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HomeMy WebLinkAbout9508090091 Filed for Record at Request of: When Recorded Return to: ~6 ~ ~ 1:~ ~a~e 8~e~e~to~ City Cle~ CLERK;~,~-~'~,~ '~ Address 239 Fourth Street ~- ~- ~ REEL 0671 FR B~eme~o~. ~asbi~oto~ STATUTORY WARRANTY DEED (For Use in the State of Washington Only) THE GRANTOR, DUSTIN T. ADAMS, a single person, for and in consideration of good and valuable consideration, conveys and warrants to the CITY OF BREMERTON, a municipal corporation, the following described real estate, situated in the County of Kitsap, State of Washington: PARCEL I: LOT 14, BLOCK 2, OLE HANSEN'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. PARCEL II: ~~2! AN EASEMENT FOR INGRESS AND EGRESS ACROSS THE SOUTH 12 FEET OF THE FOLLOWING DESCRIBED PROPERTY: LOT 13, BLOCK 2, OLE HANSEN'S NAVY YARD ADDITION, 'ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, 'PAGES 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT ,THE WESTERLY 10 FEET THEREOF. DUSTIN T. ADAMS STATE OF WASHINGTON) COUNTY OF-~,~-~ ss. On this~date, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, STATUTORY WARRANTY DEED --1-- ADAMS.SWD - West Hflls Closings - 7/1~/95 personally appeared DUSTIN T. ADAMS, to me known to be the individual described in and who executed the within and foregoing instrument, and acknowledged that she signed the same as her free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this c~z~%__ da%l~V~ , 1995. .~ ~ . .. ~kary ~gbli~ in a~ for t~ S~t~LD~i~/~. ~ residing a~~~ My appointment expires: ; O/~ ..... . A.F.#: 9508U 00 1 REEL 0 71 FR 0597 STATUTORY WARRANTY DEED -2- ADAMS.SkID - ~est HiLts Closings - 7/13/95 AGREEMENTS FORMS DISK REPSAI.AGT REAL ESTATE PURCHASE AND SALE AGREEMENT ~i!] Improved Property .! __ THIS CONTRACT CONTROLS THE TERMS OF THE SALE OF THE -~ PROPERTY. READ CAREFULLY BEFORE SIGNING. '" THE CITY OF BREMERTON, a Washington municipal corporation, ~(hereinafter called "Purchaser") hereby agrees to purchase and the C~undersigned Sellers hereby agree to sell the following described real estate located in the City of Bremerton, County of Kitsap, commonly known as 1328 COTTMAN STREET, BREMERTON, WA 98312 , and legally described as follows: SEE ATTACHED EXHIBIT "A" 1. PURCHASE PRICE: The total purchase price is NINETY THOUSAND, SIX HUNDRED Dollars ($90,600.00 ). 2. CONDITION OF TITLE: The title is to be free of all enc~?~hrances or defects except: Rights reserved in federal patents or state deeds, building or use restrictions general to the area, existing easements not inconsistent with Purchaser's intended use, and building or zoning regulations or provisions shall not be deemed enc~hrances or defects. Enc~mbrances to be discharged by Sellers may be paid out of purchase money at date of closing. ~ shall furnish ~ a Washington Land Title Association Standard Form Owner's or Purchaser's Policy of Title Insurance in the amount of the purchase price. Sellers authorize the city Attorney to apply as soon as practical for such title insurance, and as soon as reasonably possible, Purchaser ..... ~ ~= .... T~tl co--~tment .... ~.- ) The title policy to be issued shall contain no exceptions other than those provided in said standard form plus encumbrances or defects noted in paragraph 1 above. If title is REAL ESTATE PURCHASE AND SALE AGREEMENT --1-- R~PSA2.AGT - Agreement Forms - 3/13/95 not so insurable as above provided and cannot be made so insurable by the termination date set forth herein, this agreement shall terminate; provided, however, that Purchaser may waive defects in writing and elect to purchase. 