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Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 43 Logan Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204783-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204783-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 43 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 01, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $800,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Ying Kiet Lei, a single person
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204783-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and u ses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204783-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
13. Water rights, claims or title to water, whether or not shown by the Public Records.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. This item has been intentionally deleted.
18. General Taxes for the year 2025.
Tax Account No.: 722930-0595-05
Amount Billed: $ 4,854.14
Amount Paid: $ 2,427.07
Amount Due: $ 2,427.07
Assessed Land Value: $ 209,100.00
Assessed Improvement Value: $ 239,800.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204783-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 20, Blk 5, Renton Real Estate Co's 1st Add., to Renton, Vol. 21, Pg. 50
APN: 722930-0595-05
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204783-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 20, Block 5, RENTON REAL ESTATE COMPANY'S FIRST ADDITION TO RENTON, according to the plat
thereof, recorded in Volume 21 of Plats, Page 50, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 51 Logan Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204796-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204796-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 51 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 07, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Luida R Foster, Subject to proceedings pending in the Bankruptcy Court of the Western District of the
U.S. District Court, Washington:
Entitled: In Re: Luida Rebecca Foster Debtor, Case No. 25-10514-CMA
Order to be entered in the U.S. Bankruptcy Court for the District of Western, Case No. 25 -10514-CMA
(or related ancillary proceeding), in re: Luida Rebecca Foster, authorizing the transaction
contemplated herein. The Transaction cannot occur before the elapse of the applicable time for
objection. There must be compliance with all requirements and mandates of the U.S. Bankruptcy
Court pursuant to order of court or applicable rule. This Company must be provided with any and all
motions, orders, petitions and schedules which relate to the transaction contemplated herein
including, but not limited to, reorganization plan and any amendments thereto. Upon receipt and
review of bankruptcy proceedings, additional requirements and/or exceptions may be added,
modified or deleted in accordance therewith.
and Eddie D Foster, both unmarried individuals
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204796-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records .
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204796-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Renton Real Estate Co’s. 1st Addition to Renton recorded as
Volume 21 of Plats, Page(s) 50, in King County, Washington.
13. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Luida R. Foster and Eddie D, Foster, mother and son
Grantee/Beneficiary: Harry M. Eng
Trustee: Chicago Title Insurance Company, a corporation
Amount: $250,000.00
Recorded: April 30, 2018
Recording Information: 20180430000623
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
A document recorded July 26, 2024 as Recording No. 20240726000844 of Official Records provides
that Rainier Trustee Services Inc., a Washington corporation was substituted as trustee under the
deed of trust.
A notice of trustee's sale recorded October 21, 2024 as Recording No. 20241021001342 of Official
Records.
14. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
15. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
16. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
17. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
18. General Taxes for the year 2025.
Tax Account No.: 722930-0635-07
Amount Billed: $ 1,927.29
Amount Paid: $ 0.00
Amount Due: $ 1,927.29
Assessed Land Value: $ 190,400.00
Assessed Improvement Value: $ 0.00
19. Proceedings pending in the Bankruptcy Court of the Western District of the U.S. District Court,
Washington , entitled in re: Luida Rebecca Foster, debtor, Case No. 25-10514-CMA, wherein a
petition for relief was filed on February 27, 2025.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204796-WA1
INFORMATION NOTES
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 2, Blk 7, Plat of Renton Real Estate Co's. 1st Add. to Renton, Vol. 21, Pg. 50
APN: 722930-0635-07
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204796-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 2, Block 7, PLAT OF RENTON REAL ESTATE CO'S. 1ST ADDITION TO RENTON, according to the plat
thereof recorded in Volume 21 of Plats, Page 50, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy desc ribed in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six mont hs after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 54 Shattuck Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204805-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204805-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 54 Shattuck Avenue South, Renton,
WA 98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: November 06, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Paul M. Nickels, an unmarried person
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204805-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records .
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204805-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. This item has been intentionally deleted.
13. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. This item has been intentionally deleted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204805-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
A. General taxes for the year 2024 which have been paid.
Tax Account No. 000720-0167-08
Amount: $5,587.03
Assessed Land Value: $181,000.00
Assessed Improvement Value: $336,000.00
B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
C. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
D. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn of H.H. Tobin Donation Claim No. 37
APN: 000720-0167-08
E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204805-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THE NORTH 66.00 FEET OF THE FOLLOWING DESCRIBED TRACT:
A TRACT OF LAND H.H. TOBIN DONATION CLAIM NO. 37 DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT 140.40 FEET WEST AND 335 FEET NORTH OF THE SOUTHEAST CORNER OF A
2 ACRE TRACT OF LAND CONVEYED TO D.C. MITCHELL ON APRIL 26, 1900, BY CHAS BRUHN,
ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 254 OF DEEDS 140, RECORDS OF KING
COUNTY, WASHINGTON;
THENCE NORTH 200 FEET;
THENCE EAST 100 FEET;
THENCE SOUTH 200 FEET;
THENCE WEST 100 FEET TO THE POINT OF BEGINNING.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INV OLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment C ondition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amoun t
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 55 Logan Ave S
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204809-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204809-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 55 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: November 21, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $630,085.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Pursuit Property Enterprises, LLC, a Washington Limited Liability Company
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204809-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204809-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the plat of Renton Real Estate Co's. 1st Addition to Renton recorded
February 16, 1914 as in Volume 21 of plats, Page 50, in King County, Washington.
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded October 22, 1985 under Recording No. 8510229002 of surveys,
in King County, Washington.
14. The terms and provisions contained in the document entitled "Declaration of Restrictive Covenant"
recorded August 19, 1988 as Recording No. 8808190387 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
15. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded November 24, 2014 under Recording No. 20141124900002 of surveys,
in King County, Washington.
16. The terms and provisions contained in the document entitled "Declaration of Covenant for
Maintenance and Inspection of Flow Control BMPS" recorded April 29, 2015 as Recording No.
20150429000009 of Official Records.
17. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Pursuit Property Enterprises, LLC, a Washington Limited Liability
Company
Grantee/Beneficiary: Jerre Bradt, a single man
Trustee: Chicago Title Company, a Corporation
Amount: $320,000.00
Recorded: January 14, 2020
Recording Information: 20200114001876
18. Evidence of the authority of the individual(s) to execute the forthcoming document for Pursuit
Property Enterprises, LLC, a Washington Limited Liability Company, copies of the current operating
agreement should be submitted prior to closing.
19. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
20. Water rights, claims or title to water, whether or not shown by the Public Records.
21. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
22. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
23. This item has been intentionally deleted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204809-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
A. General taxes for the year 2024 which have been paid.
Tax Account No. 722930-0630-02
Amount: $4,116.73
Assessed Land Value: $176,000.00
Assessed Improvement Value: $202,000.00
B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
C. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
D. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 1, Blk 7, Renton Real Estate Co's. 1st Add. To Renton, Vol. 21, P. 50 tgw Ptn Sec 18 Twp 23N
Rge 5E, SE Qtr NE Qtr
APN: 722930-0630-02
E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204809-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 1, BLOCK 7, RENTON REAL ESTATE CO'S. 1ST ADDITION TO RENTON, ACCORDING TO THE PLAT
THEREOF RECORDED IN VOLUME 21 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON;
TOGETHER WITH A STRIP OF LAND DESCRIBED AS FOLLOWS;
BEGINNING AT THE NORTHWEST CORNER OF LOT 1, BLOCK 7, PLAT OF RENTON REAL ESTATE CO'S.
1ST ADDITION TO RENTON, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 21 OF PLATS,
PAGE 50, IN KING COUNTY, WASHINGTON;
THENCE SOUTH 01°40’47” WEST A DISTANCE OF 50 FEET TO THE SOUTHWEST CORNER OF SAID LOT
1;
THENCE NORTH 87°30’28” WEST A DISTANCE OF 2.26 FEET;
THENCE NORTH 0°56’27" EAST A DISTANCE OF 50.01 FEET;
THENCE SOUTH 87°30’28” EAST A DISTANCE OF 2.90 FEET TO THE POINT OF BEGINNING, PURSUANT
TO KING COUNTY CAUSE NO. 16-2-11047-9KNT, RECORDED UNDER RECORDING NO. 20160719001433.
SITUATE IN THE COUNTY OF KING, STATE OF WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 58 Shattuck Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204813-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204813-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 58 Shattuck Avenue South, Renton,
WA 98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: December 30, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $775,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Zhewen Chen, an unmarried person
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204813-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204813-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discr iminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Zhewen Chen, as a separate estate
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Lo Inc.,
Dba Reliance Mortgage Inc.
Trustee: Fidelity National Title
Amount: $388,000.00
Recorded: October 27, 2020
Recording Information: 20201027001412
13. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
14. Water rights, claims or title to water, whether or not shown by the Public Records.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. This item has been intentionally deleted.
18. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
19. General Taxes for the year 2025, in an amount not yet available, which cannot be paid until February
15, 2025. Tax Account No.: 000720-0171-02
Note: Taxes and charges for 2024 were paid in full in the amount of $6,133.24.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204813-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn H.H. Tobin Donation Claim No. 37, Sec 18 Twp 23N Rge 5E, SE Qtr NE Qtr
APN: 000720-0171-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington Stat e
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204813-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
The South 66.66 feet of the North 132.66 feet of the following described tract:
A tract of land in H.H. TOBIN DONATION CLAIM NO. 37, described as follows:
Beginning at a point 140.40 feet West and 335 feet North of the Southeast corner of a 2 acre tract of
land conveyed to D.C. Mitchell on April 26, 1900, by Chas. Bruhn, according to the plat thereof recorded
in volume 254 of deeds, Page 140, in King County, Washington;
Thence North 200 feet;
Thence East 100 feet;
Thence South 200 feet;
Tthence West 100 feet to the Point of Beginning.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy desc ribed in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 59 Logan Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204820-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204820-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 59 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: September 06, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $610,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured:
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Leon O. Cohen, an unmarried man
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204820-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and u ses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204820-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of the Town of Renton recorded as Volume 1 of Plats, Page(s)
135, in King County, Washington.
13. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Leon O Cohen, an unmarried man
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Umpqua
Bank, a State Chartered Bank, organized and existing under the laws of
of Oregon
Trustee: First American Title
Amount: $350,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Recorded: July 29, 2022
Recording Information: 20220729000313
Document states that it is for Cross-Default/Cross-Collateralization.
14. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
15. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
18. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
19. General Taxes for the year 2024.
Tax Account No.: 000720-0043-08
Amount Billed: $ 4,395.57
Amount Paid: $ 2,197.79
Amount Due: $ 2,197.78
Assessed Land Value: $ 176,000.00
Assessed Improvement Value: $ 228,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204820-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn. Blk 25, The Town of Renton, Vol. 1, P. 135
APN: 000720-0043-08
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204820-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
BEGINNING AT A POINT 670 FEET EAST AND 435 FEET NORTH OF THE SOUTHEAST CORNER OF A TWO
(2) ACRE TRACT OF LAND SOLD TO D. C. MITCHELL BY CHAS. BRUHN ON APRIL 26, 1900, SAID
CORNER BEING 1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER
OF BLOCK 25, OF THE TOWN OF RENTON, ACCORDING TO THE PLAT, THEREOF RECORDED IN VOLUME
1 OF PLATS, PAGE 135, RECORDS OF KING COUNTY, WASHINGTON;
THENCE RUNNING NORTH 50 FEET;
THENCE WEST 107 FEET;
THENCE SOUTH 50 FEET;
THENCE EAST 107 FEET TO THE POINT OF BEGINNING, BEING A PORTION OF H.H. TOBIN DONATION
LAND CLAIM NO. 37.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 75 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1187985-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1187985-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 75 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 11, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
81 Logan S, LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1187985-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1187985-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Evidence of the authority of the individual(s) to execute the forthcoming document for 81 Logan S,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
13. This item has been intentionally deleted.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. General Taxes for the year 2025.
