HomeMy WebLinkAboutPK1994-0169 - Original - Baldwin, Peyser, Tallman, Lofquist, Jonas & Crooks - Real Estate Purchase - 11/28/1994 REAL ESTATE PURCHASE AND SALE AGREEMENT
with EARNEST MONEY PROVISION
This contract controls the terms of the sale of real property.
(Please read carefully before sictnina. )
THIS AGREEMENT is entered into between the City of Kent, a
Washington municipal corporation, whose mailing address is 220 4th
Ave . S . , Kent, Washington 98032 , ( "Buyer" ) , and the following
persons :
William G. and Geraldine E. Baldwin, individually, and as husband
and wife and the marital community comprised thereof ; 34801 37th
Ave . So . , Auburn, WA 98001 ;
E. Allen and Barbara J. Peyser, individually, and as husband and
wife and the marital co unit y comprised thereof ; 2 � fagrrodza
A--9-8-�•�c�hP �4;
Bour-e-var Wesyt, - Seat--tl-e-,- 1
Erle L. and Ruth P. Tallman; individually, and as husband and wife
and the marital community comprised thereof ; 2101 Exchange
Building, Seattle, WA 98104 ;
Donald J. Lofquist, as his separate estate; 432 174th Pl . NE,
Bellevue, WA 98008 ;
Douglas L. and Janette A. Jonas, individually, and as husband and
wife and the marital community comprised thereof; 8009 Hanson Road,
NE, Bainbridge Island, WA 98110
Joyce Crooks, as her separate estate; 1531 145th Place SE, Mill
Creek, WA 98012
(hereinafter collectively, "Seller" ) .
RECITALS
WHEREAS, the Buyer has, for many years, sought to purchase the
property that is the subject of this agreement for parks and
recreation purposes; and
BALDWIN, ET. AL., PURCHASE S SALE AGREEKENT--Page 1 of 10
WHEREAS, the Buyer has been unable to purchase the property
from Seller because the Buyer has not been able to meet Seller' s
offering sale price for the property; and
WHEREAS, Seller has determined that the property is ideally
suited for parks and recreation purposes and that use of the
property for parks and recreation purposes would be beneficial to
the community and the citizens of Kent; and
WHEREAS, Seller has sought information from the Buyer relating
to Buyer ' s funds that may be available to purchase the property;
and
WHEREAS, Buyer has reason to believe it can secure limited
grants in an amount not to exceed $446 , 000 . 00 for the purchase of
the property; and
WHEREAS, Seller has determined, by this limited offer made
only to Buyer, to offer to sell the property to Buyer for
$446 , 000 . 00 , subject to terms and conditions detailed in this
agreement , which sum is far below the value actually attributed to
the property by Seller, a value in excess of $800 , 000 . 00 . NOW
THEREFORE,
Seller offers to sell to Buyer the below-described property under
the following terms and conditions .
AGREEMENT
Buyer agrees to buy and Seller agrees to sell, the Property
legally described in Exhibits A and B, attached hereto and
incorporated herein by this reference (the "Property" ) . Maps
indicating the location of the Property are also attached as
Exhibits C and D, incorporated herein by this reference .
BALDWIN, ET. AL., PURCHASE 6 SALE AGREEMENT--Page 2 of 10 yo
PURCHASE PRICE The total purchase price for the Property is
Pour Ilundi-ed Forty Six Thousand and NO/100 Dollars ($446 , 000 . 00)
payable by City check on closing .
[X] CONTINGENCIES : This agreement is contingent upon :
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
(1) [ ] that the property contains leased or encumbered items
identified as [ ] hot water tank (s) [ ] heating system
[ ] other
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3 ) [ ] that shares in light and/or water companies and
associations, if any, shall be included in the sale,
unless noted,
(4 ) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE : Buyer to provide title insurance at closing, to be
issued by Old Republic Title, Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1 , 2 , 6 , 7, 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
20 , 1993 . Encumbrances to be discharged by Seller shall be
paid from Seller ' s funds at the date of closing. * The
following shall not be deemed encumbrances or defects: Rights
reserved in federal patents or state deeds ; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements; utility
RAMWIN, ET. AL. , PURCHASE L SALE AGREEMENT--Page 3 of 10
"[dithout effecting the sellers' obligation to deliver clear title,
encumberances upon an individual seller's interest in the property
play be paid only from that portion of the sellers' funds allocable
to such individual seller."
PURCHASE PRICE The total purchase price for the Property is
Four Hundred Forty Sir. Thousand and N0/100 Dollars ($446 , 000 . 00)
payable by City check on closing.
[X] CONTINGENCIES : This agreement is contingent upon :
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
( 1) [ ] that the property contains leased or encumbered items
identified as [ ] hot water tank (s) [ ] heating system
[ ] other J
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3 ) [ ] that shares in light and/or water companies and
associations , if any, shall be included in the sale,
unless noted,
(4 ) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE: Buyer to provide title insurance at closing, to be
issued by Old Republic Title, Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1, 2 , 6 , 7 , 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
20 , 1993 . Encumbrances to be discharged by Seller shall be
paid from Seller ' s funds at the date of closing. * The
following shall not be deemed encumbrances or defects: Rights
reserved in federal patents or state deeds; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements ; utility
BALDWIN, ET. AL., PURCHASE L SALE AGREEMENT--Page 3 of 10
* "Without effecting the sellers' obligation to deliver clear title
encumbrances upon an individual seller's interest in the property
may be paid only from that portion of the sellers' funds allocable
to such individual seller."
PURCHASE PRICE The total purchase price for the Property is
Four Hundred Forty Six Thousand and NO/100 Dollars ($446 , 000 . 00)
payable by City check on closing .
[X] CONTINGENCIES : This agreement is contingent upon:
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
(1) [ ] that the property contains leased or encumbered items
identified as [ ] hot water tank (s) [ ] heating system
[ ] other
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3 ) [ ] that shares in light and/or water companies and
associations , if any, shall be included in the sale,
unless noted,
(4 ) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE : Buyer to provide title insurance at closing, to be
issued by Old Republic Title , Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1, 2 , 6 , 7 , 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
20 , 1993 . Enc
umbrances to be discharged by Seller shall be,_
/ i
paid from Seller' s funds at the date of closing. * The
following shall not be deemed encumbrances or defects : Rights
reserved in federal patents or state deeds ; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements; utility
R=WIN, ET. AL., PURCHASE L SALE AGREEMENT--Page 3 of 10
"Without effecting the sellers' obligation to deliver clear title,
' encumberances upon an individual seller's interest in the property
may be paid only from that portion of the sellers' funds allocable
to such individual seller."