4. DEFAULT: If either party defaults (that is, fails to perform the acts required of that party) in that party's contractual performance kerein, the non-defaulting party may seek specific performance pursuant to the terms of this agreement, damages, or rescission. 5. PRO-RATION: Taxes for the current year, rents, insurance, interest, water and other utilities constituting liens shall be prorated as of date of closing. Purchaser shall pay for remaining oil in fuel tank, the amount to be determined by the supplier. 6. POSSESSION: Sellers shall deliver possession to Purchaser on closing, or /~ days after closing. Sellers agree to pay Purchaser the sum of $ ~Z for each day of possession beyond date of closing. Possession shall be deemed given when Sellers have vacated the premises and delivered the keys to same to Purchaser or to closing agent. Said payment shall be the sole responsibility of Sellers. 7. CONDITION OF PROPERTY: Purchaser offers to purchase the property in its present condition on the terms noted. Sellers hereby warrant that to the best of their knowledge the premises described herein and the improvements thereon do not violate the applicable building or zoning regulations and that they are unaware of any material defect in the premises or improvements thereon with the exception of the following, to-wit: None. 8. TIME FOR ACCEPTANCE: Purchaser's offer is made subject to acceptance of sellers on or before Twelve o'clock midnight on 9. TIME FOR CLOSING - RESPONSIBILITIES OF PARTIES: The sale shall be closed in the office of the Bremerton city Attorney within 45 days after preliminary commitment for title policy is delivered showing title insurable, as above provided, but in any event not later than the ~b day of C~ , 19 f~- , upon which date the agreement shall/terminate. The PurChaser and Sellers shall deposit with the Bremerton city REAL ESTATE PURCHASE AND SALE AGREEMENT -2- REPSA2.AGT - Agreement Forms - 3/13/95 Attorney all instruments, documents and monies necessary to complete the sale in accordance with this agreement. 10. CLOSING COSTS AND PRORATIONS: The Sellers agree to pay for the costs of clearing the Sellers' title to the sale property, including any delinquent property taxes, the owner's standard title insurance policy, and any real estate excise tax related to the sale property. Real estate taxes for the year of closing, and utilities constituting liens against the property, shall be prorated as of closing. Any assessments shall be paid by the respective Sellers. 11. DATE OF CLOSING: For purposes of this agreement, "date of closing" shall be construed as the date upon which all appropriate documents are recorded and proceeds of this sale are available for disbursement to Sellers. Funds held in reserve accounts pursuant to escrow i-_~,structions shall be deemed, for purposes of this definition, as available for disbursement to Sellers. 12. RISK OF LOSS: If prior to closing, improvements on said premises shall be destroyed or materially damaged by fire or other casualty, this agreement at option of Purchaser shall become null and void. If Purchaser elects to continue, all insurance proceeds, if any, shall be payable to Purchaser. 13. PERSONAL PROPERTY: All attached floor coverings, attached television antenna, window screens, screen doors, storm windows, storm doors, plumbing and lighting fixtures (except floor, standing, and swag lamps), shades and venetian blinds, curtain rods, attached bathroom fixtures, trees, plants, shrubbery, water heating apparatus and fixtures, awnings, ventilating, cooling and heating systems including built in and "drop in" ranges (but exceeding all other ranges) and all other fixtures that are now on the premises shall be included in the sale unless otherwise provided herein. 