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HomeMy WebLinkAboutL_TitleReport_190320_v1.pdfALTA COMMITMENT FOR TITLE INSURANCE ISSUED BY STEWART TITLE GUARANTY 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, STEWART TITLE GUARANTY COMPANY, a Texas 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 Policy Amount 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. Countersigned by: Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: For purposes of this form the “Stewart Title” logo featured above is the represented logo for the underwriter, Stewart Title Guaranty Company. This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 ALTA Commitment For Title Insurance 8-1-16 (4-2-18) Page 1 of 3 COMMITMENT CONDITIONS 1.DEFINITIONS x (a) “Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records. (b) “Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. (c)“Mortgage”: A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law. (d) “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. (e) “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. (f)“Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this Commitment. (g) “Public Records”: Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. (h) “Title”: The estate or interest described in 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. 3.The Company’s liability and obligation is limited by and this Commitment is not valid without: x(a) the Notice; (b) the Commitment to Issue Policy; (c)the Commitment Conditions; (d) Schedule A; (e) Schedule B, Part I - Requirements; (f)Schedule B, Part II - Exceptions; and (g) a countersignature by the Company or its issuing agent that may be in electronic form. 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 shall not be liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY x(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: x(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 shall not be 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 will only have liability 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. This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 ALTA Commitment For Title Insurance 8-1-16 (4-2-18) Page 2 of 3 x(d) The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount. (e) The Company shall not be liable for the content of the Transaction Identification Data, if any. (f)In no event shall the Company be 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) In any event, the Company’s liability is limited by the terms and provisions of the Policy. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT x(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 and must be restricted solely to the terms and provisions of this Commitment. (c)Until the Policy is issued, 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 and authenticated by a person authorized by the Company. (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 HAS BEEN 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 the purpose of providing closing or settlement services. 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. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at <http://www.alta.org/arbitration>. STEWART TITLE GUARANTY COMPANY All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at P.O. Box 2029, Houston, Texas 77252-2029. This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 ALTA Commitment For Title Insurance 8-1-16 (4-2-18) Page 3 of 3 Transaction Identification Data for reference only: Issuing Agent: Issuing Office: Issuing Office's ALTA® Registry ID:N/A Loan ID Number: Commitment Number:19000310049 Issuing Office File Number:19000310049 Property Address:1415 Maple Avenue Southwest, Renton, WA 98057 Revision Number:5 - Update / Sale Price and Premium Revised Title Officer:Debbi Hodgson Phone: (360) 713-9260 Email: dhodgson@stewart.com Escrow Officer:Carma Weymouth Phone: (303) 780-4015 Email: CWeymouth@stewart.com 1. Commitment Date: March 12, 2019 at 8:00 A.M. 2. Policy to be issued:Proposed Policy Amount (a) ALTA Owner's Policy Short Term Rate with Prior Title Discount Extended Premium: Tax: Total: $4,575,000.00 $6,414.00 $647.81 $7,061.81 Extended Ptn of Premium Charge:$2,138.00 Tax:$215.94 Total:$2,353.94 Proposed Insured:EWA 1415 Maple Owner, LLC, a Delaware limited liablity company (b) ALTA Loan Policy Proposed Insured: 3. The estate or interest in the Land described or referred to in this Commitment is: Fee Simple 4. The Title is, at the Commitment Date, vested in: Sprint Communications Company L.P., a Delaware limited partnership 5. The Land is described as follows: FOR LEGAL DESCRIPTION SEE EXHIBIT "A" ATTACHED HERETO ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE A ISSUED BY STEWART TITLE GUARANTY COMPANY This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule 8-1-16 (4-2-18) COM Page 1 of 3 EXHIBIT "A" Legal Description: Parcel A: Lots 16 through 25, inclusive, and Lots 34 and 35, Block 22, C. D. Hillman's Earlington Gardens Addition to the City of Seattle, Division No. 1, according to the plat thereof recorded in Volume 17 of Plats, page 74, records of King County, Washington; Except that portion thereof conveyed to the State of Washington for highway, under Recording Number 5438167. Parcel B: Lots 36 and 37, Block 22, C. D. Hillman's Earlington Gardens Addition to the City of Seattle, Division No. 1, according to the plat thereof recorded in Volume 17 of Plats, page 74, records