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98-131901 ~ 11925 SW Lincoln Avenue PACIFIC NORTHWEST TITLE TRI-COUNTY 9020 SW Washington Sq. Rd. Suite 120 Tigard, OR 97223 Pacific Northwest Title Title: (503) 671-0505 Fax: (503) 671-0515 of Oregon, Inc. September 28, 1999 City of Tigard 13125 SW Hall Blvd Tigard OR, 97223 Re: Escrow No. 99176277 Property Address: 11925 SW Lincoln Ave Tigard, OR 97223 We enclose for your review the preliminary report that has been completed for the above referenced transaction. Please review this report carefully and contact Nick Whelan at (503) 671-0505 should you have any questions concerning its contents. Thank you for your order. We are looking forward to working with you on this transaction. Sincerely, PACIFIC NORTHWEST TITLE OF OREGON, INC. NIW/Igs encl. s STATE OF OREGON l on 8e J AlxotntNumMr: 1116888 County of Washington ACAPS Number: 16MI041010 I, Jerry R r of Aseuss- Date Printed: 11/1s;lgga ment and, n anc o County Reconveyance, Fee: $113.00 1H DOT - Ihle wlfo ~fy that ecalved and to Me ki sad county. A r' / . y;nq . ~CT WHEN RECORDED MAIL TO: 1 ''S 14 . ' , Uq p: ' ~ Ireolor of Bx* of America ark Ion, Ex- Northwest Raalonal Loan Si(}~o0 Gepjpi_ Doc 98131901 P.0.box3828 _ Rect. 221075 11/23/1998 02:40:37 21.00 3aattly- W981243828 RESERVED FOR AUDITORS USE ONLY. DEED OF TFMT THIS DEED OF TRUST Is granted this 2o day o} / Vaec h-a:. /9J~ r by Ronald Alien Sather (IGrama7 to Trhntanetlon T11kr hnhwatvre Co ('Trusteey, in truth for _ Benr of Ameflcs Nr&SA 1'BuxNlolary l Grantor epnas ere fobws: 1. CONVEYANCE. Grantor hereby. bargains, ask and conveys to Trustee In trust. with power oltnhtrpl~ r n »rlphI. title and Interest In the folloWrvj described real property ( Property`), whether now owned or later acquired, located at rta>tssw Imo/ Z ;4 TIGARD OR 07223 j n wlashington County, Oregon and legally O (f:m) Km CODO d y described as: See Legal Desaptbn Attached Hereto And Made A Part Thereof. ph~ i-t ~ - Property Tax ID a 8276347 together with ill equipment and ldtures, now or later attached to the Property; all tenenherds, heraduaments and appurtenances, now of later In any way appertaining to the Property, and all tessattold IntereSts, rents, payments, Issues and profits derived from or In any wary corrected with the Property. 2. ASSIGNMENT OF RENT::. 2.1 ASSIGNMENT. Grantor further assigns to Beneflclaary all of Granor's Interest In all sdHirg and future losses. Ilcermea and other agreemerns tot the use or occupancy of the P(= (`Contracts'), Including the Immedle" and continuing right to caYCt, In OMW GrArdaft or Berrfldery'e name, ail rents, reeelppts, Income and other payments due or to become due under the Contracts (lreymems'>. M Iorg as there Is no dNeult under this Deed of Trust, "ardor Is granted a license to collect the PalTnents, but such license shall not constitute flcia" consent to Grantor's use of the Payments in any bankruptcy proceeding ust 2.2 DISCUUMEFL Nothing contained In this Deed of Tr shN be construed as abllgellrg Beneficiary or any receiver to Oka any action to money, Incur en scer CUR provision tofQttheeNgCoop b acts r xpaan for anyil Payments roca y e nu oreperform any obligHfon under the Contracts. 9anHidarlfe duties the tarn of oohundred three thtouaTrust secures performance Of 88C ard t! hundred dollars and no ttlad of Grantor contained in this Deed of Truth sue; payment of (S 103 500.00 ) with Interact thereon as evidenced by a promissory note(s) signed on ZO p%ae to to Beneficiary or order and made by Grantor, IrtdudIN all renewals, modifications and extenstons G rear a any lucre vances tinsunr er ( Secured Obltgstlcn-' Nothing contained in this Deed of Trust shall be construed u oblVatinngg Bwwflciery to make any futus advance to Gamor. 