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Title ReportOrder No.: GC - 20196761 CONNECTION NO.: 30808536 \ LandAmerica 1101 Broadway, Suite #200 Tacoma, WA 98402 Commercial Services Phone: (253) 572-9200 Faz: (253) 572-9400 COMMITMENT FOR TITLE INSURANCE SCHEDULE A 1. Effective Date: November 30, 2005 at 8:00 a.m. Commitment No.: GC - 20196761 2. Policy or Policies to be issued: Owners Policy 10-17-92 Short Term -Commercial Rate Proposed Insured: Steven C. Guidinger Amount: $1,400,000.00 Premium: - $2,153.00 Tax: § 180.85 Total: $2,333.85 3. Title to the fee simple estate or interest in the land described or referred to in this Commitment is at [he effective date hereof vested in: Estella A. Everman, as her separate estate 4, The land referred to in this Commitment is described as follows See Exhibit "A" attached hereto. commonwealth Land Title Insurance Company ` %~~~~C~r ~i ar nuthonzeE Signature Preliminary Commitment Page 1 of 6 Order No. GC - 20196761 EXHIBIT"A" THAT PART OF LOT 8 IN BLOCK 31 OF MCKENNA IRRIGATED TRACTS AS RECORDED IN VOLUME 9 OF PLATS AT PAGE 43;EXCEPTING THE SOUTH 10 FEET FOR SECONDARY STATE HIGHWAY NO. 6- H DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF THE EAST LINE OF SAID LOT 8 WITH THE NORTH. LINE OF SAID HIGHWAY; THENCE NORTH 419.5 FEET; THENCE WEST 233 FEET; THENCE SOUTH 255.3 FEET; THENCE WEST 76 FEET MORE OR LESS, TO THE EAST LINE OF COUM`! ROAD KNOWN AS GROVE ROAD; THENCE SOUTHEASTERLY ALONG GROVE ROAD TO THE NORTH LINE OF HIGHWAY; THENCE EAST ALONG SAID NORTH LINE OF HIGHWAY TO THE PONT OF BEGINNING; SITUATE IN THE CITY OF YELM, COUNTY OF THURSTON, STATE OF WASHINGTON. ~V.' ~~ ~ Order No. GC - 20196761 SCHEDULEB REQUIREMENTS: Instruments necessary to create [he estate or interest [o be properly executed, delivered and duly fled for record. EXCEPTIONS: Schedule B of the Policy or Policies to be issued will contain ezceptions to [he following matters unless the same are disposed of to the satisfaction of the Company. A. Standard exceptions set forth on [he Commitment Cover. B. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first apPearin9 in the public records or attaching subsequent to the effective date hereof but prior to the date [he proposetl Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. SPECIAL EXCEPTIONS: 1. REAL ESTATE EXCISE TAX PURSUANT TO THE AUTHORITY OF RCW CHAPTER 82.45 AND SUBSEQUENT AMENDMENTS THERETO. ' AS OF THE DATE HEREIN, THE TAX RATE FOR SAID PROPERTY IS 1.53%. 2. GENERAL PROPERTY TAXES AND SERVICE CHARGES, AS FOLLOWS, TOGETHER WITH INTEREST, PENALTY AND STATUTORY FORECLOSURE COSTS, IF ANY, AFTER DELINQUENCY: (1ST HALF DELINQUENT ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1) TAX ACCOUNT NO.: 64303100800 YEAR ~ BILLED~~ PAID BALANCE 2005 $6,726.21. $6,728.21 $0.00 THE CURRENT LEVY CODE IS 170. 3. LOCAL IMPROVEMENT ASSESSMENTS, IF ANY, LEVIED BY YELM. PLEASE CONTACT PUBLIC FINANCE, INC., AT (425) 685-1604, FOR ASSESSMENT YNFORMATION. 4. DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF: GRANTOR: ESTELLA A. EVERMAN, AS HER SEPARATE ESTATE TRUSTEE: TRANSNATION TITLE INSURANCE COMPANY BENEFICIARY: FIRST COMMUNITY BANK OF WASHINGTON ORIGINAL AMOUNT: $442,533.64 DATED: NOVEMBER 13,2001 RECORDED: DECEMBER 12,2001 RECORDING NO.: 3398069 5. DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF: GRANTOR: ESTELLA A. EVERMAN, AS HER SEPARATE ESTATE TRUSTEE: TRANSNATION TITLE CO BENEFICIARY: FIRST COMMUNITY BANK OF WASHINGTON ORIGWAL AMOUNT: $101,500.00 DATED: JANUARY 29, 2003 RECORDED: FEBRUARY 7, 2003 RECORDING ND.: 3501742 Page 3 of 6 Order No. GC - 20196761 SCHEDULE B -continued 6. UNRE[ORDED LEASEHOLDS, IF ANY; RIGHTS OF VENDORS AND HOLDERS OF SECURITY INTERESTS ON PERSONAL PROPERTY INSTALLED UPON THE LAND; AND RIGHTS OF TENANTS TO REMOVE TRADE FIXTURES AT THE EXPIRATION OF THE TERM. 7. ALL COVENANTS, CONDITIONS, RESTRICTIONS, RESERVATIONS, EASEMENTS OR OTHER SERVITUDES, IF ANY, DISCLOSED BY THE RECORDED PLAT OF MCKENNA IRRIGATED TRACiS. RIGHTS OR BENEFITS, IF ANY, WHICH MAY BE DISCLOSED BY THE RECORDED DOCUMENT(S) ABOVE AFFECTING LAND OUTSIDE THE BOUNDARY DESCRIBED IN SCHEDULE A. 8. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: ` GRANTEE: UNITED STATES OF AMERICA _ 71n [~~~~~ a\.,.q~ PURPOSE: TRANSMISSION LINE !fi/1''hr %"_ AREA AFFECTED: A PORTION OF SAID PREMISES RECORDED: JANUARY 15, 1941 ~ ~ Qb RECORDING NO.: 345439 9. EASEMENT AND THE TERMS AND CONDTTIONS THEREOF: GRANTEE: PACIFIC TELEPHONE & TELEGRAPH COMPANY ~~ PURPOSE: COMMUNICATION LINES AREA AFFECTED: A PORTION OF SAID PREMISES P ~ RECORDED: APRIL 24, 1957 RECORDING NO.: 583486 10. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE: PACIFIC TELEPHONE & TELEGRAPH COMPANY PURPOSE: COMMUNICATION LINES AREA AFFECTED: A PORTION OF SAID PREMISES ~'(~ RECORDED: JUNE 12, 1957 RECORDING NO.: 585316 11. MATTERS SET FORTH BY SURVEY: RECORDED: DECEMBER 12, 1979 RECORDING NO.: 1099340 12. STATEMENT OF RECORD IMPOSED BY IN57RUM ENT RECORDED ON ]ULY 28, 1995 UNDER RECORDING NO. 9507280167. (SEPTIC OPERATIONAL PERMIT) 13. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: \, ~',`^' GRANTEE: CITY OF YELM, A MUNICIPAL CORPORATION 1' .((i~ PURPOSE: WgTERMAINS U~P AREA AFFECTED: A PORTION OF SAID PREMISES RECORDED: SEPTEMBER 30, 1996 RECORDING NO.: 3054304 14. AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: RECORDED; FEBRUARY 2,2000 RECORDING NO.: 3277550 REGARDING: WATERMAIN EXTENSION AGREEMENT/COSTS/REIMBURSEMENT FEES Page 4 of 6 Order No. GC - 20196761 SCHEDULE B -continued NOTE 1: THERE MAYBE UNIFORM COMMERCIAL CODE (UCC) SECURITY INTERESTS FILED WITH THE DEPARTMENT OF LICENSING IN OLYMPIA, AFFECTING PERSONAL PROPERTY, CROPS OR AGRICULTURAL FACILITIES WHICH ARE NOT COVERED BY THE POLICY TO ISSUE. NOTE 2: MATTERS OF RECORD AGAINST THE UNDISCLOSED SPOUSE OF STEVEN C. GUIDINGER A PROPOSED INSURED. THE APPLICATION FOR TITLE INSURANCE FAILS TO DISCLOSE THE MARITAL STATUS OF STEVEN C. GUIDINGER, A PROPOSED INSURED; THE PROPOSED INSUREDS INTEREST IS PRESUMPTIVELY SUBJECT TO THE COMMUNITY INTEREST OF HIS OR HER SPOUSE, IF MARRIED. THE COMPANY HAS BEEN UNABLE TO SEARCH FOR, AND DOES NOT INSURE AGAIN57 MATTERS, IF ANY, AGAINST THE UNDISCLOSED SPOUSE. NOTE 3: ACCORDING TO THE APPLICATION FOR TITLE INSURANCE, THE PROPOSED INSURED IS STEVEN C. GUIDINGER. WE FIND NO PERTINENT MATTERS OF RECORD AGAINST THE NAME(S) OF SAID PARTV(IES). NOTE 4: BASED ON INFORMATION PROVIDED TO THE COMPANY, ON THE DATE OF THIS COMMTMENT Ii.APPEARS