of King County, Washington. Parcel C: Lot 38, and the West 60 feet of Lots 39 and 40, and the South 20 feet of the East 135.05 feet of Lot 39, Block 22, C. D. Hillman's Earlington Gardens Addition to the City of Seattle, Division No. 1, according to the plat thereof recorded in Volume 17 of Plats, page 74, records of King County, Washington; Except that portion thereof conveyed to the State of Washington for highway, under Recording Number 5438165. All situate in the County of King, State of Washington. Abbreviated Legal:Lots 16-25, Lots 34-38, and Ptn. of Lots 39 and 40, Blk. 22, C. D. Hillman's Earlington Gardens Add. to C/Sea, Div. No. 1, in KING Cty., WA Parcel No(s):334040-3805-06 Purported Address:1415 Maple Avenue Southwest, Renton, WA 98057 ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE A ISSUED BY STEWART TITLE GUARANTY COMPANY This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule 8-1-16 (4-2-18) COM Page 2 of 3 ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE A ISSUED BY STEWART TITLE GUARANTY COMPANY This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule 8-1-16 (4-2-18) COM Page 3 of 3 File No.: 19000310049- Amended No. 5 - Update / Sale Price and Premium Revised All of the following Requirements must be met: 1. 2. 3. 4. 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. Pay the agreed amount for the estate or interest to be insured. Pay the premiums, fees, and charges for the Policy to the Company. 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. Note: 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. Format: Margins to be 3” on top of first page, 1” on sides and bottom, 1” on top, sides and bottom of each succeeding page. Font size of 8 points or larger and paper size of no more than 8 ½” by 14”. No attachments on pages such as stapled or taped notary seals, pressure seals must be smudged. Information which must appear on the first page: Title or titles of document. If assignment or reconveyance reference to auditor’s file number of subject deed of trust. Names of grantor(s) and grantee(s) with reference to additional names on following page(s), if any. Abbreviated legal description (lot, block, plat name or section, township, range and quarter section for unplatted). Assessor’s tax parcel number(s) Return address which may appear in the upper left hand 3” top margin ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART I ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company Requirements This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B I 8-1-16 (4-2-18) Page 1 of 1 Exceptions File No.: 19000310049- Amended No. 5 - Update / Sale Price and Premium Revised THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions 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. GENERAL EXCEPTIONS A. B. C. Taxes or assessments which are not shown as existing liens by the public records. (i) Unpatented mining claims; (ii) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (iii) water rights, claims or title to water; whether or not the matters described (i), (ii) & (iii) are shown in the public records; (iv) Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. Extended coverage exceptions as follows: (1) (2) (3) (4) Rights or claims of parties in possession not shown by the public records. Easements, claims of easement or encumbrances which are not shown by the public records. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey and inspection of the premises and which are not shown by the public records. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished imposed by law and not shown by the public records. D. E. Any service, installation, connection, maintenance, tap, capacity, construction or reimbursement charges for sewer, water, electricity or other utilities, or for garbage collection and disposal. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this commitment. ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B II 8-1-16 (4-2-18) Page 1 of 5 F. G. Any titles or rights asserted by anyone, including but not limited to persons, corporations, governments, or other entities, to tidelands, or lands comprising the shores or bottoms of navigable rivers, lakes, bays, ocean or gulf, or lands beyond the line of the harbor or bulkhead lines as established or changed by the United States Government, or riparian rights, if any. Minerals of whatsoever kind, subsurface and surface substances, including but not limited to coal, lignite, oil, gas, uranium, clay, rock, sand and gravel in, on, under and that may be produced from the Land, together with all rights, privileges, and immunities relating thereto, whether or not appearing in the Public Records or listed in Schedule B. The Company makes no representation as to the present ownership of any such interests. There may be leases, grants, exceptions or reservations of interests that are not listed. SPECIAL EXCEPTIONS FOLLOW 1. 2. 3. 4. 