4. MATTtU~R11ITY DATE. The term of the Secured Oblpallon commences on the daallee thla Deed of Trust Is etscuted std dull and, If not paid e00111ir,on I111RMIA 5. AFFIRMATIVE COVENANTS. Grantor diet!: 5.1 MAINTENANCE OF PROPERTY. Maintain and preserve the Property In good condition and repair, ordinary wear and tear incepted; campbte '+y I moment which may be constructed on the Property,, and restore any Improvement whit may be damaged or destroyed; 52 C P=CE NATH LAWS. Comply with all laws, ordinances, regulations, covenants. Wridilons and restrictions affecting the tP opeAy, 5.3 REAL ESTATE INTERESTS. Perform all obligations lobe performed by Grantor under the Convects: 5A PAYMENT OF DEBTS AND TAXES. Pay promptly all oblgHiom secured by the Property: all into, assur mama and governmental Ions or charges levied against the Property; and all claims for labor, materials, supplies or otherwise which, If unpaid, might become a lien or charge upon the Pnoperiy 5,5 M91JfU . CE. houne continuously, with flnanclaly sound and reputable Insurers acceptable to Beneficiary. as improvs-nov on Me Property against all risks, cacuahies and losses through Standard fire and extended coverage insurance or otherwise, imWdlnilwithout Imitation, Insurance against fire, tneft, casualty, vandalism and any olher risk Beneficiary may reasonably request. The trnwrance polices shelf be In an aggagare amonrd of not lees than the full replacement cost of all Improvements on the Property, Including the cost of demolldon and removal of dews and shall name Beneficiary as bas payee as Its Interest may appear. The amounts collected under the Insurance policies may lea apppled to the Secured Obtgstion In any manne es BenrAlctafy determines, and such application that rot cause diswMMuartce at any pfoceedlto to fonickme upon this Dead of Trust. In thre event of foreclosure, all of Gritiftes rights in the Insurance Policies shal Pass to purchase at the foreclosure sob; 5A HAZARDOUS WASTE. Nollfy Beneficiary within twenty-four (24) hours of any ra"s, of a reportable quantity of any hazardous or ree8gulated substance, or of the recelpt by Granla of any notice, order, or communication from any goverrimemel out Odty which rotates to the esm6satonce of or potentlel for environmental pollution of any kid etdstlng on the Property, or results from the use of the Property or any suer roperty; and 5.7 STS AND E7 PENSES Pay, reimburse and Indemnify Beneficiary for III of Berslldarys reasonsby costs and ssgeerwes incurred in connection with torettoshg upon this Deed of Treat, defendI g any action or proceeding purporting to affect the rights at duties of Beneficiary or Trustee under this Deed of Trust, or managing the Property and colectbg Ike Payments. Induding, without Initiation, all reasonable attorneys' tees and value of the services of staff counsel, legal expenses, collection costs, costs of title parch, and trudae's and receiverY lees at trial of an appeal. 8. NEGATIVE COVENANTS. Grantor slwll not without 0 's prior written consent: E.1 PAYMENTS Acceptor collect Payments more than arm 1) month In advance of the due dde; E2 MODIFY CONTRACTS. Tennlnaie modNyy or amend any provision of the Contracts! or 8.3 RESTRICTIONS ON CONVEYar& 9houkl the Grantor or the Grantor's succ9mors In hif rest without the consent In wilPWQ of 8erelklary sal, transfer, or convey, or permN to be Bold, trensfened or eonveyed, by .r,. tar sus a In any other manner Grant orb lmerest N tin property (of any pert thereof), then Beneficiary may declare all sums secured hereby Immediately due and payable. %II; provision shall apply to each and every sale, transfer or conveyance, regardless whether or not Benaflclary has conserved to, or waived, Bamflciwy's dot hereunder, whether by action or non action, In comectlod with any previous sakc, transfer, or conveyance, *What Oro or more. .3 7. EMINENT DOMAIN. In the event any portion of the Property Is taken through eminent domaln, the amount of the award to which Grantor is entitled shag be applied to the Secured Obligation. 