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HomeMy WebLinkAbout9408010199 $9. O0KITSAP COUNTY CHCt~ FILED-BY: BREHEI~TON ~/:ITY OF Filed for Record at Request of: [~i ~, ~4, ~:54 P~ ~AREN FLYNN, AUDITOR ~LERK: MILLER When Recorded Return to: %. F. #: 9~*O8018! ~9 ~EL ~.8 FR t2,1D Name Bremerton city Clerk Address 239 Fourth Street Bremerton, WashinGton 98310 STATUTORY WARPJtNTY DEED (For Use in the State of Washington Only) THE GRANTOR, GLORIA C. STURDIVANT, as her separate estate, 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: Lot 19, EXCEPT the North 10 feet thereof, Block 3, Ole Hanson's Navy Yard Addition, according to the plat thereof, recorded in Volume 4 of Plats, Page 56, records of Kitsap County, Washington. SUBJECT TO the.items as set forth/p~ a~ed Exhibit "A" day DATED this ~/~/~- of/r ~/~4f-%~' , 1994. KITSAP COUNTY (/ TRANSACTION EXCISE TAX PAID , . OUNT -/ GLORIA C. ST DIV T STATE OF WASHINGTON) : SS. COUNTY OF KITSAP ) On this date, before me, the undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared GLORIA C. STURDIVANT, 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 STATUTORY WARRANTY DEED -1- Sturdiv. S~ - Real Estate - 6/30/94 and voluntary act and deed, for the uses and purposes therein mentioned. tEN under hand and official seal this ~7~ day of my , 1994. Notar~ Public in and for the. State of ~ ~ , residing at ~O~c~ . My appointment expires: ~.F--#: 94080! O! 99 EL 08~.8 FR 1281 STATUTORY WARRANTY DEED -2- Sturdiv. SWg - Rea[ Estate - 6/30/94 EXHIBIT "A" REEL 0818 1. Covenants, conditions and restrictions contained in the following instrument; Recorded: Recording NO.: 327853 2. Covenants, conditions and restrictions contained in the following instrument; Recorded: March 9, 1990 Recording No.: 9003090065 3. Easement as dedicated on the face of the plat of said addition; For: slopes, also the right to drain all streets over and acros any lot or lots where water might take a natural course after the s~reet or streets are graded. Affects: said premises and other property SELLER'S CLOSING STATEMENT SELLER= GLORIA C. STURDIVANT PURCHASER= CITY OF BREMERTON LEGAL DESCRIPTION= Lot 19, EXCEPT the North 10 feet thereof, Block 3, Ole Hanson's Navy Yard Addition, according to the plat thereof, recorded in Volume 4 of Plats, Page 56, records of Kitsap County, Washington. AMOUNTS DUE/PAID SELLER Total Purchase Price $102,000.00 Less Mortgage Payoff Balance to Navy Federal Credit Union (See Exhibit "A" attached) ( 29,411.76~ Cash payment payable to Seller at Closing $72,588.24 REDUCED BY Seller's Closing Costs: Title Insurance Premium (Land Title Insurance Company) $ 390.24 Second 1/2 Kitsap County Property Taxes ($706.07 + 184 days (Jul. 1 through Dec. 31) = $3.84 per day x 8 days (Jul. 1 through Jul. 8) (Kitsap County Treasurer) 30.72 1% Real Estate Excise Tax (1.78% - Kitsap County Treasurer) 1,815.60 Reconveyance Fee for reconveyance of Deed of Trust dated 2/7/92 held by Navy Federal Credit Union (Land Title Insurance Company) 42.00 Total Seller's Closing Costs $2,278.56 (2,278.56) TOTAL CASH PROCEEDS PAYABLE TO SELLER AT CLOSING $70.309.68 SELLER'S CLOSING STATEMENT --1-- STURDIV.SCS - REAL ESTATE - 6/30/94 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 ~ day of ~/ , GLO~IA C. STURDIg-A~NT SELLER'S CLOSING STATEMENT -2- STURDIV.SCS ' REAL ESTATE - 6/30/94 EXHIBIT'A" PAYOFF STATEMENT C Navy Federal ~?dit Union PoBox 3305 Merrifield VA 22119-3305 June 21, 1994 TO: City Of Bremerton RE: Francis A Sturdivant Ian R. Slevers Attorney Gloria C Sturdivant 239 4th St. 1318 Cottman Street Brenerton , WA 98310 Bremerton WA 98310 Mortgage Loan No: 410103-0 Loan Type: Conventional These payoff figures are due to July 08, 1994. The current total unpaid Principal Balance is: $ 29,367.41 Interest at 7.87500% 44.35 * * * * TOTAL AMOUNT TO FAY LOAN IN