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Home My WebLink AboutPK16-150 - Original - Estate of Bertha M. Wallace - Walla Property Acquisition Disclosure, Closing & Escrow - 04/19/2016 o r� ❑ ❑��/r a r �rifz s❑��iff l ii� r!� Gir IIPai i�� /1✓lg Aj raI �r11J , R,, ,,, 1z: cords M r Document WASH I N 07ON ✓ii��/fi��❑�� I%�lri il�J�f��Jjf�l i fl�r�,✓ CONTRACT COVER SHEET' This is to be completed by the Contract Manager prior to submission to City Clerks Office. All portions are to be completed. If you have questions, please contact City Clerk's Office. Vendor Dame: Estate of Bertha M. Wallace, deceased Vendor Dumber: ID Edwards Number Contract Dumber: PK16-150-003 This is assigned by City Clerk's Office Project Dame: Walla Property Acquisition Description: ❑ Interlocal Agreement ❑ Change Order ❑ Amendment ❑ Contract Z Other, Disclosure, Closing and Escrow documents Contract Effective Date: 4/19/16 Termination Date: Contract Renewal Notice (Days): 0 Number of days required notice for termination or renewal or amendment Contract Manager: Lynn Osborn/BL Department: Parks Planning & Dev. Contract Amount: $1,250,000.00 Approval Authority: ❑ Department Director ❑Mayor ZCity Council Detail: (i.e. address, location, parcel number, tax id, etc.): Closing Documents for the Walla Property acquisition, 5.55 acres located at 12415 5E 240 Street, parcel #212205-9044; property is part of the Clark Lake Assemblage and will be incorporated into Clark Lake Park Division contract #PPD16-12 adccWI0877_8_14 � W G r m a � r i � f I j I u II l � r it * OLD REPUBLIC n mE,mv. 216 W.Gowe Ste.200•Kent WA•98032-(253)813-9394•FAX(253)479-5522 City of Kent Date: June 9, 2016 220 Fourth Avenue S. Escrow No.: 5216015512-JL Kent,WA 98032 Escrow Officer: Jacalyn Larson Settlement Date: June 13, 2016 Property: 12415 SE 240th Street, Kent,WA 98030 Estimated Buyer's Settlement Statement Item Debits { Credits Sales Price _ _ 1,250,000.00 { _Deposit to Escrow M— 15 000.00 _Deposit by C!ly of Kent _ 151.000.00 _ _ New 1st loan from All Cash _ _ 0.00 Prorata R.E.Taxes,06/13/16 to 07/01 16 18 days @$13.4875 (est.) _ —�_ 242.78 Title Charges — CLTA Standard Owner's to Old Republic Title,Ltd. _ —_ _ 2,497.95 Recording Fees _ _ _ 73.00 _ Deed to Ltd.Old Republic Title _ —_— __-- 73.00 Other Title Fees _ 1.00 Recording Service Fee to Old Republic Title,Ltd. _ 1.00 Due from Buyer(est.) 1 237,814.73 Total __-- —�� 1,252,814.73 1252 814.73 Initials JL/)I Page 1 of 2 OLD REPUBLIC TITLE,LTD. 216 W.Gowe Ste.20 »Kent WA-98032•(253)813-9394•FAX(253)479-5522 City of Kent Date: June 9, 2016 220 Fourth Avenue S. Escrow No.: 5216015512-JL Kent,WA 98032 Escrow Officer: Jacalyn Larsen Settlement Date: June 13, 2016 Property: 12415 SE 240th Street, Kent, WA 98030 City of Kent, a Washington municipal corpora dof"'- By: 1,1 16 Co k , Mayor rA JLla,l Page 2 of 2 * OLD REPUBLIC TITLE,LTD. 216 W.Gowe Ste.200-Kent WA-98032-(253)813-9394-FAX(253)479-5522 WIRING INSTRUCTIONS Wire information for Old Republic Title, Ltd.for the above address; Union Bank 901 5th Avenue Seattle, WA 98164 Federal routing number 122000496 Credit to the account of Old Republic Title, Ltd. Account Number 2350117701 For credit to Escrow Number 5216015512 Please contact your Escrow Officer when you have originated your wire to insure proper credit. You will need to reference your escrow number and the exact amount of the wire you have sent when contacting escrow. PLEASE CONTACT YOUR ESCROW OFFICER IF YOU RECEIVE NOTICE OF A CHANGE TO THESE WIRE INSTRUCTIONS. ON-LINE BANKING TRANSFERS ARE NOT ALL THE SAME. "Electronic Funds Transfer" is a generic term for funds transfers, one of which is an ACH Transfer. On-line banking transfers are often completed through an ACH Transfer, not a Wire Transfer. Old Republic Title, Ltd. rejects all ACH Transfers and returns the funds to the sender(Government Entities/Agencies excluded.) Close of Escrow may be significantly delayed as a result of an ACH Transfer. OLD REPUBLIC TITLE, LTD. DOES NOT AUTHORIZE FUNDS TO BE DEPOSITED DIRECTLY INTO OUR ACCOUNT AT UNION BANK LOCAL BRANCH LOCATIONS. Funds deposited directly into an account of Old Republic Title, Ltd. at Union Bank branches are subject to verification. Verification of unauthorized deposits is not immediate or automated following deposit. Delay in credit of funds to an escrow and delay in Close of Escrow may result. If you want to transfer funds by Wire Transfer from a non-United States financial institution, or have questions with regard to acceptable funds, please contact your Escrow or Title Officer immediately. JUJi- Wiring Instructions * OLD REPUBLIC TITLE,LTD. 216 W.Gowe Ste.200•Kent WA•98032•(253)813-9394•FAX(253)479-5522 SUPPLEMENT TO CLOSING AGREEMENT AND ESCROW INSTRUCTIONS FOR PURCHASE AND SALE TRANSACTION INCLUDING INSTRUCTIONS TO RECORD DOCUMENTS AND DISBURSE FUNDS Property Address: 12415 SE 240th Street Date: June 9, 2016 Kent, Washington 98030 Escrow No.: 5216015512-IL Escrow Officer: Jacalyn Larson Buyer(s): City of Kent, a Washington municipal corporation Seiler(s): Crystal E. Platt, Personal Representative of the Estate of Bertha M. Walla,who acquired title as Berta M. Walla, Deceased 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 and are incorporated herein. THE SELLER HAS APPROVED,SIGNED AND DEPOSITED THE FOLLOWING DOCUMENTS WITH THE CLOSING AGENT UNDER THESE INSTRUCTIONS: Statutory Warranty Deed Real Estate Excise Tax Return THE BUYER HAS APPROVED, SIGNED AND DEPOSITED THE FOLLOWING DOCUMENTS WITH THE CLOSING AGENT UNDER THESE INSTRUCTIONS: 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. Commitment Approved.The commitment for Title Insurance, including the legal description of the property and all attachments, supplements and endorsements to that report, issued by Old Republic Title, Ltd. under order number 5207132991, are approved by me and made a part of these instructions by this reference. The seller warrants and represents that there are no encumbrances or liens affecting the property other than the encumbrances and liens shown in the commitment. The buyer warrants and represents that there are no encumbrances or liens affecting the property of which he or she is aware, other than the encumbrances and liens shown in the commitment. Settlement Statement Approved.The settlement statement prepared by the closing agent is approved by me and made a part of these instructions by this reference. I agree to pay my costs, expenses and JU3l Page 1 of 3 Supplement to Sale Escrow officer: Jacalyn Larson Escraw No.: 5216015512-JL Property: 12415 SE 240th Street, Kent,WA 98030 Date: June 09,2016 other obligations itemized on the 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: 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. Property Approved. I have had adequate opportunity to review the seller's written disclosure statement, if any, and to inspect the property and determine the exact locations 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 frorn any physical condition or defect on, the property, or from the location of its boundaries. A written disclosure statement concerning the property, signed by the seller, was: F-1 Not Received by the buyer. A Received by the buyer on 1q-419 If amended, amendments were r ceived by the buyer on THE CLOSING AGENT IS INSTRUCTED TO PROCEED AS FOLLOWS, Instruction to Close. The closing agent is authorized 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 $1,250,000.00, to be disbursed according to the settlement statement, and 2. Loan proceeds for the buyer's account in the sum of to be disbursed according to the settlement statement, and 3. A policy of title insurance issued pursuant to the Preliminary Commitment for Title Insurance referred to above, insuring the buyer with owner's or standard coverage with liability of$1,250,000.00 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 of Title Insurance: 11 4. Such other policies of title insurance as may be required by any lenders that are providing financing for the transaction. JL/y Page 2 of 3 Supplement to Sale Escrow Officer: Jacalyn Larson Escrow No.: 5216015512-IL Prop": 12415 SE 240th Street, Kent,WA 98030 Date: June 09, 2016 Completion or Correction of Documents. The closing agent is authorized to correct any scrivener's 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 real estate taxes for the current year, recurrent assessments if any, and . All pro-rations shall be calculated as of June 13, 2016 Proceeds Check: Seller will pick up proceeds check. Mail proceeds check to seller at: Other(Le, wire, deposit...): Additional