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HomeMy WebLinkAboutPW15-309 - Other - Bradley Goodwin - Buyer's Estimated Settlement Statement - 08/27/2015 REuEs-r FOR rnAY®ors SIGNATURE Cf/,//CT ��� ni r,r iiei t:� iort < rocr Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) Approved by Director_ Ori inator: Ingrid Willms-Dixon Phone Originator): 856-5519 Date Sent: August 28, 2015 Date Required:August slst or sooner Return Signed Document to: Ingrid Contract Termination Date:9/10/15 VENDOR NAME: Date Finance Notified: Goodwin (only required on contracts 10 000 and over or on any Grant) DATE OF COUNCIL APPROVAL: Date Risk Manager Notified: 8/4/2015 _ (Required on Non-City Standard Contracts/A9reements) Has this Document been Specifically Account Number: Authorized in the Budget?DYES UNO Brief Explanation of Document: Escrow instructions for the purchase of the Goodwin parcel, adjoining the Guieberson Water tank. I Al/Contracts Must Be Routed Through The Law Department Received: (This area to be completed by the Law Departtdrt), Law Dept. Comments: Date Forwarded to Mayor; n ° i;?1 w A i"111(0" Shaded Areas To Be Completed By Administration Staff Received, Recommendations and Comments: Disposition: '9// � �G v� I ����� /I el LDateReturned:r o cUm:m woa::m�wz i�suor. r are t rddour FirstAmerican Tide Insurance Company „';fl'mrdmerrwn 5658 Renton Village Place#760•Renton,WA 98067 Office Phone:(425)873-17000f8ce Fax:(866)3604598 Buyer's B'sdmated SeWementStatement Property; 520 Kensigton Avenue,Kent,WA 98030 File No: 4211-2495988 Lot 19.21 . Officer: Cheri Bakos/clb - Estimated Settlement Date: 0910212016 ', Disbursement Date: Print Date: 08/28/2016,8:07 AM Buyer: City of Kent Address: Attn:Property Management,220 Fourth Ave S.,Kent,WA 98032 '..... Seller: Bradley Goodwin Address: 718 Griffin Ave,#906,Enumclaw,WA 98030 Charge Description Buyer Charge Buyer Credit '.. Consideration: Total Consideration_ —_ 115,000.00 De�oslta in Escrow."_"_ __ Recei tp No'427117081 an 0728/2015 6y Kent Barber ._.._____ _"__ 2500,00_ Prorations: _ 279.87 Commission: C_ommission Peitl al Sealament to John L Scott Real Eslafe.___.T_T,______ ___ 2,300.00 ____,_ TltlefEscrow Charges to:__________ EsgrpwlClasing Fee to FlrstAmedran Title Insurance Company$1,220.00 Sales Tax: 667.95 $115.90 Record Werra t Dead-First to First American Title Insurance Company-____._-_.__"_"__ 73.00 Disbursements Pald: Reimbusemenlfor Earnest Monte to Kent Barber Reimbursement for APpmisel to Kent Barber350.00 Cash(X From))j To)Buyer 118J11.08 Totals 120.690.95 120,890.95 BUYER(S): ' City of Kent,a We hington Municipal Corporations By. l F me: ette Cooke ,r a r First American Title Insurance Company -By �$ Cheri Bakos II Initials: Page 1 of 1 i I Arat American 7 Ftle Lwvnrxa Canpen y d'y m j A t7.111 verge 555 S Renton Village Place R760 6 Renton,WA 96057 Phn- (425)873-1700 FaK- (866)3604596 To: First American Tltie Insurance Company Date:July 28,2015 Escrow Officer:Cherl Balcos File No.: 4211-2495988(rib) Re: 520 Kensigton Avenue,Kent,WA 98030 Tax Account No.: 918370114509 We, the undersigned, hereby acknowledge that we understand the property taxes on the above referenced - property are due and payable twice annually,and we further acknowledge the due dates of said taxes to be on or before April 30th(for the first half)and on or before October 31(for the second half)of each year. We further acknowledge that we understand First American Tide Insurance Company shall not be responsible for payment of any property taxes due after dosing. We have reviewed and understand our estimated closing statement showing the property pro-rations of current taxes to the date of closing. After closing,we shall take full responsibility for contacting the County in the event We have not been noted by them prior.to the next due date of taxes. We have also been Instructed by First American 'title Insurance Company to request the current years property tax statement from the Seller, and acknowledge First American Tide Insurance Company shall not be responsible for obtaining said statement. Datedthe,AOdayof City of Kent,a Washington Municipal Corporation ills , BY.' Nam : u tte Cooke Mile" 49 I Page 1 of 1 I •..p• fhs5 Renton age Place Campeny + f d meric RnW, A V57 Place#7G0 L�1J/� Rent- WA 873-1 Pax- (4d5Ja79-17g0 Fax- (666)360-9596 ' To: First American Title insurance