FULL * * * * * $ 29,411.76 Funds received by NFCU after July 08, 1994 will result in the 'need to pay an a~ditional $ 6~34 interes~ per Day. Pavoff funds --must be in the form of a cashier or certified check an~ made payable to: Navy Federal Credit Union The aboye figures may be adjusted if any check/money order previously receivea is rejected by the institution upon which it was drawn. Your escrow balance of $ 139.89 will be refunded after the account has been audited. The balance may change due to the receipt or disbursements of monies from the account. The next regular monthly ~ayment on this loan is due for the ~gust 91, ~994 p~yment~ ~ssuaDce of. this statemgnt ~oes.not suspend =ne con=rac= re~ulremen= ~o make mor=gage paymen=s wnen aue. A la=e charge of $ 8.7~ will be assessed 15 days after the next regular monthly payment. S~quld you desire.~o send this payoff by overnight delivery the aooress is 820 Fo±±in Lane Vienna VA 22180, to the attention of Mortgage Servicing Division, Payoff Section. Please Drovide NFCU with the seller's forwarding address. Thank you for dealing wi.~t~-~Na%u~ Federal Credit Union. Broderick J. Clark Mortgage Servicing Division Ca~l (703) 242-~403.withi~ the. Wgsnlng=on Me=ropoli=an area or ou=si~e the Wasning=on Me=ropoli=an area call 1-800-368-3657. XP101-004/BJC PURCHASER'S CLOSING STATEMENT SELLER: GLORIA C. STURDIVANT PURCHASER: CITY OF BREMERTON LEGAL DESCRIPTION: Lot 19, EXCEPT the North 10 feet thereof, Block 3, Ole Hanson's Navy Yard Addition, according to the plat thereof, recorded in Volume 4 of Plats, Page 56, records of Kitsap County, Washington. AMOUNTS DUE/PAID SELLER Total Purchase Price $102,000.00 Less Mortgage Payoff Balance to Navy Federal Credit Union (29,411.76) Cash payment payable to Seller at Closing $72,588.24 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 $72.596.24 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 ~ day of ~--- , CI RTON IAN R.~ IEVERS Bremerton City Attorney PURCHASER' S CLOSING STATEMENT STURDIV.PES - REAL ESTATE - 6/30/94 AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (10-17-92) 411 0025 106 00271 CHICAGO TITLE INSURANCE COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, CHICAGO TrI'LE INSURANCE COMPANY, a Missouri corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not excelling the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by re, son of: 1. 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, a~rrmys' fees and expcus~s incurred in defense of the title, as insu~l, but only to the extent provided in the Conditions and Stipulations. In Wimess Whereof, CHICAGO 'I'ffLE INSURANCE 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. CHICAGO TITLE INSURANCE COMPANY By: Issued by: OF KITSAP COUNTY, INC. . 400 Warren Avenue --) Bremerton, Washington 98310 ~resi (206) 377- 0133 By: PLEASE TYPE OR PRINT REAL ESTATE EXCISE TAX AFFIDAVIT This form is your recoipt when stamped PLEASE SEE REVERSE by cashier. Form No. 84 000lA CHAPTER 82.45 RCW - CHAPTER 458~1 WAC For Use a~ County Treasurer's Office (Use Form No. 84-0001B for Reporting Transfem of ControaMg Interest of Entity Owncmhip to the Department of Revenue) THIS AFFIDAVIT WILL NOT SE ACCEPTED UNLESS ALL AREAS 1--7 ARE FULLY COMPLETED [] Name gloria C. Sturdivant [] Name City of Bremerton  - ~ -- 239 Fourth City _ ---.~r. emereon- __ State 143., Zip __9S312:ar~ City Brem~rton __ State ,43.. Zip ~1 ADDRESS TO SEND ALL PROPERTY TAX RELATED CORRESPONDENCE City of Bremerton 4546-003-019-0006 :!:!:~:!~:!~:i:~i~*~::~:~::~ ~:~m~ Street 2~c~ Fourth Street ~ i City/State Bremar ton, WA. Zip 9 g 310 ,[ ' .