Title #:
611225077TS
Summary
Current Version
Reed C. Lyons, as a separate estate
611225077TS
2822 4th Ave W Seattle, WA 98119
October 30, 2019 at 08:00 AM
- ALTA Homeowner's Policy of Title Insurance 2013
Proposed Insured: Purchaser with contractual rights under a purchase agreement with the vested owner
identified at Item 4 below
Proposed Policy Amount: $10,500.00
Premium: $ 210.00
Tax: $ 22.05
Rate: Homeowner's
Discount(s): Residential
Total: $ 232.05
- ALTA Loan Policy 2006
Proposed Insured: Lender with contractual obligations under a loan agreement with the vested owner
identified at Item 4 below or a purchaser
Proposed Policy Amount: $10,500.00
Premium: $ 351.00
Tax: $ 36.86
Rate: Extended
Discount(s): Residential Purchase Loan
Total: $ 387.86
1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in this
Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then
make additional Requirements or Exceptions.
Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then
make additional Requirements or Exceptions.
2. Pay the agreed amount for the estate or interest to be insured.
3. Pay the premiums, fees, and charges for the Policy to the Company.
4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must
be properly authorized, executed, delivered, and recorded in the Public Records.
be properly authorized, executed, delivered, and recorded in the Public Records.
5. Additional requirements and/or exceptions may be added as details of the transaction are disclosed to, or become
known by the Company.
known by the Company.
6. The Proposed Policy Amount(s) must be increased to the full value of the estate or interest being insured, and any
additional premium must be paid at that time. An Owner’s policy should reflect the purchase price or full value of
the Land. A Loan Policy should reflect the loan amount or value of the property as collateral. Proposed Policy
Amount(s) will be revised and premiums charged consistent therewith when the final amounts are approved.
additional premium must be paid at that time. An Owner’s policy should reflect the purchase price or full value of
the Land. A Loan Policy should reflect the loan amount or value of the property as collateral. Proposed Policy
Amount(s) will be revised and premiums charged consistent therewith when the final amounts are approved.
7. For each policy to be issued as identified in Schedule A, Item 2; the Company shall not be liable under this
commitment until it receives a designation for a Proposed Insured, acceptable to the Company. As provided in
Commitment Condition 4, the Company may amend this commitment to add, among other things, additional
exceptions or requirements after the designation of the Proposed Insured.
commitment until it receives a designation for a Proposed Insured, acceptable to the Company. As provided in
Commitment Condition 4, the Company may amend this commitment to add, among other things, additional
exceptions or requirements after the designation of the Proposed Insured.
8. Payment of the real estate excise tax, if required.
The Land is situated within the boundaries of local taxing authority of City of Seattle.
CAUTION: Washington has a graduated excise tax rate for sales occurring on or after 1/1/2020 for most
properties, although a flat rate applies to properties formally classified and specially valued as timberland or
agricultural land on the day of closing.
The rate of real estate excise tax applicable to a sale prior to 1/1/2020, is 1.78%.
The rate of real estate excise tax to a sale on or after 1/1/2020 for properties which are not formally classified and
specially valued as timberland or agricultural land is:
State portion: 1.10% on any portion of the sales price of $500,000 or less;
1.28% on any portion of the sales price above $500,000, up to $1,500,000;
2.75% on any portion of the sales price above $1,500,000, up to $3,000,000;
3.00% on any portion of the sales price above $3,000,000;
Local portion: 0.50% on the entire sales price.
An additional $5.00 State Technology Fee must be included in all excise tax payments.
If the transaction is exempt, an additional $5.00 Affidavit Processing Fee is required.
Any conveyance document must be accompanied by the official Washington State Excise Tax Affidavit. The
applicable excise tax must be paid and the affidavit approved at the time of the recording of the conveyance
documents. (NOTE: Real Estate Excise Tax Affidavits must be printed as legal size forms).
The Land is situated within the boundaries of local taxing authority of City of Seattle.
CAUTION: Washington has a graduated excise tax rate for sales occurring on or after 1/1/2020 for most
properties, although a flat rate applies to properties formally classified and specially valued as timberland or
agricultural land on the day of closing.
The rate of real estate excise tax applicable to a sale prior to 1/1/2020, is 1.78%.
