HomeMy WebLinkAboutL Title Report 180405ALTA Commitment (6/17/06)
ALTA Commitment Form
COMMITMENT FOR TITLE INSURANCE
ISSUED BY
STEWART TITLE GUARANTY COMPANY
STEWART TITLE GUARANTY COMPANY, a Texas Corporation (“Company”), for a valuable consideration, 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 mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums
and charges and compliance with the Requirements; all subject to the provisions of Schedules A and B and to the Conditions
of this Commitment.
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 by the Company.
All liability and obligation under this Commitment shall cease and terminate six months after the Effective Date or when the
policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue the policy or policies is not
the fault of the Company.
The Company will provide a sample of the policy form upon request.
This Commitment shall not be valid or binding until countersigned by a validating officer or authorized signatory.
IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused its corporate name and seal to be affixed by its duly
authorized officers on the date shown in Schedule A.
Countersigned by:
Stewart Title Guaranty Company
1420 Fifth Avenue, Suite 440
Seattle, WA 98101
(888) 896-1443
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 17000200454
004-UN ALTA Commitment (6/17/06)
CONDITIONS
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 acquired actual knowledge of any 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 of reliance hereon to the extent the Company is prejudiced
by failure to so disclose such knowledge. If the proposed Insured shall disclose 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.
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 and Conditions and the Exclusions from Coverage
of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by
reference and are made a part of this Commitment except as expressly modified herein.
4.This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of
the condition of title. Any action or actions or rights of action that the proposed Insured may have or may bring against
the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered
by this Commitment must be based on and are subject to the provisions of this Commitment.
5.The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount o f Insurance is
$2,000,000 or less shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the
parties.You may review a copy of the arbitration rules at< http://www.alta.org/>.
All notices required to be given the Company and any statement in writing required to be furnished the Company shall be
addressed to it at P.O. Box 2029, Houston, Texas 77252.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 17000200454
004-UN ALTA Commitment (6/17/06)
Stewart Title Guaranty Company Commercial Services
(Seattle)
1420 Fifth Avenue Suite 440
Seattle, WA 98101
Phone: (360) 713-9260
Order Number: 17000200454
Title Officer:Debbi Hodgson
Phone: (360) 713-9260
Email: dhodgson@stewart.com
Customer Reference:
Seattle Area Plumbing & Pipefitting Training
Vocational School
SCHEDULE A
1. Effective Date: April 05, 2017 at 8:00 AM
2. Policy Or Policies To Be Issued:
(X) ALTA OWNER'S POLICY, (6/17/06)
(X) STANDARD ( ) EXTENDED
Short Term Rate with Prior Title Discount
Amount:
Premium:
Tax:
Total:
To Be Determined
Proposed Insured:
To Be Determined and To Be Determined
( X ) ALTA EXTENDED LOAN POLICY (6/17/06)
Simultaneous Issue Rate
Amount:
Premium:
Tax:
Total:
To Be Determined
Proposed Insured:
To Be Determined
3. The estate or interest in the land described or referred to in this Commitment and covered herein is:
Fee Simple Estate as to Parcel 1 and Easement only as to Parcel 2
4. Title to said estate or interest in said land is at the effective date hereof vested in:
Seattle Area Plumbing & Pipefitting Industry Journeyman & Apprentice Association, a dissolved Washington non-profit
corporation as to the Northerly portion of the premises, and in Seattle Area Plumbing and Pipefitting Industry
Journeyman and Apprenticeship Training Trust, U/T/A dated September 5, 1968, revised and restated as of May 19,
2008, and amendments thereto, as to the remainder
5. The land referred to in this commitment is described as follows:
SEE EXHIBIT "A" ATTACHED HERETO
EXHIBIT "A"
LEGAL DESCRIPTION
Parcel 1:
Parcel Y, City of Renton Boundary Line Adjustment No. LUA16-000265, according to the Boundary Line
Adjustment recorded September 1, 2016 under Recording Number 20160901900006, being a portion of
the West Half of the Northwest Quarter of Section 24, Township 23 North, Range 4 East, W. M., in King
County, Washington.
Parcel 2:
Reciprocal access easements as established in instrument recorded June 21, 1990 under Recording No.
