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Home My WebLink About0036146-06 Hyperlinked CommitmentSUBDIVISION Guarantee/Certificate Number: Issued By: 0036146-06 Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:38 AM Page 1 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Ramsey Signs herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured shall sustain by reason of any incorrectness in the assurances set forth in Schedule A. LIABILITY EXCLUSIONS AND LIMITATIONS 1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A or with respect to the validity, legal effect or priority of any matter shown therein. 2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount set forth in Schedule A. Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you wish additional liability, or assurances other than as contained herein, please contact the Company for further information as to the availability and cost. Chicago Title Company of Washington 701 5th Avenue, Suite 2300 Seattle, WA 98104 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent President Attest: Secretary CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 ISSUING OFFICE: Title Officer: Commercial / Unit 6 Chicago Title Company of Washington 701 5th Avenue, Suite 2300 Seattle, WA 98104 Main Phone: (206)628-5610 Email: CTISeaTitleUnit6@ctt.com SCHEDULE A Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 2 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 Liability Premium Tax $1,000.00 $500.00 $47.50 Effective Date: April 2, 2015 at 12:00 AM The assurances referred to on the face page are: That, according to those public records which, under the recording laws, impart constructive notice of matter relative to the following described property: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF Title to said real property is vested in: FPA4 Glen at Emerald, LLC, a Delaware limited liability company subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their priority. END OF SCHEDULE A EXHIBIT "A" Legal Description Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 3 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 Parcel A: Lot 1 and 2, King County Short Plat Number 582061, recorded under recording number 8304270912, in King County, Washington; Except that portion of Lot 2 of said short plat, described as follows: Beginning at the Northeast corner of said short plat; Thence South 01°55'38" West 337.50 feet; Thence North 19°52'54" West 363.38 feet; Thence South 88°07'33" East 135.00 feet to the point of beginning; (Also known as Parcels A and B of King County Lot Line Adjustment recorded under recording number 8503220887). Parcel B: Lot 3, King County Short Plat Number 784087, recorded under recording number 8502250488, in King County, Washington. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 4 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 5 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 SPECIAL EXCEPTIONS 1.Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. 2.Easement condemed in the United States District Court and the terms and conditions thereof: In favor of: United States of America Purpose: Electic Transmission Line Affects: Portion of said premises lying within a strip of land 250 feet in width Cause Number: 328 Note: A portion of the property affected by said easement was released by instrument recorded under recording number 8708170114. 3.Easement and the terms and condition thereof: Disclosed by: Warranty Deed Purpose: Drainage ditch Affects: the description contained therein is not sufficent to determine its exact location within the property herein described. Recorded: May 29,1953 Recording Number: 4349507 4.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Cascade Sewer District Purpose: Sewer Mains Recording Date: December 13, 1979 Recording No.: 7912130108 Affects: portion of said premises Counterparts of said easement also were recorded under recording numbers 7912130109 and 7912130110. 5.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: King County Purpose: Public right-of-way Recording Date: August 14, 1984 Recording No.: 8408140952 Affects: Portion of Parcel B 6.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Washington Natural Gas Company Purpose: Gas pipeline(s) Recording Date: December 17, 1984 Recording No.: 8412170656 Affects: The east 10 feet of the west 25 feet of Lot 1 of Short Plat recorded under recording number 8304270912 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 6 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 7.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: King County Water District No. 58 Purpose: Water mains Recording Date: February 22, 1985 Recording No.: 8502220644 Affects: Portions of Parcel A 8.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Power & Light Company Purpose: Electric transmission line Recording Date: March 1, 1985 Recording No.: 8503010815 Affects: Portion of Parcel A 9.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: King County Purpose: Utilities Recording Date: March 22, 1985 Recording No.: 8503220886 Affects: Portion of Parcel B 10.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: King County Purpose: Utilities Recording Date: April 19, 1985 Recording No.: 8504190802 Affects: Portion of Parcel B 11.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Cascade Sewer District Purpose: Sewer mains Recording Date: April 4, 1986 Recording No.: 8604040167 Affects: Portions of Parcel A 12.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Jackson Development, Inc. Purpose: Drainage pipe Recording Date: October 27, 1988 Recording No.: 8810271291 Affects: Portion of Parcel B CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 7 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 13.Agreement Water Easement Agreement Executed by: Foxwood Partners and Soos Creek Water and Sewer District, a Municipal corporation of King County Recording Date: February 23,1995 Recording No.: 9502230772 Affects: Portion of Parcel A 14.