HomeMy WebLinkAbout200711070171
AFTER RECORDING MAIL TO:
Tiferet L.L.C.
1702 N. 45th Street
Seattle, WA 98103
Flied for RecOId at ReqQest ot
Pacifk Northwest Title
Escrow Number: ll4153646
Tide Order Number l21091OO
PACIFIC NW TItlE 200711070111
Deed Ree Fee, $ 41.1\1\
11/&712007 1:Z'!?:Z PI\ Ruditer
iifmiiii'iiMIII.WII
Statutory Warranty Deed.
Gt-utor: City of Bremertuo g
Grantee: Tifere! LL.c.
Abbreviated Legal: 0
Parcel I: Pto GL 1, Sedioo 13, Township 24 North, Range 1 East
Parcel II: Lot I, Blk 2, Park Place
Additioaallegal(.) 00 page: 2
AUelIsor'. Tax Pan:el. Numbe s: 132401-2-031-2000,3
THE Graotor City of Bremerton, a WulriogtoD.
in consideratian of TEN
d paid, COI1Veys and warrants
d real estate, situated in the
As Set Forth In Exhibit "A" Attacl1ed
By This Reference Is Made A Part Hereof.
erence Is Made A Part Hereof.
Dated Qei8ller J9, 18119"
1111\7/21117 ...--.... /
Cler_'s InitIal ~-----
that Cary Bazeman
he is au1horized to execute the iD&mment and acknowledged it as
of City of Bremerton
party for the lISeS and pmposes IIICIIlimred in this instrument.
Dated:
1'0&< 1 .f2
U'I'H<l
EXHIBIT A
Parcel I:
That portion of the foJlowiag descnlled proPerty in Government Lot 1, Section 13, Township 24
North, Range 1 East, W.M., in Kitsap County, Washington, lying Easterly ofMcKenzi Aveuue and
Southwesterly of Sheldon Boulevard; '\
Beginning at a point North 0"57'(12" East 773.30 feet and South 88026'00" East 142.50
Southwest comer of said Government Lot 1; thellce South 0"57'02" West 120 feet; thence
88026'00" East to the balanced Goveromeut meander line; thence Northwesterly; on .
meander line to a point South 880Z6'OO" Eot from tile point of beginning; thence No
West to the point of beginmug.
and for the purposes
KiIsap County Auditor's
"n said pipeline.
Parcel II:
Lot 1, Block 2, Park Place Addition to the City of Bremerfoo, according
3 ofPlat5, Page 30, in Kitsap County, Washington;
Except Sheldon Boulevard.
SUBJECI'TO:
Easement, and teons and conditions thereof, affix:tiog
hl:rcioaftec stated, as disclosed bv instrument recorded
File No. 1157940. For oil pipeliD.e together with and
~
o~
PACIFIC NW TITLE 200711810171
Deed Rec Fee, $ 41.00
11/~7120e7 12,52 PI'l Page' 2 of 2
iifmiili.liilillili.~1111l11 "
A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
B. TYPE OF
1. 0 FHA 2. 0 FHMA
4. 0 VA 5. 0 CONV. INS.
6. FILE NUMBER: 7. LOAN NUMBER
31053646 1010010592
8. MORTGAGE INS. CASE NO.:
<fr> OMB No. 2502-0265
LOAN
3. [Xl CONV. lJNINS.
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items
marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. NAME & ADDRESS Tiferet, LLC
OF BORROWER: 1702 N. 45th Street, Seattle, WA 98103
E. NAME & ADDRESS City of Bremerton
OF SELLER: 345 - 6th Street, Suite 600, Bremerton, WA 98337
F. NAME & ADDRESS Regal Financial Bank
OF LENDER: 925 - 4th Ave., Ste 100, Post Office Box 21485, Seattle, WA 98104
G. PROPERTY LOCATION: Vacant Land Sheldon & McKenzie, Bremerton, WA
H. SETTLEMENT AGENT: Pacific Northwest Title
PLACE OF SETTLEMENT: 2021 NW Myhre Road, Suite 300, Post Office Box 3607, Silverdale, WA 98383 (360) 692-4141
1. SETTLEMENT DATE: 11/07/2007 Final
J. Summarv of Borrower's Transaction K Summarv of Seller's Transaction
100. Gross Amount Due From Borrower: 400. Gross Amount Due To Seller:
101. Contract sales price 40 I. Contract sales price 126.000.00
102. Personal property 402. Personal property
103. Settlement charges to borrower: (line 1400) 403.
104. 404.