14. ATTORNEYS' FEES: If either party hereto is required to retain an attorney to bring suit or seek arbitration to enforce any provisions of this agreement, said party shall be entitled to reasonable attorneys' fees regardless of whether the matter proceeds to judgment or is resolved by defaulting party curing default. 15. ENTIRE AGREEMENT: There are no other verbal or other agreements which modify or affect this agreement. Time is of the REAL ESTATE PURCHASE AND SALE AGREEMENT -3- Pd~PSA2.AGT - Agreement Forms - 3/13/95 essence of this agreement. Ail subsequent modifications or waivers of any condition of this agreement shall be in writing and signed by the appropriate parties. c TY oF ~/ ~/~ BY: ~ ~.~Ma or Date LY~ HORT N, y PURCHASER DEPARTME~~ W. EUGEN~$A~PL~,-- ir~_~e~r of Public Works & Utilities /~S ?, FORM: APPRO%~ ~ R. SIEURS, City Attorney Purchaser' s Address: Bremerton city Hall Attention: Kathleen L. McCluskey, Clerk 239 Fourth Street Bremerton, Washington 98337 Purchaser's Phone: (206) 478-5290 On this date /~,~ 2~;/~ , ~ hereby approve and accept the sale set forth in the above agz'eement and agree to carry out all the terms thereof on thereof the Sellers~4~ Sellers' Address: Seller's Phone: REAL ESTATE pURCHASE AND SALE AGREEMENT -4- REPSA2.AGT - Agreement Forms - 3/13/95 A true copy of the ,$oregoing agr~=~%ent s~g~ed by Sellers is hereby received on 7~t Bremerton City Attorney\ Agent for Purchaser RECEIVED FOR FILING: KATHLEEN L. McCLUSKEY, CITY CLERK REAL ESTATE PURCHASE AND SALE AGREEMENT -5- REPSA2.AGT - Agreement Forms - 3/13/95 EXHIBIT "A" ORDER NO.: 32011535 LOT 14, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, IN KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. TOGETHER WITH AN EASEMENT FOR INGRESS AND EGRESS ACROSS THE SOUTH 12 FEET OF THE FOLLOWING DESCRIBED PROPERTY: LOT 13, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, iN KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. END OF EXHIBIT "A" AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY ' (10-17-92) 48 0025 106 02220 CHICAGO TITLE INSURANCE COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, CHICAGO TITLE INSURANCE COMPANY, a Missouri 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, sustained or incurred by the insured by reason of: I. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a right of access to and from the land. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but only to the extent provided in the Conditions and Stipulations. In Witness Whereof, CH1CAGOT1TLEINSURANCE COMPANY has caused this policy to be signed and sealed as of Date of Policy shown in Schedule A, the policy to become valid when countersigned by an authorized signatory. Issued by: LAND TITLE COMPANY CHICAGO TITLE INSURANCE COMPANY OF KITSAP COUNTY, INC. By: 400 Warren Avenue By: Secretary This form is your receipt when stamped PLEASE TYPE OR PRINT REAL ESTATE EXCISE TAX AFFIDAVIT by cashier. PLEASE SEE REVERSE Form No. 84 000lA CHAPTER 82.45 RCW - CHAPTER 45861 WAC For Use at Counly Treasurer's Office (Usc Form No. 844~001B for Rcponing Transfers of ControRing Interest of Entity Ownership to thc Department of Revenue) THIS AFFIDAVIT l~rlLU NOT BE ACCEPTED UNLESS ALL AREAS 1--7 ARE FULLY COMPLETED .... [] Name CIIY 9F ]~ Name PlISTIN T J~. Brerrerton State "~ Zip ~ '>J" *J City ,,I em~ t'toP, state ~A Zip 98337 [] ADDRESS TO SEND ALL PROPERTY TAX RELATED CORRESPONDENCE