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HomeMy WebLinkAboutPermit 86-62-SS - SANDLER & ASSOCIATES - DT AND C BUILDING SHORT PLATPermit 86-62-SS - SANDLER & ASSOCIATES - DT AND C BUILDING SHORT PLAT interurban avenue south dt and c building 8612101050 Return to: Planning Department City of Tukwila 6200 Southcenter Boulevard Tukwila, Washington 98188 LEGAL DESCRIPTION SEE EXHIBIT A cord at the request of: M.N.Sandler & Assoc., Inc. Name SHORT PLAT NO. 84 -CZ. -55 TUKWILA, WASHINGTON APPROVAL Reviewed and approved by the Short Subdivision Committee and hereby certified for filing this _3 day of PELMENANSIt , 196. a rm.n, ort Subdivision Committee A SESSOR Lel ,aiDOe'/C DEPUTY ASSESSOR, 86/12/10 RECCE F 9.'00 REV 5 15.00 #1050 . DEPARTMENT OF. ASSESSMENTS EXAMINED AND APPROVED THIS day of 6e , • SC' T 10 9 NW. COR. TRACT 7 z 63' 6 L =67 - - -}— R` 7'.8 8 5 ;= ?0 N89°03'03" W \� .\ re op ‘.o SLID' CONSTRuCTiON ESMT. FOR TRAIL 10' PERMANENT ESMT. PEDESTRIAN TP.41L 11 d = /7'2e' /o-- R L = 19.82' 50& 'f N LOT 8 SW. CDR. TRACT 4 1 10 nO E • _ _-- N Land Surveyor's Certificate: This short plat correctly represents a survey made by me or under my direction in conformance with the requirements of appropriate state statute and has been property staked in accordance with the Tukwila Subdivision Code. //- 25 - 86 a6 to Certificate No. 15660 #4287- 86 as N 0 . sx 3 DRIVEWAY EASEMENT DETAIL SCALE: 1 "• 10' Short Plat No. R4-42-55 3 TYP /CAL : ALL LOT CORNERS NAVE BEEN SET. 5' DRIVEWAY ESMT. A.F. No. 4006073 C. E A C� OP' Bt. 9 g A in NI° 96* SEWER EAS A.F N0.6097/9 Map on File in Vault Direction: Scale: /".= /00' Page of .3 seal In witness whereof we have set our hands and seals. Name Name Name Name Name Name Name STATE OF WASHINGTON, County of On this day personally appeared before me DECLARATION: Know all men by these presents that we, the undersigned, owner(s) in fee simple and /or contract purchaser(s) of the land herein described do hereby make a short subdivision thereof pursuant to RCW 58.17.060 and acknowledge that said short subdivision shall nt be further divided in any manner within a period of five years, from date of record, without the filing of a final play. The undersigned further declare that the attached map is the graphic representation of said boundary line adjustment and that same is made with the free consent and in accordance with the desire of the owner(s). (1.6 E ?4\ L. PA-R.T(re2 STATE OF WASHINGTON, County of On this day personally appeared before me / 0,`1- to me know to be the individual described in an w o executed the within and foregoing instrument, and acknowledged that signed the same as ,;, free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and official seal this /qcL day of /14. , 19Z r otary Public in and for , State of Washington, residing at c -�„.:' /0 -T -Pi' to me know to be the individual described in an who executed the within and foregoing instrument, and acknowledged that signed the same as free and voluntary act and deed, for the uses and purposes therein mentioned. Given under my hand and official seal this day of , 19 seal Notary Public in and for the State of Washington, residing at c� .w+ 01 .4 / -2.t !VS Pana of �” File No. 4287 -86 11/13/86 LEGAL DESCRIPTIONS TOTAL PARCEL: EXHIBIT A Tracts 4,5, 6 and 7, Block 15 of Hillman's Seattle Garden Tracts, as per plat recorded in Volume 11 of Plats, on Page 24, Records of King County, EXCEPT the northeasterly 40 feet, thereof, condemned by King County for road purposes (now known as Interurban Avenue) in King County Superior Court Cause No. 109001; situate in the Town of Tukwila, County of King, State of Washington. LESS the following by Condemnation No. 704726 to the State of Washington: ALL that portion of the above described Tracts lying easterly of a line described as follows: Beginning at a point opposite Highway Engineer's Station P.O.T. 95 +81.69 Ahead Equals P.O.T. 95 +28.46 Back and a distance of 40 feet westerly, when measured at right angles, from the center line of SR 181, South Corporate Limits of Tukwila to Foster Interchange; thence northerly parallel with said center line to the North line of Tract 7 and the end of this line description. SUBJECT TO an easement for driveway purposes over the southerly 5 feet of the easterly 315 feet of Lot 4, EXCEPT the northerly 40 feet, thereof, as disclosed by Deed recorded April 17, 1950, under Auditor's File No. 4006073, reference to which record is made for further particulars. LOT A That portion of Tracts 4 and 5, Block 15 of Hillmans's Seattle Garden Tracts as recorded in Volume 11 of Plats, page 24, re- cords of King county, Washington more particularly described as follows: COMMENCING at the southwesterly corner of said Tract 4; thence North 68 °35'06" East along the southeasterly line thereof, 136.34 feet TO THE POINT OF BEGINNING; thence North 06 °19'04" West, 207.33 feet; thence North 68 °35'06" East, 195.00 feet to the westerly margin of Interurban Avenue (S.R. 181); thence South 21 °24'54" East along said margin, 47.00 feet; thence North 68 °35'06" East, 10.00 feet; thence South 21 ° 24'54" East, still on the west road margin, 153.17 feet; thence South 68 °35' 06" West along the said South line of Tract 4, 259.00 feet to the POINT OF BEGINNING. Subject to a driveway easement over the southerly 5 feet there- of as contained in a Deed recorded April 17, 1950, under Auditor's File No. 4006073. Subject to a common driveway easement over a portion of the northerly 29 feet thereof more particularly described as follows: BEGINNING at the northeasterly corner of Lot A; thence South 21 °24'54" East along the road margin, 29.0 feet; thence South 68 °35'06" West, 130.0 feet; thence North 21 °24'54" West, 19.69 feet; thence along a curve to the left having a radius of 7.50 feet, through a central angle p f 67 ° 38'09" an arc distance of 8.85 feet; thence North 89 °03'03" West, 6.25 feet to the north- erly line of Lot A; thence North 68 °35'06" East along said northerly line, 140.43 feet to the POINT OF BEGINNING. SUBJECT TO an easement for sanitary sewer facilites over the Northeasterly 10 feet of said Lot A as recorded under Auditor's File No. 6097193. LOT B That portion of Tracts 4, 5, 6 and 7, Block 15, of Hillman's Seattle Garden Tracts, as recorded in Volume 11 of Plats, on Page 24, Records of King County, Washington, more particularly described as follows: BEGINNING at the Southwesterly corner of said Tract 4; thence North 21 °24'54" West along the Westerly line thereof, 353.01 feet; thence along the Southeasterly margin of 59th Place South, along a curve to the left, the center of which bears North 71 °54'19" West, having a radius of 65 feet, through a central angle of 17 °28'10 ", an arc distance 19.82 feet; thence North 00 °37'31" East, still on the road margin, 60.10 feet to the Northerly line of said Tract 7; thence North 68 °35'06" East, along said tract line, 157.69 feet; thence South 21 °24'54" East, 225.51 feet; thence South 06 °19'04" East, 207.33 feet to the Southerly line of Tract 4; thence South 68 °35'06 West along said Southerly line, 136.34 feet to the POINT OF BEGINNING. SUBJECT TO a driveway easement over the Southerly 5 feet of the Easterly 16 feet thereof, as recorded under Auditor's File No. 4006073. LOT C That portion of Tracts 6 and 7, Block 15, of Hillman's Seattle Garden Tracts, as recorded in Volume 11 of Plats, on Page 24, Records of King County, Washington. EXCEPT the Northeasterly 40 feet thereof, and LESS an additional 10 feet along the Northeasterly line thereof, and particularly described as follows: Commencing at the Northwesterly corner of said Tract 7; thence North 68 °35'06" East, along the Northerly line thereof, 157.69 feet to.the POINT OF BEGINNING; thence continuing North 68 °35'06" East, 195.00 feet to the Westerly margin of Interurban Avenue South (S.R. 181); thence South 21 °24'54" East along said margin, 225.51 feet; thence South 68 °35'06" West, 195.00 feet; thence North 21 °24'54" West, 225.51 feet to the POINT OF BEGINNING. TOGETHER WITH a common driveway easement described as follows: BEGINNING at the Southeasterly corner of Lot C; thence South 21 °24'54" East along the road margin, 2.9.0 feet; thence South 68 °35'06" West, 130.0 feet; thence North 21 °24'54" West, 19.69 feet; thence along a curve to the left, having a radius of 7.50 feet, through a central angle of 67 °38'09 ", an arc distance of 8.85 feet; thence North 89 °03'03" West, 6.25 feet to the North- erly line of Lot A; thence North 68 °35'06" East along said Northerly line, 140.43 feet to the POINT OF BEGINNING. SUBJECT TO a temporary construction easement for a pedestrian trail over that portion of the lot described as follows: BEGINNING at the NOrthwesterly corner of Lot C; thence North 68 °3506" East, along the Northerly line thereof, 195.00 feet; thence South 21 °24'54" East, along the road margin, 20.00 feet; thence South 68 °35'06" West, 105.00 feet; thence South 28 °46'46" West, 117.15 feet to the Westerly lot line; thence North 21 °24'54" West along said Westerly line, 95.00 feet to the POINT OF BEGIN- NING. SUBJECT TO a permanent trail easement over the following descri- bed parcel: BEGINNING at the Northwesterly corner of Lot C; thence North 68 °35'06" East, along the Northerly line thereof, 195.00 feet; thence South 21 °24'54" East along the road margin, 10.00 feet; thence South 68 °35'06" West, 105.00 feet; thence South 25 °13'18" West, 123.79 feet to the Westerly lot line; thence North 21 °24'54" West along said Westerly line, 95.00 feet to the POINT OF BEGINNING. File No. 4287 -86 11/13/86 EXHIBIT "A" (Continued,._. City of Tukwila 6200 Southcenter Boulevard Tukwila Washington 98188 (206) 433 -1800 Gary L. VanDusen, Mayor SHORT SUBDIVISION COMMITTEE Minutes of the Short Subdivision meeting of December 3, 1986. The meeting was called to order at 11:00 a.m. Members present were Rick Beeler, Byron Sneva and Doug Gibbs. Representing Planning staff were Jack Pace and Joanne Johnson. 86- 62 -SS :` , DT &C Mr. Pace summarized the applicant's request to subdivide the property creating three lots with Lot B being dedicated to the City. Discussion ensued regarding the soil stability of Lot B and any trees that may become hazardous by development of the property. MR. SNEVA MOVED AND MR. BEELER SECONDED A MOTION THAT THE PROPOSED SUBDIVISION BE APPROVED SUBJECT TO THE CONDITION THAT ALL REFERENCE TO THE TYPOGRAPHICAL ERROR OF EXHIBIT B IN THE TEXT BE CHANGED TO EXHIBIT A. THE MOTION PASSED UNANIMOUSLY. 86- 63 -SS: Robert James North Mr. Pace summarized the applicant's request to subdivide one lot into two lots. The Committee discussed the ingress on 66th, access of water and all utilities, as well as the availability of a fire hydrant and the grade of the property being held to 15 %. MR. SNEVA MOVED AND MR. GIBBS SECONDED A MOTION THAT THE PROPOSED SUBDIVISION BE APPROVED WITH THE FOLLOWING CONDITIONS: 1. A plan be submitted showing the existing building on Lot 1 to ensure . compliance with the rear yard setback requirements. 