HomeMy WebLinkAboutL_Cascade_Plaza_Title_Report_171117_v1Form No. 14 Guarantee No.: NCS-590523-WAl
Subdivision Guarantee (4-10-75) Page No.: 1
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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
Jean Couch
(206)615-3118
jcouch@firstam.com
SUBDIVISION GUARANTEE
LIABILITY $ 3,000.00 ORDER NO.: NCS-590523-WAl
FEE $ 500.00 TAX $ 47.50 YOUR REF.: MBA Cascade Plaza, LLC
First American Title Insurance Company
a Corporation, herein called the Company
Subject to the Liability Exclusions and Limitations set forth below and in Schedule A.
GUARANTEES
Anderson & Associates
herein called the Assured, against loss not exceeding the liability amount stated above 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 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 above.
3. This Guarantee is restricted to the use of the Assured for the purpose of providing title evidence
as may be required when subdividing land pursuant to the provisions of Chapter 58.17, R.C.W.,
and the local regulations and ordinances adopted pursuant to said statute. It is not to be used
as a basis for closing any transaction affecting title to said property.
Dated: February 04, 2013 at 7:30 A.M.
First American Title Insurance Company
Form No. 14
Subdivision Guarantee (4-10-75)
SCHEDULE A
The assurances referred to on the face page are:
A. Title is vested in:
Guarantee No.: NCS-590523-WAI
Page No.: 2
MBA Cascade Plaza, LLC, a Washington limited liability company and MBA Cascade Holding, LLC,
a Washington limited liability company
B. That according to the Company's title plant records relative to the following described real
property (including those records maintained and indexed by name), there are no other
documents affecting title to said real property or any portion thereof, other than those shown
below under Record Matters.
The following matters are excluded from the coverage of this Guarantee:
1. Unpatented Mining Claims, reservations or exceptions in patents or in acts authorizing the
issuance thereof.
2. Water rights, claims or title to water.
3. Tax Deeds to the State of Washington.
4. Documents pertaining to mineral estates.
DESCRIPTION:
PARCEL A:
THAT PORTION OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION
28, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY, WASHINGTON, DESCRIBED
AS FOLLOWS:
COMMENCING AT THE WEST QUARTER CORNER OF SAID SECTION 28;
THENCE SOUTH 1045'57" WEST 261.65 FEET;
THENCE SOUTH 42036'48" EAST TO THE EASTERLY MARGIN OF 116TH AVENUE SOUTHEAST,
AS CONVEYED TO KING COUNTY BY DEED RECORDED UNDER RECORDING NO. 5014915 AND
THE TRUE POINT OF BEGINNING;
THENCE CONTINUING SOUTH 42036'48" EAST 250 FEET, MORE OR LESS, TO THE MOST
SOUTHERLY CORNER OF A TRACT OF LAND CONVEYED TO CASCADE VISTA ATHLETIC CLUB,
INC., BY DEED RECORDED JUNE 25, 1973 UNDER RECORDING NO. 7306250231;
THENCE NORTH 47023'12" EAST 153.86 FEET;
THENCE NORTH 6032'55" WEST 333.17 FEET TO THE NORTHEASTERLY MARGIN OF
BONNEVILLE POWER ADMINISTRATION POLE LINE EASEMENT AND THE SOUTHWESTERLY
LINE OF CASCADE VISTA, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 60 OF
PLATS, PAGE 33, IN KING COUNTY, WASHINGTON;
THENCE SOUTH 4203648" EAST ALONG SAID MARGIN 1,360.70 FEET TO THE NORTH LINE OF
THE SOUTH 330 FEET OF SAID NORTHWEST QUARTER;
THENCE NORTH 88007'32" WEST ALONG SAID NORTH LINE 1,215.69 FEET TO SAID EASTERLY
MARGIN OF 116TH AVENUE SOUTHEAST;
THENCE NORTH 1046'57" EAST ALONG SAID EAST MARGIN TO THE TRUE POINT OF
BEGINNING.
