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HomeMy WebLinkAbout0049696-06 Hyperlinked Third CommitmentALTA COMMITMENT FOR TITLE INSURANCE Commitment Number: Issued By agent: 0049696-06CHICAGOTITLEUpdate3rdCommitment COMPANY OF WASHINGTON CHICAGO TITLE INSURANCE COMPANY,a Nebraska 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 six (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. This Commitment shall not be valid or binding until countersigned by a validating officer or authorized signatory. IN WITNESS WHEREOF,CHICAGO 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. Chicago Title Insurance Company By: %H ’ President Countersigned By:Attest: "/,/7 Authorized Officer or Agent Secretary Copyright American Land Title Association.All rights reserved.:AALERIT‘I'IL:ASSOCIAIION 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.>1 ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage1WA—CT—FNSE—02150.622476—SPS-1—16—0049696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment ISSUING OFFICE:FOR SETTLEMENT INQUIRIES,CONTACT: Title Officer:Commercial /Unit 6ChicagoTitleCompanyofWashington7015thAvenue,Suite 2300Seattle,WA 98104MainPhone:(206)628-5610Email:CTISeaTitleUnit6@ctt.com SCHEDULE A ORDER NO.0049696-06 1.Effective Date:December 8,2016 at 08:00 AM 2.Policy or (Policies)to be issued: a.ALTA Owner's Policy 2006 Proposed Insured:Vantage Point Apartments LLC,a Washington limited liability companyPolicyAmount:To Be Determined Premium:To Be Determined Tax:To Be Determined Total:To Be Determined ALTA Loan Policy 2006 Proposed Insured:To Be DeterminedPolicyAmount:To Be Determined Premium:To Be Determined Tax:To Be DeterminedTotal:To Be Determined 3.The estate or interest in the land described or referred to in this Commitment is: A Leasehold Estate as created by that certain Lease,upon and subject to the terms and provisions thereof,as disclosed by Memorandum of Lease: Lesson:Housing Authority of the County of King Lessee:Vantage Point Apartments LLC,a Washington limited liability company Lease Dated:June 2,2014 For a Term of:from June 2,2014,to December 31,2113Recorded:June 10,2014 Recording Number:20140610000986 4.Title to the estate or interest in the land is at the Effective Date vested in: Vantage Point Apartments 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 END OF SCHEDULE A AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE 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.,‘w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage2WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 EXHIBIT "A" Legal Description Lot 2 and Tract C-2,City of Renton Short Plat Number LUA-08-137-SHPL,recorded under recordingnumber20100111900006,in King County,Washington; Except that portion thereof conveyed to the City of Renton by Deed of Dedication recorded December 14,2015,under recording number 20151214000521. Copyright American Land Title Association.All rights reserved.MERLE“. ASSOCIAIION 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.>1 ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage3WA—CT—FNSE—02150.622476—SPS-1—16—0049696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B 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: 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 state workers'compensation,or for services,labor,or material heretofore or hereafter furnished,all as imposed by law,and not shown by thePublicRecords. E.Taxes or special assessments which are not yet payable or which are not shown as existing liens by the PublicRecords. 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. |.Indian tribal codes or regulations,Indian treaty or aboriginal rights,including easements 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. AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE 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..‘w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage4WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B (continued) SPECIAL EXCEPTIONS 1.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document: Granted to:Puget Sound Power &Light Company Purpose:electric systemRecordingDate:September 7,1984 Recording No.:8409070698Affects:a strip of land 10 feet in width as constructed or to be constructed,extended or relocated within said premises 2.Rights of Access Only to Easement,containedin instrument: Granted to:Soos Creek Water and Sewer District Purpose:sanitary sewer Recording Date:March 8,1991 Recording No.:9103080657 Affects:a northerly portion of said premises and other property 3.