9006281428 and modification thereto recorded July 29, 1998 under Recording No. 9807291970;
Except therefrom that portion thereof lying within Parcel 1 above.
Situate in the County of King, State of Washington.
Tax Parcel No.: 242304-9122-05
Seller's Initials:_____________Buyer's Initials:_____________
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
Part I
Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are
disposed of to the satisfaction of the Company:
GENERAL EXCEPTIONS
A.
B.
C.
Taxes or assessments which are not shown as existing liens by the public records.
(i) Unpatented mining claims; (ii) reservations or exceptions in patents or in Acts authorizing the issuance thereof;
(iii) water rights, claims or title to water; whether or not the matters described (i), (ii) & (iii) are shown in the public
records; (iv) Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable
servitudes.
Extended coverage exceptions as follows:
(1)
(2)
(3)
(4)
Rights or claims of parties in possession not shown by the public records.
Easements, claims of easement or encumbrances which are not shown by the public records.
Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate
survey and inspection of the premises and which are not shown by the public records.
Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished imposed by law
and not shown by the public records.
D.
E.
F.
Any service, installation, connection, maintenance, tap, capacity, construction or reimbursement charges for
sewer, water, electricity or other utilities, or for garbage collection and disposal.
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 mortgage thereon covered by this commitment.
Any titles or rights asserted by anyone, including but not limited to persons, corporations, governments, or other
entities, to tidelands, or lands comprising the shores or bottoms of navigable rivers, lakes, bays, ocean or gulf, or
lands beyond the line of the harbor or bulkhead lines as established or changed by the United States Government,
or riparian rights, if any.
SPECIAL EXCEPTIONS FOLLOW
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
Part I
SPECIAL EXCEPTIONS
1.
2.
3.
4.
5.
6.
7.
8.
Payment of Real Estate Excise Tax, if required.
The property described herein is situated within the boundaries of local taxing authority of the City of Renton.
Present Rate of Real Estate Excise Tax as of the date herein is 1.78% and the levy code is 2100.
The property herein described is carried on the 2017 tax rolls as exempt; however, it will become taxable from the
date of transfer to a taxable entity and subject to the lien of real property taxes for prior years, if any.
Tax Account No.:242304-9122-05
Special charges for the year 2017 have been billed under said account number in the amount of $7,283.62, of
which none has been paid.
Note: King County Treasurer, 500 4th Avenue, 6th Floor Admin. Bldg., Seattle, WA 98104 (206) 296-7300
Web Address: http://webapp.metrokc.gov/kctaxinfo/.
Current and/or advance personal property taxes that may become due upon the premises herein described.
Please contact the King County Treasurer's office for further information.
Liability for sewer treatment capacity charges that may be assessed but not disclosed in the public records.
Please contact the King County Capacity Charge Department for further information at 206-296-1450.
Owner’s policy coverage to be verified through written instructions or a complete copy of the purchase and sale
agreement should be submitted.
Please be advised that our search did not disclose any open deeds of trust of record. If you should have
knowledge of any outstanding obligation, please contact the title department immediately for further review prior to
closing.
Any unrecorded leaseholds, right of vendors and holders of security interest on personal property installed upon
said property, and right of tenants to remove trade fixtures at the expiration of the term.
Copies of all commercial leases and amendments thereto should be submitted for review prior to closing.
Terms and conditions of the Seattle Area Plumbing and Pipefitting Industry Journeyman and Apprenticeship
Training Trust, U/T/A dated September 5, 1968, revised and restated as of May 19, 2008, and amendments
thereto, being the Trust under which a portion of title is vested.
We request a showing of the terms and conditions of the Trust under which title is partially vested, particularly the
authorization of the Trustee(s) to execute the forthcoming instrument on behalf of the Trustors of the Seattle Area
Plumbing and Pipefitting Industry Journeyman and Apprenticeship Training Trust.
Copies of said Trust documents and all amendments are required prior to recordation. We request a showing of
particularly the authorization of the Trustee(s) to execute the forthcoming instrument on behalf of the Trustors of
the Trust as the deed under Recording No. 20161028001845 did not disclosed the identities of the same.
9.
10.
11.
12.
13.
14.
15.
16.
Questions relating to the existance of Seattle Area Plumbing & Pipefitting Industry Journeyman & Apprentice
Association, a dissolved Washington non-profit corporation, in which a portion of title herein is vested of record.
