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HomeMy WebLinkAboutL_MASTER_GUARANTEE-LINKED-titleLOOK_250721.pdfChicago Title Commitment for Title Insurance File No.: 0292119-ETU Title Officer: Eastside Title Unit Welcome to the new titleLOOK®! titleLOOK upgrades the traditional title report experience from a static report with large zip files of supporting documents to a real-time interactive title report. With titleLOOK, you'll enjoy: •an easy-to-use summary page of your report findings •color-coded requirements and exceptions so you can focus on what is important •hyperlinks directly into the documents referenced on your report •a transparent and convenient title report experience When you click on the above button/link to access your titleLOOK report, you will be taken to inHere, our platform designed to transform the experience of buying or selling real estate from the moment a transaction is started all the way through closing. inHere provides a safe and convenient method of delivering documents and information about your real estate transaction. SUBDIVISION Guarantee/Certificate Number: Issued By: 0292119-ETU Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 1 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES , and each successor in ownership of the indebtedness secured by the insured mortgage, except a successor who is an obligor under the provisions of Section 12 (c) of the Conditions 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: J.L. Jackson Authorized Officer or Agent Michael J. Nolan, President Attest: Marjorie Nemzura, Secretary Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 2 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-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 $10,500.00 $350.00 $35.70 Effective Date: May 6, 2025 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: 700 Grady, LLC, a Washington limited liability company, which acquired title as 700 Grady LLC 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: 05.15.25 @ 06:03 AM Page 3 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU For APN/Parcel ID(s):192305-9096 LOTS 2, 3 AND 4, CITY OF RENTON SHORT PLAT NO. LUA-93-046-SHPL, RECORDED UNDER RECORDING NO. 9309219015, SAID SHORT PLAT BEING A PORTION OF THE NORTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 19, TOWNSHIP 23 NORTH, RANGE 5 EAST, WILLAMETTE MERIDIAN, IN KING COUNTY, WASHINGTON. (ALSO KNOWN AS CITY OF RENTON LOT LINE ADJUSTMENT NO. LUA-03-074-LLA, RECORDED UNDER RECORDING NO. 20030930900010, IN KING COUNTY, WASHINGTON.) SITUATE IN THE COUNTY OF KING, STATE OF WASHINGTON. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 4 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 5 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU SPECIAL EXCEPTIONS 1.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 distribution Recording Date:December 31, 1984 Recording No.:8412311133 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:Puget Sound Power & Light Company, a Washington corporation Purpose:electric transmission and/ or distribution system Recording Date:December 31, 1984 Recording No.:8412311134 Affects:as described in said instrument 3.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 City of Renton Short Plat No. LUA-93-046-SHPL:: Recording No:9309219015 4.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:Atlantic Richfield Company, a Delaware corporation Purpose:ingress, egress, regress, access and utilities Recording Date:October 26, 1993 Recording No.:9310261739 Affects:portion of Lot 2 as described in document 5.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:City of Renton, a municipal corporation Purpose:constructing, reconstructing, installing, repairing and maintaining a public right of way Recording Date:September 6, 1996 Recording No.:9609061631 Affects:The South 38 feet of the West 20 feet of Lot 4 6.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:Washington Natural Gas Company, a Washington corporation Purpose:gas pipelines Recording Date:October 22, 1996 Recording No.:9610220234 Affects:portion of said premises and other premises CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 6 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-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 City of Renton Lot Line Adjustment No. LUA-03-074-LLA: Recording No:20030930900010 8.Any rights, interests, or claims which may exist or arise by reason of the following matters disclosed by survey, Prepared by.:Partner Engineering and Science, Inc. Recording No.:19-236890-18 Matters