2. Note on the Short Plat that the building wall for Lot 2 be within 300 feet of a fire hydrant. 3. Note on the Short Plat that there be no driveway access to 144th Street. 4. The applicant needs to check with Public Work staff to determine if sewer connection can be obtained on 144th. � December 3, 1986 Page 2 Respectfully submitted, Joanne Johnson Secretary RECREATIONAL TRAIL EASEMENT THIS AGREEMENT is entered into between 12 j m -' (hereinafter referred to as "the Grantor "), and the CITY OF TUKWILA, a Washington optional municipal code city (hereinafter referred to as "the Grantee "). WHEREAS, Grantor owns or has an interest in certain real property (hereinafter referred to as "the Property ") located adjacent in the City of Tukwila, Washington, more particularly described on Exhibit A attached hereto and incorporated herein by this reference, and WHEREAS, Grantee is in the process of developing a pub- lic recreational trail system within Grantee's corporate limits, and WHEREAS, Grantor has agreed to grant an easement to Grantee to develop the easement as an outdoor recreational trail for public use and Grantee has agreed to utilize the Property for such use according to certain terms and conditions, now, there- fore, IN CONSIDERATION of the mutual benefits and and condi- tions hereinafter contained, Grantor hereby conveys and grants to Grantee, its successors and assigns, a perpetual, nonexclusive easement ( "the Easement ") across along, in and upon that portion of the Property shown on Exhibit B attached hereto and incorpor- ated herein by this reference, su ect to the following terms and conditions, by which Grantee agrees to be bound: 1. Use of the Property. Grantee's use of the Easement shall be for the purpose of landscaping, developing and maintain- ing the Easement for public recreational trail purposes and of installing, maintaining and providing for public use of recrea- tional trail facilities thereon. The use of the recreation trail will be restricted to pedestrian, equestrian and bicycle use. Camping, campfires, the use of firearms and any other activities that would be inconsistent with the safe use of the Easement by the public will be prohibited. In addition to the restrictions .on use provided herein, Grantee shall have the power to promul- gate and enforce such other rules and regulations for use of the trail by the public as it may deem fit and proper to promote safe and equitable use. 2. Construction and Maintenance. The design of the public recreation trail shall be in the sole discretion of the Grantee, provided that the design and landscaping of the trail shall be consistent and in harmony with the Grantor's improve- ments and landscaping on the rest of the Property. Grantee ..agrees to make reasonable attempts in designing the public recre- ational trail to accommodate any plans for development by Grantor on property adjacent to the trail. All design, engineering and construction costs incurred in completing the trail shall be at the sole cost and expense of the.Grantee. Grantee shall be responsible for all maintenance and maintenance costs incurred with respect to the trail. Neither the existence of the Ease- ment, the construction of the trail, nor the use of the trail shall in any manner adversely affect the Grantor's use of the Property or result in the elimination or reduction of current or potential parking stalls, driveways or other such uses or TR0000057A -1- improvements. During construction of the trail, Grantee may use the additional ten (10) foot wide space designated on Exhibit B as "construction easement for trail," for the sole purpose of constructing the trail. Once construction of the trail has com- menced, such construction shall be continued in a diligent manner until completion, at which time the additional ten (10) feet for the construction easement shall terminate. During trail con- struction Grantee shall keep the construction area in an orderly and neat condition. Subsequent to construction of the trail Grantee shall likewise maintain the trail in a neat and clean condition. 3. Timing of Construction. Both parties understand and agree that the time at which the Grantee will develop the recreational trail is unknown at present because of the necessity to acquire additional right -of -way and the funding necessary to construct the trail, but will in no event be sooner than four (4) years from the date hereof. Grantor and Grantee agree that Grantor may, with the prior written consent of the Grantee, make temporary improvements to the Easement pending construction of the trail. Grantee shall have sole discretion in determining whether or not to approve any improvements in the Easement which would interfere with or be inconsistent with Grantee's use of the Easement for a recreational trail. In the event that improve- ments are made on the Easement with Grantee's consent, Grantee shall bear the cost of removal of such improvements at the time of trail construction. Grantee shall not be responsible, how- ever, for paying the cost of relocating or reinstalling such improvements, or for paying the costs of installing such improve- ments incurred by the Grantor, or for paying the cost of replac- ing said improvements. Grantee's approval of landscaping or other development by the Grantor in the easement area shall not constitute a waiver of Grantee's rights under this easement to construct and maintain the recreational trail, nor shall any delay in construction of such trail constitute an abandonment or release of the right to develop such trail by the Grantee. 4. Indemnity. Grantee shall indemnify, defend and hold harmless the Grantor from and against any and all claims, losses or liability, or any portion thereof, arising from injury or death to persons or damage to property occasioned by a negli- .gent act, omission or failure of the Grantee, its officers, agents and employees, in constructing and maintaining the recrea- tional trail. 5. Successors. This Agreement shall be recorded with the King County Auditor and shall constitute an easement and servitude running with the land, inuring to the benefit of the parties hereto, their heirs, executors, administrators, succes- sors and assigns. Executed by the Grantor on /t/,1 /9 Executed by the Grantee on GRANTEE: GRANTOR: GARY L. VAN DUSEN, MAYOR TR0000057A -2- By Ti ,/ LC- _ J .1.�.�. , 1984 . , 198 . ATTEST /AUTHENTICATED: MAXINE ANDERSON, CITY CLERK APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY By STATE OF WASHINGTON COUNTY OF KING I certify that I know or have satisfactory evidence that Gary L. Van Dusen and Maxine Anderson signed this instrument, on oath stated that they were authorized to execute the insrtrument and acknowledged it as the Mayor and City Clerk of THE CITY OF TUKWILA to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. STATE OF WASHINGTON COUNTY OF KING ss. ss. Dated Signature of NOTARY PUBLIC Title My appointment expires I cer5 that I know or have satisfactory evidence that Ali/5,24d signed this instrument, on oath stated that }6 weleeauthorized to execute this instrument and acknowledged to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. TRO000057A S' A f . � ature of NO ARY PUBL T it 1 ea c-,:. ivr My appointment expires fa -,pfJ STATE OF WASHINGTON COUNTY OF KING s s Dated I certify that I know or have satisfactory evidence that signed this instrument and acknowledged it to be free and voluntary act for the uses and purposes mentioned in the instrument. Signature of NOTARY PUBLIC Title My appointment expires t i �h!. r i V14.0C:a . «.■ FORM NO. W&AK -5000 Washington & Alaska Region ALTA Owners Policy — Form B — 1970 Amended 10 -17.70 POLICY OF TITLE INSURANCE ISSUED BY TRANSAMERICA TITLE INSURANCE COMPANY SUBJECT TO THE SCHEDULE OF EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CON- TAINED IN SCHEDULE B AND THE PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, TRANSAMERICA TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the amount of insurance stated in Schedule A, and costs, attorneys' fees and expenses which the Company may become obligated to pay hereunder, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein; 2. Any defect in or lien or encumbrance on such title; 3. Lack of a right of access to and from the land; or 4. Unmarketability of such title. IN WITNESS WHEREOF, Transamerica Title Insurance Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. Transamerica Title Insurance Company Proudest Secretary ATatiVed SCHEk - LE OF EXCLUSIONS FROM CG 'RAGE The following matters are expressly excluded from the coverage of this policy: 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) re- stricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordi- nance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subse- quent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claim- ant had paid value for the estate or interest insured by this policy. 1. DEFINITION OF TERMS The following terms when used in this policy mean: (a) "insured ": the insured named in Schedule A, and, subject to any rights or defenses the Company may have against the named insured, those who succeed to the interest of such insured by operation of law as distinguished from purchase including, but not limited to, heirs, distributees. devisees, survivors, personal representatives, next of kin, or corporate or fiduciary successors. (b) "insured claimant ": an insured claiming loss or dam- age hereunder. (c) "knowledge ": actual knowledge, not constructive knowledge or notice which may be imputed to an insured by reason of any public records. (d) "land ": the land described, specifically or by reference in Schedule A, and improvements affixed thereto which by law constitute real property; provided, however, the term "land" does not include any property beyond the lines of the area specifically described or referred to in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing herein shall modify or limit the extent to which a right of access to and from the land is insured by this policy. (e) "mortgage ": mortgage, deed of trust, trust deed, or other security instrument. (f) "public records ": those records which by law impart constructive notice of matters relating to said land. 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE The coverage of this policy shall continue in force as of Date of Policy in favor of an insured so long as such insured retains an estate or interest in the land, or holds an indebted- ness secured by a purchase money mortgage given by a pur- chaser from such insured, or so long as such insured shall have liability by reason of covenants of warranty made by such insured in any transfer or conveyance of such estate or interest; provided, however, this policy shall not continue in force in favor of any purchaser from such insured of either said estate or interest or the indebtedness secured by a pur- chase money mortgage given to such insured. 