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Title Report 2Order No.: GC - 20196765 CONNECTION NO.: 30608540 a LandAmerica 1101 Broadway, Suite #200 Tacoma, WA 98402 Phone: (253) 572-9200 Commercial Services Fax: (253) 572-9400 COMMITMENT FOR TITLE INSURANCE SCHEDULE A 1. Effective Date: November S0, 2005 at 8:00 a.m. Commitment Ne.: GC - 20196765 2. Policy or Policies to be issued: Owners Policy 10-17-92 Short Term Ra[e Proposed Insured: Steven C. Guitlinger Amount: $920,000.00 Premium: $1,665.00 Tax: $ 139.86 Total: $1,804.86 3. Title to the fee simple estate or interest in the land described or referred to in this Commitment is at the effective date hereof vested in: Roger T. McKOwn and Beverly J. McKOwn, husband and wife 4, The land referretl to in this Commitment is described as follows: See Exhibit "A" attached hereto. Commonwealth Land Title Insurance Companq ~ Futhonzetl Signature Preliminary Commitment Page 1 of 7 Order No. GC - 20196765 EXHIBIT "A" LOT 8 IN BLOCK 31 OF MCKENNA IRRIGATED TRACTS AS RECORDED IN VOLUME 9 OF PLATS AT - PAGE 43, RECORDS OF THURSTON COUNTY AUDITOR; EXCEPTING THEREFROM THE SOUTH SO FEET FOR SECONDARY STATE HIGHWAY NO. 5-H; AND EXCEPTING THEREFROM THAT PORTION 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 COUNTY 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. ~',~i ~~30 Order No. GC - 20196765 SCHEDULEB REQUIREMENTS: Instruments necessary to create the estate or interest to be properly executed, delivered and duly fled for record. EXCEPTIONS: Schedule B of [he Polity or Policies to be issuetl will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company. A. Standard exceptions set forth on the Commitment Cover. B. Defects, liens, encumbrances, adverse claims or other matters, if any, created, frst appearing in the public records or attaching subsequent to the effective date hereof but poor to the date the proposed Insured acquires for value of record [he estate or Interest or mortgage thereon covered by [his 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 FOR ALL TRANSACTIONS RECORDED ON OR AFTER JULY 1, 2005: • A FEE OF $10.00 WILL BE CHARGED ON ALL EXEMPT TRANSACTIONS; • A FEE OF $5.00 WILL BE CHARGED ON ALL TAXABLE TRANSACTIONS IN ADDITION TO THE EXCISE TAX DUE; 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 l; 2ND HALF DELINQUENT ON NOVEMBER 1) TAX ACCOUNT NO.: 64303100801 YEAR BILLED PAID BALANCE 2004 $3,999.41 $0.00 $3,999.41 THE CURRENT LEW CODE IS 170. 3. PERSONAL PROPERTY TAXES FOR THE YEAR 2004 IN THE AMOUNT OF $165.35 HAVE BEEN CERTIFIED TO THE REAL ESTATE TAX ROLLS OF THE PROPERTY HEREIN DESCRIBED AND ARE A LIEN THEREON. TAX ACCOUNT NO. 64303100801 4. GENERAL PROPERTY TAXES AND SERVICE CHARGES, AS FOLLOWS, TOGETHER WITH INTEREST, PENALTY AND STATUTORY FORECLOSURE COSTS, IF ANY, AFTER DELINQUENCY: (SST HALF DELINQUENT ON MAY 1; 2ND HALF DELINQUENT ON NOVEMBER 1) TAX ACCOUNT NO.: 64303100801 YEAR BILLED 2005 $5,099.65 THE CURRENT LEW CODE IS 170. PAID BALANCE $0.00 $5,099.65 Page 3 of 7 Order No. GC - 20196765 SCHEDULE B -continued 5. PERSONAL PROPERTY TAXES ON MANUFACTURED HOUSING UNIT, 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.: 99900125100 YEAR AMOUNT BILLED AMOUNT PAID AMOUNT DUE 2004 $ 178.93 $0.00 $178.93 THE CURRENT LEW CODE IS 170. 