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Home My WebLink About201908280129 RECEIVED When recorded return to: SEP 1 0 2019 CITY OF BREMERTON 100 Oyster Bay Ave N City of Bremerton Bremerton, WA 98337 City Attorney's Office LAND TITLE COMPANY 201908280129 Deed Rec Fee: $ 104.50 08/28/2019 10:19 AM Page: I of 2 Paul Andrews, Kitsap Co Auditor STATUTORY WARRANTY DEED Order No.: E2019-402756 THE GRANTOR(S) Larry R. Hall, Trustee of the Neil J Peterson Marital Trust, as Manager and John S. Tracy, Trustee of the Neil J Peterson family Trust, as Manager of THE NEIL J PETERSON FAMILY LLC, a Washington Limited Liability Company for and in consideration of TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION in hand paid, conveys, and warrants to CITY OF BREMERTON, a Washington Municipal Corporation the following described real estate, situated in the County of Kitsap, State of WA: LOT(S) 7, 8, 25, 26, 27 AND 28, BLOCK 1, GOODFELLOW'S NAVY YARD TRACTS, ACCORDING TO THE PLAT RECORDED IN VOLUME 3 OF PLATS, PAGE(S) 52, RECORDS OF KITSAP COUNTY, WASHINGTON; TOGETHER WITH THAT PORTION OF VACATED FORREST STREET ADJOINING WHICH ATTACHES BY OPERATION OF LAW AS PER CITY OF BREMERTON ORDINANCE NO. 4759, RECORDED UNDER AUDITOR'S FILE NO. 200103230041. Tax Parcel Number(s): 3748-001-007-0200 SUBJECT TO SPECIAL EXCEPTIONS numbered 2-3 in Land Title Company of Kitsap County Commitment No. E2019-402756. KITSAP COUNTY TREASURER EXCISE 08/28/2019 2019EX06108 n� Total: $2,230.00 Clerk's Initial IC LPB-10 Page 1 of 2 Dated: August 26, 2019 THE NEIL J PETERSON FAMILY LLC BY: - i% _ f Larr � R. H stee of the Neil J Peterson Marital Trust, as Manager BY: Jo it S. Tracy, Trusteeof the Neil J Peterson family Trust, as Manager STATE OF Gifr COUNTY OF / 4f2 On this 71. day of P P1�'J , 14P/I, I certify that I know or have satisfactory evidence that A_sts-r� /I. , -Et r- J hn 5. 7YAcl;1 f ? t`'__ , is'the persorhwho appeared before me, a d saw person acknowledged that hh-a signed this instrument, on oath stated that�he%sh w honzed to execute� the instrument and acknowledged it as the 77-kt5t{CS' of VAL /tl(--Ll,�• (Pe l' �t 1 1444i if 774-4I f, A S , U—i- .Gc_cJ.�S to be the free and voluntary act of such party for the uses atid purposes mentioned in the instrument. Given under my hand and official seal the day and year last above written. %pill Sig "a - / � ��u1nr»�� l� �o`'��kSTIA,/��'t, E►istine M. Goethals ` G . ,, •. .• MMis .Z.' -'. Print Name ; c.�fGolf so01. y��o Notary Public in and for a State of =m ). ‘�.ca 2 Residing at 4-/G�- t -�,.ul, V0 4,"'.,� My Commission Expires sj3 / /1- j S*,,*•f0? ..." 0)$. ' • ;.. *NHINGT°V.00 LPB-10 Page 2 of 2 American Land Title Association Final ALTA Settlement Statement- Borrower/Buyer Adopted 05-01-2015 Land Title Company of Kitsap County ALTA Universal ID: 5872 9657 Levin Road NW Suite 110 Silverdale, WA 98383 File No./Escrow No. : E2019-402756 14. Print Date &Time: August 28, 2019 11:16 am Officer/Escrow Officer : Cristine M. Goethals O Settlement Location : 9657 Levin Road NW, Suite 110 'p Silverdale, WA 98383 1O Property Address: Parcel NO. 3748-001-007-0200, Oyster Bay Ave G' Bremerton, WA 98312o_ Buyer: CITY OF BREMERTON 100 Oyster Bay Ave N Bremerton, WA 98337 �0 Seller: THE NEIL J PETERSON FAMILY LLC ,p C/O Larry Hall 2135 6th St#101 Bremerton, WA 98312 CSS Lender: Settlement Date: August 28, 2019 Disbursement Date: August 28, 2019 Description Borrower/Buyer Debit Credit Financial Sale Price of Property 125,000.00 Buyer's funds to close 125,976.50 Title Charges and Escrow/Settlement Charges Escrow Fee to Land Title Company of Kitsap County 872.00 Government Recording and Transfer Charges Recording Fees - Deed to Land Title Company of Kitsap County 104.50 Debit Credit Subtotals 125,976.50 125,976.50 Totals 125,976.50 125,976.50 Copyright 2015 American Land Title Association File#E2019-402756/36 All rights reserved Page 1 of 1 Printed on 08/28/19 at 11:16:35AM by laurab LAND TITLE COMPANY OF KITSAP COUNTY LEADERSHIP • TRUST • COMMITMENT Agent for Chicago Title Insurance Company 9657 Levin Road NW, Suite 100, Silverdale, WA 98383 (360)692-2233 Fax: (360)692-2244 CITY OF BREMERTON 100 Oyster Bay Ave N Bremerton, WA 98337 October 18, 2019 Dear CITY OF BREMERTON, Enclosed please find your final policy of title insurance regarding the following transaction: Seller Name: THE NEIL J PETERSON FAMILY LLC Buyer Name: CITY OF BREMERTON, a Washington Municipal Corporation Our File No.: E2019-402756 Property Address: Parcel NO. 3748-001-007-0200, Oyster Bay Ave, Bremerton, WA 98312 Please call us if you have any questions regarding this policy. For your convenience please use our toll-free number: 1-800-950-4321 Thank you