5. Payment of Real Estate Excise Tax, if required. The property described herein is situated within the boundaries of local taxing authority of the City of Renton. Present Rate of Real Estate Excise Tax as of the date herein is 1.78% and the levy code is 2100. General taxes on Operating Property of Sprint Communications Company: Year:2019 Amount Billed:$8,971.52 Amount Paid:$-0- Amount Due:$8,971.52, plus interest and penalty if delinquent Tax Account No.:334040-3805-06 Levy Code:2100 (Affects: Special charges for the year 2019 for said premises) Taxes due for the assessed values for lands and improvements are billed under one special number for all Operating Property of the owner located within the above levy code area. Said category of account numbers is not in the real property account records of King County available to this company. The Operating Property account number for levy code area 2100 must be supplied either by the taxpayer, or inquiry may be made from: Note: King County Treasurer, 500 4th Avenue, 6th Floor Admin. Bldg., Seattle, WA 98104 (206) 296-7300 Web Address: http://webapp.metrokc.gov/kctaxinfo/. Liability for sewer treatment capacity charges that may be assessed but not disclosed in the public records. Please contact the King County Capacity Charge Department for further information at 206-296-1450. Current and/or advance personal property taxes that may become due upon transfer or sale of the premises herein described. Please contact the King County Treasurer's office for further information. Deleted ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B II 8-1-16 (4-2-18) Page 2 of 5 6. 7. 8. 9. 10. 11. 12. 13. Please be advised that our search did not disclose any open deeds of trust of record. If you should have knowledge of any outstanding obligation, please contact the title department immediately for further review prior to closing. Terms and Conditions of the Partnership Agreement for Sprint Communications Company L.P., a Delaware limited partnership. Any conveyance by Sprint Communications Company L. P., a Delaware limited partnership, must be executed by all of the limited partners and their respective spouses (if applicable) as of the date of acquisition, or evidence must be provided that certain designated partners have been authorized to act on behalf of the partnership. Copies of said partnership agreement and all amendments thereto should be submitted for review prior to closing. Evidence of good standing and the authority of the individual(s) to execute the forthcoming document(s) for EWA 1415 Maple Owner, LLC, a Delaware limited liablity company, and copies of the current operating agreement and any amendments thereto, should be submitted prior to closing. Deleted Any unrecorded leaseholds, right of vendors and holders of security interest on personal property installed upon said property, and right of tenants to remove trade fixtures at the expiration of the term. Copies of all unrecorded commercial leases should be submitted for review prior to closing. Relinquishment of access to state highway and of light, view and air by deed to the State of Washington: Recorded:June 11, 1962 Recording No.:5438165 Affects: Parcel C Relinquishment of access to state highway and of light, view and air by deed to the State of Washington: Recorded:June 11, 1962 Recording No.:5438167 Affects: Parcel A Easement and the terms and conditions thereof: Grantee:City of Renton Purpose:Public utilities, including water and sewer Affects:Portions of Parcels A and C as delineated in said document Recorded:August 24, 1992 Recording No.:9208240394 ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B II 8-1-16 (4-2-18) Page 3 of 5 14. 15. 16. 17. 18. Matters disclosed on unrecorded ALTA/NSPS Land Title Survey prepared by Huitt-Zollars, Inc. under Project No. R310474.01, dated February 8, 2019, last revised February 25, 2019, as follows: a) Chain link fence over and across South boundary line 0.6' onto Southerly adjoiner and rights associated therewith; b) Concrete curb over and across Northeasterly boundary line 0.2' Westerly onto subject property and rights associated therewith; c) Deleted; d) Concrete curb over and across South boundary line 1.3' Northerly onto subject property and rights associated therewith. e) Concrete sidewalk over and across South boundary line 0.6' onto Southerly adjoiner and rights associated therewith; f) Chain link fence over and across North boundary line 0.5' and 2.2' onto Northerly adjoiner and rights associated therewith; g) Chain link fence over and across West boundary line 1.5' onto Westerly adjoiner and rights associated therewith. City of Renton Parking Covenant and Agreement and the terms and conditions thereof: Recorded:May 15, 2000 Recording No.:20000515000442 Amendment/Modification and the terms and conditions thereof: Recorded:June 7, 2005 Recording No.:20050607000042 Easement and the terms and conditions thereof: Grantee:Puget Sound Energy, Inc. Purpose:Overhead and/or underground electric transmission system and appurtenances Affects:Portions of Parcels A and C as described thereon Recorded:July 8, 2005 Recording No.:20050708000348 Said instrument states that it replaces prior easement under Recording Number 9211170336, which is abandoned and released by Puget Sound Energy. The attached Commercial Title Affidavit must be completed in full, notarized, and submitted to the Company for review prior to closing. Deleted End of Special Exceptions ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B II 8-1-16 (4-2-18) Page 4 of 5 NOTES A. B. C. The legal description contained herein has been derived from information submitted with the application and as available from the record title. Said description should be carefully reviewed to assure it meets the intentions of the parties to this transaction. Any maps, plats or surveys attached to this commitment are provided solely for informational purposes and to assist in locating the