HomeMy WebLinkAbout20501 Olympic Ave_PLN929_2025
#21723
LOT 12
Course: S59°46'53"E Length: 95.53'
Course: S75°27'39"W Length: 415.22'
Course: N24°02'05"W Length: 153.25'
Course: N57°54'01"E Length: 143.65'
Course: S74°37'29"E Length: 77.84'
Course: S76°49'00"E Length: 190.06'
Perimeter: 1075.56' Area: 54607.77 Sq. Ft.
Error Closure: 0.0058 Course: S28°53'00"E
Error North: -0.00506 East: 0.00279
Precision 1: 185439.66
LOT 13 WITH EASEMENT
Course: N75°27'39"E Length: 415.22'
Course: S29°25'16"E Length: 48.71'
Course: S17°35'41"E Length: 205.50'
Course: S88°28'20"W Length: 431.91'
Curve
Length: 72.61' Radius: 330.00'
Delta: 012°36'27" Tangent: 36.45'
Chord: 72.47' Course: N17°43'52"W
Course In: S78°34'22"W Course Out: N65°57'55"E
Course: N24°02'05"W Length: 83.84'
Perimeter: 1257.79' Area: 84726.60 Sq. Ft.
Error Closure: 0.0078 Course: N38°11'40"W
Error North: 0.00611 East: -0.00481
Precision 1: 161237.18
LOT 13 WITHOUT EASEMENT
Course: N75°27'39"E Length: 415.22'
Course: S29°25'16"E Length: 48.71'
Course: S17°35'41"E Length: 205.50'
Course: S88°28'20"W Length: 115.12'
Course: N01°31'40"W Length: 15.00'
Course: S88°28'20"W Length: 319.77'
Curve
Length: 57.32' Radius: 330.00'
Delta: 009°57'07" Tangent: 28.73'
Chord: 57.25' Course: N19°03'31"W
Course In: S75°55'02"W Course Out: N65°57'55"E
Course: N24°02'05"W Length: 83.84'
Perimeter: 1260.48' Area: 79953.28 Sq. Ft.
Error Closure: 0.0091 Course: N50°43'46"W
Error North: 0.00577 East: -0.00705
Precision 1: 138506.59
SUBDIVISION
Guarantee/Certificate Number:
Issued By:
500131901
CHICAGO TITLE INSURANCE COMPANY
a corporation, herein called the Company
GUARANTEES
The Lux Washington, LLC, a Delaware limited liability company
herein called the Assured, against actual loss not exceeding the liability amount stated in Schedule A which the Assured
shall sustain by reason of any incorrectness in the assurances set forth in Schedule A.
LIABILITY EXCLUSIONS AND LIMITATIONS
1. No guarantee is given nor liability assumed with respect to the identity of any party named or referred to in Schedule A
or with respect to the validity, legal effect or priority of any matter shown therein.
2. The Company’s liability hereunder shall be limited to the amount of actual loss sustained by the Assured because of
reliance upon the assurance herein set forth, but in no event shall the Company’s liability exceed the liability amount
set forth in Schedule A.
Please note carefully the liability exclusions and limitations and the specific assurances afforded by this guarantee. If you
wish additional liability, or assurances other than as contained herein, please contact the Company for further information
as to the availability and cost.
Chicago Title Insurance Company
By:
Chicago Title Company of Washington
3002 Colby Ave., Suite 200
Everett, WA 98201
Michael J. Nolan, President
Countersigned By: Attest:
Marjorie Nemzura, Secretary
Chris Swartz
Authorized Officer or Agent
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:55 PM
Page1 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500131901
ISSUING OFFICE:
Title Officer: Commercial Unit
Chicago Title Company of Washington
3002 Colby Ave., Suite 200
Everett, WA 98201
Fax: (855)394-4817
Main Phone: (425)259-8205
Email: Everett.CU@ctt.com
SCHEDULE A
Liability Premium Tax
$1,000.00 $350.00 $34.30
Effective Date: February 16, 2022 at 08:00 AM
The assurances referred to on the face page are:
That, according to those public records which, under the recording laws, impart constructive notice of matter relative to
the following described property:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF
Title to said real property is vested in:
The Lux Washington, LLC, a Delaware limited liability company
subject to the matters shown below under Exceptions, which Exceptions are not necessarily shown in the order of their
priority.
