HomeMy WebLinkAboutM_Title_Report_FFCC_190905_v1 Form WA-5 (6/76) File No.: NCS-906541-WA1
Commitment Face Page
First American Title Insurance Company
COMMITMENT FOR TITLE INSURANCE
Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
First American Title Insurance Company, herein called the Company, for valuable consideration, hereby
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 mortgagor of the estate or interest covered
hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges
therefor; all subject to the provisions of Schedules A and B and to the Conditions and Stipulations
hereof.
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 hereof by the Company, either
at the time of the issuance of the Commitment or by subsequent endorsement.
This Commitment if preliminary to the issuance of such policy or policies of title insurance and all
liability and obligations hereunder shall cease and terminate six (6) months after th e effective date
hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that
the failure to issue such policy or policies is not the fault of the Company. This Commitment shall not
be valid or binding until countersigned by an authorized officer or agent.
IN WITNESS WHEREOF, the Company has caused this commitment to be signed, to become valid
when countersigned by an authorized officer or agent of the Company, all in accordance with its By -
Laws. This Commitment is effective as of the date shown in Schedule A as “Effective Date.”
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.1
First American Title Insurance Company
First American Title Insurance Company
National Commercial Services
818 Stewart Street, Suite 800, Seattle, WA 98101
(206)728-0400 - (800)526-7544 FAX (206)448-6348
Chantale A. Stiller-Anderson Terri Nugent
(206)448-6286 (206)615-3041
cstiller@firstam.com tnugent@firstam.com
To: Renton School District File No.: NCS-906541-WA1
300 Sw 7Th St Your Ref No.: 16022 116th
Avenue Southeast Renton
Renton, WA 98057-2307
Attn: Susan Leland
SCHEDULE A
1. Commitment Date: May 03, 2018 at 7:30 A.M.
2. Policy or Policies to be issued:
AMOUNT PREMIUM TAX
3. The estate or interest in the land described on Page 2 herein is Fee Simple, and title thereto is at
the effective date hereof vested in:
Renton School District 403, a municipal corporation
4. The land referred to in this Commitment is described as follows:
The land referred to in this report is described in Exhibit "A" attached hereto.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.2
First American Title Insurance Company
EXHIBIT 'A'
LEGAL DESCRIPTION:
THAT PORTION OF THE SOUTH 800. 00 FEET OF THE NORTH 830. 00 FEET OF THE NORTHWEST
QUARTER OF SECTION 28, TOWNSHIP 23 NORTH, RANGE 5 EAST, W. M. IN KING COUNTY, WASHINGTON,
LYING WESTERLY OF THE PLAT OF CASCADE HILL NO. 2, ACCORDING TO PLAT THEREOF, RECORDED IN
VOLUME 61 OF PLATS, PAGES 13 AND 14, RECORDS OF SAID COUNTY;
EXCEPTING THEREFROM THAT PORTION LYING WITHIN THE BOUNDARIES OF 116TH AVE S.E.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.3
First American Title Insurance Company
SCHEDULE B - SECTION 1
REQUIREMENTS
The following are the Requirements to be complied with:
Item (A) Payment to or for the account of the Grantors or Mortgagors of the full consideration for the
estate or interest to be insured.
Item (B) Proper instrument(s) creating the estate or interest to be insured must be executed and duly
filed for record.
Item (C) Pay us the premiums, fees and charges for the policy.
Item (D) You must tell us in writing the name of anyone not referred to in this Commitment who will
get an interest in the land or who will make a loan on the land. We may then make additional
requirements or exceptions
SCHEDULE B - SECTION 2
GENERAL EXCEPTIONS
The Policy or Policies to be issued will contain Exceptions to the following unless the same are disposed
of to the satisfaction of the Company.
A. Taxes or assessments which are not shown as existing liens by the records of any taxing
authority that levies taxes or assessments on real property or by the public records.
B. Any facts, rights, interest, or claims which are not shown by the public records but whic h could
be ascertained by an inspection of said land or by making inquiry of person in possession thereof.
C. Easements, claims of easement or encumbrances which are not shown by the public records.
D. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts
which a correct survey would disclose, and which are not shown by public records.
E. (1) Unpatented mining claims; (2) reservations or exceptions in patents or in acts authorizing the
issuance thereof; (3) Water rights, claims or title to water; whether or not the matters excepted
under (1), (2) or (3) are shown by the public records; (4) Indian Tribal Codes or Regulations,
Indian Treaty or Aboriginal Rights, including easements or equitable servitudes.
F. Any lien, or right to a lien, for services, labor, materials or medical assistance heretofore or
hereafter furnished, imposed by law and not shown by the public records.
G. Any service, installation, connection, maintenance, construction, tap or reimbursement
charges/costs for sewer, water, garbage or electricity.
