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Home My WebLink About9607080007 Filed for Record at Request of: Bremerton. Washin9ton 98337 KITSAP COUNTY $9.00 CHCK FILED-BY: BAElERTON CITY OF ..... &, 1996, 8: 58 Nt IWD FLY"" AOOITOR ClERK: FREaIAN A. F..: 960708OD07 ~.... 091. 8 FR 0296 When Recorded Return to: Name Bremerton citv Clerk Address 239 Fourth street 1224 Cottman Avenue - Smith STATUTORY WARRANTY DEED (For Use in the state of Washington Only) THE GRANTORS, LLOYD ROBERT SMITH and CLARA BELLE, husband and wife, for and in consideration of good and valuable consideration, 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: PARCEL I: LOTS 16 AND 17, BLOCK 3, OLE HANSON I S NAVY ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. PARCEL II: LOT 18 AND THE NORTH 10 FEET OF LOT 19, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF J 4- '? S-~ KIT SAP COUNTY, WASHINGTON. TSAP COUNTY . ~t l IANSACTION EXClS~AtJI&D this ,,,(, day of ,,~ ^ , 1996. 'AID Jl!L 8 1996 MOUNT t 00 I 0 D ~UR" STATE OF ~~ U; Y ROBERT .~ ~ 13~~~ ~ CLARA BELLE SMITH 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, \\ STATUTORY WARRANTY DEED -1- SMITH.SWD - West Hills Closings - 6/20/96 ~. personally appeared LLOYD ROBERT SMITH and CLARA BELLE SMITH, 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. '"'1...;+......... GIVEN under my hand and official seal this~ day of 1996. '-" ota~ Public i,n ,a d f~e~S~"'t~ ". \.'c~'~ , resJ.dJ.ng at: "__ ,,'. ;: My appointment expires:" . ':; f;" ! -~,.,." '.." ,,, .." ';:~ g '~, J~, J~"J.>",:~ j' '" . ,..,. .t'"(,,::'''' .. \;-\'" ; i\' \~\'\' ~ ,~';;'; Jill Iii, \.'.;l .!'" .../.o ,///.;_ ... ~." ,,~.., . .>1 .,~, ~. - ~. / ';,. ~.b9~~~~ STATUTORY WARRANTY DEED -2- SMITH.SWD - west Hills Closings - 6/20/96 REAL ESTATE PURCHASE AND SALE AGREEMENT 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 undersigned Sellers hereby agree to sell the following described real estate located in the City of Bremerton, county of Kitsap, commonly known as 1224 COTTMAN AVEllUE. BREMERTON. WASHINGTON, and legally described as follows: SEE ATTACHED EXHIBIT "A" 1. PURCHASE PRICE: The total purchase price is NINETY-FIVE THOUSAND Dollars ($95.000.00). 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 INSURANCE: 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 encumbrances or defects noted in paragraph 1 above. If title is REAL ESTATE PURCHASE AND SALE AGREEMENT -1- REPSA.AG'f - AqreeEnt ForlS - 3/15/95 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 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. \.~ Sellers shall deliver possession to Purchaser on closing, or . : ~ c30 days after closing. Sellers agree to pay Purchaser the sum 04/1; / , /:'_ of $ f) for each day of possession beyond date of closing. ~t5e3 '.t(.s.77PJI( ossession shall be deemed given when Sellers have vacated the ~~ remises and delivered the keys to same to Purchaser or to closing ~ gent. said a ment shall be the sole responsibility of Sellers. 6. POSSESSION: Y: Purchaser offers to purchase the property in its present conditions 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 I or before Twelve o'clock midnight on \~ \lI The Attc;>rney Ji._ j 9. TIME FOR CLOSING - RESPONSIBILITIES OF PARTIES: sale shall witbitl 45 be closed in the office ti;:lY~ afr~r prelimiRary . . . of the Bremerton City title , and The c'ity 19 Purchaser REAL ESTATE PURCHASE AND SALE AGREEMENT -2- REPSA,AGT - Acp:eetellt Pons - 3/15/95 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, th9 QWRer'S s'tal'lall.:ra titlQ. If insuraRsB policy I Ann ~ny r~,ql es+-:::.'t4i' 9xc-ifi9 tRY """olat.cd to Lln::: sale prnp9rty. 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 ;:,e,spe9ti ve SE!ller}l. Tille /AJ/:,(J. mAJUf" ",~ aI lS/itte MtJ/$ /a.x t!1S and /'LI'tJd;{) ~7!Jf2p I!!/d L>C/ttircAd..Se-..es 1"7 12. DATE O~C OSING: . 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 covering, 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, awnings, ventilating, cooling and heating systems including build 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. ATTORNEY'S 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 attorney's 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- REPSA.AGT - AgreeaeDt FollS - 3/15/95 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. Sh~\q0 Date CITY OF BREM~JON BY: ~ -J. 1/..L LY HORTON, Mayor PURCHASER DEPARtNT ctor of Public Works & Utilities W. EUGENE ~ IAN L . SIEVERS, FORM: City Attorney Purchaser's Address: Bremerton City Hall Attention: Kathleen L. McCluskey, Clerk 239 Fourth Street Bremerton, WA 98337 Purchaser's Phone: (360) 478-5290 ******* On this date ~.b/~ o?9:; /p<?r; , , we hereby approve and accept the sale set forth 1n the above agreement and agree to carry out all the terms thereof on the part of the Sellers. q IU~ 5'3c;-J.:o-3rm q... f-~ B,4~ ~f?oC;;3~~7~f> Sellers' Address: Sellers' Phone: REAL ESTATE PURCHASE AND SALE AGREEMENT -4- REPSA.AG'f - Agreaent Pons - 3/15/95 ******* A true copy of th hereby received on oregoing agreement ,S\~~d~y.sellers is v Bremerton City Attorney/ Agent for Purchaser RECEIVED FOR FILING: ~~ KATHLEEN L~EY, CITY CLERK REAL ESTATE PURCHASE AND SALE AGREEMENT -5- RRPSA.AG'f - Aqreeaent Foras - 3/15/95 ~ EXHIBIT "A" I REAL ESTATE PURCHASE AGREEMENT BETWEEN THE CITY OF BREMERTON AND LLOYD R. SMITH FOR PROPERTIES IDENTIFIED BELOW BY THEIR LEGAL DESCRIPTIONS AND C~NLY KNOWN AS 1224 COTTMAN AVENUE, BREMERTON, WASHINGTON: PARCEL A TAX ID NUMBER: 4546-003-016-0009 HANSOMS OLE NAVY YARD ADDN BLK 003 LOT 16 & 17 PARCEL B TAX ID NUMBER: 4546-003-018-0007 HANSOMS OLE NAVY YARD ADDN BLK 003 LOT 18 BLK 003 LOT 19 N 10 FT ! ,. \; ~ j; .~ I~ i ~ i j; f. f. !i: !; ~ !; ~/ .x<'/~.) / I.. J l'j.. AMERICAN LAND TITLE ASSOCIATION OWNER'S POUCY (/0.17-92) 48 0025 106 03271 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 staled 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, 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: LAND TITLE COMPANY OF KITSAP COUNTY, INC. 400 Warren Avenue Bremerton, Washington 98337 (360) 377.0133 CHICAGO TITLE INSURANCE COMPANY By: By: ~;~ ALTA Owner's Policy (10-17-92) I ~. ., l ~ :iI ~ i ~ I, LAND TI'l'LB COMPANY OF II'I'SAP COUJft'Y ALTA OWNER'S POLICY STANDARD SCHBDULB A Office File No.: E-108836-3 Policy NuIIber: 48 0025 106 03271 Date of Policy: July 8, 1996 at 8:58 a.... ~iua: $95,000.00 $343.00 A80unt of IlIIIurance: 1. _ of ID8\Jred: CITY OF BREMERTON, a municipal corporation 2. '1'he estate or interest in the land which is covered by this policy is: A FEE 3. Title to the estate or inter_t in the land is vested in: THE NAMED INSURED 4. '1'he land referred to in this policy is described as follows: SEE LEGAL DBSCRIP'l'ION A'l"l'ACHED ON "DHIBI'I' A- AIlD BY IIKFBIIBNCB IlADB A PART HBRBOF SCHEDULE A ALTA Owner's Policy 10-17-92 EXHI1l1'1' 'A' Office File MO.: E-108836-3 DESCRIP"I'ION: PARCEL I: LOT(S) 16 AND 17, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. PARCEL II: LOT 18 AND THE NORTH 10 FEET OF LOT 19, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. Office File No.: E-108836-3 SCHEOULB B Policy No: 48 0025 106 03271 BXCEP'I'IONS FROII COVJi:RllGll This policy does not insure against loss or daaage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: GBNBRAL UCKP'rIONS: A. Rights or claims disclosed only by possession, or claimed possession, of the. premises B. Encroachments, and questions of location, boundary and area disclosed only by inspection of the premises or by survey. C. Easements, prescriptive rights, rights-of-way, streets, roads, alleys or highways not disclosed 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 or not shown as existing liens by the public records. F. Any service, installation, connection, maintenance, tap, capacity or construction charges for sewer, water, electricity natural gas or other utilities, or garbage collection and disposal. G. Reservations and exceptions in the United states Patents or in Acts authorizing the issuance thereof; Indian tribal codes or regulations; Indian treaty or aboriginal rights, including easements or equitable servitudes. H. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes. I. Water rights, claims or title to water. FOR SPKCIAL KltCBPTIONS, lID AT'l'ACIIBD Office File NO.: E-l08836-3 SPECIAL EXCBP'fIONS: 1. Easement, including instrUlletlt; Recorded: Recording No: For: Affects: 2. General taxes for the 31, 1966, if unpaid; Amount: Tax Account No.: Affects: Levy Code: Land Value: Improv...nt Value: Policy NO.: 48 0025 106 03271 ALTA S'l'ANDARD 0WIlBRS POLICY SCHEDULB B - oont' d its terms, covenants and provisions as disclosed by June 24, 1957 663069 sewer pipeline Lot 18 second half of 1996, which become delinquent after October $491.13 4546-003-016-0009 Parcel I 1170 $16,940.00 $45,400.00 3. NOTE: General taxes for the full year bill in an amount of $982.26. second half of 1996, which become delinquent after October General taxes for the 31, 1996, if unpaid; MOunt: Tax Account No.: Affects: Levy Code: Land Value: Improv...nt Value: $66.23 4546-003-018-0007 Parcel II 1170 $7,260.00 $1,550.00 NOTE: General taxes for the full year bill in an amount of $132.46. SC/bl END SCHEDULE B IL OWNER'S POLICY ENDORSEMENTS: NONE U"-IICN (.....) . ,;:,p is for . I I . ;ce 19 &dOUr ~.. J.L. I - -- - - -- :- - - -"'1110 b felrflllt~f1ovri ., -11111' lOt :nCOrrect. the... /lateels. W:''':! ~t/l.. ..... ; / _ ~ ~~ .!!J!./lJpam, ,I" ". ..... ______-;----_.------ I~tingb ""',,"'~I'" ..... I _ _ _ ..1-_ _ _ _ LAND ~~1:h~~~on Y teaser ;' ;:-"~ ,~......./ /_ ,V;PANY ........... tv u t 1 ... c:: "' "' ...... ... "- '" %~ , LiNE J --- - ...- ....'.~ - , ~,-",/ ....- -- ./ ~-- -- , ....-..... /....- /" ./ /" ./ . ~----: - ; ~~~_;.~E~e.:.;~~ ~----- .KV. 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'.. j "',' r-- ..--- \ -ll' Ii \ AVe . .\ --.--- - - - :-- BA.'" ,I 'I I A.SETTLEMENT STATEMENT B. TYPE OF LOAN U.S. DEPARTMENT OF HOUSING . AND URBAN DEVELOPMENT OMB No. 2502-0265 1. 0 FHA 4.0 VA 2.0 FmHA 3.0 CONV.UNINS. 6. Fi Le NlIJ1ber: 5.0 CONV.INS. S-11255-CA 7. Loan Nunber: 8. Mortgage Insurance Case Number: 1580414 C NOTE This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the . : settLement agent are shown. Items marked lI(p.a.c)" were paid outside the closing; they are shown here for informatlonal purposes and are not inclUded ln the totals. D.NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SEllER/TAX I.D.: F. NAME AND ADDRESS OF lENDER: BRUCE W. SMITH CITY OF BREMERTON U.S. Bank 6547 24TH AVE. NW, #2 SEATTLE, WA 98117 G.PRaPERTY lOCATION: 1224 COTTMAN AVENUE BREMERTON, WA 98312 239 Fourth Street Bremerton, Wa 98337 H.SETTlEMENT AGENT: LAND TITLE ESCROW PLACE OF SETTLEMENT: 9657 LEVIN ROAD N.W., SILVERDALE, WA 98383 6000 Atrium Way Mt. Laurel, N.J. 08054 I.SETTlEMENT DATE: SUITE 110 12/04/98 J. S\MVlARY OF BORROWER'S Tl-ANSACI'ION K. SUVMARY OF SELLER'S 'ffiANSACI'ION 100. GROSS AMJUNI' DUE FRa.I BORROWER: 400. GROSS AMJUNI' DUE ro SELLER: 101. Contract Sales Price 401. Contract Sales Price 74,497.00 102. Personal "fooertv 4D2, Personal orooertv 103. Settlement charoes to borrower (line 14DO) 4D3. lD4. 4D4. 105. 405. Adiustments for items naid ~-seller in advance Adjustments for items naid hv seller in advance 106. Citv/town taxes to 406. Ci tv/town taxes to 107. COlllt" taxes to 407. County taxes to 10B. Assessments to 40B. Assessments to 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 120. GROSS AMJUNT DUE 420. GROSS AMJUNT DUE FRCM BORROWER ro SELLER 74,497.00 2aD. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: SOD. REDUCTIONS IN AMOUNT DUE TO SELLER: 201. Deposit or earnest money 501. Excess denosit (see instructions) 202. Principal amount of new loan(s) 502. Settlement charces to selLer (Line 1400) 13,147.69 2D3. Existing loan(s) taken sLdJject to 503. Existina loan(s) taken subiect to 2D4. 5D4. Payoff of first mortaaae loan 2D5. 5D5. Payoff of second mortcaae loan 206. 506. 207. 507. 20B. SOB. 209. 509. Adiustments for items unnaid bv seller Adjustments for items uncaid bv seller 210. City/town taxes to 510. Ci tv/town taxes to 211. Countv taxes to 511. Countv taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 21B. SIB. 219. 519. 220. 'IOTI\L PAID BY/FOR 520. 'IOTI\L REDUCTION AMJUNI' BORROWER DUE SELLER 13,147.69 300. CASH AT SEI'I'LEMENI' FRCM/ro BORROWER 600. CASH AT SEITLEMENI' ro/FRCM SELLER 301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420) 74,497.00 302. lessamountsnaidbv/for borrower(line 220) 602. Lessreductionsinamountdueseller( l ine520 13,147.69 303. CASH( 0 FRa.I) ( 0 ro)BORROWER 603. CASH ( ~ro) ( 0 FRCM) SELLER 61,349.31 I have careful I\! reV1ewf>l'l the HlJ)-1 Settlement Statement and to the best of Icnowledae and bel1ef 1t 1S a true and accurate Y db. myh 9. statement of all receipts and disbursements ma e on my account or y me 1n t 1S transact10n. received a copy of the HUD-1 Settlement Statement. I further certify that I have CITY OF BREMERTON Borrowers Sellers The HUO-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with this statement. SettLement Agent Date Warnin9: It is a crime to knowingly make false statements to the United States on this or any similar form. HUD-1 (8-87) Penalt1es upon conviction can include a fine and imprisonment. For details see: Title 18 U.S. Code Section RESPA, HB 4305.2 1001 and Section 1010. Previous edition is obsolete. L. SETTLEMENT CHARGES 700. TOTAL SALES/BROKER'.S COMMISSION based on orice $ 74 4S17 00 @ Division of commission Cline 700) as folLows: 7Dl. $ 2 607 40 to WINDERMERE 702. $ 1 006 ., g to ,JOHN L srOTT -?,- %= PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAlO FROM SEllER'S FUNDS AT SETTLEMENT 703. Commission paid at Settlement " ,;n. 7q 7D4. , , 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Oriftination Fee % 802. loan Discount % 803. A~raisaL Fee to "cc~ 0_0 co 804. Credit R--ort to Ri roc 'm~ri r. ,,0 00 805. Lenders Insnection Fee 806. Mortnane Insurance A~lication Fee to 807. Ass.--tion Fee 808. T_~___.' -- R~~ "C 'bn'" "0 00 809. -- n; r. _" .--;;-, r,.' _n D~CT ??_o 810. UnTAh_ . "C "on'" A CO 0 CO 811. 812. 813. 814. 815. 816. 900, ITEMS REnUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest from T 0--;;:'--;;:;: to T 0 lo T j;'-;;- @$ T A ?T MM ldav <'6.<7 9D2. Mort~afte Insurance Premium for months to '" D..nA' -- R~~ 9D3. Hazard Insurance Premium for years to 'T'r Rr 1 1 r... O?A 00 904. Flood Insurance Premium for ears to 9D5. 1000. RESERVES DEPOSITED WITH LENDER 1001. Hazard Insurance . months @$ TO. C7~r month "';.00 1002. Mortnane Insurance months @$ ......1' month 1003. Cit" ~ro-ertH taxes months @$ nPr month 1004. Countv nronertv taxes A months @$ 1 co co ~r month ACO co 1005. Annual assessments months @$ ......1' month 10D6. Flood i nsur ance months @$ rw:>r month lD07. months @$ ......r month lD08. months @$ .......r IOClnth 1100. TITLE CHARGES 1101. Settlement or closinn fee to l.on" 'T'ov 0 _co co 1102. Abstract or titLe search to 1103. Title examination to l1D4. Title insurance binder to liDS. Document nrenaration to 1106. Notal''' fees to l1D7. Attornev's fees to 'includes above items nunbers: , 1108. TitLe insurance to '__A '1'i!-l ~ ';04.00 'includes above items nunbers: \ llD9. lender's covera~e $ 7_0A7OOO O~_ M "'O~ '" ?? ?O 1110. Owner's covera~e $ 7A An7.M '" .on M ",,,, '" ?,; ,;" 1111. Sales Tax Escrow Fee l.on" "',.,- AO._O 1112. Sales Tax Owner's PoL icv Fee l.on" "',., ?C.C_ 1113. Sales Tax lender's Polic" Fee Ton" ",i" ~ ?? ?R 1114. 1115. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recordin~ fees: Deed $ '0 M :Mortoaoe $ ?_ no :Releases $ "'00 1202. City/county tax stamns: Deed $ :Mortnane $ 1203. State tax'stamns: Deed $ :Mort"a~e $ 1204. Excise Tax 'T'OY '" 1205. 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Surve to 1302. Pest insnection to 1303.1000 01:' ," . 1 on. 00 13D4. n. , , . ~~. ~i rH _, 71.17 1305. Hr i 1 , h. D" 1 i n_ "r~m_" r "'. A < 1306. 13D7. 13D8. 13D9. 1310. 1311. 1400. TOTAL SETTLEMENT CHARGES/enter on Lines 103 Sect J and 502 Sect K' n 1A~ co Supplement To CLOSING AGREEMENT AND ESCROW INSTRUCTIONS For Purchase and Sale Transactiou Including Inslructions to Record Documents and Disburse Funds ESCROW NO. S-1l255-CA PRELIMINARY TITLE COMMITMENT NO. E-126292 DATE: TO: LAND TITLE ESCROW 9657 LEVIN ROAD N.W., SUITE 110 P.O. BOX 2737 SILVERDALE, WA 98383 This is a part of the Closing Agreement and Escrow Instructions signed by the parties under the Settlement Agent's escrow number set forth above. Except as expressly modified, changed or amended by this supplement, all terms and conditions of the Closing Agreement and Escrow Instructions and any previous supplements, additions or amendments thereto, shall remain in effect. 'THE SELLER HAS APPROVED, SIGNED AND DEPOSITED THE FOLLOWING WITH THE SETTLEMENT AGENT UNDER THESE INSTRUCTIONS: -Real Estate Purchase and Sale Agreement -Statutory Warranty Deed -Real Estate Excise Tax Affidavit -1099-S IRS Input Form "THE BUYER HAS APPROVED, SIGNED AND DEPOSITED THE FOLLOWING WITH THE SETTLEMENT AGENT UNDER THESE INSTRUCTIONS: -Real Estate Purchase and Sale Agreement -Statutory Warranty Deed (read and approved) -Real Estate Excise Tax Affidavit -Net proceeds due per Escrow Settlement Statement -Lender loan documents "BY SIGNING THIS DOCUMENT, EACH PARTY ACKNOWLEDGES: 'Conditions of Parties' Agreement Satisfied.' All Ierms and conditions of the parties' agreement have been met to my satisfaction, or will be met, satisfied, or complied with outside of escrow. *Title Report Approved. ' The CommitmenI for Title Insurance, including tlle legal description of the property and all altachments, supplements and endorsements 10 that report, issued under order number E -1262 92 are approved by me and made a part of these instructions by this reference. *SettlemenI StatemenI Approved. * The settlement statement prepared by the settlement agent is approved by me, made a part of these instructions by this reference, and I agree to pay my costs, expenses and OIher obligations itemized on that statement. I understand tllat any estimated amounts will be adjusted to reflect the exact amOUnIS required when the funds are disbursed, that the settlement statement continues to be subject to audit at any lime and if any monetary error is found, the amonnt will he paid by the party liahle for such payment to the party enIitled to receive it. "BY SIGNING THIS DOCUMENT, THE BUYER FURTHER ACKNOWLEDGES: 'Property Approved.' I have had adequate opportunity to inspect the property and to determine the exact location of its houndaries. The location and physical condition of the property and any buildings, improvements, plumbing, heating, cooling, electrical or septic systems on the property are approved. I understand tllat all inspections and approvals of the location and physical condition of the property are my snk responsihility and are not part of the settlement agent's dUlies and responsibilities. I herehy release and agree 10 hold the settlement agent hannless trom any and all claims of liability for loss or damage arising or resulting from any physical condition or defect on the property, or from the location of its houndaries. "THE SETTLEMENT AGENT IS INSTRUCTED TO PROCEED AS FOLLOWS: *Instruction to Close. * The settlement agent is instructed to perform its customary closing duties under these instructions, 10 deliver and record documents according 10 these insIructions, and 10 disburse the funds according to the settlement statement, adjnsting estimated amounts, when the settlement agent has the documents required to close the transaL:tion in its possession and has, or will obtain when the documents have been delivered and recorded: Sale proceeds for the seller's account to be disbursed according to the settlement statement, and ADDITIONAL INSTRUCTIONS - continued ESCROW NO.: S-11255-CA 1. THE UNDERSIGNED SELLER (Borrower if this is a refinance) HEREIN states to escrow that the proceeds check shall be: Picked up (please call # Mailed to the following address Deposited to account in accordance with the enclosed deposit slip Wire funds in accordance with instructions provided. 