8. RECONVEYANCE. Trustee shelf reconvey such portion of the Property to the person entitled thereto upon written request of Benof:cary, or upon stlfataetion of the Secured Obi atlon end wnttten t hest la reconveyence made by Bene11Ctery Or any parson Merestad In the POP". 0. SUCCESSOR TRUSTEE. In t e, overt of death, inscapadry, dlsablky or res"on of to Trustee, BenefIct may appoint a successor trustee end. upon the recording of such appointment In the records of the county In which this Deed of Trust Is recorded the successor trudee shall be vested with all powers of the original Trusts. Farsn Na.31r711 R05.199e I~ 10. EVENTS OF DEFAULT. The 00"I"rlr:a of any of the fd'owlng ova a shoe, el Benef Mary's option, and at any time without regard to any previous knowledge on Beneficiary's part, constitute a defau k under the temp of this Deed of Trust. the Secured Obegetbn and all related ban docunards: 10.1 NON-PAYMENT OF PRINCIPAL OR INTEREST. Arry Payment of pdndpal or klefed on the Searrod Obligation le not mob when due; or 10.2 FAILURE TO PERFORM. Any tax, assessment, Irntsuyance premium, Mend, encumbrancother tam, e or other charge snagainst due Proper) , or any Wined In this Deed of Trust or In any other gdoth Is not paid en cu end wl0r Benefldwy, or In which Grantor grants a uewlty Yrtanet In the P ty. Yati of promptly Performed or satisfied. 11. REMEDIES UPON DEFAULT. it any default occurs ands ooMtnuing Bersf Clary may, at Its option: 11.1 TERMINATE COMMITMENT. Tsrminate any oulstsnding and unful ill d mrrumllment to Grantor; t1.2 ACCELERATE. Deelsre any or all of the Secured Obligation, together whh al accrued Interest, to be Immediately due and payable without ountmard demand, protest or now@ of any kind, on of which am expressly waited by Grantor; 11.3 PAYMENTS, Pay Such awns ae may be nocsmry to pay arty tax. summem, insurance premium, Yen enournbrarrce ether charge against the Propertrtyy, or any payment under a real nfate contra cove" the Pro y. without PrSRG EG Beeefi wo to accelerate the Secured OYligatlon Mel foreclose upon this Deed of Trust. Grantor shd rafmburse Bandldwy, upon demand, fa each amounts paid by BenefldarY, wfth Interest titercon ham the date o1 each payment at the hlghem rate that to, from time to Ilne, applktable on any uN the Second Oblpatbn. Al uruelntbursW amounts ehsl be added to anti Deoome a earl of the Seamed Obligation; Be 11A REINSTATEMENT. The Grantor Shall had the rtoM to ratmtab this Daed o1 Trust and have my proaaditl1pa begun by the rstfclaty to cNorce title Deed of Two msmntlnured at any a for to line earlier to occur (1) the filth day beforeIM date of Sale by the Trustee, or 11hso ntry of a JudQmmm lorscbslrr++pp fhb OeW rf Trust Thm oondltbnS Gor rNmtsfement we that: (a) the Grantor pays. off Same, WiTc would n be duo undar he Secured Oblgatlon and this Doad o! Trust had ro aoalaratton occurred; (II ours any default of Grantor's other obllgttbne or agrecrruants. In Ihls Used of TTiuel; lo) pay cell cats. and erperws ndusy incurred by Semi aly in enforcing this Deed of Trust Inctumrp but not @mlfed ro reasonebls trance's Iws Sued aromaq a fs.ee, to the audard permitted by appk*A law. Upon relnetatenwnt this Deed of rist and IM alregationa eeeund hfrepr~bpyy shall rsmain'salty eifeettve u M no acceleration had uoeuried. However, the rolMtatemed right Shalt not npp{!~ in the case of YM Nernefon folulting from the esie ur trwler of GraMa a prpper}y 11.0 COLLECTION OF PAYMENTS. Terminate the license, granted to Grantor to collect the Ffaymenb; rants Possession of, mom" and operate the Property under the terms of the Contracts.; and demand and collect all Payments., Including endorell any check, draft or other Instrument 9Ivan as payment, either by Nseit or through an agent or Wdaly.appolnted receiver. The Paymenb shag be applied find to psyrnent of the male of managing the Property and coMcting the Payments., a than to the Seared Obligations; 11.0 TRUSTEE'S SALE Direct Vie Trustee, upon written request, to ant the Property and apply the sale proceeds In accordance with the laws of the State of Oregon. 