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document: Granted to:Puget Sound Energy,Inc. Purpose:one or more utility systems Recording Date:May 15,2014RecordingNo.:20140515000840 Affects:10 feet in width having 5 feet of such width on each side of the centerline of grantee‘s systemslocatedasconstructedortobeconstructed,extended,or relocated 4.Agreement for Easement,and the terms and conditions thereof Executed by:Soos Creek Water and Sewer District and Housing Authority of the County of King Recording Date:July 10,2015RecordingNo.:20150710000661 5.Exceptions and Reservations contained in the Deed as set forth below: Grantor:John Winston Recording Date:November 22,1907 Recording No.:521719 As Follows:all mineral rights Affects:a northwesterly portion of said premises ......AMERICANCopyrightAmericanLandTitleAssomation.All rights reserved.LAND TITLE 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage5WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 6.Exceptions and Reservations contained in the Deed as set forth below: Grantor:Ira G.and Lissa Carr,husband and wifeRecordingDate:August 16,1951 Recording No.:4161927 As Follows:all mineral rights Affects:a northwesterly portion of said premises 7.Exceptions and Reservations contained in the Deed as set forth below: Grantor:Glacier Park Company,a Minnesota corporationRecordingDate:September 23,1981 Recording No.:8109230502 Said document provides for,among other things,the following:Excepting and reserving,however,unto said grantors,its successors and/or assigns,all of the coal,oil,gas, casinghead gas,and all ores and minerals of every kind and nature underlying the surface of the parcels herein conveyed,together with the full right,privilege and license at any and all times to explore,or drill for and to protect, conserve,mine,take,remove and market any and all such products in any manner which will not damagestructuresonthesurfaceoftheparcelshereinconveyed;except,mineral rights reserved indeed recorded in King County under recording number 521719. 8.Notes 20 through 24 set forth in or delineated on the Short Plat recorded under recording number 20100111900006. 9.Matters contained in that certain document Entitled:Declaration of Restrictive Covenant Recording Date:June 6,2014 Recording No.:20140606000082 Which provides for among other things: Reference is hereby made to said document for full particulars. AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE ASSOCIAI ION 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..w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage6WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 10.Matters contained in that certain document Entitled:Notice of Hook-Up Charges in Lieu of Assessments for Sewer ServiceDated:January 16,1975 Executed by:Cascade Sewer District Recording Date:February 7,1975 Recording No.:7502070239 Which provides for among other things: Reference is hereby made to said document for full particulars. 11.Agreement and the terms and conditions thereof: Executed by:King County Water District No.58;and King County Housing Authority Recording Date:June 6,1983RecordingNo.:8306060671 Regarding:segregation and deferral of connection charges for water service serving said premises 12.Agreement and the terms and conditions thereof: Executed by:Cascade Sewer District,and King County Housing Authority Recording Date:June 24,1983RecordingNo.:8306240615 Regarding:segregation and deferral of connection charges for sanitary sewer serving said premises 13.Agreement and the terms and conditions thereof: Executed by:Polygon 2000,Inc.,and King County Housing AuthorityRecordingDate:March 22,1991 Recording No.:9103221062Regarding:location of a fence 14.Agreement and the terms and conditions thereof: Executed by:Polygon 2000,Inc.,and King County Housing AuthorityRecordingDate:July 9,1991 Recording No.:9107091017 Regarding:location of a fence and a driveway 15.This item intentionally deleted Copyright American Land Title Association.All rights reserved.IAAIEDRIHL’I 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage7WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 CHICAGO TITLE COMPANY OF WASHINGTON 16. COMMITMENT NO.0049696-06 UPDATE 3rd Commitment SCHEDULE B (continued) The property herein described is carried on the tax rolls as exempt.However,it will become taxable on the date of the execution of a conveyance to a taxable entity and subject to the lien of real property taxes for the balance of the year from that date: Tax Account No.:Levy Code: Assessed Value-Land: Assessed Value-Improvements: Affects: 17. 