3. DEFENSE AND PROSECUTION OF ACTIONS — NOTICE OF CLAIM TO BE GIVEN BY AN INSURED CLAIMANT (a) The Company, at its own cost and without undue delay, shall provide for the defense of an insured in all litiga- tion consisting of actions or proceedings commenced against such insured. or a defense interposed against an insured in an action to enforce a contract for a sale of the estate or interest in said land. to the extent that such litigation is founded upon an alleged defect, lien, encumbrance, or other matter insured against by this policy. CONDITIONS AND STIPULATIONS Continued on Front of Back Cover (b) The insured shall notify the Company promptly in writing (i) in case any action or proceeding is begun or de- fense is interposed as set forth in (a) above, (ii) in case knowl- edge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the estate or interest, as insured, and which might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if title to the estate or interest, as insured, is rejected as un- marketable. If such prompt notice shall not be given to the Company, then as to such insured all liability of the Company shall cease and terminate in regard to the matter or matters for which such prompt notice is required; provided, however, that failure to notify shall in no case prejudice the rights of any such insured under this policy unless the Company shall be preiudiced by such failure and then only to the extent of such prejudice. (c) The Company shall have the right at its own cost to institute and without undue delay prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest as insured. and the Company may take any appro- priate action under the terms of this policy, whether or not it shall be liable thereunder, and shall not thereby concede liability or waive any provision of this policy. (d) Whenever the Company shall have brought any action or interposed a defense as required or permitted by the pro- visions of this policy. the Company may pursue any such litigation to final determination by a court of competent juris- diction and expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. (e) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding, the insured hereunder shall secure to the Company the right to so prosecute or provide defense in such action or proceeding, and all appeals therein, and permit the Company to use, at its option, the name of such insured for such purpose. Whenever requested by the Company, such insured shall give the Company all reasonable aid in any such action or proceeding, in effecting settlement, securing evidence, obtaining witnesses, or prosecuting or defending such action or proceeding, and the Company shall reimburse such insured for any expense so incurred. 4. NOTICE OF LOSS — LIMITATION OF ACTION In addition to the notices required under paragraph 3(b) of these Conditions and Stipulations, a statement in writing of any loss or damage for which it is claimed the Company is liable under this policy shall be furnished to the Company within 90 days after such Toss or damage shall have been de- termined and no right of action shall accrue to an insured claimant until 30 days after such statement shall have been furnished. Failure to furnish such statement of loss or damage shall terminate any liability of the Company under this policy as to such loss or damage. S. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS The Company shall have the option to pay or otherwise settle for or in the name of an insured claimant any claim in- sured against or to terminate all liability and obligations of the Company hereunder by paying or tendering payment of the amount of insurance under this policy together with any costs, attorneys' fees and expenses incurred up to the time of such payment or tender of payment, by the insured claim- ant and authorized by the Company. 6. DETERMINATION AND PAYMENT OF LOSS (a) The liability of the Company under this policy shall in no case exceed the least of: (i) the actual loss of the insured claimant; or (ii) the amount of insurance in Schedule A. (b) The Company will pay, in addition to any loss insured against by this policy, all costs imposed upon an insured in liti- gation carried on by the Company for such insured, and all costs, attorneys' fees and expenses in litigation carried on by such insured with the written authorization of the Company. (c) When liability has been definitely fixed in accordance with the conditions of this policy, the loss or damage shall be payable within 30 days thereafter. 7. LIMITATION OF LIABILITY No claim shall arise or be maintained under this policy (a) if the Company. after having received notice of an alleged defect, lien or encumbrance insured against hereunder, by litigation or otherwise, removes such defect, lien or encum- brance or establishes the title, as insured, within a reasonable time after receipt of such notice; (b) in the event of litigation until there has been a final determination by a court of com- petent jurisdiction, and disposition of all appeals therefrom, adverse to the title. as insured, as provided in paragraph 3 hereof; or (c) for liability voluntarily assumed by an insured in settling any claim or suit without prior written consent of the Company. 8. REDUCTION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro tanto. No payment shall be made without producing this policy for endorsement of such payment unless the policy be lost or destroyed, in which case proof of such loss or destruction shall be furnished to the satisfaction of the Company. 9. LIABILITY NONCUMULATIVE It is expressly understood that the amount of insurance under this policy shall be reduced by any amount the Com- pany may pay under policy insuring either (a) a mortgage shown or referred to in Schedule B hereof which is a lien on the estate or interest covered by this policy, or (b) a mortgage hereafter executed by an insured which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy. The Company shall have the option to apply to the pay- ment of any such mortgages any amount that otherwise would be payable hereunder to the insured owner of the estate or Continued from Back of Front Cover interest covered by this policy and the amount so paid shall be deemed a payment under this policy to said insured owner. 10. APPORTIONMENT If the land described in Schedule A consists of two or more parcels which are not used as a single site, and a loss is estab- lished affecting one or more of said parcels but not all, the loss shall be computed and settled on a pro rata basis as if the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole. exclusive of any improvements made subsequent to Date of Policy. unless a liability or value has otherwise been agreed upon as to each such parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement herein or by an endorsement attached hereto. 11. SUBROGATION UPON PAYMENT OR SETTLEMENT Whenever the Company shall have settled a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and reme- dies which such insured claimant would have had against any person or property in respect to such claim had this policy not been issued. and if requested by the Company, such insured claimant shall transfer to the Company all rights and remedies against any person or property necessary in order to perfect such right of subrogation and shall permit the Company to use the name of such insured claimant in any transaction or litigation involving such rights or remedies. If the payment does not cover the loss of such insured claimant, the Company shall be subrogated to such rights and remedies in the pro- portion which said payment bears to the amount of said loss. If loss should result from any act of such insured claimant, such act shall not void this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against hereunder which shall exceed the amount, if any, lost to the Company by reason of the impairment of the right of subrogation. 12. LIABILITY LIMITED TO THIS POLICY This instrument together with all endorsements and other instruments, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest covered hereby or any action asserting such claim, shall be restricted to the provisions and conditions and stipulations of this policy. No amendment of or endorsement to this policy can be made except by writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary. an Assistant Secretary, or validating officer or authorized signatory of the Company. 13. NOTICES, WHERE SENT All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to Transamerica Title Insurance Company, Park Place, Sixth Ave. at University St., Seattle, WA. 98101. FORM NO. W 8 AK 5000-1 • For use with Washington 8 Alaska Region A 'Land Title Associetton Owner's Policy —Form B - 1970 (Amended 161 0) SCHEDULE A Amount of Insurance $ 225,000.00 Date of Policy October 10, 1986 at 8:30 A.M. 1. Name of Insured: Fee Simple Estate 3. The estate or interest referred to herein is at Date of Policy vested in: The Named Insured em Policy No. 652417 Order No. Prem: $10.00 DT &C PARTNERSHIP, a Washington general partnership (whose partners are David Trueb, Herbert DeBoer and Larry Caruso) 2. The estate or interest in the land described herein and which is covered by this policy is: FORM NO WaAK50002 For use with Washington & Alaska Rept° Owner's Policy —Form B -1970 (Amended exu' �rnnrusa¢ e�uaVYa:f wv:`.S's,,u.M( vcY:te <x an Land Title Association 0) SCHEDULE A— Continued The land referred to in this policy is situated in the State of Washington , County of King , and is described as follows: Tracts 4, 5, 6 and 7 in Block 15 of Hillman's Seattle Garden Tracts, as per plat recorded in Volume 11 of Plats, Page 24, records of King County; EXCEPT the Northeasterly 40 feet thereof condemned by King County for road purposes (now known as Interurban Avenue) in King County Superior Court Cause No. 109001; AND EXCEPT that portion thereof lying Easterly of a line described as follows: Beginning at a point opposite Highway Engineer's Station P.O.T. 95 +81.69 Ahd- P.O.T. 95 +28.46 Bk and a distance of 40 feet Westerly, when measured at right angles, from the center line of SR 181, So. Corp. Limites of Tukwila to Foster Interchange; thence Northerly parallel with said center line to the North line of above described property and the end of this line description; Situate in the City of Tukwila, County of King, State of Washington. .'�.'W: .1 1::Xa W FORM NO. W-5000.3 REVISED 11•t OARO) For use with Washington Region American Tit Title Association Owner's Policy — Form B. — 1970 (Amended 10.18.70) DISCLOSED BY: PURPOSE: AREA AFFECTED: GRANTEE: PURPOSE: - AREA AFFECTED: DATED: RECORDING NO.: SCHEDULE B 1. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: END OF EXCEPTIONS 2. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: This policy does not insure against loss or damage, nor against costs, attorneys fees or expenses, any or all of which arise by reason of the following: GENERAL EXCEPTIONS 1. Encroachments or questions of location, boundary and area. which an accurate survey may disclose. 2. Public or private easements, streets, roads, alleys or highways, unless disclosed of record by recorded plat or con- veyance, or decree of a court of record. 3. Rights or claims of persons in possession, or claiming to be in possession, not disclosed by the public records. 4. Material or labor liens, or liens under the Workmen's Compensation Act not disclosed by the public records. S. Water rights or matters relating thereto. 6. Any service, installation or construction charges for sewer, water, electricitX or garbage removal. 7. Mining claims, reservations or exceptions in Patents or in Acts authorizing the issuance thereof. 8. General taxes not now payable; matters relating to special assessments and special levies, if any preceding the same becoming a lien. 9. Right of use, control or regulation by the United States of America, in the exercise of powers over navigation. 10. Any prohibition of or limitation of the use, occupancy or improvement of the land resulting from the rights of the public or riparian owners to use any portion which is now or has been formerly covered by water. SPECIAL EXCEPTIONS Instrument recorded under Recording No. 4006073 Driveway Southerly 5 feet of the Easterly 315 feet of Lot 4 City of Tukwila, a municipal corporation of King County, WA Utilities The Northeasterly 10 feet June 24, 1966 6097193 a'.- �. i : : � : i .• � to .,• l' `- `. � i� d . � � . � r � , , r, lib Nt.. &.R *,tt.Fs,T, t'�`?Y•.i1ewa';at'}�i'r:'; ORDER NO. �;75J it / ESCROW NO, LOAN NO. MORTGAGOR PLAT MAP Vol jl PG a4 PARCEL "E" A � . Ste sr This map does not purport to show all highways, roads or easements affecting bald .property; no liability is assumed for variations in dimensions and location. Transamerica Title Insurance Company HOME OFFICE 600 Montgomery Street San Francisco. California 94111 (415) 983-4400 • Arizona Division 34 West Monroe Street Phoenix. Arizona 85003 (602) 262-0511 • Northam California Division 1440 Maria Lane Walnut Creek. Califomia 94596 (415) 947 -5701 • Southern California Division 888 North Main Street Santa Ana. Cahtornia 92701 (714) 547-9571 • Colorado Division 1800 Lawrence Street Denver, Colorado 80202 (303) 291 -4800 • Eastern Agency Division 15 West Main Street Somerville, New Jersey 08876 (201) 722 -9777 • Midwest Division 33762 Schoolcraft Road Livonia. Michigan 48150 (313) 425-2500 • Oregon Division 12360 East Burnside Portland, Oregon 97216 (503) 256 -1160 •: Southwest Agency Division 12160 Abrams Road Dallas, Texas 75243 (214) 234 -3866 • Washington-Alaska Division , Park Place Sixth Avenue at University Street Seattle. Washington 98101 (208)628-4650 Policy of Title Insurance Issued by Transamerica Title Insurance Company Transamenaa Title Services Transamerica Title Insurance Company WASHINGTON - ALASKA DIVISION • • Headquarters For Washington - Alaska King County Agency Operations 1200 6th Avenue. Seattle • Benton - Franklin Counties 3030 W. Clearwater Avenue, Kennewick • Chelan- Douglas Counties 209 N. Mission Street. Wenatchee • Clark County 202 E. Mill Plain Boulevard, Vancouver • Kitsap County 4040 Whoaton Way. Bremerton • Okanogan County 225 Pine Street, Okanogan • Snohomish County 2939 Colby Avenue, Everett • Spokane-Whitman Counties North 720 Argonne Road. Spokane Thurston County 2625 Martin Way. Oylmpia County Agents Washington Claiiam • Cowlitz • Island • Jefferson Lewis • Pacific • Skagit • Yakima ALASKA OPERATIONS Anchorage District 701 E. Tudor Road. Anchorage • Fairbanks District 36 College Road, Fairbanks • Juneau District 369 S. Franklin. Juneau • District Agents Alaska Ketchikan • Petersburg • Palmer SItka • Tatkeetna • Wrangell .: . President Secretary Continued on Inside Back Cover Appearing In ALTA Owners Policy —Form B 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoy- ment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a re- duction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other mat- ters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in Toss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. COMLTMENT CONDITIONS AND STIFF ATIONS 1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument. 2. If the proposed insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed insured and such parties included under the definition of insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith, (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions, the Conditions and Stipu- lations, and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. SCHEDULE OF EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy: Appearing In ALTA Loan Policy -1970 1. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoy- ment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a re- duction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 2. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records at Date of Policy. 3. Defects, liens, encumbrances, adverse claims, or other mat- ters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no Toss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy (except to the extent insurance is afforded herein as to any statutory lien for labor or material or right thereto). 4. Unenforceability of the lien of the insured mortgage because of failure of the insured at Date of Policy or of any subse- quent owner of the indebtedness to comply with applicable "doing business" laws of the state in which the land is situated. .PiviJ3S1 S• ;•F+.wri:�.'.x:.+U7t:'A'« »: G t��i' X: VrJ.• 1? TrSa�sinycwu .x�e.ra.en....wu�..+.w.ry wvw.uaaa.a^.r+wswa...wu�.... .. a- .......�.x.�..ww........wr.zvu 1�vvtt� G:Y.tiS: jaY�yNY a•» �:1HQU'.YYJE 1'S�r 4�i'J4/.Y�NS� t A.F.Y�.i :. ". :. �. Page 1 re checked below: Please address correspondence to the o BELLEVUE SEATTLE 10635 SCE. 8th Street 12008th Avenue Bellevue. WA 98004 Seattle, WA 98101 (206)451-7301 (206) 628-4650 Prepared For: EVERETT 2939 Colby Avenue Everett. WA 98201 (206) 252-1156 Transamerica Title Insurance 1200 6th Avenue Seattle, WA 98101 Attn: Carol (b) ALTA Loan Policy -1970 (Amended 10- 17 -70) Extended ❑ Proposed Insured: (c) Standard Loan Policy Proposed Insured: (d) LYNNWOOD 19720 44th Avenue West Lynnwood, WA 98036 (208)775.1511 BREMERTON SILVERDALE 4040 Wheaton Way 3100 N.W. Bucklin Hill Rd. Bremerton. WA 98310 Silverdale. WA 98383 (206) 479.1900 (206)892 -4556 ❑ ❑ ❑ Co. Effective Date: August 14, 1986 at 8:00 A.M. 1. Policy or Policies to be issued: Amount (a) ALTA Owner's Policy -Form B 1970 $225,000.00 (Amended 10- 17 -70) Standard a Extended ❑ Proposed Insured: D .T . Investments Washington General Partnership Transamerica No. . 652417 Customer Reference: --- Seller Rainier ► • tional Bank Buyer/ : orr_,; er D. T tment s By Title 0 For Service on this order call: Robert L. Iverson SCHEDULE A $ $ $ 3. The land referred to in this Commitment is situated in the County of Washington and described as follows: - see attached - - continued - OLYMPIA 2825 Martin Way Olympia. WA 98507 (206) 943 -8808 0 King 451-73 or Rose Bouloumpas Binder Rate Premium $10.00 Tax $ . 81 Premium $ Tax $ Premium $ Tax $ Premium $ Tax $ Total $10.81 2. Title to fee simple estate or interest in said land is at the effective date hereof vested in: RAINIER NATIONAL BANK , State of 0 VANCOUVER 202 E. Mill Plain Blvd. Vancouver, WA 98666 (206) 695-1301 DESCRIPTION: Page 2 Order No. 652417 Tracts 4, 5, 6 and 7 in Block 15 of Hillman's Seattle Garden Tracts, as per plat recorded in Volume 11 of Plats, Page 24, records of King County; EXCEPT the Northeasterly 40 feet thereof condemned by King County for road purposes (now known as Interurban Avenue) in King County Superior Court Cause No. 109001; AND EXCEPT that portion thereof lying Easterly of a line described as follows: Beginning at a point opposite Highway Engineer's Station P.O.T. 95 +81.69 Ahd- P.O.T. 95 +28.46 Bk and a distance of 40 feet Westerly, when measured at right angles, from the center line of SR 181, So. Corp. Limites of Tukwila to Foster Interchange; thence Northerly parallel with said center line to the North line of above described property and the end of this line description; Situate in the City of Tukwila, County of King, State of Washington. ' FORM NO. W142.2 REVISED 2-86 For use with Washington Commitment- 1986 Exceptions. Schedule B of the policy or policies to be issued 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 inside back cover. B. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. C. Instruments necessary to create the estate or interest to be properly executed, delivered and duly filed for record. D. Real Estate Excise Tax pursuant to the authority of RCW 82.45 and amendments thereto. As of the date herein, the tax rate for said property is .0132. E. General taxes, as follows, together with interest, penalty and statutory foreclosure cost, if any, after delinquency: Tax Account No. Year Amount Billed Amount Paid Principal Balance 336590- 1370 -04 1986 $838.29 $ .00 $838.29 The levy code for the property herein described is 2380 for 1986. 1. EASEMENT AND THE TERMS AND CONDITIONS THEREOF: DISCLOSED BY: PURPOSE: AREA AFFECTED: NOTE 1: Assessed Valuation: BL /DIP ENCLOSURES: Sketch Paragraph 1 Page 3 SCHEDULE B Order No. 652417 Instrument recorded under Recording No. 4006073 Driveway Southerly 5 feet of the Easterly 315 feet of Lot 4 Land $72,500.00 Improvements END OF EXCEPTIONS 1 10kt i i a'Ai 'r; df.i415inli .;Rielair,U:Rii a%i4,08i:at:i7;.CM 5 :ice • I r, r , ; .•, r,:•.. Nal 8,1R) t:ltyo-r.u.pi..ww•"X.sl1:taFW WK: W�ro` l• KT. T15a %Lg4'VYF9CS,'1{.1�..11:7�bl. n..l'��ai.�i+'.HI'he.�C�b�t .: `.:: ORDER NO. L05g y I ESCROW NO. LOAN NO. MORTGAGOR PLAT MAP Vol /1 PC a4 PARCEL 45 /1 7r" '7". This map does not purport to show all highways, roads or easements affecting braid property; no liability is assumed for variations in dimensions and .location C rIEDULE B GENERAL EXCEPTR IS Appearing in ALTA Standard Owners Policy -Form B 1 . Encroachments or questions of location, boundary and area, which an accurate survey may disclose. 2. Public or private easements, streets, roads, alleys or highways, unless disclosed of record by recorded plat or conveyance, or decree of a court of record. 3. Rights or claims of persons in possession, or claiming to be in possession, not disclosed by the public records. 4. Material or labor liens, or liens under the Workmen's Compensation Act not disclosed by the public records. 5. Water rights or matters relating thereto. 6. Any service, installation or construction charges for sewer, water, electricity, or garbage removal. 7. Mining claims, reservations or exceptions in Patents or in Acts authorizing the issuance thereof. 