11.7 OTHER REMEDIES. Purses all other available Mgt and equitable rernedles. Including, without Ymltatbn, foredoMV upon title Deed of Trust as a mortgage Grantor ertpre3* wolves any defense or right, In any action or proceeding in connection with the Secured Obligation, that Beneficiary must find rceaG to any other securl or person. 12 WAIVER. No waiver by Beneficiary of any deviation by Grantor from ful performance of this Deed of Trust or the Secured OWI¢atlon a the due maybe, shall constitute a waiver of e ary's right to requln prompt payment or to assort any other right or remedy provided or In Ihb Deed of Trust or the Segued Obligation on the bets of the came or sbnlMr fallun to perform. 13. SUCCESSORS AND ASSIGNS. This Dead of Trutt Inltrte to the benefit of and Is binding upon the naPective holes, devisees, Isgaleee, admlydstrators, macutors, ou"ossore and assigns of the parties hereto. 14. APPLICABLE LAW. This Deed of rust has been delivered to Beneficiary and accepted by Serwildary In the State of Oregon,. This Dead of Trust she% be governed by end in accordance with the taws of the State of Oregon. 15. PLEDGE. Any Grantor who is not a borrower under the Secured Oblgatlon shall not be personally liable for the obligations therein and Is only signing this Deed of Trust to grant and comroy Grantor's Interest In the reel property Identified herein and agrees that Beneficiary and any, borrower under the Secured Obligation may extend, modify, forebear, or make any other aurangemos relail to the Secured Ob igaeon or Dead of Trust Without Grardd's consent and without releasing Grantor from this Deed of Trust, its extension or modiflmgoa 16. HOMESTEAD. To the fullest cxlent permitted by law Grantor wales any Nht to plead any statute of limitations as • deferas to any obligation "cured hereby, and Grantor release and wolves all rights and benefits of the lromalead exemption lawns of the, Stale when the property Is located. THI ALLOW FOR THE USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT W VIOLATION OF A AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE FfRSON A I ERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNNG DEPARTMENT T Y AP seta OFFICIAL SM PAU SENWH Cfift11Y'PUIBLiE~9RE@B COMRIBStON N0.31 fE82 MY COMMISSION EXPIRES APR 22, 2002 STATE OF OREGON JJ > ACKNOWLEDGMENT BY INDIVIDUAL Caanyof_J~ ) 1 drdty that I know or have Satisfactory evidence that Ronald Akan Sather It/ers the Indivlduaks) who signed this Instrument In my presence and ackrrowMdgad it to be (his/hsr/IMIr) from end voluntary act for the use pompom m brad In the indrumerd. Dated: (NOTARY MAILIC FOrtTHO SLATE OF 0"ZOPQ My appointment erplna y. ZL • ti_ STATE OF OREGON ) ACKNOWLEDGMENT W A REPRESENTATIVE CAPACITY County of I certify that 1 know or have satlefactory evidence that and ft/ore the IndWuel(a) who Signed this Instrument In my pretence, on oath exiled that (her/she/they) was/Were authored to execute the Instrument and aclrww edged It ac of In'Lhl IB+nm to be the free and voluntary ad of such party for the uses and purposes mentioned In the lmtrumenut. Doted: WARY N&C FOA 1HE STATE OF OFMMMI My appobdment expires To Trustee: REQUEST FOR RECONVEYANCE The undersigned M the holder of the note or notes secured by this Deed of Trust. Said rote or notes, together with d other Indebtedness secured by this Deed of Trust, have been paid In fuel. You are hereby directed to cancel saki note or notes and this Deed of Trust, which are delivered hereby, end to rocmvey, wlbwxA warranty, ell the estate now held by you under tint Deed of Trust to the person or persons legally entitled thareto. Dated; Send Reconveyance To: 1 L ~.