Loading...
HomeMy WebLinkAbout200312010151 CITY OF BREilEBTON DEED Return Address: City Clerk City of Bremerton 239 Fourth Street Bremerton, WA 98337 KITSRP COUNTY TEERSURER EXCISE 12/01/~.'0~-'~ 2003EX11209 To,cai : $27g?.80 Clerk's Inl~l ............. AUDITOPJRECORDER'S INDEXING FORM Document Title(s): l. Statutory Warranty Deed of Roger Reference Number(a) of Documents assigned or released: Grantor(s): 1. Marcella Joyce Silkett-Ridge, individually and as Personal Representative of the estate E. Silkett 2. Jack H. Ridge ~ Additional names on page of document. Grantee(s): 1. CityofBremerton [~ Additional names on page of document. Legal Description: Lot(s) 11, Ex. N. 5 ft., Jens Jacobsen Addn. to Bremerton, Vol./Pg. 4/91 (abbreviated) [] Additional legal is on page 2 of document. Assessor's Property Tax Parcel/Account Number: 3756-000-011-0007 STATUTORY WARRANTY DEED MARCELLA JOYCE SILKETT-RIDGE, individually and as Personal Representative of the Estate of Roger E. Silkett and JACK H. RIDGE, (husband and wife) ("Grantors"), for and in consideration of mutual benefits derived and/or other valuable consideration receipt of which is hereby acknowledged by Grantors, conveys and warrants to the City of Bremerton, a Washington municipal corporation ("Grantee"), for any and all municipal purposes, as Grantee the following described real property situated in Kitsap County, State of Washington. STATUTORY WARRANTY DEED (Individual) - Page 1 of 3 Lot(s) 11, Jens Jacobsen Addition to Bremerton, according to the Plat recorded in Volume 4 of Plats, Page(s) 91, records of Kitsap County, Washington; EXCEPT the North 5 feet thereofi GRANTORS: I~.~RCELI~' J~OYCE SILKETT-RIDGE, individually and as Personal Representative of the Estate of Roger E. Silkett DATE: / J~.CK H. R1DGE DATE: STATE OF WASHINGTON ) COUNTY OF KITSAP ) Onthis ~,/ dayof_}'}~¢~oeF' ,2003,beforemeaNotaryPublicinandfortheStateof Washington, personally appeared Marcella Joyce Silkett-Ridge to me known to be the individual and Personal Representative of the Estate of Roger E. Silkett, that executed the foregoing instrument, and acknowledged it to be her free and voluntary act for the uses and purposes mentioned in th/s instrument, and on oath stated that she was authorized to execute said instrument. IN W_~ ~,~ .WHEREOF, I have hereunto set.my hand and official seal the day and ~ec[¢fi~t ~e~en. // NOTARY PUBLIC, in and for the State ofWash,n ton, res,d,ng ~ My appointment expires STATUTORY WARRANTY DEED (Individual) - Page 2 of 3 STATE OF WASHINGTON ) ) SS. COUNTY OF KITSAP ) On this i ~,~- day of L)/°0 an,4~ er', 2003, before me a Notary Public in and for the State of Washington, personally appeared Jack H. Ridge to me known to be the individual that executed the foregoing instrument, and acknowledged it to be his free and voluntary act for the uses and purposes mentioned in this instnnnent, and on oath stated that he was authorized to execute said instrument. -Notary Seal Must Appear Within This Box- IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year~ // ~o3_ ..v& -~7 ,O'.' ~%¢'NOTARY PUBLIC, in and for the State ~O~'S'B'~ of Washington, residing at '~' My appointment expires ~ APPROVED AS TO FOR/Vi: ROGER A. LUBOVICH City Attorney R:\LEGAL\Files\Current Active Files\Ridge Real Estate Transaction\Statutory Warranty Deed.doc i Page: 3 0£ 3 CITY OF BREMERTON BEE0 ~l.$f~ Kit. sap Co, g& STATUTORY WARRANTY DEED (Individual) - Page 3 of 3 PLEASE TYPE OR PRINT RJ~AL ESTATE EXCISE TAX AFFIDAVIT This form is your receipt CHAPTER 82.45 RCW- CHAPTER 458-61 WAC when stamped by cashier. F0R USE AT COUN]JfT REASUKER'S OFFICE (Use Form No. 84-0001B for Reporting Transfers of Controlling Interest of Entity Ownership to the Depa,'lment of Revenue) TItlS AFFIDAVIT WILL NOT BE ACCEPTED UNLESS ALL AREAS 1-7 ARE FULLY COMPLETED Name Marcella Joyce Silkett-Ridge and Jack H. Ridge Name City of Bremerton -- Street NE 120 Pederson Drive Street 239 Fourth Street City/State/zip Belfair WA 98528 city/state/Zip B.~remerton WA 98337 ADDRESS TO SEND ALL PROPERTY TAX RELATED CORRESPONDENCE ALL TAX PARCEL NUMBERS C0 UNT-~'~'~-TREAS URER PLACE ASSESSED VALUE IF TAX EXEMPT Name Same as Grantee 3756-000-011-0007 Street City/State/Zip LEGAL DESCRIPTION OF PROPERTY SITUATED IN F1 UNINCORPORATED COUNTY III oR n~ crr¥ OF Bremerton Street Address (if property is improved): 817 - 10th Street Lot(s) 11, Jens Jacobsen Addition to Bremerton, according to the Plat recorded in Volume 4 of Plats, Page(s) 91, records of Kitsap County, Washington; except the North 5 feet thereof. i Is this properly currently: YES NO [] Description of personal property included in gross selling price, both tangible (eg; furniture, equipment, etc.) or intangible (eg; goodwill, Classified or designated as forest land? ~ ~ agreement not to compete, etc.) Chapter 84.33 RCW Classified as current use land (open space, farm ~ and agricultural, or timber)? Chapter 84.34 RCW Exempt from property tax as a nonprofit ~ ~ If exemption claimed, list WAC number and explanation. organization? Chapter 84.36 RCW Seller's Exempt Reg. No. WAC No. (Sec/Sub) Receiving special valuation as historic [] [] Explanation property? Chapter 84.26 RCW Property Type: D land only E~ land with new building ~ land with previously used building O land with mobile home Type of Document Statutory Warranty Deed ~ timber only E~ building only Date of Document Principal Use: [~ Apt. (4+ unit) I~ residential ~ timber ~ agricultural ~ commercial/industrial Gross Selling Price $. 