~ ]LEGAL DESCRIPTION OF PROPERTY SITUATED 1N [] UNINCORPORATED COUNTY IN CITY OF [3tOR ~r,~erton 1318 Cottman Avenue Street Address (if property is ~mproved): Lot Iq.eEXC~P~ the North 10 ?eat thereof, lock 3. Ola ~]aneon'e Navy Yard Addition. ~ccordin~ to the plat thereof, recorded tn Volu~e ~ o~ Plat~, a~e 56, recor~ of K~teap Co~mty, ~e~h~n~ton. I~lls this property currently: YES NO [] Description of tangible pemonal property if included in sale (furniture, Classified or designated as forest land? [] ~] appliances, etc.) Chapter 84.33 RCW Classified as curmnt 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 Seller's Exempt Reg. No ...... -- WAC No. (Sec/Sub) Receiving special valuation as historic [] [~ Explanation property under?. Chapter 84.25 RCW Property Type: [] land only [] land with new building l~rrt~ Statutory ~4arranty l~ed I_¢-land with previously used building [] land with mobile home Type of Document [] timber only [] building only Principal Use: [] Apt. (4 + unit) [2~ residential Date of Document ,. 102, O0O. 00 [] timber [] agricultural [] commercial/industrial Gross Sale Price $ [] other Personal Property (deduct) $ ](1) NOTICE OF CONTINUANCE (RCW 84.33 or RCW 84.34) Taxable Sale Price $ 102, Excise Tax State ; $ 1, ~51 If the new owner(s) of land that is classified or designated as current use .0 - or forest land wish to continue the classification or designation of such Local $ land, the new owner(s) must sign below. If the new owner(s) do not desire Delinquent Interest: State $ _ to continue such classification or designation, al/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. Thecounty Delinquent Penalty: State $ Ii7t~,:~115.1~[I 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 $2.00 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 ~i ].oria ~ . ~u urd ~vm~ (2) NOTICE OF COMPLIANCE (Chapter 84.26 RCW) Name (prin0 If the new owner(s) of property with special valuation as historic property 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 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 lan !(. bleVerS (3) OWNER(S) SIGNATURE Name (print) Date & Place of Signing u,.~,~,~,-,t~. 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 FORM REV 84 000lA (12~93) (PD 12-17-93) TAXPAYER NOTE .................................................. ~... ~,~.~.~.E..BT.~ ............................. . .~.~.~..!.~,T~ ................................ 1318 COTTMAN STREET = BREMERTON , WA g8310 [ Property A~ress 1. BORROWER'S PROMISE TO PAY In return for a loan that I have received, I promisu to pay U.S. $ ............ ~1~.,.~.@.:..9.9 .................... ~this amount is called 'pr'ncipal"), plus interest, to tho order of the Lender. The Lender is ..NAVY FED. g.I~.~,.J~....~g~....'[....U.I~...O.N' ...................................... A CORP ORGAN ZED AND EX STING UNDER THE LAWS OF THE U.S. GOVT 12USC1751 I underetued receive payments under this Note is called tho "Nolo Iloldor." 2. INTEREST Interest will bo charged on unpaid principal until tho tull amount of principal has boon paid. I will pay interest at a yearly rate of 7. ~75 ob. The intere'~i'"'i;;i~'"'~'~'J~;~l'"g~;'"this Section 2 is the rate I will pay both before and after any default described in Section 6(B) o! this Note. 3. PAYMENTS (A) Time and Place of Payments I will pay principal and interest by making payments every month. I will make my monthly payments on Iho 1st day el each month beginning on APRIL 19 ..~.2_......I will make these payments every month unfl~"i-'J~'~;~"~fi'[~l all of the principal and interest doscrlbod below that I may owe under this Note. My monthly payments will be applied to interest before principal. If, ue ~.~.~.~._.:1.~: ................................. , .2.~:~ .......... , I still owe amounts under this Note, I will pay those amounts in full ue that date, which is called the "maturity date." I will make my monthly payments at ........ ~.~URJ..~:X....~.~.R.~"*....E...~..-..~"~~.:~.@.9.~.."b~.~....~....~L~.`~.~....g.R~.~1~g' ............. ...............