Instructions: All terms and conditions of the Purchase and Sale Agreement dated April 19, 2016 have been met, waived or satisfied. Purchasers and Sellers instruct Old Republic Title, Ltd. to proceed and close this transaction. BY SIGNING THIS DOCUMENT,THE BUYER AND SELLER FURTHER ACKNOWLEDGES: The closing agent has not offered any legal advice or referred me to any named attorney and I acknowledge the receipt of the Disclosure Notice explaining the Limited Practice Officer's role under Washington State law. I further understand that I have the right to be represented by an attorney of my own selection and the closing agent has advised me to consult with my attorney if I have any questions about the transaction or these instructions. I have had adequate time and opportunity to read and understand these instructions and, acknowledge receipt of your Privacy Policy Notice, and all other documents to which these instructions refer. City of Kent, a Washington munid I cor ration The Estate of Bertha M. Walla By: By: 5 z�Eo �o ke, mayor Crystal E. Platt, Personal Representative The following documents for this transaction were received from the parties and were not selected or prepared by the Limited Practice Officer: Documents/Received from: JL/y Page 3 of 3 Supplement to Sale OLD REPUBLIC TITLE,JTD. 216 W.Gowe Ste.200-Kent WA-98032-(253)813-9394-FAX(253)479-5522 "IMPORTANT NOTICE" CONCERNING COLLECTED FUNDS: Washington State Statute, RCW 18.44,.400(3), affects our ability to disburse funds. The statute requires that "an escrow agent shall not make disbursements until the following business day after the business day on which the funds are deposited" with certain exceptions as follows: 1. Interbank wire transfers that are unconditionally received by the escrow agent's depository bank; 2. Cashier's checks drawn on a Washington bank. Please be advised that funds to be deposited to this escrow MUST conform to the above requirements. Any other type of deposit by cashier's check or bank check must be deposited into escrow 24 hours prior to disbursement. Therefore, if a lender deposits their loan check on the day of recording (not by wire), disbursement cannot occur until the day after recording. This will include the seller's proceeds, all payoffs of seller's loans, the agent's commission checks, and all other disbursements from the closing. If the loan being paid off requires collection of interest in monthly increments rather than per them or daily, and the closing is set for month end, the delay may entail an additional month's interest. If you are obtaining a cashier's check drawn on a Washington bank, please be certain that the check is deposited with Old Republic Title, Ltd. no later than 1:0O PM one day prior to closing and recording. Be advised that your lender may charge an additional wire fee. If you wish to discuss this matter, please feel free to call your escrow officer with any questions or concerns about this notice and the potential delay in disbursing the sale proceeds. The Estate of Bertha M, Walla City of Kent, a Washington municipal cor oration By: y Crystal E. Platt, Personal Representative ze t Cooke, �May`or�� IL/ji * OLD REPUBLIC =F.,LTD. 216 W.Gowe Ste.200•Kent WA•98032•(253)813-9394•FAX(253)479-5522 DISCLOSURE NOTICE Buyer(s): City of Kent Date: June 9, 2016 Seller(s): Estate of Bertha M. Walla Escrow No.: 5216015512-IL Property: 12415 SE 240th Street Escrow Officer: Jacalyn Larson Kent, Washington 98030 The Buyer(s)and Seller(s) ("Clients") request that Old Republic Title, Ltd., act as the Closing Firm in the above referenced transaction. The Limited Practice Officer in this transaction is an employee of the Closing Firm. The Clients understand that the services a Limited Practice Officer(LPO) licensed in accordance with Admission to Practice Rules (APR) 12 may perform in this transaction are limited by APR 12(d) and the Limited Practice Officer Rules of Professional Conduct(LPORPC). More specifically, the Clients understand and agree: • The Limited Practice Officer is not acting as the advocate or representative of either of the Clients. • The documents prepared by the Limited Practice Officer will affect the legal rights of the Clients. • The Clients'interests in the documents may differ. • The Clients have a 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 Clients. The LPO may select, prepare and complete documents in a form previously approved by the Limited Practice Board for use by others in, or in anticipation of, closing a loan, extension of credit, sale or other transfer of interest in real or personal property. All documents in connection to this transaction will be available for review by the Clients or their Legal Counsel prior to their execution. IF YOU WANT TO REVIEW DOCUMENTS OR HAVE DOCUMENTS PREPARED BY LEGAL COUNSEL OF YOUR CHOICE, PLEASE NOTIFY THE LPO IMMEDIATELY. The documents selected, prepared and completed by the LPO for this transaction include: Statutory Warranty Deed Excise Tax Affidavit IF YOU DO NOT UNDERSTAND THE TRANSACTION, PLEASE SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL. THE LIMITED PRACTICE OFFICER CANNOT GIVE YOU LEGAL ADVICE. The Limited Practice Office (LPO) licensed under LPORPC 1.12 by the Limited Practice Board who is providing services in this transaction is: Name of LPO: Larson, Jacalyn LPO Number: 2373 Dated: JL/jI Page 1 of 2 Disclosure Notice Larson, 3acalyn The undersigned acknowledge receipt of a copy of this disclosure notice. The undersigned have been afforded adequate time to read and the undersigned understand the above disclosure, as evidenced by their signature(s) below. All buyers and sellers must sign this disclosure,, Seller(s) Buyer(s) The Estate of Bertha M. Walla City of Kent, a W gton municipal corporation By: By: Crystal E. Platt, Personal Representative uzett Co �k Mayor Dated Dated Received: Old Republic Title, Ltd. BY Date JL/jl Page 2 of 2 Disclosure Notice OLD REPUBLIC TITLE,LTD. 216 W.Lowe Ste.200-Kent WA•98032•(253)813-9394•FAX(253)479-5522 PRELIMINARY REPORT APPROVAL To: Old Republic Title, Ltd. Date: June 9, 2016 216 W. Gowe Ste. 200 Escrow No.: 5216015512-JL Kent, WA 98032 Escrow Officer: Jacalyn Larson The undersigned have read and hereby approve that certain Preliminary Report issued by Old Republic Title, Ltd. under Order No. 5207132991 and dated May 9, 2016, a copy of which is attached hereto and made a part hereof. We have specifically read and acknowledge the legal description, title vesting, all items shown as exceptions in said report and the coverage afforded by the contemplated policy of title insurance to be issued at close of escrow. SELLER: The Estate of Bertha M. Walla By: Crystal E. Platt, Personal Representative Date: BUYER: City of Kent, a Washington municipal corporation By• su?�400 , Mayor Date: '6 //a - Order Number: 5207132991 * ** ALTA Commitment * ** SCHEDULE A Customer Reference: 5216015512-7L/ESTATE OF BERTHA M. WALLA/CITY OF KE 1. Effective Date: May 9, 2016, at 8:00 AM **THIRD** 2. Policy or Policies to be issued: ALTA Owner's Polity- 2006 Amount: $1,250,000.00 Premium: $2,275.00 Tax: $222.95 Rate: Standard Owners Note: Standard Coverage Proposed Insured: CITY OF KENT ALTA Loan Policy- 2006 Amount: Amount to come. Rate: Simultaneous Note: Extended Coverage Proposed Insured: To be determined The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said Policy or Policies are set forth in Exhibit I attached. Copies of the Policy forms should be read. They are available from the office which issued this Commitment. 