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PIONEER N ,.., i Iij. r�:; r i. QUITCLAIM DEED N,
sen'r H.I:, 4 t ltor, GLACIER PARK COMPANY, a Minnesota corporation, for and in
consideration of TEN DOLLARS ($10.00) and other valuable consideration, receipt of
which is hereby acknowledged. conveys and quitclaims to A. J. SACKS and A. J.
BLOCK, all of its right, title and interest in and to the following described real estate
situated in the City of Renton, County of King, State of Washington, including any
after acquired title:
All of Lot 1, Block 1, Burlington Northern Orillia Industrial Park
of Renton, Division I, according to plat recorded under No. 7809250902
in King County, Washington.
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RESERVING, however, unto said Grantor, its successors and assigns, a railroad
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easement including the right, privilege and easement to construct, maintain, repair,
renew, use, operate over, replace or remove railroad tracks, drainage facilities and
appurtenances thereto in, along. over, and upon and across the west 20 feet of the
Opremises
herein conveyed, to have and to hold said easement for so long as the same
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is used or required for railroad es and until said Grantor, its successors or
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assigns shalt remove all such facilities from the said premises with the intent to
abandon said easement.
As a further consideration for the conveyance of the premises, Grantees hereby
agree to construct or arrange for the construction on said premises within two (2)
} years from the date of this conveyance, a building of concrete tilt -up construction
containing not less than 100,000 square feet of floor area to be used by Tree Island
Steel Ltd. as a distribution facility. Grantees hereby also agree to construct or
arrange for the construction of a railroad spur track to serve said building for the
receipt and shipment of freight by railroad cars. In the event Grantees have not
constructed said building and said track within the said two (2) year period, Grantor
shall have the right for a period of one (1) year from and after the expiration of said
two (2) year period, to repurchase said premises for the same consideration paid by
Grantees, without: further compensation for any improvements located thereon, upon
giving written notice to Grantees of Grantor's intent to repurchase said premises.
Upon the service of such notice upon Grantees and the tender of the said consideration
to Grantees by Grantor, Grantees shall reoonvey said prEmises to the Grantor by good
and sufficient Warranty Deed, free and clear of all liens and encumbrances, except
for those enumerated in the conveyance contemplated hereby, and Grantees shall give
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to Grantor a title insurance policy evidencing such good title.
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This conveyance is further subject to the following:
i Regulatory control by the State Supervisor of Flood Control Zone
No. 2 inclusive within the boundaries hereof and other property
E lying within a flood basin - RCW 86.16.010.
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All easements, encumbrances and restrictions of record.
IN WITNESS WHEREOF, said corporation has caused this instrument to be
executed by its proper officer and its corporate seal to be hereunto affixed this
4 14th day of February , 1979.
GLACIER PARK COMPANY
2 KIN COU
EXCISE TAX PAID
FEB 2 21979 13Y
fVicePreaident
M =k 0S:,1907
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Attest.
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Asst. acratary
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STATE OF 14 UMSOTA
C County of Ramsey )
On Oda 14th day of February �. 1979, before me personally
appeared John P. Duke and G. F. Stainhibmil ,to me known
to be Vice President and Asst. Secretary of the corporation that executed
the within and foregoing instrument and acknowledged acid instrument to be the free
and voluntary act and deed of said corporation for the uses and purposes therein -
mentioned and on oath stated that they were authorised to execute the said instrument
and that the seal affixed is the corporate seal of said corporation.
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IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal -the day and year first above written.
x raoa4.a
J. W. THAYER �
`* NOTARY PURILii;
a
No Pa liC in Ad fortheStale
My Commission Expires Nov. 17, yeas of Minnesota, reqding at St. Paul.
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STATE OF 14 UMSOTA
C County of Ramsey )
On Oda 14th day of February �. 1979, before me personally
appeared John P. Duke and G. F. Stainhibmil ,to me known
to be Vice President and Asst. Secretary of the corporation that executed
the within and foregoing instrument and acknowledged acid instrument to be the free
and voluntary act and deed of said corporation for the uses and purposes therein -
mentioned and on oath stated that they were authorised to execute the said instrument
and that the seal affixed is the corporate seal of said corporation.
E
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official
seal -the day and year first above written.
x raoa4.a
J. W. THAYER �
`* NOTARY PURILii;
a
No Pa liC in Ad fortheStale
My Commission Expires Nov. 17, yeas of Minnesota, reqding at St. Paul.
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