`,,`ry^ tt,t r`„4 t. t 'r t r ~t 1{,l i oily . 4y ~ ,~At~~~ x~~ ~ °I +i'~ir~k~~~l`X~~t~11'tz~~~•rti'li t ti ~ ri:y~i~~~•~,~~~I,at, ti'wT~'4~►~~~,~)1~~:~ ~ t i~" ~ ft • "•t1 ' ti , r t ' r {r~' .k t ~f;rf+~t~ 1 t!, t . .fJ ,.r .r • ~ •t !v . ,.::r: •k~ 1l ~N r i. .Ill♦f aril f~ It•~~ 1 . r'ti is t r •'~l', I~'r r+ t l ~ I !~:R L~~h ~ S 1 , ...a .'h.t•.1t! ir, r,. t ►.t-; ~•-11;.j!• t ►t r: Y:i3•.~ .V J Cl fbrF.? t.C•% or - Smo n0 at an hen pti. ~rhieh I a MOM 0. 16' WsK. 2 dW oeeoe of 40.0 tfoM Ond North 99• n, Ewb • dkumm of 20 feet hem Ow South 1 Wesg of the VMIYn 1IDARDVILLe PARK. In 6eetlon 3I% TownrhlP 1 6ofto RIMP and mmnln~ th"06 of WesVA 12f and Sao of OreQ Waoe of = 231 Ea County dl tore. of lu a.t M an l end g 88M lmgU ft at thq (end ho*jo daorbad: thence oo ng • 1• Wag. a dbwwm Harsh @@ mt ntlmvW courw 91.90 feet to an Iro=&D- c West a d~ ncw of 91.60 of Ad.90 feet to eno ia'pt7.o~ t«.t to the U o piece of bepimde0. test: tfianao ttouth a 3 • ~ t at?os 1041 M•. 333-St•.•e4 Nm r„w.M,M Co. hrtf.RN, d• 1117M 7730 I.ac.,,,1r f By 71 WARRANTY uF.F.1~-lyTAT1 f(IItY Fr)RN/ V CUniV"n) I",", - NR.NfoR WILLIAM C. PHILLIPS and MARY F. PHILLIPS Grantor. conveys and warrants to RONALD ALLAN SATHER Grantee, Nte following dea•nhed real prr,perry It" of encumbrances except as specifically set forth herein srtuated in Washington CTTunty, Oregon, to-wit. Beginning at an iron ?ipe which is Norti Oa 19' West, a discance of 40.0 n feet and Nortli 89a 23 East, a distance of 20 feet from ti.e Southwest 00 corner of LOL 9, TICARDVILLE PARK, in Section 35, Township I South, Range 1 West of the Willamette Meridian, Washington County, Jregon and running n thence North 89a 23' East, a distance of 92 feet to an iron pipe and the [ true place of beginning of the land herein described; t;,,ence continuing along s said last mentioned course 91.96 feet to an iron pipe; thence North Oa 21' West, a distance of 86.90 feet to an iron pi?e; thence South 89O 36' West, a distance of 91.88 feet; thence South Oa 19 East 87.07 feet to the true point of beginning------------------------------------------------------ fir S►AC[ iNSU1hUtNT. CONTiNUt O[SCRi►TiON ON 01WISt SIO(I The said property is free from encumbrances except City liens, if any; Statutory powers of Unified Sewerage Agency of Washington County; Conditions, restrictions and reservations of record; and nny liens or encumbrances suffered or permitted by the grantees herein subsequent to January 27, 1.974. The true consideration for this conveyance is s 16 s 5 00 . 00. (Here comply with the requirements of ORS 93.030) Dated this 5 th day of April , 19 76 . 10 - 1.1; p l I. -wi7ii P}iilli s P. -Phillips o Mary STATE OF OREGON, County of Washington )ss. April 5 , 1976 Personally appeared the above named Willi l~ Phillips ) and acknowledged the foregoing instrument to T A". PATRICIA MARIE ERICKSON Before me: NOTARY PUBLIC - ORi N (OFFICIAL SEAL) Notary Public for Oregon-My corr. ission expires: My Commisslon Esplns. l WARRANTY DEED _ I Phillips., William C. & `lacy GRANTOR ` Sather, Ronald Allan STATE OF OREGON ss cR.N.cc • .ooRr•. t.• County of Washington Atht ree"ing morn lei I, Roger T tprSOf, OSractor of Records and Elections and Ex-0fficiO.Recorder of t r . Ronald Allan Sather., .PACK R16CRVEV Conveyances for said county, dohereby cer- 11925 S.W. Lincoln FOR tify tha44:the within instrument of writing Tigard, OR 97223 was recsfved and recorded in book of records. No. 1 N.Y C. ADORES.. ZIP of said County. Until a chanyo Is r.yw.td. all as .tat-R.nh Witness flty hand and teal affixed. awl be sent to " fdlowlnts addr..u Department of Veterans_ Affairs of ROGER THOii0o ;Director fjecords 6 El~BetSons General Services. Building.. Salem, OR pQ K1077 PAU610 Ma 7 lft~ AM N.rr •DDRrN :v U ,.T PACIFIC NORTHWEST TITLE TRI-COUNTY 9020 SW Washington Sq. Rd. PACIFIC NORTHWEST TITLE Suite 120 of Oregon, Inc. Tigard, OR 97223 Title: (503) 671-0505 Fax: (503)643-3746 Escrow: Fax: PRELIMINARY COMMITMENT FOR TITLE INSURANCE September 29, 1999 Order Number: 99176277-W Property Address: 11925 SW Lincoln Avenue Tigard, OR 97223 Acquisition Consultants 6550 SE Morrison Portland, OR 97215 Attention: Gary Knowlton Telephone: (503) 238-6432 Reference: Sather Amount Premium ALTA Owner's Policy (1992) $TO FOLLOW $ 200.00 Minimum Lien Search/Government Service Charge $ 25.00 This is a preliminary billing only; a consolidated statement of all charges, credits, and advances, if any in connection with this order will be provided at closing. Pacific Northwest Title is prepared to issue on request and on recording of the appropriate documents, a policy or policies as applied for, with coverages as indicated, based on this preliminary commitment that as of September 23, 1999 at 5:00 p.m. title of the property described herein is vested in: RONALD ALLAN SATHER Subject only to the exceptions shown herein and to the terms, conditions and exceptions contained in the policy form. This commitment is preliminary to the issuance of a policy of title insurance and shall become null and void unless a policy is issued, and the full premium paid. Description: See Exhibit A attached hereto and made a part hereof. Page 1 of Preliminary Commitment Order No. 99176277-W NIW/Igs SCHEDULE B GENERAL EXCEPTIONS: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interest, easements or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Statutory liens or other liens or encumbrances, or claims thereof, which are not shown by the public records. SPECIAL EXCEPTIONS: 6. 1999-2000 taxes, a lien not yet payable. 7. City liens, if any. We have requested a search and will advise when we have received a response from the City of Tigard. 8. The herein described premises are within the boundaries of and subject to the statutory powers, including the power of assessment, of the Unified Sewerage Agency. 9. Rights of the public in and to any portion of the herein described premises lying within the boundaries of SW Lincoln Avenue. 10. Trust Deed, including the terms and provisions thereof to secure the amount noted below and other amounts secured thereunder, if any: Grantor Ronald Allan Sather Trustee Transnation Title Insurance Co. Beneficiary Bank of America NT & SA Dated November 20, 1998 Recorded November 23, 1998 Fee No. 98 131901 Amount $103,500.00 Loan No. 982951041010 NOTE: Washington County Ordinance No. 193, recorded May 13, 1977 in Washington County, Oregon, imposes a tax of $1.00 per $1,000.00 or fraction thereof on the transfer of real property located within Washington County. NOTE: Taxes paid in full for 1998-99: Levied Amount $1,172.76 Account No. 1 S135DC-01000 Levy Code 023.74 Key No. R276347 Page 2 of Preliminary Commitment Order No. 99176277-W SCHEDULE B If you have any questions regarding this report please contact Nick Whelan at (503) 671-0505. Nick Whelan is located at 9020 SW Washington Sq. Rd., Suite 120 Tigard, OR 97223. PACIFIC NORTHWEST TITLE OF OREGON, INC. By t ~G ~h~ CGe Nick Whelan Title Examiner, Lender Services Telephone (503)350-5019 Fax (503)671-0515 NW:Is cc: City of Tigard (Enclosure) Attn: Vannie Page 3 of Preliminary Commitment Order No. 99176277-W Exhibit A Beginning at an iron pipe which is North 0019' West, a distance of 40.0 feet and North 89023' East, a distance of 20 feet from the Southwest corner of Lot 9, TIGARDVILLE PARK, in Section 35, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon and running thence North 89023' East, a distance of 92 feet to an iron pipe and the true point of beginning of the land herein described; thence continuing along said last mentioned course 91.96 feet to an iron pipe; thence North 0°21' West, a distance of 86.90 feet to an iron pipe; thence South 89036' West, a distance of 91.88 feet; thence South 0019' East 87.07 feet to the true place of beginning. C » 8500 y' 8600 3100 "r~ " I,JI y+ 2 _ sa as z. A+ y x -y 87 L.LI >0 8201 \ 3001 z~2+t t J' 3 .02 Ac. Seat x 3002 • 6700 iia °a v v[ ae > Q so.n 8200 8100 C/AC. Val ' 0 711000 Y F JTAC. .22 Ac. • 3000 -.1 y 7200 - 1 8 0 3200 swo l _ a • 5 z 199 005 a \ .27AC. 8 9 _ 6400 a , 8 + 28A, 6900 e - b as \ 2TAC 7000 N toat: .MSYV"o \ u4.w Jet _ W ,aril a :>4m •arac _ _ _ _ to \ 7300 . 