('~J"'~'~ii'~i"~'~'"~,~'~i'~-'~J~;'~;'~'~[~ .......................... or at a different place if required by the Note Holder· My monthly payment will be in the amount of U.S. $ ....................... ~.:1.:~.:..~.:~ 4. BORROWER'S RIGHT TO PREPAY I have the right to make payments et principal at any time belore they are due. A payment of principal only known as a "propeyment." When I make a prepeymont, I will tell the Note ltolder in writing that I am doing so. I may make e lull prepayment or partial prnpaymonts without paying any prepayment charge. The Note Holder will uso all el my prepayments to reduce tho amount o! principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount of my monthly payment unless the Note Holder agrees in writing to those changes. 5.- LOAN CHARGES If a law, which applies to this loan and which sole maximum loan charges, ia finally interpreted so that the interest or other loan charges collected or to be collected in connection with this loan exceed the permitted limits, then: (i) any such loan charge shall be reduced by the amount necessary to reduce the charge to tho permitted limit; and (ii) any sures already collected from me which exceeded permitted limits will be refunded to me. The Note Holder may choose to make this refund by reducing the principal I owe under this Note or by making a direct payment to me. If a refund reduces principal, the reduction will be treated as a partial prepayment. 6. BORROWER'S FAILURE TO PAY AS REQUIRED (A) Late Charge for Overdue Payments If the Note Holder has not received the full amount of any monthly payment by the end of calendar days after the date it is due, I will pay a late charge to the Note Holder. 'The amount of'"'~'"'~'~'~' will be 4 % of my overdue payment of principal and interest. I will pay this late charge promptly but only once on each lat~"~;'~'i~t. (B) Default If I do not pay the full amount of each monthly payment on the date it is due, I will be in default. (C) Notice of Default If I am in default, the Note Holder may send me a written notii:e telling m~ that if I do not pa!,, the overdue ammmt by a certain date, the Note Holder may require me to pay immediately the full amount of principal which hes not been paid and all the interest that I owe on that amount. That date must be at least 30 days after the date on which the notice is deliverM or mailed to mo. (D) No Waiver By Note Holder Even if, at a time when I am in default, the Note Holder does not require me to pay immediately in full aa deecribed above, the Note Holder will still have the right to do so if I am in default at a later time. (E) Payment of Note Holder's Costs and Expenses I[ the Note Holder has required me to 'pay immediately in full os described above, the Note Holder will have /he right to be paid back by me for a 1 of its costs and expenses in enforcing this Note to the extent not prohibited by applicable law. ~l~:l~!Thoso expenses include, for example;reasonable attorneys' fees. 7. GIVING OF NOTICES Unless applicable law requires a different method, any notice that must be given to me under this Note will be given by delivering it or by mailing it by first class mail to me at the Property Address above or at a different address if I give the Note Holder a notice of my different address. Any notice that must be given to the Note Holder under this Note will be given by mailing it by first cla~ mail the Note Holder at the address stated in Section 3(A) above or at a different address if I am given a notice of that different address, MULTISTATE FIXED RATE NOTE-sinl;le Family-FNMA/FHLMC UNIFORM INSTRUMENT Form 3200 12/e3 :'~. OB,~IGATIONS OF PERSON~..INDER THIS NOTE · If more than one person signs this Note, each person is lully and porsonall gated to keep ell of Ihs prombo~ made in'thls Note, including tho promise to pay tho lull amount owed. Any person