3.The estate or interest in the land described or referred to in this Commitment is Fee Simple 4.Title to the estate or interest in the land is at the Effective Date vested in: FERDINAND WALLA, as a separate estate and The Heirs and Devisees of BERTA M. WALLA, deceased 5. The land referred to in this Commitment is described as follows: Page 2 of 9 Pages ORTIC 1614 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY ORDER NO. : 5207132991 EXHIBIT A The land referred to is situated in the County of King, City of Kent, State of Washington, and is described as follows: The West 396 feet of the North 660 feet of the West half of the Northwest quarter of the Northeast quarter of Section 21,Township 22 North, Range 5 East, W.M.; EXCEPT Roads; AND EXCEPT that portion as condemned in King County Superior Court Cause No. 97-2-04247-0 and recorded under Recording No. 9712220224. SITUATE in the County of King, State of Washington ABBREVIATED LEGAL Portion of Northwest quarter of the Northeast quarter of Section 21,Township 22 North, Range 5 East, W.M. Tax Account No. 212205-9044-03 Page 1 of 1 E� LIl 19020 33rd Avenue W., * OLIO REPUBLIC TITLE, Ltd. Lynnwood,WA 98036 Suite 360 (425)776-1970 Fax:(425)776-6710 SUPPLEMENTAL TO COMMITMENT To: OLD REPUBLIC TrTLE-KENT Sup No. 4 of 3rd Report 24604104TH AVENUE SE#102 KENT, WA 98030- Date June 8, 2016 Order No. 5207132991 Attn:JACALYN LARSON Your Reference: 5216015512-JL/ESTATE OF BERTHA M.WALLA/CTTY OF KE The above numbered commitment(including any supplements or amendments thereto)is hereby modified and/or supplemented to reflect the following additional items: {A) Upon recording of the Deed from the estate of Bertha M.Walla to the City of Kent, paragraphs 8 and 9 will not be shown in the policy to issue. Except to the extent expressly stated, this supplemental neither modifies any of the terms and provisions of the commitment or prior supplementals, nor does it extend the effective date of the commitment or prior supplementals Cc: FOR INFORMATION AND ASSISTANCE ON THIS ORDER CONTACT: LYNNWOOD OFFICE Stephanie Dvorak,Sr.Title Officer(sdvorak@ortc.com) Marlene Graber,Sr.Title Officer(mgraber@ortc.com) Tonya Harris,Sr.Title Officer(tharris@ortc.com) Wendy Bjomdahl,Title Officer(wbjomdahl@ortc.com) Pam Selle, Sr.Title Officer-New Construction(pselle@ortc.com) Telephone: (425) 776-4305 Fax: (425)776-3350 Our staff can assist you with properties in King, Pierce and Snohomish Counties * * OLD REPUBLIC TITLE, Ltd. Lynnwood,WA 98036 Suite 360 (425)776-1970 Fax:(425)776-5710 SUPPLEMENTAL TO COMMITMENT To: OLD REPUBLIC TITLE-KENT Sup No. 3 of 3rd Report 24604104TH AVENUE SE#102 KENT, WA 98030- Date May 23, 2016 Order No. 5207132991 Attn: JACALYN LARSON Your Reference: 5216015512 JL/ESTATE OF BERTHA M.WALLA/CITY OF KE The above numbered commitment(including any supplements or amendments thereto)is hereby modified and/or supplemented to reflect the following additional items: The vesting shown in Schedule A,item 3, is hereby changed to: THE HEIRS AND DEVISEES OF BERTHA M.WALLA,deceased Except to the extent expressly stated, this supplemental neither modifies any of the terms and provisions of the commitment or prior supplementals, nor does it extend the effective date of the commitment or prior supplementals Cc:jason@mynwagent.00m FOR INFORMATION AND ASSISTANCE ON THIS ORDER CONTACT: LYNNWOOD OFFICE Stephanie Dvorak,Sr.Title Officer(sdvorak@ortc.com) Marlene Graber, Sr.Title Officer(mgraber@ortc.com) Tonya Hams,Sr.Title Officer(thards@orbc.com) Wendy Bjomdahl,Title Officer(wbjomdahl@ortc.com) Pam Selle,Sr.Title Officer-New Construction(pselle@orbc.com) Telephone: (425)776-4305 Fax: (425)776-3350 Our staff can assist you with properties in fling,Pierce and Snohomish Counties th ! j 19020 33rd Avenue W.,Suite 360 **(W * OLIO REPUBLIC TITLE, Ltd. Lynnwood, 5 77& WA 98038 425 776-5790 K ** t � c3 SUPPLEMENTAL TO COMMITMENT To: OLD REPUBLIC 11TL.E-KENT Sup No. 2 to 3rd Report 24604104TH AVENUE SE*102 KENT, WA 98030- Date May 22,2016 Order No. 5207132991 Attn:JACALYN LARSON Your Reference: 5216015512-JL,/ESTATE OF BERTHA M.WAL LAICITY OF KE The above numbered commitment(including any supplements or amendments thereto)is hereby modified and/or supplemented to reflect the following additional items: Paragraph(s) 13, 14 and 15 of Schedule B-Section 2(Exceptions) of our Commitment is/are hereby deleted. Except to the extent expressly stated, this supplemental neither modifies any of the terms and provisions of the commitment or prior supplementals, nor does it extend the effective date of the commitment or prior supplementals Cc: FOR INFORMATION AND ASSISTANCE ON THIS ORDER CONTACT: LYNNWOOD OFFICE Stephanie Dvorak,Sr.Title Officer(sdvorak@ortc.com) Marlene Graber,Sr.Title Officer(mgraber@ortc.com) Tonya Harris,Sr.Title Officer(thards@ortc.com) Wendy Bjomdahl,Title Officer(wbjomdahl@ortc.com) Pam Selle, Sr.Tide Officer-New Construction(pselle@ortc.com) Telephone: (425)776-4305 Fax: (425)776-3350 Our staff can assist you with properties in King, Pierce and Snohomish Counties th ** *� 19020 33rd Avenue W.,Suite 360 LLD REPLBLICTITLE, Ltd.# # Lynnwood,WA 98036 (425)776-1970 Fax (425)776-5710 SUPPLEMENTAL TO COMMITMENT To: Old Republic Tide, Ltd. Sup No. 1 to 3rd 24604104th Avenue SE#102 Kent, WA 98030 Date May 19, 2016 Order No. : 5207132991 Attn:]acalyn Larson Your Reference: 5216015512 The above numbered commitment(including any supplements or amendments thereto)is hereby modified and/or supplemented to reflect the following additional items: Paragraph(s) 16 of Schedule B-Section 2(Exceptions)of our Commitment is/are hereby deleted. Except to the extent expressly stated, this supplemental neither modifies any of the berms and provisions of the commitment or prior supplementals, nor does it extend the effective date of the commitment or prior supplementals Cc: FOR INFORMATION AND ASSISTANCE ON THIS ORDER CONTACT: LYNNWOOD OFFICE Stephanie Dvorak,Sr.Title Officer(sdvorak@ortc.com) Marlene Graber, Sr.Title Officer(mgraber@orbc.eom) Tanya Hams, Sr.Title Officer(than is@ortc.eom) Wendy Bjomdahl,Title Officer(wbjomdahl@ortc.eom) Pam Selle,Sr.Tide Offioer-New Construction(pselle@ortc.com) Telephone: (425)776-4305 Fax: (425)776-3350 Our staff can assist you with properties in King, Pierce and Snohomish Counties wb Order Number: 5207132991 See Legal Description Exhibit This Commitment is not valid without SCHEDULE A and SCHEDULE B. Page 3 of 9 Pages OR71C 1614 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 SCHEDULE B Customer Reference: 5216015512-JL/ESTATE OF BERTHA M. WALLA/C1TY OF KE I. REQUIREMENTS: 1. Pay us the premiums, fees and charges for the policy. 2. Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered, and recorded, 3. You must tell us in writing the name of anyone not referred to in this Commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions. 4. Release(s) or Reconveyance(s) of appropriate items. 5. If any document in the completion of this transaction is to be executed by an attomey-in- fact, the completed Power of Attorney form should be submitted for review prior to closing. Page 4 of 9 Pages aRTIc 1616 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 SCHEDULE B continued Customer Reference: 5216015512-JLIESTATE OF BERTHA M. WALLA/CITY OF KE II. Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: Defects,liens,encumbrances,adverse claims or other matters, if any,created, first appearing in the public records or attaching subsequent to the Effective Date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 1. Encroachments, or questions of location, boundary and/or area which an accurate survey may disclose. 2. Easements or claims of easements not disclosed by the public records. 3. Rights or claims of parties in possession not disclosed by the public records. 4. Any lien or right to lien for services, material, labor, and/or contributions to an employee benefit fund or State Workers'Compensation that is not disclosed by the public records. S. Exceptions and reservations in United States patents, Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements and equitable servitudes. Water rights, claims or title to water. 6. Any service, installation or general connection charges for sewer, water, electricity, telephone, gas and/or garbage removal. 7. General taxes not now payable; special assessments and/or special levies, if any, that are not disclosed by the public records. 8. An encroachment of existing structures or improvements situated on said land onto the land adjoining on the West and South, as disclosed by Survey. The affirmative coverage set forth in the Covered Risks is not provided by the policy. Page S of 9 Pages oRM 1618 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 Said Survey recorded July 3, 2000 in Official Records under Recording Number 20000703900014. 9. An encroachment of existing structures or improvements situated on the land adjoining on the West and South onto said land, as disclosed by Survey. The affirmative coverage set forth in the Covered Risks is not provided by the policy. Said Survey recorded July 3, 2000 in Official Records under Recording Number 20000703900014. 