ALL TAX PARCEL NUMBERS City of Cre~ertoq ~,'-, -, l]q-,.Of~3 Street 235 Fe'Jrth 5tree[ ~remerton, !,'ashi noton City/State Zip ',',,',',,',, t:rel,~rton ~ LEGAL DESCRIPTION OF PROPERTY SITUATED Hq [] UNINCORPORATED COUNTY OR IN CITY OF Street Address (if property is improved): ] ]~L Cot~ffl~fi _qtP~t P~ease see ottached Exh~b~ "~" ~Is this property currently: YES NO ~Description of tangible personal property if included in sale (furniture, Classified or designated as forest land? [] j~ appliances, etc.) Chapter 84.33 RCW Classified as current use land (open space, farm [] and agricultural, or timber)? Chapter 84.34 RCW Exempt from property tax as a nonprofit [] ~ If exemption claimed, list WAC number and explanation. organization? Chapter 84.36 RCW WAC No. (Sec/Sub) Seller's Exempt Reg. No. -- Receiving special valuation as historic [] ~;~ Explanation property under? Chapter 84.25 RCW Property Type: [] land only [] land with new building Y, tatuterv [] land with previously used building [] land with mobile home Type of Documcnt [] timber only [] building only J(t~ V ?'t · 1)')[ Principal Use: [] Apt. (4 + unit) ~] residential Date of Document [] timber [] agricultural [] commercial/industrial Gross Sale Price $ [] other Personal Property (deduct) $ I~1 (1) NOTICE OF CONTINUANCE (RCW 84.33 or RCW 84.34) Taxable Sale Price $ Excise Tax State $ If the new owner(s) of land that is classified or designated as current usc Local $ or forest land wish to continue the classification or designation of such land, the new owner(s) must sign below. If the new owner(s) do not desire Delinquent Interest: State $ to continue tach classification or designation, all compensating or additional Local $ tax calculated pursuant to RCW 84.33.120 and 140 or RCW 84.34.108 shall ' be due and payable by the seller or transferor at the time of sale. The county Delinquent Penalty: State $ assessor must determine if the land transferred qualifies to continue Total Due $ classification or designation and must so indicate below. Signatures do THERE IS A $21)0 FEE FOR PROCESSING THIS FORM IF NO TAX IS DUE not necessarily mean the land will remain in classification or designation. If it no longer qualifies, it will be removed and the compensating taxes [] AFFIDAVIT will be applied. All new owners must sign. I certify under penalty of perjury under the laws of the state of This land [] does [] does not qualify for continuance. Washington that the foregoing is true and correct. Date Signature of >, ' DEPUTY ASSESSOR Grantor/Agent, , t 31 C,I D4t. (2) NOTICE OF COMPLIANCE (Chapter 84.26 RCW) Name (print) If the new owner(s) of property with special valuation as historic property ' 1~ ~ ] V . wish to continue this special valuation the new owner(s) must sign below. Date & Place of Signing If the new owner(s) do not desire to continue such special valuation, all b~P~ m,~rt on, ~'/~ additional tax calculated pursuant to Chapter 84.26 RCW, shall be due Signature of and payable by the seller or transferor at the time of sale. Grantee/Agent (3) OWNER(S) SIGNATURE Name (print) duly 'L, Date & Place of Signing PERJURY: Perjury is a class C felony which is punishable by imprisonment in a state correctional institution for a maximum term of not more than five years, or by a fine in an amount fixed by the court of not more than five thousand dollars ($5,000.00), or by both imprisonment and fine (RCW 9A.20.020 (lC)). FOR TREASURER'S USE ONLY TAXPAYER FORM REV 84 000lA (12-93) (PD 12-17-93) EXHIBIT PARCEL I: LOT 14, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. PARCEL II: AN EASEMENT FOR INGRESS