who is a guarantor, surety or endorser of this Note is al:~o obligated lo do those things. Any ~rson who takes over those obligations, including the obligatio~ el a ~uarantor, surely or endorser o~ this Note, is also obligated to k~p all el tho promises mede in Ihis Nolo, The Note Hol~r may enforce its righle under Ihis Nolo against each person individually or against all el us t~olhor. Th~ mea~ that eey one oi us may ~ required to pay all ol the amounts owed under this Note. 9. WAIVERS I and any other ~r~n who has obligations under this Note waive tho righ~ el pre,himont and notice o~ d~honor. "Pro~ntmont" moans tho right to r~uiro the Note Holder to demand payment of amounts due. "Notice el d~honor" means tho right to r~uire tho Note Holder to give notice to other ~rsons thai amounls duo have not ~n paid. 10. UNIFORM SECURED NOTE 'rhi~ Note i~ a unilorm inelrumont with limit~ variutlone in some juriediclions. In addition lo the prol~lJons given ~ tho Nolo fielder uedor this Nolo, a Morlgago, Deed ol 'l'rusl or S~urity Deed (Iho "Security Instrument"), dat~ the same dale as lhis Note, prol~is tho Nolo ltolder Item ~ssiblo losses which mighl result il I do not k~p the prom~ which I make in this Note. That S~urity Instrument descries how and under what conditions I may ~ r~uir~ to make imm~iale payment in ~ull o~ all amounts I owe under Ihis Nolo. Some o~ th~ conditions are do~ri~ as follows: Transier et tho Pro~rty or a Bonoiiclal Interest in ~rrowor. I[ all or any part of the Pro~rty or any interest in it is sold or transferred (or i~ a ~nelicial interest in ~rrower ~ ~ld or tra~err~ and ~rrower ~ not a natural ~rsen) without Lender's prior written consent, ~nder may, at i~ option, r~uire imm~iato payment in tull el all sums s~ur~ by this ~urity Instrument. However, this oplion shall not ~ exorcised by Lender il exercise is prohibited by ~ederal law as of Ihs date o~ this ~urJiy Instrument. H Lender exercises this option, Lender shall give ~rrowor notice el a~oloratJon. The ~t~ s~ll provide a ~ri~ of not loss than ~ days item tho dale lho nolico is dollver~ or mail~ within whkh ~rrower must pay all sums secured by this S~urity Instrument. II ~rrowor fails ~ pay tho~ su~ prior to tho oxplrafion oI this ~rJ~, Lender may invoke any remedies ~rmitt~ by th~ ~urily Instrument without ~urther notice or demand on ~rrower. WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED. FRANCIS ANTHONY STURDIVANT ...... GL OR IA C. STURDIVANT : · ..... , ............ .............................................. (S~I) ................................................................................................... -:.~ (SmD [ ~i~n Odra~l Oely] 4101030 32008 Page 2 of NFCU 740M (6-841 ~ FULL RECONVEYANCE LAND TITLE COMPANY THIS SPACE RESERVED FOR RECOROER'S USE: F,led for Record at Request of $7,--KITSAPLrO COUNTY TF After Recording Mail to: FILED-BY: LAND TITLE COMPANY ~U6 26, tF~4, t2:05 Name CZ~ 0F BR~RTON ~N FLY~ ~DITOR CLE~: CHIP~ Address 239 4~ C"v..d Sm.e ~0~, ~A 98310 ~ ~# 24026 .ASH The undersigned as trustee under that certain Deed of Trust. dated FEBRUARY 7 . 19-9~ , in which F?Jk-NCI-S AN'J~[ONY S~¢J2J)IVAt'¢~ ~ GLORIA C. STLTRDIVAI',i~,~q..TSBAND A['~D WIFE is grantor and NAVY FF~D~OJk_L C~j~j)IT U~TION is beneficiary, recorded on FEBRUARY 12 .19 92 . as Auditor's File No. 9202120287 , in Volume 629 of Mortgages, at page 2569 · records of KITSAP County, Washington, having received from the beneficia~ under said Deed of Trust a written request to reconvey, reciting that the obligations secured by the Deed of Trust has been fully satisfied, does hereby reconvey, without warranty, to the person(s) entitled thereto all of the right, title and interest now held by said trustee in and to the property described in said Deed of Trust. AS IN RECORDED DEED OF TRUST Dated AUGUST 25 ,19 94 ...,~',~ '". 