10. Lien of Real Estate Excise Sale Tax upon any sale of said premises, as established by the Washington State Department of Revenue. NOTE: As of the date of this commitment, the current Excise Tax Rate is: 1.78%. Confirm the current rate by contacting the following prior to closing: Name of Agency King County Records and Election Division, Excise Tax Department Telephone Number(206) 296-1843 11. GENERAL TAXES, PLUS INTEREST AND PENALTY AFTER DELINQUENT; 1ST HALF DELINQUENT ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1: Year 2016 Amount Billed $4,922.94 Amount Paid $2,461.47 Tax Account No. 212205-9044-03 Levy Code 1519 Assessed Valuation Land $362,000.00 Improvements $1,000.00 12. Proceeding pending as follows: County of King Court Superior Estate of Bertha M. Walla, Decedent Case No. 15-4-06371-2 Probate Attorney Gloria R. James Page 6 of 9 Pages OPTIC 1618 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 NOTE: The Personal Representative has been given Non-Intervention powers by the Court in the above Probate. Personal representative is Crystal E. Platt 13. Any lien for Federal Estate Tax payable by reason of the death of Bertha M. Walla on October 3, 2015. 14. POSSIBLE LIEN AGAINST the Estate of Bertha M. Walla, deceased, in favor of the State of Washington, Department of Social and Health Services, for recovery of costs, if any, of medical assistance, pursuant to RCW 43.20B.080. 15. Any lien for State of Washington Estate tax payable by reason of the death of Bertha M. Walla on October 3, 2015. 16. The effect of, if any, of numerous matters against persons/entities with names similar to City of Kent which may affect the title or impose liens or encumbrances thereon. Please have the attached Confidential Information Statement completed and returned prior to closing for the review to make a determination as to the effect of said matters. --------------------Informational Notes------------------ A. This company finds no open Deeds of Trust or other Mortgages of public record. Please advise your Title Agent or Escrow Personnel if this information is incorrect. B. NOTE: According to the public records, there have been no deeds conveying the property described in this report recorded within a period of 36 months prior to the date hereof except as follows: NONE NOTE: The last recorded transfer or agreement to transfer the land described herein is as follows: Recorded November 1, 1972 in Official Records under Recording Number 7211010160 Page 7 of 9 Pages ORTIc 1618 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 C. Pursuant to WAC Code 28+29-260, there will be a cancellation charge (minimum of$50 plus tax) in the event the proposed transaction does not close. D. NOTE: This report covers land which was identified by street address and/or tax parcel number(s)—assessor's parcel number(s)when the order was opened. E. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW 35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to the King County Sewer Service Area on or after February 1, 1990. For further information please contact the King County Wastewater Treatment Division at: (206)-296-1450. F. The applicable rate(s) for the policy(s) being offered by this report or commitment appears to be section(s) 29 and 19. G. Short Term Rate("STR")does not apply. H. Matters dependent upon inspection of the premises have been cleared for ALTA Mortgagee's Policy. The ALTA Mortgagee's Policy, when issued, will contain the ALTA 9 (CLTA 100), ALTA 22 (CLTA 116), ALTA 8.1 endorsements. I. Note: The ALTA 22 (CLTA 116) may describe the improvements as a Single Family Residence known as 12415 Southeast 240th Street, Kent, WA 98030. Page 8 of 9 Pages ORTIC 1618 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Order Number: 5207132991 7. All documents must meet the margin and legibility requirements as set forth by the Washington State Legislature under RCW 38-18-010 and RCW 65-04-015. If your documents fail to meet these requirements the County may reject them for recording, which could delay your closing. Documents for King, Snohomish and Pierce Counties should be delivered to our Lynnwood office at 19020 33rd Ave W #360, Lynnwood WA 98036. LAST RELEASE TIMES: Fes- ECORDING: REGULAR RECORDING: King County: Non-Excise Only, 3:25 p.m. 2:25 p.m. Pierce County: Both Excise and Non-Excise 3:25 p.m. n a Snohomish County: Both Excise and Non-Excise 3:25 p.m. Monday through Thursday 2:25 .m. 2:55 p.m. Frida 1:55 P.m. Snohomish and Pierce Counties: All documents are e-recorded and are subject to a $3.50 e- record fee.Transactions that include the payment of excise tax must include the excise tax check payable to Old Republic Tide, Ltd. King County: All non-excise documents are e-recorded and subject to a $3.50 e-record fee. Please allow sufficient time for your documents to be reviewed and processed. Our last run to King County leaves at 2:00 p.m. Monday through Friday. DT/STR3 Page 9 of 9 Pages oRTIC 1618 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY CONDMONS 1. The term mortgage,when used herein, shall include deed of trust,trust deed,or other security instrument. 2. If the proposed Insured has or acquired actual knowledge of any defect, lien,encumbrance,adverse claim or other matter affecting the estate or Interest or mortgage thereon covered by this Commitment other than those shown In Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien,encumbrance,adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith(a)to comply with the requirements hereof,or(b)to eliminate exceptions shown In Schedule B,or(c)to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated In Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions and Conditions and Stipulations and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. This Commitment Is a contract to Issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. S. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at http://www.alta.org. If a policy other than the 2006 ALTA Owner's Policy of Title Insurance, 2006 ALTA Loan Policy of Title Insurance or 2006 ALTA Short Form Residential Loan Policy is ultimately issued,the arbitration provisions of the issued policy shall control. ORDER NO. : 5207132991 LEGAL DESCRIPTION EXHIBIT The land referred to is situated in the County of King, City of Kent, State of Washington, and is described as follows: The West 396 feet of the North 660 feet of the West half of the Northwest quarter of the Northeast quarter of Section 21,Township 22 North, Range 5 East, W.M.; EXCEPT Roads; AND EXCEPT that portion as condemned in King County Superior Court Cause No. 97-2-04247-0 and recorded under Recording No. 9712220224. SITUATE In the County of King, State of Washington ABBREVIATED LEGAL Portion of Northwest quarter of the Northeast quarter of Section 21,Township 22 North, Range 5 East, W.M. Tax Account No. 212205-9044-03 Page 1 of 1 Exhibit I AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY OF TITLE INSURANCE-2006 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy,and the Company will not pay loss or damage,costs,attorneys'fees,or expenses that arise by reason of: 1. (a) Any law,ordinance,permit,or governmental regulation(including those relating to building and zoning)restricting,regulating,prohibiting,or relating to (1) the occupancy,use,or enjoyment of the Land; (it) the character,dimensions,or location of any improvement erected on the Land; (ill) the subdivision of land;or (iv) environmental protection; or the effect of any violation of these laws,ordinances,or governmental regulations. This Exclusion 1(a)does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power, This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8, 3. Defects,liens,encumbrances,adverse claims,or other matters (a) created,suffered,assumed,or agreed to by the Insured Claimant; (b) not Known to the Company,not recorded In the Public Records at Date of Policy,but Known to the Insured Claimant and not disclosed In writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting In no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy(however,this does not modify or limit the coverage provided under Covered Risk 9 and 10);or (e) resulting In loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4, Any claim,by reason of the operation of federal bankruptcy,state insolvency,or similar creditors'rights laws,that the transaction vesting the Title as shown In Schedule A,is: (a) a fraudulent conveyance or fraudulent transfer;or (b) a preferential transfer for any reason not stated In Covered Risk 9 of this policy. S. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Data of Policy and the date of recording of the deed or other instrument of transfer In Public Records that vests Title as shown in Schedule A. Page 1 of 2 Exhibit I AMERICAN LAND TITLE ASSOCIATION LOAN POLICY OF TITLE INSURANCE-2DO6 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy,and the Company will not pay loss or damage, costs,attorneys'fees,or expenses that arise by reason of: 1. (a) Any law,ordinance,permit,or governmental regulation(Including those relating to building and zoning)restricting, regulating,prohibiting,or relating to (i) the occupancy,use,or enjoyment of the land; (ii) the character,dimensions,or location of any improvement erected on the Land; (ill) the subdivision of land;or (iv) environmental protection;or the effect of any violation of these laws,ordinances,or governmental regulations. This Exclusion 1(a)does not modify or limit the coverage provided under Covered Risk S. (b) Any governmental police power. This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or S. 3. Defects,liens,encumbrances,adverse claims,or other matters (a) created,suffered,assumed,or agreed to by the Insured Claimant; (b) not Known to the Company,not recorded in the Public Records at Date of Policy,but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting In no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy(however,this does not modify or limit the coverage provided under Covered Risk 11,13,or 14);or (e) resulting In loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage, 4. Unenforceability of the lien of the Insured Mortgage because of the Inability or failure of an Insured to comply with applicable doing-business laws of the state where the Land Is situated. 5. Invalidity or unenforceability In whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured Mortgage and is based upon usury or any consumer credit protection or truth-ln4ending law. 6. Any claim,by reason of the operation of federal bankruptcy,state Insolvency,or similar creditors`rights laws,that the transaction creating the lien of the Insured Mortgage,is (a) a fraudulent conveyance or fraudulent transfer,or (b) a preferential transfer for any reason not stated in Covered Risk 13(b)of this policy. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the Insured Mortgage in the Public Records.This Exclusion does not modify or limit the coverage provided under Covered Risk I I(b). OLD REPUBLIC TITLE, LTD. Privacy Policy Notice PURPOSE OF THIS NOTICE Title V of the Gramm-Leach-Bliley Act(GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of OLD REPUBLIC TIRE, LTD. We may collect nonpublic personal Information about you from the following sources: Information we receive from you such as on applications or other forms. In€ormation about your transactions we secure from our files, or from [our affiliates or] others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless It is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above Information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. ORT 287-C 5/07/01 n M h Ile SE 240th St er ��,-`_- --- -------------- ./�. 19020 33M Ave_W.SullO 3�l •l.... . .........,_... .......,..............,..._...,,.........,...,..., ......... OLD REPUBLIC Lrft* d.WA 98036 �........... .. .... .... + • t I r 6 r e a%c x o W Phow(425)776-1970 f8x:(425)778.7750 •"^. .._._. geoAdvantage * COLD REPUBLIC TITLE, Ltd. 19020 33rd Avenue W.,Suite 360 * # Lynnwood,WA 98036 (425)776-1970 **THIRD** Attached Commitment Issued for the sole use of: Our Order Number 5207132991 REAL ESTATE 2000/AUBURN Customer Reference 5216015512-IL/ESTATE OF BERTHA M. 790 AUBURN WAY N, SUITE #103 WALLA/CTTY OF KE AUBURN, WA 98001 Attention: TONI BECKVOLD When Replying Please Contact: Stephanie Dvorak Marlene Graber Pam Selle Tonya Harris 425-776-4305 Direct line: (425) 835-7437 Fax: (425) 776-3350 See Attached Commitment to Insure OLD REPUBLIC NATIONAL TITLE;INSURMCE COMPANY * ** ALTA Commitment * COMMITMENT FOR TITLE INSURANCE * * ** Issued by Old Republic National Title Insurance Company OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation ("Company'), for a valuable consideration, commits to issue its policy or policies of tide insurance, as Identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest In the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedules A and B and to the Conditions of this Commitment. This Commitment shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A by the Company. All liability and obligation under this Commitment shall cease and terminate six(6) months after the Effective Date or when the policy or policies committed for shall Issue, whichever first occurs, provided that the failure to issue the policy or policies is not the fault of the Company. The Company will provide a sample of the policy form upon request. Issued through the office of: OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Old Republic Title, Ltd. A corporation 19020 33rd Avenue W., Suite 360 400 Second Avenue South,Minneapolis,Minnesota 55401 (612)371-1111 Lynnwood, WA 98036 9y rr�`, op f staff r f Atto 1 5ec�tary Authorized Officer or Agent Page 1 of 9 Pages ORTIC 1613(2006) OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY rZ D AS When recorded return to: P City of Kent 220 Fourth Avenue S. Kent,WA 98032 STATUTORY WARRANTY DEED THE GRANTOR(S)Crystal E. Platt, Personal Representative of the Estate of Bertha M. Walla, who acquired title as Berta M.Walla,Deceased for and in consideration of$10.00 and good and other valuable considerations in hand paid,conveys,and warrants to City of Kent,a Washington municipal corporation the following described real estate,situated in the County of King,State of Washington: The West 396 feet of the North 660 feet of the West half of the Northwest quarter of the Northeast quarter of Section 21,Township 22 North,Range 5 East,W.M,; EXCEPT Roads; AND EXCEPT that portion as condemned in King County Superior Court Cause No. 97-2-04247-0 and recorded under Recording No.9712220224, SITUATE in the County of King,State of Washington. Subject to: None Abbreviated Legal: Portion of Northwest quarter of the Northeast quarter of Section 21, Township 22 North,Range 5 East,W.M. Tax Parcel Number(s): 212205-9044-03 Dated:Oune 9,2016 The Estate of Bertha M.Walla By: Crystal E. Platt, Personal Representative State of Washington County of King I certify that I know or have satisfactory evidence that Crystal E.Platt(is/are)the person(s)who appeared before me,and said person(s)acknowledge that(he/she/they)signed this instrument,on oath state that(he/she/they)(is/are)authorized to execute the instrument and acknowledged it as the Personal Representative of the Estate of Bertha M.Walla to be the free and voluntary act of such party(les)for the uses and purposes mentioned in this instrument, Dated: Notary Public in and for the State of Washington My appointment expires: LPB 10-05 ��]� �� LTD. ---- REPUBLIC TITLE,x,svxoo*e Ste.oon ' Kent ww`youaz' (253)813e394 ` FAX(2s3)^79as2o WAIVER Each of the undersigned hereby waives the services of Old Republic Title, Ltd. in administering the disbursement o[closing funds necessary to satisfy unpaid charges assessed by certain providers of utilities and services, pursuant to Chapter 43, Laws of Washington, 1996, in the following transaction; Escrow No.: 5216015512-IL Buyer(s): City ofKent Sel|er(s)� Estate of Bertha M. Walla Pmperty� 12415SE240th Street, Kent, Washington Q8O3O SELLER BUYER The Estate of Bertha M.Walla City o[Kent, a Washington municipal corporation By: Crystal E. Platt, Personal Representative /tboke, mayor ,�" Date: Date: lot R eO"ve"—nu e 6 Washington stctc REAL ESTATE EXCISE TAX AFFIDAVIT PLEASE TYPE Olt pitiwr This fiann is Your receipt ClqAPTER82.45RCW _CHAPTER458-61AWAC when shtroped by cashier. 1"11 IS AFFIDAVIT WILL NoT RI?AM`PTED UN LESS of IA_1,RE,kS ON ALI.PAGESARE of last page for insLmciicos) Check box ifoa a (Scc back If rot Triple owners list srarcentaec Navat, ze X ESIRIP nf-BPRL� Lj ,P It z Madirt; Mading Add,cs Z 210 FCLUrI1L&tP,,wLgLSotUt,__ ""'n c Idd, e sa 7f� City/-SWWZ�p L,-Lkjd__T-MQ"A Cny(SuduZip Kent,W".Q32 phone No(incloding area code) phone No,(including area ctxlcl Send.11 property tax--nospondclice ra:0sartic as BuytdGrantec L-st all mad and pio—I properly tax pjuclaco,,aj Nam numbers-check box ff persona(prop ply List a.