END OF SCHEDULE A
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page2 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
EXHIBIT "A"
Legal Description
For APN/Parcel ID(s): 008473-000-012-00 and 008473-000-013-00
Parcel A:
Lot 12, Jensen Farm Div. I, according to the Plat thereof recorded in Volume 60 of Plats, pages 32 through 35, inclusive,
records of Snohomish County, Washington;
EXCEPT that portion as conveyed by deed recorded under Auditors File No. 200212110905, records of Snohomish
County as described below:
Those portions of Lots 12 and 13, Jensen Farm Div. I, according to the Plat thereof recorded in Volume 60 of Plats, pages
32 through 35, inclusive, records of Snohomish County, Washington described as follows:
Beginning at the most Northerly corner of said Lot 11 of said Plat;
Thence South 65°48'38" East 64.18 feet along the Northerly line thereof;
Thence South 24°02'05" East 170.25 feet to the Northerly line of said lot 12 and the True Point of Beginning;
Thence South 24°02'05" East 237.09 feet to the Westerly line of said Lot 13 and a point of cusp with a curve concave
Westerly having a radius of 330.00 feet;
Thence Northerly and Northwesterly 46.45 feet along said curve and Westerly line through a central angle of 08°03'54";
Thence North 32°05'59" West 188.45 feet along the Westerly lines of said Lot 13 and 12 to said Northerly line of Lot 12;
Thence North 57°54'01" East 30.00 feet along said Northerly line to the True Point of Beginning.
Situate in the County of Snohomish, State of Washington.
Parcel B:
Lot 13, Jensen Farm Div. I, according to the Plat thereof recorded in Volume 60 of Plats, pages 32 through 35, inclusive,
records of Snohomish County, Washington;
EXCEPT that portion as conveyed by deed recorded under Auditors File No. 200212110905, records of Snohomish
County as described below:
Those portions of Lots 12 and 13, Jensen Farm Div. I, according to the Plat thereof recorded in Volume 60 of Plats, pages
32 through 35, inclusive, records of Snohomish County, Washington described as follows:
Beginning at the most Northerly corner of said Lot 11 of said Plat;
Thence South 65°48'38" East 64.18 feet along the Northerly line thereof;
Thence South 24°02'05" East 170.25 feet to the Northerly line of said lot 12 and the True Point of Beginning;
Thence South 24°02'05" East 237.09 feet to the Westerly line of said Lot 13 and a point of cusp with a curve concave
Westerly having a radius of 330.00 feet;
Thence Northerly and Northwesterly 46.45 feet along said curve and Westerly line through a central angle of 08°03'54";
Thence North 32°05'59" West 188.45 feet along the Westerly lines of said Lot 13 and 12 to said Northerly line of Lot 12;
Thence North 57°54'01" East 30.00 feet along said Northerly line to the True Point of Beginning.
Situate in the County of Snohomish, State of Washington.
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page3 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500131901
SCHEDULE B
GENERAL EXCEPTIONS
A. Rights or claims of parties in possession, or claiming possession, not shown by the Public Records.
B. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land.
C. Easements, prescriptive rights, rights-of-way, liens or encumbrances, or claims thereof, not shown 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 are not shown as existing liens by the Public
Records.
F. Any lien for service, installation, connection, maintenance, tap, capacity, or construction or similar charges for
sewer, water, electricity, natural gas or other utilities, or for garbage collection and disposal not shown by the
Public Records.
G. Unpatented mining claims, and all rights relating thereto.
H. Reservations and exceptions in United States Patents or in Acts authorizing the issuance thereof.
I. Indian tribal codes or regulations, Indian treaty or aboriginal rights, including easements or equitable servitudes.
J. Water rights, claims or title to water.
K. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the Public
Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the
Schedule B, Part I—Requirements are met.
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page4 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500131901
SCHEDULE B
(continued)
SPECIAL EXCEPTIONS
1. No search has been made as to property taxes and assessments. Property taxes and assessments will be
searched upon request.
2. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Public Utility District No. 1 of Snohomish County
Purpose: Electric transmission and/or distribution line
Recording Date: August 26, 1955
Recording No.: 1157911
Affects: A portion of Said premises and other property
3. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Cascade Natural Gas Corporation, its successors and assigns
Purpose: Pipeline or pipelines
Recording Date: October 23, 1961
Recording No.: 1491152
Affects: A portion of Said premises and other property
4. Voluntary Mitigation Agreement including the terms, covenants and provisions thereof
Recording Date: March 25, 1994
Recording No.: 9403250743
5. Those easements for access, electricity, telecommunications, sewer, storm drainage and other utilities as set forth
on plat of Jensen Farm Div. I:
Recording No: 9509285002
6. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Public Utility District No. 1 of Snohomish County and Verizon Northwest Inc.
Purpose: Electric distribution lines and facilities and communication wires and cables
Recording Date: December 11, 2002
Recording No.: 200212110907
Affects: A 10 foot strip of land across Said premises
7. Terms and conditions of Easement Agreement for ingress and egress
Recording Date: August 26, 2005
Recording No.: 200508260877
Affects: A portion of Parcel B and includes other property
Note: Said instrument is a rerecording of Auditors number 200503090656, records of Snohomish
County.
