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HomeMy WebLinkAboutL_Title_Reports_&_existing_easements_190917_V1.pdf First American Title Insurance Company 920 5th Avenue, Suite 1250 Seattle, WA 98104 August 02, 2019 Keller Williams Realty 505 106th Avenue Northeast , Suite 210 Bellevue, WA 98004 Contact: Lloyd Ball Phone: (425)454-0911 Fax: (425)454-4577 Metro Area Title Team Fax No. (866) 859-0429 Email: TeamKristi@firstam.com Kristi K Stevenson Jessica Smith (206) 615-3206 (425) 635-2205 kkstevenson@firstam.com jessmith@firstam.com Escrow Officer: Stephanie Cohen Phone: (253)850-5230 Fax No: (800)584-0965 E-Mail: teamstephanie@firstam.com Order Number: 4215-2990188 Please send all recording packages to 920 5th Avenue, Suite 1250, Seattle, WA 98104 Buyer: tbd Seller: Goodwin DC, LLC Property: Vacant Land Renton, WA 98056 Attached please find the following item(s): ALTA Commitment for Title Insurance Thank you for your confidence and support. We at First American Title Insurance Company maintain the fundamental principle: Customer First! This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 2 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Schedule A ALTA Commitment for Title Insurance ISSUED BY First American Title Insurance Company File No: 4215-2990188 Transaction Identification Data for reference only: Issuing Agent: First American Title Insurance Company Issuing Office: 920 5th Avenue, Suite 1250, Seattle, WA 98104 Issuing Office's ALTA® Registry ID: 1124163 Issuing Office File No.: 4215-2990188 Commitment No.: 4215-2990188 Property Address: Vacant Land, Renton, WA 98056 Revision No.: SCHEDULE A 1. Commitment Date: July 24, 2019 8:00 AM 2. Policies to be issued: (A) Standard Owner's Policy Basic Rate Proposed Insured: Glacial Venture II, LLC, a Washington limited liability company Proposed Policy Amount: $3,200,000.00 Premium: $5,735.00 Tax: $579.24 Affects: Parcel A, B and C (B) ALTA Extended Loan Policy Purchase Money Loan Rate Proposed Insured: Juniper Companies, its successors and/or assigns as defined in the Conditions of the policy, as their interests may appear. Proposed Policy Amount: $3,300,000.00 Premium: $2,310.00 Tax: $233.31 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: GOODWIN DC, LLC, A WASHINGTON LIMITED LIABILITY COMPANY AS TO PARCEL A, B AND C AND GLACIAL VENTURE II,LLC, A WASHINGTON LIMITED LIABILITY COMPANY, WHICH ACQUIRED TITLE AS GLACIAL VENTURES II, LLC, AS TO PARCEL D 5. The Land is described as follows: See Exhibit "A" attached hereto and made a part hereof This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 3 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington FIRST AMERICAN TITLE INSURANCE COMPANY Kristi Stevenson, Title Officer This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 4 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Schedule BI & BII ALTA Commitment for Title Insurance ISSUED BY First American Title Insurance Company File No: 4215-2990188 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. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 5 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Schedule BI & BII (Cont.) ALTA Commitment for Title Insurance ISSUED BY First American Title Insurance Company File No: 4215-2990188 SCHEDULE B, PART II Exceptions 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. 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, interests, or claims which are not shown by the Public Records but which coul d 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; 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 or materials or medical assistance heretofore or hereafter furnished, imposed by law and not shown by the Public Records. 8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs for sewer, water, garbage or electricity. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 6 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington 9. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As of the date herein, the excise tax rate for the City of Renton is at 1.78 %. Levy/Area Code: 2151 10. General Taxes for the year 2019. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570001605 1st Half Amount Billed: $ 1,494.35 Amount Paid: $ 1,494.35 Amount Due: $ 0.00 Assessed Land Value: $ 278,000.00 Assessed Improvement Value: $ 0.00 2nd Half Amount Billed: $ 1,494.35 Amount Paid: $ 0.00 Amount Due: $ 1,494.35 Assessed Land Value: $ 278,000.00 Assessed Improvement Value: $ 0.00 Affects: Parcel A 11. General Taxes for the year 2019. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570002009 1st Half Amount Billed: $ 1,317.71 Amount Paid: $ 1,317.71 Amount Due: $ 0.00 Assessed Land Value: $ 245,000.00 Assessed Improvement Value: $ 0.00 2nd Half Amount Billed: $ 1,317.70 Amount Paid: $ 0.00 Amount Due: $ 1,317.70 Assessed Land Value: $ 245,000.00 Assessed Improvement Value: $ 0.00 Affects: Parcel B 12. General Taxes for the year 2019. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570001506 1st Half Amount Billed: $ 4,010.24 Amount Paid: $ 4,010.24 This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 7 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Amount Due: $ 0.00 Assessed Land Value: $ 748,000.00 Assessed Improvement Value: $ 0.00 2nd Half Amount Billed: $ 4,010.24 Amount Paid: $ 0.00 Amount Due: $ 4,010.24 Assessed Land Value: $ 748,000.00 Assessed Improvement Value: $ 0.00 Affects: Parcel C 13. General Taxes for the year 2019. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570001704 1st Half Amount Billed: $ 3,222.76 Amount Paid: $ 3,222.76 Amount Due: $ 0.00 Assessed Land Value: $ 379,000.00 Assessed Improvement Value: $ 191,000.00 2nd Half Amount Billed: $ 3,222.76 Amount Paid: $ 0.00 Amount Due: $ 3,222.76 Assessed Land Value: $ 379,000.00 Assessed Improvement Value: $ 191,000.00 Affects: Parcel D 14. Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer charges for sewer, water and public facilities of King County Water District No. 107 as disclosed by instrument recorded under recording no. 9304091250. 15. Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer charges for sewer, water and public facilities of Coal Creek Utility District, King County, Washington as disclosed by instrument recorded under recording no. 20060707000722. 16. Taxes which may be assessed and extended on any subsequent roll for the tax year 2019, with respect to new improvements and the first occupancy which may be included on the regular assessment roll and which are an accruing lien not yet due or payable. 17. Terms, conditions, provisions and stipulations of the Operating Agreement of Goodwin DC, LLC. According to said Agreement dated September 13, 2013, Thiam Chua and Choi Yee Lum is/are the member(s) thereof. Any amendments to said Agreement must be submitted. Any conveyance or encumbrance of the property must be executed by said member(s) as provided for therein, subject to said amendments, if any. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 8 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington 18. Terms, conditions, provisions and stipulations of the Operating Agreement of Glacial Venture II LLC, a Washington limited liability company. According to said Agreement dated May 23, 2018, Benjamin P. Paulus is/are the manager(s) thereof. Any amendments to said Agreement must be submitted. Any conveyance or encumbrance of the property must be executed by said manager(s) as provided for therein, subject to said amendments, if any. 19. Potential lien rights as a result of labor and/or materials used, or to be used, for improvements to the premises. The Company reserves the right to make additional requirements prior to insuring. An indemnity agreement to be completed by the appropriate party, is being sent to the closing escrow company and must be submitted to us prior to closing for our review and approval. All other matters regarding extended coverage have been cleared for mortgagee's policy. Items 1 through 6 and 8 on Schedule B herein will be omitted in said extended coverage mortgagee's policy. The coverage contemplated by this paragraph will not be afforded in any forthcoming owner's standard coverage policy to be issued. 20. 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. 21. Any and all offers of dedication, conditions, restrictions, easements, boundary discrepancies or encroachments, notes and/or provisions shown or disclosed by Short Plat or Plat of C.D. Hillman’s Lake Washington Garden of Eden Addition To Seattle Div. No. 7 recorded in Volume 16 of Plats, Page(s) 18. 22. Right to make necessary slopes for cuts or fills upon said premises as granted by deed recorded under recording no.2925543. Affects: Parcel A, B and C 23. Easement, including terms and provisions contained therein: Recording Information: 5181299, July 14, 1960 In Favor of: Puget Sound Power and Light Company, a Massachusetts Corporation For: Right to enter said premises to operate, maintain and repair electric transmission and/or distribution system, together with the right to remove brush, trees and landscaping which may constitute a danger to said lines Affects: Parcel A, B and C 24. Covenants, conditions, restrictions and/or easements; but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, family status, or national origin to the extent such covenants, conditions or restrictions violate Title 42, Section 3604(c), of the United States Codes: Recording Information: 5626825 Affects: Parcel A, B and C This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 9 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington 25. Conditions, notes, easements, provisions and/or encroachments contained or delineated on the face of the Survey recorded under Recording No. 8912289022. Affects: Parcel A, B and C 26. Easement, including terms and provisions contained therein: Recorded: November 25, 1981 Recording Information: 8111250555 In Favor Of: Puget Sound Energy, Inc., a Washington corporation For: Electric transmission and/or distribution system Affects: Parcel D 27. Easement, including terms and conditions contained therein: Granted to: Graham Construction, Inc. and William N. Graham, Jr., President, owner of Tract 8 For: Easement for ingress, egress, drainage and utilities Recorded: May 14, 1984 Recording Information: 8405140124 Affects: Parcel D 28. Easement, including terms and provisions contained therein: Recording Information: 9403180804 For: Ingress, egress, drainage, utilities and the location of structures Affects: Parcel D 29. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the face of the Survey No. 9803049007, recorded in volume 120 of surveys, at page(s) 119, in King County, Washington. Affects: Parcel A, B and C 30. Conditions, notes, easements, provisions and/or encroachments contained or delineated on the face of the Survey recorded under Recording No. 20010413900003. Affects: Parcel A, B and C 31. The terms and provisions contained in the document entitled "Drainage Easement" Recorded: August 2011 Recording No.: 20110829000486 Affects: Parcel A, B and C This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 10 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington INFORMATIONAL NOTES A. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to standardization of recorded documents, certain format and content requirements must be met (refer to RCW 65.04.045). Failure to comply may result in rejection of the document by the recorder or additional fees being charged, subject to the Auditor's discretion. B. 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. C. The description can be abbreviated as suggested below if necessary to meet standardization requirements. The full text of the description must appear in the document(s) to be insured. LOTS 3 THROUGH 6 AND TRACT 9, BLK 1, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADD. TO SEATTLE DIV. NO. 7, VOL. 16, P. 18, KING COUNTY APN: 334570001605, 334570002009, 334570001506 and 334570001704 Property Address: Vacant Land, Renton, WA 98056 D. 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 may be subject to the King County Sewage Treatment Capacity Charges. E. The following deeds describing the Land have been recorded within 36 months of the Commitment Date: Recording number 20180831002111. F. Manufactured Home Title Elimination Application recorded under Recording No. 9303310633, which recites that a manufactured (mobile) home is affixed to said premises. The forthcoming Mortgagee's Policy will include an ALTA 7-06 or ALTA 7.1-06 Endorsement. Affects: Parcel D G. 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: The forthcoming Mortgagee's Policy will be the ALTA 2006 Policy unless otherwise noted on Schedule A herein. NOTE: We find no judgments or Federal tax liens against the vestee herein, unless otherwise shown as a numbered exception above. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 11 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington NOTE: A FEE MAY BE CHARGED UPON THE CANCELLATION OF THIS COMMITMENT PURSUANT TO WASHINGTON STATE INSURANCE CODE AND THE FILED RATE SCHEDULE OF THIS COMPANY. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 12 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Commitment ALTA Commitment for Title Insurance ISSUED BY First American Title Insurance Company File No: 4215-2990188 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 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. If this jacket was created electronically, it constitutes an original document. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 13 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington COMMITMENT CONDITIONS 1. DEFINITIONS (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: (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. 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 (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 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. (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. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 14 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (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. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II-Exceptions. 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. Form 50003700WA (8-23-18) Page 15 of 15 ALTA Commitment for Title Insurance (8-1-16) Washington Exhibit A ISSUED BY First American Title Insurance Company File No: 4215-2990188 File No.: 4215-2990188 GOODWIN DC, LLC, A WASHINGTON LIMITED LIABILITY COMPANY AS TO PARCEL A, B AND C AND GLACIAL VENTURE II,LLC, A WASHINGTON LIMITED LIABILITY COMPANY, WHICH ACQUIRED TITLE AS GLACIAL VENTURES II, LLC, AS TO PARCEL D THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF KING, STATE OF WA, AND IS DESCRIBED AS FOLLOWS: PARCEL A: THE SOUTH 75 FEET OF THE WEST 211 FEET OF LOT 3; AND THE NORTH 155 FEET OF THE WEST 211 FEET OF LOT 6, BLOCK 1, ALL IN THE PLAT OF C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE, DIV. NO. 7, ACCORDING TO THE PLAT RECORDED IN VOLUME 16 OF PLATS, PAGE 18, IN KING COUNTY, WASHINGTON, EXCEPT THAT PORTION THEREOF CONDEMNED IN KING COUNTY SUPERIOR COURT CAUSE NO. 165993, FOR ROAD PURPOSES. PARCEL B: THE NORTH 120 FEET OF LOT 4, BLOCK 1, EXCEPT THE WEST 50 FEET OF C.D. HILLMAN'S LAKE WASHINGTO N GARDEN OF EDEN ADDITION TO SEATTLE DIV. NO. 7, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 16 OF PLATS, PAGE 18, RECORDS OF KING COUNTY, WASHINGTON. PARCEL C: LOTS 3, 4, 5 AND 6, EXCEPT THE SOUTH 75 FEET OF THE WEST 211 FEET OF LOT 3, EXCEPT THE N ORTH 120 FEET OF THE EAST 246.29 FEET OF LOT 4, AND EXCEPT THE NORTH 155 FEET OF THE WEST 211 FEET OF LOT 6, AND EXCEPT THAT PORTION THEREOF CONDEMNED IN KING COUNTY SUPERIOR COURT CAUSE NO. 165993, FOR ROAD PURPOSES, BLOCK 1, ALL IN THE PLAT OF C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE, DIV. NO. 7, ACCORDING TO THE PLAT RECORDED IN VOLUME 16 OF PLATS, PAGE 18, IN KING COUNTY, WASHINGTON. PARCEL D: TRACT 9, BLOCK 1, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE DIVISION NO. 7, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 16 OF PLATS, PAGE 18, IN KING COUNTY, WASHINGTON. 