6. PERSONAL PROPERTY TA%ES ON MANUFACTURED HOUSING UNIT, 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.: 99900125100 YEAR AMOUNT BILLED AMOUNT PAID AMOUNT DUE 2005 $ 275.59 $0.00 $275.59 THE CURRENT LEW CODE IS 170. 7. LOCAL IMPROVEMENT ASSESSMENTS, IF ANY, LEVIED BY YELM. PLEASE CONTACT PUBLIC FINANCE, INC., AT (425) BBS-1604, FOR ASSESSMENT INFORMATION. 8. DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF: GRANTOR: ROGER T. MCKOWN AND BEVERLY J. MCKOWN, HUSBAND AND WIFE TRUSTEE: THURSTON COUNTY TITLE CO. BENEFICIARY: DANIEL E. LONGMIRE ORIGINAL AMOUNT: $107,000.00 DATED: JANUARY 7, 2004 RECORDED: JANUARY 8, 2004 RECORDING NO.: 3608724 9. UNRECORDED 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. 10. ALL COVENANTS, CONDITIONS, RESTRICTIONS, RESERVATIONS, EASEMENTS OR OTHER SERVITUDES, IF ANY, DISCLOSED BY THE RECORDED PLAT OF MCKENNA IRRIGATED TRACTS. RIGHTS OR BENEFITS, [F ANY, WHICH MAY BE DISCLOSED BV THE RECORDED DOCUMENT(S) ABOVE AFFECTING LAND OUTSIDE THE BOUNDARY DESCRIBED IN SCHEDULE A. El. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE: UNITED STATES OF AMERICA PURPOSE: TRANSMISSION LINE AREA AFFECTED: A PORTION OF SAID PREMISES RECORDED: JANUARY 15,1941 RECORDING NO.: 345439 Page 4 of 7 Order NO. GC-20196765 SCHEDULE 8 -continued 12. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE: PACIFIC TELEPHONE & TELEGRAPH COMPANY PURPOSE: COMMUNICATION LINES AREA AFFECTED: A PORTION OF SAID PREMISES RECORDED: APRIL 24, 1957 RECORDING NO.: 583488 13. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: GRANTEE: PACIFIC TELEPHONE & TELEGRAPH COMPANY PURPOSE: COMMUNICATION LINES AREA AFFECTED: A PORTION OF SAID PREMISES RECORDED: ]UNE 12, 1957 RECORDING NO.: 585316 14. MATTERS SET FORTH BY SU RVEY: RECORDED: DECEMBER 12,1979 RECORDING NO.: 1099340 15. AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: RECORDED: FEBRUARY 2, 2000 RECORDING NO.: 3277550 REGARDING: WATERMAIN EXTENSION AGREEMENT/COSTS/REIMBURSEMENT FEES NOTE 1: THERE MAY BE UNIFORM COMMERCIAL CODE (UCC) SECURITY INTERESTS FILED WITH THE DEPARTMENT OF LICENSING IN OLYMPIA, AFFECTING PERSONAL PROPERTV, CROPS OR AGRICULTURAL FACILITIES WHICH ARE NOT COVERED BY THE POLICY TO ISSUE. NIOTE 2: IF A MOBILE HOME IS LOCATED ON THIS PROPERTY, IT W[LL BE EXCEPTED FROM THE LEGAL DESCRIPTION AND NOT INSURED BY THE POLICY UNLESS THE CERTIFICATE OF TITLE IS ELIMINATED AND THB MOBILE HOME IS CONVERTED TO REAL PROPERTY AS REQUIRED BY CHAPTER 65.20 OF THE REVISED CODE OF WASHINGTON, EFFECTIVE MARCH 1, 1990. TO ELIMINATE THE CERTIFICATE OF TITLE, A "MANUFACTURED HOME APPLICATION - TITLE ELIMINATION" FORM SHOULD BE OBTAINED FROM THE DEPARTMENT OF LICENSING. THE APPLICATION MUST eE SIGNED BY THE REGISTERED AND LEGAL OWNERS OF THE MOBILE HOME, THE OWNER OF THE LAND (USUALLY THE SAME AS THE REGISTERED OWNER), AND THE CITY OR COUNTY BUILDING PERMIT OFFICE; APPROVED BY THE DEPARTMENT OF LICENSING; AND RECORDED. ALL TAXES MUST BE PAID AND PROOF OF PAYMENT MUST BE GIVEN TO THE DEPARTMENT. FEES: THE STATE OF WASHINGTON DEPARTMENT OF LICENSING CHARGES FEES FOR PROCESSING A "MANUFACTURED HOME APPLICATION -TITLE ELIMINATION" AND FOR PROCESSING A CHANGE OF OWNERSHIP FOR A MOBILE HOME. THE DEPARTMENT OF PLANNING AND DEVELOPMENT SERVICES (PDS) ALSO CHARGES A FEE