21-101125-UP-Title Report-07-26-21-V2Chic ago T it le
Commi tmen t for Ti tl e In su ran ce
T it le Offic er: T eam Adam
Email: T eamAdam@c t t .c om
T it le No.: 212664-SC
Propert y Address:
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SUBDIVISION
Guarantee/Certificate Number:
Issued By:
212664-SC
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:16 PM
Page 1 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
Landmark Development Group Holdings LLC
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
701 5th Avenue, Suite 2700
Seattle, WA 98104
Chicago Title Insurance Company
By:
Countersigned By:
Authorized Officer or Agent
Randy Quirk, President
Attest:
Marjorie Nemzura, Secretary
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:16 PM
Page 2 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.212664-SC
ISSUING OFFICE:
Title Officer: Team Adam
Chicago Title Company of Washington
701 5th Avenue, Suite 2700
Seattle, WA 98104
Main Phone: (206)628-5610
Email: TeamAdam@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $35.88
Effective Date: July 2, 2021 at 12:00 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:
X Marks The Spot LLC, a Washington 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
EXHIBIT "A"
Legal Description
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:16 PM
Page 3 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
For APN/Parcel ID(s):912940-0010-07,912940-0020-05,912940-0030-03 and 912940-0040-01
Lots 1 through 4, City of Federal Way Binding Site Plan No. BSP 05-101081-00-SU, recorded under recording number
20100414000337, in King County, Washington;
Each together with an undivided interest in Tract A of said Binding Site Plan.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.212664-SC
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:16 PM
Page 4 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
GENERAL EXCEPTIONS
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
SPECIAL EXCEPTIONS
1.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: City of Federal Way
Purpose: Enter the property, access and to remove obstructions
Recording Date: February 8, 2002
Recording No.: 20020208002271
Affects: A portion of herein described premises
2.License to enter property granted to the City of Federal Way recorded under recording number 20020118001327.
3.Declaration of Covenant, including the terms and provisions thereof:
Recording Date: February 8, 2002
Recording No.: 20020208002270
4.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 Binding Site Plan No. BSP 05-101081-00-SU:
Recording No: 20100414000337
5.Agreement and the terms and conditions thereof:
Between: Lakehaven Water and Sewer District
And: X Marks The Spot LLC
Recording Date: June 8, 2021
Recording No.: 20210608000931
Regarding: Water and sanitary sewer mains and appurtenances
6.Terms and conditions of notice of charges by water, sewer, and/or storm and surface water utilities, recorded
under recording number 8106010916.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.212664-SC
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:17 PM
Page 5 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
7.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.: 912940-0010-07
Levy Code: 1205
Assessed Value-Land: $657,500.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $7,697.75
Paid: $3,848.88
Unpaid: $3,848.87
Affects: Lot 1
8.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.: 912940-0020-05
Levy Code: 1205
Assessed Value-Land: $544,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $6,369.94
Paid: $3,184.97
Unpaid: $3,184.97
Affects: Lot 2
9.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.: 912940-0030-03
Levy Code: 1205
Assessed Value-Land: $556,500.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $6,516.18
Paid: $3,258.09
Unpaid: $3,258.09
Affects: Lot 3
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.212664-SC
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 07.11.21 @ 01:17 PM
Page 6 WA-CT-FBCM-02150.622476-SPS-1-21-212664-SC
10.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.: 912940-0040-01
Levy Code: 1205
Assessed Value-Land: $1,280,600.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $14,987.91
Paid: $7,493.96
Unpaid: $7,493.95
Affects: Lot 4
11.The search did not disclose any open mortgages or deeds of trust of record, therefore the Company reserves the
right to require further evidence to confirm that the property is unencumbered, and further reserves the right to
make additional requirements or add additional items or exceptions upon receipt of the requested evidence.
12.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.
Note: FOR INFORMATIONAL PURPOSES ONLY:
The following may be used as an abbreviated legal description on the documents to be recorded, per Amended
RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal description within the
body of the document:
Lots 1-4 and Tract A, City of Federal Way Binding Site Plan BSP 05-101081-00 SU 20100414000337
Tax Account No.: 912940-0010-07, 912940-0020-05, 912940-0030-03 and 912940-0040-01
END OF SCHEDULE B