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HomeMy WebLinkAboutD 8012050144 . Fled hr Record d Rugged d - : FIRST, AMERICAN TITLE -t A M E R, FOURTH & s&.mCHARD eWG 41i'5. a2 SEATT )IN 98121 THIS SPACE RESERVED fOR RECORDER'S USE: .,, =� : First American Title FR --: _ . i IF I 44.5 `,Ye INSURANCE COMPANY IN113L ;L- ( I1 rtm1 G' C 1930 Filed for Record at Request of V Name Office of the City Attorney --. i;' to CAddress P.O. Box 626 -14 4 Cityand StateRenton rWA 98055 C 0 ril OD R- / 'd Koome Estate 3 Full Reconveyance The undersigned as trustee under that certain Deed of Trust, dated June 29 , 19 79 , in which William J. McAllister, a married man, whose wife's name is Mary Kay is grantor McAllister, and Estate of A. Frans Koome, deceased, is beneficiary, recorded on July 11 , 19...7.9.._., as Auditor's File No. 7907110097 , in Volume of Mortgages,at page ,records of King. County,Washington, having received from the beneficiary under said Deed of Trust a written request to reconvey, reciting that the obligations secured by the Deed of Trust has been fully satisfied, does hereby reconvey, without warranty, to the person(s) entitled thereto all of the right, title and interest now held by said trustee in and to the property described in said Deed of Trust, situated in King County, Washington, as follows: X The East 60 feet of Lots 4, 5 and 6; all of Lot 7, and the South 20 feet of Lot 8, all in Block 11, Town of Renton; EXCEPT portion thereof conveyed to City of Renton by deed recorded under Recording Nos . 1834064 and 2994351, records of King County, Washington, N according to the plat thereof recorded in Volume 1 of Plats , page 135, 1 records of King County, Washington. cd Situate in the City of Renton, County of King, State of Washington. E—+ Cl) r--I Dated December 1 , 19...8.0..... FIRST M ICAN TITLE INSURANCE COMPANY / (Trustee) By... ij_ ,ie.4. ./ J-f Warne (Name-Tale) Asst. Secretary By (Name-Title) STATE OF WASHINGTON ) STATE OF WASHINGTON 1 . 58 COUNTY OF COUNTY OF On this day personally appeared before me On this is t day of December lg 80 , before me, the undersigned, a Notary Public in and for the State of Wash- ington, duly commissioned and sworn, personally appeared to me known to be the individual described in and who executed the within and foregoing instrument, ME Jean i Warne , and acknowledged that signed the same to me known to be the ilk Asst. Secretary, as free and voluntary act and deed, =meow of...First..American...I.itl.e...I.nslirance...C.ompanY for the uses and purposes therein mentioned. the corporation that executed the foregoing instrument, ar.d acknowledged the said instrument to be the free and voluntary act and need of said corpor- ation, for the uses and purposes therein mentioned, and on oath stated that she is authorized to execute the said instrume z+.and i.hat the seal GIVEN under my hand and official seal this affixed is the corporate seal of said corporation. day of , 19 Witness my hand acid official seal hereto affixed the nay and year first above written. .'' 7.//?4e - Notary 7 Notary Public in and for the State of Wash- Notary Public in and r the S of Washington, ington, residing at residing at..-- WA-38 OF !? U ; • V4ASHi'd GTON LAND TITLE ASSOCIAT,ON • STANDARD FORM • . - . Policy of Title Insurance \i-\\ g0 � Issued by Transamerica Title Insurance Company hereinafter called the Company, a California corporation, for valuable consideration, and subject to the conditions and stipulations of this policy, does hereby insure the person or persons named in item 1 of Schedule A, together with the persons and corporations in • - cluded in the definition of"the insured" as set forth in the conditions and stipulations, against loss or damage sustained by reason of: 1. Title to the estate, lien or interest defined in items 3 and 4 of Schedule A being vested, at the date hereof,otherwise than as stated in item 2 of Schedule A;or 2. Any defect in, or lien or encumbrance on, said title existing at the date hereof, not shown in Schedule B;or 3. Any defect in the execution of any instrument shown in item 3 of Schedule A, or priority, at the date hereof, over any such instrument, of any lien or encumbrance not shown in Schedule B;or 4. Unmarketability of such title; provided, however, the Company shall not be liable for any loss, damage or expense re- sulting from the refusal of any person to enter into, or perform, any contract respecting the estate, lien or interest insured. The total liability is limited to the amount shown in Schedule A, exclusive of costs incurred by the Company as an incident to defense or settlement of claims hereunder. In witness whereof, THE COMPANY has caused this policy to be authenticated by the facsimile signature of its President, and its Secretary. Transamerica Title Insurance Company By Xe4"" eS- 4 ••t President By Secretary CONDITIONS AND STIPULATIONS 1. The Company shall have the right to, and will, at its own expense, defend the insured with respect to all demands and legal proceedings founded upon a claim of title, encumbrance or defect which existed or is claimed to have existed prior to the date hereof and is not set forth or excepted herein; reserving, however, the option at any time of settling the claim or paying the amount of this policy in full. In case any such demand shall be asserted or any such legal proceedings shall be instituted the in- sured shall at once give notice thereof in writing to the Company at its state