HomeMy WebLinkAboutLW12-213 - Amendment - Curtis Lang Homes, Inc. - Ramstead Point Short Plat Settlement Statement - 10/24/2012 Form 34 ®Copyright 2010
Addendum/Amendment to P&S Northwest Multiple Listing Service
Rev 7110 ALL RIGHTS RESERVED
Page 1 of 1 ADDENDUM/AMENDMENT TO PURCHASE AND SALE AGREEMENT
The following is part of the Purchase and Sale Agreement dated 5/30/2012 1
between Curtis Lang Custom Homes. INC ("Buyer")2
and City Of Kent ("Seller")3
concerning 322205-9025, 9194, 9213, 9214, 9215, 9216, 9217, 9218 (the"Property").4
IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5
The $10,000 00 Earnest Money will be applied to the closing price at a rate of 8
$1,500.00 per lot until 100% of the Earnest Money has been applied. 7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
ALL OTHER TERMS AND CONDITIONS of said Agreement remain unchanged. 31
Initials: BUYER: Date:(0(23 I L SELLER: Date.�o a 3 a-
BUYER: Date: SELLER: Date:
OMB No 2502-0265
ESTIMATED B TYPE OF LOAN
A SETTLEMENT STATEMENT (HUD-1) 1 ❑ FHA 2 ❑ FHMA 3 L:1 CONV UNINS
gar `���r■■■■II'"ey y 4 VA 5 CONV INS
6 FILE NUMBER 7 LOAN NUMBER
u 25201-MH RC80989
8 MORTGAGE INS CASE NO
C NOTE This form is furnished to give you a statement of actual settlement costs Amounts paid to and by the settlement agent are shown Items
marked"(p o c)"were paid outside the closing they are shown here for informational purposes and are not included in the totals
D NAME&ADDRESS Curtis Lang Custom Homes,Inc
OF BORROWER 27203 216th Avenue SE 45 Maple Valley WA 98038
E, NAME&ADDRESS City of Kent
OF SELLER 220-4th Ave So,Kent,WA 98032
F NAME&ADDRESS HomeStreet Bank
OF LENDER 3315 S 23rd,Tacoma,WA 98405
G PROPERTY LOCATION Lots 1 &2 City Of Kent SP NO 2002-23 Kent WA
H. SETTLEMENT AGENT Residential Escrow,Inc
PLACE OF SETTLEMENT 24909 104th Ave SE#100A Kent WA 99030(253)859-5777
1 SETTLEMENT DATE 10/24/2012
J. Summary of Borrower's Transaction K Summary of Seller's Transaction
100.Gross Amount Due From Borrower: 400. Gross Amount Due To Seller.
101 Contract sales price 401 Contract sales price 200.00000
102 Personal property 402 Personal property
103 Settlement charges to borrower (line 1400) 403
104 404
105 -- 405
Adjustments For Items Paid By Seller In Advance: Ad i ustments For Items Paid By Seller In Advance:
106 City/town tares to 406 City/town taxes to
107 County taxes to 407 County taxes to
108 Assessments to 408 Assessments to
109 409 Lott Prop Tax 10/24/2012to 1/01/2013 228
110 410 Lott Prop Tax 10/24/2012to 1/01/2013 228
111 411
112 412
113 413
114 414
115 415
116 416
120.Gross Amount Due From Borrower: 420 Gross Amount Due To Seller: 200,004 56
200.Amounts Paid By Or In Behalf Of Borrower: 500.Redu tions In Amount Due To Seller:
201 Deposit or earnest money 501 Excess deposit(see instructions)
202 Principal amount of new loan(s) 502 Settlement charges to seller(line 1400) 1,47825
203 Existing loan(s)taken subject to 503 Existing loan(s)taken subject to
204 504 Payotf Ist Mtg Ln
205 505 Payoff 2nd Mtg Ln
206 506
207 507
208 508
209 509
Adjustments For Items Unpaid By Seller: Adjustments For Items Unpaid By Seller:
210 City/town taxes to 510 City/town taxes to
211 County taxes to 511 County taxes to
212 Assessments to 512 Assessments to
213 513
214 514
215 515
216 516
217 517
218 518
219 519
220.Total Paid By/For 520. Total Reductions 1,47825
Borrower: In Amount Due Seller:
300.Cash At Settlement From/To Borrower. 600 Cash At Settlement From/To Seller:
301 Gross amount due from borrower(line 120) 601 Gross amount due to seller(line 420) 200,00456
302 Less amount paid by/for borrower(I me 220) 602 Less reductions in amount due seller(line 520) 1,47825
303.Cash ( FROM) d TO) Borrower: 000 603 Cash (*O) (_]FROM) Seller: 198,526 31
Previous Fdnion Is Obsolete SB-4-3538-000-1
Form No 1581 HUD-1 (3-86)
3/86 Pagel of 3 RESPA,HB 4305 2
L. SETTLEMENT CHARGES Escrow 25201-MH
700.Total Sales/Broker's Commission Paid From Paid From
Based On Price $ %= Borrower's Seller's
Division of Commission Im 70 As Follows: Funds Funds
At At
Settlement Settlement
702 to
703 Commission paid at settlement
704
Lj
jy'h'e In Connection With Loan,
801 Loan On oration fee
802 Loan Discount %
803 AnDiaisal fee to
804 Credit report to —
805 Lender's inspection lee _
806 Mort a e insurance application fee t
807 Assumption fee
808
809
810
811
812
813
814
815
816
817
818
819
820
821
900, Items Regnered By Leader To Be Paid In Advanre.*
901 Interest from to /da 0 days)
902 Mortgage insurance premium for mo to
903 Hazard insurance premium for yrs to
904 Flood insurance premium for yrs to
905 -
906
ECSC[Xes Depogited With Lender,
1001 Hazard insurance 0 months a 0 00 i2er month
1002 Mortgage insurance 0 months t(i $ 0 00 per month
1003 City roe taxes 0 months @ S 0 00 per month
1004 County property taxes 0 months @$ 0 00 per month
1005 Annual assessments 0 months @$ 0 00 per month
1006 Flood insurance 0 months DS 0 00 per month
1007 0 months $ 0 Offer month
1008 A re ate Ad ustment
1009
1 101 Settlement or closing fee to Residential Escrow Inc 492 75
1 102 Abstract or title search to
1103 Title examination to
1104 Title insurance binder to
1105 Document preparation to
1106 Notary fees to
1107 Attorney's fees to
(includes above item Numbers: )
1108 Title insurance to First American Title
(includes above item Numbers. ) 98550
1 109 Lender's coverage
1 1 10 Owner's covera e 200 000 00 Premium 900 00 Tax 85 50
1111
1112
1113
1114
1201 Recording fees Deed S 000 Mort a e 000 Releases 000
1202 City/county tax/stains Deed S 000 Mortgaize S 000
1203 State tax/Stamps Deed S 000 Mortgage 000
1204
1205
1300, Additional Settlement Charpes,
1301 Survey to
1302 Pest inspection to
1303
1304
1305
1306
1307
1308
Enter online 103Section J-and-line 501 Section K 1 478 25
Form No 1582 Page 2 of SB-4-3538-000-1
SELLER'S AND/OR BORROWER'S STATEMENT Escrow 25201-MH
I have carefully reviewed the I IUD-I Settlement Statement and to the best of my knowledge and belief,it is a true and accurate statement of all receipts and
disbursements made on my account or by ine in this transaction I further certify that I have received a copy of the HUD-I Settlement Statement.
Borrowers/Purchasers Sellers
City of Kent
By
zett o ,Mayor
The HUD-1 Settl ent Stat ent which I have prepared is a true and accurate account of this transaction 1 have caused or will cause the funds to be
disbursed in accord ce v4jit t is statement
Settlement Agent- ` � Date
MariI Ilovey Residential , crow, Inc
WARNING: It is a crime to knm mgly make false statements to the United Stales on this or any other similar form Penalties upon conviction can include a
fine or imprisonment I'm details see I ide 18 U S Code Section 1001 and Section 1010
Page 3 of 3
After recording return to-
Curtis Lang Custom Homes, Inc
27203 216th Avenue SE #5
Maple Valley, WA 98038
Statutory Warranty Deed
THE. GRANTOR City of Kent, a Municipal Corporation for and in consideration of TEN DOLLARS AND
OTHER GOOD AND VALUABLE CONSIDERATION in hand paid, conveys and warrants to Curtis Lang
Custom Homes, inc., a Washington Corporation the following described real estate, situated to the County of
King, State of Washington
Tax Parcel Number(s) 322205-9025-03,322205-9194-08
Abbreviated Legal Lis 1-2 Kent SP 2002-23,92005062700008
Parcel A-
Lots 1 and 2 City of Kent Short Plat No SP-2002-23,recorded June 27,2005 under Recording Number
2005062700008,records of King County, Washington.
Parcel B
A non-exclusive easement for private road as delineated on the said Short Plat No 2002-23.
SUBJECT TO: 1) Easement for electric transmission, Rec No 4654765,2)Petition for Annexation and
Declaration of Covenant, Rec No 9105140559, 3) Easement for ingress,egress and utilities, Rec No
20000526001392, 4)Terms, covenants, conditions and restrictions contained in Lot Line Adjustment(Boundary
Line Revision), Rec No 20001023001133, 5) Easement for electric transmission, Rec No 20010918001488, 6)
Easement for ingress, egress and utilities, Rec No 20040402001661,7)Declaration of Covenants and
Restrictions for Weiland Areas of 272nd/277th North Corridor Project, Rec No 20040923001909; 8)Declaration
of Stormwater Facility Maintenance Covenant, Rec No 20050525001020, which is a re-record of
20040917001698, 9)Any and all offers of dedication,conditions,restrictions, easements, fence line/boundary
discrepancies, notes and/or provisions as disclosed by
City of Kent Short Plat No SP-2002-23, Rec No 20050627900008
Dated October 19, 2012
City t ,
1�
y SYZCooke, Mayor
STATE OF Washington }
COUNTY OF King } SS:
i certify that I know or have satisfactory evidence that Suzette Cooke
is/are the person(s)who appeared before
me, and said person(s)acknowledge that she signed this instrument,on oath stated she
is/are author ized to execute the instrument and acknowledge that as the
Mayor of City of Kent
to be the fr`e` w itl t of such party(res)for the uses and purposes mentioned in this instrument.