8. General taxes not now payable; matters relating to special assessments and special levies, if any, preceding the same becoming a lien. 9. Right of use, control or regulation by the United States of America, in the exercise of powers over navigation. 10. Any prohibition of or limitation of the use, occupancy or improvement of the land resulting from the rights of the public or riparian owners to use any portion which is now or has been formerly covered by water. SCHEDULE B GENERAL EXCEPTIONS Appearing in ALTA Owners Policy -Form B 1. Underground easements, servitudes or installations of which no notice is of record. 2. Water rights or matters relating thereto. 3. Mining claims, reservations or exceptions in Patents or in Acts authorizing the issuance thereof. 4. Right of use, control or regulation by the United States of America in the exercise of powers over navigation. 5. General taxes not now payable; matters relating to special assessments and special levies, if any, preceding the same C becoming a lien. SCHEDULE B GENERAL EXCEPTIONS Appearing in Standard Loan Policy 1. 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. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water. 6. Any right, title, interest, estate or easement in land beyond the lines of the area specifically described or referred to in Schedule A, or in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing in this paragraph shall modify or limit the extent to which the ordinary right of an abutting owner for access to a physically open street or highway is insured by this policy. 7. Any law, ordinance or governmental regulation (including but not limited to building and zoning ordinances) restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character, dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in ownership or a reduction in the dimensions or area of the land, or the effect of any violation of any such law, ordinance or governmental regulation. 8. Rights of eminent domain or governmental rights of police power unless notice of the exercise of such rights appears in the public records. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured claimant; (b) not shown by the public records and not otherwise excluded from coverage but known to the insured claimant either at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy or acquired the insured mortgage and not disclosed in writing by the insured claimant to the Company prior to the date such insured claimant became an insured hereunder; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in Toss or damage which would not have been sustained if the insured claimant had been a purchaser or encumbrancer for value without knowledge. Transamerica Title Insurance Company HOME OFFICE 600 Montgomery Street San Francisco. California 94111 (415) 983 -4400 • Arizona DNNion 34 West Monroe Street Phoenix. Arizona 85003 (602) 282 -0511 • Northam CsIllornle Division 1440 Maria Lane Walnut Creek. California 94596 (415)947 -5701 • Southern CNffomia Division 801 Civic Center Drive West Santa Ana. Califomia 92701 (714) 547-5777 • Colorado Division 1800 Larwanc• Street Denver, Colorado 60202 (303)291 -4800 • Eastern Agency Division 15 West Main Street - Somerville. New Jersey 08678 (201) 722 -9777 • Midwest Division 33762 Schootcraft Road Livonia, Michigan 48150 (313) 425 -2500 • S Division 555 S.W. Oak Street Portland, Oregon 97204 (503) 222-9931 • Southwest Agency Division 12160 Abrams Road Dann Tem 75243 (214) 234 -3666 • Washington Division Park Place Sixth Mame at Unhrsraity Streit Seattle, WMhirglon 08101 (206) 628 - 4660 1 COMMITMENT FOR TITLE INSURANCE Issued by Transamerica Title Insurance Company Trensamenoa Title Insurance Services Transamerica Title Insurance Company WASHINGTON - ALASKA DIVISION • Headquarters For Washington Alaska Division King County Washington - Alaska Agency Operations 1200 6th Avenue. Seattle (206) 628 -4650 • Benton- Franklin Counties 3030 W. Clearwater Avenue. Kennewick (509) 783-0660 • Chelan - Dou Counties 209 N. Mission Street. Wenatchee (509) 662 -4721 • Clark County 202 E Mill Plain Boulevard. Vancouver (206) 695-1301 • Kitsap County 4040 Wheaton Way. Bremerton (206)479 -1900 • Okanogan County 225 Pine Street. Okanogan (509) 422-3490 • Snohomish County 2939 Colby Avenue. Everett (206) 252 -1156 • Spokane - Whitman Counties North 720 Argonne Road. Spokane (509) 922 -2222 • Thurston County 2625 Martin Way. Oylmpia (206) 943-4150 • County Agents Washington Claltam • Cowlitz • Island • Jefferson Lewis • Pacific • Skagit • Yakima • ALASKA OPERATIONS • Anchorage District 701 E. Tudor Road. Anchorage (907) 561 -1844 • Fairbanks District 36 College Road. Fairbanks (907) 452 -2193 • Juneau District 369 S. Franklin. Juneau (907) 586 -1215 • District Agents Alaska Ketchikan • Petersburg • Palmer Silks • Talkeetna • Wrangell PARTNERSHIP AGREEMENT OF D. T. & C. PARTNERSHIP THIS AGREEMENT is made by and among HERBERT DeBOER, DAVID TRUEB and LARRY CARUSO (hereinafter collectively referred to as the "Partners" and singularly referred to as "Partner "). I. _..._._.J- �..__._..,..w....rc.r. •r.*Y'.+YL':4�wt3;:.�." :;5 ?.�'r:t �:� Name and Place of Business The Partnership and its business shall be conducted under the firm name of D. T. & C. Partnership. The principal place of such business shall be in King County, Washington. The post office address shall be P.O. Box 81247, Seattle, Washington 98108. II. Business Activities The business of the Partnership is to acquire, own, hold, improve, use, operate, manage and otherwise deal in and with real or personal property. Term The Partnership shall commence on the date of execution of this Agreement and shall continue until terminated upon sixty percent (60 %) vote of the Partnership shares or until the Partnership has sold or disposed of all of its assets. At the termination of the Partnership, the Partners shall proceed with reasonable promptness to liquidate the business of the Partnership. The profits and losses of the business during the period of liquidation shall be divided among or borne by the Partners in the respective percentages in which they shared in such profits and losses prior to the event which resulted in such liquid- ation. Any property distributed in kind and in liquidation shall be valued and treated as though the property were sold and the proceeds were distributed. The difference between the value of the property to be distributed in kind and its book value shall be treated as gain or loss in the sale of property and shall be credited or charged to the Partners in the same ratio that they -1- c „..o,....�._._ n uu..-.+ .................................._..._.._._»......-.,.... .....,.......,..�,........_.... _......_.._.__,_..______..._-....,.... .....we+onzm„v,:ovm:. ^..:r!:;n: ;cs ;nR,�.i±F shared profits and losses. Proceeds from the liquidation'of the Partnership assets shall be applied in the following order: 1. Debts of the partnership other than to Partners; 2. Amounts owed to Partners for the credit balances in their respective drawings accounts or other debts to Partners; 3. Capital contributions of the Partners as reflected in their respective capital accounts. Should any Partner have a debit balance in his capital account, whether by reason of losses in liquidating Partnership assets or otherwise, the debit balance shall represent an obligation from him to the other Partners, to be paid in cash within thirty (30) days after written demand by the other Partners. The debit balance can be offset against any distributions made by the Partnership. IV. Books The Partnership books and business records shall be maintained at the principal office of the Partnership, and the Partners shall have access to them at all times. The books shall be kept on a cash basis for each calendar year and shall be closed and balanced at the end of each such year. V Capital Contributions A. Initial Capital Contributions; Capital Accounts. The Partners shall make initial capital contributions to the capital accounts of the Partnership in the following ratio: HERBERT DeBOER 40% DAVID TRUEB 30% LARRY CARUSO 30% Such contributions shall be made in cash in such amounts as are specified by an affirmative vote of sixty percent (60 %) of the Partnership shares. An individual capital account shall be maintained for each Partner. The capital account of each Partner shall consist of his original contribution of capital, increased by (1) additional capital contributions and (2) his share of Partnership profits and decreased by (1) distributions in reduction of Partnership capital and (2) his share of Partnership losses. Except as provided in Article V.D.2., the capital -2- -3- tS.sMl.Sl:4v.r accounts shall remain in the proportion provided for in this Article. Partners do not have the right to the interest on their capital accounts except as provided in Section D of this Article. No Partner shall have the right to withdraw all or any part of his capital contribution except as provided in Article XI of this Agreement. B. Additional Contributions. Any call for additional contributions shall require an affirmative vote of sixty percent (60 %) of the Partnership shares. All calls for additional contributions shall be in proportion to the respective original capital contributions of the Partners, unless adjusted as hereinafter provided. C. Breach as a Voluntary Withdrawal. If a Partner fails to or is unwilling to contribute additional capital within thirty (30) days of the call by the Partnership or if a Partner breaches any provision of this Agreement, it shall be deemed a voluntary withdrawal of that Partner subject to the provisions of Article XII of this Agreement. D. Loan. If the continuing Partners decide not to buy out as provided in Paragraph C above, the continuing Partners, or any of them, may either: 1. Lend the Partnership the amount due from the defaulting party at prime plus six (6) percentage points. Prime shall be that interest rate which Seattle -First National Bank, Seattle, Washington, charges its best customers on 90 -day obligations on January 1 of each year and said rate plus six (6) percentage points shall be effective for that year. The rate shall be redetermined annually. No profits of the Partnership shall be credited to the defaulting Partner nor shall cash flow distributions be made to him. Such distributions shall instead be used to repay the loans made by any other Partner to the extent available therefor. 2. Contribute additional capital to the Partnership, thereby increasing their (his) percentage interest in capital and reducing the percentage interest of the defaulting Partner's capital account which will adjust, inter alia. the percentage of profits and voting. E. Drawing Accounts. An individual drawing account shall be maintained for each Partner. All withdrawals by a Partner shall be charged to that Partner's drawing account. Withdrawals during the year shall be limited to such amounts as e•.'