105. 405.
Adiustments For Items Paid Bv Seller In Advance: Adiustments For Items Paid By Seller In Advance:
106. City/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
108. A'iSessments to 408. Assessments to
109. 409.
110. 410.
111. 411.
112. 412.
113. 413.
114. 414.
115. 415.
116. 416.
120. Gross Amount Due From Borrower: 420. Gross Amount Due To SeHer: 126,000.00
200. A mounts P..id Bv Or In Rebalf Of Borrower: 500. Reductions Tn Amount Due To Seller:
201. Deposit or earnest money 501. Excess deposit (see instructions)
202. Principal amount of new loan(s) . 502. Settlement charges to seller (line 1400) 1 097.70
203. Existing loan( s) taken subject to 503. Existing loan(s) taken subject to
204. 504. Payoff 1st Mtg. Ln.
205. 505. Payoff 2nd Mtg. Ln.
206. 506.
207. 507.
208. 508.
209. 509.
Adjustments For Items Unpaid By Seller: Adjustments For Items Unpaid By Seller:
210. Cityltown taxes to 510. City/town taxes to
211. County taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
218. 518.
219. 519.
220. Total Paid BylFor 520. Total Reductions 1,097.70
Borrower: In Amount Due Seller:
300. Cash At Settlement From/To Borrower: 600. Cash At Settlement From/To Seller:
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420) 126 000.00
302. Less amount paid by/tor borrower (line 220) 602. Less reductions in amount due seller (line 520) 1.097.70
303. Casb (0 FROM) OrO) Borrower: 0.00 603. Cash (XfrO) to FROM) Seller: 124,902.30
Previous Edition Is Obsolete
Form No. 1581
3/86
x
X
Page I of 3
SB-4-3538-000-1
HUD-1 (3-86)
RESPA, HB 4305.2
x
X
L.
700. Total Sales/Broker's Commission:
Based On Price $
SETTLEMENT
CHARGES
%=
Escrow: 31053646
Paid From
Borrower's
Funds
At
Settlement
Paid From
Seller's
Funds
At
Settlement
ent
803. Annraisal fee to:
804. Credit renort to:
805. Lender's insnection fee
806. MortlJalJe insurance annlication fee to
807. Assumntion fee
808.
809.
810.
81l.
812.
813.
814.
815.
816.
QOO H4~.- . Rv T ...nll.... To Q4 ])~;.1 Tn
901. Interest from to (fl)~ /dav (0 days)
902. Mort<>a<>e insurance nremium for mo. to
903. Hazard insurance nrernium for vrs. to
904. Flood insurance nremium for VIS. to
905.
906.
1000 I Wit.. T pn.1.....
1001. Hazard insurance o months fa! $ 0.00 ner month
%
%
1 002. Mort~age insurance
1003. City property taxes
1004. County property taxes
1005. Annual assessments
1006. Flood insurance
1007
o months @ $
o months @ $
o months @ $
o months @ $
o months @ $
o months @ $
0.00 per month
0.00 per month
0.00 per month
0.00 per month
0.00 per month
o 00 ner month
1008. AQ!!TeQate Ad;ustment
1009.
1100 THI..
1101. Settlement or closinQ fee to Pacific Northwest Title 325.80
1102. Escrow Fee: $600.00 Sales Tax: $51.60
1103. Title examination to
1104. Title insurance binder to
1105. Document nrenaration to
1106. Notarv fees to
1107. Attorney's fees to
(includes above item Numbers: )
1108. Title insurance to Pacific Northwest Title
(includes above item Numbers: ) 705.90
1109. Lender's coveraQe $
1110. Owner's covera<>e 'I: 126000.00 Premium: $650.00 Tax: '1:55.90
1111. Record RilJht-of-Wav to Pacific Northwest Title 46.00
1112.
1113.
1114.
1') 00 '..n.1 ~.
1201. RecordinQ fees: Deed $ 0.00 . Mortp'a<>e $ 0.00 :Re1eases 'I: 0.00
1202. City/county tax/stamns: Deed 'I: 0.00 . MortQ'ape 'I: 0.00
1203. State tax/Stamns: Deed $ 0.00 . Mortaaae $ 0.00
1204. Excise Tax to Kitsan County Treasurer 1000
1205. Excise Tax to Kitsan County Treasurer 10.00
noo . . - ..
1301. Survey to
1302. Pest insnection to
1303.
1304.
1305.
1306.
1307.
1308.
1309.
1310.
131l.
1312.
1313.