4e~ ' (Name-T~tle) __= [ 01-21-98 .~.~ STEVEN D. GREEN, VICE PRESIDENT/AUTHORIZED SIGNATORY ~ '..Oo ....' )~y (Name-T,tle) % ~ WAS~~ ///llflflljlj%~'~\~* STATE OF WASHINGTON STATE OF WASHINGTON ) ~ ss. ~~ ss COUNTY OF K~TSAP COUNTY On this ~ dayo[ AU~S~ , ~9 94 OF before me. the undersignS, a Nota~ Public in and for the S~ate o~ Washington, duly On th~s day personall~ appeared before me commissioned and swom, personally appeared STEVEN D. GREEN to me known to be lhe lnd,v,dual descrlbed in and to me known to be the WCE PRESIDENT AND AUTHORT7FD gTGNATORY same as free and voluntary act and deed. pur~sesthereinmenfioned, and on oath stat~ that HF lot the uses and purposes lheresn mentioned au~horized to ex~ute the said instrument. W~ness my hand and ofhmal seal hereto afhxed ~he day and year hrst above ~esmd,ng at BREMERTON SUSAN M. ABILLE MY COMMISSION EXPIRES 1-2~-98 LEGAL DEPARTMENT lan R. Sievers - City Attorney Civil Attorneys James J. McNemara Leila Mills Prosecuting Attorney T. David Apodaca Gateway to the Olympics and tlome of the Puget Sound Na',xd Shipyani DATE: September 22, 1994 TO: Kathlee._n_~Administrative Services Director FROM:/~ackie, Zronk, Le[al AssiStant ~,E: 1318 Cottman Avenue,/WashingtonX'ff ( Please'f-l~ttach~4aef~io the Policy of Title Insurance with regard t~) the City's purchase of the above-referen' --- ced property. Give me a call if you have any questions. Also, I would like to extend my appreciation to your department for all the assistance they have given me in the "West Hills" real estate closings. All the closings have closed according to schedule, which would not have been accomplished without the assistance of your department in printing the closing checks for me on the dates I needed them. Thank you! cc/w/attachment: Eddy Chu, Director of Public Works & Utilities 2394TH STREET · BREMERTON, kVA 98337 · (2(X)) 478 5345 · FAX (206) 478 5161 DATE: August 24, 1994 TO: Eddy Chu, Director of Public Works & Utilities FROM: Jackie Cronk, Legal Assistant Purchase of ~18 Cott~ Avenue Please find attached hereto a copy of the Note and Deed of Trust with Request for Reconveyance, received from Navy Federal Credit Union, with regard to the above- referenced property. These documents are received pursuant to the pay-off of the underlying mortgage on the property that was held by Navy Federal Credit Union as Beneficiary. The mortgage pay-off was made out of closing. I will take the originals of these documents to Land Title Insurance Company (Trustee named in the Deed of Trust) so they can prepare a full reconveyance to give the City clear title to this property. Please call our office if you have any questions in this regard. Attachments: as cited cc: Kathleen McCluskey, Administrative Services Director/ 2394TIISTREET · BI(EMERTON. WA'~S~K~7 · ~(~q478-5345 · F/~X(2(kq47&5161 LEGAL DEPARTMENT lan R. Sievers - City Attorney Civil Atforneys James J. McNamara Prosecuting Attorney T. David Apodaca Gateway to the Olympics and I lome of the P~get Sound Naval Shipyard DATE: August 4, 1994 TO: Kathleen L. McCluskey, Administrative Services Director FROM: Jackie Cronk, Legal Assistant RE: 1318 Cottman Avenue, Washington Sturdivant/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 Gloria C. Sturdivant, as Seller, and City of Bremerton, as Purchaser, together with corresponding 1% Excise Tax Affidavit receipt; 2. Original Seller's Closing Statement; 3. Original Purchaser's Closing Statement; and 4. Copy of Community Property Affidavit (original required by Land Title Company to completely clear rifle). Mr. and Mrs. Sturdivant had an underlying mortgage on the property held by Navy Federal Credit Union. The mortgage was paid off on July 8, 1994 by Cashier's Check (see copy of letter to Navy Federal Credit Union attached hereto). I will be sure to send you a copy of the Request for Full Reconveyance when I receive it from Navy Federal Credit Union, as well as a copy of the Full Reconveyance after it has been prepared and recorded by Land Title (Title Company named as Trustee in Deed of Trust between Mr. and Mrs. Sturdivant and Navy Federal Credit Union - copy of said Deed is also attached). I am holding a $42.00 check made payable to Land Title Company for payment of the reconveyance fee. Keys to the property were delivered to Public Works & Utilities. Please let me know if you have any questions. 