Dated � 1�`5 �"¢n,'�i ��i l0 23 I I—
I A . I�RI�
AJ is b a'. • i (
/��/l/✓`
y (0 W C' 03
O�
Lo 1; i��� + : Notary Public in and for the State of Washington
so`a aeac_ Res+dmg at 0EL' Nw �, XA)h,
6'TON \`� My appointment expires Z1 let 11 ¢
LPB
I
ram na Keopplen12010
AWWondmnfAnnunln oto to 11811 Nodlr:dlsl I.Ioolloo I lJolol Sulvlca
Rog,r/to ALI t11011T3 firsrRV6D
Pogo I of I
ADDENDUM I AMC•NUh1ENT TO PURCHASE AND SA(.L AGli[:GMI:N'r
Tho following In part of Iho Purchaso and Snln Agroomtnil dolor) 5/30/2017
bolwoon Cairns Lpng(;uslum ( 1111yor')7.
and . Cdly_af Ketll_-
concnrning .57,7.1.DK:a02Sr91)J921 J,fJ71 1,9),I SI92((,9217,921tt — (1110"Pfoporty")
H IS AGRUED Uf-TWFI°N THE SFLI rR AND BUYER AS f'01J OWS: G
Seller to add roll Iegal deserlpllon 0
Seiler In nullntnlu the pl'icnte road and rh'uhmge 1`110110'until the I I0A Is frouirerred It)the buyer. 7
Sutler 11)Innlnlidu the ball sarince and casement until the 110A Is linnsfel tell to the buyer, 0
City or(caul Is responsible for nulbllcnhuce or the sensllit u inin lrnets S: their Impinvemcnls 0
Seller In provide site lopni mphy,Rev loctllall5 and I)Dlllldltt')'surrey ns IiValhtble IIIlldn the first 30 IDlps• 10
Seller to have file(),out lot corurrs planed and side unit rear lot corawe Malted wilhln 30 ditys. 11
Seller In assist the buyer In comilhanling"Ub the vm loos(Ally depnrliueul5 to obtain Ilia necessary 12
tlocuunenhlllou rm'lot purchase and 1101110 coils fraction(including but 1101 Ibulled In ns•bulll phans,casement 15
n0icemenls,ipidall opldon5,sprinlcfer I liquh'euicnts If any), 14
Seller to order and pi orlde a cut I cut Idle rupwi and all tafuronued docum0uls a lIldn IS days. 10
Moyer will be nlloued In ram Icet the houses once Mils nit:cement Is inumnlly,ncceplcll, 10
Tie sale cnnsbls ors him,but dih sale also Includes the pi We rood ('1't nut C)and n pi Ivnle drubinge fbcllig' 17
(l1 act I{)I%hich and be owned by the 110A,
Buyer In delc n lue CCRas for Ilse plat and will act as the"declaruut" mid will eslnblish lie 110A Irllhln 11I 10
days of closing the hill 3 lots.
1�
Buyer It III deNi mine the ih11e In Wileh to Iransfel the 110A lD the IIDIIIUDII'lll'1's, 20
Seller to bnnsfer'l'roels C& H In (lie 110A once the 110A Is created, 21
Closing: J p 22
Uuym'lu close 2to is or On cbnlee trilhln 30 days or end orsuccessruI rellsiblifIy study. �)� 1 nib fJE f;G&S J
And Slots ItIddii 120 Qi arend orsavvessrui ren5lhllilysillay, 24
And 11nn13 Inds althin in days ofepd ofsuccesuni renslblllly aWy, 0/ /1>"20 to/�3�
Seleullnn or lot cioshlg In be of the sole discrellun of the buyei, 20
lisermy volume d1wounl roles npplles In buyer ul closing. 2'
n
U1)u11 slgnulure I'roiu the 1111iyor ul'Kent to thh ugreeinvid,the Keel CRY Council Shall have 30 tinys to 20
npprnl a Ore side, The rll'erllle little of II1h'purchuse 1111d sale Is contingent upoli Bach oppl oral. Far the 30
purposes ol'cmnpu:ing Ibne,WII thaelluc+fit :his Agreeun'nl%hall begin on fill'date III such %%'i Illell approval 31
I'lnm the Council,
l
InIIIDIs' BUYER. Oalo: _�/Z'70 S"CLLER:,-v�i Data, �v_'�7 i r
BUYER:_ __ _ Dato: _ SLLL CR: Data: _-_-._--
R Residential Escrow, Inc.
E24909 104th Ave SE#IOOA • Kent, WA 98030
(253)859-5777 or(425)451-4309 FAX (253) 859-0375
CERTIFICATION OF LEGAL DESCRIPTION
Escrow #25201-MH
Property Address: Lots I & 2 City Of Kent SP NO 2002-23
Kent, WA
I/We certify that we have examined the legal description below and approve it to be the correct
legal description for use in our transaction, whose common address is listed above.
LEGAL DESCRIPTION:
Abbreviated Legal- Lts 1-2 Kent SP 2002-23,#2005062700008
Parcel A.
Lots 1 and 2 City of Kent Short Plat No. SP-2002-23,recorded June 27,2005 under Recording Number
2005062700008,records of King County, Washington.
Parcel B
A non-exclusive easement for private road as delineated on the said Short Plat No 2002-23.
SUBJECT TO. 1)Easement for electric transmission, Rec No 4654765;2)Petition for Annexation and Declaration
of Covenant, Rec No 9105140559, 3) Easement for ingress, egress and utilities,Rec No 20000526001392, 4)
Terms, covenants, conditions and restrictions contained in Lot Line Adjustment(Boundary Line Revision), Rec No
2000 1 02300 1 1 33; 5) Easement for electric transmission, Rec No 20010918001488;6)Easement for ingress, egress
and utilities, Rec No 20040402001661,7) Declaration of Covenants and Restrictions for Wetland Areas of
272nd/277th North Corridor Project, Rec No 20040923001909; 8) Declaration of Stormwater Facility Maintenance
Covenant, Rec No 20050525001020,which is a re-record of 20040917001698, 9)Any and all offers of dedication,
conditions, restrictions,easements, fence linelboundary discrepancies,notes and/or provisions as disclosed by
City of Kent Short Plat No. SP-2002-23, Rec No 20050627900008.
BUYER- SELLER:
Curtis Lang Custom Homes, Inc City of
By. Curtis M Lang, Piesident By 77C , Mayor
Date: Date 07 3
R Residential Escrow, Inc.
E24909 104th Ave SE#IOOA • Kent, WA 98030
(253) 859-5777 or(425)451-4309 FAX (253) 859-0375
Escrow File No.:25201-NM
Title Order No 4209-1971041
Purchasers(s): Curtis Lang Custom Homes,Inc.
Seller(s). City of Kent
CLOSING AGREEMENT AND ESCROW INSTRUCTIONS
For Purchase and Sale Transaction
The undersigned buyer and seller(referred to herein as "the parties")hereby designate and appoint
Residential Escrow, Inc.
(referred to herein as "the closing agent")to act as their closing and escrow agent according to the following agreements and
instructions
IT IS AGREED, AND THE CLOSING AGENT iS INSTRUCTED,AS FOLLOWS:
Terms of Sale. The terms and conditions of the transaction which is the subject of these instructions (referred to herein as
"the transaction") are set forth in the parties' Purchase and Sale Agreement, Earnest Money Agreement, or other written agreement,
and any attachments,amendments or addenda to that agreement(referred to herein as "the parties' agreement"),which is made a part of
these instructions by this reference. Any changes to the parties' agreement will be made a part of these instructions, without further
reference, when signed by the parties and delivered to the closing agent. These instructions are not intended to amend, modify or
supersede the terms and conditions of the parties'agreement and if there is any conflict or inconsistency between these instructions and
the parties'agreement,the terms and conditions of the parties'agreement shall control.
Description of Real Property. The real property which is the subject of the transaction(referred to herein as "the property")
is identified in the parties' agreement The documents required to close the transaction must contain the "legal description" of the
property If the parties' agreement does not yet contain the correct legal description, the parties or the real estate agent shall obtain an
addendum setting forth the legal description as soon as possible and deliver it to the closing agent
Closing Date. The date on which the documents required to close the transaction are filed for record (referred to herein as
"the closing date") shall be on or before the date for closing of the transaction specified in the parties' agreement or in an addendum
extending that date.
Documents. The closing agent is instructed to select, prepare, complete,correct, receive,hold,record and deliver documents
as necessary to close the transaction The closing agent may request that certain documents be prepared or obtained by the parties or
their attorneys, in which case the parties shall deliver the requested documents to the closing agent before the closing date. Execution
of any document will be considered approval of its form and contents by each party signing such document.
Deposits and Disbursement of Funds. Before the closing date, each party shall deposit with the closing agent all funds
required to be paid by such party to close the transaction, less any earnest money previously deposited with the real estate agent. The
closing agent is authorized, but not required, to consider a lending institution's written commitment to deposit funds as the equivalent
of a deposit of such funds, if all conditions of the commitment will be met on or before the closing date All funds received by the
closing agent shall be deposited in a trust account with any bank doing business in the State of Washington and may be transferred to
any other such accounts The closing agent shall not be required to disburse any funds deposited by check or draft until it has been
advised by its bank that such check or draft has been honored All disbursements shall be made by the closing agent check.
Settlement Statement. The closing agent is instructed to prepare a settlement statement showing all funds deposited for the
account of each of the parties and the proposed disbursements from such funds No funds shall be disbursed until the parties have
examined and approved the settlement statement Some items may be estimated, and the final amount of each estimated item will be
adjusted to the exact amount required to be paid at the time of disbursement The settlement statement will be subject to audit and any
errors or omissions may be corrected at any time If any monetary error is found, the amount will be immediately paid by the party
liable for such payment to the party entitled to receive it
Prorations. Adjustments or pro-rations of real estate taxes,and other charges if any,shall be made on a per-diem basis using
a 365 day year, unless the closing agent is otherwise instructed
Title Insurance. The closing agent is instructed to obtain and forward to the parties a preliminary commitment for title
insurance on the property and on any other parcel of real property that will be used to secure payment of any obligation created in the
transaction (referred to herein as "the title report") The closing agent is authorized to rely on the title report in the performance of its
duties and shall have no responsibility or liability for any title defects or encumbrances which are not disclosed in the title report.
