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HomeMy WebLinkAboutCAG2022-327 - Original - Susan Ruth, Personal Rep of the Estate of William E. Ruth - Ruth Property Acquisition Closing Documents - 10/11/2022Ap p r o v a l Originator:Department: Date Sent:Date Required: Mayor or Designee Date of Council Approval: Grant? Yes No Type: Re v i e w / S i g n a t u r e s / Ro u t i n g Date Received: City Attorney: Comments: Date Routed: Mayor’s Office City Clerk’s Office Ag r e e m e n t I n f o r m a t i o n Vendor Name:Category: Vendor Number:Sub-Category: Project Name: Project Details: Agreement Amount: Start Date: Local Business? Yes No* Business License Verification: If meets requirements per KCC 3.70.100, please complete “Vendor Purchase-Local Exceptions” form on Cityspace. Yes In-Process Exempt (KCC 5.01.045) Notice required prior to disclosure? Yes No Contract Number: This form combines & replaces the Request for Mayor’s Signature and Contract Cover Sheet forms. (Print on pink or cherry colored paper) Visit Documents.KentWA.gov to obtain copies of all agreementsadccW22373_1_20 Budget Account Number: Budget? Yes No Dir Asst: Sup/Mgr: Dir/Dep: rev. 20210513 FOR CITY OF KENT OFFICIAL USE ONLY Agreement Routing Form For Approvals, Signatures and Records Management (Optional) Basis for Selection of Contractor: * Memo to Mayor must be attached Termination Date: Authorized to Sign: I WO I I =1 miss Buyer Signing Review Worksheet Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com After the appointment, the signer will place this form on top of the signing packet and return it to the closing team. Thank you. File Information: Escrow #: Closing Team Property Address: Estimated Closing Date Buyer Appointment Date & Time: Signing Location: Client Contact Number Signer Name: 805377RT Team Jennie G 12410 SE 248th Street, Kent, WA 98030 September 30, 2022 Other parties attending signing City of Kent, a Washington Municipal Corporation Instructions to Notary from Escrow Closer and Assistant: Please make sure the following are completed at signing: • Please sign in blue ink • Please provide copy (copies) of Photo ID • Funds to Close — If funds are due, please refer to page two of our wire instructions regarding acceptable forms and timing of payment • Disbursement instructions — If a refund is due, funds must go to an account in the name of the buyer. If the buyer is a Trust, funds must be issued to an account in the name of the Trust. if only one buyer is on the account, please have the other buyer sign the Non -Account holder indemnity verbiage • Please double check all signatures, forms, and notary stamps before leaving the signing • If shipping instructions were not provided, please contact your closing team for direction/requirements • Please call your closing team with any questions • We provide copies of signed documents to the parties prior to closing via our secure portal. Should the parties wish to receive in a different manner, please provide those details (and any other pertinent communication) in the space below Additional Instructions: Feed back/l nstruction from Client and/or Agent to Closing Team: .. ... .... . .. .. . .... .... .. . . .. . .... . .. .. . Funds Due at Closing Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240(P) (425)329-2194 (F) teamjennieg@rainiertitle.com Amount due to close: $ 7, 01q,1yS 9-7 ❑ Cashiers Check (Please attach to this page) ❑ Wire Transfer (Rainier Title requires that you call your closing team at a verified phone number to confirm our wire instructions prior to initiating any wire transfer) City of Kent, a Washington Municipal Corporation By: by: [D—Sig"ed " K*L, "6r 93E99D67ED24442... Dana Ralph, Mayor Signer Signature Dated: 10/11/2022 1 12:39 PM PDT Date: 9/26/2022 Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com KEYBANK WIRE TRANSFER INSTRUCTIONS If you are authorizing funds to be wired to escrow for closing, please direct the transfer as follows: Bank: Account Name: Account Number: ABA / Bank Routing Number: SWIFT code for international wires KeyBank 1301 51h Avenue 24th Floor Seattle, WA 98101 Rainier Title, LLC 479681268427 125000574 KEYBUS33 WIRE DETAILS MUST INCLUDE THE FOLLOWING REFERENCE INFORMATION OR BE SUBJECT TO REJECTION Our Escrow Number: 805377RT Transactee Name: City of Kent, a Washington Municipal Corporation Property Address: 12410 SE 248th Street, Kent, WA 98030 FUNDS MUST BE WIRED: ACH/Electronic Deposits are NOT accepted and will be rejected by our bank. These instructions are for the purpose of sending wire transfers only. Other forms of payment may cause a closing delay. **BE AWARE! Online banking fraud is on the rise. If you receive an email amending our wire transfer instructions, please call our office immediately to verify the information prior to sending funds. Our wire instructions rarely change so any deviation should be considered suspicious. ** American Land Title Association File No./Escrow No.: 805377RT Jennie Graddon Print Date & Time: 10/11/2022 9:03:16 AM 20435 72nd Ave. S. Bldg. 3 Officer/Escrow Officer: Jennie Graddon Ste. 155 Kent, WA 98032 (253) 216-1024 — Property Address: 12410 SE 248TH STREET ALTA Settlement Statement - Borrower Adopted 05-01-2015 ., t 1 y r� 0 KENT, WA 98030 (KING) (212205-9037-02) VACANT LAND KENT, WA 98030 (KING) (212205-9037-02) VACANTLAND KENT, WA 98030 (KING) (212205-9098-08) Borrower: CITY OF KENT, A WASHINGTON MUNICIPAL CORPORATION 220 4th Ave S Kent, WA 98032 Seller: SUSAN MARIE RUTH, PERSONAL REPRESENTATIVE OF THE ESTATE OF WILLIAM E. RUTH 12410 SE 248th St Kent, WA 98030 Lender: Settlement Date: 10/14/2022 Disbursement Date: 10/14/2022 Descriptlon Borrower P.O.C. Debit CreditD sits, Credits Debits Sale Price of Property $7,200,000.00 Deposit $100,000.00 ADDITIONAL EARNEST MONEY TO EXTEND from City of Kent, a Washington Municipal Cor oration $100,000.00 Prarations County Taxes 10/14/2022 to 1/1/2023 @ $4,192.69/Six Months $1,800.12 County Taxes 10114/2022 to 1/l/2023 @ $5,229.22/Six Months $2,245.15 County Taxes 10/14/2022 to 1/1/2023 0 $2,385.28/Six Months $1,024.11 TIDeCharges Titte - Lender's Title Insurance to Rainier Title, LLC Title - Owner's Title Insurance to Rainier Title, LLC $8,155.00 Tide- Settlement or closing fee to Rainier Title, LLC - Kent $4,950,00 Tide - Owner's Premium Tax to Rainier Title, LLC $807.34 Government Recording and Transfer Charges Recording fees: Deed $214.25 $21425 P.O.C. Debit Credit Subtotals $0.00 $7,219,196.97 $200,000.00 Due From Borrower $7,019 195.97 Totals $0.00 $7.219,195.97 $7219,195.97 File # 805377RT Page 1 of 2 Printed on 10/11 /2022 at 9:03 AM Acknowledgement We/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTA Settlement Statement. We/I authorize Jennie Graddon to cause the funds to be disbursed in accordance with this statement. BORROWER(S) City of Kent, a Washington Municipal Corporation D—Signed by: By: FV � 1 t'VI.pU.1 ) 6r Dana Ralph, ayor SETTLEMENT COORDINATOR JENNIE GRADDON File # 805377RT Page 2 of 2 Printed on 1011112022 at 9:03 AM ,4;� Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com DISCLOSURES TO THE PARTIES UNDER APR-12 September 26, 2022 Re: Escrow Number: 805377RT Seller: Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth Purchaser: City of Kent, a Washington Municipal Corporation Property Address: 12410 SE 248th Street, Kent, WA 98030 THIS NOTICE IS GIVEN IN COMPLIANCE WITH LIMITED PRACTICE RULE FOR LIMITED PRACTICE OFFICERS, KNOWN AS ADMISSION TO PRACTICE RULE 12 OR APR 12 PROMULGATED BY ORDER OF THE SUPREME COURT OF THE STATE OF WASHINGTON In connection with the above transaction I, Jennie Graddon, an employee of Rainier Title, LLC, a lay person and not an attorney or lawyer, am a Limited Practice Officer under APR 12 and licensed thereby to select, prepare and complete certain types of legal documents incident to the closing of certain real estate and personal property transactions. Pursuant to said APR 12, you are advised as follows: 1. Agreement of the Parties. I understand the written agreement delivered to Rainier Title, LLC for closing contains the basic terms and conditions of the transaction and all the parties to the transaction have agreed thereto in writing. 