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
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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