Company Date:July 28,2015 Escrow Officer:Cher[Bakes File No.: 4221-2495988(clb) Re: 520 Kenslgton Avenue,Kent,WA 98030 DISCLOSURE ON TITLE REPORT The undersigned parties have received a copy of the preliminary title report for the above referenced transaction, and understand its tterms and conditions: Dated th &I ay of 20—/-5 T City of Kent,a Washington Municipal Corporation C�y�, By: Nam Suz tte Cooke T :May r Bradley Goodwin Page 1 d 1 I ffttAnm &W rOO 10"mnca[bm)VOY ArstAmej Qan 5555RentonVillagePlace9760 Renton,WA 98057 Me- (425)973-170D Fax- (865)360-4596 DISCLOSURES TO THE PARTIES UNDER APR 12 Dated:August 23,2015 File No,:4211-2495988(Clb) IN ACCORDANCE WITH THE REQUIREMENTS OF A.P.R. 12 OF THE SUPREME COURT OF THE STATE OF WASHINGTON, FIRST AMERICAN TITLE INSURANCE COMPANY AND THE CLOSING OFFICER SPECIFIED BELOW HAVE THE DUTY TO INFORM YOU OF THE FOLLOWING: 1) The Closing Officer Is not acting as the advocate or representative of either of the parties; 2) The Closing Officer will prepare documents which affect the legal rights of both parties; 3) The parties may have differing Interest in the documents; 4) The parties have the right to be represented by lawyers of their own selection and each party may have a separate lawyer; 5) The Closing Officer cannot give legal advice to the parties concerning the manner In which the documents affect those parties. The Closing Officer is only permitted to select and complete documents which have been approved by the Limited Practice Board in accordance with a written Purchase and Sales Agreement which contains all of the basic terms of the transaction. The Closing Officer is not pennttted to negotiate terms which are not Included in the written Purchase and Sales Agreement. The Closing Officer Is not permitted to practice law. In this transaction your Closing Officer is: Cheri Bakos FIRST AMERICAN TITLE INSURANCE COMPANY By: Cheri Bakos,LPO#2854 Please acknowledge receipt of the foregoing Notice of Compliance with A.P.R.12 and that you have read the some by signing your name(s)to the copy of this Notice on the signature line(s)below. (If such Notice has been hand delivered or mailed to you, please return the copy of the Notice showing your signature(s) in the enclosed, self addressed envelope.) We will be unable to continue with the closing until we have received the signed Notice from you. I have received and read a copy of the Disclosure,and understand its contents this day of zo 15 City of Kent,a Washington Municipal Corporation By: ame: u ette Cooke _ Ti 14,: ey r ',....., 7 Bradley Goodwin I PAAAm Wn rWOOSUMa Company 555 S Renro Village Plac #760 First American mer1Oc Ren,,WA 96057 Phn- (425)873-1700 Fax- (866)360-4596 ATTACHMENT TO DISCLOSURES TO THE PARTIES UNDER APR 12 Date:o7/28/2015 File No.:4211-2495988(clb) THE FOLLOWING DOCUMENTS INITIALED HAVE BEEN SELECTED AND PREPARED BY THE LIMITED PRACTICE OFFICER. cib EXCISE TAX AFFIDAVIT SUPPLEMENTAL EXCISE TAX AFFIDAVIT LPB 10 STATUTORY WARRANTY DEED LPB 11 STATUTORY WARRANTY DEED(FULFILLMENT OF REC) LPB 12 QUIT CLAIM DEED LPB 13 SELLER'S ASSIGNMENT OF CONTRACT AND DEED LPB 14 PURCHASER'S ASSIGNMENT OF CONTRACT AND DEED LPB 15 BARGAIN AND SALE DEED LPB 16-09 SPECIAL WARRANTY DEED LPB 20 DEED OF TRUST(SHORT FORM) _ LPB 21 ASSIGNMENT OF DEED OF TRUST LPB 22 DEED OF TRUST(LONG FORM) LPB 22A DEED OF TRUST LPB 23 REQUEST FOR FULL RECONVEYANCE LPB 24 REQUEST FOR PARTIAL RECONVEYANCE LPB 28A PROMISSORY NOTE LPB 29 REQUEST FOR NOTICE LPB 30 BILL OF SALE LP8 35 SUBORDINATION AGREEMENT LP8 44 REAL ESTATE CONTRACT(SHORT FORM) j LPB 45 REAL ESTATE CONTRACT(LONG FORM) LPB 50 MORTGAGE(STATUTORY FORM) LPB 51 SATISFACTION OF MORTGAGE LPB 52 PARTIAL RELEASE OF MORTGAGE LPB 60 RELEASE OF LIEN LP8 61 PARTIAL RELEASE OF LIEN _ LPB 62 SATISFACTION OF JUDGMENT . INITIALS? ',,. i WHEN RECORDED RETURN TO: City of Kent 220 Fourth Avenue South Kent, Washington 98032 ATTN: Property Services '... Grantor: Bradley 7 Goodwin Grantee: City of Kent Abbreviated Legal Description: LOTS 19-21, BLOCK 11 WASH,INGTON ',.. CENTRAL IMPROVEMENT COMPANY'S KNOB HILL ADD TO KENT VOL. 5, P 97 KING COUNTY Additional Legal Description on: Exhibit A �', Assessor's Tax Parcel ID No.: 9183701145 i STATUTORY WARRANTY DEED Bradley J. Goodwin, an unmarried man ("Grantor"),for and in consideration of mutual benefits derived and/or other valuable consideration,receipt