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Updated Title Report recd 6-29-18.pdfSUBDIVISION Guarantee/Certificate Number: .. .................................................._... Issued By: CHICAGO TITLE INSURANCE COMPANY 500071927 ------------ CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company GUARANTEES Vector One, a Washington 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 t. 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 3002 Colby Ave., Suite 200 Everett, WA 98201 Countersigned By: Authorized Officer or Agent Chicago Title Insurance Company By: Attest: 0,1 Subdivision Guarantee/Certificate Printed: 05.30.18 @ 02:02 PM Page 1 WA-CT-FNRV-02150.624691-SPS-1-18-500071927 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500071927 .....__ ww ......e _�_ ..... ...................._ �_„ _.... ............. _ ISSUING _ ._ ........ OFFIC. Title Officer: Builder Unit Chicago Title Company of Washington 3002 Colby Ave., Suite 200 Everett, WA 98201 Fax: (866)827-8844 Main Phone: (425)259-8223 Ernall:: evebuilderaactt.com SCHEDULE A Liability am Premium � � Tax $1, 000.00....�m. _m..,. $3 � ee ...... 50.00 _ ....__ ...... _ ._. .. $33.95 -- m.�.� ... Effective Date: May 24, 2018 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: Vector One, 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 Printed: 05.30.18 @ 02:02 PM Page 2 WA-CT-FNRV-02150,624691-SPS-1-18-500071927 EXHIBIT "A" Legal Description For APN/Parcel ID(s): 270418-001-010-00 Parcel A: All of the North 221 feet of the Northwest Quarter of the Northwest Quarter of the Northeast Quarter of Section 18, Township 27 North, Range 4 East of the Willamette Meridian, in Snohomish County, Washington, lying West of the following described line: Beginning at a point on the North line of said Northwest Quarter of the Northwest Quarter of the Northeast quarter, South 89 ° 56' East 280 feet to the Northwest corner thereof; thence South 100 feet; thence South 20 ° West for 100 feet; thence South 14 ° 26'30" East to South line of North 221 feet of said subdivision; Except that portion lying within the Beverly Park Edmonds Road. Situate in the County of Snohomish, State of Washington. Parcel B: A non-exclusive easement for ingress and egress over a strip of land 20 feet in width, the centerline of which is described as follows: Beginning at a point on North line of said Northwest Quarter of the Northwest Quarter of the Northeast quarter, South 89°56' East 280 feet to the Northwest corner thereof; thence South 100 feet; thence South 20 ° West for 100 feet; thence South 14 ° 26'30" East to South line of North 221 feet of said subdivision; Except that portion thereof lying within the main tract. Situate in the County of Snohomish, State of Washington. Parcel C: A non-exclusive easement for ingress and egress over that portion of the Southwest Quarter of the Southwest Quarter of the Southeast Quarter of Section 7, Township 27 North, Range 4 East of the Willamette Meridian, in Snohomish County, Washington, described as follows: Commencing at the South quarter of said Section 7; thence North 88 ° 57'47" East along the South line of said Section 7, a distance of 278.27 feet to the true point of beginning; thence continuing North 88 ° 57'47" East, 20.10 feet; thence North 04 ° 46'23" East 48.78 feet to a point on the South right of way line of Olympic View Drive, being a point on a nontangent curve, at which point the radial center bears North 19 ° 50'26" West, distance 223.60 feet; thence Westerly, along said curve to the right, through a central angle of 50 ° 3119", an arc distance of 21.55 feet to a point from which the true point of beginning bears South 04 ° 46'23" West, 42.79 feet to the true point of beginning. Situate in the County of Snohomish, State of Washington. Subd' Gudivision .g............�-.. _..... rantee/Certificate ._.............. ....-...... -............................ _... w w,,,,, wwwwww ww �. 0 -m Printed: 05.30.18 CAD. 02:02 P Page 3 WA-CT-FNRV-02150.624691-SPS-1-18-500071927 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500071927 SCHEDULE B 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. Subdivision GuaranteelCertificate � � _..,.._ ......... .-- ------- Printed: 05.30.18 @ 02:02 PM Page 4 WA-CT-FNRV-02150.624691-SPS-1-18-500071927 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B (continued) SPECIAL EXCEPTIONS GUARANTEE/CERTIFICATE NO. 500071927 No search has been made as to property taxes and assessments. Property taxes and assessments will be searched upon request. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Public Utility District No. 1 of Snohomish County Purpose: Electric transmission and/or distribution line Recording Date: December 23, 1960 Recording No.: 1436538 Affects: Portion of Said premises as located or hereinafter relocated The exact location and extent of said easement is not disclosed of record. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Purpose: Ingress, egress and utilities Recording Date: May 21, 1963 Recording No.: 1614380 Affects: Easterly portion of Said premises and other property Said easement contains a provision for bearing a proportionate or equal cost of maintenance, repair or reconstruction of said easement by the common users. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Purpose: Engress, egress and utilities Recording Date: June 13, 1963 Recording No.: 1619753 Affects: Easterly portion of Said premises and other property Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: City of Edmonds Purpose: Sanitary and/or storm sewer line Recording Date: June 12, 1967 Recording No.: 1964556 Affects: Portions of Said premises Covenant to bear part or all of the cost of construction, repair or maintenance of easement granted over adjacent property: Purpose of Easement: ingress, egress and utilities Recording No.: 9101250053 Subdivision Guarantee/Certifcate .... �..._........ � _ . ... -...., ._... -...,.m.,...... Printed: 05.30,18 @ 02:02 PM Page 5 WA-CT-FNRV-02150.624691-SPS-1-18-500071927 CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500071927 SCHEDULE B (continued) The Company's liability for this report is limited to $1,000.00. This report is based on the company's property records, and no liability is assumed for items misindexed or not indexed in the public records, or for matters which would be disclosed by an inquiry of the parties in possession or by an accurate survey or inspection of the premises. This report and the legal description given here are based upon information supplied by the applicant as to the location and identification of the premises in question, and no liability is assumed for discrepancies resulting therefrom. This report does not represent either a commitment to insure title, an examination of, or opinion as to the sufficiency or effect of the matter shown, or an opinion as to the marketability of title to the subject premises. END OF SCHEDULE B ' o diwston Guxantee/CeAificate .... m.. ---- . Printed: 05.30.18 @ 02.02 PM Page 6 WA-CT-FNRV-02150.624691-SPS-1-18-500071927