322305-9362-03 2128 not disclosed not disclosed Lot 2 The property herein described is carried on the tax rolls as exempt.However,it will become taxable on the date of the execution of a conveyance to a taxable entity and subject to the lien of real property taxes for the balance oftheyearfromthatdate: Tax Account No.:Levy Code: Assessed Value-Land:Assessed Value-Improvements: Affects: 18. 322305-9363-022128 not disclosednotdisclosed Tract C-2 General and special taxes and charges,payable February 15,delinquent if first half unpaid on May 1,second halfdelinquentifunpaidonNovember1ofthetaxyear(amounts do not include interest and penalties): Year: Tax Account No.: Levy Code: Assessed Value-Land: Assessed Value-Improvements: General and Special Taxes: Billed: Paid: Unpaid: Affects: 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. 2016 322305-9362-03 2128 not disclosed not disclosed $7.70$7.70$0.00 special taxes for conservation as to Lot 2 AMERICAN LAND TITLEASSOCIAHON ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage8WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B (continued) 19.General and special taxes and charges,payable February 15,delinquent if first half unpaid on May 1,second halfdelinquentifunpaidonNovember1ofthetaxyear(amounts do not include interest and penalties): Year:2016 Tax Account No.:322305-9363-02LevyCode:2128 Assessed Value-Land:not disclosed Assessed Value-Improvements:not disclosed General and Special Taxes:Billed:$7.70Paid:$7.70Unpaid:$0.00 Affects:special taxes for conservation as to Tract C-2 20.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 reconnectingorchangingitsuseand/or structure after February 1,1990. Please contact the King County Wastewater Treatment Division,Capacity Charge Program,for further informationat206-296-1450 or Fax No.206-263-6823 or email at CapCharqscrow©kinqcountv.qov. *A map showing sewer service area boundaries and incorporated areas can be found at:http://vour.kinqcountv.qov/ftp/oisNVebNMC/utilities/servarea citiespdf 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. 21.Terms and Conditions of the Lease shown in Schedule A. 22.Matters contained in that certain document Entitled:Public Agency Agreement for Performance Executed by:City of Renton and King County Housing AuthorityRecordingDate:August 11,2014RecordingNo.:20140811001204 Which provides for among other things: Reference is hereby made to said document for full particulars. as affected by Release: Recording Date:December 7,2015 Recording No.:20151207001458 Copyright American Land Title Association.All rights reserved.MERLE”. 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..‘w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage9WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 23.Regulatory Agreement (Extended Use Agreement)and the terms and conditions thereof: Executed by:Vantage Point Apartments LLC,King County Housing Finance Authority,and WashingtonStateHousingFinanceCommission Recording Date:September 23,2014RecordingNo.:20140923000838 Amendment to Regulatory Agreement (Extended Use Agreement),and the terms and conditions thereof: Recorded:August 21,2015RecordingNo.20150821001763 24.Regulatory Agreement and the terms and conditions thereof: Executed by:Vantage Point Apartments LLC and Housing Authority of the County of King Recording Date:September 23,2014 Recording No.:20140923000839 25.Leasehold Deed of Trust,Assignment of Rents and Leases,Security Agreement and Fixture Filing to secure an indebtedness in the amount shown below, Amount:not disclosed Dated:September 19,2014 Trustor/Grantor:Vantage Point Apartments LLC,a Washington limited liability company Trustee:Chicago Title Insurance Company Beneficiary:Housing Authority of the County of KingRecordingDate:September 23,2014RecordingNo.:20140923000840 26.Leasehold Deed of Trust,Assignment of Rents and Leases,Security Agreement and Fixture filing to secure an indebtedness in the amount shown below, Amount:not disclosedDated:September 19,2014Trustor/Grantor:Vantage Point Apartments LLC,a Washington limited liability company Trustee:Chicago title Insurance CompanyBeneficiary:Housing Authority of the County of King Recording Date:September 23,2014 Recording No.:20140923000841 Copyright American Land Title Association.All rights reserved.IAAIEDRIHL’I 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage10WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B (continued) 27.Leasehold Deed of Trust,Assignment of Rents and Leases,Security Agreement and Fixture filing to secure an indebtedness in the amount shown below, Amount:$3,000,000.00 Dated:September 19,2014 Trustor/Grantor:Vantage Point Apartments LLC,a Washington limited liability company Trustee:Chicago Title Insurance Company Beneficiary:Housing Authority