for allowing Land Title Company of Kitsap County to serve you. We appreciate your business! Sincerely, Land Title Company of Kitsap County KEEP THIS POLICY IN A SAFE PLACE For fast service on future sales or loans on this property present this letter to your realtor or lender. Policy Cover Letter E2019-402756 0 CHICAGO TITLE INSURANCE COMPANY* Policy No.: 7374-1-E2019-402756-2019.7230647-217979118 OWNER'S POLICY OF TITLE INSURANCE Issued by CHICAGO TITLE INSURANCE COMPANY Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE 5. The violation or enforcement of any law, ordinance, EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE permit, or governmental regulation (including those B, AND THE CONDITIONS, CHICAGO TITLE INSURANCE relating to building and zoning) restricting, COMPANY, a Florida corporation, (the "Company") insures regulating, prohibiting, or relating to as of Date of Policy and, to the extent stated in Covered (a) the occupancy, use, or enjoyment of the Land; Risks 9 and 10, after Date of Policy, against loss or (b) the character, dimensions, or location of any damage, not exceeding the Amount of Insurance, sustained improvement erected on the Land; or incurred by the Insured by reason of: (c) the subdivision of land; or 1. Title being vested other than as stated in Schedule (d) environmental protection A. if a notice, describing any part of the Land, is recorded in the Public Records setting forth the 2. Any defect in or lien or encumbrance on the Title. violation or intention to enforce, but only to the This Covered Risk includes but is not limited to extent of the violation or enforcement referred to in insurance against loss from that notice. (a) A defect in the Title caused by 6. An enforcement action based on the exercise of a (i) forgery, fraud, undue influence, duress, governmental police power not covered by Covered incompetency, incapacity, or Risk 5 if a notice of the enforcement action, impersonation; describing any part of the Land, is recorded in the (ii) failure of any person or Entity to have Public Records, but only to the extent of the authorized a transfer or conveyance; enforcement referred to in that notice. (iii) a document affecting Title not properly 7. The exercise of the rights of eminent domain if a created, executed, witnessed, sealed, notice of the exercise, describing any part of the acknowledged, notarized, or delivered; Land, is recorded in the Public Records. (iv) failure to perform those acts necessary to 8. Any taking by a governmental body that has create a document by electronic means occurred and is binding on the rights of a purchaser authorized by law; for value without Knowledge. (v) a document executed under a falsified, 9. Title being vested other than as stated Schedule A expired, or otherwise invalid power of or being defective attorney; (a) as a result of the avoidance in whole or in part, (vi) a document not properly filed, recorded, or or from a court order providing an alternative indexed in the Public Records including remedy, of a transfer of all or any part of the failure to perform those acts by electronic title to or any interest in the Land occurring means authorized by law; or prior to the transaction vesting Title as shown (vii)a defective judicial or administrative in Schedule A because that prior transfer proceeding. constituted a fraudulent or preferential transfer (b) The lien of real estate taxes or assessments under federal bankruptcy, state insolvency, or imposed on the Title by a governmental similar creditors' rights laws; or authority due or payable, but unpaid. (b) because the instrument of transfer vesting Title (c) Any encroachment, encumbrance, violation, as shown in Schedule A constitutes a variation, or adverse circumstance affecting the preferential transfer under federal bankruptcy, Title that would be disclosed by an accurate state insolvency, or similar creditors' rights and complete land survey of the Land. The laws by reason of the failure of its recording in term "encroachment" includes encroachments the Public Records of existing improvements located on the Land (i) to be timely, or onto adjoining land, and encroachments onto (ii) to impart notice of its existence to a the Land of existing improvements located on purchaser for value or to a judgment or adjoining land. lien creditor. 3. Unmarketable Title. 10. Any defect in or lien or encumbrance on the Title or 4. No right of access to and from the Land. other matter included in Covered Risks 1 through 9 7230647 ALTA Owners Policy 06/17/06 w-WA Mod_306 !!! Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any ~„,.",., derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1 of 5 that has been created or attached or has been filed deed or other instrument of transfer in the Public or recorded in the Public Records subsequent to Records that vests Title as shown in Schedule A. Date of Policy and prior to the recording of the The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, CHICAGO TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. CHICAGO TITLE INSURANCE COMPANY Countersign-.• OF By: 404.... _ " - •Authorized Officer or Agent Alp :� qN ua By: , 4 /........0, Steven D. Green Land Title Company of Kitsap County 9657 Levin Rd NW Suite 100 ,_ .3>. D PO Box 2737 President Silverdale, WA 98383 � . ., Tel:360-692-2233 _4.*,,..,,i,„ , Fax:360-692-2244 4' ,..-.`` Attest: ".( 'e-,40(04,4444--' Secretary EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the (b) not Known to the Company, not recorded in the coverage of this policy, and the Company will not pay loss Public Records at Date of Policy, but Known to the or damage, costs, attorneys'fees, or expenses that arise by Insured Claimant and not disclosed in writing to the reason of: Company by the Insured Claimant prior to the date 1. (a) Any law, ordinance, permit, or governmental the Insured Claimant became an Insured under this regulation (including those relating to building and policy; zoning) restricting, regulating, prohibiting, or (c) resulting in no loss or damage to the Insured relating to Claimant; (i) the occupancy, use, or enjoyment of the Land; (d) attaching or created subsequent to Date of Policy (ii) the character, dimensions or location of any (however, this does not modify or limit the improvement erected on the Land; coverage provided under Covered Risk 9 and 10); (iii) the subdivision of land; or or (iv) environmental protection; (e) resulting in loss or damage that would not have or the effect of any violation of these laws, been sustained if the Insured Claimant had paid ordinances, or governmental regulations. This value for the Title. Exclusion 1(a) does not modify or limit the 4. Any claim, by reason of the operation of federal coverage provided under Covered Risk 5. bankruptcy, state insolvency, or similar creditors' rights (b) Any governmental police power. This Exclusion 1(b) laws, that the transaction vesting the Title as shown in does not modify or limit the coverage provided Schedule A, is under Covered Risk 6. (a) a fraudulent conveyance or fraudulent transfer; or 2. Rights of eminent domain. This Exclusion does not (b) a preferential transfer for any reason not stated in modify or limit the coverage provided under Covered Covered Risk 9 of this policy. Risk 7 or 8. 5. Any lien on the Title for real estate taxes or 3. Defects, liens, encumbrances, adverse claims, or other assessments imposed by governmental authority and matters: created or attaching between Date of Policy and the (a) created, suffered, assumed, or agreed to by the date of recording of the deed or other instrument of Insured Claimant; transfer in the Public Records that vests Title as shown in Schedule A. CONDITIONS 1. DEFINITION OF TERMS (b)"Date of Policy": The date designated as'Date of Policy" The following terms when used in this policy mean: in Schedule A. (a)"Amount of Insurance": The amount stated in Schedule (c)"Entity": A corporation, partnership, trust, limited A, as may be increased or decreased by endorsement to this liability company, or other similar legal entity. policy, increased by Section 8(b), or decreased by Sections 10 (d)"Insured": The Insured named in Schedule A. and 11 of these Conditions. (i) The term "Insured" also includes 7230647 ALTA Owners Policy 06/17/06 w-WA Mod_306 Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any =».;:»t derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 2 of 5 (A) successors to the Title of the Insured by estate or interest in the Land, or (ii) an obligation secured by operation .of law as distinguished from purchase, including a purchase money Mortgage given to the Insured. heirs, devisees, survivors, personal representatives, or next of 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED kin; CLAIMANT (B) successors to an Insured by dissolution, The Insured shall notify the Company promptly in writing merger, consolidation, distribution, or reorganization; (i) in case of any litigation as set forth in Section 5(a) of these (C) successors to an Insured by its conversion to Conditions, (ii) in case Knowledge shall come to an Insured another kind of Entity; hereunder of any claim of title or interest that is adverse to (D) a grantee of an Insured under a deed the Title, as insured, and that might cause loss or damage for delivered without payment of actual valuable consideration which the Company may be