HomeMy WebLinkAbout9606130083 Filed for Record at Request of:
KITSAP COUNTY
$~. 00 CHCK
FILED-BY: BREIIERTON CITY OF
When Recorded Return to: J~ t~, t~6, 9:~ ~
KAREN FLYNN, AUDITOR
Name Bremerton City Clerk CLERK: LAWRENCE
Address 239 Fourth Street Am F. #: g606~E30083
REEL 09'14 FR 2953
Bremerton. Washington 98337
1305 Bayview Drlve - WaLlace
STATUTORY WARRANTY DEED
(For Use in the State of Washington Only)
THE GRANTOR, RIC B. WALLACE and CARON E. WALLACE, husband and
wife, for and in consideration of good and valuable consideration
and in lieu of condemnation, convey and warrant to the CITY OF
BREMERTON, a municipal corporation, the following described real
estate, situated in the County of Kitsap, State of Washington:
THAT PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHWEST
QUARTER, SECTION 22, TOWNSHIP 24 NORTH, RANGE 1 EAST, W.M., IN
KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF
THE SOUTHWEST QUARTER; THENCE NORTH 89051'35'' EAST 314.20
FEET, MORE OR LESS, TO THE WEST MARGIN OF BAYVIEW DRIVE AND
THE TRUE POINT OF BEGINNING; THENCE SOUTH 89o51'35" WEST 100
FEET; THENCE SOUTH 00002'54" EAST 192 FEET; THENCE EAST TO THE
WEST MARGIN OF BAYVIEW DRIVE; THENCE NORTHEASTERLY ALONG THE
WEST MARGIN OF BAYVIEW DRIVE TO THE TRUE POINT OF BEGINNING;
EXCEPT ANY PORTIONS THEREOF LYING WITHIN "C" STREET OR BAYVIEW
DRIVE.
DATED this /\ day of d~_~ , 1996.
.o q(qS--
KITSAP COUNTY
8Y y(JY~__~J/f_'~ , CARON E. WALLACE
//
//
STATUTORY WARRANTY DEED -1-
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,
perT~Dnally appeared RIC B. WALLACE and CARON E. WALLACE, husband
and wife, to me known to be the individuals described in and who
executed the within and foregoing instrument, and acknowledged that
they signed the same as their free and voluntary act and deed, for
the uses and purposes therein mentioned.
~IV~N under my hand and official seal this ~ I day of
..~J,~..~/J~ ~ , 1996.
~O~A~'.%*~ ~ "~==~ ~ ~ Notary Pu~ic in anchor the Stgt% pf
...... ~ '~- Washin~ton~residin~t: ~.
=~: ~ '~ '"' = My appointment expires: ~- { ~ ~ .
STATUTORY WARRANTY DEED -2-
RETURN ADDRESS
City of Bremerton
239 - 4t~ Street
Bremerton, Washington 98337
Please print heady or type information
Document Title(s) BREM~RTOH CITY OF ~PPT ~5.96
Appointment of Successor Trustee
Reference Number(s) of related documents
Deed of Trust 9309140245
Additional Reference #'s on page
Grantor(s) Et n~n¢, a~t n~me, middle imtials
City Wide Mortgage, Inc.
Additioaal Grantors on page
Grantee{s) r~t ~me, r~ name, middle initials
Ric B. Wallace and Caren E. Wallace, husband and wife
Additional Grantees on page
Legal Description (abbreviated form: i.e. Plat name, lot, block, section, township, range, quarter/quarter)
Ptn. ofSW ¼ of the SW ¼, S22, T24N, Range 1, E.W.M.
Additional Legal on page
Assessor's Property Tax Parcel/Account Number
222401-3-001-2004
Additional 'Fax Parcel/Account Number's on page
The Auditor/Recorder will rely on the informatioa provided on this form. Thc staff will not read the document to verily the
accuracy or completeness of the indexing information provided herein.
When Recorded Return To:
JACKIE CRONK
CITY OF BREMERTON
OFFICE OF CITY ATTORNEY
239 4TN STREET
BREMERTON, WA 98337-
Page: ~ o£ ~
BR~£RTON CITY OF APPT ~.88 Kitsap Co, W8
~POi~TM~TT OF SUCCESSOR TRUSTmW
Ssnk 0f Oklahoma, N.A. ~.0001090748 ~At~C~' ~e~de~ JO:/ K~ap,
WHEREAS, the undersigned is the present Beneficia~ under the Deed of
Trust described as follows:
Original Trustor: RIC B. W~CE
WIFE
Origina~ Beneficial: CITY WIDE MORTGAGE INC
Dated: 09/08/1993
Recorded on 09/14/1993 as Instrument No. 9309140245 Book 0746, Page
1313,
In the County of KITSAP, State of WASHINGTON
Property Address: 1305 BA~IEW DRIP, BREMERTON, WA, 98312
~ WHER~S, the undersigned, who is the present Beneficiary under
said Deed of Trust, desires to appoint a successor Trustee under said
Deed of Trust in the place and stead of present Trustee thereunder;
Now therefore, the undersigned hereby appoints B~K OF 0~0~, N.A.
whose address is 7060 S. Y~E STE 200, T~SA, OK 74136 as Successor
Trustee under said Deed of Trust, to have all the powers of said
original Trustee, effective immediately.