2. Escrow Holder is authorized and instructed to incorporate verb age from that certain Disclosure, Waiver and Release into the Statutory Warranty Deed and will show this item as "Subject toll. Said item will be conveyed with the ownership of subject property. AFTER RECORDING MAIL TO: Name Bruce W. Smi th AddreSSl224 Cottman Avenue City, Stale, Zip Bremerton. WA 98312 ~~;'" CD+} ~,~ :. Llf :. \'" ..' ,$ '%"J'TUO'<< Statutory Warranty Deed LAND TITLE COMPANY OF KITSAP COUNTY E-126292 Escrow No.S-11255-CA THE GRANTOR CITY OF BREMERTON, a municipal corporation for and in consideration of TEN DOLLARS AND OTHER VALUABLE CONSIDERATION in hand paid, conveys and warrants to BRUCE W. SMITH, a single person the following described real estate, situated in the Counly of Kitsap , Slate of Washington: Complete Legal Description attached hereto as Exhibit "A" on page 2 Abbreviated Legal Description: Lots 16, 17, 18 and ptn of Lot 19, Block 3, Ole Hanson's Navy Yard Addn., Volume/Page 4/56 Parcel No. 4546-003-016-0009/4546-003-018-0007 Dated: December 1, 1998 ..................................................................... . READ'; "AC'CEP>j;ED' 'AND" APPROVE.D.;.................. CITY OF BREMERTON, A Municipal Corporation By':'" Lynn' Hor'ton;" Mayor............................. 'By;'" 'otenna' Malan'ca;" 'c';: ty' Attorney....... STATE OF washington COUNTY OF Kitsap On this day of , 19__, before me personally appeared Lynn Horton, to me known to be the Mayor of the corporation that executed the within and foregoing instrument, and acknowledged the said instrument to be the free and voluntary act and deed of said corporation for the uses and purposes therein mentioned, and on oath stated that she is authorized to execute said instrument. Notary Public in and for the State of Washington Residing at: My appointment expires: LPB-10 EXHIBIT A FILE NO. E-126292 ESCROW NO,S-11255-CA PARCEL I: LOT(S) 16 AND 17, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. PARCEL II: LOT(S) 18 AND THE NORTH 10 FEET OF LOT 19, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. Subject to: 1. Easement as dedicated For: on the face of the plat of said addition; slopes, also the right to drain all streets over and across any lot or lots where water might take a natural course after the street or streets are graded. said premises and other property Affects: 2. Easement, including by instrument; Recorded: Recording No: For: Affects: its terms, covenants and provisions as disclosed June 24, 1957 663069 sewer pipeline Lot 18 3. The City of Bremerton's operation of the Waster Water Treatment Plant (WWTP) located in the vicinity of the Property. Buyer is aware, and acknowledges, that the past operations of the WWTP resulted in lawsuits filed by neighbors living on properties on or near the subject property. Buyer, its successors and assignsl hereby waives and releases the City, its employees, agents and contractors or others acting in the lawful operation of the WWTP, Collection system and utility, from any claims, damages or liability of any nature arising from said operations, whether said claims are for actions in the past or occurring in the future. @ 1998 . . TYPICAL RESTRICTED ACCESS TOO SMALL -. TOO LOW WET DEBRIS PERSONAL ITEMS RESTRICT VIEW SYSTEM INSPECTED EVIDENCE OF WATER TYPE CRAWLSPACE BASEMENT SLAB PIERS MATERIAL WOOD BLOCK CONCRETE STONE TYPICAL EXTERIOR CRACKED EVIDENCE OF SETTLEMENT SITE SliPPAGE ~ MASONRY BRICK BLOCK STONE STEEL FRAME WOOD SILL RIM JOIST GIRDER RAFTERS COLUMNS TRUSSES TYPICAL EXTERIOR CRACKED EVIDENCE OF SETTLEMENT RUSTED or DAMAGED liNTEL FAiliNG MORTAR UNREPAIRED ELEMENT TRADES DAMAGED ELEMENT POOR 8EARING TEMPORARY SUPPORTS CUT or DAMAGED SHEETING PHYSICAL DAMAGE EFFLORESCENCE IS THE SILL 80LTED DOWN TO THE FOUNDATION? Y R N FOUNDATION VENTS WINDOWS DOORS TYPICAL 8ROKEN or MISSING PHYSICAL DAMAGE MOLD EFFLORESCENCE CONDENSATION .. ... I'" . . . SUMP PUMP FLOOR DRAINS VAPOR BARRIER NONE .. ... . eo . IMPROVEMENTS SWALES WINDOW WELLS RETAINING WALL I TERRACES COMMENTS FUNCTIONAL NEGATIVE DRAINAGE MIXED DRAINAGE NEEDS SWALES ADEQUATE File/Case Number ~~ 4:\ FOUNDA TIONS/BASEMENTlSTRUCTURES 3 @ 1998 RESTRICTED INACCESSI8LE AREAS HOUSE UNOCCUPIED RN <!) N X MAINSUPPL'r LINE X X OBSERVATIONS MATERIAL COPPER IRON PLASTIC SHUT OFF VALVE y.. CRAWLSPACE BASEMENT GARAGE OUTSIDE >L- METER Y TYPICAL LEAKING CORROSION NO VALVE TEMPORARY REPAIRS X PLUMBING LINE MATERIAL X X OBSERVATIONS SUPPLY PIPING COPPER GALVANIZED PLASTIC PVC CPVC WASTE PIPING CAST IRON GALVANIZED COPPER ABS INSULATED UNINSULATED TYPICAL POSSIBLE ASBESTOS CORROSION POOR BEARING PHYSICAL DAMAGE TEMPORARY REPAIRS K K-\ 'Ceo X WATER PRESSURE AND DRAINAGE FLOW X OBSERVATIONS ~ SUPPLY FUNCTIONAL FLOW ADEQUATE FLOW WASTE FUNCTIONAL NON FUNCTIONAL VENTING TRAPS I VENTED TO ATMOSPHERE -'i TYPICAL BROKEN or MISSING DRIPS or LEAKS SWEATING CONDENSATION TEMPORARY REPAIRS ~ X FIXTURES AND FAUCETS X X OBSERVATIONS FIXTURE MATERIAL CAST IRON STEEL PLASTIC CHINA STAINLESS STEEL ~ FAUCETS MATERIAL BRASS PLASTIC t.. TUBS ... SINKS J'- TOILETS )( FUNCTIONAL INOPERABLE LOOSE DRIPS or LEAKS FINISH DAMAGE S-TRAPS TEMPORARY REPAIRS . . X 0 - , . TYPE ELECTRIC GAS MANUFACTURE DATE: CAPACITY IN GALLONS: LOCATION: ~. FUNCTIONAL DRIPS or LEAKS ATTACHED Y TEMPORARY REPAIRS NO PRESSURE RELIEF VALVE or LINE DAMAGED CABINET .....~ ....--. THIS REPORT DOES NOT CONSTITUTE A 'NO-LEAK' WARRANTY. COMMENTS: File/Case Number )l4J\ PLUMBING 4 @ 1998 TYPICAL RESTRICTIVE EQUIPMENT INACCESSIBLE ", SYSTEM INSPECTED N POWER ON N MAIN PANEL RATING: AMPS: 60 100 125 ~Q) 400 PANELS: 02 ROOM FOR EXPANSION Q N TYPICAL LEAKING CORROSION RUSTED CABINET OVERHEAD SERVICE UNDERGROUND SERVICE 'I:- METER AND BASE TYPICAL CABINET LOOSE/DAMAGE/MISSING COVER CROWDED SHOCK HAZARD DOUBLE TAPPED FUSE PANEL Y BREAKER PANEL MAIN BREAKER SPLIT BUSS SUB PANELS FUSED BREAKER TYPICAL UNENCLOSED SPLICES LACK OF COVER PLATES LACK OF JUNCTION BOX COVERS KNOB AND TUBE EXPOSED WIRES MISSING FIXTURES GROUNDING AND BONDING X GROUNDING BONDING AMPACITY OVER CURRENT DEVICE WIRING RECEPTACLES SWITCHES FIXTURES GFCI SMOKE DETECTORS CLOSET LIGHTING FUNCTIONAL NO GROUND NO GFCI GFCI BROKEN NO SMOKE DETECTOR LACK OF COVER PLATES SMOKE DETECTOR NOT-FUNCTIONAL (BATTERY) COMMENTS '>\4 { File/Case Number ELECTRICAL 5 X HYDRONIC SYSTEMS X X OBSERVATIONS ~ GAS (LPG] or (NAT] OIL ELECTRIC TYPICAL RESTRICTED NO FUEUHEAT OFF PILOT LIGHT OUT FAILED TO RESPOND USING NORMAL OPERATOR CONTROLS NOT TESTED AS AC WEATHER TOO COOL . - .. :x FURNACE (HOT AIR) UP FLOW COUNTER FLOW HORIZONTAL HEAT PUMP DUCT WORK INSULATED UNINSULATED METAL FLEXIBLE FILTERS DISPOSABLE WASHA8LE ELECTRONIC BOILER HOT WATER STEAM MATERIAL STEEL CAST IRON DISTRIBUTION CIRCULATED SLAB @ 1998 SYSTEM INSPECTED ESTIMATED AGE ROOMS WITHOUT HEAT Y N # OF FIREPLACES CAPACITY (BTU in 1,OQQ) FLAME COLOR TYPICAL CLEAN SOOTED and/or DIRTY VIEW RESTRICTED FAN VIBRATES NO FILTER IL TER DIRTY RUSTED MISSING OR BROKEN CABINET DAMAGE POSSIBLE ASBESTOS TYPICAL LEAKING POSSIBLE ASBESTOS CABINET DAMAGE SOOTED and/or DIRTY PHYSICAL DAMAGE SPACE HEATING X OBSERVATIONS STOVE/INSERT ELECTRIC 8ASEBOARD IN WALL ELECTRIC FAN HEATERS RADIANT HEATING SPACE HEATERS TYPICAL RUSTED POSSIBLE ASBESTOS CABINET DAMAGE :::J PHYSICAL DAMAGE FIREPLACES X OBSERVATiONS A LICENSED HEA TlNG CONTRACTOR CAN PERFORM ANNUAL SERVICE and INSPECTION. A CSIA CeRTIFIED CHIMNEY SWEEP CAN PERFORM FIREPLACE and FLUE INSPECTIONS. MASONRY WOOD BURNING PELLET __j MANUFACTURED BUILT IN -- FREE STANDING FLUES MASONRY METAL GAS COMMENTS TYPICAL ADEQUATE CLEAN INADEQUATE SOOTED DIRTY DAMAGED MORTAR FLASHING DAMAGED LEAKING UNLINED CRACKED FLUE or LINER or CROWN File/Case Number >~2t( HEATING SYSTEM 6 @ 1998 PLASTER DRYWALL PANEliNG ACOUSTIC CEiliNG DISHWASHER RANGE BURNERS OVEN ELEMENTS HOOD FANSNENTS -- GARBAGE DISPOSER MICROWAVE ..-- ....... , .. -, TYPICAL RESTRICTED UNOCCUPIED PERSONAL ITEMS RESTRICT VIEW X FINISHED FLOORS X WOOD PLANK PARQUET CARPET WALL TO WALL LOOSE LAID HARD TILE QUARRY CERAMIC SOFT TILE SHEET VINYL BLOCK TILES . : TYPICAL FUNCTIONAL CRACKED NAIL POPS SEAMS VISIBLE WATER SEEPING MISSING or 8ROKEN LOCKS FAILED GROUT or CAULK MISSING or BROKEN TRIM WEAR AND TEAR STAINED MOLD or MILDEW MISALIGNED TRUSS UP-LIFT PEELING PAINT WINDOW MOLD LOOSE CARPET UNLEVEL WINDOW DAMAGE LOST SEALS HOLES LOOSE or 8ROKEN RAILS X OBSERVATIONS .... CEiliNGS r WALLS r . FLOORS INTERIOR DOORSIWINDOWS ;"' . INTERIOR RAILS/STAIRS r CABINETSI HARDWARE -='" SURFACE OF COUNTER TOPS X SUMMAR~ AND ADDITIONAL COMMENTS f LcD F tvl-.0);:;- DolkM.. "'6-c .-co ,~ E. P CI'\-<: ~ k Uu-r f":= l o::YZ.- A:--r --c.~1 "Lu cL ~r 4- -P File/Case Number '3(c:{( INTERIOR 7 PLEASE TYI'E OR PRINT !'!.I':ASE SFF REVERSI' REAL ESTATE EXCISE TAX AFFIDA VIT This form is your receipt when stamped oy cashier CIIAPTER H2.4) RCW CHAPTER 458-61 WAC F'1R lTSE AT C(I\lNTY TREAS\ iRER'S OFFIl.'E (llse Fonn No. 84-0018 for Reporting Trans-fers of Controlling Interest of Entity Ownership to the Department or Revenue) nlls AFFIllA\TI' WILL NOT HI<: A('('I<:PTEIl IlNLESS ALL AREAS 1-7 ARI<: FllLL\' COJ\IPLETEU .-'-~allle r=iT, 'W J:1F:FJH.:T; l,y.l '" "'0 '"f-< :j~ '" " ~'" " ~; '.'1 ;: '~: U t ! I ~.::: t. t- C. ~. t: Sired _ \,'2 :' \ ..;; . ~ r; '1' i,':T! i,: t . t. : I ~ ('itv Stale/Zip ~ . AIJl)kFSS Ii) SHN1} AI.I.l'kl)I'FRTY U, -:i. B,::..n~' Name ....:i,..:::-::~! I:~ /. 1..LI..___ _~_ I'i\X KFLI\ rEI) (.( Jl<.KYS]'( INI )I'.N('F Street -(-:,Vl!lift.l-tlJ:: ," 1. 'J!'1 '. JEI"'" City/StaWZip L..:~!J...::.__I.:_L_ .;'11___ ._!,;,QI~""':::: -~--.--------, ",-. -, ...- F\ !~- Ii f' I i' _ Name --.' .~t': .~i' i : "' ~ ~ ~----" -'-""---~-'--------'--'-- ..f- 5 ~ Strccl_ h"" a:l Q:: ;!=~f)l I L r. \,IO':;<H.1: 1 City/Slate/Zip AI. I. TAX I'Af{('FI N\J~lIq.:I{S '"'/~':!.i n'}F, ;,h;~ ,j" ,'.'::j-f-, 1?I'll/)"; ('(ll INTY TREAS! IRER I'I.N'J.: ASSES:;EIl VALlJl! II' TAX fo:XEMI"1 (",:.'!:;, '.:i.i ~ _~t.l5./lI:~...j711;'-.:-I;i! '-:...-I.:I\il".'I.7" ~treel Address (if property is improved): /. i,-' 'J~' 'r (.:' ~ 1 '_'. :.; . LEGAL DESCRIPTION OF PROPERTY SITUATED IN 0 'UNINCORPORATED Dr (' ~l(," ,..t r.":", I!J~ 'P,':;l,. V; \':':,';:', cot fNTY D OR IN CITY Of ':'U;;;'I UP"~[ I.P\: \.~:I'.:d; '"",, !-jpr..,tr., ,'.10" F:':h ,.(,.,! "el" . Is this property currently: Classified or designated as forest land? Chapter 84." RCW Classified as current use land (open space, fann and agricultural, or timber)? Chapter 84.~4 RCW Exempt from property tax as a nonprofit organization? Chapter 84.36 RCW Seller's Exempt Reg No. _ _ _ ___ Receiving special valuation as historic property? Chapter 84.26 RCW Propert)' Type: 0 land only D land with new building Oland \\'ith prcviously used building 0 land with mobile home o timher only 0 huilding only Principal Use: 0 ApI. (4+ unit) 0 residential o timber 0 agricultUJal 0 commercial/industrial o other __~~_....~_."_______~.__~ . (I) NOTICE OF C~JN'I~INUANCE (RCW 84,33 OR RCW 84.:14) Irthc ncw 0\\l11cr(s) of land that is classified or designated as cunenl lL.<;e or forcst land wish to continue the classification or designation of such land, the new 0\\11er(s) must sign below If the new 0\\11er(s) do not desire to continuc such dassification or designation, all compensating or additional tax calculated pursuant to RCW 84.11120 and 140 or RCW R4~4.I()S shall be due and payable by' the seller or transferor at the timc or sale '111C county assessor must detenninc if the land transfened qualifies 10 continue classification or designation and lUust so indicate below. Signatures do not nccessarily mean the land will rcmain in classification 01' designation If it no longer qualifies, it \,,'ill he removed and the compensating. 1J.r\.es \\ill he applied. All new O\\'l1crs must sign. YES NO D D D D D D --- D D This land o docs 0 tIoes not qualil\ for t.:untillw.llIce Date DEPt ITY ASSESSOR (2) NOlleF OF (,OMI'L1AN(,F (Chapler R42(, IWW) lrth~ Hew O\\llt.~I(S) or propclty \....ith special valuation as historic propell} \\ish to l:<mtinuc this special valuation the lie\\' O\\'1ler(s) must sign helow. !rthe lIew OWIII:I(5) do lIot desire to continue SUdl special valuation, all additional tax t.:aiculahxl plllsuant to Chapter R4.26 RCW, shall he dlLe and payable by the seHer or transferor al the lime of sale (3) OWNER(S) SIGNATURE Description of tangible personal property if included in sale (furniture, appliances, etc,) If exemption claimed, list WAC number and explanation /1.'~Jl b i -./t,:'I/ WAC No, (See/Suh) --&;,,,. T,., .,. Explanation _~___ ~T,-';;.f';.;.-f~;,7-'J,:r.:\~~!,," l: t~r::r-- , ' Type of Document ~___.~~ Date of Document ~. /'l,~\; ;' c, r. - ~ (! , /+ l) -'" (?II{~ (Tross Sale Price $ $ $ $ $ $ $ $ $ ""__~~i.L <'In','" Ii:!\;'~___. Personal Property (deduct) Taxable Sale Price Excise Tax: Slate Local J)clin4uent Interest: Slale Local Delinquent Penalty State Total Due A r-..nN11\111M OF $2,00 IS DUE AS A PROCESSIN<J FEE AN]) Ti\X ~-'-~jT253:::-G'-""-". 1.:-:~t:-".:'1,~ AFFIDA VIT I Certify Under Penulty Of Perjury Under The Laws Of The State Of Washington Thal cll1C Foregoing Is True And Coned (Sec hack orthis [OInl) Signature of Grantor/Agent .__,,_....__~__._,_.._.__~_~__~___. _ Namc (print) Date and Plat:e of Signing' Signattrre or Grantce/~ent Name (print) ._~_____._.. Date & Place of Signing PerjurJ: PerjlU)' is a class C felony which is PlUlishable hy imprisonment in the state conedional institution for a maximum tenn or nolmore than five years, or b~,... a fine in an amount fixed by the wurt of not more lhan five thousand dollars ($5,000.00), or by both imprisonment and Illle (RCI'I_9A2l1020 (IC))______~___ FOR TREASURER'S USE ONLY REV R4 0001, (6-05-98)(PD 6-24-98) COJlNTY TRF,I\SURER Wood Destroying Insect Infestation Inspection Report This is not a structural damage report. This form may not be altered. Secllon I. Generallnlormatlon Im;pjclion COIppany. Addr~ss. &.ehone:, . luerry InspectIOn :ServIces, Inc. PO Box 763 Poulsbo, WA 98370-0763 Office: 360.779.6577 Fax: 360.779.1551 ". Compa'l14,jlS'~l}"ss Lic. No: FHA/VA Case No. (if any): Property Address: 1224 Cottman Street West Bremerton, WA 98312 Inspector's Name: Structure'~~~:~~~hed report for limit~ions~ Donald M. Merry Section II. Inspection Findings This report is indicative of the condition of the subject structure(s) on Ihe dBle oflhe inspection only and is Not to be construed as an express or implied warranty or guarantee against latent. concealed, or future infestation or defects. Any such warrantyorservice . , agreement to provide future treatment or inspections may be provided as a separate attachment and only if indicated in Section IV. I ~!J S~ctlon IX on side 2for Impol1lJII' in/ormation. Based on a careful visual inspection of the readily accessible areas of the structure(s) inspected: ~ a. No Visible evidence of a wood destroying insect infestation was observed. o b. Visible evidence of a wood destroying insect infestation was observed as follows: o Live insects; (description & location):____ _________. ___________ _ _________,... _____~_____.._"'~__ [J Insect- parts,-'rass-'-;;iI holes, or ~'~~Iter tUb~~ (~~ScriPtion & locat~~~~:---=-=-=-~~~~~---------'~~-===_.=-~-= U Damage 'rom wood destroying insects was -noted 'in the followi~g ~rea(s): . Regarding visible evidence of wood destroying insects: The inspector may find wood which has been damaged by insects. Any damage noted shouJd be considered .only as evidence of current or previous infestation of wood destroying insects. If box b is checked above, it should be un4e,stood that some degree of dama,e, including hidden da'!"lge, may be present. The inspector's training and experience do not qualify the inspector in damage evaluation or any other building construction technology and/or repair. Upon receipt of this report, the Seller or the . ~e'lIer's Agentshall notify the Buyer that any damage should be examined by a qualified individual to determine the need for repair. Any visible evidence observed above appears: [J Active; treatment recommended at this time (Note: FHA and VA require treatment for all active infestations) o Inactive; no treatment recommended at this time [] Activity and need for treatment cannot be determined without further Investigation. Reason:_~____ _____~~___ In many cases, based upon visible signs of infestation by wood destroying insects. it is not possible without benefit of subsequent inspections and evaluations over a period of time to ascertain whether an infestation is active or inactive. If a warranty or service agreement is in effect, the company which issued the warranty or service agreement should be contacted. If no warranty or service agreement is in effect, the inspecting company or another company may provide treatment, if requested and permitted by regulations, for an additional fee. [J It appears that the structure(s) or a portion thereof may have been previously treated. Evidence of previous treatment: ______._____~__.. This company can give no assurances with regard to work that may have been previously performed by other companies., The company which treated the property should be contacted by the Buyer for treatment and warranty information. Section III. Treatment was/is scheduled to be performed by the inspecting company: 0 Yes Treatment Description: Section IV. Attachments The following listed attachments are integral parts of this inspection report: AU pest work whIch was disclosed on the attached Preliminary Report has been completed and the attached Final Report has been issued. No Date: Section V. Obstructions & Inaccessible Areas The following areas of the structurejs) inspected were obstructed or inaccessible ,see item 4 on side 2): D Basement mu___~ott:: P eas~_refer_~o_Iimi~tions of~nspectJo~regardil1~_ D Crawl Space __ inaC()essjlJl~ areas on tI1.