The rate of real estate excise tax to a sale on or after 1/1/2020 for properties which are not formally classified and
specially valued as timberland or agricultural land is:
State portion: 1.10% on any portion of the sales price of $500,000 or less;
1.28% on any portion of the sales price above $500,000, up to $1,500,000;
2.75% on any portion of the sales price above $1,500,000, up to $3,000,000;
3.00% on any portion of the sales price above $3,000,000;
Local portion: 0.50% on the entire sales price.
An additional $5.00 State Technology Fee must be included in all excise tax payments.
If the transaction is exempt, an additional $5.00 Affidavit Processing Fee is required.
Any conveyance document must be accompanied by the official Washington State Excise Tax Affidavit. The
applicable excise tax must be paid and the affidavit approved at the time of the recording of the conveyance
documents. (NOTE: Real Estate Excise Tax Affidavits must be printed as legal size forms).
9. In the event that the Land is occupied or intended to be occupied by the owner and a spouse or registered
domestic partner as a homestead, the conveyance or encumbrance of the Land must be executed and
acknowledged by both spouses or both registered domestic partners, pursuant to RCW 6.13 which now provides
for an automatic homestead on such Land.
domestic partner as a homestead, the conveyance or encumbrance of the Land must be executed and
acknowledged by both spouses or both registered domestic partners, pursuant to RCW 6.13 which now provides
for an automatic homestead on such Land.
1. Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on the
Bothwells Replat of Springbrook Addition:
Recording No: 51884
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on the
Bothwells Replat of Springbrook Addition:
Recording No: 51884
2. Side Sewer Easement
Recording Date: March 27, 1986
Recording No.: 8603270701
Width: 6 Feet
Affects: An undisclosed portion of said Land along the line as constructed
Said easement contains a provision for bearing a proportionate or equal cost of maintenance, repair or
reconstruction of said side sewer by the common users.
Recording Date: March 27, 1986
Recording No.: 8603270701
Width: 6 Feet
Affects: An undisclosed portion of said Land along the line as constructed
Said easement contains a provision for bearing a proportionate or equal cost of maintenance, repair or
reconstruction of said side sewer by the common users.
3. Side Sewer Easement
Recording Date: March 27, 1986
Recording No.: 8603270702
Width: 6 inch
Affects: An undisclosed portion of said Land along the line as constructed
Said easement contains a provision for bearing a proportionate or equal cost of maintenance, repair or
reconstruction of said side sewer by the common users.
Recording Date: March 27, 1986
Recording No.: 8603270702
Width: 6 inch
Affects: An undisclosed portion of said Land along the line as constructed
Said easement contains a provision for bearing a proportionate or equal cost of maintenance, repair or
reconstruction of said side sewer by the common users.
4. Covenants, conditions and restrictions but omitting any covenants or restrictions, if any,including but not limited to
those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap,
national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent
that said covenant or restriction is permitted by applicable law, as set forth in the document
Recording Date: February 7, 1986
Recording No: 8602070924
those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap,
national origin, ancestry, or source of income, as set forth in applicable state or federal laws, except to the extent
that said covenant or restriction is permitted by applicable law, as set forth in the document
Recording Date: February 7, 1986
Recording No: 8602070924
5. Covenants, conditions, restrictions and easements but omitting any covenants or restrictions, if any, including but
not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status,
disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws,
except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document
Recording Date: June 12, 1986
Recording No.: 8606120697
not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status,
disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal laws,
except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document
Recording Date: June 12, 1986
Recording No.: 8606120697
6. Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Lot
Boundary Adjustment:
Recording No: 8601230706
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Lot
Boundary Adjustment:
Recording No: 8601230706
7. Agreement and the terms and conditions thereof:
Executed by: Michael A. Larson and Barbara E. Larson and Philip Campbell and Stephanie Campbell
Recording Date: June 24, 1987
Recording No.: 8706240839
Regarding: Maintenance of storm water detention system
Executed by: Michael A. Larson and Barbara E. Larson and Philip Campbell and Stephanie Campbell
Recording Date: June 24, 1987
Recording No.: 8706240839
Regarding: Maintenance of storm water detention system
8. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian treaty or
aboriginal rights.
aboriginal rights.
