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HomeMy WebLinkAboutL_Renton Title Report_ Apron E _ 190624_v2.pdf Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Face Page First American Title Insurance Company COMMITMENT FOR TITLE INSURANCE Issued by FIRST AMERICAN TITLE INSURANCE COMPANY First American Title Insurance Company, herein called the Company, for valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagor of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of the Commitment or by subsequent endorsement. This Commitment if preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate six (6) months after the effective date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the Company. This Commitment shall not be valid or binding until countersigned by an authorized officer or agent. IN WITNESS WHEREOF, the Company has caused this commitment to be signed and sealed, to become valid when countersigned by an authorized officer or agent of the Company, all in accordance with its By-Laws. This Commitment is effective as of the date shown in Schedule A as Effective Date. First American Title Insurance Company By: President Attest: Secretary By: Countersigned = RECEIVED 02/06/2020 amorganroth PLANNING DIVISION Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 1 First American Title Insurance Company = First American Title Insurance Company National Commercial Services 2101 Fourth Avenue, Suite 800, Seattle, WA 98121 (206)728-0400 - FAX (206)448-6348 Mike Cooper Vincent Nguyenpham (206)615-3107 (206)615-3267 mcooper@firstam.com vnguyenpham@firstam.com To: Boeing Realty Corporation File No.: NCS-339701-WA1 Triton Tower Two, MC 6R6-10, 700 S Renton Village Pl. Your Ref No.: 800 Park Ave. N Renton, WA 98055-3235 Attn: Jeff Adelson SCHEDULE A 1. Commitment Date: February 12, 2008 at 7:30 A.M. 2. Policy or Policies to be issued: AMOUNT PREMIUM TAX Standard Owner’s Coverage $ To Follow $ To Follow $ To Follow Proposed Insured: To Follow 3. The estate or interest in the land described on Page 2 herein is Fee Simple, and title thereto is at the effective date hereof vested in: The Boeing Company, a Delaware corporation 4. The land referred to in this Commitment is described as follows: The land referred to in this report is described in Exhibit "A" attached hereto. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 2 First American Title Insurance Company EXHIBIT ’A’ LEGAL DESCRIPTION: PARCEL A: A PORTION OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 7, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY WASHINGTON, LYING EASTERLY OF THE COMMERCIAL WATERWAY DISTRICT NO. 2 RIGHT-OF-WAY AND WESTERLY OF LOGAN STREET NORTH EXTENSION AS DEEDED TO THE STATE OF WASHINGTON, BY DEED RECORDED UNDER RECORDING NO. 3261297, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTH MARGIN OF 6TH AVENUE NORTH AND THE WEST MARGIN OF LOGAN STREET NORTH; THENCE NORTH 8934’11" WEST ALONG THE SOUTH MARGIN OF 6TH AVENUE NORTH, 674.91 FEET TO THE MOST NORTHERLY AND WESTERLY CORNER OF A TRACT OF LAND CONVEYED TO THE BOEING COMPANY, BY DEED RECORDED FEBRUARY 21, 1964 UNDER RECORDING NO. 5701683, AND THE TRUE POINT OF BEGINNING; THENCE CONTINUING NORTH 8934’1" WEST ALONG SAID SOUTH MARGIN, 441.54 FEET TO THE EASTERLY RIGHT-OF-WAY LINE OF COMMERCIAL WATERWAY DISTRICT NO. 2, AS CONDEMNED IN KING COUNTY SUPERIOR COURT CAUSE NO. 211409; THENCE SOUTH 1247’42" EAST ALONG SAID RIGHT-OF-WAY LINE, 328.72 FEET TO INTERSECTION WITH A LINE PARALLEL WITH AND 320.00 FEET SOUTH OF, MEASURED AT RIGHT ANGLES TO, THE SOUTH MARGIN OF 6TH AVENUE NORTH; THENCE SOUTH 8934’11" EAST ALONG SAID PARALLEL LINE, 366.34 FEET; THENCE NORTH 025’49" EAST 320.00 FEET TO THE TRUE POINT OF BEGINNING. EXCEPTING THEREFROM ANY PORTION LYING WITHIN STATE ROAD NO. 7, BY DEED RECORDED JUNE 27, 1910 UNDER RECORDING NO. 690659 IN KING COUNTY, WASHINGTON. PARCEL B: PORTION OF EAST HALF OF SECTION 7, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY, WASHINGTON, LYING EASTERLY OF THE CEDAR RIVER WATER WAY NO. 2 AND NORTHERLY OF NORTH 6TH STREET IN THE SOUTHEASTERLY QUARTER OF SAID SECTION; EXCEPT THAT PORTION FOR NORTHERN PACIFIC RAILWAY RIGHT-OF- WAY; EXCEPT STREETS; TOGETHER WITH VACATED LOGAN STREET LYING NORTHWESTERLY OF A LINE 30 FEET NORTHWESTERLY OF THE GOVERNMENT MEANDER LINE; TOGETHER WITH SECOND CLASS SHORE LANDS ADJACENT; Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 3 First American Title Insurance Company TOGETHER WITH THAT PORTION OF SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION; BEGINNING AT THE INTERSECTION OF SOUTH MARGIN OF NORTH 6TH STREET AND THE