AND EGRESS ACROSS THE SOUTH 12 FEET OF THE FOLLOWING DESCRIBED PROPERTY: LOT 13, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGES 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. SELLER'S CLOSING STATEMENT 1328 COTTMAN STREETv BREMERTONv WASHINGTON SELLER: DUSTIN T. ADAMS PURCHASER~ CITY OF BREMERTON LEGAL DESCRIPTION: PARCEL I: LOT 14, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. PARCEL II: AN EASEMENT FOR INGRESS AND EGRESS ACROSS THE SOUTH 12 FEET OF THE FOLLOWING DESCRIBED PROPERTY: LOT 13, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGES 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. AMOUNTS DUE/PAID SELLER Total Purchase Price $90,600.00 Less Mortgage Payoff Balance to STM Mortgage Company (See Exhibit "A" attached) (53,238.52) Cash payment payable to Seller at Closing $37,361.48 REDUCED BY Seller's Closing Costs: Title Insurance Premium (Land Title Insurance Company) $ 370.78 1% Real Estate Excise Tax (1.78% - Kitsap County Treasurer) 1,612.68 Second half Kitsap County Property Taxes owing for 1995 - amount shown is amount owing from 7/1/95 through 7/21/95 - quoted by Kathy Thompson of the Kitsap County SELLER'S CLOSING STATEMENT --1- ADAMS.SCS - ~/est HiLLs CLosings - 7/17/95 Treasurer's Office (Kitsap County Treasurer) 88.59 Reconveyance Fee for reconveyance of Deed of Trust dated 11/25/92 held by STM Mortgage Company (Stewart Title Company of Kitsap County, Inc., Trustee) 42.00 Total Seller's Closing Costs $2,114.05 (2.114.05) TOTAL CASH PROCEEDS PAYABLE TO SELLER AT CLOSING $35,247.43 NOTE~ It is understood and agreed by all parties hereto that this closing statement is subject to audit and should there be any errors or omissions, they are to be corrected. Further, if any legitimate monetary error is discovered, it is to be assessed and immediately collected from the party or parties liable therefor. ACCEPTED AND APPROVED this 2/ day of ~ ~ , 1995. DUSTIN T. ADAMS SELLER' S CLOSING STATEMENT --2- ADAMS.SCS - West H~LLs C[osfngs - 7/17/95 JUL 1~ '95 12:18 FROM TO 36~,~785161 PAGE.001 EXHIBIT "A" COPY STM MORTGAGE COMPANY 1250 M,ocki~bird Lane · Dall~, Tcx~ 75247 * 2M 631-3200 PAYOFF STATEM]~T ~Uly 13, 1995 **PLEASE REMIT PAYOFF FUNDs** Fax 360 478 5161 ***TO THE ABOVE ADDRESS*** lan R. S~evers ~$~yAttorDey Loan No: Loan .TyI~.: Xnvestor/Branch. 809/$O ~orcg~qor: . T Adams Prope~y Address. 1328 W Cottman St Bre~er~on WA 98312 { $ loan is due for ~he ~are~sFsnt total unpaid September 91. 1~95 ~p.ayment. e~c at 8.00000% prln=ipal naiance is. $ 53,355.46 ~ecordlnq Fee · -116.94 ~.a~ ~e P/O Statment .00 ~/u ucmt Update Fee .00 * * * * TO~ ~o~ ~ PAY ~OA. ~, Fu~ * . · . . Fun~]~F~geived_on or ~t~r 12;00 PM July 21, 1995 will re are an -uu~c~onal ~ 11.69 1nearest nec D~- qu' If ayo£f funds are r~ ~ ~ ' ' . o~e e~ved the fol16~tn9 ~onth of the se_~ur.~_~i~_ely Fec_~ei~t ~nd avoid a~itional interest by the time -~ uu may s~euu co rorwara certified fun night ~e~ivery service or call -o~a_= ..... ~s,_by_megn~ Of.an over The~e figures are sub,sot to final verification u · by_the n6teholder. N~tehold ............... PPn r@ce~pt of funds re=use funds fnsuff~-~-~ *~-t~3~&¥~? c~e ragnc ~o aujust fi es =al~iation or previously dis~ore~ cheok:[ any reason much as error in c~a~},~$¢(gw, balanoa is subject to audit a.~ ~/or olsDursements from the account ~7¥~'T~ ~ange~d~e ~o. Fecelpts ~.~.u~_e~t esg~ow b$1ance of $ 451.01=~ .... -~ uay after final payment is rece~dT- refunded on the 21st l~uagce of .