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page5 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500131901
SCHEDULE B
(continued)
8. Covenants, conditions, restrictions, recitals, reservations, easements, easement provisions, dedications, building
setback lines, notes, statements, and other matters, if any, but omitting any covenants or restrictions, if any,
including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital
status, disability, handicap, national origin, ancestry, or source of income, as set forth in applicable state or federal
laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth on Boundary
Line Survey:
Recording No: 200501105157
Affects: Parcel B
9. Any question that may arise due to shifting or change in the course, boundaries or high water line of Portage
Creek or due to prior shifting or changing of the course, boundaries or high water line; and rights of the State of
Washington in and to that portion of said Land, if any, lying in the bed or former bed of Portage Creek.
10. Any prohibition or limitation of use, occupancy or improvement of the Land resulting from the rights of the public or
riparian owners to use any portion which is now or was formerly covered by water.
11. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document:
Granted to: Public Utility District No. 1 of Snohomish County and Northwest Fiber, LLC d/b/a Ziply Fiber
Purpose: Electric and communications distribution lines and facilities
Recording Date: February 2, 2022
Recording No.: 202202020396
12. Construction Deed of Trust, Security Agreement and Fixture Filing to secure an indebtedness in the amount
shown below:
Amount: $24,250,000.00
Dated: July 22, 2021
Trustor/Grantor: The Lux Washington, LLC, a Delaware limited liability company
Trustee: Chicago Title Company of Washington
Beneficiary: Terra Property Trust, Inc., a Maryland corporation
Recording Date: July 22, 2021
Recording No.: 202107220813
An assignment of the beneficial interest of said deed of trust which names:
Assignee: Terra Mortgage Portfolio II, LLC, a Delaware limited liability company
Recording Date: September 2, 2021
Recording No.: 202109020602
13. Assignment of Rents and Revenues
Assigned to: TERRA PROPERTY TRUST, INC., a Maryland corporation
Assigned by: THE LUX WASHINGTON, LLC, a Delaware limited liability company
Recording Date: July 22, 2021
Recording No.: 202107220814
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page6 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
CHICAGO TITLE INSURANCE COMPANY GUARANTEE/CERTIFICATE NO. 500131901
SCHEDULE B
(continued)
14. An unrecorded lease with certain terms, covenants, conditions and provisions
Lessor: The Lux Washington, LLC, a Delaware limited liability company
Lessee: Grandview Management Services, LLC, a Washington limited liability company
Subordination and Attornment Agreement recorded at Recording No.: 202107280231 which states that said lease
was subordinated to the document or interest described in the instrument
Recording Date: July 22, 2021
Recording No.: 202107220813
15. The Company's liability for this report is limited to $1,000.00. This report is based on the company's property
records, and no liability is assumed for items misindexed or not indexed in the public records, or for matters which
would be disclosed by an inquiry of the parties in possession or by an accurate survey or inspection of the
premises. This report and the legal description given herein are based upon information supplied by the applicant
as to the location and identification of the premises in question, and no liability is assumed for discrepancies
resulting therefrom. This report does not represent either a commitment to insure title, an examination of, or
opinion as to the sufficiency or effect of the matter shown, or an opinion as to the marketability of title to the
subject premises.
END OF SCHEDULE B
Subdivision Guarantee/Certificate Printed: 02.22.22 @03:56 PM
Page7 WA-CT-FNRV-02150.624679-SPS-1-22-500131901
BEFORE LEGAL DESCRIPTIONS
TPN 00847300001200 and 00847300001300
Parcel A:
Lot 12, Jensen Farm Div. l, according to the Plat thereof recorded in Volume 60 of Plats, pages 32
through 35, inclusive, records of Snohomish County, Washington;
EXCEPT that portion as conveyed by deed recorded under Auditor’s File No. 200212110905, records of
Snohomish County as described below:
Those portions of Lots 12 and 13, Jensen Farm Div. l, according to the Plat thereof recorded in Volume
60 of Plats, pages 32 through 35, inclusive, records of Snohomish County, Washington described as
follows:
Beginning at the most Northerly corner of said Lot 11 of said Plat; thence South 65° 48’ 38†East 64.18
feet along the Northerly line thereof; thence South 24° 02’ 05†East 170.25 feet to the Northerly line of
said Lot 12 and the True Point of Beginning; thence South 24° 02’ 05†East 237.09 feet to the Westerly
line of said Lot 13 and a point of cusp with a curve concave Westerly having a radius of 330.00 feet;
thence Northerly and Northwesterly 46.45 feet along said curve and Westerly line through a central
angle of 08° 03’ 54â€; thence North 32° 05’ 59†West 188.45 feet along the Westerly lines of said Lot 13
and 12 to said Northerly line of Lot 12; thence North 57° 54’ 01†East 30.00 feet along said Northerly line
to the True Point of Beginning.
