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HomeMy WebLinkAboutL_Title_Report_230905_v1Chicago Title Seattle, WA 98104 Commitment for Title Insurance Title Officer: Team Zeke Email: TeamZeke@ctt.com Title No.: 230124-SC Property Address: Introducing LiveLOOK LiveLOOK title document delivery system is designed to provide 24/7 real-time access to all information related to a title insurance transaction. Access title reports, exception documents, an easy-to-use summary page, and more, at your fingertips and your convenience. To view your new Chicago Title LiveLO OK report, Click Here Effortless, Efficient, Compliant, and Accessible SUBDIVISION Guarantee/Certificate Number: Issued By: 230124-SC Subdivision Guarantee/Certificate Printed: 01.19.23 @ 04:38 PM Page 1 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Sitts & Hill Engineers, Inc. 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 701 5th Avenue, Suite 2700 Seattle, WA 98104 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent Michael J. Nolan, President Attest: Marjorie Nemzura, Secretary Subdivision Guarantee/Certificate Printed: 01.19.23 @ 04:38 PM Page 2 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.230124-SC ISSUING OFFICE: Title Officer: Team Zeke Chicago Title Company of Washington 701 5th Avenue, Suite 2700 Seattle, WA 98104 Main Phone: (206)628-5610 Email: TeamZeke@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $750.00 $76.88 Effective Date: January 13, 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: 1404 Grady 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: 01.19.23 @ 04:38 PM Page 3 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC THAT PORTION OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 24, TOWNSHIP 23 NORTH, RANGE 4 EAST, W.M., IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF BOND ISSUE ROAD NO. 10 (NOW SOUTH 153RD STREET), 727 FEET WESTERLY OF THE WEST BOUNDARY OF C.D. HILLMAN’S EARLINGTON GARDENS ADDITION TO THE CITY OF SEATTLE, DIVISION NO. 1, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 17 OF PLATS, PAGE 74, RECORDS OF KING COUNTY, WASHINGTON, AND RUNNING THENCE NORTHERLY AT RIGHT ANGLES TO SAID NORTH LINE OF ROAD TO THE NORTHERLY LINE OF THE STATE ROAD AND THE TRUE POINT OF BEGINNING OF THE TRACT HEREIN DESCRIBED; THENCE CONTINUING NORTHERLY AND AT RIGHT ANGLES TO SAID BOND ISSUE ROAD NO. 10 TO THE SOUTHERLY LINE OF THE RIGHT-OF-WAY OF THE PUGET SOUND ELECTRIC RAILWAY COMPANY; THENCE SOUTHWESTERLY ALONG SAID RIGHT-OF-WAY TO THE INTERSECTION WITH A LINE DRAWN NORTHERLY AT RIGHT ANGLES TO SAID NORTH LINE OF SAID BOND ISSUE ROAD NO. 10, FROM A POINT THEREON 854 FEET WESTERLY FROM THE WEST BOUNDARY OF SAID C.D. HILLMAN’S EARLINGTON GARDENS ADDITION TO THE CITY OF SEATTLE, DIVISION NO. 1; THENCE SOUTHERLY ALONG SAID LINE TO THE NORTHERLY LINE OF THE STATE ROAD; THENCE NORTHEASTERLY ALONG SAID NORTHERLY LINE TO THE TRUE POINT OF BEGINNING; (ALSO KNOWN AS THAT PORTION OF LOTS 5 AND 6 OF THE UNRECORDED PLAT OF SUNSET HOME GARDENS, LYING NORTHERLY OF THE STATE ROAD). CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.230124-SC SCHEDULE B Subdivision Guarantee/Certificate Printed: 01.19.23 @ 04:38 PM Page 4 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC GENERAL EXCEPTIONS H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. SPECIAL EXCEPTIONS 1.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed: In favor of: King County Recording Date: October 30, 1936 Recording No.: 2919487 2.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed: In favor of: King County Recording Date: October 30, 1936 Recording No.: 2919489 3.Declaration of Restrictive Covenant and the terms and conditions thereof: Recording Date: March 15, 1974 Recording No.: 7403150407 Regarding: Building setbacks, landscaping and off-street parking 4.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: 7709289013 5.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: 7805179007 6.Ordinance No. 3890 and the terms and conditions thereof: Executed by: City of Renton Recording Date: August 21, 1987 Recording No.: 8708210843 Regarding: Road improvements and costs related thereto CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.230124-SC SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 01.19.23 @ 04:38 PM Page 5 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC 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: 9111049014 8.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: 20220429900028 9.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 Unrecorded Sewer Capacity Charges are not a lien on title to the Land. 10.Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2023. 11.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: 2022 Tax Account No.: 242304-9061-08 Levy Code: 2100 Assessed Value-Land: $591,000.00 Assessed Value-Improvements: $85,100.00 General and Special Taxes: Billed: $7,606.62 Paid: $3,803.31 Unpaid: $3,803.31 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.230124-SC SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 01.19.23 @ 04:38 PM Page 6 WA-CT-FBCM-02150.622476-SPS-1-23-230124-SC 12.A deed of trust to secure an indebtedness in the amount shown below Amount: $1,087,500.00 Dated: February 25, 2022 Trustor/Grantor: 1404 Grady LLC, a Washington limited liability company Trustee: Chicago Title Beneficiary: JPMorgan Chase Bank, N.A. Recording Date: February 28, 2022 Recording No.: 20220228001381 13.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. END OF SCHEDULE B