2. Disclosure of the Parties. The scope of the service I am authorized to render to the parties pursuant to APR 12 is limited to the selection, preparation and completion of documents in a form previously approved by the Limited Practice Board created by said APR 12 for use in closing a loan, extension of credit, sale or other transfer of real or personal property. The parties are further advised: a) I am not acting as the advocate or representative of either or any of the parties; b) The following documents will be selected, prepared or completed by me and will affect the legal rights of the parties: LPO approved forms as identified in the Purchase and Sale Agreement and/or Lender instructions. c) The parties' interest in the documents may differ; d) The parties have a right to be represented by lawyers of their own selection; and e) I cannot give any legal advice as to the manner in which the documents may affect the parties. 3. Advice to Consult Counsel. If any of the parties has any question whatsoever regarding such documents or instruments or what affect they may have upon his, her, their or its rights and interest such party should consult an attorney or lawyer of such party's choice, because neither I nor Rainier Title, LLC may lawfully advise any of the parties. Jennie Graddon, LPO # 2514 I have received and read a copy of the Disclosure, and understand its contents. Purchaser: City of Kent, a Washington Municipal Corporation DocuSigned by:I By: �a aA. �U,/ br Dana Ra pHEil8'raaaz... Seller: Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth Date By: Susan Marie Ruth, Personal Representative lZU0I=3jiif% Escrow File No.: Buyer(s): Seller(s): 805377RT City of Kent, a Washington Municipal Corporation Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth LIMITED PRACTICE BOARD FORMS All documents approved and designed for use by the secondary mortgage market including notes, deeds of trust and riders as they may change from time to time, except regulation ' Z." The secondary mortgage market is defined as federally - related institutions such as FNMA, FHLMC and GNMA. SECTION 1: MORTGAGE LENDING DOCUMENTS SECTION 2: ESCROW DOCUMENTS LPB 01-05 Cover Sheet LPB 10-05 Statutory Warranty Deed LPB 11-05 Warranty Fulfillment Deed LPB 12-05 Quit Claim Deed LPB 13-05 Deed & Seller's Assignment of Contract LPB 14-05 Deed & Purchaser's Assignment of Contract x LPB 15-05 Bargain & Sale Deed LPB 20-05 Deed of Trust — Short Form LPB 21-05 Assignment of Deed of Trust LPB 22-05 Deed of Trust LPB 22A-05 Deed of Trust with Due on Sale and Due Date LPB 23-05 Request for Full Reconveyance LPB 24-05 Request for Partial Reconveyance LPB 28A-05 Promissory Note LPB 29-05 Request for Notice LPB 30-05 Bill of Sale LPB 35-05 Subordination Agreement LPB 44-05 Real Estate Contract — Residential Short LPB 45-05 Real Estate Contract — Long Form LPB 50-05 Mortgage LPB 51-05 Satisfaction of Mortgage LPB 52-05 Partial Release of Mortgage LPB 60-05 Release of Lien LPB 61-05 Partial Release of Lien LPB 62-05 Satisfaction of Judgment LPB 63-05 Partial Release of Judgment LPB 64-05 Waiver of Lien LPB 65-05 Partial Waiver of Lien LPB 70-05 Power of Attorney — Sale LPB 71-05 Power of Attorney — Purchase LPB 73-08 Personal Property Security Agreement LPB 74-16 Personal Representative Deed SECTION 3: U.C.C. FORMS All U.C.C. filing forms accepted by Washington State Department of Licensing SECTION 4: x Excise Tax Affidavit Forms; Department of Licensing Forms; Auditor's Cover Sheet; Internally Approved Security Agreement Forms, Consumer Use Tax Return, from the Department of Revenue. SECTION 5: FARMERS HOME ADMINISTRATION FORMS All documents approved and designated for use by the United States Department of Agriculture Farmer's Home Administration in connection with closing an FMHA loan on residential property. INITIALS: DS RAINIERTITLE Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com Escrow File No.: 805377RT Purchasers(s): City of Kent, a Washington Municipal Corporation Seller(s): Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth CLOSING AGREEMENT AND ESCROW INSTRUCTIONS For Purchase and Sale Transaction The undersigned buyer and seller (referred to herein as "the parties") hereby designate and appoint Rainier Title, LLC. (referred to herein as "the closing agent") to act as their closing and escrow agent according to the following agreements and instructions. IT IS AGREED, AND THE CLOSING AGENT IS INSTRUCTED, AS FOLLOWS: Terms of Sale. The terms and conditions of the transaction which is the subject of these instructions (referred to herein as "the transaction") are set forth in the parties' Purchase and Sale Agreement, Earnest Money Agreement, or other written agreement, and any attachments, amendments or addenda to that agreement (referred to herein as "the parties' agreement"), which is made a part of these instructions by this reference. If the Purchase and Sale Agreement provides that a commission is due at closing, the Company will require payment of the commission according to the broker's demand, which will be furnished at the closing agent's request. Any changes to the parties' agreement will be made a part of these instructions, without further reference, when signed by the parties and delivered to the closing agent. These instructions are not intended to amend, modify or supersede the terms and conditions of the parties' agreement and if there is any conflict or inconsistency between these instructions and the parties' agreement, the terms and conditions of the parties' agreement shall control. Description of Real Property. The real property which is the subject of the transaction (referred to herein as "the property") is identified in the parties' agreement. The documents required to close the transaction must contain the "legal description" of the property. If the parties' agreement does not yet contain the correct legal description, the parties or the real estate agent should obtain an addendum setting forth the legal description as soon as possible and deliver it to the closing agent. Closing Date. Unless otherwise described in the parties' agreement, the closing date shall be considered to be the date on which the legal documents are recorded and the funds are available for disbursement. Recording Delays: Occasionally, the county recording office is not able to record the deeds and all other documents required to satisfy the conditions for Closing (the "Closing Documents") the day that the documents are submitted for recording_ Modification of Closing Definition: In the event that, through no fault of the parties, the county recording office fails to record the Closing Documents the day that the documents are submitted for recording, the parties agree to the following revised definition of "Closing": Closing is the date on which (i) the Closing Documents are submitted to the county for recording; (ii) the sale proceeds are available to Seller; (iii) the Closing Agent has received the irrevocable commitment of the Title Insurance Company to deliver all title policies; and (iv) the Closing Agent is able to satisfy any other conditions required by instructions of any other party required for Closing. Documents. The closing agent is instructed to select, prepare, complete, correct, receive, hold, record and deliver documents as necessary to close the transaction. The closing agent may request that certain documents be prepared or obtained by the parties or their attorneys, in which case the parties shall deliver the requested documents to the closing agent before the closing date. Execution of any document will be considered approval of its form and content by each party signing such document. Page 1 of 7 Deposits and Disbursements of Funds. Before the closing date, each party shall deposit with the closing agent all funds required to be paid by such party to close the transaction, less any earnest money previously deposited with the real estate agent. The closing agent is authorized, but not required, to consider a lending institution's written commitment to deposit funds as the equivalent of a deposit of such funds, if all conditions of the commitment will be met on or before the closing date. All funds deposited with the closing agent shall be deposited in an escrow trust account with a bank doing business in the State of Washington. The parties hereby acknowledge that except as provided by Supreme Court Admission to Practice Rule 12.1 and 12.1 (h) adopted in 1995, the money deposited with closing agent by them in connection with this escrow will