of the County of King Recording Date:September 23,2014 Recording No.:20140923000842 28.Leasehold Deed of Trust,Assignment of Rents and Leases,Security Agreement and Fixture filing to secure an indebtedness in the amount shown below, Amount:$2,000,000.00 Dated:September 19,2014Trustor/Grantor:Vantage Point Apartments LLC,a Washington limited liability company Trustee:Chicago Title Insurance CompanyBeneficiary:Housing Authority of the County of King Recording Date:September 23,2014RecordingNo.:20140923000843 29.Leasehold Deed of Trust,Assignment of Rents and Leases,Security Agreement and Fixture filing to secure anindebtednessintheamountshownbelow, Amount:$2,500,000.00 Dated:September 19,2014 Trustor/Grantor:Vantage Point Apartments LLC,a Washington limited liability company Trustee:Chicago Title Insurance Company Beneficiary:Housing Authority of the County of King Recording Date:September 23,2014RecordingNo.:20140923000844 30.Priority and Subordination Agreement and the terms and conditions thereof: Executed by:Washington State Housing Finance Commission;Vantage Point Apartments LLC,aWashingtonlimitedliabilitycompany;and The Housing Authority of the County of King,a Washington public body corporate and politic Recording Date:September 23,2014RecordingNo.:20140923000845 as amended by First Amendment to Priority and Subordination Agreement: Recording Date:December 7,2015 Recording No.:20151207001456 Copyright American Land Title Association.All rights reserved.KEEN: 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage11WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B (continued) 31.To provide an extended coverage lender’s policy,general exceptions A through D may be eliminated or limitedafteraninspectionoftheLandand/or review of the survey,if required,is completed. 32.The Company will require an estoppel affidavit to verify that the lease recorded in Recording No.20140610000986 is in full force and effect and is not in default of its terms. 33.The Company will require the following documents for review prior to the issuance of any title insurance predicateduponaconveyanceorencumbrancefromtheentitynamedbelow. Limited Liability Company:Vantage Point Apartments LLC a.A copy of its operating agreement,if any,and any and all amendments,supplements and/ormodificationsthereto,certified by the appropriate manager or member. b.If a domestic Limited Liability Company,a copy of its Articles of Organization and all amendment thereto with the appropriate filing stamps. c.If the Limited Liability Company is member-managed a full and complete current list of members certified by the appropriate manager or member. d.If the Limited Liability Company was formed in a foreign jurisdiction,evidence,satisfactory to the Company that it was validly formed,is in good standing and authorized to do business in the state oforigin. e.If less than all members,or managers,as appropriate,will be executing the closing documents,furnish evidence of the authority of those signing. The Company reserves the right to add additional items or make further requirements after review of the requested documentation. 34.Your application for title insurance was placed by reference to only a street address or tax identification number.Based on our records,we believe that the legal description in this report covers the parcel(s)of Land that you requested.If the legal description is incorrect,the seller/borrower must notify the Company and/or the settlement company in order to prevent errors and to be certain that the correct parcel(s)of Land will appear on any documents to be recorded in connection with this transaction and on the policyoftitleinsurance. 35.Covenants,conditions and restrictions but omitting any covenants or restrictions,if any,including but not limited tothosebaseduponrace,color,religion,sex,sexual orientation,familial status,marital status,disability,handicap, national origin,ancestry,source of income,gender,gender identity,gender expression,medical condition or genetic information,as set forth in applicable state or federal laws,except to the extent that said covenant or restriction is permitted by applicable law,as set forth in the document Recording Date:December 7,2015 Recording No.:20151207001455 Copyright American Land Title Association.All rights reserved.KEEN: 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage12WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 36.Agreement to Subordinate To Declaration of Restrictive Covenants,and the terms and conditions thereof: Executed by:City of Renton,King County,WashingtonRecordingDate:December 7,2015 Recording No.:20151207001457 37.Public Agency Agreement for Maintenance,and the terms and conditions thereof Executed by:King County Housing Authority and the City of Renton Recording Date:December 30,2015 Recording No.:20151230000472 38.Matters contained in that certain document Entitled:Declaration of Covenant for Inspection and Maintenance of Stormwater Facilities and BMPSDated:April 21,2016 Executed by:King County Housing Authority Recording Date:April 27,2016 Recording No.:20160427001621 Which provides for among other things: Reference is hereby made to said document for full particulars. 