office, Park Place, Sixth Avenue at University Street, Seattle,Washington 98101 and,if the insured is a party to such legal proceedings,secure to the Company,within ten days after service of first process upon the insured,the right to defend such legal proceedings in the name of the insured so far as necessary to protect the insured, and the insured shall render all reasonable assistance in such defense. If such notice shall not be given, or the right to defend secured,as above provided,then all liability of the Company with regard to the subject matter of such demand or legal pro- ceedings,and any expense incident thereto,shall terminate; provided,however,that failure to give such notice shall in no case prejudice the claim of the insured unless the Company shall be actually prejudiced by such failure and then only to the extent of such prejudice. 2. In the event of final judicial determination by a court of competent jurisdiction, under which the estate, lien or interest in- sured is defeated or impaired by reason of any adverse interest, lien or encumbrance not set forth or excepted herein, claim may be made as herein provided. A statement in writing of any loss or damage, for which it is claimed the Company is liable, shall be furnished to the Company at its state office within sixty days after such loss or damage shall have been ascertained. No right of action shall accrue with respect thereto until thirty days after such statement shall have been furnished and no recovery shall be had unless an action shall have been commenced thereon within one year after the expiration of said thirty days. Any rights or defenses of the Company against a named insured shall be equally available against any person or corporation who shall become an insured hereunder as successor of such named insured. 3. The Company may at any time pay this policy in full, whereupon all liability of the Company shall terminate. Every pay- ment made by the Company, exclusive of costs incurred by the Company as an incident to defense or settlement of claims hereunder, shall reduce the liability of the Company by the amount paid. The liability of the Company shall in no case exceed the actual loss of the insured and costs which the Company is obligated to pay. When the Company shall have paid a claim here- under it shall be subrogated to all rights and remedies which the insured may have against any person or property with respect to such claim, or would have if this policy had not been issued, and the insured shall transfer all such rights to the Company. If the payment made by the Company does not cover the loss of the insured, such subrogation shall be proportionate. Whenever the Company shall be obligated to pay a claim under the terms of this policy by reason of a defect in the title to a portion of the area described herein, liability shall be limited to the proportion of the face amount of this policy which the value of the defective portion bears to the value of the whole at the time of the discovery of the defect, unless liability is otherwise specifi- cally segregated herein. If this policy insures the lien of a mortgage, and claim is made hereunder, the Company may pay the entire indebtedness and thereupon the insured shall assign to the Company the mortgage and the indebtedness secured thereby, with all instruments evidencing or securing the same, and shall convey to the Company any property acquired in full or partial satisfaction of the indebtedness, and all liability of the Company shall thereupon terminate. If a policy insuring the lien of a mortgage is issued simultaneously with this policy and for simultaneous issue premium as provided in rate schedule, any payment by the Company on said mortgage policy with respect to the real estate described in Schedule A hereof shall reduce pro tanto the liability under this policy. All actions or proceedings against the Company must be based on the provisions of this policy. Any other action or actions or rights of action that the insured may have or may bring against the Company with respect to serv- ices rendered in connection with the issuance of this policy, are merged herein and shall be enforceable only under the terms, condi- tions and limitations of this policy. 4. The following terms when used in this policy mean: (a) "named insured": the persons and corporations named as insured in Schedule A of this policy; (b) "the insured": such named insured together with (1) each successor in ownership of any in- debtedness secured by any mortgage shown in Item 3 of Schedule A, (2) any owner or successor in ownership of any such indebt- edness who acquires title to the real estate described in Item 4 of Schedule A,or any part thereof, by lawful means in satisfaction of said indebtedness or any part thereof, (3) any governmental agency or instrumentality which insures or guarantees said indebtedness or any part thereof, and (4) any person or corporation deriving an estate or interest in said real estate as an heir or devisee of a named insured or by reason of the dissolution, merger, or consolidation of a corporate named insured; (c) "date hereof": the exact day, hour and minute specified in Schedule A; (d) "public records": records which, under the recording laws, impart constructive notice with respect to said real estate; (e) "state office": the office of the Company at the address shown herein; (f) "mortgage": mortgage, deed of trust, trust deed, or other security instrument described in Schedule A. • ALASKA AND WLTA POLICY Form No.W&AK 4000-1 (1PT) SCHEDULE A No. 1-02-429930 Amount $ 220,000. 