9. General and special taxes and charges, payable February 15, delinquent if first half unpaid on May 1, second half
delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties):
Year: 2019
Tax Account No.: 097600-0625-05
Levy Code: 0010
Assessed Value-Land: $732,000.00
Assessed Value-Improvements: $199,000.00
General and Special Taxes:
Billed: $8,111.85
Paid: $8,111.85
Unpaid: $0.00
delinquent if unpaid on November 1 of the tax year (amounts do not include interest and penalties):
Year: 2019
Tax Account No.: 097600-0625-05
Levy Code: 0010
Assessed Value-Land: $732,000.00
Assessed Value-Improvements: $199,000.00
General and Special Taxes:
Billed: $8,111.85
Paid: $8,111.85
Unpaid: $0.00
10. City, county or local improvement district assessments, if any.
11. A deed of trust to secure an indebtedness in the amount shown below,
Amount: $486,000.00
Dated: January 12, 2016
Trustor/Grantor: Reed C. Lyons, an unmarried man
Trustee: George C. Reinmiller Trustee Inc.
Beneficiary: Mortgage Electronic Registration Systems, Inc., solely as nominee for Boeing Employees'
Credit Union
Loan No: 244752
Recording Date: January 20, 2016
Recording No.: 20160120000737
Amount: $486,000.00
Dated: January 12, 2016
Trustor/Grantor: Reed C. Lyons, an unmarried man
Trustee: George C. Reinmiller Trustee Inc.
Beneficiary: Mortgage Electronic Registration Systems, Inc., solely as nominee for Boeing Employees'
Credit Union
Loan No: 244752
Recording Date: January 20, 2016
Recording No.: 20160120000737
12. A deed of trust to secure an indebtedness in the amount shown below,
Amount: $172,000.00
Dated: November 14, 2017
Trustor/Grantor: Reed C. Lyons, an unmarried individual
Trustee: Trustee Services, Inc.
Beneficiary: Boeing Employees' Credit Union
Loan No: 2011530349
Recording Date: December 4, 2017
Recording No.: 20171204000421
The Deed of Trust set forth above is purported to be a "Credit Line" Deed of Trust. It is a requirement that the
Trustor/Grantor of said Deed of Trust provide written authorization to close said credit line account to the Lender
when the Deed of Trust is being paid off through the Company or other Settlement/Escrow Agent or provide a
satisfactory subordination of this Deed of Trust to the proposed Deed of Trust to be recorded at closing.
Amount: $172,000.00
Dated: November 14, 2017
Trustor/Grantor: Reed C. Lyons, an unmarried individual
Trustee: Trustee Services, Inc.
Beneficiary: Boeing Employees' Credit Union
Loan No: 2011530349
Recording Date: December 4, 2017
Recording No.: 20171204000421
The Deed of Trust set forth above is purported to be a "Credit Line" Deed of Trust. It is a requirement that the
Trustor/Grantor of said Deed of Trust provide written authorization to close said credit line account to the Lender
when the Deed of Trust is being paid off through the Company or other Settlement/Escrow Agent or provide a
satisfactory subordination of this Deed of Trust to the proposed Deed of Trust to be recorded at closing.
13. Matters which may be disclosed by a search of the records against the name of the spouse or domestic partner of
Reed C. Lyons, if married or a member of a registered domestic partnership.
Reed C. Lyons, if married or a member of a registered domestic partnership.
Note A: Notice: Please be aware that due to the conflict between federal and state laws concerning the
cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any
transaction involving Land that is associated with these activities.
cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any
transaction involving Land that is associated with these activities.
Note B: The application for title insurance was placed by reference to only a street address or tax identification
number. The proposed Insured must confirm that the legal description in this report covers the parcel(s)
of Land requested to be insured. If the legal description is incorrect, the proposed Insured must notify
the Company and/or the settlement company in order to prevent errors and to be certain that the legal
description for the intended parcel(s) of Land will appear on any documents to be recorded in
connection with this transaction and on the policy of title insurance.
number. The proposed Insured must confirm that the legal description in this report covers the parcel(s)
of Land requested to be insured. If the legal description is incorrect, the proposed Insured must notify
the Company and/or the settlement company in order to prevent errors and to be certain that the legal
description for the intended parcel(s) of Land will appear on any documents to be recorded in
connection with this transaction and on the policy of title insurance.
