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HomeMy WebLinkAboutL_Title_Report_190201_v1.pdf600 University St., Suite 2424 Seattle, WA 98101 Phone: (206) 628-2822 Fax: (206) 262-6292 27C101 (6/06)ALTA Commitment – 2006 Copyright 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. CCOOMMMMIITTMMEENNTT FFOORR TTIITTLLEE IINNSSUURRAANNCCEE Issued by Fidelity National Title Company of Washington, Inc as Agent for Fidelity National Title Insurance Company Fidelity National Title Company of Washington, Inc as agent for Fidelity National Title Insurance Company, a Florida 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 6 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. IN WITNESS WHEREOF, Fidelity National Title Company of Washington, Inc as agent for Fidelity National Title Insurance 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: John W. Jones, Senior Vice President Authorized Signature 27C101A (6/06)1 ALTA Commitment – 2006 Copyright 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. Fidelity National Title Company of Washington, Inc SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Company of Washington, Inc 600 University St., Suite 2424 Seattle, WA 98101 Title Officer: Marc Wise Escrow No.: 20377119-416-416 1.Effective Date: June 8, 2018 at 8:00 A.M. 2.Policy or Policies to be issued: ALTA 2006 Standard Owner's Policy - General Schedule Rate Proposed Insured:Purchaser with contractual rights under a purchase agreement with the vested owner identified at Item 4 below Amount:$5,461,200.00 (Assessed Value) Premium:$TBD Tax:$TBD Total:$TBD 3.The estate or interest in the land described or referred to in this Commitment is: A FEE 4.Title to the estate or interest in the land is at the Effective Date vested in: SRMRENTON, LLC, a Washington limited liability company 5.The land referred to in this Commitment is described as follows: See Exhibit A attached hereto and made a part hereof. File No.: 20377119-416-416 27C101A (6/06)2 ALTA Commitment – 2006 Copyright 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. EXHIBIT A LEGAL DESCRIPTION THOSE PORTIONS OF GOVERNMENT LOTS 4, 6, AND 7, BEING A PORTION OF THE SOUTHWEST QUARTER AND THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, WILLAMETTE MERIDIAN, KING COUNTY WASHINGTON, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID SOUTHEAST QUARTER OF SECTION 17; THENCE NORTH 89°45'17" WEST, ALONG THE NORTH LINE OF SAID SOUTHEAST QUARTER, A DISTANCE OF 1325.66 FEET TO THE NORTHEAST CORNER OF SAID GOVERNMENT LOT 7; THENCE SOUTH 01°08’15" WEST, ALONG THE EAST LINE OF GOVERNMENT LOT 7, A DISTANCE OF 561.54 FEET TO THE SOUTHEAST CORNER OF THAT STRIP OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20070716001845, RECORDS OF KING COUNTY, WASHINGTON AND THE POINT OF BEGINNING; THENCE NORTHWESTERLY ALONG THE SOUTHERLY BOUNDARY OF SAID STRIP OF LAND THE FOLLOWING COURSES AND DISTANCES: NORTH 43°36'56" WEST A DISTANCE OF 45.84 FEET; THENCE NORTH 45°13'07" WEST A DISTANCE OF 162.69 FEET; THENCE NORTH 45°01'03" WEST A DISTANCE OF 71.93 FEET; THENCE NORTH 44°48'32" WEST A DISTANCE OF 43.14 FEET; THENCE SOUTH 44°34'17" WEST A DISTANCE OF 18.55 FEET; THENCE NORTH 45°25'13" WEST A DISTANCE OF 97.58 FEET; THENCE NORTH 44°37'55" EAST A DISTANCE OF 20.00 FEET; THENCE NORTH 44°56'28" WEST A DISTANCE OF 33.44 FEET; THENCE NORTH 44°05'34" WEST A DISTANCE OF 53.75 FEET; THENCE SOUTH 45°14'28" WEST A DISTANCE OF 3.00 FEET; THENCE NORTH 44°05’34" WEST A DISTANCE OF 10.00 FEET; THENCE NORTH 45°14'28" EAST A DISTANCE OF 3.00 FEET; THENCE NORTH 44°05’34" WEST A DISTANCE OF 58.64 FEET; THENCE NORTH 43°03'39" WEST A DISTANCE OF 81.48 FEET; THENCE NORTH 42°20'14" WEST A DISTANCE OF 9.80 FEET; THENCE SOUTH 47°24'25" WEST A DISTANCE OF 3.04 FEET; THENCE NORTH 42°28'13" WEST A DISTANCE OF 10.00 FEET; THENCE NORTH 47°24'25" EAST A DISTANCE OF 3.02 FEET; THENCE NORTH 42°20'15" WEST A DISTANCE OF 30.15 FEET; THENCE SOUTH 47°56'38" WEST A DISTANCE OF 2.00 FEET; THENCE NORTH 42°03'22" WEST A DISTANCE OF 15.04 FEET; THENCE NORTH 47°56'38" EAST A DISTANCE OF 2.00 FEET; THENCE NORTH 41°42'44" WEST A DISTANCE OF 52.17 FEET; THENCE NORTH 86°11'31" WEST A DISTANCE OF 19.84 FEET TO THE SOUTHEASTERLY BOUNDARY OF THAT PARCEL OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20060515000366, RECORDS OF KING COUNTY, WASHINGTON; THENCE SOUTHWESTERLY, ALONG THE SOUTHEASTERLY BOUNDARY OF SAID PARCEL AND THE SOUTHEASTERLY BOUNDARY OF THAT PARCEL OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20060515000380 RECORDS OF KING COUNTY, WASHINGTON, ALONG THE FOLLOWING COURSES AND DISTANCES: SOUTH 47°51’06" WEST A DISTANCE OF 34.62 FEET; THENCE NORTH 42°08'54" WEST A DISTANCE OF 10.48 FEET; THENCE SOUTH 47°51'06" WEST A DISTANCE OF 3.44 FEET; THENCE SOUTHWEST ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A File No.: 20377119-416-416 EXHIBIT A (Continued) 27C101A (6/06)3 ALTA Commitment – 2006 Copyright 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. RADIUS OF 394.50 FEET THROUGH A CENTRAL ANGLE OF 04°35'00", A DISTANCE OF 31.56 FEET. THENCE NORTH 37°33'54" WEST A DISTANCE OF 4.50 FEET; THENCE SOUTHWEST ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT THE CENTER OF WHICH BEARS NORTH 37°33'54” WEST HAVING A RADIUS OF 390.00 FEET THROUGH A CENTRAL ANGLE OF 18°08'11", A DISTANCE OF 123.45 FEET; THENCE LEAVING SAID SOUTHEASTERLY BOUNDARIES SOUTH 47°51’38" WEST A DISTANCE OF 31.45 FEET; THENCE SOUTH 88°45'08" WEST A DISTANCE OF 251.95 FEET; THENCE SOUTH 39°43'43" WEST A DISTANCE OF 73.20 FEET; THENCE NORTH 78°45'32" WEST A DISTANCE OF 176.04 FEET; THENCE SOUTH 28°17'28" WEST A DISTANCE OF 410.47 FEET, MORE OR LESS, TO THE ORDINARY HIGH WATER LINE OF THE RIGHT BANK OF THE CEDAR RIVER; THENCE EASTERLY, ALONG SAID ORDINARY HIGH WATER LINE, TO A POINT ON THE EAST LINE OF SAID GOVERNMENT LOT 7 WHICH BEARS SOUTH 1°08'15" WEST FROM THE POINT OF BEGINNING; THENCE NORTH 01°08'15" EAST A DISTANCE OF 204.49 FEET TO THE POINT OF BEGINNING. TOGETHER WITH THAT PARCEL OF LAND THE BOUNDARY OF WHICH IS DESCRIBED AS FOLLOWS: COMMENCING AT THE EAST QUARTER CORNER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., KING COUNTY, WASHINGTON; THENCE NORTH 89°45'17" EAST, ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 17, 1325.66 FEET TO THE NORTHEAST CORNER OF GOVERNMENT LOT 7 OF SAID SECTION 17; THENCE SOUTH 01°08'15" EAST, ALONG THE EAST LINE OF SAID LOT 7, 699.60 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 86°05'30" EAST, 8.05 FEET; THENCE SOUTH 46°07!3" EAST, 10.07 FEET; THENCE SOUTH 32°15'04" EAST, 9.90 FEET; THENCE SOUTH 23°06'52" EAST, 20.37 FEET; THENCE SOUTH 20°04’33" EAST, 10.70 FEET; THENCE SOUTH 55°58'38" WEST, 9.81 FEET; THENCE SOUTH 60°06'50" WEST, 10.27 FEET; THENCE SOUTH 68°03'20° WEST, 9.72 FEET; THENCE SOUTH 67°57’27" WEST, 8.01 FEET TO SAID EAST LINE OF LOT 7; THENCE NORTH 01°08'15" EAST, 61.95 FEET TO THE TRUE POINT OF BEGINNING. EXCEPT THAT PARCEL OF LAND THE BOUNDARY OF WHICH IS DESCRIBED AS FOLLOWS: COMMENCING AT THE EAST QUARTER CORNER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., KING