HomeMy WebLinkAboutTitle Report - Supplement No. 1SUBDIVISION
Guarantee/Certificate Number:
Issued By:
0019652-06
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
Page 1 WA-CT-FNSE-02150.622476-SPS-1-14-0019652-06
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
RAD Holdings, LLC, and Axis Survey and Mapping
herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A
or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of
reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount
set forth in Schedule A.
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you
wish additional liability, or assurances other than as contained herein, please contact the Company for further information
as to the availability and cost.
Chicago Title Company of Washington
701 5th Avenue, Suite 2300
Seattle, WA 98104
Chicago Title Insurance Company
By:
Countersigned By:
Authorized Officer or Agent
President
Attest:
Secretary
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0019652-06
ISSUING OFFICE:
Title Officer: Commercial / Unit 6
Chicago Title Company of Washington
701 5th Avenue, Suite 2300
Seattle, WA 98104
Main Phone: (206)628-5610
Email: CTISeaTitleUnit6@ctt.com
SCHEDULE A
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
Page 2 WA-CT-FNSE-02150.622476-SPS-1-14-0019652-06
Liability Premium Tax
$1,000.00 $350.00 $33.25
Effective Date: July 9, 2014 at 08:00AM
The assurances referred to on the face page are:
That, according to those public records which, under the recording laws, impart constructive notice of matter relative to
the following described property:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
Title to said real property is vested in:
RAD Holdings, LLC, a Washington limited liability company
subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their
priority.
END OF SCHEDULE A
EXHIBIT "A"
Legal Description
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
Page 3 WA-CT-FNSE-02150.622476-SPS-1-14-0019652-06
That portion of the north 100 feet of the northeast quarter of the southeast quarter in Section 30, Township 23 North,
Range 5 East, W.M., in King County, Washington, lying east of the following described line:
Beginning at a point on the north line of said subdivision which is north 89°33'31" west 1,000 feet from the northeast corner
thereof;
thence south 1°52'12" west to the south line of said north 100 feet, and the terminus of said line;
Together with an easement for roadway over the south 12 feet of the north 106 feet of the west 275 feet of that portion of
said subdivision lying east of the Kent-Renton Road, County Road No. 80;
Except portion lying within the above described main tract.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0019652-06
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
Page 4 WA-CT-FNSE-02150.622476-SPS-1-14-0019652-06
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.
I. 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.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0019652-06
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
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SPECIAL EXCEPTIONS
1.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Purpose: Roadway
Recording Date: March 22, 1947
Recording No.: 3669076
Affects: A westerly portion of the southerly 6 feet of said premises and other property
2.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 transmission and/or distribution system
Recording Date: July 11, 1952
Recording No.: 4244147
Affects: As constructed
3.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Purpose: Roadway
Recording Date: March 3, 1964
Recording No.: 5705702
Affects: The south 20 feet of said premises
We find Mutual Releases of Easement recorded under Recording Nos. 20140627001668, 20140627001669 and
20140627001670 which purport to vacate and terminate said Easement.
4.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: An electric line and all necessary appurtenances
Recording Date: November 27, 1963
Recording No.: 5669641
Affects: Portion of said premises, as staked or as may be relocated by mutual consent
5.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Washington Natural Gas
Purpose: Gas pipelines
Recording Date: January 4, 1991
Recording No.: 9101040242
Affects: South 10 feet
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 0019652-06
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 07.15.14 @ 10:23AM
Page 6 WA-CT-FNSE-02150.622476-SPS-1-14-0019652-06
6.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: 2014
Tax Account No.: 302305-9028-01
Levy Code: 2104
Assessed Value-Land: $245,000.00
Assessed Value-Improvements: $122,000.00
General and Special Taxes: Billed: $5,237.52
Paid: $2,618.76
Unpaid: $2,618.76
7.Please be advised that our search did not disclose any open mortgages of record. If you should have knowledge
of any outstanding obligation, please contact the Title Department immediately for further review prior to closing.
8.Terms and conditions of the Limited Liability Company Agreement for RAD Holdings, LLC, a Washington limited
liability company.
9.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
of title insurance.
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 under the 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:
Ptn. NE 1/4 SE 1/4 Sec 30 Twp 23 N Rge 5 E, W.M.
Tax Account No.: 302305-9028-01
Note B:Note: Any map furnished with this Guarantee 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