According to information disclosed by corporation records in the office of the Secretary of State for the State of
Washington, Seattle Area Plumbing & Pipefitting Industry Journeyman & Apprentice Association, a Washington
non-profit corporation, ceased to exist as such on August 5, 2013 because of failure to pay its annual corporate
license fees and/or file required annual reports. If said Washington non-profit corporation has merged with
another entity, or changed its name, proof of the fact should be submitted as soon as possible prior to closing.
This Company must be further advised, and may require a quit claim deed into the new entity, if any, to clear
record title.
Title is to vest in persons not yet revealed and when so vested will be subject to matters disclosed by a search of
the records against their names.
Matters of Extended Mortgage, Owner, or Leasehold coverage have not been cleared. If such coverage is
required for the forthcoming transaction, the Company must be informed of the liability amount(s), and identity of
the purchaser, tenant(s) or lender as soon as possible prior to closing to determine the requirements for issuance
of such coverage, including, but not limited to a physical inspection of the property.
Easement and the terms and conditions thereof:
Grantee:Chicago, Milwaukee & St. Paul Railway Company and Oregon-Washington Railroad &
Navigation Company
Purpose:Drainage and easements
Affects:Adjacent to railroad right of way
Recorded:November 15, 1921
Recording No.:1567708
Amendment/Modification and the terms and conditions thereof:
Recorded:May 3, 1930
Recording No.:2602211
Easement and the terms and conditions thereof:
Grantee:Chicago, Milwaukee & St Paul Railway Company and Oregon-Washington Railroad &
Navigation Company and Union Pacific Railroad Company
Purpose:Industrial track or tracks, necessary embankment slope for cuts and fills
Affects:Northerly portion as described therein
Recorded:September 19, 1961
Recording No.:5331102
Easement and the terms and conditions thereof:
Grantee:Municipality of Metropolitan Seattle
Purpose:Sewer Interceptor and district heating and cooling system with appurtenances
Affects:20 foot strip in a Northwesterly portion of the premises
Recorded:May 2, 1986
Recording No.:8605020840
Easement and the terms and conditions thereof:
Grantee:Puget Sound Power & Light Co.
Purpose:Electric transmission/distribution lines
Affects:As constructed or to be constructed in Government Lots 1 and 5 and other property
Recorded:May 23, 1988
Recording No.:8805230282
Wetlands Covenant and Easement, and the terms and conditions thereof:
Recorded:June 21, 1990
Recording No.:9006210681
(Includes other property)
17.
18.
19.
20.
21.
22.
23.
24.
25.
Reciprocal access and utility easements, and the terms and conditions thereof:
Recorded:June 28, 1990
Recording No.:9006281428
(Includes other property)
Amendment/Modification, Partial Release, and the terms and conditions thereof:
Recorded:July 29, 1998
Recording No.:9807291970
Easement and the terms and conditions thereof:
Purpose:Railroad spur easement
Affects:Portion adjacent to Railroad right of way
Recorded:June 28, 1990
Recording No.:9006281429
Easement and the terms and conditions thereof:
Purpose:Reciprocal easement for non-buildable area and emergency vehicle access
Affects:60 foot strip in a Northeasterly portion
Recorded:June 28, 1990
Recording No.:9006281430
Easement and the terms and conditions thereof:
Purpose:Waterline easement
Affects:Strip of land 15 feet in width as described therein
Recorded:June 28, 1990
Recording No.:9006281435
Easement and the terms and conditions thereof:
Purpose:Sewer line or lines and appurtenances
Affects:Northerly portion of the premises and other property
Recorded:June 28, 1990
Recording No.:9006281436
Covenant to Maintain Wetlands, and the terms and conditions thereof:
Recorded:June 28, 1990
Recording No.:9006281437
(Includes other property)
Easement and the terms and conditions thereof:
Purpose:MCI Telecommunications Corporation
Affects:Underground communications equipment
Recorded:Northwesterly portion
Recording No.:9110290815
Easement and the terms and conditions thereof:
Grantee:City of Renton
Purpose:Waterline, roadway and utilities easement
Affects:Northerly portion of the premises as described therein
Recorded:August 10, 1992
Recording No.:9208100903, 9208100904 and 9208100905
Easement and the terms and conditions thereof:
Purpose:Parking and related above or below ground improvements, serving adjacent property
Affects:Northerly 45 feet of the premises