�=sod valuc(s) c Mailing Address c ty itylslaterLip Phone No,(including area cadeI-- S tree(address of grope ay. 12415 SE 2401h Street,Kent.VIA 9W30 This property is located in Kent El Check box irony y orthc listed parccis are being segregated front another parcel,ate Pan of bulladary linc adjustment or ptocls being Merged. Legal description of property,(ir more space is needed.You may anjull a separate sbcd to each page of the afridavit) The West 396 feet of the North 660 feet of the West half of the NOntlw(tsl Quarter of the Northeast quartet of Sorrion 21,TownsNp 22 North,Range 5 East,W Mr: EXCEPT Roads; AND EXCEPT that Portion as condemned in King County Superior Court Cause No, 97.2-0424M and recorded!under Recording No.9712220224, SITUATE in the County of Kin 'Berta ML Walla.Deceased g,State Of Washington Select Land 11sr Codc(s): ti-Han,-oud,sirvo f&ruyanas List all Isertomal properly(tangible and intangible)Included in selling enter any additional codes:_.. price. (See back of last page for instructions) YES NO Was thesclier receiving a properly tax esenlpfull wiIferrad under chepters&J,36,94.37,or84.38 Se-riiar citizen,ordisabled person,hoolo waxer with limited inceracy? aYES No If claiming an cxcnlptjotj,list WAC nurnber and rensoll for exemption: 15 this pupally desig)wledas fares[band pereltaperS433 RCW? El El WAC No.(Section/Subsclion) Is atis Pl`rAatY':t`ssir1eI as curmall USU(ONT1 space,faran mid F-1 R1 agricultural.or liniber)land Per chapter M 34 RCM? Reason For wtemption Is this PMP=tY MCCiving&Ncial valuation as histaric;d prapeTly El ID par chapter 3+26 R(AV? Ifarry ansNwis are Yes,counplete as instructed bdow, TYpeofDoctmu"it Slattdcry��ar0p��YCTeed (1)N(Y110EOFCO,-Nn-INIJANCF USE) NEW OWNER(S):To continue Hit:current designation as forest land or Dale of Document..&9/16 classification as curacot use(open spaec,Hurm and agricullore,or timber)land, YOU must sign on(3)below.The county as r must then determine if the Gross Selling Price 1,210,0011,110 land transferred continues to qualify and will indicate by signing beiovq.Ifthc *Personal Property(deduct) S land no longer dualities,oryou do not wish to continue the designation or classification,it will be removed and the coloWnsaling or additional taxes will ExcraOion Claimed(deduct) N due and payable b'y Hie seller or tran3lunir of die time of 5rde.(RCW Taxable Selling Price S 1,250,000.00 8433A40OrRCW 8434JOR).prior to signing(3)belowyou May mmact ?TOUT local county assessor for more infinnisation. Excise Tax State S 16,000,00 'This land E]does []does not quildy for continuance. �0050�Local S *Delinquent Interest:Stale DFfUTY ASSESSOR —DA1 E Local S (2)IN(-ME OF COMPLIANCEIIIIS-ro[JIC pljoj,ElZr-j� *Dclir"Juend Penult), $—.-- NEW OWNIMSY To continue special valuation as historic property. Subtatal S ------- sign(3)belo%v,If the new owner(s)does not wish in continue,all additional tax calculated pursuant to chapter 84.16 RCW,shall be due and *State Technology Fee S 5.00 payable by the seller or frunsferor at the til-fic OfsaTc. "Affidavit Processing Fee S 0.00 (3) OWNER(S)SIGNATURI. -- Total Due 22,255.Go PRFN1*s4A,1,jI,, A'NIjNIhIU'k[OFS10'00 IS't'r'F,IN FT.E(S)ANDAM-TAX 'SEE INS'JTtUC'rIoNS -7 Dj-'PFjjjIt, IA FOREGOING IS TRIA.AND M T. Signature of Signature of Cranror or Cratilar's Agent Grantee or Grntcc's Agent Name(print) arson,A ent Name(prink) or Date&city ofsigning: 6-10-2016 Kent WA 016 Dale&cily ofsignijjg: 6 6- 016 KEnt,WA Perjury:Perjury is class C felony which is punishable by irnprisolonent in Hie state corruclining inslitufOr for 8 Ulnxinuml term of not more djun 9 rule in an amount moredollars($5,000.0i).or b 10�f rive years,or by REV 84 000 1 a JO IJ04n6j THIS SPACE-TREASURER'S USE ONLY COUNTY TREASURER wu am � Wt r w 1 i �h� r i vLD REPUBLIC TITLE,LTD. 24604 104th Avenue SE#102-Kent WA-98030-(253)813-93,94-FAX(253)479-5522 May 10, 2016 Jeff Watling, Parks Director City of Kent 220 Fourth Avenue S. Kent, WA 98032 Re: Escrow No.: 5216015512-JL Buyer(s): City of Kent Seller(s): Estate of Bertha M. Walla Property: 12415 SE 240th Street, Kent, Washington 98030 We would like to take this opportunity to thank you for,opening the above referenced transaction in our office for an escrow closing. We strive to provide the best service possible and wanted to inform you of the team in our office that will be handling your transaction. ESCROW CLOSER: Jacalyn Larson ESCROW ASSISTANT: Lisa Shimizu These individuals are dedicated to a smooth and successful closing of your transaction, and you may contact any one of them at any time for an up to the minute status of your transaction, or to assist you with any questions that you may have. A copy of the preliminary title commitment will follow in the next few days. Thank you for the opportunity of letting us work with you, and we look forward to a successful closing of this transaction. Sincerely, Old Re blic Title, Ltd. ld)Re I 0!sc 0 9( McGhie Escro Closer/LP0 For Jacalyn Larson, Escrow Closer LPO ILarson@ortc.com 3L/sm 24604 104"'Avenue SE, Suite 102 Kent, WA 98030 ULD REPUBLIC TITLE,LTD. (253) 813-9394, Fax (253) 47,9-5522 PURCHASER'S INFORMATION Escrow Number: 5216015512 Property Address: 12415 SE 240th Street— Kent, Wash. 98030 PLEASE COMPLETE THE FOLLOWING INFORMATION AT YOUR EARLIEST CONVENIENCE AND RETURN TO, JACKIE LARSON AND LISA SHIMIZU BY EMAIL OR FAX: ilarson@orte.com : Ishimizu@ortc.com OR FAX TO (253) 479-5522 1 Please advise of your marital status: A 114 Spouse's name if not purchasing with you: � V / (This information will be needed as your spouse may need to sign some of the closing documents) Are you a registered Domestic Partner: If so, please provide your partner's name: 2) Please provide your current mailing address: 3) Please provide your 12ost-closing mailing address: -1y4 III ZEi, 4) Name of your Lender/Loan Officer: Phone Number: Email* 5) Are you selling your home simultaneously and at the same time as your purchase transaction? If so, who is your closing escrow agent & their contact phone number on your sale: Al /A 6) Is there any additional information tha we should know about to complete this transaction? N �14 X Xrzd;�6-. , Signature Signature Cell Home Phone: " "Phone: 0-5 � t Work Phone: Work Phone: ' Email: Entail: '_ k , r This information is very helpful and will allow your escrow closer to better process your purchase transaction. THANK YOU for completing the information above and we look forward to working with you and strive for a smooth and successful closing! .Sincerely, Lisa Shimizu Escrow Assistant to Jackie Larson * OLD REPUBLIC TITLE,LTD. ***** 24604 104th Avenue SE#102•Kent WA•98030•(253)813-9394•FAX(253)479-5522 DISCLOSURE NOTICE Buyer(s): City of Kent Date: May 10, 2016 Seller(s): Estate of Bertha M. Walla Escrow No.: 5216015512-IL Property: 12415 SE 240th Street Escrow Officer: Jacalyn Larson Kent, Washington 98030 The Buyer(s) and Seller(s) ("Clients'} request that Old Republic Title, Ltd., act as the Closing Firm in the above referenced transaction. The Limited Practice Officer in this transaction is an employee of the Closing Firm. The Clients understand that the services a Limited Practice Officer(LPO) licensed in accordance with Admission to Practice Rules(APR) 12 may perform in this transaction are limited by APR 12(d) and the Limited Practice Officer Rules of Professional Conduct(LPORPC). More specifically, the Clients understand and agree: • The Limited Practice Officer is not acting as the advocate or representative of either of the Clients. • The documents prepared by the Limited Practice Officer will affect the legal rights of the Clients. • The Clients' interests in the documents may differ. • The Clients have a 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 Clients. The LPO may select, prepare and complete documents in a form previously approved by the Limited Practice Board for use by others in, or in anticipation of, closing a loan, extension of credit, sale or other transfer of interest in real or personal property. All documents in connection to this transaction will be available for review by the Clients or their Legal Counsel prior to their execution. IF YOU WANT TO REVIEW DOCUMENTS OR HAVE DOCUMENTS PREPARED BY LEGAL COUNSEL OF YOUR CHOICE, PLEASE NOTIFY THE LPO IMMEDIATELY. The documents selected, prepared and completed by the LPO for this transaction include: Statutory Warranty Deed Excise Tax Affidavit IF YOU DO NOT UNDERSTAND THE TRANSACTION, PLEASE SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL. THE LIMITED PRACTICE OFFICER CANNOT GIVE YOU LEGAL ADVICE. The Limited Practice Office (LPO) licensed under LPORPC 1.12 by the Limited Practice Board who is providing services in this transaction is: Name of LPO: Larson, Jacalyn LPO Number: 2373 Dated: JL/sm Page 1 of 2 Disclosure Notice Larson, Jacalyn The undersigned acknowledge receipt of a copy of this disclosure notice. The undersigned have been afforded adequate time to read and the undersigned understand the above disclosure, as evidenced by their signature(s) below. All buyers and sellers must sign this disclosure. Sellers) Buyer(s) City of K a Washington nisi fi corporation By: Viin ;Parks-Director is Cooke- , Alloyor Dated Dated ' Received: Old Republic