2394T11SI*REET · [~I~EMERION, WA 98337 · (2(X~) 478 5345 · [:AX (20(,) 178 51f,I LEGAL DEPARTMENT .... " July 7, 1994 Navy Federal Credit Union Mortgage Department 10600 Silverdale Way NW. Silverdale, Washington 98383 Re: Francis S. Sturdivant (Deceased) Gloria C. Sturdivant 1318 Cottman Street Bremerton, WA. 98312 Mortgage Loan No. 410103-0 Loan Type - Conventional Dear Sir or Madam: The City of Bremerton has purchased the above-referenced property from Gloria C. Sturdivant. I have enclosed a Cashier's Check herein for the amount of $29,411.76, which is the payoff balance given in that Payoff Statement dated June 21, 1994, received from Navy Federal Credit Union for the above-referenced mortgage 10an. I have enclosed a copy of said Payoff Statement herein for your reference. Please apply the enclosed check to the loan and return to our office the original Deed of Trust and signed Request for Full Reconveyance, between Francis Anthony Sturdivant and Gloria C. Sturdiwant, as Borrowers, and Navy Federal Credit Union, as Beneficiary, dated February 7, 1992. I have enclosed a copy of said Deed of Trust for your reference. Please do not hesitate to call our office should you have any questions in this regard. Thank you for your assistance. Sincerely, KIE R..CRONK al Assistant Enclosures: as cited cc: Tracy DiGiovanni 23O4TH.C/rREET · BREAIERTC~'q, WA9S.~iO · ~06)47~-.%~5 · FAX~06)47~-SI61 PO Box 3305 Merrifield VA 22119-3305 June 21, TO: City Of Bremerton RE: Francis A Sturdivant Ian R. Slevers Attorney Gloria C Sturdivant 239 4th St. 1318 Cottman Street Brenerton , WA 98310 Bremerton WA 98310 Mortgage ~oan No: 410103-0 Loan Type. Conventional These payoff figures are due to July 08, 19~4. The c,]rrent total unDaid Principal Balance is: $ 29,367.41 Interest at 7.87500% 44.35 * * * * TOTAL A/~OUNT TO PAY LOAN IN FULL * * * * * $ 29,411.76 Funds received by NF~U after July 08, 1994 will result in the need to pay an a~ditlonal $ 6.34 interest per Day. Payoff funds --must be in the form of a cashier or certified check aha made payable to: Navy Federal Credit Union The ~boye.figu~es_m~y. be.~djust~4, i~ any check/money order previously recelvea is re3ec~ea Dy =ne institution upon wnich it was drawn. Your escrow balance of $ 139.89 will be refunded after the account has been audited. The balance may chanqe due to the receipt or disbursements of monies from the ~ccoun~. The next regular monthly ~ayment on this loan is due for the ~gust Q1, ~994 p~yment~ Issuance of this statement does not suspend ~ne con=fac= re~ul~emen= to make mortgage pavments when due. A late charge of $ 8.76 will be assessed 15 days af%er the next regular montSly payment. Should you desire to send this payoff by overnight delivery the address is 82Q Follin ~aQe Vienna VA 22180, to the attention of Mortgage Servicing Division, Payoff Section. Please Drovid9 NFCU with the seller's forwarding address. Thank you for dealing w~t~-Na~ Federal Credit Union. Broderick J. Clark Mortgage Servicing Division Call (703) 242-4403 within the Washington Metropolitan area or outside the Washington Metropolitan area call 1-800-368-3657. XP101-004/BJC BAIVI~ CASHIER'S CHECK CITY OF BREPDZRTON JULY PAY J ~gu~ NOT VAMD S~29,411.76~ OVER ~o~,~ ~X~ ~'~ ~IT ~I~A~ O~S~,~T~nO~ ~'k~k~?~l~' ~:~O000~kll ~00 DOS"'