Tax Account No.: 000720-0017-00
Amount Billed: $ 4,808.90
Amount Paid: $ 0.00
Amount Due: $ 4,808.90
Assessed Land Value: $ 342,000.00
Assessed Improvement Value: $ 123,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1187985-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn Henry H. Tobin Donation Claim, Sec 18 Twp 23N Rge 05E
APN: 000720-0017-00
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1187985-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THAT PORTION OF THE HENRY H. TOBIN DONATION CLAIM OF SECTION 18 TOWNSHIP 23 NORTH,
RANGE 5 FAST, WILLAMETTE MERIDIAN, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING 669.8 FEET EAST AND 175 FEET NORTH OF THE SOUTHEAST CORNER OF THE TWO ACRE
TRACT CONVEYED TO D.C. MITCHELL BY CHS. BRUHN ON APRIL 25, 1900, SAID CORNER BEING
1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER OF BLOCK 25 OF THE
TOWN OF RENTON, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 1 OF PLATS, PAGE
135, IN KING COUNTY, WASHINGTON;
THENCE NORTH 50 FEET:
THENCE WEST 110 FEET;
THENCE SOUTH 50 FEET:
THENCE EAST 110 FEET TO POINT OF BEGINNING.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that lan d
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 14
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 81 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1187980-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1187980-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 81 Logan Ave So; 75 Logan Ave So;,
509 Logan Ave So; 513 Logan Ave So, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 01, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $4,000,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 14
4. The Title is, at the Commitment Date, vested in:
81 Logan S, LLC, a Washington limited liability company
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 14
Commitment No. NCS-1187980-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 14
Commitment No. NCS-1187980-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 14
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2025.
Tax Account No.: 000720-0016-01
Amount Billed: $ 5,183.86
Amount Paid: $ 0.00
Amount Due: $ 5,183.86
Assessed Land Value: $ 502,000.00
Assessed Improvement Value: $ 1,000.00
(Affects Parcel A)
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Evidence of the authority of the individual(s) to execute the forthcoming document for 81 Logan S,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 14
13. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. General Taxes for the year 2025.
Tax Account No.: 000720-0017-00
Amount Billed: $ 4,808.90
Amount Paid: $ 0.00
Amount Due: $ 4,808.90
Assessed Land Value: $ 342,000.00
Assessed Improvement Value: $ 123,000.00
(Affects Parcel B)
18. General Taxes for the year 2025.
Tax Account No.: 000720-0127-07
Amount Billed: $ 5,119.84
Amount Paid: $ 0.00
Amount Due: $ 5,119.84
Assessed Land Value: $ 435,000.00
Assessed Improvement Value: $ 62,000.00
(Affects Parcel C)
19. General Taxes for the year 2025.
Tax Account No.: 000720-0128-06
Amount Billed: $ 7,110.58
Amount Paid: $ 0.00
Amount Due: $ 7,110.58
Assessed Land Value: $ 342,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 14
Assessed Improvement Value: $ 350,000.00
(Affects Parcel D)
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 14
File Number: NCS-1187980-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the
existence of any unrecorded lien or other indebtedness which could give rise to any security interest
in the subject property.
(Affects All Parcels)
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn Henry T. Tobin Donation Land Claim, Ptn Henry H. Tobin Donation Claim & Ptn H.H. Tobin's
Donation Land Claim all in Ptn Sec 18 Twp 23N Rge 5E
APN: 000720-0016-01
APN: 000720-0017-00
APN: 000720-0127-07
APN: 000720-0128-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 14
Commitment No. NCS-1187980-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Parcel A:
That portion of HENRY T. TOBIN DONATION LAND CLAIM, in King County, Washington, described as
follows:
Beginning at a point 1,077.12 feet West and 1,136.52 feet North of the Southwest corner of Block 25 in
the Plat of the TOWN OF RENTON, as said point being the Southeast corner of a 2 acre tract of land to
D.C. Mitchell by Charles Bruhn dated April 26, 1900 and recorded in Volume 254 of deeds, on Page 140,
recorded of King County, Washington;
Thence East 670 feet;
Thence North 75 feet to the true point of beginning;
Thence North 100 feet;
Thence West 110 feet;
Thence South 100 feet;
Thence East 110 feet to the true point of beginning.
Parcel B:
That portion of the HENRY H. TOBIN DONATION claim of Section 18 Township 23 North, Range 5 East,
Willamette Meridian, in King County, Washington, described as follows:
Beginning 669.8 feet East and 175 feet North of the Southeast corner of the two acre tract conveyed to
D.C. MITCHELL by Chs. Bruhn on April 25, 1900, said corner being 1077.12 feet West and 1136.52 feet
North of the Southwest corner of Block 25 of the town of Renton, according to the plat thereof, recorded
in Volume 1 of Plats, Page 135, in King County, Washington;
Thence North 50 feet;
Thence West 110 feet;
Thence South 50 feet;
Thence East 110 feet to Point of Beginning.
Parcel C:
That portion of the HENRY H. TOBIN DONATION claim of Section 18, Township 23 North, Range 5 East,
Willamette Meridian, in King County, Washington;
The East 64 feet of a tract of land description as follows:
Beginning 414.6 feet East of the Southeast corner of the two acre tract conveyed to D. C. Mitchell by
Chs. Bruhn on April 26, 1900, said corner being 1,077.12 feet West and 1,136.52 feet North of the
Southwest corner of Block 25 of the Town of Renton, according to the plat thereof, recorded in Volume 1
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 14
of Plats, Page 135, in King County, Washington;
Thence North 300 feet;
Thence East 145.20 feet;
Thence South 300 feet;
Thence West 145.20 feet to Point of Beginning;
Except the North 25 feet thereof for street purposes and except the South 155 feet thereof.
Parcel D:
That portion of H.H. TOBIN'S DONATION LAND CLAIM in Section 18, Township 23 North, Range 5 East,
W.M., in King County, Washington, described as follows:
Commencing 670 feet east and 225 feet north of the southeast corner of two-acre tract conveyed to
David C. Mitchell by Chas. Bruhn on April 26, 1900 by deed recorded in Volume 254 of deeds, on Page
140, in King County;
Thence North 50 feet parallel to the west line of two-acre tract conveyed to J.C. Calvin by deed recorded
in Volume 33 of deeds on Page 684, in King County;
Thence West at right angle to first line 110 feet;
Thence South 50 feet and parallel to first named line;
Thence East 110 feet to the place of beginning.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 14
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 14
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 14
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 14 of 14
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 97 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188023-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188023-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 97 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: August 09, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $610,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Ryan Wate and Katlyn I. Packard, a married couple
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1188023-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be ins ured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1188023-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared t o the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2024.
Tax Account No.: 569600-0190-08
Amount Billed: $ 4,619.15
Amount Paid: $ 2,309.58
Amount Due: $ 2,309.57
Assessed Land Value: $ 187,000.00
Assessed Improvement Value: $ 240,000.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton recorded as Volume 9 of Plats,
Page 50, in King County, Washington.
(Affects All Lots)
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded February 03, 1987 as Recording No. 8702039007 of surveys,
in King County, Washington.
(Affects All Lots)
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Jackie Knippel and John Knippel, wife and husband
Grantee/Beneficiary: Shelter Mortgage Company, LLC organized and existing under
the laws of Washington
Trustee: Pacific Northwest Title Company
Amount: $171,500.00
Recorded: April 02, 2003
Recording Information: 20030402001635
(Affects All Lots)
According to the public records, the beneficial interest under the deed of trust was assigned to
Countrywide Home Loans, Inc., a New York corporation by assignment recorded July 28, 2003 as
Recording No. 20030728003346 of Official Records.
15. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Ryan Wate and Katlyn I. Packard, a married couple
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for
Hometown Lenders, Inc., a Alabama corporation
Trustee: Old Republic Title, Ltd.
Amount: $536,750.00
Recorded: August 17, 2022
Recording Information: 20220817000688
(Affects All Lots)
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
18. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1188023-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lots 11-12, Blk 3, Motor Line Add to Renton, WA., Vol. 9, Pg. 50
APN: 569600-0190-08
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1188023-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOTS 11 AND 12, BLOCK 3, MOTOR LINE ADDITION TO RENTON, WASHINGTON, ACCORDING TO THE
PLAT THEREOF RECORDED IN VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY,
WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVI NG RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 103 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188022-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188022-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 103 and 107 Logan Avenue South,
Renton, WA 98057
Escrow Assistant Name: Katie Mccune
Revision Number: 06 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: June 16, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $1,087,500.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Swetha Kovuri and Naga Venkata Surya Kumar Korukonda, a married couple, as an 80% undivided
interest and Raja Naresh Chanda and Swapna Amradi, a married couple, as an undivided 20%
interest, as tenants in common
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1188022-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1188022-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms an d conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor line Addition to Renton, Washington recorded as Volume
9 of Plats, Page 50, in King County, Washington.
(Affects All Parcels)
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded February 03, 1987 as Recording No. 8702039007 of surveys,
in King County, Washington.
(Affects All Parcels)
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
14. This item has been intentionally deleted.
15. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
16. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. General Taxes for the year 2025.
Tax Account No.: 569600-0185-05
Amount Billed: $ 5,555.74
Amount Paid: $ 2,777.87
Amount Due: $ 2,777.87
Assessed Land Value: $ 316,000.00
Assessed Improvement Value: $ 223,000.00
(Affects Parcel 1)
21. Pendency of action in King County Circuit Court/Superior Court.
Plaintiff: Renton School District No. 403
Defendant: Swetha Kovuri and Naga Venkata Surya Kumar Korukonda, a
married couple, as an 80% undivided interest and Raja Naresh
Chanda and Swapna Amradi, a married couple, as an undivided
20% interest, as tenants in common
Case No.: 25-2-12943-8 SEA
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
Recorded/Filed: May 01, 2025 under Recording No. 20250501000010
Action For: eminent domain
Attorney for Plaintiff: Zachary E. Davison, Mason Ji, and R. Gerard Lutz
(Affects All Parcels)
22. General Taxes for the year 2025.
Tax Account No.: 569600-0180-00
Amount Billed: $ 2,153.14
Amount Paid: $ 1,076.57
Amount Due: $ 1,076.57
Assessed Land Value: $ 213,000.00
Assessed Improvement Value: $ 0.00
(Affects Parcel 2)
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1188022-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the
existence of any unrecorded lien or other indebtedness which could give rise to any security interest
in the subject property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lots 9 and 10, Blk 3, Motor Line Add. to Renton, Wash., Vol. 9 Pg. 50
APN: 569600-0185-05
APN: 569600-0180-00
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1188022-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Parcel 1:
Lot(s) 10, Block 3, MOTOR LINE ADDITION TO RENTON, WASH., according to the plat thereof recorded
in Volume 9 of Plats, Page(s) 50, records of King County, Washington.
Parcel 2:
Lot 9 in Block 3 of MOTOR LINE ADDITION TO RENTON, WASH., according to the plat thereof recorded
in Volume 9 of Plats, Page(s) 50, records of King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, est ate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 109 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188016-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188016-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 109 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: October 09, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $575,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Amrik S. Kamoh and Bhupinder K. Kamoh, husband and wife
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1188016-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1188016-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2024.
Tax Account No.: 569600-0170-02
Amount Billed: $ 4,392.35
Amount Paid: $ 2,196.18
Amount Due: $ 2,196.17
Assessed Land Value: $ 176,000.00
Assessed Improvement Value: $ 230,000.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton, Washington recorded as Volume
9 of Plats, Page 50, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded February 03, 1987 as Recording No. 8702039007 of surveys,
in King County, Washington.
14. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 25, 2010 as Recording No. 20100625900002 of surveys,
in King County, Washington.
15. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Amrik S. Kamoh and Bhupinder K. Kamoh, husband and wife
Grantee/Beneficiary: JPMorgan Chase Bank, N.A., a national banking association
Trustee: Old Republic Title, Ltd
Amount: $150,000.00
Recorded: January 13, 2012
Recording Information: 20120113001576
Document states that it is for Cross-Default/Cross-Collateralization.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1188016-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 8, Blk 3, Motor Line Add to Renton, WA., Vol. 9, Pg. 50
APN: 569600-0170-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1188016-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 8 IN BLOCK 3 OF MOTOR LINE ADDITION TO RENTON, WASHINGTON, AS PER PLAT RECORDED IN
VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REP RESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACO NTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment . This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whos e exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / Logan Avenue
South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188015-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188015-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 01 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: June 07, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Mandeep Singh, an unmarried man
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1188015-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and u ses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1188015-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2024.
Tax Account No.: 569600-0169-05
Amount Billed: $ 2,329.69
Amount Paid: $ 1,164.85
Amount Due: $ 1,164.84
Assessed Land Value: $ 220,000.00
Assessed Improvement Value: $ 0.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton recorded as Volume 9 of Plats,
Page 50, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 25, 2010 under Recording No. 20100625900002 of surveys,
in King County, Washington.