of which is hereby acknowledged by Grantor, conveys and warrants to the City of Kent, a Washington municipal corporation("Grantee"),for any and all municipal purposes,as Grantee,the following described real property situated In King County,State of Washington: SEE EXHIBIT"A"ATTACHED STATUTORY WARRANTY DEED (Individual)-Page 1 of 2 'I GRANTOR: By: Date: STATE OF WASHINGTON ) )ss. COUNTY OF KING ) I certify that I know or have satisfactory evidence that Bradley J.Goodwin Is the person who appeared before me, and said person acknowledged that he signed this Instrument and acknowledged it to be his free and voluntary act for the uses and purposes mentioned In the Instrument. Dated: -Notary Seal Must Appear Within'th/saox- IN WITNESS WHEREOF,I have hereunto set my hand and official seal the day and year first above written. (Signature) NOTARY PUBLIC,In and for the State of Washington,residing at My appointment expires APPROVED AS TO FORM: Name: Kent City.Attorney P!.CNIEJw``ApmPArW3�9MryWohiaPSA,WiywJSYMa,WunmyDee4f"m1W➢�n/.me STATUTORY WARRANTY DEED(Individual)-Page 2 of 2 Exhibit A LOTS 19, 20 AND 21, BLOCK 11, WASHINGTON CENTRAL IMPROVEMENT COMPANY'S KNOB HILL ADDITION TO KENT, ACCORDING TO PLAT THEREOF RECORDED IN VOLUME 5 OF PLATS, PAGE 97, RECORDS OF KING COUNTY,WASHINGTON. Subject To: This conveyance is subject to covenants, conditions, restrictions and easements, it any, affecting title, which may appear in the public record, including those shown on any recorded plat or survey. Assessor's Tax Parcel No: 9183701145 I I nryme�enuf R woftnasona REAL ESTATE EXCISE TAR AFFIDAVIT This famr is ywr recap[ PLEASETYPEORPRINT CHAPTER82.45 RCW—CHAPTER 458161AWAC whatolmnPedbyrnshiw. 7nm AFFIDAVIT WU.L NOT BEACCl97ED UNLESS ALLARBASONALL PAGES ARE FULLY COMPLETED (Bmbwtaflmtpage(m imbuvlbw) ❑Chmkbox ifpaNd aelvaf3evpvay ffmubipleoanen,IvlpacmtagaafvwnvahiPnniknoma t Names BRADLEYI.GOODWA,AS HIS SOLE AND Names CHY of Ken,a Wasbin9mn Mun(cipal Catpuratian 6EPAHATE PROPERTY ga c Mdliog Add 716 Griffin AYe..7906 r [cm eiling Addn� ALlnt PfOpBltyManegemeltq 220 TnuHh cltyisanovp EnumdowWA96030 � hy/3mldzip Kent WA9SD32 PhoneNo,(fnchWing area wde) haa,No,(lochdmgmm and.) Sud illPa@aryWm�rtryoodaav b: ❑% SomeeiryNGnNa Nnill relem Pr°omlPmPady M1xpaRelso-amu Liriasswed vduds) nmbasskxk box nyeaa�al maP<m Nouns BI6370114509 n 0.00 Mating Addae 0.00 citylstaia 1p 1�1 Pomro Ns.(fimNdingmw wde) 1525 1 I Shea address ofpmperty: 520 Kenslpdon Avenue,Ken,WA 98080 This pmpary is boated in Kent ❑ Chmk 6ux ifwYo[16,0nW Pameh mebeivgaegagakd foam mMha Pama me panufeboumary Ime mjmkam(mPm°ek6®gmvge3. Legsl daauiptloa ofpopetypfmme spm+eu nea1N yoa may ahxh esrya deaht4 m cwb pageoffie etiMevk) LOTS 19,21)AND 21,BLOCK 11,WASHINGTON CENTRAL IMPROVEMENT COMPANY'S KNOB HILL ADDITION TO KENT, ACCORDING TO PLAT THEREOF RECORDED IN VOLUME 5 OF PLATS,PAGE 97,RECORDS OF KING COUNTY, WASHINGTON. Sclmaland Use Cod s: List ell pasand prat dy(huspblo and lrtanglbie)included in tilling II, 99 prics. auamryodditlmmlcodes: ',. (See bvekof lout pagc vFiwhuctlolmj YES NO Wm WemRaraxivin8apr°pcdy tax aemptloaadefard ❑ Yndachspka A436,8497.a 84.381tL'W(mnprogt '. aigansl isso,ambrdtrsaa,ord;Gvbledprs°4b°mmxmer wnh ImRedmaome)7 YES NO Rchdrangmr escamplim,fist WACnumbaard remon for exarpdon: Is this properly dWp.W ae forest h ul pa ahopla 84.33 RCW?❑ Isibis pmperty cleseified as cuvmlusa(.P.opens,foam and ❑ ® WACNo,(Sa47on/Subww.) ogrimdeva4 m1®baJ load par Chspw 84.34 RCW? , 41M1U Pmpatyrt,dving epaid vduedim wldakrical propray ❑ © Rensaafvr exanptlon pachapla8426 RCW? - I Ifs,son,ae aRym,ano da,as lasmanrd balm (H N0710E OF COWINUANCE(FORFSP LAND OR GURRPNf WE) TypvoFDxummt smwrow Waerenty Deed NEW OWNEKS): To c°minus Ib, cocas don aniav as bnoU lam or slaaiEmlimtamuanttuv(aPm Wac°fmmmW agrlevfsRs.ml®ba)3and,Yo° DmeaCDoumail .0 rigs no(3)brlon. 