21-104105-Title Report-10-06-2021-V1Chic ago T it le
701 5t h Avenue, Suit e 2700
Seat t le, WA 98104
Commi tmen t for Ti tl e In su ran ce
T it le Offic er: Seat t le Builder / Unit 16
Email: CT ISeat t leBuilderUnit @c t t .c om
T it le No.: 0221802-16
Propert y Address: F ederal Way, WA 98023 END OF
In trodu ci n g Li veLOOK
LiveLOOK t it le doc ument delivery syst em is designed t o provide 24/7 real-t ime ac c ess
t o all informat ion relat ed t o a t it le insuranc e t ransac t ion.
Ac c ess t it le report s, exc ept ion doc ument s, an easy-t o-use summary page, and more,
at your fingert ips and your c onvenienc e.
T o vi e w yo u r n e w C h i ca g o T i t l e L i ve L O O K re p o rt , C l i ck H e re
Effortless, Efficient, Compliant, and Accessible
SUBDIVISION
Guarantee/Certificate Number:
Issued By:
0221802-16
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 1 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
Prospect Development, LLC, their successors and/or assigns
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:
Kathleen J Hall
Authorized Officer or Agent
Randy Quirk, President
Attest:
Marjorie Nemzura, Secretary
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 2 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
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: CTISeattleBuilderUnit@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $35.88
Effective Date: September 17, 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:
The State of Washington, as to parcel A
William C. Fortman and Katherine G. Fortman, as Trustees under the terms of the Declaration of Trust referred to in
Quit Claim Deed recorded under recording number 9103191315, as to parcel B
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: 09.22.21 @ 12:42 PM
Page 3 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
For APN/Parcel ID(s):242103-9008-07 and 242103-9051-03
PARCEL A: (242103-9008-07)
THAT PORTION OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 24, TOWNSHIP 21
NORTH, RANGE 3 EAST, WILLAMETTE MERIDIAN, IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHEAST CORNER OF SAID SOUTHEAST QUARTER OF THE NORTHEAST QUARTER;
THENCE NORTH ALONG THE EAST LINE THEREOF 493.30 FEET;
THENCE SOUTH 89°14'58" WEST 1,326.88 FEET TO A POINT ON THE WEST LINE OF SAID SOUTHEAST
QUARTER OF THE NORTHEAST QUARTER DISTANT NORTH 0°16'04" WEST 493.20 FEET FROM THE
SOUTHWEST CORNER OF SAID SOUTHEAST QUARTER OF THE NORTHEAST QUARTER;
THENCE SOUTH ALONG SAID WEST LINE TO THE SOUTHWEST CORNER OF SAID SOUTHEAST QUARTER OF
THE NORTHEAST QUARTER;
THENCE EAST TO THE POINT OF BEGINNING;
TOGETHER WITH THAT PORTION OF THE SOUTH HALF OF THE NORTH HALF OF THE SOUTH HALF OF SAID
SOUTHEAST QUARTER OF THE NORTHEAST QUARTER, IF ANY, LYING NORTHERLY OF THAT CERTAIN
BOUNDARY LINE DESCRIBED IN BOUNDARY LINE AGREEMENTS RECORDED UNDER RECORDING NUMBERS
8906131267 AND 8908310037, AND LYING EASTERLY OF THE EAST LINE OF THAT CERTAIN TRACT CONVEYED
TO YEN, CHEN & CHANG ASSOCIATES, A GENERAL PARTNERSHIP, BY INSTRUMENT RECORDED UNDER
RECORDING NUMBER 8906161483;
EXCEPT FROM SAID ABOVE DESCRIBED TRACTS THAT PORTION, IF ANY, INCLUDED IN THAT CERTAIN TRACT
CONVEYED TO WILLIAM C. FORTMAN AND KATHERINE G. FORTMAN, HUSBAND AND WIFE, BY INSTRUMENT
RECORDED UNDER RECORDING NUMBER 8311210497;
ALSO, EXCEPT THEREFROM THE WEST 30 FEET FOR ROAD.
PARCEL B: (242103-9051-03)
THAT PORTION OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 24, TOWNSHIP 21
NORTH, RANGE 3 EAST, W.M., IN KING COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF SAID SUBDIVISION;
THENCE SOUTH ALONG THE EAST LINE THEREOF A DISTANCE OF 412.00 FEET TO THE TRUE POINT OF
BEGINNING OF THE TRACT HEREIN DESCRIBED;
THENCE WEST PARALLEL WITH THE NORTH LINE OF SAID SUBDIVISON TO A POINT IN A LINE WHICH IS
1077.20 FEET EAST (MEASURED ALONG THE NORTH LINE OF SAID SUBDIVISION) AND PARALLEL WITH THE
WEST LINE OF SAID SUBDIVISION;
THENCE SOUTH ALONG SAID PARALLEL LINE A DISTANCE OF 412.00 FEET, MORE OR LESS, TO THE NORTH
LINE OF THE SOUTH HALF OF THE NORTH HALF OF THE SOUTH HALF OF SAID SUBDIVISION;
THENCE EAST ALONG SAID NORTH LINE TO THE EAST LINE OF SAID SOUTHEAST QUARTER OF THE
NORTHEAST QUARTER OF SAID SECTION 24;
THENCE NORTH ALONG SAID EAST LINE TO THE POINT OF BEGINNING.