Verification of Existing Encumbrances. The closing agent is instructed to request a written statement from the holder of
each existing encumbrance on the property, verifying its status, terms, balance owing and, if it will not be removed at closing, the
requirements that must be met to obtain a waiver of any due-on-sale provision The closing agent is authorized to rely upon such
written statements in the performance of its duties,without liability or responsibility for their accuracy or completeness
Instructions From Third Parties. If any written instructions necessary to close the transaction according to the parties'
agreement are given to the closing agent by anyone other than the parties or their attorneys, including but not limited to lenders, such
instructions are accepted and agreed to by the parties.
Disclosure of information to Third Parties. The closing agent is authorized to furnish,upon request, copies of any closing
documents, agreements or instructions concerning the transaction to the parties'attorneys,and to any real estate agent, lender or title
Page 1 of 5
insurance company involved in the transaction Other papers or documents containing personal or financial information concerning
any party may not be released to anyone other than the party's attorney or lender,without prior written approval.
Potential Legal Problems. if the closing agent becomes aware of any facts, circumstances or potential problems which in
the closing agent's opinion should be reviewed by any of the parties' attorneys,the closing agent is authorized, in its sole discretion,to
advise the parties of such facts, circumstances or potential problems and recommend that legal counsel be sought.
Closing Agent's Fees and Expenses. The closing agent's fee is intended as compensation for the services set forth in these
instructions If additional services are required to comply with any change or addition to the parties' agreement or these instructions, or
as a result of any parry's assignment of interest or delay in performance, the parties agree to pay a reasonable additional fee for such
services The parties shall also reimburse the closing agent for any out-of-pocket costs and expenses incurred by it under these
instructions. The closing agents fees, costs and expenses shall be due and payable on the closing date or other termination of the
closing agent's duties and responsibilities under these instructions, and shall be paid one-half by the buyer and one-half by the seller
unless otherwise provided in the parties' agreement
Cancellation. These instructions may be canceled by a written agreement, signed by all of the parties, and payment of the
closing agent's fees, costs and expenses Upon receipt of such agreement and payment, the closing agent shall return any money or
documents then held by it to the parties that deposited the same, and shall have no further duties or responsibilities under these
instructions
Inability to Comply With instructions. if the closing agent receives conflicting instructions or determines, for any reason,
that it cannot comply with these instructions by the date for closing specified in the parties' agreement or in any written extension of
that date, it shall notify the parties, request further instructions, and in its discretion. (1) continue to perform its duties and close the
transaction as soon as possible after receiving further instructions, or (2) if no conflicting instructions have been received, return any
money or documents then held by it to the parties that deposited the same, less any fees and expenses chargeable to such party, or(3)
commence a court action, deposit the money and documents held by it into the registry of the court, and ask the court to determine the
rights of the parties When the money and documents have been returned to the parties or deposited into the registry of the court,the
closing agent shall have no further duties or responsibilities under these instructions
Disputes. Should any dispute arise between the parties, or any of them, and/or any other party, concerning the property or
funds involved in the transaction, the closing agent may, in its sole discretion, hold all documents and funds in their existing status
pending resolution of the dispute, or join or commence a court action, deposit the money and documents held by it with the court,and
ask the court to determine the rights of the parties Upon depositing said funds and documents with the court,the closing agent shall
have no further duties or responsibilities under these instructions The parties jointly and severally agree to pay the closing agent's
costs, expenses and reasonable attorney's fees incurred in any lawsuit arising out of or in connection with the transaction or these
instructions,whether such lawsuit is instituted by the closing agent,the parties, or any other person
Notices. Any notice, declaration or request made under these instructions shall be in writing,signed by the party giving such
notice or making such declaration or request, and personally delivered or mailed to the closing agent and other parties at their
addresses set forth in these instructions.
Amendments. Any amendment, addition or supplement to these instructions must be in writing, signed by the appropriate
parties and delivered to the closing agent
Counterparts. These instructions may be executed in one or more counterparts with like effect as if all signatures appeared
on one copy
Effect. These instructions shall bind and benefit the parties,the closing agent, and their successors in interest.
Definitions. When used herein or in any amendment,addition or supplement hereto, words and phrases are defined and are
to be construed as follows
The words "buyer" and "seller" refer to all persons and entities identified as such by their signatures on this document,jointly
and severally unless otherwise indicated, and shall be construed interchangeably with other similar terms such as "purchaser",
"vendee", "vendor", "grantee" or "grantor" as may be appropriate in the context and circumstances to which such words apply.
The word "lender" refers to any lending institution or other party, including the seller if appropriate, that has agreed to
provide all or part of the financing for the transaction or to which the buyer has made a loan application.
The phrase "these instructions" refers to the agreements, instructions and provisions set forth in this document and all
amendments, additions and supplements to this document
The phrase "the property" refers to the real property identified in the parties agreement, including any other parcel of real
property that will be used to secure payment of any obligation created in the transaction, and does not include any items of personal
property unless otherwise specifically stated in these instructions.
The phrase "outside of escrow" refers to any duty, obligation or other matter which is the sole responsibility of the parties or
of any party,and for which the closing agent shall have no responsibility or liability.
In these instructions,singular and plural words, and masculine,feminine and neuter words,shall be construed interchangeably as may
be appropriate in the context and circumstances to which such words apply
Page 2 of 5
MATTERS,TO BE COMPLETED BY THE BUYER AND SELLER
IMPORTANT-READ CAREFULLY
The following items must be completed by the parties, outside of escrow, and are not part of the closing agents' duties under these
instructions.
Disclosures, inspection and Approval of the Property. Any required disclosures concerning the property,or inspections or
approvals of the property or of improvements, additions or repairs to the property will be arranged and completed by the parties,
outside of escrow. The closing agent shall have no liability with respect to the accuracy of any disclosures made, or for the physical
condition of the property, or any buildings, improvements, plumbing, heating, cooling, electrical, septic or other systems on the
property, and no responsibility to inspect the property, or to otherwise determine or disclose its physical condition, or to determine
whether any required disclosures have been made, or whether any required improvements,additions or repairs have been satisfactorily
completed.
Personal Property. Any required inspections, approvals or transfers of possession of any owned or leased fixtures,
equipment or other items of personal property included in the transaction, and payment of any personal property, sales or use taxes,
will be completed by the parties outside of escrow. Unless otherwise instructed, the closing agent shall have no responsibility with
respect to such personal property and shall not be required to determine the status or condition of the title to, encumbrances upon,
ownership, or physical condition of such personal property, nor to calculate, pro-rate, collect, prepare returns for or pay any personal
property tax,sales tax or use tax arising from the transaction
Utilities. All orders, cancellations, transfers, payments and adjustment of accounts for water, sewer, garbage collection,
electricity,gas, fuel oil, telephone,television cable and any other utilities or public services will be completed by the parties outside of
escrow. Unless otherwise instructed,the closing agent shall have no responsibility to determine,collect,pay,prorate or adjust charges
for installation or service for any utilities or public services,except to pro-rate existing recurrent assessments for public improvements,
if any, which appear on the title report
Fire or Casualty Insurance. if a new policy of fire, hazard or casualty insurance on the property is necessary to close the
transaction, the buyer will arrange for the policy to be issued, outside of escrow, and will provide evidence of the required insurance
coverage to the closing agent before the closing date Unless otherwise instructed, the closing agent shall have no responsibility to
contract for or obtain any policy of fire, hazard or casualty insurance on the property,or any assignment of such policy
Possession of the Property. The transfer of possession of the property shall be arranged directly between the parties outside
of escrow and shall not be the responsibility of the closing agent
Collection Account. If any financing for the transaction will be provided by a private party,the parties are advised to open a
collection account at a financial institution to receive and disburse payments to be made under the private promissory note or contract.
The collection account shall be established by the parties outside of escrow and shall not be the responsibility of the closing agent.
Payment of Omitted Taxes. If any additional real property taxes are assessed for recent improvements made to the property
and not added to the tax rolls before the closing date, the parties shall pay their respective shares of such omitted taxes, pro-rated as of
the closing date, within 30 days after receipt of notification that such taxes have been assessed. The closing agent shall not be
responsible or Fable for any assessment, collection or payment of omitted taxes.
Individual Taxes. The parties are advised to consult with their attorneys to determine whether they must report income,
deduct expenses or losses, or withhold or pay any income or business taxes as a result of the transaction. The closing agent shall have
no responsibility for the parties' individual tax consequences arising from the transaction
Foreign investment in Real Property Tax Act. if any seller is, or may be, a non-resident alien or a foreign corporation,
partnership, trust or estate for the purposes of United States income taxation, the parties are advised to consult with their attorneys
before the closing date to determine their responsibilities and liabilities, if any,under the Foreign Investment in Real Property Tax Act
(Section 1445 et seq. of the Internal Revenue Code) The closing agent is not required to verify the nationality or foreign status of any
of the sellers, or to withhold,report or pay any amounts due under such act
Approvals and Permits. The parties are advised to consult with their attorneys to determine whether any building, zoning,
subdivision, septic system, or other construction or land use permits or approvals will be required, either before or after the closing
date. The closing agent shall have no responsibility with respect to any such permit or approval, and shall have no liability arising
from the failure of any party to obtain,or from the refusal of any governmental authority to grant, any such permit or approval.
Compliance With Certain Laws. The parties are advised to consult with their attorneys to determine their rights and
responsibilities, if any, with respect to disclosures concerning the condition of the property, or under the Consumer Protection Act,
Truth-in-Lending Act, Interstate Land Sales Act or other similar laws The closing agent shall have no responsibility for disclosures
concerning the condition of the property,or for the parties compliance,nor any liability arising from the failure of any party to comply,
with any such requirement or law
Additional Agreements, Instructions and Disclosures:
NOTICE TO PARTIES
The services of the closing agent under these instructions will be performed by a person certified as a Limited Practice Officer
under the Admission to Practice Rule 12, adopted by the Washington State Supreme Court. Under that rule,Limited Practice Officers
may only select,prepare and complete certain documents on forms which have been approved for their use. The specific documents
prepared are. See Attached Exhibit "A".
You are further advised that.
Page 3 of 5
THE LIMITED PRACTICE OFFICER IS NOT ACTING AS THE ADVOCATE OR REPRESENTATIVE OF
EITHER(OR ANY)OF THE PARTIES.
THE DOCUMENTS PREPARED BY THE LIMITED PRACTICE OFFICER WILL EFFECT THE LEGAL
RIGHTS OF THE PARTIES
THE PARTIES' INTERESTS IN THE DOCUMENT MAY DIFFER.
THE PARTIES HAVE.THE, RIGHT TO BE REPRESENTED BY LAWYERS OF THEIR OWN SELECTION.