BancOklahoma Mortgage Co~. ~"~
On ~
-,.. SEAL .
STATE OF Oklahoma ~...
ON June 19, 1998, before me, K. Thompson, a Notary Public in and for
the County of Tulsa County, State of Oklahoma, personally appeared BJ
Bushes, Asst. Vice President, personally ~o~ to me (or proved to me
on the basis of satisfactory evidence) to be the person(s) whose
name (s) is/are subscribed to the within instrument and acknowledged to
me that he/she/they executed the same in his/her/their authorized
capacity, and that by his/her/their signature on the instrument the
person(s), or the entity upon behalf of which the person(s) acted,
K.~
Notary Expires: 12/13/2000
(This area ~or&o~se~l)
BOK PO Box 35688 Tulsa, OK 74~53 800-g47-706~
RETURN ADDRESS
City of Bremerton
239 - 4~ Street
Bremerton, Washington 98337
Please print nearly or type informationiIiiillllllJjllllllljllll
P~ge= 1 of
88/06/t99804:
Document Title(s) Kits~10 Co,
~l~glt~l'0N UT¥ or R£C0H ~.08
Deed of Reconveyance
Reference Number(s) of related documents
Deed of Trust 9309140245
Additional Reference #'s on page
Grantor(s) ~ ~, ~t,~, middle i~ti~s
Bancoklahoma Mortgage Corp
Additienal Grantors on page
Grantee(s) x~st name, C~t n~m~, ~ ~ti~ls
Ric B. Wallace and Caren E Wallace, husband and wi£e
Additional Ormuees on page
LeJ~aJ D~scJ'ip~ion (abbreviated [orm: i.e. Plat name, lot, block, section, township, range, quarter/quarter)
Ptn. ofSW % of the SW %, S22, T24N, Range 1, EWM.
Additional Legal en page
Assessor's Property Tax Parcel/Account Numlo~r
222401-3-001-2004
Additional '[ax Parcel/Account Nuiuber's oil p~g¢
The Auditor/Recorder will rely on the information provided on this form The staff will not read the document to verily the
accuracy or completeness of the indexing information provided herein.
When Recorded Return To:
JACKIE CRONK
CITY OF BREMERTON
OFFICE OF CITY ATTORNEY
239 4TH STREET
BREMERTON, WA 98337-
P~e: ~ o£ ~
88/88/189884:~4P
Kit~ap Co, WA
DEED OF R~(~ONV~¥A~C~
Bank of Oklahoma, N,A. #:0001090745 "WALLACE" Lender ID:/ Kitsap, Washington
WHEREAS EANK O~ O~O~, ~.A, ~s ~he ~ese~ ~us~ee o~ ~eco~d ~e~
the followin~ described Deed of Trust:
Trustor: RIC B. W~CE ~ C~ON E. W~CE, ~SB~ ~ WIFE
Beneficial: B~CO~O~ MORTGAGE CORP.
Original Beneficial: CITY WIDE MORTGAGE INC
Original Trustee: T~S~ERICA TITLE INS. CO
Dated: 09/08/93
Recorded on 09/14/93 as Instrument No. 9309140245 Book 0746, Pa~e
1313,
In the County of KITSAP, State of WASHINGTON
Property Address: 1305 BA~IEW DRI~,BREMERTON,WA,98312
~ ~ERE~, the above said Deed of Trust has been paid in full;
NOW ~EREFORE, the present Trustee havin~ received from the present
o~er of the beneficial interest under said Deed of Trust and the
obligations secured thereby a written request to reconvey by reason of
the obligations secured by said Deed of Trust,
DOES HEREBY RECO~EY, without warranty, to the person or persons
legally entitled thereto, the estate, title and interest now held by
it under said Deed of Trust, describin~ the land therein as more fully
described in said Deed of Trust.
on 3une 19, 1998(DATS)~ ~.%~.,..~..~.
