DNS RESUB1 BLD2022-1293+TITLE+2.17.2023_10.57.59_AM+3375785ALTA COMMITMENT FOR TITLE INSURANCE
Issued By agent:
CHICAGO TITLE
COMPANY OF WASHINGTON
R
NOTICE
Commitment Number:
500126842
Amendment 1
IMPORTANT - READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE
INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE
CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT.
THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION,
OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY
THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION,
ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY,
AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED.
THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED
IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT.
THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY
OTHER PERSON.
COMMITMENT TO ISSUE POLICY
Subject to the Notice; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and the Commitment Conditions,
Chicago Title Insurance Company, a Florida corporation (the "Company"), commits to issue the Policy according to the
terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A
for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar
amount as the Proposed Policy Amount and the name of the Proposed Insured.
If all of the Schedule B, Part I -Requirements have not been met within one hundred eighty (180) days after the
Commitment Date, this Commitment terminates and the Company's liability and obligation end.
Countersigned By:
Kristy Jeglum
Authorized Officer or Agent
Chicago Title Insurance Company
By:
Attest:
Randy Quirk, President
Marjorie Nemzura, Secretary
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 1 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
CHICAGO TITLE COMPANY OF WASHINGTON
Transaction Identification Data for reference only.
COMMITMENT NO. 500126842
AMENDMENT 1
ISSUING OFFICE:
FOR SETTLEMENT INQUIRIES, CONTACT (NOT TITLE ONLY):
Title Officer: Residential Unit
Escrow Officer: Nicky Balliet
Chicago Title Company of Washington
Chicago Title Company of Washington
3002 Colby Ave., Suite 200
4100 194th St. SW, #230
Everett, WA 98201
Lynnwood, WA 98036
Phone: (877)602-2190 Fax: (866)827-8844
Phone: 425-259-8987 Fax: 425-259-8244
Main Phone: (425)259-8214
Main Phone: (425)775-1840
Email: snotitle@ctt.com
Email: Nicky.Balliet@ctt.com
Order Number: 500126842
SCHEDULE A
1. Commitment Date: October 11, 2021 at 12:00 AM
2. Policy to be issued:
(a) ALTA Owner's Policy 2006
Proposed Insured: LRIV Inverstment Inc, a Washington Corporation
Proposed Policy Amount
Premium:
Tax:
Rate:
Discount(s):
Total:
(b) ALTA Loan Policy 2006
Proposed Insured:
Proposed Policy Amount
Premium:
Tax:
Rate:
Discount(s):
Total:
$860,000.00
Standard
Residential
$ 1,797.00
$ 188.69
$ 1,985.69
Lender with contractual obligations under a loan agreement with the vested owner
identified at Item 4 below or a purchaser
$10,500.00
$ 350.00
$ 36.75
Extended
Residential Purchase Loan
$ 386.75
3. The estate or interest in the Land described or referred to in this Commitment is:
FEE SIMPLE
4. The Title is, at the Commitment Date, vested in:
David Gerard Burger and Lisa Marie Burger, a married couple
5. The Land is described as follows:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
END OF SCHEDULE A
This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. AMER
LANII TITL1LC
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 2 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
EXHIBIT "A"
Legal Description
For APN/Parcel ID(s): 004346-000-047-05
THE NORTH 90 FEET OF THE EAST 135 FEET OF TRACT 47 IN EDMONDS SEA VIEW TRACTS, AS
PER PLAT RECORDED IN VOLUME 3 OF PLATS, PAGE 76, RECORDS OF SNOHOMISH COUNTY
AUDITOR;
TOGETHER WITH AN EASEMENT FOR INGRESS, EGRESS AND UTILITIES OVER, ACROSS AND
UNDER THE SOUTH 20 FEET OF THE NORTH 90 FEET OF TRACT 47;
EXCEPT THE EAST 135 FEET THEREOF;
SITUATE IN THE COUNTY OF SNOHOMISH, STATE OF WASHINGTON.
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is
not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements;
Schedule B, Part II -Exceptions; and a counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. AMER
LANII TITL1LC
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as - ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. T.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 3 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
SCHEDULE B, PART I
REQUIREMENTS
AMENDMENT 1
All of the following Requirements must be met:
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in this
Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then
make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must
be properly authorized, executed, delivered, and recorded in the Public Records.
5. Additional requirements and/or exceptions may be added as details of the transaction are disclosed to, or become
known by the Company.
If the Seller or Borrower intends to sign documents required to insure the transaction utilizing a remote online
notary, please notify the Company immediately as additional underwriting requirements will need to be satisfied.
The Proposed Policy Amount(s) must be increased to the full value of the estate or interest being insured, and any
additional premium must be paid at that time. An Owner's policy should reflect the purchase price or full value of
the Land. A Loan Policy should reflect the loan amount or value of the property as collateral. Proposed Policy
Amount(s) will be revised and premiums charged consistent therewith when the final amounts are approved.