101,000.00 ~ other Personal Property (deduct) $. I~(1) NOTICE OF CONTINUANCE (RCW 84.33 OR RCW 84.34) Taxable Selling Price $. 101,000.00 If the new owner(s) of land that is classified or designated as current use Excise Tax: State $ 1,797.80 or forest land wish to continue the classification or designation of such Local $. land, the new owner(s) must sign below. If the new owner(s) do not desire Delinquent Interest: State $. to continue such classification or designation, all compensating or additional tax calculated pursuant m RCW 84.33.120 and 140 or RCW Local 84.34.108 shall be due and payable by the seller or transferor at the time Delinquent Penalty $. of sale. The county assessor must determine if thc land transferred Total Due $ 1,797.80 qualifies to continue classification or designation and must so indicate below. Signatures do not necessarily mean thc land will remain in A MINIMUM OF $2.00 IS DUE AS A PROCESSING FEE AND TAX. classification or designation. If it no longer qualifies, it will be removed [] AFFIDAVIT and the compensating taxes will be applied. All new owners must sign. I Certify Under Penalty of Perjury Under Thc Laws of The State of This land [] does [] does not qualify for continuance. Washington That Tije Foregoing I.s,T, mc ~.nd Correct. (Sec back of this foam). Date Si nature of DEPUTY ASSESSOR Grantor/Age (2) NOTICE OF COMPLIANCE (Chapter 84.26 RCW) M~rceila do~ce Si/kerr-Ridge and daok I-I. Ridge If the new owner(s) of property with special vahiatiun as historic property Name (print) wish to continue this special valuation the new owner(s) must sign below. Date and Place of Signing: [Irerrlel~/VA~, 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. Signature of Grantee/Agent~ (3) OWNER(S) SIGNATURE Name (,print) Cary Bozeman, Mayor Date & Place ofSiginng: Bremerton, WA Perjury: Perjury is a class C felony which is punishable by imprisonment in the state correctional institution for a maximum term of not more than five years, or by a fine in an amount fixed by the court of not more than five thousand dollars ($5,000.00), or by both imprisonment and fine (RCW 9A.20.020 (lC)). REV 84 000la (3-18-99) (PD 4-05-00) FOR TREASURER'S USE ONLY []COUNTY TREASURER []DEPT. OF REVENUE []COUNTY ASSESSOR CLOSING SETTLEMENT STATEMENT Seller Marcella Joyce Silkett-Ridge Buyer City of Bremerton Seller Jack H. Ridge Buyer Property Address 817 l0TM Street C I State WA 1Zip ~eller(s) Colum '¢~ la. Sales Price 101,000 I lb. Sales Price 101,000 2a. Down payment 0 2b. Down paTment I 0 3a. Balance 101,000 [ 3b. Balance ~ 101,000 4a.Ex enses 4b. Ex enses / 5a. Title Search 5b. Title Search I 6a. Recording Fees (10.50) 6b. Recording Fees [ 10.50 7a. Title Insurance (475.23) 7b.Title Insurance [ 8a. Attorney Fees ] 8b. Attorney Fees 9a. Notary Fees ] 9b. Notary Fees 10a. Survey 1 Ob. Survey 1 la. Commission to 1 lb. Commission to 12a. Real Estate Excise (1,797.80) I 12b. Tax 13a. Asbestos inspections (3,812.00) [ 13b. I and removal 14a. 14b. I 15a. 15b. I 16a. 16b. I 17a. 17b. I 18a. 20a. Total Expenses (6,095.53) 20b. Total Expenses 10.50 2la. Balance Less Expenses 94,907.47 [ 2lb. Balance Plus I 101,010.50 22a. Other Adjustments ~ 22b. Other Adjustments 23a. County Tax Pro-ration 23b. County Tax Pro-ration 24a. City Tax Pro-ration 24b. City Tax Pro-ration 25a. Special Assessment 25b. Special Assessment I Pro-ration Pro-ration 26a. 26b. 27a. 27b. 28a. ]28b. 29a. 30a. Total Adjustments ] 30b. Total Adjustments 3la. Balance due to Seller 94,904.47 3lb. Balance due from 101,010.50 32a. Total due from/to 94,904.47 32b. Total due from/to 101,010.50 Seller(s) Buyer(s) I/we certify that the foregoing is tree and I/we certify that the foregoin is tree and correct, correct. l~arcella J~C~ Silkett-Ridge, ~ndiv~dually -- and as Personal Representative of the _ Estate of Roger E. Silkett, Seller Buyer SSN: c~9.2 -d:~ ~,~? 3 By: Cary Bozeman, Mayor Date: ~ ? O,~ Jack H. ~.idge, Seller Date: iZ - t - ~3 FormW-9 Request for Taxpayer I Give form to the (Rev. Ja.ua~ ~003~ Identification Number and Certification requester. Do not Department o~ the Treasu~J send to the IRS. Internal Rever~Je Se~ice ~ Name ~ Na~cella J. Silkett-Ridge ~- Business name, if different ~'om above o .~.._0 Individual/ r~Personal Rep · Of Exempt from backup ~- ~ Check appropriate box: [] Sole proprietor [] Corporation [] Partnership I~ Other ~.Es%..a~ce ......... [] v~thhoididg oE ~ ~ Address (number, street, and apt. or suite no,) Requester's name and address (optional) ':-= NE 120 Pederson D]~ive C:il;y of B:eme]~t. on D. O ,~ City, state, and ZiP code 239 Fourth S[]~eet ~ Be~'a±]~, WA 98528 B:erne~ton, WA 98337 0~ List account number(s) here [optional) ! Taxpayer Identification Number (TIN) Enter your TIN in the appropriate box. For individuals, this is your social security number (SSN). Social security number However, for a resident alien, sole proprietor, or disregarded entity, see the Part I instructiorls on page 3. For other entities, it is your employer identification number (EIN). If you do not have a number, see How to get a TIN on page 3. or to~heacc~un~s~nm~rethan~nename~see~hechat~npage4~rg~ide~nes~nwh~senumber