HomeMy WebLinkAboutSeattle Pipe Trades Title Report 6.10.15SUBDIVISION
Guarantee/Certificate Number:
Issued By:
0041828-06
Subdivision Guarantee/Certificate Printed: 06.08.15 @ 01:13 PM
Page 1 WA-CT-FNSE-02150.622476-SPS-1-15-0041828-06
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
McKenzie Rothwell Barlow & Coughran, P.S.
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.0041828-06
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
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Liability Premium Tax
$1,000.00 $500.00 $48.00
Effective Date: June 1, 2015 at 08:00 AM
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:
K & M Holdings IV, 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: 06.08.15 @ 01:13 PM
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Lot A City of Renton Lot Line Adjustment No. LUA-02-102-LLA, recorded December 10, 2002 under King County
Recording No. 20021210900012, records of King County, Washington.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
(continued)
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SPECIAL EXCEPTIONS
1.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of:
Purpose: Water Pipeline
Recording Date: May 13, 1905
Recording No: 337821
Affects: The description contained therein is not sufficient to determine its exact location within the property
2.Drainage System Agreement and the terms and conditions thereof
Recording Date: November 15, 1921
Recording No.: 1567708
Said agreement was amended by instrument recorded under recording number 2602211
3.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: Chicago, Milwaukee, St. Paul & Pacific Railroad Company
Purpose: Industrial Track or Tracks, Slopes, Cuts and Fills together with necessary embankment
Recording Date: September 19, 1961
Recording No: 5331102
Affects: A portion of said premises and other property
4.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: City of Seattle
Purpose: Sewer Interceptor
Recording Date: May 2, 1986
Recording No: 8602020840
Affects: Westerly portion of said premises and other property
5.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Puget Sound Power and Light Company
Purpose: Electric transmission and/or distribution line, together with necessary appurtenances
Recording Date: 05/23/1988
Recording No: 8805230282
Affects: 10 foot strip lying within said premises however, the description contained therein is not sufficient to
determine its exact location within the property
6.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: City of Renton
Purpose: Wetland Inspection
Recording Date: June 21, 1990
Recording No: 9006210681
Affects: An unimproved portion of said premises
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
(continued)
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7.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
Purpose: Reciprocal Access and Utilities
Recording Date: June 28, 1990
Recording No: 9006281428
Said easement contains provisions for bearing the cost of maintenance, repair or reconstruction of the right of way
for access.
8.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
Purpose: Railroad Spur
Recording Date: June 28, 1990
Recording No: 9006281429
Affects: A portion of said premises and other property
Said instrument contains provisions for bearing the cost of maintenance, repair or reconstruction of the right of
way for railroad spur by the users
9.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
Purpose: Reciprocal Emergency Vehical Access
Recording Date: June 28, 1990
Recording No: 9006281430
Affects: A 60 foot strip within the subject premises
10.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
Purpose: Waterline for fire protection
Recording Date: June 28, 1990
Recording No: 9006281435
Affects: A 15 foot strip within said premises
Said instrument contains provisions for bearing the cost of maintenance, repair or reconstruction of the right of
way for by the users
11.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
Purpose: Sewer Line
Recording Date: June 28, 1990
Recording No: 9006281436
Affects: A 20 foot strip within the easterly portion of said premises
12.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: MCI Telecommunications Corporation
Purpose: Underground Communication Equipment
Recording Date: October 29, 1991
Recording No: 9110290815
Affects: Westerly portion of said premises
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
(continued)
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13.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: City of Renton
Purpose: Public Utilites
Recording Date: August 10, 1992
Recording No: 9208100903 and 9808100905
Affects: Northerly portion of said premises
14.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: U.S. Sprint Communiations Company
Purpose: Underground Communication Equipment
Recording Date: December 16, 1998
Recording No: 9812161017
Affects: Westerly portion of said premises
15.City of Renton Ordinance No. 3982
Recording Date: August 21, 1987
Recording No.: 8708210845
16.City of Renton Ordinance No. 4167
Recording Date: August 19, 1988
Recording No.: 8808190391
17.Wetland Maintenance Agreement and the terms and conditions thereof
Recording Date: June 28, 1990
Recording No.: 9006281437
18.Waiver of Protest Regarding Formation of a Local Improvment District and/or off-site roadway improvements
Recording Date: September 27, 1990
Recording No.: 9009271241
19.Regional Dentention Facility Pump Station and Establishment of Reciprocal Easements Related Thereto
Recording Date: June 19, 1995
Recording No.: 9506191492
20.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:
In favor of: City of Renton
Purpose: Public Utilities
Recording Date: October 23, 2000
Recording No: 20001023001178 and 20001023001179
Affects: A portion of said premises
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
(continued)
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21.Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building
setback lines, notes and statements, if any, 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, or source of income, 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 on City of Renton Boundary
Line Adjustment LUA-02-102-LLA:
Recording No: 20021210900012
22.Easement deed by Court Order in Settlement of Landowner Action and the terms and conditions thereof:
Recording Date: April 16, 2014
Recording No.: 20140416000165
23.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: 2015
Tax Account No.: 242304-9123-04
Levy Code: 2100
Assessed Value-Land: $2,416,700.00
Assessed Value-Improvements: $2,223,700.00
General and Special Taxes:
Billed: $58,810.85
Paid: $29,405.43
Unpaid: $29,405.42
24.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $3,300,000.00
Dated: January 10, 2014
Trustor/Grantor: K & M Holdings IV, L.L.C, a Washington limited liability company
Trustee: Ticor Title Company
Beneficiary: Heritage Bank
Recording Date: January 13, 2004
Recording No.: 201401130000824
25.An assignment of all moneys due, or to become due as rental or otherwise from said Land, to secure payment of
an indebtedness, shown below and upon the terms and conditions therein
Amount: $3,300,000.00
Assigned to: Hertiage Bank
Assigned By: K & M Holdings IV, L.L.C, a Washington limited liability company
Recording Date: January 13, 2014
Recording No.: 20140113000825
26.Any unrecorded leaseholds, right of vendors and holders of security interests on personal property installed upon
the Land and rights of tenants to remove trade fixtures at the expiration of the terms.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0041828-06
SCHEDULE B
(continued)
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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 A , Boundary Line Adjustment No. 20021210900012
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 SCHEDULE B