7be county aoaeasor now:Ihm daomm,ff We lam GmeSallng Priors 115AODAD narefarcd MntleaeskgoeHCy and wilt lodieale by efgdng blow, ffkeloadm bags gmlifn oryou dv oat wiehkcovEvuc We daigootloa mckeierotioob "PasomlPn'pMy(drdva) S i wN beramved and kecvmpmsMBmmditiavd tone will bednenndpsysbl, Esa'flouc bxd(daw1) S by the aIla or trm fem at 1b,times of mla (RCW M33.140 or RCW Tmabb3dlingPdce S 115A00.00 84.34308),Priorb dgoing(3)below,you may oamwtyvmbrat rooatyea>saor p;cuc7§r : $We S 7.,472.00 fb,.Mhrrwm.uon, 7b'a land ❑ dam ❑daaoatri-141aasollnoenaa keel S 575.00 +DellmmmtNtaaC Slate S DEPUWASSPSSOR DATE Least S (2)NDI7C60FCOMPLIAI'10E(HIF1'ORIC PC(OPeRTY) >Ddivyomtpwdfy S NEWOWNBB(S):TocombmagwWYd marhisindepropaty,Ifgo(3) Sallow S 2047.00 brlon.Ulhanew ownn(e)doesrwtwidibv®woe,oO odditi°mllmr eulmdated a3toteTabovbgy Pw 3 S.DO porasoat m aboyta8426 ftCW,ahell6aduvand peyableby lbeaeAaor hamfo°Y e1Wc�eoCsala +AfEdovitPivr Tow Pa S (3)On7SER(3)SIGNATURE ToklDee $ 2.052A0 A MI[RMDM OF$m.0013 DUE IN"E(S)ANWORTAX PRIM NAME +SED INSTRUCITONS ))) I CERTIFY UNDER PENALTY OFPBR/URY7TIATTHE PORHGOQiC187RUE columucc. 8ignshveof. SgnalvmvE GrardarorG.(aV.Agent GonsarsrGroclWIAWI Namo(priat) Bmdle9Goodwin Nmov(pdnD d.1Ni� o `� Dote&city assigning: Renton Oak&oily afvgo;rag: /J ry )� �K- PerjerytPe,jurylseclam Cfelauywhieblapu6babl,bybprisvnmadin W4al9e wmttfiond instihlgon renmei mkrmoCoo(mam Ytmrfiveyeam,or by u fine in m mmwlfgrdby thawun afnot Imm IbM frvelbnmam dollms(S5,000.00),orbyboW impTLw=ntmd Ene(RCW 9A.20.020(IC)). REV 890001n(W2Wi4) TIM SPACE-TRIASURWS USE OMY COUNTY TREASURER RatAmencen Mfolaw mnm Lbmp,any Arst q e'8.fll meek 555 S Renton Nllage Place#760 i Renton,WA 9e057 ' Phn- (925)8T3"" F. (a66)a60Z(i ESCROW INSTRUCTIONS VACANT LAND Buyer: City of Kent Seller: Bradley Goodwin Title Commitment: Title commitment number 4211-2495983 Escrowee: First American Title Insurance Company Escrow Officer: Cheri Bakes Property: The real property described In the Title Commitment A. Instruct/on To Close Escrowee has been provided a copy of the Purchase and Sale Agreement dated August 5,2015 and/or other documents,agreements and addenda which constitute Seller's agreement to sell the Property to Buyer (collectively,the"Purchase Agreement"). Buyer and Seller Instruct Escrowee to act as an Independent third party to close the purchase and sale of the Property(the"Transaction")in accordance with the Purchase Agreement and these instructions.In the event there Is a variance between: (1) the terms of the Purchase Agreement;and (2) the final terms of the Transaction as evidenced by the documents delivered under these or other instructions,and the closing statements agreed to by the parties, then Escrowee shall close the Transaction in accordance with the items described In(2)above. Buyer and Seller acknowledge and agree that: (a)all terms and conditions of the Purchase Agreement have been met,waived,or satisfied,or will be resolved outside of escrow and they are no longer to be considered as conditions to this closing; (b)Escrowee shall not be responsible for such terms and conditions;(c)Seller's Di closure statement required under Title 64 of the Revised Code of Washington("RCW")will be delivered or wahted outside of escrow and is not to be considered a condition of closing:and(d) Fiscrowee will not Lead nor have "bility or liability whatsoever for the matters contained In Seller's Disdosure Statement. ft Title Commitment Buyer and Seller acknowledge they have received a copy of the Title Commitment and have examined the legal '.. description contained therein and acknowledge it is a full and correct description of the real property that is the subject of this Transaction. . . C. &mwwee's Preoaradnn Of Documents In performing Its duties under these Instructions,Escrowee may select,prepare and complete certain documents lip including,but not limited to,deeds and deeds of trust. Escrowee advises Buyer and Seller to consult their own attorney prior to signing these documents. Buyer and Seller acknowledge that: Page t of B I First American Tide Insurance Company File No.:4211-249598E(clb) II, Date:August 27,2015 '.. 1) These documents may substantially affect their legal rights; 2) Escrowee Is not licensed to practice law; 3) Neither Escrowee nor Its employees are permuted to offer legal advice of any nature,nor have they done so; 4) Neither Escrowee nor its employees are permitted to offer advice as to the merits of a l transaction or the manner In which title is held,nor have they done so. D. OehvervofDocuments and Funds bv5e!ler Seller has or will deposit with Escrowee the documents identified below relating to the Property. Any deed(s)will list the grantee(s)as City of Kent,a Washington Municipal Corporation. Escrowee shall record,die,release and/or deliver such documents when Escrowee has deposited all necessary funds and