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Comcast of Washington IV, Inc., its successors and assigns Purpose: Broadband communications system Recording Date: August 11, 2010 Recording No.: 20100811000138 Affects: Portions of Parcels A, B and other property 15.Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Short Plat: Recording No: 8304270912 16.Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Short Plat : Recording No: 8502250488 17.Reservations and recitals contained in the Deed as set forth below: From: A.F. Plant and Inez L. Plant, husband and wife and Franklin D. Plant and Evelyn Plant, husband and wife Recording Date: May 29, 1953 Recording No.: 4349507 Said document provides for, among other things, the following: Excepting and reserving unto the sellers, their heirs, successors and assigns forever all minerals of any nature whatsoever, including coal, iron, natural gas and oil, upon or in said land together with the use of such of the surface thereof as may be necessary for exploring for and mining or otherwise extracting and carrying away the same; but the sellers, their heirs, successors and assigns, shall pay to the Grantees, their heirs, successors and assigns, the market value at the time of mining operations are commenced of such portion of the surface as may be used for such operations or injured thereby, including any improvements thereon. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 8 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 18.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed In favor of: King County Recording Date: April 23, 1968 Recording No.: 6337468 Affects: Portion of Parcel A and B 19.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed In favor of: King County Recording Date: August 14, 1984 Recording No.: 8408140952 Afftects: Potion of Parcel B 20.Matters disclosed by a survey of said premises by Crones & Assoc. Land Surveyors, dated November 14, 2007, under Job No. Pasco-01A.DWG as follows: Location of fence in relation to the east line of said premises. Location of fences in relation to the west line of Parcel A. 21.General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties): Year: 2015 Tax Account No.: 282305-9024-09 Levy Code: 2128 Assessed Value-Land: $3,880,900.00 Assessed Value-Improvements: $13,509,100.00 General and Special Taxes: Billed: $225,678.63 Paid: $0.00 Unpaid: $225,678.63 Note: if the tax amount is not evenly divisible into two payments, King County will require the half payment be rounded up to the next cent. Failure to round up the half payment may result in rejection of the tax payment by the County 22.Memorandum of Lease, including the terms and conditions thereof: Lessor: Granite Madison Apartments, LLC Lessee: Automatic Laundry Company, LTD Recorded: June 30, 2004 Recording Number: 20040630000445 Affects: Laundry facilites on Parcel A and B CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 9 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 23.A deed of trust to secure an indebtedness in the amount shown below, Amount: $30,524,000.00 Dated: June 11, 2014 Trustor/Grantor: FPA4 Glen at Emerald, LLC, a limited liability company organized and existing under the laws of Delaware Trustee: Old Republic Title LTD Beneficiary: Holliday Fenoglio Fowler, L.P., a limited partnership organized and existing under the laws of Texas Loan No.: 708107923 Recording Date: June 11, 2014 Recording No.: 20140611001628 Affects: includes other property An assignment of the beneficial interest under said deed of trust which names: Assignee: Federal Home Loan Mortgage Corporation, a corporation organized and existing under the laws of the United States Loan No.: 708107923 Recording Date: June 11, 2014 Recording No.: 20140611001629 An assignment of the beneficial interest under said deed of trust which names: Assignee: Wilmington Trust National Association, as Trustee for the Registered Holders of Barclays Commercial Mortgage Securities LLC, Multifamily Mortgage Pass-Through Certificates, Series 2014-K716 Loan No.: 708107923 Recording Date: October 1, 2014 Recording No.: 20141001000716 24.A financing statement as follows: Debtor: FPA4 Glen at Emerald, LLC Secured Party: Federal Home Loan Mortgage Corpration Recording Date: June 11, 2014 Recording No.: 20140611001630 Affects: includes other property A change to the above financing statement was filed: Nature of Change: Assignment into Wilmington Trust National Association, as Trustee for the Registered Holders of Barclays Commercial Mortgage Securities LLC, Multifamily Mortgage Pass-Through Certificates, Series 2014-K716 Recording Date: October 1, 2014 Recording No.: 20141001000717 25.Terms and conditions of the limited liabilty company for FPA4 Glen at Emerald, LLC., a Delaware limited liability company. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0036146-06 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 04.13.15 @ 09:39 AM Page 10 WA-CT-FNSE-02150.622476-SPS-1-15-0036146-06 26.Your application for title was placed by reference to only a street address or tax identification number. Based on our records, we believe that the legal description in this report covers the parcel(s) of Land that you requested. If the legal description is incorrect, must notify the Company and/or the settlement company in order to prevent errors and to be certain that the correct parcel(s) of Land will appear on any documents that may be recorded. Note: FOR INFORMATIONAL PURPOSES ONLY: The following may be used as an abbreviated legal description on the documents to be recorded, per Amended RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal description within the body of the document: Lots1 & 2, KCSP 582061, Rec No. 8304270912 and Lot 3, KCSP 784087, Rec No. 8502250488. Tax Account No.: 282305-9024-09 Note: Any map furnished with this Commitment is for convenience in locating the land indicated herein with reference to streets and other land. No liability is assumed by reason of reliance thereon. END OF SCHEDULE B