THE LIMITED PRACTICE OFFICER CANNOT GIVE LEGAL ADVICE AS TO THE MANNER IN WHICH THE
DOCUMENTS AFFECT THE PARTIES.
BY SIGNING THF,SE INSTRUCTIONS, EACH PARTY ACKNOWLEDGES:
1 have been specifically informed that the closing agent is forbidden by law from offering any advice concerning the
merits of the transaction or the documents that will be used to close the transaction.
The closing agent has not offered any legal advice or referred me to any named attorney, but has clearly requested
that I seek legal counsel if I have any doubt concerning the transaction or these instructions.
I have had adequate time and opportunity to read and understand these instructions and all other existing documents
referred to in these instructions.
BUYERS:
Curtis Lang Custom Homes,Inc
By Curtis M Lang, President
Buyer's Mailing Address:
27203 216th Avenue SE#5
Maple Valley, WA 98038
Home Phone:
Work Phone. (425)432-3284
SELLERS:
City o
Suze a coke, Mayor
Seller's Mailing Address:
220-4th Ave.So
Kent, WA 98032
Home Phone:
Work Phone:
Accet`
By
Marilyn Hovey
Page 4 of 5
EXHIBIT "A"
ESCROW FILE NO.: 25201-MH Limited Practice Officer: Marilyn Hovey
TITLE FILE NO.: 4209-1971041 LPO NO.: 316
PURCHASER(S): Curtis Lang Custom Homes, Inc.
SELLER(S): City of Kent
LIMITED PRACTICE BOARD FORMS
SECTION 1: MORTGAGE LENDING DOCUMENTS
X All documents approved and designed for use by the Secondary Mortgage Market, ircluding Notes,
Deeds of Trust, and Riders. The Secondary Mortgage Market is defined as federally related institutions such as FNMA,FHLMC and
GNMA, except Regulation "Z".
SECTION 2: ESCROW DOCUMENTATION
X LPB No. 10 Statutory Warranty Deed
LPB No. I 1 Statutory Warranty Deed(Fulfillment of REC)
LPB No 12 Quitclaim Deed
LPB No. 13 Seller's Assignment of Contract and Deed
LPB No. 14 Purchaser's Assignment of Contract and Deed
LPB No. 15 Bargain and Sale Deed
LPB No 20 Deed of Trust(Short Form)
LPB No 21 Assignment of Deed of Trust
LPB No. 22 Deed of Trust(Long Form)
LPB No 22A Deed of Trust(Amended Long Form)
LPB No 23 Request for Full Reconveyance
LPB No.24 Request for Partial Reconveyance
LPB No 25 Promissory Note-Monthly Installments
LPB No, 26 Promissory Note- Interest Included- Due Date
LPB No 27 Promissory Note-Interest Extra
LPB No.28 Promissory Note-Straight
LPB No. 28A Promissory Note
LPB No 29 Request for Notice
LPB No 30 Bill of Sale
LPB No 35 Subordination Agreement
LPB No.44 Real Estate Contract(Short Form)
LPB No 45 Real Estate Contract(Long Form)
LPB No 50 Mortgage(Statutory Form)
LPB No. 51 Satisfaction of Mortgage
LPB No 52 Partial Release of Mortgage
LPB No 60 Satisfaction of Lien
LPB No. 61 Partial Release of Lien
LPB No 62 Satisfaction of Judgment
LPB No 63 Partial Release of Judgment
LPB No 64 Waiver of Lien
LPB No 65 Partial Waver of Lien
LPB No. 70 Special Power of Attorney(Sale)
LPB No.71 Special Power of Attorney(Purchase/Fneumber)
SECTION 3: U.C.C. FORMS
X All U C.0 filing forms including Security Agreement Forms with the exception of:
WBA UCC 2
UCC 4
UCC 5
SECTION 4: EXCISE TAX AFFIDAVIT FORMS
X Real Estate Excise Tax Affidavit
Department of Licensing Forms
SECTION 5 FARMERS HOME ADMINISTRATION FORMS
All documents approved and designated for use by the United States Department of Agriculture
Farmers Home Administration in connection with closing a FmHA on residential property.
INITIALS:
Purchaser eller
R Residential Escrow, Inc.
E24909 104th Ave SE 91 OOA • Kent, WA 98030
(253) 859-5777 or(425)451-4309 FAX (253) 859-0375
Escrow File No •25201-MH
Title Order No . 4209-1971041
Purchaser(s)• Curtis Lang Custom Homes, inc.
Seller(s): City of Kent
Supplement To
AGREEMENT AND ESCROW INSTRUCTIONS
For Purchase and Sale Transaction
Including Instructions to Record Documents and Disburse Funds
This is a part of the Closing Agreement and Escrow Instructions signed by the parties under the Closing Agent's escrow file
number set forth above Except as expressly modified, changed or amended by this supplement, all terms and conditions of the
Closing Agreement and Escrow Instructions, and any previous supplements,additions or amendments thereto, shall remain in effect.
"THE SELLER HAS APPROVED", SIGNED AND DEPOSITED THE FOLLOWING DOCUMENTS WITH THE
CLOSING AGENT UNDER THESE INSTRUCTIONS:
[ x ] Statutory Warranty Deed
[ ] Purchaser's Assignment of Contract and Deed
[ ] Real Estate Contract
[ ] Bill of Sale(for personal property)
[ x ] Real Estate Excise Tax Affidavit
[ ]
[ ]
"THE BUYER HAS APPROVED", SiGNED AND DEPOSITED THE FOLLOWING DOCUMENTS WITH THE
CLOSING AGENT UNDER THESE INSTRUCTIONS:
[ x ] Promissory Note
[ x ] Deed of Trust
[ ] Mortgage
[ ] Real Estate Contract
[ ] Security Statement(for personal property)
[ ] Financing Statement(for personal property)
[ ] Real Estate Excise Tax Affidavit
[ x ] UCC
[ ]
BY SIGNING THIS DOCUMENT,EACH PARTY ACKNOWLEDGES:
Conditions of Parties' Agreement Satisfied. All terms and conditions of the parties' agreement have been met to my
satisfaction, or will be met,satisfied or complied with outside of escrow.
Title Report Approved. The Preliminary Commitment for Title Insurance, including the legal description of the property
and all attachments, supplements and endorsements to that report,issued by First American Title under order number 4209-1971041,
are approved by me and made a part of these instructions by this reference
Settlement Statement Approved. The settlement statement prepared by the closing agent is approved by me, made a part of
these instructions by this reference, and 1 agree to pay my costs, expenses and other obligations itemized on that statement I
understand that any estimated amounts will be adjusted to reflect the exact amounts required when the funds are disbursed, that the
settlement statement continues to be subject to audit at any time, and if any monetary error is found, the amount will be paid by the
party liable for such payment to the party entitled to receive it
BY SIGNING THIS DOCUMENT,THE BUYER FURTHER ACKNOWLEDGES:
Property Approved. I have had adequate opportunity to inspect the property and to determine the exact location of its
boundaries The location and physical condition of the property and any buildings, improvements, plumbing, heating, cooling,
electrical or septic systems on the property are approved I understand that all inspections and approvals of the location and physical
condition of the property are my sole responsibility, and are not part of the closing agent's duties and responsibilities. I hereby release
and agree to hold the closing agent harmless from any and all claims of liability for loss or damage arising or resulting from any
physical condition or defect on the property, or from the location of its boundaries.
Assumed Encumbrances Approved. I have had adequate opportunity to review the terms of payment, interest rates and
conditions of any existing notes, deeds of trust, mortgages, contracts, assessments or other debts or obligations that I will assume and
agree to pay in this transaction, and hereby approve the same.
THE CLOSING AGENT IS INSTRUCTED TO PROCEED AS FOLLOWS:
Pagel of 2
Instruction to Close. The closing agent is instructed to perform its customary closing duties under these instructions, to
deliver and record documents according to these instructions, and to disburse the funds according to the settlement statement,
adjusting estimated amounts, when the closing agent has the documents required to close the transaction in its possession and has, or
will obtain when the documents have been delivered and recorded-
1 Sale proceeds for the seller's account in the sum of$200,000.00,to be disbursed according to the settlement statement
2. Loan proceeds for the buyer's account in the sum of$75,000.00, to be disbursed according to the settlement statement
3. A policy of title insurance issued pursuant to the Preliminary Commitment for Title Insurance referred to above, insuring
the buyer with [ x ] owner's or [ ] purchaser's [ x ] standard or [ ] extended coverage with liability of$ 200,000.00
having the usual clauses, provisions and stipulations customarily contained in the printed provisions and schedules of
such policy forms, insuring the buyer's title to the property against all defects or encumbrances except those set forth in
the printed exceptions and exclusions customarily contained in the printed provisions and schedules of such policy
forms, matters attaching by, through or under the buyer, taxes not yet due, and the matters set forth in the following
numbered paragraphs of Schedule B of the Preliminary Commitment for Title Insurance: 4-12
4. Such other policies of title insurance as may be required by any lenders that are providing financing for the transaction.
Completion or Correction of Documents. The closing agent is instructed to correct any errors found in any document
deposited under these instructions, and to insert as necessary the closing date, the date on which interest begins to accrue, and the
dates on which payments must be made, if such items are incomplete.
Adjustments and Pro-rations. The closing agent is instructed to adjust and pro-rate as of[x]the closing date or[ �,
real estate taxes for the current year, recurrent assessments if any,
Proceeds Check:
[ ] Seller will pick up proceeds check.
] Mail proceeds check to seller at.
Other(i e.wire, deposit.)
Additional instructions:
The parties acknowledge and agree that any lease in connection with the propane tank located on subject property, if any,
shall be transferred outside of this escrow between the parties and Residential Escrow, Inc. shall be held harmless of any
responsibility and/or liability for transfer of said lease.
Any post closing adjustments or credits under the sum of$1.00 will be the property of Residential Escrow, Inc.
BY SIGNING THiS DOCUMENT, EACH PARTY ACKNOWLEDGES:
The closing agent has not offered any legal advice or referred me to any named attorney, but has clearly requested
that I seek independent legal counsel if i have any doubt concerning the transaction or these instructions.
I have had adequate time and opportunity to read and understand these instructions and all other documents referred
to in these instructions.
BUYER:
Curtis Lang Custom Homes, inc.
By: Curtis M Lang, President
Date:
SELLER:
City of nt
uzo
Cooke,Mayor
Date:
1
Page 2 of 2
- 1
i
Kent City Council Minutes July 3, 2012
I
executive session to discuss property negotiations and there will be action after the
meeting.
