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HomeMy WebLinkAboutv.1 Vantage Point_Energov_01.06.17 v.1 Vantage Point_01.06.17/0049696-06 Hyperlinked Third Commitment.pdfMaster Commitment with Attachments ALTA COMMITMENT FOR TITLE INSURANCE Commitment Number: Issued By agent: 0049696-06 CHICAGO TITLE Update 3rd Commitment 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 onlywhen 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 orAgent 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 AM Page 1 WA—CT—FNSE—02150.622476—SPS-1—16—0049696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment ISSUING OFFICE: FOR SETTLEMENT INQUIRIES, CONTACT: Title Officer: Commercial /Unit 6 Chicago Title Company ofWashington 701 5th Avenue, Suite 2300 Seattle, WA 98104 Main Phone: (206)628-5610 Email: 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 company Policy Amount: To Be Determined Premium: To Be Determined Tax: To Be Determined Total: To Be Determined ALTA Loan Policy 2006 Proposed Insured: To Be Determined Policy Amount: To Be Determined Premium: To Be Determined Tax: To Be Determined Total: 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, 2113 Recorded: 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 AMERICANCopyright American Land Title Association. 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 AM Page 2 WA—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 recording number 20100111900006, 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 AM Page 3 WA—CT—FNSE—02150.622476—SPS-1—16—0049696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment 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 the Public Records. E. Taxes or special assessments which are not yet payable or which are not 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. |. 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. AMERICANCopyright American Land Title Association. 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 AM Page 4 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696— 06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment 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 system Recording Date: September 7, 1984 Recording No.: 8409070698 Affects: 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, 2014 Recording No.: 20140515000840 Affects: 10 feet in width having 5 feet of such width on each side of the centerline of grantee‘s systems located as constructed or to be constructed, extended, or relocated 4. Agreement for Easement, and the terms and conditions thereof Executed by: Soos Creek Water and Sewer District and Housing Authority ofthe County of King Recording Date: July 10, 2015 Recording No.: 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 . . . . . . AMERICANCopyright American Land Title Assomation. 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 ALTACommitment(06/17/2006) Printed: 12.15.16 @ 10:57AM Page 5 WA—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 wife Recording Date: 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 corporation Recording Date: 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 damage structures on the surface ofthe parcels herein conveyed; 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. AMERICANCopyright American Land Title Association. 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 AM Page 6 WA—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 Service Dated: 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 CountyWater District No. 58; and King County Housing Authority Recording Date: June 6, 1983 Recording No.: 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, 1983 Recording No.: 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 Authority Recording Date: March 22, 1991 Recording No.: 9103221062 Regarding: location of a fence 14. Agreement and the terms and conditions thereof: Executed by: Polygon 2000, Inc., and King County Housing Authority Recording Date: 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 ALTACommitment(06/17/2006) Printed: 12.15.16 @ 10:57AM Page 7 WA—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 of the year from that date: Tax Account No.: Levy Code: Assessed Value-Land: Assessed Value-Improvements: Affects: 18. 322305-9363-02 2128 not disclosed not disclosed Tract C-2 General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half delinquent if unpaid on November 1 ofthe tax year (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 TITLE ASSOCIAHON ALTA Commitment (06/17/2006) Printed: 12.15.16 @ 10:57 AM Page 8 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 19. General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties): Year: 2016 Tax Account No.: 322305-9363-02 Levy Code: 2128 Assessed Value-Land: not disclosed Assessed Value-Improvements: not disclosed General and Special Taxes: Billed: $7.70 Paid: $7.70 Unpaid: $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 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 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 Authority Recording Date: August 11, 2014 Recording No.: 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 AM Page 9 WA—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 Washington State Housing Finance Commission Recording Date: September 23, 2014 Recording No.: 20140923000838 Amendment to Regulatory Agreement (Extended Use Agreement), and the terms and conditions thereof: Recorded: August 21, 2015 Recording No. 