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Home My WebLink AboutL_Title_Report_170407_v1Form WA -5 (6/76) Commitnwt Face Page File No.: NCS-781158-WAI COMMITMENT FOR TITLE INSURANCE Issued by FIRST AMERICAN TITLE INSURANCE COMPANY First American Tide 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, 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 Tide Insurance Company 0"rwsJ. Giolof0 Presmemt J� Jeffrey S. Robinson Secretary First Ameriran The Insurance Comdan v Forth WA -5 (6/76) CDMM!bnent `QSZ First American Title Insurance Company National Commercial Services 818 Stewart Street, Suite 800, Seattle, WA 98101 (206)728-0400 - (800)526-7544 FAX (206)448-6348 Chantale A. Stiller -Anderson (206)448-6286 cstiller@firstam.com Chantale A. Stiller -Anderson (206)448-6286 csdller@firstam.com To: Harbour Homes LLC 1441 N 34th St Ste 200 Seattle, WA 98103 1. 2. 3. 4 Attn: 3amie Walber THIRD REPORT SCHEDULE A Commitment Date: January 04, 2017 at 7:30 A.M. Policy or Policies to be issued: File No.: NCS-781158-WA1 Page No. 1 Tem Nugent (206)615-3041 tnugent@firstam.com Tem Nugent (206)615-3041 tnugent@firstam.com File No.: NCS-781158-WAl Your Ref No.: Smith AMOUNT PREMIUM TAX Extended Owner's Coverage $ 1,008,000.00 $ To Be Determined $ To Be Determined Proposed Insured: Harbour Homes, LLC, a Washington limited liability company, and/or assigns 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: Gerald C. Smith and Catherine M. Smith, Husband and Wife 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) Commkment EXHIBIT 'A' LEGAL DESCRIPTION: File No.: NCS-781158-WA1 Page No. 2 LOT 6, BLOCK 3, CEDAR PARK FIVE ACRE TRACTS, ACCORDING TO PLAT THEREOF RECORDED IN VOLUME 15 OF PLATS, PAGE 91, RECORDS OF KING COUNTY, WASHINGTON. First American Title Insurance Company Fpm WA -5 (6/76) Commitment SCHEDULE B - SECTION 1 REQUIREMENTS The following are the Requirements to be compiled with; Fife No.. NGS-78IM-WAl Page No. 3 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. First American rile Insurance Company Form WA -5 (6/76) Cornmilnmt SCHEDULE B - SECTION Z (continued) SPECIAL EXCEPTIONS File No.: NCS-781158 Page No. 4 � unpaid. As of the date herein, the excise tax rate far the Gly of Renton is at 1.78%. O Levy/Area Code: 2162 For all transactions recorded on or after Jury 1, 2005: • A fee of will be charged on all exempt transactions; • A fee of will be charged on all taxable transactions in addition to the excise tax due. This item has been intentionally deleted. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RQN 35.58 and King County Code 28.64.050. Said charges mull apply for any properly that connected to the King County Sewer Service area on or after February 1, 1990. Note: Properties lasted in Snohomish County and Pierce County may be subject to the King County Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or fapChargeEsaow@kingoouMy.gov. This item has been intentionally deleted. Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained f'�/ and/or delineated on the face of the Plat of Cedar Park Five Acre Tracts recorded in Volume 15 of U� Plats, Page 91, in King County, Washington. The berms and provisions contained in the document entitled "Ordinance Na. 5465" recorded November O5, 2009 as Recording No. 20091105000541 of Official Records. My defects, liens, encumbrances or other matters which name parties with the same or similar names as Gerald C. Smith and Catherine M. Smith. The name search necessary to ascertain the existence of such matters has not been completed. In order to complete this preliminary report or commitment, we will require a statement of information. Evidence of the authority of the individual(s) to execute the forthcoming document for Harbour Homes, LLC, a Washington limited liability company, copies of the current operating agreement should be submitted onar m dosing. Title is also to vest in persons shown as "and/or assigns" on the application for title insurance, whose identity has not been revealed and when so vested will then be subject to matters which may be disclosed by a search of the records against their names. Matters of extended owner/purchaser coverage which are dependent upon an inscectian and an ALTA survey of the property for determination of insurability. 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: 2162 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 #ransactions in addition to the excise tax due. This item has been intentionally deleted, Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW 35.58 and King County Code 28.64.050. 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 and Pierce County may be subject to the King County Sewage Treatment Capacity Charges. To verify charges contact: (206} 296-1450 or CapChargeFscrow@kingcounty.gov. This item has been intentionally deleted. 5. conditions, dedications, notes, easements and provisions, if any, as contained and/or delineated on the face of the Plat of Cedar Park Five Acre Tracts recorded in Volume 15 of Plats, Page 91, in King County, Washington. The terms and provisions contained in the document entified "Ordinance No. 5465" recorded November 05, 2009 as Recording No. 20091105000541 of Offidal Records. Any defects, liens, encumbrances or other matters which name parties with the same or similar names as Gerald C. Smith and Catherine M. Smith. The name search necessary to ascertain the existence of such matters has not been completed. In order to complete this preliminary report or commitment, we will require a statement of information. Evidence of the authority of the individuals) to execute the forthcoming document for Harbour Homes, LLC, a Washington limited liability company, copies of the current operating agreement should be submitted prior to dosino. Title is also to vest in persons shown as "and/or assigns" on the application for title insurance, whose identity has not been revealed and when so vested will then be subject to matters which may be disclosed by a search of the retards against their names. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an ALTA survey of the property for determination of insurability. First American Title Insurance Company �RQ �ec5 Form WA -5 (6/76) Commitment File No.. NCS -781158 -WAS Page No. 5 Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will be held pending our review of the ALTA Survey and the result of said inspection will be furnished by supplemental report. 11. 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. 12. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be completed and submitted to the Company for approval prior to dosing. The Company reserves the right to make any additional requirement as warranted. 13. General Taxes for the year 2017, in an amount not yet available, which cannot be paid until February 15, 2017. Tax Account No.: 145750-0110-02 Note: Taxes and charges for 2016 were paid in full in the amount of $4,998.66. Firct Amari. -.2n Ti}/a rncurmni !-'mmnmmt