enter. Emrlo~__er idrnt~catiin nimT I ~'~1! Certification Under penalties of perjury, ~ certify that: 1. The number shown on this form is my correct taxpayer identification number 3r I an3 waiting for a number to be issued to me), and 2. I am not subject to backup withholding because: (a) I am exempt from backu ) withholding, or (b) I have not been notified by the internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup withbolding, and 3. I am a U.S. person (including a U.S. resident alien), Certification instructions. You must cross out item 2 above if you have been notified by the iRS that you are currently sub~ect to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the Certification, but you must provide your correct TIN, (See the instructions on page 4.) Sign I Signature of Here Purpose of Form/ ~/ Nonresident alien who becomes a resident alien. Generally. only a nonresident alien individual may use the A person who is required to file an information return with terms of a tax treaty to reduce or eliminate U.S. tax on number (TIN) to rape[t, for example, income paid to you, real provision known as a "saving clause." Exceptions specified estate transactions, mortgage interest you paid, acquisition in the saving clause may permit an exemption from tax to or abandonment of secured property, cancellation of debf, or continue for certain types of income even after the recipient contributions you made to an IRA. has otherwise become a U.S. resident alien for tax purposes. U.S. person. Use Form W-9 only if you are a U.S. person If you are a U.S. resident alien who is relying on an (including a residen'~ alien), to provide your correct TIN to the exception contained in the saving clause of a tax treaty to person requesting it (the requester) and, when applicable, to: claim an exemption fTom U.S. tax on certain types of income, 1. Certif~ that the TIN you are giving is correct (or you are you must attach a statement that specifies the following five waiting for a number to be issued}, items: 2. Certify that you are not sub~ect to backup withholding, 1. The treaty country. Generally, this must be the same nonresident alien. 3. Claim exemptio[~ from backup withholding if you are a U.S. exempt payee, 2. The treaty article addressing the income. Note: If a requester gives you a form other than Form W-9 3. The article number (or Iocatioe) in the tax treaty that to request .your TIN, ~vou must use the requester's form if it is contains the saving clause and its exceptions. substantially similar to this Form W-9. 4. The type and amonnt of income that qualifies for the Foreign person. If you are a foreign person, BSa the exemption from tax. appropriate Form W-8 (see Pub. 515, Withhoiding of Tax on 5. Sufficient facts to justify the exemption from tax under Nonresident Aliens and Foreign Entities). the terms of the treaty article. CORRECTION STATEMENT AND AGREEMENT In consideration of the closing of the sales transaction identified herein, Buyer(s) and Seller(s) hereby agree as follows: 1. This agreement concerns the closing of a real estate transaction between Seller(s) and Buyer(s) as evidenced by that certain Real Estate Purchase and Sale Agreement dated //J ~ ~ J ~ Lz~ . a copy of which is attached hereto. 2. Seller(s) and/or Buyer(s) shall correct and/or replace any closing document at the request of the other that contains an error, inaccuracy, or has been lost, destroyed, or misplaced for any reason. A closing document shall be deemed to contain an error or an inaccuracy if it fails to reflect the true or correct terms and conditions of the closing or to conform to the Real Estate Purchase and Sale Agreement or tree intentions of the parties. Examples include, but are not limited to, errors in the legal descriptions, misspelled names, invalid acknowledgement, etc. 3. This agreement is made regardless of the reason of any loss, misplacement, or inaccuracy in any closing document, if any. 4. "Correct or Replace" includes, but is not limited to, the execution, acknowledgement, initialing and delivering to the other party any documentation deemed necessary to replace or correct the lost, misplaced, misstated, or inaccurate document(s). Closing documents include, but are not limited to, closing statements, deeds, affidavits, contracts or other documents executed by the parties in connection with the closing. 5. Buyer(s) and Seller(s) shall deliver the replacement documents within thirty (30) days after receipt of a written request for corrective action under this agreemefit. 6. In the event the closing statement or funds transferred between the Buyer(s) and the Seller(s) did not accurately reflect the agreement of the parties, Buyer(s) and Seller(s) agree to provide additional amounts due or amount to be refunded. 7. If Buyer(s) or Seller(s) fail or refuse to execute, acknowledge, initial the replacement documents or provide the additional documents or fees for more than thirty (30) days after being requested to do so, Buyer(s) or Seller(s), whichever is the refuser, agrees to be liable for any and all loss or damage which the other reasonably sustains thereby including, but not limited to, all reasonable attorney's fees and costs incurred to obtain the corrected or replacement documents. 