be further deposited into a non -interest bearing account with a financial institution ("the funds depository") whose deposits are covered by FDIC insurance. The parties further acknowledge that in calculating the amount of available insurance, the FDIC will consolidate moneys deposited under this escrow with all other funds of the undersigned which are on deposit with the funds depository. The parties do therefore release closing agent from any liability and assume all responsibility for any loss to themselves which may result from a lack of FDIC insurance in excess of $250,000.00. The parties acknowledge that the Closing Agent may receive incidental benefits from the financial institution based on the existence of its escrow trust account deposits. The closing agent shall not be required to disburse any funds deposited by check or draft until it has been advised by its bank that such check or draft has been honored. RCW 18.44.070 provides that an escrow agent shall not make disbursements until the next business day after the business day on which the funds are deposited unless the deposit is made in cash, by interbank electronic wire transfer, or in a form that permits conversion of the deposit to cash on the same day the deposit is made. All disbursements shall be made by the closing agent's check or, if the payee so instructs in writing, by electronic wire transfer. Funds will be disbursed as quickly as possible following closing. In many instances disbursement will occur on the next business day. International wire transfers may not be disbursed until the second business day following closing. Escrow will determine the most expedient and secure method to remit loan payoff funds. Due to growing concerns of wire fraud, payoff funds may be remitted by overnighting a check rather than via wire transfer. Accounts may not show paid in full until a few days after closing. Rainier Title will not be responsible for accrual of interest, late fees, or other charges for which you are responsible in the interim. Settlement Statement. The closing agent is instructed to prepare a preliminary, estimated settlement statement showing all funds deposited for the account of each of the parties and the proposed disbursements from such funds. No funds shall be disbursed until the parties have examined and approved the settlement statement. Some items may be estimated, and the final amount of each estimated item will be adjusted to the exact amount required to be paid at the time of disbursement. The settlement statement will be subject to audit and any errors or omissions may be corrected at any time. If any monetary error is found, the amount will be immediately paid by the party liable for such payment to the party entitled to receive it. Pro -rations. Adjustments or pro -rations of real estate taxes, and other charges if any, which appear on the Title Report, shall be made on the basis of a 365 day year, unless the closing agent is otherwise instructed in writing. Title Insurance. The closing agent shall order or obtain copies and forward to the parties as applicable, a Preliminary Commitment for the Title Insurance on the property (referred to herein as "the title report"), together with copies of the exceptions noted thereon. The parties shall be responsible to review these items for accuracy, a verification of the legal description, and to determine their acceptability for purposes of closing. Verification of Existing Encumbrances. The closing agent is permitted to request a written statement from the holder of each existing encumbrance on the property, verifying its status, terms, balance owing and, if it will not be removed at closing, the requirements that must be met to obtain a waiver of any due -on -sale provision. The closing agent is authorized to rely upon such written statements in the performance of its duties, without liability or responsibility for their accuracy or completeness. The Closing Agent may further rely upon any verbal update to a written payoff statement provided by an existing lender and the borrower agrees to indemnify Closing Agent for payoff amounts which may be regarded as incomplete or inaccurate by the lender upon receipt. Page 2 of 7 Disclosure of Information to Third Parties. The closing agent is authorized to furnish, upon request, copies of any closing documents, agreements or instructions concerning the transaction to the parties' designated attorneys, and to their real estate agent, the designated lender, loan broker and title insurance company involved in the transaction. Records Retention. Unless otherwise prescribed by law, the closing agent may destroy after six (6) years from the closing date hereof, these and records, agreements and instruments relating to the closing of this transaction, including all documentation and accounting information, excluding however, any and all loan documents. Closing Agent's Fees and Expenses. The closing agent's fee is intended as compensation for the usual closing services as set forth in these instructions. If additional services are requested or required to comply with any change or addition to the parties' agreement or these instructions, or as a result of any party's assignment of interest or delay in performance, the parties agree to pay a reasonable additional fee for such services. The parties shall also reimburse the closing agent for any out-of-pocket costs and expenses incurred by it under these instructions, including but not limited to excessive fax costs, electronic wire transfer costs and courier fees. Cancellation. These instructions may be canceled by a written agreement, signed by all of the parties, and payment of the closing agent's fees, costs and expenses. Upon receipt of such agreement and payment, the closing agent shall return any money or documents then held by it to the parties that deposited the same, and shall have no further duties or responsibilities under these instructions. Inability to Comply With Instructions. If the closing agent receives conflicting instructions or determines, for any reason, that it cannot comply with these instructions by the date for closing specified in the parties' agreement or in any written extension of that date, it shall notify the parties, request further instructions, and in its discretion: (1) continue to perform its duties and close the transaction as soon as possible after receiving further instructions, or (2) if no conflicting instructions have been received, return any money or documents then held by it to the parties that deposited the same, less any fees and expenses chargeable to such party, or (3) commence a court action, deposit the money and documents held by it into the registry of the court, and ask the court to determine the rights of the parties. When the money and documents have been returned to the parties or deposited into the registry of the court, the closing agent shall have no further duties or responsibilities under these instructions. Disputes. Should any dispute arise between the parties, or any of them, and/or any other party, concerning the property or funds involved in the transaction, the closing agent may, at its sole discretion, hold all documents and funds in their existing status pending resolution of the dispute, or join or commence a court action, deposit the money and documents held by it with the court, and ask the court to determine the rights of the parties. Upon depositing said funds and documents with the court, the closing agent shall have no further duties or responsibilities under these instructions. The parties jointly and severally agree to pay the closing agent's costs, expenses and reasonable attorney's fees incurred in any lawsuit arising out of or in connection with the transaction or these instructions, whether such lawsuit is instituted by the closing agent, the parties, or any other person. Notices. Any notice, declaration or request made under these instructions shall be in writing, signed by the party giving such notice or making such declaration or request, and personally delivered or mailed to the closing agent and other parties. Amendments. Any amendment, addition or supplement to these instructions must be in writing, signed by the appropriate parties and delivered to the closing agent. Counterparts. These instructions may be executed in one or more counterparts with like