all other pre-requisites to closing have been satisfied. (X I Warranty Deed [X] Excise Tax Affidavit ( ] Bill of Sale [ ] Real Estate Contract(to bejobatlyexecuted by Buyer) [ ] Deed In fulfillment of said Contract(To be relomed to sellers Pme�on on dosing) [ ] Additional Documents: If necessary,Seller has or shall deliver to Escrowee such funds as are required to close the Transaction. Escrowee is instructed to provide a certification that Seller Is not a"foreign person"within the meaning of the Foreign Investment in Real Property Tax Act("FIRPiA"). Seller shall sign this certification. IF Seller is a foreign person,and this transaction is not otherwise exempt from FIRPTA,Escrowee is Instructed to withhold and pay the required amount to the Internal Revenue Service. E. Payment o/Encumbrances and Seller Charoes Seller authorizes Escrowee to pay all encumbrances(except those to be excepted from coverage in the title insurance policy)and all other disbursements and charges shown on the estimated closing statement which Seller signs contemporaneously with these Instructions. If there are underlying encumbrances being paid off which require the obtaining of a Fulfillment Deed,Reoonveyance,Release or Satisfaction(collectively,a"Release Document'),Escrowee shall pay the demand of the appropriate party and obtain and record such Release Document Seller approves payment of the amount of the demand,Including interest and/or penalties and late charges,as shown on the dosing statement,even if Escrowee has not been able to obtain written verification of the amount claimed as due, In the event the final written demand is higher than that shown on the closing statement,Escrowee shall have the option to either(a)deduct the shortfall firm any of Seller funds held by Escrowee;or(b)demand that Seller immediately pay the shortfall Into this escrow,which Seller agrees to do. Seller acknowledges that: (1) the payoff figures on existing encumbrances may accrue daily interest,, I (2) existing encumbrances are not considered paid in full until sufficient payoff funds are received by the party entitled thereto; (3) Escrowee's payment or the encumbrance will include Interest through the date of anticipatedI, receipt of funds by the party entitled thereto,plus such extra interest as Escrowee deems appropriate to ensure sufficient funds are delivered, Escrowee shall Instruct the party being paid to promptly remit any excess funds directly to Seller;and Page 2of 9 First American Title Insurance Company File No.:4211-24959BO(clb) Date:August 27,2015 (4) Escrowee may transmit documents,payoffs,checks,letters and communications by regular service through the U.S..Mail,private carrier,personal delivery,telephone,or wire or wireless electronic transmission or transfer. If items are deposited In the U.S.Mail system a minimum of five(5)working days before any deadline,Escrowee shall be relieved and discharged of any and all liability,and the obligated principal shall Indemnify Escrowee against any and all claims resulting therefrom,and If additional funds are needed to satisfy these claims,the obligated principal shall deposit same promptly. F. ttei%Vary ofPacumanfs and Funds hy Buver Buyer has deposited with Escrowee the sum of$2,500.00,in U.S.funds as earnest money. Buyer(and/or Buyer's lender)have or shall deliver to Escrowee such additional funds as are required to close the Transaction. Buyer has or will deliver to Escrowee such documents as may be required of them to close the Transaction. Escrowee shall disburse the funds when Escrowee: (a) has recorded the necessary conveying document and/or such other documents as are required by the Transaction;and(b)can cause to be issued a policy of title insurance as called for in the Purchase Agreement,and as may be required by the lender,Insuring title in(if by deed)or an interest In(if by contract),the named Buyer,free from encumbrance other than matters attaching by,through or under the Buyer,and the following paragraph(s)as set forth in the Title Commitment:2nd 1/2 2015 taxes,3,5-6.The title Insurance policy shall contain those insuring clauses,exceptions,exclusions, provisions and stipulations customarily contained In the printed provisions of such policy or policies. G. PaymentofBuver Charoes Buyer authorizes Escrowee to pay those charges and adjustments as itemized on the Closing Statement,which