1 of 2 8. This agreement shall survive the closing, inure to the benefit of the Buyer(s) and Seller(s), their successors and assigns, and be binding upon the heirs, devisees, personal representatives, successors and assigns of the parties. BUYER: SELLERS: C1TY OF BRE k~i-T~~ By: C~y ozVeZ, MaYor ~ ~J.'Sii~et/t-Rid~ge~'/~'~ Dated: 1~-'2¢'~170~ Dated: ~')~.,,j / ~ck H. Ridge Dated: ] ~ * APPROVED AS TO FORM: By: Roger A. Lu~ovich, City Attorney 2 of 2 REAL ESTATE PURCHASE AND SALE AGREEMENT WITH EARNEST MONEY PROVISION This contract controls the terms of the sale of real property. (Please read carefully before signing.) This Agreement is entered between the CITY OF BREMERTON, a Washington municipal corporation, whose mailing address is 239 4th Street, Bremerton, Washington 98337, CBuyer"), and Marcella and Jack Ridge, husband and wife, ("Seller"), for the sale and purchase of real property as follows: 1. PROPERTY. The property, including all improvements and appurtenances situated thereon, which Buyer agrees to buy and Seller agrees to sell, is commonly known to be located at 817 10* Street, Bremerton, Washington 98337 (the "Property"), and which Property is legally described in Exhibit A, attached hereto and incorporated herein by this reference. A map indicating the location of the Property is also attached as Exhibit B, incorporated herein by this reference. (~,999.99) L~ t.~.~ ,%..,-':. cf ~ CLX' of ~rc..'~.~,cn ~.~.cck, ~ ~.'~ ..'-~n~y ~nd -~.~ ........ ch:on 3. PURCHASE PRICE. The total purchase price for the Property is One Hundred One Thousand Dollars ($101,000.00) including earnest money, payable on closing. 4. CONTINGENCIES. This agreement is contingent upon: (a) Acceptance of its terms by the Bremerton City Council. (b) Buyers review and approval of the title report on the property prior to Closing. (c) Prior to vacating the property and prior to closin~ Seller removing all personal property, equipment, and fixtures including but not limited to all vehicles, furniture, and other itoms as identified in Exhibit C. Upon vacation of the property by Seller and Seller's removal of the personal property, equipment and fixtures, and based upon final inspection and approval by Buyer of items removed by Seller as required herein, all remaining improvements located on the property shall be removed by the Buyer and the Buyer shall be responsible for the costs and expenses of demolition and/or removal of any improvements, structures or buildings, except that Buyer wi~ be entitled to recover from Seller the coal and expense of any required removal of underground storage tanks or costs of abatement related to asbestos or other hazardous substances, as l~rovided in subparagraph (vO. (d)Buyer's shall have until November 17, 2003 to provide Seller with the cost of REAL ESTATE PURCHASE AND SALE AGREEMENT Pagelof7-f~J'~-'"~ c7~ ~jt, f. ~/.J.~,Lj~c~' ' ,,y .~,~/ /[~ ~,~' C/c~:~ removal of underground storage tanks or of abatement costs related to asbestos or other hazardous substances. Seller shall provide reasonable access to the property to determine those costs. Seller shall have tmtil November 21, 2003 to accept those costs which shall be deducted fi.om the purchase price of the property. Should any of these contingencies not be met prior to closing, and Buyer desires to terminate this Agreement, then Buyer must deliver written notice to Seller stating the Buyer desires to terminate this Agreement. If Buyer fails to deliver the Termination Notice so that it is received by Seller on or before 5:00 p.m. December 1, 2003, then Purchaser shall be deemed to have waived all Contingencies and to have elected to proceed with this Agreement. If Buyer either fails to deliver such a notice to Seller by the prescribed time or notifies Seller in writing that it waives all Contingencies, the Earnest Money (as defined below) will become the property of Seller, will be non-refundable to Buyer, and will apply as a credit toward the Purchase Price at the Closing. If Purchaser gives Seller a timely Termination Notice, then this Agreement shall terminate, in which event the Earnest Money shall be returned to Buyer as Buyers sole remedy and neither Seller or Buyer shall have any further rights, duties or obligations, except for any liabilities, rights, duties or obligations that expressly survive this Agreement. 5. CONVEYANCE AND CONDITION OF TITLE. The title to the real propet~y shall be conveyed by Seller to Buyer at dosing by Statutory Warranty Deed, free and clear of all liens, encumbrances or defects except those described in Paragraph 6 below. 6. TITLE INSURANCE. At Closing, Seller shall cause Land Title Company of Kitaap County, whose address and telephone number is 801 6* Street, Bremerton, Wa. 98337, 360-377- 9500, to issue a standard form owner's policy of title insurance to Buyer in an amount equal to the total purchase price of the Real Property, and insuring the Real Property being discharged by Seller shall be paid from Seller's funds at Closing. For purposes of this Agreement, the following shall not be deemed encumbrances or defects: rights reserved and federal patents or state deeds; building or use restrictions consistent with current zoning, and utility and road easements of record. If title cannot be made so insurable prior to the Closing date called for herein this agreement shall terminal_., unless Buyer elects to waive such defects or encumbrances. 