effect as if all signatures appeared on one copy. MATTERS TO BE COMPLETED BY THE BUYER AND SELLER IMPORTANT -READ CAREFULLY The following items must be completed by the parties, outside of escrow, and are not part of the closing agents' duties under these instructions. Page 3 of 7 Inspection and Approval of the Property. Any required inspections or approvals of the property or of improvements, additions or repairs to the property will be arranged and completed by the parties, outside of escrow. The closing agent shall have no liability with respect to the physical condition of the property, or any buildings, improvements, plumbing, heating, cooling, electrical, septic or other systems on the property, and no responsibility to inspect the property, or to otherwise determine its physical condition, or to determine whether any required improvements, additions or repairs have been satisfactorily completed. Undisclosed Sewer Charges. Buyer and seller acknowledge that the subject property may be located within one of those participating cities or sewer districts which have entered into a special contractual relationship with the Metro Council which may allow Metro to levy a fee or charge an additional service fee. Buyer and Seller agree that any adjustment shall be handled outside of closing and Escrow Closer shall be held harmless with respect to any such "capacity charge". Real Estate Disclosure. A Residential Real Estate Sales Disclosure may be required to be furnished by the seller to the buyer before the closing of the sale of subject property in accordance with Title 64 RCW, enacted 1994 and as amended. Escrow Closer has not advised either party as to the scope of such disclosure or the parties' rights or duties thereunder, but has advised both parties to review these matters with their real estate agent or an attorney of their choice. Escrow Closer is hereby assured by the buyer that any disclosure required, including any disclosure relative to Farm and Timber, Asbestos or Lead Base Paint, has been received and the appropriate time has expired and Escrow Closer has no duty to independently confirm such receipt and time expiration by buyer. Personal Property. Any required inspections, approvals or transfers of possession of any owned or leased fixtures, equipment or other items of personal property included in the transaction, and payment of any personal property, sales or use taxes, will be completed by the parties outside of escrow. Unless otherwise instructed in writing, the closing agent shall have no responsibility with respect to such personal property and shall not be required to determine the status or condition of the title to, encumbrances upon, ownership, or physical condition of such personal property, nor to calculate, pro- rate, collect, prepare returns for or pay any personal property tax, sales tax or use tax arising from the transaction. Utilities. If the Purchase and Sale Agreement lists the names and addresses of public utilities which could claim a lien, the Closing Agent shall request statements for payment of final or estimated billings and is instructed to pay the amounts demanded by such designated public utilities. In the event such designated public utilities do not provide the payment information within the time allowances prescribed by law, Closing Agent shall have no further responsibility to the parties for the payment of said utilities, and shall not be required to pay them, and seller agrees to discharge said utilities outside of escrow. All other orders, cancellations, transfers, payments and adjustment of accounts for installation or service of water, sewer, garbage collection, electricity, gas, fuel oil, telephone, television cable and any other utilities for public services, including installation fees, will be completed by the parties outside of escrow. Unless specifically instructed in writing by one or more parties in accordance with State of Washington RCW 60.80, all orders, cancellations, transfers, payments and adjustments of accounts for water, sewer, garbage collection, electricity, gas, FUEL OIL, telephone, television cable and any other utilities or public services will be completed by the parties outside of escrow. Unless otherwise instructed, the closing agent shall have no responsibility to determine, collect, pay, pro -rate or adjust charges for installation or service for any utilities or public services, except to pro- rate existing recurrent assessments for public improvements if any, which may appear on the title report. Fire or Casualty Insurance. If a new policy of fire, hazard or casualty insurance on the property is necessary to close the transaction, the buyer will arrange for the policy to be issued, and will provide evidence of the required insurance coverage to the closing agent before the closing date, together with a paid premium receipt or an authorization to pay the premium through escrow. The parties are advised to consult with their respective property and hazard insurance companies to confirm adequate coverage on Closing, as defined in these instructions. Possession of the Property. The transfer of possession of the property shall be arranged between the parties, or through their respective real estate agents, outside of escrow, and shall not be the responsibility of the closing agent. Page 4 of 7 Collection Account. If any financing for the transaction will be provided by a private party, the parties are advised to open a collection account at a financial institution to receive and disburse payments to be made under the private promissory note or contract. The collection account shall be established by the parties outside of escrow and shall not be the responsibility of the closing agent. 1099-S Reporting of Sellers Proceeds. In compliance with the Tax Reform Act of 1986, Internal Revenue Code Sections 6045(e), 6676, 6722, 6723, and 7203 and as further amended, seller shall provide all information necessary, including Seller's Taxpayer Identification Number (TIN), for the preparation of a Form 1099-S as required by the Internal Revenue Service in connection with the closing and completion of the transaction. Closing agent reserves the right not to close the escrow if adequate information to complete Form 1099-S is not provided by the seller. Foreign Investment in Real Property Tax Act. If any seller is, or may be, a non-resident alien or a foreign corporation, partnership, trust or estate for the purposes of United States income taxation, the parties are advised to consult with their attorneys before the closing date to determine their responsibilities and liabilities, if any, under the Foreign Investment in Real Property Tax Act (Section 1445 et seq. of the Internal Revenue Code). The closing agent is not required to verify the nationality or foreign status of any of the sellers, or to withhold, report or pay any amounts due under such act, unless directed by the parties in writing. However, the closing agent may request additional information or documentation concerning sellers' foreign status, and the parties agree to cooperate by providing such information and documentation. Approvals and Permits. The parties are advised to consult with their attorneys to determine whether any building, zoning, subdivision, septic system, or other construction or land use permits or approvals will be required, either before or after the closing date. The closing agent shall have no responsibility with respect to any such permit or approval, and shall have no liability arising from the failure of any party to obtain, or from the refusal of any governmental authority to grant, any such permit or approval. Condominiums and Common Interest Communities: A seller may be required to deliver a resale certificate or public offering statement to the buyer of a condominium unit prior to closing in accordance with RCW Chapter 64.34, known as the Condominium Act. A seller may be required to deliver a public offering statement or resale certificate to the buyer of property within certain common interest communities prior to closing in accordance with Senate Bill 6175, known as the Washington Uniform Common Interest Ownership Act. Closing Agent cannot advise either party as to the scope of such requirements or the parties' rights or duties thereunder, but hereby advises both parties to review these matters with an attorney of