shown:Fences along Northerly and Southerly lines do not conform to boundary lines 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:2025 Tax Account No.:192305-9096 Levy Code:2100 Assessed Value-Land: $4,086,300.00 Assessed Value-Improvements:$431,200.00 General and Special Taxes: Billed:$46,604.85 Paid:$23,203.43 Unpaid:$23,203.42 10.City, county or local improvement district assessments, if any. 11.A deed of trust to secure an indebtedness in the amount shown below, Amount:$3,012,550.00 Dated:March 28, 2019 Trustor/Grantor:Renton Property Holding, LLC, a Washington limited liability company Trustee:Chicago Title Company of Washington Beneficiary:Hyundai Capital America, a California corporation Recording Date:March 28, 2019 Recording No.:20190328001222 An agreement to modify the terms and provisions of said deed of trust as therein provided Executed by:Renton Property Holding, LLC, a Washington limited liability company; and Hyundai Capital America, a California corporation Recording Date:September 27, 2019 Recording No.:20190927000854 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 7 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU 12.An unnrecorded lease with certain, terms, covenants, conditions and provisions set forth therein as disclosed by the document: Entitled:Subordination, Non-Disturbance and Attornment Agreement Lessor:Renton Property Holding, LLC, a Washington limited liability company Lesseee:509 TIME, Inc., a Washington corporation Recording Date:March 28, 2019 Recording No.:20190328001223 An agreement recorded March 28, 2019 at Recording No.: 20190328001223 which states that this instrument was subordinated to the document or interest described in the instrument Recording Date:March 18, 2019 Recording No.:20190328001222 13.Subordination, Nondisturbance and Attornment Agreement, and the terms and conditions thereof: Lender: Hyndai Capital America, a California corporation Tenant:509 TIME, Inc., a Washington corporation Landlord:Renton Property Holding, LLC, a Washington limited liability company Recording Date: March 28, 019 Recording No.: 20190328001223 14.A financing statement as follows: Debtor:Renton Property Holding, LLC Secured Party:Hyundai Capital America Recording Date:March 28, 2019 Recording No.:20190328001329 A change to the above financing statement was filed Nature of Change:change Recording Date:November 30, 2023 Recording No.:20231130000568 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 8 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU 15.Amended and Restated Cross-Default Cross-Collateralization Agreement and the terms and conditions thereof: Executed by:AMP Holding, Inc., a California corporation; Glendale K, Inc., a California corporation; Car Pros Automotive Group, Inc., a Washington corporation; Renton K, Inc., a Washington corporation; Renton H, Inc., a Washington corporation; SBCPV, Inc., a California corporation; Recreation Road, LLC, a Calfornia limited liability; KR Tacoma, LLC, a Washington limited liability company; RKMN Investments, LLC, a Washington limited liability company; Renton Property Holding, LLC, a Washington limited liability company; Camino Real Holding, LLC, a California limited liability company; MV Holding LLC, a California limited liability company; CPAG WA Inc., a Washington corporation; and Hyundai Capital America, a California corporation; Recording Date:March 29, 2019 Recording No.:20190329001781 Affects:includes other property An "Execution Version" of said agreement was recorded September 27, 2019 under recording no. 20190927000851. A "Seventh Amended and Restated Cross-Default and Cross-Collateralization Agreement" was recorded February 7, 2025 under Recording No.: 20250207000753. 16.A financing statement as follows: Debtor:700 Grady, LLC Secured Party:Hyundai Capital America Recording Date:October 27, 2022 Recording No.:20221027000315 17.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. 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: Lts 2-4, City of Renton Short Plat NO. LUA-93-046-SHPL, 9309219015; aka City of Renton Lot Line Adjustment No. LUA-03-074-LLA, 20030930900010 Tax Account No.: 192305-9096 Note: The Public Records indicate that the address of the improvement located on said Land is as follows: 700 S GRADY WAY Renton, WA 98055 END OF SCHEDULE B CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0292119-ETU SCHEDULE B Subdivision Guarantee/Certificate Printed: 05.15.25 @ 06:03 AM Page 9 WA-CT-FNSE-02150.622475-SPS-1-25-0292119-ETU This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.