~W~PCAWDO %l'ort fon;n._ D Main Level ~Attic o Garage D Exterior D Porch [J Addition [J Other Section VI. Additional Comments (may be continued on side 2) I The inspector may write oul inaccessible areas or use the following key: 1. fixed ceilings 2. suspended ceiling 3. fixed wall covering 4. floor covering -- __ (~ insulation '""( cabinets or shelving 7. stored items B. furnishings 9. appliances 10. no access or entry 11. ,limited access 12. only visual access 13. no access beneath 14. clullered condition 15. standing water 16. dense vegetation 17. exterior coverings 18. window well covers 19. wood pile 20. snow 21. unsafe conditions Section VII. Inspector's Signature: any interest in the properly. f\./ A. 1 I ,President vvvv,~ Section VIII. Statement of Buyer & Seller This report is integral to. and a necessary part of the inspecting company's full disclosure as to the scope and inherent limitations of the inspection and report of findings. It is most importanl that the inIerested parties acknowledge this advice. The Seller hereto agrees Ihat all known property history infommlion regarding WDI infestation. damage from infeslaIion, and treatmenI hislory has been disclosed to the 8uyer. Signature of D Seller(s) [] Owner(s) (if refinancing) X x Neither I nor the company for which I am acting have had. presently have, or contemplate having Certification or Registration No: (if applicable) Date of Inspection: #44549 12/01/98 Date: The undersigned hereby acknowledges receipt of a copy of this report Buyer's Signature: Date: X This report must be signed by lhe Buyer and Sefier as applicable. A tegible copy of lhis signalure page must be relurned to the inspecting company by the person ordering this inspection. See section IX on side 2 regarding the scope & limitations 01 the Inspection & this report. Forms VA 26-8850 and HUD-92053 are obsolete after 9/30/95. Submit an Original and two copies. Side 1 form NPCA~1 (6/95) @ 1995 National Pest Control Association. All Rights Reserved. No reproduction of this form is permitted without the express permission of NPCA. WASHINGTON STATE PEST CONTROL ASSOCIATION Uniforin Stmctural Wood Destroying Organism Inspection Report Company Name Merry Inspection Services, Inc. 19020 Front Street NE Poulsbo, W A 98370-0763 Company Address Send all corresoondence to: PO Box 763 Protectl Man's Health.. Inspection Date Company Phon~60.779.6577 Fax779.1551 File/Case No. December 01, 1998 Time Type of Building #3,141 SFR Address of Building Inspected 1224 Cottman Street West City of Bremerton, WA Buyer Donald M. Merry, President Bremerton. WA 98312 Owner/Seller Structural Pest Inspector Name 44549 License # FINAL REPORT All recommendations previously disclosed in the Preliminary Report(s), daterl ORI04/QR* * . have been completed. Or, in the case that no prior Preliminary Report was performed on this property, No visible evidence of active wood destroying organisms or conducive conditions were found in the subject structure. This document is not intended to be a warranty of the subject structure in any manner. It is a written opinion of a qualified inspector based upon what was visible and evident at the time of inspection. Refer to inspection standards on reverse side Authorization Signature: ,President/Inspector Title: ** ti at i I r hibited from performing any work on the structure inspected, The Washington State Dept. of Agriculture does REMARKSpot require this Final Report or that we report on prior activities of wood destroying organisms. [WAC 16-228-010 (31) "Wood destroying organism inspection" means the service of inspecting a building for tII@ Pf@S@!K1@ of ",<god d@stl'9)'isg organism fI@sts des~th: tg its structural. I:omfl\lsellts, !lsd/or their damage, and/or conductive conditions.] The owner and the contractor are solely responsible for the property cond1l1on and work they performed and have warranted, not thiS nrm, l' AiD IN FULL. This report Is not valid unless sllned by Seller and Purchuer and copy returned to Inspecting firm. LIMITATION OF LIABILITY The above inspecting firm endeavors to perform its services ina professional manner consistent with the care and skill ordinarily exercised by similar pest conM trol professionals. No warranty, expressed or implied, other than as set forth herein. is made or intended by performing the work identified in this agreement. Should this firm, or its employees, be found to have been negligent in their performance of services, it is agreed that the maximum total recovery against us or our employees shall be limited to our fee for the services provided under this agreement. In the event any person or company makes a claim for any alleged error, omission, or other act arising out of their performance of professional services under this contract, each signer of this agreement agrees to defend and hold us harmless from any such claim, including reasonable attorney's fees and costs incurred by us in defending against the claim. ACCEPTANCE: This report Is of no force or effe<-t unless signed by the Seller and Purchuer. We have read the report and Inspection standards and undel'5M tlnd all of the terms and conditions thereof, Including the scope and Ilmltltlons thereof and do accept the same: Accepted By: Seller'lSisnature Date Purchuer's Slanature Date @1996WSPCA ~ PAGE 1 o~ peg.. AU riJhts to this printed ronn are t'e8l:n'ed by the WSPCA. lbls rorm may not be copied or reproduced in whole or in part without the prior written permission or the WSPCA. , '........../ WASQINGTON STATE PEST CONTROL ASSOCIATION Uniform Structural Wood Destroying Organism Inspection Report Company Name Merry Inspections, Inc. 19020 Front Street N.E. Poulsbo, W A 98370-0763 Company Address PID':',. ..".nrl all ('OtT.eiPQllde1t('{" to. POBox 763 CompanyPhone'l60.779.6577 Fax779.1551 File/Case No. N<tJ.'~ :s 14- I p Augue:t 04, 1998 Time p.m. Address of Building Inspected 1 ??.4 r.nttm<ln $trp.p.t WP.!':t City of Bremerton, WA Type of Building SFR Rremennn, WA ~fl~1? Inspection Date Owner/Seller Buyer Structural Pest Inspector Name Donald M. Merry, President License # 44549 --'\i~C PRELIMINARY REPORT Uniform Structural Wood Destroying Organism Inspection Report PRELIMINARY REPORT. Any report, whether pertaining to an initial or subsequent inspection, which discloses current visible evidence of wood destroying organisms or conducive conditions shall be considered a Preliminary Report only. As such, a Preliminary Report should nol be relied upon for the closing of any real estale transaction and necessary steps should be taken to obtain a Final Report. See Inspection Standards on reverse side, article IV. This report Is not valid unless signed by SeDer and Purchaser and copy returned to Inspecting firm. LIMITATION OF LIABILITY The above inspecting firm endeavors to perform its services in a professional manner consistent with the care and skill ordinarily exercised by similar pest con- trol professionals. No warranty, expressed or implied, other than as set forth herein, is made or intended by performing the work identified in this agreement. Should this firm, or its employees, be found to have been negligent in their performance of services, it is agreed that the maximum total recovery against us or or our employees shall be limited to our fee for the services provided under this agreement. In the event any person or company makes a claim for any alleged error, omission, or other act arising out of their performance of professional services under this contract, each signer of this agreement agrees to defend and hold us harmless from any such claim, including reasonable attorney's fees and costs incurred by us in defending against the claim. ACCEPTANCE: This report Is of no force or effect unleu signed by the Seller and Purchaser. We have read the report and Inspection standards and unders- tand all of the ternu and conditions thereof, Including the scope and limitations thereof and do accept the same: Accepted By: Date Seller'sSllnalure Date Purchaser'sSlanature THIRD PARTY AGREEMENT Should all or part of the recommendations on page 3 be performed by a person or persons other than the inspecting firm, this 'Third Party Agreement' must be signed by said person(s) and a copy returned to the inspecting firm before a Final Report will be issued. I/we certify that the work, or portion thereof, described in the Preliminary Report(s), performed or caused to be performed by the undersigned has been com- pleted in a workmanlike manner, complies with the Uniform Building Code (current revision), and is warranted for one year as per the inspection standards. I/we have notified the inspecting firm of any 'conditions revealed during performance of recommendations' as per article V. (c) of the inspection standards. (SIGNATURE) of Party performing Work (Owner - Contractor) Date PRINT NAME AND PHONE NUMBER OF ABOVE SIGNEE CONTRACfORS REGlSTRA TlON * (Uappllcable) DRIVERS LICENSE * (If other tban IIcemed contractor) tA PAGE 1 0,4 page. @1996 WSPCA ~ AD riJhts to this printed fonn are reserved bylhe WSPCA. This form may not be copied or reproduced In wbole or In part without the prior written permission oftheWSPCA. 08/04/98 ProteCtIng Man'.... & # INSPECTION DATE 1224 Cottman Street West NUMBER AND STREET Bremerton, WA 98312 CITY 3,141 STATE ZIP NOTICE: The owner(s) and/or person(s) performing any work relative to these recommendations must ensure that all construction work performed meets the standards of good construction practices and materials as provided for in the Uniform Building Code (current revision). Pest control measures must be performed by state licensed applicators In conformance with all current federal, state and local laws. Should all or part of the following recommenda- tions be performed by 8 person or persons other than the inspecting firm, the 'third party agreement' on page one must be signed by said person(s) and a copy returned to the Inspecting firm before a Final Report will be issued. A fee of $ will be charged for each relnspection. FINDINGS AND RECOMMENDATIONS SITE, EXTERIOR; DECKS, PERIMETER: I. Siding[) Skirting[) Framing[) Stair Supports[) Posts[) Window SiIls[) Door SiIls[) [) was found to contact the grade materials. Re-grade around foundation perimeter 10 expose 6" below wood siding and slope away from structure, narrow trenching is not acceptable. Re-direct all grades and swales 10 ensure proper topographical drainage. Repair any damage reveled by grading. Fill in all holes near the foundation perimeter[]. 2. Siding[) Skirting[) Trim[) [) has been damaged due to wood rot/insects. Remove damaged mBterials and replace using treated members, scissoring or scabbing (new wood attached to damaged wood) is not acceptable. Repair any damage reveled by the repairs. 3. Remove all foliage/vegetation/shrubbery or trees that contBct the house, siding or the roof. 5. Remove all Wood Firewood Lumber from under or agBinst the house[) deck[) []. 6. Stair Framing[) Sleps[) [) are damBged due to wood rot/insects. Remove damaged materials and replace using pressure treated members, scabbing (new wood ~ttached tQdl\l\taged wood) is not acceptable. 7. Framing[) Beams[) Posts[) . [] are dllltlaged due to. wood rot/insects. Remove damaged materials and replace using treated members, sCll\!bing(new wooda\lllChe~ todanlaged WOoll) is not acceptable. 8. Windows[) Doors[) Decking[]'. .:. '; : [) llI'e slatnagedduelb wtkkl rot/insects. Remove damaged materials and replace using treated members, i1Cabbing (new wood attached to damaged wood) l.s not acceptable. 9. Add elbows/splash blocks/drain tile where'l'isslng .an~ Slo~.1Ia to divert WBler aWBy from the foundation. 10. Wood RotlDamaged RoofFasciB[) Barge[] Sheathing[) RBfterTails[] replace wood with new treated malerials. II. Clean out[) leaky[)/damaged[)lloose[) guttersIl/down spoutsll flashing[). 12. Repair[) replace[) leaky[)/damaged[)llooilell gutters[)/down spouts[) Add[) FOUNDATION/FOUNDATION SYSTEMS; CltAWL SPACE: 16. Replace damaged[) missing[] vents with 1I4"galvanlteidscreenlng. 17. Vents are blocked, clear aWay to maXint~ ventilation. . 18. Ventilation is inadequate, add more vel/tswith 1/4" galvanized screening. 19. Add[) replace[) 6 mil. black plistic vapQt bllr{ier to compietel)' cover the Crawl space floor. 20. Remove all cellulose debris[) fortu, boards[] from the cl1lwlstJ~e floor. 23. Posts[) joist[) beams[) framing[) damaged due to W99d !"Ilt/ilIsecl$...replace using trealed materials. 24. No access. provide 18" clelll'ance between joist and 12" bl!lWeei1ati beams. 25. Damaged[) missing[) access door/well, provide access cover using treated materials. 26. Reattach loose and fallen Insulation. INTERIOR: ;jl Repair plumbing leak @:.. ..... . . Q2) Repair~place[l(lill damaged woodt!1nsulation[) around leakage areas 30. Replace toilet wax ring and bolts/washers @ 31. Caulk around the following areas: 32. Add/replace a dryer vent[) cap[) from the laundry area 10 the exterior. 34. Employ a slate licensed WSPCA member Pesl Control Operator to treat all/any areas with wood destroying organisms and follow there comments and recommendations as well. 35. Employ a qualified, slate licensed, bonded and insured contractor experienced in wood repair and replacement that has read, understands and agrees 10 the slandards on page 2 of this report to repair or replace all/any areas idenlified. 36. 37. NOTE: Inaccessible areas [IA] may be vulnerable to attack by wood destroying organisms, and should be made accessible for inspection if at all feasible. TO \. '- f:l I @ 199B WSPCA ~ 4- PAGE 3 01_ pogoo AU riatrts to this printed form aremerved by the WSPCA. This fonn may not be copied or reproduced in whole or in part without the prior written pemVssion oflhe WSPCA. . u.s. Bank Residential Loan Application This a~plication is designed to be compleled by the customer(s) with the lender's assistance. Customers should complete this form as "Borrower" or "Co-Borrower", as applicable. Co-Borrower information must also be provided (and the appropriale box checked) when 0 the income or assets of a person other than the "Borrower" (including the Borrower's spouse) will be used as a basis for loan qualification or 0 the income or assets of the Borrower's spouse will not be used as a basis for loan qualification, but his or her liabilities must be considered because the Borrower resides in a community property state, the security property is located in a community property state, or the Borrower is relying on other property located in a community property state as a basis for repayment of the loan. I TYPE Of Ivl0RTG GE AND I ERMS OF LOAN MORTGAGE APPLlEO FOR: 00 VA DFHA D Conventional D Other: D FmHA Agency Case Number lender Case No. 7580474 - GVT . MZH Amount Subject Property Address 7224 COTTMAN BREMERTON WA 98372 legal Deacription 01 Subject Property 7.0 Yaar Bulk LOT 76. 77. 78 ANO 70FT OF LOT 79 Purpose of loan [!] Purchase D Construction D Other (explain): D Refinance D Contruction~Permanent 7942 Property will be: ~ Primary D Secondary D Investment ~ Residence Residence CONSTRUCTION OR CONSTRUCTION-PERMANENT lOAN, Year lot Original Cost Amount Existing Liens Acquired (a) Present Value of Lot (b) Cost of Improvements Total (a + bl $ REFINANCE LOAN. Yeer 'Original Cost Acquired $ $ $ $ Amount Existing Liens Purpose of Refinance Describe Improvements D made 00 to be made $ $ Title will be held in what Name(s) 8RUCE W. SMITH Source of Down Payment, Settlement Charges and/or Subordinate Financing lexplain) Costs: $ anner In which Title wIll be held TITLE 8Y SEVERALTY Estate will be held in: 00 Fee Simple D leasehold SAVINGS E \'\! III ,IJS1UI\.llR ,N~!)I;1.1/\TI()N Co Borro\'ver Borrower's Name 8RUCE W. SMrrH Social Security Number Home Phone 539-82.6824 206-783.5805 Borrower's Name Age Vrs. School Social Security Number Home Phone 35 72.0 Age Yrs. School D Married [K] Unmarried (includes Dependents single. divorced. no. ages o Separated widowed _ D Married D Unmarried (includes Dependents single. divorced. no. ages D Separatad widowed I Present Address 6547 24TH A VENUE NORTHWEST 1/2 SEATTLE WA 98817 DOwn [!]Rent .50No.Vrs Present Address DOwn DRent_No,Yrs PREVIOUS ADDRESSES, IF LESS THAN TWO YEARS Former Address DOwn [K] Rent 7.0.0. Vrs Former Address 2879 WEST OLYMPIC SPOKANE WA 99205 DOwn DRen' ----.!"o,Yrs Former Address DOwn DRent ~o.Yrs Former Address DOwn DRen' ----.!"o,Yrs . Reter to R.te Contrlct Freddie Mao Form 65 (1031) 7/98 Fannie Mae Form 1003 10/92 Page 1 01 4 8orrower IV EMPLOYMENT INFORMATION Co-Borrower D Self Employed Vrs. on this job Employer 6.00 Vrs. employed in this line of work/profession To 6_00 DATES EMPLOYED: From D Self Employed Yrs. on lhis job Employer HALE'S ALES 4307 LEARY WA Y NORTHWEST SEATTLE WA 98707 Vrs. employed in this line of work/profession DATES EMPLOYED: From Position/Title/Type of Business To Business Phone Position/Title/Type of Business Business Phone BREWER 206.706-7544 PREVIOUS EMPLOYERS IF LESS THAN TWO YEARS Employer D Self Employed Dates Employer D Self Employed Dales Monthly Income $ Monthly Income $ Position/Title/Type of Business Business Phone PositionlTitle/Type of Business Business Phone Employer D Self Employed Dates Employer DSelf Employed Dates Monthly Income $ Monthly Income $ Position/Title/Type of Business Business Phone Position/Title/Type of Business , , V. MONTHLY IN OME AND COMBIN D HOUSING EXPENSE INFORMATION om ne Gross Monthly Income Borrowe, Co.Borrower Total Housing Base Empl. Income. $ 2.300_00 $ $ 2,300.00 Rent $ Overtime First Mortgage (P&1l Bonuses Other Financing (P&I) Commissions Hazard Insurance Dividends/Interest Real Estate Taxes Net Rental Income Mortgage Insurance Other !before completing. Homeowner Assn. Due! see the notice in .descrlbe other income". belowl Other: Total $ 2,300.00 $ $ 2,300.00 ITotal $ ot:I':"l":':I~~ t, Pre.."t Proposad 625.00 f&lf1!@INimW_'{M $ 498.92 78.67 700.00 625.00 $ 677.59 BIC Alimony. child support. or separate maintenance Income need not be revealed if the Borrower IB) or Co-Borrower Ie) does not choose to have It considered for repaying this loan. Monthly Amount DESCRIBE OTHER INCOME NOTICE: -.-$ VI. ASSETS AND LIABILITIES SCHEDULE OF REAL ESTATE OWNED Property Address (S",Sold, PS= Pending Sale. R",Rentall Type Of Property Present Amount Of Gross Market Value Mortgages & Liens Rental Income Mortgage Payments Insurance, Maintenance, Net Taxes & Misc. Rentallncome $ $ $ $ $ $ Totals $ $ $ $ $ $ ADDITIONAL NAMES UNDER WHICH CREDIT HAS PREVIOUSLY BEEN RECEIVED Alternate Name Creditor Name Account Number " Fannie Mae Form 1003 10/92 Freddie M8\:: Form 65 RA 061103117/98 Page 2 of 4 VI ASSETS AND L1A81L1TIES (cont.I This Statell1ent and any applicable supporting schedules may be completed jointly by both married and unmarried Co-80rrowers if lheir assets and liabilities are sufficiently joined so that the Statement can be meaningfully and fairly presented on a combined basis; otherwise separate Statements and Schedules are required. \1 the Co-Borrower section was comp'etBd about a spouse, this Statement and supporting schedules must be completed about that spouse also. Completed DJointly D Not Jointly 1$ 'Llabllltla. and Pledgad A..et.. list the creditor's name. address and account number for C.sh or Market oustanding debts, including automobile loans, revolving charge accounts, real estate loans, V.lue alimony. child support. stock pledges. etc. Use continuation sheet, if necessary. Indicate by (*) those liabilities which will be satisfied upon sale of real estate owned or upon refinancing of the subject property. LIABILITIES Monthly Payt. 110 Unpaid Mos. left to PRY Belanee $ Payt./Mos. $ US BANK 34 4,976.00 Acct. no. 4190080844041081 150.00 7DO.00 EXXON 94.00 Acct. no. 6594636 94.00 . 700.00 $ Payt./Mos. $ AMER 1 CAN GENERAL FINANCE 16 1,893.00 Acct. no. 2980787038043954 124.00 2,300.00 BENEFICIAL FINANCE 1,023.00 Acct. no. 4205019771994339 91.00 . 2 300 00 $ Payl.lMos. $ SEARS 41 765.00 Acct. no. 84BOO17610544 19.00 AMERICAN GENERAL FINANCE 20 500.00 Acct. no. 8980778049B57173 25.00 $ Payt.lMos. $ ASSETS Description Cesh deposit toward purchase held by: BANKS,S & l. CREDIT UNIONS us BANK - VOD DEPARTMENT CKG 153502356402 TOTAL 1$ us BANK SECURITIES 33951806 TOTAL TOTAL 1$ Acct. no. Acct. no. TOTAL Stocks 110 Bonds $ $ $ Payt.IMos. $ Acct. no. Gift Ufe insurance net cash value Fecs amount: $ SUBTOTAL LIQUID ASSETS Real estate owned $ Acct. no. $ Payt./Mos. $ . I 3.000.00 Acct. no. Vested interest in retirement fund Net worth of business(es) owned $ $ 350.00 Acct. no. $ Payt./Mos. $ Automobiles owned 1969 GMC PICK UP 1977 MARLEY DAVIDSON $ 8 000 00 Acct. no. , . 10,000.00 15,ODO.00 Acct. no. Alimony/Child Support/Separate Maintenance Pllyments Owed to: $ Other Assets Personal Property $ Job Aeliilted Expense (child care, union dues. etc.1 $: TOTAL ASSETS s. $ 36,350.00 TOl Al MONTHLY PAYMENTS NET WORlH II 27 099 00 tl;t minus b) f. . 503.00 TOTAL LIABILITIES b. I I 9,251.00 Freddie Mac form 65 RA OR 110311 7198 Page 3 of 4 Fannie Mee Form 1003 1ot92 VII DETAILS OF TRA ACTION VIII DECLARATIONS 8. Purchase price b. Alterations. improvements. repairs c. Land (if acquired seoarately) d. Refinance lincl. debts to be paid off! e. Estimated prepaid Items f. Estimated closina costs c. PM!. MfP. Fundina Fee h. Discount lit Borrower will Davl I. Total costs (add Items a through h) i. Subordinate financina k. Borrower's closina costs paid bv Seller I. Other Credits Employer Paid Fees Homequity Credit line m. Loan amount (exclude PM!. MIP. Funding Fee Financed) n, PMI. MfP, Funding Fee financed o. loan amount (add m & n) p. Cash from/to Borrower (subtract j, k, I & 0 from I) $ 74.497.00 a. b. 1,018.29 c. 288.50 d. 1,489.94 a. 77.29~. 73 f. 200.00 g. h. Borrower Co.Borrow Va. No Ye. No Are there any outstanding judgments against you? 0 [K] D [K] Have you been declared bankrupt within the past 7 years? 0 W 0 [X] Have you had property foreclosed upon or given title or deed in lieu 0 [i] D [K] thereof in the last 7 years? Are you a party to a lawsuit? D 00 D [K] Have you directly or indirectly been obligated on any loan which resulted in foreclosure, transfer lieu of foreclosure, or judgment? (This would include such loans as home mortgage loans, SBA loans, home improvement loans, educational loans, manufactured (mobile) home loans, any mortgage, financial obligation, bond or loan guarantee. If "Yes", provide details, including date, addres~ of Lender, FHA or VA case number, if any,and reasons for D [X] I D [K] the actton. Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond, or loan guarantee? Are you obligated to pay alimony, child support, or separate maintenance? Is any part of the down payment borrowed? o D D [K] [Xi I:XJ'D [KID [KID[Xi DOODCiJ CiJDDCiJ DI:XJDCiJ I:XJD[XiD DwDw i. Are you a co-maker or endorser on a note? j. 'A~e'yo'u"a-li"S--cii:jzen?" k. Are you a permanent resident alien? I. Do you Intend to occupy the property as your primary If "Yes," complete question m below. m. Have you had an ownership interest in a property in the last three yearsl (1) What type of property did you own -- principal residence (PR), second home ISHI, or investment property liP)? 121 How did you hold title to the home -- solely by yourself IS). jointly 74,497.00 1,450.00 75,947.00 1,146.73 . ' IX. ACKN LEDGMENT AND AGREEMENT The undersigned specifically acknowledge(s) and agree(s) that: (I) the loan requested by this application will be secured by a first mortgage or deed of trust on the property described herein; (2) the property will not be used for any illegal or prohibited purpose or use; (3) all statements made in this application are made for the purpose of obtaining the loan indicated herein; (4) occupation of the property will be as indicated above; (5) verification or reverification of any information contained in the application may be made at any time by the Lender, its agents, successors and assigns, either directly or through a credit reporting agency, from any source named in this application, and the original copy of this application will be retained by the Lender, even if the loan is not approved; (6) the Lender, its agents, successors and assigns will rely on the information contained in the application and I/we have a continuing obligation to amend and/or supplement the infonnation provided in this application if any of the material facts which I/we have represented herein should change prior to closing; (7) in the event my/our payments on the loan indicated in this application become delinquent, the Lender, its agents, successors and assigns, may, in addition to all their other rights and remedies, report my/our names(s) and account information to a credit reporting agency; (8) ownership of the loan may be transferred to successor or assign of the Lender without notice to me and/or the administration of the loan account may be transferred to an agent, successor or assign of the Lender with prior notice to me; (9) the Lender, its agents, successors and assigns make no representation or warranties, express or implied, to the Borrower(s) regarding the property, the condition of the property, or the value of the property; (10) consumer credit reports will be obtained in connection with this application and we will infonn you of the names and addresses of the agency(ies) supplying the report(s). Certification: lIWe certify that the infonnation provided in this application is true and correct as of the date set forth opposite my/our signature(s) on this application and my/our understanding that any intentional or negligent misrepresentation(s) of the information contained in this application may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18. United States Code, Section 1001, et seq. and liability for monetary damages to the Lender, its agents. successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which lIwe have made on this application. Borrower's Signature Date Co-Borrower's Signature The following infonnation is requested by the Federal Government for certain types of loans related to a dwelling, in order to monitor the Lender's compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a Lender may neither discriminate on the basis of this information, nor on whether you choose to furnish it. However, if you choose not to furnish it, under Federal regulations this Lender is required to note race and sex on the basis of visual observation or surname. If you do not wish to furnish the above information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to which the Lender is subject under applicable state law for the particular type of loan applied for.) BORROWER [] I do not wish to furnish this information D American Indian D Asian or or Alaskan Native Pacific Islander Race/National D BI.8Ck, !lot Qf. D Hispanic HispaniC onglO Origin: D Other (specify) Sex: [] Female To be Completed by Intarvlewer This application was taken D face-to-face interview D by mail !KJ by telephone D White, not of Hispanic Origin CO-BORROWE.B..-., U I do not wish to furnish this information D American Indian D Asian or or Alaskan Native Pacific Islander D BI.ack, !lot Qf. D Hispanic HispaniC origin D Other (specify) D Female D White, not of Hispanic Origin Race/National Origin: D Mal. D Mala Sex: Interviewer's Name (print or type I SANDY STARNES Interviewer's Signature Name and Address of Interviewer's Employer 10107/98 Date U. S. SlInk 5000 ATRIUM WAY MT. LAUREL NEW JERSEY 08054 Interviewer's Phone Number (incl. area code) 509.353-7424 Fredale Mac Form 65 RA 06 (103111/~B Page 4 of 4 Fannie Mae Form 1003 10/92 . ST A TEMENT OF ASSETS AND LIABILITIES (Supplement to Residential Loan Application) Name BRUCE W. SMITH The following information is provided to comp'ete and become a part of the application for a mortgage in the amount of $ 74,497.00 with interest at 6.87500 %. for a term of 360 months and to be secured by property known as: Subj.ot Property Addr... Istr.et, city, stet., & zip code) 1224 COTTMAN BREMER TON WA 98312 Legal Description of Subject Property (attach description if necessary) "c..,:")E~":;' I\ND Ird1l!\1 fS lOT 16, 17, 18 AND 10FT OF lOT 19 This Statement and any appllcabte supporting schedules may be completed jointly by both married and unmarried Co.Borrowers If their assets and liabilities are sufficientlv lolned so that tl"te: Stlltement can be meanlngtully and fairty presented on a combined basis; otherwise separate Statements and Schedules are required. If the Co-Borrower section was completed about a spouse, this Statement and supporting schedules must be completed about that spouse also. Completed 0 Jointly [!] Not Jointly L1.b.... .nd P1fdg.d A".t'.Ust the creditor's name, address and account number for all outstandillJ debts, includinl automobile loaM, nvolvina cbafJe a<<.ounts, real estate loans, atlmony. chUd support, Slock pledges. elC. Use continuation sheet. if necessary. Indlclate by (.) !hose liabilities which will be satisfied upon sale of real estate owned or upon refinanclna of the subject property. Monthly Peyt. & Unpeld MOl. Left to Pey Belenee $ Payt.IMos. $ LIABILITIES Name and address of Company ASSETS C..h or Market Velue Description Cash deposit toward purchase held by: . List checking .." ..v#ntJ.t .t:CIHI'* HIow Name and address of Bank, S&l, or Credit Union AMERICAN GENERAL FINANCE 25.00 20 500.00 Acct. no. I' Name end address of Bank, S&l, or Credit Union AcCl. no. 8980778049857173 Name and address of Company $ Payt./Mos. $ Acct. no. I" Nam8and address of Bank, S&.L, or Credit Union Acct. no. Name and address of Company $ Peyt./Mos. $ Acct. no. I" Name and address of Bank, S&.L, or Credit Union Acct. no. Name and address of Company $ Peyt./Mos. $ $ $ Acct. no. Name and address of Company $ Payt./Mos. $ Acct. no. Stocks & Bonds (Company name/number & description) $ Acct. no. Neme and address of Company Ufe insurance net cash value $ Payt./Mos. $ Face amount: $ Subtotal Liquid A...ts . Acct. no. =reddle Mac Form 6!5A\~' I 198 10031 Rft'. t/92 A 6 Page 1 of 2 Fannie Mue Form l003A 5(91 Real estate owned (enter market value from schedule of real estate) ownedl Vested interest in retirement fund $ Net worth of business(es) owned (attach financial statement) Automobiles owned (make and year) $ $ $ Name and address of Company $ Payt./Mos. $ Other Assets (itemize) $ Acct. no. Alimony/Child Support/Separate Maintenance Payments Owed to: $ Job Related Expense (child care, union dues, etc.) $ Total Month Pa ments $ Total Assets a. $ 36,350.0D Net Worth (a minus b ) )wned, use continuation sheet.) $ 27,099.00 Total Liabilities b. $ 9,251.00 Schedule of Real Estate Owned (if at ditional properties are Property Address (enter S if sold, PS if pending sale or R if rental being held for incomel Type Of Property Present Market Value Amount Of Gross Mortgages & Lien' Rental IncomE Mortgage Payments Insurance, Maintenance, Net Taxes & Misc. Rental Income $ $ $ $ $ $ Totals $ $ $ $ $ $ List any addltlon.r names under which credit hes previously been received end Indlcete approprlete creditor nemel" end account numberlsl; Alternate Name Creditor Name Account Number ACKNOWLEDGMENT AND AGREEMENT The undersigned specifically acknowledge(s) and agree(s) that: (1) the loan requested by thIS apphcation wIll be secured by a first mortgage or deed of trust on the property described herein; (2) the property will not be used for any illegal or prohibited purpose or use; (3) all statements made in this application are made for the purpose of obtaining the loan indicated herein; (4) occupation of the property will be as indicated above; (5) verification or reverification of any information contained in the application may be made at any time by the Lender, its agents, successors and assigns, either directly or through a credit reporting agency, from any source named in this application, and the original copy of this application will be retained by the Lender, even if the loan is not approved; (6) the Lender, its agents, successors and assigns will rely on the information contained in the application and I/we have a continuing obligation to amend and/or supplement the information provided in this application if any of the material facts which I1we have represented herein should change prior to closin~; (7) in the event my/our payments on the loan indicated in this application become delinquent, the Lender, its agents, successors and assigns, may, in addition to all their other rights and remedies, report my/our names(s) and account information to a credit reporting agency; (8) ownership of the loan may be transferred to successor or assign of the Lender without notice to me and/or the administration of the loan account may be transferred to an agent, successor or assign of the Lender with prior notice to me; (9) the Lender, its agents, successors and assigns make no representation or warranties, express or implied, to the Borrower(s) regarding the property, the condition of the property, or the value of the property; (10) consumer credit reports will be obtained in connection with this application and we will inform you of the names and addresses of the agency(ies) supplying the report(s). Certification: IlWe certify that the information provided in this application is true and correct as of the date set forth opposite my/our signature(s) on this application and my/our understanding that any intentional or negligent misrepresentation(s) of the information contained in this application may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq. and liability for monetary damages to the Lender, its agents, successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which l/we have made on this application. Borrower's Signature Date Co-Borrower's Signature Date TO BE COMPLETE BY INTERVIEWER x x Interviewer's Name (print or type) Name and Address of Interviewer's Employer This application was taken by: SANDY STARNES Interviewer's Signature Date U.S. Bank 6DDD ATRIUM WAY MT. lAUREL NEW JERSEY 08054 509-353'7424 D face-to-face interview D bymail [!] '::1y.telephone Interviewer's Phone Number (inc!. area code) 509- 35~-7424 'Freddie Mac Form 69A 5/91 is'JPAI 6/98 Page 2 of 2 Fannie Mae Form 1003 A/Rev. 5/91 SELLERS' CLOSING STATEMENT 1224 COTTMAN AVENUE, BREMERTON, WASHINGTON SELLERS: LLOYD ROBERT SMITH and CLARA BELLE SMITH PURCHASER: CITY OF BREMERTON LEGAL DESCRIPTION: PARCEL I: LOTS 16 AND 17, BLOCK 3, OLE HANSON'S NAVY ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. PARCEL II: LOT 18 AND THE NORTH 10 FEET OF LOT 19, BLOCK 3, OLE HANSON'S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. AMOUNTS DUE/PAID SELLERS Total Purchase Price $95.000.00 TOTAL CASH PROCEEDS PAYABLE TO SELLERS AT CLOSING $95.000.00 NOTE: It is understood by all parties hereto that real property taxes for the 1996 tax year have been paid and that said taxes become exempt as of the date of closing. The tax amount previously paid will be pro-rated and a refund will be returned to Sellers by the Kitsap County Treasurer. ACCEPTED It is further understood and agreed that this closing statement is subject to audit and should there be any errors or omissions, they are to be corrected. Further, if any legitimate monetary error is discovered, it is to be assessed and immediately collected from the party or parties liable therefor. AND APPROVED this al5~ay 0 , 1996. CLARA BELLE SELLERS' CLOSING STATEMENT SMITH.SC$ - west Hills Closings - 6/20/96 PURCHASER'S CLOSING STATEMENT 1224 COTTMAN AVENUE, BREMERTON, WASHINGTON SELLERS: LLOYD R. SMITH and CLARA BELLE SMITH PURCHASER: CITY OF BREMERTON LEGAL DESCRIPTION: PARCEL I: LOTS 16 AND 17, BLOCK 3, OLE HANSON'S NAVY ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. PARCEL II: LOT 18 AND THE NORTH 10 FEET OF LOT 19, BLOCK 3, OLE HANSON' S NAVY YARD ADDITION, ACCORDING TO THE PLAT RECORDED IN VOLUME 4 OF PLATS, PAGE(S) 56, RECORDS OF KITSAP COUNTY, WASHINGTON. AMOUNTS DUE/PAID SELLERS Total Purchase Price $95.000.00 Cash payment payable to Sellers at Closing $95,000.00 ADD Purchaser's Closing Costs to Cash Payment Payable at Closing: 1% Real Estate Excise Tax (1.78% - Kitsap County Treasurer) $1,691.00 Title Insurance Premium (Land Title Insurance Company) Recording Fee for statutory Warranty Deed (Kitsap County Auditor) 370.78 Total Purchaser's Closing Costs 8.00 $2,069.78 $ 2.069.78 TOTAL CASH REQUIRED FROM PURCHASER TO CLOSE $97.069.78 NOTE: It is understood by all parties hereto that real PURCHASER'S CLOSING STATEMENT - 1 SMITH. pes - West Hills Closings - 6/20/96 property taxes for the 1996 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. ACCEPTED 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. r-- /-l AND APPROVED this ~7 day of l_~ C~ RTON B~A \ IAN R lEVERS Bremer on City Attorney , 1996. PURCHASER'S CLOSING STATEMENT - 2 SMITH. pes - West Hills Closings - 6/20/96 PLEASE TYPE OR PRI!'.T PLEASE SEE REVERSE REAL ESTATE EXCISE TAX AFFIDAVIT This form is your receipt when stamped by cashier. CHAPTER 82.45 RCW - CHAPTER 458-6t WAC For Use at County Treasurer's Office (Use Form No. 84-OOO1B for Reponing Transfers of Controlling Interest of Entity Ownership to the Department of Revenue) TIllS AFFIDAVIT WILL NOT BE ACCEPTED UNLESS ALL AREAS 1-7 ARE FULLY COMPLETED .. N LLOYD ame CLARA ROBERT SNITH i3': L L E S~H TH .... ",12 ..lz ..l", "'.. "'r.:J Strect1224 COTTMAN City/Statc/Zip3r-9mer t.o n yJA 98312 ADDRE:SS TO SEND ALL PROPERTY TAX RELATED CORRESPONDENCE Name Ci::.y of i3remerton Street 233 4th Street 3rem'?rton "JA 913337 B ..tl ~~ "'" Name City of Breme~r:to.'l_ Street 239 4 IHS.tr:e~eJ; City/Slate/Zip B rem ert.o.I1......\<I~._ 911.3.:3.L.. . ALL TAX PARCEL NUMBERS 4546-003-.016::I.).OQ9 4546-003-018-0007 City/Slate/Zip II LEGAL DESCRIPTION OF PROPEKfY SITUATED IN 0 UNINCORPORATED 1224 Cottman Street Address (if property is lInproved): COUNTY !Xl OR IN CITY OF RY'AmRr t nn Sea Exhibit "A". YES NO III Description of tangible personal property if included in sale (furniture, appliances, etc.) II Is this property currently: Classified or designated as forest land? Chapter 84.33 RCW o [] Classified as current use land (open space, farm D and agricultural, or timber)? Chapter 84_34 RCW Exempt from property tax as a nonprofit organization? Chapter 84.36 RCW ScHer's Exempt Reg. No. _ _ _ _ _ - _ __ Receiving special valuation as historic D property? Chapter 84.26 RCW Prgperty Type: 0 land only ~ land with previously used building J{ltimbe'r only fi<J o OCJ [] o land with new building o land with mobile home o building only Principal Use: o timber o other o Apt. (4 + unit) o agricultural KJ residential o commercial/industrial II (1) NOTICE OF CONTINUANCE (RCW 84.33 or RCW 84.34) If the new owner(s) of land that is classified or designated as current use or forest land wish to continue the classification or designation of such land, the new owner(s) must sign below. If the new owncr(s) do not desire to continue such classification or designation, all compensating or addi- tional 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 assessor must determine if the land transferred qualifies to continue classification or designation and must so indicate below. Signatures do not necessarily mean the land will remain in classification or designation. If it no longer qualifies, it will be removed and the com- pens<lting taxes will be applied. All new owners must sign. This land 0 docs [; does not qualify for continuance. Date DEPUTY ASSESSOR (2) NOTICE OF COMPLIANCE (Chapter 84.26 RCW) 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. 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 and payable by the seller or transferor at the time of sale. (3) OWNER(S) SIGNATURE If exemption claimed, list WAC uumber and explanation. WAC No. (SeclSub) Explanation Type of Document S t at,ut()r:1. l'Ill.r: r:~n t LQ.!lI3~g Dale of Document. June 2 .Lt996 Gross Sale Price $ 95, ogO. DO, Persoual Property (deduct) $ - 0- Taxable Sale Price $1; 691. 0 [) '':-0'- EXCise Tax: Slale $$ _ 0-- Local Delinquent Interest: State $ - G .. Local $$ =g= Delil\'luent Penalty: State ,,/ $ 1.1)9'1. ao-' . Total Due / THERE IS A $2.00 FEE ~'OR PROCESSING THIS FORM IF NO TAX IS DUE I. AFFIDAVIT I certify under penalty of perjury under the laws of the state of Washington that the foregoing is true and correct (See back of this form). (-.. Signature of i. CGranlDrl;Agent, __ . . . ' ......>-__.,.._c...,'J"'-." Name (print) Llllvd Rob.at Smith Date & Place of s~June 2/. 1996 Bremerton , Signatu~, of- , '. i/ GranteelAgem, . <',-<. . Name (print) Ian R. Sievers, City Attoaaey Date & Place of SigningJune 2 1996 Bremerton '7 ,") - _/ ~~ I .-/; 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 .00), or by both imprisonment and tine (ReW 9A.20.020 (I C)). REV 84 OOOla (6-16.1))) (PD 6-19~95) FOR TREASURER'S USE ONLY TAXPAYER ~ - NWMlS Form No. 1A W.A.R. Form No. L.102-R """""'" Sa~ EXCLUSIVE SALE AND LISTING AGREEMENT Rev12196 ~ Page 1 of 2 pagel ~ " TheundersignedSeller("Seller")herebygranlslo l"\ E I\) rcP,1....:rY EI<,r-t ,("Broke~) from date hereof until midnight of JEC" ~ M~c;;::'~ ~ ( , 19~, the sole and exclusive rlght to submit offers to purchase. 2 and to recelptfordeposlts In connection therewith. the real property (~the Property") commonly known as I 27- In the Cllyof b "':f<.t:/.I'V\:l:Q.i7"'lN CCopyright 1996 Washington Information Nelwolit ALL RIGHTS RESERVED , County of f};!J /2.; and lagally 4 described 8S: lOT ,BLOCK , DIVISION -,--;q..JJ VOL , PAGE f/,S-C/~-(DV3-0f(O- CX:~:/1 1. DEFINITIONS. For purposes of this Agreement: (8) "MlS. means the Northwest Multiple Listing Service; and (b) .sell" Includes a contract to sell; an exchange or contract 8 to exch8nge; an option 10 purchase; and/or 8 lease with option to purchase. 9 2. AGENCY/DUAL AGENCY, Seier authorizes Broker to appoint to aetas Saller's listingAgent(s). Itis understood 10 and agreed that this Agreement creates an agency relationship with listing Agent( and Brokor only, not with any other sales persons of Broker: provided, Seller authorizes 11 Broker to appoint other aalHpefsons affiliated with Broker as subagents to act on Seller's behalf as and when needed, at Broker's discretion. Any broker or salesperson, other 12 then B_''''lIslIngAgen~ wOOpItlClM8Saprospedlve buyerforthe Propertywllnolbe18presanlingSallerand maY18p18sen1theBuyer. Aooonlingly, to,the purpoll8SoflhlsAgreemen~ 13 the term "Broker" means listing Agent(s) induellng eny subagents and listing Agent's Broker, Designated Broker or Branch Manager, unless expressly stated otherwise. 