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JugPIONEER NATIONAL REVENUE STAMPS
TITLE INSURANCE THIS SPACE RESERVED FOR RECORDERS USE
ATICOR COMPANY
Filed for Record at Request of �;
Ku 28 2 34 FHS 17
AFTER RECORDING MAIL TO:
George W. Akers
. RECORDED K ':: C
1515 Norton Bldg.
Seattle, WA 98104
FORM L59
Statutory Warranty Deed
RENTON SCHOOLtCMItf° In 403, a Washington municipal
THE GRANTOR corporation and the successor through consolidation
to King County School District No. 7 , among other districts .
for and in consideration of- Twenty thousand Dollars ($20,000)
in hand paid conveys and warrants to THE CITY OF RENTON, a municipal corporation,
the following described real estate, situated in the County of King , State of
Washington:
Lots 15 through 20 , inclusive, Block 3 ,
Earlington, according to the plat recorded
in Volume M4 of Plats, Page 7 in King County,
Washington.
IN WITNESS WHEREOF, said corporation has caused this instrument to be executed by its proper officers
and its corporate seal to be hereunto affixed this 20th day of May, 1977 .
RENTON SCHOOL DISTRICT NO. ' 03
BY JIMI-7 .X:://e '
1 / President.
By. e .ji .10 I4A4411"
Secretary.
STATE OF WASHINGTON, ,
ss.
County of King )
On this 20th day of May, 1977 , before me, the undersigned,
a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
James R. Hawkins and Gary F. Kohlwes
to me known to be the President and Secretary, respectively, of The Board. of Directors
of the Renton School District No. 403
the corporation that executed the foregoing instrument, and acknowledged the said instrumegt--to'be the frac and
voluntary act and deed of said corporation, for the uses and purposes therein mentioned, arrkd on oath stated that
they authorized to execute the said instrument and that the seal affixed is the corporate seal of sad •
corporation.
Witness my hand and official seal hereto affixed the day and .tear first above written.
written. - •
1% EXCISE TAX NOT r^r, " ' [ti ' Vie_DA-sd
Co. p U� t� Notary f'z1blic in and for the State of Washington,
`,g Ce^Lras Division
residing at `cattle.
.......---- Deputy
. . . • . . .. . .
. .
9,
PIONEER
TITLEINSURANCEAL
ATICOR COMPANY Policy of Title Insurance
PIONEER NATIONAL TITLE INSURANCE COMPANY, a California corporation, herein called the Company, for a
valuable consideration, and subject to the conditions and stipulations of this policy, does hereby insure the
person or persons named in item 1 of Schedule A, together with the persons and corporations included in the
definition of "the insured" as set forth in the conditions and stipulations, against loss or damage sustained
by reason of:
1. Title to the estate, lien or interest defined in items 3 and 4 of Schedule A being vested, at the date hereof,
otherwise than as stated in item 2 of Schedule A; or
2. Any defect in, or lien or encumbrance on, said title existing at the date hereof, not shown in Schedule B; or
3. Any defect in the execution of any instrument shown in item 3 of Schedule A, or priority, at the date hereof,
over any such instrument, of any lien or encumbrance not shown in Schedule B;
provided, however, the Company shall not be liable for any loss, damage or expense resulting from the refusal of
any person to enter into, or perform, any contract respecting the estate, lien or interest insured.
The total liability is limited to the amount shown in Schedule A, exclusive of costs incurred by the Company as an
incident to defense or settlement of claims hereunder.
This policy shall not be valid or binding until countersigned below by a validating officer of the Company.
Pioneer National Title Insurance Company
by&.A.--1.1. aPI) 'Il
President
Attest90-11 (2c7
9007 Gt+.t
Secretary
Countersigned:
74.3,/
aJ�/u2
By
Validating Signatory
Schedule B, GeneraU Exceptions.
1. Encroachments or questions of location, boundary and prohibition or limitation on the use, occupancy or im-
area, which an accurate survey may disclose; public provement of the land resulting from the rights of the
or private easements, streets, roads, alleys or high- public or riparian owners to use any waters which may
ways, unless disclosed of record by recorded Plat or cover the land; defects, liens, encumbrances, or other
conveyance, or decree of a Court of record; rights or matters created or suffered by the insured; rights or
claims of persons in possession, or claiming to be in claims based upon instruments or upon facts not dis-
possession, not disclosed by the public records; ma- closed by the public records but of which rights,
terial or labor liens, or liens under the Workmen's claims, instruments or facts the insured has know-
Compensation Act not disclosed by the public records; ledge.
water rights or matters relating thereto; any service,
installation or construction charges for sewer, water, 3. General taxes not now payable; matters relating to
electricity, or garbage removal, special assessments and special levies, if any,
preceding the same becoming a lien.