14. This item has been intentionally deleted.
15. Any defects, liens, encumbrances or other matters which name parties with the same or similar
names as Mandeep Singh. The name search necessary to ascertain the existence of such matters
has not been completed. In order to complete this preliminary report or commitment, we will require
a statement of information.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. Water rights, claims or title to water, whether or not shown by the Public Records.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1188015-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 7, Blk 3, Motor Line Add., to Renton, Vol. 9, Pg. 50
APN: 569600-0169-05
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1188015-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 7 IN BLOCK 3 OF MOTOR LINE ADDITION TO RENTON, ACCORDING TO THE PLAT THEREOF
RECORDED IN VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REP RESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACO NTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment . This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whos e exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 117 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188013-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188013-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 117 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Matthew Chakoian
Title Officer Number: (206)448-6283
Title Officer Email: mchakoian@firstam.com
SCHEDULE A
1. Commitment Date: August 01, 2023 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Logan Avenue Ventures LLC, A Washington Limited Liability Company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1188013-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1188013-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2023.
Tax Account No.: 569600-0165-09
Amount Billed: $ 4,208.25
Amount Paid: $ 2,104.13
Amount Due: $ 2,104.12
Assessed Land Value: $ 186,000.00
Assessed Improvement Value: $ 249,000.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton recorded as Volume 9 of Plats,
Page 50, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 25, 2010 as Recording No. 20100625900002 of surveys,
in King County, Washington.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Logan Avenue Ventures LLC, A Washington Limited Liability
Company
Grantee/Beneficiary: Mary Lou Sigette
Trustee: First American Title Company, a Corporation
Amount: $240,000.00
Recorded: December 6, 2022
Recording Information: 20221206000454
15. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
16. Evidence of the authority of the individual(s) to execute the forthcoming document for Logan Avenue
Ventures LLC, A Washington Limited Liability Company, copies of the current operating agreement
should be submitted prior to closing.
17. Water rights, claims or title to water, whether or not shown by the Public Records.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1188013-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 6, Blk 3, Motor Line Add., to Renton, Vol. 9, Pg. 50
APN: 569600-0165-09
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1188013-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 6, BLOCK 3, MOTOR LINE ADDITION TO RENTON, ACCORDING TO THE PLAT THEREOF RECORDED
IN VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVI NG RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 121 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188011-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188011-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 121 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 16, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $957,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Veronika Kalmar, an unmarried woman
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1188011-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be ins ured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1188011-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining pr ovisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared t o the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2025.
Tax Account No.: 569600-0160-04
Amount Billed: $ 6,592.56
Amount Paid: $ 0.00
Amount Due: $ 6,592.56
Assessed Land Value: $ 324,000.00
Assessed Improvement Value: $ 315,000.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton recorded as Volume 9 of Plats,
Page 50, in King County, Washington.
13. Deed of Trust and the terms and conditions thereof.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
Grantor/Trustor: Veronika Kalmar, an unmarried woman
Grantee/Beneficiary: Washington Federal Bank, National Association, a corporation
organized and existing under the laws of the USA
Trustee: Washington Services Inc.
Amount: $520,000.00
Recorded: December 23, 2019
Recording Information: 20191223001754
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Veronika Kalmar, an unmarried woman
Grantee/Beneficiary: Boeing Employees' Credit Union, a credit union
Trustee: Trustee Services, Inc.
Amount: $118,000.00
Recorded: May 5, 2023
Recording Information: 20230505000826
The above deed of trust states that it secures a line of credit. Before the close of escrow, we require
evidence satisfactory to us that (a) all checks, credit cards or other means of drawing upon the line
of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit
since the last transaction reflected in the lender's payoff demand, and (c) the borrower has in writing
instructed the beneficiary to terminate the line of credit using such forms and following such
procedures as may be required by the beneficiary.
15. This item has been intentionally deleted.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed an d found to
be complete.
18. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1188011-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 5, Blk 3, Motor Line Add. to Renton, WA, Vol. 9, Pg. 50
APN: 569600-0160-04
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1188011-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 5, BLOCK 3, MOTOR LINE ADDITION TO RENTON, WASHINGTON, ACCORDING TO THE PLAT
THEREOF RECORDED IN VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both t he specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company ’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed In sured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 127 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188009-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188009-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 127 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 01, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $880,000.00 $0.00 $To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Nicholas Finamore Jr and Meng Lian Lei, both unmarried individuals
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1188009-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1188009-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Motor Line Addition to Renton, Washington recorded as Volume
9 of Plats, Page 50, in King County, Washington.
13. This item has been intentionally deleted.
14. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
15. This item has been intentionally deleted.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
18. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
19. General Taxes for the year 2025.
Tax Account No.: 569600-0155-01
Amount Billed: $ 5,716.31
Amount Paid: $ 0.00
Amount Due: $ 5,716.31
Assessed Land Value: $ 324,000.00
Assessed Improvement Value: $ 229,000.00
20. Warrant in favor of the State of Washington.
Against: Nicholas Finamore
Amount: $58,537.91, plus interest
Filed: February 12, 2025
Judgment/Warrant No.: 252042090
Case/Cause No.: 25-2-04209-0
Department: Labor and Industries
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1188009-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. We don't find any voluntary liens of record affecting subject property. Inquire as to the existence of
any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
2. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
3. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
4. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 4, Blk 3, Motor Line Add. to Renton, WA, Vol. 9, Pg. 50
APN: 569600-0155-01
5. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1188009-WA1
EXHIBIT A
The Land referred to herein below is situated in the Cou nty of King, State of Washington, and is
described as follows:
Lot 4, Block 3, MOTOR LINE ADDITION TO RENTON, Washington, according to the plat thereof recorded
in Volume 9 of Plats, Page 50, records of King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVI NG RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 129 Logan
Avenue South
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1188003-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1188003-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 129 Logan Avenue South, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 05 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: May 20, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $675,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Thanh M. Nguyen and Melissa J. Lu, husband and wife
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1188003-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1188003-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. This item has been intentionally deleted.
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded April 02, 2020 under Recording No. 20200402900007 of surveys,
in King County, Washington.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Thanh M. Nguyen and Melissa J. Nguyen, also appearing of
record as Melissa J. Lu, husband and wife
Grantee/Beneficiary: Columbia State Bank
Trustee: First American Title Insurance Company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Amount: $300,000.00
Recorded: October 05, 2021
Recording Information: 20211005001932
The above deed of trust states that it secures a line of credit. Before the close of escrow, we require
evidence satisfactory to us that (a) all checks, credit cards or other means of drawing upon the line
of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit
since the last transaction reflected in the lender's payoff demand, and (c) the borrower has in writing
instructed the beneficiary to terminate the line of credit using such forms and following such
procedures as may be required by the beneficiary.
15. Any defects, liens, encumbrances or other matters which name parties with the same or similar
names as Thanh M. Nguyen. The name search necessary to ascertain the existence of such matters
has not been completed. In order to complete this preliminary report or commitment, we will require
a statement of information.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of t he
current vesting deed.
17. This item has been intentionally deleted.
18. This item has been intentionally deleted.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
21. Delinquent General Taxes for the year 2024, plus interest and penalties.
Tax Account No.: 569600-0150-06
Amount Billed: $ 4,464.10
Amount Paid: $ 0.00
Amount Due: $ 4,464.10
Assessed Land Value: $ 176,000.00
Assessed Improvement Value: $ 235,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1188003-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 3, Blk 3, Motor Line Add. to Renton, Vol. 9, Pg. 50
APN: 569600-0150-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1188003-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 3, BLOCK 3, MOTOR LINE ADDITION TO RENTON, ACCORDING TO THE PLAT THEREOF RECORDED
IN VOLUME 9 OF PLATS, PAGE 50, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 300 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204735-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204735-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 300 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: X_kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: August 13, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $825,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Haregu Desta Amaha and Temesgen Negash Haile wife and husband and Segen Temesgen Haile, an
unmarried woman as their interests appear of record
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204735-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204735-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Haregu Desta Amaha and Temesgen Negash Haile, wife and husband
and Segen Temesgen Haile, an unmarried woman
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Fairway
Independent Mortgage Corporation, a Texas corporation
Trustee: Fidelity National Title Company
Amount: $352,500.00
Recorded: August 28, 2020
Recording Information: 20200828002310
Document states that it is for Cross-Default/Cross-Collateralization.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
13. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. General Taxes for the year 2025.
Tax Account No.: 000720-0034-09
Amount Billed: $ 6,129.74
Amount Paid: $ 3,064.87
Amount Due: $ 3,064.87
Assessed Land Value: $ 326,000.00
Assessed Improvement Value: $ 270,000.00
18. Pendency of action in King County Circuit Court/Superior Court.
Plaintiff: Renton School District No. 403
Defendant: Haregu Desta Amaha and Temesgen Negash Haile wife and
husband, and Segen Temesgen Haile, an unmarried woman as
their interests appear of record
Case No.: 25-2-12943-8 SEA
Recorded/Filed: May 01, 2025 under Recording No. 20250501000015
Action For: eminent domain
Attorney for Plaintiff: Zachary E. Davison, Mason Ji and R. Gerard Lutz
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204735-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn H.H. Tobin Donation Claim No. 37
APN: 000720-0034-09
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204735-WA1
EXHIBIT A
The Land referred to herein below is situated in th e County of King, State of Washington, and is
described as follows:
The South 67.34 feet of the following described tract:
A tract of land in H.H. TOBIN DONATION CLAIM NUMBER 37, in King County, Washington, as described
as follows:
Beginning at a point 140.40 feet West and 335 feet North of the Southeast corner of a two acre tract of
land conveyed to D.C. Mitchell on April 26, 1900, by chas. Bruhn, by deed recorded in Volume 254, Page
140;
thence North 200 feet;
thence East 100 feet;
thence South 200 feet;
thence West 100 feet to the beginning.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that la nd
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 301 Airport Way
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204743-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204743-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 301 Airport Way, Renton, WA 98057 Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 10, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Last Flash, LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204743-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and u ses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204743-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Renton Real Estate Co.'s 1st Addition to Renton recorded as
Volume 21 of Plats, Page 50, in King County, Washington.
13. Right to make necessary slopes for cuts or fills upon said premises for Road as granted by deed
recorded October 09, 1992 under recording no. 9210091432.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Last Flash, LLC, a Washington limited liability company
Grantee/Beneficiary: SDS Partnership, Kelly Renton Investments, LLC & GFS Real
Estate Investments, LLC
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Trustee: Chicago Title of Washington
Amount: $1,975,000.00
Recorded: November 07, 2023
Recording Information: 20231107000279
Affects: The land and other property.
15. Evidence of the authority of the individual(s) to execute the forthcoming document for Last Flash,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. Water rights, claims or title to water, whether or not shown by the Public Records.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. General Taxes for the year 2025.
Tax Account No.: 722930-0490-01
Amount Billed: $ 27,487.32
Amount Paid: $ 0.00
Amount Due: $ 27,487.32
Assessed Land Value: $ 810,000.00
Assessed Improvement Value: $ 1,551,600.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204743-WA1
INFORMATION NOTES
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lots 1-4 & Ptn Lot 5, Blk 5, Renton Real Estate Co's 1st Add., to Renton, Vol. 21, Pg. 50
APN: 722930-0490-01
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204743-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOTS 1, 2, 3, 4 AND WEST HALF OF LOT 5, BLOCK 5, RENTON REAL ESTATE CO'S 1ST ADDITION TO
RENTON, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 21 OF PLATS, PAGE 50,
RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 311 South Tillicum Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204747-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204747-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 311 South Tillicum Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 22, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $905,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee simple as to Parcel A, an Easement as to Parcel B
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Quang Nguyen, an unmarried person
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204747-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204747-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. The terms and provisions contained in the document entitled "Common Boundary Line Agreement"
recorded February 16, 1996 as Recording No. 9602160139 of Official Records.
13. Covenants, conditions, restrictions and/or easements:
Recorded: February 16, 1996
Recording No.: 9602160140
14. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded February 16, 1996 under Recording No. 9602169001 of surveys,
in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
15. Covenants, conditions, restrictions and/or easements:
Recorded: November 24, 2003
Recording No.: 20031124001641
16. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Short Plat No. LUA-03-027-SHPL recorded November 24, 2003 as
Recording No. 20031124900024, in King County, Washington.