their choice. Closing Agent has no duty to independently confirm such requirements, if applicable, will be or has been met prior to closing. Compliance with Certain Laws. The parties are advised to consult with their attorneys to determine their rights and responsibilities, if any, under the Consumer Protection Act, Truth -in -Lending Act or other similar laws. The Closing Agent shall have no responsibility for the parties' compliance, nor any liability arising from the failure of any party to comply, with any such law. Public Record Telephone Number(s): The Washington State Department of Revenue requires that a telephone number for the Grantor and Grantee are included on the Real Estate Excise Tax Affidavit. This document gets recorded with the county auditor's office and the information contained within will become public record. The parties are encouraged to review the Real Estate Excise Tax Affidavit and notify their closing team, in writing, at least 48 hours prior to closing, with any request to include an alternative telephone number. Page 5 of 7 Additional Agreements, Instructions and Disclosures: Any additional instructions noted below or attached by addenda are hereby incorporated into these instructions and made a part hereof. Purchaser City of Kent, a Washington Municipal Corporation �DocuSigned by: AAaA. NfL1 "br Dana Ralph, Mayor Seller Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth By: Susan Marie Ruth, Personal Representative Accepted By: Jennie Graddon Rainier Title, LLC Page 6 of 7 PRIVACY POLICY We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information — particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: • Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; • Information about your transactions with us, our affiliated companies, or others, and • Information we receive from a consumer reporting agency. Use of Information We request information from you for your own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or services you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Page 7 of 7 [�IM11=1:111 Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com Escrow File No.: 805377RT Purchasers(s): City of Kent, a Washington Municipal Corporation Seller(s): Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth Supplement To AGREEMENT AND ESCROW INSTRUCTIONS For Purchase and Sale Transaction Including Instructions to Record Documents and Disburse Funds This supplement is part of the Closing Agreement and Escrow Instructions signed by the parties under the closing agent's escrow file number set forth above. Except as expressly modified, changed or amended by this supplement, all terms and conditions of the Closing Agreement and Escrow Instructions, and any previous supplements, additions or amendments thereto, shall remain in effect. THE SELLER HAS OR WILL DEPOSIT THE FOLLOWING DOCUMENTS WITH THE CLOSING AGENT UNDER THESE INSTRUCTIONS: X Statuto Warran Deed X I Real Estate Excise Affidavit THE BUYER HAS OR WILL DEPOSIT THE FOLLOWING DOCUMENTS WITH THE CLOSING AGENT UNDER THESE INSTRUCTIONS: X Real Estate Excise Tax Affidavit X Sufficient Funds to Close BY SIGNING THIS DOCUMENT, EACH PARTY ACKNOWLEDGES: Conditions of Parties' Agreement Satisfied. All terms and conditions of the parties' Purchase and Sale Agreement have been met to my satisfaction, or will be met, satisfied or complied with outside of escrow, and closing agent shall not be further concerned. Title Report Approved. The Preliminary Commitment for Title Insurance, including the legal description of the property and all attachments and supplements to that report, issued by Rainier Title, LLC under order number 805377RT are approved by me and made a part of these instructions by this reference. Settlement Statement Approved. The preliminary, estimated settlement statement prepared by the closing agent is approved by me, made a part of these instructions by this reference, and I agree to pay my costs, expenses and other obligations itemized on that statement. I understand that any estimated amounts will be adjusted to reflect the exact amounts required when the funds are disbursed, that the settlement statement continues to be subject to audit at any time, and if any monetary error is found, the amount will be paid by the party liable for such payment to the party entitled to receive it. Page 1 of 3 BY SIGNING THIS DOCUMENT, THE BUYER FURTHER ACKNOWLEDGES: Property Approved. I have had adequate opportunity to review the seller's written disclosure statement, if any, and to inspect the property and to determine the exact location of its boundaries. The location and physical condition of the property and any buildings, improvements, plumbing, heating, cooling, electrical or septic systems on the property are approved. I understand that all inspections and approvals of the location and physical condition of the property are my sole responsibility, and are not part of the closing agent's duties and responsibilities. I hereby release and agree to hold the closing agent harmless from any and all claims of liability for loss or damage arising or resulting from any physical condition or defect on the property, or from the location of its boundaries. Assumed Encumbrances Approved. I have had adequate opportunity to review the terms of payment, interest rates and conditions of any existing notes, deeds of trust, mortgages, contracts, assessments, or other debts or obligations that I will assume and agree to pay in this transaction, and hereby approve the same. THE CLOSING AGENT IS INSTRUCTED TO PROCEED AS FOLLOWS: Instructions to Close. The closing agent is instructed to perform its customary closing duties under these instructions, to deliver and record documents according to these instructions, and to disburse the funds according to the settlement statement, adjusting estimated amounts, when the closing agent has the documents required to close the transaction in its possession and has, or will obtain when the documents have been delivered and recorded: 1. Sale proceeds for the seller's account in the sum of $7,200,000.00, to be disbursed according to the settlement statement. 2. Loan proceeds for the buyer's account in the sum of , to be disbursed according to the settlement statement. 3. A policy of title insurance issued pursuant to the Preliminary Commitment for Title Insurance referred to above, insuring the buyer with ALTA Standard Coverage Owner's Policy (06/2006)coverage with liability of not less than $7,200,000.00, having the usual clauses, provisions and stipulations customarily contained in the printed provisions and schedules of such policy forms, insuring the buyer's title to the property against all defects or encumbrances except those set forth in the printed exceptions and exclusions customarily contained in the printed provisions and schedules of such policy forms, matters attaching by, through or under the buyer, taxes not yet due, and the matters set forth in the following numbered paragraphs of Schedule B of the Preliminary Commitment for Title Insurance: 4. Such other policies of title insurance as may be required by any lenders that are providing financing for the transaction, in accordance with instructions from them. Completion or Correction of Documents. The closing agent is permitted to correct any obvious or typographical errors found in any document deposited under these instructions, and to insert as necessary the closing date, the date on which interest begins to accrue, and the dates on which payments must be made, if such items are incomplete. If necessary, the closing agent is authorized to substitute the vesting page of the executed conveyance deed to amend grantee's (buyer's) names and/or vesting in the event the buyer or their lender uses a different variation for final closing. Should corrections, revisions or additional signatures be needed to perfect any documents, whether pre or post closing, the parties agree to cooperate with closing agent and shall promptly aid in the closing agent's request for said corrections. Adjustments and Pro -rations. The closing agent is instructed to adjust and pro -rate as of the closing date, real estate taxes for the current year, recurrent assessments if any. E-mail Transmission. Escrow Agent will communicate to the parties using e-mail if that address is provided by the parties on these