2. Exceptions and reservations in United States Patents:
right of use, control or regulation by the United States 4. "Consumer credit protection," "truth-in-lending,"
of America in the exercise of powers over navigation; or similar law, or the failure to comply with said
limitation by law or governmental regulation with re- law or laws.
spect to subdivision, use, enjoyment or occupancy; any
Conditions and Stipulations
1. The Company shall have the right to, and will, at its own Whenever the Company shall be obligated to pay a claim un-
expense, defend the insured with respect to all demands der the terms of this policy by reason of a defect in the title
and legal proceedings founded upon a claim of title. encum- to a portion of the area described herein, liability shall be
brance or defect which existed or is claimed to have existed limited to the proportion of the face amount of this policy
prior to the date hereof and is not set forth or excepted here- which the value of the defective portion bears to the value
in; reserving, however, the option at any time of settling the of the whole at the time of the discovery of the defect, un-
claim or paying the amount of this policy in full. In case any less liability is otherwise specifically segregated herein.
such demand shall be asserted or any such legal proceedings If this policy insures the lien of a mortgage, and claim is
shall be instituted the insured shall at once give notice there- made hereunder, the Company may pay the entire indebted-
of in writing to the Company at its home office and, if the in- ness and thereupon the insured shall assign to the Company
sured is a party to such legal proceedings, secure to the the mortgage and the indebtedness secured thereby, with all
Company, within ten days after service of first process upon instruments evidencing or securing the same, and shall con-
the insured, the right to defend such legal proceedings in the vey to the Company any property acquired in full or partial
name of the insured so far as necessary to protect the in- satisfaction of the indebtedness, and all liability of the
sured, and the insured shall render all reasonable assist- Company shall thereupon terminate. If a policy insuring the
ance in such defense. If such notice shall not be given, or lien of a mortgage is issued simultaneously with this policy
the right to defend secured, as above provided, then all and for simultaneous issue premium as provided in rate
liability of the Company with regard to the subject matter schedule any payment by the Company on said mortgage
of such demand or legal proceedings, and any expense in- policy with respect to the real estate described in Schedule
cident thereto, shall terminate; provided, however, that A hereof shall reduce pro tanto the liability under this policy.
failure to give such notice shall in no case prejudice the All actions or proceedings against the Company must be
claim of the insured unless the Company shall be actually based on the provisions of this policy. Any other action or
prejudiced by such failure and then only to the extent of actions or rights of action that the insured may have or may
such prejudice. bring against the Company with respect to services rendered
2. In the event of final judicial determination by a court of in connection with the issuance of this policy, are merged
competent jurisdiction, under which the estate, lien or in- herein and shalt be enforceable only under the terms, con-
terest insured is defeated or impaired by reason of any ad- ditions and limitations of this policy.
verse interest, lien or encumbrance not set forth or excepted
herein, claim may be made as herein provided. A statement 4. The following terms when used in this policy mean:
in writing of any loss or damage, for which it is claimed the (a) "named insured": the persons and corporations named
Company is liable, shall be furnished to the Company at its as insured in Schedule A of this policy: (b) "the insured":
home office within sixty days after such loss or damage such named insured together with (1) each successor in
shall have been ascertained. No right of action shall accrue ownership of any indebtedness secured by any mortgage
with respect thereto until thirty days after such statement shown in Item 3 of Schedule A, (2) any owner or successor
shall have been furnished and no recovery shall be had un- in ownership of any such indebtedness who acquires title
less an action shall have been commenced thereon within to the real estate described in Item 4 of Schedule A, or
one year after the expiration of said thirty days. Any rights any part thereof, by lawful means in satisfaction of said
or defenses of the Company against a named insured shall indebtedness or any part thereof, (3) any governmental
be equally available against any person or corporation who agency or instrumentality which insures or guarantees
shall become an insured hereunder as successor of such said indebtedness or any part thereof,and (4) any person
named insured. or corporation deriving an estate or interest in said real
estate as an heir or devisee of a named insured or by
3. The Company may at any time pay this policy in full, reason of the dissolution, merger, or consolidation of a
whereupon all liability of the Company shall terminate. corporate named insured; (c) "date hereof": the exact
Every payment made by the Company, exclusive of costs day, hour and minute specified in Schedule A; (d) "pub-
incurred by the Company as an incident to defense or settle- lic records": records which, under the recording law,
ment of claims hereunder, shall reduce the liability of the impart constructive notice with respect to said real
Company by the amount paid. The liability of the Company estate; (e) "home office": the office of the Company at
shall in no case exceed the actual loss of the insured and the address shown hereon; It) "mortgage": mortgage,
costs which the Company is obligated to pay. When the deed of trust, trust deed, or other security instrument
Company shall have paid a claim hereunder it shall be sub- described in Schedule A.