PURCHASE PRICE The total purchase price for the Property is
Four Hundred Forty Six Thousand and N0/100 Dollars ($446 , 000 . 00)
payable by City check on closing .
[X] CONTINGENCIES : This agreement is contingent upon :
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
(1) [ ] that the property contains .Leased or encumbered items
identified as [ ) hot water tank (s) [ ] heating system
[ ] other
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3 ) [ ) that shares in light and/or water companies and
associations, if any, shall be included in the sale,
unless noted,
(4 ) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE: Buyer to provide title insurance at closing, to be
issued by Old Republic Title, Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1, 2 , 6 , 7 , 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
20
1993 . Encumbrances to be discharged by Seller shall be
,
paid from Seller ' s funds at the date of closing. * The
following shall not be deemed encumbrances or defects: Rights
reserved in federal patents or state deeds ; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements; utility
BALDWIN, ET. AL., PURCHASE L SALE AGREEMENT--Page 3 of 10
* "Without effecting the sellers' obligation to deliver clear title,
encumberances upon an individual seller's interest in the property
may be raid only from that portion of the sellers' funds allocable
h to such individual seller."
PURCHASE PRICE The total purchase price for the Property is
Four Hundred Forty Six Thousand and N0/100 Dollars ($446 , 000 . 00)
payable by City check on closing .
[X] CONTINGENCIES : This agreement is contingent upon:
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
(1) [ J that the property contains leased or encumbered items
identified as [ hot water tank (s) [ ] heating system
[ ] other
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3) [ ] that shares in light and/or water companies and
associations, if any, shall be included in the sale,
unless noted,
(4) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE: Buyer to provide title insurance at closing, to be
issued by Old Republic Title, Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1 , 2 , 6 , 7 , 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
20 , 1993 . Encumbrances to be discharged by Seller shall be
paid from Seller ' s funds at the date of closing . * The
following shall not be deemed encumbrances or defects: Rights
reserved in federal patents or state deeds ; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements ; utility
HAI,DWIN, ET. AL. , PURCHASE L SALE AGREEMENT--Page 3 of 10
* "Without effecting the sellers' obligation to deliver clear title,
encumberances upon an individual seller's interest in the property
may be paid only from that portion of the sellers' funds allocable
to such individual seller."
PURCHASE PRICE The total purchase price for the Property is
Four Hundred Forty Six Thousand and N0/100 Dollars ($446 , 000 . 00)
payable by City check on closing.
[X] CONTINGENCIES: This agreement is contingent upon :
(a) acceptance of its terms by the Kent City Council ; and (b) upon
execution of King County Conservation Futures and Metro grants .
1 . SELLER' S REPRESENTATIONS : Seller represents :
(1) [ ] that the property contains leased or encumbered items
identified as [ ] hot water tank (s) [ ] heating system
[ ] other
(2) [ ] that he/she will maintain the property and yard in
present or better condition until time of agreed
possession,
(3) [ ] that shares in light and/or water companies and
associations, if any, shall be included in the sale,
unless noted,
(4) [ ] that he/she has no knowledge or notice from any
governmental agency of any violation of laws relating to
the subject property except :
2 . TITLE: Buyer to provide title insurance at closing, to be
issued by Old Republic Title, Ltd. , 1201 Third Avenue, Suite
1410 , Seattle, Washington 98101-3095 (Policy Nos . 68005 and
68006) . Title to the Property is to be free from all
encumbrances or defects except : Nos . 1, 2, 6 , 7 , 8 and 9 as
listed on Title Reports Nos . 68005 and 68006 , dated October
201 1993 . Encumbrances to be discharged by Seller shall be
paid from Seller' s funds at the date of closing. * The
following shall not be deemed encumbrances or defects: Rights
reserved in federal patents or state deeds; building or use
restrictions consistent with current zoning, other than
government platting and subdivision requirements; utility
BALDWIN, ET. AL., PURCHASE 6 SALE AGREEMENT--Page 3 of 10
"Without effecting the sellers' obligation to deliver clear title,
encumberances upon an individual seller's interest in the property
may be paid only from that portion of the sellers' funds allocable
to such individual seller."
easements; other easements not inconsistent with Buyer' s
intended use; and, reserved oil and/or mineral rights .
3 . CLOSING COSTS AND PRO-RATIONS: The cost of escrow shall be
paid by Buyer. Buyer shall pay for excise tax, if any, and
revenue stamps . Taxes for the current year, rents, interest,
Association, Condominium and/or Homeowner' s fees, water and
other utility charges, if any, shall be pro-rated as of date
of closing unless otherwise agreed.
4 . CLOSING OF THE SALE: WITH THE UNDERSTANDING THAT TIME IS OF
THE ESSENCE FOR THIS AGREEMENT, this sale shall be closed on
or before December 1, 1994 , which shall also be the
termination date of this agreement . When notified, the Buyer
and Seller will deposit , without delay, in escrow with
Accountable Escrow, 1048 W. James Street, Suite 102 , Kent, WA
98031, all instruments and monies required to complete the
transaction in accordance with this agreement . Closing, for
the purpose of this agreement, is defined as the date that all
documents are executed and the sale proceeds are available for
disbursement to the Seller.
5 . POSSESSION: Buyer shall be entitled to possession on closing.
6 . SELLER' S ENVIRONMENTAL REPRESENTATIONS : Seller represents
that, to the best of his/her knowledge, he/she has complied
with all matters arising out of all federal, state, foreign
and local laws or administrative orders with respect to
environmental conditions existing on the closing date
including, without limitation, the Resource Conservation and
Recovery Act, the Comprehensive Environmental Response,
Compensation and Liability Act, the Superfund Amendments
Reauthorization Act , the Model Toxics Control Act, the Spill
Compensation and Control Act, and the Environmental Cleanup
Responsibility Act, with respect to the purchased property.
BALDWIN, ET. AL., PURCHASE & SALE AGREEMENT--Page 4 of 10
IV/V
A W
C
Such representation, and any liability that Seller may have
for any breach thereof , shall survive the closing.
In the event Buyer discovers or determines or is notified
about existence of any environmental condition (including,
without limitation, a spill, discharge or contamination) that
existed as of and/or prior to the closing date or any act or
omission occurring prior to the closing date, the result of
which may require remedial action pursuant to any law or may
be the basis for the assertion of any third party claims,
including claims of governmental entities, Buyer shall
promptly notify Seller thereof and Seller shall , at its sole
cost and expense, proceed with due diligence and in good faith
to take the appropriate action in response thereto. In the
event that Seller fails to so proceed with due diligence and
good faith, the Buyer may, at its option, terminate this
agreement without prior notice .
