Title Report_Crosby.pdf9,31INZ11,911 no,",
CHICAGO TITLE INSURANCE COMPANY, a Nebraska corporation ("Company"), for a valuable consideration, commits to
issue its policy or policies of title inauxance, as identified in Schedule A. in favor of the Proposed Insured named in
Schedule A. as owner or mortgagee of the estate or interest in the land described or referred to in Schedule A. upon
payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedules A
and Band tothe Conditions ofthis Commitment.
This Commitment shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies
committed for have been inserted in Schedule A by the Company.
All liability and obligation under this Commitment shall cease and terminate six (6) rnonths after the Effective Date or when
the policy or policies committed for shall iaeue, whichever first occurs, provided that the failure tn issue the policy or
policies is not the fault of the Company.
The Company will provide a sample of the policy form upon request.
This Commitment shall not be valid or binding until countersigned by a validating officer or authorized signatory.
|NWITNESS WHEREOF, CHICAGO TITLE INSURANCE COMPANY has caused its corporate name and seal to be
affixed by its duly authorized officers on the date shown in Schedule A.
Countersigned By:
Authorized Officer or Agent
Chicago Title Insurance Company
President
Secretary
Copyright American Land Title Association. All rights reserved. "°,"z,
The use mthis Form |orestricted to ALTA licensees and ALTA members ingood standing avmthe date muse. ,���
ISSUING OFFICE:
FOR SETTLEMENT INQUIRIES, CONTACT: '
Title Officer: Commercial Unit
Escrow Officer: Shelley Anderson
Chicago Title Company of Washington
Chicago Title of Washington
3002 Colby Ave., Suite 200
701 5th Ave, Suite 2300
Everett, WA 98201
Seattle, WA 98104
Main Phone: (425)259-8205
Main Phone: (206)628-5666
Email: Everett.CU@ctt.com
■
ORDER NO. 500005348
1. Effective Date: September 17, 2014 at 08:OOAM
2. Policy or (Policies) to be issued:
a. ALTA Extended Owner's Policy 2006
Proposed Insured: RJ Development, LLC, a Washington Limited Liability Company
Policy Amount: $771,000.00
Premium: $ 2,941.00
Tax: $ 270.57
Rate: Extended
Total: $ 3,211.57
3. The estate or interest in the land described or referred to in this Commitment is:
Fee Simple
4. Title to the estate or interest in the land is at the Effective Date vested in:
Richard A. Crosby and Pamela J. Crosby, husband and wife
5. The land referred to in this Commitment is described as follows:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
40,1DZ613 WMn1F 11I>A _1
Copyright American Land Title Association. All rights reserved.
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:07PM
WA -CT -FN RV -02150.624679-S PS -1-14-500005348
AMERICAN
LAND TITLE
ASSOCIATION
EXHIBIT "A"
Legal Description
Lots 1 and 2, Block 5, Seattle Heights, Division 4, according to the Plat thereof recorded in Volume 9 of
Plats, page 11, records of Snohomish County, Washington.
EXCEPT the east 1/3 and the west 1/3 thereof.
Situate in the County of Snohomish, State of Washington.
AMERICAN
Copyright American Land Title Association. All rights reserved. LAND TITLE
Asx,ci.ATI—
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:07PM
WA -CT -FN RV -02150.624 679-S PS -1-14-500005348
COMMITMENT NO. 500005348
CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT: No. 3
SCHEDULE
Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are
disposed of to the satisfaction of the Company:
GENERAL EXCEPTIONS
A. Rights or claims of parties in possession, or claiming possession, not shown by the Public Records.
B. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land.
C. Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the
Public Records.
D. Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers' compensation, or
for services, labor, or material heretofore or hereafter furnished, all as imposed by law, and not shown by the
Public Records.
E. Taxes or special assessments which are not yet payable or which are not shown as existing liens by the Public
Records.
F. Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for
sewer, water, electricity, natural gas or other utilities, or for garbage collection and disposal not shown by the
Public Records.
G. Unpatented mining claims, and all rights relating thereto.
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
I. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes.
J. Water rights, claims or title to water.
K. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the Public
Records, or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires
of record for value the estate or interest or mortgage thereon covered by this Commitment.
AMERICAN
Copyright American Land Title Association. All rights reserved. LAND TITLE
ASSOCIATION
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:11 PM
WA -CT -F N RV -02150.624679-S PS -1-14-500005348
SCHEDULE E
(continued)
SPECIAL EXCEPTIONS
Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Snohomish County
Purpose: 30" storm drainage line
Recording Date: September 3, 1969
Recording No.: 2111223
Affects: West 5.0 feet of the East 104.4 feet of the West 208.87 feet of Lots 1-2
2. Payment of the real estate excise tax, if required.
The Land is situated within the boundaries of the City of Edmonds.
