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21-101296-Title Report -05-12-2021-V1SUBDIVISION Guarantee/Certificate Number: Issued By: 203856-TC Revision 2nd Guarantee Subdivision Guarantee/Certificate Printed: 05.10.21 @ 01:28 PM Page 1 WA-CT-FBCM-02150.620753-SPS-1-21-203856-TC CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Federal Way Public School 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 Randy Quirk, President Attest: Marjorie Nemzura, Secretary Subdivision Guarantee/Certificate Printed: 05.10.21 @ 01:28 PM Page 2 WA-CT-FBCM-02150.620753-SPS-1-21-203856-TC CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.203856-TC REVISION 2nd Guarantee ISSUING OFFICE: Title Officer: Rob Hainey Chicago Title Company of Washington 1142 Broadway, Suite 200 Tacoma, WA 98402 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: May 5, 2021 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 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: 05.10.21 @ 01:28 PM Page 3 WA-CT-FBCM-02150.620753-SPS-1-21-203856-TC PARCEL A: The East 520 feet of the North half of the South half of the Southeast quarter of the Northwest quarter of Section 13, Township 21 North, Range 3 East of the W.M. Except the East 30 feet thereof conveyed to King County for 26th Avenue Southwest, by instrument recorded October 5, 1966 under Recording No. 6111206, records of King County, Washington. PARCEL B: The East 520 feet of the South half of the North half of the Southeast quarter of the Northwest quarter of Section 13, Township 21 North, Range 3 East of the W.M. Except the East 30 feet thereof conveyed to King County for 26th Avenue Southwest, by instrument recorded October 5, 1966 under Recording No. 6111206, records of King County, Washington. PARCEL C: The East 520 feet of the North half of the North half of the Southeast quarter of the Northwest quarter of Section 13, Township 21 North, Range 3 East of the W.M.; Except the North 150 feet thereof; Also except the East 30 feet thereof conveyed to King County for 26th Avenue Southwest, by instrument recorded October 5, 1966 under Recording No. 6111206, records of King County, Washington. CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.203856-TC REVISION 2nd Guarantee SCHEDULE B Subdivision Guarantee/Certificate Printed: 05.10.21 @ 01:28 PM Page 4 WA-CT-FBCM-02150.620753-SPS-1-21-203856-TC GENERAL EXCEPTIONS H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. SPECIAL EXCEPTIONS 1.Reservations and recitals contained in the Deed as set forth below: Grantor: Mountain Development Company Grantee: William Eastman & Co. Recording Date: January 11, 1954 Recording No.: 4410337 Said document provides for, among other things, the following: The seller hereby expressly saves, excepts and reserve out of the grant hereby made, unto itself, its successors and assigns forever, all ores and minerals of any nature whatsoever in or upon said land, including, but not limited to, coal, oil and gas; together with the right to enter upon said lands for the purpose of exploring the same, for such ores and minerals and for the purpose of drilling, opening, development and working mines and wells thereon and taking out and removing therefrom all such ores and minerals, and to occupy and make use of so much of the land, removing therefrom all such ores and minerals, and to occupy and make use of so much of the surface of said land as may be reasonably necessary for said purposes; provided that the buyer and the buyers' heirs, representative and successors shall be paid just and reasonable compensation for any injury or damage to the surface of said land, to the crops or to the improvements thereon caused by the exercise of any rights herein reserved; provided further that the exercise of such rights by the seller shall not be postponed or delayed pending reasonable efforts to agree upon or have determined such just and reasonable compensation. NOTE: No examination has been made to determine the present record owner of the above rights to determine which may affect the lands or rights so reserved. 2.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Puget Sound Power and Light Company Purpose: electric line, including all necessary poles, anchors, wires and fixtures and appurtenances Recording Date: May 5, 1965 Recording No.: 5875088 Affects: portion of said premises 3.Easement(s) for the purpose(s) shown below and rights incidental thereto as reserved in a document: Purpose: ingress and egress Recording Date: May 2, 1962 Recording No.: 5420861 Affects: portion of said premises CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.203856-TC REVISION 2nd Guarantee SCHEDULE B (continued) Subdivision Guarantee/Certificate Printed: 05.10.21 @ 01:28 PM Page 5 WA-CT-FBCM-02150.620753-SPS-1-21-203856-TC 4.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.: 132103-9008 Levy Code: 1205 Assessed Value-Land: $0.00 Assessed Value-Improvements: $0.00 General and Special Taxes: Billed: $10,275.84 Paid: $5,137.92 Unpaid: $5,137.92 5.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.: 132103-9008 Levy Code: 1205 Assessed Value-Land: 0.00 Assessed Value-Improvements: $0.00 6.Matters contained in that certain document: Entitled: Notice of Additional Tap or Connection Charges Recording Date: June 1, 1981 Recording No.: 8106010916 Reference is hereby made to said document for full particulars. 7.Please be advised that our search did not disclose any open Deeds of Trust of record. If you should have knowledge of any outstanding obligation, please contact the Title Department immediately for further review prior to closing. END OF SCHEDULE B