Note C: Note: FOR INFORMATIONAL PURPOSES ONLY:
The following may be used as an abbreviated legal description on the documents to be recorded, per
Amended RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal
description within the body of the document:
PTN LT 2 & ALL OF LT 1, BLK 6, BOTHWELL'S REPLAT OF SPRINGBROOK ADD. TO THE CITY OF
SEATTLE AKA PARCEL B, BLA NO. 8505721, REC NO. 8601230706
Tax Account No.: 097600-0625-05
The following may be used as an abbreviated legal description on the documents to be recorded, per
Amended RCW 65.04.045. Said abbreviated legal description is not a substitute for a complete legal
description within the body of the document:
PTN LT 2 & ALL OF LT 1, BLK 6, BOTHWELL'S REPLAT OF SPRINGBROOK ADD. TO THE CITY OF
SEATTLE AKA PARCEL B, BLA NO. 8505721, REC NO. 8601230706
Tax Account No.: 097600-0625-05
Note D: Note: The Public Records indicate that the address of the improvement located on said Land is as
follows:
2822 4th Ave W
Seattle, WA 98119
follows:
2822 4th Ave W
Seattle, WA 98119
Note E: There are NO Conveyances affecting said land recorded within 36 months of the date of this report
Note F: Note: The Company is willing to issue an Extended Coverage Lenders Policy. General Exceptions A
through K, inclusive, are hereby deleted.
ALTA 22-06, ALTA 8.1 and ALTA 9-06 Endorsements will issue with the forthcoming lenders policy.
through K, inclusive, are hereby deleted.
ALTA 22-06, ALTA 8.1 and ALTA 9-06 Endorsements will issue with the forthcoming lenders policy.
Note G: Effective October 1, 2014, Fidelity National Title Company offices in Pierce, King, Kitsap and Snohomish
Counties will no longer be charging a flat rate recording fee. All files will be charged the actual county
recording fees.
For King, Snohomish and Pierce Counties, there is an additional $4.00 per document electronic
recording processing fee.
RECORDING CHARGES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Counties will no longer be charging a flat rate recording fee. All files will be charged the actual county
recording fees.
For King, Snohomish and Pierce Counties, there is an additional $4.00 per document electronic
recording processing fee.
RECORDING CHARGES ARE SUBJECT TO CHANGE WITHOUT NOTICE
Note H: The language contained in the printed Exceptions from coverage and Conditions and Stipulations of the
Policy committed for may be examined by inquiry at the office which issued the Commitment, and a
specimen copy of the insurance Policy Form(s) referred to in this commitment will be furnished promptly
upon request.
Policy committed for may be examined by inquiry at the office which issued the Commitment, and a
specimen copy of the insurance Policy Form(s) referred to in this commitment will be furnished promptly
upon request.
Note I: Investigation should be made to determine if there are any service, installation, maintenance, or
connection charges for sewer, water, electricity or Metro Sewer Treatment Capacity Charge.
connection charges for sewer, water, electricity or Metro Sewer Treatment Capacity Charge.
Note J: In the event the transaction fails to close and this commitment is cancelled, a fee will be charged to
comply with the State Insurance Code and the filed schedule of this company.
comply with the State Insurance Code and the filed schedule of this company.
Note K: Instruments necessary to create the estate or interest or mortgage to be insured must be properly
executed, delivered and duly filed for record.
executed, delivered and duly filed for record.
Note L: As part of Fidelity National Title Company's commitment to the environment, we encourage the
paperless distribution of our products whenever possible. To help conserve natural resources, we will
automatically issue the forthcoming policy(ies) electronically.
Please provide us with a current e-mail address for the new owner and/or lender prior to closing or by
emailing unit2@fnf.com. Hard copy versions may be issued upon request.
paperless distribution of our products whenever possible. To help conserve natural resources, we will
automatically issue the forthcoming policy(ies) electronically.
Please provide us with a current e-mail address for the new owner and/or lender prior to closing or by
emailing unit2@fnf.com. Hard copy versions may be issued upon request.