MARGIN OF LOGAN STREET NORTH; THENCE SOUTHERLY ALONG SAID STREET 995.34 FEET; THENCE SOUTH 89”18’45" WEST TO THE EASTERLY MARGIN OF CEDAR RIVER WATER WAY NO. 2; THENCE NORTH ALONG SAID MARGIN TO THE SOUTH MARGIN OF NORTH 6TH STREET; THENCE EAST TO THE POINT OF BEGINNING; EXCEPT THAT PORTION BEGINNING AT THE NORTHWEST CORNER THEREOF; THENCE SOUTHEASTERLY ALONG THE WESTERLY LINE 328.75 FEET; THENCE NORTH 89”45’45" EAST 366.34 FEET; THENCE NORTH 00”14’15" WEST TO THE SOUTHERLY MARGIN OF NORTH 6TH STREET; THENCE WEST TO THE POINT OF BEGINNING; EXCEPT THE SOUTH 137.70 FEET THEREOF; TOGETHER WITH PORTIONS OF THE NORTHWEST QUARTER OF SECTION 8, TOWNSHIP 23 NORTH, RANGE 5 EAST AND THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 23 NORTH, RANGE 5 EAST AND SOUTHWEST QUARTER OF SECTION 5, TOWNSHIP 23 NORTH, RANGE 5 EAST, LYING NORTHWESTERLY OF THE NORTHERN PACIFIC RAILWAY RIGHT-OF-WAY AND SOUTHWESTERLY OF A LINE BEGINNING AT THE INTERSECTION OF THE WESTERLY EXTENSION OF THE NORTH LINE OF GOVERNMENT LOT 1 WITH THE WEST MARGIN SAID RIGHT-OF-WAY; THENCE WEST 763.39 FEET; THENCE NORTH 43”06’56" WEST 680.06 FEET MORE OR LESS TO THE INNER HARBOR LINE; THENCE SOUTH 46”52’27" WEST ALONG SAID LINE 607.89 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 43”06’56" EAST 713.87 FEET; THENCE SOUTH 46”53’04" WEST 215 FEET; THENCE SOUTH 20”38’24" WEST TO THE NORTHWESTERLY MARGIN OF SAID NORTHERN PACIFIC RIGHT-OF- WAY; EXCEPT BURLINGTON NORTHERN OPERATING STRIP ADJOINING PORTION OF SOUTHEASTERLY LINE IN SAID SECTION 8, TOWNSHIP 23 NORTH, RANGE 5 EAST; EXCEPT ROAD NO. 7; TOGETHER WITH VACATED LOGAN STREET LYING NORTHERLY OF SPUR TRACKS; TOGETHER WITH BLOCK C LAKE WASHINGTON SHORE LANDS 3RD SUPPLEMENTAL; EXCEPT THAT PORTION CONVEYED TO CITY OF RENTON, A MUNICIPAL CORPORATION, BY DEED RECORDED AUGUST 17, 2006 AND DECEMBER 12, 2006 UNDER RECORDING NO’S. 20060817000676 AND 20061212000338 OF OFFICIAL RECORDS. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 4 First American Title Insurance Company SCHEDULE B - SECTION 1 REQUIREMENTS The following are the Requirements to be complied with: Item (A) Payment to or for the account of the Grantors or Mortgagors of the full consideration for the estate or interest to be insured. Item (B) Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record. Item (C) Pay us the premiums, fees and charges for the policy. Item (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 SCHEDULE B - SECTION 2 GENERAL EXCEPTIONS The Policy or Policies to be issued will contain Exceptions to the following unless the same are disposed of to the satisfaction of the Company. 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, interest, 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 person 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 public records. E. (1) Unpatented mining claims; (2) reservations or exceptions in patents or in acts authorizing the issuance thereof; (3) Water rights, claims or title to water; whether or not the matters excepted under (1), (2) or (3) are shown by the public records; (4) 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, materials or medical assistance theretofore 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 estate or interest or mortgages thereon covered by this Commitment. = Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 5 First American Title Insurance Company = SCHEDULE B - SECTION 2 (continued) SPECIAL EXCEPTIONS 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: 2100 For all transactions recorded on or after July 1, 2005: • A fee of $10.00 will be charged on all exempt transactions; • A fee of $5.00 will be charged on all taxable transactions in addition to the excise tax due. 2. General Taxes for the year 2008. Tax Account No.: 072305-9046-08 Amount Billed: $ 16,452.46 Amount Paid: $ 0.00 Amount Due: $ 16,452.46 Assessed Land Value: $ 1,681,400.00 Assessed Improvement Value: $ 0.00 (Affects Parcel No. A) 3. General Taxes for the year 2008. Tax Account No.: 072305-9001-01 Amount Billed: $ 1,938,298.20 Amount Paid: $ 0.00 Amount Due: $ 1,938,298.20 Assessed Land Value: $ 89,622,700.00 Assessed Improvement Value: $ 108,614,000.00 (Affects Parcel No. B) 4. Agreement to indemnify the United States of America against damages arising by reason of the lowering of Lake Washington, recorded January 3, 1907, under Recording No. 450952. (Affects Parcel No. B) 5. Agreement and the terms and conditions thereof: By: Puget Sound Power & Light Company, a Washington corporation; and Pacific Coast Railroad Company, a Washington corporation (formerly known and called Columbia & Puget