14 SeUer agrees that If the Property is sold to a buyer represented by one of Broker's salespersons other than Listing Agent(s), then Seller consents to Broker acting as a dual 15 agent. Seller further agrees that if the Property Is sold to a buyer who listing Agent also represents, then Seller consents to Listing Agent(s) and Broker acting as dual agen~, 16 Seller agrees that different 181e, persons affiliated with Broker may represent different sellers In competing transactions involving the same buyer and that this shall not be 17 considered action by Brokerthat Is adverse ordetrimental to the Interests of either seller, nor shall it be considered a connict of Interest on the part of Broker. Seller acknowledges 18 receipt of the pamphlet entitled "The law of Real Estate Agency: 19 If Broker acts as a dual agent, then Broker shall be entitled to the entire commission payable under this Agreement plus any additional compensation Broker may have 20 negotiated with the Buyer. 21 3. COMMISSION. If (a) Broker procures a Buyer on the terms in this Agreement, or on other terms acceptable to Seller; or (b) Seller directly or indirectly or through any person 22 the rm hereof, sells the Property; then Seller will pay Broker a commission of (fill in one and strike the other) 23 % of the sales price, or $ ......:0. , Further, if Seller shall, within six months after the expiration 24 of this Agre ment, sell the Prope to ny person to whose attention It was brought through the signs, advertlsing or other action of Broker, or on information secured directly 25 or indirectly from or through Broker, during the term of this Agreement. then Seller will pay Broker the above commission. Provided, that if a commission is paid to a member 26 of MLS or 8 cooperating MLS in conjunction with a sale, the amount of commIssion payable to Broker shall be limited to the amount of commission whIch would have been 27 payable pursuant to this Agreement less any commission so paid 10 another member of MlS. Provided further, that if SeUer cancels this Agreement without legal cause, Seller 28 may be liable for damages Incurred by Broker as a result of cancellation, regardless of whether Seller pays a commission to another MLS member. 29 4. KEYBOX. Broker is authorized to install a keybox on the Property. Such keybox may be opened by a master key held by all members of MLS and their salespeople. A master 30 key also may be held by afflliated third parties such as inspectors and appraisers who cannot have access to the Property without Broker's prior approval which will not be 31 given without Broker first making reasonable efforts to obtain Seller's approvaL 32 5. SELLER'S WARRANTIES AND REPRESENTATIONS. Seller warrants that he/she has the right to sell the Property on the terms herein and that the Property Information on the additlonal pagel to this Agreement Is correct. Further, Seller represents that to the best of SeUer's knowledge, there are no structures or boundary Indicators that either encroach on adjacent property or on this Property. Seller understands that Broker and other members of MlS will make representations to prospective buyers based on the Property information on the additional pages to this Agreement. Seller agrees to indemnify and hold Broker and other members of MLS harmless in the event the foregoing warranties and representations are Incorrect. 6. CLOSING COSTS. Seller agrees to furnish and pay for a buyer's policy of tiUe insurance showing marketable t1l1e to the Property. Seller agrees to pay real estate excise tax and one-half of any escrow fees or such portion of escrow fees and any other fees or charges as provided by law in the case of FHA or VA financed sale. Ren~, taxes, interest, reserves, assumed encumbrances, homeowner fees and insurance are to be prorated between Seller and Buyer as of the date of closing. 7. MULTIPLE LISTING. Broker shall cause this listing to be publiShed by MlS. Broker may refer this listing to any other cooperating multiple listing service at Broker's 41 discretion. Broker shall cooperate with all other members ofMLS, orof 8 mUltiple listing service to which this listing is referred, in working toward the sala of the Property, 42 Regardless of whether a cooperating MLS membor is the agent of the Buyer, the Seller, neither or boLh, the member shall be entitled to receive the selling office's share 43 of the commission. SELLER UNDERSTANDS AND AGREES THAT THE PROPERTY INFORMATION ON THE ADDITIONAL PAGES TO THIS AGREEMENT Will 44 BE GIVEN TO PROSPECTIVE BUYERS AND TO OTHER COOPERATING MEMBERS OF MLS WHO DO NOT REPRESENT THE SELLER AND. IN SOME 45 INSTANCES, MAY REPRESENTTHE BUYER. IT IS UNDERSTOOD THAT MlS IS NOT A PARlY TO THIS AGREEMENT AND ITS SOLE FUNCTION IS TO FURNISH 46 THE DESCRIPTIVE INFORMATION ON THE ADDITIONAL PAGES OF THIS LISTING TO ITS MEMBERS, WITHOUT VERIFICATION AND WITHOUT ASSUMING 47 ANY RESPONSIBllIlY FOR SUCH INFORMATION OR IN RESPECT TO THIS AGREEMENT. 48 8. DISCLAIMER/SELLER'S INSURANCE. Neither Broker, MlS, nor any members of MLS or of any multiple listing service to which this listing is referred shall be responsible for loss. theft, or damage of any nature or kind whatsoever to the Property snd/orto any personal property therein, including entry by the master key to the keybox andlor at open houses. Sener" advtnd to notify S.ller'l Inlurance company that the Property II listed for sale and ascertain that the SeUer has ad.quate Inlurance coverage. I' the Property I, to be vacant during all or part of the tenn of this listing, Seller .hould reque.t that a "vacancy clause" ba added to Seller'. Insurance policy. 9. BROKER'S RIGHT TO MARKET THE PROPERTY, Seller shall not commit any act which materially impairs Broker's ability La market and sell the Property under the terms of thIs Agreement. In the event of breach of the foregoing, Seller agrees to pay Broker a commission in the above amount, or at the above rate applied to the listing price herein, whichever is applicable. Brokerahall be entitled to show the Property at all reasonable times" Broker need not submit to Seller any offers to lease, rent, execute an option to purchase, or enter Into any agreement other than for Immediate sale of the Property. 10, REAL PROPERTY TRANSFER DISCLOSURE STATEMENT, Unless Seller is exempt under RCW 64,06, Seller shall provide to Broker as soon as reasonably practicable a completed and signed -Real Proparty TransferDlsclosure Statement- (WAR. Form 0-5 or NWMlS Form 17), Seller agrees to Indemnify, defend and hold Broker harmless from and against any and all claims that the Information Seller provides on WAR. Form 0-5 or NWMlS Form 17 is inaccurate. 11. DAMAGES IN THE EVENT OF BUYER'S BREACH, In the event Selier retains earnest money as liquidated damages on Buyar's breach, any costs advanced or committed by Broker on Seller's behalf shall be paid therefrom and the balance divided equally between Seller and Broker, 12. ATTORNEYS' FEES. In the event either party employs an attorney to enforce any terms of this Agreement and is successful, the other party agrees to pay reasonable attorneys' fees. In the event of trial, the successful party shall be entilled to an award of attorneys' fees and expenses; the amount of the attorneys' fees and expenses shall be fixed by the court. The venue ~f any suil shall be the county in which the property is 10Rtep..,./ DATED THIS 6r .c:AJZOF L , 19'j ~ Aretheundersign'CIdthe80IeOWner(S~ES ClNO "'-- 'J) SEllER BY SEllER j'" i, I'" r:': I: ~ .' ! I.. 3 ,. ", i i. 5 6 7 l'. i", " j'". t,' i !;,: , ' l:, I , j" '" " f,:"" ;', I:, r"o' '.. I:' ,', I' I'; , " r' ;.: l:: ,'., " 33 :.. 34 L 35 36 I ~ : 37 38 ", 39 40 49 50 51 S2 S3 54 55 56 57 S8 59 60 61 62 63 64 65 66 : 67 t,tWMLS Form No.1 REV.02.96 C Copyright 1996 Northwest Multiple Listing Service All Rights Reserved 'INDICATES REQUIRED INFORMATION .{Z,,7,y " {'S)TT?11Jt.p .. SN-HOUSEIt "STA . STREET NAME ,1,2,3, _.J-J...-j EXAMPLE ~ RESIDENTIAL Exclusive Listing Agreement (page 2 of 2) LISTING INPUT SHEET TRANSACTiON # - 'PROPERTY TYPE [!] ;: <. : , clliB AREA' lISTING# 'CIT ~~ 'LP {g~~, (SEE REVEASE) 'MAP 3S , , 'GRD MAP (Start at lell) "~ _...J .ZIP ,N,W, S,EAC,R,E,S,T , frAR OSR I~.,-, Ifl Ll<;, DISTRICT &Lr 'LO q,~ ~.\! COUNTj J ,,-L LIST OFFC)' ~~ 'REP LIST i:~Nl' <;( ,{ il. ,9, " 'AGE, LIST OA7:. } .1":2.. :"3.,1 Cj<( EXPIRE DATE .Ji& , BEDROOMS , I . , , ~A~OOO~S, SEllING OFFICE COMM. .COU .LAG 'LD 'XD .TAX 'BR 'BTH .sac .PTS 'OCC , , , OCCUPANT LSZ , , , , , LOT SIZE DIMENSIONS ~VED STREET (Y/N) PVO UFI ~ UREA-FORMALDEHYDE INSUl. (Y/N) AJ SOEWALK (YIN) ~LE AVAILABLE (YIN) SOW c;BL WOW , , , . , , WINDOW COVERING ELF~rll-t <- ~~Al SENIOR HIGH WHT SH RMl "REMARKS ' A V , PRJ 1-...1...-' PROJECT LIST OFFICE NAME & PHONE NO. , , BLO , ' tt.UILDE~ eo, h ..:rr ~ NIA DENTER "N" TO SPECIFY NO INTERNET ADVERTISING FR W~'i1JE ,EI t I;:' , ~/,7:" t>D~ <.,. LIST AGENT NAME & PHONE NO. ~C New................O Remodtlled....BBB ~ACluaIAge......l.99Legal.............999 AGE Unkoown ........ 777 (no decimals) KINGIPIERCE COUNTY TAXIO ,'if4/f,.rn5 O{ (p(!xx:R S OHOMI H/SKAGIT/KITSAP , WHATCOM COUNTv TAX 10' , , , 9..~3L2. ZIP CODE ~ GRID NC ~STY S~ (SEE REVERSE) B.. builder lislecl; L.-.-.Jp"presale LT ~ NEW CONSTRUCTION LOT NUMBER PHONE TO SHOW' , , .OWN ,c. I, rcJ I:'>k ,~~-otl .OAD ,~~A~tf7'h., ':?C LSD ,o;J~;;r, , , , , , LEASED eQUIPMENT ___ BUS ~l1SM ,~/l , BUS _ . \ WTD ~~~ WATE'lOISTRICT HOD Nfl, , ~WNER DUES $ PER MONTH ASF A RWSOFT LNO ;,)1+, CURREl'T LENDER lLN 1-Jtt, " LOAN NUMBER ,~N, JUNIOR HIGH/MIDDLE SCHOOL ~ GAR ~F CARS/GARAGE ~ FAMILY/REC ROOM: F=lamity; R=rec ~ II OF FIREPLACES FP B5M .tJ BASEMENT R=roughedln P=parllalllnlshed F='llllllnllhecl N=none OTV DR ~GROOM(YIN)' L OWNE~ENANTNACANT 0.. owner occupied: T=lenan\: V=yacanl .OPH , ttl S- 5'~~,~ OWNER PHONE ~~At ~-P10 JH , , , TYL ,1J1f, , ~ OF LOAN , 11,-. " ~~G~GE B~~NC,E $, ,'X;A~ RAT~(S) PAYMENT $ i " MB INT PMT TI ~ TAXESIINSUR. INCL (YIN) TX , , ~ TXY ,~% L DISTRICT(SEE REVERSE) I~ EL :: RM2 RM3 RM4 RM5 PHI .~~, ,~Or: ,hl.~\..l.l,"~~ :-X~~/~ INSTRUCTIONS TO PHOTOGRAPHER , , , , ENT 1ENnn' TQB THREE QUARTER BAnts .KEY KEY INFO 11,~ BA8EME.NT Q A. 1 IN BASEMENT ~ A. NWMlS KEV80X B l? : FIRST FLOOR ~ B. 21N BASEMENT AIlD'9. SKAGIT KEYBOX SC : C. SECOND FLOOR 0 C. 3 OR MORE IN BASEMENT Q C. WHATCOM KEVBOX we ,LVDl.IVNIfDlNlNOAOOM aD.l'ONlsTFlooR 00, PIERCEl<E.YBOX PC o A. LMHO ROOM IN BASEMENT 0 E. 2 ON 1ST FLOOR 0 E. KITSAP KEY90X KC ~. LMNOROOMON1STFlOOR aF. 3 OR MORE ON 1ST FLOOR ~ C1F. ,THURSTONKEYBOX TC . " 0 C. LMNG ROOM ON 2ND FLOOR 0 G. 1 ON 2ND FLOOR 0 T. OTHER l<E.Y-SEE REMARKS os a D. DINING ROOM IN BASEMENT Q H. 2 ON 2ND FLOOR CI U. VACANT BOX ' VB CI E. OWING ROOM ON 1ST FLOOR C11. 3 OR MORE ON 2ND FLOOR CI v. OWNER/CALL FIRST co OF. DINING ROOM ON 2ND FLOOR HB HALF BATH' ......W. RENTER/CAll FIRST CR KrT KITCHEN 0 A. 1 IN BASEMENT '0 'x. CAll LISTING OFFICE lO '(1 CHOICE PER LEVEL) 08. 2 IN BASEMENT 0 V, APPOINTMENT AP Il O.A. KIT. IN BASEMENT wlEAT. SPACE M C. 3 OR MORE IN BASEMENT 0 Z. SEE ReMARKS SR V"6l.8. KIT.ON1STFLooRwluT.SPACE aD. 1 ON 1ST FLOOR .PHOPH0T08 ; tJc. KIT. ON 2ND FLOOR wlEAT. SPACE CI E. 2 ON 1ST FLOOR 0 A. READY FOR PHOTO ~. 0 O. KITCHEN IN BASEMENT OF. 3 OR MORE ON 1ST FLOOR ~. PHOTo/SKETCH SU9MmED tOE. KITCHEN ON 1sT FLOOR a G. 1 ON 2ND FLOOR . NO PHOTO ReOlJESTED " 0 F. KITCHEN ON 2ND FLOOR lJ H. 2 ON 2ND FLOOR D. tfO PHOTO. UNDER , BOR BEDIlOOMB 0 I. 3 OR MORE ON 2ND FLOOR CONSTRUCTION o A, 1 IN BASEMENT UTF UTIUTY ROOMlFPlC CI E. NO PHOTO - PRESALE o B. 2 IN BASEMENT ~. BASEMENT UTIlITY ROOM .POS P088ESIlON o c. 3 IN BASEMENT f;' 1 ST flOOR UTILITY ROOM CI A, ClOSING, o O. 4 IN BASEMENT Q C. 2ND FLOOR UTILITY ROOM ~8. CLOSING + 3 DAYS 01: 0 E. 5 OR MORE IN BASEMENT 0 O. GARAGE UTILITY ROOM D C. SUBJECT TO TeNANT RIGHTS . OF. 1 ON 1 ST FLOOR 0 E. ONE FPlC IN BASEMENT Q. SEE REMARKS .....1\. 2 ON 1ST FLOOR 0 F. TWO FPLC IN BASEMENT F~LOOll COVlRIHQ t"Ei"'H. 3 ON 1 ST FLOOR 0 G. ONE FPlC ON 1 ST flOOR :A. WAll TO WAlL CARPET o I. 4 ON 1 ST FLOOR 0 H. TWO FPLC ON 1 ST FLOOR 1; ~NVI. OJ. 5 OR MORE ON 1ST FLOOR 0 I. ONE FPLC ON 2ND ROOR C. HARDWOOD lJ K. 1 ON 2ND FLOOR a J. TWO FPlC ON 2ND FlOOR 0 O. CERAMIC TILE o L. 2 ON 2ND FlOOR FRR FAMILY/AEC ROOM 0 E. SLATE OM. 3 ON 2ND FLOOR 0 A. FAMILV ROOM IN BASEMENT CI F. CONCRETE ON. 4 ON 2ND FLOOR ~ Q B. FAMILY ROOM ON 1ST FLOOR 0 G.OTHER 00. '5 OR MORE ON 2ND FLOOR Q C. FAMllV ROOM ON 2ND FLOOR EXT EXTERlOfl ; FLB FULl BATHS I:) O. REC ROOM IN BAseMENT ~ WOOD o A. 1 IN eASEMENT lJ E. REC ROOM ON 1ST FLOOR B. VINYl o B. 2 IN BASEMENT OF. REC FlOOM ON 2ND FLOOR lJ C. ALUMINUM 1>"~' C, 3 OR MORE. IN BASEMENT EFR EXTRA FINISHED ROOM 0 D. BRICK . . 1 ON 1 ST FLOOR fa A. BASEMENT 0 E. . STONE o E. 2 ON 1 ST FLOOR 8, 1 ST FLOOR 0 F, OTHER OF.3ORMOflEONlsTFlOOR Clc.2NOFLooR OG, LOG HOME o G. 1 ON 2ND FLOOR YEW mw o 104, 2 ON 2NO FLOOR 0 A. MOUNTAIN o l. 3 OR MORE ON 2ND FLOOR 0 B. SOUND Oc. LAKE 00. CITY o E. TeRRITORiAl o F. GOLF COURSE o G. OTHER Initials: (Seller) (Seller) 19 ~ 19 19 l 1: , , , , . , , , , , , ~ FE1:INTERIOR FEATURES', . COMPOSITION .., RANGE/OVEN B. CEDAR SHAK';4- 3 . DISHWASHER o C. TILE ] C. GAR8AGE DISPOSAL o D. BUILT UP .&.0. REFRIGERATOR o E. METAL . ] E. WASHER!oRVER o F. OTHER ^ 0 F. WOOD STOVElFRPLC INSERT HT HEAT vaG. INSULATED WINDOWS o A. GAS 0 H. DEN/lIBRARV/OFFICE a B. ELECTRIC 1> 0 I. SEcuRrrv SYSTEM ~. Oil 0 J. MICROWAVE STAYS . FORCED AIR 0 K. HOT TUe/SPA e. BASEBOARD 0 L. SAUNA o 10, WALL 0 M. BUILT-IN VACUUM o G. BASEBOARD HOT WATER 0 N. INTERCOM o H. OTHER 0 O. WET BAR ACR APPROX. ACREAGE a P. TRASH COMPACTOR ~. .25 ACRES OR LESS CI O. PANTRV . .25 TO .5 ACRE b 0 R. HANOICAP ACCESS c. .5 TO 1 ACRe Cl s. SOlARIUWATRlUM o D. 1 TO 5 ACRES QT. FIREPLACE IN MASTER 9EOROOM DE. 5 TO 10 ACRES 0 u. CEILING F=AN(S) OF. 10T020ACRES Ov. WALl<-INClOSET o G. 20 TO 50 ACRES 0 W, GOURMET KITCHEN o H. 50+ ACRES 0 X. RENTAL INCOME ~SEWEFl 0 Y. BATH OFF MASTER . SEWER CONNeCTED SIT SITE nATURes B. SEWER AVAILABLE A 0 A. HANDICAP ACCESS Dc. SEPTIC 0 B. FENCEO.PARTIAU.Y .TRM TERMS ~. FENCED-FULLY ~ ,. CASH OUT C. RV PARKING DECK/PATIO . FHA / CI F. WOODeD LOT : ::NVENTIONAL !) lJ:: SPRINKLER SYSTeM E. STATE BOND 0 H. HOT TUB .51.10. ASSUMABLE C11. BARN / _ ~G. DOT 0 J. OUTBUILDINGS vPI 0 H,. REC 0 K. REAR VARD LIGHTS 01. OTHER C1L. ALLEY WFT WATERFRONT (SEE REVERSE) 0 M. DOCK f 0 A. LAKE FRONTAGE ,0 N. BOAT HOUSE o B. SOUND FRONTAGE 0 o. CABANA/GAZEBO o C. RIVER 0 P. DOG RUN a D. CREEK 0 Q. ATHlETIC COURT o E. BEACH RIGHTS ' 0 R. TeRRACED YARD POL POOL 0 S. OREENHOtJSE ~a A. ABOVE GROUNO 0 T. GARDEN SPACE o B, PRIVATE IN-GROUND lJ U. FRUIT TREES o C. COMMUNrTY 0 V. PAOFE8SIONAlL V LANDSCAPED j GR GARAOE TYPE 0 W. OUTDOOR BARBECUE o A. ATTACHED 0 X. SOlAA ENERGY , o B. BASEMENT 0 Y. FLOOD PlAIN T'l~. CARPORT V . DETACHED DE. NONE - -------- MET R 0 S CAN PRO PER T Y PRO F I L E -------- ............................................................................... . Parcel :4546 003 016 00 09 PLATTED Owner :CITY OF BREMERTON CoOwner: Site :*NO SITE ADDRESS* Mail :239 4TH ST BREMERTON WA 98337 Phone #: NbrhdCd:105Q Zoning :9 R-9 Use :11101 RES,SINGLE FAMILY RESIDENCE Plat :HANSON'S, OLE, NAVY YARD ADDN Legal :BLK 003 LOT 16 & 17 HANSON'S, OLE, :NAVY YARD ADDN Total :$64,100 Land :$22,000 Struct :$42,100 %Imprv :66 Levy Cd:1170 1998 Tx: Bldg No:1 Easemnt: Q-S-T-R:SE-21-24N-01E Vol:4 Page:56 -- CENSUS Tract Block ............................................................................... . PROPERTY CHARACTERISTICS ............................................................................... . Bedrooms :2 Bath Total:1.00 Bath Full :1 Bath Half Fireplace Laundry Heat Type :FORCED Floor Covr:CRPT\VINYL Roof MatI :COMPOSITIO Insulation: Bldg MatI :SIDING Bldg Grade:LOW Bldg Style:RAMBLER Bldg Cond :AVG Bldg Value:$42,100 1st Floor SqFt:962 2nd Floor SqFt: 3rd Floor SqFt: 4th Floor SqFt: Attic SqFt AboveGrnd SqFt:962 Bsmnt FinSF Bsmt Unfin SF : Bsmnt Total SF: Building SqFt :962 Patio SqFt : 228 Deck SqFt :208 Garage SqFt :384 Garage Type : DETACHED Bsmnt Type Lot Acres :.30 Lot SqFt :13,068 Year Built :1942 Eff YearBlt:1957 Paving Matl:BLACKTOP Ground Covr:CLEARED Topography : View Q1ty WtrFrntQlty: UTILITIES Sewer Type :SEWER Pwr Source :YES Wtr Source :YES ............................................................................... . TRANSFER INFORMATION ............................................................................... . Sale Date :07/08/96 Document #:7 MULTI-PARCEL . Sale price:$95,OOO . Deed Type :WARRANTY E Tax#:4855 Loan Type Lender: Previous Sale:06/02/96 Previous $:$95,000 Seller:BREMERTON CITY OF ............................................................................... . The Information Provided Is Deemed Reliable, But Is Not Guaranteed. . '11.Rfa!:';~~"'~~fs'_ti. E.:i ,II. .. .,., 'f . . ... ~!iitfr 41i'~~ ~." . . .. ., g\. !!" IW' P:o.""~;~.:.,,:__ . "E\Silll.~Wlf.iijllfi& .... '""; :~O~.'~;~i.~i,;;:;~n:"rii~ . SIl""".......;_.~ ~51 . .J!iSI:IlO~ $;:'" t ~CA DATE: U1t4f96: At,lCilUflIT . .. ...... . $.1~ii PA'tJ'i!Tf:ti8.~.~ IUD ~ 'I'iUMf':iHWr 'W'........ StflV T1Ifl eIIi'rB ~ "'.' "'_'L''',::,, - trffl i:IF'j,<.lf~~ .~23!t.ftti.1J:f7 f: !\s .... .~P,i'1~JM\"',,::, 1tfli~ '~'. . . '~i:.J.:i@, .., J;H5Wl' ''7"'1 li-.:~.s*i'?ll'! LAND TITLE COMPANY OF KITSAP COUNTY 12/04/98 Proceeds of Sale ~i n. 9/ li J!I c 0 .. ~ " 'li ~ .i! .~ ~ j " 's '* III . I 5:!.'1J(j.o:':: 021859 1224 COTTMAN AVENUE Total $"S9./~8,6~ BREftERTOH. WA 98312 S-11255-CA 126292 I 4546-003-016-0009 4546-003-018-0007 . . A.SETTLEMENT STATEMENT OF LOAN 2.0 FmMA 3.0 CONV.UNINS. 5.0 CONV.INS. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OMB No. 2502.0265 B. T'!lPE 1. 0 FHA 4.0 VA 6. Fi le NlIIIber: 7. loan Nunber: 8. Mortgage Insurance Case Number: S-11255-CA 1580414 C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the sett~ement agent are shown. Items marke9 lI(p.O.C)1I were paid outside the closing' they are shown here for lnformetlonal purposes and are not lnclUded 1" the totals. ' D.NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELlER/TAX I.D.: F. NAME AND ADDRESS OF lENDER: BRUCE W. SMITH CITY OF BREMERTON U.S. Bank 6547 24TH AVE. NW, #2 239 Fourth Street 6000 Atrium Way Mt. Laurel, N.J. 08054 SEATTLE, WA 98117 Bremerton, Wa 98337 ...- G.PROPERTY lOCATION: H.SETTlEMENT AGENT: ,.~ ~ Ii.SETTlEMENT DATE: 1224 COTTMAN AVENUE LAND TITLE ESCROW BREMERTON, WA 98312 PLACE DF SETTLEMENT: .. 9657 LEVIN ROAD N.W., SUITE 110 12/04/98 SILVERDALE, WA 98383 J. St.MiIARY OF BORRrnER'S 'IRANSACI'ION K, St.Mo1ARY OF SELLER'S TRANSACTION 100. GROSS AMJUNI' DUE FROVI BORRrnER: 400. GROSS AMJUNI' DUE 'ID SELLER: lDl. Contract Sales Price 401. Contract Sales Price 74,497.00 1D2. Personal Drocertv 402. Personal nro~rtv 103. Settlement charaes to borrower (line 14DD) 403. 104. 404. 105. 405. Adiustments for items DBid bv seller in advance Adiustments for items Dsid bv seller in advance 106. City/town taxes to 406. City/town taxes to 1 D7. COlS\tv taxes to 407. County taxes to 108. Assessments to 40B. Assessments to lD9. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 120. GROSS AM::lUNI' DUE 420. GROSS AlVOUNI' DUE FROVI BORRrnER 'ID SELLER 74,497.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SEllER: 201. DeDOs it or earnest money 501. Excess decosit (see instructions) 202. princin.cll amount of new loan(s') 502. Settlement charnes to seller Cline 14DO) 14,758.38 203. Existina loan(s) taken subject to 503. Exist;na loan(s) taken subiect to 204. 504. Pavoff of first mort"a"e loan 205. SDS. Payoff of second mort"aae loan 206. 506. 2D7. 507. 2DB. SOB. 209. 509. Adjustments for items Imnaid hv seller Adjustments for items unrlaid bv seller 210. Citv/town taxes to 510. Citv/town taxes to 211. CO\Iltv taxes to 511. COll'1tv taxes to 212. Assessments to 512. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 21B. 518. 219. 519. 220. TCJI7.\L PAID BY/FOR 520. TCJI7.