004 Title ReportSUBDIVISION
Guarantee/Certificate Number:
Issued By:‘0105928-16CHICAGOTITLEINSURANCECOMPANY
CHICAGO TITLE INSURANCE COMPANY
a corporation,herein called the Company
GUARANTEES
Federal Way Campus,LLC,a Delaware limited liability company
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 Insurance Company
By:
Chicago Title Company of Washington ’701 5th Avenue,Suite 2700 Maw.ASeattle,WA 98104
President
Countersigned By:Attest:
w,»I f ,-l,~7424.012 27.4;A
Authorized Officer or Agent Secretary
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
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:CTISeattleBuiIderUnit@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $35.35
Effective Date:August 8,2017 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:
Federal Way Campus,LLC,a Delaware 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
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EXHIBIT "A"
Legal Description
THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 21,TOWNSHIP 21 NORTH,RANGE 4 EAST,W.M.,
CITY OF FEDERAL WAY,KING COUNTY,WASHINGTON,BEING MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
COMMENCING AT THE EAST QUARTER CORNER OF SAID SECTION 21;
THENCE ALONG THE EAST LINE OF SAID SECTION 21,N 01°14'09"E,1583.36 FEET;
THENCE N 88°45'51"W,37.80 FEET TO THE WESTERLY MARGIN OF WEYERHAEUSER WAY SOUTH;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,N 88°45'51"W,42.20 FEET;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,S 01°14'09II W,200.00 FEET;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,S 04°05'54'l W,258.19 FEET TO THE TRUE POINT OF
BEGINNING;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,S 04°05'54"W,342.56 FEET;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,S 30°51'46"W,241.04 FEET;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,S 36°06'45"W,522.01 FEET;
THENCE CONTINUING ALONG SAID WESTERLY MARGIN,8 43°43'14"W,157.63 FEET;
THENCE N 88°22'17"W,325.13 FEET;
THENCE N 35°26'02"W,22.04 FEET;
THENCE N 02°01'41"E,245.08 FEET;
THENCE N 73°00'16"W,23.40 FEET TO A POINT OF CURVATURE;
THENCE NORTHERLY 92.91 FEET ALONG THE ARC OF A NON-TANGENT CURVE TO THE LEFT,HAVING A
RADIUS OF 327.00 FEET,THE RADIUS POINT OF WHICH BEARS N 73°00'16"W,THROUGH A CENTRAL ANGLE
OF 16°16'47"TO A POINT OF TANGENCY;
THENCE N 00°42'57"E,89.75 FEET TO A POINT OF CURVATURE;
THENCE NORTHERLY 327.94 FEET ALONG THE ARC OF A TANGENT CURVE TO THE RIGHT,HAVING A RADIUS
OF 965.00 FEET,THROUGH A CENTRAL ANGLE OF 19°28'15"TO A POINT OF TANGENCY;
THENCE N 20°11'12"E,235.03 FEET TO A POINT OF CURVATURE;
THENCE NORTHERLY 108.58 FEET ALONG THE ARC OF A TANGENT CURVE TO THE LEFT,HAVING A RADIUS
OF 985.00 FEET,THROUGH A CENTRAL ANGLE OF 06°18'58";
THENCE S 88°19'36"E,729.07 FEET TO THE TRUE POINT OF BEGINNING.
(ALSO KNOW AS LOT 7,CITY OF FEDERAL WAY BOUNDARY LINE ADJUSMENT NO.17-100484—SU,RECORDED
UNDER RECORDING NO.)
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
SCHEDULE B
GENERAL EXCEPTIONS
H.Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
SCHEDULE B
(continued)
SPECIAL EXCEPTIONS
1.Notice of additional water or sewer facility tap or connection charge,filed by Federal Way Water and Sewer
District under recording number 8905120210.
2.Easement rights and maintenance agreements,if any,for utilities which may have been granted in vacated streets
and alleys prior to the vacations.
3.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Purpose:Frontage road
Recording Date:October 24,1956
Recording No.:4742322
4.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:Pacific Northwest Bell Telephone Company
Purpose:Pole line
Recording Date:December 19,1963
Recording No.:5678223
5.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:Puget Sound Power &Light Co.