Buyer signs contemporaneously with these instructions. H, Changes to C/asino SYabe/nent Closing statements and closing disclosures are subject to final adjustment and audit,and may be amended to reflect actual charges and adjustments at the time of closing. If any monetary error is discovered on a closing statement or dosing disclosure the party liable therefore will promptly pay into escrow for disbursement such amounts as may be necessary. z Pro-Rations Pro-rations will be based on a 365-day year and will be calculated based on the date Transaction documents are recorded. Taxes on real property will be pro-rated based on the latest available tax figures. Buyer and Seller acknowledge that taxes may currently be assessed on land value only and that taxes for the current and prior years may be later revised to include taxes on improvements constructed on the Property prior to closing. If, after closing,such additional taxes are assessed,Buyer and Seller will promptly pay to the appropriate taxing authority their respective share of said taxes pro-rated as of the date of closing. ), Payment ofesemW Fee Buyer shall pay one-half of Escrowee's escrow fee unless either:(a)this Transaction Is financed by the Federal �I Housing Administration("FHA')or the Department of Veterans Affairs('NA");or(b)the terms of the Purchase Agreement Instruct otherwise. If the conditions described in either(a)or(b)above are present,Escroweds fee shall be paid according to FHA or VA regulations or the Purchase Agreement,taco party may pay one-half of the scheduled escrow fee,but shall be entitled to any applicable filed discount offered by Escrowee or the title Insurer insuring the Transaction,which may result in one party paying a lower escrow fee than the other,In the event the Sellers closing instruction places a limitation on the Seller's payment of escrow or title fees,Buyer will be Page 3 or a 'i First American Title Insurance Company File No.:4211-2495988(clb) Date:August 27,2015 responsible for the balance of the escrow and/or title fees as necessary to comply with state filed fees if applicable. GENERAL PROVISIONS 1.The value of fuel oil remaining on the Property Is to be pro-mted and paid for outside of escrow between the Buyer and Seller. Buyer and Seller acknowledge that Seller Is responsible for the(lens set forth in R.C.W 35.21.290;35,67.200;36.36,045;36,89.065;36.94.150;57.08.081 or 87.03.445. In accordance with R.C.W. 60.80,Seller may request that Escrowee administer disbursement of closing funds necessary to satisfy the unpaid charges set forth above. Escrowee is not liable if the Escrowee's refusal to comply is based on the Seller's inaccurate or incomplete identification of utilities providing service to the Property or If a utility company falls to provide an estimated or actual final billing,or written extension of the per diem rate or if disbursement of closing funds necessary to satisfy unpaid charge would violate R.C.W.18.44.070. A fee may be charged for performing the services described in this paragraph. 2.Escrowee shall have no responsibility or liability regarding possession of the Property,the condition of the Property,or the suitability of the Property for its intended use, 3. Seller warrants that all homeowners association dues and/or assessments are paid to date and no delinquencies exist. Buyer assumes responsibility for all subsequent dues and/or assessments. 4.Escrowee is authorized to:(a)fill In the date of close of escrow and such other necessary dates on any documents which require same;and(b)correct any typing or scriveners errors on any documents delivered into escrow. Date of closing means the date on which Instruments are recorded. Escrowee is authorized to record any Instrument delivered into this escrow,If recording Is necessary or proper for the issuance of policies of title Insurance. 5.All disbursements shall be In VS.funds and shall be by Escrowee's check,or by wire transfer. Escrow funds will be placed in an escrow account which will pay no Interest to the depositor unless specifically requested and all other preconditions to earning interest are satisfied. All funds delivered Into escrow are subject to immediate deposit,and all checks must clear and be credited to Escrowee's trust account as good and sufficient U.S.funds before dosing can be completed. Any delay In clearing deposits will delay closing. 