Sound Railroad Company) Recorded: January 2, 1929 Recording No.: 2509355 Regarding: Joint usage of harbor area (Affects Parcel No. B) Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 6 First American Title Insurance Company 6. Matters that may be determined by examination of City of Renton Ordinance Nos. 1146 and 2201. Said Ordinances are not available for examination. (Affects Parcel No. B) 7. Easement, including terms and provisions contained therein: Recording Information: November 18, 1941 under Recording No. 3204562 In Favor of: Pacific Coast R.R. Co. For: Spur track Affects: (Parcel B) portion of said premises 8. Easement, including terms and provisions contained therein: Recording Information: May 19, 1942 under Recording No. 3241098 In Favor of: State of Washington For: Public road and highway Affects: (Parcel B) as described therein The location of the easement cannot be determined from record information. 9. Easement, including terms and provisions contained therein: Recording Information: January 27, 1943 under Recording No. 3289034 In Favor of: The City of Renton For: Drainage pipeline Affects: (Parcel B) portion of said premises 10. The terms and provisions contained in the document entitled Permit, executed by and between The City of Seattle, a municipal corporation and The City of Renton, recorded March 29, 1943 as Instrument No. 3299638 of Official Records. (Affects Parcel No. B) 11. Easement, including terms and provisions contained therein: Recording Information: December 2, 1943 under Recording No. 3352228 In Favor of: Northern Pacific Railway Company For: Railroad tracks Affects: (Parcel B) as described therein The location of the easement cannot be determined from record information. 12. Easement, including terms and provisions contained therein: Recording Information: December 2, 1943 under Recording No. 3352229 In Favor of: Northern Pacific Railway Company, a Wisconsin corporation For: Construct, maintaining and operating a track connecting Affects: (Parcel B) as described therein The location of the easement cannot be determined from record information. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 7 First American Title Insurance Company 13. Easement, including terms and provisions contained therein: Recording Information: August 9, 1951 under Recording No. 4166571 In Favor of: Renton School District No. 403 For: Sewer Affects: (Parcel B) portion of said premises 14. Easement, including terms and provisions contained therein: Recording Information: July 20, 1956 under Recording No. 4713420 In Favor of: Renton School District No. 403, a municipal corporation For: Sewer Affects: (Parcel B) portion of said premises The location of the easement cannot be determined from record information. 15. Easement, including terms and provisions contained therein: Recording Information: May 15, 1957 under Recording No. 4797325 For: Electric transmission line Affects: (Parcel B) portion of said premises 16. Easement, including terms and provisions contained therein: Recording Information: September 5, 1961 under Recording No. 5325652 In Favor of: City of Renton, a municipal corporation For: To construct, operate and maintain a public street and highway Affects: (Parcel B) portion of said premises 17. Easement, including terms and provisions contained therein: Recording Information: January 17, 1986 under Recording No. 8601170666 In Favor of: Puget Sound Power & Light Company, a Washington corporation For: Construct, maintain, repair replace and enlarge guy wires and anchors Affects: (Parcel B) portion of said premises 18. The terms, provisions and easement(s) contained in the document entitled "Recreational Trail Easement and Agreement" recorded September 17, 1992 as Recording No. 9209171541 of Official Records. (Affects Parcel No. B) 19. The terms and provisions contained in the document entitled Amendment to Bridge Permit, executed by and between Boeing Commercial Airplane Group, a division of The Boeing Company, a Delaware corporation and the City of Renton, a municipal corporation, recorded September 17, 1992 as Instrument No. 9209171553 of Official Records. (Affects Parcel No. B) 20. The terms and provisions contained in the document entitled Agreement and License for Extension of Boeing Domestic Water and Compressed Air Supply Lines, executed by and between Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 8 First American Title Insurance Company The City of Renton, a municipal corporation and The Boeing Company, by and through its division, Boeing Commercial Airplane Group, recorded February 3, 1994 as Instrument