Recorded:February 15, 1994
Recording No.:9402151666
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
Regional Detention Facility and pump station agreement and reciprocal easements, and the terms and conditions
thereof:
Recorded:June 19, 1995
Recording No.:9506191492
(Includes other property)
City of Renton Regional Detention Facility and Pump Station Covenant and the terms and conditions thereof:
Recorded:July 16, 1996
Recording No.:9607161249
Easement and the terms and conditions thereof:
Grantee:City of Renton
Purpose:Water lines and appurtenances
Affects:Northerly portion of the premises
Recorded:October 11, 1996
Recording No.:9610111424
Easement and the terms and conditions thereof:
Purpose:Sanitary sewer system and appurtenances
Affects:Refer to said instrument for location
Recorded:September 2, 1999
Recording No.:19990902000347
Declaration of Storm Drainage Facilities easement and the terms and conditions thereof:
Recorded:September 24, 1999
Recording No.:19990924001519
(Includes other property)
Agreement for Sewer Easement, and the terms and conditions thereof:
Recorded:October 28, 1999
Recording No.:19991028000216
(Includes other property)
Easement and the terms and conditions thereof:
Grantee:Puget Sound Energy, Inc.
Purpose:Gas and/or electric system and appurtenances
Affects:10 foot strip as constructed or to be constructed on said premises and other property
Recorded:November 23, 1999
Recording No.:19991123000445
Easement and the terms and conditions thereof:
Grantee:AT & T Corp, and AT & T Communications - East, Inc.
Purpose:Fiber optic cable installation and maintenance access thereto for telecommunication in
railroad corridors, as settled in Southern District of Indiana, United States District
Court Class Action Cause 1:99-cv-9313
Affects:Railroad right of way boundary in common with said premises and other property
Recorded:May 19, 2008
Recording No.:20080519000521
Supplemental Easements thereto, and the terms and conditions thereof:
Recorded:August 16, 2013 and April 16, 2014
Recording No.:20130816000781 and 20140416000165
Terms and conditions of Boundary Line Adjustment No. LUA-16-000265:
Recorded:September 1, 2016
Recording No.:20160901900006
The attached Commercial Title Affidavit must be completed in full, notarized, and submitted to the Company for
review prior to closing.
If the policies to be issued are in excess of $5,000,000.00 or involve unusual risks, approval to issue such policies
must be obtained from Stewart Title Guaranty Company. This commitment and any policies to be issued are
subject to any additional limitations, requirements or exceptions made by Stewart Title Guaranty Company.
END OF SPECIAL EXCEPTIONS
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
Part II
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 estat e 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.
Note: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.
Format:
Margins to be 3” on top of first page, 1” on sides and bottom, 1” on top, sides and bottom of each
succeeding page.
Font size of 8 points or larger and paper size of no more than 8 ½” by 14”.
No attachments on pages such as stapled or taped notary seals, pressure seals must be smudged.
Information which must appear on the first page:
Title or titles of document. If assignment or reconveyance, reference to auditor’s file number or subject
deed of trust.
Names of grantor(s) and grantee(s) with reference to additional names on following page(s), if any.
Abbreviated legal description (lot, block, plat name or section, township, range and quarter quarter
section for unplatted).
Assessor’s tax parcel number(s).
Return address which may appear in the upper left hand 3” top margin.
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
Part II
NOTES:
NOTE A: In order to assure timely recording all recording packages should be sent to:
Stewart Title Guaranty Company Commercial Services (Seattle)
1420 Fifth Avenue, Suite 440, Seattle, WA 98101
Attn: Recorder
NOTE B: 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.
Prc. Y, C/Renton BLA No. LUA16-000265, Rec. No. 20160901900006, in King Co., WA
NOTE C: Recording fees charges by the county are subject to the title of the document. Standard fees are as follows:
Deeds of Trust: $74.00 for the first page and $1.00 for each additional page. Deeds: $73.00 for the first page and $1.00
for each additional page. Please add a $5.00 fee for electronic recording. For other types of documents to be recorded
please contact your escrow officer.