property with reference to streets and other parcels. While it is believed to be correct, assumes no liability for any loss occurring by reason of reliance thereon. This office conforms to the Federal Privacy Laws. Please see attached Privacy Policy Notice. D. E. F. G. Recording fees charged by the county are subject to the title of the document. Standard fees are as follows: Deeds of Trust: $100.00 for the first page and $1.00 for each additional page. Deeds: $99.00 for the first page and $1.00 for each additional page. Please add a $5.00 fee for electronic recording. Sales tax may be applied in some counties. For other types of documents to be recorded please contact your escrow officer. In the event of cancellation, a cancellation charge may be made. There are no deeds affecting said land recorded within 24 months of the date of this report. We find no pertinent matters filed or recorded against EWA 1415 Maple Owner, LLC, a Delaware limited liablity company, proposed insured purchaser. PS/dh/dh/dh/dh ALTA COMMITMENT FOR TITLE INSURANCE SCHEDULE B PART II ISSUED BY Stewart Title Guaranty Company Commercial Services (Seattle) 1420 Fifth Avenue Suite 440 Seattle, WA 98101 Agent ID: As Agent for Stewart Title Guaranty Company This page is only a part of a 2016 ALTA® Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a countersignature by the Company or its issuing agent that may be in electronic form. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. File No. 19000310049 WA ALTA Commitment For Title Insurance Schedule B II 8-1-16 (4-2-18) Page 5 of 5 STG Privacy Notice Stewart Title Companies WHAT DO THE STEWART TITLE COMPANIES DO WITH YOUR PERSONAL INFORMATION? Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand how we use your personal information. This privacy notice is distributed on behalf of the Stewart Title Guaranty Company and its title affiliates (the Stewart Title Companies), pursuant to Title V of the Gramm-Leach-Bliley Act (GLBA). The types of personal information we collect and share depend on the product or service that you have sought through us. This information can include social security numbers and driver's license number. All financial companies, such as the Stewart Title Companies, need to share customers' personal information to run their everyday business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share customers' personal information; the reasons that we choose to share; and whether you can limit this sharing. . Reasons we can share your personal information.Do we share Can you limit this sharing? For our everyday business purposes— to process your transactions and maintain your account. This may include running the business and managing customer accounts, such as processing transactions, mailing, and auditing services, and responding to court orders and legal investigations. Yes No For our marketing purposes— to offer our products and services to you. Yes No For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes— information about your transactions and experiences. Affiliates are companies related by common ownership or control. They can be financial and non-financial companies. Our affiliates may include companies with a Stewart name; financial companies, such as Stewart Title Company Yes No For our affiliates' everyday business purposes— information about your creditworthiness.No We don't share For our affiliates to market to you — For your convenience, Stewart has developed a means for you to opt out from its affiliates marketing even though such mechanism is not legally required. Yes Yes, send your first and last name, the email address used in your transaction, your Stewart file number and the Stewart office location that is handling your transaction by email to optout@stewart.com or fax to 1-800-335-9591. For non-affiliates to market to you. Non-affiliates are companies not related by common ownership or control. They can be financial and non-financial companies. No We don't share We may disclose your personal information to our affiliates or to non-affiliates as permitted by law. If you request a transaction with a non-affiliate, such as a third party insurance company, we will disclose your personal information to that non-affiliate. [We do not control their subsequent use of information, and suggest you refer to their privacy notices.] SHARING PRACTICES How often do the Stewart Title Companies notify me about their practices? We must notify you about our sharing practices when you request a transaction. How do the Stewart Title Companies protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer, file, and building safeguards. How do the Stewart Title Companies collect my personal information? We collect your personal information, for example, when you ß ß request insurance-related services provide such information to us We also collect your personal information from others, such as the real estate agent or lender involved in your transaction, credit reporting agencies, affiliates or other companies. What sharing can I limit?Although federal and state law give you the right to limit sharing (e.g., opt out) in certain instances, we do not share your personal information in those instances. Contact us: If you have any questions about this privacy notice, please contact us at: Stewart Title Guaranty Company, 1980 Post Oak Blvd., Privacy Officer, Houston, Texas 77056 File No.: 19000310049 Page 1 Revised 11-19-2013