334570001605, 334570002009, 334570001506 and 334570001704 Vacant Land Renton, Washington 98056 Page: 1 Page 1 of 1Full Screen Image Viewer 9/18/2013http://fast.firstam.net/smsfast/imaging_WB/pub/pages/preview.html?Repository=imaging.f... Description: King,WA Document - Year.Month.Day.DocID 2018.831.2111 Page: 1 of 3 Order: s Comment: Description: King,WA Document - Year.Month.Day.DocID 2018.831.2111 Page: 2 of 3 Order: s Comment: Description: King,WA Document - Year.Month.Day.DocID 2018.831.2111 Page: 3 of 3 Order: s Comment: Description: King,WA Document - Year.Month.Day.DocID 2011.829.486 Page: 1 of 4 Order: 16092013 Comment: Description: King,WA Document - Year.Month.Day.DocID 2011.829.486 Page: 2 of 4 Order: 16092013 Comment: Description: King,WA Document - Year.Month.Day.DocID 2011.829.486 Page: 3 of 4 Order: 16092013 Comment: Description: King,WA Document - Year.Month.Day.DocID 2011.829.486 Page: 4 of 4 Order: 16092013 Comment: Page 1 of 1 9/15/2017https://recordsearch.kingcounty.gov/LandmarkWeb//Document/GetDocumentForPrintPN... Page 1 of 1 9/15/2017https://recordsearch.kingcounty.gov/LandmarkWeb//Document/GetDocumentForPrintPN... First American Title First American Title Insurance Company 818 Stewart Street, Suite 800 Seattle, WA 98101 Phn - (206)728-0400 (800)826-7718 Fax - ESCROW COMPANY INFORMATION: Escrow Officer/Closer: RENEE VILLALOBOS teamrenee@firstam.com First American Title Insurance Company 11400 SE 8th Street, Suite 250, Bellevue, WA 98004 Phone: (425)455-3400 - Fax: (800)363-0756 King County Title Team Three 11400 SE 8th Street, Suite 250, Bellevue, WA 98004 Fax No. (425) 635-2101 EastsideTitleTeam@firstam.com PLEASE SEND ALL RECORDING PACKAGES TO 818 STEWART ST, STE. 800, SEATTLE, WA 98101 To: John L Scott Real Estate 4735 NorthEast 4th Street Renton, WA 98059 Attn: Steven Dobson File No.: 4243-3019314 Customer Reference: 4130 Lincoln Ave NE, Renton, WA 98056 Re: Property Address: 4130 Lincoln Ave NE, Renton, WA 98056 Second Commitment COMMITMENT FOR TITLE INSURANCE Issued by FIRST AMERICAN TITLE INSURANCE COMPANY Agreement to Issue Policy We agree to issue a policy to you according to the terms of this Commitment. When we show the policy amount and your name as the proposed insured in Schedule A, this Commitment becomes effective as of the Commitment Date shown in Schedule A. If the Requirements shown in this Commitment have not been met within six months after the Commitment Date, our obligation under this Commitment will end. Also, our obligation under this Commitment will end when the Policy is issued and then our obligation to you will be under the Policy. Our obligation under this Commitment is limited by the following: The Provisions in Schedule A. The Requirements in Schedule B-I. The General Exceptions and Exceptions in Schedule B-II. The Conditions. Tim Daniels Michelle Treherne Gayle Douce Kristi K. Stevenson tdaniels@firstam.com mtreherne@firstam.com gdouce@firstam.com kkstevenson@firstam.com (425) 635-2100 (425) 635-2100 (425) 635-2100 (425) 635-2100 Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 2 of 10 First American Title This Commitment is not valid without Schedule A and Section I and II of Schedule B. First American Title Insurance Company Tim Daniels, Title Officer Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 3 of 10 First American Title SCHEDULE A 1. Commitment Date: March 22, 2018 at 7:30 A.M. 2. Policy or Policies to be issued: AMOUNT PREMIUM TAX Basic Rate Standard Owner’s Policy $ 1,400,000.00 $ 3,035.00 $ 306.54 Proposed Insured: Blue Fern Development LLC, a Washington limited liability company 3. (A) The estate or interest in the land described in this Commitment is: Fee simple as to Parcel(s) A, an easement as to Parcel(s) B and C. (B) Title to said estate or interest at the date hereof is vested in: Jeffrey A. Lund and Joni Lynn Lund, husband and wife 4. The land referred to in this Commitment is described as follows: Real property in the County of King, State of Washington, described as follows: The land referred to in this report is described in Exhibit A attached hereto. Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 4 of 10 First American Title SCHEDULE B SECTION I REQUIREMENTS The following requirements must be met: (A) Pay the agreed amounts for the interest in the land and/or the mortgage to be insured. (B) Pay us the premiums, fees and charges for the policy. (C) Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded: (D) You must tell us in writing the name of anyone not referred to in this Commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions. (E) Releases(s) or Reconveyance(s) of Item(s): (F) Other: (G) You must give us the following information: 1. Any off record leases, surveys, etc. 2. Statement(s) of Identity, all parties. 3. Other: SCHEDULE B SECTION II GENERAL EXCEPTIONS PART ONE: A. 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. B. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. C. Easements, claims of easement or encumbrances which are not shown by the public records. D. 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. E. (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; 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. F. Any lien, or right to a lien, for services, labor or materials or medical assistance heretofore or hereafter furnished, imposed by law and not shown by the public records. G. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs for sewer, water, garbage or electricity. H. 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 escrow or interest or mortgage(s) thereon covered by this Commitment. Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 5 of 10 First American Title SCHEDULE B SECTION II EXCEPTIONS PART TWO: Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction. The printed exceptions and exclusions from the coverage of the policy or policies are available from the office which issued this Commitment. Copies of the policy forms should be read. 1. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As of the date herein, the excise tax rate for the City of Renton is at 1.78 %. Levy/Area Code: 2151 2. General Taxes for the year 2018. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570-0018-03 1st Half Amount Billed: $ 4,200.12 Amount Paid: $ 0.00 Amount Due: $ 4,200.12 Assessed Land Value: $ 292,000.00 Assessed Improvement Value: $ 353,000.00 2nd Half Amount Billed: $ 4,200.12 Amount Paid: $ 0.00 Amount Due: $ 4,200.12 Assessed Land Value: $ 292,000.00 Assessed Improvement Value: $ 353,000.00 3. Terms, conditions, provisions and stipulations of the Operating Agreement of Blue Fern Development LLC . According to said Agreement dated April 18, 2013, Benjamin P. Paulus is/are the manager(s) thereof. Any amendments to said Agreement must be submitted. Any conveyance or encumbrance of the property must be executed by said manager(s) as provided for therein, subject to said amendments, if any. 4. Any and all offers of dedication, conditions, restrictions, easements, boundary discrepancies or encroachments, notes and/or provisions shown or disclosed by Short Plat or Plat of C.D. Hillman's Lake Washington Garden of Eden Addition to the City of Seattle Division Number 7 recorded in Volume 16 of Plats, Page(s) 18. 5. The terms and provisions contained in the document entitled "Declaration of Covenants Private Well" Recorded: July 15, 1981 Recording No.: 8107150767 6. Easement, including terms and provisions contained therein: Recorded: November 25, 1981 Recording Information: 8111250556 In Favor Of: Puget Sound Energy, Inc., a Washington corporation For: Electric transmission and/or distribution system Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 6 of 10 First American Title 7. Easement, including terms and provisions contained therein: Recording Information: 8309290673 For: Road and utility 8. Conditions, notes, easements, provisions and/or encroachments contained or delineated on the face of the Survey recorded under Recording No. 8501119003. Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 7 of 10 First American Title INFORMATIONAL NOTES A. 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 may be subject to the King County Sewage Treatment Capacity Charges. B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to standardization of recorded documents, certain format and content requirements must be met (refer to RCW 65.04.045). Failure to comply may result in rejection of the document by the recorder or additional fees being charged, subject to the Auditor's discretion. 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 premises 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 standardization requirements. The full text of the description must appear in the document(s) to be insured. Tract 8, Block 1, C.D. Hillman's Lake Washington Garden of Eden Add. to the City of Seattle Div. No. 7, Vol. 16, P. 18, King County APN: 334570-0018-03 E. The following deeds affecting the property herein described have been recorded within 36 months of the effective date of this commitment: NONE Property Address: 4130 Lincoln Ave NE, Renton, WA 98056 NOTE: The forthcoming Mortgagee's Policy will be the ALTA 2006 Policy unless otherwise noted on Schedule A herein. NOTE: We find no judgments or Federal tax liens against the vestee herein, unless otherwise shown as a numbered exception above. NOTE: A FEE MAY BE CHARGED UPON THE CANCELLATION OF THIS COMMITMENT PURSUANT TO WASHINGTON STATE INSURANCE CODE AND THE FILED RATE SCHEDULE OF THIS COMPANY. Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 8 of 10 First American Title CONDITIONS 1. DEFINITIONS (a)"Mortgage" means mortgage, deed of trust or other security instrument. (b)"Public Records" means title records that give constructive notice of matters affecting the title according to the state law where the land is located. 2. LATER DEFECTS The Exceptions in Schedule B - Section II may be amended to show any defects, liens or encumbrances that appear for the first time in the public records or are created or attached between the Commitment Date and the date on which all of the Requirements (a) and (c) of Schedule B - Section I are met. We shall have no liability to you because of this amendment. 3. EXISTING DEFECTS If any defects, liens or encumbrances existing at Commitment Date are not shown in Schedule B, we may amend Schedule B to show them. If we do amend Schedule B to show these defects, liens or encumbrances, we shall be liable to you according to Paragraph 4 below unless you knew of this information and did not tell us about it in writing. 4. LIMITATION OF OUR LIABILITY Our only obligation is to issue to you the Policy referred to in this Commitment, when you have met its Requirements. If we have any liability to you for any loss you incur because of an error in this Commitment, our liability will be limited to your actual loss caused by your relying on this Commitment when you acted in good faith to: comply with the Requirements shown in Schedule B - Section I or eliminate with our written consent any Exceptions shown in Schedule B - Section II. We shall not be liable for more than the Policy Amount shown in Schedule A of this Commitment and our liability is subject to the terms of the Policy form to be issued to you. 5. CLAIMS MUST BE BASED ON THIS COMMITMENT Any claim, whether or not based on negligence, which you may have against us concerning the title to the land must be based on this commitment and is subject to its terms. cc: Blue Fern Development LLC cc: Jeffrey A. Lund and Joni Lynn Lund Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 9 of 10 First American Title First American Title Insurance Company 818 Stewart Street, Suite 800 Seattle, WA 98101 Phn - (206)728-0400 (800)826-7718 Fax - Privacy Information We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal i nformation regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:  Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means;  Information about your transactions with us, our affiliated companies, or others; and  Information we receive from a consumer reporting agency. Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We ma y, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict acces s to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email a ddress. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. Business Relationships First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. Cookies Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are he re and to provide you with a more meaningful and productive Web site experience. -------------------------------------------------------------------------------- Fair Information Values Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Form 50-PRIVACY (9/1/10) Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation) Form No. 1068-2 Commitment No.: 4243-3019314 ALTA Plain Language Commitment Page 10 of 10 First American Title FIRST AMERICAN TITLE INSURANCE COMPANY Exhibit "A" Vested Owner: Jeffrey A. Lund and Joni Lynn Lund, husband and wife Real property in the County of King, State of Washington, described as follows: Parcel A: Tract 8 in Block 1 of C.D. Hillman's Lake Washington Garden of Eden Addition to the City of Seattle Division Number 7, according to the plat thereof recorded in Volume 16 of Plats, Page 18, records of King County, Washington. Parcel B: A non-exclusive easement for ingress, egress, drainage and utilities over, under and across a strip of land 20 feet in width transversing the northerly side of Tract 10 in Block 1 of C.D. Hillman's Lake Washington Garden of Eden Addition to the City of Seattle Division Number 7, according to the plat thereof recorded in Volume 16 of Plats, Page 18, records of King County, Washington, as recorded under Recording Number 8009180744. Parcel C: A non-exclusive easement for ingress, egress, drainage and utilities over, under and across a strip of land 20 feet in width being the north 20 feet of the west 25 feet of Tract 9 in Block 1 of C.D. Hillman's Lake Washington Garden of Eden Addition to the City of Seattle Division Number 7, according to the plat thereof recorded in Volume 16 of Plats, Page 18, records of King County, Washington, as recorded under Recording Number 8405140124. Tax Parcel Number: 334570-0018-03 Situs Address: 4130 Lincoln Ave NE, Renton, WA 98056 First American Title First American Title Insurance Company 818 Stewart St, Ste 800 Seattle, WA 98101 Phn - (206)728-0400 (800)826-7718 Fax - King County Title Team Three 11400 SE 8th Street, Suite 250, Bellevue, WA 98004 Fax No. (425) 635-2101 EastsideTitleTeam@firstam.com PLEASE SEND ALL RECORDING PACKAGES TO 818 STEWART ST, STE. 800, SEATTLE, WA 98101 To: Patina Realty LLC P.O. Box 115 Hobart , WA 98025 Attn: Stephanie Lorenz File No.: 4209-2851532 Customer Reference: 2020 & 2022 NE 40th, Renton, WA 98056 Re: Property Address: 2020 NE 40th Street, Renton, WA 98056 Second Report Tim Daniels Michelle Treherne Gayle Douce Kristi Mathis tdaniels@firstam.com mtreherne@firstam.com gdouce@firstam.com kkmathis@firstam.com (425) 635-2100 (425) 635-2100 (425) 635-2100 (425) 635-2100 Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 2 of 10 First American Title COMMITMENT FOR TITLE INSURANCE Issued by FIRST AMERICAN TITLE INSURANCE COMPANY Agreement to Issue Policy We agree to issue a policy to you according to the terms of this Commitment. When we show the policy amount and your name as the proposed insured in Schedule A, this Commitment becomes effective as of the Commitment Date shown in Schedule A. If the Requirements shown in this Commitment have not been met within six months after the Commitment Date, our obligation under this Commitment will end. Also, our obligation under this Commitment will end when the Policy is issued and then our obligation to you will be under the Policy. Our obligation under this Commitment is limited by the following: The Provisions in Schedule A. The Requirements in Schedule B-I. The General Exceptions and Exceptions in Schedule B-II. The Conditions. This Commitment is not valid without Schedule A and Section I and II of Schedule B. First American Title Insurance Company Tim Daniels, Title Officer = Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 3 of 10 First American Title = SCHEDULE A 1. Commitment Date: May 16, 2017 at 7:30 A.M. 2. Policy or Policies to be issued: AMOUNT PREMIUM TAX Homeowner's Rate Eagle Owner’s Policy $ 1,150,000.00 $ 2,408.00 $ 243.21 Proposed Insured: Tien Ha Presumptively Subject to the Community Interest of their spouses, if married and/or assigns Purchase Money Loan Rate ALTA Extended Loan Policy $ To Follow $ To Follow $ To Follow Proposed Insured: To Follow 3. (A) The estate or interest in the land described in this Commitment is: Fee Simple (B) Title to said estate or interest at the date hereof is vested in: DAVID M. OGREN, JR., AS HIS SOLE AND SEPARATE PROPERTY 4. The land referred to in this Commitment is described as follows: Real property in the County of King, State of Washington, described as follows: The land referred to in this report is described in Exhibit A attached hereto. = Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 4 of 10 First American Title = SCHEDULE B SECTION I REQUIREMENTS The following requirements must be met: (A) Pay the agreed amounts for the interest in the land and/or the mortgage to be insured. (B) Pay us the premiums, fees and charges for the policy. (C) Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded: (D) You must tell us in writing the name of anyone not referred to in this Commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions. (E) Releases(s) or Reconveyance(s) of Item(s): (F) Other: (G) You must give us the following information: 1. Any off record leases, surveys, etc. 2. Statement(s) of Identity, all parties. 