17. The terms, provisions and easement(s) contained in the document entitled "Memorandum of
Easement - Parkside at Burnett" recorded September 07, 2006 as Recording No. 20060907001466 of
Official Records.
18. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Quang Nguyen an unmarried person
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Cardinal
Financial Company, Limited Partnership
Trustee: Modus
Amount: $527,200.00
Recorded: October 30, 2020
Recording Information: 20201030001569
19. Any defects, liens, encumbrances or other matters which name parties with the same or similar
names as Quang Nguyen. The name search necessary to ascertain the existence of such matters has
not been completed. In order to complete this preliminary report or commitment, we will require a
statement of information.
20. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
21. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
22. Water rights, claims or title to water, whether or not shown by the Public Records.
23. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
24. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
25. General Taxes for the year 2025.
Tax Account No.: 000720-0214-01
Amount Billed: $ 8,870.92
Amount Paid: $ 0.00
Amount Due: $ 8,870.92
Assessed Land Value: $ 341,000.00
Assessed Improvement Value: $ 523,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204747-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 2, City of Renton SP No. LUA-03-027-SHPL, Rec. 20031124900024
APN: 000720-0214-01
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204747-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PARCEL A:
LOT 2, CITY OF RENTON SHORT PLAT NO. LUA-03-027-SHPL AS RECORDED NOVEMBER 24, 2003
UNDER RECORDING NUMBER 20031124900024, IN KING COUNTY, WASHINGTON.
PARCEL B:
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AS DELINEATED ON SAID SHORT PLAT.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that lan d
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 312 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204750-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204750-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 312 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: October 28, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $800,000.00 $To be
Determined
$To be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Philip Sodoma and Hong Sodoma, husband and wife
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204750-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204750-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: February 16, 1996
Recording No.: 9602160140
13. The terms and provisions contained in the document entitled "Common Boundary Line Agreement"
recorded February 16, 1996 as Recording No. 9602160139 of Official Records.
14. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded February 16, 1996 under Recording No. 9602169001 of surveys,
in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
15. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton Short Plat No. LUA-03-027-SHPL recorded November 24,
2003 as Recording No. 20031124900024, in King County, Washington.
16. The terms and provisions contained in the document entitled "Declaration of Restrictive Covenants"
recorded November 24, 2003 as Recording No. 20031124001641 of Official Records.
17. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Philip Sodoma and Hong Sodoma, husband and wife
Grantee/Beneficiary: First Financial Northwest Bank, a Corporation organized and
existing under the laws of Washington
Trustee: Trustee Services, Inc.
Amount: $231,500.00
Recorded: January 27, 2022
Recording Information: 20220127001132
A document recorded May 02, 2024 as Recording No. 20240502000686, of Official Records provides
that the Deed of Trust/Mortgage or the obligation secured thereby has been modified.
18. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
19. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
20. This item has been intentionally deleted.
21. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
22. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204750-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
A. General taxes for the year 2024 which have been paid.
Tax Account No. 000720-0035-08
Amount: $5,932.65
Assessed Land Value: $213,000.00
Assessed Improvement Value: $337,000.00
B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
C. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
D. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 1, City of Renton SP No. LUA-03-027-SHPL, Rec. 20031124900024
APN: 000720-0035-08
E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204750-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 1, City of Renton Short Plat No. LUA-03-027-SHPL, recorded November 24, 2003 under Recording No.
20031124900024, in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 314 South Tillicum Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204755-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204755-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 314 South Tillicum Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: September 13, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple as to Parcel A, an Easement as to Parcel B
4. The Title is, at the Commitment Date, vested in:
Renton 314 LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204755-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204755-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. This item has been intentionally deleted.
13. Easement, including terms and provisions contained therein:
Recording Date: February 08, 1996
Recording Information: 9602080862
In Favor of: Renton Municipal Airport, City of Renton, its successors and
assigns
For: Unobstructed passage of all aircraft
Affects: as described therein.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
14. The terms and provisions contained in the document entitled "Declaration of Restrictive Covenant"
recorded February 16, 1996 as Recording No. 9602160138 of Official Records.
15. The terms and provisions contained in the document entitled "Common Boundary Line Agreement"
recorded February 16, 1996 as Recording No. 9602160139 of Official Records.
16. The terms and provisions contained in the document entitled "Restrictive Covenant"
recorded February 16, 1996 as Recording No. 9602160140 of Official Records.
17. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Mehrens Short Plat No. LUA-95-198-SHPL recorded February 16,
1996 as Recording No. 9602169001, in King County, Washington.
18. Evidence of the authority of the individual(s) to execute the forthcoming document for Renton 314
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
19. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
20. Water rights, claims or title to water, whether or not shown by the Public Records.
21. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
22. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
23. General Taxes for the year 2024.
Tax Account No.: 000720-0033-00
Amount Billed: $ 4,822.37
Amount Paid: $ 2,411.19
Amount Due: $ 2,411.18
Assessed Land Value: $ 127,000.00
Assessed Improvement Value: $ 318,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204755-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 2, Mehrens SP No. LUA-95-198-SHPL, Rec. 9602169001
APN: 000720-0033-00
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204755-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PARCEL A:
LOT 2 OF MEHRENS SHORT PLAT NO. LUA-95-198-SHPL, AS RECORDED FEBRUARY 16, 1996 UNDER
RECORDING NO. 9602169001, RECORDS OF KING COUNTY, WASHINGTON.
PARCEL B:
AN EASEMENT FOR INGRESS, EGRESS AND UTILITIES AS DELINEATED ON THE FACE OF SAID SHORT
PLAT.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amoun t
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 316 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204758-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204758-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 316 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: September 06, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $850,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Vinh Hoang and Nhi Hoang, husband and wife, who acquired title as Vinh Duc Hoang and Nhi Pham
Quynh Hoang, husband and wife
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204758-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204758-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: January 15, 1986
Recording No.: 8601150059
13. Easement, including terms and provisions contained therein:
Recording Date: February 08, 1996
Recording Information: 9602080862
In Favor of: Renton Municipal Airport, City of Renton, its successors and
assigns
For: Unobstructed passage of all aircraft
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
Affects: as described therein.
14. The terms and provisions contained in the document entitled "Common Boundary Line Agreement"
recorded February 16, 1996 as Recording No. 9602160139 of Official Records.
15. The terms and provisions contained in the document entitled "Restrictive Covenant"
recorded February 16, 1996 as Recording No. 9602160140 of Official Records.
16. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Mehrens Short Plat No. LUA 95-198-SHPL recorded February 16,
1996 as Recording No. 9602169001, in King County, Washington.
17. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Vinh Hoang and Nhi Hoang, husband and wife
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Boeing
Employees' Credit Union, a State Chartered Credit Union organized and
existing under the laws of the State of Washington
Trustee: George C. Reinmiller Trustee Inc
Amount: $160,000.00
Recorded: November 14, 2016
Recording Information: 20161114002556
Document states that it is for Cross-Default/Cross-Collateralization.
18. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Vinh Hoang and Nhi Pham Hoang who acquired title as Nhi
Hoang, husband and wife
Grantee/Beneficiary: Boeing Employees' Credit Union, a Credit Union organized and
existing under the laws of the State of Washington
Trustee: Trustee Services Inc.
Amount: $198,210.00
Recorded: February 17, 2022
Recording Information: 20220217000237
The above deed of trust states that it secures a line of credit. Before the close of escrow, we require
evidence satisfactory to us that (a) all checks, credit cards or other means of drawing upon the line
of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit
since the last transaction reflected in the lender's payoff demand, and (c) the borrower has in writing
instructed the beneficiary to terminate the line of credit using such forms and following such
procedures as may be required by the beneficiary.
19. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
20. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
21. Water rights, claims or title to water, whether or not shown by the Public Records.
22. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
23. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
24. General Taxes for the year 2024.
Tax Account No.: 000720-0036-07
Amount Billed: $ 6,302.97
Amount Paid: $ 3,151.49
Amount Due: $ 3,151.48
Assessed Land Value: $ 228,000.00
Assessed Improvement Value: $ 354,000.00
25. Evidence of the authority of the officers of Renton School District No. 403, a Washington municipal
corporation, to execute the forthcoming instrument, copies of the current Articles of Incorporation,
By-Laws and certified copies of appropriate resolutions should be submitted prior to closing.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204758-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 1, Mehrens SP No. LUA 95-198-SHPL, Rec. 9602169001
APN: 000720-0036-07
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204758-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 1, MEHRENS SHORT PLAT NO. LUA 95-198-SHPL, ACCORDING TO THE SHORT PLAT RECORDED
FEBRUARY 16, 1996 UNDER RECORDING NO. 9602169001, RECORDS OF KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy desc ribed in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six mont hs after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 402 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204761-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204761-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 402 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 01 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: June 11, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Catherine J. Ploue-Smith, as her separate estate and the heirs and devisees of Robert C. Smith,
deceased
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204761-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204761-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. The terms and provisions contained in the document entitled "Common Boundary Line Agreement"
recorded February 16, 1996 as Recording No. 9602160139 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
13. Robert Charles Smith died intestate.
Probate Case No.: 07-4-04769-4 KNT, King County
Personal Representative: Catherine Ploue-Smith
Attorney for Estate: Anthony David Gipe, WSBA No. 30491/Scheer & Zehnder LLP
Upon granting of non-intervention powers said personal representative will be authorized to
mortgage, convey or contract to convey said decedent's interest in said premises. Prior to entry of
such grant, any mortgage, conveyance or contract to convey must be authorized by proper court
order.
14. Lien of succession taxes upon the estate of Robert Charles Smith, deceased, King County, Probate
Case No. 07-4-04769-4 KNT
15. This item has been intentionally deleted.
16. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Catherine J. Ploue-Smith, an unmarried woman
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Newrez
LLC, a Delaware limited liability corporation
Trustee: Fidelity National Title Co., a Nebraska Corp.
Amount: $204,000.00
Recorded: January 24, 2022
Recording Information: 20220124001287
Said document contains an erroneous legal description.
17. Any defects, liens, encumbrances or other matters which name parties with the same or similar
names as Robert C. Smith and Catherine J. Ploue-Smith. The name search necessary to ascertain the
existence of such matters has not been completed. In order to complete this preliminary report or
commitment, we will require a statement of information.
18. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
19. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
20. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
21. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
22. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
23. General Taxes for the year 2024.
Tax Account No.: 000720-0037-06
Amount Billed: $ 7,488.36
Amount Paid: $ 3,744.18
Amount Due: $ 3,744.18
Assessed Land Value: $ 267,000.00
Assessed Improvement Value: $ 417,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204761-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn of Henry H. Tobin Donation Land Claim No. 37
APN: 000720-0037-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204761-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THAT PORTION OF HENRY H. TOBIN DONATION LAND CLAIM NO. 37, IN KING COUNTY, WASHINGTON,
DESCRIBED AS FOLLOWS:
BEGINNING 189.6 FEET EAST AND 335 FEET NORTH OF THE SOUTHEAST CORNER OF MITCHELLS 2
ACRE TRACTS;
THENCE NORTH 240 FEET;
THENCE WEST 75 FEET;
THENCE SOUTH 240 FEET;
THENCE EAST 75 FEET TO THE POINT OF BEGINNING;
EXCEPT THAT PORTION THEREOF DESCRIBED AS FOLLOWS:
BEGINNING 335 FEET NORTH AND 37.13 FEET EAST OF THE SOUTHWEST CORNER OF THE 2 ACRE
TRACT OF LAND SOLD TO D.C. MITCHELL BY CHARLES BRUHN, APRIL 26, 1900, THE DEED FOR WHICH
IS RECORDED IN VOLUME 254 OF DEEDS, PAGE 140, RECORDS OF KING COUNTY, WASHINGTON,
(SAID CORNER BEING 1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER
OF BLOCK 25 OF THE TOWN OF RENTON);
THENCE SOUTH 87° 13' 32" EAST A DISTANCE OF 77.57 FEET TO THE POINT OF BEGINNING;
THENCE CONTINUING SOUTH 87° 13' 32" EAST A DISTANCE OF 3.3 FEET;
THENCE NORTH 02° 09' 13" EAST ALONG AN EXISTING FENCE A DISTANCE OF 240.00 FEET;
THENCE NORTH 87° 13' 33" WEST A DISTANCE OF 4.16 FEET;
THENCE SOUTH 01° 56' 53" WEST 240.00 FEET TO THE TRUE POINT OF BEGINNING.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 406 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204766-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204766-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 406 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: September 13, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $700,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Renton 406 LLC, a Washington Limited Liability Company
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204766-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204766-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. This item has been intentionally deleted.