liable by virtue of this policy, or conveying the Title (iii) if the Title, as insured, is rejected as Unmarketable Title. (1)if the stock, shares, memberships, or other If the Company is prejudiced by the failure of the Insured equity interests of the grantee are wholly-owned by the Claimant to provide prompt notice, the Company's liability to named Insured, the Insured Claimant under the policy shall be reduced to the (2)if the grantee wholly owns the named Insured, extent of the prejudice. (3)if the grantee is wholly-owned by an affiliated 4. PROOF OF LOSS Entity of the named Insured, provided the affiliated Entity and In the event the Company is unable to determine the the named Insured are both wholly-owned by the same amount of loss or damage, the Company may, at its option, person or Entity, or require as a condition of payment that the Insured Claimant (4)if the grantee is a trustee or beneficiary of a furnish a signed proof of loss. The proof of loss must describe trust created by a written instrument established by the the defect, lien, encumbrance, or other matter insured against Insured named in Schedule A for estate planning purposes. by this policy that constitutes the basis of loss or damage and (ii) With regard to (A), (B), (C), and (D) reserving, shall state, to the extent possible, the basis of calculating the however, all rights and defenses as to any successor that the amount of the loss or damage. Company would have had against any predecessor Insured. 5. DEFENSE AND PROSECUTION OF ACTIONS (e) "Insured Claimant": An Insured claiming loss or (a)Upon written request by the Insured, and subject to the damage. options contained in Section 7 of these Conditions, the (f) "Knowledge" or "Known": Actual knowledge, not Company, at its own cost and without unreasonable delay, constructive knowledge or notice that may be imputed to an shall provide for the defense of an Insured in litigation in Insured by reason of the Public Records or any other records which any third party asserts a claim covered by this policy that impart constructive notice of matters affecting the Title. adverse to the Insured. This obligation is limited to only those (g)"Land": The land described in Schedule A, and affixed stated causes of action alleging matters insured against by improvements that by law constitute real property. The term this policy. The Company shall have the right to select counsel "Land" does not include any property beyond the lines of the of its choice (subject to the right of the Insured to object for area described in Schedule A, nor any right, title, interest, reasonable cause) to represent the Insured as to those stated estate, or easement in abutting streets, roads, avenues, causes of action. It shall not be liable for and will not pay the alleys, lanes, ways or waterways, but this does not modify or fees of any other counsel. The Company will not pay any fees, limit the extent that a right of access to and from the Land is costs, or expenses incurred by the Insured in the defense of insured by this policy. those causes of action that allege matters not insured against (h)"Mortgage": Mortgage, deed of trust, trust deed, or by this policy. other security instrument, including one evidenced by (b)The Company shall have the right, in addition to the electronic means authorized by law. options contained in Section 7 of these Conditions, at its own (i) "Public Records": Records established under state cost, to institute and prosecute any action or proceeding or to statutes at Date of Policy for the purpose of imparting do any other act that in its opinion may be necessary or constructive notice of matters relating to real property to desirable to establish the Title, as insured, or to prevent or purchasers for value and without Knowledge. With respect to reduce loss or damage to the Insured. The Company may take Covered Risk 5(d), "Public Records" shall also include any appropriate action under the terms of this policy, whether environmental protection liens filed in the records of the clerk or not it shall be liable to the Insured. The exercise of these of the United States District Court for the district where the rights shall not be an admission of liability or waiver of any Land is located. provision of this policy. If the Company exercises its rights (j) "Title": The estate or interest described in Schedule A. under this subsection, it must do so diligently. (k) "Unmarketable Title": Title affected by an alleged or (c)Whenever the Company brings an action or asserts a apparent matter that would permit a prospective purchaser or defense as required or permitted by this policy, the Company lessee of the Title or lender on the