1,10/\ T~"nl - "" 1;no /(H "n~;';~~ r _ nm} _ l;no 'in') .<>:o....t;nn YI 1 Cl47711
Form No. 1582
X
Page 2 of3
SB-4-3538-000-1
X
X
X
SELLER'S AND/OR BORROWER'S STATEMENT
Escrow: 31053646
I have carefully reviewed the HUD-l Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the HUD-I Settlement Statement.
Borrowers/Purchasers
Sellers
City of Bremerton
By:
Cary Bozeman, .
The HUD-I Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be
disbursed in accordance with this statement.
Settlement Agent: C
Cindy L. Rose, Pacific Northwest T, e
WARNING: It is a crime to knowingly make false s ents to the United States on this or any other similar form. Penalties upon conviction can include a
tine or imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010.
Date:
\\,\,\)1
SELLER'S TAX INFORMATION
SELLER'S CERTIFICATION OF TAXPAYER IDENTIFICATION NUMBER (substitute W-9)
You are required by law to provide the Settlement Agent (see block H) with your correct taxpayer identification number. If you do not provide your Settlemel
Agent with your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law in the Tax Reform Act of 1986,
under Internal Revenue Code Sections 6045(e), 6676, 6722, 6723 and 7203.
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification number.
SSN
Signed:
City ofBremerton
SSN
Signed:
SSN
Signed:
SSN
Signed:
Seller's Forwarding Address:
345 - 6th Street, Suite 600
Bremerton
WA 98337
PROCEEDS FROM REAL ESTATE TRANSACTIONS (substitute form 1099-S)
The intormation contained below and in blocks E, G, H and I is important tax information and is being supplied to the Internal Revenue Service. If you are
required to file a return, a negligence penalty or other salll.:tion will be imposed on you if this item is required to be reported and the IRS determines that it
has not been reported. If this real estate was your principal residence, file Form 2119, Sale or Exchange of Principal Residence, for any gain, with your
income tax return; for other transactions, complete the applicable parts of Form 4707, Form 6252 and/or Schedule D (Form 1040).
GROSS PROCEEDS:
$
126,000.00
o Check here if the Seller received or will receive property or services as part of the consideration.
Real property tax amounts reimbursed $ 0.00
PROCEEDS ALLOCATION FOR MULTIPLE SELLERS
When more than one seller is involved in the transfer of property, they may elect to allocate the Gross Proceeds between the named parties tor the purpose of
reporting such amounts to the Internal Revenue Service. This DOES NOT apply to a husband-wife relationship or to a partnership. If the proceeds are
allocated, the sum of the individual allocations must equal the total Gross Proceeds above. Use the space below or submit a sheet listing name, address,
taxpayer identification number, and allocation amount.
Page 3 00
Amendn:!,~flt to
Real Estate Purchase. & Sale Agreement with Earnest MoneY' Provision
BetweenTi fere!, Ltc {Bi:1yer) and City of Bremertot;l, (Seller)
Th,e patties agree to amend the Agt.eementas follows:
Paragraph 4 shall have an additi~)11al contingency adq\tq which shall be l~€:lJ:n)c, The
contingency shall tead: The Buyer's approval' of a satisfactory hazardous \vaste clean-up.
progl'am on or before November 3(t 2007.
The Closing shall' be on or bef{}re December '31, 2007~
All other terrils. and conditions. remain utlChanged.
Cary Bozel: n, Mayor
Date: ~ ":~~ ()!
Date:
SeHer:.
The City of
By:
''ltfJiJl-un't'r:~l~..r,'~(\'Ju.;''<h(''fCt''J...Iy rh)~;Umelll,'i~Pl/J{(,IiA,~h.' t~ ,SA/..f: A..GtlE/S';Af~'{k.I/~k:JJl1tJ !(k'l~J,;,4 7~fI.'trf,,(i"yt~!'f!{vm O<.vz",WJ7,.Ml('
v
REAL EST ATE PURCHASE AND SALE AGREEMENT
WITH EARNEST MONEY PROVISION
This agreement controls the terms of the sale of real property.
(Please read carefully before Si2nim!.)
This Agreement is entered between the CITY OF BREMERTON, a Washington municipal
corporation ("Seller"), and TIFERET, LLC., a Washington limited liability corporation ("Buyer"),
for the sale and purchase of real property as follows:
1. PROPERTY. The property which Buyer agrees to buy and Seller agrees to sell,
consists of two vacant lots located at the SE intersection of McKenzie and Sheldon blvd. in the
vicinity of 1221 Sheldon Blvd., Bremerton, Washington, (the "Property") legally described in
Exhibit A, attached hereto and incorporated herein by this reference. A map indicating the location
of the Property is also attached as Exhibit B, incorporated herein by this reference. The Property to
be conveyed herein as described in Exhibit A is subject to a dedication of right-of-way by Buyer at
closing as described in Exhibit C, attached hereto and incorporated herein by this reference.