D Economic & Community Ueyelooment Committee. (CFN-198) Perry noted
that the next meeting will be Monday, July 9 at 5:30 p.m.
E. Operations Committee. (CFN-198) No report given
F. Parks and Human Services Committee. (CFN-198) No report given.
G. Public Safety Committee. (CFN-198) Boyce noted that the meeting on
Tuesday, July 10 has been cancelled and the next meeting will be August 14.
H. Public Works Committee. (CFN-198) Albertson noted that the meeting for
Monday, July 2 was cancelled, a special meeting will be held on July 23 at 4:00, and a
regularly scheduled meeting on July 16 at 4:00. She reminded her two colleagues of
the LID Hearings Board on July 25 from 1:30-6:00.
I. Regional Fire Authority. (CFN-198) Thomas also noted the ordinance for
fireworks and explained the importance of education, encouragement to help parents
get involved and enforcement. He stressed the importance of calling 911 when you
see someone using illegal fireworks.
EXECUTIVE SESSION
The meeting recessed to Executive Session at 7:42 and reconvened at 7:49 p.m.
A. Property Negotiations. (CFN-239) CAO Hodgson gave a summary of the
property being sold. Albertson moved to authorize the Mayor to sign all necessary
documents to complete the sale of the Ramstead Pointe properties to Curtis Laing
Homes in the amount of $800,000, less closing costs and other transactional costs,
subject to approval of the final terms and conditions by the City Attorney. Higgins
seconded and the motion carried.
ADJOURNMENT
The meeting adjourned at 7:55 p.m. (CFN-198)
ji-'r,�ref.,,t�t.e,..,at•4 Xs.Xst7
f
Mary Simmons
Deputy City Clerk
4
REQUEST FOR MAYOR'S SIGNATURE
K E N T Please Fill in All Applicable Boxes
Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT)
Originator: Kim Komoto Phone (Originator): 5788
Date Sent: October 23, 2012 Date Required: ASAP
Return Signed Document to: Korl CONTRACT TERMINATION DATE: N/A
VENDOR NAME: Curtis Lang Homes DATE OF COUNCIL APPROVAL: ,�—
Brief Explanation of Document:
Closing Documents for sale of property to Curtis Lang Homes for Ramstead Point Short
Plat. Addendum clarifies earnest money provisions.
All Contracts Must Be Routed Through The Law Department
(This area tc be completed by the Law Department)
Received: V
Approval of Law Dept.: OCT 2 3 Za��
Law Dept. Comments: s ,
Date Forwarded to Mayor.
Shaded Areas To Be Completed By Administration Staff
Received:
Recommendations and Comments: (�
Disposition:
� 1� Ct�Cr htN7
Date Returned:
Form 25 CCopydght2011
Vacant Land Purchase R Sale Northwest Multiple Listing Service
Rev 8111 ALL RIGHTS RESERVED
Page 1 of 5
VACANT LAND PURCHASE AND SALE AGREEMENT
SPECIFIC TERMS
1. Date: 5130 2012 MILS No.- N/A
2. Buyer: Curtis Lang Custom Homes Ile.
3. Seiler: City of Kent
4. Property: Tax Parcel No(s).: 322205-9025.9194,9213,9214,9215,9216, ( King County)
Street Address' TBD 9217,9218 Washington
Legal Description.Attached as Exhibit A
6. Purchase Price: $ 800,000.00 Eight Hundred Thousand Dollars and no/100
6. Earnest Money: (To be held by❑ Selling Firm,9Closing Agent)
Personal Check:$ ; Note $ 10,000.00 ; Other
7. Default: (check only one) 66 Forfeiture of Earnest Money, ❑ Seller's Election of Remedies
8. Title Insurance Company: Talon, Kent
S. Closing Agent: ❑a qualified closing agent of Buyer's choice, 0 Residential Escrow,Kent
10. Closing Date: SEE ATTACHED
11. Possession Date: 0 on Closing; ❑Other
12. Offer Expiration Date:
13. Services of Closing Agent for Payment of Utilities: ❑Requested(attach NWMLS Form 22K); lib Waived
14. Charges and Assessments Due After Closing: ❑assumed by Buyer, 0 prepaid in full by Seiler at Closing
15, Subdivision:The Property ❑must be subdivided before ; 0 Is not required to be subdivided
16. Feasibility Contingency Expiration Date: ld 30 days after mutual acceptance, ❑ Other
17. Agency Disclosure: Selling Broker represents ❑ Buyer, ❑ Seller, ❑both parties, ❑ neither party
Listing Broker represents ❑Seller, ❑ both parties NO REALTORS INVOLVED
18. Addenda: NV*fLS FOFM 31, M*ILS FORM 34
14
7
Buyers Signatufe Date Set ' S nature Date
Buyer's Signature Dale eller's Signature Date
27203 216th Ave SE#5 ;�,10 44-1h Avenue S.
Buyers Address Sellers Address
Maple Valley,WA 98038 Kenti LA)A q gU32
City,Slate,Zip City,State,Zip
425*432*3284 25z) - cd5(a-5�t54
Phone No Fax No Phone No. / Fax No
jeff(a)integritylandilc.com S Cep [<E- ke-rz 0
Buyer's E-mail Address Seller's E-mail Address
Selling Firm MLS Office No. Listing Firm MLS Office No
Selling Firm's Assumed Name(f applicable) Listing Firm's Assumed Name(f applicable)
Selling Broker(Print) MLS LAG No. Listing Broker(Pnnq MLS LAG No.
Phone No. Firm Fax No. Phone No Firm Fax No
Selling Broker's E-mail Address Listing Broker's E-mail Address
Form 25 CCopyrrght 2011
Vacant Land Purchase&Sale VACANT LAND PURCHASE AND SALE AGREEMENT North viest Multiple Listing Service
Rev 8/11 ALL RIGHTS RESERVED
Page 2 of 5 GENERAL TERMS
ConLnued
a. Purchase Price. Buyer shall pay to Seller the Purchase Price, including the Earnest Money,in cash at Closing, unless 1
otherwise specified in this Agreement Buyer represents that Buyer has sufficient funds to close this sale in accordance 2
with [his Agreement and Is not relying on any contingent source of funds, including funds from loans, the sale of other 3
property,gifts,retirement,or future earnings,except to the extent otherwise specified in this Agreement 4 .
b. Earnest Money Buyer shall deliver the Earnest Money within 2 days after mutual acceptance of this Agreement to 5
Selling Broker who will deposit any check to be held by Selling Firm,or deliver any Earnest Money to be held by Closing 6
Agent, within 3 days of receipt or mutual acceptance, whichever occurs later If the Earnest Money is held by Selling 7
Firm and is over$10,000 00 it shall be deposited into an interest bearing trust account in Selling Firms name provided 8
[hat Buyer completes an IRS Form W-9 Interest,if any,after deduction of bank charges and fees,will be paid to Buyer 9
Buyer shall reimburse Selling Firm for bank charges and fees in excess of the interest earned, if any If the Earnest 10
Money held by Selling Firm Is over $10,000 00 Buyer has the option to require Selling Firm to deposit the Earnest 11
Money into the Housing Trust Fund Account,with the interest paid to the Stale Treasurer, if both Seller and Buyer so 12
agree in writing If the Buyer does not complete an IRS Form W-9 before Selling Firm must deposit the Earnest Money i3
or the Earnest Money is $10,000 00 or less, the Earnest Money shall be deposited into the Housing Trust Fund 14
Account Selling Firm may transfer the Earnest Money to Closing Agent at Closing If all or part of the Earnest Money is 15
to be refunded to Buyer and any such costs remain unpaid,[lie Selling Firm or Closing Agent may deduct and pay them 16
therefrom The parties instruct Closing Agent to provide written verificalion of receipt of the Earnest Money and notice of 17
dishonor of any check to the parties and Brokers at the addresses and/or fax numbers provided herein. 18
Upon termination of this Agreement, a party or the Closing Agent may deliver a form authorizing the release of Earnest 19
Money to the other party or the parties The party(s)shall execute such form and deliver the same to the Closing Agent 20
If either party fails to execute the release form, the other party may make a written demand to the Closing Agent for the 21
Earnest Money If only one party makes such a demand, Closing Agent shall promptly deliver notice of the demand to 22
the other party If the other party does not object to the demand within 10 days of Closing Agent's notice,Closing Agent 23
shall disburse the Earnest Money to the party making the demand If Closing Agent complies with the preceding 24
process, each party shall be deemed to Have released Closing Agent from any and all claims or liability related to the 25
disbursal of the Earnest Money.The parties are advised that, notwithstanding the foregoing, Closing Agent may require 26
the parties to execute a separate agreement before disbursing the Earnest Money If either party falls to authorize the 27
release of the Earnest Money to the other party when required to do so under this Agreement, that party shall be in 28
breach of this Agreement Upon either party's request, the party holding the Earnest Money shall commence an 29
inlerpieader action in the county in which the Property is located For the purposes of this paragraph, the term Closing 30
Agent Includes a Selling Firm holding the Earnest Money The parties authorize the party commencing an inlerpieader 31
action to deduct up to$500 00 for the costs thereof 32
c. Condition of Title Unless otherwise specified in this Agreement, bile to the Properly shall be marketable at Closing 33
The following shalt not cause the title to be unmarketable rights, reservations, covenants, conditions and restrictions, 34
presently of record and general to the area, easements and encroachments, not materially affecting the Value of or 35
unduly interfering with Buyer's reasonable use of the Property, and reserved oil and/or mining rights Monetary 36
encumbrances or liens not assumed by Buyer,shall be paid or discharged by Seller on or before Closing Title shall be 37
conveyed by a Statutory Warranty Deed if this Agreement Is for conveyance of a buyer's interest in a Real Estate 3B
Contract, the Statutory Warranty Deed shall include a buyers assignment of the contract sufficient to convey after 39
acquired title If the Properly has been short platted,the Short Plat number is in the Legal Description 40
d. Title Insurance. Seller authorizes Buyer's lender or Closing Agent, at Seller's expense, to apply for the Then-current 41
ALTA form of standard form owner's policy of title insurance from the Title Insurance Company, If Seller previously 42
received a preliminary commitment from a Title Insurance Company that Buyer declines to use, Buyer shall pay any 43
cancellation fees owing to the original Title Insurance Company Otherwise, the party applying for title insurance shall 44
pay any title cancellation fee, in the event such a fee is assessed The Title Insurance Company shall send a copy of 45
the preliminary commitment to Seller, Listing Broker, Buyer and Selling Broker The preliminary commitment, and the 46
title policy to be issued,shall contain no exceptions other than the General Exclusions and Exceptions in said standard 47
form and Special Exceptions consistent with the Condition of Title herein provided if title cannot be made so insurable 48
prior to the Closing Date, [hen as Buyers sole and exclusive remedy,the Earnest Money shall, unless Buyer elects to 49
waive such defects or encumbrances,be refunded to the Buyer,less any unpaid costs described in this Agreement,and 50
this Agreement shall thereupon be terminated Buyer shall have no right to specific performance or damages as a 51
consequence of Seller's inability to provide insurable title 62
e. Closing and Possession This sale shall be closed by [he Closing Agent on the Closing Dale 'Closing'means the 53
date on which all documents are recorded and the sale proceeds are available to Seller If the Closing Date falls on a 54
Saturday, Sunday, legal holiday as defined in RCW 1.16 050, or day when the county recording office is closed, the 55
Closing Agent shall close the transaction on the next day that is not a Saturday,Sunday,legal holiday,or day when the 56
county recording office is closed Buyer shall be entitled to possession at 9.00 p.m on the Possession Date Seiler shall 57
maintain the Property
in its present condition, normal wear and tear excepted,until the Buyer is entitled to possession 58
Initials BUYER �/ Date-�2SELLER, Date
BUYER Dale SELLER Date
Form 25 CCopynghl 2011
Vacant Land Purchase S Sale VACANT LAND PURCHASE AND SALE AGREEMENT NortMvest Multiple Listing Service
Rev 8111 ALL RIGHTS RESERVED
Page 3 of 5 GENERAL TERMS
Continued
f. Section 1031 Like-Kind Exchange. If either Buyer or Seiler intends for this transaction to be a part of a Section 1031 59
like-kind exchange, then the other party shall cooperate in the completion of the like-kind exchange so long as the 6D
cooperating party Incurs no additional liability in doing so,and so long as any expenses(including attorneys' fees and 61
costs)incurred by the cooperating party that are related only to the exchange are paid or reimbursed to the cooperating 62
party at or prior to Closing Notwithstanding the Assignment paragraph of this Agreement, any party completing a 63
