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Home My WebLink AboutL_Title Report_181004_v1SUBDIVISION Guarantee/Certificate Number: Issued By: 0136627-16 Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 1 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES iCap Equity, LLC 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 2700 Seattle, WA 98104 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent President Attest: Secretary Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 2 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0136627-16 ISSUING OFFICE: Title Officer: Seattle Builder / Unit 16 Chicago Title Company of Washington 701 5th Avenue, Suite 2700 Seattle, WA 98104 Phone: (206)628-5623 Main Phone: (206)628-5623 Email: CTISeattleBuilderUnit@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $350.00 $35.35 Effective Date: October 2, 2018 at 08:00 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: iCap Lakeview, LLC, a Washington 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: 10.04.18 @ 12:29 PM Page 3 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 For APN/Parcel ID(s):334270-0425-03,334270-0427-01,334270-0415-05 and 334270-0420-08 PARCEL A: THE WEST HALF OF TRACT 88, C,D, HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE NO. 2, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 11 OF PLATS, PAGE 64, IN KING COUNTY, WASHINGTON, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID TRACT; THENCE EASTERLY ALONG THE NORTH LINE OF SAID TRACT, 247 FEET TO A POINT; THENCE SOUTHERLY AND PARALLEL TO THE EAST LINE OF SAID TRACT, 107 FEET TO A POINT ON THE SOUTH LINE OF SAID TRACT; THENCE WESTERLY ON SAID SOUTH LINE, 332 FEET TO THE SOUTHWEST CORNER OF SAID TRACT; THENCE NORTHERLY ALONG THE WEST LINE OF SAID TRACT TO THE POINT OF BEGINNING; TOGETHER WITH AN EASEMENT FOR ROADWAY AND UTILITY PURPOSES OVER A 20 FOOT STRIP OF LAND AS DEDICATED IN EASEMENT RECORDED UNDER RECORDING NO. 5463460; PARCEL B: TRACTS 88 AND 89 C,D, HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE NO. 2, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 11 OF PLATS, PAGE 64, IN KING COUNTY, WASHINGTON; EXCEPT THAT PORTION DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID TRACT 88; THENCE EASTERLY ALONG THE NORTH LINE OF SAID TRACT, 247 FEET TO A POINT; THENCE SOUTHERLY AND PARALLEL TO THE EAST LINE OF SAID TRACT, 107 FEET TO A POINT ON THE SOUTH LINE OF SAID TRACT; THENCE WESTERLY ON SAID SOUTH LINE, 332 FEET TO THE SOUTHWEST CORNER OF SAID TRACT; THENCE NORTHERLY ALONG THE WEST LINE OF SAID TRACT TO THE POINT OF BEGINNING; PARCEL C: ALL THAT PORTION OF TRACT 87, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE NO. 2, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 11 OF PLATS, PAGE 64, IN KING COUNTY, WASHINGTON, LYING WESTERLY OF THE FOLLOWING DESCRIBED LINE; COMMENCING AT THE NORTHEAST CORNER OF SAID TRACT 87; THENCE WESTERLY ALONG THE NORTH LINE OF SAID TRACT 87, 289 FEET TO THE TRUE POINT OF BEGINNING OF THE LINE DESCRIBED HEREIN; THENCE SOUTHERLY AND PARALLEL WITH THE EAST LINE OF SAID TRACT 87, 105 FEET, MORE OR LESS, TO THE SOUTH LINE OF SAID TRACT 87 AND THE TERMINUS OF THE LINE DESCRIBED HEREIN. PARCEL D: ALL THAT PORTION OF TRACT 87, C.D. HILLMAN'S LAKE WASHINGTON GARDEN OF EDEN ADDITION TO SEATTLE NO. 2, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 11 OF PLATS, PAGE 64, IN KING COUNTY, WASHINGTON, LYING EASTERLY OF THE FOLLOWING DESCRIBED LINE; COMMENCING AT THE NORTHEAST CORNER OF SAID TRACT 87; EXHIBIT "A" Legal Description Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 4 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 THENCE WESTERLY ALONG THE NORTH LINE OF SAID TRACT 87, 289 FEET TO THE TRUE POINT OF BEGINNING OF THE LINE DESCRIBED HEREIN; THENCE SOUTHERLY AND PARALLEL WITH THE EAST LINE OF SAID TRACT 87, 105 FEET, MORE OR LESS, TO THE SOUTH LINE OF SAID TRACT 87 AND THE TERMINUS OF THE LINE DESCRIBED HEREIN. ALL SITUATE IN THE COUNTY OF KING, STATE OF WASHINGTON CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0136627-16 SCHEDULE B Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 5 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 GENERAL EXCEPTIONS H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0136627-16 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 6 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 SPECIAL EXCEPTIONS 1.Easement(s) for the purpose(s) shown below and rights incidental thereto as shown in the document Recording Date: September 26, 1961 Recording No.: 5333821 Purpose: Water line with necessary appurtenances Affects: The South 5 feet of the East 300 feet of Tract 88 2.Easement(s) for the purpose(s) shown below and rights incidental thereto as shown in the document Recording Date: August 8, 1962 Recording No.: 5463460 Purpose: Roadway and utility purposes Affects: Portion of said premises and other property 3.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 No.: 334270-0425-03 Levy Code: 2100 Assessed Value-Land: $536,000.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $7,414.75 Paid: $3,707.38 Unpaid: $3,707.37 Affects: Parcel A 4.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 No.: 334270-0427-01 Levy Code: 2100 Assessed Value-Land: $1,213,000.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $15,196.21 Paid: $7,598.11 Unpaid: $7,598.10 Affects: Parcel B CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0136627-16 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 7 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 5.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 No.: 334270-0415-05 Levy Code: 2100 Assessed Value-Land: $483,000.00 Assessed Value-Improvements: $625,000.00 General and Special Taxes: Billed: $14,239.26 Paid: $7,119.63 Unpaid: $7,119.63 Affects: Parcel C 6.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 No.: 334270-0420-08 Levy Code: 2100 Assessed Value-Land: $814,000.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $10,413.53 Paid: $5,206.77 Unpaid: $5,206.76 Affects: Parcel D 7.A deed of trust to secure an indebtedness in the amount shown below, Amount: $1,466,250.00 Dated: March 21, 2018 Trustor/Grantor: iCap Lakeview, LLC, a Washington Limited Liability Company Trustee: Chicago Title Insurance Company Beneficiary: The Quadrant Corporation, a Washington corporation Recording Date: March 21, 2018 Recording No.: 20180321000992 An agreement recorded May 24, 2018 under recording no. 20180524000466 which states that this instrument was subordinated to the document or interest described in the instrument Recording Date: May 24, 2018 Recording No.: 20180524000465 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0136627-16 SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 10.04.18 @ 12:29 PM Page 8 WA-CT-FNSE-02150.622481-SPS-1-18-0136627-16 8.A deed of trust to secure an indebtedness in the amount shown below, Amount: $4,300,000.00 Dated: May 22, 2018 Trustor/Grantor: iCap Lakeview, LLC, a Washington limited liability company Trustee: Chicago Title Company of Washington Beneficiary: VFormation, Inc., a Delaware Corporation Recording Date: May 24, 2018 Recording No.: 20180524000465 END OF SCHEDULE B