Loading...
HomeMy WebLinkAboutL_Title_Report_180301_v2LITIGATION/TRUSTEE'S SALE/CONTRACT FORFEITURE Guarantee Number: Issued By: 0100605-ETU - FOURTH Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 1 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Norman Green SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF,CHICAGO TITLE INSURANCE COMPANY, a Florida corporation, herein called the Company, guarantees the Assured against loss not exceeding the liability amount stated in Schedule A which the Assured shall sustain by reason of any incorrectness in the assurance which the Company hereby gives that, according to the public records, on the Date of Guarantee stated in Schedule A, the title to the herein described estate or interest was vested in the vestee named, subject to the matters shown as Exceptions in Schedule B, which Exceptions are not necessarily shown in the order of their priority. This Guarantee shall not be valid or binding until countersigned below by an authorized signatory of the Company. Chicago Title Company of Washington 10500 NE 8th St., Suite 600 Bellevue, WA 98004 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent President Attest: Secretary Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 2 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH ISSUING OFFICE: Title Officer: Eastside Title Unit Chicago Title Company of Washington 10500 NE 8th St., Suite 600 Bellevue, WA 98004 Main Phone: (425)646-9883 Email: CTIBellevueETU@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $350.00 $35.00 Effective Date: February 5, 2018 at 08:00 AM 1. Assured:Norman Green 2. The estate or interest in the land hereinafter described or referred to covered by this Guarantee is: FEE SIMPLE 3. Title to the estate or interest in the land is at the date hereof is vested in: Norman William Green and Cynthia Ann Green, who also appear of record as Norman Green and Cynthia Green, husband and wife 4. The land referred to in this Guarantee situated in the County of King, State of Washington, and is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF END OF SCHEDULE A EXHIBIT "A" Legal Description Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 3 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU For APN/Parcel ID(s):152305-9219-09 THE EAST 35 FEET OF LOT 3 AND ALL OF LOT 4, KING COUNTY SHORT PLAT NUMBER 881050, RECORDED UNDER RECORDING NUMBER 8201220536, IN KING COUNTY, WASHINGTON. TOGETHER WITH THE EAST 30 FEET OF THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 15, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY, WASHINGTON. SITUATE IN THE COUNTY OF KING, STATE OF WASHINGTON. CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH SCHEDULE B Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 4 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU THE TITLE TO SAID ESTATE OR INTEREST IS SUBJECT TO THE FOLLOWING EXCEPTIONS: GENERAL EXCEPTIONS: H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. SPECIAL EXCEPTIONS: 1.Reservations of oil, coal, gas and minerals and/or mineral rights of any nature, and right of entry to explore same, and the terms and conditions thereof, contained in the deed: Recording Date: February 2, 1943 Recording No.: 3289983 2.Easement(s) and the terms and conditions thereof: In favor of: Puget Sound Power & Light Company, a Washington Corporation Purpose: Electric transmission and/or distribution system Recording Date: February 3, 1982 Recording No.: 8202030639 3.Easement(s) and the terms and conditions thereof: In favor of: Pacific Northwest Bell Telephone Company, a Washington corporation Purpose: Underground communication lines Recording Date: March 29, 1982 Recording No.: 8203290514 4.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 the Lot Line Adjustment: Recording No.: 885073 5.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 the Short Plat Number 881050: Recording No: 8201220536 CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH SCHEDULE B (continued) Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 5 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU 6.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 the Survey: Recording No: 9511139004 7.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: 2018 Tax Account Number: 152305-9219-09 Levy Code: 2145 Assessed Value-Land: $273,000.00 Assessed Value-Improvements: $293,000.00 General and Special Taxes: Billed: $7,461.37 Paid: $0.00 Unpaid: $7,461.37 8.A deed of trust to secure an indebtedness in the amount shown below, Amount: $88,000.00 Dated: July 18, 2013 Trustor/Grantor: Norman Green, who acquired title as Norman William Green, and Cynthia Green, who acquired title as Cynthia Ann Green, husband and wife Trustee: Regional Trustee Services Corporation Beneficiary: Boeing Employees' Credit Union Loan No: 2007484857 Recording Date: July 24, 2013 Recording No.: 20130724000164 The Deed of Trust set forth above is purported to be a "Credit Line" Deed of Trust. It is a requirement that the Trustor/Grantor of said Deed of Trust provide written authorization to close said credit line account to the Lender when the Deed of Trust is being paid off through the Company or other Settlement/Escrow Agent or provide a satisfactory subordination of this Deed of Trust to the proposed Deed of Trust to be recorded at closing. An agreement recorded February 5, 2014 at 20140205000200 which states that this instrument was subordinated to the document or interest described in the instrument Recording Date: February 5, 2014 Recording No: 20140205000199 CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH SCHEDULE B (continued) Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 6 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU 9.A deed of trust to secure an indebtedness in the amount shown below, Amount: $177,800.00 Dated: January 30, 2014 Trustor/Grantor: Norman William Green, also known of record as Norman Green, and Cynthia Ann Green, also known of record as Cynthia Green, husband and wife Trustee: FNT Multi-State Refinance Dept-Tacoma Beneficiary: Mortgage Electronic Registration Systems, Inc., solely