Title to be released from may pursue the litigation to a final determination by a court of the obligation to purchase, lease, or lend if there is a competent jurisdiction, and it expressly reserves the right, in contractual condition requiring the delivery of marketable title. its sole discretion, to appeal from any adverse judgment or 2. CONTINUATION OF INSURANCE order. The coverage of this policy shall continue in force as of 6. DUTY OF INSURED CLAIMANT TO COOPERATE Date of Policy in favor of an Insured, but only so long as the (a)In all cases where this policy permits or requires the Insured retains an estate or interest in the Land, or holds an Company to prosecute or provide for the defense of any action obligation secured by a purchase money Mortgage given by a or proceeding and any appeals, the Insured shall secure to the purchaser from the Insured, or only so long as the Insured Company the right to so prosecute or provide defense in the shall have liability by reason of warranties in any transfer or action or proceeding, including the right to use, at its option, conveyance of the Title. This policy shall not continue in force the name of the Insured for this purpose. Whenever requested in favor of any purchaser from the Insured of either (i) an by the Company, the Insured, at the Company's expense, 7230647 ALTA Owners Policy 06/17/06 w-WA Mod_306 Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any . "... derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. 1#' All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 3 of 5 shall give the Company all reasonable aid (i) in securing the time of payment and that the Company is obligated to evidence,.obtaining witnesses, prosecuting or defending the pay. action or proceeding, or effecting settlement, and (ii) in any Upon the exercise by the Company of either of the options other lawful act that in the opinion of the Company may be provided for in subsections (b)(i) or (ii), the Company's necessary or desirable to establish the Title, or any other obligations to the Insured under this policy for the claimed matter as insured. If the Company is prejudiced by the failure loss or damage, other than the payments required to be of the Insured to furnish the required cooperation, the made, shall terminate, including any liability or obligation to Company's obligations to the Insured under the policy shall defend, prosecute, or continue any litigation. terminate, including any liability or obligation to defend, 8. DETERMINATION AND EXTENT OF LIABILITY prosecute, or continue any litigation, with regard to the matter This policy is a contract of indemnity against actual or matters requiring such cooperation. monetary loss or damage sustained or incurred by the Insured (b)The Company may reasonably require the Insured Claimant who has suffered loss or damage by reason of Claimant to submit to examination under oath by any matters insured against by this policy. authorized representative of the Company and to produce for (a)The extent of liability of the Company for loss or examination, inspection, and copying, at such reasonable damage under this policy shall not exceed the lesser of times and places as may be designated by the authorized (i) the Amount of Insurance; or representative of the Company, all records, in whatever (ii)the difference between the value of the Title as medium maintained, including books, ledgers, checks, insured and the value of the Title subject to the risk insured memoranda, correspondence, reports, e-mails, disks, tapes, against by this policy. and videos whether bearing a date before or after Date of (b)If the Company pursues its rights under Section 5 of Policy, that reasonably pertain to the loss or damage. Further, these Conditions and is unsuccessful in establishing the Title, if requested by any authorized representative of the Company, as insured, the Insured Claimant shall grant its permission, in writing, for (i) the Amount of Insurance shall be increased by any authorized representative of the Company to examine, 10%, and inspect, and copy all of these records in the custody or control (ii)the Insured Claimant shall have the right to have the of a third party that reasonably pertain to the loss or damage. loss or damage determined either as of the date the claim was All information designated as confidential by the Insured made by the Insured Claimant or as of the date it is settled Claimant provided to the Company pursuant to this Section and paid. shall not be disclosed to others unless, in the reasonable (c)In addition to the extent of liability under (a) and (b), judgment of the Company, it is necessary in the the Company will also pay those