First American T/tle insurance Company
Form No. 14 Guarantee No.: NCS-590523-WAl
Subdivision Guarantee (4-10-75) Page No.: 3
PARCEL B:
LOT 1, KING COUNTY SHORT PLAT NO. 784087, RECORDED FEBRUARY 25, 1985 UNDER
RECORDING NO. 8502250488, SAID SHORT PLAT BEING A PORTION OF THE SOUTHWEST
QUARTER OF SECTION 28, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., IN KING COUNTY,
WASHINGTON.
APN: 282305-9009-08
APN: 282305-9010-05
First American 7-Itle insurance Company
Form Form No. 14
Subdivision Guarantee (4-10-75)
RECORD MATTERS:
1. General Taxes for the year 2013,
Tax Account No.:
28230549009-08
Amount Billed:
$
105,r601-92
Amount Paid:
$
0.00
Amount Due:
$
105,601.92
Assessed Land Value:
$
7,F 123.r 800. 00
Assessed Improvement Value:
$
11000.00
(Affects Parcel No. A)
2. General Taxes for the year 2013.
Tax Account No.: 2823059010-05
Amount Billed: $ 60,800-68
Amount Paid: $ 0.00
Amount Due: $ 60,800-68
Assessed Land Value: $ 11541,,200.00
Assessed Improvement Value: $ 21598,100.00
(Affects Parcel No. B)
Guarantee No.: NC 5-590523-WAI
Page No.: 4
3. Easement resulting from King County Superior Court Condemnation., including terms and
provisions contained therein:
Cause No.: 328
In Favor Of: United States of America
For: Electric power transmission lines and telephone lines
Affects: as described therein
A copy of Judgment on the Declaration of Taking was recorded March 11, 1941 under Recording
No. 3150790.
4. Easement,, including terms and provisions contained therein:
Recording Information: April 28, 1943 under Recording No. 3306273
In Favor of: United States of America., its assigns
For: Electric power transmission lines and telephone and/or telegraph
lines
Affects: Parcel A
Said easement was conveyed to Puget Sound Power and Light Company., a Washington
corporation., by instrument recorded May 18,, 1971 under Recording No. 7105180453.
5. Easement,, including terms and provisions contained therein:
Recording Information: 4329048
For: Right to enter said premises to make repairs and the right to cut
brush and trees which constitute a menace or danger to the
electric transmission line located in the street or road adjoining
First American Title insurance Company
Form No. 14 Guarantee No.: NCS-590523-WAl
Subdivision Guarantee (4-10-75) Page No.: 5
said premises
Affects: as described therein
6. Reservations and exceptions., including the terms and conditions thereof:
Reserving: Minerals
Reserved By: A.F. Plant and Inez L. Plant, his wife,, and Franklin D. Plant and
Evelyn Plant, his wife
Recorded: May 8,, 1957
Recording Information: 4795376
7. Right to make necessary slopes for cuts or fills upon said premises for road as granted by deed
recorded April 1., 1959 under recording no. 5014915.
8. Wight to make necessary slopes for cuts or fills upon said premises for road as granted by deed
recorded April 1,, 1959 under recording no. 5014918.
9. Easement, including terms and provisions contained therein:
Recording Information: August 16, 1960 under Recording No. 5193188
In Favor of: United States of America, its assigns
For: To locate, construct, operate, maintain, repair., patrol and
remove an underground sewer pipeline
Affects: Parcel A
Said easement was conveyed to Cascade Sewer District by instrument recorded December 11,
1967 under Recording No. 6276929.
