Assigned to: East West Bank Assigned by: Constant Source Investment Development Inc. Recording Date: December 28, 2021 Recording No.: 20211228001114 13.Subordination, Nondisturbance and Attornment Agreement, and the terms and conditions thereof: Lender: East West Bank Tenant: Triumph Valley Restaurant Landlord: Constant Source Investment Development Inc. Recording Date: December 28, 2021 Recording No.: 20211228001115 14.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled: Subordination, Nondisturbance and Attornment Agreement Lessor: Constant Source Investment Development Inc. Lessee: Triumph Valley Restaurant Recording Date: December 28, 2021 Recording No.: 20211228001115 15.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by information provided to the Company Lessor: Yang Investment LLC Lessee: AFK Tavern Inc. 16.Any right, interest or claim that may exist, arise or be asserted against the Title under or pursuant to the Perishable Agricultural Commodities Act of 1930, as amended, 7 USC 499a et seq., the Packers and Stockyard Act of 1921, as amended, 7 USC 181 et seq., or any similar state laws. 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: LT 1, CITY OF RENTON SP NO. 014-81, REC NO. 8105209001 Tax Account No.: 302305-9082-04 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0254703-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.10.23 @ 09:30 AM Page 7 WA-CT-FNSE-02150.622475-SPS-1-23-0254703-ETU Note: The Public Records indicate that the address of the improvement located on said Land is as follows: 3750 East Valley Rd Renton, WA 98055 END OF SCHEDULE B