No. 9402030678 of Official Records. (Affects Parcel No. B) 21. Covenants, conditions, restrictions and/or easements: Recorded: November 17, 2000 Recording No.: 20001117000535 22. Covenants, conditions, restrictions and/or easements: Recorded: November 17, 2000 Recording No.: 20001117001354 (Affects Parcel No. A) 23. The terms and provisions contained in the document entitled Development Agreement, executed by and between The Boeing Company, a Delaware corporation and The City of Renton, a municipal corporation, recorded August 2, 2002 as Instrument No. 20020802000224 of Official Records. (Affects Parcel No. A) 24. Easement, including terms and provisions contained therein: Recording Information: May 30, 2003 under Recording No. 20030530001413 In Favor of: Puget Sound Energy, Inc., a Washington corporation For: Transmission, distribution and sale of electricity Affects: (Parcel B) portion of said premises 25. The terms and provisions contained in the document entitled Development Agreement for Renton Plant Redevelopment, executed by and between The Boeing Company, a Delaware corporation and The City of Renton, a municipal corporation, recorded December 10, 2003 as Instrument No. 20031210001637 of Official Records. 26. Covenants, conditions, restrictions and/or easements: Recorded: December 28, 2004 Recording No.: 20041228001871 27. The terms, provisions and easement(s) contained in the document entitled "Temporary Stormwater Facility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001862 of Official Records. (Affects Parcel No. B) 28. The terms, provisions and easement(s) contained in the document entitled "Utility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001863 of Official Records. (Affects Parcel No. B) Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 9 First American Title Insurance Company 29. The terms, provisions and easement(s) contained in the document entitled "Water Line Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001864 of Official Records. (Affects Parcel No. B) 30. The terms, provisions and easement(s) contained in the document entitled "Utility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001865 of Official Records. (Affects Parcel No. B) 31. The terms, provisions and easement(s) contained in the document entitled "Temporary Access and Utility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001866 of Official Records. (Affects Parcel No. B) 32. The terms, provisions and easement(s) contained in the document entitled "Temporary Stormwater Facility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001867 of Official Records. (Affects Parcel No. B) 33. The terms, provisions and easement(s) contained in the document entitled "Water Line Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001868 of Official Records. (Affects Parcel No. B) 34. The terms, provisions and easement(s) contained in the document entitled "Water Line Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001869 of Official Records. (Affects Parcel No. B) 35. The terms, provisions and easement(s) contained in the document entitled "Temporary Stormwater Facility Easement Agreement" recorded December 28, 2004 as Recording No. 20041228001870 of Official Records. (Affects Parcel No. B) 36. Covenants, conditions, restrictions and/or easements: Recorded: December 28, 2004 Recording No.: 20041228001871 (Affects Parcel No. B) 37. The terms and provisions contained in the document entitled Strander Agreement, executed by and between The Boeing Company, a Delaware corporation and The City of Renton, a municipal corporation, recorded April 20, 2006 as Instrument No. 20060420001032 of Official Records. 38. Mechanics Lien. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 10 First American Title Insurance Company Claimant: G & W Commercial Flooring, Inc. Against: Millenium Building Amount: $1,326.45 For: Labor and/or Materials and/or Equipment Date Work Commenced: September 26, 2007 Date Work Ceased: September 27, 2007 Recorded: December 20, 2007 Recording No.: 20071220000512 (Affects Parcel No. B) 39. Mechanics Lien. Claimant: Straight Line Striping, Inc. Against: Millennium Building Company, Inc. Amount: $4,221.70 For: Labor and/or Materials and/or Equipment Date Work Commenced: October 1, 2007 Date Work Ceased: October 18, 2007 Recorded: January 11, 2008 Recording No.: 20080111001220 Document(s) declaring modifications thereof recorded January 18, 2008 as Recording No. 20080118001094 of Official Records. (Affects Parcel B and other property) 40. Any question as to the true location of the lateral boundaries of the Second Class Tide Lands. 