as nominee for Boeing Employees' Credit Union Loan No: 210438 Recording Date: February 5, 2014 Recording No.: 20140205000199 10.State tax warrant for the amount shown below and any other amounts due: Debtor: Cynthia A. Green Creditor: Employment Security Department Amount: $3,508.80 Filed: April 22, 2015 Warrant No.: Not Disclosed Judgment No.: 15-9-08588-9 Caes No.: 15-2-09735-1 The effect of said matter(s) depends upon the identity of the debtor. Please have the confidential information statement(s) attached to this Commitment completed and returned to this office at least three days prior to close in order for the company to make a final determination as to the effect of said matters. NOTES: 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: PTN. LT. 3 & ALL LT. 4, KING COUNTY SPL. 881050; REC NO 8201220536 Tax Account No.: 152305-9219-09 Note: The Public Records indicate that the address of the improvement located on said Land is as follows: 5008 NE 2nd Street Bellevue, WA 98009 END OF SCHEDULE B CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH SCHEDULE C INFORMATION FOR THE ASSURED Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 7 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU 1. This Guarantee is restricted to the use of the Assured solely for the purpose of providing information to facilitate the commencement of a suit at law or foreclosure pursuant to RCW 61.24 of a mortgage described in Schedule B affecting the land described in Schedule A. The Company shall have no liability for any reliance hereon except for the purpose for which this Guarantee is issued. This Guarantee is neither a commitment nor an obligation by the Company to issue any policy or policies of title insurance insuring said land, and it is not to be used as a basis for closing any transaction affecting title to said land. 2. Upon request WITHIN SIXTY (60) DAYS from the effective date of this Guarantee, the Company will extend the effective date of this Guarantee by endorsement to include the filing of any complaint and recording of Notice of Lis Pendens, recording of Notice of Intent to Forfeit Real Estate Contract, or recording of the Notice of Trustee’s Sale. Such an endorsement will show as additional exceptions, and therefore exclude from coverage, those matters attaching subsequent to the effective date of the Guarantee but prior to the issuance of the endorsement. 3. Upon request on the thirtieth (30th) day preceding the date set for the forfeiture of real estate contract, or trustee’s sale, the Company will issue an endorsement identifying federal tax liens, if any, affecting the land described in Schedule A. THE RESPONSIBILITY, HOWEVER, FOR DETERMINING THE THIRTIETH (30TH) DAY BEFORE THE SALE OR FORFEITURE, AND FOR MAKING THE REQUEST ON THAT SAME DAY, IS BORNE BY THE ASSURED. 4. The Company may, BUT IS NOT OBLIGATED TO, issue additional endorsements extending the effective date of the Guarantee at the request for the Assured. The Company will not, and accepts no obligation to, issue an endorsement extending the effective date to, or beyond, the date of any sale of the premises, recording of a Declaration of Forfeiture or a Real Estate Contract, trustee’s sale or deed in lieu thereof. 5. Attention is called to the Servicemembers Civil Relief Act (108 P.L. 189; 117 Stat. 2835; 2003 Enacted H.R. 100) and amendments thereto which contain inhibitions against the sale of land under a deed of trust if the owner is entitled to the benefits of said Act. 6. Attention is called to the Federal Tax Lien Act of 1966 and amendments thereto which, among other things, provides for the giving of written notice of sale or forfeiture in a specified manner to the Secretary of the Treasury or his delegate as a requirement for the discharge or divestment of a federal tax lien in a non-judicial sale or forfeiture, and establishes with respect to such lien a right in the United States to redeem the property within a period of one hundred twenty (120) days from the date of any such sale or forfeiture. CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 8 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU EXCLUSIONS FROM COVERAGE The following mailers are expressly excluded from the coverage of this Guarantee: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation effecting the land has been recorded in the public records at Date of Guarantee. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Guarantee. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Guarantee. 3. Defects, liens, encumbrances, adverse claims against the title as guaranteed, or other matters: (a) created, suffered, assumed or agreed to by one or more of the Assured; (b) not known to the Company, not recorded in the public records at Date of Guarantee but known to one or more of the Assured at Date of Guarantee; (c) resulting in no loss or damage to the Assured; (d) attaching or created subsequent to Date of Guarantee. 4. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule B or with respect to the validity, legal effect or priority of any matter shown therein. 5. 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. 6. Unpatented mining claims; reservations or exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian tribal codes or regulations. Indian treaty or aboriginal rights, including easements or equitable servitudes; water rights, claims or title to water. 7. Title to any property beyond the lines of the land expressly described in the description set forth in this Guarantee, or title to streets, roads, avenues, lanes, ways or waterways on which such land abuts, or the right to maintain therein vaults, tunnels, ramps or any other structure or improvement; of any rights or easements therein unless such property, rights or easements are expressly and specifically set forth in said description. 