H. 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 mortgages thereon
covered by this Commitment.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.4
First American Title Insurance Company
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
1. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As
of the date herein, the excise tax rate for the City of Renton is at 1.78%.
Levy/Area Code: 2128
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. Liability, if any, for pro-rata portion of Real Property taxes which are carried on the King County
Tax Rolls, as tax account no. 282305-9034-07, are exempt.
We note Special Charges for the year 2018 in the amount of $408.48, of which $408.48 has been
paid. Balance due: $0.00.
3. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
4. An easement for pipeline and incidental purposes, recorded June 26, 1956 as 4705922 of Official
Records.
In Favor of: Pacific Northwest Pipeline Corporation
Affects: as described therein
5. The terms and provisions contained in the document entitled "Easement Permit Agreement"
recorded September 21, 1956 as 4732268 of Official Records.
6. The terms and provisions contained in the document entitled "Declaration of Covenant"
recorded February 18, 1994 as 9402182083 of Official Records.
7. An easement for electric transmission and/or distribution lines and incidental purposes, recorded June
9, 1994 as 9406092430 of Official Records.
In Favor of: Puget Sound Power & Light Company
Affects: as described therein
8. The terms and provisions contained in the document entitled "Declaration of Covenant" recorded July
7, 1994 as 9407071590 of Official Records.
9. The terms and provisions contained in the document entitled "Water Easement Agreement"
recorded August 3, 1995 as 9508031611 of Official Records.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.5
First American Title Insurance Company
10. Evidence of the authority of the officers of , to execute the forthcoming instrument, copies of the
current Articles of Incorporation, By-Laws and certified copies of appropriate resolutions should be
submitted prior to closing.
11. Title to vest in an incoming owner whose name is not disclosed. Such name must be furnished to us
so that a name search may be made.
12. Matters of extended owner/purchaser coverage which are dependent upon an inspection and an
ALTA survey of the property for determination of insurability.
Please submit a copy of the ALTA Survey at your earliest convenience for review. Our inspection will
be held pending our review of the ALTA Survey and the result of said inspection will be furnished by
supplemental report.
13. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
14. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.6
First American Title Insurance Company
INFORMATIONAL NOTES
A. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be
met. Failure to comply may result in rejection of the document by the recorder.
B. Any sketch attached hereto is done so as a courtesy only and is not part of any title commitment or
policy. It is furnished solely for the purpose of assisting in locating the premises and First American
expressly disclaims any liability which may result from reliance made upon it.
C. The description can be abbreviated as suggested below if necessary to meet standardization
requirements. The full text of the description must appear in the document(s) to be insured.
ptn Sec 28, 23N, 5E, WM; NW qtr
APN: 282305-9034
D. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
END OF SCHEDULE B
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.7
First American Title Insurance Company
First American Title Insurance Company
National Commercial Services
COMMITMENT
Conditions and Stipulations
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 acquires actual knowledge of a 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 or reliance hereon to the extent the Company is prejudiced by
failure to so disclose such knowledge. If the proposed Insured shall disclosure 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 and Stipulations.
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, exclusion
from coverage, and the Conditions and Stipulations of the form of Policy or Policies committed for
in favor of the proposed Insured which are hereby incorporated by references, and are made a
part of this Commitment except as expressly modified herein.
4. Any claim of loss or damage, whether or not based on negligence, and which arises out of the
status of the title to the estate or interest or the lien of the Insured mortgage covered hereby or
any action asserting such claim, shall be restricted to the provisions and Conditions and
Stipulations of this Commitment.
Form WA-5 (6/76) File No.:NCS-906541-WA1
Commitment Page No.8
First American Title Insurance Company
The First American Corporation
First American Title Insurance Company
National Commercial Services
PRIVACY POLICY
We Are Committed to Safeguarding Customer Information
In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned
about what we will do with such information particularly any personal or financial information. We agree that you have a right to know how we will utilize the
personal information you provide to us. Therefore, together with our parent company, The First American Corporation, we have adopted this Privacy Policy to
govern the use and handling of your personal information.
Applicability
This Privacy Policy governs our use of the information which you provide to us. It does not govern the manner in which we may use information we have
obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader
guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values, a copy of which
can be found on our website at www.firstam.com.
Types of Information
Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect inclu de:
• Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by t elephone or any other
means;
• Information about your transactions with us, our affiliated companies, or others; and·
• Information we receive from a consumer reporting agency.
Use of Information
We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your
information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as p ermitted by law. We
may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any
internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one
or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust
and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies, and escrow
companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing serv ices on our behalf, on
behalf of our affiliated companies, or to other financial institutions with whom we or our affiliated companies have joint marketing agreements.
Former Customers
Even if you are no longer our customer, our Privacy Policy will continue to apply to you.
Confidentiality and Security
We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information
about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and
oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Priv acy Policy and First American's Fair
Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal
information.
c 2001 The First American Corporation - All Rights Reserved