HomeMy WebLinkAboutALTA Title Report and Survey - Copy
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 1 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
Commitment
ALTA Commitment for Title Insurance
ISSUED BY
First American Title Insurance Company
File No: NCS-943531-WA1
COMMITMENT FOR TITLE INSURANCE
Issued By
FIRST AMERICAN TITLE INSURANCE COMPANY
NOTICE
IMPORTANT-READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE
POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS
COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION,
OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE
COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE
PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO
EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED.
THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED
IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE
COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER
PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I-Requirements; Schedule B, Part II-Exceptions; and the Commitment Conditions,
First American Title Insurance Company, a Nebraska Corporation (the "Company"), commits to issue the Policy
according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date
shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both th e
specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured.
If all of the Schedule B, Part I-Requirements have not been met within six months after the Commitment Date, this
Commitment terminates and the Company's liability and obligation end.
If this jacket was created electronically, it constitutes an original document.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 2 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
COMMITMENT CONDITIONS
1. DEFINITIONS
(a) “Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records.
(b) “Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term “Land”
does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or
easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent
that a right of access to and from the Land is to be insured by the Policy.
(c) “Mortgage”: A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized
by law.
(d) “Policy”: Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by
the Company pursuant to this Commitment.
(e) “Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this
Commitment.
(f) “Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be
issued pursuant to this Commitment.
(g) “Public Records”: Records established under state statutes at the Commitment Date for the purpose of imparting constructive
notice of matters relating to real property to purchasers for value and without Knowledge.
(h) “Title”: The estate or interest described in Schedule A.
2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue
Policy, this Commitment terminates and the Company’s liability and obligation end.
3. The Company’s liability and obligation is limited by and this Commitment is not valid without:
(a) the Notice;
(b) the Commitment to Issue Policy;
(c) the Commitment Conditions;
(d) Schedule A;
(e) Schedule B, Part I—Requirements; and
(f) Schedule B, Part II—Exceptions.
4. COMPANY’S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien,
encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the
Company is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
(a) The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred in the
interval between the Company’s delivery to the Proposed Insured of the Commitment and the delivery of the amended
Commitment, resulting from the Proposed Insured’s good faith reliance to:
(i) comply with the Schedule B, Part I—Requirements;
(ii) eliminate, with the Company’s written consent, any Schedule B, Part II—Exceptions; or
(iii) acquire the Title or create the Mortgage covered by this Commitment.
(b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had
Knowledge of the matter and did not notify the Company about it in writing.
(c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the
expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured.
(d) The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and
described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount.
(e) The Company shall not be liable for the content of the Transaction Identification Data, if any.
(f) In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B,
Part I—Requirements have been met to the satisfaction of the Company.
(g) In any event, the Company’s liability is limited by the terms and provisions of the Policy.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 3 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT
(a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.
(b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment.
(c) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with
respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and
proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment.
(d) The deletion or modification of any Schedule B, Part II—Exception does not constitute an agreement or obligation to provide
coverage beyond the terms and provisions of this Commitment or the Policy.
(e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the
Company.
(f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be
under the Policy.
7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT
The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The
issuing agent is not the Company’s agent for the purpose of providing closing or settlement services.
8. PRO-FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company
may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed
Insured, nor is it a commitment to insure.
