HomeMy WebLinkAbout0101772-16 Hyperlinked CommitmentSUBDIVISION
Guarantee/Certificate Number:
Issued By:
0101772-16
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 1 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
LandShark Development
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
President
Attest:
Secretary
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 2 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
ISSUING OFFICE:
Title Officer: Seattle Builder / Unit 16
Chicago Title Company of Washington
701 5th Avenue, Suite 2700
Seattle, WA 98104
Phone: (206)628-5623
Main Phone: (206)628-5623
Email: CTISeattleBuilderUnit@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $35.35
Effective Date: June 19, 2017 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:
Langston 14, 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: 06.23.17 @ 09:30 AM
Page 3 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
Lot 8, together with the west half of the vacated alley adjoining on the east;
Lot 9;
Lot 10;
Lot 11;
Lot 12;
Lot 20;
All in Town and Country Club Bungalow Sites, according to the plat recorded in Volume 19 of Plats, page 21, record of
King County, Washington:
Lot 20, being together with an easement for ingress, egress and utilities over the north 10 feet of Lots 16 and 17 of said
plat.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 4 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 5 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
SPECIAL EXCEPTIONS
1.Covenant to bear part or all of the cost of construction, repair or maintenance of easement granted over adjacent
property:
Purpose of Easement: Ingress, egress and utilities
Recording No.: 8711060883
2.Reservations and recitals contained in the Deed as set forth below:
Grantor: Jones-Thompson Investment Company
Recording Date: July 15, 1921
Recording No.: 1535540
Affects: Lot 8 and other property
Said document provides for, among other things, the following:
Excepting and reserving all coal and minerals of every kind upon and under the land and the right to mine the
same in the usual and ordinary course of mining, and free ingress and egress to and from said premises for such
purpose.
3.Reservations and recitals contained in the Deed as set forth below:
Grantor: Jones-Thompson Investment Company
Recording Date: October 6, 1978
Recording No.: 7810060561
Affects: Lot 11
Said document provides for, among other things, the following:
Excepting and reserving all coal and minerals of every kind upon and under the land and the right to mine the
same in the usual and ordinary course of mining, and free ingress and egress to and from said premises for such
purpose.
4.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: 2016
Tax Account No.: 866350-0040-02
Levy Code: 2100
Assessed Value-Land: $77,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $1,028.82
Paid: $514.41
Unpaid: $514.41
Affects: Lot 8 and portion of vacated alley on the east
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 6 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
5.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: 2017
Tax Account No.: 866350-0040-02
Levy Code: 2100
Assessed Value-Land: $83,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $1,062.51
Paid: $0.00
Unpaid: $1,062.51
Affects: Lot 8 and portion of vacated alley on the east
6.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: 2016
Tax Account No.: 866350-0045-07
Levy Code: 2100
Assessed Value-Land: $72,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $962.72
Paid: $481.36
Unpaid: $481.36
Affects: Lot 9
7.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: 2017
Tax Account No.: 866350-0045-07
Levy Code: 2100
Assessed Value-Land: $78,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $999.16
Paid: $0.00
Unpaid: $999.16
Affects: Lot 9
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 7 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
8.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: 2017
Tax Account No.: 866350-0050-09
Levy Code: 2100
Assessed Value-Land: $78,000.00
Assessed Value-Improvements: $91,000.00
General and Special Taxes:
Billed: $2,313.67
Paid: $0.00
Unpaid: $2,313.67
Affects: Lot 10
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: 2017
Tax Account No.: 866350-0060-07
Levy Code: 2100
Assessed Value-Land: $90,000.00
Assessed Value-Improvements: $184,000.00
General and Special Taxes:
Billed: $3,855.00
Paid: $0.00
Unpaid: $3,855.00
Affects: The west half of Lot 11 and all of Lot 12
10.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: 2016
Tax Account No.: 866350-0090-01
Levy Code: 2100
Assessed Value-Land: $56,400.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $756.55
Paid: $378.29
Unpaid: $378.26
Affects: Lot 20 and the east half of Lot 11
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0101772-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 06.23.17 @ 09:30 AM
Page 8 WA-CT-FNSE-02150.622481-SPS-1-17-0101772-16
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: 2017
Tax Account No.: 866350-0090-01
Levy Code: 2100
Assessed Value-Land: $97,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $1,239.91
Paid: $0.00
Unpaid: $1,239.91
Affects: Lot 20 and the east half of Lot 11
12.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $596,700.00
Dated: March 1, 2016
Trustor/Grantor: Langston 14, LLC
Trustee: Cascade Trustee Services, Inc.
Beneficiary: Eastside Funding, LLC, a Washington limited liability company
Recording Date: March 11, 2016
Recording No.: 20160311001176
Affects: Portion of said premises and other property
13.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $530,400.00
Dated: April 25, 2016
Trustor/Grantor: Langston 14, LLC
Trustee: Cascade Trustee Services, Inc.
Beneficiary: Eastside Funding, LLC, a Washington limited liability company
Recording Date: April 27, 2016
Recording No.: 20160427001762
Affects: Portion of said premises and other property
END OF SCHEDULE B