Situate in the County of Snohomish, State of Washington.
Parcel B:
Lot 13, Jensen Farm Div. l, according to the Plat thereof recorded in Volume 60 of Plats, pages 32
through 35, inclusive, records of Snohomish County, Washington;
EXCEPT that portion as conveyed by deed recorded under Auditor’s File No. 200212110905, records of
Snohomish County as described below:
Those portions of Lots 12 and 13, Jensen Farm Div. l, according to the Plat thereof recorded in Volume
60 of Plats, pages 32 through 35, inclusive, records of Snohomish County, Washington described as
follows:
Beginning at the most Northerly corner of said Lot 11 of said Plat; thence South 65° 48’ 38†East 64.18
feet along the Northerly line thereof; thence South 24° 02’ 05†East 170.25 feet to the Northerly line of
said Lot 12 and the True Point of Beginning; thence South 24° 02’ 05†East 237.09 feet to the Westerly
line of said Lot 13 and a point of cusp with a curve concave Westerly having a radius of 330.00 feet;
thence Northerly and Northwesterly 46.45 feet along said curve and Westerly line through a central
angle of 08° 03’ 54â€; thence North 32° 05’ 59†West 188.45 feet along the Westerly lines of said Lot 13
and 12 to said Northerly line of Lot 12; thence North 57° 54’ 01†East 30.00 feet along said Northerly line
to the True Point of Beginning.
Situate in the County of Snohomish, State of Washington
AFTER LEGAL DESCRIPTION
TPN 00847300001200 and 00847300001300
PARCEL C
THAT PORTION OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 11 T. 31 N., R.
5 E., W.M. AND LOTS 12 AND 13, JENSEN FARM DIV. I, ACCORDING TO THE PLAT THEREOF, RECORDED
IN VOLUME 60 OF PLATS, PAGES 32 THROUGH 35, RECORDS OF SNOHOMISH COUNTY, WASHINGTON,
MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 13, PLAT OF JENSEN FARM DIV. I THENCE N 17ﹾ‎
35’ 41†W ALONG THE EAST LINE OF SAID LOT 13 A DISTANCE OF 205.50 FEET; THENCE N 29ﹾ‎ 25’ 16†W
ALONG THE EAST LINE OF LOT 13 A DISTANCE OF 48.71 FEET TO THE SOUTHEAST CORNER OF LOT 12 OF
SAID PLAT; THENCE N 59ﹾ‎ 46’ 53†W ALONG THE NORTHEASTERLY LINE OF SAID LOT 12 A DISTANCE OF
95.53 FEET; THENCE N 76ﹾ‎ 49’ 00†W ALONG THE NORTHERLY LINE OF SAID LOT 12 A DISTANCE OF
190.06 FEET; THENCE N 74ﹾ‎ 37’ 29†W ALONG SAID NORTHERLY LINE A DISTANCE OF 77.84 FEET TO THE
EASTERLY CORNER OF LOT 11 OF SAID PLAT; THENCE S 57ﹾ‎ 54’ 01†W ALONG THE SOUTHERLY LINE OF
SAID LOT 11 A DISTANCE OF 143.65 FEET TO THE EAST MARGIN OF OLYMPIC PLACE AS RECORDED
UNDER AUDITOR’S FILE NUMBER 200212110905; THENCE S 24ﹾ‎ 02’ 05†E ALONG SAID EAST MARGIN A
DISTANCE OF 237.09 FEET TO A POINT ON A TANGENT CURVE TO THE RIGHT WITH A RADIUS OF 330.00
FEET; THENCE SOUTHERLY ALONG THE ARC OF SAID CURVE AND THE EAST MARGIN OF SAID ROAD
THROUGH A CENTRAL ANGLE OF 12ﹾ‎ 36’ 27†A DISTANCE OF 72.61 FEET TO THE SOUTHWEST CORNER
OF SAID LOT 13; THENCE N 88ﹾ‎ 28’ 20†E ALONG THE SOUTHERN LINE OF SAID LOT 13 A DISTANCE OF
431.91 FEET TO THE TRUE POINT OF BEGINNING.
SUBJECT TO AND TOGETHER WITH ALL EASEMENTS, COVENANTS, CONDITIONS, RESERVATIONS, AND
RESTRICTIONS OF RECORD.
SITUATE IN THE COUNTY OF SNOHOMISH, STATE OF WASHINGTON.