13. Evidence of the authority of the individual(s) to execute the forthcoming document for Renton 406
LLC, a Washington Limited Liability Company, copies of the current operating agreement should be
submitted prior to closing.
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Water rights, claims or title to water, whether or not shown by the Public Records.
16. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
17. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
18. General Taxes for the year 2024.
Tax Account No.: 000720-0179-04
Amount Billed: $ 4,653.70
Amount Paid: $ 2,326.85
Amount Due: $ 2,326.85
Assessed Land Value: $ 238,000.00
Assessed Improvement Value: $ 193,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204766-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn of H.H. Tobin Donation Claim No. 37, NE Qtr
APN: 000720-0179-04
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204766-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PORTION OF H.H. TOBIN DONATION CLAIM NO. 37, KING COUNTY, WASHINGTON, DESCRIBED AS
FOLLOWS;
BEGINNING AT A POINT 189.666 FEET EAST AND 335 FEET NORTH OF THE SOUTHEAST CORNER OF A
TRACT OF LAND DEEDED TO D. C. MITCHELL BY DEED RECORDED IN VOLUME 254 OF DEEDS, PAGE
140;
THENCE NORTH 170 FEET;
THENCE EAST 75 FEET;
THENCE SOUTH 170 FEET;
THENCE WEST 75 FEET TO THE POINT OF BEGINNING.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that lan d
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 408 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204770-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204770-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 408 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 13, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $560,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Anh Tran and Thi Soan Tran, A married couple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204770-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204770-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Easement, including terms and provisions contained therein:
Recording Information: 3361792
For: Transmission line
Affects: as described therein
13. Easement, including terms and provisions contained therein:
Recording Date: October 29, 1971
Recording Information: 7110290481
In Favor of: Puget Sound Energy, Inc., a Washington corporation
For: Electric and/or gas transmission and/or distribution system
Affects: as described therein.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Anh Tran and Thi Soan Tran, A married couple
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Today's
Mortgage, Inc., a Corporation organized and existing under the laws of
Virginia
Trustee: Fidelity National Title
Amount: $416,000.00
Recorded: October 03, 2023
Recording Information: 20231003000510
15. Any defects, liens, encumbrances or other matters which name parties with the same or similar
names as Anh Tran. The name search necessary to ascertain the existence of such matters has not
been completed. In order to complete this preliminary report or commitment, we will require a
statement of information.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. This item has been intentionally deleted.
19. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
20. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
21. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
22. General Taxes for the year 2025.
Tax Account No.: 000720-0038-05
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
Amount Billed: $ 5,383.83
Amount Paid: $ 0.00
Amount Due: $ 5,383.83
Assessed Land Value: $ 357,000.00
Assessed Improvement Value: $ 166,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204770-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn. of The H. H. Tobin Donation Claim, Sec 18 Twp 23N Rge 5E
APN: 000720-0038-05
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204770-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Portion of the H. H. TOBIN DONATION CLAIM in the Northeast Quarter of Section 18, Township 23
North, Range 5 East, W.M., described as follows:
Beginning 189.6 feet East and 575 feet North of the Southwest corner of MITCHELL'S TWO ACRE
TRACTS, according to the plat thereof, recorded in Volume 254 of Deeds, Page 147;
thence South 70 feet;
thence East 75 feet;
thence North 70 feet;
thence West 75 feet to the Point of Beginning.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 414 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204772-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204772-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 414 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: July 12, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $870,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Hong Kong Seafood Restaurant, Inc., a Washington corporation
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204772-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204772-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Easement, including terms and provisions contained therein:
Recording Date: August 05, 1983
Recording Information: 8308050574
In Favor of: City of Renton
For: Public utilities
Affects: as described therein.
13. Evidence of the authority of the officers of Hong Kong Seafood Restaurant, Inc., a Washington
corporation, to execute the forthcoming instrument, copies of the current Articles of Incorporation,
By-Laws and certified copies of appropriate resolutions should be submitted prior to closing.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
17. General Taxes for the year 2024.
Tax Account No.: 000720-0039-04
Amount Billed: $ 2,907.55
Amount Paid: $ 1,453.78
Amount Due: $ 1,453.77
Assessed Land Value: $ 275,000.00
Assessed Improvement Value: $ 0.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204772-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the
existence of any unrecorded lien or other indebtedness which could give rise to any security interest
in the subject property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Publ ic
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn. Of Henry H. Tobin Donation Claim No. 37, King County
APN: 000720-0039-04
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204772-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THE WEST 75 FEET OF THAT CERTAIN TRACT OF LAND IN THE HENRY H. TOBIN DONATION CLAIM NO.
37, IN SECTION 18, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY, WASHINGTON,
DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT WHICH IS 414-2/3 FEET EAST AND 335 FEET NORTH OF THE SOUTHEAST
CORNER OF A 2-ACRE TRACT SOLD TO D.C. MITCHELL AND CHAS. BRUHN, APRIL 26, 1900, BY DEED
RECORDED IN VOLUME 254 OF DEEDS, PAGE 140, IN KING COUNTY, WASHINGTON;
THENCE NORTH 240 FEET;
THENCE WEST 150 FEET;
THENCE SOUTH 240 FEET;
THENCE EAST 150 FEET, TO THE POINT OF BEGINNING.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex , sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5 .
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement bet ween the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 416 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204775-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204775-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 416 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 05 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: April 23, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $745,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Erlinda D. Despuig, an unmarried individual and David Medrano, an unmarried individual each 50%
ownership, as tenants in common
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204775-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be ins ured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204775-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining pr ovisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared t o the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: August 19, 1988
Recording No.: 8808190388
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton Short Plat (LUA-96-090-SHPL) recorded March 20,
1997 as Recording No. 9703209005, in King County, Washington.
14. The terms and provisions contained in the document entitled "Road Maintenance Agreement"
recorded January 30, 1998 as Recording No. 9801303217 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
15. This item has been intentionally deleted.
16. This item has been intentionally deleted.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
21. General Taxes for the year 2025.
Tax Account No.: 000720-0078-06
Amount Billed: $ 964.29
Amount Paid: $ 482.15
Amount Due: $ 482.14
Assessed Land Value: $ 167,000.00
Assessed Improvement Value: $ 278,000.00
22. Judgment.
In Favor of: LVNV Funding LLC
Against: Davd Medrano
Amount: $1,013.95 , together with interest, costs and attorneys' fees, if
any
Filed: July 22, 2024
Judgment No.: 24-2-16396-4 SEA
Case/Cause No.: 24CIV03199KCX
Attorney for Judgment Creditor: Henry Charles Coates
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204775-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insu red.
Lot 2, King County SP No. LUA-96-090-SHPL, Rec. 9703209005
APN: 000720-0078-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204775-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 2 of King County short plat no. LUA-96-090-SHPL, recorded March 20, 1997 under Recording No.
9703209005, records of King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF T HE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commit ment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in ef fect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 418 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204777-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204777-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 418 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: May 16, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $750,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation, a Washington
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Ezra Felias Viceral and Florence Vila-Viceral, husband and wife
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204777-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204777-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: August 19, 1988
Recording No.: 8808190388
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton Short Plat No. LUA-96-090-SHPL recorded March 20,
1997 as Recording No. 9703209005, in King County, Washington.
14. The terms and provisions contained in the document entitled "Road Maintenance Agreement"
recorded January 30, 1998 as Recording No. 9801303217 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
15. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
16. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. General Taxes for the year 2025.
Tax Account No.: 000720-0079-05
Amount Billed: $ 5,788.07
Amount Paid: $ 2,894.04
Amount Due: $ 2,894.03
Assessed Land Value: $ 352,000.00
Assessed Improvement Value: $ 212,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204777-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interes t in the subject
property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 3, City of Renton Short Plat No. LUA-96-090-SHPL, Rec. 9703209005
APN: 000720-0079-05
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204777-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 3, CITY OF RENTON SHORT PLAT NO. LUA-96-090-SHPL, recorded March 20, 1997 under Recording
No. 9703209005, records of King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF T HE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 420 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204779-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204779-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 420 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 11, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $743,650.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Anna T Pergamo and Brian G Casserly, wife and husband
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204779-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. Th e
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204779-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. The terms and provisions contained in the document entitled "Declaration of Restrictive Covenant"
recorded August 19, 1988 as Recording No. 8808190388 of Official Records.
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton Short Plat No. LUA-96-090-SHPL recorded March 20,
1997 as Recording No. 9703209005, in King County, Washington.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Anna T. Casserly formerly known as Anna T. Pergamo and Brian
C. Casserly, wife and husband
Grantee/Beneficiary: Qualstar Credit Union, organized and existing under the laws of
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Washington
Trustee: Chicago Title Insurance Company
Amount: $135,000.00
Recorded: January 26, 2009
Recording Information: 20090126001733
15. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. Water rights, claims or title to water, whether or not shown by the Public Records.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. General Taxes for the year 2025.
Tax Account No.: 000720-0072-02
Amount Billed: $ 6,221.61
Amount Paid: $ 0.00
Amount Due: $ 6,221.61
Assessed Land Value: $ 379,000.00
Assessed Improvement Value: $ 226,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204779-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 1, City of Renton SP No. LUA-96-090-SHPL, Rec. 9703209005
APN: 000720-0072-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204779-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 1, AS DELINEATED ON CITY OF RENTON SHORT PLAT NUMBER LUA-96-090-SHPL, RECORDED
UNDER RECORDING NUMBER 9703209005, RECORDS OF KING COUNTY, WASHINGTON, SAID SHORT
PLAT BEING A PORTION OF H.H. TOBIN DONATION LAND CLAIM, AND ALSO A PORTION OF
SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 18, TOWNSHIP 23 NORTH, RANGE
5 EAST, W.M., IN KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 455 Airport Way
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204785-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204785-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 455 Airport Way, Renton, WA 98057 Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: October 15, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $6,000,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Hong Kong Seafood Restaurant, Inc., a Washington corporation
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204785-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204785-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. This item has been intentionally deleted.
12. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the plat of Renton Real Estate Co's. 1st Addition to Renton recorded
February 16, 1914 as Volume 21 of Plats, Page 50, in King County, Washington.
14. Easement, including terms and provisions contained therein:
Recording Date: August 05, 1983
Recording Information: 8308050573
In Favor of: City of Renton
For: Public Utilities
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Affects: (Lot 11) as described therein.
15. Easement, including terms and provisions contained therein:
Recording Date: December 26, 2008
Recording Information: 20081226001059
In Favor of: City of Renton, a Municipal corporation
For: Public Signage
Affects: as described therein.
16. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded October 04, 2011 under Recording No. 20111004900001 of surveys,
in King County, Washington.
17. Evidence of the authority of the officers of Hong Kong Seafood Restaurant, Inc., a Washington
corporation, to execute the forthcoming instrument, copies of the current Articles of Incorporation,
By-Laws and certified copies of appropriate resolutions should be submitted prior to closing.
18. This item has been intentionally deleted.
19. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
20. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
21. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
22. General Taxes for the year 2024.
Tax Account No.: 722930-0545-06
Amount Billed: $ 29,989.13
Amount Paid: $ 14,994.57
Amount Due: $ 14,994.56
Assessed Land Value: $ 1,504,500.00
Assessed Improvement Value: $ 1,208,300.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204785-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statu tes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn Lot 7 and All of Lots 8-15, Blk 5, Plat of Renton Real Estate Co's, 1st Add., to Renton, Vol. 21, Pg.
50
APN: 722930-0545-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204785-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THE EAST HALF OF LOT 7 AND ALL OF LOTS 8 THROUGH 15, INCLUSIVE BLOCK 5, PLAT OF RENTON
REAL ESTATE CO'S. 1ST ADDITION TO RENTON, ACCORDING TO THE PLAT THEREOF RECORDED IN
VOLUME 21 OF PLATS, PAGE 50, IN KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 500 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204786-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204786-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 500 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: X_kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: August 13, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $700,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple as to Parcel A, easement as to Parcel B
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Bill Chau and Ann Chau, husband and wife
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204786-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be ins ured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204786-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining pr ovisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared t o the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: August 19, 1988
Recording No.: 8808190389
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton Short Plat Number LUA-99-022-SHPL recorded October
27, 1999 as Recording No. 991027900005, in King County, Washington.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Bill Chau and Ann Chau, husband and wife
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
Grantee/Beneficiary: Wells Fargo Bank, N.A., a national association
Trustee: Northwest Trustee Services, LLC
Amount: $159,500.00
Recorded: March 01, 2013
Recording Information: 20130301001031
A document recorded November 4, 2024 as Recording No. 20241104000550 of Official Records
provides that Wells Fargo National Bank West was substituted as trustee under the deed of trust.