8. Any loss or damage which arises out of any transaction affecting the estate or interest shown in Schedule A of this Guarantee by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws. CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this Guarantee mean; (a) "land": the land described in this Guarantee and improvements affixed thereto which by law constitute real property. (b) "public records": records established under state statutes at Date of Guarantee for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge. With respect to Section 1(a)(iv) of the Exclusions from Coverage, "public records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district in which the land is located. (c) "date." "Date of Guarantee": the effective date; (d) "the Assured": the party or parties named as the Assured in this Guarantee, or in a supplemental writing executed by the Company. (e) "mortgage": mortgage, deed of trust, trust deed, real estate contract or other security instrument, 2. PROSECUTION OF ACTIONS (a) The Company shall have the right at its own cost to institute and prosecute any action or proceeding or do any other act which in its opinion may be necessary or desirable to establish or confirm the matters herein guaranteed; and the Company may take any appropriate action under the terms of this Guarantee whether or not it shall be liable thereunder and shall not thereby concede liability or waive any provision hereof. (b) in all cases where the Company does so institute and prosecute any action or proceeding, the Assured shall permit the Company to use, at its option, the name of the Assured for such purpose. Whenever requested by the Company, the Assured shall give the Company all reasonable aid in prosecuting such action or proceeding, and the Company shall reimburse the Assured for any expense so incurred. 3. NOTICE OF LOSS-LIMITATION OF ACTION A statement in writing or any loss or damage for which it is claimed the Company is liable under this Guarantee shall be furnished lo the Company within sixty days after such loss or damage shall have been determined, and no right of action shall accrue to the Assured under this Guarantee until thirty days after such statement shall have been furnished, and no recovery shall be had by the Assured under this Guarantee unless action shall be commenced thereon within two years after expiration of said thirty day period. Failure to furnish such statement of loss or damage or to commence such action within the time hereinbefore specified, shall be a conclusive bar against maintenance by the Assured of any action under this Guarantee, CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO.0100605-ETU - FOURTH (continued) Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 02.08.18 @ 02:27 PM Page 9 WA-CT-FNSE-02150.622475-SPS-72015-1-18-0100605-ETU 4. OPTION TO PAY, SETTLE OR COMPROMISE CLAIMS The Company shall have the option to pay or settle or compromise for or in the name of the Assured any claim which could result in loss to the Assured within the coverage of this Guarantee, or to pay the full amount of this Guarantee or, if this Guarantee is issued for the benefit of a holder of a mortgage, the Company shall have the option to purchase the indebtedness secured by said mortgage. Such purchase, payment or tender of payment of the full amount of the Guarantee shall terminate all liability of the Company hereunder. In the event after notice of claim has been given to the Company by the Assured the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price. 5. LIMITATION OF LIABILITY-PAYMENT OF LOSS (a) The liability of the Company under this Guarantee shall be limited to the amount of actual loss sustained by the Assured because of reliance upon the assurances herein set forth, but in no event shall such liability exceed the amount of total liability stated within this Guarantee. (b) The Company will pay all costs imposed upon the Assured in litigation carried on by the Company for the Assured, and all costs and attorney's fees in litigation carried on by the Assured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this Guarantee (1) if the Company after having received notice of an alleged defect, lien or encumbrance not shown as an Exception or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of such notice, or (2) for liability voluntarily assumed by the Assured in settling any claim or suit without written consent of the Company. (d) All payments under this Guarantee, except for attorneys' fees as provided for in paragraph 5(b) hereof, shall reduce the amount of the liability hereunder pro tanto, and no payment shall be made without producing this Guarantee for endorsement of such payment unless the Guarantee be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. (e) When liability has been definitely fixed in accordance with the conditions of this Guarantee, the loss or damage shall be payable within thirty days thereafter. 6. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this Guarantee, all right of subrogation shall vest in the Company unaffected by any act of the Assured, and it shall be subrogated to and be entitled to all rights and remedies which the Assured would have had against any person or property in respect to such claim had this Guarantee not been issued. If the payment does not cover the loss of the Assured, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss. The Assured if requested by the Company, shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right or subrogation, and shall permit the Company to use the name of the Assured in any transaction or litigation involving such rights or remedies. 7. GUARANTEE ENTIRE CONTRACT Any action or actions or rights of action that the Assured may have or may bring against the Company arising out of the subject matter hereof must be based on the provisions of this Guarantee. No provision or condition of this Guarantee can be waived or changed except by a writing endorsed or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company. 8. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this guarantee and shall be addressed to the Company at: Chicago Title Insurance Company,P.O. Box 45023,Jacksonville, FL 32232-5023. 9. THE FEE SPECIFIED WITHIN THIS GUARANTEE IS THE TOTAL FEE FOR TITLE SEARCH AND EXAMINATION AND FOR THIS GUARANTEE. END OF CONDITIONS AND STIPULATIONS