By:
. . SEAL ,
CATHY B~TTON, ~ICE PRESIDENT ~ ~ O~
STATE OF Oklahoma '"~4ti~l
CO~TY OF Tulsa
ON June 19, 1998, before me, Maril~ Shirley, a Notary Public in and
for the County of ~lsa County, State of Oklahoma, personally appeared
CATHY B~TTON, VICE PRESIDE~, personally kno~ to me (or proved to me
on the basis of satisfactory evidence) to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to
me that he/she/they executed the same in his/her/their authorized
capacity, and that by his/her/their signature on the instrument the
person(s), or the entity upon behalf of which the person(s) acted,
executed the instrument.
,""'""'"
Nota~ Expires: 10/25/2000
(This area for ~g~~8
80K PO BOX 35088 Tulsa, OK 74~ 53 800-947-7061
~0'-""
REAL ESTATE PURCHASE AND SALE AGREEMENT
IN LIEU OF CONDEMNATION
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
undersigned Sellers hereby agree to sell the following described
real estate located in the City of Bremerton, County of Kitsap,
commonly known as 1305 BAYVIEWDRIVE. BREMERTON, WA , and legally
described as follows:
TAX ID NUMBER: 222401-3--001--2004
(SEE ATTACHED EXHIBIT
1. PURCHASE PRICE:
The total purchase price is SEVENTY-TWO THOUSAND
Dollars ($72.000.00).
2. CONDITION OF TITLE:
The title is to be free of all encumbrances 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 encumbrances or defects.
Encumbrances to be discharged by Sellers may be paid out
of purchase money at date of closing.
3. TITLE INSUI~CE:
Sellers shall furnish to Purchaser 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 shall be
furnished a preliminary commitment therefor issued by Land Title
Company. (The Sellers shall assume any cancellation fee of such
commitment or policy. ) The title policy to be issued shall contain
no exceptions other than those provided in said standard form plus
REAL ESTATE PURCHASE AND SALE AGREEMENT -1-
encumbrances or defects noted in paragraph 1 above. If title is
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
herein, 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:
7. CONDITION OF p~0PERT~:
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 __ day of ,
19 , upon which date the agreement shall terminate. The
REAL ESTATE PURCHASE AND SALE AGREEMENT -2-
Purchaser and Sellers shall deposit with the Bremerton City
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. Any assessments shall be
paid by the respective Sellers. Real estate taxes for the year of
closing, and utilities constituting liens against the property,
shall be prorated as of closing. The owner's standard title
insurance policy, real estate excise tax related to the sale
property and other closing costs shall be paid by Buyer.
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
instructions 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
REAL ESTATE PURCHASE AND SALE AGREEMENT -3-
agreements which modify or affect this agreement. Time is of the
essence of this agreement. All subsequent modifications or waivers
of any condition of this agreement shall be in writing and signed
by the appropriate parties.
--Date LYI~ HORTON, Mayor
PURCHASER
DEP VAL:
W. EUGEN~ SAMP~-D~rector of Public Works & Utilities
IAN R. S~-~VERS, 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 , we hereby approve
and accept the sale set forth in the above agreement and agree to
carry out all the terms thereof on the part of the Sellers.
Sellers' Address:
Seller's Phone:
REAL ESTATE PURCHASE AND SALE AGREEMENT -4-
A true copy of the fo_r~going agreement signed by Sellers is
hereby received on ~J~ ~,~.
~'~AN R. S~EVERS
Bremerton City Attorney\
Agent for Purchaser
REAL ESTATE PURCHASE AND SALE AGREEMENT -5-
EXHIBIT "A" TO PURCHASE AGREEMENT
FOR PROPERTY LOCATED AT 13Q5
BAYVIEW DRIVE - BREMERTON
WASHINGTON
OWNERS: RIC B & C2~ON E WAT-LACE
TAX ID NI3/~BER: 222401--3--OO1--2OO4
SE~ION 22 TOWNSHIP 24 RANGE 01
T~AT PTN OF SW1/4 SW1/4 D~ B~ AT THE ~ ~R OF SW1/4 SW1/4
~ N89*51'35E 314.20~ ~L ~ W MGN OF BA~I~ DR & TPOB ~
S89'51'35W 100 ~ ~E S00'02'54E 192 ~ ~E E ~ W MGN OF
BA~I~ DR ~ NELY ALG W MGN OF BA~I~ DR ~ THE T~B EXC
~S
ADDENDUM #1 TO REAL ESTATE PURCHASE AND SALE AGREEMENT
Purchaser and Seller agree to the following additional terms and conditions to
that certain Real Estate Purchase and Sale Agreement regarding 1305 Bayview Drive,
Bremerton, Washington:
(1) Paragraph 3 shall not be interpreted or construed to place any
requirement on Seller to pay for title insurance or a title policy. As set
forth in Paragraph 10, any said policy shall be paid at the sole and
exclusive cost of Purchaser.