7 . ADDITIONAL PROVISIONS : This agreement is subject to the
following additional provisions :
(A) CONVEYANCE
Title shall be by Warranty Deed free of encumbrances
except those noted in Paragraph 2 above .
(B) TITLE INSURANCE
Buyer is authorized to apply for a preliminary commitment
for a standard form Buyer' s policy of title insurance to be
issued by such title insurance company as the Buyer may
designate . Said preliminary commitment, and the title policy
to be issued shall contain no exceptions other than those
provided for in such standard form and encumbrances or defects
noted in paragraph 2 hereof . If title cannot be made so
insurable prior to the closing date called for herein, unless
BALDWIN, ET. AL., pURCHA.SE S SALE AGREEMENT--page 5 of 10
W'
Buyer elects to waive such defects or encumbrances, this
agreement shall be terminated.
(C) GENERAL PROVISIONS
SQUARE FOOTAGE: Unless otherwise expressly stated to the
contrary on the reverse hereof, any square footage as to the
building or lot used by Seller or any real estate agent in
marketing said property are understood to be approximations
and are not intended to be relied upon to determine the
fitness or value of the property. Buyer has personally
observed the property and has reached its own conclusion as to
the adequacy and acceptability of the size of property based
upon said personal inspection.
(D) ENTIRE AGREEMENT
THIS AGREEMENT', INCLUDING ALL INCORPORATED EXHIBITS,
CONSTITUTES THE FULL UNDERSTANDING BETWEEN SELLER AND BUYER
(and AGENT, if applicable) . THERE HAVE BEEN NO VERBAL OR
OTHER AGREEMENTS THAT MODIFY THIS AGREEMENT.
(E) CONTINGENCY CLAUSE
If CONTINGENCIES paragraph on page two herein has been
filled in, it is agreed that Seller may keep the property on
the market and continue to show it until the contingency has
been met or waived by Buyer.
(F) DEFAULT AND ATTORNEY' S FEES
If the Seller defaults in his or her contractual
performance herein, the Buyer may seek specific performance
pursuant to the terms of this agreement, damages, or recision.
In the event of litigation to enforce any of the terms or
provisions herein, each party shall pay all its own costs and
attorney' s fees .
BALDWIN, ET. AL., PURCHASE 6 SALE AGREEMENT--Page 6 of 10
(G) NOTICE TO SELLER, PURCHASER, AND AGENT/BROKER
This form contains customary provisions for an agreement
for the purchase and sale of real estate . The Buyer makes NO
WARRANTY OR REPRESENTATION OF ANY KIND that this form, or any
of its provisions , is intended to meet the factual and legal
requirements of a particular transaction, or that it
accurately reflects that laws of the State of Washington at
the time you enter the agreement . THIS AGREEMENT HAS
SIGNIFICANT LEGAL AND FINANCIAL CONSEQUENCES AND YOU ARE
ADVISED TO SEEK INDEPENDENT LEGAL AND FINANCIAL COUNSEL
REGARDING THESE CONSEQUENCES . (If you do not understand the
effect of any part, consult your Attorney before signing.
Federal law may impose certain duties upon Brokers or
Signatories when any of the signatories receive certain
amounts of U. S . currency in connection with a real estate
closing. )
8 . COUNTERPARTS : This agreement is comprised of several
identical counterparts , each to be executed by the parties
and, when taken together, shall be but one agreement and shall
be deemed a fully executed original having identical legal
effect .
9 . OFFER TO SELL: Buyer hereby acknowledges receipt of a copy of
this agreement . Seller offers to sell the above property on
the above terms and conditions .
William G. Baldwin (SELLER) Geraldine E. Baldwin (SELLER)
Date : Date : // zz-
Phone :
Phone : Zoe
Sellers ' Address : 34801 37th Ave . So .
Auburn WA 98001
BALDWIN, ET. AL., PURCHASE S SALE AGREE4ENT--Page 7 of 10
A
E. Allen Pe er SELLER Barbara J. Pe ser SELLER
Date : H O/ 1 -7 9 `- Date : _Z / -7 �1!2�
Phone : Zoto, 33� — -7-I8Z Phone : ,-
Phone : 33 r -7-7 12)
Sellers ' Address : 2S94 Ma4neli �"^
ia-87 �• �vJ�► � r/wIe'ootc �9-Y 0,4-D
Erle L. Tallman (SELLER) Ruth P . Tallman (SELLER)
Date : Date :
Phone : Phone :
Sellers ' Address : 2101 Exchange Building
Seattle WA 98104
Donald J. Lofauist as his
separate estate (SELLER)
Date :
Phone :
Sellers ' Address : 432 174th Place NE
Bellevue WA 98008
BALDWIN, ET. AL., PURCHASE s SALE AGREEMENT--Page 8 of 10
E. Allen Pevser (SELLER) Barbara J. Pevser (SELLER)
Date : Date :
Phone : Phone :
Sellers ' Address : 2591 Magnolia Boulevard West
Seattle WA 98199
Erle L. Tallman (SELLER) Rut P . Tallman SELLER
Date : Date : /o/4ZZ4Z
Phone : Phone :
Sellers ' Address : 2101 Exchancre Buildin
Seattle WA 98104
Donald J. Lofguist as his
separate estate (SELLER)
Date :
Phone :
Sellers ' Address : 432 174th Place NE
Bellevue WA 98008
BALDWIN, ET. AL., PURCHASE S SALE AGREEMENT--Page 8 of 10
E. Allen Purser (SELLER) Barbara J. Peyser (SELLER)
Date : Date :
Phone : Phone :
Sellers ' Address : 2591 Magnolia Boulevard West
Seattle WA 98199
Erle L. Tallman (SELLER) Ruth P . Tallman (SELLER)
Date : Date :
Phone : Phone :
Sellers ' Address : 2101 Exchange Buildina
Seattle WA 98104
/l
Donald J of . ist as his
separate estate (SELLER)
Date :
Phone :
Sellers ' Address : 432 174th Place NE
Bellevue WA 98008
BALDWIN, ET. AL., PURCHASE S SALE AGREEMENT--Page 8 of 10
Douai L Jonas (SELLER) Janette A Jonas {SELLER)
/O//�/�l�4 Date :
Date :
Phone : (ZO 6) 8 * Z — /8 G Phone :
Sellers ' Address : 8009 Hanson Road
Bainbridge Island WA 98110
Joyce Crooks as her
separate estate (SELLER)
Date :
Phone :
Sellers ' Address : 1531 145th Place SE
Mill Creek WA 98110
19 Buyer
11 . BUYER' S ACCEPTANCE:
agrees to purchase the property on the terms and conditions
specified herein. Buyer acknowledges receipt of a copy of
this agreement , signed by both parties .