COUNTY, WASHINGTON THENCE NORTH 89°45'17" EAST, ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 17, 1325.66 FEET TO THE NORTHEAST CORNER OF GOVERNMENT LOT 7 OF SAID SECTION 17; THENCE SOUTH 01°08'15" EAST, ALONG THE EAST LINE OF SAID LOT 7, 561.54 FEET TO THE TRUE POINT OF BEGINNING; THENCE, CONTINUING ALONG SAID EAST LINE, SOUTH 01°08'15” WEST 138.06 FEET; THENCE NORTH 86°05'30" WEST, 3.63 FEET; THENCE NORTH 28°28,36" WEST, 31.94 FEET; File No.: 20377119-416-416 EXHIBIT A (Continued) 27C101A (6/06)4 ALTA Commitment – 2006 Copyright 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. THENCE NORTH 01°47'52" WEST, 32.22 FEET; THENCE NORTH 00°40'25" WEST, 56.39 FEET; THENCE NORTH 03°09'34" EAST, 24.54 FEET; THENCE NORTH 03°48'48" WEST, 21.14 FEET TO THE SOUTH LINE OF THAT STRIP OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20070716001845, RECORDS OF KING COUNTY, WASHINGTON; THENCE SOUTH 43°36’56" EAST, ALONG SAID SOUTH LINE, 33.81 FEET TO THE TRUE POINT OF BEGINNING SITUATE IN THE CITY OF RENTON, COUNTY OF KING, STATE OF WASHINGTON. PARCEL MAP File No.: 20377119-416-416 27C101BI (6/06)5 ALTA Commitment – 2006 Copyright 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. SCHEDULE B – SECTION I REQUIREMENTS 1.INSTRUMENTS NECESSARY TO CREATE THE ESTATE OR INTEREST MUST BE PROPERLY EXECUTED, DELIVERED AND DULY FILED FOR THE RECORD. 2.PAYMENT TO OR FOR THE ACCOUNT OF THE GRANTORS OR MORTGAGORS OF THE FULL CONSIDERATION FOR THE ESTATE OR INTEREST TO BE INSURED. SCHEDULE B OF THIS 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.RIGHTS OR CLAIMS OF PARTIES IN POSSESSION, OR CLAIMING POSSESSION, NOT SHOWN BY THE PUBLIC RECORDS. B.ANY ENCROACHMENT, ENCUMBRANCE, VIOLATION, VARIATION, OR ADVERSE CIRCUMSTANCE AFFECTING THE TITLE THAT WOULD BE DISCLOSED BY AN ACCURATE AND COMPLETE LAND SURVEY OF THE LAND. C.EASEMENTS, PRESCRIPTIVE RIGHTS, RIGHTS-OF-WAY, LIENS OR ENCUMBRANCES, OR CLAIMS THEREOF, NOT SHOWN BY THE PUBLIC RECORDS. D.ANY LIEN, OR RIGHT TO A LIEN, FOR CONTRIBUTIONS TO EMPLOYEE BENEFIT FUNDS, OR FOR THE STATE WORKERS’ COMPENSATION, OR FOR SERVICES, LABOR, OR MATERIAL HERETOFORE OR HEREAFTER FURNISHED, ALL AS IMPOSED BY LAW, AND NOT SHOWN BY THE PUBLIC RECORDS. E.TAXES OR SPECIAL ASSESSMENTS WHICH ARE NOT YET PAYABLE OR WHICH ARE SHOWN AS EXISTING LIENS BY THE PUBLIC RECORDS. F.ANY LIEN FOR SERVICE, INSTALLATION, CONNECTION, MAINTENANCE, TAP, CAPACITY, OR CONSTRUCTION OR SIMILAR CHARGES FOR SEWER, WATER, ELECTRICITY, NATURAL GAS OR OTHER UTILITIES, OR FOR GARBAGE COLLECTION AND DISPOSAL NOT SHOWN BY THE PUBLIC RECORDS. G.UNPATENTED MINING CLAIMS, AND ALL RIGHTS RELATING THERETO. H.RESERVATIONS AND EXCEPTIONS IN UNITED STATES PATENTS OR IN ACTS AUTHORIZING THE ISSUANCE THEREOF. I.INDIAN TRIBAL CODES OR REGULATION, INDIAN TREATY OR ABORIGINAL RIGHTS, INCLUDING EASEMENT OR EQUITABLE SERVITUDES. J.WATER RIGHTS, CLAIMS OR TITLE TO WATER. K.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. END OF SCHEDULE B – SECTION I File No.: 20377119-416-416 27C101BII (6/06)6 ALTA Commitment – 2006 Copyright 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. SCHEDULE B – SECTION II EXCEPTIONS 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: 1.REAL ESTATE EXCISE TAX PURSUANT TO THE AUTHORITY OF RCW CHAPTER 82.45 AND SUBSEQUENT AMENDMENTS THERETO. AS OF THE DATE HEREIN, THE TAX RATE FOR SAID PROPERTY IS 1.78% . FOR ALL TRANSACTIONS RECORDED ON OR AFTER JULY 1, 2005: A FEE OF $10.00 WILL BE CHARGED ON ALL EXEMPT TRANSACTIONS; A FEE OF $5.00 WILL BE CHARGED ON ALL TAXABLE TRANSACTIONS IN ADDITION TO THE EXCISE TAX DUE; 2.GENERAL PROPERTY TAXES AND SERVICE CHARGES, AS FOLLOWS, TOGETHER WITH INTEREST, PENALTY AND STATUTORY FORECLOSURE COSTS, IF ANY, AFTER DELINQUENCY: (1ST HALF DELINQUENT ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1) TAX ACCOUNT NO.:172305 9026 YEAR BILLED PAID BALANCE 2018 $68,381.43 $34,190.72 $34,190.71 TOTAL AMOUNT DUE, NOT INCLUDING INTEREST AND PENALTY: $34,190.71. LEVY CODE:2100 ASSESSED VALUE LAND:$5,461,200.00 ASSESSED VALUE IMPROVEMENTS:$0.00 3.LIABILITY FOR SEWER TREATMENT CAPACITY CHARGES, IF ANY, AFFECTING CERTAIN AREAS OF KING, PIERCE AND SNOHOMISH COUNTIES. SAID CHARGES COULD APPLY TO PROPERTY CONNECTING TO THE METROPOLITAN SEWERAGE FACILITIES OR RECONNECTING OR CHANGING ITS USE AND/OR STRUCTURE AFTER FEBRUARY 1, 1990. PLEASE CONTACT THE KING COUNTY WASTEWATER TREATMENT DIVISION, CAPACITY CHARGE PROGRAM, FOR FURTHER INFORMATION AT 206-296-1450 OR FAX NO. 206-263-6823 OR EMAIL AT CAPCHARGEESCROW@KINGCOUNTY.GOV * A MAP SHOWING SEWER SERVICE AREA BOUNDARIES AND INCORPORATED AREAS CAN BE FOUND AT: HTTP://AQUA.KINGCOUNTY.GOV/GIS/WEB/WEB/VMC/UTILITIES/SERVAREA_CITIES.PDF UNRECORDED SEWER CAPACITY CHARGES ARE NOT A LIEN ON TITLE TO THE LAND. NOTE: THIS EXCEPTION WILL NOT APPEAR IN THE POLICY TO BE ISSUED. File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)7 ALTA Commitment – 2006 Copyright 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. 4.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:CHICAGO MILWAUKEE AND ST. PAUL RAILWAY COMPANY PURPOSE:ELECTRIC TRANSMISSION SYSTEM AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MARCH 30, 2018 RECORDING NO.:1202688 5.RESERVATIONS OF ALL COAL, MINERALS AND OIL. RECORDED:MARCH 19, 1943 RECORDING NO.:3297860 6.COVENANTS, CONDITIONS, RESTRICTIONS, RIGHTS AND RESERVATIONS IMPOSED BY DEED RECORDED ON JULY 23, 1946, UNDER RECORDING NO. 3590983. 7.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PUGET SOUND POWER & LIGHT COMPANY PURPOSE:GUY AND ANCHOR AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 10, 1961 RECORDING NO.:5282217 8.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: ESTABLISHED IN CAUSE NO.:760503 PURPOSE:UTILITY AND DRAINAGE FACILITIES AREA AFFECTED:PORTIONS OF SAID PREMISES 9.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: ESTABLISHED IN CAUSE NO.:761406 PURPOSE:SANITARY SEWER LINE AREA AFFECTED:A PORTION OF SAID PREMISES 10.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PUGET SOUND POWER & LIGHT COMPANY PURPOSE:UNDERGROUND ELECTRIC TRANSMISSION AND/OR DISTRIBUTION SYSTEM AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:APRIL 22, 1980 RECORDING NO.:8004220486 File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)8 ALTA Commitment – 2006 Copyright 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. 11.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PACIFIC NORTHWEST BELL TELEPHONE COMPANY PURPOSE:UNDERGROUND COMMUNICATION LINES AND ABOVE GROUND CABINETS AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:OCTOBER 11, 1984 RECORDING NO.:8410110422 12.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:SLOPE EASEMENT AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 15, 2006 RECORDING NO.:20060515000367 13.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:TEMPORARY EASEMENT FOR SIDEWALK AND SLOPE PURPOSES AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 15, 2006 RECORDING NO.:20060515000368 14.