39.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document: Granted to:Comcast Cable Communications Management,LLCPurpose:broadband communications systemRecordingDate:June 7,2016RecordingNo.:20160608000087 END OF EXCEPTIONS NOTES The following matters will not be listed as Special Exceptions in Schedule B of the policy.There will be no coverage forlossarisingbyreasonofthematterslistedbelowbecausethesemattersareeitherexceptedorexcludedfromcoverageorarenotmatterscoveredundertheinsuringprovisionsofthepolicy. Note A:Note:FOR INFORMATIONAL PURPOSES ONLY: The following may be used as an abbreviated legal description on the documents to be recorded,per Amended RCW 65.04.045.Said abbreviated legal description is not a substitute for a complete legaldescriptionwithinthebodyofthedocument: Lot 2 and Tract C—2,Renton SP#LUA-08—137-SHPL,Rec #20100111900006TaxAccountNo.:322305-9362-03 and 322305-9363-02 AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE ASSOCIAI ION 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage13WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment SCHEDULE B (continued) Note B:Note:Any map furnished with this Commitment is for convenience in locating the land indicated herein with reference to streets and other land.No liability is assumed by reason of reliance thereon. END OF NOTES END OF SCHEDULE B AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE ASSOCIAI ION 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.,w ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage14WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO.0049696-06CHICAGOTITLECOMPANYOFWASHINGTONUPDATE3rdCommitment CONDITIONS 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 othenNise 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 ofInsuredintheformofpolicyorpoliciescommittedforandonlyforactuallossincurredinreliancehereoninundertakingingoodfaith(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 committedforandsuchliabilityissubjecttotheinsuringprovisionsandConditionsandtheExclusionsfromCoverageoftheformofpolicyorpoliciescommittedforinfavoroftheproposedInsuredwhichareherebyincorporatedbyreferenceandaremadeapartofthisCommitmentexceptas 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 thisCommitment. 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 ofeither the Company or the Insured as the exclusive remedy of the parties.You may review a copy of the arbitration rulesathttp://wwwaltaorg. END OF CONDITIONS AMERICANCopyrightAmericanLandTitleAssociation.All rights reserved.LAND TITLE ASSOCIAIION The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.f. All other uses are prohibited.Reprinted under license from the American Land Title Association..>1 ALTA Commitment (06/17/2006)Printed:12.15.16 @ 10:57 AMPage15WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 RECORDING REQUIREMENTS Effective January 1,1997,document format and content requirements have been imposed by Washington Law.Failure to comply with the following requirements may result in rejection of the document by the county recorder or imposition of a $50.00 surcharge. First page or cover sheet: 3"top margin containing nothing except the return address. 1"side and bottom margins containing no markings or seals. Title(s)of documents. Recording no.of any assigned,released or referenced document(s). Grantors names (and page no.where additional names can be found). Grantees names (and page no.where additional names can be found). Abbreviated legal description (Lot,Block,Plat Name or Section,Township,Range and Quarter,Quarter Section for unplatted).Said abbreviated legal description is not a substitute for a complete legal description which must also appear in the body of the document. Assessor's tax parcel number(s). Return address (in top 3"margin). **A cover sheet can be attached containing the above format and data if the first page does not contain all required data. Additional Pages: 1"top,side and bottom margins containing no markings or seals. All Pages: No stapled or taped attachments.Each attachment must be a separate page.All notary and