Note M: Notwithstanding anything to the contrary in this Commitment, if the policy to be is other than am ALTA
Owner's Policy (6/17/06) or ALTA Loan Policy (6/17/06), the policy may not contain an arbitration clause,
or the terms of the arbitration clause may be different from those set forth in this Commitment. If the
Policy does contain an arbitration clause, and the Amount of Insurance is less than the amount, if any,
set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the
Company or the Insured as the exclusive remedy of the parties.
Owner's Policy (6/17/06) or ALTA Loan Policy (6/17/06), the policy may not contain an arbitration clause,
or the terms of the arbitration clause may be different from those set forth in this Commitment. If the
Policy does contain an arbitration clause, and the Amount of Insurance is less than the amount, if any,
set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the
Company or the Insured as the exclusive remedy of the parties.
Note N: Any documents being executed in conjunction with this transaction must be signed in the presence of an
authorized Company employee, an authorized employee of an agent, an authorized employee of the
insured lender, or by using Bancserv or other approved third-party service. If the above requirement
cannot be met, please call the Company at the number provided in this report.
authorized Company employee, an authorized employee of an agent, an authorized employee of the
insured lender, or by using Bancserv or other approved third-party service. If the above requirement
cannot be met, please call the Company at the number provided in this report.
Note O: Recording packages for King, Pierce and Snohomish County closings can be sent to any of the closest
or most convenient Fidelity Recording office below:
FNT-Tukwila
6450 Southcenter Blvd, #107
Tukwila, WA 98188
recordingseattle@fnf.com
FNT-Tacoma
5006 Center St, #J
Tacoma, WA 98409
recordingpierce@fnf.com
FNT-Lynnwood
3500 188th St SW, #300
Lynnwood, WA 98037
recordinglynnwood@fnf.com
Cutoff for hard copy recording releases in King County is 2:50 PM, E-Recording cutoff is 3:30 PM.
In Snohomish County it is 2:20 PM Monday through Thursday, 1:50 PM on Friday for hard copy, 3:50
PM Monday through Thursday, 2:50 PM on Friday E-Recording.
In Pierce County it is 3:30 PM for excise, 4:00 PM for non-excise.
Any releases received after those times will be submitted for recording the following business day.
or most convenient Fidelity Recording office below:
FNT-Tukwila
6450 Southcenter Blvd, #107
Tukwila, WA 98188
recordingseattle@fnf.com
FNT-Tacoma
5006 Center St, #J
Tacoma, WA 98409
recordingpierce@fnf.com
FNT-Lynnwood
3500 188th St SW, #300
Lynnwood, WA 98037
recordinglynnwood@fnf.com
Cutoff for hard copy recording releases in King County is 2:50 PM, E-Recording cutoff is 3:30 PM.
In Snohomish County it is 2:20 PM Monday through Thursday, 1:50 PM on Friday for hard copy, 3:50
PM Monday through Thursday, 2:50 PM on Friday E-Recording.
In Pierce County it is 3:30 PM for excise, 4:00 PM for non-excise.
Any releases received after those times will be submitted for recording the following business day.
Note P: This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining
streets, natural boundaries and other land. Except to the extent of a policy of title insurance is expressly
modified by endorsement, if any, the Company does not insure dimensions, distances or acreage
shown thereon.
streets, natural boundaries and other land. Except to the extent of a policy of title insurance is expressly
modified by endorsement, if any, the Company does not insure dimensions, distances or acreage
shown thereon.
THIS INFORMATION IS PROVIDED AS A COURTESY ONLY, NOT INTENDED TO SUPPLEMENT, SUPERCEDE OR EXTEND THE COVERAGE OF THE UNDERLYING TITLE REPORT. FIDELITY NATIONAL TITLE COMPANY DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OR EFFECTIVENESS OF THE INFORMATION CONTAINED IN THIS DOCUMENT. PLEASE READ THE PRELIMINARY TITLE REPORT FOR FULL DISCLOSURE OF TITLE INFORMATION RELATED TO THIS PROPERTY, AND IF NECESSARY, CONTACT YOUR TITLE OFFICER FOR ADDITIONAL CLARIFICATION OR INFORMATION. THIS INFORMATION IS DEEMED RELIABLE BUT IS NOT GUARANTEED.