�4.?rcyears:35e sera. nn., iiM�. rr.. �.: u�xaY �+ tMzt�. T. h,• r.. �w. ����wrr.+: ........ �. mo ��u... nx. Mnm. fnaay. �. w, w,.. u�.++ ro-..... w ............... ....n+....,..+..w.+............ wftor.w.o.1n•rvHe+..xVt1205_`.L .rT. +�i.: :.. ,, •.. 1 the Partners, by a majority vote, shall determine from time to time. Each Partner's share of any Partnership net loss shall be charged to that Partner's drawing account, unless the Partners, by a sixty percent (60 %) vote, agree to charge the loss to the capital accounts of the Partners. Each Partner's share of Partnership profits shall be credited to that Partner's drawing account. The Partners may determine by a sixty percent (60 %) vote to transfer to Partnership capital all or any portion of the credit balances in the drawing accounts of the Partners. Any amounts transferred shall be in the proportions of the Partner's interest in profits or losses of the Partnership. A credit balance in a Partner's drawing account shall constitute a liability of the Partnership to that Partner; it shall not constitute a part of that Partner's interest in the capital of the Partnership. A debit balance in a Partner's drawing account, whether occasioned by drawings in excess of his or her share of Partnership profits or by charging that Partner for share of Partnership loss, shall constitute an obligation of that Partner to the Partnership; it shall not reduce the Partner's interest in the capital of the Partnership. VI. Voting There shall be one vote for each one percent (1 %) of capital interest on all Partnership matters as provided in this Partnership Agreement. VII. Profit and Loss The profits and losses of the Partnership shall be divided among the Partners according to the percentage of their capital accounts as adjusted from time to time. VIII. Distribution Cash distributions shall be made to all Partners upon a sixty percent (60 %) vote. All withdrawals shall be charged to the respective Partner's capital account. IX. Management The overall management and control of the business and affairs of the Partnership shall be vested in all the Partners. Any vote, decision made, or action required or desired to be taken by the Partnership shall be effective upon an affirmative vote of the Partners who own at least sixty percent (60 %) of the Partnership units, or upon a unanimous written consent of all Partners. Except as otherwise expressly and specifically provided in this Agreement, no Partner shall have any authority to act for, or to assume any obligations or responsibility on behalf of any other Partner or the Partnership. X. Agreement to Buy Upon Death of Partner In the event of the death of a Partner, the surviving Partners must purchase the interest of the deceased Partner in the Partnership business within one hundred twenty (120) days of the Partner's death. The valuation and the payment terms of the deceased Partner's interest shall be determined in accordance with Article XII of this Agreement. The purchase by the surviving Partners shall be in the same ratio as their interest in the Partnership. XI. Voluntary Withdrawal of a Partner; Right of First Refusal A. Voluntary Withdrawal. In the event that any of the Partners should desire to voluntarily withdraw from the Partner- ship, or to sell his interest in the Partnership, he shall first offer his interest in the Partnership to the remaining Partners, who shall have the right to acquire,_ in equal interests, the interest of the withdrawing Partner. The Partners agree that the purchase price and the payment terms - of the withdrawing Partner's interest shall be determined in accordance with Article XII of this Agreement. The Partner desiring to withdraw from the Partnership shall give written notice to the remaining Partners and the remaining Partners shall have one hundred twenty (120) days in which to acquire the interest of the withdrawing Partner. If, after the expiration of one hundred twenty (120) days, or in the event that the remaining Partners should sooner notify the withdrawing Partner, that they do not desire to purchase the withdrawing Partner's interest in the Partnership business, then, in either event, the withdrawing Partner may proceed under the provisions of Section B of this Article. A Partner may not transfer his interest in the Partnership unless he fully complies with all of the terms of this Agreement. B. Right of First Refusal. The withdrawing Partner shall, before making or accepting any offer to sell to any third party, give the other Partners written notice of his intent to sell, which notice shall contain the terms of the offer, and the -5-- ti name and address of the offeror, which he has received which he wishes to accept, or the terms of the offer, and the name and address of the offeree, he proposes to make. The other Partners shall have ninety (90) days after receiving said notice to either consent to the transactions specified in the said notice, or by written notice accept the offer to purchase the interest of the withdrawing Partner themselves for their pro rata portion on the same terms and conditions as specified in the notice. This right of first refusal shall not be subject to any penalty whatsoever. Failure to respond shall be deemed consent to the transaction specified,, and the withdrawing Partners shall be free to make or accept the offer specified in the notice. The withdrawing Partner must thereupon complete the transaction of which notice was given within sixty (60) days after the Partners' consent or deemed to have consented. Failure of the withdrawing Partner to complete the transaction within the time specified shall require a new notice to the other Partners under the terms hereof. A conveyance by a Partner of his interest in the Partnership will not, of itself, dissolve the Partnership. The assignee may become a full member of the Partnership only with the unanimous consent of the remaining Partners. Any attempt by a withdrawing Partner to sell his interest in the Partnership shall be wholly null and void and shall confer no title, interest or right whatsoever unless the withdrawing Partner complies with the provisions of this Section. X II. Appraisal; Payments A. Appraisal. Upon the death or withdrawal of a Partner, the surviving Partners and the personal representative of the deceased Partner, or the withdrawing Partner, as the case may be, shall agree upon and appoint a qualified real estate appraiser holding an MAI certification to appraise all the real estate owned by the Partnership as to its reasonable market value as of the date cf death or date of giving notice of intent to withdraw of the deceased or withdrawing Partner. Such appraisal will be made on the same basis in arriving at the reasonable market value as would be done in the case of an appraisal for federal estate tax purposes. If the parties cannot agree as to an appraiser, then the remaining Partners shall choose and pay for the expenses of one appraiser and the withdrawing Partner or personal representative of the deceased Partner shall choose and pay the expenses of one appraiser. Each appraiser shall submit an appraisal and if the difference between their appraisals shall be ten percent (10 %) or less, then an average of the two appraisals shall be taken. If the difference between the two appraisals is more than ten percent (10 %), then the two appraisers shall select a third appraiser, and after the third appraisal is completed, the average of the two closest appraisals -6- 2 4n: ^:: w:�.:s+: a,:tL: si ecsn- no-.... s. a,..,, r.,,.-...+,.. ow,... nranun. u�amru.. c+. s. w. w....._............ n,.r r,«,*+ i` mxnt: l;:t'^'�':b:}ii°:F;::(.tflj „3ca w' �;•:'n i, .. .,.. -7- shall be taken as a final appraisal. Expenses for the third appraiser will be split evenly between the Partnership and the withdrawing Partner or the estate of the deceased Partner. B. Value of Partner's Interest. 1. The purchase price of the withdrawing Partner's interest shall be equal to the product of (a) the withdrawing Partner's percentage interest in the Partnership times (b) the sum of (1) the appraisal of the real estate owned by the Partnership, (2) other assets owned'by the Partnership as shown by the Partnership books of account, less (3) any liabili- ties. The amount so determined shall be referred to as the "Value of the Partner's Interest” ( "VPI "). 2. Notwithstanding the foregoing, if during the four (4) years from the date hereof, the VPI as determined above is greater than the value of the withdrawing Partner's capital account, the purchase price payable to a withdrawing Partner shall be equal to the sum of his capital account and the following percentage of his share in the appreciated value of the Partnership: a. Twenty -five percent (25 %) if withdrawal occurs before the first anniversary of the Partnership's formation; b. Fifty percent (50 %) if withdrawal occurs prior to the second anniversary of the Partnership's formation; c. Seventy - five-percent (75 %) if withdrawal occurs prior to the third anniversary of the Partnership's formation; and d. One hundred percent (100 %) if withdrawal occurs prior to the fourth anniversary of the Partnership's formation; 3. Should the VPI be less than the value of the withdrawing Partner's capital account, then said Partner shall be liable for one hundred percent (100 %) of his share of such depreciation whenever he may withdraw from the Partnership according to the provisions of this Agreement. The withdrawing Partner's depreciation liability can be offset to the extent of the value of his capital and drawing accounts. 