2. EARNEST MONEY. Received from Buyer, Five Thousand and No/lOO Dollars
($5,000.00) as earnest money and part payment on the purchase price for the Property.
3. PURCHASE PRICE. The total purchase price for the Property is One Hundred
Twenty Six Thousand Dollars and No/lOO Dollars ($126,000.00), including eamestmoney, payable
on closing.
4. CONTINGENCIES. This agreement is contingent upon:
(a) Acceptance of its terms by the Bremerton City Council.
(b) Buyers review and approval of the title report on the property prior to
Closing.
Should any of these contingencies not be met prior to closing, then this Agreement
shall terminate except neither Buyer nor Seller shall have any further rights, duties or obligations
hereunder, except that the Earnest Money held in escrow shall be immediately returned to Buyer.
5. CONVEYANCE AND CONDITION OF TITLE. The title to the real property
shall be conveyed by Seller to Buyer at closing by Statutory Warranty Deed, free and clear of all
liens, encumbrances or defects except those described in Paragraph 6 below.
REAL ESTATE PURCHASE AND SALE AGREEMENT
Sheldon Blvd.
Page 1 of5
r/
6. TITLE INSURANCE. At Closing, Seller shall cause Pacific Northwest Title
Company, whose address and telephone number is 9927 Mickleberry Road NW Silverdale,
Washington 98383, (360 692-4141), to issue a standard form owner's policy of title insurance to
Buyer in an amount equal to the total purchase price ofthe Property. The cost ofthis policy shall be
paid from Seller's funds at Closing. If an extended coverage owner's policy is requested by Buyer,
then Buyer shall pay the increased costs associated with that policy including the excess premium
over that charged for a standard coverage policy, and the cost of any survey required by the title
insurer. For purposes of this Agreement, the following shall not be deemed encumbrances or defects:
rights reserved and federal patents or state deeds; building or use restrictions consistent with current
zoning, and utility and road easements of record. If title cannot be made so insurable prior to the
Closing date called for herein, unless, Buyer elects to waive such defects or encumbrances, this
agreement shall terminate.
7. CLOSING COSTS AND PRO-RATIONS. The cost of escrow shall be shared
equally between Buyer and Seller, except those fees which are expressly limited by Federal
Regulation. Seller shall pay for excise tax and revenue stamps as applicable. Taxes for the current
year, rents, interest, Association, Condominium and/or Homeowner's fees, water and other utility
charges, if any, shall be pro-rated as of date of closing unless otherwise agreed.
8. CLOSING OF THE SALE. With the understanding that time is ofthe essence for
this agreement, this sale shall be closed by September 28, 2007 which shall also be the termination
date of this agreement unless said closing date is extended in writing by mutual agreement of the
parties. When notified, the Buyer and Seller will deposit, without delay, in escrow with Pacific
Northwest Title Company all instruments and monies required to complete the transaction in
accordance with this agreement. Closing, for the purpose of this agreement, is defined as the date
that all documents are executed and the sale proceeds are available for disbursement to the Seller.
9. POSSESSION. Buyer shall be entitled to possession on closing.
10. SELLER'S REPRESENTATIONS. Seller represents that:
(a) Seller will maintain the property in present or better condition until time of
agreed possession, and
(b) the property is not encumbered by any leases.
11. SELLER'S ENVIRONMENTAL REPRESENTATIONS. Sellerrepresents and
Buyer acknowledges that Seller has disclosed the existence of environment conditions (including,
without limitation, a spill, discharge or contamination) that existed as of and/or prior to the closing
REAL ESTATE PURCHASE AND SALE AGREEMENT
Sheldon Blvd.
Page 2 of5
v
date, the result of which may require remedial action pursuant to any federal, state or local law or
may be the basis for the assertion of any third party claims, including claims of governmental
entities. Buyer acknowledges that it has performed its due diligence investigation of the
environmental condition ofthe Property and knowingly accepts the property in its current condition
with this knowledge.