THE CITY OF KENT, Buyer
by
i s p �!�
DATE : O 19A
BALDWIN, ET. AL., PURCHASE 6 SALE AGREEMNT--Page 9 of 10
Douglas L. Jonas (SELLER) Janette A Jonas (SELLER)
Date : Date :
Phone : Phone :
Sellers ' Address : 8009 Hanson Road
DainbridcTe. Island, WA 98110
Joyce Crooks as her
seiparate estate SELLER
Date : D 9
Phone : A062 /7y-5-_ 4 64
Sellers ' Address : 1531 145th Place SE
Mill Creek WA 98110
11 . BUYER' S ACCEPTANCE: 19 Buyer
agrees to purchase the property on the terms and conditions
specified herein. Buyer acknowledges receipt of a copy of
this agreement , signed by both parties .
THE CITY OF KENT, Buyer
b
s
DATE : _ 192�L-
BALDWIN, ET. AL., PURCHASE L SALE AGREEMENT--Page 9 of 10
BUYER' S PRESENT ADDRESS :
City of Kent
220 Fourth Avenue South
Kent, Washington 98032
APPROVED AS TO FORM:
V
CITY ATTORNEY QCC"C1NJCj
BALDWIN, ET. AL., PURCHASE L SALE AGREEMENT--Page 10 of 10
EXHIBIT "A"
That portion of Government Lot 3 in Section 25, Township 22 North, Rance 4 East. W.M., in King County,
Washington, and of Government Lot 2 in Section 24, Township 22 North, Range 4 East, W.M., in King County,
Washington, described as follows:
Beginning at the Southwest corner of the S. W. RUSSEL L. DONATION CLAIM NO. 41 in Section 25, Township 22
North, Range 4 East, W.M., in King County, Washington,
THENCE North 0145'00"West along the West line of said Donation Claim No. 41, a distance of 525.5 feet to an iron
pipe set on the West line of said Donation Claim;
THENCE North 89*15'00"West 525 feet to the Northwest corner of a certain tract of land quit claimed to James A.
Cavanaugh on April 17, 1894, by Margaret J. Hayes and P. C. Hayes, her husband;
THENCE South 8100'00" East 376 feet to a point of the North bank of Green River (formerly White River), which
point is the True Point of Beginning for this description;
THENCE North 8°00'00"West 1,030 feet, more or less, to the South line of the lands of Florence E. and Frances
Mullen;
THENCE North 89°15'00"West to the East bank of Green River (formerly White River);
Southeasterly along and following the meanders of the said Green River
THENCE Southwesterly, Southerly, and
1,800 feet, more or less, to the True Point of Beginning;
LESS that portion conveyed to the State of Washington for Primary State Highway No. 5 by Deed recorded under
Auditor's File No. 5958419,
EXCEPT Russell Road;
��rithin Section 25, said Township and Rance.
AND EXCEPT that portion thereof lying
SITUATE in the County of King, State of Washington.
END OF EXHIBIT "A"
68005
EXHIBIT "B"
That portion of Government Lot 3 in Section 25, Township 22 North, Range 4 East. W.M., in King County,
Washington, and of Government Lot 2 in Section 24, Township 22 North, Range 4 East, W.M., in King County.
Washington, described as follows:
Beginning at the Southwest corner of the S. W. RUSSEL L. DONATION CLAIM NO. 41 in Section 25, Township 22
North, Range 4 East, W.M., in King County, Washington,
THENCE North 014500" West along the West line of said Donation Claim No. 41, a distance of 525.5 feet to an iron
pipe set on the West line of said Donation Claim;
THENCE North 89015'00"West 525 feet to the Northwest corner of a certain tract of land quit claimed to James A.
Cavanaugh on April 17, 1894, by Margaret J. Hayes and P. C. Hayes, her husband;
THENCE South 8000'00" East 376 feet to a point of the North bank of Green River (formerly White River), which
point is the True Point of Beginning for this description;
THENCE North 8°00'00"West 1,030 feet, more or less, to the South line of the lands of Florence E. and Frances
Mullen;
THENCE North 89'15'00"West to the East bank of Green River(formerly White River);
THENCE Southwesterly, Southerly, and Southeasterly along and following the meanders of the said Green River
1,800 feet, more or less, to the True Point of Beginning;
LESS that portion conveyed to the State of Washington for Primary State Highway No. 5 by Deed recorded under
Auditor's File No. 5958419,
EXCEPT Russell Road;
AND EXCEPT that portion thereof lying within Section 24, said Township and Range.
SITUATE in the County of King, State of Washington.
END OF EXHIBIT "B"
68006
*� x
q `r OLD . PUBLIC
* TITLE, LTD.
„ ,r
1201 Third Avenue, Suite 1410 EXHIBIT C Order No.
Seattle, WA 98101-3095
206-625-1952 THIS MAP REPRESENTS THE Plat Vol Pape
PROPERTY DESCRIBED IN
_..EXHIBIT A.r - — — --- ---
Z.
I - ,
Ak
iY
' t 1� l 1 • I
1 -
Dimensions of subject premises are
This sketch does not purport to show all highways, roads, or easements affecting said property. No liability is assumed for
variations in dimensions and location, and is not based upon a survey of the property described in this order. It is furnished
without charge, solely for the purpose of assisting in locating the described premises. The Company assumes no liability for
inaccuracies therein.
OR 04
**� % OLu 1 A-D UBLIC
TITLE. LTD.
EXHIBIT "D"
1201 Third Avenue, Suite 1410 Order No.
Seattle, WA 98101-3095
206-625-1952 THIS MAP REPRESENTS THE plat Vol Page ,
PROPERTY DESCRIBED IN
EXHIBIT "B
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This sketch does not purport to show all highways, roads, or easements affect ne said proper'•. No liability is assumed for
variations in dimensions and location, and is not based upon a survey of the proper•described in this order. It is furnished
«'ithout charge, solely for the purpose of assisting in locating the described premises. The Company assumes no liability for
inaccuracies therein.