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 King Recording Date: September 23, 2014 Recording No.: 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 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 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 AM Page 10 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment 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, 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.: 20140923000843 29. Leasehold Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture filing to secure an indebtedness in the amount shown below, Amount: $2,500,000.00 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, 2014 Recording No.: 20140923000844 30. Priority and Subordination Agreement and the terms and conditions thereof: Executed by: Washington State Housing Finance Commission; Vantage Point Apartments LLC, a Washington limited liability company; and The Housing Authority of the County of King, a Washington public body corporate and politic Recording Date: September 23, 2014 Recording No.: 20140923000845 as amended by FirstAmendment 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 AM Page 11 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment SCHEDULE B (continued) 31. To provide an extended coverage lender’s policy, general exceptions A through D may be eliminated or limited after an inspection of the Land and/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 predicated upon a conveyance or encumbrance from the entity named below. Limited Liability Company: Vantage Point Apartments LLC a. A copy of its operating agreement, if any, and any and all amendments, supplements and/or modifications thereto, 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 of origin. 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 policy oftitle insurance. 35. Covenants, conditions and restrictions but omitting any covenants or restrictions, if any, including but not limited to those based upon race, 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 AM Page 12 WA—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, Washington Recording Date: 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 BMPS Dated: 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, LLC Purpose: broadband communications system Recording Date: June 7, 2016 Recording No.: 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 for loss arising by reason of the matters listed below because these matters are either excepted or excluded from coverage or are not matters covered underthe insuring provisions of the policy. 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 legal description within the body of the document: Lot 2 and Tract C—2, Renton SP# LUA-08—137-SHPL, Rec # 20100111900006 Tax Account No.: 322305-9362-03 and 322305-9363-02 AMERICANCopyright American Land Title Association. 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 AM Page 13 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment 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 AMERICANCopyright American Land Title Association. 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 AM Page 14 WA—CT—FNSE—02150.622476—SPS-1—16—OO49696—06 COMMITMENT NO. 0049696-06 CHICAGO TITLE COMPANY OF WASHINGTON UPDATE 3rd Commitment 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 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 ofeither the Company or the Insured as the exclusive remedy ofthe parties. You may review a copy of the arbitration rules at http://wwwaltaorg. END OF CONDITIONS AMERICANCopyright American Land Title Association. 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 AM Page 15 WA—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 seals must be smudged for visibility. Font size of 8 points or larger. Recording Requirements Printed: 12.15.16 @ 10:57 AM by KE WA00000924.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 the choices you have regarding that information. 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 personal information directly from you from applications, 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 browsing information from your Internet browser, computer, mobile device or similar equipment. This browsing information is generic and reveals nothing personal about the user. Use ofYour Information. We may use your information to provide products and services to you (or someone on your behalf), 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 or services to you. Security Of Your Information. We utilize a combination of security technologies, procedures and safeguards to help protect your information from unauthorized access, use and/or disclosure. We communicate to our employees about the need to protect personal information. Choices With Your Information. Your decision to submit personal information is entirely up to you. You can opt-out of certain disclosures or use of your information or choose to not provide any personal information to us. When We Share Information. We may disclose your information to third parties providing you products and services on our behalf, law enforcement agencies or governmental authorities, as required by law, and to parties with whom you authorize us to share your information. 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 for the privacy practices of third parties, 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 any inaccuracies, please contact us in the manner specified in this Privacy Notice. Do Not Track Disclosures. We do not recognize "do not track" requests from Internet browsers and similar devices. The California Online Privacy Protection Act. Certain FNF websites collect information on behalf of mortgage 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 Statement WA00000924.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 is used in compliance with this Privacy Notice. This Privacy Notice is only in effect for information collected and/or owned by or on behalf of FNF, including collection through any FNF website or online services offered by FNF (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, between FNF and you. Types of Information Collected We may collect two (2) types of information: Personal Information and Browsing Information. 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, protocol and sequence information; . 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 Personal Information about you from the following sources: . 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 those entities, or from our affiliates or others. Privacy Statement WA00000924.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 and record certain Browsing Information about each visitor to the Website. 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 your computer when you visit the Website. 