NOTE D: All matters regarding extended coverage have been cleared for the mortgagee’s policy. Exceptions C, E and F
shown in Schedule B herein will be omitted in said extended coverage mortgagee’s policy.
NOTE E: The records of King County and/or our inspection indicate that the address of the improvement located on said
land is 595 Monster Road Southwest, Renton, WA 98057.
NOTE F: In the event of cancellation, a cancellation charge may be made.
NOTE G: The following deeds affecting the property herein described have been recorded within the last 24 months:
Type of Document:Statutory Warranty Deed
Recorded:October 28, 2016
Recording No.:20161028001845
First Party:K & M Holdings IV, L. L. C., a Washington limited liability company
Second Party:Seattle Area Plumbing and Pipefitting Industry Journeyman and Apprenticeship Training
Trust, U/T/A dated September 5, 1968, revised and restated as of May 19, 2008, and
amendments thereto
Affects: Southerly portion of Parcel Y
PS
END OF SCHEDULE B
Escrow Officer Location:
Stewart Title Guaranty Company - Commercial Services
Escrow Officer:
1420 Fifth Avenue, Suite 440, Seattle, WA 98101
Phone:
Fax:
Email:
STG Privacy Notice
Stewart Title Companies
WHAT DO THE STEWART TITLE COMPANIES DO WITH YOUR PERSONAL INFORMATION?
Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable
state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice
carefully to understand how we use your personal information. This privacy notice is distributed on behalf of the Stewart Title Guaranty
Company and its title affiliates (the Stewart Title Companies), pursuant to Title V of the Gramm-Leach-Bliley Act (GLBA).
The types of personal information we collect and share depend on the product or service that you have sought through us. This
information can include social security numbers and driver's license number.
All financial companies, such as the Stewart Title Companies, need to share customers' personal information to run their everyday
business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share
customers' personal information; the reasons that we choose to share; and whether you can limit this sharing.
.
Reasons we can share your personal information.Do we share Can you limit this sharing?
For our everyday business purposes— to process your
transactions and maintain your account. This may include running the
business and managing customer accounts, such as processing
transactions, mailing, and auditing services, and responding to court
orders and legal investigations.
Yes No
For our marketing purposes— to offer our products and services to
you.
Yes No
For joint marketing with other financial companies No We don't share
For our affiliates' everyday business purposes— information
about your transactions and experiences. Affiliates are companies
related by common ownership or control. They can be financial and
non-financial companies. Our affiliates may include companies with a
Stewart name; financial companies, such as Stewart Title Company
Yes No
For our affiliates' everyday business purposes— information
about your creditworthiness.No We don't share
For our affiliates to market to you — For your convenience,
Stewart has developed a means for you to opt out from its affiliates
marketing even though such mechanism is not legally required.
Yes Yes, send your first and last name, the email
address used in your transaction, your
Stewart file number and the Stewart office
location that is handling your transaction by
email to optout@stewart.com or fax to
1-800-335-9591.
For non-affiliates to market to you. Non-affiliates are companies
not related by common ownership or control. They can be financial
and non-financial companies.
No We don't share
We may disclose your personal information to our affiliates or to non-affiliates as permitted by law. If you request a transaction with a
non-affiliate, such as a third party insurance company, we will disclose your personal information to that non-affiliate. [We do not control
their subsequent use of information, and suggest you refer to their privacy notices.]
SHARING PRACTICES
How often do the Stewart Title Companies notify me
about their practices?
We must notify you about our sharing practices when you request a
transaction.
How do the Stewart Title Companies protect my
personal information?
To protect your personal information from unauthorized access and use, we
use security measures that comply with federal law. These measures
include computer, file, and building safeguards.
How do the Stewart Title Companies collect my
personal information?
We collect your personal information, for example, when you
ß
ß
request insurance-related services
provide such information to us
We also collect your personal information from others, such as the real
estate agent or lender involved in your transaction, credit reporting agencies,
affiliates or other companies.
What sharing can I limit?Although federal and state law give you the right to limit sharing (e.g., opt out)
in certain instances, we do not share your personal information in those
instances.
Contact us: If you have any questions about this privacy notice, please contact us at: Stewart Title Guaranty Company,
1980 Post Oak Blvd., Privacy Officer, Houston, Texas 77056
File No.: 17000200454 Page 1
Revised 11-19-2013