SITUATE IN THE COUNTY OF KING, STATE OF WASHINGTON.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 4 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
GENERAL EXCEPTIONS:
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
SPECIAL EXCEPTIONS:
1.Road Maintenance Agreement, and the terms and conditions thereof:
Recording Date: September 24, 1964
Recording No.: 5790244
Affects: Parcel B
2.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 Survey:
Recording No: 8908039004
Affects: Parcel A & B
3.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 Survey:
Recording No: 9210099002
Affects: Parcel A & B
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 Survey:
Recording No: 20110106900012
Said survey is an amendment of survey recorded under recoridng number 20101221900004.
Affects: Parcel B
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 5 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
5.Terms and conditions of Judgment to Quiet Title:
Recording Date: March 3, 2011
Recording No.: 20110303001265
Affects: Parcel B
6.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Lakehaven Utility District
Purpose: Water and sewer facilities
Recording Date: November 6, 2015
Recording No.: 20151106001471
Affects: Portion of said premises
Affects: Parcel B
7.Notice of possible (present or future) tap or connection charges levied, or to be levied, as set forth below:
Levied by: Water District No. 124, King County, Washington
Recording Date: June 1, 1981
Recording No.: 8106010916
Affects: Parcel A & B
8.Declaration of Trust, and the terms and conditions thereof:
Trustors: William C. Fortman and Katherine G. Fortman, husband and wife
Trustees: Willam C. and Kthereine G. Fortman
Recording Date: March 19, 1991
Recording No.: 9103191316
Said Declaration of Trust also appears of record under instrument recorded under recording number 9903162065.
Said Declaration of Trust has been modified by amendment recorded under recording number 9507110434.
Said Declaration of Trust has been modified by amendment recorded under recording number 9605230579.
Affects: Parcel B
9.Latecomer Agreement, and the terms and conditions thereof:
Recording Date: April 14, 2009
Recording No.: 20090414000133
Affects: Parcel B
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 6 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
10.Boundary Line Agreement and the terms and conditions thereof:
Recording Date: June 13, 1989
Recording No.: 8906131267
Affects: Parcel A
11.Boundary Line Agreement and the terms and conditions thereof:
Recording Date: August 31, 1989
Recording No.: 8908310037
Affects: Parcel A
12.Agreement and the terms and conditions thereof:
Executed by: Federal Way Water and Sewer District, King County, a municipal corporation of the State of
Washington
Recording Date: April 19, 1990
Recording No.: 9004191405
Affects: Parcel A
13.Agreement and the terms and conditions thereof:
Executed by: Federal Way Water and Sewer District and Parklane Ventures, Inc
Recording Date: December 19, 1991
Recording No.: 9112190978
Regarding: Latecomer Agreement
Affects: Parcel A
14.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 Number: 242103-9008-07
Levy Code: 1205
Assessed Value-Land: $0.00
Assessed Value-Improvements: $0.00
General and Special Taxes: Billed: $162.38
Paid: $162.38
Unpaid: $0.00
Affects: Parcel A
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 7 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
15.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 Number: 242103-9051-03
Levy Code: 1205
Assessed Value-Land: $194,000.00
Assessed Value-Improvements: $109,000.00
General and Special Taxes: Billed: $3,702.44
Paid: $3,702.44
Unpaid: $0.00
Affects: Parcel B
16.A contract of sale by and between the parties named below
Dated: November 30, 1997
Vendor: William C. and Katherine G. Fortman
Vendee: Lawrence and Teresa E. Fortman, husband and wife
Recording Date: December 1, 1997
Recording No.: 9712010479
Excise Tax Receipt No.: E1580900
A Statutory Warranty Deed (Fulfillment) was recorded under recording number 20111102000598. The Grantors
and Grantees listed on said instrument differ from parties who executed said real estate contract.
Grantor: William C. Fortman and Katherine G. Fortman Trustees of the Declaration of Trust dated November 21,
1983
Grantees: Lawrence Fortman and Teresa Fortman Trustees for the Declaration of dated 27 September 2011
17.Right, title and interest of William C. Fortman and Katherine G. Fortman presumed from real estate contract
recorded under recording number 9712010479.
Said parties had previously conveyed their individual interest in said premises to themselves as Trustees under a
Declaration of Trust in Quit Claim Deed recorded under recording number 9106191315.
18.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.
Affects: Parcel A & B
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.
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO.0221802-16
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 09.22.21 @ 12:42 PM
Page 8 WA-CT-FNSE-02150.622481-SPS-1-21-0221802-16
Note A: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:
PTN. NE 1/4, SEC 24-21-3E, W.M.
Tax Account No.: 242103-9008-07 and 242103-9051-03
Note B:Note: The Public Records indicate that the address of the improvement located on said Land is as
follows:
Federal Way, WA 98023
END OF NOTES
END OF SCHEDULE B