instructions or on the P&SA given to the Escrow Agent, or if the parties communicate directly with the Escrow Agent using e-mail. Email transmission of any signed original document and retransmission of any signed email transmission, shall be the same as delivery of an original. Disbursement of Funds. Funds will be disbursed as quickly as possible following closing. In many instances disbursement will occur on the next business day. International wire transfers may not be disbursed until the second business day following closing. Escrow will determine the most expedient and secure method to remit loan payoff funds. Due to growing concerns of wire fraud, payoff funds may be remitted by overnighting a check rather than via wire transfer. Accounts may not show paid in full until a few days after closing. Rainier Title will not be responsible for accrual of interest, late fees, or other charges for which you are responsible in the interim. Page 2 of 3 BY SIGNING THIS DOCUMENT, EACH PARTY ACKNOWLEDGES: Standard of Care. It is agreed that closing agent, as escrow holder, shall be responsible only for the exercise of ordinary care in following the instructions contained herein and is hereby released from any further or additional liability. Seller agrees jointly and severally with buyer to indemnify and hold closing agent harmless from and against any loss or damage that may result from closing agent completing this transaction in accordance with these instructions, and to pay on demand all costs, damages, judgments, attorneys' fees, expenses, obligations and liabilities of every kind and nature suffered or incurred in connection with or arising out of this escrow except any liability founded upon failure to exercise ordinary care in following the instructions contained herein. Advice to Consult Counsel. It is understood by the parties signing these escrow instructions or those instructions, which are attached or subsequent, hereto that such instructions constitute the whole agreement between closing agent and you as principal to the escrow transaction. These instructions may not include all the terms of the agreement, which is the subject of this escrow. Read these instructions carefully and do not sign unless they are acceptable to you. Review all questions of a legal nature with your own attorney. Condominiums and Common Interest Communities: A seller may be required to deliver a resale certificate or public offering statement to the buyer of a condominium unit prior to closing in accordance with RCW Chapter 64.34, known as the Condominium Act. A seller may be required to deliver a public offering statement or resale certificate to the buyer of property within certain common interest communities prior to closing in accordance with Senate Bill 6175, known as the Washington Uniform Common Interest Ownership Act. Closing Agent has not advised either party as to the scope of such requirements or the parties' rights or duties thereunder, but has advised both parties to review these matters with an attorney of their choice. Closing Agent is hereby assured by the buyer that any public offering statement or resale certificate required has been received and the appropriate time has expired and Closing Agent has no duty to independently confirm such receipt and time expiration. Public Record Telephone Number(s): The Washington State Department of Revenue requires that a telephone number for the Grantor and Grantee are included on the Real Estate Excise Tax Affidavit. This document gets recorded with the county auditor's office and the information contained within will become public record. The parties are encouraged to review the Real Estate Excise Tax Affidavit and notify their closing team, in writing, at least 48 hours prior to closing, with any request to include an alternative telephone number. By our signature below we hereby designate Rainier Title to be the closing agent. Purchaser/Borrower: City of Kent, a Washington Municipal Corporation DocuSigned by: By: �&v A. NfL, "br Dana Ralph, Mayor Seller Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth By: Susan Marie Ruth, Personal Representative Page 3 of 3 RAINIERTITLE 9/26/2022 Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com Escrow No.: 805377RT Property Address: 12410 SE 248th Street, Kent, WA 98030 Important Notice to New Property Owners PROPERTY TAXES Our experience has shown that many tax delinquencies occur during the first year of property ownership. As a new property owner, you should be aware of the manner in which real property taxes are currently billed and paid. Property taxes in all Washington counties may be paid in two equal installments. The first installment is due on April 30th and pays for the period of January 1st through June 30t". The second installment is due October 31st and pays for the period from July 1st through December 31s'. Taxes which become delinquent shall incur interest and penalty charges. Your property tax account number is: 212205-9037-02, 212205-9037-02, 212205-9098-08 Your first tax payment will be due: Pursuant to the terms of your transaction: Unless your lender will collect reserves with your monthly payment and will pay taxes from your reserve account, you will be responsible for the payment of your taxes directly to the county when due. PLEASE NOTE - YOU MUST CONTACT THE TREASURER LISTED BELOW TO OBTAIN CURRENT TAX STATEMENTS AS THE COUNTY DOES NOT TRACK CHANGE IN OWNERSHIP If your lender is collecting reserves, we suggest you call the county around the end of June and the end of December to confirm that your lender did in fact make payment to the county. The Office of Finance is responsible for the collection of property taxes. If you have any questions regarding real property taxes or need a statement, please contact the appropriate Treasurer's office for the county in which your property is located. King County Treasury 201 S. Jackson Street, Suite 710 Seattle, WA 98104 (800) 325-6165 www.kingcounty.gov The undersigned understand(s) that even if he/she/they do not receive a tax payment notification from the county, it is still the owner's responsibility to pay the taxes when due, or interest and penalty charges will be assessed by the county. Closing Agent will not be held responsible for interest and penalties due on taxes not paid by the due date. City of Kent, a Washington Municipal Corporation Date DocuSigned by: IP93M A. ��,, By: esses�e� Dana Ralph, Mayor R .7 Rainier Title, LLC - Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com UTILITY DISBURSEMENT AGREEMENT THIS AGREEMENT is made between Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth, (Seller), City of Kent, a Washington Municipal Corporation, (Buyer) and Rainier Title (Closing Agent) concerning Escrow File Number 805377RT, related to the following street address: 12410 SE 248th Street, Kent, WA 98030. WHEREAS, Washington law requires Escrow Agent to pay certain utilities that can become a lien through the date of closing if the Buyer requests. If Buyer does not waive this requirement, the closing may not occur until Seller provides the required information and the designated utilities provide statements to Escrow Agent. NOW THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree and instruct Closing Agent as follows: ❑ 1. If checked, the parties direct Closing Agent to disburse the closing funds necessary to pay utilities that have lien rights and that are designated by Seller_ a. Pursuant to statute, the Seller must provide the names, addresses and account numbers of all utilities that can become a lien upon the land if not paid. Closing Agent is not responsible to determine the appropriate utilities to be paid. Seller acknowledges that prior to closing, Seller has provided a list of utilities to be paid. b. The Closing Agent may pay either the final statement of the utility company or the estimate of the utility company that is binding to the utility with respect to its lien rights against the Buyer. Seller understands that payment of the utility company's estimated statement allows the utility company to require further funds from Seller if the final billing is higher, and the utility company is responsible to provide refund to the Seller directly if the final billing is lower. c. The Closing Agent may be required to withhold an estimated amount from funds due to the Seller in