9. ARBITRATION
The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be
arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured
may review a copy of the arbitration rules at http://www.alta.org/arbitration.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 4 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
Schedule A
ALTA Commitment for Title Insurance
ISSUED BY
First American Title Insurance Company
File No: NCS-943531-WA1
Transaction Identification Data for reference only:
Issuing Agent: First American Title Insurance Company National
Commercial Services Issuing Office: 920 Fifth Avenue, Suite 1200, Seattle,
WA 98104
Issuing Office's ALTA® Registry ID: Reference No.: 33005 15th Avenue South Devco /A&R
llp
Commitment No.: NCS-943531-WA1 Issuing Office File No.: NCS-943531-WA1
Property Address: APN: 172104-9035 and, 172104-9059, Federal
Way, WA Escrow Officer Name: Laura Lau
Revision No.: Escrow Officer Number: (206)615-3017
Escrow Officer Email: llau@firstam.com
Escrow Assistant Name: Moniqueje Schmitt-Johnson
Escrow Assistant Number: (206)615-3141
Escrow Assistant Email: mschmitt-Johnson@firstam.com
Title Officer Name: Lavonne Bowman
Title Officer Number: (206)615-3269
Title Officer Email: lavbowman@firstam.com
SCHEDULE A
1. Commitment Date: January 15, 2019 at 8:00 AM
2. Policy to be Issued:
Amount Premium Tax
(a) ☒ 2006 ALTA® Standard Owner's Policy $750,000.00 $To Be
Determined
$To Be
Determined
Proposed Insured: Vesta Equities, Inc., a Washington
corporation and/or assigns
(b) ☐ ALTA® Policy $ $ $
Proposed Insured:
(c) ☐ ALTA® Policy $
Proposed Insured:
3. The estate or interest in the Land described or referred to in this Commitment is Fee as to Parcels A
and B, Easement as to Parcels A1 and B1
4. The Title is, at the Commitment Date, vested in:
Sang Dae Ahn and Soon Ja Ahn, husband and wife
5. The Land is described as follows:
See Exhibit "A" attached hereto and made a part hereof
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 5 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
Schedule BI & BII
ALTA Commitment for Title Insurance
ISSUED BY
First American Title Insurance Company
File No: NCS-943531-WA1
SCHEDULE B, PART I
Requirements
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in
this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The
Company may then make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured,
or both, must be properly authorized, executed, delivered, and recorded in the Public Records.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 6 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
Schedule BI & BII (Cont.)
ALTA Commitment for Title Insurance
ISSUED BY
First American Title Insurance Company
File No: NCS-943531-WA1
SCHEDULE B, PART II
Exceptions
THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION
CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE
SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW
BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP,
FAMILIAL STATUS, OR NATIONAL ORIGIN.
The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the
satisfaction of the Company:
1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the
Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on
which all of the Schedule B, Part I-Requirements are met.
2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority
that levies taxes or assessments on real property or by the Public Records.
3. Any facts, rights, interests, or claims which are not shown by the Public Records but which could be
ascertained by an inspection of the Land or by making inquiry of persons in possession thereof.
4. Easements, claims of easement or encumbrances which are not shown by the Public Records.
5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which
a correct survey would disclose, and which are not shown by the Public Records.
6. (A) Unpatented mining claims; (B) Reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (C) Water rights, claims or title to water; whether or not the matters excepted
under (A), (B) or (C) are shown by the Public Records; (D) Indian Tribal Codes or Regulations, Indian
Treaty or Aboriginal Rights, including easements or equitable servitudes.
7. Any lien, or right to a lien, for services, labor or materials or medical assistance heretofore or
hereafter furnished, imposed by law and not shown by the Public Records.
8. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs
for sewer, water, garbage or electricity.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 7 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
SCHEDULE B - SECTION 2
(continued)
SPECIAL EXCEPTIONS
9. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As
of the date herein, the excise tax rate for the City of Federal Way is at 1.78%.
Levy/Area Code: 1205
For all transactions recorded on or after July 1, 2005:
• A fee of $10.00 will be charged on all exempt transactions;
• A fee of $5.00 will be charged on all taxable transactions in addition to the excise tax
due.
10. General Taxes for the year 2019, in an amount not yet available, which cannot be paid until February
15, 2019. Tax Account No.: 172104-9059-03
Note: Taxes and charges for 2018 were paid in full in the amount of $3,798.26.
(Affects Parcel A)
11. General Taxes for the year 2019, in an amount not yet available, which cannot be paid until February
15, 2019. Tax Account No.: 172104-9035-02
Note: Taxes and charges for 2018 were paid in full in the amount of $2,203.96.
(Affects Parcel B)
12. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW
35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to
the King County Sewer Service area on or after February 1, 1990.
Note: Properties located in Snohomish County and Pierce County may be subject to the King County
Sewage Treatment Capacity Charges. To verify charges contact: (206) 296-1450 or
CapChargeEscrow@kingcounty.gov.
13. Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer
charges for water or sewer facilities of King County Water District No. 124 as disclosed by instrument
recorded June 01, 1981 as recording no. 8106010916.
14. Easement, including terms and provisions contained therein:
Recording Date: March 22, 1956
Recording Information: 4675062
In Favor of: Owners of record of said premises and adjoining property
For: Roadway and utilities
Affects: as described therein.
15. Easement, including terms and provisions contained therein:
Recording Date: Undisclosed
Recording Information: 4908583
In Favor of: Puget Sound Energy, Inc., a Washington corporation
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 8 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
For: Electric and/or gas transmission and/or distribution system
Affects: as described therein.
16. Right to make necessary slopes for cuts or fills upon said premises for Road as granted by deed
recorded February 17, 1965 under recording no. 5845368.
17. Right to make necessary slopes for cuts or fills upon said premises for Road as granted by deed
recorded February 17, 1965 under recording no. 5845369.
18. Easement, including terms and provisions contained therein:
Recording Information: March 16, 1971 as Recording No. 7103160369
For: Sewer
Affects: as described therein
19. Easement, including terms and provisions contained therein:
Recording Date: May 04, 1971
Recording Information: 7105040403
In Favor of: Washington Natural Gas Company
For: Pipelines
Affects: as described therein.
20. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 23, 1977 as Recording No. 7706239003 of surveys,
in King County, Washington.
21. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded November 08, 1977 as Recording No. 7711089008 of surveys,
in King County, Washington.
22. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded March 17, 1986 as Recording No. 8603179015 of surveys,
in King County, Washington.
23. The terms and provisions contained in the document entitled "Sewage Holding Tank Agreement"
recorded June 24, 1986 as Recording No. 8606240830 of Official Records.
24. The terms and provisions contained in the document entitled "On-Site Sewage Agreement"
recorded August 25, 1986 as Recording No. 8608250871 of Official Records.
25. Easement, including terms and provisions contained therein:
Recording Information: June 19, 1991 as Recording No. 9106199004
For: To construct, improve, repair and maintain a permanent
easement for roadway purposes for ingress and egress including
but not limited to commercial purposes, and for utilities,
including but not limited to electrical, water, sewer and
telephone
Affects: as described therein
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 9 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
26. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 19, 1991 as Recording No. 9106199004 of surveys,
in King County, Washington.
27. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Sang Dae Ahn and Soon Ja Ahn, husband and wife
Grantee/Beneficiary: Pacific International Bank
Trustee: Chicago Title Insurance Company
Amount: $200,000.00
Recorded: July 18, 2008
Recording Information: 20080718001343
Document states that it is for Cross-Default/Cross-Collateralization.
The above deed of trust states that it secures a line of credit. Before the close of escrow, we require
evidence satisfactory to us that (a) all checks, credit cards or other means of drawing upon the line
of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit
since the last transaction reflected in the lender's payoff demand, and (c) the borrower has in writing
instructed the beneficiary to terminate the line of credit using such forms and following such
procedures as may be required by the beneficiary.
28. Deed of Trust and the terms and conditions thereof.
Grantor/Trustor: Sang Dae Ahn and Soon Ja Ahn, husband and wife
Grantee/Beneficiary: Pacific International Bank
Trustee: Chicago Title Insurance Company
Amount: $180,000.00
Recorded: July 21, 2009
Recording Information: 20090721001711
The above deed of trust states that it secures a line of credit. Before the close of escrow, we require
evidence satisfactory to us that (a) all checks, credit cards or other means of drawing upon the line
of credit have been surrendered to escrow, (b) the borrower has not drawn upon the line of credit
since the last transaction reflected in the lender's payoff demand, and (c) the borrower has in writing
instructed the beneficiary to terminate the line of credit using such forms and following such
procedures as may be required by the beneficiary.
29. Conditions, notes, easements, provisions and/or encroachments contained and/or delineated on the
face of the Survey , recorded June 04, 2018 as Recording No. 20180604900005 of surveys,
in King County, Washington.
Said document contains an erroneous legal description.