(2) Paragraph 6 is amended to add the following rental terms: (a) Seller may
reside at and on the real estate for sixty (60) days after Closing with no
rental charge, and (b) Seller may reside at and on the real estate for sixty
(60) days thereafter at a rental rate equal to one-half (1/2) their
mortgage principal and interest.
(3) Paragraph 9 is amended to provide that Closing shall occur within
twenty-eight (28) days of the execution of this Agreement by all parties.
(4) Paragraph 13 is amended to specifically provide that Seller's refrigerator,
washer, dryer and stove (if not built into the residence), may be retained
by Seller.
(5) Purchaser agrees to reimburse Seller for the cost of renting a truck for
a self-move from the real property to one other location in Washington
State. Payment shall be made by Purchaser within one month of Seller
presenting a receipt for said rental truck to Purchaser.
(6) The parties hereto agree that this sale shall be closed in lieu of
condemnation. Closing documents and escrow instructions shall reflect
this sale status.
ADDENDUM - 1
(7) Purchaser agrees to reimburse Seller at Closing for one-half (1/2) of any
appraisal expense in a sum not to exceed $200.00.
DATED this ,Jo ~
day of , 1996.
PURCHASER:
CITY OF BREMERTON
LYI~N HORTON, Mayor
DE~~PROVAL:
W. EUGENE SAIV~4,E-¥-~rector of
Public Works & Utilities
RIC ~VALL~C-E ~ CARON WALLACE
ADDENDUM - 2
LAND TITLE COMPANY
23. 1998 NOV 2
CITY OF BREMERTON
4TH STREET
BREMERTON
TITLE
ATTN: JACKIE CRONK/RE: WALLACE
OFF~CE
[] Silverdsle
9657 Levin Road N,W,
Suite100 Enclosed please find your final policy of title insurance in
P.O. Sox2737 regards to the following transaction:
Si~verdale, Wa 98383
(360) 692-2233
FAX: (360) 692-2244
Seller Name:
Buyer Name:
Our File No.: E-105700-3
ESCROW Property Address: 1305 BAYVIEW DRIVE
OFFICES BREMERTON, WA 98312
[] Port Orchard Please call us if you have any questions regarding this policy.
25Ol S.E. Mile Hill Ddve For your convenience please use our "800" number. (800) 950-4321.
Suite 101
P.O. 8ox 1489
Port Orchard, WA 98366
(360) 876-0450 Thank you for allowing Land Title Company to serve you.
FAX; (360) 876-0574
We appreciate your business!
[] Silverdele
9657 Levin Road N.W. Sincere ly,
Suite 110 ~
P.O. Box 2737
Silverdale, WA 98383
{360) 692-4033
FAX: (360)692-8669 Land Title Company of Kitsap County
Silverdale Title Office
[] Pou~s bo
1040 NE[ Hostmark St.
sure 10b KEEP THIS POLICY IN A SAFE PLACE
Poulsbo, WA 98370
(360) 779 7172
FAX (360)779-1004 For fast service on future sales or loans on this property
present this letter to your realtor or lender.
Thank you, Land Title
AMERICAN LAND TITLE ASSOCIATION
OWNER'S POLICY
(10-17-92)
48 0025 [06 00007531
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:
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, 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, CHICAGO TITLE 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.
Issued by: CHICAGO TITLE INSURANCE COMPANY
LAND TITLE COMPANY OF KITSAP By:
COUNTY, INC.
9657P.o.SUITEBox LEVIN 1002737 ROAD N.W.
SILVER. DALE, WA 98383 . President
(360) 692-2233
By:
Secretary
ALTA Owner's Policy (10-17-92)
SELLERS~ CLOSING STATEMENT
1305 BAYVIEW DRIVE
SELLERS= RIC B. WALLACE and CARON E. WALLACE
PURCHASER= CITY OF BREMERTON
LEG~%L DESCRIPTION:
THAT PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHWEST
QUARTER, SECTION 22, TOWNSHIP 24 NORTH, RANGE 1 EAST,
W.M., IN KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF
THE SOUTHWEST QUARTER; THENCE NORTH 89o51'35'' EAST 314.20
FEET, MORE OR LESS, TO THE WEST MARGIN OF BAYVIEW DRIVE AND
THE TRUE POINT OF BEGINNING; THENCE SOUTH 89o51'35" WEST 100
FEET; THENCE SOUTH 00o02'54" EAST 192 FEET; THENCE EAST TO THE
WEST MARGIN OF BAYVIEW DRIVE; THENCE NORTHEASTERLY ALONG THE
WEST MARGIN OF BAYVIEW DRIVE TO THE TRUE POINT OF BEGINNING;
EXCEPT ANY PORTIONS THEREOF LYING WITHIN "C" STREET OR BAYVIEW
DRIVE.