Present rate of real estate excise tax as of the date herein is 1.78%.
Any conveyance document must be accompanied by the official Washington State Excise Tax Affidavit. The
applicable excise tax must be paid and the affidavit approved at the time of the recording of the conveyance
documents.
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:
Tax Account No.:
Levy Code:
Assessed Value -Land:
Assessed Value -Improvements:
General and Special Taxes
2014
005669-005-001-01
00217
$380,700.00
$0.00
Billed: $4,192.01
Paid: $2,096.00
Unpaid: $2,096.01
Terms and provisions set forth in those certain Boundary Agreements recorded under recording numbers
201404170451, 201404170452 and 201404170453, as related to the matters disclosed by the Record of Survey
recorded under recording number 201404105006.
Copyright American Land Title Association. All rights reserved.
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
AMERICAN
LAND TITLE
ASSOCIATION
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:11 PM
WA -CT -FN RV -02150.624679 -SP S-1-14-500005348
COMMITMENT • 600005348
CHICAGO TITLE COMPANY OF • , AMENDMENT: .
SCHEDULE E
(continued)
5. The Company will require the following documents for review prior to the issuance of any title assurance
predicated upon a conveyance or encumbrance from the entity named below.
Limited Liability Company: RJ Development, LLC, a Washington Limited Liability Company
a. A copy of its operating agreement, if any, and any and all amendments, supplements and/or
modifications thereto, certified by the appropriate manager or member.
b. If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendment thereto
with the appropriate filing stamps.
c. If the Limited Liability Company is member -managed a full and complete current list of members
certified by the appropriate manager or member.
d. If the Limited Liability Company was formed in a foreign jurisdiction, evidence, satisfactory to the
Company that it was validly formed, is in good standing and authorized to do business in the state of
origin.
e. If less than all members, or managers, as appropriate, will be executing the closing documents, furnish
evidence of the authority of those signing.
The Company reserves the right to add additional items or make further requirements after review of the
requested documentation.
To provide an extended coverage owner's policy, general exceptions A through D may be eliminated or limited
after an inspection of the Land and/or review of the survey, if required, is completed. General exceptions E
through J will remain in the owner's policy to be issued.
If the anticipated closing date is less than 4 weeks from the date of this commitment, please contact your title
officer immediately.
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: Your application for title insurance was placed by reference to only a street address or tax
identification number. Eased on our records, we believe that the legal description in this report
covers the parcel(s) of Land that you requested. If the legal description is incorrect, the
seller/borrower must notify the Company and/or the settlement company in order to prevent
errors and to be certain that the correct parcel(s) of Land will appear on any documents to be
recorded in connection with this transaction and on the policy of title insurance.
AMERICAN
Copyright American Land Title Association. All rights reserved. [AND ri'n_e
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:11 PM
WA -CT -F N RV -02150.624679-5 PS -1-14-500005348
CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT: No. 3
SCHEDULE
(continued)
Note B: Note: The Owner's Extended portion of the premium is $763.00 plus $70.20 tax.
Note C: Note: Any map furnished with this Commitment 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.
Note D: 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:
Portion Lots 1-2, Block 5, Seattle Heights, Division 4
Akilexel;&WMRI711>A�=?
AMERICAN
Copyright American Land Title Association. All rights reserved. E,wn i iTe
n,soclATION
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:11 PM
WA -CT -F N RV -02150.624679 -SPS -1-14-500005348
COMMITMENT • 500005348
COMPANYCHICAGO TITLE OF WASHINGTON AMENDMENT No. 3
1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument.
2. If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or
interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge
to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the
extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the
Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the
Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability
previously incurred pursuant to paragraph 3 of these Conditions.
3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of
Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply
with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage
thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed
for and such liability is subject to the insuring provisions and Conditions and the Exclusions from Coverage of the form of policy or policies
committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as
expressly modified herein.
4. This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any
action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to
the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this
Commitment.
5. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be
arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules
at http://www.alta.orp.
ilm • o e . i
AMERK AN
Copyright American Land Title Association. All rights reserved. LANii riTLE
A,suclnTION
The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use.
All other uses are prohibited. Reprinted under license from the American Land Title Association.
ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 04:11 PM
WA -CT -FN RV -02150.624679-S PS -1-14-500005348