For each policy to be issued as identified in Schedule A, Item 2, the Company shall not be liable under this
commitment until it receives a designation for a Proposed Insured, acceptable to the Company. As provided in
Commitment Condition 4, the company may amend this commitment to add, among other things, additional
exceptions or requirements after the designation of the Proposed Insured.
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 4 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
SCHEDULE B, PART I
REQUIREMENTS
(continued)
Payment of the real estate excise tax, if required.
The Land is situated within the boundaries of local taxing authority of the City of Edmonds.
AMENDMENT 1
The rate of real estate excise tax for properties which are not formally classified and specially valued as timberland
or agricultural land is:
State Portion: 1.10% on any portion of the sales price of $500,000 or less;
1.28% on any portion of the sales price above $500,000, up to $1,500,000;
2.75% on any portion of the sales price above $1,500,000, up to $3,000,000;
3.00% on any portion of the sales price above $3,000,000;
Local portion: 0.50% on the entire sales price.
An additional $5.00 State Technology Fee must be included in all excise tax payments.
If the transaction is exempt, an additional $5.00 Affidavit Processing Fee is required.
Any conveyance document must be accompanied by the official Washington State Excise Tax Affidavit, which can
be found online at https://dor.wa.gov/get-form-or-publication/forms-subject/real-estate-excise-tax. The applicable
excise tax must be paid and the affidavit approved at the time of the recording of the conveyance documents.
(NOTE: Real Estate Excise Tax Affidavits must be printed as legal size forms).
10. The Company will require the following documents for review prior to the issuance of any title insurance predicated
upon a conveyance or encumbrance by the corporation named below:
Name of Corporation: LRIV Investments Inc
a) A Copy of the corporation By-laws and Articles of Incorporation
b) An original or certified copy of a resolution authorizing the transaction contemplated herein
c) If the Articles and/or By-laws require approval by a `parent' organization, a copy of the Articles and By-laws
of the parent
d) A current dated certificate of good standing from the proper governmental authority of the state in which the
entity was created
The Company reserves the right to add additional items or make further requirements after review of the requested
documentation.
END OF REQUIREMENTS
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 5 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
AMENDMENT 1
SCHEDULE B, PART I
REQUIREMENTS
(continued)
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: Notice: Please be aware that due to the conflict between federal and state laws concerning the
cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any
transaction involving Land that is associated with these activities.
Note B: The application for title insurance was placed by reference to only a street address or tax identification
number. The proposed Insured must confirm that the legal description in this report covers the parcel(s)
of Land requested to be insured. If the legal description is incorrect, the proposed Insured must notify the
Company and/or the settlement company in order to prevent errors and to be certain that the legal
description for the intended parcel(s) of Land will appear on any documents to be recorded in connection
with this transaction and on the policy of title insurance.
Note C: 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 TRACT 47 IN EDMONDS SEA VIEW TRACTS, W.M, SNOHOMISH COUNTY, W.A.
Tax Account No.: 004346-000-047-05
Note D: Note: The Public Records indicate that the address of the improvement located on said Land is as
follows:
18909 94th Avenue West
Edmonds, WA 98020
Note E: The only conveyance(s) affecting said Land, which recorded within 36 months of the date of this report,
are as follows:
Recorded: October 31, 2019
Recording No: 201910310380
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 6 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT 1
SCHEDULE B, PART I
REQUIREMENTS
(continued)
Note F: Note: The Company is willing to issue an Extended Coverage Lenders Policy. General Exceptions A
through K, inclusive, are hereby deleted.
ALTA 22-06, ALTA 8.1 and ALTA 9-06 Endorsements will issue with the forthcoming lenders policy.
Note G: This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining
streets, natural boundaries and other land. Except to the extent of a policy of title insurance is expressly
modified by endorsement, if any, the Company does not insure dimensions, distances or acreage shown
thereon.
Note H: The policy requested in the application for insurance is ALTA Homeowner's Policy of Title Insurance for a
One -to -Four Family Residence. Said policy is not available for this property. The ALTA Owner's Policy
as identified in Schedule A hereof will be issued. Contact your title officer with any questions.
END OF NOTES
END OF SCHEDULE B, PART I
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 7 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
SCHEDULE B, PART II
EXCEPTIONS
AMENDMENT 1
THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION
CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC
COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE,
COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR
NATIONAL ORIGIN.
The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement
identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company:
GENERAL EXCEPTIONS:
A. Rights or claims of parties in possession, or claiming possession, not shown in 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 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.
This page is only a part of a 2016 ALTA@ Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 8 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
SCHEDULE B, PART II
EXCEPTIONS
(continued)
G. Unpatented mining claims, and all rights relating thereto.
AMENDMENT 1
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. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the Public
Records, or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the
Schedule B, Part I - Requirements are met.