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 to recognize your computer, with the goal of providing an optimized user experience. Cookies may store user preferences and other information. You can choose not to accept cookies by changing the settings of your Internet browser. If you choose not to accept cookies, then some functions of the Website may not work as intended. Use of Collected Information Information collected by FNF is 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 on your behalf or in connection with a transaction involving you; 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) and Browsing Information with certain individuals and companies, as permitted by law, without first obtaining your authorization. Such disclosures may include, without limitation, the following: o to agents, representatives, or others to provide you with services or products you have requested, and to enable us to detect or prevent criminal activity, fraud, or material misrepresentation or nondisclosure; o to third-party contractors or service providers who provide services or perform other functions on our behalf; 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 in connection with services provided to you or a transaction 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 that such disclosure is necessary to: 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 service providers who provide services or perform functions on our behalf protect your information. 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 direct marketing use. 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 the FNF business and/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 the above described proceedings. 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 receiving communications from us about our products and/or services. Security And Retention Of Information FNF is committed to protecting the information you share with us and utilizes a combination of security technologies, procedures and safeguards to help protect it from unauthorized access, 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 as reasonably necessary for business and/or legal purposes. Information From Children The Website is meant for adults. The Website is not intended or designed to attract children under the age of thirteen (13). 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. Access and Correction To access your Personal Information in the possession of FNF and correct inaccuracies, please contact us by email at privacy@fnf.com or by mail at: Fidelity National Financial, Inc. 601 Riverside Avenue Jacksonville, Florida 32204 Attn: Chief Privacy Officer Your Consent To This Privacy Notice By submitting Personal Information and/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 Statement WA00000924.doc / Updated: 0523.16 Page{{Page}l Privacy Outside the Website The Website may contain links 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, we may transfer your Personal Information and/or Browsing Information to the United States. 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 country of residence, 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, such as the Customer CareNet ("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 loan servicer, 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 mortgage loan servicer by way of CCN. The mortgage loan servicer is responsible for taking action or making changes to any consumer information submitted through this website. 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, other than those with which the mortgage loan servicer has contracted 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. If you have questions regarding the choices you have with regard to 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 v.1 Vantage Point_01.06.17/15111 - CC - Lot Line Adjustment- 16-1219.pdf v.1 Vantage Point_01.06.17/Vantage Point LLA Parcel Map Checks 12-19-16.pdf v.1 Vantage Point_01.06.17/Vantage Point LLA Project Narrative.docx Vantage Point Lot Line Adjustment Project Narrative Applicant: King County Housing Authority Project Name: Vantage Point Lot Line Adjustment Location: 17901 105th Place SE, Renton, WA 98055 Purpose of Lot Line Adjustment: On April 22, 2014 the Hearing Examiner issued a final decision in response to King County Housing Authority’s application for site plan approval for the development of 77 units of senior housing (LUA-14-000226). This final decision includes the condition that King County Housing Authority survey the critical areas after construction and adjust the boundary between Lot 2 and Tract C-2 so that the critical area if fully contained within Tract C-2. Construction has been completed of the 77 units and a new survey delineating the critical area has been conducted. This application is to adjust the lot line between the two parcels to be consistent with this boundary. Current Use of Sites: King County Housing Authority built a 99,000 square foot building on Lot 2 that is being used as 77 senior apartment units. Tract C-2 has been preserved as a critical area. Special Site Features: Tract C-2 is a critical area due to steep slopes. Proposed Future Use of the Properties: There is no proposed change to the use of either property, so the existing uses will continue. Proposed Code Modifications: No code modifications are being requested. v.1 Vantage Point_01.06.17/Vantage Point Neighborhood Map.pdf King County Vantage Point Neighborhood Detail Map Date: 12/19/2016 Notes: ±T he information included on this map has been compiled by King County staff from a variety of sources and is subject to changew ithout notice. King County makes no representations or warranties, express or implied, as to accuracy, completeness, timeliness,o r rights to the use of such information. This document is not intended for use as a survey product. King County shall not be liablef or any general, special, indirect, incidental, or consequential damages including, but not limited to, lost revenues or lost profitsr esulting from the use or misuse of the information contained on this map. Any sale of this map or information on this map is prohibited except by written permission of King County.