other pressure sealsmustbesmudgedforvisibility.Font size of 8 points or larger. Recording Requirements Printed:12.15.16 @ 10:57 AM by KEWA00000924.doc/Updated:05.23.16 Page 16 ----0049696-06 FIDELITY NATIONAL FINANCIAL,INC. PRIVACY NOTICE Effective:April 1,2016 Order No.:0049696-06 At Fidelity National Financial,Inc.and its majority-owned subsidiary companies (collectively,"FNF","our"or "we"),we value the privacy of our customers.This Privacy Notice explains how we collect,use,and protect your information and explains thechoicesyouhaveregardingthatinformation.A summary of our privacy practices is below.We also encourage you to read the complete Privacy Notice following the summary. Types of Information Collected.You may provide us with certain personal information,like your contact information, social security number (SSN),driver’s license,other government ID numbers,and/or financial information.We may also receive information from your Internet browser, computer and/or mobile device. How Information is Collected.We may collect personalinformationdirectlyfromyoufromapplications,forms,or communications we receive from you,or from other sources on your behalf,in connection with our provision of products or services to you.We may also collect browsinginformationfromyourInternetbrowser,computer,mobile device or similar equipment.This browsing information is generic and reveals nothing personal about the user. Use of Your Information.We may use your information to provide products and services to you (or someone on yourbehalf),to improve our products and services,and to communicate with you about our products and services. We do not give or sell your personal information to parties outside of FNF for their use to market their products orservicestoyou. Security Of Your Information.We utilize a combination of security technologies,procedures and safeguards tohelpprotectyourinformationfromunauthorizedaccess, use and/or disclosure.We communicate to our employees about the need to protect personal information. Choices With Your Information.Your decision to submitpersonalinformationisentirelyuptoyou.You can opt-outofcertaindisclosuresoruseofyourinformationorchoose to not provide any personal information to us. When We Share Information.We may disclose yourinformationtothirdpartiesprovidingyouproductsand services on our behalf,law enforcement agencies or governmental authorities,as required by law,and to parties with whom you authorize us to share yourinformation. Information From Children.We do not knowingly collect information from children under the age of thirteen (13), and our websites are not intended to attract children. Privacy Outside the Website.We are not responsible fortheprivacypracticesofthirdparties,even if our website links to those parties’websites. Access and Correction.If you desire to see the information collected about you and/or correct anyinaccuracies,please contact us in the manner specified inthisPrivacyNotice. Do Not Track Disclosures.We do not recognize "do nottrack"requests from Internet browsers and similar devices. The California Online Privacy Protection Act.CertainFNFwebsitescollectinformationonbehalfofmortgage loan servicers.The mortgage loan servicer is responsible for taking action or making changes to any consumer information submitted through those websites. International Use.By providing us with your information, you consent to the transfer,processing and storage of such information outside your country of residence,as well as the fact that we will handle such information consistent with this Privacy Notice. Your Consent To This Privacy Notice.By submitting information to us and using our websites,you are accepting and agreeing to the terms of this Privacy Notice. Contact FNF.If you have questions or wish to contact us regarding this Privacy Notice,please use the contact information provided at the end of this Privacy Notice. Privacy StatementWA00000924.doc /Updated:05.23.16 Page 17 Printed:12.15.16 @ 10:57 AM by KE----0049696-06 FIDELITY NATIONAL FINANCIAL,INC.PRIVACY NOTICE FNF respects and is committed to protecting your privacy. We pledge to take reasonable steps to protect your Personal Information (as defined herein)and to ensure your information isusedincompliancewiththisPrivacyNotice. This Privacy Notice is only in effect for information collected and/or owned by or on behalf of FNF,including collection throughanyFNFwebsiteoronlineservicesofferedbyFNF(collectively,the "Website"),as well as any information collected offline(e.g.,paper documents).The provision of this Privacy Notice to you does not create any express or implied relationship,nor create