AMOUNTS DUE/PAID SELLERS
Total Purchase Price $72.000.0Q
Cash payment payable to Sellers at Closing $72,000.00
REDUCED BY Sellers' Closing Costs:
Mortgage Payoff Balance
to Continental Mortgage
Company (See Exhibit
"A" attached) ~
Total Sellers' Closing Costs $41,063.80 (41.063.8Q)
TOTAL CASH PROCEEDS PAYABLE TO SELLERS AT CLOSING 530.9_______36.20
NOTE: It is understood by all parties hereto that real
property taxes for the 1995 tax year have been paid
and that said taxes become exempt as of the date of
closing. The tax amount previously paid will be
pro-rated and a refund will be returned to Sellers
by the Kitsap County Treasurer.
SELLERS' CLOSING STATEMENT - 1
WALLACE.SCS - West Hills Closiugs - 6/4/96
It is further understood and agreed 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 ~~ , 1996.
ff~B. WALLACE
C~T~ON E. WALLACE
SELLERS' CLOSING STATEMENT - 2
~ALLACE.SCS - West Hills Cl,~sings - 6/4/96
PURCHASER'S CLOSING STATEMENT
1305 BAYVIEW DRIVE
SELLERS: RIC B. WALLACE and CARON E. WALLACE
PD'RCNASER: CITY OF BREMERTON
LEGAL DESCRIPTION:
THAT PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHWEST
QUARTER, SECTION 22, TOWNSHIP 24 NORTH, RANGE i EAST,
W.M., IN KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER OF
THE SOUTHWEST QUARTER; THENCE NORTH 89o51'35" EAST 314.20
FEET, MORE OR LESS, TO THE WEST MARGIN OF BAYVIEW DRIVE AND
THE TRUE POINT OF BEGINNING; THENCE SOUTH 89o51'35" WEST 100
FEET; THENCE SOUTH 00o02'54" EAST 192 FEET; THENCE EAST TO THE
WEST MARGIN OF BAYVIEW DRIVE; THENCE NORTHEASTERLY ALONG THE
WEST MARGIN OF BAYVIEW DRIVE TO THE TRUE POINT OF BEGINNING;
EXCEPT ANY PORTIONS THEREOF LYING WITHIN "C" STREET OR BAYVIEW
DRIVE.
AMOUNTS DUE/PAID SELLERS
Total Purchase Price $72.000.00
Cash payment payable to Sellers at Closing $72,000.00
ADD Purchaser's Closing Costs to
Cash Payment Payable at Closing:
1% Real Estate Excise Tax
(1.78% Kitsap County
Treasurer) $1,281.60
Title Insurance Premium (Land Title Insurance
Company) 325.38
Recording Fee for Statutory Warranty Deed
(Kitsap County Auditor) 8.00
Total Purchaser's Closing Costs $1,614.98 ~
TOTAL CASH REQUIRED FROM PURCHASER TO CLOSE $73.614.98
PURCHASER'S CLOSING STATEMENT - 1
~U~LLACE.PCS - ~est Hills Closings - 6/4/96
It is understood by all parties hereto that real
property taxes for the 1995 tax year have been paid
and that said taxes become exempt as of the date of
closing. The tax amount previously paid will be
pro-rated and a refund will be returned to Sellers
by the Kitsap County Treasurer.
It is further understood and agreed 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.
IAN R.~IEVER
Bremerton City Attorney
PURCHASER' S CLOSING STATEMENT 2
PI~EASE TYPE OR PRINT REAL ESTATE EXCISE TAX AFFIDAVIT ~his form is yom' receipt when stmnped
PLEASE SEE REVERSE by cashier.
CHAPTER 82.45 RCW - CHAPTER 45861 WAC
For Use at County Treasurer's Of~ce
(Use Form No. 84-000lB for R~porth~ Tntnsfers of Controlling Interest of Entity Ownership to the Deparanent of Revenue)
THIS AFFIDAVIT W~LL NOT BE ACCEPTED UNLESS ALL AREAS 1--7 ARE FULLY COMPLETED
M ~ame Name CITY OF 8REHERTON
== CARON WALLACE
w
I ~ IStreet _ ~ _ : SU'ect 239 4TH STREET
I _ R 'MERTON WA 90312
~ I~lly/State/~ip : City/State/Zip BREMERTON WA 98337
~l ADDRESS ~D3 SEND ALL PROPER~TY TAX RKLATED COP~RESpoNrDENCE ALL TAX PARCEL NUMBERS
Name City Of ~reme~'c0n 222401-3-001-2004
239 4 th St~'eet
Street
Bx-eme~on WA 98337
City/State/Zip
l~l LEGAL DESCRIPTION OF PROPEI~TY sYrUATED IN [] UNINCORPORJ'tTED OR IN CITY
Bremmrton
COUNTY
OF
StmetAadress(ifpmpe~Visimpm,~a): 130§ 8ayview Drive
SEE EXHIBIT "A" ATTACHED
~ls this propet~y currently: YES NO [] Description of tangible personal property if included in sale (furniture,
Classified or designated as forest innd? [] ~ appliances, ete.)