7. CLOSING COSTS AND PRO-RATIONS. The cost of escrow shall be shared equally between Buyer and Seller, except those fees which are expressly limited by Federal Regulation and Seller shall pay for excise tax and revenue stamps. Taxes for the current year, rents, interest, Association, Condominium and/or Homeowner's fees, water and other utility charges, if any, shall be pro-rated as of date of closing unless otherwise agreed. 8. CLOSING OF ~ SALE. WITH THE UNDERSTANDING THAT TIME IS OF THE ESSENCE FOR THIS AGREEMENT, this sale shall close on or before December 1, 2003 which shall also be the termination date of this agreement unless said closing date is extended in mg by mutual agreement of the pames ............... -'. · .... ,J .....F~7;o, ..... r~.-.~t REAL ESTATE PURCHASE AND SALE AGREEMENT - Page 2 of 7 iM ~ ~...J ~- ' - ~,1~ -ag~,m~t. Closing, for the purpose of this agreement, is defined as the date that all documents are executed and the sale proceeds are available for disbursement to the Seller. 9. CASUALTY 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 the Buyer, shall become null and void. 10, POSSESSION. Buyer shall be entitled to possession on closing. 11. SELLER'S REPRESENTATIONS. Seller represents: (a) that he/she will maintain the property in present or better condition until time of agreed possession, (b) that he/she has no knowledge or notice fi.om any governmental agency of any violation of laws relating to the subject properly except:. (c) that the property will not be encumbered by any leases at the date of closing. 12. SELLER'S ENVIRONMENTAL REPRESENTATIONS. Seller represeota that to the best of his/her knowledge that he/she is not aware of existence of, or has caused or allowed to be caused, any environment condition (including, without limitation, a spill, discharge or contamination) that existed as of and/or prior to the closing date or any act of omission occurring prior to the closing date, the result of which may require remedial action pursuant to any federal, state or local law or may be the basis for the assertion of any third party claims, including claims of governmental entities. This provision shall survive the closing and be in addition to Seller's obli~fion for breach of a representation or warranty as may be set forth herein. 13. SELLER'S INDEMNITIES: Seller agrees to indemnify and hold harmless the Buyer, against and in respect of, any and all damages, claims, losses, liabilities, judgments, demands, fees, obligations, assessments, and expenses and costs, including, without limitation, reasonable lega~ accounting, consulting, engineering and other expenses which may be imposed upon or incurred by Buyer, or asserted against Buyer, by any other party or parties (including, without limitation, a governmental entity), arising out of or in connection with any environmental condition existing as of and/or prior to the closing date, including the exposure of any person to any such environmental condition, regardless of whether such environmental condition or exposure resulted from activities of Seller or Seller's predecessors in interest. This indemnity shall survive the closing and be in addition to Seller's obligation for breact~ ora representation or warranty as may be set forth herein. 14. DEFAULT AND ATTORNEY'S FEES. (a) Buyer*s DefauiL IF BUYER DEFAULTS HEREUNDER, SELLER'S SOLE REMEDY SHALL BE LIMITED TO DAMAGES AGAINST REAL ESTATE PURCHASE AND SALE AGREEMENT Page 3 of 7 PURCHASE IN THE LIQUIDATED AMOUNT OF THE EARNEST MONEY PREVIOUSLY PAID THE BUYER. BUYER AND SEI.I.I~.R INTEND THAT SAID AMOUNT CONSTITUTES LIQUIDATED DAMAGES: AND SO AS TO AVOID OTHER COSTS AND EXPENSES TO EITHER PARTY IN CONNECTION WITH POTENTIAL LITIGATION ON ACCOUNT OF BUYERS' DEFAULT. BUYER AND SELLER BELIEVE SAID AMOUNT TO BE A FAIR ESTIMATE OF ACTUAL DAMAGES. (b) Seller's Defanlt. ~ SELLER DEFAULTS HEREUNDER, BUYER SHALL HAVE AIJ. THE RIGHTS AND REMEDIES AVAILABLE AT LAW OR IN EQUITY. (c) Attorney's Fees and Costs. In the event of litigation to enforce any of the terms or provisions herein, each party shall pay all its own costs and attorney's fees. 15. NOTICE TO SELLER. This form contains provisions for an agreement for the purchase and sale ofreai estate. The Buyer makes NO WARRANTY OR REPRESENTATION OF ANY KIND that this form, or any of its provisions, is intended to meet the factual and legal requirements of a particular transaction, or that it accurately reflects that laws of the State of Washington at the time you enter the agreement. THIS AGREEMENT HAS SIGNIFICANT LEGAL AND FINANCIAL CONSEQUENCES AND YOU ARE ADVISED TO SEEK INDEPENDENT LEGAL AND FINANCIAL COUNSEL REGARDING THESE CONSEQUENCES. If you do not understand the effect of any part, consult your Attorney before signing. 16. NON-MERGER, The terms, conditions, and provisions of this Agreement shall not be deemed merged into the deed, and shall survive the Closing and continue in full force and effect. 