Section 1031 like-kind exchange may assign this Agreement to its qualified intermediary or any entity set up for the 64
purposes of completing a reverse exchange 65
g. Closing Costs and Prorations and Charges and Assessments. Seller and Buyer shall each pay one-half of the 66
escrow fee unless otherwise required by applicable FHA or VA regulations Taxes for the current year, rent, interest, 67
and lienable homeowner's association dues shall be prorated as of Closing Buyer shall pay Buyer's loan costs, 68
including credit report,appraisal charge and lender's title insurance,unless provided otherwise in this Agreement If any 69
payments are delinquent on encumbrances which will remain after Closing, Closing Agent is instructed to pay such 70
delinquencies at Closing from money due,or to be paid by, Seller Buyer shall pay for remaining fuel in the fuel lank if, 71
prior to Closing, Seller obtains a written statement as to the quantity and current price from the supplier Seller shall pay 72
all utility charges, including unbilied charges Unless waived in Specific Term No 13, Seller and Buyer request the 73
services of Closing Agent in disbursing funds necessary to satisfy unpaid utility charges in accordance with RCW 60 80 74
and Seller shall provide the names and addresses of all utilities providing service to the Property and having lien rights 75
(attach NWMLS Form 22K Identification of Utilities or equivalent) 76
Buyer is advised to verify the existence and amount of any local Improvement district, capacity or impact charges or 77
other assessments that may be charged against the Properly before or after Closing Seller will pay such charges that 78
are encumbrances at the time of Closing, or that are or become due on or before Closing Charges levied before 79
Closing, but becoming due after Closing shall be paid as agreed in Specific Term No 14 80
h. Sale Information Listing Broker and Selling Broker are authorized to report [his Agreement (including price and aft 81
terms)to the Multiple Listing Service that published it and to its members,financing institutions,appraisers,and anyone 82
else related to this sale Buyer and Seller expressly authorize all Closing Agents,appraisers, title insurance companies, 83
and others related to this Sale, to fumish the Listing Broker and/or Selling Broker, on request, any and all information 84
and copies of documents concerning this sale 85
1. FIRPTA-Tax Withholding at Closing.The Closing Agent is instructed to prepare a certification(NWMLS Form 22E or 86
equivalent)that Seller is not a"foreign person'within the meaning of the Foreign Investment In Real Property Tax Act 87
Seller shall sign this certification if Seller is a foreign person,and this transaction is not otherwise exempt from FIRPTA, 88
Closing Agent is instructed to withhold and pay the required amount to the Internal Revenue Service 89
). Notices In consideration of the license to use this and NWMLS's companion forms and for the benefit of the Listing 90
Broker and the Selling Broker as well as the orderly administration of the offer, counteroffer or this agreement, the 91
parties irrevocably agree that unless otherwise specified in [his Agreement, any notice required or permitted in, or 92
related to, this Agreement(including revocations of offers or counteroffers)must be in writing.Notices to Seller must be 93
signed by at least one Buyer and shall be deemed given only when the notice is received by Seller,by Listing Broker or 94
at the licensed office of Listing Broker Notices to Buyer must be signed by at least one Seller and shall be deemed 95
given only when the notice is received by Buyer, by Selling Broker or at the licensed office of Selling Broker Receipt by 96
Selling Broker of a Form 17 or 17C (whichever is applicable), Public Offering Statement or Resale Certificate, 97
homeowners' association documents provided pursuant to NWMLS Form 22D, or a preliminary commitment for title 98
insurance provided pursuant to NWMLS Form 22T shall be deemed receipt by Buyer Selling Broker and Listing Broker 99
have no responsibility to advise of receipt of a notice beyond either phoning the party or causing a copy of the notice to 100
be delivered to the party's address shown on this Agreement Buyer and Seller must keep Selling Broker and Listing 101
Broker advised of their whereabouts in order to receive prompt notification of receipt of a notice 102
k. Computation of Time Unless otherwise specified in this Agreement, any period of time measured in days and staled 103
in this Agreement shall start on the day following the event commencing the period and shall expire at 9 00 p in of[he 104
last calendar day of the specified period of time Except for the Possession Dale, if the last day is a Saturday, Sunday 105
or legal holiday as defined in RCW 1 16 050, the specified period of time shall expire on the next day that is not a 106
Saturday, Sunday or legal holiday Any specified period of 5 days or less shall not include Saturdays, Sundays or legal 107
holidays if the parties agree that an event will occur on a specific calendar date, the event shall occur on that date, 108
except for the Closing Dale,which, if it falls on a Saturday, Sunday, legal holiday as defined in RCW 1 16 050. or day 109
when the county recording office is closed,shall occur on the next day that is not a Saturday,Sunday, legal holiday, or 110
day when the county recording office is closed If the parties agree upon and attach a legal description after this 111
Agreement is signed by the offeree and delivered to the offeror, then for the purposes of computing time, mutual 112
acceptance shall be deemed to be on the dale of delivery of an accepted offer or counteroffer to the offeror,rather than 113
on the date the legal description is attached Time is of the essence of this Agreement 114
Initials BUYER. ex Date: 7AELLER �_ Date*b a7 l A
BUYER Dale SELLER- Date:
Form 25 GCopynghl2011
Vacant Land Purchase&sale VACANT LAND PURCHASE AND SALE AGREEMENT Northwest Multiple Listing Service
Rev &11 ALL RIGHTS RESERVED
Page 4 of 5 GENERAL TERMS
Continued
I. Facsimile or E-mail Transmission.Facsimile transmission of any signed original document,and retransmission of any 115
signed facsimile transmission, shall be the same as delivery of an original.At the request of either party,or[tie Closing 116
Agent, the parties will confirm facsimile transmitted signatures by signing an original document E-mail transmission of 117
any document or notice shall not be effective unless the parties to this Agreement otherwise agree in writing 118
m. Integration and Electronic Signatures.This Agreement constitutes the entire understanding between the parties and 119
supersedes all prior or contemporaneous understandings and representations No modification of this Agreement shall 120
be effective unless agreed in writing and signed by Buyer and Seller The parties acknowledge that a signature in 121
electronic form has the same legal effect and validity as a handwritten signature 122
it Assignment. Buyer may not assign this Agreement, or Buyers rights hereunder,without Sellers prior written consent, 123
unless the parties indicate that assignment Is permitted by the addition of"and/or assigns" on the line Identifying the 124
Buyer on the first page of this Agreement 125
o. Default In the event Buyer fails, without legal excuse, to complete the purchase of the Property, then the following 126
provision, as identified in Specific Term No 7,shall apply 127
I. Forfeiture of Earnest Money That portion of the Earnest Money that does not exceed five percent (5%) of the 128
Purchase Price shall be forfeited to the Seller as the sole and exclusive remedy available to Seller for such failure 129
If. Seller's Election of Remedies.Seller may,at Sellers option, (a)keep the Earnest Money as liquidated damages 130
as the sole and exclusive remedy available to Seller for such failure, (b)bring suit against Buyer for Sellers actual 131
damages, (c) bring suit to specifically enforce this Agreement and recover any incidental damages, or(d) pursue 132
any other rights or remedies available at law or equity 133
p. Professional Advice and Attorneys' Fees. Buyer and Seller are advised to seek the counsel of an attorney and a 134
certified public accountant to review the terms of this Agreement.Buyer and Seller agree to pay their own fees incurred 135
for such review However, If Buyer or Seller institutes suit against the other concerning this Agreement the prevailing 136
party is entitled to reasonable attorneys'fees and expenses 137
q. Offer. Buyer shall purchase the Property under the terms and conditions of this Agreement Seller shall have until 9.00 138
p m on the Offer Expiration Dale to accept this offer,unless sooner withdrawn Acceptance shall not be effective until a 139
signed copy is received by Buyer, by Selling Broker or at the licensed office of Selling Broker If this offer is not so 140
accepted,it shall lapse and any Earnest Money shall be refunded to Buyer. 141
r. Counteroffer. Any change in the terms presented in an offer or counteroffer, other than the insertion of the Setters 142
name,shall be considered a counteroffer If a party makes a counteroffer,then the other party shall have until 9 00 p.m 143
on the counteroffer expiration date to accept that counteroffer, unless sooner withdrawn Acceptance shall not be 144
effective until a signed copy is received by Seller, by Listing Broker or at the licensed office of Listing Broker, if the 145
counteroffer is not so accepted,it shall lapse and any Earnest Money shall be refunded to Buyer 146
s Offer and Counteroffer Expiration Date,If no expiration date is specified for a offer/counteroffer,the offer/counteroffer 147
shall expire 2 days after the offer/counteroffer is delivered by the party making the offer/counteroffer, unless sooner 148
withdrawn 149
L Agency Disclosure. Selling Firm, Selling Firm's Designated Broker, Selling Brokers Branch Manager (if any) and 150
Selling Brokers Managing Broker(if any)represent the same party that Selling Broker represents Listing Firm, Listing 151
Firm's Designated Broker, Listing Brokers Branch Manager (if any), and Listing Brokers Managing Broker (if any) 152
represent the some party that the Listing Broker represents If Selling Broker and Listing Broker are different persons 153
affiliated with the same Firm,then both Buyer and Seller confirm their consent to Designated Broker, Branch Manager 154
(if any),and Managing Broker(if any)representing both parties as dual agents If Selling Broker and Listing Broker are 155
the same person representing bogs parties then both Buyer and Seller confirm their consent to that person and hisfher 156
Designated Broker, Branch Manager(if any),and Managing Broker(if any)representing both parties as dual agents All 157
parties acknowledge receipt of the pamphlet entitled'The Law of Real Estate Agency" 158
u. Commission Seller and Buyer agree to pay a commission in accordance with any listing of commission agreement to 159
which they are a party.The Listing Firm's commission shall be apportioned between Listing Firm and Selling Firm as 160
specified in the listing Seller and Buyer hereby consent to Listing Firm or Selling Firm receiving compensation from 161
more than one party. Seller and Buyer hereby assign to Listing Firm and Selling Firm, as applicable,a portion of their i62
funds in escrow equal to such commission(s)and irrevocably instruct the Closing Agent to disburse the commission(s) 163
directly to the Firm(s) In any action by Listing or Selling Firm to enforce this paragraph,the prevailing party is entitled to 164
court costs and reasonable attorneys'tees Seiler and Buyer agree that the Firms are intended third party beneficiaries 165
under this Agreement. 166
v. Feasibility Contingency.it is the Buyers responsibility to verify before the Feasibility Contingency Expiration Date Identified in 167
Specific Term No.16 whether or not the Property can be platted,developed and/or Wit on(now or in the future)and what it will 168
cost to do this BUYER SHOULD NOT RELY ON ANY ORAL STATEMENTS conceming lifts made by the Seller,Listing Broker 169
or Selling Broker Buyer should inquire at the city or county,and water,sewer or other special districts in which the Property is 170
z Initials BUYER t� Date.C ' j�.SELLERg Cam— Date �,l'7 r4
BUYER- Dale SELLER: Date.