Chapter 84.33 RCa//
Classified as em'rent use land (open space, farm []
and agricultural, or timber)? Chapter 84.34 RCW
Exempt from property tax as a nonpmfit [] ~ If e~emption claimed, list WAC number nad explanation.
' organization? Chapter 84.36 RCW
~(~/~ Seller's Exempt Reg. No. -- WAC No. (sac/Sub)
Receiving special ruination as historic [] ~[~ Explanation
property? Chapter 84.26 RCW
Property Type: [] land only [] land with new buliding
~3 land with previously used building [] land with mobile home ~vpe of Document Stat;ut;ora
[] timber only [] building only Date of Document ~ U ri e
Principal Use: [] Apt. (4 + unit) CZ residential
[3 timber [] agricultural [] commercial/industrial Gross Sale Price $
[] other Personal Property (deduct) $ .. -0~
Taxabte Sale Price $ 72,000.00
If the new owner(s) of land that is classified or designated as current use I ~7 (x~c~-[ 0 Local $ - 0-
or forest land wish to continue the classification or designation of such ~ ~
land, thc new owner(s) must sign below. If the new owner(s) do not desire Delinquent Interest: State $ -
to continue such classification or designation, all compensating or addi- Local $
tional tax calculated pursuant to RCW 84.33.120 and 140 or RCW Delinquent Penalty: State $ -0-
84.34.108 shall be due aed payable by the seller or transferor at the time
of sale. The county assessormustdetermineifthelandtransferredqualifies ~ Total Due $
to continue classification or designation and mast so indicate below. THERE IS A $'2.00 FEE I~R PROCESSING THIS FORM IF NO TAX IS DUE
Signatures do not necessarily mean the land will remain in classification
or designation. If it no longer quahfies, it will be removed and the corn- [] AFFIDAVIT
pcnsating taxes will be applied. All new owners must sign. I certify under penalty of perjury under the laws of the state of
This land [] does ~3 does not qualify for continuance. Washington that the foregoing is true and correet'(See back of this
form).
Date _ Signature of
DEPUTY ASSESSOR Grantor/Agent ·
(2) NOTICE OF COMPLIANCE (Chapter 84.26 RCW) Name (print) R i c W a l 1 e c e
If thc new owner(s) of property with special valuation as historic propert)
wish te continue this special valuation the new owner(s) must sign below. Date & Place of Si~ing doric ~10~ 1996 at,mort;on
If thc 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
(3) OWNER(S) SIGNATURE Name (print) ~erl ~. Sievecs,
Date & Place of Signing June 10, 1996 Bremert. on
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)il.~o l~.ars~(~q0.00)or by both inlpr)sonment
and fine (RCW 9A.20.020 (lC)).
REV 84 00Jla (6-16 95) tPD 6-19 95) FOR TREASURER'S USE ONLY TAXPAYER
EXHIBIT "A"
THAT PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHWEST
QUARTER, SECTION 22, TOWNSHIP 24 NORTH, RANGE 1 EAST,
W.M., IN KITSAP COUNTY, WASHINGTON, DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHWEST CORNER OF THE SOUTHWEST
QUARTER OF THE SOUTHWEST QUARTER; THENCE NORTH 89o51'35"
EAST 314.20 FEET, MORE OR LESS, TO THE WEST MARGIN OF
BAYVIEW DRIVE AND THE TRUE POINT OF BEGINNING; THENCE
SOUTH 89o51'35" WEST 100 FEET; THENCE SOUTH 00o02'54"
EAST 192 FEET; THENCE EAST TO THE WEST MARGIN OF BAYVIEW
DRIVE; THENCE NORTHEASTERLY ALONG THE WEST MARGIN OF
BAYVIEW DRIVE TO THE TRUE POINT OF BEGINNING; EXCEPT ANY
PORTIONS THEREOF LYING WITHIN "C" STREET OR BAYVIEW
DRIVE.