any express or implied duty or other obligation,betweenFNFandyou. Types of Information Collected We may collect two (2)types of information:Personal InformationandBrowsingInformation. Personal Information.The types of personal information FNF collects may include,but are not limited to: 0 contact information (e.g.,name,address,phone number,email address); .social security number (SSN),driver’s license,and other government ID numbers;and 0 financial account or loan information. Browsing Information.The types of browsing information FNF collects may include,but are not limited to: 0 Internet Protocol (or IP)address or device lD/UDID,protocolandsequenceinformation; .browser language; 0 browser type; c domain name system requests; 0 browsing history; 0 number of clicks; .hypertext transfer protocol headers;and 0 application client and server banners. How Information is Collected In the course of our business,we may collect PersonalInformationaboutyoufromthefollowingsources: .applications or other forms we receive from you or your authorized representative,whether electronic or paper; 0 communications to us from you or others; 0 information about your transactions with,or services performed by,us,our affiliates or others;and 0 information from consumer or other reporting agencies and public records that we either obtain directly from thoseentities,or from our affiliates or others. Privacy StatementWA00000924.doc /Updated:05.23.16 Page {{Page}} We may collect Browsing Information from you as follows: 0 Browser Log Files.Our servers automatically log,collect andrecordcertainBrowsingInformationabouteachvisitortotheWebsite.The Browsing Information includes only generic information and reveals nothing personal about the user. 0 Cookies.From time to time,FNF may send a "cookie"to yourcomputerwhenyouvisittheWebsite.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.When you visit the Website again,the cookie allows the Website torecognizeyourcomputer,with the goal of providing an optimized user experience.Cookies may store user preferences and other information.You can choose not toacceptcookiesbychangingthesettingsofyourInternetbrowser.If you choose not to accept cookies,then somefunctionsoftheWebsitemaynotworkasintended. Use of Collected InformationInformationcollectedbyFNFis used for three (3)main purposes: 0 To provide products and services to you,or to one or more third party service providers who are performing services onyourbehalforinconnectionwithatransactioninvolvingyou; 0 To improve our products and services;and 0 To communicate with you and to inform you about FNF's products and services. When We Share Information We may share your Personal Information (excluding information we receive from consumer or other credit reporting agencies)andBrowsingInformationwithcertainindividualsandcompanies,as permitted by law,without first obtaining your authorization.Suchdisclosuresmayinclude,without limitation,the following: o to agents,representatives,or others to provide you with services or products you have requested,and to enable us todetectorpreventcriminalactivity,fraud,or material misrepresentation or nondisclosure; o to third-party contractors or service providers who provideservicesorperformotherfunctionsonourbehalf; 0 to law enforcement or other governmental authority in connection with an investigation,or civil or criminal subpoenas or court orders;and/or 0 to other parties authorized to receive the information inconnectionwithservicesprovidedtoyouoratransaction involving you. Printed:12.15.16 @ 10:58 AM by KE"ll-004969606 We may disclose Personal Information and/or Browsing Information when required by law or in the good-faith belief thatsuchdisclosureisnecessaryto: o comply with a legal process or applicable laws; 0 enforce this Privacy Notice; c investigate or respond to claims that any information provided by you violates the rights of a third party;or .protect the rights,property or personal safety of FNF,its users or the public. We make efforts to ensure third party contractors and serviceproviderswhoprovideservicesorperformfunctionsonourbehalfprotectyourinformation.We limit use of your information to the purposes for which the information was provided.We do not give or sell your information to third parties for their own directmarketinguse. We reserve the right to transfer your Personal Information, Browsing Information,as well as any other information,in connection with the sale or other disposition of all or part of theFNFbusinessand/or assets,or in the event of our bankruptcy,reorganization,insolvency,receivership or an assignment for the benefit of creditors.You expressly