2021.0296.FL0001 210044240 2nd hyperlinked subdivision guaranteeSUBDIVISION
Guarantee/Certificate Number:
Issued By:
210044240 Amendment
No. 1
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 1 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
AHBL, Inc. and Mitchell Development II, LLC, a Washington Limited Liability Company
herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A
or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of
reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount
set forth in Schedule A.
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you
wish additional liability, or assurances other than as contained herein, please contact the Company for further information
as to the availability and cost.
Chicago Title Company of Washington
676 Woodland Square Loop SE, Suite 405
Lacey, WA 98503
Chicago Title Insurance Company
By:
Countersigned By:
Peter Herron
Authorized Officer or Agent
Randy Quirk, President
Attest:
Marjorie Nemzura, Secretary
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 2 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
CHICAGO TITLE INSURANCE COMPANY
GUARANTEE/CERTIFICATE NO.210044240
Amendment No. 1
ISSUING OFFICE:
Title Officer: Peter Herron
Chicago Title Company of Washington
676 Woodland Square Loop SE, Suite 405
Lacey, WA 98503
Phone: 360-456-7878 Fax: 360-493-1985
Main Phone: (360)456-7878
Email: Peter.Herron@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $32.90
Effective Date: April 7, 2021 at 08:00 AM
The assurances referred to on the face page are:
That, according to those public records which, under the recording laws, impart constructive notice of matter relative to
the following described property:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
Title to said real property is vested in:
Mitchell Development II, LLC, a Washington limited liability company
subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their
priority.
END OF SCHEDULE A
EXHIBIT "A"
Legal Description
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 3 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
The South half of the Southwest quarter of the Southeast quarter of Section 13, Township 17 North, Range 1 East W.M.;
Excepting therefrom County roads;
In Thurston County, Washington
CHICAGO TITLE INSURANCE COMPANY
GUARANTEE/CERTIFICATE NO.210044240
Amendment No. 1
SCHEDULE B
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 4 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
1.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: 2021
Tax Account No.:21713430200
Levy Code: 170
Assessed Value-Land: $189,000.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $2,400.34
Paid: $0.00
Unpaid: $2,400.34
2.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: 2021
Tax Account No.:21713430300
Levy Code: 170
Assessed Value-Land: $187,700.00
Assessed Value-Improvements: $0.00
General and Special Taxes:
Billed: $2,383.82
Paid: $0.00
Unpaid: $2,383.82
3.LID Assessment:
Total Amount: $32,371.32
L.I.D. No.: KR-85
Levied by: City of Yelm
Purpose: Killion Road project
Tax Account No.:21713430300
For actual payoff information, please contact Public Finance at (425) 885-1604
4.Deed of Trust, Assignment of Rents and Fixture Filing to secure an indebtedness:
Amount: $7,317,726.00
Dated: October 7, 2020
Trustor/Grantor: Mitchell Development II, LLC, a Washington limited liability company
Trustee: Reconveyance Professionals Inc.
Beneficiary: Veristone Fund I, LLC, a limited liability company
Recording Date: October 9, 2020
Recording No: 4790637 .
CHICAGO TITLE INSURANCE COMPANY
GUARANTEE/CERTIFICATE NO.210044240
Amendment No. 1
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 5 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
5.A deed of trust to secure an indebtedness in the amount shown below,
Amount: $75,065.75
Dated: October 7, 2020
Trustor/Grantor: Mitchell Development II, LLC, a Washington limited liability company
Trustee: Chicago Title Company of Washington
Beneficiary: Barbara L. Hutchinson
Recording Date: October 9, 2020
Recording No.:4790638 .
6.School Mitigation Agreement and the terms and conditions thereof:
Executed by: Yelm Property Development LLC
And: Yelm Community Schools District No. 2
Recording Date: May 17, 2007
Recording No.:3927464 .
7.Matters disclosed by Survey recorded April 17, 2008 under Recording No.4003841 as follows:
Fence lines do not conform to the property lines.
8.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: City of Yelm
Purpose: Public street right-of-way
Recording Date: December 7, 2007
Recording No.:3976226
Affects: East 22 feet of the Southeast quarter of the Southwest quarter of the Southeast quarter
9.Right to make necessary slopes for cuts or fills upon property herein described as granted or reserved in deed
In favor of: City of Yelm
Recording Date: December 7, 2007
Recording No.:3976226 .
END OF EXCEPTIONS
NOTES
The following matters will not be listed as Special Exceptions in Schedule B of the policy. There will be no coverage for
loss arising by reason of the matters listed below because these matters are either excepted or excluded from coverage or
are not matters covered under the insuring provisions of the policy.
CHICAGO TITLE INSURANCE COMPANY
GUARANTEE/CERTIFICATE NO.210044240
Amendment No. 1
SCHEDULE B
(continued)
Subdivision Guarantee/Certificate Printed: 04.16.21 @ 09:15 AM
Page 6 WA-CT-FNOY-02150.620142-SPS-1-21-210044240
Note A: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:
SW 1/4 SE 1/4 Sec. 13, T17N, R1E
Tax Account Nos.: 21713430200 and 21713430300
Note B:Note: The Public Records indicate that the address of said Land is as follows:
9306 Mountain View Road SE
Yelm, WA 98597
Note C:Note: Any map furnished with this Guarantee is for convenience in locating the land indicated herein
with reference to streets and other land. No liability is assumed by reason of reliance thereon.
END OF NOTES
END OF SCHEDULE B