\L REDUCI'ION AlVOUNI' BORRrnER DUE SELLER 14,758.38 300. CASH AT SEIT.LEMENI' FROVI/'ID BORRrnER 600. CASH AT SEITLEMENI' 'ID/FROVI SELLER 301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (Line 420) 74,497.00 302. less amounts naid by/for borrower (l ine 220) 602. Lessreductionsinamoll"ltdueseller( l ine520 14,758.38 303. CASHT 0 FROVI) ( n 'ID)BORRrnER 603. CASH ( !!I'ID) ( 0 FROVI) SELLER 59,738.62 I have carefuLh revlewed the HUD.' Settlement Statement and to tne best of knowledge and bellef 1t 1S B true and accurate statement of alt receipts and disbursements made on my account or by me in t~s transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. CITY OF BREMER TON Borrowers Sellers The HUD-1 Settlement Statement which I have pre~red is a true and accurate account of this transaction. [ have caused or will cause the funds~be disbursed in accord/nee w,th this statement. ,;;Afl...i VI a .~m d1'J-- J.:J. - l/-q-g SettLement Agent Date Warning: It is a crime to knowingly make false statements to the United States on this or any similar form. HUO-' (8-87) PenaltIes upon convict;on can include a fine and impriQonmsnt. For details see: Title 18 U.S. Code Section . .RES~A, HB 4305.2 1001 and Section 1010. Previous echtlon 15 obsolete. L. SETTLEMENT CHARGES 700. TOT~L SALES/BROKER'S COMMISSION based on grice $ 74 497 00 QI Oivis\on of commission (line 700) as follows: 701.$ 2607.40 toWTNDERMERE 7D2. $ 3 006 '19 to JOHN T. SCOTT 703. commission oaid at Settlement 704. 800. ITEMS PAYABLE IN %= PAID FROM 80RROWER'S FUNDS AT SETTLEMENT S 613 79 801. loan Oriaination Fee 80Z. loan D i s.count 803. ADDraisal Fee to MR,~r 804. credit Reoort to Pi rRt Amp-r; ~an/Creric() 805. Lenders InsDection Fee 806. MortQaae Insurance Acclic8tion Fee to 807. AsslIJI)tion Fee 808. InR:L)p.:~tian Fp-e 800. Flood Cp-rtif~catinn Bl0. Holdbi'ick/Roofwork 811. B12. B13. 814. B15. B16. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901.lnterestlrom 12/04/9B to ]2/31 19B @$ 902. MortgBRe Insurance Premiun for months to VA Funning 903. Hazard Insurance Premiun for years to To Frill nw 904. Flood Insurance Premium for years to 905. 1000. RESERVES DEPOSITED WITH LENDER 1001. Hazard Insurance 3 months jj)$ lD02. Mortgaae Insurance months liIS 1003. City DrODertv taxes months ii)$ 1004. County Drocertv taxes 4 months &l$ 1005. Arnual assessments months liIS 1006. Flood insurance months @S 1007. months il$ 10D8. months il$ 1100. TITLE CHARGES 1101. Settlement or closinQ fee 1102. Abstract or title search 1103. Title examination 1104. Title insurance binder 1105~ Document Dreoaration '106. Notarv fees 1107. Attorneyls fees (includes above items numbers: 1108. Title insurance to Land Ti tIe ~ornpany (includes above items nunbers: 1109. lender's coveraQe $ 7S q47 1110. OWner's coveraQe $ 74 4g7 1111. sales Tax Escrow Fee 1112. Sales Tax Owner's Policy fee 1113. Sales Tax lender's Policy Fee 1114. '115. 200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1 01. ecordi fees: Deed $ :Mort a e $ :Releases $ 1 02. it C;Oll'lt tax sta s: Oeed $ :Mort e $ 1 03. tate t st Deed $ :1'40 t a e $ 1204. Excise Tax 1 05. 1300. ADDITIONAL SETTLEMENT CHARGES CONNECTION WITH % 11 LOAN ?<n nn SO 00 Rank 4 6~U~ lJ S FDSI US Rank ]R Fl70er month 06 00 Der month Der month 100 OODer month 400 00 oer month Der month tler month cer month to Lann Ti tIe Company to Tax ~ SOD.OO to to to to to 00 ~ 00 ~ TAnd Land Land 27S 00 Tax 329 00 'Tax Title Comnri.ny Ti t:l e romn;:;\ny Title rompri.ny 30 00 1301. SurveY' to 1302. Pest insoection to 1303. 1 qq,q RE Property Taxe~ 1304. Utility Bi 11i119 1305. Ut 11 ity Billing 1306. Work Orner 1307. 1308. 13D9. 1310. 131'. 1400. TOTAL SETTLEMENT CHARGES(enter on lines lD3.seet J and 502.Seet K) Ki t 1=:ap Cmmtv 'T'rpt=l ~urF!r City of BremertOTI Rrem-Air 100 00 71 17 1<; 43 1 610 69 Br()ussard 14.758 ~FI - PUGET SOUND APPRAISAL COMPANY 3627 WHEATON WAY, SUITE 100 BREMERTON, WA 98310 (360) 479-2727 August 26, 1997 CITY OF BREMERTON/PUBLlC WORKS 3027 OL YMPUS DRIVE BREMERTON, WA 9831 0 RE: Property. 1224 COTTMAN AVENUE BREMERTON, WASHINGTON 98312 NOT APPLICABLE 97269 1224 COTTMAN Borrower - File' No. - Case No. - Dear Sir or Madam: In accordance with your request, I have prepared a Limited Scope Summary Report of the real property located at: 1224 COTTMAN AVENUE, BREMERTON, WASHINGTON The purpose of this Limited Scope Summary Report Is to estimate the market value of the property described In the body of this report. Enclosed, please find the Limited Scope Summary Report which describes certain data gathered during the Investigation of the property. The methods of approach and reasoning in the valuation of the various physical and economic factors of the subject property are contained In this report. An inspection of the property and a study of pertinent factors, including valuation trends and an analysis of neighborhood data, leads me to the conclusion that the market value, as of AUGUST 19, 1997, Is: $80,000 The opinion of value expressed In this report is contingent upon the Limiting Conditions attached to this report. It has been a pleasure to assist you; If I may be of further service to you in the future, please let me know. Respectfully submitted, PUGET SOUND APPRAISAL COMPANY ~~~oocL~ SCHELL S. LUZIK, STATE CERT. RESIDENTIAL PUGH SOUND API'RAISo\l COMPANY 1310)479-2727 ~ "LIMITED APPRAISAL ANALYSIS. SUMMARY APPRAISAL REPORT" rWti~t{tglll~Ir&~br" :~r Cen.u. T13ct 810 ~ReI.,ei1te SE 21- 24-1E Cheek One: 1iJSFUPuO U Condo U 2-4 Unll. SI.le WASHINGTON Zip Code 98312 Term N 1 A Month. Owner'. Estim.te 01 Value $ N 1 A G.ross u'itno h'ta GaI'aoeJCMpml Pmtlles, Patio Of Central A.lr (Speclly Type & Number) Pool (Speclly) 96~~/I~q,lC~~",~~~<?~ ?~C~~~:~T,.~ Q~~~d~~~O ,. ...::.::..:;::::.:::;:.:k;:::::.:~:::::;:=:;:;::;;;;::~::;::::::::~~:::.:~::::n;::::M:::::::~::::::::;!;::'::;;~:::::::'~:::::::::::~::,:::;:::;,;~:':'~::::::::::::::::::::::::::~;B::::~~:::':::::'::~::<:;;:~:::;;::::}:' nower NOT APPLICABLE 'perly Address _t2 2 4 COTTMAN AVENUE Y ~REMERTON Counly KIT SAP one No. Res. NIA LoanAmounlRe uesled$ N/A No. of Rooms No. ol8edrooms No. 01 Balhs fnly I\oom ot' Olln 5 2 1 XNO :~:l~~~~~~,~?tWlnjj%WijJ:j1mMMlnl!mIWW}ifRHinriWfll.' '.., .' lcalion iJ Urb.n J Suburban 8 Rural lilt Up 95% iJ o.er 75% ~ 25% 10 75% Under 25% 'owIh Rate 0 Fully Oev, ] Rapid ! Steady Slow opelly Value. ] Increasing X Stable 0 Declining ,m.ndlSuppiy ] Shortage illn Balance B Oversupply arketing Time iJ Under 3 MonIhs ] 4-6 Monlhs Over 6 Monlh. 'e..ntl.nd Use .2.Q... % 1 Family 1....- % 2.4 Family 1....- % Apls L- % Condo L- % Commercial _ % Industrial 2-- % Vacant - % - hange In Pre.enIL.nd U.. 0 Nollikely 0 likely [iJ T.klng PI.ce From SINGLE FAMILY To COMMERCIAL redominanlOccupancy 60% [iJ OW!\er 40% 0 Tenent !l.::2..- % Vacanl IngieFamilyPrleeRange $ 30.000 To$ 160.000 Predomln.nlVelue$ 70.000 ingleF.milyAge 0 Y"ISTo ~ Years P"domin.nIAge 50-55 YIS. ota: Racl or ....1., CGm"IIII..la .llolllldl"cl to II, . rellllll'''lllIIlolI factor. 'ommenls Including Ihosel,clors, lavorable or unlayor.ble, .!fecting marketability (e.g, public parks, schools, View, noise) URBAN AREA OF ESTABLISHED OLDER -1l0MESLsY~~IVIS~NS WITH TYPICAL MIXTURE OF IMPROVEM~TS. COMMERCIAL USES NORTH OF RESIDENTIAL ARE_~~ AVERAGE ACCESS TO CITY SERVICES. LOCATED APPROX. 2 MILES WEST OF DOWNTOWN BREHERTON. WEST OF HIGHWAY 3. GOOD ACCESS TO MAJOR EMPLOYMENT CENTERS. SERVICES. FREEWAY. ETC. SUBJECT PROPERTY \oP'OKim.\e y", Buill 19 42 110, Units 1 No. Storie> 1 ' PROPERTY RATING "ype (delached, duplex, siml-del, elc,) DETACHED Condition 01 Exlerlor lesign (rambler, spllll...el, etc.) 1 STORY Comp.llbilily 10 Neighborhood :,ierior Walls Malerial WOOD SHAKE Rool Material COMP. SHINGLE Appeal and Marketabilily s Ihe properly located In a HUD-idenlllied Special Flood-Hazard Area? [iJ No 0 Yes 530092 0315 B 5/15/80 ,peel, I Energy E!ficientllems STORM & INSULATED WINDOWS. NO OTHER SPECIAL ITEMS. Prooerty Cempatlbillty General Appearance 01 Properties Appeal Gj ~ ~ j ~ ~ Good [iJ B Fair ] ] .J Avg. [iJ [iJ [iJ Poor o B Poor o o o :::::::~.:;:;~.::::,.)@~~MmrWrnW%n::H:tHtli%t::H::trt: SUBJECT' 1224 COTTMAN AVE Proximity to Subject ::tb~tnHn~Mn:WmJi1g Sales Plica N I A \W~~%WM{W@:~~t 97 000 VALUE AOJUSTMENTS DESCRIPTION OESCRiPTlON.. I Ad "Imenl DESCRIPTION DateolSaiemme 08/19/97 6130197 I 2/26/97 Location AVERAGE AVERAGE i AVERAGE SileNiew . 45ACIV.LTD .26AC/NO VW I +3.000 .21AC/NO VW Age AA55/EA15 AA43/EA18 i +1.500 AA55/EA15 Condition HI AVERAGE HI AVERAGE i SAME/NEW RF Above Grade Total llBdrms. \ Balhs Tolal IBdrms. \ Balhs 1 ~Bd--;;~lhS Room Count 5 : 2 i 1 6 i 3 i 2 : - 2,500 5 : 3 i 1 Gross living Area 962 1.414: -5.900 960 He.ting/Cooling F .A.OIL F .A.GAS i F .A.OIL Garage/C.rport l.lCAR GARAGE 1 CAR PORT I +1.000 1CAR GARAGE Porch.., P.lio, LG.DECK6oPAT INFERIOR : +500 COMPARABLE Pools, etc. NO FIREPL. 1 FIREPL. I -1. 000 1 FIREPL. , Speci.1 Energy FENCING & FENCING I +1.000 FENCING & E!flclenlllem. PAVING ONLY : OUTBUILDING Other (e.g. kitchen OW HF OW HF GO I NO BUILTIN equip., remodeling) CONY FIN, I C NV. FIN, :;~~;~:::~~e '1!!~I!:!;ljllll::iltljlllllll;itiilll;r.iliiL 9: ::: '11 1 :::lllfilil'lillilillII11 :: ::: GenOl.1 Commenls APPRAISED IN "AS IS" CONDITION. FINAL VALUE INDICATION IS BASED ON A CORRELATION OF ALL THREj;; COMPARABLE SALES. AN ATTEMPT WAS MADE TO "BRACKET" THE SUBJECT WHEREVER POSSIBLE, SEE ADDITIONAL COMMENTS... Address COMPARABLE NO. 3 1321 COTTMAN AVENUE BREMERTON 1 2 BLOCK SOUTH '~)@fIMfW:WNMillfH $ 61 + - SAduslmenl DESCRIPTION l.J 124/97 I AVERAGE i .26AC/NQ VW I AA56/EA20 : INFERIOR i \ \ 1 T 0~1 I Bdrms. I Balhs , 4 I 2 I 1 I I I I 644 B.B.ELECT. 2CAR GARAGE INFERIOR NO FlREPL. NONE +3.000 -1.000 -500 -1.000 +1.000 +3.000 +2.500 +1 . 000 +4 .100 +500 -2.00Q +800 +1.800 +400 +400 ESTIMArm VALUE $ 80.000 "oIAUGUST 19 1997 Completed By SCRE: S. LUZIK SlgnaIure ~_... ~. Title STATE CERT. RESIDENTIAL ~ Dale AUGUST 19 PUGH SOUND APPRAISAl COMPANY (360)"79-2127 ,1997 -- - lbrrower __ NOT APPLICABLE ~A~c~~ 1224 COTTMAN AVENUE :Ity BREMERTON County KITSAP Slale WASHINGTON Zip Code 98312 lende, CITY OF BREMERTON/PUBLIC WORKS LEGAL LOTS 16. 17. 18. AND THE NORTH 10' OF LOT 19. ALL IN BLOCK 3. OLE HANSON'S NAVY YARD ADDITION. AS RECORDED IN VOLUME 4, PAGE 56 OF PLATS, KITSAP COUNTY. PROPERTY DESCRIPTION THE SITE CONTAINS APPROX. 19,465 SQ.FT. AND HAS FRONTAGE ON BOTH COTTMAN AVENUE AND JONES STREET. SINGLE FAMILY ZONING IN THIS AREA, SF-3, MINIMUM LOT SIZE 4.800 SQ.FT, THE SITE APPEARS TO BE LEGAL AND CONFORMING, UNDER CURRENT ORDINANCES, AND IS LOCATED WITHIN THE BREMERTON CITY LIMITS. THE BUILDING IMPROVEMENTS ARE ABOVE GRADE OF JONES STREET. FULLY CHAIN LINK FENCED, WITH EXTENSIVE CONCRETE DRIVE AND PARKING AREAS. ACCESS IS OFF JONES STREET. NEIGHBORHOOD THIS GENERAL AREA IS CURRENTLY UNDERGOING TRANSITION AS COMMERCIAL USES NORTH OF LOXIE EAGANS AVENUE/WERNER ROAD EXPAND SOUTHWARD INTO THE OLDEST NEIGHBORHOODS IN CLOSE PROXIMITY TO HIGHWAY 3. WIDE VARIETY OF QUALITY OF CONSTRUCTION AND MAINTENANCE LEVELS. NEW CONSTRUCTION ON VIEW SITES ALONG HUMPHREY AND LANSING STREETS, JUST WEST OF THE SUBJECT NEIGHBORHOOD. SINGLE FAMILY. CONDOMINIUM & APARTMENT COMPLEXES INTERSPERSED WITH COMMERCIAL AND LIGHT INDUSTRIAL USES IN THIS AREA. COMMENTS ON SUBJECT PROPERTY ABOVE AVERAGE CONDITION AND APPEAL FOR A HOME OF THIS TYPE AND AGE. LARGE COVERED ENTRY DECK, VERY FILTERED MARINE VIEW, CONCRETE WALKS AND PATIO AT REAR. UPDATED BATH WITH OAK VANITY. DINING AREA OFF KITCHEN, NEWER CARPETING IN AVERAGE TO GOOD CONDITION. WOOD PANELED LIVING ROOM AND BEDROOMS. WOOD SASH WINDOWS WITH STORM WINDOWS, SOME INSULATED WINDOWS. DETACHED 16'X24' ONE CAR GARAGE AND SHOP, FULLY INSULATED, IN AVERAGE CONDITION. ROOF ON DWELLING WILL NEED REPLACEMENT IN THE NEAR FUTURE, HOWEVER NO EVIDENCE OF LEAKING AT THIS TIME. EARTH TO WOOD CONTACT NOTED AT REAR OF BUILDING, POSSIBLE PEST INFESTATION OR DRY ROT, MARKET DATA ANALYSIS NO EVIDENCE OF INFLUENCE ON COMPo SALES BY FINANCING TERMS OR CONCESSION, AND ALL ARE CONSIDERED CASH EQUIVALENT SALES. ALL ARE CLOSED SALES. AND APPROPRIATE ADJUSTMENTS MADE FOR VARIATIONS BASED ON ANALYSIS AND MARKET IMPACTS. ALL ARE IN THE GENERAL NEIGHBORHOOD. SALES WERE FINANCED CONTENTIONAL OR V.A.. COMMON FOR THE BREMERTON AREA. SALES CITED APPEAR TO BE THE BEST AVAILABLE FOR COMPARISON PURPOSES. PUGH SOUND APPRAISAl. COMP,\NY (MOl 419-2121 ~ 'Mk "?;;1~1'lilll\!I'III~111111:-'::,","C-.=",,_",~ -.. lorrowor NOT APPLICABLE 'roportyAddress 1224 COTTMAN AVENUE ;Ity BREMERTON County KIT SAP LendorlCllont CITY OF BREMERTON/PUBLIC WORKS ~t'ii'~t.\'ntf\ji.r:lW~tIMiliM~MMg%r.~]m:ml1JHm:nWIMfWMJlr:...lSLf1 ~::j:~ in:::.,::::; :n::1:L::;:;::::::::::t::::::;:;::;;:m:cy {jdt@%J :t::n:m:H[: '~~~ ,'~~~" ~ {~ , ~ ~i ~ ,'( ~~~~~ ;-:.; ~ ::::::::::::~:::, THE PURPOSE OF THIS APPRAISAL IS TO DETERMINE THE MARKET VALUE OF THE SUBJECT PROPERTY AS DEFINED IN THE ATTACHED CERTIFICATION AND STATEMENT OF LIMITING CONDITIONS, SOLELY AND EXCLUSIVELY FOR USE BY THE LENDER/CLIENT FOR THE PURPOSES STATED IN THE APPRAISAL REQUEST. ~~!!~ite!ili!ijib~~~~..!m,IM1iM:m:g:aNM:ni;ii:UiF}i:1 :iiI):''!')",'':),I:..:.::.:.... ',',%I'I <""@Uiun :Ilt . '.:.1 ,', ;?';"'!'I:P"""'H'1!tlMIII":I, THE FOLLOWING STEPS WERE FOLLOWED IN ARRIVING AT A FINAL ESTIMATE OF VALUE INCLUDED IN THIS REPORT. 1) PROPERLY IDENTIFY THE REAL ESTATE AND INTEREST BEING APPRAISED; 2) VISIT THE SUBJECT PROPERTY AND RESEARCH ALL AVAILABLE AND RELIABLE DATA FOR SIMILAR RECENT SALES THAT WOULD COMPETE WITH THE SUBJECT PROPERTY IN THE MARKET PLACE. THIS DATA WAS THEN ANALYZED TO DETERMINE MARKET TRENDS. INFLUENCES AND OTHER SIGNIFICANT FACTORS PERTINENT TO THE SUBJECT PROPERTY; 3) A DETAILED ANALYSIS OF THE MOST COMPARABLE PROPERTIES WAS THEN COMPLETED AND DESCRIBED IN DETAIL (IN THE FORM OF A URAR FORM REPORT) TO ARRIVE AT A CONCLUSION OF MARKET VALUE FOR THE SUBJECT PROPERTY AS LEGALLY DESCRIBED IN THE REPORT. :~il~!!tt!!l:Il\Mi!l~'i.Yllli~l!!fijit;t!!il"ijfl~i1tlll!!!.";:IIII";'1@::;i'm:II:LD,:nCliiHl:nmnTli:unF.;.;.;"!".IN.iwr:runM;'I:mll\'@,:;ulWim'), Is thosublecl property currenlly IIst.d? X Yes No list Prl": S 95 , 000 Has the property sold durIng the prior year? Ves X No If yes, descrIbe Mlaw State WAS Zip Codl 98312 m.tfi'lh~':"';~. ;'.'.HR~~> .~:~~t~:~~~t~fr\~#{.~Pf$4UbtJWM~~:~r#~MW}::%~:%~ql~~%~Ftii~U~WHMWW~~t\Hl~l*~U~~~.\@~f;:~MMttAH~~M~: ~~~%fjt ~~*~ t.,( :A~* '~MM.@$ ~ What Is your estimate 01 marketing Ume for the subject property? 90 -120 DAYS Descrlbe below the basis (rationale) for your estlmllte? BASED ON TREND ANALYSIS, LOCAL MULTIPLE LISTING SERVICE STATISTICAL DATA AND NEIGHBORHOOD INFORMATION, IT IS THE APPRAISER'S OPINION THAT THIS PROPERTY WOULD HAVE SELL FOR THE APPRAISED VALUE IN A TIME PERIOD OF NINETY TO ONE HUNDRED TWENTY DAYS WITH APPROPRIATE MARKETING TECHNIQUES. TRENDS IN THE AREA AS REVEALED BY MULTIPLE LISTING STATISTICS, COUNTY ASSESSORS DATA AND IN HOUSE DATA FILES SHOWED APPRECIATING MARKET VALUES, GENERALLY STABLE VACANCY RATES. NO INCREASING USE OF SALES OR RENT CONCESSIONS. AND GENERALLY STABLE LISTING ACTIVITY AND SUPPLY FOR THE TIME FRAME REFLECTING THE EFFECTIVE DATE OF THIS REPORT. hl~A~~!,,-Mk,~,itijjij,M~'t.i:ilnI*H@M~%MHHdIntFnibm1%H:WJnmq%t#tntanir:::MF%~{j}j:i Does the transaction Involve the tfansfef ot ptnsonal property, 1lxtUfes, or Intangibles that are not real property? 11 yes, provide description and valuation below. NO PERSONAL PROPERTY, FIXTURES OR INTANGIBLE ITEMS ARE INCLUDED VALUE. )':'~~H::%nMHn:iW;:tmt!I!M!!I@iNiM)@i:l;: Yes No IN THE ESTIMATE OF MARKET :.!}". '.:d.j.hl:$if::: " .)mf.';.':'..:.....l"\ ;l~ .'WlJlm~;t1#i~~;,HWd~~40.Mtt:::~~~\MMf\n}.~~:tthM\%}#\WW:WWWNiiH~t$r:M*\f:;::;\&~t\~r~AMM)t:~\~$t+:ttnJ~!ill1~>:1M~~;.Y:::~ :::{J'.,:' '&.:.~.f1%~Wdg~~! j THE SUBJECT PROPERTY is CURRENTLY RENTED ON AN INTERIM BASIS ;'iiOWEVER TO -fREEsT OF MY . ......... KNOWLEDGE NO CONTINUED INCOME PRODUCING PURPOSES WERE ANTICIPATED. THE APPRAISER MADE A REASONABLE EFFORT TO EMPLOY THE THREE RECOGNIZED APPROACHES TO VALUE. SINGLE FAMILY RESIDENCES ARE LESS FREQUENTLY PURCHASED FOR INCOME PRODUCING PURPOSES, MAKING THIS APPROACH LESS INDICATIVE OF MARKET VALUE. AS THIS IS A MOSTLY OWNER OCCUPIED MARKET WITH LITTLE RENTAL' DATA, THE INCOME APPROACH WAS NOT USED. W,"~]..,~:/ ,~t:J..: " n.' ..~W ~>. ..f~;.~.~~Mtl~~:; r~i:.:~j~%~..~~@~~:~(MPt~ili~+M4#M:UMf#?i~@#hFUWf~N~~qNU@~:t)l1M::::~H;~~~:FiRH!~~J#. ~t.1t4; ..{%:< ~t: '*:1f.~~. 1J~i.HU: 1. The acceptance of thIs appralsal.,algnment by the appraiser was not based on a requesled minimum valuation, a specified valuation, or an approval of the loan. 2. The appraIser certifies that the compensation 10r this appraisal Is not continGent upon the reportlng 01 a Iln~d8t8fmlMti va\u6 or dlrtctlon In value that favors the cause of the client, lhe amount of the value estimate. the attainment of a stIpUlated result 01 the occurrence of a Subsequent event. 3. This appraIsal has been prelWed to conlofrn wIth the Uniform StandaHls 01 ProfessIonal AppraIsal practice ('USPAP') adopted by the Appraisal Standards Board of the Appra,lsalloundatlon, except the Oeparture Provision, onless otherwise stated below. 4. The appraiser has disclosed wllhln this appraisal report, or below, all steps taken that were necessary or appropriate to comply with the Competency provision of the USPAP. THE APPRAISER ASSUMES A PARTY IN POSSESSION OF THIS REPORT IS AWARE THAT THIS APPRAISAL IS AN ESTIMATE OF MARKET VALUE ONLY, NO "HOME INSPECTION" WAS DONE, THIS DOES NOT SERVE AS A WARRANTY OR REPORT OF THE CONDITION OF THE SUBJECT PROPERTY. AND IS NOT A "HOME INSPECTION" REPORT. IT IS THE RESPONSIBILITY OF ANY PARTY IN INTEREST TO EXAMINE THE PROPERTY CAREFULLY AND TO TAKE ALL NECESSARY PRECAUTIONS PRIOR TO ENTERING INTO ANY LEGALLY BINDING AGREEMENTS. IT IS ALWAYS RECOMIIENDED THAT A PROSPECTIVE PURCHASER OBTAIN A "HOME INSPECTION REPORT" FROM A PUBLIC ENGINEER PRIOR TO ENTERING INTO ANY AGREEMENT TO PURCHASE, AND CONSULT WITH LEGAL COUNSEL PRIOR TO ENTERING INTO ANY BINDING AGREEMENT. OPINIONS CONCERNING NEEDED. OR ESTIMATES FOR, REPAIRS ARE A NON-WARRANTED OPINION OF THE APPRAISER ANmIA~OVIDED FOR THE CONVENIENCE ONLY OF THE CLIENT OF THE APPRAISER. WHO IS THE PERSON WHO ORDERED THIS REPORT. s;Sd1l k1. 0; exj. ~~ S. LUZIK Dalt: 8/19/97 Apprals8T{S): D.II: R.vl.w Appralstr(s): Form 953 Copyright (.j 1991. 1992 So11wa..lor R.al Estatt Pro1mlontls Revision, 1/92 ,,- - File No. ...:ll~,~.~lfi!:ll:j~jiJii!IIII,lill,lllilll!111~1'lill'~I~'i@i;:IIII!I!!I~I(~I!lil~!:'..' ...... NOT APPLICABLE Pro or Address 1224 COTTMAN AVENUE Ci BREMERTON County KITSAP State WASHINGTON Zip Code 98312 Lender CITY OF BREMERTON /PUBLIC WORKS ~ FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY STREET SCENE P\JGET SOUND APPlWSAL COMPANY (360) 419-2727 , ';'~",,.;,<,\;~,, ':~', ""':r""=.t't~' ~,:;", ,. '~, ,: ',~, .. . "." - SKETCH/AREA TABLE ADDENDUM AI. No. 97289 County KITSAP Zip Cod. 98312 11l8~.11 11..lil.............1 ~,~ . ^-.~ ~ 30' SEDRM W.1. CLOS. BATH ..J ..J 39 ~ ~~ ~. J: g" <) A.,V ~ ~ '"" DINING ..j~ AREA V 22' AREA CALCULATIONS SUMMARY Ar.. Name of Ar.. GlAl PIP MAIN FLOOR COVERED DECK STAIRS PATIO COVERED PORCH GARAGE GAR TOTAL LIVABLE (rounded) PUGET SOUND APPRAISAL CO. Slz. 962.00 184.80 51.80 121.50 22.50 384. DO 13' ~ (}<v ~V- ~ o 24' 16' 8' 26' 16' n ~ 4.5' SCALE: flnoh - 10.00f..1 LIVING AREA CALCULATIONS Total. Breakdown Sublotel. 1170.00 -208.00 962.00 30.0D -8.00 X 39.00 X 26.00 380.6D 384.00 962 962 APEX SOfTWARE 2to-eelHl888 APX-8100Apex 1I - - !:!I!;!~!!)::l!:!I:;!!i!!11;11!!IIII:III!II'llil:!II!lllllllll~I~II;lf,!~:!!!l;1 1!11'11,11.II,l;I!1;,I~I~III:':I!:!'I' File No. 97269 ~l:~:\:l~~At:H~~I~i:~:f.i:: ::~r:::::$:~:~~; 'Wili~:~ill*1J~!?lJ.~h~~:~If:i[~1riW@@t tC ::i . ~r .z' '......:'.'!.'.'..:...'. :;:::.::.::.::.::.'":.'.'.;:.::. .......... ......,.... ,., ",....... ,,,.;.;.;. ::.::....,.'.'.,.':.'.,...'.,.'.,. ;:\t~:~.;f:}\t::.:::::;::.. ...'.'..;.:'.:.:...:.:::.::::~:::';.... "." . .. ';":':"':::::::~:::':' :.:::.::::~::::::;: .......,... W%:nw :;:::;:::;:::::;:::;:; .;.;.;.;:;.;,;.;.,;.:. ~;'::::::;':'::;~::i NOT APPLICABLE ',operty Mil.... 1224 COTTMAN AVENUE BREMERTON County KITSAP CITY OF BREMERTON/PUBLIC WORKS lorrower Sial. WASHINGTON Zip Cad. 98312 :ity ..nder ~',:.-'f..: ""I~""'" - ;., .. ''''~'.'' 