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:SLOPE EASEMENT AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:JULY 16, 2007 RECORDING NO.:20070716001844 15.NOTICE OF CLAIM OF ADVERSE POSSESSION RECORDED:FEBRUARY 13, 2008 RECORDING NO.:20080213002215 16.AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: RECORDED:APRIL 25, 2008 RECORDING NO.:20080425001357 REGARDING:EMERGENCY ACCESS AGREEMENT 17.TERMS AND CONDITIONS OF “BOUNDARY LINE AND EASEMENT AGREEMENT AND QUIT CLAIMS” IMPOSED BY INSTRUMENT RECORDED ON JANUARY 12, 2009, UNDER RECORDING NO. 20090112001505. File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)9 ALTA Commitment – 2006 Copyright 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. 18.RIGHT OF THE STATE OF WASHINGTON IN AND TO THAT PORTION, IF ANY, OF THE LAND HEREIN DESCRIBED WHICH LIES BELOW THE LINE OF ORDINARY HIGH WATER OF THE CEDAR RIVER. 19.ANY CHANGE IN THE BOUNDARY OR LEGAL DESCRIPTION OF THE LAND DESCRIBED HEREIN, DUE TO A SHIFT OR CHANGE IN THE COURSE OF THE CEDAR RIVER. 20.RIGHTS AND EASEMENTS OF THE PUBLIC FOR COMMERCE, NAVIGATION, RECREATION AND FISHERIES. 21.ANY RESTRICTIONS ON THE USE OF THE LAND RESULTING FROM THE RIGHTS OF THE PUBLIC OR RIPARIAN OWNERS TO USE ANY PORTION WHICH IS NOW, OR HAS BEEN, COVERED BY WATER. 22.UNRECORDED LEASEHOLDS, IF ANY; RIGHTS OF VENDORS AND HOLDERS OF SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON THE LAND; AND RIGHTS OF TENANTS TO REMOVE TRADE FIXTURES AT THE EXPIRATION OF THE TERM. 23.RIGHT, TITLE AND INTEREST OF MERLINO CONSTRUCTION, AS DISCLOSED BY THE APPLICATION FOR TITLE INSURANCE. WE FIND NO CONVEYANCES OF RECORD INTO SAID PARTY. 24.THE SEARCH DID NOT DISCLOSE ANY OPEN MORTGAGES OR DEEDS OF TRUST OF RECORD, THEREFORE THE COMPANY RESERVES THE RIGHT TO REQUIRE FURTHER EVIDENCE TO CONFIRM THAT THE PROPERTY IS UNENCUMBERED, AND FURTHER RESERVES THE RIGHT TO MAKE ADDITIONAL REQUIREMENTS OR ADD ADDITIONAL ITEMS OR EXCEPTIONS UPON RECEIPT OF THE REQUESTED EVIDENCE. 25.MATTERS DISCLOSED BY SURVEY: RECORDED:AUGUST 02, 1987 RECORDING NO.:8708029012 26.MATTERS DISCLOSED BY SURVEY: RECORDED:MARCH 26, 2007 RECORDING NO.:20070326900001 AND AMENDMENT THERETO: RECORDED:MARCH 28, 2008 RECORDING NO.:20080328900011 File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)10 ALTA Commitment – 2006 Copyright 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. 27.MATTERS DISCLOSED BY SURVEY: RECORDED:JANUARY 29, 2009 RECORDING NO.:20090129900011 28.MATTERS RELATING TO THE QUESTIONS OF SURVEY, RIGHTS OF PARTIES IN POSSESSION, AND UNRECORDED LIEN RIGHTS FOR LABOR AND MATERIAL, IF ANY, THE DISPOSITION OF WHICH WILL BE FURNISHED BY SUPPLEMENTAL REPORT. END OF SCHEDULE B – SECTION II File No.: 20377119-416-416 27C101 Notes (6/06)11 ALTA Commitment – 2006 Copyright 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. NOTES NOTE 1:NOTICE: PLEASE BE AWARE THAT DUE TO THE CONFLICT BETWEEN FEDERAL AND STATE LAWS CONCERNING THE CULTIVATION, DISTRIBUTION, MANUFACTURE OR SALE OF MARIJUANA, THE COMPANY IS NOT ABLE TO CLOSE OR INSURE ANY TRANSACTION INVOLVING LAND THAT IS ASSOCIATED WITH THESE ACTIVITIES. NOTE 2:WE ARE INFORMED THAT SRMRENTON, LLC, IS A LIMITED LIABILITY COMPANY (LLC). A COPY OF THE DUPLICATE ORIGINAL OF THE FILED LLC CERTIFICATE OF FORMATION, THE LLC AGREEMENT, AND ALL SUBSEQUENT MODIFICATIONS OR AMENDMENTS MUST BE SUBMITTED TO THE COMPANY FOR REVIEW. NOTE 3:ANY CONVEYANCE OR MORTGAGE BY SRMRENTON, LLC, A LIMITED LIABILITY COMPANY (LLC), MUST BE EXECUTED BY ALL THE MEMBERS, OR EVIDENCE SUBMITTED THAT CERTAIN DESIGNATED MEMBERS OR MANAGERS HAVE BEEN AUTHORIZED TO ACT FOR THE LIMITED LIABILITY COMPANY. NOTE 4:EVIDENCE AND AUTHORITY OF THE OFFICERS OF MERLINO CONSTRUCTION, A CORPORATION, TO EXECUTE THE FORTHCOMING INSTRUMENT SHOULD BE SUBMITTED. NOTE 5:THE COMPANY HAS BEEN ASKED TO ISSUE AN OWNER’S POLICY WITHOUT DISCLOSURE OF THE LIABILITY AMOUNT. THE COMPANY MAY HAVE FURTHER REQUIREMENTS IF THE UNDISCLOSED AMOUNT TO BE INSURED EXCEEDS THE CURRENT ASSESSED VALUATION. NOTE 6:TITLE WILL BE VESTED IN PARTIES YET TO BE DISCLOSED. WHEN TITLE IS VESTED, THEIR TITLE WILL BE SUBJECT TO MATTERS OF RECORD, IF ANY, AGAINST THEIR NAMES. NOTE 7:BASED ON INFORMATION PROVIDED TO THE COMPANY, ON THE DATE OF THIS COMMITMENT IT APPEARS THAT THERE IS LOCATED ON THE LAND: COMMERCIAL/INDUSTRIAL KNOWN AS: STONEWAY SAND AND GRAVEL LAND RENTON, WA 98057 NOTE 8:IF YOU WOULD LIKE THE COMPANY TO ACT AS TRUSTEE IN THE PROPOSED DEED OF TRUST, PLEASE NOTE THAT FIDELITY NATIONAL TITLE COMPANY OF WASHINGTON, INC MAY ACT AS TRUSTEE OF A DEED OF TRUST UNDER RCW 61.24.010(1). NOTE 9:THE COMPANY REQUIRES THE PROPOSED INSURED TO VERIFY THAT THE LAND COVERED BY THIS COMMITMENT IS THE LAND INTENDED TO BE CONVEYED IN THIS TRANSACTION. THE DESCRIPTION OF THE LAND MAY BE INCORRECT, IF THE APPLICATION FOR TITLE INSURANCE CONTAINED INCOMPLETE OR INACCURATE INFORMATION. NOTIFY THE COMPANY WELL BEFORE CLOSING IF CHANGES ARE NECESSARY. CLOSING INSTRUCTIONS MUST INDICATE THAT THE LEGAL DESCRIPTION HAS BEEN REVIEWED AND APPROVED BY ALL PARTIES. File No.: 20377119-416-416 NOTES (Continued) 27C101 Notes (6/06)12 ALTA Commitment – 2006 Copyright 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. NOTE 10:THE FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED, PER AMENDED RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WITHIN THE BODY OF THE DOCUMENT. PTN GOV LOTS 4, 6 & 7 IN SW1/4 AND SE1/4 STR 17-23-05E TAX LOT 9026 NOTE 11:IN THE EVENT THAT THE COMMITMENT JACKET IS NOT ATTACHED HERETO, ALL OF THE TERMS, CONDITIONS AND PROVISIONS CONTAINED IN SAID JACKET ARE INCORPORATED HEREIN. THE COMMITMENT JACKET IS AVAILABLE FOR INSPECTION AT ANY COMPANY OFFICE. NOTE 12:THE POLICY(S) OF INSURANCE MAY CONTAIN A CLAUSE PERMITTING ARBITRATION OF CLAIMS AT THE REQUEST OF EITHER THE INSURED OR THE COMPANY. UPON REQUEST, THE COMPANY WILL PROVIDE A COPY OF THIS CLAUSE AND THE ACCOMPANYING ARBITRATION RULES PRIOR TO THE CLOSING OF THE TRANSACTION. NOTE 13:PRIOR TO CLOSING PLEASE CONTACT YOUR TITLE OFFICER FOR CURRENT COURIER AND/OR ACCOMMODATION FEES WHICH MAY BE CHARGED FOR RECORDING RUNS. END OF NOTES 27C101 (6/06)13 ALTA Commitment – 2006 Copyright 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. 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 of 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/>. Wire Fraud Alert Page 1 Original Effective Date: 5/11/2017 Current Version Date: 5/11/2017 WIRE0016 (DSI Rev. 12/07/17) TM and © Fidelity National Financial, Inc. and/or an affiliate. All rights reserved Wire Fraud Alert This Notice is not intended to provide legal or professional advice. If you have any questions, please consult with a lawyer. All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email, without further verification. If funds are to be wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire instructions through a known, trusted phone number prior to sending funds. In addition, the following non‐exclusive self‐protection strategies are recommended to minimize exposure to possible wire fraud. NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire instructions in the course of a transaction. ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the phone number of relevant parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster. USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols. Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts. USE MULTI-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature. For more information on wire‐fraud scams or to report an incident, please refer to the following links: Federal Bureau of Investigation:Internet Crime Complaint Center: http://www.fbi.gov http://www.ic3.gov FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 1 Order No. 20377119-416-416-MAW FIDELITY NATIONAL FINANCIAL, INC. PRIVACY NOTICE Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, “FNF,” “our,” or “we”) respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. Types of Information Collected We may collect two types of information from you: Personal Information and Browsing Information. Personal Information. FNF may collect the following categories of Personal Information: contact information (e.g., name, address, phone number, email address); demographic information (e.g., date of birth, gender, marital status); identity information (e.g., Social Security Number, driver’s license, passport, or other government ID number); financial account information (e.g., loan or bank account information); and other personal information necessary to provide products or services to you. Browsing Information. FNF may automatically collect the following types of Browsing Information when you access an FNF website, online service, or application (each an “FNF Website”) from your Internet browser, computer, and/or mobile device: Internet Protocol (IP) address and operating system; browser version, language, and type; domain name system requests; and browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website How Personal Information is Collected We may collect Personal Information about you from: information we receive from you on applications or other forms; information about your transactions with FNF, our affiliates, or others; and information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. How Browsing Information is Collected If you visit or use an FNF Website, Browsing Information may be collected during your visit. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a “cookie” may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer’s hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to “Do Not Track” features enabled through your browser. Links to Other Sites. FNF Websites may contain links to other websites. FNF is not responsible for the privacy practices or the content of any of those other websites. We advise you to read the privacy policy of every website you visit. Use of Personal Information FNF uses Personal Information for three main purposes: To provide products and services to you or in connection with a transaction involving you. To improve our products and services. To communicate with you about our, our affiliates’, and third parties’ products and services, jointly or independently. When Information Is Disclosed We may make disclosures of your Personal Information and Browsing Information in the following circumstances: to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure; to nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions; to nonaffiliated third party service providers with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you; FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 2 Order No. 20377119-416-416-MAW to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Please see “Choices With Your Information” to learn the disclosures you can restrict. Security of Your Information We maintain physical, electronic, and procedural safeguards to guard your Personal Information. We limit access to nonpublic personal information about you to employees who need to know that information to do their job. When we provide Personal Information to others as discussed in this Privacy Notice, we expect that they process such information in compliance with our Privacy Notice and in compliance with applicable privacy laws. Choices With Your Information If you do not want FNF to share your information with our affiliates to directly market to you, you may send an “opt out” request by email, phone, or physical mail as directed at the end of this Privacy Notice. We do not share your Personal Information with nonaffiliates for their use to direct market to you. Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. For California Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties, except as permitted by California law. For Nevada Residents: You may be placed on our internal Do Not Call List by calling (888) 934-3354 or by contacting us via the information set forth at the end of this Privacy Notice. Nevada law requires that we also provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: BCPINFO@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For Vermont Residents: We will not share information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are meant for adults and are not intended or designed to attract persons under the age of eighteen (18).We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF’s headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence for any of the purposes described in this Privacy Notice. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the “Service Websites”). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender’s privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender’s privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except (1) as required or authorized by contract with the mortgage loan servicer or lender, or (2) as required by law or in the good-faith belief that such disclosure is necessary to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 3 Order No. 20377119-416-416-MAW By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The revised Privacy Notice, showing the new revision date, will be posted on the FNF Website. Each time you provide information to us following any amendment of this Privacy Notice, your provision of information to us will signify your assent to and acceptance of the terms of the revised Privacy Notice for all previously collected information and information collected from you in the future. We may use comments, information or feedback that you submit to us in any manner that we may choose without notice or compensation to you. Accessing and Correcting Information; Contact Us If you have questions, would like to access or correct your Personal Information, or want to opt-out of information sharing for affiliate marketing, send your requests via email to privacy@fnf.com, by phone to (888) 934-3354, or by mail to: Fidelity National Financial, Inc. 601 Riverside Avenue Jacksonville, Florida 32204 Attn: Chief Privacy Officer 600 University St., Suite 2424 Seattle, WA 98101 Phone: (206) 628-2822 Fax: (206) 262-6292 27C101 (6/06)ALTA Commitment – 2006 Copyright 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. CCOOMMMMIITTMMEENNTT FFOORR TTIITTLLEE IINNSSUURRAANNCCEE Issued by Fidelity National Title Company of Washington, Inc as Agent for Fidelity National Title Insurance Company Fidelity National Title Company of Washington, Inc as agent for Fidelity National Title Insurance Company, a Florida 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 6 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. IN WITNESS WHEREOF, Fidelity National Title Company of Washington, Inc as agent for Fidelity National Title Insurance 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: John W. Jones, Senior Vice President Authorized Signature 27C101A (6/06)1 ALTA Commitment – 2006 Copyright 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. Fidelity National Title Company of Washington, Inc SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Company of Washington, Inc 600 University St., Suite 2424 Seattle, WA 98101 Title Officer: Marc Wise Escrow No.: 20377119-416-416 1.Effective Date: June 8, 2018 at 8:00 A.M. 2.Policy or Policies to be issued: ALTA 2006 Standard Owner's Policy - General Schedule Rate Proposed Insured:Purchaser with contractual rights under a purchase agreement with the vested owner identified at Item 4 below Amount:$5,461,200.00 (Assessed Value) Premium:$TBD Tax:$TBD Total:$TBD 3.The estate or interest in the land described or referred to in this Commitment is: A FEE 4.Title to the estate or interest in the land is at the Effective Date vested in: SRMRENTON, LLC, a Washington limited liability company 5.The land referred to in this Commitment is described as follows: See Exhibit A attached hereto and made a part hereof. File No.: 20377119-416-416 27C101A (6/06)2 ALTA Commitment – 2006 Copyright 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. EXHIBIT A LEGAL DESCRIPTION THOSE PORTIONS OF GOVERNMENT LOTS 4, 6, AND 7, BEING A PORTION OF THE SOUTHWEST QUARTER AND THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, WILLAMETTE MERIDIAN, KING COUNTY WASHINGTON, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID SOUTHEAST QUARTER OF SECTION 17; THENCE NORTH 89°45'17" WEST, ALONG THE NORTH LINE OF SAID SOUTHEAST QUARTER, A DISTANCE OF 1325.66 FEET TO THE NORTHEAST CORNER OF SAID GOVERNMENT LOT 7; THENCE SOUTH 01°08’15" WEST, ALONG THE EAST LINE OF GOVERNMENT LOT 7, A DISTANCE OF 561.54 FEET TO THE SOUTHEAST CORNER OF THAT STRIP OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20070716001845, RECORDS OF KING COUNTY, WASHINGTON AND THE POINT OF BEGINNING; THENCE NORTHWESTERLY ALONG THE SOUTHERLY BOUNDARY OF SAID STRIP OF LAND THE FOLLOWING COURSES AND DISTANCES: NORTH 43°36'56" WEST A DISTANCE OF 45.84 FEET; THENCE NORTH 45°13'07" WEST A DISTANCE OF 162.69 FEET; THENCE NORTH 45°01'03" WEST A DISTANCE OF 71.93 FEET; THENCE NORTH 44°48'32" WEST A DISTANCE OF 43.14 FEET; THENCE SOUTH 44°34'17" WEST A DISTANCE OF 18.55 FEET; THENCE NORTH 45°25'13" WEST A DISTANCE OF 97.58 FEET; THENCE NORTH 44°37'55" EAST A DISTANCE OF 20.00 FEET; THENCE NORTH 44°56'28" WEST A DISTANCE OF 33.44 FEET; THENCE NORTH 44°05'34" WEST A DISTANCE OF 53.75 FEET; THENCE SOUTH 45°14'28" WEST A DISTANCE OF 3.00 FEET; THENCE NORTH 44°05’34" WEST A DISTANCE OF 10.00 FEET; THENCE NORTH 45°14'28" EAST A DISTANCE OF 3.00 FEET; THENCE NORTH 44°05’34" WEST A DISTANCE OF 58.64 FEET; THENCE NORTH 43°03'39" WEST A DISTANCE OF 81.48 FEET; THENCE NORTH 42°20'14" WEST A DISTANCE OF 9.80 FEET; THENCE SOUTH 47°24'25" WEST A DISTANCE OF 3.04 FEET; THENCE NORTH 42°28'13" WEST A DISTANCE OF 10.00 FEET; THENCE NORTH 47°24'25" EAST A DISTANCE OF 3.02 FEET; THENCE NORTH 42°20'15" WEST A DISTANCE OF 30.15 FEET; THENCE SOUTH 47°56'38" WEST A DISTANCE OF 2.00 FEET; THENCE NORTH 42°03'22" WEST A DISTANCE OF 15.04 FEET; THENCE NORTH 47°56'38" EAST A DISTANCE OF 2.00 FEET; THENCE NORTH 41°42'44" WEST A DISTANCE OF 52.17 FEET; THENCE NORTH 86°11'31" WEST A DISTANCE OF 19.84 FEET TO THE SOUTHEASTERLY BOUNDARY OF THAT PARCEL OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20060515000366, RECORDS OF KING COUNTY, WASHINGTON; THENCE SOUTHWESTERLY, ALONG THE SOUTHEASTERLY BOUNDARY OF SAID PARCEL AND THE SOUTHEASTERLY BOUNDARY OF THAT PARCEL OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20060515000380 RECORDS OF KING COUNTY, WASHINGTON, ALONG THE FOLLOWING COURSES AND DISTANCES: SOUTH 47°51’06" WEST A DISTANCE OF 34.62 FEET; THENCE NORTH 42°08'54" WEST A DISTANCE OF 10.48 FEET; THENCE SOUTH 47°51'06" WEST A DISTANCE OF 3.44 FEET; THENCE SOUTHWEST ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT HAVING A File No.: 20377119-416-416 EXHIBIT A (Continued) 27C101A (6/06)3 ALTA Commitment – 2006 Copyright 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. RADIUS OF 394.50 FEET THROUGH A CENTRAL ANGLE OF 04°35'00", A DISTANCE OF 31.56 FEET. THENCE NORTH 37°33'54" WEST A DISTANCE OF 4.50 FEET; THENCE SOUTHWEST ALONG THE ARC OF A NON-TANGENT CURVE TO THE RIGHT THE CENTER OF WHICH BEARS NORTH 37°33'54” WEST HAVING A RADIUS OF 390.00 FEET THROUGH A CENTRAL ANGLE OF 18°08'11", A DISTANCE OF 123.45 FEET; THENCE LEAVING SAID SOUTHEASTERLY BOUNDARIES SOUTH 47°51’38" WEST A DISTANCE OF 31.45 FEET; THENCE SOUTH 88°45'08" WEST A DISTANCE OF 251.95 FEET; THENCE SOUTH 39°43'43" WEST A DISTANCE OF 73.20 FEET; THENCE NORTH 78°45'32" WEST A DISTANCE OF 176.04 FEET; THENCE SOUTH 28°17'28" WEST A DISTANCE OF 410.47 FEET, MORE OR LESS, TO THE ORDINARY HIGH WATER LINE OF THE RIGHT BANK OF THE CEDAR RIVER; THENCE EASTERLY, ALONG SAID ORDINARY HIGH WATER LINE, TO A POINT ON THE EAST LINE OF SAID GOVERNMENT LOT 7 WHICH BEARS SOUTH 1°08'15" WEST FROM THE POINT OF BEGINNING; THENCE NORTH 01°08'15" EAST A DISTANCE OF 204.49 FEET TO THE POINT OF BEGINNING. TOGETHER WITH THAT PARCEL OF LAND THE BOUNDARY OF WHICH IS DESCRIBED AS FOLLOWS: COMMENCING AT THE EAST QUARTER CORNER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., KING COUNTY, WASHINGTON; THENCE NORTH 89°45'17" EAST, ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 17, 1325.66 FEET TO THE NORTHEAST CORNER OF GOVERNMENT LOT 7 OF SAID SECTION 17; THENCE SOUTH 01°08'15" EAST, ALONG THE EAST LINE OF SAID LOT 7, 699.60 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 86°05'30" EAST, 8.05 FEET; THENCE SOUTH 46°07!3" EAST, 10.07 FEET; THENCE SOUTH 32°15'04" EAST, 9.90 FEET; THENCE SOUTH 23°06'52" EAST, 20.37 FEET; THENCE SOUTH 20°04’33" EAST, 10.70 FEET; THENCE SOUTH 55°58'38" WEST, 9.81 FEET; THENCE SOUTH 60°06'50" WEST, 10.27 FEET; THENCE SOUTH 68°03'20° WEST, 9.72 FEET; THENCE SOUTH 67°57’27" WEST, 8.01 FEET TO SAID EAST LINE OF LOT 7; THENCE NORTH 01°08'15" EAST, 61.95 FEET TO THE TRUE POINT OF BEGINNING. EXCEPT THAT PARCEL OF LAND THE BOUNDARY OF WHICH IS DESCRIBED AS FOLLOWS: COMMENCING AT THE EAST QUARTER CORNER OF SECTION 17, TOWNSHIP 23 NORTH, RANGE 5 EAST, W.M., KING COUNTY, WASHINGTON THENCE NORTH 89°45'17" EAST, ALONG THE NORTH LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 17, 1325.66 FEET TO THE NORTHEAST CORNER OF GOVERNMENT LOT 