SPECIAL EXCEPTIONS:
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 the Plat of
Edmonds Sea View Tracts:
Recording No: 106003
2. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian treaty or
aboriginal rights.
This page is only a part of a 2016 ALTA@ Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 9 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON
SCHEDULE B, PART II
EXCEPTIONS
(continued)
AMENDMENT 1
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: 004346-000-047-05
Levy Code: 00210
Assessed Value -Land: $468,400.00
Assessed Value -Improvements: $118,600.00
General and Special Taxes: Billed: $4,859.70
Paid: $2,429.85
Unpaid: $2,429.85
4. City, county or local improvement district assessments, if any.
A deed of trust to secure an indebtedness in the amount shown below,
Amount:
$520,800.00
Dated:
October 25, 2019
Trustor/Grantor:
David Gerard Burger and Lisa Marie Burger, a married Couple
Trustee:
Fidelity National Title Company of Washington
Beneficiary:
Mortgage Electronic Registration Systems, Inc., solely as nominee for Guild Mortgage
Company, a California Corporation
Loan No:
861-1020702
Recording Date:
October 31, 2019
Recording No.:
201910310381
Title is derived by Statutory Warranty Deed recorded October 31, 2019, under Recording No. 201910310380. Said
Deed contains an erroneous legal description and should be corrected and re -recorded
END OF SCHEDULE B, PART II
This page is only a part of a 2016 ALTA@ Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 10 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT 1
COMMITMENT CONDITIONS
1. DEFINITIONS
(a) "Knowledge" or "Known": Actual or imputed knowledge, but not constructive notice imparted by the Public Records.
(b) "Land": The land described in Schedule A and affixed improvements that by law constitute real property. The term "Land" does not include
any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads,
avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be
insured by the Policy.
(c) "Mortgage": A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law.
(d) "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company
pursuant to this Commitment.
(e) "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment.
(f) "Proposed Policy Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant
to this Commitment.
(g) "Public Records": Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of
matters relating to real property to purchasers for value and without Knowledge.
(h) "Title": The estate or interest described in Schedule A.
2. If all of the Schedule B, Part I -Requirements have not been met within the time period specified in the Commitment to Issue Policy, this
Commitment terminates and the Company's liability and obligation end.
3. The Company's liability and obligation is limited by and this Commitment is not valid without:
(a) the Notice;
(b) the Commitment to Issue Policy;
(c) the Commitment Conditions;
(d) Schedule A;
(e) Schedule B, Part I -Requirements;
(f) Schedule B, Part II -Exceptions; and
(g) a counter -signature by the Company or its issuing agent that may be in electronic form.
4. COMPANY'S RIGHT TO AMEND
The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse
claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment
Condition 5. The Company shall not be liable for any other amendment to this Commitment.
5. LIMITATIONS OF LIABILITY
(a) The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between
the Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the
Proposed Insured's good faith reliance to:
(i) comply with the Schedule B, Part I -Requirements;
(ii) eliminate, with the Company's written consent, any Schedule B, Part II -Exceptions; or
(iii) acquire the Title or create the Mortgage covered by this Commitment.
(b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of
the matter and did not notify the Company about it in writing.
(c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the
Commitment included the added matter when the Commitment was first delivered to the Proposed Insured.
(d) The Company's liability shall not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in
Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount.
(e) The Company shall not be liable for the content of the Transaction Identification Data, if any.
(f) In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B,
Part I -Requirements have been met to the satisfaction of the Company.
(g) In any event, the Company's liability is limited by the terms and provisions of the Policy.
6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT
(a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment.
(b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment.
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. LAN TITLE
LANII TITLE
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 11 WA-CT-FNRV-02150.624683-SPS-1-21-500126842
COMMITMENT NO. 500126842
CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT 1
(continued)
(c) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the
subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether
written or oral, express or implied, relating to the subject matter of this Commitment.
(d) The deletion or modification of any Schedule B, Part II -Exception does not constitute an agreement or obligation to provide coverage beyond
the terms and provisions of this Commitment or the Policy.
(e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company.
(f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy.
7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT
The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is
not the Company's agent for the purpose of providing closing or settlement services.
8. PRO -FORMA POLICY
The Company may provide, at the request of a Proposed Insured, a pro -forma policy illustrating the coverage that the Company may provide. A
pro -forma policy neither reflects the status of Title at the time that the pro -forma policy is delivered to a Proposed Insured, nor is it a commitment
to insure.
END OF CONDITIONS
This page is only a part of a 2016 ALTO Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the
Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and a
counter -signature by the Company or its issuing agent that may be in electronic form.
ICAN
Copyright American Land Title Association. All rights reserved. AMER
LANII TITL1LC
ASSOCIATIO
The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as ,N
of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. :.
ALTA Commitment for Title Insurance w-WA Mod (08/01/2016) Printed: 10.11.21 @ 09:53 AM
Page 12 WA-CT-FNRV-02150.624683-SPS-1-21-500126842