12. HOLD HARMLESS. As partial consideration for the purchase of the Property,
Buyer purchases the property and improvements "as is" and agrees to hold harmless the Seller from
any and all damages, claims, losses, liabilities, judgments, demands, fees, obligations, assessments,
and expenses and costs, which may be imposed upon or incurred by Buyer, or asserted against Buyer
by any other party or parties (including, without limitation, a governmental entity), arising out of or
in connection with any environmental condition existing as of and/or prior to the closing date
whether known or unknown. This provision shall survive closing.
13. DEFAULT AND ATTORNEY'S FEES.
(a) Buyer's Default. If Buyer defaults hereunder, Seller's sole remedy shall be
limited to damages against Buyer in the liquidated amount ofthe earnest money previously paid the
Buyer. Buyer and Seller intend that said amount constitutes liquidated damages so as to avoid other
costs and expenses to either party in connection with potential litigation on account of Buyers'
default. Buyer and Seller believe said amount to be a fair estimate of actual damages.
(b) Seller's Default. If Seller defaults hereunder, Buyer shall have all the rights
and remedies available at law or in equity.
(c) Attorney's Fees and Costs. In the event oflitigation to enforce any ofthe
terms or provisions herein, each party shall pay all its own costs and attorney's fees.
14. NOTICE TO BUYER. This form contains provisions for an agreement for the
purchase and sale of real estate. The Seller makes no warranty or representation of any kind that
this form, or any of its provisions, is intended to meet the factual and legal requirements of a
particular transaction, or that it accurately reflects that laws of the State of Washington at the time
you enter the agreement. This agreement has significant legal and financial consequences. By
signing this agreement, Buyer acknowledges that Buyer has or has had the opportunity to consult
with an attorney regarding Buyers rights and obligations in this agreement.
15. BROKERS FEES/COMMISSIONS. Buyer agrees to indemnify, defend and hold
harmless Seller with respect to any claim by any person or entity claiming through Buyer to be
entitled to a commission with respect to the transaction contemplated by this agreement.
16. NON-MERGER. The terms, conditions, and provisions ofthis Agreement shall not
REAL ESTATE PURCHASE AND SALE AGREEMENT
Sheldon Blvd.
Page 3 of5
be deemed merged into the deed, and shall survive the Closing and continue in full force and effect.
17. NOTICES. All notices required or permitted to be given hereunder shall be in
writing and shall be sent U.S. certified mail, return receipt requested, or by facsimile transmission
addressed as set forth below:
(a) All notices to be given to Seller shall be addressed as follows:
Mayor
City of Bremerton
345 6th Street, Suite 600
Bremerton, Washington 98337-1873
(b) All notices to be given to Buyer shall be addressed as follows:
Mark Goldberg
Tiferet, LLC.
1702 North 45th Street
Seattle, Washington 98103
Either party hereto may, by written notice to the other, designate such other address
for the giving of notices as being necessary. All notices shall be deemed given on the day such
notice is personally served, or on the date of the facsimile transmission, or on the third day following
the day such notice is mailed in accordance with this paragraph.
18. ENTIRE AGREEMENT. This agreement, including all incorporated exhibits,
constitutes the full understanding between seller and buyer. There have been no verbal or other
agreements that modify this agreement.
19. BINDING EFFECT AND SURVIVAL. This Agreement shall be binding upon
parties hereto and their respective heirs, successors and assigns; and the terms, conditions and
provisions ofthis Agreement shall survive the closing of this transaction.
20. DATE OF MUTUAL ACCEPTANCE. For the purposes ofthis Agreement, the
date of mutual acceptance of this Agreement shall be the last date on which the parties to this
Agreement have executed this Agreement as indicated below.
21. EXPIRATION OF OFFER. Buyer shall have until 5:00 p.m. July 31,2007 to
accept the purchase and sale agreement as written, by delivering a signed copy thereof to the Seller
or the Seller's agent. If Buyer does not so deliver a signed copy within said period, this agreement
REAL ESTATE PURCHASE AND SALE AGREEMENT
Sheldon Blvd.
Page 4 of5
shall lapse and all right of the parties hereunder shall terminate.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date set
forth below.
SELLER:
BUYER:
TIFERET, LLC.
By:
naging member
Dated: ~- { ('J - 0 I
Dated:
1h/67
/ /
APPROVED AS TO FORM:
REAL ESTATE PURCHASE AND SALE AGREEMENT
Sheldon Blvd.