7 OF SAID SECTION 17; THENCE SOUTH 01°08'15" EAST, ALONG THE EAST LINE OF SAID LOT 7, 561.54 FEET TO THE TRUE POINT OF BEGINNING; THENCE, CONTINUING ALONG SAID EAST LINE, SOUTH 01°08'15” WEST 138.06 FEET; THENCE NORTH 86°05'30" WEST, 3.63 FEET; THENCE NORTH 28°28,36" WEST, 31.94 FEET; File No.: 20377119-416-416 EXHIBIT A (Continued) 27C101A (6/06)4 ALTA Commitment – 2006 Copyright 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. THENCE NORTH 01°47'52" WEST, 32.22 FEET; THENCE NORTH 00°40'25" WEST, 56.39 FEET; THENCE NORTH 03°09'34" EAST, 24.54 FEET; THENCE NORTH 03°48'48" WEST, 21.14 FEET TO THE SOUTH LINE OF THAT STRIP OF LAND CONVEYED TO THE CITY OF RENTON BY DEED RECORDED UNDER RECORDING NUMBER 20070716001845, RECORDS OF KING COUNTY, WASHINGTON; THENCE SOUTH 43°36’56" EAST, ALONG SAID SOUTH LINE, 33.81 FEET TO THE TRUE POINT OF BEGINNING SITUATE IN THE CITY OF RENTON, COUNTY OF KING, STATE OF WASHINGTON. PARCEL MAP File No.: 20377119-416-416 27C101BI (6/06)5 ALTA Commitment – 2006 Copyright 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. SCHEDULE B – SECTION I REQUIREMENTS 1.INSTRUMENTS NECESSARY TO CREATE THE ESTATE OR INTEREST MUST BE PROPERLY EXECUTED, DELIVERED AND DULY FILED FOR THE RECORD. 2.PAYMENT TO OR FOR THE ACCOUNT OF THE GRANTORS OR MORTGAGORS OF THE FULL CONSIDERATION FOR THE ESTATE OR INTEREST TO BE INSURED. SCHEDULE B OF THIS 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.RIGHTS OR CLAIMS OF PARTIES IN POSSESSION, OR CLAIMING POSSESSION, NOT SHOWN BY THE PUBLIC RECORDS. B.ANY ENCROACHMENT, ENCUMBRANCE, VIOLATION, VARIATION, OR ADVERSE CIRCUMSTANCE AFFECTING THE TITLE THAT WOULD BE DISCLOSED BY AN ACCURATE AND COMPLETE LAND SURVEY OF THE LAND. C.EASEMENTS, PRESCRIPTIVE RIGHTS, RIGHTS-OF-WAY, LIENS OR ENCUMBRANCES, OR CLAIMS THEREOF, NOT SHOWN BY THE PUBLIC RECORDS. D.ANY LIEN, OR RIGHT TO A LIEN, FOR CONTRIBUTIONS TO EMPLOYEE BENEFIT FUNDS, OR FOR THE STATE WORKERS’ COMPENSATION, OR FOR SERVICES, LABOR, OR MATERIAL HERETOFORE OR HEREAFTER FURNISHED, ALL AS IMPOSED BY LAW, AND NOT SHOWN BY THE PUBLIC RECORDS. E.TAXES OR SPECIAL ASSESSMENTS WHICH ARE NOT YET PAYABLE OR WHICH ARE SHOWN AS EXISTING LIENS BY THE PUBLIC RECORDS. F.ANY LIEN FOR SERVICE, INSTALLATION, CONNECTION, MAINTENANCE, TAP, CAPACITY, OR CONSTRUCTION OR SIMILAR CHARGES FOR SEWER, WATER, ELECTRICITY, NATURAL GAS OR OTHER UTILITIES, OR FOR GARBAGE COLLECTION AND DISPOSAL NOT SHOWN BY THE PUBLIC RECORDS. G.UNPATENTED MINING CLAIMS, AND ALL RIGHTS RELATING THERETO. H.RESERVATIONS AND EXCEPTIONS IN UNITED STATES PATENTS OR IN ACTS AUTHORIZING THE ISSUANCE THEREOF. I.INDIAN TRIBAL CODES OR REGULATION, INDIAN TREATY OR ABORIGINAL RIGHTS, INCLUDING EASEMENT OR EQUITABLE SERVITUDES. J.WATER RIGHTS, CLAIMS OR TITLE TO WATER. K.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. END OF SCHEDULE B – SECTION I File No.: 20377119-416-416 27C101BII (6/06)6 ALTA Commitment – 2006 Copyright 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. SCHEDULE B – SECTION II EXCEPTIONS 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: 1.REAL ESTATE EXCISE TAX PURSUANT TO THE AUTHORITY OF RCW CHAPTER 82.45 AND SUBSEQUENT AMENDMENTS THERETO. AS OF THE DATE HEREIN, THE TAX RATE FOR SAID PROPERTY IS 1.78% . FOR ALL TRANSACTIONS RECORDED ON OR AFTER JULY 1, 2005: A FEE OF $10.00 WILL BE CHARGED ON ALL EXEMPT TRANSACTIONS; A FEE OF $5.00 WILL BE CHARGED ON ALL TAXABLE TRANSACTIONS IN ADDITION TO THE EXCISE TAX DUE; 2.GENERAL PROPERTY TAXES AND SERVICE CHARGES, AS FOLLOWS, TOGETHER WITH INTEREST, PENALTY AND STATUTORY FORECLOSURE COSTS, IF ANY, AFTER DELINQUENCY: (1ST HALF DELINQUENT ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1) TAX ACCOUNT NO.:172305 9026 YEAR BILLED PAID BALANCE 2018 $68,381.43 $34,190.72 $34,190.71 TOTAL AMOUNT DUE, NOT INCLUDING INTEREST AND PENALTY: $34,190.71. LEVY CODE:2100 ASSESSED VALUE LAND:$5,461,200.00 ASSESSED VALUE IMPROVEMENTS:$0.00 3.LIABILITY FOR SEWER TREATMENT CAPACITY CHARGES, IF ANY, AFFECTING CERTAIN AREAS OF KING, PIERCE AND SNOHOMISH COUNTIES. SAID CHARGES COULD APPLY TO PROPERTY CONNECTING TO THE METROPOLITAN SEWERAGE FACILITIES OR RECONNECTING OR CHANGING ITS USE AND/OR STRUCTURE AFTER FEBRUARY 1, 1990. PLEASE CONTACT THE KING COUNTY WASTEWATER TREATMENT DIVISION, CAPACITY CHARGE PROGRAM, FOR FURTHER INFORMATION AT 206-296-1450 OR FAX NO. 206-263-6823 OR EMAIL AT CAPCHARGEESCROW@KINGCOUNTY.GOV * A MAP SHOWING SEWER SERVICE AREA BOUNDARIES AND INCORPORATED AREAS CAN BE FOUND AT: HTTP://AQUA.KINGCOUNTY.GOV/GIS/WEB/WEB/VMC/UTILITIES/SERVAREA_CITIES.PDF UNRECORDED SEWER CAPACITY CHARGES ARE NOT A LIEN ON TITLE TO THE LAND. NOTE: THIS EXCEPTION WILL NOT APPEAR IN THE POLICY TO BE ISSUED. File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)7 ALTA Commitment – 2006 Copyright 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. 4.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:CHICAGO MILWAUKEE AND ST. PAUL RAILWAY COMPANY PURPOSE:ELECTRIC TRANSMISSION SYSTEM AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MARCH 30, 2018 RECORDING NO.:1202688 5.RESERVATIONS OF ALL COAL, MINERALS AND OIL. RECORDED:MARCH 19, 1943 RECORDING NO.:3297860 6.COVENANTS, CONDITIONS, RESTRICTIONS, RIGHTS AND RESERVATIONS IMPOSED BY DEED RECORDED ON JULY 23, 1946, UNDER RECORDING NO. 3590983. 7.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PUGET SOUND POWER & LIGHT COMPANY PURPOSE:GUY AND ANCHOR AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 10, 1961 RECORDING NO.:5282217 8.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: ESTABLISHED IN CAUSE NO.:760503 PURPOSE:UTILITY AND DRAINAGE FACILITIES AREA AFFECTED:PORTIONS OF SAID PREMISES 9.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: ESTABLISHED IN CAUSE NO.:761406 PURPOSE:SANITARY SEWER LINE AREA AFFECTED:A PORTION OF SAID PREMISES 10.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PUGET SOUND POWER & LIGHT COMPANY PURPOSE:UNDERGROUND ELECTRIC TRANSMISSION AND/OR DISTRIBUTION SYSTEM AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:APRIL 22, 1980 RECORDING NO.:8004220486 File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)8 ALTA Commitment – 2006 Copyright 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. 11.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:PACIFIC NORTHWEST BELL TELEPHONE COMPANY PURPOSE:UNDERGROUND COMMUNICATION LINES AND ABOVE GROUND CABINETS AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:OCTOBER 11, 1984 RECORDING NO.:8410110422 12.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:SLOPE EASEMENT AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 15, 2006 RECORDING NO.:20060515000367 13.