Title, Ltd. BY Date L/sm Page 2 of 2 Disclosure Notice * OLD REPUBLIC TITLE,LTD. 24604 104th Avenue SE#102•Kent WA•98030•(253)813-9394•FAX(253)479-5522 CLOSING AGREEMENT AND ESCROW INSTRUCTIONS FOR PURCHASE AND SALE TRANSACTIONS Property Address: 12415 SE 240th Street Date: May 10, 2016 Kent, Washington 98030 Escrow No.: 5216015512-JL Escrow Officer: Jacalyn Larson Buyer(s): City of Kent Seller(s): Estate of Bertha M. Walla The undersigned buyer and seller (referred to herein as "the clients'D hereby designate and appoint OLD REPUBLIC TITLE, LTD. (referred to herein as "the closing firm'D to provide closing and escrow services according to the following agreements and instructions. IT IS AGREED,AND THE CLOSING AGENT IS INSTRUCTED,AS FOLLOWS: Terms of Transaction. The terms and conditions of the transaction which is the subject of these instructions (referred to herein as "the transaction'D 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 clients' agreement'D, which is made a part of these instructions by this reference. Any changes to the clients' agreement will be made a part of these instructions, without further reference, when signed by the clients and delivered to the closing firm. These instructions are not intended to amend, modify, or supercede the terms and conditions of the clients' agreement and if there is any conflict or inconsistency between these instructions and the clients' agreement, the terms and conditions of the clients' agreement shall control, except that the closing firm shall not be responsible for instructions arising from the terms of the clients'agreement that are not delivered to the escrow. Description of Real Property. The real property which is the subject of the transaction (referred to herein as "the property') is identified in the clients' agreement. The documents required to close in the transaction must contain the legal description of the property. Closing Date. The date on which the documents required to close the transaction are filed for record (referred to herein as"the closing date'D shall be on or before the date for closing of the transaction specified in the clients' agreement unless the closing date falls within the three-day rescission period after delivery to the buyer of an amended real property transfer disclosure statement, in which case the closing date shall be extended until the expiration of the three-day rescission period. Documents. The closing firm is instructed to select, prepare, receive, hold, record and deliver documents as necessary to close the transaction. The closing firm may request that certain documents be prepared or obtained by the clients or their attorneys, in which case the clients shall deliver the requested documents to the closing firm before the closing date. Execution of any document will be considered approval of its form and contents by each client signing such document. Deposits and Disbursement of funds. Before the closing date, each client shall deposit with the closing firm all funds required to be paid by such client to close the transaction, less any earnest money previously IUsm Closing Agreement Sale Page 1 of 6 Rev.01/2011 Escrow Officer: Jacalyn Larson Escrow No.: 5216015512-JL Property: 12415 SE 240th Street,Kent,Washington 98030 Date: May 10,2016 deposited with the real estate agent. The closing firm 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 firm shall be deposited in one or more of its escrow or trust accounts with any bank doing business in the State of Washington and may be transferred to any other such accounts. The closing firm 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 firm's check. Preliminary Settlement Statement. The closing firm is instructed to prepare a preliminary settlement statement showing all funds deposited for the account of each of the clients and the proposed disbursements from such funds. No funds shall be disbursed until the clients have examined and approved the preliminary 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 preliminary 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 client 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 firm is otherwise instructed. Title Insurance. The closing firm is instructed to obtain and forward to the clients 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. Verification of Existing Encumbrances. The closing firm is instructed to request current written demands for satisfaction of all matters of record that are to be paid by the closing firm through the escrow. A current demand is defined as a written demand for payment that is not expired or that will not expire by its terms prior to the close of escrow or whose date of issuance is not more than 30 days prior to close of escrow. In the event a demand submitted to the closing firm is determined not to be current within this definition, closing firm is further instructed, at its sole discretion, to obtain an updated demand and to pay the updated demand as submitted without further written or verbal instructions from the clients. The closing firm may rely upon such written statements in the performance of its duties, without liability or responsibility for their accuracy or completeness. Disclosure of Information to Third Parties. The closing firm is authorized to furnish, upon request, copies of any closing documents, agreements or instructions concerning the transaction to the clients'attorneys, and to any real estate agent, lender or title insurance company involved in the transaction. Closing Firm's Fees and Expenses. The closing firm'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 clients' agreement or these instructions, or as a result of any client's assignment of interest or delay in performance, the clients agree to pay a reasonable additional fee for such services. The clients shall also reimburse the closing firm for any out-of-pocket costs and expenses incurred by it under these instructions. The closing firm's fees, costs and expenses shall be due and payable on the closing date or other termination of the closing firm'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 clients'agreement. Cancellation. These instructions may be canceled by a written agreement, signed by all of the clients, and payment of the closing firm's fees, costs and expenses. Upon receipt of such agreement and payment, the closing firm shall return any money or document then held by it to the clients that deposited the same, and shall have no further duties or responsibilities under these instructions. JL/sm Closing Agreement Sale Page 2 of 6 Rev.01/2011 Escrow Officer: Jacalyn Larson Escrow No.: 5216015512-JL Property: 12415 SE 240th Street, Kent,Washington 98030 Date: May 10,2016 Inability to Comply With Instructions. If the closing firm receives conflicting instructions or determines, for any reason, that it cannot comply with these instructions by the date for closing specified in the clients'agreement or in any written extension of that date, it shall notify the clients, request further instructions, and in its discretion: (1) continue to perform its duties and close the escrow after receiving further mutual, non- conflicting instructions, in accordance with the instructions; (2) if no further mutual, non-conflicting instructions are received, return any money and/or documents then held by it to the clients that deposited the same, less any fees and expenses chargeable to the respective clients, whereupon the closing firm shall have no further duties or responsibilities under these instructions; or (3) commence a court action, deposit the money and/or documents held by it into the registry of the court, and ask the court to determine the rights of the clients. Upon depositing the funds and/or documents with the court, the closing firm shall have no further duties or responsibilities under these instructions. The clients jointly and severally agree to pay the closing firm's costs, expenses and reasonable attorney's fees incurred in the court action, which may be paid from the funds deposited with the court. Disputes. Should any dispute arise between the clients, or any of them, and/or any other party, concerning the property or funds involved in the transaction, the closing firm 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 clients. Upon depositing said funds and documents with the court, the closing firm shall have no further duties or responsibilities under these instructions. The clients jointly and severally agree to pay the closing firm'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 firm, the clients, or any other person. Notices. Any notice, declaration or request made under these instructions shall be in writing, signed by the clients giving such notice or making such declaration or request, and personally delivered or mailed to the closing firm and other clients 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 clients and delivered to the closing firm. 