costs, attorneys' fees, and administration of the claim. Failure of the Insured Claimant to expenses incurred in accordance with Sections 5 and 7 of submit for examination under oath, produce any reasonably these Conditions. requested information, or grant permission to secure 9. LIMITATION OF LIABILITY reasonably necessary information from third parties as (a)If the Company establishes the Title, or removes the required in this subsection, unless prohibited by law or alleged defect, lien or encumbrance, or cures the lack of a governmental regulation, shall terminate any liability of the right of access to or from the Land, or cures the claim of Company under this policy as to that claim. Unmarketable Title, all as insured, in a reasonably diligent 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; manner by any method, including litigation and the completion TERMINATION OF LIABILITY of any appeals, it shall have fully performed its obligations In case of a claim under this policy, the Company shall with respect to that matter and shall not be liable for any loss have the following additional options: or damage caused to the Insured. (a)To Pay or Tender Payment of the Amount of Insurance. (b)In the event of any litigation, including litigation by the To pay or tender payment of the Amount of Insurance Company or with the Company's consent, the Company shall under this policy together with any costs, attorneys'fees, and have no liability for loss or damage until there has been a final expenses incurred by the Insured Claimant that were determination by a court of competent jurisdiction, and authorized by the Company up to the time of payment or disposition of all appeals, adverse to the Title, as insured. tender of payment and that the Company is obligated to pay. (c)The Company shall not be liable for loss or damage to Upon the exercise by the Company of this option, all the Insured for liability voluntarily assumed by the Insured in liability and obligations of the Company to the Insured under settling any claim or suit without the prior written consent of this policy, other than to make the payment required in this the Company. subsection, shall terminate, including any liability or obligation 10. REDUCTION OF INSURANCE; REDUCTION OR to defend, prosecute, or continue any litigation. TERMINATION OF LIABILITY (b) To Pay or Otherwise Settle With Parties Other Than All payments under this policy, except payments made for the Insured or With the Insured Claimant. costs, attorneys' fees, and expenses, shall reduce the Amount (i) To pay or otherwise settle with other parties for or in of Insurance by the amount of the payment. the name of an Insured Claimant any claim insured against 11. LIABILITY NONCUMULATIVE under this policy. In addition, the Company will pay any costs, The Amount of Insurance shall be reduced by any amount attorneys' fees, and expenses incurred by the Insured the Company pays under any policy insuring a Mortgage to Claimant that were authorized by the Company up to the time which exception is taken in Schedule B or to which the Insured of payment and that the Company is obligated to pay; or has agreed, assumed, or taken subject, or which is executed (ii)To pay or otherwise settle with the Insured Claimant by an Insured after Date of Policy and which is a charge or the loss or damage provided for under this policy, together lien on the Title, and the amount so paid shall be deemed a with any costs, attorneys' fees, and expenses incurred by the payment to the Insured under this policy. Insured Claimant that were authorized by the Company up to 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been 7230647 ALTA Owners Policy 06/17/06 w-WA Mod_306 :':!!: Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any .— derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 4 of 5 definitely fixed in accordance with these Conditions, the (c)Any amendment of or endorsement to this policy must payment shall be made within 30 days. be in writing and authenticated by an authorized person, or 13. RIGHTS OF RECOVERY UPON PAYMENT OR expressly incorporated by Schedule A of this policy. SETTLEMENT (d)Each endorsement to this policy issued at any time is (a)Whenever the Company shall have settled and paid a made a part of this policy and is subject to all of its terms and claim under this policy, it shall be subrogated and entitled to provisions. Except as the endorsement expressly states, it the rights of the Insured Claimant in the Title and all other does not (i) modify any of the terms and provisions of the rights and remedies in respect to the claim that the Insured policy, (ii) modify any prior endorsement, (iii) extend the Date Claimant