OR 04
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OLD REPUBLIC Seat Third Avenue. Ste. 1410
'� Seattle, WA 98101
- TITLE, LTD. (206)625-1952
* * (800) 877-6850
FAX (206) 682-0152
PRELIMINARY COMMITMENT FOR TITLE INSURANCE
Our Order Number: 68005
Unit 3
TO: ATTN HELEN WICKSTROM
CITY OF KENT
220 4TH AVE S
KENT WA 98032
Your Reference: Baldwin
Inquiries should be made to:
John Wickwire, Chief Title Officer
Lisa Goscieiew, Title Officer
Marla Davis. Title Assistant
(206) 689-5643
SCHEDULE A
Effective Date: October 20, 1993 at 8:30 a.m.
1. ✓ Policy or Policies to be issued:
ALTA Owners Policy 10-17-92 Amount: S
Standard ( X ) Extended ( ) Premium: S
Tax: S
Rate: Standard
Proposed Insured: City of Kent
2. ✓ OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY agrees to issue on request and on recording of
any appropriate documents, its policy or policies as applied for,with coverage as indicated, based on this preliminary
commitment that fee simple title to the property described herein is vested on the date shown above in
WILLIAM G. BALDWIN and GERALDINE E. BALDWIN, husband and wife, and DOUGLAS L. JONAS and
JANETTE A. JONAS, husband and wife, ERLE L. TALLMAN and RUTH P. TALLMAN, husband and wife, E.
ALLEN PEYSER and BARBARA J. PEYSER, husband and wife, and DONALD J. LOFQUIST, as his
separate estate and JOYCE CROOKS, as her separate estate, each as to an indeterminable undivided
interest
subject only to the exceptions shown herein and to the terms, conditions, and exceptions contained in the policy form.
This report and commitment shall have no force or effect except as a basis for the coverage specified herein.
3. SEE ATTACHED EXHIBIT"A" FOR LEGAL DESCRIPTION
EXHIBIT"A"
That portion of Government Lot 3 in Section 25, Township 22 North, Range 4 East. W.M., in King County,
Washington, and of Government Lot 2 in Section 24, Township 22 North, Range 4 East, W.M., in King County,
Washington, described as follows!
Beginning at the Southwest corner of the S. W. RUSSEL L. DONATION CLAIM NO. 41 in Section 25, Township 22
North, Range 4 East, W.M., in King County, Washington,
THENCE North 0°45'00"West along the West line of said Donation Claim No. 41, a distance of 525.5 feet to an iron
pipe set on the West line of said Donation Claim;
THENCE North 89°15'00"West 525 feet to the Northwest corner of a certain tract of land quit claimed to James A.
Cavanaugh on April 17, 1894, by Margaret J. Hayes and P. C. Hayes, her husband;
THENCE South 8100'00" East 376 feet to a point of the North bank of Green River (formerly White River), which
point is the True Point of Beginning for this description;
o the South line of the lands of Florence E. and Frances
THENCE North 8100'00"West 1,030 feet, more or less; t
Mullen;
THENCE North 89'15'00"West to the East bank of Green River(formerly White River);
THENCE Southwesterly, Southerly, and Southeasterly along and following the meanders of the said Green River
1,800 feet, more or less, to the True Point of Beginning;
LESS that portion conveyed to the State of Washington for Primary State Highway No. 5 by Deed recorded under
Auditor's File No. 5958419,
EXCEPT Russell Road;
AND EXCEPT that portion thereof lying within Section 25, said Township and Range.
SITUATE in the County of King, State of Washington.
END OF EXHIBIT"A"
68005 Page 2
SCHEDULE B
1. GENERAL TAXES, PLUS INTEREST AND PENALTY AFTER DELINQUENCY; 1 ST HALF DELINQUENT
ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1:
For year: 1993
Amount Billed: $ 1,052.61
Amount Paid: $ 526.31
Parcel No.: 242204-9108-04
Levy Code: 1525
ASSESSED VALUATION PER KING COUNTY OFFICE OF FINANCE:
Land: $ 73,800.00
Improvements: $ 0.00
NOTE.-
Taxes may not always be divisible into two equal half payments. The higher amount (S.01 more) is always
due on the first half payment by April 30th. The odd cent(s) must be rounded upward. Second half is
usually 5.01 less.
2. EXCISE TAX, if unpaid.
NOTE:
For purpose of determination of amount of excise tax due, said property is situate in:
City of Kent
As of the date hereof the Excise Tax Rate is: .0153
Prior to closing confirmation of the current excise tax rate chargeable for the property described herein
should be made by calling King County Records and Election Division, Excise Tax Department , at(206)
296-1590.
3. ASSIGNMENT GIVEN AS SECURITY, AND THE TERMS AND CONDITIONS THEREOF:
Grantor: Donald J. Lofquist
Grantee: Elkan J. Morris
Amount: $55,000.00
Dated: February 12, 1992
Recorded: February 14, 1992
Recording No.: 9202141723
4. JUDGMENT CONTAINING PROVISIONS SET FORTH HEREIN:
Plaintiff: Security Pacific Bank Washington
Defendant: Donald J. Lofquist and Jane Doe Lofquist, individually and their marital community
Rendered: May 7, 1992
Entered: May 7, 1992
King County
Judgment No.: 92-9-11320-7
Superior Court
Cause No.: 92-2-07159-2
68005 Page 3
Attorney for
Plaintiff: Larry E. McMullen
Provisions: S57,500.00 for interest at Security Pacific's prime interest rate plus 2% from
October 15, 1991, attorney fees of$487.50 and costs of S147.80, attorney fees and
costs bear interest at 12% per annum.
(Judgment summary shows: Debtor: Donald J. Lofquist and Jane Doe Lofquist,
husband and wife, adds interest to date of judgment of S2,748.27; and post
judgment interest at Security Pacifiic's prime interest rate plus 2%.)
The lien of said Judgment depends on the identity of the judgment debtor with Donald J. Lofquist.
NOTE:
It is requested that the attached questionnaire be completed and returned to this Company to assist us in
establishing the identity of Donald J. Lofquist.
The lien of said Judgment depends on the identity of the judgment debtor with Donald J. Lofquist.
5. NOTICE OF FEDERAL TAX LIEN:
By: District Director of Internal Revenue, Western Division, Seattle, Washington
Taxpayer: Donald J and Joy J. Lofquist
Residence: 432 174th,Place NE, Bellevue WA 98008-4245
Class of Tax: 1040
Assessment Date: November 23, 1992
Identifying No.: 538-22-4984
Serial No.: 919322072
Amount: $11,163.38, and any other amounts due thereunder
Recording No.: 9310211033
The effect said Lien has on the premises under search depends on the identity of the debtor with Donald J.
Lofquist.
NOTE:
It is requested that the attached questionnaire be completed and returned to this company to assist us in
establishing the identity of Donald J. Lofquist.