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This limited appraisal Is tor the use at the party to whom II is addressed and any further use or dissemination wilhout consent of the appraiser and addressee is prohibited. - Case No: COTTMAN File No: 97269 DEFINITION OF MARKET VALUE Markel value, as referenced In OCC Rule 12 CFR 34.42(f): The most probable price which a property should bring in a competitive and open market under all condition~ requisite to a fair sale, the buyer and seller, each aOllng prudently, knowledgeably and assuming the prloe is not affected by undue stimulus. Implicit In this definition Is the conlummatlon of a sale 8S of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are Iypioally motivated; (2) both parties are well Informed or well advised, and each aotlng In whal he oonsiders his own best Interest; (3) a reasonable time is anowed for exposure In the open market; (4) payment Is made In terms of cash In U.S. dollars or in terms o' financla' arrangements comparable thereto; Bnd (5) the price represents the normal consideration for the prop~ erty sold unaffected by special or creative financing or sales concessions'" granted by anyone associated with the sale. Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's iudgemenl. DESCRIPTION OF LIMITED VALUATION PROCESS In performing this preliminary value analysis, the valuation process consisted of: (1) Reviewing assessment/public records and com- parable database listing intormation for the subject; (2) Conducting an inspection tor the subject and Its environs; (3) Analyzing sales of regional residential real estate; (4) arriving at a value conclusion; (5) Writing this report. Departure. from specific appraisal guidelines Included: 5R 1.3 because the appraiser has presumed, for the purpose of the limited appraisal, that the existing use of the subject property is the highest and best use; SR 1-4 because only a sales comparison analysis of value was employed in this limited appraisal since it is the primary valuation method for residential dwelling similar to the subject. Any additional uses of the departure provision are specifically stated in the attached appraisal report or its' attachments, SALES HISTORY . Aocording to the data ulillzed In preparing the report, lhe property 0 bu. ~ transferred within the past 12 months. LEVEL OF RELIABILITY The use of the departure provision to allow a limited appraisal with a single approach to value reduces the level of reliability of this report. RECONCILIATION Complete weight w.s given to the Sales Comparison Approaoh as it Is the approach used by most buyers when purchasing a single family dwelling. The Income Approach was not applicable because of thelaok of rental information and meaningful relevancy to the value 01 a dwellin9 'ocaled in this primarily owner occupied neighborhood. On the other hand, the Departure Provision was utilized to eliminate the Cost Approach because the appraiser decided this omission in this limited appraisal assignment would not confuse or mislead the client or the intended users of lhis report. The market value is estimated on the FHLMC form 704 or similar form attached. ASSUMPTIONS AND LIMITING CONDITIONS No responsibility Is assumed for the legal description or for matters including leg.1 or lilie considerations. Title 10 the property Is as- sumed to be marketable. The property Is appraised free and clear of any and all liens or encumbrances, except es noted In the report. Information furnished by others during the course of the research has been veriflad to the extent possible end Is believed to be reli- able, but no warranty Is given for its accuracy. No responsibility is assumed for the effect on value of hidden or unapparent conditions of the subsoil or structures; or for arranging engineering studies to discover such conditions. No evidence of contamination or haz- ardous materials was observed. However, the appraiser is not qualified to detect potential hazardous waste material that may have an effect on the subject property. The client may wish to retain such an expert if he desires. Sketches and other illustrative material are included only to assist the reader in visualizing the real estate and its environs, are based on data developed and supplied by others, and are not meant to represent a survey or as~built plan. Any distribution of the total valuation among land, improvement, and/or other components applies only under the stated program of utilization and must nol be interpreted or used as Individual for other purposes. The appraiser Is not required to provide consultation, testimony, or attendance In court by reason of this assign- ment, unless such services have been arranged in contracting the assignment. Possession ot the report or a copy thereat does not carry with it the right of publication, and it may not be used for any purpose by anyone other than the addressee, without the written consent of the author and addressee. Even with such permission, out-of-context quoting from and/or partial reprinting of the report is prohibited. The report is an integrated entity and is only valid in its entirety. Neither all nor part of the contents of the report shall be disseminated to the public relations, news, sales, or other media without the prior written consent and approval of the author. LIMITED SCOPE APPRAISAL CERTIFICATION I certify to the best of my knowledge and belief lha1: the statements of fact conteined in this report are true and correct; the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limited conditions and are my personal, unbi- ased professional analyses, opinions and conclusions; I have no present or prospective interest in the real estate and have no per- son.1 interest or bias with respect to the parties involved; my oompensation Is not contingent upon the reporting of a predetermined value estimate, the attainment of the stipulated result, or the occurrence of a subsequent event: the analyses, opinions and conclu- sions were developed and the report prepared in conformance with and subject to the requirements of the Uniform Standards of the Professional Appraisal Practice of the Appraisal Foundation; the appraisal assignment was not ba5ed upon a requested minimum vaiuation, a specific valuation, or the approval of a loan; I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual{s) tn the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disolosed the specific tasks performed by each in the reconcilliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks, I have not authorized anyone to make a change to any item in the report; therefore, If an unauthorized change Is made to the appraisal report, I will not take the responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION If a supervisory appraiser signed the appraisal repoft, he or she certlties and agrees that: I directly supervised the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications above. and am taking full responsibility for the appraisal and the apprBisal report. PROPERTY: 1224 COTTMAN AVENUE 8REMERTON APPR SER: SUPERVISORY APPRAISER Si9nalUle: Name: Date Signed: Slate Certification; or Stale lIcenss #: Slate: Expiration Dale 01 Certification or L1cnese: DOid DOid Nol InspecI Plope,ly (only if required); Signature: Name: SCHELL S. LUIIK Dale Signed: AUGUST 19, 1997 Slale Certification #; LUIIKSS551 LC Of State license I: Slate: WA Expiration Dale of Certilication or L1censs; 6/319S E'foId 0 Old Nollnspect the Interior ot the Properly CopyriQhl (&)1994, Softfrlre for Rul Esta.!! ProIUli<mtls. Inc.. Nl f~ht\ f!seN611, IAN R. SIEVERS, City Attorney 239 4th Street. Bremerton, WA 98337. (360) 478.5345. FAX (360) 478-5161 DATE: August 5, 1996 TO: Kathleen McCluskey, Administrativ:.vces Director Nina Neimoyer, Office Assistan~ FROM: RE: 1224 Cottman Avenue Smith/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. * Eqnal Opportunity Employer * - PUBLIC WORKS AND UTILITLIES 3027 Olympus Drive . Bremerlon, WA 98310 . (360) 478-5318 . FAX (360) 478-5018 July 17, 1995 Lloyd R. & Clara smith 1224 Cottman Street Bremerton, WA 98312 Subj : Real Estate Property Purchases 1224 Cottlmn street Dear Mr. & Mrs. smith: Approximately 14 months ago, the City made you an offer for the property listed above. At that time you declined the City's offer. The city is still very much interested in purchasing your property and is now willing to pay $77,500.00. ~ Should you desire to accept this offer, please sign the attached purchase agreements and return them to me at the address which I've highlighted above. In addition to the signed purchase agreement, please provide a legible legal description of each piece of property. If you have any questions or comments, please call me at 478-2328. I look forward to hearing from you. Sincerely, &t:?~--- Paul R. Lucas Administrative Analyst Encl: CC: File ~ . Celebrating 50 \\!an of Freedom . ~ - AGREEMENTS FORMS DISK REPSA2.AGT REAL ESTATE PURCHASE AND SALE AGRE~~ENT Improved Property THIS CONTRACT CONTROLS THE TE&~S 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, connonly known as 1224 COTTMAN STREET, BREMERTON, WA 98312 , and legally described as follows: SEE ATTACHED EXHI BIT "A" - -. PURCHASE PRICE: The total purchase price is SEVENTY-SEVEN THOUSAND, FIVE HUNDRED Dollars (S 77,500.00 ) . - 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 INSURANCE: 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 commi tment or policy.) 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- REPSA2.AGT - Agreement Forms - 3/13/95 -- 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. CITY OF BREMERTON Date BY: LYNN HORTON, Mayor PURCHASER ector of Public Works & Utilities W. EUGENE SAMPLE , APPROVED AS TO FORM: IAN R. SIEVERS, 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 and accept the sale set carry out all the terms , we hereby approve forth in the above agreement and agree to thereof on the part of the Sellers. Sellers' Address: Seller's Phone: ,- REAL ESTATE PURCHASE AND SALE AGREEMENT -4- REPSA2.AGT - Agreement Forms - 3/13/95 - - DEPARTMENT OF PUBLIC WORKS AND UTILITIES. EDDY T. CHU, P.E., DIRECTOR - ".. GllfrrHy to ,h, Olympics IItId Ho",. of tit, Pu,d Sound HR'" Shipyard America's Most Liveable City May 11, 1994 Lloyd R. and Clara Smith 1224 Cottman street Bremerton, WA 09312 Subj: Real Estate Purchase Agreement - 1224 Cottman Street, Bremerton, Washington 98312 Dear Mr. and Mrs. Smith: ~, We have received your counter offer of $90,000.00 for the property at 1224 Cottman Street. We would like to make you a final offer of Seventy Thousand ($70,000.00). If this is acceptable to you, would you both please initial and date in the column next to the new figures on the purchase agreement. As soon as we receive the initialed and dated form, we will forward the entire agreement package to our city Attorney for closing. His office will be contacting you for additional information. In the meantime, please contact the undersigned if you have any questions. Sincerely, 6Z/c::?~ - f EDDY T. CHU, P.E. Director, Public Works & utilities /prl cc: File .-' OFFICE OF THE DIRECTOR. 3027 OlympuI Drive. Bremerton, WA 88310 . (208) 478.5316 . FAX (208) 478-5018 CUSTOMER SERVICE /UTllITY BilLING. 3027 OlympuI Drivo . Bromorion, WA 88310 . (201)478-&318 . FAX (208) 478.&018 ADMINISTRATIVE SERVICES DIVISIONIWATER.WASTEWATER DIVISION/WATER RESOURCES DIVISION . 3027 OlympuI Drive. Bromorion, WA 11310 . (201)478-&318 . FAX (208) 478.&018 FORESTRY DIVISION . 3027 Olympuo Drive. Bromorion, WA 88310 . (208) 478-&364 . FAX (201) 478,&844 ENGINEERING DIVISION. 288 4th SIr..t . BromOrion, WA 88310 . (208) 478-5270 . FAX (208)478-&388 PUBLIC WORKS OPERATIONS DIVISION,. 238 41h St...t . Bromorion, WA 88310 . (208) 478-&348 . FAX (208) 47B.&350 An F.,uI OppOrhl"IJy [mployrr -- ,-.. REAL ESTATE PURcnsE AGREEMEliT THIS AGREEMENT is by and bet-..een LLOYD R. AND CLARA St1ITH , (hereinafter referred to as "Seller") and the CITY OF BREMERTON, a Washington municipal corporation, (hereinafter refer::,ed to as "Purchaser"). 1. DESCRIPTION OF PARCELS: Purchaser agrees to purchase and Seller agrees to sell and convey, upon the terms and conditions contained herein, that real property located in Kitsap county, State of Washington, legally described as: 1224 COnr,lII.N STP.EET, BW1ERTON, ~JP. 98312 (See attached Exhibit "A") - 2. PAYMENT: T~~- market valuf of th~ j-hrJtl Sri vl ~ sum is agreed to be 3 . CONTDI'GENCY ~ Property") . 5 -.,34-cr~_ GS '.rchaser agree that the fair J... R.S' ~Ii\lE:NTY TIIQUO"IID [':::"9hf-r.s Ft'V-'<- ,ggQ.ao~CJOO.CJ~ and said or ~~e above property. ENCUMBRANCES: The status (hereinafter referred to e" ,,- of the Seller's title_ ...n a preliminary cOlDlllit:nent for an owner's standard _~'l'Qrage ;'..LTA for:n title insurance policy issued by Land Title Insurance Company, which commitment will be obtained by Seller at Seller's expense, and delivered to the Purchaser within fifteen (15) days of the Purchaser's signature on this Real Estate Purchase Agreement. Said preliminary commitment shall have attached thereto photocopies of all documents shown as encumbrances to the title of the Seller. Purchaser must, within fifteen (15) days of delivery of said preliminary commitment by the Seller, approve in writing the title and encumbrances or defects thereto or gi',e notice of unacceptable encumbrances. If the Purchaser does not give said written approval or if, within ten (10) days of the Seller's receipt of Purchaser's list of unacceptable encumbrances, Seller does not agree in writing to ~ remove those encumbrances objected to by the Purchaser at or prior to closing, this Real Estate Purchase Agreement shall, at the REAL ESTATE PURCHASE AGREEMENT -1- Purchaser's option, become null and void and all rights of the parties hereunder shall terminate. 4. CONVEYANCE BY STATUTORY WARRANTY DEED: At closing, fee title to the "Sale Property" shall be conveyed to the Purchaser by Statutory Warranty Deed subject only to those defects and encumbrances approved by the Purchaser pursuant to paragraph 3 above. 5. TITLE INSURANCE: At closing, the Seller agrees to provide to Purchaser, at its expense, an owner's standard ALTA form policy of title insurance issued by !",and Title Insurance Company, caid policy con~aining, in addition to the normal printed exceptions, only those defects and encumbrances approved by the Purchaser pursuant to paragraph 3 above. 6. POSSESSION: Purchaser shall be entitled to possession of the property it purchases upon the closing of this transaction. 7. ESCROW CLOSING AGENT: This transaction shall be closed by the Bremerton City Attorney, located at 239 Fourth Street, Bremerton, Washington. 8. CLOSING COSTS AND PRORATIONS: The Sellers agrees to pay for the costs of clearing the Seller's 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. 9. CLOSING DATE - TERMINATION DATE: This transaction shall be closed on or before 5:00 p.m. on the termination date of this Agreement, which date shall be 60 days after the date on which Purchaser signed this Agreement below. 10. ATTORNEY'S FEES: In the event that the Seller or the Purchaser shall institute a lawsuit to enforce any rights pursuant to this Agreement, the successful party shall be entitled to, in addition to those costs and disbursements provided by statute, a reasonable sum as attorney's fees and costs incurred in any appeal thereof. REAL ESTATE PURCHASE AGREEMENT -2- - - DEPARTMENT OF PUBLIC WORKS AND UTILITIES. EDDY T. CHU, P.E., DIRECTOR . C",nDGy to the Olympics IIIld Home of the Pugn Solmd Nau.l Shipyard America's Most Liveable City May 11, 1994 Lloyd R. and Clara Smith 1224 Cottman street Bremerton, WA 09312 Subj: Real Estate Purchase Agreement - 1224 Cottman Street, Bremerton, Washington 98312 Dear Mr. and Mrs. smith: .- We have received your counter offer of $90,000.00 for the property at 1224 Cottman Street. We would like to make you a final offer of Seventy Thousand ($70,000.00). If this is acceptable to you, would you both please initial and date in the column next to the new figures on the purchase agreement. As soon as we receive the initialed and dated form, we will forward the entire agreement package to our City Attorney for closing. His office will be contacting you for additional information. In the meantime, please contact the undersigned if you have any questions. Sincerely, 6Z/w~ - ,~ EDDY T. CHU, P.E. 7' Director, Public Works & utilities jprl cc: File OFFICE OF THE DIRECTOR. 3027 Olympus Drive. Bremerton, WA 98310 . (206) 478-5315 . FAX (208) 478.5018 CUSTOMER SERVICE fUTILITY BILLING. 3027 Olympus Drive. Br.merton, WA 98310 . (206) 478-5316 . FAX (208) 478.5018 ADMINISTRATIVE SERVICES DIVISION/WATER.WASTEWATER DIVISION/WATER RESOURCES DIVISION . 3027 Olympus Drive. 818m.rtan, WA 98310 . (206) 478.5318 . FAX (208) 478.5018 FORESTRY DIVISION. 3027 Olympus Drive. BllImerton, WA 98310 . (208) 478-5354 . FAX (206) 478.5844 ENGINEERING DIVISION. 288 4th Street. Bremerton, WA 98310 . (206) 478.5270 . FAX (206) 478.5398 PUBLIC WORKS OPERATIONS DIVISION. 23B 4th Str..' . Bremerton. WA 88310 . (206) 476.S346 . FAX (206) 476.5360 A?I UJIUII Oppo,hmily f.mp/o'yer Date April 5, 1994 -- Mr Chu Inter-Office Communication ~~" ~. / . ",_' . ~ ... .< .: City of Bremerton -l~' ~li ~lt~.. From Paul Lucas Subject 1224 Cottman St Property 1. We sent the Purchase Agreement to Mr & Mrs Smith offering $65,000 and they have indicated they will accept $90,000. The property is assessed at $64,900 with $47,960 of that the house, the rest property. Earl Varner clearly remembers this house, says it is extremely well maintained, freshly painted chain-link fence, well kept yard and is in a generally nicely kept and good-looking area. 2. Still, with all that, $90,000 is a bit high. We them down to $70-75,000 if you are willing to go Please reply on re and get VRW =----- \ --- ~ 1- REAL ESTATE PURCHASE AGREEMENT THIS AGREEMENT is by and between LLOYD R. AND CLARA SMITH , (hereinafter referred to as "Seller") and the CITY OF BREMERTON, a Washington municipal corporation, (hereinafter referred to as "Purchaser"). 1. DESCRIPTION OF PARCELS: Purchaser agrees to purchase and Seller agrees to sell and convey, upon the terms and conditions contained herein, that real property located in Ki tsap County, State of Washington, legally described as: 1224 COTTMAN STREET, BREMERTON, WA 98312 (See attached Exhibit "A") --- (hereinafter referred to as "Sale Property"). 2. PAYMENT: The Seller and the Purchaser agree that the fair market value of the "Sale Property" is SIXTY FryE IMoli.'\ANB ,..c... N'-+-" Jt.. \ C5 Of', 1--'1<.'>'. 'v/_ \'y)f'/,~,OUSa,Y\ct Dollars ($ ~5,e86.60 /v/,dJ.rYJ) and sud ~.~ sum is agreed to be the purchase price for the above property. 3. CONTINGENCY OF APPROVAL OF TITLE ENCUMBRANCES: The status of the Seller's title will be shown in a preliminary commitment for an owner's standard coverage ALTA form title insurance policy issued by Land Title Insurance Company, which commitment will be obtained by Seller at Seller's expense, and delivered to the Purchaser within fifteen (15) days of the Purchaser's signature on this Real Estate Purchase Agreement. Said preliminary commitment shall have attached thereto photocopies of all documents shown as encumbrances to the title of the Seller. Purchaser must, within fifteen (15) days of delivery of said preliminary commitment by the Seller, approve in writing the title and encumbrances or defects thereto or give notice of unacceptable encumbrances. If the Purchaser does not give said written approval or if, within ten (10) days of the Seller's receipt of Purchaser's. list of unacceptable encumbrances, Seller does not agree in writing to remove those encumbrances objected to by the Purchaser at or prior to closing, this Real Estate Purchase Agreement shall, at the --- REAL ESTATE PURCHASE AGREEMENT -1- /- -- ~ Purchaser's option, become null and void and all rights of the parties hereunder shall terminate. 4. CONVEYANCE BY STATUTORY WARRANTY DEED: At closing, fee title to the "Sale Property" shall be conveyed to the Purchaser by statutory Warranty Deed subject only to those defects and encumbrances approved by the Purchaser pursuant to paragraph 3 above. 