Form 25 CCopyright 2011
Vacant Land Purchase&Sale VACANT LAND PURCHASE AND SALE AGREEMENT Norltmest Multiple Lislmg Service
Rev &11 n ALL RiGHTS RESERVED
Page 5 of 5 GENERAL TERMS
Continued
located Buyer's inquiry should include, but not be limited to budding or development moratoriums applicable to or being 171
considered for the Property,any special budding requirements,including setbacks,height limits or restrictions on where buildings 172
may be constructed on the Property, whether the Property is affected by a flood zone, wetlands, shorelands or other 173
environmentally sensitive area,road,school,fire and any other grovAh mitigation or impact fees that must be paid,the procedure 174
and length of time necessary to obtain plat approval and/or a budding permit,sufficient water,sewer and utility and any service 175
connection charges, and all other charges that must he paid Buyer and Buyer's agents, representatives, consultants, 176
architects and engineers shall have the right, from time to time during the feasibility contingency, to enter onto the 177
Property and to conduct any tests or studies that Buyer may need to ascertain the condition and suitability of the 178
Property for Buyers intended purpose Buyer shall restore the Property and all improvements on the Property to the 179
same condition they were in prior to the inspection Buyer shall be responsible for all damages resulting from any 180
inspection of the Property performed on Buyer's behalf.If[Ile Buyer does not give notice to the contrary on or before the 181
Feasibility Contingency Expiration Date identified in Specific Term No 16,it shall be conclusively deemed that Buyer is 182
satisfied as to development and/or construction feasibility and cost If Buyer gives notice this Agreement shall terminate 183
and the Earnest Money shall be refunded to Buyer,less any unpaid costs 184
w. Subdivision If the Property must be subdivided,Seller represents that there has been preliminary plat approval for the 185
Property and this Agreement Is conditioned on the recording of the final plat containing the Property on or before the 186
date specified in Specific Term 15 if the final plat is not recorded by such dale,this Agreement shall terminate and the 187
Earnest Money shall be refunded to Buyer 188
x. Information Verification Period and Property Condition Disclaimer. Buyer shall have 10 days after mutual 189
acceptance to verify all information provided from Seller or Listing Firm related to the Property This contingency shall 190
be deemed satisfied unless Buyer gives notice identifying the materially inaccurate Information within 10 days of mutual 191
acceptance If Buyer gives timely notice under this section,then this Agreement shall terminate and the Earnest Money 192
shall be refunded to Buyer Buyer and Seller agree, that except as provided in this Agreement, all representations and 193
information regarding the Property and the transaction are solely from the Seller or Buyer,and not from any Broker The 194
parties acknowledge that the Brokers are not responsible for assuring that the parties perform their obligations tinder 195
this Agreement and that none of the Brokers has agreed to independently investigate or confirm any matter related to 196
this transaction except as stated in this Agreement, or in a separate writing signed by such Broker. In addition, Brokers 197
do not guarantee the value, quality or condition of the Property and some properties may contain building materials, 198
including siding, roofing, ceiling, insulation, electrical, and plumbing, that have been the subject of lawsuits and/or 199
governmental inquiry because of possible defects or health hazards. Some properties may have other defects arising 200
after construction,such as drainage,leakage,pest,rot and mold problems Brokers do not have the expertise to identify 201
or assess defective products, materials, or conditions Buyer is urged to use due diligence to inspect the Property to 202
Buyer's satisfaction and to retain inspectors qualified to identify the presence of defective materials and evaluate the 203
condition of the Property as there may be defects that may only be revealed by careful Inspection Brokers may assist 204
the parties with locating and selecting third party service providers, such as inspectors or contractors, but Brokers 205
cannot guarantee or be responsible for the services provided by those third parties The parties agree to exercise their 206
own judgment and due diligence regarding thud-party servtce providers 207
Initials: BUYER �.�'""`� Date: 1P LLER Date:
BUYER. Date: SELLER. Date:' /
Form 34 CCopynghl2010
Addendum/Amendment to P&S Northwest hitilliple Listing Semce
Rev 7110 ALL RIGHTS RESERVED
Page I of I ADDENDUM 1 AMENDMENT TO PURCHASE AND SALE AGREEMENT
The following is part of the Purchase and Sale Agreement dated 5/30/2012 1
betvreen Curtis Lana Custom homes, INC. ('Buyer")2
and City of Kent ("Seller")3
concerning 322205-9025,9194,9213,9214,9215 92I6 92 t7 9218 (the"Property").4
IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5
Seller to add full legal description 6
Seller to maintain the private load and drainage facility until the 110A is transferred to the buyer. 7
Seller to maintain the fruit surface and casement until the HOA is transferred to the buyer. 8
City of Kent is t esponsible for maintenance of the sensitive area tracts& their imps ovements 9
Seller to provide site topogl aphy,tree locations and boundaty sm vey as available is illdri the first 30 days. 10
Seller to have the front lot corners pinned and side and t cal lot cot ners sta6ed nithin 30 clays. 11
Seller to assist the buyer in coordinating ssith the vat ious City departments to obtain the necessary 12
documentation fill lot piuchase and home construction(including but not limited to as-built plans,casement 13
ngreements,gating options,sprinldet t equirements if an)). 14
Seller to order and provide a cut icut title report and all referenced documents ssithin 1S days. 15
Buyer will be allow ed to market the homes once tills agreement is mutually accepted. 16
The sale consists of 8 lots,but this sale also includes life pi ivate l oad(Ti act C)and it private drainage facility
17
(Tract E)ishich ill be owned by the HOA.w
Buyer to detelnrine CCR's for the plat and will act as the"declarant" and sill establish he HOA within 10 18
clays of closing the Iasi 3 lots.
19
Buycr will determine the date in which to transfer the 110A to the honleotisners. 20
Seller to transfer Tracts C& E to the HOA once the HOA is ct eaten. 21
Closing: 22
Buyer to close 2 lots of their choice within 30 days of end of successful feasibility study. 23
And 3 lots ssithin 120 tiny s of end of successful feasibility study. 24
And final 3 lots mithin 180 days of end of successful feaslbilil� stul13. 25
Selection of lot closing to be of the sole discretion of the buyer. 26
Escrom volume discount rates applies to buyer at closing. 27
28
Upon signature from the Mayor of Kcnl to this agreement,the Kent City Council shall have 30 days to 29
appl ose the site. '1 he etlectise dale of this pill chose and sale is contingent upon such appl oval. for the 30
pill Closes of collillulillg tune,all timelines in this Agreement shall begin on the date of such written appl oval 31
from the Council.
Initials: BUYER W` Date- �ELLER: Date- 4o a 7 / �—
BUYER Date: SELLER: Date:
Form 31 ®Copynght2010
Earnest Money Promissory Note Northnest Multiple Listing Service
Rev 7110 ALL RIGHTS RESERVED
Pages 1 on
EARNEST MONEY PROMISSORY NOTE
$ 10"000.00 Maple Valley Washington 1
FOR VALUE RECEIVED, Curtis Lang Custom Domes, Inc. ("Buyer") 2
agree(s)to pay to the order of (Selling Firm or Closing Agent) 3
the sum of 10,000.00 Ten Thousdan Dollars and no/100 Dollars 4
($ 10,000.00 ),as follows 5
❑ within 3 days following mutual acceptance of the Purchase and Sale Agreement. 6
0 `within 3 days of successful feasibilih'study 7
This Note Is evidence of the obligation to pay Earnest Money under a real estate Purchase and 8
Sale Agreement between the Buyer and City of Kent ("Seller") 9
dated 5/30/2012 . Buyers failure to pay the Earnest Money10
strictly as above shall constitute default on said Purchase and Sale Agreement as well as on this Note. 11
If this Note shall be placed In the hands of an attorney for collection, or if suit shall be brought to coffect12
any of the balance due on this Note, the Buyer promises to pay reasonable attorneys' fees, and aII13
court and collection costs 14
Date. l� 7i�� �, 15
BUYER 16
BUYER 17
`On closing'or similar language is not recommended. Use a definite date. 18
REQUEST FOR MAYOR'S SIGNATURE
KENT Please Fill in All Applicable Boxes
W 45N IN 0 T 0 N
Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT)
Ongmator t f{��yp�� viu T��> � � Phone (Oiiginator)
Date Sent: Ca/a 7r 1 a Date Required: U/0q7/1 �
Retui n Signed Document to- {(c vx f(a i/e7Tl CONTRACT TERMINATION DATE: —`
VENDOR NAME: Cuht� 1 awn _ (,e' vJ.toYY] ho-PLWATE OF COUNCIL APPROVA
C6u/r�C� /avr
Brief Explanation of Document.