6. ✓ RELINQUISHMENT OF ACCESS of State Highway and of light, view and air:
By Deed to: State of Washington
Recorded: November 26, 1965
Recording No.: 5958419
7. RIGHTS OF THE STATE OF WASHINGTON in and to that portion of said Premises, if any, lying in the Bed
of Green River, if it is navigable.
8. ANY QUESTION that may arise due to the shifting and changing in the course of Green River,
9. ANY PROHIBITION OR LIMITATION on the use, occupancy or improvement of the land resulting from the
rights of the public or riparian owners to use any waters which may cover the land or any part thereof.
68005 Page 4
NOTE 1:
According to the application, title is to vest in City of Kent. We find no pertinent matters of record against the
name(s) of said Party(ies). V
NOTE 2:
The language contained in the printed Exclusions from coverage and Conditions and Stipulations of the Policy
committed for may be examined by inquiry at the office which issued the Commitment, and a specimen copy of the
Insurance Policy Form(s) referred to in this Commitment will be furnished promptly upon request.
NOTE 3:
Investigation should be made to determine if there are any service, installation, maintenance, or connection charges
for sewer, water, electricity or Metro Sewer Treatment Capacity Charge.
NOTE 4:
In the event this transaction fails to close, a cancellation fee will be charged for services rendered in accordance with
our schedule.
END OF SCHEDULE B
H H/by
68005 Page 5
OLD . PUBLIC
I* *} TITLE, LTD.
II*
1201 Third Avenue, Suite 1410 Order No.
Seattle, WA 98101-3095 Plat Vol Page
206-625-1952
' �-J
I
A
Z I
Er-
Vrt l'Ir r f.• ` � W
2 3
1 + 1•
Dimensions of subject premises are
This sketch does not purport to show all highways, roads, or easements affecting said property. No liability is assumed for
variations in dimensions and location, and is not based upon a survey of the property described in this order. It is furnished
without charge, solely for the purpose of assisting in locating the described premises. The Company assumes no liability for
inaccuracies therein.
OLD REPUBL1v 1201 Third Avenue, Ste. 1410
* Seattle,WA 98101
* TITLE, LTD. ( 877--6850
* * (8000)) 7750
FAX (206) 682-0152
PRELIMINARY COMMITMENT FOR TITLE INSURANCE
Our Order Number: 68006
Unit 3
TO: ATTN HELEN WICKSTROM
CITY OF KENT
220 4TH AVE SOUTH
KENT WA 98032
Your Reference: Baldwin
Inquiries should be made to:
John Wickwire, Chief Title Officer
Lisa Gosciejew, Title Officer
Marla Davis, Title Assistant
(206) 689-5643
SCHEDULE A
Effective Date: October 20, 1993 at 8:30 a.m.
1. Policy or Policies to be issued:
ALTA Owners Policy 10-17-92 Amount: $ Later
Standard ( X) Extended ( ) Premium: $ Later
Tax: S Later
Rate: Standard
Proposed Insured: City of Kent
2. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY agrees to issue on request and on recording of
any appropriate documents, its policy or policies as applied for,with coverage as indicated, based on this preliminary
commitment that fee simple title to the property described herein is vested on the date shown above in
WILLIAM G. BALDWIN and GERALDINE E. BALDWIN, husband and wife, and DOUGLAS L. JONAS and
JANETTE A. JONAS, husband and wife, ERLE L. TALLMAN and RUTH P. TALLMAN, husband and wife, E.
ALLEN PEYSER and BARBARA J. PEYSER, husband and wife, and DONALD J. LOFQUIST, as his
separate estate and JOYCE CROOKS, as her separate estate, each as to an indeterminable undivided
interest
subject only to the exceptions shown herein and to the terms, conditions, and exceptions contained in the policy form.
This report and commitment shall have no force or effect except as a basis for the coverage specified herein.
3. SEE ATTACHED EXHIBIT"A" FOR LEGAL DESCRIPTION
68006 Pagel
EXHIBIT "A"
That portion of Government Lot 3 in Section 25, Township 22 North, Range 4 East, W.M., in King County,
Washington, and of Government Lot 2 in Section 24, Township 22 North, Range 4 East, W.M., in King County,
Washington, described as follows:
Beginning at the Southwest corner of the S. W. RUSSEL L. DONATION CLAIM NO. 41 in Section 25, Township 22
North, Range 4 East, W.M., in King County, Washington,
THENCE North 0°45'00"West along the West line of said Donation Claim No. 41, a distance of 525.5 feet to an iron
pipe set on the West line of said Donation Claim;
THENCE North 89'15'00"West 525 feet to the Northwest corner of a certain tract of land quit claimed to James A.
Cavanaugh on April 17, 1894, by Margaret J. Hayes and P. C. Hayes, her husband;
THENCE South 8°00'00" East 376 feet to a point of the North bank of Green River(formerly White River), which
point is the True Point of Beginning for this description;
THENCE North 8°00'00"West 1,030 feet, more or less, to'the South line of the lands of Florence E. and Frances
Mullen;
THENCE North 89'15'00" West to the East bank of Green River (formerly White River);
THENCE Southwesterly, Southerly, and Southeasterly along and following the meanders of the said Green River
1,800 feet, more or less, to the True Point of Beginning;
LESS that portion conveyed to the State of Washington for Primary State Highway No. 5 by Deed recorded under
Auditor's File No. 5958419,
EXCEPT Russell Road;
AND EXCEPT that portion thereof lying within Section 24, said Township and Range.
SITUATE in the County of King, State of Washington.
END OF EXHIBIT"A"
68006 Page 2
SCHEDULE B
1. GENERAL TAXES, PLUS INTEREST AND PENALTY AFTER DELINQUENCY; 1ST HALF DELINQUENT
ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1:
Foryear: 1993
Amount Billed: $ 3.545.80
Amount Paid: $ 1,772.90
Parcel No.: 252204-9001-01
Levy Code: 1525
ASSESSED VALUATION PER KING COUNTY OFFICE OF FINANCE:
Land: $ 248,600.00
Improvements: $ 0.00
NOTE:
Taxes may not always be divisible into two equal half payments. The higher amount ($.01 more) is always
due on the first half payment by April 30th. The odd cent(s) must be rounded upward. Second half is
usually $.01 less.
2. EXCISE TAX, if unpaid.
NOTE:
For purpose of determination of amount of excise tax due, said property is situate in:
City of Kent
As of the date hereof the Excise Tax Rate is: .0153
Prior to closing confirmation of the current excise tax rate chargeable for the property described herein
should be made by calling King County Records and Election Division, Excise Tax Department , at (206)
296-1590.