THAT THERE IS LOCATED ON THE LAND: A COMMERCIAL/INDUSTRIAL KNOWN AS: 16910 STATE NWY 507 SE YELM, WA NOTE 5: THE COUNTY TAX ROLLS DISCLOSE THE CURRENT ASSESSED VALUATIONS AS FOLLOWS: LAND: $75,400.00 IMPROVEMENTS: $426,900.00 MOBILE HOME (IF ANY) $0.00 TOTAL: $502,300.00 NOTE 6: THIS IS A SALE TRANSACTION. THE SPECIFIC DISCOUNTED RATE CLASSIFICATIONS APPLIED TO THE OWNER'S POLICY, AND ANY LENDER'S POLICY AL50 REQUESTED FOR THIS TRANSACTION, ARE DISCLOSED IN SCHEDULE A OF THE PRELIMINARY COMMITMENT. OTHER DISCOUNTED RATE CLASSIFICATIONS MAY APPLY, INCLUDING THE: SHORT TERM RATE BUILDER'S AND SUBDIVIDER'S RATE SIMULTANEOUS ISSUE RATE ATTACHED IS A BRIEF DESCRIPTION FOR THESE RATES. PLEASE INFORM YOUR TITLE OFFICER IF YOU THINK YOUR TRANSACTION QUALIFIES FOR ONE OF THE LISTED DISCOUNT PREMIUM RATES. YOU MAY REACH YOUR TITLE OFFICER, GREGG COLBO, AT (253) 572-9200, EXT. 105, OR GCOLBO@LANDAM.COM. NOTE 7: IF YOU WOULD LIKE THE COMPANY TO ACT AS TRUSTEE IN THE PROPOSED DEED OF TRUST, PLEASE NOTE THAT" M O A TH LAND MAY ACi AS TRUSTEE OF A DEED OF TRUST UNDERRCW 61.24.010(1). Page 5 of 6 Order No. GC - 20196761 SCHEDULE B -continued NOTE 8: THE COMPANY REQUIRES THE PROPOSED INSURED TO VERIFY THAT THE LAND COVERED BY THIS COMMITMENT IS THE LAND INTENDED TO BE CONVEYED IN THIS TRANSACTION. THE DESCRIPTION OF THE LAND MAY BE INCORRECT, IF THE APPLICATION FOR TCTLE INSURANCE CONTAINEDINCOMPLEiE OR INACCURATE INFORMATION. NOTIFY THE COMPANY WELL BEFORE CLOSING IF CHANGES ARE NECESSARY. CLOSING INSTRUCTIONS MUST INDICATE THAT THE LEGAL DESCRIPTION HAS BEEN REVIEWED AND APPROVED BY ALL PARTIES. ' NOTE 9: THE FOLLOWING MAY BE USED AS AN ABBREVIATED LEGAL DESCRIPTION ON THE DOCUMENTS TO BE RECORDED, PER AMENDED RCW 65.04. SAID ABBREVIATED LEGAL DESCRIPTION IS NOT A SUBSTITUTE FOR A COMPLETE LEGAL DESCRIPTION WITHIN THE 80DY OF THE DOCUMENT. PT LOT 8, BLK 31, MCKENNA IRRIGATED TRACTS 9/43 (END OF EXCEPTIONS) Investigation should be made to determine if [here are any sewer treatment capacity charges or if there are any service, Installation, maintenance, or construction charges for sewer, water or electricity. In the event this transaction fails to close, a cancellation fee will be charged for services rendered in accordance with our rate schedule. Unless otherwise requested, the forms of policy to be issued in connection with this Commitment will be ALTA 1992 policies, or, in the case of standard lender's coverage, the CLTA Standard Coverage Policy - 1990. The Policy committed for or requested may be examined by inquiry at the office that issued the Commitment. A specimen copy of [he Polity form(s) referred to in this Commitment will be furnished promptly upon request. CB Page 6 of 6 L~~t~;~~lc~ Transnation THIS SKETCH IS PROVIDED, W HHOUT CHARGE, FOR YOUR INFORMATION. IT IS NOT INTENDED TO SNOW ALL MATTERS RELATED TO THE PROPERTY INCLUDING, BUT NOT LIMITED TO, AREA, DIMENSIONS, EASEMENTS, ENOROACHMEMS OR LOCATIONS OF HOUNDARIES. IT IS NOT A PART OF, NOR DOES R MODIFY, THE COMMITMENT OR POIICYTO WHICH R IS ATTACHED. THE COMPANYASSUMES NO LIABILITY FOR ANV MATTER RELATED TO THIS SKETCH. REFERENCE SHWLD BE MADE TO AN ACCURATE SURVEY FOR FURTHER INFORMATION. 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