The effect of a document entitled "Deed of Reconveyance", recorded November 4, 2024 as Recording
No. 20241104000551 of Official Records.
Note: The Company will require satisfactory proof of full payment of the debt secured by said
mortgage or deed of trust prior to removing this exception or insuring the contemplated transaction.
15. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will b e furnished by
supplemental report.
17. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. This item has been intentionally deleted.
21. Pendency of action in Superior Court of the State of Washington for King County County Circuit
Court/Superior Court.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
Plaintiff: Renton School District No. 403
Defendant: Bill Chau and Ann Chau, husband and wife
Case No.: 25-2-12943-8 SEA
Recorded/Filed: May 1, 2025 under Recording No. 20250501000012
Action For: Eminent domain
Attorney for Plaintiff: Perkins Coie LLP
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204786-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
A. General taxes for the year 2025, which have been paid.
Tax Account No. 000720-0110-06
Amount: $1,140.27
Assessed Land Value: $352,000.00
Assessed Improvement Value: $141,000.00
B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
C. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
D. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 3, City of Renton SP No. LUA-99-022-SHPL, Rec. 991027900005
APN: 000720-0110-06
E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses a re prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204786-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PARCEL A:
LOT 3, CITY OF RENTON SHORT PLAT NUMBER LUA-99-022-SHPL RECORDED OCTOBER 27, 1999,
UNDER RECORDING NUMBER 19991027900005, IN KING COUNTY, WASHINGTON.
PARCEL B:
AN EASEMENT FOR INGRESS, EGRESS AND UTILITIES OVER LOT 1 AS DELINEATED ON SAID SHORT
PLAT RECORDED OCTOBER 27, 1999, AS RECORDING NO. 991027900005.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, se x, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or ease ment in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5 .
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement bet ween the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 502 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204788-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204788-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 502 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 26, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $700,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple as to Parcel A, Easement as to Parcel B
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
4. The Title is, at the Commitment Date, vested in:
Yan Juan Chen, a married person, as her separate property and Wenjie Qin and Wanna Huang,
husband and wife, each as their interests may appear of record
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204788-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204788-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: August 19, 1988
Recording No.: 8808190389
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the City of Renton SP No. LUA-99-022-SHPL recorded October 27, 1999 as
Recording No. 19991027900005, in King County, Washington.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Wenjie Qin, a married man as his separate estate and Yan Juan Chen, a
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
married woman, as her separate estate
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for Quicken
Loans, LLC, a Michigan limited liability company
Trustee: First American Title
Amount: $436,000.00
Recorded: July 30, 2021
Recording Information: 20210730002404
15. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
16. This item has been intentionally deleted.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. This item has been intentionally deleted.
21. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
22. General Taxes for the year 2025.
Tax Account No.: 000720-0108-00
Amount Billed: $ 6,360.09
Amount Paid: $ 0.00
Amount Due: $ 6,360.09
Assessed Land Value: $ 357,000.00
Assessed Improvement Value: $ 264,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204788-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 2, City of Renton SP No. LUA-99-022-SHPL, Rec. 19991027900005
APN: 000720-0108-00
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204788-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PARCEL A:
LOT 2, CITY OF RENTON SHORT PLAT NO. LUA-99-022-SHPL, RECORDED OCTOBER 27, 1999 UNDER
RECORDING NO. 19991027900005, IN KING COUNTY, WASHINGTON.
PARCEL B:
AN EASEMENT FOR INGRESS AND EGRESS AS DELINEATED ON SAID SHORT PLAT.
EXCEPT ANY PORTION WITHIN LOT 2.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not n otify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 504 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204791-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204791-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 504 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 3 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: X_kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: July 28, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Kenneth Green and Tywana Green, husband and wife
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204791-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204791-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Covenants, conditions, restrictions and/or easements:
Recorded: August 19, 1988
Recording No.: 8808190389
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Root Short Plat No. LUA-99-022-SHPL recorded October 27, 1999 as
Recording No. 19991027900005, in King County, Washington.
14. This item has been intentionally deleted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
15. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Kenneth Green and Tywana Green, Husband and Wife
Grantee/Beneficiary: Wells Fargo Bank, N.A., a National Association organized and
existing under the laws of The United States
Trustee: Northwest Trustee Services LLC
Amount: $201,491.00
Recorded: April 07, 2010
Recording Information: 20100407000055
The terms and provisions contained in the document entitled "UCC Financing Statement Amendment"
recorded February 02, 2011 as Recording No. 20110202000656 of Official Records.
According to the public records, the beneficial interest under the deed of trust was assigned to Select
Portfolio Servicing, Inc. by assignment recorded December 18, 2018 as Recording No.
20181218001154 of Official Records.
16. The marital status of the vested owner described in Paragraph 4 of Schedule A is consistent with the
marital status identified in the most current instrument vesting Title. First American Title Insurance
Company does not represent that this is the current marital status of the vested owner. The current
marital status of the vested owner should be provided to the Company prior to closing. Additional
requirements may be imposed based upon any change in marital status since the recording of the
current vesting deed.
17. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
18. This item has been intentionally deleted.
19. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
20. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
21. General Taxes for the year 2025.
Tax Account No.: 000720-0114-02
Amount Billed: $ 5,317.62
Amount Paid: $ 2,658.81
Amount Due: $ 2,658.81
Assessed Land Value: $ 363,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
Assessed Improvement Value: $ 151,000.00
22. Pendency of action in King County Circuit Court/Superior Court.
Plaintiff: Renton School District No. 403
Defendant: Kenneth Green and Tywana Green, husband and wife
Case No.: 25-2-12943-8
Recorded/Filed: April 30, 2025
Action For: Eminent Domain
Attorney for Plaintiff: Zachary Davison
Lis Pendens was recorded on May 1, 2025 under Recording No. 20250501000011.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204791-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 1, Root SP No. LUA-99-022-SHPL, Rec. 19991027900005
APN: 000720-0114-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204791-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOT 1 OF ROOT SHORT PLAT NO. LUA-99-022-SHPL, ACCORDING TO PLAT RECORDED OCTOBER 27,
1999 UNDER RECORDING NO. 19991027900005, IN KING COUNTY, WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE CO MPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVO LVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, est ate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 505 Airport Way
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204793-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204793-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 505 Airport Way, Renton, WA 98057 Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 11, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Last Flash, LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204793-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources a nd uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204793-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of Renton Real Estate Co.'s 1st Addition to Renton recorded as
Volume 21 of Plats, Page 50, in King County, Washington.
13. Right to make necessary slopes for cuts or fills upon said premises for roda as granted by deed
recorded October 09, 1992 under recording no. 9210091432.
14. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Last Flash, LLC, a Washington limited liability company
Grantee/Beneficiary: SDS Partnership, Kelly Renton Investments, LLC & GFS Real
Estate Investments, LLC
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
Trustee: Chicago Title of Washington
Amount: $1,975,000.00
Recorded: November 07, 2023
Recording Information: 20231107000279
Affects: The land and other property.
15. Evidence of the authority of the individual(s) to execute the forthcoming document for Last Flash,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. This item has been intentionally deleted.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. General Taxes for the year 2025.
Tax Account No.: 722930-0515-02
Amount Billed: $ 3,646.33
Amount Paid: $ 0.00
Amount Due: $ 3,646.33
Assessed Land Value: $ 362,000.00
Assessed Improvement Value: $ 0.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204793-WA1
INFORMATION NOTES
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lot 6 and Ptn of Lots 5 & 7, Blk 5, Renton Real Estate Co.'s 1st Add., to Renton, Vol. 21, Pg. 50
APN: 722930-0515-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204793-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
Lot 6, East half of Lot 5 and West half of Lot 7, Block 5, RENTON REAL ESTATE CO.'S 1ST ADDITION TO
RENTON, according to the plat thereof recorded in Volume 21 of plats, Page 50, records of King County,
Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, est ate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 13
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 508 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204794-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204794-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 508 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 03 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 17, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $1,500,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District No. 403, a
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 13
4. The Title is, at the Commitment Date, vested in:
Steven E. Grissom, as Trustee of the Grissom Family Trust u/a July 10, 2007
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 13
Commitment No. NCS-1204794-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 13
Commitment No. NCS-1204794-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 13
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. The terms and provisions contained in the document entitled "Declaration of Restrictive Covenant"
recorded August 19, 1988 as Recording No. 8808190387 of Official Records.
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded November 24, 2014 under Recording No. 20141124900002 of surveys,
in King County, Washington.
14. The terms and provisions contained in the document entitled "Declaration of Covenant for
Maintenance and Inspection of Flow Control BMPS" recorded April 29, 2015 as Recording No.
20150429000009 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 13
15. The effect of a document entitled "Quit Claim Deed", recorded December 23, 2016 as Recording No.
20161223000602 of Official Records.
Said document contains an erroneous legal description.
16. The terms and provisions contained in the document entitled "Declaration of Covenant for Inspection
and Maintenance of Drainage Facilities and On-Site BMPS" recorded May 25, 2023 as Recording No.
20230525000574 of Official Records.
17. Terms and conditions of the Grissom Family Trust dated July 10, 2007, under which title is vested.
A copy of the Trust Agreement and all amendments should be submitted prior to closing.
18. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
19. Water rights, claims or title to water, whether or not shown by the Public Records.
20. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
21. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
22. This item has been intentionally deleted.
23. This transaction may be subject to a Geographic Targeting Order ("GTO") issued pursuant to the
Bank Secrecy Act. Information necessary to comply with the GTO must be provided prior to the
closing. This transaction will not be insured until this information is submitted, reviewed and found to
be complete.
24. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Steven Ellis. Grissom, Trustee of the Grissom Family Trust dated July
10, 2007
Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc. as nominee for New
American Funding LLC, a Delaware limited liability company
Trustee: Equity Title of Washington LLC
Amount: $130,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 13
Recorded: September 13, 2024
Recording Information: 20240913000401
25. General Taxes for the year 2025.
Tax Account No.: 000720-0040-01
Amount Billed: $ 9,852.48
Amount Paid: $ 0.00
Amount Due: $ 9,852.48
Assessed Land Value: $ 572,000.00
Assessed Improvement Value: $ 383,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 13
File Number: NCS-1204794-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn H. H. Tobin Donation Land Claim, Sec 18 Twp 23N Rge 05E, NE Qtr
APN: 000720-0040-01
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 13
Commitment No. NCS-1204794-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
THAT CERTAIN PORTION OF THE H.H. TOBIN DONATION CLAIM DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT 1471.52 FEET NORTH AND 517.45 FEET WEST OF THE SOUTHWEST C ORNER
OF BLOCK 25, TOWN OF RENTON, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 1 OF
PLATS, PAGE 135, RECORDS OF KING COUNTY, WASHINGTON;
THENCE WEST 72.5 FEET;
THENCE NORTH 240 FEET;
THENCE EAST 72.5 FEET;
THENCE SOUTH 240 FEET TO THE POINT OF BEGINNING;
EXCEPT THAT PORTION CONVEYED THROUGH SUPERIOR COURT CAUSE NO. 16-2-1104-9KNT BY
JUDGMENT QUIETING TITLE RECORDED JULY 19, 2016 UNDER RECORDING NO. 20160719001433;
ALSO
EXCEPT THAT PORTION CONVEYED TO CITY OF RENTON, A WASHINGTON MUNICIPAL CORPORATION
BY DEED RECORDED JUNE 16, 2023 UNDER RECORDING NO. 20230616000442.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 13
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INV OLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 13
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, est ate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 13
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitme nt Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 13
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 509 South
Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1187987-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1187987-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 509 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 11, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
81 Logan S, LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1187987-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1187987-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the Plat of the Town of Renton recorded as in Volume 1 of Plats, at Page
135, in King County, Washington.
