HomeMy WebLinkAboutL_Title_Report_181101_v1SUBDIVISION
Guarantee/Certificate Number:
Issued By:
0134977-06
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
Page 1 WA-CT-FNSE-02150.622476-SPS-1-18-0134977-06
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
Northwest Gourmet Foods c/o Paul Gilroy
herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A
or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of
reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount
set forth in Schedule A.
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you
wish additional liability, or assurances other than as contained herein, please contact the Company for further information
as to the availability and cost.
Chicago Title Company of Washington
701 5th Avenue, Suite 2700
Seattle, WA 98104
Chicago Title Insurance Company
By:
Countersigned By:
Authorized Officer or Agent
President
Attest:
Secretary
RECEIVED
11/14/2018 jtaylor
PLANNING DIVISION
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
Page 2 WA-CT-FNSE-02150.622476-SPS-1-18-0134977-06
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0134977-06
ISSUING OFFICE:
Title Officer: Commercial Unit
Chicago Title Company of Washington
701 5th Avenue, Suite 2700
Seattle, WA 98104
Main Phone: (206)628-5610
Email: WA-Commercial@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $35.35
Effective Date: September 6, 2018 at 12:00 AM
The assurances referred to on the face page are:
That, according to those public records which, under the recording laws, impart constructive notice of matter relative to
the following described property:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
Title to said real property is vested in:
Gilroy Real Estate Investments, LLC, a Washington limited liability company
subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their
priority.
END OF SCHEDULE A
EXHIBIT "A"
Legal Description
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
Page 3 WA-CT-FNSE-02150.622476-SPS-1-18-0134977-06
THAT PORTION OF THE SOUTHWEST QUARTER OF SECTION 18, TOWNSHIP 23 NORTH, RANGE 5 EAST,
WILLAMETTE MERIDIAN, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWEST CORNER OF SAID SECTION 18;
THENCE SOUTH 89°10'18" EAST ALONG THE SOUTH LINE OF SAID SECTION 18, A DISTANCE OF 723.32 FEET;
THENCE NORTH 0°49'42" EAST 40.00 FEET TO THE NORTH LINE OF SOUTHWEST 7TH STREET AND THE TRUE
POINT OF BEGINNING;
THENCE NORTH 0°49'42" EAST 44.20 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS
OF 334.60 FEET;
THENCE ALONG THE ARC OF SAID CURVE TO THE RIGHT AN ARC DISTANCE OF 295.88 FEET;
THENCE NORTH 00°49'42" EAST 40.00 FEET;
THENCE NORTH 72°44'18" WEST 146.20 FEET;
THENCE NORTH 66°07'03" WEST 119.99 FEET;
THENCE NORTH 72°56'23" WEST 125.86 FEET TO A POINT ON A CURVE TO THE LEFT, THE CENTER OF WHICH
BEARS SOUTH 16°07'42" WEST 363.06 FEET;
THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT AN ARC DISTANCE OF 201.19 FEET;
THENCE SOUTH 00°49'42" WEST 464.54 FEET TO THE NORTH LINE OF SOUTHWEST 7TH STREET;
THENCE SOUTH 89°10'18" EAST 447.58 FEET TO THE TRUE POINT OF BEGINNING.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0134977-06
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
Page 4 WA-CT-FNSE-02150.622476-SPS-1-18-0134977-06
GENERAL EXCEPTIONS
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
SPECIAL EXCEPTIONS
1.Easement(s) for the purpose(s) shown below and rights incidental thereto as reserved in a document;
Reserved by: Burlington Northern Inc., a Delaware corporation, successor in interest by merger to Pacific
Coast Railroad Company, a Washington corporation
Purpose: Construction, reconstruction, operation and maintenance of a railroad track or tracks and
related railroad facilities
Recording Date: May 24, 1973
Recording No.: 7305240389
Affects: Portion of said premises as described therein
Said deed is a correction of deeds recorded under Recording Numbers 6453570 and 7101260266.
