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Title ReportLITIGATION/TRUSTEE'S SALE/CONTRACT FORFEITURE Issued By: CHICAGO TITLE INSURANCE COMPANY Guarantee Number: CTTC220051118 2nd Guarantee CHICAGO TITLE INSURANCE COMPANY a corporation, herein called the Company SoundBuilt Homes, Tahoma Terra Holdings LLC, a Washington Limited Liability Company and Hatton Godat Pantier SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE LIMITS OF LIABILITY AND OTHER PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, CHICAGO TITLE INSURANCE COMPANY, a Florida corporation, herein called the Company, guarantees the Assured against loss not exceeding the liability amount stated in Schedule A which the Assured shall sustain by reason of any incorrectness in the assurance which the Company hereby gives that, according to the public records, on the Date of Guarantee stated in Schedule A, the title to the herein described estate or interest was vested in the vestee named, subject to the matters shown as Exceptions in Schedule B, which Exceptions are not necessarily shown in the order of their priority. This Guarantee shall not be valid or binding until countersigned below by an authorized signatory of the Company. Chicago Title Company of Washington 676 Woodland Square Loop SE, Suite 405 Lacey, WA 98503 Countersigned By: Mark Karjalahti Authorized Officer or Agent Chicago Title Insurance Company By: Attest: Randy Quirk, President �oyduc /G���---- Marjorie Nemzura, Secretary LitigationlTrustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 1 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY ISSUING OFFICE: GUARANTEE NO. CTTC220051118 2nd Guarantee Title Officer: Mark Karjalahti Chicago Title Company of Washington 676 Woodland Square Loop SE, Suite 405 Lacey, WA 98503 Phone: 360456-7878 Fax: 360493-1985 Main Phone: (360)456-7878 Email: Mark. Karjalahti@ctt.com SCHEDULE A Liability Premium Tax $1,000.00 $400.00 $37.60 Effective Date: January 21, 2022 at 08:00 AM 1. Assured: SoundBuilt Homes, Tahoma Terra Holdings LLC, a Washington Limited Liability Company and Hatton Godat Pantier 2. The estate or interest in the land hereinafter described or referred to covered by this guarantee is: Fee Simple 3. Title to said estate or interest at the date hereof is vested in: Tahoma Terra Holdings, LLC, a Washington Limited Liability Company 4. The land referred to in this guarantee is situated in the State of Washington, County of Thurston, and is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF END OF SCHEDULE A Litigationlrrustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 2 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 EXHIBIT "A" Legal Description For APNIParcel Him: 78640000018, 78640000017, 78640000016 and 78640000015 Tracts 12, 13, and 15 (Future Phases) City of Yelm Plat of Tahoma Terra Phase 13 Division 1, as recorded May 11, 2006 under Auditor's File No. 3830707. In Thurston County, Washington Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 3 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B GUARANTEE NO, CTTC220061118 2nd Guarantee THE TITLE TO SAID ESTATE OR INTEREST IS SUBJECT TO THE FOLLOWING EXCEPTIONS: 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: 2022 Fax Account No.: 78640000015 Levy Code: 170 Assessed Value -Land: $181,300.00 Assessed Value -Improvements: $0.00 General and Special Taxes: Billed: $2,006.44 Paid: $0.00 Unpaid: $2,006.44 Affects: Tract 12 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: 2022 Tax Account No.: 78640000016 Levy Code: 170 Assessed Value -Land: $249,700.00 Assessed Value -Improvements: $0.00 General and Special Taxes: Billed: $2,756.32 Paid: $0.00 Unpaid: $2,756.32 Affects: Tract 13 3. 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: Tax Account No.: 2022 Levy Code: Assessed Value -Land: Assessed Value -Improvements General and Special Taxes: Billed: Paid: Unpaid: Affects: 78640000018 170 $2,451.00 $0.00 $2,705.61 $0.00 $2,705.61 Tract 15 4. The search did not disclose any open mortgages or deeds of trust of record, therefore the Company reserves the right to require further evidence to confirm that the property is unencumbered, and further reserves the right to make additional requirements or add additional items or exceptions upon receipt of the requested evidence. Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 4 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B (continued) GUARANTEE NO. CTTC220051118 2nd Guarantee 5. Easement(S) for the purposes) shown below Cl"d rights incidental thereto, as granted in a document: Purpose: Road Recording Date: February 2, 1961 Recording No.: 637886 Affects: Portion of said premises 6. Mitigation Agreement and terms and provisions thereof, providing for assessment of fees to mitigate impact for the purpose shown below: Purpose: Yelm School District Recording Date: October 12, 2005 Recording No.: 3775281 7. Agreement Water right conveyance and right of entry agreement and the terms and conditions thereof: Recording Date: October 24, 2005 Recording Nos..: 3778520 and 3778521 Amendment to said agreement recorded under Auditor's File Nos. 3891894 and 3891895 8. Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, encroachments, 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 Tahoma Terra Phase 1, Division 1: Recording No: 3830707 9. 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, source of income, gender, gender identity, gender expression, medical condition or genetic information, 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: May 11, 2006 Recording Nos.: 3830702 and 3830703 Modification of covenants recorded under Auditor's File No. 4051989 10. 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, source of income, gender, gender identity, gender expression, medical condition or genetic information, 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: May 11, 2006 Recording No.: 3830704, 3830705 and 3830706 Amended by instruments recorded under Auditor's File Nos. 3894275, 3894276 and 4277439. x Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 5 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY SCHEDULE B (continued) GUARANTEE NO. CTTC220051118 2nd Guarantee 11. Assignment of Declarant Rights, and the terms and conons thereof: Recording Date: June 24, 2013 Recording No.: 4343746 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. 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: Tracts 12, 13, and 15 (Futre Phases) of Tahoma Terra Phase 1, Division 1 Tax Account No.: 78640000018, 78640000016 and 78640000015 Note B: 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 Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 6 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY SCHEDULE C GUARANTEE NO, CTTC220061118 2nd INFORMATION FOR THE ASSURED Guarantee 1. This Guarantee is restricted to the use of the Assured solely for the purpose of providing information to facilitate the commencement of a suit at law, or foreclosure pursuant to RCW 61.24 of a mortgage described in Schedule B affecting the land described in Schedule A. The Company shall have no liability for any reliance hereon except for the purpose for which this Guarantee is issued. This Guarantee is neither a commitment nor an obligation by the Company to issue any policy or policies of title insurance insuring said land, and it is not to be used as a basis for closing any transaction affecting title to said land. 2. Upon request WITHIN SIXTY (60) DAYS from the effective date of this Guarantee, the Company will extend the effective date of this Guarantee by endorsement to include the filing of any complaint and recording of Notice of Lis Pendens, recording of Notice of Intent to Forfeit Real Estate Contract, or recording of the Notice of Trustee's Sale. Such an endorsement will show as additional exceptions, and therefore exclude from coverage, those matters attaching subsequent to the effective date of the Guarantee but prior to the issuance of the endorsement. 3. Upon request on the thirtieth (30th) day preceding the date set for the forfeiture of real estate contract, or trustee's sale, the Company will issue an endorsement identifying federal tax liens, if any, affecting the land described in Schedule A. THE RESPONSIBILITY, HOWEVER, FOR DETERMINING THE THIRTIETH (30TH) DAY BEFORE THE SALE OR FORFEITURE, AND FOR MAKING THE REQUEST ON THAT SAME DAY, IS BORNE BY THE ASSURED. 4. The Company may, BUT IS NOT OBLIGATED TO, issue additional endorsements extending the effective date of the Guarantee at the request for the Assured. The Company will not, and accepts no obligation to, issue an endorsement extending the effective date to, or beyond, the date of any sale of the premises, recording of a Declaration of Forfeiture or a Real Estate Contract, trustee's sale or deed in lieu thereof. 