has against any person or property, to the extent of of Policy, or (iv) increase the Amount of Insurance. the amount of any loss, costs, attorneys' fees, and expenses 16. SEVERABILITY paid by the Company. If requested by the Company, the In the event any provision of this policy, in whole or in Insured Claimant shall execute documents to evidence the part, is held invalid or unenforceable under applicable law, the transfer to the Company of these rights and remedies. The policy shall be deemed not to include that provision or such Insured Claimant shall permit the Company to sue, part held to be invalid, but all other provisions shall remain in compromise, or settle in the name of the Insured Claimant full force and effect. and to use the name of the Insured Claimant in any 17. CHOICE OF LAW; FORUM transaction or litigation involving these rights and remedies. (a)Choice of Law: The Insured acknowledges the Company If a payment on account of a claim does not fully cover the has underwritten the risks covered by this policy and loss of the Insured Claimant, the Company shall defer the determined the premium charged therefor in reliance upon the exercise of its right to recover until after the Insured Claimant law affecting interests in real property and applicable to the shall have recovered its loss. interpretation, rights, remedies, or enforcement of policies of (b)The Company's right of subrogation includes the rights title insurance of the jurisdiction where the Land is located. of the Insured to indemnities, guaranties, other policies of Therefore, the court or an arbitrator shall apply the law of insurance, or bonds, notwithstanding any terms or conditions the jurisdiction where the Land is located to determine the contained in those instruments that address subrogation validity of claims against the Title that are adverse to the rights. Insured and to interpret and enforce the terms of this policy. 14. THIS SECTION IS INTENTIONALLY DELETED In neither case shall the court or arbitrator apply its conflicts 15. LIABILITY LIMITED TO THIS POLICY; POLICY of law principles to determine the applicable law. ENTIRE CONTRACT (b)Choice of Forum: Any litigation or other proceeding (a)This policy together with all endorsements, if any, brought by the Insured against the Company must be filed attached to it by the Company is the entire policy and contract only in a state or federal court within the United States of between the Insured and the Company. In interpreting any America or its territories having appropriate jurisdiction. provision of this policy, this policy shall be construed as a 18. NOTICES, WHERE SENT whole. Any notice of claim and any other notice or statement in (b)Any claim of loss or damage that arises out of the status writing required to be given to the Company under this policy of the Title or by any action asserting such claim shall be must be given to the Company at CHICAGO TITLE INSURANCE restricted to this policy. COMPANY, Attn: Claims Department, P.O. Box 45023, Jacksonville, FL 32232-5023. 7230647 ALTA Owners Policy 06/17/06 w-WA Mod_306 Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 5 of 5 ISSUED FROM THE OFFICE OF LAND TITLE COMPANY OF KITSAP COUNTY AS AGENT FOR CHICAGO TITLE INSURANCE COMPANY ALTA OWNER'S POLICY STANDARD SCHEDULE A Name and Address of Underwriter: Chicago Title Insurance Company 1800 5th Avenue, #1800, Seattle, WA 98101 File No.: E2019-402756 Policy No.: 7230647-217979118 Address Reference: Parcel NO. 3748-001-007-0200, Oyster Bay Ave, Bremerton, WA 98312 Amount of Insurance: $125,000.00 Premium: $300.00 Date of Policy: August 28, 2019 at 10:19 AM 1. Name of Insured: CITY OF BREMERTON, a Washington Municipal Corporation 2. The estate or interest in the Land which is encumbered by this policy is: A Fee 3. Title to the estate or interest in the land is vested in: CITY OF BREMERTON, a Washington Municipal Corporation 4. The Land referred to in this policy is described as follows: SEE EXHIBIT "A" ATTACHED HERETO mimms Copyright 2006-2009 American Land Title Association. All rights reserved. AMERICAN LAND TITLE The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ASSOCIATION All other uses are prohibited. Reprinted under license from the American Land Title Association. E2019-402756 CHICAGO TITLE INSURANCE COMPANY Land Title Company of Kitsap County By: , (1g774.41 Alok �$ 634P4 9�F S President ATTEST ry SEA/ v♦ • ►►r. 44 •.