Purpose:Underground electric transmission and/or distribution system
Recording Date:March 6,1970
Recording No.:6627160
A 10-foot portion of said easement has been released under recording no.7706200697.
6.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:Pacific Northwest Bell Telephone Company
Purpose:Underground telephone system
Recording Date:April 9,1970
Recording No.:6638453
7.Relinquishment of access to State Highway and of light,view and air by Deed:
Grantee:State of Washington
Recording Date:December 29,1970
Recording No.:6727551
8.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:King County Water District No.100
Purpose:Water mains
Recording Date:April 8,1971
Recording No.:7104080368
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
SCHEDULE B
(continued)
9.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:Puget Sound Power &Light Company
Purpose:Electric transmission and/or distribution system
Recording Date:August 27,1990
Recording No.:9008270633
10.Terms and conditions of Federal Way Ordinance No.94-219 recorded under recording no.9410260933.
Said ordinance was modified by instrument recorded under recording no.20030513002214.
11.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:US.West Communications
Purpose:Communication conductors
Recording Date:November 8,1999
Recording No.:19991108000756
12.Easement(s)for the purpose(s)shown below and rights incidental thereto,as granted in a document:
Granted to:Lakehaven Utility District
Purpose:Sewer facilities
Recording Date:December 14,2000
Recording No.:20001214000760
Said easement contains a recital that it supersedes and replaces easements recorded under recording nos.
7104050459 and 9504240822.
13.Latecomer Agreement and the terms and conditons thereof:
Executed by:The Quadrant Corp.
And:Lakehaven Utility District
Recording Date:October 21,2004
Recording No.:20041021000099
14.Agreement Regarding Water &Sanitary Sewer Facilities
Executed by:Federal Way Campus,LLC
And:Lakehaven Utility District
Recording Date:August 4,2016
Recording No.:20160804000307
15.Covenants,conditions,restrictions,recitals,reservations,easements,easement provisions,dedications,building
setback lines,notes,statements,and other matters,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
Federal Way Boundary Line Adjustment No.16-102886-00-SU:
Recording No:20170210900007
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
SCHEDULE B
(continued)
16.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.:614260-0005-08
Levy Code:1205
Assessed Value-Land:$2,478,300.00
Assessed Value-Improvements:$0.00
General and Special Taxes:
Billed:$38,935.19
Paid:$19,467.60Unpaid:$19,467.59
Affects:Portion of said premises and other property
17.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.:614260-0200-01
Levy Code:1205
Assessed Value-Land:$5,064,500.00
Assessed Value-Improvements:$0.00
General and Special Taxes:
Billed:$70,662.22
Paid:$35,331.11Unpaid:$35,331.11
Affects:Remainder of said premises and other property
18.A Deed of Trust,Assignment of Rents,Security Agreement and Fixture Filing:
Amount:$25,000,000.00
Dated:February 9,2016
Trustor/Grantor:Federal Way Campus,LLC,A Delaware limited liability company
Trustee:First American Title Insurance Company,a Nebraska corporation
Beneficiary:CPIF Lending LLC,a Washington Limited Liability Company
Recording Date:February 9,2016
Recording No:20160209001434
Affects:Said premises and other property
19.A financing statement as follows:
Debtor:Federal Way Campus,LLC
Secured Party:CPIF Lending,LLC
Recording Date:February 9,2016
Recording No.:20160209001435
Affects:Said premises and other property
20.Survey matters as disclosed by recital in deed recorded under recording no.20160209001433.
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CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0105928-16
SCHEDULE B
(continued)
21.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.
22.Terms and conditions of the Limited Liability Company Agreement for the Limited Liability Company under which
title is vested.
END OF EXCEPTIONS
NOTES
The following matters will not be listed as Special Exceptions in Schedule B of the policy.There will be no coverage for
loss arising by reason of the matters listed below because these matters are either excepted or excluded from coverage or
are not matters covered under the insuring provisions of the policy.
Note A:Note:Any map furnished with this Gurantee 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 NOTES
END OF SCHEDULE B
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