5. TITLE INSURANCE: At closing, the Seller agrees to provide to Purchaser, at its expense, an owner's standard ALTA form policy of title insurance issued by Land Title Insurance company, said policy containing, in addition to the normal printed exceptions, only those defects and encumbrances approved by the Purchaser pursuant to paragraph 3 above. 6. POSSESSION: Purchaser shall be entitled to possession of the property it purchases upon the closing of this transaction. 7. ESCROW CLOSING AGENT: This transaction shall be closed by the Bremerton city Attorney, located at 239 Fourth Street, Bremerton, Washington. 8. CLOSING COSTS AND PRORATIONS: The Sellers agrees to pay for the costs of clearing the Seller's 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. 9. CLOSING DATE - TERMINATION DATE: This transaction shall be closed on or before 5:00 p.m'Mon t e termination date of this . (} ~)I~ C, L.~S" h' h Agreement, Wh1Ch date shall be ~~ter tlie aate on w 1C Purchaser signed this Agreement below. 10. ATTORNEY'S FEES: In the event that the Seller or the I Purchaser shall institute a lawsuit to enforce any rights pursuant to this Agreement, the successful party shall be entitled to, in addition to those costs and disbursements provided by statute, a reasonable sum as attorney's fees and costs incurred in any appeal thereof. REAL ESTATE PURCHASE AGREEMENT -2- - ;:- 11. NOTICES: All notices sent to the Seller or the Purchaser pursuant to this Real Estate Purchase Agreement shall be sent by certified mail, return receipt requested to the following addresses unless either party notifies the other in writing of a change of address: For the Seller: ~~Ia~ g' ~m~h uo f 'J~" ~ I'd- For the Purchaser: Eddy T. Chu, P.E., Director Bremerton Public Works and utilities 3027 Olympus Drive Bremerton, WA 98310-4799 12. TIME OF ESSENCE: Time is of the essence of this Real Estate Purchase Agreement. 13. GOVERNING LAW AND VENUE: This Agreement shall be governed by and interpreted in accordance with Washington law. Any litigation arising out of or in connection with this Agreement shall be conducted in Kitsap county, WaShington. ~ 14. RISK OF LOSS: The Seller shall deliver the premises and any personal property thereon to the Purchaser at closing in the same condition existing as of the date hereof. Risk of loss or damage to the premises or the personal property shall be borne by the Seller until the date of closing. Thereafter, the Purchaser shall bear the risk of loss. 15. ASSIGNMENT: Neither Seller's nor the Purchaser's rights under this Agreement may be assigned without prior written consent of the other party. In the event of an assignment, this Real Estate Purchase Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns, heirs, and legal representatives. 16. HEADINGS: The headings of the paragraphs of this Agreement are inserted solely for the convenience of the parties and are not a pat of nor intended to govern, limit, or aid in the construction of any term or provision hereof. REAL ESTATE PURCHASE AGREEMENT - 3 - - ;.:- 17. ENTIRE AGREEMENT: There are no verbal or other agreements which modify or affect this Agreement and Seller and Purchaser agree that this Agreement constitutes the full and complete understanding between the parties hereto. 18. SURVIVAL: The Seller and Purchaser agree that all representations, warranties, and agreements made herein shall not merge in, but shall survive, the closing of this transaction and the delivery of any deeds hereunder. 1(-)(- ri D te ~4fS;3 (11 A"LvrL 8 .~ SELLER CITY OF BREMERTON ,.-. Date LYNN HORTON, Mayor ATTEST: L. McCLUSKEY, Clerk APPROVAL: rector of Public Works & utilities APPROVED AS TO FORM: IAN R. SIEVERS, City Attorney ,-- REAL ESTATE PURCHASE AGREEMENT -4- ,- - ( I ! \ (l I B!{ I \1 L RIO N DEPARTMENT OF PUBLIC WORKS AND UTiliTIES. EDDY T. CHU, P.E., DIRECTOR Gml!'UNIy '0 th. Olympia ImJ Hom. of rh. Pus" Sound Nmull Shipyard America's Most Liveable City March 28, 1994 LLoyd R. and Clara Smith 1224 Cottman street Bremerton, WA 98312 Subject: Real Estate Property Agreement - 1224 Cottman street, Bremerton, Washington 98312 Dear Mr & Mrs smith: ,-.... We have received your completed Real Estate Purchase Inquiry form and we appreciate your quick response. Please review the enclosed Real Estate Purchase Agreement. If the terms and conditions are acceptable to you, complete Item #11, sign and date the agreement, and return it to us for further processing. If they are not acceptable, mark up the agreement and return it to us for our consideration. If you have any questions, please contact the undersigned at (206) 478-5315. ~;;y. Eddy T. Ch , P.E. Director of Public Works and utilities Iga c: Ian Sievers, city Attorney Margaret Lesser, Risk Manager -- OFFICE OF THE DIRECTOR. 3027 OlympuI Drtve . Bremerton, WA 98310 . (208) 478.5315 . FAX (201) 478.501' CUSTOMER SERVICE IUTILlTY BILLING. 3027 Olympul Drl.. . Sr.merton, WA 98310 . (208) 478.531. . FAX (208) 478.5018 ADMINISTRATIVE SERVICES DIVISION/WATER.WASTEWATER DIVISION/WATER RESOURCES DIVISION . 3027 OlympuI Drive. Bremer'on, WA 98310 . (208) 471-5318 . FAX (208) 478.5018 FORESTRY DIVISION. 3027 OlympuI DrI". . Bremerton, WA ..310 . (208) 471.5354 . FAX (20B) 478.5844 ENGINEERING DIVISION. 288 41h St...t . B..m.rton. WA 983'0 . (208) 478.5270 . FAX (2Qfl) 478.5388 PUBLIC WORKS OPERATIONS DIVISION. 231 4th St..., . B..m.rton, WA 98310 . (208) 478.6348 . FAX (208) 476-5380 Aft r",1lIII Oppnh"'ily r".,toyrr -- - ~ REAL ESTATE PURCHASE AGREEMENT THIS AGREEMENT is by and between LLOYD R. AND CLARA SMITH , (hereinafter referred to as "Seller") and the CITY OF BREMERTON, a Washington municipal corporation, (hereinafter referred to as "Purchaser"). 1. DESCRIPTION OF PARCELS: Purchaser agrees to purchase and Seller agrees to sell and convey, upon the terms and conditions contained herein, that real property located in Kitsap County, State of Washington, legally described as: 1224 COTTMAN STREET, BREMERTON, WA 98312 (See attached Exhibit "A") (hereinafter referred to as "Sale Property"). 2. PAYMENT: The Seller and the Purchaser agree that the fair market value of the "Sale property" is SIXTY-FIVE THOUSAND "- Dollars ($ 65,000.00 ) and said sum is agreed to be the purchase price for the above property. 3 . CONTINGENCY OF APPROVAL OF TITLE ENCUMBRANCES: The status of the Seller's title will be shown in a preliminary commitment for an owner's standard coverage ALTA form title insurance policy issued by Land Title Insurance Company, which commitment will be obtained by Seller at Seller's expense, and delivered to the Purchaser within fifteen (15) days of the Purchaser's signature on this Real Estate Purchase Agreement. Said preliminary commitment shall have attached thereto photocopies of all documents shown as encumbrances to the title of the Seller. Purchaser must, within fifteen (15) days of delivery of said preliminary commitment by the Seller, approve in writing the title and encumbrances or defects thereto or give notice of unacceptable encumbrances. If the Purchaser does not give said written approval or if, within ten (10) days of the Seller's receipt of Purchaser's list of unacceptable encumbrances, Seller does not agree in writing to remove those encumbrances objected to by the Purchaser at or prior to closing, this Real Estate Purchase Agreement shall, at the REAL ESTATE PURCHASE AGREEMENT -1- -- - -- 17. ENTIRE AGREEMENT: There are no verbal or other agreements which modify or affect this Agreement and Seller and Purchaser agree that this Agreement constitutes the full and complete understanding between the parties hereto. 18. SURVIVAL: The Seller and Purchaser agree that all representations, warranties, and agreements made herein shall not merge in, but shall survive, the closing of this transaction and the delivery of any deeds hereunder. Date SELLER ..- CITY OF BREMERTON Date LYNN HORTON, Mayor ATTEST: KATHLEEN L. McCLUSKEY, Clerk APPROVAL: rector of Public Works & utilities APPROVED AS TO FORM: IAN R. SIEVERS, city Attorney ..- REAL ESTATE PURCHASE AGREEMENT -4- ~ ~ - REAL ESTATE PURCHASE AGREEMENT THIS AGREEMENT is by and between , (hereinafter rQferred to as "seller") and the CITY OF BREMERTON, a Washington municipal corporation, (hereinafter referred to as "Purchaser"). 1. DESCRIPTION OF PARCELS: Purchaser agrees to purchase and Seller agrees to sell and convey, upon the terms and conditions contained herein, that real property located in Ki tsap County, State of Washington, legally described as: (hereinafter referred to as "Sale Property"). 2. PAYMENT: The Seller and the Purchaser agree that the fair market value of the "Sale Property" is Dollars ($ ) and said ,- sum is ~nrRArl to be the purchase price for the above property. 3 of the an OWl issued obtain Purcha this J; shall encumk f if teE Sellel theret 10,,'<;. !-Io'jc/ ~m"17\ t,'f-' ro he status tment for :e policy c; will be d to the nature on ommitment shown as t, within ant by the r defects If the Purchaser does not give said written approval or if, within ten (10) days of the Seller'S receipt of Purchaser's list of unacceptable encumbrances, Seller does not agree in writing to remove those encumbrances objected to by the Purchaser at or prior to closing, this Real Estate Purchase Agreement shall, at the " n..e.eJ<;;- ~ r-r, '---"--~.---!J Llol.(oI SYI\.. ~ I;J'"1UJ Cl f(00" PI{ tn ~ , w ~ llUb ~ CAA-( _ REAL ESTATE PURCHASE AGREEMENT -1- - RECEIVED MAR 1 7 1994 REAL ESTATE PURCHASE INQUIRY (Jape or r lU".lIIe "IJurl<s aml Instructions: Please fill out this form as detailed as possible and return 10: Utilities Attn: Real Estate Purchase, Department of Public Woc:lR9 erehUllIlt1es 3027 Olympus Drive, Bremerton, Washington 98310-4799. Dat.:~ /7 Property Addr.. Own.r'. N.m. Own.r'. Addr... (If dl .r.nt from ab?iv ) Hom. Phon. II ..r:..;,. A Busln... Phone # tv / ~-\ R.nt.r'a Nam. & Rental terms: ~ R.nt.r'. home phon. II i'\;- Monthly r.nt .mount ~ 3/d-.- e S Signature "V /J,.. \f/ YiP- '<. ( , " I r :-5' Current tenant/owner desIres tenancy after sale o v.. 0 No )(Not Sur. Flnanclallnformstlon 1. County a.....or'. appral..d valu. S 73, '7 { 0 ,,(') (Y 2. Balanc. of mortg.g. approxlmat.) S,=l!JQY) "e' a. of ~ 3. Mortg.g. Bank Branch ~ 4. R.c.nt .ppr.l.al, If .ny S ,Appral..r Oat. of appr.I..1 ct~ o-P- v--eVVl -€vroV\ House Information Sal. Information In 19 93 1. 2. 3. 4. 5. 8. 7. 19'73 1'i<f .3.~ ! "'-'f - /, ., 'f" fA,k - __'t7J!.':'.. T~~1rv t u QD4 No. of b.droom. ~lA./ ~ Totalllvsble squara footage ~ ~ Lot alz. ~ '1 7 F e-et- Numb.r of .10ry 1.: Baa.m.nt 0 V.. llf-t,Io Garag.: 0 Allach.d )(Datached ~~j~ D Doubl. D Non. H.atln9 .yst.m D Elactrlc ba..board !!!rea air D Gaa forc. air I f-QlrVlClC<::.. D Wood 1. 2. 95) OrK) " OD '1(v.a D No 3. Asking .al. prlc. (If known) Willing to n.gotlat. with the City of Br.merton regarding the aelll.ment of the aal. prlc. D..lre to u.e a certified appral.er to dat.rmlne final aale prlc. (co.t of appral.er to be .h'ar.d) WIlling to have clo.lng document. pr.p.r.d by the City Allorney, .ubJect to your apploval De.lre to clo.e the tr.n.actlon by an out.lde escrow office (closing costs shared by ownO a~~) ~s 0 No I Owner de.lre. to have the eale flnellzed by C -<?y- J q - r; mO'5' (Date or number of month.) S OVea "-NO 4. 5. J(V.. DNo 8. NOTES: a. The City haa a limited fund In 1994 to purcha.. cartaln propertle. within the de.lgnated area. b. If the owner ha. listed the property with a r..1 e.tate broker, owner m.y be .ubJect to .ale. comml..lon aat forth In the lI.tlng agreement. c. The City I. able to clo.e the tran.actlon within one (1) month after the term. and condition. ar. finalized. d. The City I. willing to p.y up to 100% of the agre.d purcha.e price. Th. balance can b. arrang.d to b. paid off within 2 to 5 year., dep.ndlng on the availability of fund. at the ..lIer'a option for tax con.ld.ratlon, (PIea.e u.e the back of the aheet for ADDmONAL INFORMATION AND/OR COMMENTS) ~ -- - DEPARTMENT OF PUBLIC WORKS AND UTILITIES. EDDY T. CHU, P.E., DIRECTOR GfltnN)' to ,II. Olympia tan" Hom. of the Pu,d Sound Mn,," Shipy",.d America's Most Liveable City March 7,1994 Uoyd Smith 1224 Cottman Avenue Bremerton, Washington 98312 Subject: Real Estate Property Purchase Dear Mr. Smith: - Thank you for your telephone call on March 3, 1994 in response to our initial letter to you dated February 11, 1994 regarding the City of Bremerton's desire to purchase your property located at 1224 Cottman Avenue, Bremerton, Washington 98312. We are enclosing an inquiry form for you to fill out and return to us at your earliest convenience. Depending on the finalization of our negotiation on terms and conditions of the purchase, the City is ready to close the transaction as early as within four (4) weeks. If you have any questions, please contact the undersigned at (206) 478-5315. Sincerely, . Z ril.-'1 eLl f"/ tEddy TQChu, P.E. d Director of Public Works and Utilities /ga c: Ian Sievers, City Attorney Russ Hauge/Shiers, Chrey, Hauge, Cox & Caulkins - OFFICE OF THE DIRECTOR. 3027 Olympua Drive. Bremerton. WA 88310 . (208) 478.5315 . FAX (208) 478.5018 CUSTOMER SERVICE 'UTILITY BILLING. 3021 Olympua Drlv. . ....merto", WA 88310. (208) 478-5318 . FAX (20B) 478-5018 ADMINISTRATIVE SERVICES DIVISION/WATER.WASTEWATER DIVISION/WATER RESOURCES DIVISION . 3027 Olympul D~.. . Bromor1on, WA 88310 . (2011478-63'8 . FAX (208) 478.6018 FORESTRY DIVISION. 3027 OIympuI D~.. . Bromor1.... WA HalO. (2081478.6364. FAX (2011478.6844 ENGINEERING DIVISION. 281 4th 5'.... . Bromor1.... WA 81310 . (2011478-6270 . FAX (2081478.6388 PUBLIC WORKS OPERATIONS DIVISION. 238 4th St..... . Bremerton, WA 88310. (208) 478-5348 . FAX (208) 478.5380 All c.,,1l8I o,po,'lIMily &.,Ioyrr -- -. l I I I () I II [{ I ... I [ I{ JON DEPARTMENT OF PUBLIC WORKS AND UTILITIES. EDDY T. CHU, P.E., DIRECTOR GoteWlll)' to rite Olympia flnll Home of the Pu,d Sound NtlUtd Sltiplltml America's Most Liveable City February 11, 1994 Uoyd R. Smith 1224 Cottman Street Bremerton, Washington 98312 Dear Mr. Smith: r- The City of Bremerton is in the process of planning for the expansion of the buffer area of the Bremerton Wastewater Treatment Facility and its operations. Due to the proximity of its location to the facility, your property located at 1224 Cottman Street is of interest to the City. If you would consider sale of your property or would like further information regarding a possible purchase by the City, please give me call at (206) 478-5315. Thank you for your consideration. We look forward to hearing from you. -Z:~ Eddy T. Chu, P.E. Director of Public Works and Utilities Iga c: File ,-... OFFICE OF THE DIRECTOR. 3027 Olympus Drive. Bremerton, WA 91310 . (201) 478-5315 . FAX (208) 478-5018 CUSTOMER SERVICE IUTlLITY BILLING. 3027 OlympuI Drtv. . Bremerton, WA 91310 . (208) 478-5318 . FAX (208) 478.5018 ADMINISTRATIVE SERVICES DIVISION/WATER.WASTEWATER DIVISION/WATER RESOURCES DIVISION . 3027 Olympus Drtve . Br.merton, WA H310 . (208) 478-5318 . FAX (208) 471.501' FORESTRY DIVISION. 3027 Olympul D~.. . Bromlrton. WA 88310 . (208) 478-5354 . FAX (2061478.5844 ENGINEERING DIVISION. 288 4th Stroot. Bromlrton. WA 81310 . (208) 478-5270 . FAX (208) 478-5388 PUBLIC WORKS OPERATIONS DIVISION. 238 4th Strool . Bromlrton. WA 88310 . (2081478-5341 . FAX (208) 478.5380 All Eitud Oppwl""ily ~ ~ IAN R. SIEVERS, City Attorney 2394th Street. Bremerton, WA 98337' (360) 478-5345' FAX (360) 478-5161 DATE: July 8, 1996 TO: Kathleen McCluskey, Administrative Services Director FROM: Nina Neimoyer, Office Assistant ~ RE: 1224 Cottman Avenue, Bremerton, Washington Smith/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 Lloyd R and Clara Belle Smith, husband and wife, as Seller, and City of Bremerton, as Purchaser, together with corresponding Real Estate Excise Tax Affidavit receipt; 2. Original Seller's Closing Statement; and 3. Original Purchaser's Closing Statement. 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 * Equal Opportunity Employer * .- - COpy fOR YOUR INfORMA'TIOM IAN R. SIEVERS, City Attorney 239 4th Street. Bremerton, WA 98337' (360) 478-5345' FAX (360) 478.5161 June 20, 1996 SENT VIA FACSIMILE AND FIRST CLASS MAIL Ms. Kim Zak Shiers, Chrey, Cox & Caulkins Attorneys at Law 600 Kitsap street, suite 202 Port orchard, Washington 98366 Re: Charleston Beach Association v. City of Bremerton Your File No. 24060-6j and city of Bremerton - Lloyd smith Transaction City's Purchase of 1224 Cottman Avenue, Bremerton Dear Ms. Zak: On May 30, 1996, we received a letter from you advising the city that all ....communications with our Charleston Beach Association Clients regarding the sale of their property go through this office or through the office of Bricklin & Gendler." Before our office received that letter, we scheduled the closing of the City's purchase of the above-referenced property from Lloyd R. and Clara B. smith for June 25, 1996. The smiths advise that they are no longer involved in the Charleston Beach Association suit. However, Joseph Smith (deceased), Lloyd smith's father, is listed as a Plaintiff in the suit pursuant to the Summons and Complaint for Damages and Injunctive Relief dated October 17, 1994. Rosa Abeyta informed our office that she was contacted by the Smiths' agent "Chuck" (It's my understanding that "Chuck" is a realtor who is representing the Smiths on the purchase of their new home) who informed her that the Smiths advised him that they were no longer involved in the suit and that they did not wish to have the Closing documents sent to your office. My reason for sending you this letter is to avoid a misunderstanding and ascertain whether or not our office should forward closing documents for the Smith transaction to your office for review. As far as our office is concerned, from the information that we have on hand, 1. e., the Charleston Beach Association Complaint and your May 30, 1996 letter, the Smiths are involved in the suit until we are informed otherwise by your firm. Please notify our office, at your earliest convenience, of the status of Lloyd R. and Clara B. Smith's involvement in the Charleston Beach lawsuit. If we are instFucted by your firm to forward the closing documents for this transaction to your office, I will do so immediately. * Equal Opportunity Employer * ~ """..~"'" ""~",' .~""~",-,-,_.-.-,...._--" Ms. Kim Zak June 20, 1996 Page 2 However we will not be able to disburse closing proceeds to the Smiths until Thursday, June 27, 1996 (as that will be the next date that the city will be printing checks) and we (of course) receive the executed Deed from the Smiths to the city. I am enclosing with this letter a copy of the Real Estate Purchase and Sale Agreement between the smiths and the City of Bremerton for your information. Additionally, if we are instructed to forward closing documents for this transaction to your office, I will also enclose a Waiver, executed by the City attorney, waiving the requirement of the Smiths to provide a Seller's Disclosure Statement pursuant to RCW 64.06.020 - .040. Mr. Jorgensen, of your firm, called our office a few weeks ago with regard to this requirement, as he was concerned on the Smiths behalf because a waiver of the Seller's Disclosure Statement was not mentioned in the Real Estate Purchase and Sale Agreement. We have now revised our Real Estate Purchase and Sale Agreement forms to include this waiver language. Thank you, Kim, in advance, for assisting us in this matter. I have worked on previous real estate closings with both Mr. Tanner and Ms. DiGiovanni of your firm and look forward to working with you as well. Sincerely, o;~~N~ ~~l Assistant to IAN R. SIEVERS Enclosure: as cited cc: Mr. and Mrs. Lloyd R. Smith ,/ Paul Lucas, Administrative Analyst Rosa Abeyta, Abeyta & Associates IAN R. SIEVERS, City Attorney 239 4th Street. Bremerton, WA 98337 . (360) 478-5345 . FAX (360) 478-5161 DATE: May 9, 1996 TO: Kathleen L. McCluskey, Administrative Services Director FROM: Jackie Cronk, Legal Assistani ~ RE: 1224 Cottman Smith/City of Bremerton Transaction ~ ~ Please find attached hereto the Preliminary Title Insurance Policy issued by Land Title Company with regard to the City's upcoming purchase of the abov;;:-referenced property. Please call our office if you have any questions in this regard. * Equal Opportunity Employer *