6.In the event this escrow fails to close,a sum sufficient to pay title commitment and escrow cancellation charges shall be paid,and as appropriate,may be deducted from funds held. 7.Compliance with ordinances,including but not limited to city or county short plat(subdivision)ordinances are the responsibility of Buyer and Seller and Escrowee shall have no responsibility therefore.Any and all charges for building permits or assessed charges in connection therewith will be handled outside of escrow. B.Upon their request,Escrowee may furnish a copy of these instructions,closing statements and/or any other documents deposited In this escrow to the lender or lenders,the real estate broker or brokers and/or the attorney or attorneys involved In this Transaction. Page 4of 8 First American Title Insurance Company He No.:4211-2495988(db) Date:August 27,2015 9.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,or In the event conflicting demands or claims are made with respect to this escrow or the rights of any of the parties hereto,it is expressly agreed that the Escrowee may,In Its sole discretion and at Its election,do any or all of the following:(a)withhold and stop all further proceedings in performance of this escrow;(b)hold all documents and funds in their existing status pending resolution of the dispute;(c)Issue a check to either Seller or Buyer,made payable jointly to Seller and Buyer,in the amount of the ',... sums In dispute;or(d)join or commence a court action in Interpleader,deposit the money and documents held by It with the court,and ask the court to determine the respective rights of the parties. Upon depositing said funds and documents with the court,Escrowee shall be Immedlately fully released and discharged and shall have no further duties or responsibilities under these Instructions or this escrow. The parties jointly and severally agree to pay Escrowee's costs,expenses and reasonable attorney's fees incurred In any lawsuit arising out of or in connection with the Transaction or these Instructions,including but not limited to a suit in Interpleader,whether such lawsuit is Instituted by Escrowee,the parties,or any other person, 10.Any additional instructions given to Escrowee shall be presented In writing. Buyer and Seller acknowledge ; that Escrowee may receive instructions from third parties(e.g.,lenders,grantors,vendors,etc.)which are necessary for the completion of this escrow and are,therefore,made a part hereof. 11.These escrow instructions,and amendments hereto,may be executed in one or more counterparts,each of which independently shall have the same effect as if It were the original,and all of which taken together shall constitute one and the same instruction. 12.Title to equipment,fixtures,personal property or encumbrances or liens thereon or personal property tax or sales tax associated therewith are not a part of this escrow and will be handled outside of escrow. 13.Buyer and Seller have been afforded adequate time and opportunity to read,understand and approve these Instructions and all documents referred to herein. 14.Escrowee may destroy these instructions and all records of this escrow,regardless of date of same,at any time after seven(7)years from the date of these Instructions without liability and without need of further notice to or from Buyer and Seller. i 15.Internal Revenue Code Section 6109(h)imposes requirements for furnishing,disclosing,and including taxpayer identification number in tax returns on the parties to a residential real estate transaction Involving seller- provided financing. Buyer and Seller understand that the disclosure reporting requirements are exclusive obligations between the parties to this transaction and Escrowee Is not obligated to transmit the taxpayer Identification numbers to the Internal Revenue Service or to the parties. Escrowee Is not rendering an opinion concerning the effect of this law on the Transaction,and the parties are not acting on any statements made or omitted by Escrowee or any of Its employees or agents. To facilitate compliance with this law,Buyer and Seller authorize Escrowee to release any party's taxpayer identification number to any requesting party who is a party to this Transaction. The requesting party shall deliver a written request to Escrowee. Buyer and Seller waive all rights of confidentiality