2.Reservations of oil, coal, gas and minerals and/or mineral rights of any nature, and right of entry to explore same,
contained in the deed
Grantor: Burlington Northern Inc., a Delaware corporation, successor in interest by merger to Pacific
Coast Railroad Company, a Washington corporation
Recording Date: March 24, 1973
Recording No.: 7305240389
The Company makes no representations about the present ownership of these reserved and excepted interests.
Said deed is a correction of deeds recorded under Recording Numbers 6453570 and 7101260266.
3.Matters disclosed on survey by Pace dated September 27, 2012, Project No. 12504.10, and recorded under
Recording Number 20121227900002, as follows:
a) encroachment of fence 3.0 feet onto the property adjoining to the north;
b) encroachment of fence 1.6 feet onto the property adjoining to the east; and
c) encroachment of asphalt up to 11.2 feet onto the property adjoining to the east.
4.General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half
delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties):
Year: 2018
Tax Account No.: 182305-9254-02
Levy Code: 2100
Assessed Value-Land: $3,110,700.00
Assessed Value-Improvements: $2,520,100.00
General and Special Taxes:
Billed: $82,585.39
Paid: $41,292.70
Unpaid: $41,292.69
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0134977-06
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
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5.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $2,479,143.00
Dated: April 26, 2013
Trustor/Grantor: Gilroy Real Estate Investments, LLC, a Washington limited liability company
Trustee: Chicago Title of Washington
Beneficiary: Union Bank, N.A.
Recording Date: May 7, 2013
Recording No.: 20130507001952
6.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $1,788,000.00
Dated: June 30, 2014
Trustor/Grantor: Gilroy Real Estate Investments, LLC, a Washington limited liability company
Trustee: First American Title Insurance Company
Beneficiary: Ameritrust CDC
Recording Date: July 3, 2014
Recording No.: 20140703001178
An assignment of the beneficial interest under said deed of trust which names:
Assignee: U.S. Small Business Administration
Recording Date: July 7, 2014
Recording No.: 20140707000166
7.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the
document
Entitled: Memorandum of Lease
Lessor: Gilroy Real Estate Investments, LLC, a Washington limited liability company
Lessee: Northwest Gourmet Food Products, Inc., a Washington corporation
Recording Date: July 7, 2014
Recording No.: 20140707000167
An agreement recorded May 7, 2013 under Recording Number 20130507001953 which states that this lease was
subordinated to the document or interest described in the instrument
Recording Date: May 7, 2013
Recording No.: 20130507001952
8.Assignment of Leases and Rents:
Assigned to: Ameritrust CDC, a Washington nonprofit corporation
Assigned by: Gilroy Real Estate Investments, LLC, a Washington limited liability company
Recording Date: July 7, 2014
Recording No.: 20140707000653
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0134977-06
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.11.18 @ 11:05 AM
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Assignment of Assignment of Leases and Rents:
Assignee: U.S. Small Business Administration
Recording Date: July 7, 2014
Recording No.: 20170707000991
9.Third Party Lender Agreement and the terms and conditions thereof:
Between: Union Bank, N.A.
And: Ameritrust CDC
Recording Date: July 7, 2014
Recording No.: 20140707000992
10.Any unrecorded leaseholds, right of vendors and holders of security interests on personal property installed upon
the Land and rights of tenants to remove trade fixtures at the expiration of the terms.
END OF EXCEPTIONS
Note 1: The Public Records indicate that the address of the improvement located on said Land is as follows:
600 SW 7th St
Renton, WA 98055
Note 2: FOR INFORMATIONAL PURPOSES ONLY:
The following may be used as an abbreviated legal description on the documents to be recorded, per Amended
RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal description within the
body of the document:
PTN SW1/4, STR 18-23N-5E, W.M.
Tax Account No.: 182305-9254-02
END OF SCHEDULE B