41. Rights of the general public to the unrestricted use of all the waters of a navigable body of water not only for the primary purpose of navigation, but also for corollary purposes; including (but not limited to) fishing, boating, bathing, swimming, water skiing and other related recreational purposes, as those waters may affect the tidelands, shorelands or adjoining uplands and whether the level of the water has been raised naturally or artificially to a maintained or fluctuating level, all as further defined by the decisional law of this state. (Affects all of the premises subject to such submergence) 42. Title to vest in an incoming owner whose name is not disclosed. Such name must be furnished to us so that a name search may be made. 43. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and rights of tenants, and secured parties to remove trade fixtures at the expiration of the term. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 11 First American Title Insurance Company INFORMATIONAL NOTES A. 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. 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 premises and First American expressly disclaims any liability which may result from reliance made upon it. C. If this preliminary report/commitment was prepared based upon an application for a policy of title insurance that identified land by street address or assessor’s parcel number only, it is the responsibility of the applicant to determine whether the land referred to herein is in fact the land that is to be described in the policy or policies to be issued. 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. Ptn Sec 5 Twp 23N Rge 05E, SW Qtr, Ptn Sec 6 Twp 23N Rge 05E, SE Qtr, Ptn Sec 7, Twp 23N Rge 05E and Ptn Sec 8 Twp 23N Rge 05E, NW Qtr APN: 072305-9046-08 APN: 072305-9001-01 E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State Insurance Code and the filed Rate Schedule of the Company. END OF SCHEDULE B Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 12 First American Title Insurance Company First American Title Insurance Company National Commercial Services COMMITMENT Conditions and Stipulations 1. The term "mortgage" when used herein shall include deed of trust, trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of a defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment, other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act or reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclosure such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option, may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of Policy or Policies committed for, and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the Policy or Policies committed for and such liability is subject to the Insuring provisions, exclusion from coverage, and the Conditions and Stipulations of the form of Policy or Policies committed for in favor of the proposed Insured which are hereby incorporated by references, and are made a part of this Commitment except as expressly modified herein. 4. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest or the lien of the Insured mortgage covered hereby or any action asserting such claim, shall be restricted to the provisions and Conditions and Stipulations of this Commitment. Form WA-5 (6/76) File No.: NCS-339701-WA1 Commitment Page No. 13 First American Title Insurance Company The First American Corporation First American Title Insurance Company National Commercial Services PRIVACY POLICY 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 parent company, The First American Corporation, 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 which 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, a copy of which can be found on our website at www.firstam.com. 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. c 2001 The First American Corporation - All Rights Reserved See Detail "C" Detail "C" This map may or may not be a survey of the land depicted hereon.You should not rely upon it for any purpose other than orientationto the general location of the parcel or parcels depicted. FirstAmerican Title expressly disclaims any liability for alleged loss ordamage which may result from reliance upon this map. Reference No.: 339701 County: King Tax ID: 072305-9001 & 9046 Short Legal: A Portion of County of King / Map NotTo Scale Plotted Easements Legend PARCEL A PARCEL B 11/18/1941 # 3204562 (Construction) 01/27/1943 # 3289034 (Drainage Pipeline) 05/15/1957 # 4797325 (Electric Transmission Line) 09/05/1961 # 5325652 (Public Street) 05/30/2003 # 0530001413 (Transmission, Anchor)