UG�CGUY1,� 1.97� Gib ,�G%Y)"1��—eQCrL f��f/r7��
All Contracts Must Be Routed Through the Law Department
(Thrs Area to be Completed By the Lair Department)
Received- b/a7/)a
Approval of Law Dept.: �-
/fV �
Law Dept Comments: w
Date Forwarded to Mayor:
Shaded Areas to Be Completed by Administration Staff
Received:
Recommendations & Comments:
fry
Disposition:,b29/Z
Date Returned-
'Rik
age-)870 • 1/05
REResidential Escrow, Inc.
24909 104th Ave SE 0100A • Kent,WA 98030
(253)859-5777 or(425)4514309 FAX (253)859-0375
October 26,2012
Citv of Kent
220-4th Ave.So
Kent,WA 98032
RE- Escrow No 25201-ME
Property Address Lots 1&2 City Of Kent SP NO 2002-23
Kent,WA
We are pleased to inform you that the above referenced escrow was closed on October 25,2012 and we
enclose the following for your records•
x Our Check in the amount of$198,526.31 representing your proceeds **WIPED**
x Final HUD-1;Closing Statement
Any documents to which you are entitled will be forwarded to you directly from the appropriate
goveming party
We hope this transaction has been handled to your satisfaction,and that we may serve you again in the
future.
Sincerely,
Residential Escrow,Inc.
Marilyn Hovey
President,DEO,LPO
,
"s OMB No 2502-0265
FINAL B TYPE OF LOAN
A. SETTLEMENT STATEMENT (HUD-1) 1 ❑ FHA 2 ❑ FNMA 3. ❑ CONY UNTNS
4 1 '�A 5 ❑ CONV INS
6 FILE NUMBER7 LOAN NUMBER
' ?5201-MIR H RC80989
8 MORTGAGE INS CASE NO
C NOTE This lbrm is ftunished to give you a statement of actual settlement Costs Amounts paid to and oy the settement agent are shown Items
marked"(p o c)"were paid outside the closing they ate shown here for informational purposes and are not mcluded in the totals
D NAME&ADDRESS Curtis Lang Cusiem Homes,Inc
OF BORROWER, 27203 216th Avenue SE 45 Maple Valley,WA 98038
E. NAME&ADDRESS City of Kent
OF SELLER 220-41h Ave So,Kent WA 98032
F NAME&ADDRESS HomeStreet Bank
OF LENDER 3315 S 23rd Tacoma,WA 98405
G PROPERTY LOCATION Lots I&2 City Of Kent SP NO 2002-23,Kent,WA
H SETTLEMENT AGENT Residential Escrow,Inc
PLACE OF SETTLEMENT 24909 104th Ave SE k100A,Kent WA 98030(253)859-5777
I SETTLEMENT DATE, 10i252012 DISBURSEMENT DATE 10/25f2012
J, Summary of Borrower's Transaction K Summary of Seller's Transaction
100 Gross Amount Due From Borrower: 400 Gross Amount Due To Seller_
101 Contract sales pnce 401 Contract sales price 200 000 00
102 Personal property 402 Feisonal property
103 Setdemcnl charges to burrower (line 1400) 403
104 404
105 4015
Adiusmients For Items Paid By Seller In Advance- Ad ustinents For Items Paid By Seller In Advance:
106 Cayhown tares to 406 CdyAown races to
107 County taxes w 407 County taxes to
108 Assessments to 408 Assessments to
109 409 Lot I Prop Tax 10252012 to SI012013 2.28
110 410 Lot 2 Prue Tax 10252012 w h012013 228
111 411
112 412
113 413
114 414
115 415
116 416
120.Gross Amount Due From Borrower 420 Gross Amount Due To Seller- 200,004 56
200 Amounts Paid Rv Or In Behalf Of Borrower 500 Reductions in Amount Due To Seller•
201 Deposer m earnest moan %] Excess deposit(see mstmcnons)
202 Principal mount of new loan(s) 502,Settlement chares to seller(line 1400) 141825
203 Exists loan(s)taken subject to 503 Existing loan(s)taken suoject to
204 1 504 Payoff I st Mtg Ln
205 505 Pa off2nd Mt Ln
206 506 Oiwursements To Seller 198 526 31
20, 507
108 508
209 509
Adjustments For Items Unpaid By Seller Adjustments For Items Unpaid By Seller
210 City/town taxes to 510 C.tyhown taxes to
211 County taxes to 51l County tares to
212 Assessments to 512 Assessments to
213 513
214 514
215 515
216 516
217 517
21& 519
219 519
220 Total Paid By/For 520 Total Reductions 200,004.56
Borrower In Amount Due Seller•
300 Csqh At Settlement FromfTo Borrower: 600.Cash At Settlement Fromrro Seller-
301 Gross amount due from borrower(tine 120) 601 Gross amount due to seller Om 420) 200 004 56
302,Less amount paid by/for borrower(line 22T 602 Less reductions in amount due seller(lime 520) 200 064 S6
3W Cash(.—FROM) ❑FO) Borrower- 0 00 603.Cash(t—TO) l -FROi4) Seller- 000
Precious Ednion is Obsolete SB-4-35384100-1
Form No 1581 HUD-I(346)
V86 Page I of 3 RESPA,HE 4305 2
t
L SETTLEMENT CHARGES Escrow 25201-MH
700 Total Sales/Broker's Commission Paid From Pad From
Based On Pnce $ %= Borrower's Selkr's
Division of ommrtaon(Tine 7 As Follows- Funds Funds
At At
Settlement Settlement
to
703 mmtsstan pilld ettlem_en
704
801 Loan Ongination fee
802 Loan DLSCpnnl %
803 Avumwal fee o
04 Creditm onto
805 Lmde{s inspection fee
806,Morizaize ins ranee agglication feet
807 Assumption fee
88
809
810
all
812
81
14
815
b
1'
sla
819
820
821
Ol interest from to .a Ada 0 ca s
902 Mortgage insuipnce mmm for mo to
3 Hazard insurance oremtum for ym to
4 Flocd insurance oreingra for YN to
905,
906
v
1061
OG1 Harard insurance 0 monthsU 0 00 per m n h
1002. MQagape insurance 0 months'a$ 0 00 per month
1003 Cno propem to 0 months�$ 0 00 ner month
I l)( Countyy overly tares 0 montha Z.S 0 00 oer month
1005 Annual acsesanents 0months la�$ 000 oer month
1006 Flood insurance 0 me the(r0$ 0 00 per month I �
1007 0 months a$ 0 00 pef month
1008 Aizvreiziuc Ad ustm nt
1009
1101, [dement or closing cloging fee to Resrdermal Fscrow,Inc49,2.7
1 102 Abstract or rrtle search t
1103 Till Tille examination
1104 Title in ranee bmder t
11 " Document prcperation to
1106 Kotary fees to
1107 Attorneys fees to
(includes above item Numbers )
1108 Title insurance to Fast American fnle
(mcludes above item Numbers ) 985 5
1109, Lender's coserati}e $
1110 Owner'scocoa e 200 OOO Premium 900 00 Tax
1
1112
III
1114
7
0
1201 Rcm-rding fees Dee Mo 000 Releases 5 000
1202 City/county tax/ttan s Deed S 0.00 M rt aae S 0 00
1203 tams D5&d S 000 Mort age
1204
1205
1301. ry to
1302 Pest m coon-o
130
1304
10
1306
1307
1308
1400, Total Settlement rhar2e ntr onine 103 n -and-line 52 ri re Id7
Form No 1582 Page 2 of 3 SB-4-353"W i
SELLER'S AND/OR BORROWER'S STATEMENT Escrow 25201-MH
I have carefully reviewed the HUD-I Settlement Statement and to the best of my knowledge and belief it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction I further certify that I have received a copy of the HUD-1 Settlement Statement
The HUD-1 Settlement Statement which I have prepared is a time and accurate account of this transaction 1 have caused or will cause the funds to be
disbursed in actor ce with thi tamment.
Settlement Agent ' Date ���?��L___
Manl Hovey,Residential ow,
m ,Inc.
WARNING It is acnc to knowingly make false tements to the United States on this or any other similar form.Penalties upon conviction can include a
fire or impnsonn;ent.For details see Tide 18 U S Core Section 104)1 and Section I010
Pegc 3 of 3
Simmons, Mary
From: Komoto, Kim
Sent: Wednesday, October 31, 2012 8 26 AM
To: Wolters, Ben, Hanson, Kurt, Brubaker, Tom, Hodgson, John, Gilbert, Matthew
Cc: Simmons, Mary
Subject: Ramstead Final HUD Closing Statement pdf
Attachments: Final HUD Closing Statement pdf
Follow Up Flag: Follow up
Flag Status: Flagged
All:
Attached you will find the final settlement statement regarding Lots 1 & 2 of the Ramstead subdivision.
Thanks,
Kim KOmOtO, Legal Analyst
Assistant to Tom Brubaker and Arthur "Pat" Fitzpatrick
Law Department
220 Fourth Avenue South, Kent, WA 98032
Phone 253-856-5788 1 Fax 253-856-6770
17 40 kkomotogKentWA gov epa
IKENT Vvww.KentWA.aov
lW.p»;r.a rr min PLEASE CONSIDER THE ENVIRONMENT BEFORE PRINTING THIS E-MAIL
THIS MESSAGE IS PRIVATE AND PRIVILEGED. IF YOU ARE NOT THE PERSON MEANT
TO RECEIVE THIS MESSAGE,PLEASE DELETE IT AND PLEASE DO NOT COPY OR SEND IT TO
ANYONE ELSE.
i
1