5. Attention is called to the Servicemembers Civil Relief Act (108 P.L. 189; 117 Stat. 2835; 2003 Enacted H.R. 100) and amendments thereto which contain inhibitions against the sale of land under a deed of trust if the owner is entitled to the benefits of said Act. 6. Attention is called to the Federal Tax Lien Act of 1966 and amendments thereto which, among other things, provides fW1 the giving of written notice of sale or forfeiture in a speced manner to the Secretary of the Treasury or his delegate as a requirement for the discharge or divestment of a federal tax lien in a non -judicial sale or forfeiture, and establishes with respect to such lien a right in the United States to redeem the property within a period of one hundred twenty (120) days from the date of any such sale or forfeiture. Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 7 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY GUARANTEE NO, CTTC220051118 2nd Guarantee EXCLUSIONS FROM COVERAGE The follovving mailers are expressly excluded from the coverage of this Guarantee: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation effecting the land has been recorded in the public records at Date of Guarantee. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Guarantee. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Guarantee. 3. Defects, liens, encumbrances, adverse claims against the title as guaranteed, or other matters: (a) created, suffered, assumed or agreed to by one or more of the Assured; (b) not known to the Company, not recorded in the public records at Date of Guarantee but known to one or more of the Assured at Date of Guarantee; (c) resulting in no loss or damage to the Assured; (d) attaching or created subsequent to Date of Guarantee. 4. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule B or with respect to the validity, legal effect or priority of any matter shown therein. 5. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 6. Unpatented mining claims; reservations or exceptions in United States Patents or in Acts authorizing the issuance thereof; Indian tribal codes or regulations. Indian treaty or aboriginal rights, including easements or equitable servitudes; water rights, claims or title to water. 7. Title to any property beyond the lines of the land expressly described in the description set forth in this Guarantee, or title to streets, roads, avenues, lanes, ways or waterways on which such land abuts, or the right to maintain therein vaults, tunnels, ramps or any other structure or improvement; of any rights or easements therein unless such property, rights or easements are expressly and specifically set forth in said description. 8. Any loss or damage which arises out of any transaction affecting the estate or interest shown in Schedule A of this Guarantee by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws. CONDITIONS AND STIPULATIONS 1. DEFINITION OF TERMS The following terms when used in this Guarantee mean; (a) "land": the land described in this Guarantee and improvements affixed thereto which by law constitute real property. (b) "public records": records established under state statutes at Date of Guarantee for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge. With respect to Section 1(a)(iv) of the Exclusions from Coverage, "public records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district in which the land is located. (c) "date." "Date of Guarantee": the effective date; (d) "the Assured": the party or parties named as the Assured in this Guarantee, or in a supplemental writing executed by the Company. (e) "mortgage": mortgage, deed of trust, trust deed, real estate contract or other security instrument, 2. PROSECUTION OF ACTIONS (a) The Company shall have the right at its own cost to institute and prosecute any action or proceeding or do any other act which in its opinion may be necessary or desirable to establish or confirm the matters herein guaranteed; and the Company may take any appropriate action under the terms of this Guarantee whether or not it shall be liable thereunder and shall not thereby concede liability or waive any provision hereof. (b) in all cases where the Company does so institute and prosecute any action or proceeding, the Assured shall permit the Company to use, at its option, the name of the Assured for such purpose. Whenever requested by the Company, the Assured shall give the Company all reasonable aid in prosecuting such action or proceeding, and the Company shall reimburse the Assured for any expense so incurred. 