3. Other: SCHEDULE B SECTION II GENERAL EXCEPTIONS PART ONE: A. 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. B. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. C. Easements, claims of easement or encumbrances which are not shown by the public records. D. 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. E. (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; 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. F. Any lien, or right to a lien, for services, labor or materials or medical assistance heretofore or hereafter furnished, imposed by law and not shown by the public records. G. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs for sewer, water, garbage or electricity. H. 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 escrow or interest or mortgage(s) thereon covered by this Commitment. = Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 5 of 10 First American Title = SCHEDULE B SECTION II EXCEPTIONS PART TWO: Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction. The printed exceptions and exclusions from the coverage of the policy or policies are available from the office which issued this Commitment. Copies of the policy forms should be read. 1. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As of the date herein, the excise tax rate for the City of Renton is at 1.78 %. Levy/Area Code: 2152 2. General Taxes for the year 2017. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st. Tax Account No.: 334570001704 1st Half Amount Billed: $ 2,854.94 Amount Paid: $ 2,854.94 Amount Due: $ 0.00 Assessed Land Value: $ 298,000.00 Assessed Improvement Value: $ 130,000.00 2nd Half Amount Billed: $ 2,854.93 Amount Paid: $ 0.00 Amount Due: $ 2,854.93 Assessed Land Value: $ 298,000.00 Assessed Improvement Value: $ 130,000.00 3. Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer charges for sewer, water and public facilities of Coal Creek Utility District, King County, Washington as disclosed by instrument recorded under recording no. 20060707000722. 4. Deed of Trust and the terms and conditions thereof. Grantor/Trustor: David M Ogren, Jr, who acquired title as David M Ogren, an unmarried man, as his separate estate Grantee/Beneficiary: Mortgage Electronic Registration Systems, Inc., ''MERS'' solely as a nominee for Mortgage Master Service Corporation, its successors and assigns Trustee: Old Republic Title, Ltd. Amount: $254,000.00 Recorded: July 24, 2009 Recording Information: 20090724001192 According to the public records, the beneficial interest under the deed of trust was assigned to Bank of America, N.A. by assignment recorded March 03, 2015 as 20150303000758 of Official Records. 5. The land described in this commitment appears to be residential in nature and may be subject to the provisions of R.C.W. 6.13.010, et seq. (Homestead Statute) if the land is occupied as a Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 6 of 10 First American Title primary residence. If the land is occupied as a primary residence, R.C.W. 6.13.060 requires that all documents conveying or encumbering the land must be executed by each spouse or domestic partner, individually. Alternatively, the Company will accept a deed identifying the non-vested spouse occupying the property as the grantor and the vested spouse as the grantee. In the event that the Company receives documents to insure that are not executed as required, the Company may be unable to record or to insure the transaction. Please contact your Title Officer if you have any questions. 6. According to the application for title insurance, title is to vest in Tien Ha. If said party(ies) is/are married and we are to insure title as such, free of any interest of the spouse(s), we will require a deed of conveyance from the non-participating spouse(s). 7. Any and all offers of dedication, conditions, restrictions, easements, boundary discrepancies or encroachments, notes and/or provisions shown or disclosed by Short Plat or Plat of C.D. Hillman's Lake Washington Garden of Eden Addition to Seattle Division No. 7 recorded in Volume 16 of Plats, Page(s) 18. 8. Easement, including terms and provisions contained therein: Recorded: November 25, 1981 Recording Information: 8111250555 In Favor Of: Puget Sound Energy, Inc., a Washington corporation For: Electric transmission and/or distribution system 9. Easement, including terms and conditions contained therein: Granted to: Graham Construction, Inc. and William N. Graham, Jr., President, owner of Tract 8 For: Easement for ingress, egress, drainage and utilities Recorded: May 14, 1984 Recording Information: 8405140124 10. Easement, including terms and provisions contained therein: Recording Information: 9403180804 For: Ingress, egress, drainage, utilities and the location of structures = Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 7 of 10 First American Title = INFORMATIONAL NOTES A. 