17. NOTICES. All notices required or permitted to be given hexeunder shall be in writing and shall be sent U.S. certified mail, return receipt requested, or by facsimile transmission addressed as set forth below: (a) All notices to be given to Buyer shall be addressed as follows: Kathleen McCluskey Administrative Services Director City of Bremerton 239 Fourth Street Bremerton, Washington 98337 (b) All notices to be given to Seller shall be addressed as follows: Marcella Ridge NE 120 Pederson Dr. Belfair, WA. 98528 REAL ESTATE PURCHASE AND SALE AGREEMENT Page 4 of 7 Either party hereto may, by written notice to the other, designate such other address for the giving of notices as being necessary. All notices shall be deemed given on the day such notice is personally served, or on the date of the facsimile transmission, or on the third day following the day such notice is mailed in accordance with this paragraph. 18. ENTIRE AGREEMENT AND MODIFICATION. This agreement, including all incorporated exhibits, constitutes the full undemanding between seller and buyer. There have been no verbal or other agreements that modify this agreement. This Agreement may only be modified by mutual written agreement of the parties. 19. BINDING EFFECT AND SURVIVAL. This Agreement shall be binding upon parties hereto and their respective heirs, successors and assigns; and the terms, conditions and provisions of this Agreement shall survive the closing of this transaction. 20. DATE OF MUTUAL ACCEPTANCE. For the purposes of this Agreement, the date of mutual acceptance of this Agreement shall be the last date on which the parties to this Agreement have executed this Agreement as indicated below. 21. EXPIRATION OF OFFER. Buyer shall have only until 5:00 p.m. on Friday October 24, 2003_ to accept the purchase and sale agreement as written, by delivering a signed copy thereof to the Buyer or the Buyer's agent. If Seller does not so deliver a signed copy within said period, this agreement shall lapse and aH right of the parties hereunder shall terminate. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date set forth below. BUYER: SELLERS: THE CIT .Y/QI~ BREI~-~:P'_ MARCELLA AND JACK RIDGE By: ~-~ By:~ Cary Bozeman, Mayor Marce~a tnmue __ ~., . By: ~ ~: Jack,age / Roger Lubovich, City Att~omey Dated: [ {9 - Z 3 - O~ Dated: // /7~/d g REAL ESTATE PURCHASE AND SALE AGREEMENT Page 5 of 7 EXHIRIT A LEGAL DESCRIPTION Tax Description Tax Account No. . Process No. Situs Address ~756-000-011-0007 1[1445253 Il JACOBSEN'S, JENS, ADDN BLK 000 LOT 11 EX N 5FT REAL ESTATE PURCHASE AND SALE AGREEMENT Page 6 of 8 EXHTR1T B LOCATION OF PROPERTY REAL ESTATE PURCHASE AND SALE AGREEMENT Page 7 of 8 EXHIBIT C LIST OF PROPERTY TO BE REMOVED REAL ESTATE PURCHASE AND SALE AGREEMENT Page 8 of 8 Salvage List for 817 - 817A - 817B If places are demolished #1 817 Stove Refrigerator Washer/Dryer Stove Hood All Kitchen Cabinets and Cupboards Shower Door Carpets Windows Attic Ladder Curtains and rods #2 817A Stove Refrigerator Washer/Dryer Stove Hood Upper Kitchen Cupboards Carpets Gas Heater Hot water heater Windows Light Fixtures Curtains and rods #3 817B Stove Refrigerator Washer/Dryer All Kitchen Cabinets and Cupboards Lig[lt .Fixtures Cur~ins and rods Stove hood NAME AFFIDAVIT I, the undersigned, MARCELLA JOYCE SILKETT-RIDGE, hereby certify that I am the same person as Marcella J. Ridge, Marcella J. Silkett-Ridge, and Marcella Joyce Ridge. ,277~~ ~/d~'T'./~.~_ Date: ~,7~.~/, ~,.~ MARCELL~J~YCE ~IL~TT-K~Gff Individually ~d as Personal Represemative Of the Estate of Roger E. Silkett STATE OF WASH~GTON ) CO~TY OF KITS~ ) On this ~ day of D~cember, 2003, before me a Notaw Public in ~d for the State of Washington, p~rsonally appe~ed Marcella Joyce Silkett-Ridg¢, to me ~own to be the individual that executed the foregoing ins~ment, and ac~owl~dged it to be her free ~d voluntary act for ~e uses and pu~oses mentioned in this instrument, and on oath stated that she was authorized to execute said instrument. -Notary Seal Must Appear Within This Box- IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written. /J IC, in and for the State of Washington, residing at ~d°h1~'~~ i/kJ J~ My appointment expires. 5- AD -~. I'D'~ We, Marcella Joyce Silkett-Ridge and Jack H. Ridge, hereby agree that the cost of abatement relating to the sale of 8 1 7 - i 0th Street, Bremerton, Washington and shall not be a basis for renegotiation of the sale. Marcella J45yce Silkett-Ridge Individually and as Personal Representative of the Estate of Roger E. Silkett Date: ~r.-~ / ~:9~,~ (~a~k H. Ridge, individually Date: 17-- / - OS REAL ESTATE PURCHASE AND SALE AGREEMENT WITH EARNEST MONEY PROVISION This contract comrols the terms of the sale of real property. (Please read carefully before si~nin~.} This Agreement is entered between the CITY OF BREMERTON, a Washington municipal corporation, whose mailing address is 239 4th Street, Bremerton, Washington 98337, ("Buyer"), and Marcella and Jack Ridge, husband and wife, ("Seller"), for the sale and purchase of real property as follows: 1. PROPERTY. The property, including all improvements and appurtenances situated thereon, which Buyer agrees to buy and Seller agrees to sell, is commonly known to be located at 817 l0~ Street, Bremerton, Washington 98337 (the "Property"), and which Property is legally described in Exhibit A, attached hereto and incorporated herein by this refereace. A map indicating the location of the Property is also attached as Exhibit B, incorporated herein by this reference. 3. PURCHASE PRICE. The total purchase price for the Property is One Hundred One Thousand Dollars ($101,000.00) including earnest money, payable on closing. 