Page 5 of5
EXHIBIT A
PARCEL A: (TAX ACCOUNT #132401-2-081-2000)
THAT PORTION OF THE FOLLOWING DESCRIBED PROPERTY IN GOVERNMENT LOT 1,
SECTION 13, TOWNSHIP 24 NORTH, RANGE 1 EAST, W.M., IN KITSAP COUNTY,
WASHINGTON, LYING EASTERLY OF MCKENZIE AVENUE MORE P ARTICULARL Y
DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT N 0057'02" E 773.20 FEET AND S 88026'00" E 142.50 FEET FROM
THE SOUTHWEST CORNER OF SAID GOVERNMENT LOT 1; THENCE S 0057'02" W 120 FEET;
THENCE S 88026'00" E TO THE BALANCED GOVERNMENT MEANDER LINE; THENCE
NORTHWESTERLY ALONG SAID MEANDER LINE TO A POINT S 88026'00" E FROM THE
POINT OF BEGINNING; THENCE N 88026'00" W TO THE POINT OF BEGINNING;
EXCEPT SHELDON BOULEVARD.
AND EXCEPT ANY PORTION LYING EASTERLY OF SHELDON BOULEVARD.
PARCEL B: (TAX ACCOUNT NO. 3784-002-001-0001)
A PORTION OF GOVERNMENT LOT 1, SECTION 13, TOWNSHIP 24 NORTH, RANGE 1 EAST,
W.M., IN KITSAP COUNTY, WASHINGTON, MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
LOT 1, BLOCK 2, PARK PLACE ADDITION TO THE CITY OF BREMERTON, ACCORDING TO
THE PLAT RECORDED IN VOLUME 3 OF PLATS, PAGE 30, RECORDS OF KITSAP COUNTY,
WASHINGTON.
EXCEPT SHELDON BOULEVARD.
Exhibit A
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OWN BY: CHK. BY:
B.J.M. 5.E.0.
DAlE: JOB No.
B/07/06 4395
R W Exhibit Ma
For
Mark Goldberg
EXHIBIT B
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EXHIBIT C
THAT PORTION OF THE FOLLOWING DESCRIBED PARCEL (PROPERTY OF
THE PURCHASER AND EXHIBIT A) WHICH LIES NORTHERLY AND
EASTERLY OF THE FOLLOWING DESCRIBED LINE:
COMMENCING AT A MONUMENT MARKING THE EAST QUARTER CORNER
OF SECTION 13, TOWNSHIP 24 NORTH, RANGE 1 EAST, W.M., IN THE CIty OF
BREMERTON, KITSAP COUNTY, WASHINGTON, BEING A POINT ON THE
CENTERLINE OF PARK AVENUE; THENCE NORTH 0058'27" EAST ALONG THE
CENTERLINE OF SAID P ARK AVENUE 381.47 FEET TO A MONUMENT
MARKING ITS INTERSECTION WITH 12TH STREET; THENCE SOUTH 88023'53"
EAST ALONG THE CENTERLINE OF SAID 12TH STREET 577.05 FEET TO A
MONUMENT MARKING ITS INTERSECTION WITH COGEAN AVENUE;
THENCE NORTH 1010'08" EAST ALONG THE CENTERLINE OF SAID COGEAN
AVENUE 147.37 FEET; THENCE NORTH 88049'52" WEST 15.00 FEET TO THE
WEST RIGHT-OF-WAY LINE COGEAN AVENUE AND THE TRUE POINT OF
BEGINNING; THENCE NORTH 68005'22" WEST 26.23 FEET TO A POINT ON A
198.95 FOOT RADIUS CURVE WHOSE CENTER POINT BEARS NORTH 2054'50"
EAST; THENCE ALONG SAID CURVE TO THE RIGHT THROUGH A CENTRAL
ANGLE OF 49050' 43" FOR AN ARC DISTANCE OF 173.08 FEET TO A POINT OF
TANGENCY; THENCE NORTH 37014'26" WEST 38.00 FEET TO THE EAST LINE
OF LOT 1, BLOCK 2, PARK PLACE ADDITION, AS PER PLAT RECORDED IN
VOLUME 3 OF PLATS, PAGE 30, RECORDS OF KITSAP COUNTY,
WASHINGTON; THENCE CONTINUING NORTH 37014'26" WEST 82.25 FEET TO
THE BEGINNING OF A 16.00 FOOT RADIUS CURVE; THENCE ALONG SAID
CURVE TO THE LEFT THROUGH A CENTRAL ANGLE OF 81037'07" FORAN
ARC DISTANCE OF 22.79 FEET TO THE EASTERLY RIGHT-OF-WAY LINE OF
McKENZIE AVENUE AND THE POINT OF TERMINATION OF THIS LINE.
Exhibit C