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HomeMy WebLinkAboutL_Plat_Certificate_180601_v2SUBDIVISION Guarantee/Certificate Number: Issued By: 0068260-06 CHICAGO TITLE INSURANCE COMPANY Update 3 rd Guarantee CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Harbour Homes, LLC 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 2700 Seattle, WA 98104 Countersigned By: Authorized Officer or Agent Chicago Title Insurance Company By: President Attest: S1hLL Secretary Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:01 PM Page 1 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06 GUARANTEE/CERTIFICATE NO. 0068260-06 CHICAGO TITLE INSURANCE COMPANY UPDATE 3rd Guarantee ISSUING OFFICE: Title Officer: Seattle Builder / Unit 16 Chicago Title Company of Washington 701 5th Avenue, Suite 2700 Seattle, WA 98104 Phone: (206)628-5623 Main Phone: (206)628-5623 Email: CTISeattleBuilderUnit@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $350.00 $35.35 Effective Date: December 28, 2017 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: Harbour Homes, 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 Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:01 PM Page 2 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06 EXHIBIT "A" Legal Description The South 2 acres of the North 4 acres of the Southwest quarter of the Southwest quarter of the Northeast quarter of Section 9, Township 23 North, Range 5 East, Willamette Meridian, in King County, Washington; Except the East 130 feet thereof; and Except the West 30 feet for Monroe Avenue N.E.; Also The North 2 acres of the Southwest quarter of the Southwest quarter of the Northeast quarter of Section 9, Township 23 North, Range 5 East, Willamette Meridian, in King County, Washington; Except the West 30 feet for County Road; and Except the East 130 feet thereof; and Except the North 48 feet. Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:01 PM Page 3 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06 GUARANTEE/CERTIFICATE NO. 0068260-06 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B GENERAL EXCEPTIONS UPDATE 3rd Guarantee H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:02 PM Page 4 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06 GUARANTEE/CERTIFICATE NO. 0068260-06 CHICAGO TITLE INSURANCE COMPANY 4 SCHEDULE B (continued) SPECIAL EXCEPTIONS Reservations and exceptions contained in the deed Grantor: Northern Pacific Railroad Company Recording No.: 51717 UPDATE 3rd Guarantee Reserving and excepting from said Lands so much or such portions thereof as are or may be mineral lands or contain coal or iron, and also the use and the right and title to the use of such surface ground as may be necessary for ground operations and the right of access to such reserved and excepted mineral lands, including lands containing coal or iron, for the purpose of exploring, developing and working the land. The Company makes no representations about the present ownership of these reserved and excepted interests. Said deed reservations and exceptions were amended by agreement recorded under recording no. 4450143. 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: 2017 Tax Account No.: 092305-9116-01 Levy Code: 2100 Assessed Value -Land: $355,000.00 Assessed Value -Improvements: $111,000.00 General and Special Taxes: Billed: Paid: Unpaid: Affects: $6,270.28 $3,135.14 $3,135.14 Southerly portion of said premises 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: Tax Account No.: Levy Code: Assessed Value -Land: Assessed Value -Improvements General and Special Taxes: Billed: Paid: Unpaid: Affects: This item intentionally deleted 2017 092305-9117-00 2100 $265,000.00 61,000.00 $4,321.11 $2,160.56 $2,160.55 Northerly portion of said premises Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:02 PM Page 5 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06 GUARANTEE/CERTIFICATE NO. 0068260-06 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B (continued) 5. This item intentionally deleted 6. This item intentionally deleted UPDATE 3rd Guarantee 7. Terms and conditions of the limited liability company agreement for Harbour Homes, LLC. 8. A deed of trust, security agreement, assignment of leases, and fixture filing to secure an indebtedness in the amount shown below, Amount: $2,695,000.00 Dated: June 1, 2017 Trustor/Grantor: Harbour Homes, LLC, a Washington limited liability company Trustee: Northwest Financial Corporation Beneficiary: Banner Bank, a Washington state chartered commercial bank Loan No.: 14009144 Recording Date: June 6, 2017 Recording No.: 20170606001635 Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Energy, Inc. Purpose: utility systems Recording Date: August 8, 2017 Recording No.: 20170808000684 Affects: as described therein 10. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2018. Note: 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 parties must notify the 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. 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: Ptns of the Southwest quarter of the Northeast quarter of Section 9-23N-5E. Tax Account Nos.: 092305-9116-01 and 092305-9117-00 Note: Any map furnished with this Guarantee/Certificate 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 Subdivision Guarantee/Certificate Printed: 01.03.18 @ 01:02 PM Page 6 WA-CT-FNSE-02150.622476-SPS-1-17-0068260-06