order to pay the designated utilities. That withhold, if needed, will be disclosed on the Seller's settlement statement. The funds shall be held in a non interest -bearing trust account until such time as the Closing Agent may determine and pay the amount claimed due and refund the balance to the Seller. If the withheld funds are insufficient, Seller agrees to deposit the additional amount within 7 days after notice. d. If Seller did not designate one or more utilities that have a lien right against the owner of the property, Seller remains liable to the Buyer to pay all utility charges due by the owner of the property through the date of closing of the sale and will hold Closing Agent harmless from responsibility for the payment or for administering any reimbursement due to Buyer. ® 2. If checked, the parties do not request Closing Agent to pay utilities. Buyer hereby waives the statutory duty of Closing Agent to pay Seller's utilities. a. Seller acknowledges the Seller's obligation at the time of sale to pay all utility charges that are due by the owner of the land through the date of the closing. Seller agrees to satisfy any such liens or charges outside of closing. b. Seller remains liable to the Buyer to pay all utility charges due by the owner of the property through the date of closing of the sale, and to promptly reimburse Buyer for any amount Buyer pays that became due before the closing. Both parties hold Closing Agent harmless from responsibility for reimbursement to the parties claimed to be due after the closing date. Buyer and Seller understand and agree that Escrow does not handle the transferring of utilities. It is the sole responsibility of the Buyer and Seller to ensure all utilities have been transferred at closing. City of Kent, a Washington Municipal Corporation Date EVD—Sig-d by: By: Dana F<alph, mayor Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth Date By: Susan Marie Ruth, Personal Representative Buyer authorizes Closing Agent to provide the following contact information to utility providers and/or homeowner associations as requested: 253-856-5720 Dralph@kentwa.gov Phone Number Email Address Kent WA 98031 (If different from property address) _ Street ;Q0%A..dby: City State T Zip �X,A n,1r1. ;9/11/2022 1 12:39 PM PDT Buyer srgna ure Date Buyer signature Date Rainier Title, LLC -Kent 20435 72nd Ave. S., Bldg. 3 Ste 155 Kent, WA 98032 (253)216-0240 (P) (425)329-2194 (F) teamjennieg@rainiertitle.com QUALIFIED SUBSTITUTE STATEMENT (FIRPTA) June 1, 2016 City of Kent, a Washington Municipal Corporation 220 4th Ave S Kent, WA 98032 Escrow Number: 805377RT RE: 12410 SE 248th Street Purchase and Sale Agreement dated: 08.08.2022 Seller(s): Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth Buyer(s): City of Kent, a Washington Municipal Corporation To the above referenced Buyer(s): Rainier Title, LLC, a Washington limited liability company (RT), is Closing Agent for above referenced transaction. By this writing RT affirms under penalty of perjury that it has received and holds a fully completed FIRPTA Certificate from the Seller confirming that no individual making up the Seller is a foreign person and providing all the individual Sellers' names, addresses, and tax identification or social security numbers. Rainier Title, LLC By Its Authorized Representative WHEN RECORDED RETURN TO: Name: City of Kent, a Washington Municipal Corporation Address: 220 4th Ave S Kent, WA 98032 EDoou&gned by: 93E99D67 4442... Escrow Number: 805377RT Filed for Record at Request of: Rainier Title, LLC BARGAIN AND SALE DEED THE GRANTOR(S), Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth, for and in consideration of Ten dollars and Zero cents ($10.00) and other good and valuable consideration in hand paid, bargains, sells and conveys to City of Kent, a Washington Municipal Corporation the following described real estate, situated in the County of King, State of Washington: Full Legal: See attached Exhibit "A" Abbreviated Legal: Ptn. SW qtr. NE qtr. Sec. 21, Twn. 22N., Rng. 5E., W.M. Tax Parcel Number(s): 212205-9037-02, 212205-9097-09, 212205-9098-08 Dated: September 26, 2022 Signature and Notary follow on next page LPB 15-05(r) rev. 4/2009 This page is attached to and made a part of the Bargain and Sale Deed Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth By: Susan Marie Ruth, Personal Representative STATE OF Washington COUNTY OF King This record was acknowledged before me on by as of Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth. Name: My Commission Expires: LPB 15-05 (r) rev. 10/2016 EXHIBIT A Parcel A: That portion of the Southwest quarter of the Northeast quarter in Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington, described as follows: The West half of the West half; EXCEPT the South 594 feet thereof; TOGETHER WITH the East half of the West half; EXCEPT the South 264 feet and EXCEPT the East 15 feet of the North 645 feet of the South 909 feet; AND EXCEPT the East 30 feet of that portion lying North of the South 909 feet; Parcel B: The South 264 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet for road; Parcel C: The North 330 feet of the South 594 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet thereof for road; Situate in the County of King, State of Washington. Department of Real Estate Excise Tax Affidavit (RCW 82.45 WAC 458-61A) Revenue At Oniy for sales in a >ingle location code on or aftei .kdy 1, 2022. Washington State This affidavit will not be accepted unless all areas on all pages are fully and accurately completed. Form 84 Ov0'1 This form is your receipt when stamped by cashier. Please type or print. ❑ Check box if partial sale, indicate % sold. List percentage of ownership acquired next to each name. 1 Seller/Grantor Susan Marie Ruth, Personal Representative of The Estate of William E. Name Ruth 2 Buyer/Grantee Name City of Kent, a Washington Municipal Corporation Mailing address 12410 SE 248th St Mailing address 220 4th Ave S City/state/zip Kent, WA 98030 City/state/zip Kent, WA 98032 Phone (including area code) 206.930.7091 Phone (including area code) 253.856.5116 3 List all real and personal property tax Personal Assessed Send all property tax correspondence to: [X] Same as Buyer/Grantee parcel account numbers property? value(s) Name 212205-9037-02 ❑ $ 738,000.00 212205-9097-09 ❑ $ 876,000.00 Mailing address 2122OS-9098-08 ❑ $ 402,000.00 City/state/zip LEVY CODE 1519 4 Street address of property 12410 SE 248th Street, Kent, WA 98030 This property is located in J City of Kent I (for unincorporated locations please select your county) ❑ Check box if any of the listed parcels are being segregated from another parcel, are part of a boundary line adjustment or parcels being merged. Legal description of property (if you need more space, attach a separate sheet to each page of the affidavit). SEE ATTACHED EXHIBIT A a Land use code 11 Enter any additional codes (see back of last page for instructions) Was the seller receiving a property tax exemption or deferral under RCW 94.36, 84.37, or 84.39 (nonprofit org., senior citizen or disabled person, homeowner with limited income)? [ ] Yes [ x ] No Is this property predominantly used for timber (as classified under RCW 84.84 and 84.33) or agriculture (as classified under RCW 84.34.020) and will continue in it's current use? If yes and the transfer involves multiple parcels with different classifications, complete the predominated use calculator (see instructions) [ ] Yes [ x ] No Is this property designated as forest land per RCW 84.33? [ ] Yes [ x ] No Is this property classified as current use (open space, farm and agricultural, or timber) land per RCW 84.34? [ ] Yes [ x ] No Is this property receiving special valuation as historical property per RCW 84.267 [ ] Yes [ x ] No If any answers are yes, complete as instructed below. (1) NOTICE OF CONTINUANCE (FOREST LAND OR CURRENT USE) NEW OWNER(5): To continue the current designation as forest land or classification as current use (open space, farm and agriculture, or timber) land, you must sign on (3) below. The county assessor must then determine if the land transferred continues to qualify and will indicate by signing below. If the land no longer qualifies or you do not wish to continue the designation or classification, it will be removed and the compensating or additional taxes will be due and payable by the