00 Date October 31, 1980 at 8: 30 A. M. Premium $ 499.25 1. Insured THE CITY OF RENTON, a municipal corporation 2. Title to the estate, lien or interest insured by this policy is vested in The Named Insured. 3. Estate, lien or interest insured Fee simple estate. 4. Description of the real estate with respect to which this policy is issued The East 60 feet of Lots 4 , 5 and 6 ; ALL of Lot 7 , AND the South 20 feet of Lot 8 , ALL in Block 11 of Town of Renton , as per plat recorded in Volume 1 of Plats , on page 135 , records of King County ; EXCEPT portion thereof conveyed to City of Renton by deeds recorded under Recording Nos . 1834064 and 2994351 , records of King County ; Situate in the County of King , State of Washington. gd WLTA WASHINGTON POLICY Form NO. W 4000-2 (1PT) Revised 10-1980 SCHEDULE B Defects, liens, encumbrances and other matters against which the company does not insure: GENERAL EXCEPTIONS 1. Encroachments or questions of location,boundary and area,which an accurate survey may disclose; public or private easements, streets, roads, alleys or highways, unless disclosed of record by recorded Plat or conveyance, or decree of a Court of record; rights or claims of persons in possession, or claiming to be in possession, not disclosed by the public records;material or labor liens or liens under the Workmen's Compensation Act not disclosed by the public records; water rights or matters relating thereto; any service, installation or construction charges for sewer, water, electricity, or garbage removal. 2. Exceptions and reservations in United States Patents; right of use, control or regulation by the United States of America in the exer- cise of powers over navigation; limitation by law or governmental regulation with respect to subdivision,use enjoyment or occupancy; any prohibition of or limitation of the use, occupancy or improvement of the land resulting from the rights of the public or riparian owners to use any portion which is now or has been formerly covered by water; defects, liens, encumbrances, or other matters created or suffered by the insured; rights or claims based upon instruments or upon facts not disclosed by the public records but of which rights, claims, instruments or facts the insured has knowledge. 3. General taxes not now payable; matters relating to special assessments and special levies,if any,preceding the same becoming a lien. 4. "Consumer credit protection," "truth-in-lending," or similar law, or the failure to comply with said law or laws. Special exceptions NONE . OWNER'S INFLATION PROTECTION INDORSEMENT Attached to Policy No. Issued By Transamerica Title Insurance Company The Company, recognizing the current effect of inflation on real property valuation and intending to provide additional monetary protection to the Insured Owner named in the Policy to which this Indorsement is attached, hereby modifies said Policy, as follows: 1. Notwithstanding anything contained in said Policy to the contrary, the amount of insurance provided by said Policy, as stated in Schedule A thereof, is subject to cumulative annual upward adjustments in the manner and to the extent hereinafter specified. 2. "Adjustment Date" is defined, for the purpose of this Indorsement, to be 12:01 a.m. on the first January 1 which occurs more than six months after the Date of Policy, as shown in Schedule A of the Policy to which this Indorsement is attached, and on each succeeding January 1. 3. An upward adjustment will be made on each of the Adjustment Dates, as defined above, by increasing the maximum amount of insurance provided by said Policy (as said amount may have been increased theretofore under the terms of this Indorsement) by the same percentage, if any, by which the United States Depart- ment of Commerce Composite Construction Cost Index (base period 1967) for the month of September immedi- ately preceding exceeds such Index for the month of September one year earlier; provided, however, that the maximum amount of insurance in force shall never exceed 150,% of the amount of insurance stated in Schedule A of said Policy, less the amount of any claim paid under said Policy which, under the terms of the Conditions and Stipulations, reduces the amount of insurance in force. There shall be no annual adjustment in the amount of insurance for years in which there is no increase in said Contruction Cost Index. 4. In the settlement of any claim against the Company under said Policy, the amount of insurance in force shall be deemed to be the amount which is in force as of the date on which the insured claimant first learned of the assertion or possible assertion of such claim, or as of the date of receipt by the Com- pany of the first notice of such claim, whichever shall first occur. PROVIDED, HOWEVER, this indorsement shall be effective only if one of the following conditions exists at Date of Policy: a. The land described in this Policy is a parcel on which there is only a one-to-four family residential structure, including all improvements on the land related to residential use, in which the Insured Owner resides or intends to reside; or b. The land consists of a residential condominium unit, together with the common elements appurtenant thereto and related to residential use thereof, in which the Insured Owner resides or intends to reside. Nothing herein contained