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22-102123-UP-Title Report-05-09-2022SUBDIVISION Guarantee/Certificate Number: Issued By: 211065-TC Revision 2nd Guarantee Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 1 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Federal Way Public Schools 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 1142 Broadway, Suite 200 Tacoma, WA 98402 Chicago Title Insurance Company By: Countersigned By: Authorized Officer or Agent Michael J. Nolan, President Attest: Marjorie Nemzura, Secretary Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 2 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee ISSUING OFFICE: Title Officer: Rob Hainey Chicago Title Company of Washington 1142 Broadway, Suite 200 Tacoma, WA 98402 Phone: 253-278-0598 Fax: 866-671-3908 Main Phone: (253)671-6623 Email: Rob.Hainey@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $350.00 $35.70 Effective Date: April 29, 2022 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: Federal Way School District No. 210, a municipal corporation 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: 05.05.22 @ 08:00 PM Page 3 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC The Northeast quarter of the Northeast quarter of Section 8, Township 21 North, Range 4 East, W.M., in King County, Washington; EXCEPT County roads; TOGETHER WITH that portion of the Northwest quarter of the Northwest quarter of Section 9, Towhship 21 North, Range 4 East, W.M., in King County, Washington, lying Westerly of 16th Avenue South as now established, and also any portion thereof lying Westerly of new Pacific Highway South; TOGETHER WITH that portion of vacated 16th Avenue South as vacated under King County Ordinance No. 1938; EXCEPT those portions conveyed to the City of Federal Way by deeds recorded under recording no. 20071224000367, recording no. 20081216001287, recording no. 20190329000115 and recording no. 20190329000116. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee SCHEDULE B Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 4 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC 1.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed: In favor of: King County Recording Date: August 7, 1957 Recording No.: 4822182 2.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: King County Water District No. 124, a municipal corporation Purpose: Water mains with necessary appurtenances Recording Date: July 5, 1973 Recording No.: 7307050473 Affects: A portion of said premises as described in document 3.Agreement and the terms and conditions thereof: Between: King County Water District No. 124, a municipal corporation And: Federal Way School District No. 210 Recording Date: November 13, 1985 Recording No.: 8511130673 Regarding: Connection to a District water main Note: The lien created by paragraph 15 of said agreement was satisfied and released pursuant to Certificate of Completion and Release of Lien recorded under recording no. 8703100812. 4.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Federal Way Water & Sewer District, a municipal corporation Purpose: Water mains with necessary appurtenances Recording Date: March 10, 1987 Recording No.: 8703100815 Affects: Portions of said premises as described in document 5.Agreement and the terms and conditions thereof: Between: Federal Way Water and Sewer District, a municipal corporation And: Federal Way School District No. 210 Recording Date: June 19, 1989 Recording No.: 8906190127 Regarding: Construction of water mains and appurtenances to serve the property Note: The lien created by paragraph 21 of said agreement was satisfied and released pursuant to Certificate of Completion and Release of Lien recorded under recording no. 9311180356. 6.Declaration of Covenant Associated with Federal Way High School Facilities as provided in new Section 10 of Ordinance No. 4938, including the terms and provisions thereof: Recording Date: July 19, 1989 Recording No.: 8907190407 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 5 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC 7.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Federal Way Water and Sewer, a municipal corporation Purpose: Water facilities and all appurtenances related thereto Recording Date: October 18, 1990 Recording No.: 9010180755 Affects: Portions of said premises as described in document Modification(s) of said easement by amendment thereto: Recording Date: August 31, 1993 Recording No.: 9308310310 8.Any rights, interests, or claims which may exist or arise by reason of the following matters disclosed by survey: Recording Date: March 10, 1987 Recording No.: 8703109001 Matters shown: Fence locations do not conform to boundary lines. 9.The effect, if any of Interlocal Cooperative Agreement and the terms and conditions thereof: Between: City of Federal Way, a municipal corporation And: Federal Way School District No. 210, a municipal corporation Recording Date: August 12, 1994 Recording No.: 9408120499 Note: Said agreement does not contain a legal description. 10.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: U S West Communications, Inc., a Colorado corporation Purpose: Telecommunications facilities, electrical facilities and appurtenances Recording Date: December 22, 1999 Recording No.: 19991222000002 Affects: A portion of said premises as described in document Note: The location of said easement also is delineated on survey recorded under recording no. 20000324900005. 