4. If the Partnership has obtained financing for its operations, the remaining Partners will use their best efforts to obtain a release of the withdrawing Partner's loan obligations. However, the decision of the lender regarding the release of the withdrawing Partner will be final. C. Terms The down payment shall be twenty percent (20 %) of the with rd awing or deceased Partner's interest in the Partnership. The remaining Partners shall then execute a Promissory Note to the estate of the deceased Partner or to the withdrawing Partner, as the case may be, for the balance due the deceased Partner's estate, and such Note shall be payable in equal annual installments for a period not to exceed ten (10) years from the date of death or withdrawal. The unpaid balance on such Note shall carry interest at the rate of eight percent (8 %) per annum. All Partners must execute the Note and all are jointly and severally liable thereon. Upon the execution of the Promissory Note, then the estate of the deceased Partner, or the withdrawing Partner, shall execute a deed to the remaining Partners for the interest of the deceased or withdrawing Partner in the Partnership real estate and execute a Bill of Sale, if necessary, to convey the other assets of the deceased or withdrawing Partner's interest in the Partnership purchased by the remaining Partners, pursuant to the terms of this Agreement. Pursuant to I.R.C. Section 736(b)(2)(B), payments in exchange for an interest in the Partnership property shall not include amounts paid for goodwill of the Partnership, unless the Partners unanimously agree to make a payment with respect to .goodwill. XIII. Attempted Pledge dY Assignment of Partnership Interest by Partners If any Partner voluntarily attempts to sell, dispose of, assign, pledge, encumber or borrow upon the value of his Partnership interest, such action shall be construed as a sale or transfer for the purposes of this Agreement, and shall be subject to the provisions of Articles XI and XII of this Agreement. XIV. Involuntary Encumbrance of Partnership Interest In the event that any Partnership interest owned by any Partner of the Partnership becomes subject to attachment, seizure, transfer or disposition in any litigation by voluntary or involuntary acts or circumstances affecting that Partner, including but not restricted to personal bankruptcy, dissolution (divorce), insolvency, attachment by creditors, or claims by any person or government, then the remaining Partners shall have the -8- »'�r",,� tai ;•, �•:f:?::.:+:: 1:Rta�.!{:�ti.kanaK.0Vne..rmn...Ni::t!✓.•nt{.Gr ti.MtA45%Mdf+f.u+�.F m «ti.•...+m.....a.n.sa+. right to purchase all Partnership interest so affected or' to be affected, at the price, terms and method determined in Articles XI and XII of this Agreement. XV. Arbitration If any controversy or claim arising out of this Agreement cannot be settled by the Partners, it shall be settled by arbitration in accordance with the Rules of the American Arbitration Association then in effect, and judgment on the award may be entered in any court having jurisdiction thereof. XVI. Other Business Interests Each Partner may have other business interests and may be engaged in any other business or trade, profession or employment whatsoever, on his account or in partnership with, or as employee of, or as an officer, director or stockholder of any person, firm or corporation, as he shall not be required to devote his entire time to the business of the Partnership. XVII. Prohibition on Transfer No sale, exchange, or other transfer of any Partnership unit, or any interest therein, may be made if, such transfer sought to be made, when added to the total of all other units transferred within the period of twelve (12) consecutive months prior thereto, would, in the opinion -of counsel for the Partnership, result in the Partnership being considered to have been terminated within the meaning of I.R.C. Section 708. XVIII. Property Settlement In any property settlement between a Partner and his spouse, whether incident to dissolution of marriage or separation or otherwise, there shall be included in his share of the settlement all Partnership interest subject to this Agreement. The spouse may retain in her share of the settlement, instead of her interest in the Partnership, other community assets having a value equal to the value of the Partnership interest as determined according to Article XIV of this Agreement. -9- x�u.+ww ix*t..t.« .l taKWTSSY Y�SS.. �n�a+ ewww. eru.+ �w . ....... +.f... XIX. Spouse's Community Interest If any Partner's spouse, having a community property interest in the Partnership interest subject to this Agreement, predeceases her husband, there shall be included in that Partner's share of the community property all Partnership interest subject to this Agreement. If the wife's interest in said Partnership interest shall not be given by her to her husband, there may be in the wife's share of the community property, instead of her interest in the Partnership interest, other community assets having an equal value to the value assigned to such Partnership interest upon the final determination for Federal Estate Tax purposes in computing her gross estate. XX. Miscellaneous A. Counterparts. This Agreement may be executed in counterparts. B. Heirs and Assigns. This Agreement shall be binding upon the heirs, executors and assigns of the parties hereto. C. Governing Law. The laws of the State of Washington shall govern the interpretation of this Agreement. D. Gender. Unless some other meaning and intent is apparent from the context, words in the singular number shall include the plural and vice versa, and words in the masculine, feminine and neuter genders shall be interchangeably. E. Amendments. This Agreement can only be amended by unanimous vote of the Partners. IN WITNESS WHEREOF, the parties have executed this Agreement this day of August, 1986. /) u4 L* u 3o-- Hetbert DeBoer Davii'Trueb Address: 3450 ('t 4.v1.►.'14. be l r . Addr - = : C55 -.10- Larr Ca Address: E. I ione /fir ' ,d "Partner" / "Partners" STATE OF WASHINGTON COUNTY OF )<:4 s,r,, On this day of August, 1986, before me personally appeared Herbert DeBoer, to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above wr'tte OFFICIAL out WILLIAM E. BARROW NOTARY PUBLIC.STATE OF WASHINGTON MY COMMISSION EXPIRES: 6.6.90 STATE OF WASHINGTON COUNTY OF ss. ss. ) - 4 01". , ,%/ 7 40 :m. • " ary • Pu in and for the State of Washington, residing t 0 J'44e,/,)G/.= 6 My appointment expires —4-9 On this fit( day of August, 1986, before me personally appeared David Trueb, to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above written. No ry Public in for theate of Washington, residing at ,C.t-a My appointment expires 7 STATE OF WASHINGTON ) ss. COUNTY OF ,app/ ) On this 2_5 day of August, 1986, before me personally appeared Larry. Caruso, to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above written. 471,40 j p Ah Nota Public in and f the State of ashington, residin at My appointment expires :YGY j.e! POWER OF ATTORNEY By my signature hereunder, I hereby irrevocably constitute and appoint my husband, with full power of substitution, my true and lawful attorney -in -fact, in my name, place and stead, to make, execute, sign, acknowledge and record the following: 1. To execute any amendment to this Partnership Agreement for whatever reasons deemed appropriate by my husband, provided said amendment does not affect my community property interest, if any, in partnership property or proceeds thereof. 2. To sell, lease, encumber, refinance, transfer, assign, develop joint venture and/or exchange any or all of partnership property. 3. To execute any and all ancillary documents as may be deemed necessary or desirable by my husband to carry out the above two paragraphs or any of the terms of the Partnership Agreement. 4. To designate under any present or after - acquired life insurance policy, if any exists, the beneficiary of said proceeds. The foregoing grant of authority constitutes a special power of attorney, coupled with an interest; it is irrevocable and shall survive the death or incapacity of the undersigned spouse. STATE OF WASHINGTON ) COUNTY OF Y(f 7 ;7 O ) ss. On this / /day ,�,,� of August, 1986, before me personally ,�' 9 appeared ��j��,,, - , , to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first a•• - w ' t 1101461 AL r . 411111111W ,/, WILLIAM E. c • tary Public in and for t NOTARY PUBLIC -ST =" of Washington, residing at MY COMMISSIOi t r'.' My appointment expires OFFICIAL MOW RIVINTRIVAIMIN WIII,LIAME, BARROW State r //L� -15- • STATEMENT OF CONSENT AND NON - PARTICIPATION IN THE MANAGEMENT OF A PARTNERSHIP ' The undersigned, {, etec, i., i) a. er (hereinafter called "Non- Participant "), declares that she is the spouse of e+ c1/44-1 De 13oe✓ (hereinafter called "Participant "), and that she has a community interest in the capital contribution made by Participant under the terms of the Partnership Agreement of U.T. & C. Partnership a general partnership (hereinafter the "Partnership "), entered into on the day of August, 1986, and that the undersigned has read and fully understands the Partnership Agreement thereof and the determination of purchase price pertaining thereto. In consideration of the interests of the community in the Partnership, Non - Participant does hereby consent to the provisions of said Partnership Agreement, including the following: 1. Upon the death, bankruptcy or incapacity of Participant or Non - Participant, or upon any involuntary transfer of their Partnership interest or part thereof, Non - Participant and Participant may be obliged to sell their interest in D.T. & C. Partnership to the Partnership or to the remaining Partners, hereinafter referred to as the Optionees, upon the terms provided in the Partnership Agreement. 2. In the event that Participant or Non - Participant desires to dispose of the Partnership interest, they shall be obliged to first submit to the Optionees a right to acquire the interest in accordance with the requisites of the Partnership Agreement. 3. Non - Participant has been informed of the options granted to Participant and Non - Participant in similar circumstances affecting other Partners. 4. Non - Participant further agrees that she will not participate in the management of said business enterprise, except insofar as she should in her own right acquire a Partnership interest in D.T. & C. Partnership Non - Participant hereby acknowledges that pursuant to Revised Code of Washington 26.16.030(6), this declaration will permit Participant to acquire, purchase, sell or convey the assets including real estate or good will of the enterprise without her further consent. This declaration and authorization to Participant shall be a continuing one, and shall remain in full force and effect so long as Participant is a Partner in D.T. & C. Partnership. It shall be binding on any successor in interest of the Non - Participant. ::.Aix & 4:. ■ vY. s3i;. le: ictt. aatxx�..• zw ruoc.. w. vx,..... w» v,•, nacv.. o..: e• mm�... r•...>,.......,...•. .,...,,..,.,....�....��....,... ...._.._. r......_..------. o. ..iwsaa_•�an�'�a�2"�SSI'.i'.:;' . 1■ I have been informed of my right to obtain independent legal counsel regarding the effect of this statement on my community property ownership rights in D.T. & C. Partnership and I hereby waive said right. I have read and have been informed of the contents of the D & T Investments Partnership Agreement. I have paid particular attention to Articles XI, XII, XIV, XVII and XVIII and have consented to the provisions therein. IN WITNESS WHEREOF, I have signed this instrument this ly day of August, 1986. STATE OF WASHINGTON COUNTY OF / OPPICIAL SEAL WILLIAM E. BARROW NOTARY PUBLIC•STATE OF WASHINGTON MY COMMISSION EXPIRES: 1•6 +l0- ss. On this day of August, 1986, before me personally appeared c'A,,,. 7gnaez , to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above writte ota " Public in and for the State of Washington, residing at, f.) g. 