4. CONTINGENCIES. This agreement is contingent upon: (a) Acceptance of its terms by the Bremerton City Council. (b) Buyers review and approval of the title report on the property prior to Closing. (c) Prior to vacating the property and prior to closing, Seller removing all personal property, equipment, and fixtures including but not limited to all vehicles, furniture, and other items as identified in Exhibit C Upon vacation of the property by Seller and Seller's removal of the personal property, equipment and fixtures, and based upon final inspection and approval by Buyer of items removed by Seller as required herein, all remaining improvements located on the property shall be removed by the Buyer and the Buyer shall be responsible for the costs and expenses of demolition and/or removal of any improvements, structures or buildings, except that Buyer will be entitled to recover from Seller the cost and expense of any required removal of underground storage tanks or costs of abatement related to asbestos or other hazardous substances, as provided in subparagraph (d). (d) Buyer's shall have until November 17, 2003 to provide Seller with the cost of REAL ESTATE PURCHASE AND SALE AGREEMENT ' removal of underground storage tanks or of abatement costs related to asbestos or other hazardous substances. Seller shall provide reasonable access to the property to determine those costs. Seller shall have until November 21, 2003 to accept those costs which shall be deducted from the purchase price of the property. Should any of these contingencies not be met prior to closing, and Buyer desires to terminate this Agreement, then Buyer must deliver written notice to Seller stating the Buyer desires to temainate this Agreement. If Buyer fails to deliver the Termination Notice so that it is received by Seller on or before 5:00 p.m. December I, 2003, then Purchaser shall be deemed to have waived all Contingencies and to have elected to proceed with this Agreemem. If Buyer either fails to deliver such a notice to Seller by the prescribed time or notifies Seller in writing that it waives all Comingencies, the Earnest Money (as defined below) will become the property of Seller, will be non-refundable to Buyer, and will apply as a credit toward the Purchase Price at the Closing. If Purchaser gives Seller a timely Termination Notice, then this Agreemem shall terminate, in which event the Earnest Money shall be returned to Buyer as Buyers sole remedy and neither Seller or Buyer shall have any further rights, duties or obligations, except for any liabilities, rights, duties or obligations that expressly survive this Agreement. 5. CONVEYANCE AND CONDITION OF TITLE. The title to the real property shah be conveyed by Seller to Buyer at closing by Statutory Warranty Deed, flee and clear ofallliens, encumbrances or defects except those described in Paragraph 6 below. 6. TITLE INSURANCE. At Closing, Seller shall cause Land Title Company of Kitsap County, whose address and telephone number is 801 6t~ Street, Bremerton, Wa. 98337, 360-377- 9500, to issue a standard form owner's policy of title insurance to Buyer in an amoum equal to the total purchase price of the Real Property, and insuring the Real Property being discharged by Seller shall be paid from Sellers funds at Closing. For purposes of this Agreement, the following shall not be deemed encumbrances or defects: rights reserved and federal patents or state deeds; building or use restrictions consistent with current zoning, and utility and road easements of record. If title cannot be made so insurable prior to the Closing date called for herein this agreement shall terminate, unless Buyer elects to waive such defects or encumbrances. 7. CLOSING COSTS AND PRO-RATIONS. The cost of escrow shall be shared equally between Buyer and Seller, except those fees which are expressly limited by Federal Regulation and Seller shall pay for excise tax and revenue stamps. Taxes for the currem year, rents, imerest, Association, Condominium and/or Homeowner's fees, water and other utility charges, if any, shall be pro-rated as of date of closing unless otherwise agreed. 8. CLOSING OF THE SALE. WITH THE UNDERSTANDING THAT TIME IS OF THE ESSENCE FOR THIS AGREEMENT, this sale shall dose on or before December 1, 2003 which shall also be the termination date of this agreement unless said dosing date is extended in writing by mutual agreement of the parties. V..~.:..n.':zt'iled, '..he ~:yer =:d/?~'.!'~;~ d~e'~.~.~k;ut REAL ESTATE PURCHASE AND SALE AGREEMENT '~ ~,'/- ..~. ~'. , ""~.~ l Page 2 of 7 ~'t K ~/d ~.- Ll~ ~. Close, for ~e pu~ offs a~t, is d~ ~t~ ~d ~ ~e pro~s ~ av~l~ for ~s~m~t to 9. CASE~ ~88. ~ prior to dos~ ~prov~mts on d~stroy~ or ~t~y ~ by ~g or o~ ~, ~s ~t, at opfioa of thg Bu~, s~ b~omg null ~ void. 10. POSSESSION. Buy~ s~ ~ ~ to pos~s~on on ~los~g 11. S~LLER'S ~P~SENTA~ONS. ~H~ redeems: (a) ~t h~e ~ ~ the prop~ ~ pre~t or b~ ~Mifion ~R t~e of a~ ~s~ssio~ (b) t~t h~she ~ no ~owl~ge or noti~ ~om ~y 8ov~ ~ of ~y ~o~on of~ws rela~ng to the subj~ pro~ ~t:, (c) t~t ~e pro~ ~11 not ~ ~m~ by ~y 1~ at ~e ~te of clos~g 12. SELLER*S E~ON~NT~ ~P~SENTA~ONS. S~ r~r~ to the best off.er ~owl~ge that h~she is not aw~e of~stm~ of, or ~ ~ or ~ow~ to ~ ~, ~y m~o~t ~ndi~on (~clu~g, ~out ~mtio~ a sp~, &~h~ge or ~n~fion) t~t ~ ~ of ~or prior m ~e closing ~te or ~y prior to the cios~g ~te, the reset ofw~ch ~y r~e r~ ~on p~t to ~f~ or 1~ law or ~y be the b~is for the ~on of ~y t~d p~ cl~s, ~lu~g clsms of gove~m~ ~ies. ~s prolcon s~ ~ve ~e clos~ ~d ~ ~ ~&~on to ~s ob~o6on for brach of a repre~tafion or w~ ~ ~y ~ ~ fo~h h~. 