11.Any rights, interests, or claims which may exist or arise by reason of the following matters disclosed by survey: Recording Date: March 24, 2000 Recording No.: 20000324900005 Matters shown: Portion of concrete walk lies within a Southeasterly portion of said premises. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 6 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC 12.Intergovernmental Transfer Agreement including the terms and provisions thereof: Between: King County And: City of Federal Way Recording Date: January 3, 2003 Recording No.: 20030103002839 13.Right of Entry for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Federal Way, a municipal corporation Purpose: Construction of drainage, utilities, irrigation and property restoration Recording Date: December 24, 2007 Recording No.: 20071224000368 14.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Federal Way, a municipal corporation Purpose: Drainage Recording Date: December 24, 2007 Recording No.: 20071224000369 Affects: A portion of said premises as described and delineated in document 15.Right of Entry for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Federal Way, a municipal corporation Purpose: Construction of sidewalks and driveways, slope restoration, drainage, utiliies, irrigation and property restoration Recording Date: January 27, 2014 Recording No.: 20140127001373 16.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Energy, Inc., a Washington corporation Purpose: One or more utility systems for transmission, distribution and sale of electricity Recording Date: January 31, 2014 Recording No.: 20140131000339 Affects: A portion of said premises as described in document 17.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Energy, Inc., a Washington corporation Purpose: One or more utility systems for transmission, distribution and sale of electricity Recording Date: July 10, 2014 Recording No.: 20140710001087 Affects: Portions of said premises as described in document CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 7 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC 18.Agreement and the terms and conditions thereof: Between: Federal Way Public Schools And: Lakehaven Utility District, King County, a municipal corporation Recording Date: March 13, 2015 Recording No.: 20150313000111 Regarding: Consruction of water mains and appurtenances for delivery to and operation by the District 19.Covenants, conditions and restrictions 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, source of income, gender, gender identity, gender expression, medical condition or genetic information, 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 in the document entitled "Recording of Federal Interest" Executed by: Puget Sound Educational Service District Recording Date: April 8, 2015 Recording No.: 20150408000455 Note: We are unable to determine if said document was intended to encumber said premises. The tax parcel number is the same as the property described in this Guarantee but the legal description included in said agreement does not match the legal description of the property covered by this Guarantee. 20.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Energy, Inc., a Washington corporation Purpose: One or more utility systems for transmission, distribution and sale of gas Recording Date: June 11, 2015 Recording No.: 20150611000889 Affects: A portion of said premises as described in document 21.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Lakehaven Water & Sewer District, a municipal corporation Purpose: Water and/or sewer facilities and all appurtenances related thereto Recording Date: February 11, 2020 Recording No.: 20200211000193 Affects: Portions of said premises as described and delineated in document 22.Public and/or private easements, if any, in existence over, under, along and across that portion of said premises lying within vacated streets. 23.Notice of possible (present or future) tap or connection charges levied, or to be levied, as set forth below: Levied by: Federal Way Water and Sewer Recording Date: May 12, 1989 Recording No.: 8905120210 Note: Said notice supersedes that certain notice recorded under recording no. 8106010916. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.211065-TC REVISION 2nd Guarantee SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.05.22 @ 08:00 PM Page 8 WA-CT-FBCM-02150.620753-SPS-1-22-211065-TC 24.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: 2021 Tax Account No.: 082104-9001-03 Levy Code: 1205 Assessed Value-Land: $0.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $15,602.03 Paid: $15,602.02 Unpaid: $0.01 25.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: 2022 Tax Account No.: 082104-9001-03 Levy Code: 1205 Assessed Value-Land: $0.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $17,003.67 Paid: $16,993.74 Unpaid: $9.93 26.The property herein described is carried on the tax rolls as exempt. However, it will become taxable on the date of the execution of a conveyance to a taxable entity and subject to the lien of real property taxes for the balance of the year from that date: Tax Account No.: 082104-9001-03 Levy Code: 1205 Assessed Value-Land: $10,015,500.00 Assessed Value-Improvements: $47,952,200.00 27.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. Matters including but not limited to mortgages, deeds of trust, assignment of leases given as security, financing statements and other security interests affecting the rights of lessees only. END OF SCHEDULE B