10. Easement,, including terms and provisions contained therein:
Recording Information: February 28,, 1962 under Recording No. 5392869
For: Utility facilities
Affects: Parcel A
11. Easement., including terms and provisions contained therein:
Recording Information: November 13,, 1962 under Recording No. 5505408
In Favor of: Cascade Community Club
For: Parking
Affects: Parcel A
12. Easement, including terms and provisions contained therein:
Recording Information: September 28,, 1970 under Recording No. 6697607
For: Common ingress,, egress and parking and walkway privileges
Affects: Parcel A
13. Easement,, including terms and provisions contained therein:
Recording Information: September 12, 1975 under Recording No. 7509120427
In Favor of: Puget Sound Power & Light Company, a Washington
corporation
For: To construct., operate, maintain,, repair, replace and enlarge one
or more lines
First American Title Insurance Company
Form No. 14 Guarantee No.: NCS-590523-WAl
Subdivision Guarantee (4-10-75) Page No.: 6
Affects: Parcel A
14. Easement, Including terms and provisions contained therein:
Recording Information: 8305170667
In Favor of: United States Postal Service
For: Ingress, egress and utilities
Affects: Parcel B
15. Restrictions, conditions, dedications., notes, easements and provisions, if any, as contained
and/or delineated on the face of the Short Plat No. 784087 recorded under Recording No.
8502250488, in King County, Washington.
16. Easement., including terms and provisions contained therein:
Recording Information: 8510150425
In Favor of: King County Water District No. 58
For: Water mains
Affects: Parcel B
17. Easement., including terms and provisions contained therein:
Recording Information: 8511040599
In Favor of: Puget Sound Power & Light Company,. a Washington
corporation
For: Electric transmission and/or distribution lines
Affects: Parcel B
18. Easement,, including terms and provisions contained therein:
Recording Information: August 4., 1986 under Recording No. 8608040476
In Favor of: Puget Sound Power & Light Company,, a Washington
corporation
For: Electric transmission and/or distribution lines
Affects: Parcel A
19. Easement, including terms and provisions contained therein:
Recording Information: September 5,, 1986 under Recording No. 8609050740
In Favor of: Cascade Sewer District., a municipal corporation
For: Sewer mains and appurtenances
Affects: as described therein
20. Easement,, including terms and provisions contained therein:
Recording Information: September 5, 1986 under Recording No. 8609050745
In Favor of: King County Water District No. 58, a municipal corporation
For: Water mains and appurtenances
Affects: as described therein
21. Easement., including terms and provisions contained therein:
Recording Information: 8610060630
In Favor of: Puget Sound Power & Light Company, a Washington
First American 7-Itle Insurance COM
,Dany
Form No. 14 Guarantee No.: NCS-590523-WA1
Subdivision Guarantee (4-10-75) Page No.: 7
corporation
For: Electric transmission and/or distribution lines
Affects: Parcel B
22. Easement, including terms and provisions contained therein:
Recording Information: 1999111001220
In Favor of: King County
For: Drainage, slopes., cuts and fills,, sidewalks and utilities
Affects: Parcel B
23. The terms and provisions contained in the document entitled "Ordinance 5327 (Benson Hill
Annexation)" recorded January 9,, 2008 as Recording No. 20080109000833 of Official Records, in
favor of City of Renton.
24. A record of survey recorded April 14,, 2008 under recording no. 20080414900007 said survey
discloses the following matters:
1. Various fences encroach over the northeasterly property line.
2. Fences do not conform to the northwesterly and southerly property lines.
3. Building encroaches over the northeasterly boundary line.
25. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor:
MBA Cascade Plaza,, LLC., a Washington limited liability company
and MBA Cascade Holding, LLC, a Washington limited liability
company
Grantee/Benefldary:
Wells Fargo Bank, National Association
Trustee:
First American Title Insurance Company
Amount:
$61700r000.00
Recorded:
February 26., 2008
Recording Information:
20080226000616
Document(s) declaring modifications thereof recorded March 10., 2011 and February 27, 2012 as
20110310001170 and 20120227001199 of Official Records.
26. The terms and provisions contained in the document entitled "Subordination Agreement;
Acknowledgement of Lease Assignment,, Estoppel, Attornment and Non -Disturbance Agreement"
recorded February 26, 2008 as Instrument No. 20080226000617 of Official Records. By and
among MBA Cascade Plaza,, LLC., a Washington limited liability company., MBA Cascade Holding,
LLC, a Washington limited liability company, as Lessors and The Bartell Drug Company, a
Washington corporation., as Lessee.
INFORMATIONAL NOTES
Property Address: 17034 116th Avenue Southeast, Renton,, WA 98058
A. 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.
First American Title Insurance Company