13. Evidence of the authority of the individual(s) to execute the forthcoming document for 81 Logan S,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
14. This item has been intentionally deleted.
15. This item has been intentionally deleted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
17. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
18. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
19. General Taxes for the year 2025.
Tax Account No.: 000720-0127-07
Amount Billed: $ 5,119.84
Amount Paid: $ 0.00
Amount Due: $ 5,119.84
Assessed Land Value: $ 435,000.00
Assessed Improvement Value: $ 62,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1187987-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn. The Henry H. Tobin Donation Claim, Sec 18 Twp 23N Rge 05E
APN: 000720-0127-07
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1187987-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
That portion of the HENRY H. TOBIN DONATION claim of Section 18, Township 23 North, Range 5 East,
WILLAMETTE MERIDIAN, in King County, Washington;
The East 64 feet of a tract of land description as follows:
Beginning 414.6 feet East of the Southeast corner of the two acre tract conveyed to D. C. Mitchell by chs.
Bruhn on April 26, 1900, said corner being 1,077.12 feet West and 1,136.52 feet North of the Southwest
corner of Block 25 of the town of Renton, according to the plat thereof, recorded in Volume 1 of Plats,
Page 135, in King County, Washington;
thence North 300 feet;
thence East 145.20 feet;
thence South 300 feet;
thence West 145.20 feet to Point of Beginning;
Except the North 25 feet thereof for street purposes and except the South 155 feet thereof.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 511 Airport Way
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204798-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204798-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 511 Airport Way, Renton, WA 98057 Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: November 14, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District, an
Washington municipal corporation
The estate or interest to be insured: See Item 3
below
b. ALTA® Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
Dreamliner LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1204798-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1204798-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. This item has been intentionally deleted.
12. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
13. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or
delineated on the face of the plat of Renton Real Estate Co's. 1st Addition to Renton recorded
February 16, 1914 as in Volume 21 of Plats, Page(s) 50, in King County, Washington.
14. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded September 25, 2017 under Recording No. 20170925900005 of surveys,
in King County, Washington.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
15. Evidence of the authority of the individual(s) to execute the forthcoming document for Dreamliner
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
16. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said in spection will be furnished by
supplemental report.
17. Water rights, claims or title to water, whether or not shown by the Public Records.
18. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
19. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
20. Delinquent General Taxes for the year 2023, plus interest and penalties.
Tax Account No.: 722930-0580-02
Amount Billed: $ 6,348.35
Amount Paid: $ 0.00
Amount Due: $ 6,348.35
Assessed Land Value: $ 688,000.00
Assessed Improvement Value: $ 0.00
21. Delinquent General Taxes for the year 2024, plus interest and penalties.
Tax Account No.: 722930-0580-02
Amount Billed: $ 7,581.87
Amount Paid: $ 0.00
Amount Due: $ 7,581.87
Assessed Land Value: $ 720,000.00
Assessed Improvement Value: $ 0.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1204798-WA1
INFORMATION NOTES
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Lots 16, 17, 18 and 19, Blk 5, Renton Real Estate Co's. 1st Add. to Renton, Vol. 21, Pg. 50
APN: 722930-0580-02
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1204798-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
LOTS 16, 17, 18 AND 19, BLOCK 5, RENTON REAL ESTATE CO'S. 1ST ADDITION TO RENTON,
ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 21 OF PLATS, PAGE 50, IN KING COUNTY,
WASHINGTON.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commit ment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in ef fect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 12
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: Renton School District / 513 South
Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1187990-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1187990-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 513 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 02 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: March 10, 2025 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
81 Logan S, LLC, a Washington limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 12
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 12
Commitment No. NCS-1187990-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 12
Commitment No. NCS-1187990-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 12
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. General Taxes for the year 2025.
Tax Account No.: 000720-0128-06
Amount Billed: $ 7,110.58
Amount Paid: $ 0.00
Amount Due: $ 7,110.58
Assessed Land Value: $ 342,000.00
Assessed Improvement Value: $ 350,000.00
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Evidence of the authority of the individual(s) to execute the forthcoming document for 81 Logan S,
LLC, a Washington limited liability company, copies of the current operating agreement should be
submitted prior to closing.
13. This item has been intentionally deleted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 12
14. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
15. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
16. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 12
File Number: NCS-1187990-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
NOTE: We don't find any voluntary liens of record affecting subject property. Inquire as to the existence
of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject
property.
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn H.H. Tobin's DLC, Sec 18 Twp 23N Rge 05E
APN: 000720-0128-06
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 12
Commitment No. NCS-1187990-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
That portion of H.H. TOBIN'S DONATION LAND CLAIM in Section 18, Township 23 North, Range 5 East,
W.M., in King County, Washington, described as follows:
Commencing 670 feet east and 225 feet north of the southeast corner of two-acre tract conveyed to
David C. Mitchell by Chas. Bruhn on April 26, 1900 by deed recorded in Volume 254 of deeds, on Page
140, in King County;
Thence North 50 feet parallel to the west line of two-acre tract conveyed to J.C. Calvin by deed recorded
in Volume 33 of deeds on Page 684, in King County;
Thence West at right angle to first line 110 feet;
Thence South 50 feet and parallel to first named line;
Thence East 110 feet to the place of beginning.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 12
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy desc ribed in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six mont hs after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 12
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that land
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 12
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 12
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 1 of 14
Transaction Identification Data, for which the Company assumes no liability as set forth in
Commitment Condition 5.e.:
Issuing Agent: First American Title Insurance Company National Commercial Services
Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Reference No.: 518 South Tobin Street
Issuing Office’s ALTA® Registry ID: 1153461 Escrow Officer Name: Laura Johnson
Commitment Number: NCS-1204800-WA1 Escrow Officer Number: (206)615-3276
Issuing Office File Number: NCS-1204800-WA1 Escrow Officer Email: lhjohnson@firstam.com
Property Address: 518 South Tobin Street, Renton, WA
98057
Escrow Assistant Name: Katie Mccune
Revision Number: 01 Escrow Assistant Number: (206)269-4929
Escrow Assistant Email: kmccune@firstam.com
Title Officer Name: Terri Nugent
Title Officer Number: (206)615-3041
Title Officer Email: tnugent@firstam.com
SCHEDULE A
1. Commitment Date: June 11, 2024 at 7:30 AM
2. Policy to be Issued:
Amount Premium Tax
a. ALTA® Standard Owner's Policy $To Be
Determined
$To Be
Determined
$To Be
Determined
Proposed Insured: Renton School District
The estate or interest to be insured: See Item 3
below
b. ALTA® Loan Policy $ $ $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
c. ALTA® Policy $
Proposed Insured:
The estate or interest to be insured: See Item 3
below
3. The estate or interest in the Land at the Commitment Date is:
Fee Simple
4. The Title is, at the Commitment Date, vested in:
CL Backus & Co, LLC, a Utah limited liability company
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 2 of 14
5. The Land is described as follows:
See Exhibit A attached hereto and made a part hereof
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 3 of 14
Commitment No. NCS-1204800-WA1
SCHEDULE B, PART I—Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. Th e
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
5. If a proposed mortgage or deed of trust will secure, in whole or in part, construction advances, in
order to consider providing coverage against statutory liens for services, labor, or materials arising
from construction of improvements or work related to the Land, the Company will require:
For all construction projects, copies of the following:
1. Project budget, including hard costs, soft costs, equity contributions, and sources and uses.
2. An indemnity agreement on a form to be provided, and executed by indemnitor(s) approved, by
the Company.
3. Direct contract(s) with any general contractor(s), including projected schedule for completion of
construction.
4. Draft loan agreement detailing construction advance disbursement controls (or separate
disbursement agreement, if applicable) and guaranty/ees.
5. An appraisal if lender has required one.
If work or delivery of materials has commenced or will commence prior to closing, the Company will also
require the following:
1. A list of all contractors and subcontractors who have commenced or will commence work or delivery of
materials, including, for each, the total contract amount and any amounts paid to date.
2. Pay applications for the latest three (3) months, including invoices and conditional and unconditional
lien waivers, from all contractors and subcontractors who have commenced work or delivery of materials.
3. Priority Agreement, on a form to be provided by the Company, signed by the general contractor(s) and
all subcontractor(s) who have commenced or will commence work or delivery of materials prior to
closing.
Upon receipt and review of the foregoing, the Company reserves the right to require additional
documentation.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 4 of 14
Commitment No. NCS-1204800-WA1
SCHEDULE B, PART II—Exceptions
Some historical land records contain Discriminatory Covenants that are illegal and
unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a
document referenced in Schedule B as if each Discriminatory Covenant is redacted,
repudiated, removed, and not republished or recirculated. Only the remaining provisions of the
document will be excepted from coverage.
The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I—Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interest, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Water rights, claims or title to water, ditch or ditch right, whether or not the
matters excepted under (a), (b), or (c) are shown by the Public Records; (d) Indian Tribal Codes or
Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien or right to a lien for services, labor, material or equipment, unless such lien is shown by the
Public Records at Date of Policy and not otherwise excepted from coverage herein.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 5 of 14
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of Real Estate Excise Tax upon sale of said premises, or transfer of a controlling interest, if
unpaid. As of the date herein, the excise tax rates are as follows:
Levy/Area Code:2100
State Excise Tax for real property classified as Timberland (RCW 84.34 or RCW 84.33) or Agricultural
land (RCW 84.34.020):
1.28% of the selling price
All other State Excise Tax:
1.10% of the selling price less than or equal to $525,000.00
1.28% of the selling price from $525,000.01 to $1,525,000.00
2.75% of the selling price from $1,525,000.01 to $ 3,025,000.00
3.00% of the selling price over $3,025,000.00
Local Excise Tax for City of Renton
.50% of the selling price
In additional to Excise Tax due, a fee of $5.00 will be charged on all taxable transactions ($10.00 on
all exempt transactions)
10. This item has been intentionally deleted.
11. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
12. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded October 22, 1985 under Volume 47 of surveys, at page(s) 20 under
Recording No. 8510229002 of surveys, in King County, Washington.
13. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded November 24, 2014 under Recording No. 20141124900002 of surveys,
in King County, Washington.
14. The effect of a document entitled "Statutory Warranty Deed", recorded March 03, 2021 as Recording
No. 20210303000185 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 6 of 14
Said document contains an erroneous legal description.
15. The effect of a document entitled "Quit Claim Deed", recorded March 03, 2021 as Recording No.
20210303000186 of Official Records.
16. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: C.L. Backus & Co., LLC
Grantee/Beneficiary: American United Federal Credit Union
Trustee: Modus Escrow and Title, LLC
Amount: $880,000.00
Recorded: March 03, 2021
Recording Information: 20210303000187
Said document contains an erroneous legal description.
A document recorded March 29, 2022 as Recording No. 20220329001611 of Official Records provides
that Robert R Rowley, P.S. was substituted as trustee under the deed of trust.
The effect of a document entitled "Trustee's Deed", recorded October 26, 2022 as Recording No.
20221026000084 of Official Records.
17. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: C.L. Backus & Co., LLC
Grantee/Beneficiary: Robert G. Bonner Jr. and Monica Klau
Trustee: Modus Title LLC
Amount: $500,000.00
Recorded: March 03, 2021
Recording Information: 20210303000188
Said document contains an erroneous legal description.
18. Any right, asserted right, or challenge, made by any party, including, but not limited to, a creditor,
trustee or debtor in possession in bankruptcy to avoid or invalidate that certain conveyancing
document which recorded October 26, 2022 as Recording No. 20221026000084 of Official Records.
19. Any irregularity in the foreclosure proceedings leading up to the Trustee's Deed recorded October 26,
2022 as Recording No. 20221026000084 of Official Records.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 7 of 14
20. Evidence of the authority of the individual(s) to execute the forthcoming document for CL Backus &
Co, LLC, a Utah limited liability company, copies of the current operating agreement should be
submitted prior to closing.
21. A Certificate of Good Standing from the State of Washington for CL Backus & Co, LLC, a Utah limited
liability company, should be submitted prior to closing.