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 clients, the closing firm, 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"clients", "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 person or entity, 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 word "party" refers to persons other than the"clients"from whom the closing firm accepts instructions or to whom the closing firm may make deliveries or disburse funds. JL/sm Closing Agreement Sale Page 3 of 6 Rev.01/2011 Escrow Officer: Jacalyn Larson Escrow No.: 5216015512-JL Property: 12415 SE 240th Street, Kent,Washington 98030 Date: May 10, 2016 The word "clients" means buyer and seller and may include the purchase money lender only if the LPO accepts the duty to select, prepare or complete legal documents for the purchase money loans. 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 clients' 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 clients or of any client and for which the closing firm shall have no responsibility or liability. In these instructions, singular and plural words, and masculine and feminine words, shall be construed interchangeably as may be appropriate in the context and circumstances to which such words apply. MATTERS TO BE COMPLETED BY THE BUYER AND SELLER Important— Read carefully The following items must be completed by the clients, outside of escrow, and are not part of the closing firm's duties under these instructions. Additional Agreements, Instructions and Disclosures: JL/sm Closing Agreement Sale Page 4 of 6 Rev.01/2011 Escrow Officer: Jacalyn Larson Escrow No,: 5216015512-JL Property: 12415 SE 240th Street, Kent,Washington 98030 Date: May 10, 2016 NOTICE TO CLIENTS The services of the closing firm under these instructions will be performed by the person named below, who is an employee of the closing firm and licensed as a Limited Practice Officer by the Limited Practice Board in accordance with the Admission to Practice Rules (APR) 12. The services the Limited Practice Officer may perform in this transaction are limited by APR 12(d) and the Limited Practice Officer Rules of Professional Conduct. More specifically, the clients understand and agree: The Limited Practice Officer is not acting as the advocate or representative of either of the clients. The documents prepared by the Limited Practice Officer will affect the legal rights of the clients, • The clients' interest in the document may differ. • The clients have a 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 clients. The Limited Practice Officer may select, prepare and complete documents in a form previously approved by the Limited Practice Board for use by others in, or in anticipation of, closing a loan, extension of credit, sale or other transfer of interest in real or personal property. The Limited Practice Officer for this transaction is. Jacalyn Larson LPO Number: 2373 BY SIGNING THESE INSTRUCTIONS, EACH CLIENT ACKNOWLEDGES: I have been specifically informed that the closing firm 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 firm has not offered any legal advice or referred me to any named attorney and I acknowledge the receipt of the Disclosure Notice explaining the Limited Practice Officers role under Washington State law. I further understand that I have the right to be represented by an attorney of my own selection and the closing firm has advised me to consult with my attorney if I have any questions about the transaction or these instructions. I have had adequate time and opportunity to read and understand these instructions and, acknowledge receipt of your Privacy Policy Notice, and all other documents referred in these instructions. Buyer(s): Seller(s): City of Kent hingt --mu I al c r oration By: fig rks-Dir-eeter '54) e ooke, ItYe(yor JL/sm Closing Agreement Sale Page 5 of 6 Rev.01/2011 Escrow Officer: 7acalyn Larson Escrow No.: 5216015512-JL Property: 12415 SE 240th Street, Kent,Washington 98030 Gate: May 10, 2016 Bier's Mailing Address: Seller's Mailing Address: Buyer's Contact Tnformation: Seller's Contact Information: Home Phone Horne Phone Bus. Phone ') 15"15_ - _1 D e" � Bus. Phone Cell Phone Cell Phone Fax No. ( W ) ,.� Fax No. E-Mail Address. E-Mail Address Deceived: COLD REPUBLIC TITLE, LTD. By: Date: ]L/srn Closing Agreement Sale Page 6 of 6 Rev.01/2011 MAY 71 2001 OLD REPUBLIC TITLE, LTD. Privacy Policy Notice PURPOSE OF THIS NOTICE Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Old Republic Title, Ltd.. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from [our affiliates or] others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. ORT 287-C vLD REPUBLIC TITLE,LTD. 24604 104th Avenue SE#102-Kent WA-98030-(253)813-9394-FAX(253)479-5522 "IMPORTANT NOTICE" CONCERNING COLLECTED FUNDS: Washington State Statute, RCW 18.44.400(3), affects our ability to disburse funds. The statute requires that "an escrow agent shal'il not make disbursements until the following business day after the business day on which the funds are deposited" with certain exceptions as follows: 1. Interbank wire transfers that are unconditionally received by the escrow agent's depository bank; 2. Cashier's checks drawn on a Washington bank, Please be advised that funds to be deposited to this escrow MUST conform to the above requirements. Any other type of deposit by cashier's check or bank check must be deposited into escrow 24 hours prior to disbursement. Therefore, if a lender deposits their loan check on the day of recording (not by wire), disbursement cannot occur until the day after recording. This will include the seller's proceeds, all payoffs of seller's loans, the agent's commission checks, and all other disbursements from the closing. If the loan being paid off requires collection of interest in monthly increments rather than per them or daily, and the closing is set for month end, the delay may entail an additional month's interest. If you are obtaining a cashier's check drawn on a Washington bank, please be certain that the check is deposited with Old Republic Title, Ltd. no later than 1:00 PM one day prior to closing and recording. Be advised that your lender may charge an additional wire fee. If you wish to discuss this matter, please feel free to call your escrow officer with any questions or concerns about this notice and the potential delay in disbursing the sale proceeds. City of Ken,�_n shington mu ipaC rporation By:............ jr -ector- Z Am JL/sm Good Funds Notification * OLD REPUBLIC TITLE,LTD. 24604 104th Avenue SE#102-Kent WA-98030•(253)813-9394•FAX(253)479-5522 WIRING INSTRUCTIONS Wire information for Old Republic Title, Ltd. for the above address: Union Bank 901 5th Avenue Seattle, WA 98164 Federal routing number 122000496 Credit to the account of Old Republic Title, Ltd. Account Number 2350117701 For credit to Escrow Number 5216015512 Please contact your Escrow Officer when you have originated your wire to insure proper credit. You will need to reference your escrow number and the exact amount of the wire you have sent when contacting escrow. PLEASE CONTACT YOUR ESCROW OFFICER IF YOU RECEIVE NOTICE OF A CHANGE TO THESE WIRE INSTRUCTIONS. ON-LINE BANKING TRANSFERS ARE NOT ALL THE SAME. "Electronic Funds Transfer" is a generic term for funds transfers, one of which is an ACH Transfer. On-line banking transfers are often completed through an ACH Transfer, not a Wire Transfer. Old Republic Title, Ltd. rejects all ACH Transfers and returns the funds to the sender(Government Entities/Agencies excluded.) Close of Escrow may be significantly delayed as a result of an ACH Transfer. OLD REPUBLIC TITLE, LTD. DOES NOT AUTHORIZE FUNDS TO BE DEPOSITED DIRECTLY INTO OUR ACCOUNT AT UNION BANK LOCAL BRANCH LOCATIONS. Funds deposited directly into an account of Old Republic Title, Ltd. at Union Bank branches are subject to verification. Verification of unauthorized deposits is not immediate or automated following deposit. Delay in credit of funds to an escrow and delay in Close of Escrow may result. If you want to transfer funds by Wire Transfer from a non-United States financial institution, or have questions with regard to acceptable funds, please contact your Escrow or Title Officer immediately. JL/sM Wiring Instructions