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 may be subject to the King County Sewage Treatment Capacity Charges. B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to standardization of recorded documents, certain format and content requirements must be met (refer to RCW 65.04.045). Failure to comply may result in rejection of the document by the recorder or additional fees being charged, subject to the Auditor's discretion. 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 premises 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 standardization requirements. The full text of the description must appear in the document(s) to be insured. TRACT 9, BLOCK 1, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADD. TO SEATTLE DIV. NO. 7, VOL. 16, P. 18, KING COUNTY APN: 334570001704 E. All matters regarding extended coverage have been cleared for mortgagee's policy. The coverage contemplated by this paragraph will not be afforded in any forthcoming owner's standard coverage policy to be issued. F. Manufactured Home Title Elimination Application recorded under Recording No. 9303310633, which recites that a manufactured (mobile) home is affixed to said premises. The forthcoming Mortgagee's Policy will include an ALTA 7-06 or ALTA 7.1-06 Endorsement. G. The following deeds affecting the property herein described have been recorded within 36 months of the effective date of this commitment: NONE Property Address: 2020 NE 40th Street, Renton, WA 98056 NOTE: The forthcoming Mortgagee's Policy will be the ALTA 2006 Policy unless otherwise noted on Schedule A herein. NOTE: We find no judgments or Federal tax liens against the vestee herein, unless otherwise shown as a numbered exception above. NOTE: A FEE MAY BE CHARGED UPON THE CANCELLATION OF THIS COMMITMENT PURSUANT TO WASHINGTON STATE INSURANCE CODE AND THE FILED RATE SCHEDULE OF THIS COMPANY. Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 8 of 10 First American Title CONDITIONS 1. DEFINITIONS (a)"Mortgage" means mortgage, deed of trust or other security instrument. (b)"Public Records" means title records that give constructive notice of matters affecting the title according to the state law where the land is located. 2. LATER DEFECTS The Exceptions in Schedule B - Section II may be amended to show any defects, liens or encumbrances that appear for the first time in the public records or are created or attached between the Commitment Date and the date on which all of the Requirements (a) and (c) of Schedule B - Section I are met. We shall have no liability to you because of this amendment. 3. EXISTING DEFECTS If any defects, liens or encumbrances existing at Commitment Date are not shown in Schedule B, we may amend Schedule B to show them. If we do amend Schedule B to show these defects, liens or encumbrances, we shall be liable to you according to Paragraph 4 below unless you knew of this information and did not tell us about it in writing. 4. LIMITATION OF OUR LIABILITY Our only obligation is to issue to you the Policy referred to in this Commitment, when you have met its Requirements. If we have any liability to you for any loss you incur because of an error in this Commitment, our liability will be limited to your actual loss caused by your relying on this Commitment when you acted in good faith to: comply with the Requirements shown in Schedule B - Section I or eliminate with our written consent any Exceptions shown in Schedule B - Section II. We shall not be liable for more than the Policy Amount shown in Schedule A of this Commitment and our liability is subject to the terms of the Policy form to be issued to you. 5. CLAIMS MUST BE BASED ON THIS COMMITMENT Any claim, whether or not based on negligence, which you may have against us concerning the title to the land must be based on this commitment and is subject to its terms. cc: Tien Ha cc: Ogren = Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 9 of 10 First American Title = First American Title Insurance Company 818 Stewart St, Ste 800 Seattle, WA 98101 Phn - (206)728-0400 (800)826-7718 Fax - Privacy Information We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: • Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; • Information about your transactions with us, our affiliated companies, or others; and • Information we receive from a consumer reporting agency. Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. Business Relationships First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. Cookies Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. -------------------------------------------------------------------------------- Fair Information Values Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Form 50-PRIVACY (9/1/10) Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation) Form No. 1068-2 Commitment No.: 4209-2851532 ALTA Plain Language Commitment Page 10 of 10 First American Title FIRST AMERICAN TITLE INSURANCE COMPANY Exhibit "A" Vested Owner: DAVID M. OGREN, JR., AS HIS SOLE AND SEPARATE PROPERTY Real property in the County of King, State of Washington, described as follows: TRACT 9, BLOCK 1, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE DIVISION NO. 7, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 16 OF PLATS, PAGE 18, IN KING COUNTY, WASHINGTON. Tax Parcel Number: 334570001704 Situs Address: 2020 NE 40th Street, Renton, WA 98056