~hls statement does ~9~ su~p~n~ th~ contract rec~alrement to a~e cna mortgage PaYments when assewsed 15 days a~r'a current ~myment ~.ue aha ShOUld be added to the payoff total if received aYt~r that Tg obtain an updated statement fax your r!que}~ to t. he p~yo~ depaFtment ~ 214-630-815~. If ~his property is sola, please provlue ~ne sslier,s ~orwardin9 address. The D~erenc, Iz Serwc¢ ** TOTAL PA~E,001 ** PURCHASER'S CLOBING STATEMENT 1328 COTTMAN STREETt BREMERTONt WA. SELLER: DUSTIN T. ADAMS PURCHASER: CITY OF BREMERTON LEGAL DESCRIPTION: PARCEL I: LOT 14, BLOCK 2, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. PARCEL II: AN EASEMENT FOR INGRESS AND EGRESS ACROSS THE SOUTH 12 FEET OF THE FOLLOWING DESCRIBED PROPERTY: LOT 13, BLOCK 2, OLE MANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGES 56, RECORDS OF KITSAP COUNTY, WASHINGTON; EXCEPT THE WESTERLY 10 FEET THEREOF. AMOUNTS DUE/PAID SELLER Total Purchase Price $90,600.00 Cash payment payable to Seller at Closing $90,600.00 ADD Purchaser's Closing Costs to Cash Payment Payable at Closing: Recording Fee for Statutory Warranty Deed (Kitsap County Auditor) $8.00 Total Purchaser's Closing Costs $8.00 8.00 TOTAL CASH REQUIRED FROM PURCHASER TO CLOSE $90.608.00 NOTE: It is understood and agreed by all parties hereto that this closing statement is subject to audit and should there be any errors or omissions, they are to be corrected. Further, if any legitimate PURCHASER'S CLOSING STATEMENT --1- ADAMS.PCS - ~4est Hi[Is CLosings - 7/17/95 monetary error is discovered, it is to be assessed and immediately collected from the party or parties liable therefor. ACCEPTED AND APPROVED this /~ day of<~ , 1995. C~O~ ~RTdN By~;~c~ IAN R. ~IEVERS Bremerton City Attorney PURCHASER'S CLOSING STATEMENT --2- ADAMS.PCS - West H~[ls CLosings - 7/17/95 ¢©PY IAN R. SIEVERS, City Attorney 239 4th Street · Bremerton. ~,,.~ 98337 · (360) 4'~-$345 · FAX (360) 478-$161 July 20, 1995 f3ENT VIA "UP/3 NEHT DAY STMMortgage Company 1250 Mockingbird Lane Dallas, Texas 75247 ATTENTION: PAYOFF DEPARTMENT Re: Dustin T. Adams, Borrower - SSN: 544-02-4321 Property Address: 1328 Cottman Street Bremerton, WA. 98312 Loan No. 192180-8 - Loan Type: VA Investor/Branch: 809/60 VA Guaranty No. LH413561WA Dear Sir or Madam: The City of Bremerton has purchased the above-referenced property from Dustin T. Adams. I have enclosed a check herein for the amount of $53,238.52, which is the payoff balance for Loan No. 192180-8 as of July 21, 1995 (closlng date for the transaction between Dustin T. Adams and the City of Bremerton), pursuant to that Payoff Statement dated July 13, 1995, received from STM Mortgage Company. I have enclosed a copy of said Loan Payoff Quote herein for your reference· Please apply the enclosed check to the above-referenced loan on the 21st day of July. The payment of this loan in full that Deed of Trust dat~ ....... is pursuant to , =~ ~uvem~er 25, 199~, between Dustin T. Adams, a $1ngle person, as Grants . ? California Corporation .~ ~i_~ ~edall~on Mortgage Company, 1nterest in said heed of %rr~ t~'~[*Cl~ry~ - T~e Beneficiary,s November 1. 1993 t. e~. ,--~--~ asslgneu Dy Instrument date~ · I have attached a copy of the Deed of Trust and Assignment of Mortgage/Deed of Trust hereto for your reference. In the event Request for Reconveyance for the above-r of Trust {m ~ot s~-~ ~- -~ .... eferenced Dee~ ~ --~ -~ ~u True=od, p~easo bo forwarded to the C~t~ ~- ~ ........ sure that ~t ~e ~:~n.a~. Any ..orow ~alano. r.fund .houl~ b...at to Dust,. · ('ch'hrating $0 M.,ar% of' Frtx-Mom · ~ Please do' not hesitate to call our office should you have any ~:~,~: .' iquestions '~n this regard. ~ Thank you for your assistance. ': ~?'r Sincerely,. JACKIE R. ~0~ ~gal Assistant Enclosures: as cited cc: ~. Dustin T. Adams ',^,.