TO APPROVE ANY REQUEST FOR TITLE ELIMINATION. ADDITIONAL FEES MAY APPLY. PLEASE CALL YOUR TITLE COMPANY RECORDER FOR INFORMATION REGARDING SUCH ADDITIONAL FEES. Page 5 of 7 Order No. GC - 20196765 SCHEDULE B -Continued NOTE 3: 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 SUBIECT TO THE COMMUNITY [MEREST OF HIS OR HER SPOUSE, IF MARRIED. THE COMPANY HAS BEEN UNABLE TO SEARCH FOR, AND DOES NOT INSURE AGAINST MATTERS, IF ANY, AGAINST THE UNDISCLOSED SPOUSE. NOTE 4: ACCORDING TO THE APPLICATION FOR TITLE INSURANCE, THE PROPOSED INSURED IS STEVEN C. GUIDINGER. W E FIND NO PERTINENT MATTERS OF RECORD AGAINST THE NAME(S) OF SAID PARTY(IES). NOTE S: BASED ON INFORMATION PROVIDED TO THE COMPANY, ON.THE DATE OF THIS COMMITMENT [T APPEARS THAT THERE IS LOCATED ON THE LAND: A COMMERCIAL/INDUSTRIAL KNOWN AS: 10502 GROVE RD SE YELM, WA 98597 NOTE 6: THE COUNTY TAX ROLLS DISCLOSE THE CURRENT ASSESSED VALUATIONS AS FOLLOWS: LAND: $203,900.00 IMPROVEMENTS: $94,700.00 MOBILE HOME (IF ANY) $20,600.00 TOTAL: $399,200.00 NOTE 7: THIS IS A SALE TRANSACTION. THE SPECIFIC DISCOUNTED RATE CLASSIFICATIONS APPLIED TO THE OWNER'S POLICY, AND ANY LENDER'S POLICY ALSO 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 LSSTED DISCOUNT PREMIUM RATES. YOU MAY REACH YOUR TITLE OFFICER, GREGG CO LBO, AT (253) 572-9200, EXT. 105, OR GCOLBO@LANDAM.COM. NOTE 8: IF YOU WOULD LIKE THE COMPANY TO ACT AS TRUSTEE IN THE PROPOSED DEED OF TRUST, PLEASE NOTE THAT "C ~IMONWEALTH LAND TITLE INSURANCE COMPANY" MAY ACi AS TRUSTEE OF A DEED OF TRUST UNDER RCW 61.24.010(1). NOTE 9: 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 TITLE INSURANCE CONTAINED INCOMPLETE 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. Page 6 of 7 Order No. GC - 20196765 SCHEDULE B -continued NOTE 10: THE FOLLOWING MAV 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 BODY OF THE DOCUMENT. PT LOT 6, BLK 31, MKENNA SRRIGATED TRACTS 9/43 (END OF EXCEPTIONS) Investigation should be made [o determine if there are any sewer treatment capacity charges or if [here 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 at<ordance with our rate schedule. . Unless otherwise requested, the forms of policy to be issuetl 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 [he office that issuetl [he Commitment. A specimen copy of the Policy form(s) referretl to in [his Commitment will be furnished promptly upon request. CB Page 7 of 7 i.;~r~s~r~~~~ Transnation THIS SKETCH IS PROVIDED, W ITH WT CHARGE. FOR YOUR INFORMATION. IT IS NOT INTENDED TO SHOW ALL MATTERS RELATED TO THE PROPERTYINGLUDING, BUT NOT LIMITED TO, AREA, DIMENSIONS, EASEMENTS, ENCROACHMENTS OR LOCATIONS OF BOUNDARIES. IT IS NOTA PART OF, NOR DOES IT MODIFY, THE COMMITMENT OR POLICY TO WHICH IT IS ATTACHED. THE COMPANY ASSUMES NO l1ARILITY FOR ANY MATTER RELATED TO THIS SKETCH. REFERENCE SHOULD BE MADE TO AN ACCURATE SURVEY FOR FURTHER INFORMATION. ORDER NO. aDl9~-71oJ SECTION: 29 TOWNSHIP: 17N RANGE: 02E JL~. C 7. I 1 / IV, K~~ ~".. o m ~„ o ~ ~ • m m ~ eo. o y ® ® ®oa O ® © pnoco. fiYo. © „ ~ poozoz O ~ S® O O © 2 ~ ~ C o © ~®a> ~,o,o~ o .. . eme,a, ~~oaa. Noo~~ o o ~ o ®.,., ~yo, ~,.,. O ©ao,a~ e , ~~®„ . v ~., Y o o a ^mo„~ --- - ~ emo, ~e v ~~ ( McuENNA ©oo. ®oeu. 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