3. ASSIGNMENT GIVEN AS SECURITY, AND THE TERMS AND CONDITIONS THEREOF:
Grantor: Donald J. Lofquist
Grantee: Elkan J. Morris
Amount: $55,000.00
Dated: February 12, 1992 4'
Recorded: February 14, 1992
Recording No.: 9202141723
4. JUDGMENT CONTAINING PROVISIONS SET FORTH HEREIN:
Plaintiff: Security Pacific Bank Washington
Defendant: Donald J. Lofquist and Jane Doe Lofquist, individually and their marital community
Rendered: May 7, 1992
Entered: May 7, 1992
King County
Judgment No.: 92-9-11320-7
Superior Court
Cause No.: 92-2-07159-2
68006 Page 3
Attorney for
Plaintiff: Larry E. McMullen
Provisions: 557,500,00 for interest at Security Pacifies prime interest rate plus 2% from
October 15, 1991. attorney fees of S487.50 and costs of$147.80, attorney fees and
costs bear interest at 12% per annum.
(Judgment summary shows: Debtor: Donald J. Lofquist and Jane Doe Lofquist,
husband and wife, adds interest to date of judgment of$2,748.27; and post
judgment interest at Security Pacifc's prime interest rate plus 2%.)
The lien of said Judgment depends on the identity of the judgment debtor with Donald J. Lofquist.
NOTE:
It is requested that the attached questionnaire be completed and returned to this Company to assist us in
establishing the identity of Donald J. Lofquist.
A Certified Copy of said Judgment was recorded under Recording No. 9206110545.
5. NOTICE OF FEDERAL TAX LIEN:
By: District Director of Internal Revenue, Western Division, Seattle, Washington
Taxpayer: Donald J. and Joy J. Lofquist
Residence: 432 174th Place NE, Bellevue WA 98008-4245
Class of Tax: 1040
Assessment Date: November 23, 1992
Identifying No.: 538-22-4984
Serial No.: 919322072
Amount: $11,163.38, and any other amounts due thereunder
Recording No.: 9310211033
The effect said Lien has on the premises under search depends on the identity of the debtor with Donald J.
Lofquist.
NOTE:
It is requested that the attached questionnaire be completed and returned to this company to assist us in
establishing the identity of Donald J. Lofquist.
6. RELINQUISHMENT OF ACCESS of State Highway and of light, view and air:
By Deed to: State of Washington
Recorded: November 26, 1965
Recording No.: 5958419
7. RIGHTS OF THE STATE OF WASHINGTON in and to that portion of said Premises, if any, lying in the Bed
of Green River, if it is navigable.
8. ANY QUESTION that may arise due to the shifting and changing in the course of Green River.
9. ANY PROHIBITION OR LIMITATION on the use, occupancy or improvement of the land resulting from the
rights of the public or riparian owners to use any waters which may cover the land or any part thereof.
68006 Page 4
NOTE 1:
According to the application, title is to vest in City of Kent. We find no pertinent matters of record against the
name(s) of said Party(ies).
NOTE 2:
The language contained in the printed Exclusions from coverage and Conditions and Stipulations of the Policy
committed for may be examined by inquiry at the office which issued the Commitment, and a specimen copy of the
Insurance Policy Form(s) referred to in this Commitment will be furnished promptly upon request.
NOTE 3:
Investigation should be made to determine if there are any service, installation, maintenance, or connection charges
for sewer, water, electricity or Metro Sewer Treatment Capacity Charge.
NOTE 4:
In the event this transaction fails to close, a cancellation fee will be charged for services rendered in accordance with
our schedule.
END OF SCHEDULE B
HH/by
68006 Page 5
OLD I -'-D UBLIC
* TITLE, LTD.
1201 Third Avenue, Suite 1410 Order No. •J V
Seattle, WA 98101-3095
206-625-1952 Plat Vol Page
v ) W
/ \ �"
v.
II
i
I -
Dimensions of subject premises are
This sketch does not purport to show all highways, roads, or easements affecting said property. No liability is assumed for
variations in dimensions and location, and is not based upon a survey of the propem described in this order. It is furnished
witahout charge, solely for the purpose of assisting in locating the described premises. The Company assumes no liability for
inaccuracies therein.
OLD REPUBLIC
TITLE, DTI) .
Attached Are The Copies Of The Underlying Documents
Referred To In Preliminary Commitment:
c�-�,�
1201 Third Avenue, Suite 1410 Seattle, WA 98101-3095 Ph 206-625-1952 1-800-877-5850
Fax 682-0152
t
I:?iJ rf, K'x C'vAly Rtms 00; tKk 1+.00
r
forTn 068 (Y)
1 9 5 D=p;rgmant of the Traaaury - intemal Revonua Sorvlcs
Iioiice of Federal ` c-lx Ljun Under Internal Revenue Laws
Serial Number For Opfk-""s Ua.br f*00r;"
U'r7ar �,
District
8rattle , 'WA 919322072
G
As provided by sections 6321, 6322, and 6323 of the Intern�l av onus have been
notice is given that taxes (Including Inter-eat and p� ) Cl
sssensed against the following-named taxpayer. Demand for payment of this
liability has been made, but It remaina unpold. Therefore, there is a Ilan in
1 favor of the United States on all property end rights to property belonging to
this fsxpayer for the amount of these taster, and addltional ponaltlee, C,
interest, end co5te that MAY (accrue.
Name of Taxpayer DONALD J & JOY J LOFQUIST
i t
Residence 432 E NE
BELLEVUE,; WAAC98008-4245 C
j IMPORTANT RELEASE INFORMATION: With respect to oath assessment listed C,
! below, unless notice of Ilan Is refiled by the date given in column (e), this notice
shall, on the day following such date, operate as a cart,ficste of release as defined
In IRC 8325(a). Unpaid Balw-,Co C
Tex Period Date of Last Day for of aosamartt
Kind of Tax Ended Identifying Number A"aasrnant Rattling
s c �
1040 12/31/91 538-22-4984 11 /23/92 t2/23/02
11163.38 rr ,
Ci
C
I w-1
�1
C
C
Plata of Filing
COUNTY AUDITOR Total S 11163.38
KING COUNTY
SEATTLE, WA 98104
1
WA , on this,
This notice was prepared and signed at
the
08t.h day of ()ct.ob•11t� 93
_____--
Title Branch chief
Signature , 1 !� 91-01-00n0
ror
acknawlW rr
amni, It not eIcenud to th*veltalty of Notice of Federal Tax lion
(NOTE.Cendu,e of olbcer w,norlr.a by iAw to
Form 668 (Y) (R',V.1.91)
Rey. Rut. 71168. 1971 •2 C 9.'409)
Pert 1 • Kent BY Re.cadln0 Cm1c�
I,.