3. NOTICE OF LOSS -LIMITATION OF ACTION A statement in writing or any loss or damage for which it is claimed the Company is liable under this Guarantee shall be furnished to the Company within sixty days after such loss or damage shall have been determined, and no right of action shall accrue to the Assured under this Guarantee until thirty days after such statement shall have been furnished, and no recovery shall be had by the Assured under this Guarantee unless action shall be commenced thereon within two years after expiration of said thirty day period. Failure to furnish such statement of loss or damage or to commence such action within the time hereinbefore specified, shall be a conclusive bar against maintenance by the Assured of any action under this Guarantee, Litigation/Trustee's Sale/Contract Forfeiture Guarantee Printed: 01.28.22 @ 12:17 PM Page 8 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118 CHICAGO TITLE INSURANCE COMPANY (continued) GUARANTEE NO, CTTC220051118 2nd Guarantee 4. OPTION TO PAY, SETTLE OR COMPROMISE CLAIMS The Company shall have the option to pay or settle or compromise for or in the name of the Assured any claim which could result in loss to the Assured within the coverage of this Guarantee, or to pay the full amount of this Guarantee or, if this Guarantee is issued for the benefit of a holder of a mortgage, the Company shall have the option to purchase the indebtedness secured by said mortgage. Such purchase, payment or tender of payment of the full amount of the Guarantee shall terminate all liability of the Company hereunder. In the event after notice of claim has been given to the Company by the Assured the Company offers to purchase said indebtedness, the owner of such indebtedness shall transfer and assign said indebtedness and the mortgage securing the same to the Company upon payment of the purchase price. 5. LIMITATION OF LIABILITY -PAYMENT OF LOSS (a) The liability of the Company under this Guarantee shall be limited to the amount of actual loss sustained by the Assured because of reliance upon the assurances herein set forth, but in no event shall such liability exceed the amount of total liability stated within this Guarantee. (b) The Company will pay all costs imposed upon the Assured in litigation carried on by the Company for the Assured, and all costs and attorney's fees in litigation carried on by the Assured with the written authorization of the Company. (c) No claim for damages shall arise or be maintainable under this Guarantee (1) if the Company after having received notice of an alleged defect, lien or encumbrance not shown as an Exception or excluded herein removes such defect, lien or encumbrance within a reasonable time after receipt of such notice, or (2) for liability voluntarily assumed by the Assured in settling any claim or suit without written consent of the Company. (d) All payments under this Guarantee, except for attorneys' fees as provided for in paragraph 5(b) hereof, shall reduce the amount of the liability hereunder pro tanto, and no payment shall be made without producing this Guarantee for endorsement of such payment unless the Guarantee be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. (e) When liability has been definitely fixed in accordance with the conditions of this Guarantee, the loss or damage shall be payable within thirty days thereafter. 6. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this Guarantee, all right of subrogation shall vest in the Company unaffected by any act of the Assured, and it shall be subrogated to and be entitled to all rights and remedies which the Assured would have had against any person or property in respect to such claim had this Guarantee not been issued. If the payment does not cover the loss of the Assured, the Company shall be subrogated to such rights and remedies in the proportion which said payment bears to the amount of said loss. The Assured if requested by the Company, shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right or subrogation, and shall permit the Company to use the name of the Assured in any transaction or litigation involving such rights or remedies. 7. GUARANTEE ENTIRE CONTRACT Any action or actions or rights of action that the Assured may have or may bring against the Company arising out of the subject matter hereof must be based on the provisions of this Guarantee. No provision or condition of this Guarantee can be waived or changed except by a writing endorsed or attached hereto signed by the President, a Vice President, the Secretary, an Assistant Secretary or other validating officer of the Company. 8. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this guarantee and shall be addressed to the Company at: Chicago Title Insurance Company, P.O. Box 45023, Jacksonville, FL 32232-5023. 9. THE FEE SPECIFIED WITHIN THIS GUARANTEE IS THE TOTAL FEE FOR TITLE SEARCH AND EXAMINATION AND FOR THIS GUARANTEE. END OF CONDITIONS AND STIPULATIONS Printed: 01.28.22 @ 12:18 PM Page 9 WA-CT-FNOY-02150.620142-SPS-7201547-1-22-CTTC220051118