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Title Report_OConnor.pdfCHICAGO TITLE INSURANCE COMPANY, a Nebraska corporation ("Company"), for a valuable consideration, commits to issue its policy or policies of title inauranc*, 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 mfthis Commitment. This Commitment shall beeffective 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) months after the Effective Date or when the policy or policies committed for shall iseue, whichever first oocum, provided that the failure to issue the policy or policies ienot the fault ofthe Company. The Company will provide asample ofthe 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 tobe affixed byits duly authorized officers onthe date shown inSchedule A. Countersigned By: � �V Ize), " Z , - — Authorized Officer or Agent Chicago Title Insurance Company Copyright American Land Title Association. All rights reserved. LAND FIT* °""'"'°° The use of this Form is restricted mALTA licensees and ALTA members mgood standing asmthe date muse. All other uses are prohibited. nnrnmeo under license from the American Land Title Association. President IS Secretary Copyright American Land Title Association. All rights reserved. LAND FIT* °""'"'°° The use of this Form is restricted mALTA licensees and ALTA members mgood standing asmthe date muse. All other uses are prohibited. nnrnmeo under license from the American Land Title Association. •ra-F• ���� AMENDMENT No. 3 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 ■ 901 ORDER NO. 500005353 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: $821,113.00 Premium: $ 3,103.00 Tax: $ 285.48 Rate: Extended Total: $ 3,388.48 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: James M. O'Connor and Mary F. O'Connor, 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 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 @ 03:35PM WA -CT -F N RV -021 50.624679-S P S-1-14-500005353 AMERICAN LANDTITLE A-)CIATION ;il. EXHIBIT "A" Legal Description East 1/3 of Lots 1 and 2, Block 5, Seattle Heights Division Four, according to the Plat thereof recorded in Volume 9 of Plats, page 11, records of Snohomish County, Washington. Situate in the County of Snohomish, State of Washington. AMERICAN Copyright American Land Title Association. All rights reserved. LAND TITLE AS-CIATMI 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. T y ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 03:35PM WA -C T -FN R V -02150.624679-S PS -1-14-500005353 COMMITMEAT NO. 5000053W CHICAGO TITLE COMPANY OF •' AMENDMENT: No. 3 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 A,s��rro 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 @ 03:36PM WA -CT -FN RV -02150.624679 -SP 5-1-14-500005353 SCHEDULE (continued) SPECIAL EXCEPTIONS •MN IMICT11• Ilse '.ILI, • Terms and provisions set forth in those certain Boundary Agreements recorded under recording numbers 201404170451, 201404170452 and 201404170453, as related to the matter disclosed by the Record of Survey recorded under recording number 201404105006. 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 005669-005-001-02 00217 $491,700.00 $ 97,200.00 Billed: $6,481.82 Paid: $3,240.91 Unpaid: $3,240.91 4. Liability, if any, for personal property taxes pursuant to RCW 84.56.070 wherein no sale can be made without prepayment of said tax, including advance tax. For further information, please call the Snohomish County Treasurer's Office at (425)388-3307. Note: Account Numbers 2845651 and 0025494 AMERICAN Copyright American Land Title Association. All rights reserved. LAND n rLE AN UCIAr10N 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 @ 03:36PM WA -CT -F N RV -02150.624679 -SPS -1-14-500005353 5. A 7 SCHEDULE (continued) A deed of trust to secure an indebtedness in the amount shown below, Amount: $125,097.50 Dated: November 30, 2004 Trustor/Grantor: James O'Connor and Mary O'Connor, who acquired title as James M O'Connor, husband and wife Trustee: Reconveyance Professionals Inc. Beneficiary: City Bank Recording Date: December 2, 2004 Recording No.: 200412020357 O'Connor and Mary F. A Receiver's Assignment of Deed of Trust was recorded under recording number 201304291008. Assignor: Federal Deposit Insurance Corporation,as Receiver of City Bank Assignee: Whidbey Island Bank Unrecorded leases with certain terms, covenants, conditions and provisions set forth therein as disclosed by personal property accounts Lessee: Belshire Concrete Restoration LLC (acct no 2845651) Lessee: Coyote Cleaning Systems Inc. (0025494) Any rights of the parties in possession of a portion of, or all of, said Land, which rights are not disclosed by the public records. The Company will require, for review, a full and complete copy of any unrecorded agreement, contract, license and/or lease, together with all supplements, assignments and amendments thereto, before issuing any policy of title insurance without excepting this item from coverage. The Company reserves the right to except additional items and/or make additional requirements after reviewing said documents. A hi E RI CAN Copyright American Land Title Association. All rights reserved. LAND T1 [e ASWCIATMN 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. K __ ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 03:36PM WA -CT -FN RV -02150.624679 -SP S-1-14-500005353 COMMITMENT NO. 500005353 CHICAGO TITLE COMPANY OF WASHINGTON AMENDMENT: No. 3 SCHEDULE (continued) 8. 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. 1[e W? 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: Note: The Owner's Extended portion of the premium is $805.00 plus $74.06 tax. Note B: A survey of said property was recorded under Recording No. 201404105006 Note C: 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. Note D: 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. AAI ERI CAN Copyright American Land Title Association. All rights reserved. [AND TH Lf A�SOCJAT10N 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. t ALTA Commitment (Adopted: 06.17.2006) Printed: 09.24.14 @ 03:36PM WA -CT -F N RV -02150.624679-S PS -1-14-500005353 SCHEDULES (continued) Note E: 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 Four 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 @ 03:36PM WA -CT -F N RV -02150.624679 -SP S-1-14-500005353 COMMITMENT • 500005353 CHICAGO TITLE COMPANY OF • 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. org. AAI ERI CAN Copyright American Land Title Association. All rights reserved. [AND TITLE WOCIATION 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 @ 03:36PM WA -CT -FN RV -02150.624679-S PS -1-14-500005353