::l!f'ERIOF COURT OF UASHINGTON - COUNTY OF KING
----- -. -
ADSTRACT OF JUDGMENT
r TITLE ' SECURITY PACIFIC DANK WASHINGTON VS LOFQUIST - $60, 883.57
JUDGMENT NUMBER: 92-9-11320-7
CASE NUMBER : 92-2-07159-2
t JUDGE ANNE ELLINGTON
} SIGNED DY :
DATE SIGNED: 05-07-92
DATE FILED: 05-67-92
EFFECTIVE DATE: 05-07-92 - .
to NOTE
------ _--(?RIGINAl. PARTIES TC ACTION"----- _�----------------
PLAINTIFF ! SECURITY PACIFIC RANK WANHINGTUN
DEFENDANT : LOFQUIET, DONALD J ,
AITY FOR PLA. / PETITIUNER : KAI-PEN, JOHNRFF. EPWARD
UCV ATTY FOR DEFENDANT:
�r .. -------------------------
-------JUDGMENT DEDTORE---------------
1 ---------- LCFQUIST, DONALD J - .
DEBTOR '
__-JUDGMENT CREDITORS--------------------------------------
SECURITY PACIFIC DANK WASHINGTON
-----------------ATTORNEY(S) FOR CREDITOR.'------------------ ------------
ATTY CR: MCHULLEN, LARRY EDWARD
_--__- _--------__- --•--•�- -__� AMOUNT
DAZE EXECUTION DOCKET
y - ------------------------ --------------------------------
------ --=-----
--
n n7 -�2 ! SUMMARY JUDGMENT ;
AGAINST DEBTS, DONALD J LOFQUIET AND JANE
� L UIST, H!�1 AND IN FAVOR OF PLTF,
Dn-_ 0. ,Fn
! SECURITY PACIFIC DANK WASHINGTON ; 57,500,00
i«t PRINCIPAL, i �, 7'4E1.2't
INT FROM 10/15/41 THROUGH DATC or ,1P W , A87.50
it 6T1Y FEES i 147.80
1 COST" 1
'�, •� t t i T ra 1 '''; F E R A •
WITH KING CO
AF:STf A(:T IS'Sl1ED FUR FILING COUNTY 2.00
! AUDI'QR ' S OFFICE ---------------------------
---------------------
�f
r
1
` V
s
�• t.
ASSIGNMENT
�.' KNON ALL PERSONS DY THESE PRESENTS1
�• does hQreb aeaeslp» and
That C�,nald J. Lofqulett, Aefllpnor, Y
' tr.nnf�r to glkan J. Morris, AssrlQno&, that cartai» twenty
:.:
e` percent interest owned by assignor in the reed c►sta o
c partnershl p knoarn as Kent ill. The Rssl pnor avos+s that the
only Feset of the par•trrarship is a thirteen eRcre tract of
lend on the Green Ri yer RdJacOnt to the City of Kent,
County of King, State of lrasrh- ngfon nor &n� debthegioinsttthe there
is no debt dgjinst the ,pr'a� Y
� Y ► sAJ r:stata parinawrhlp.
This assignment is for the purpose of securing payment by
ti the assignor to the Assigne w of the sum of Fifty—five
Thousand Red no/100 Dollars IS 55,, OOOJ �i t»otatofeav�nidate �!
~ 1 accordance with the terms o f a p Y
payable to the Asscigree or order and r-Yards by that Assignor.
Upn erotlnrac:tirn by Aeaalgnor• of the ob1lpA+lQn see'urard by
this ;ssip»,Meet, Assignee $hall return this assignMR-rt ernd t
: a srid asslgnrrent shall then be null and void.
W ent of the
[�- Should there be deferul t by assignor !n pay-r
indebtedness secured by this assignment, all s.unrs secured
i �- hereby shall iMnrediately become d(+r and payable at the
� option of the Assipnve. In such cvgnt and upon written
w
t act' request oil Rersignee, n5signor' shaill cause thin 0411P or, the
® twenty percent property interest and remit the proceeds of
said !.ale to the extent needed to satisfy then payment of
" principal, interest and attorneys fees due Assignee as
r-esul t of the defaul t.
it of,
This Rssignnrent applies to, a�tie?4 herr�to,u�es to the bbutfc+n their
!s bindlnp nOt only on the p
_ f,t�irA, dcvisr•ca, logatelvar oxecutor^s►
successors and assigns• The term Assignee shall mean the
holder Of the note secured hereby, whether or not rained as
assignee her•eir„
® Dated this Twelfth Day of February,L-41
AasignorlDLn e!
STRTE OF NRSNINGTON
g COUNTY OF KING rf! •��rtsr'�'.
f7c-r'���na11 y appeared
On this day brfor n n+M Dana.ld
Lofquint to mp known to . be► the Individual described
n and
d that her
who ?x&CUted_ the within lrstrunrent an acknoraledged
_ slat�cd the same as his free and voluntary act and deed, for
-L the uses and ��
pur-pses herein mentioned.
Signed and sworn to bel'or•e ere th ' I3� day of February,
N,,ta Public in and for then ate of
F4ashingt0n, residing at
./ ._. �'-i•.. ,, J,� r'`i!,".�n ;-tyV- - •J-r \.Y.f'4✓:�sJ..--t'�•:?.r 4.��. .•,1+r V�31i_ _.. y
f zNG SUPERIOR, COURT - AP�TRAC1 OF jUDGhENT 92-9-11 �20-7 PAGE 2
K
i DICE NICHELS, CLERK OF THE SUPERlop COURT IN AND FOR KING l'
I , N :
ii TY , STATE OF WASNINGTON, DO HEREBY CERTIFY THE
OVE IS A
COUNTY ,
D , ACTION _AS FULL,
�P�.
1 E AND CORPECT ABSTRACT OF JUDGiiEi1T
THE SAME AFFEARS OF RECORD IN MY OFFICE. 11FE �UR �,plJK1' AT hY RFFZCC IN
Wt1NCSS MY HAND AND THE SEAL OF THE "AIDS R
_'EA7TLE, THI5 10•(H DAY OF JUNE, 1992.
SUP
CO RT :CLERK f�
H, JANICE HIC rc:I
BY
CLE
1;',Jjy.
It S
Ln
Ln
CD
all
It l
.R
TILED for Record at Re ►est Qi
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