shall be construed as extending or changing the effective date of said Policy. This Indorsement is made a part of said policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. Transamerica Title Insurance Company a 4 ' By > President flz 'til AV . . :_." NOTE: In connection with any renewal policy subsequently issued on said land, the renewal rate (if applicable at all) will, be allowed based only upon the original face amount of insurance as stated in Schedule A of said Policy. T/A Indorsement Form No. W&AK T/A-1 (Effective 11-4-74 Washington) (Effective 4-17-75 Alaska) • CONDOMINIUM HOME OWNER'S ADDITIONAL PROTECTION INDORSEMENT Attached to Policy No. Issued By Transamerica Tale Insurance Company 1. This Indorsement shall be effective only if at Date of Policy the condominium described in said Policy is used as a one-family residential structure, in which the Insured Owner resides or intends to reside. For the purpose of this Indorsement the term "residential structure" is defined as the particular condominium unit described in Schedule A of said Policy, together with its undivided interest in improvements within the common areas and facilities appurtenant thereto and related to residential use thereof, except plant- ings of any nature and except perimeter fences and perimeter walls surrounding the project of which said condominium is a part. 2. The Company hereby insures the Insured Owner of said estate or interest described in Schedule A against loss which the Insured Owner shall sustain by reason of: a. any incorrectness in the assurance which the Company hereby gives that the estate or interest described in Schedule A is a condominium as defined in Chapter 64.32 as amended, of the Revised Code of Washington, in fee, and as such is entitled to be assessed and taxed as a separate parcel. • b. the existence at Date of Policy of any of the following matters: (1) lack of a right of access from said unit to a public street; (2) any taxes or assessments (excluding utility connection and service charges) levied by a public authority against the estate or interest insured which constitute liens thereon and are not shown as exceptions in Schedule B of said Policy; (3) any unrecorded statutory liens for labor or material attaching to said estate or interest arising out of any work of improvement on said land in progress or completed at Date of Policy, except a work of improvement for which said Insured Owner has agreed to be responsible; c. the enforced removal of said residential structure or interference with the use thereof for ordinary residential purposes based upon the existence at Date of Policy of: (1) any encroachment of said residential structure or any part thereof onto adjoining lands, or onto any easement shown as an exception in Schedule B of said Policy, or onto any unrecorded subsurface easement; (2) any violation of any enforceable convenants, conditions or restrictions affecting said land and shown in Schedule B; (3) any violation of applicable zoning ordinances, but this Indorsement does not insure compliance with, nor is it in any way concerned with, building codes or other exercise of governmental police power; d. damage to said residential structure resulting from the exercise of any right to use the surface of said land for the extraction or development of minerals, if minerals are excepted from the description of said land or shown as an exception or reservation in Schedule B. The total liability of the Company under said Policy and all indorsements attached thereto shall not exceed, in the aggregate, the amount of said Policy and costs which the Company is obligated under the conditions and stipulations thereof to pay; and nothing contained herein shall be construed as extending or changing the effec- tive date of said Policy. This indorsement is made a part of said Policy and is subject to the schedules, conditions and stipulations therein, except as modified by the provisions hereof. Transamerica Title Insurance Company By , 1� 1 - President Aly TA Indorsement Form No. W T/A-3 (Effective 11-4-74) � a Form`o. N'-AK-555.1 (Previd,is Form No.80 SP) , ./ ) Drawn by Checked Date Plat VoL PG. Order No. -7�/d 1 1,3 CJ SKETCH OF PROPERTY SE OUT IN ATTACHED ORDER To assist in locating the premises. It i not based on a survey, and the company assumes no liability for variations if any, in dimensions and location. 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Colorado Operations FERRY SNOHOMISH • 1837 California Street Denver,Colorado 80202 FRANKLIN SPOKANE (303)629-4800 • GRANT THURSTON . Michigan Operations Transamerica Title 20830 Rutland Drive ISLAND WAHKIAKUM Southfield,Michigan 48037 I (313)569-3100 JEFFERSON WHATCOM • New Mexico Operations Insurance Company KING WHITMAN 9809 Candelaria,N.E. KITSAP YAKIMA Albuquerque,New Mexico 87112 (505)293-8000 Nevada Operations 437 South Sierra Street Reno,Nevada 89501 (702)786-1871 • ALASKA Oregon Operations 409 S.W.Ninth Avenue d Portland,Oregon 97205 ANCHORAGE KODIAK (503)222-9931 CAPE NOME NENANA Texas Operations CORDOVA PALMER 3820 Buffalo Speedway Houston,Texas 77098 (7713)3)622-2611 FAIRBANKS PETERSBURG • HAINES SELDOVIA Utah Operations 3080 South State Street 11F Transamerica HOMER SEWARD Salt Lake City,Utah 84115 'i (801)486-5781 Title Insurance Services NYDER SITKA • Washington-Alaska Operations JUNEAU SKAGWAY Park Place KENAI VALDEZ Sixth Avenue at University Street Seattle,Washington 98101 (206)628-4650 KETCHIKAN WRANGELL