'i .jF /s My appointment expires 6°-.69,_ ?O STATE OF WASHINGTON COUNTY OF ss. ) POWER OF ATTORNEY By my signature hereunder, I hereby irrevocably constitute and appoint my husband, with full power of substitution, my true and lawful attorney -in -fact, in my name, place and stead, to make, execute, sign, acknowledge and record the following: 1. To execute any amendment to this Partnership Agreement for whatever reasons deemed appropriate by my husband, provided said amendment does not affect my community property interest, if any, in partnership property or proceeds thereof. 2. To sell, lease, encumber, refinance, transfer, assign, develop joint venture and /or exchange any or all of partnership property. 3. To execute any and all ancillary documents as may be deemed necessary or desirable by my husband to carry out the above two paragraphs or any of the terms of the Partnership Agreement. 4. To designate under any present or after - acquired life insurance policy, if any exists, the beneficiary of said proceeds. The foregoing grant of authority constitutes a special power of attorney, coupled with an interest; it is irrevocable and shall survive the death or incapacity of the undersigned spouse. Oct thisa7d, day of August, 1986, before me personally appeared , to me known to be the individual named in and wtio executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above w itten. Not y Public in id for the ate of ashington, residing at My appointment expires o - C_ STATEMENT OF CONSENT AND NON- PARTICIPATION IN THE MANAGEMENT OF A PARTNERSHIP 3. Non - Participant has been informed of the options granted to Participant and Non - Participant in similar circumstances affecting other Partners. 4. Non - Participant further agrees that she will not participate in the management of said business enterprise, except insofar as she should in her own right acquire a Partnership interest in D. T. & C. Partnership Non - Participant hereby acknowledges that pursuant to Revised Code of Washington 26.16.030(6), this declaration will permit Participant to acquire, purchase, sell or convey the assets including real estate or good will of the enterprise without her further consent. The undersigned, Lymnc C. \-. (hereinafter called "Non- Participant "), declares that she is the spouse of .7" "Tr 4-A1 (hereinafter called "Participant "), and that she has a community interest in the capital contribution made by Participant under the terms of the Partnership Agreement of D. T. & C. Partnership a general partnership (hereinafter the "Partnership "), entered into on the day of August, 1986, and that the undersigned has read and fully understands the Partnership Agreement thereof and the determination of purchase price pertaining thereto. In consideration of the interests of the community in the Partnership, Non - Participant does hereby consent to the provisions of said Partnership Agreement, including the following: 1. Upon the death, bankruptcy or incapacity of Participant or Non - Participant, or upon any involuntary transfer of their Partnership interest or part thereof, Non - Participant and Participant may be obliged to sell their interest in D.T. & C. Partnership to the Partnership or to the remaining Partners, hereinafter referred to as the Optionees, upon the terms provided in the Partnership Agreement. 2. In the event that Participant or Non - Participant desires to dispose of the Partnership interest, they shall be obliged to first submit to the Optionees a right to acquire the interest in accordance with the requisites of the Partnership Agreement. This declaration and authorization to Participant shall be a continuing one, and shall remain in full force and effect so long as Participant is a Partner in D. T. & C. Partnership. It shall be binding on any successor in interest of the Non - Participant. -18- COUNTY OF STATE OF WASHINGTON ) ) ss. ''flamo.u Q g-71),.Ar I have been informed of my right to obtain independent legal counsel regarding the effect of this statement on my community property ownership rights in D.T. & C. Partnership and I hereby waive said right. _ I have read and have been informed of the contents of the D. T Investments Partnership Agreement. I have paid particular attention to Articles XI, XII, XIV, XVII and XVIII and have consented to the provisions therein. IN WITNESS WHEREOF, I have signed this instrument this day of August, 1986. On this 020C4 day of .August, 1986, before me personally appeared /(� , to me known to be the individual named in and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above written. No ry Public in and for the tate of Washington, residing at My appointment expires /0.4 C • POWER OF ATTORNEY By my signature hereunder, I hereby irrevocably constitute and appoint my husband, with full power of substitution, my true and lawful attorney -in -fact, in my name, place and stead, to make, execute, sign, acknowledge and record the following: 1. To execute any amendment to this Partnership Agreement for whatever reasons deemed appropriate by my husband, provided said amendment does not affect my community property interest, if any, in partnership property or proceeds thereof. 2. To sell, lease, encumber, refinance, transfer, assign, develop joint venture and /or exchange any or all of partnership property. 3. To execute any and all ancillary documents as may be deemed necessary or desirable by my husband to carry out the above two paragraphs or any of the terms of the Partnership Agreement. 4. To designate under any present or after - acquired life insurance policy, if any exists, the beneficiary of said proceeds. The foregoing grant of authority constitutes a special power of attorney, coupled with an interest; it is irrevocable and shall survive the death or incapacity of the undersigned spouse. STATE OF WASHINGTON ) ss . COUNTY OF /�i) On this 4 day of August, 1986, before me personally appeared ,�,,,��,., P. fh , to me known to be the individual named in/` - and who executed the foregoing instrument and acknowledged that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above written. hird.ca...R / Lt.) Nota Public in and the State of ashington, residing at My appointment expires I, -20- i ��►0,L ( 61/ual) v STATEMENT OF CONSENT AND NON - PARTICIPATION IN THE MANAGEMENT OF A PARTNERSHIP • c ��., n dY. �..k �x.x'r.S+. r,c �A .�AF::V� >:._.:_....��.'Li �i.; } v±„ ..;�� �. J�•'3�,'... .�u The undersigned, StASo►vN CarU'Se- (hereinafter called "Non- Participant "), declares that she is the spouse of j_grru Caru (hereinafter called "Participant "), and that she has a community interest in the capital contribution made by Participant under the terms of the Partnership Agreement of D.T. & C. Partnership a general partnership (hereinafter the "Partnership "), entered into on the day of August, 1986, and that the undersigned has read and fully understands the Partnership Agreement thereof and the determination of purchase price pertaining thereto. In consideration of the interests of the community in the Partnership, Non - Participant does hereby consent to the provisions of said Partnership Agreement, including the following: 1. Upon the death, bankruptcy or incapacity of Participant or Non - Participant, or upon any involuntary transfer of their Partnership interest or part thereof, Non - Participant and Participant may be obliged to sell their interest in D.T. & C. Partnership to the Partnership or to the remaining Partners, hereinafter referred to as the Optionees, upon the terms provided in the Partnership Agreement. 2. In the event that Participant or Non - Participant desires to dispose of the Partnership interest, they shall be obliged to first submit to the Optionees a right to acquire the interest in accordance with the requisites of the Partnership Agreement. 3. Non - Participant has been informed of the options granted to Participant and Non - Participant in similar circumstances affecting other Partners. 4. Non - Participant further agrees that she will not participate in the management of said business enterprise, except insofar as she should in her own right acquire a Partnership interest in D.T. . & C. Partnership Non - Participant hereby acknowledges that pursuant to Revised Code of Washington 26.16.030(6), this declaration will permit Participant to acquire, purchase, sell or convey the assets including real estate or good will of the enterprise without her further consent. This declaration and authorization to Participant shall be a continuing one, and shall remain in full force and effect so long as Participant is a Partner in D. T. & C. Partnership. It shall be binding on any successor in interest of the Non - Participant. -21- '.= s':x:;t y 'YLitaki i ciso.mm4: ogaiiais. a2va.tvoi":iCfitJ1.'ri iir"•tbYivat.` iak .; le.t..rayt..iv a etm ft STATE OF WASHINGTON ) COUNTY OF !/ v l1.etcd ) ss. 92C KriTaoan: M,1114M'lxM Oftw . t zi I have been informed of my right to obtain independent legal counsel regarding the effect of this statement on my community property ownership rights in D.T. & C. Partnership and I hereby waive said right. I have read and have been informed of the contents of the D & T Investments Partnership Agreement. I have paid particular attention to Articles XI, XII, XIV, XVII and XVIII and have consented to the provisions therein. IN WITNESS WHEREOF, I have signed this instrument this 25 day of August, 1986. On this 04 day of August, 1986, before me personally appeared D,,, 3• (�,,,t n , to me known to be the individual named in nd who executed the foregoing instrument and acknowle that he signed and sealed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN UNDER MY HAND AND OFFICIAL SEAL the day and year in this certificate first above written. Nota Public in nd r the State of ashington, residi g at My appointment expires mzn 66_ FLOOR PLAN 1/8" : 1' -0" EXECUTIVE OFFICE 115 LOUNGE 114 EXECUTIVE OFFICE 119 VESTIBULE 101 _C.OMMUN= (CATIONS 130 PRIVATE OFFICE 105 PRIVATE OFFICE 106 PRIVATE OFFICE 107. rn F T•62-SS IIdov 10 1986 1 s:. PLANNING DEPT. a. 05 _ � Z W c C 3Z = L F ' cc c0 CO Q• d as ,. — . -ts u. ad • o� i=cS wW o ,73Z Rau: 71 CD O Q N O c >0 z . • O' ZOLd. • c t�C • 0 )_ o 0) aid' w= ,Nt ¢Ocv • 00 < = rn at:: Us Z . ti 0 O ( q W co Z cd 5 ) £ 0) • co ° aCTz to 0 * >.. � Z 0 O CO o2Nmv 0 z z z Q co m. o co o ; o 0 w m F- O < -3 o t l:i,: IiliIIjIIIIIIIIIIIjIIiIiIIIIPIIIIIIIIIIIIjIIIIiMMIIIIIIIIIIIIIIMIIIIIIIIiII i 11.1 jiuµl111u11L111 11111!11111 jM111ij.11i11i111i11ijili111111111i1111j11i1i 11j1j11101111i 0 • *•• ••� 1 7 3 4 .. . . S,. ... 6 .7.._ \ . Q 9 10 11 ."- 12 IF THIS MICROFILMED DOCUMENT IS LESS I ID CLEAR THAN'THIS NOTICE, IT IS DUE TO OE ez . 9e La 9z ae VZ ea) ' EZ rz THE IUALITY OF THE ORIGINAL DOCUMENT I e e c 9 9 n e .z r p a � 1i u 1 i 1 i Ili 1 1 uiiI R1,1i tl. or uigill�I RiTiii iiluihill iiliiiilii griiili i u nii�uuhnii uhi luu All uu1111111 a ; x t t Y 1 it �t f 5 .} 1 v ! r di til I'� # • w , � . 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