seller or transferor at the time of sale (RCW 84.33.140 or 84.34.108). Prior to signing (3) below, you may contact your local county assessor for more information. This land: ❑ does ® does not qualify for continuance. Deputy assessor signature Date (2) NOTICE OF COMPLIANCE (HISTORIC PROPERTY) NEW OWNER(S): To continue special valuation as historic property, sign (3) below. If the new owner(s) doesn't wish to continue, all additional tax calculated pursuant to RCW 84.26, shall be due and payable by the seller or transferor at the time of sale. (3) NEW OWNER(S) SIGNATURE Signature Print name Signature Print name 7 List all personal property (tangible and intangible) included in selling price. If claiming an exemption, list WAC number and reason for exemption. WAC number (section/subsection) Reason for exemption Type of document Bargain and Sale Deed Date of document September 26th, 2022 Gross selling price $7,200,000.00 *Personal property (deduct) Exemption claimed (deduct) Taxable selling price $7,200,000.00 Excise tax: state Less than $500,000.01 at 1.1% $5,500.00 From $500,000.01 to $1,500,000 at 1.28% $12,800.00 From $1,500,000.01 to $3,000,000 at 2.75% $41,250.00 Above $3,000,000 at 3% $126,000.00 Agricultural and timberland at 1.28% Total excise tax: state $185,550.00 Local $36,000.00 *Delinquent interest: state Local *Delinquent penalty Subtotal $222,550.00 *State technology fee $5.00 Affidavit processing fee Total due $221,555.00 A MINIMUM OF $10.00 IS DUE IN FEE(S) AND/OR TAX *SEE INSTRUCTIONS 8 DocuSignea by: I CERTIFY UNDER PENALTY OF PERJURY THAT THE FOREGOING IS TRUE AND CORRECT I Signature of grantor or agent Signature of grantee or agent VGUA,A. ra4,U.f "er Susan Marie Ruth, Personal Representative of The Estate4442... Name (print) of William E. Ruth Name (print) Dana Ralph, Agent Date & city of signing Date & City of signing 10/11/2022 1 12 qa�ffitPM PDT Perjury in the second degree is a class Cfelony which is punishable by confinement in a state correctional institution for a maximum term of five years, or by a fine in an amount fixed by the court of not more than $10,000, or by both such confinement and fine (RCW 9A.72.030 and RCW 9A.20.021(1)(c)). To ask about the availability of this publication in an alternate format for the visually impaired, please call 36o-705-6705. Teletype (TTY) users may use the WA Relay Service by calling 711. REV 84 0001a (8/D8/22) THIS SPACE TREASURER'S USE ONLY COUNTY TREASURER Print on legal size paper. EXHIBIT A Parcel A: That portion of the Southwest quarter of the Northeast quarter in Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington, described as follows: The West half of the West half; EXCEPT the South 594 feet thereof; TOGETHER WITH the East half of the West half; EXCEPT the South 264 feet and EXCEPT the East 15 feet of the North 645 feet of the South 909 feet; AND EXCEPT the East 30 feet of that portion lying North of the South 909 feet; Parcel B: The South 264 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet for road; Parcel C: The North 330 feet of the South 594 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet thereof for road; Situate in the County of King, State of Washington DocuSign Certificate Of Completion Envelope Id: D98D9779C42541 BEA438E8E3A81 CEB4C Subject: 805377RT Complete with DocuSign: Closing Documents GF#: Source Envelope: Document Pages: 28 Signatures: 10 Certificate Pages: 3 Initials: 1 AutoNav: Enabled Envelopeld Stamping: Disabled Time Zone: (UTC-06:00) Central Time (US & Canada) Record Tracking Status: Original 10/11/2022 11:23:56 AM Signer Events Dana Ralph, Mayor DRalph@kentwa.gov Mayor Security Level: Email, Account Authentication (None) Electronic Record and Signature Disclosure: Accepted: 10/11/2022 2:38:09 PM ID:b2f88a66-355e-4058-ad78-127da8039c73 In Person Signer Events Editor Delivery Events Agent Delivery Events Intermediary Delivery Events Certified Delivery Events Carbon Copy Events Bryan Higgins BHiggins@Kentwa.gov Security Level: Email, Account Authentication (None) Electronic Record and Signature Disclosure: Not Offered via DocuSign Lynn Osborn LOsborn@kentwa.gov Security Level: Email, Account Authentication (None) Electronic Record and Signature Disclosure: Not Offered via DocuSign Witness Events Holder: Elizabeth Noel elizabethn@rainiertitle.com Signature E0D*cuSigned by: aLt.A. "L1 "br 93E99D67ED24442... Signature Adoption: Pre -selected Style Using IP Address: 172.56.105.240 Signed using mobile Signature Status Status Status Status Status COPIED COPIED Signature Status: Completed Envelope Originator: Elizabeth Noel 1360 Post Oak Blvd #100 Houston, TX 77056 elizabethn@rainiertitle.com IP Address: 199.253.16.1 Location: DocuSign Timestamp Sent: 10/11/2022 11:34:02 AM Viewed: 10/11/2022 2:38:09 PM Signed: 10/11/2022 2:39:52 PM Timestamp Timestamp Timestamp Timestamp Timestamp Timestamp Sent: 10/11/2022 11:34:03 AM Sent: 10/11/2022 11:34:03 AM Viewed: 10/11/2022 12:11:25 PM Timestamp Notary Events Signature Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted Certified Delivered Security Checked Signing Complete Security Checked Completed Security Checked Payment Events Status Electronic Record and Signature Disclosure 10/11/2022 11:34:03 AM 10/11 /2022 2:38:09 PM 10/11 /2022 2:39:52 PM 10/11 /2022 2:39:52 PM Timestamps Electronic Record and Signature Disclosure created on: 12/1/2017 2:25:32 PM Parties agreed to: Dana Ralph, Mayor All communications in either electronic or paper format from Stewart to you will be considered " in writing." 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Instrument Number: 20221014000401 Document:D Rec: S206.50 Page-1 of 4 Excise Docs: 3213861 Selling Price: S7,200,000.00 Tax Amount: S221,555.00 Record Date:10/14/2022 10:33 AM Electronically Recorded King County, WA WHEN RECORDED RETURN TO: Name: City of Kent, a Washington Municipal Corporation Address: 220 4th Ave S Kent, WA 98032 Escrow Number: 805377RT Filed for Record at Request of: Rainier Title, LLC BARGAIN AND SALE DEED THE GRANTOR(S), Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth, for and in consideration of Ten dollars and Zero cents ($10.00) and other good and valuable consideration in hand paid, bargains, sells and conveys to City of Kent, a Washington Municipal Corporation the following described real estate, situated in the County of King, State of Washington: Full Legal: See attached Exhibit "A" Abbreviated Legal: Ptn. SW qtr. NE qtr. Sec. 21, Twn. 22N., Rng. 5E., W.M. Tax Parcel Number(s): 212205-9037-02, 212205-9097-09, 212205-9098-08 Dated: September 26, 2022 Signature and Notary fallow on next page LPB ] 5-05(r) rev. 4/2009 Instrument Number: 20221014000401 Document:D Rec: 5206.50 Page-2 of 4 Record Date:10/14/2022 10:33 AM King County, WA This page is attached to and made a part of the Bargain and Sale Deed Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth By Susan Marie Ruth, Personal Representative STATE OF Washington COUNTY OF King This record was acknowledged before me on ` b-7 Z--- by as of Susan Marie Ruth, Personal Representative of The Estate of William E. Ruth. me: '7 My Commission Expireq/0y/Zoy®®®®®®®®`®t•tgggqtt • i t +�► a If zz' 4. f 21011146 m �qy'Ot+e4`4 �y � `�' t Z. ' ®fit'gl�r ""a� 0 tttpt`Q toW ®,g�I►®®�®® LPB 15-05 (r) rev. 10/2016 Instrument Number: 20221014000401 Document:D Rec: $206.50 Page-3 of 4 Record Date:10/14/2022 10:33 AM King County, WA EXHIBIT A Parcel A: That portion of the Southwest quarter of the Northeast quarter in Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington, described as follows: The West half of the West half; EXCEPT the South 594 feet thereof; TOGETHER WITH the East half of the West half, EXCEPT the South 264 feet and EXCEPT the East 15 feet of the North 645 feet of the South 909 feet; AND EXCEPT the East 30 feet of that portion lying North of the South 909 feet; Parcel B: The South 264 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet for road; Instrument Number: 20221014000401 Document:D Rec: $206.50 Page-4 of 4 Record Date:10/14/2022 10:33 AM King County, WA Parcel C: The North 330 feet of the South 594 feet of the West half of the West half of the Southwest quarter of the Northeast quarter of Section 21, Township 22 North, Range 5 East, W.M., in King County, Washington; EXCEPT the South 30 feet thereof for road; Situate in the County of King, State of Washington.