Memorandum
To: Cherie Heruy
From: Jackie CronkQ~C&-'C~ ~
Dat~: August 18, 1998 ~
Re: Cty s Purchase of 1305 Bayvlew Drive from Ric B. and Caron E. Wallace
Land Title File No. E-105700-3
Please find attached hereto an original Appointment of Successor Trustee and Deed of
Reconveyance, which documents were recently recorded with the Kitsap County Auditor, for your
file.
:is concerning another very old real estate transaction wherein the City purchased 1305 Bayview
l~ f~om Ric B. and Caron E. Wallace. The City never received final title because of an existing
~gage balance showing up against the property, which mortgage balance the City paid at closing
0f ~Saction: hack in June of 1996. I was finally able to obtain a Deed of Reconveyance from
~ IllOggage company, Bancoklahoma Mortgage Corporation of Tulsa, Oklahoma. I called Land
T!tI~ l~ request the Commitment for Title insurance on this property. I was informed that our office
shoed ~x'-pect to receive the same within the next month or so We will forward the title policy to
~la a~ ~,ootl as we receive it.
Pi~ tet us lmow if you have questions
~ttachments: as cited
cc/w/enc: Paul Lucas, Public Works & Utilities
IAN R. SIEVERS, City Attorney
239 4th Street · Bremerton, WA 98337 · (360) 478-5345 · FAX (360) 478-5161
DATE: May 23, 1996
TO: Kathleen McCluskey, Director of Administrative Services
/
FROM: Nina Neimoyer, Office Assista~/~//
RE: 1305 Bayview Drive
Wallace/City of Bremerton Transaction
Please find attached hereto the Preliminary Title Insurance Policy and Supplements 1 and 2
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 Wallace, and the City of Bremerton.
Please call our office if you have any questions in this regard.
Equal Opportunity Employer
EXHIBIT NO.
P.o. 3 688
Tulsa, OK 74153-0688 F'~¥OF:F S
~Telephone (~) 947-7061
(918) ~8-7060
~NEND[[[) S-f'iMT.-.Y/N N
I~E(~UE:STING F'~RTY:
~];C B WALl_ACE:
~TJ(')5 BAYVIEW DR ORD
ESC
BRIEMERTON WA ~8~2
LOAN TYPE: VA
CASE NO/SEC:
F~I~]: BC.U'~I~OWEI~ NAME RIC B WAI...I...ACE
PROPERTY ADDRE:SS ~05 BAYVZEW DR
BRIENI~RI'ON b, lA S~(~3'i 2
TFIIS F'AYOF'F QUOTE IS E~LIBJEC'T TC) CERTAIN CONI)ITIONS WHICH ARE
I...ISTE:D BEI..OW. IF YOU HAVE ANY q~JE:STIONS F'LEASE CAI. I_ OUR CUSTOMER
SERVICE DEPARTMENT AT 4.-..8~-947-...7(.)6~ OR IN THE TOLSA AREA CALL.
488.,-7G6 ~.
F'LEASE VERIF'Y THIS QUOTE IS FOR TFIE PROPER MORTGAGOR AND F'ROPERTY
ADDRESS, PI_EASE REFERENCE OIJR I_OAN NIJNBER ON ALL CORRESPONDENCE.
BOHC WIL. L. NOT BE RESPONSIBLE EOR THE TIMELY POSTING OF' PAYOI::F'S IT
CANNOT IDENTIFY. ADDITIONALLY, WE WII_I_ NOT GIVE VERBAl_ ~UOTES,
ALI_ PAYOFFS HUST BE DELIVERED l'O THE. BOHC F'AYOFF DEPARTME:N'I IN
TUI_SA, OK. DO NOT DELIVER PAYOFF CHECKS l'O A BRANCH OF BANK OF
OKLAHOMA, OR BANCOKLAHOHA MORTGAGE CORF'~ ODE STREET ADDRESS IS:
PAYOFF DEPARTMENT
BANCOKL. AHOMA MORTGAGE CORP,
'?~6~ SOUTH YALE AVE~ SUITE
TULSA, OK 74~ ~6--.56~ ~
PAYOF'F' FUNDS RECE:IV[~:D BY THE F'AYOF'F DE:F'ARTMENT AF"TER 2:GO
CENTRAL TIME WIL. L BE PROCESSED TFIE NEXT BUSINESS DAY AND
WIL. L BE CALCULATED ACCORDINGLY,
IF' THE MONTHLY F'AYMEN] IS AUTOMATICALLY DRAFTED, ;)0 NO'f STOF'
F'AYNENT ON A DRAFT, ALI- DRAF'f'S SHOOI_D BE CANCELLED THROUGH
PI...EAS[~: MAlt.. 0[( FAX A RE:r4UEST TO TI-IE AUTODRAF'T
AIJI'ODRAF'f CANCEI..LAf]:ONS CAN BE PROCESSED DP TO ;3 BI.IS]:NI:~i~J;S DAYS
PR:[OI:( TO DRAF'[ DATE:, itl::' THE DRAF'T IS PROCE~SSED AND TF.IE PAYME:N'~
AMOUNT :l:S ~l..SO INCI. UDE:D IN THE F'~YOFF~ '~I..IE E:XCE:SS ~]:1...I.. [~iE: F'I...~CIE~
IN THE: E]SCROW ACCOUNT AND REF:ONDED,
~NY I~E'I'LJRNED CHE:CK OR DR~F'T HZU... VO:[D THE F'AYOF:F: Af-JD NO I.]E:N ~II.i...