22. Water rights, claims or title to water, whether or not shown by the Public Records.
23. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
24. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
25. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
26. Delinquent General Taxes for the year 2024, plus interest and penalties.
Tax Account No.: 000720-0041-00
Amount Billed: $ 5,421.52
Amount Paid: $ 0.00
Amount Due: $ 5,421.52
Assessed Land Value: $ 209,000.00
Assessed Improvement Value: $ 294,000.00
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 8 of 14
File Number: NCS-1204800-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
1. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
2. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
3. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn Henry H. Tobin Donation Claim No. 37, Sec 18 Twp 23N Rge 5E
APN: 000720-0041-00
4. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 9 of 14
Commitment No. NCS-1204800-WA1
EXHIBIT A
The Land referred to herein below is situated in the County of King, State of Washington, and is
described as follows:
PARCEL A:
THAT PORTION OF THE HENRY H. TOBIN DONATION CLAIM NO. 37, IN SECTION 18, TOWNSHIP 23
NORTH, RANGE 05 EAST, W.M. IN KING COUNTY, WASHINGTON; DESCRIBED AS FOLLOWS, TO WIT:
BEGINNING AT A POINT WHICH IS 670.00 FEET EAST AND 335.00 FEET NORTH OF THE SOUTHEAST
CORNER OF A TWO ACRE TRACT OF LAND CONVEYED TO DAVID C. MITCHELL BY CHARLES BRUHN
AND PAULINE BRUHN, HUSBAND AND WIFE, BY DEED RECORDED ON APRIL 27, 1900, UNDER KING
COUNTY RECORDING NO. 189971 IN VOLUME 254 OF DEEDS AT PAGE 140, SAID SOUTHEAST CORNER
BEING 1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER OF BLOCK 25,
PLAT OF THE TOWN OF RENTON, AS LAID OUT BY E.M. SMITHERS, J. B. MORRIS AND C. B. SHALLUCK,
ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 1 OF PLATS AT PAGE 135, RECORDS OF
KING COUNTY, WASHINGTON;
THENCE NORTH 50.00 FEET;
THENCE WEST 107.00 FEET;
THENCE SOUTH 50.00 FEET;
THENCE EAST 107.00 TO THE POINT OF BEGINNING;
EXCEPT THOSE PORTIONS, IF ANY, LYING WITHIN SOUTH TOBIN STREET AND LOGAN AVENUE SOUTH
AS CONVEYED TO THE TOWN OF RENTON BY DEED RECORDED ON OCTOBER 30, 1902, UNDER KING
COUNTY RECORDING NO. 245468.
PARCEL B:
THAT PORTION OF THE HENRY H. TOBIN DONATION CLAIM NO. 37, IN SECTION 18, TOWNSHIP 23
NORTH, RANGE 05 EAST, W.M., IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS, TO WIT:
BEGINNING AT A POINT WHICH IS 670.00 FEET EAST AND 385.00 FEET NORTH OF THE SOUTHEAST
CORNER OF A TWO ACRE TRACT OF LAND CONVEYED TO DAVID C. MITCHELL BY CHARLES BRUHN
AND PAULINE BRUHN, HUSBAND AND WIFE, BY DEED RECORDED ON APRIL 27, 1900, UNDER KING
COUNTY RECORDING NO. 189971 IN VOLUME 254 OF DEEDS AT PAGE 140, SAID SOUTHEAST CORNER
BEING 1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER OF BLOCK 25,
PLAT OF THE TOWN OF RENTON, AS LAID OUT BY E.M. SMITHERS, J. B. MORRIS AND C. B. SHALLUCK,
ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 1 OF PLATS AT PAGE 135, RECORDS OF
KING COUNTY, WASHINGTON;
THENCE NORTH 50.00 FEET;
THENCE WEST 107.00 FEET;
THENCE SOUTH 50.00 FEET;
THENCE EAST 107.00 TO THE POINT OF BEGINNING;
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 10 of 14
EXCEPT THOSE PORTIONS, IF ANY, LYING WITHIN SOUTH TOBIN STREET AND LOGAN AVENUE SOUTH
AS CONVEYED TO THE TOWN OF RENTON BY DEED RECORDED ON OCTOBER 30, 1902, UNDER KING
COUNTY RECORDING NO. 245468.
PARCEL C:
THAT PORTION OF THE HENRY H. TOBIN DONATION CLAIM NO. 37, IN SECTION 18, TOWNSHIP 23
NORTH, RANGE 05 EAST, W.M. IN KING COUNTY, WASHINGTON; DESCRIBED AS FOLLOWS, TO WIT:
BEGINNING AT A POINT WHICH IS 670.00 FEET EAST AND 335.00 FEET NORTH OF THE SOUTHEAST
CORNER OF A TWO ACRE TRACT OF LAND CONVEYED TO DAVID C. MITCHELL BY CHARLES BRUHN
AND PAULINE BRUHN, HUSBAND AND WIFE, BY DEED RECORDED ON APRIL 27, 1900, UNDER KING
COUNTY RECORDING NO. 189971 IN VOLUME 254 OF DEEDS AT PAGE 140, SAID SOUTHEAST CORNER
BEING 1077.12 FEET WEST AND 1136.52 FEET NORTH OF THE SOUTHWEST CORNER OF BLOCK 25,
PLAT OF THE TOWN OF RENTON, AS LAID OUT BY E.M. SMITHERS, J. B. MORRIS AND C. B. SHALLUCK,
ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 1 OF PLATS AT PAGE 135, RECORDS OF
KING COUNTY, WASHINGTON, THENCE WEST 107.00 FEET TO THE TRUE POINT OF BEGINNING;
THENCE WEST 3.00 FEET;
THENCE NORTH 240.00 FEET
THENCE EAST 3.00 FEET;
THENCE SOUTH 240.00 FEET TO THE TRUE POINT OF BEGINNING;
EXCEPT THOSE PORTIONS, IF ANY, LYING WITHIN SOUTH TOBIN STREET AS CONVEYED TO THE
TOWN OF RENTON BY DEED RECORDED ON OCTOBER 30, 1902, UNDER KING COUNTY RECORDING
NO. 245468;
ALSO EXCEPTING THEREFROM THAT PORTION DESCRIBED IN JUDGMENTS RECORDED JULY 19, 2016
AND JUNE 21, 2016 UNDER RECORDING NO. 20160719001433 AND 20160621000325.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 11 of 14
ALTA COMMITMENT FOR TITLE INSURANCE
issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL
OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE
PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY
SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR
THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON,
INCLUDING A PROPOSED INSURED.
THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED
INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS
COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS
COMMITMENT TO ANY OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the
Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the
“Company”), commits to issue the Policy according to the terms and provisions of this Commitment. This
Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in
Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the
Proposed Amount of Insurance and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within six months after the
Commitment Date, this Commitment terminates and the Company’s liability and obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 12 of 14
COMMITMENT CONDITIONS
1. DEFINITIONS
a. “Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that is
unenforceable under applicable law because it illegally discriminates against a class of
individuals based on personal characteristics such as race, color, religion, sex, sexual
orientation, gender identity, familial status, disability, national origin, or other legally
protected class.
b. “Knowledge” or “Known”: Actual knowledge or actual notice, but not constructive notice
imparted by the Public Records.
c. “Land”: The land described in Item 5 of Schedule A and improvements located on that lan d
that by State law constitute real property. The term “Land” does not include any property
beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any
abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does
not modify or limit the extent that a right of access to and from the Land is to be insured by
the Policy.
d. “Mortgage”: A mortgage, deed of trust, trust deed, security deed, or other real property
security instrument, including one evidenced by electronic means authorized by law.
e. “Policy”: Each contract of title insurance, in a form adopted by the American Land Title
Association, issued or to be issued by the Company pursuant to this Commitment.
f. “Proposed Amount of Insurance”: Each dollar amount specified in Schedule A as the Proposed
Amount of Insurance of each Policy to be issued pursuant to this Commitment.
g. “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each
Policy to be issued pursuant to this Commitment.
h. “Public Records”: The recording or filing system established under State statutes in effect at
the Commitment Date under which a document must be recorded or filed to impart
constructive notice of matters relating to the Title to a purchaser for value without
Knowledge. The term “Public Records” does not include any other recording or filing system,
including any pertaining to environmental remediation or protection, planning, permitting,
zoning, licensing, building, health, public safety, or national security matters.
i. “State”: The state or commonwealth of the United States within whose exterior boundaries
the Land is located. The term “State” also includes the District of Columbia, the
Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam.
j. “Title”: The estate or interest in the Land identified in Item 3 of Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in
the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and
obligation end.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 13 of 14
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
a. the Notice;
b. the Commitment to Issue Policy;
c. the Commitment Conditions;
d. Schedule A;
e. Schedule B, Part I—Requirements; and
f. Schedule B, Part II—Exceptions; and
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment
to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records
prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5.
The Company is not liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
a. The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s
actual expense incurred in the interval between the Company’s delivery to the Proposed
Insured of the Commitment and the delivery of the amended Commitment, resulting from
the Proposed Insured’s good faith reliance to:
i. comply with the Schedule B, Part I—Requirements;
ii. eliminate, with the Company’s written consent, any Schedule B, Part II —Exceptions; or
iii. acquire the Title or create the Mortgage covered by this Commitment.
b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured
requested the amendment or had Knowledge of the matter and did not notify the Company
about it in writing.
c. The Company is only liable under Commitment Condition 4 if the Proposed Insured would
not have incurred the expense had the Commitment included the added matter when the
Commitment was first delivered to the Proposed Insured.
d. The Company’s liability does not exceed the lesser of the Proposed Insured’s actual expense
incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount
of Insurance.
e. The Company is not liable for the content of the Transaction Identification Data, if any.
f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of
the Schedule B, Part I—Requirements have been met to the satisfaction of the Company.
g. The Company’s liability is further limited by the terms and provisions of the Policy to be
issued to the Proposed Insured.
Commitment for Title Insurance
Washington - 2021 v. 01.00 (07-01-2021)
This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form.
Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association.
Form 50170653 (8-29-22) Page 14 of 14
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND
CHOICE OF FORUM
a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim
under this Commitment.
b. Any claim must be based in contract under the State law of the State where the Land is
located and is restricted to the terms and provisions of this Commitment. Any litigation or
other proceeding brought by the Proposed Insured against the Company must be filed
only in a State or federal court having jurisdiction.
c. This Commitment, as last revised, is the exclusive and entire agreement between the
parties with respect to the subject matter of this Commitment and supersedes all prior
commitment negotiations, representations, and proposals of any kind, whether written or
oral, express or implied, relating to the subject matter of this Commitment.
d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an
agreement or obligation to provide coverage beyond the terms and provisions of this
Commitment or the Policy.
e. Any amendment or endorsement to this Commitment must be in writing.
f. When the Policy is issued, all liability and obligation under this Commitment will end and
the Company’s only liability will be under the Policy.
7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance
commitments and policies. The issuing agent is not the Company’s agent for closing, settlement,
escrow, or any other purpose.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating
the coverage that the Company may provide. A pro-forma policy neither reflects the status of
Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a
commitment to insure.
9. CLAIMS PROCEDURES
This Commitment incorporates by reference all Conditions for making a claim in the Policy to be
issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of
liability in Commitment Conditions 5 and 6.
10. CLASS ACTION
ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT,
INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS
COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR
DISPUTE ARISING OUT OF OR RELATING TO THE TRANS ACTION GIVING RISE TO THIS
COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS
PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE
PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS
ACTION CONDITION.
Page 1 of 1
First American Title Insurance Company
920 5th Avenue, Suite 1250
Seattle, WA 98104
Phn - (206)728-0400 (800)826-7718
Fax -
Metro Area Title Team
11400 SE 8th Street, Suite 250, Bellevue, WA 98004
Fax No. (425) 635-2101
EastsideTitleTeam@firstam.com
Recording Department
Email: recording.wa@firstam.com
Tim Daniels Kaylee Colwell Rebecca Houghton
tdaniels@firstam.com kcolwell@firstam.com rhoughton@firstam.com
(425) 635-2100 (425) 732-4814 (425) 305-3547
File No.: 4209-4237386
Customer Reference: 526 2nd Ave S,
Renton, WA 98057
Re: Property Address: 526 2nd Ave S, Renton, WA 98057
Supplemental Report 1 to the 3rd Commitment
Dated: February 27, 2025 at 8:00 A.M.
Commitment/Preliminary Report No. 4209-4237386 dated as of February 13, 2025 (including
any supplements or amendments thereto) relating to the issuance of an American Land Title Association
Form Policy is hereby modified and/or supplemented as follows:
Proposed insured is hereby amended to read as follows:
Renton School District No. 403, a Washington municipal corporation
First American Title Insurance Company
Tim Daniels, Title Officer