30. Evidence of the authority of the officers of Vesta Equities, Inc., a Washington corporation, to execute
the forthcoming instrument, copies of the current Articles of Incorporation, By-Laws and certified
copies of appropriate resolutions should be submitted prior to closing.
31. Title is also to vest in persons shown as "and/or assigns" on the application for title insurance, whose
identity has not been revealed and when so vested will then be subject to matters which may be
disclosed by a search of the records against their names.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 10 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
32. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and
rights of tenants, and secured parties to remove trade fixtures at the expiration of the term.
33. Prior to issuance of an extended coverage policy, the Company will require an Owner's Affidavit be
completed and submitted to the Company for approval prior to closing. The Company reserves the
right to make any additional requirement as warranted.
File Number: NCS-943531-WA1
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 11 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
File Number: NCS-943531-WA1
INFORMATION NOTES
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the Public
Records on or after February 8, 2011, encumbers the Title except as follows: None
A. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to
standardization of recorded documents, the following format and content requirements must be met.
Failure to comply may result in rejection of the document by the recorder.
B. Any sketch attached hereto is done so as a courtesy only and is not part of any Title Commitment or
Policy. It is furnished solely for the purpose of assisting in locating the Land and First American
expressly disclaims any liability which may result from reliance made upon it.
C. The description can be abbreviated as suggested below if necessary to meet standard requirements.
The full text of the description must appear in the document (s) to be insured.
Ptn Sec 17 Twp 21N Rge 4E, NE Qtr SE Qtr
APN: 172104-9059-03
APN: 172104-9035-02
D. According to the application for title insurance, title is to vest in Vesta Equities, Inc., a Washington
corporation.
Examination of the records discloses no matters pending against said party(ies).
E. A fee will be charged upon the cancellation of this Commitment pursuant to the Washington State
Insurance Code and the filed Rate Schedule of the Company.
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not
valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part
II-Exceptions.
Copyright 2006-2016 American Land Title Association. All rights reserved.
The use of this Form (or any derivative thereof) 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.
Form 50003700 (8-23-18) Page 12 of 12 ALTA Commitment for Title Insurance (8-1-16)
Washington
Exhibit A
ISSUED BY
First American Title Insurance Company
File No: NCS-943531-WA1
The Land referred to herein below is situated in the County of King, State of Washington, and is described as follows:
PARCEL A:
THE WEST 135 FEET OF THE EAST 495 FEET OF THE SOUTH 300 FEET OF THE SOUTH HALF OF THE NORTHEAST
QUARTER OF THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 21 NORTH, RANGE 4 EAST, W.M., IN KING
COUNTY, WASHINGTON;
EXCEPT THE SOUTH 130 FEET THEREOF.
PARCEL A1:
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AS GRANTED BY INSTRUMENT RECORDED UNDER
RECORDING NO. 4675062 AND RECORDED MAY 13, 1991 UNDER RECORDING NO. 9105130860;
EXCEPT THAT PORTION OF SAID EASEMENT CONVEYED TO KING COUNTY FOR SOUTH 330TH STREET BY DOCUMENT
RECORDED APRIL 13, 1976 UNDER RECORDING NO. 7604130268.
PARCEL B:
THE EAST 135 FEET OF THE WEST 165 FEET OF THE NORTH 100 FEET OF THE SOUTH 330 FEET OF THE EAST HALF OF
THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 21 NORTH, RANGE 4 EAST,
W.M., IN KING COUNTY, WASHINGTON;
TOGETHER WITH THE NORTH 30 FEET OF THE SOUTH 330 FEET OF THE EAST 135 FEET OF THE WEST 300 FEET OF
SAID EAST HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 21 NORTH,
RANGE 4 EAST, W.M., IN KING COUNTY, WASHINGTON;
PARCEL B1:
A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS AS GRANTED BY INSTRUMENT RECORDED UNDER
RECORDING NO. 4675062 AND RECORDED MAY 13, 1991 UNDER RECORDING NO. 9105130860;
EXCEPT THAT PORTION OF SAID EASEMENT CONVEYED TO KING COUNTY FOR SOUTH 330TH STREET BY DOCUMENT
RECORDED APRIL 13, 1976 UNDER RECORDING NO. 7604130268.