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:TEMPORARY EASEMENT FOR SIDEWALK AND SLOPE PURPOSES AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:MAY 15, 2006 RECORDING NO.:20060515000368 14.EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE:THE CITY OF RENTON PURPOSE:SLOPE EASEMENT AREA AFFECTED:A PORTION OF SAID PREMISES RECORDED:JULY 16, 2007 RECORDING NO.:20070716001844 15.NOTICE OF CLAIM OF ADVERSE POSSESSION RECORDED:FEBRUARY 13, 2008 RECORDING NO.:20080213002215 16.AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: RECORDED:APRIL 25, 2008 RECORDING NO.:20080425001357 REGARDING:EMERGENCY ACCESS AGREEMENT 17.TERMS AND CONDITIONS OF “BOUNDARY LINE AND EASEMENT AGREEMENT AND QUIT CLAIMS” IMPOSED BY INSTRUMENT RECORDED ON JANUARY 12, 2009, UNDER RECORDING NO. 20090112001505. File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)9 ALTA Commitment – 2006 Copyright 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. 18.RIGHT OF THE STATE OF WASHINGTON IN AND TO THAT PORTION, IF ANY, OF THE LAND HEREIN DESCRIBED WHICH LIES BELOW THE LINE OF ORDINARY HIGH WATER OF THE CEDAR RIVER. 19.ANY CHANGE IN THE BOUNDARY OR LEGAL DESCRIPTION OF THE LAND DESCRIBED HEREIN, DUE TO A SHIFT OR CHANGE IN THE COURSE OF THE CEDAR RIVER. 20.RIGHTS AND EASEMENTS OF THE PUBLIC FOR COMMERCE, NAVIGATION, RECREATION AND FISHERIES. 21.ANY RESTRICTIONS ON THE USE OF THE LAND RESULTING FROM THE RIGHTS OF THE PUBLIC OR RIPARIAN OWNERS TO USE ANY PORTION WHICH IS NOW, OR HAS BEEN, COVERED BY WATER. 22.UNRECORDED LEASEHOLDS, IF ANY; RIGHTS OF VENDORS AND HOLDERS OF SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON THE LAND; AND RIGHTS OF TENANTS TO REMOVE TRADE FIXTURES AT THE EXPIRATION OF THE TERM. 23.RIGHT, TITLE AND INTEREST OF MERLINO CONSTRUCTION, AS DISCLOSED BY THE APPLICATION FOR TITLE INSURANCE. WE FIND NO CONVEYANCES OF RECORD INTO SAID PARTY. 24.THE SEARCH DID NOT DISCLOSE ANY OPEN MORTGAGES OR DEEDS OF TRUST OF RECORD, THEREFORE THE COMPANY RESERVES THE RIGHT TO REQUIRE FURTHER EVIDENCE TO CONFIRM THAT THE PROPERTY IS UNENCUMBERED, AND FURTHER RESERVES THE RIGHT TO MAKE ADDITIONAL REQUIREMENTS OR ADD ADDITIONAL ITEMS OR EXCEPTIONS UPON RECEIPT OF THE REQUESTED EVIDENCE. 25.MATTERS DISCLOSED BY SURVEY: RECORDED:AUGUST 02, 1987 RECORDING NO.:8708029012 26.MATTERS DISCLOSED BY SURVEY: RECORDED:MARCH 26, 2007 RECORDING NO.:20070326900001 AND AMENDMENT THERETO: RECORDED:MARCH 28, 2008 RECORDING NO.:20080328900011 File No.: 20377119-416-416 SCHEDULE B – Section II (Continued) 27C101BII (6/06)10 ALTA Commitment – 2006 Copyright 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. 27.MATTERS DISCLOSED BY SURVEY: RECORDED:JANUARY 29, 2009 RECORDING NO.:20090129900011 28.MATTERS RELATING TO THE QUESTIONS OF SURVEY, RIGHTS OF PARTIES IN POSSESSION, AND UNRECORDED LIEN RIGHTS FOR LABOR AND MATERIAL, IF ANY, THE DISPOSITION OF WHICH WILL BE FURNISHED BY SUPPLEMENTAL REPORT. END OF SCHEDULE B – SECTION II File No.: 20377119-416-416 27C101 Notes (6/06)11 ALTA Commitment – 2006 Copyright 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. NOTES NOTE 1:NOTICE: PLEASE BE AWARE THAT DUE TO THE CONFLICT BETWEEN FEDERAL AND STATE LAWS CONCERNING THE CULTIVATION, DISTRIBUTION, MANUFACTURE OR SALE OF MARIJUANA, THE COMPANY IS NOT ABLE TO CLOSE OR INSURE ANY TRANSACTION INVOLVING LAND THAT IS ASSOCIATED WITH THESE ACTIVITIES. NOTE 2:WE ARE INFORMED THAT SRMRENTON, LLC, IS A LIMITED LIABILITY COMPANY (LLC). A COPY OF THE DUPLICATE ORIGINAL OF THE FILED LLC CERTIFICATE OF FORMATION, THE LLC AGREEMENT, AND ALL SUBSEQUENT MODIFICATIONS OR AMENDMENTS MUST BE SUBMITTED TO THE COMPANY FOR REVIEW. NOTE 3:ANY CONVEYANCE OR MORTGAGE BY SRMRENTON, LLC, A LIMITED LIABILITY COMPANY (LLC), MUST BE EXECUTED BY ALL THE MEMBERS, OR EVIDENCE SUBMITTED THAT CERTAIN DESIGNATED MEMBERS OR MANAGERS HAVE BEEN AUTHORIZED TO ACT FOR THE LIMITED LIABILITY COMPANY. NOTE 4:EVIDENCE AND AUTHORITY OF THE OFFICERS OF MERLINO CONSTRUCTION, A CORPORATION, TO EXECUTE THE FORTHCOMING INSTRUMENT SHOULD BE SUBMITTED. NOTE 5:THE COMPANY HAS BEEN ASKED TO ISSUE AN OWNER’S POLICY WITHOUT DISCLOSURE OF THE LIABILITY AMOUNT. THE COMPANY MAY HAVE FURTHER REQUIREMENTS IF THE UNDISCLOSED AMOUNT TO BE INSURED EXCEEDS THE CURRENT ASSESSED VALUATION. NOTE 6:TITLE WILL BE VESTED IN PARTIES YET TO BE DISCLOSED. WHEN TITLE IS VESTED, THEIR TITLE WILL BE SUBJECT TO MATTERS OF RECORD, IF ANY, AGAINST THEIR NAMES. NOTE 7:BASED ON INFORMATION PROVIDED TO THE COMPANY, ON THE DATE OF THIS COMMITMENT IT APPEARS THAT THERE IS LOCATED ON THE LAND: COMMERCIAL/INDUSTRIAL KNOWN AS: STONEWAY SAND AND GRAVEL LAND RENTON, WA 98057 NOTE 8:IF YOU WOULD LIKE THE COMPANY TO ACT AS TRUSTEE IN THE PROPOSED DEED OF TRUST, PLEASE NOTE THAT FIDELITY NATIONAL TITLE COMPANY OF WASHINGTON, INC MAY ACT AS TRUSTEE OF A DEED OF TRUST UNDER RCW 61.24.010(1). NOTE 9:THE COMPANY REQUIRES THE PROPOSED INSURED TO VERIFY THAT THE LAND COVERED BY THIS COMMITMENT IS THE LAND INTENDED TO BE CONVEYED IN THIS TRANSACTION. THE DESCRIPTION OF THE LAND MAY BE INCORRECT, IF THE APPLICATION FOR TITLE INSURANCE CONTAINED INCOMPLETE OR INACCURATE INFORMATION. NOTIFY THE COMPANY WELL BEFORE CLOSING IF CHANGES ARE NECESSARY. CLOSING INSTRUCTIONS MUST INDICATE THAT THE LEGAL DESCRIPTION HAS BEEN REVIEWED AND APPROVED BY ALL PARTIES. File No.: 20377119-416-416 NOTES (Continued) 27C101 Notes (6/06)12 ALTA Commitment – 2006 Copyright 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. NOTE 10:THE FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED, PER AMENDED RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WITHIN THE BODY OF THE DOCUMENT. PTN GOV LOTS 4, 6 & 7 IN SW1/4 AND SE1/4 STR 17-23-05E TAX LOT 9026 NOTE 11:IN THE EVENT THAT THE COMMITMENT JACKET IS NOT ATTACHED HERETO, ALL OF THE TERMS, CONDITIONS AND PROVISIONS CONTAINED IN SAID JACKET ARE INCORPORATED HEREIN. THE COMMITMENT JACKET IS AVAILABLE FOR INSPECTION AT ANY COMPANY OFFICE. NOTE 12:THE POLICY(S) OF INSURANCE MAY CONTAIN A CLAUSE PERMITTING ARBITRATION OF CLAIMS AT THE REQUEST OF EITHER THE INSURED OR THE COMPANY. UPON REQUEST, THE COMPANY WILL PROVIDE A COPY OF THIS CLAUSE AND THE ACCOMPANYING ARBITRATION RULES PRIOR TO THE CLOSING OF THE TRANSACTION. NOTE 13:PRIOR TO CLOSING PLEASE CONTACT YOUR TITLE OFFICER FOR CURRENT COURIER AND/OR ACCOMMODATION FEES WHICH MAY BE CHARGED FOR RECORDING RUNS. END OF NOTES 27C101 (6/06)13 ALTA Commitment – 2006 Copyright 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. 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 of 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/>. Wire Fraud Alert Page 1 Original Effective Date: 5/11/2017 Current Version Date: 5/11/2017 WIRE0016 (DSI Rev. 12/07/17) TM and © Fidelity National Financial, Inc. and/or an affiliate. All rights reserved Wire Fraud Alert This Notice is not intended to provide legal or professional advice. If you have any questions, please consult with a lawyer. All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email, without further verification. If funds are to be wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire instructions through a known, trusted phone number prior to sending funds. In addition, the following non‐exclusive self‐protection strategies are recommended to minimize exposure to possible wire fraud. NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire instructions in the course of a transaction. ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the phone number of relevant parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster. USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols. Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts. USE MULTI-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature. For more information on wire‐fraud scams or to report an incident, please refer to the following links: Federal Bureau of Investigation:Internet Crime Complaint Center: http://www.fbi.gov http://www.ic3.gov FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 1 Order No. 20377119-416-416-MAW FIDELITY NATIONAL FINANCIAL, INC. PRIVACY NOTICE Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, “FNF,” “our,” or “we”) respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. Types of Information Collected We may collect two types of information from you: Personal Information and Browsing Information. Personal Information. FNF may collect the following categories of Personal Information: contact information (e.g., name, address, phone number, email address); demographic information (e.g., date of birth, gender, marital status); identity information (e.g., Social Security Number, driver’s license, passport, or other government ID number); financial account information (e.g., loan or bank account information); and other personal information necessary to provide products or services to you. Browsing Information. FNF may automatically collect the following types of Browsing Information when you access an FNF website, online service, or application (each an “FNF Website”) from your Internet browser, computer, and/or mobile device: Internet Protocol (IP) address and operating system; browser version, language, and type; domain name system requests; and browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website How Personal Information is Collected We may collect Personal Information about you from: information we receive from you on applications or other forms; information about your transactions with FNF, our affiliates, or others; and information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. How Browsing Information is Collected If you visit or use an FNF Website, Browsing Information may be collected during your visit. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a “cookie” may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer’s hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to “Do Not Track” features enabled through your browser. Links to Other Sites. FNF Websites may contain links to other websites. FNF is not responsible for the privacy practices or the content of any of those other websites. We advise you to read the privacy policy of every website you visit. Use of Personal Information FNF uses Personal Information for three main purposes: To provide products and services to you or in connection with a transaction involving you. To improve our products and services. To communicate with you about our, our affiliates’, and third parties’ products and services, jointly or independently. When Information Is Disclosed We may make disclosures of your Personal Information and Browsing Information in the following circumstances: to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure; to nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions; to nonaffiliated third party service providers with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you; FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 2 Order No. 20377119-416-416-MAW to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Please see “Choices With Your Information” to learn the disclosures you can restrict. Security of Your Information We maintain physical, electronic, and procedural safeguards to guard your Personal Information. We limit access to nonpublic personal information about you to employees who need to know that information to do their job. When we provide Personal Information to others as discussed in this Privacy Notice, we expect that they process such information in compliance with our Privacy Notice and in compliance with applicable privacy laws. Choices With Your Information If you do not want FNF to share your information with our affiliates to directly market to you, you may send an “opt out” request by email, phone, or physical mail as directed at the end of this Privacy Notice. We do not share your Personal Information with nonaffiliates for their use to direct market to you. Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. For California Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties, except as permitted by California law. For Nevada Residents: You may be placed on our internal Do Not Call List by calling (888) 934-3354 or by contacting us via the information set forth at the end of this Privacy Notice. Nevada law requires that we also provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: BCPINFO@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information and Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For Vermont Residents: We will not share information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are meant for adults and are not intended or designed to attract persons under the age of eighteen (18).We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF’s headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence for any of the purposes described in this Privacy Notice. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the “Service Websites”). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender’s privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender’s privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except (1) as required or authorized by contract with the mortgage loan servicer or lender, or (2) as required by law or in the good-faith belief that such disclosure is necessary to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes FNF Privacy Statement (Eff. 5/1/2015) Last Updated May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved MISC0219 (DSI Rev. 4/23/18)Page 3 Order No. 20377119-416-416-MAW By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The revised Privacy Notice, showing the new revision date, will be posted on the FNF Website. Each time you provide information to us following any amendment of this Privacy Notice, your provision of information to us will signify your assent to and acceptance of the terms of the revised Privacy Notice for all previously collected information and information collected from you in the future. We may use comments, information or feedback that you submit to us in any manner that we may choose without notice or compensation to you. Accessing and Correcting Information; Contact Us If you have questions, would like to access or correct your Personal Information, or want to opt-out of information sharing for affiliate marketing, send your requests via email to privacy@fnf.com, by phone to (888) 934-3354, or by mail to: Fidelity National Financial, Inc. 601 Riverside Avenue Jacksonville, Florida 32204 Attn: Chief Privacy Officer