•f' Secretary Steven D. Green, Authorized Signatory miumm Copyright 2006-2009 American Land Title Association. All rights reserved. AMERICAN LAND TITLE The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ASSOCIATION All other uses are prohibited. Reprinted under license from the American Land Title Association. E2019-402756 EXHIBIT "A" File No.: E2019-402756 Policy No.: 7230647-217979118 The land referred to in this Policy is described as follows: LOT(S) 7, 8, 25, 26, 27 AND 28, BLOCK 1, GOODFELLOW'S NAVY YARD TRACTS, ACCORDING TO THE PLAT RECORDED IN VOLUME 3 OF PLATS, PAGE(S) 52, RECORDS OF KITSAP COUNTY, WASHINGTON; TOGETHER WITH THAT PORTION OF VACATED FORREST STREET ADJOINING WHICH ATTACHES BY OPERATION OF LAW AS PER CITY OF BREMERTON ORDINANCE NO. 4759, RECORDED UNDER AUDITOR'S FILE NO. 200103230041. Copyright 2006-2009 American Land Title Association. All rights reserved. AMERICAN LAND TITLE The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ASSOCIATION All other uses are prohibited. Reprinted under license from the American Land Title Association. E2019-402756 SCHEDULE B File No.: E2019-402756 Policy No.: 7230647-217979118 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys'fees or expenses)which arise by reason of: GENERAL EXCEPTIONS: A. Rights or claims of parties in possession, or claiming possession, not shown by the Public Records. B. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. C. Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown by the Public Records. D. Any lien, or right to a lien, for contributions to employee benefit funds, or for state workers' compensation, or for services, labor, or material heretofore or hereafter furnished, all as imposed by law, and not shown by the Public Records. E. Taxes or special assessments which are not yet payable or which are not shown as existing lien by the Public Records. F. Any lien for service, installation, connection, maintenance, tap, capacity or construction or similar charges for sewer, water, electricity, natural gas or other utilities, or for garbage collection and disposal not shown by the Public Record. G. Unpatented mining claims, and all rights relating thereto. H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof. I. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. J. Water rights, claims, or title to water. FOR SPECIAL EXCEPTIONS, SEE ATTACHED Copyright 2006-2009 American Land Title Association. All rights reserved. AMERICAN LAND TITLE The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ASSOCIATION All other uses are prohibited. Reprinted under license from the American Land Title Association. E2019-402756 SCHEDULE B II File No.: E2019-402756 Policy No.: 7230647-217979118 SPECIAL EXCEPTIONS: 1. Agreement, including its terms, covenants and provisions: Recorded: May 16, 1966 Auditor's File No.: 876891 For: grades and slopes on Lot 25 2. Reservation to an easement to Puget Sound Energy for operation, maintenance and repair of power lines over, under and upon that portion of vacated Forrest Street adjoining as per City of Bremerton Ordinance No. 4759 recorded under Auditor's File No. 200103230041. JT/jt END SCHEDULE B OWNER'S POLICY ENDORSEMENTS: NONE Imimm Copyright 2006-2009 American Land Title Association. All rights reserved. AMERICAN LAND TITLE The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. ASSOCIATION All other uses are prohibited. Reprinted under license from the American Land Title Association. E2019-402756 I 7/31/2019 Assessor Map Full-GeoAdvantage by Sentry Dynamics ,.�' ' I 11111111111111 1 11I11i11111111 1 is 015-00 i115-1-071— ti it,z.ltLbLlt,lsk_iz.l6 Is 14_,.4 12 1LJ I079-01s le lia 20 3T Iff FI "77 1 ' 74 ```' , l { ! I I 1 l 1 1 I 11 I 1I1 '� II1l1j ( 111II 085 014-00 11_I 71061 I I I R i f i 1 aI 1 I 1 (01101 1 1 rj —1-....., � I I I 1 1 1.� f � l l \_ 0r3 00 042 @' .,,yy i4 113 JY In 1(0 1➢. 8 I T'.16 IS 14 I, 12 17 ! 0( 6th STREET 1: ...... '^c h 13 116 117 1t8 I8 120121 12L 122 124 115 P8127178 IIIII11IIIIIII ‘ � I111111II1I1I 009-00 rn I 1 I Li I 018-00 ! ' in I I 140th -11 1_ 1111111111111 1 Z 11111111111111 ++ 10 25 1.-. a 1.!uit2.�1Zbe�g_1g 17_ 1 m 5th STREET _ 271 3777-004 I 8 `I 1 ! 0T-0i"< — III 200404300121-A j 1 7 -1 2,T1 — 015-01 r a 20 � 3777-003 46-00 1 L , Jill .I 031-00 3777-002 : a 4s ,.._,046-0011 o4s-0o 45' 001-01 I 045-00 200404300121-8 1 44' 001-01 3777-001I 200804080048-1 044-00 ' I i i DOLL 15 22 N 043-00 84 , "--"F 7, _ ,_________ ..._ _____ ____ o08-0I_ ni._ r z -h1 r _2 i ParcellD: 37480010070200 Bremerton, 98312 -,,LAND TITLE COMPANY.- This map/plat is being furnished as an aid in locating the herein described land in .................4 %57 Levin Rd NW.Suite 100-Silverdale,WA 98383 relation to adjoining streets, natural boundaries and other land, and is not a survey Phone_360892.2233or800.950.4321 Fax 360.692 2244 of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon. clients.sentrydynamics.net/AssrMap/Full?parcelid=37480010070200&cnty=WA_Kitsap 1/1