~',~.,,o,.-~-~ DEED OF TRUST NOTICE: TI{IS LOAN IS NOT AS~U~IABLE WITI1OUT TIIE APPROVAL OF TIlE DEP~TME~ OF VETE~S A~ OR ITS A~HORIZED A~E~. The attached ~DER is mnde a p~rt of th~5 instrument. 9951 MIC~LB~Y ~- N.W. ~201, SILV~E, WA 98~ Sl2,~KII~AP ~Y STC F!L~Y: STE~IART TiT~ CO ~C 8, t~2, 2:~ P~ CL~; LO~}I ~. F. ~: 92~2080232 convey or cause ~ I~ reT..~ o~ r~veyd Il any li~?l ~ ~y ~ or ~ :~tty d~n~ ~/~n..~* ~ r~ fS~gn O~glnat Only) RECORDED M.ML TO: ~J~,CAgSos~ REFL O~8B FR 2448 V.A. ASSUMPTION POLICY RIDER NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS _] AFFAIRS OR ITS AUTHORIZED AGENT. /I. F. =if: ~22:t20811232 ~.~EF! 0&88 FR 244~ I~T 13, BLOCK 2, OL£ HANSO~'S NAVY YARD ADDITIOn, ACCORDING ./- ~ '.':i~ .. A.F.%: ~2~20802~2 REEL O&~8 FR 2450 1AN R. SIEVERS, City Attorney 239 4th Street · Bremerton, WA 98337 · (360) 478-5345 · FAX (360) 473-5161 DATE: May 19, 1995 TO: Kathleen McCluskey, Director of Administrative Services FROM: Jackie Cronk, Legal Assistant~ RE: 1328 Cottman Street Dustin Adams/City of Bremerton Transaction Please find attached hereto the Preliminary Title Insurance Policy received from Land Title Company regarding the City's upcoming purchase of the above-referenced property. This transaction is pursuant to that Real Estate Purchase and Sale Agreement between Dustin Adams and the City of Bremerton dated May 8, 1995. Please call our office if you have any questions in this regard. · Celebrating 50 Years of Freedom · ~ OF B~ ~IAN R. SIEVERS, City Attorney 239 4th Street ,, Bremerton, WA 98337 ,, 060) 478-5345 * FAX (360) 478-5161 DATE: January 17, 1996 TO: Kathleen McCluskey, Administrative Services Director FROM: Jackie Cronk, Legal Assistant~\ RE: 1328 Cottman Avenue Adams/City of Bremerton Transaction Please find attached hereto the Title Insurance Policy issued by Land Title Company with regard to the City's purchase of the above-referenced property. Please call our office if you have any questions in this regard. · Celebrating 50 Years of Freedom ~IAN R. SIEVERS, City Attorney 239 4th Street * Bremerton, WA 98337 · (360) 478-534S · FAX (360) 478-5161 DATE: August 23, 1995 TO: Kathleen L. McCluskey, Administrative Services Director FROM: Jackie Cronk, Legal Assistant'-~c~ RE: 1328 Cottman Street, Bremerto~n~, Washington Adams/City of Bremerton Transaction The above-referenced real estate transaction has now been closed. I have attached hereto the following for your information and file: 1. Original Statutory Warranty Deed between Dustin T. Adams, as Seller, and City of Bremerton, as Purchaser, together with corresponding 1% Excise Tax Affidavit receipt; 2. Original Seller's Closing Statement; and 3. Original Purchaser's Closing Statement. Mr. Adams had an underlying mortgage on the property held by STM Mortgage Company. The mortgage was paid off on July 21, 1995 (see copy of letter to STM Mortgage Company attached hereto for your information). I have attached a copy of the Deed of Trust, dated November 25, 1992, between Dustin T. Adams, as Grantor, and Medallion Mortgage Company, a California Corporation, as Beneficiary. The Beneficiary's interest in said Deed of Trust was assigned by instrument dated November 1, 1993, to STM Mortgage Company. I have also attached a copy of the Assignment of Mortgage/Deed of Trust hereto for your reference. I will forward the title policy on this transaction to you after we receive the same from Land Title. Please let me know if you have any questions in this regard. Attachments: as cited ADAM$2.MKM · Celebrating 50 Years of Freedom ·