BE: I~ELEASE:[) LINT[L WE: I:?[~CC]VER THE
UPON I~ECE:IPT I::'ltOM THE NC]¥EI.~OL. DIER, CANCELLED LOAN DO(:;L.I~I~:N'[S WII..L
BE' SE~NT TC] 11.-I1~: F'AR'TY SENDING PAYOFF FUNDS UNLESS WE: ARE: NOTZFZE:D
PAYOi::I:: STATEMENT
P.O. Box 35688
Tulsa, OK 74153-0688
Telephone (800) 947 -7061
(918) ~8-7~0
A~ENDED STAFEHENT-Y/N N
RIC B WALL.ACE
CL!F;'.RENT LOAN INFORMATION IN]ERE:S~ I::'A]:D lO DATE G5/¢1/96
IN'fERIEST RATE 7~500¢9
TAXES PAID l'O DA'TE
LOAN ]:N F(]REE:LOSt]RE-'~Y/N N
TH]]S PAYOFF IEXF'iRES 06/G1/96
PRINC[F'AL BALANCE $ 40725,6G
INTEREST FROM 05/0t/96 'fO 06/Gt/~76 $ 254,54
MONTHLY MI:F:' OR PHI TO 06/¢t/96
IES'TIHATED ESCROW D:I:SF'ERSEHENTS $
ESCROW ADVANCE: BAL. ANCE $
ACCUMUI_A'f'IED l. Al'E CHARGE $
F'AYO¢I:: STATEMENT FE:E $
'rO'rAL Al.l_ OTHER I::EES
F'AYOFF FAX FEES
OPIlONAI_ INSIJRANCE DUE $
CREDIfS APPLIED TO F'AYOFF'
ESCROW IMF'OUND FUNDS
UNAPPLIED FUNDS HELD $
TOTAL REQUIRED TO PAYOI::'F LOAN $
FtJNDS RECEIVIED AFTER 2:ee
ADDITIONAL. DAYS OF INTEREST~ INTEREST F'E:R DAY IS $
I...OAN TYPE: VA
L.H OR CASE NO:
ISSUANCE OF THIS STATIEMENT BORS NOT SUSPEND THE BORROWERS
OBLIGATION TO MAKE; MORT6AGE PAYMENTS WHEN DtJE, A LATE CHARGE OF:'
$ Q.Q8 WILL BE ASSESSED t6 DAYS AFTIER A CURRENF PAYMENT
IS Df. IR AND SHOULD BE ADDED TO THE PAYOFF TOTAL I1::' RECEIVED AFTER
THAT 'lIME,
IF THE PAYOF'F EEMIYTANCIE IS I..ESS THAN REQUIRED, FUNDS SUFFICIENT
TO COMPLETE THE PAYOFF WIl..l_ BE WIfHDRAWN FROM ESCROW IF AVAILABI_E
IF FUNDS ARE STILL INSIlFF'ICIENT, THE F'AYOF'F WI/.L BE REfURNED WITH
A NEW PAYOFF QUOTE. ANY ADDIT];ONAL. INTEREST WII...L BE DUE AND
PAYAB[ E,
TPHE RElAINE[) ESCROW BALANCE OF $ ;!;'~7,4(') MAY CHANCE DUE TO
RECE]ZI::'f'S AND/OR DISBURSEMEN'f'S FROM TI'IR ACCOU
DO NOT DEDUCT l'l-lE; ESCROW BAI...ANCE FROM THE F'AYOFF AMOUNT. IF' WE
ESCROW F:0R TAXES AND/OR INSURANCE WE WILL CONTINtJE TO F'AY THESE
IFEMS UF' TO TI'tE DAY PAYOFF:' IS RECEZI;VE;D,
A lOAN WILL NOT I:~E PA];D IN FUI..L, AND INTEREST !4;I;~.~.. CONIlNUE f'O
ACCRt. JE ~ UN'I];I... WE RECIE[VE REPAYidEN/ 0t: ANY ~:UNDS WE ~AY HAVE
ADVANCED TO PAY ESCROW ITEMS,