rogated to all rights and remedies which the insured may
have against any person or property with respect to such 5. All notices required to be given the Company and any
claim, or would have if this policy had not been issued, statement in writing required to be furnished the Company
and the insured shall transfer all such rights to the Company. shall include the number of this policy and shall be ad-
If the payment made by the Company does not cover the loss dressed to it at the gffice which issued this policy or to its
of the insured.such subrogation shall be proportionate. ' Home Office, Claims,pepartiient,433 South Spring Street,
P.O. Box 54730, Los Ange;es', California 90054.
•
WITA
NUMBER : A-179388
DATE : MAY 21, 1977 AT 8:00 A.M.
AMOUNT : $20,000.00
PREMIUM: $124.00
SCHEDULE A
1. INSURED
THE CITY OF RENTON, A MUNICIPAL CORPORATION
2. TITLE TO THE ESTATE, LIEN OR INTEREST INSURED BY THIS POLICY IS
VESTED IN
THE NAMED INSURED
3. ESTATE, LIEN OR INTEREST INSURED
FEE SIMPLE ESTATE
4. DESCRIPTION OF THE REAL ESTATE WITH RESPECT TO WHICH THIS POLICY
IS ISSUED
LOTS 15 THRU 20, INCLUSIVE, BLOCK 3, EARLINGTON, ACCORDING TO THE PLAT
RECORDED IN VOLUME 14 OF PLATS, PAGE 7, IN KING COUNTY, WASHINGTON
A-179388 PAGE 1
SCHEDULE B
DEFECTS, LIENS , ENCUMBRANCES AND OTHER MATTERS AGAINST WHICH THE
COMPANY DOES NOT INSURE:
GENERAL EXCEPTIONS
ALL MATTERS SET FORTH IN PARAGRAPHS NUMBERED I. TO 4 INCLUSIVE ON THE
COVER SHEET OF THIS POLICY UNDER THE HEADING SCHEDULE B GENERAL
EXCEPTIONS
SPECIAL EXCEPTIONS
NONE
...END OF SCHEDULE B...
THE TERMS OF THIS POLICY ARE MODIFIED BY THE ATTACHED INDORSEMENT.
WA: 10
4-179388 PAGE 2
TO 1919.1 PN TI A.A. _'S; , ,
« ENDORSEMENT FOAM NA t,+SE., .
OWNER'S INFLATION PROTECTION ENDORSEMENT
ATTACHED TO POLICY NO. 4 -f - /r .96 r
ISSUED BY
Pioneer National Title Insurance Company
The Company,recognizing the current effect of inflation on real property valuation and intending
to provide additional monetary protection to the Insured Owner named in said Policy, hereby modifies
said Policy,as follows:
1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance
provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual
upward adjustments in the manner and to the extent hereinafter specified.
2. "Adjustment Date" is defined, for the purpose of this Endorsement, to be 12:01 a.m. on the
first January 1 which occurs more than six months after the Date of Policy, as shown in
Schedule A of the Policy to which this Endorsement is attached, and on each succeeding
January 1.
3. An upward adju;tment will be made on each of the Adjustment Dates, as defined above, by
increasing the maximum amount of insurance provided by said Policy (as said amount may
have been increased theretofore under the terms of this Endorsement) by the same percentage,
if any, by which the United States Department of Commerce Composite Construction Cost
Index (base period 1967) for the month of September immediately preceding exceeds the
highest Index number for the month of September in any previous year which is subsequent
to Date of Policy; provided, however, that the maximum amount of insurance in force shall
never exceed 150% of the amount of insurance stated in Schedule A of said Policy, less the
amount of any claim paid under said Policy which, under the terms of the Conditions and
Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment
in the amount of insurance for years in which there is no increase in said Construction Cost
Index.
4. In the settlement of any claim against the Company under said Policy, the amount of
insurance in force shall be deemed to be the amount which is in force as of the date on which
the insured claimant first learned of the assertion or possible assertion of such claim, or as
of the date of receipt by the Company of the first notice of such claim, whichever shall first
occur.
Nothing herein contained shall be construed as extending or changing the effective date of said
Policy.
This Endorsement is made a part of said Policy and is subject to the schedules, conditions and
stipulations therein, except as modified by the provisions hereof.
Pioneer National Title Insurance Company
By gletrcl
)
' President
Attest: 0
a" O9
�Qy Secretary
NOTE: In connection with a future application for title insurance covering said land, reissue credit
on premium charges (if applicable at all) will be allowed only upon the original face amount of