agree and consent to the use and/or transfer of this information in connection with any of theabovedescribedproceedings.We cannot and will not be responsible for any breach of security by any third party or for any actions of any third party that receives any of the information that is disclosed to us. Choices With Your Information Whether you submit your information to FNF is entirely up to you. If you decide not to submit your information,FNF may not be able to provide certain products or services to you.You may choose to prevent FNF from using your information under certain circumstances ("opt out").You may opt out of receivingcommunicationsfromusaboutourproductsand/or services. Security And Retention Of Information FNF is committed to protecting the information you share with usandutilizesacombinationofsecuritytechnologies,proceduresandsafeguardstohelpprotectitfromunauthorizedaccess,use and/or disclosure.FNF trains its employees on privacy practices and on FNF’s privacy and information security policies.FNF works hard to retain information related to you only as long asreasonablynecessaryforbusinessand/or legal purposes. Information From Children The Website is meant for adults.The Website is not intended ordesignedtoattractchildrenundertheageofthirteen(13).We do not collect Personal Information from any person that we know tobeundertheageofthirteen(13)without permission from a parent or guardian. Access and Correction To access your Personal Information in the possession of FNFandcorrectinaccuracies,please contact us by email at privacy@fnf.com or by mail at: Fidelity National Financial,Inc. 601 Riverside AvenueJacksonville,Florida 32204 Attn:Chief Privacy Officer Your Consent To This Privacy NoticeBysubmittingPersonalInformationand/or Browsing Information to FNF,you consent to the collection and use of information by FNF in compliance with this Privacy Notice.We reserve the right to make changes to this Privacy Notice.If we change this Privacy Notice,we will post the revised version on the Website. Privacy StatementWA00000924.doc /Updated:0523.16 Page {{Page}l Privacy Outside the WebsiteTheWebsitemaycontainlinks to other websites,including links to websites of third party service providers.FNF is not and cannot be responsible for the privacy practices or the content of any of those other websites. International Users Because FNF’s headquarters is located in the United States,wemaytransferyourPersonalInformationand/or BrowsingInformationtotheUnitedStates.By using our website and providing us with your Personal Information and/or Browsing Information,you understand and consent to the transfer,processing and storage of such information outside your countryofresidence,as well as the fact that we will handle such information consistent with this Privacy Notice. Do Not Track Disclosures Currently,our policy is that we do not recognize "do not track" requests from Internet browsers and similar devices. The California Online Privacy Protection Act For some websites which FNF or one of its companies owns,suchastheCustomerCareNet("CCN"),FNF is acting as a third party service provider to a mortgage loan servicer.In those instances,we may collect certain information on behalf of that mortgage loanservicer,including: .first and last name; .property address; .user name and password; -loan number; .social security number -masked upon entry; o email address; -security questions and answers;and .IP address. The information you submit is then transferred to your mortgageloanservicerbywayofCCN.The mortgage loan servicer is responsible for taking action or making changes to anyconsumerinformationsubmittedthroughthiswebsite.For example,if you believe that your payment or user information is incorrect,you must contact your mortgage loan servicer. CCN does not share consumer information with third parties,otherthanthosewithwhichthemortgageloanservicerhascontracted to interface with the CCN application.All sections of this Privacy Notice apply to your interaction with CCN,except for the sections titled Choices with Your Information,and Access and Correction.Ifyouhavequestionsregardingthechoicesyouhavewithregardto your personal information or how to access or correct your personal information,contact your mortgage loan servicer. Contact FNF Please send questions and/or comments related to this Privacy Notice by email at privacy@fnf.com or by mail at: Fidelity National Financial,Inc. 601 Riverside Avenue Jacksonville,Florida 32204 Attn:Chief Privacy Officer Copyright ©2016.Fidelity National Financial,Inc. All Rights Reserved. EFFECTIVE AS OF APRIL 1,2016 Printed:12.15.16 @ 10:58 AM by KE"ll-004969606