13. SELLER'S ~E~S: SeH~ ~ to &d~ ~d ~ld ~s ~e Buyer, ~st ~d in r~ o~ ~y ~d ~ ~es, c~, los~, ~es, jud~, d~ds, f~s, ob~gatiom, ~ents, ~d ~s ~d ~s, ~clu~ ~out ~o~ r~le a~ ~n~t~ ~ ~d oth~ e~s w~ch ~y be ~po~ u~n or ~ by Buy~, or ~ ~t Buy~, by ~ oth~ p~ or p~ (~clu~g, ~thout ~tatio~ a gov~m~ mti~), ~s~g out of or in ~on ~ ~y m~o~ ~n&~on ~ ~ of ~or p~or to the clo~g date, ~clu~g ~e ~e of ~ p~son to ~ ~ch m~o~t~ ~n&fio~ ~ ofwh~ ~ch ~ro~ent~ ~on or ~o~e r~t~ SeH~ or Sellers pr~s~rs in ~est. ~s ~d~ s~ ~ve the clo~ ~d ~ ~ ~&~on to SeH~s ob~ion f~ ~ of a r~re~tafion or w~ ~ ~y ~ ~ fo~h 14. DEFA~T AND A~O~Y*S (a) Buyer's ~ault W B~R DEFA~TS ~E~ S~L~R'S SOLE ~DY S~L BE L~ TO D~GES AG~ST ~ ESTA~ P~C~SE ~ S~E AG~ P~e 3 of 7 Either party hereto may, by written notice to the other, designate such other address for the giving of notices as being necessary. All notices shall be deemed given on the day such notice is personally served, or on the date of the facsimile transmission, or on the third day following the day such notice is mailed in accordance with this paragraph. 18. ENTIRE AGREEMENT AND MODIFICATION. This agreement, including ail incorporated exhibits, constitutes the full understanding between seller and buyer. There have been no verbal or other agreements that modify this agreement. This Agreement may only be modified by mutual written agreement of the parties. 19. BINDING EFFECT AND SURVIVAL. This Agreement shall be binding upon parties hereto and their respective heirs, successors and assigns; and the terms, conditions and provisions of this Agreement shall survive the closing of this transaction. 20. DATE OF MUTUAL ACCEPTANCE. For the purposes of this Agreement, the date of mutual acceptance of this Agreement shall be the last date on which the parties to this Agreement have executed this Agreement as indicated below. 21. EXPIRATION OF OFFER. Buyer shall have only until 5:00 p.m. on Friday October 24, 2003_ to accept the purchase and sale agreement as written, by delivering a signed copy thereof to the Buyer or the Buyer's agent. If Seller does not so deliver a signed copy within said period, this agreement shall lapse and all right of the parties hereunder shall terminate. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date set forth below. BUYER: SELLERS: THE CITY ~I~ BRE~ MARCELLA AND JACK RIDGE By: By:~ Cary Bozeman, Mayor Marcega Ridge By: ~ -'~ ~: Jack~dge '~ · Dated: [0- Z) -0.5 Roger Lubovic.h, C, ity Attpmey Dated: ,// REAL ESTATE PURCHASE AND SALE AGREEMENT Page 5 0£7 E×Hmrr A LEGAL DESCRIPTION Tax Description Tax Account No. Process No. Sims Address ~756-000-011-0007 1[1445253 I1 ~1'7 JACOBSEN'S, JENS, ADDN BLK 000 LOT 11 EX N 5FT REAL ESTATE PURCHASE AND SALE AGREEMENT Page 6 of 8 EXRfBIT B LOCATION OF PROPERTY REAL ESTATE PURCHASE AND SALE AOREEMENT Page 7 of 8 Salvage List for 817 - 817A - 817B If places are demolished #1 817 Stove Refrigerator Washer/Dryer Stove Hood All Kitchen Cabinets and Cupboards Shower Door Carpets Windows Attic Ladder Curtains and rods #2 817A Stove Refrigerator Washer/Dryer Stove Hood Upper Kitchen Cupboards Carpets Gas Heater Hot water heater Windows Light Fixtures Curtains and rods #3 817B Stove Refrigerator Washer/Dryer All Kitchen Cabinets and Cupboards Light.Fixtures Curtains and rods Stove hood LAND TITLE COMPANY LEADERSHIP · TRUST · COMMITMENT Agent for Chicago Title Insurance Company r~Title / Recording Dept. AtlgllSt ll, 2004 9657 Levin Road NW #100 · P.O. Box 2737 · Silverdale, WA 98383 360.692.2233 Fax 360.692.2244 CITY OF BREMERTON 4TH STREET BREMERTON ATTN.' ~ ~/~ ZXD~J Enclosed please find your final policy of title insurance in regards to the following transaction: Seller Name: RIDGE Buyer Name: CITY OF BREMERTON Our File No.: E-166017 Property Address: Please call us if you have any questions regarding this policy. For your convenience please use our "800" number. (800) 950-4321. Thank you for allowing Land Title Company to serve you. We appreciate your business! , UG 1 3 200 La~dffitle Company of Kitsap County Sil~erdale Title Office KEEP THIS POLICY IN A SAFE PLACE For fast service on future sales or loans on this property present this letter to your realtor or lender. Thank you, Land Title 801 6th Street 9657 Lcvin Rd. NW, St¢.! 10 19301 8~ Ave. NE, Stc. D 1140 Bethel Ave., Ste. 202 Bremerton, WA 98337 Silvcrdalc, WA 98383 Poulsbo, WA 98370 Port Orchard, WA 98366 360.377.9500 · Fax 360.377.9501 360.692.4033 · Fax 360.692.8669 360.779.7172 · Fax 360.779.1004 360.876.0450 · Fax 360.876.0574 CHICAGO TITLE INSURANCE COMPANY SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, CHICAGO TITLE INSURANCE COMPANY, a Missouri corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: I. Title to the estate or interest described in Schedule A being vested other than as slated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability oftbe title; 4. Lack ora 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. LANI) q I1 LE C()51q'ANY OF KITSAP C()UNT~ CHICAGO TITLE INSURANCE COMPANY EO. Box 2737 Sil¥crd~fle, W.,\ 98383