regarding their respective taxpayer Identification numbers and agree to hold Escrowee harmless against any fees,costs,or judgments incurred and/or awarded In connection with the release of taxpayer Identification numbers. Page 5of a First American Title Insurance Company File No.:4211-2495988(clb) Date:August 27,2015 16.If any documents have been deposited with Escrowee which Escrowee is being instructed to record but not insure,the parties depositing the documents acknowledge and agree that Escrowee is recording these documents as an accommodation and as a courier only,out of physical convenience,and that no title Insurance will be Issued or escrow services rendered in connection therewith.By accepting and recording these documents Escrowee establishes no contractual or Flduclary responsibility with or to any parties and makes no representations or guarantees as to the mriteht,authenticity,validity,recordability or effectiveness of the documents.further,Escrowee makes no representations or guarantees as to the time,date or place of the recording,and the depositing parties shall be responsible for all recording costs,taxes and fees related to said documents.The depositing parties hereby indemnify Escrowee for any liability it may have,or be alleged to have, related to said documents,which indemnity Includes a duty of defense and payment for any costs and attorney's fees Incurred In defending or preparing to defend any claim or allegation of liability against Escrowee. 17.Buyer and Seller acknowledge that this transaction may be subject to various state and federal laws and regulations dealing with lending practices,Including,but not limited to,laws and regulations requiring lenders to obtain proper licensing. Escrowee advises the parties to seek competent legal counsel to ensure compliance with these laws and regulations. The parties represent,warrant and agree that: (a)they have compiled with all such laws and regulations;(b)Escrowee shall have no responsibility or liability regarding their compliance therewith; and(c)they shall Indemnify and hold Escrowee harmless from and against any and all claims,demands, damages,losses or costs(including attorneys'fees and costs of defense)incurred by Escrowee relating to such laws and regulations. ADDITIONAL INSTRUCTIONS: Subject to the provisions of Paragraph No.8 of the above GENERAL PROVISIONS,these instructions shall expire and become Invalid upon the earlier to occur of(a)thirty(30)days from the date of the last signature of Buyer and Seller below;or(b)the receipt by Escrowee from Buyer and/or Seller of a written revocation of these Instructions Dated the day of .20_ SELLER: Bradley Goodwin Mailing Address: 718 Griffin Ave,#906,Enumclaw,WA 98030 Dated theday of u.5 20�✓� BUYER: Citytif Kent, "We hington Municipal C'rporation raga 60 s First American Title Insurance Company File No.:4211.2495988(clb) Date:August 27,2015 By: Name:Suzette Cooke Title:Mayor Mailing Address: Attn:Property Management,220 Fourth Ave S.,Kent,WA 98032 I I i Page 7 of 8 i I i i i First American Title Insurance Company File No.:4211.2495988(c16) Date:August 27,2015 i I Page 8 of 8 I h7ntAmerlcan Y,tlelnsurance[ampany '.., ^e, 555 S Renton Vlllaga Place#760 First Al%1eriam Renton,WA 95957 Phn- (425)873-1700 fax- (866)360.4596 Date:July 28,2015 To: First American Title Insurance Company File No.: 4211-2495968(db) Escrow officer:Cheri Bakes Re: 520 Kenslgton Avenue,Kent,WA 98030 Please Indleate b010w the manner In which you wish to receive proceeds due you,If any,after closing: Hold check for pick-up-Phone Mall check to Forwarding Address Below ,k* ❑ Wire proceeds to Bank As Shown Below Overnight Mail to Forwarding Address below P(eaae he aware matrrywarmt w haw yaerprooaeda w1Md, yoa,f kmay 0waa araa fw..w'uw the afacvanla hansA Forwarding Address: Bank Name: Address: Name on Acet: '--- Account No.: Routing No.: (fw—WL-j Phone No.: ( ) Type of Account: ❑ Checking Savings P.M. **IF YOU CHOOSE TO HAVE FUNDS WIRED YOU ARE sUWECr TO A WIRE CUT OFF TIME OF AND You MAY INCUR CHARGES DY YOUR BANK. WE MUST HAVE RECORDING NUMBERS IN ORDER TO SEND OUT A WIRE. IF We DO NOT HAVE THOSE TWO ITEMS FUNDS WILL BE WIRED THE FOLLOWING BUSINESS DAY- Initials; Initials: e Please initial Any further instructions: BUYER(S): ICI City of Kent,a Washington Municipal Corporation By: Nay��e/:Su ette poke Ti le:Me r L