7900 ; z : 33MOAOc T f~ .~1 L r Y Q 6300 - if 6 - \ W (UNRECORDED) 30 i 7 z><n naa• 500 .:y 1 ..s 3 xae µ •',~4 3400 °350D " • .r >7 z u ~ Z .24c. JJA[, e'W _ 27170 / a•L •i''b~ 3.> ~o a.rs > Y a 10 _ .JS AC ,s 8400 7800 .u ~7400 ti .2s+Ac. Y u x >aw b ao,nc -O 6100 - 2600 0 _ 7 y 2 lac sa 26Ae. A '+ta 3600 6600 ~'~a QN1 , ~n g / e *ah ro,a G 00 _ 'l,~ _ >bfS 7700_ % .d2AL. 14 ii 6000 L1 g > wti 8 e 4• _ '3r 0 83C0'. C~ • \ ,'Oi »4.44 • S.W.R •a ...26AC, rat a 4••ar'! \ r_ TANGELA 2602 r Ta°•• - as 3700 Lr c STRE 5900 2601 » 1500 za 7JAC If JeAC [o . . 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A • 4.I~c SS Ae CS 46.SA gf' ; 2200 21000 _ •0 /aA~.~ . ~6ti "9 zla.a< g< .saiL ~s.a_~ <17I C. S= .26AC Zoe • ] 6677" ao m - 4301 •.i=>[ a,za. s og _ 0 8 , 00 , 40 40 . TZAC. b ' t4 ~ 7L.Gj'~l ALJf.//J + / /1i J~A•A' <i w u,a a[Ta[• W.... a I/:. or oo•aa a ~za'. mm ~ }_lyYa - a 4rla L .cap ,o a, 0 4, s . X2101 o a• r • u. o. 62 0 Nsa . 63 <•L.. , n.:-; it - T-VL" 65 1\10rgTH Tl0Ar' i L DD! J AMJ\A-E J\ IDE-D ~ SEE MAP 2S 1 2AB PACIFIC NOR T TITLE of Oregon, Inc. This map is furnished as a convenience by: Pacific Northwest Title of Oregon, Inc. This map is not a survey and does not show the location of any improvements. The company assumes no liability for errors therein. I L PACIFIC NORTHWEST TITLE TRI-COUNTY A`` 9020 SW Washington Sq. Rd. PACIFIC NORTHWEST TITLE Suite 120 of Oregon, Inc. Tigard, OR 97223 Title: (503) 671-0505 Fax: (503)643-3746 Escrow. Fax: PRELIMINARY COMMITMENT FOR TITLE INSURANCE September 29, 1999 Order Number: 99176277-W Property Address: 11925 SW Lincoln Avenue Tigard, OR 97223 Acquisition Consultants 6550 SE Morrison Portland, OR 97215 Attention: Gary Knowlton Telephone: (503) 238-6432 Reference: Sather Amount Premium ALTA Owner's Policy (1992) $TO FOLLOW $ 200.00 Minimum Lien Search/Government Service Charge $ 25.00 This is a preliminary billing only; a consolidated statement of all charges, credits, and advances, if any in connection with this order will be provided at closing. Pacific Northwest Title is prepared to issue on request and on recording of the appropriate documents, a policy or policies as applied for, with coverages as indicated, based on this preliminary commitment that as of September 23, 1999 at 5:00 p.m. title of the property described herein is vested in: RONALD ALLAN SATHER Subject only to the exceptions shown herein and to the terms, conditions and exceptions contained in the policy form. This commitment is preliminary to the issuance of a policy of title insurance and shall become null and void unless a policy is issued, and the full premium paid. Description: See Exhibit A attached hereto and made a part hereof. Page 1 of Preliminary Commitment Order No. 99176277-W NIWAgs SCHEDULE B GENERAL EXCEPTIONS: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interest, easements or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. Statutory liens or other liens or encumbrances, or claims thereof, which are not shown by the public records. SPECIAL EXCEPTIONS: 6. 1999-2000 taxes, a lien not yet payable. 7. City liens, if any. We have requested a search and will advise when we have received a response from the City of Tigard. 8. The herein described premises are within the boundaries of and subject to the statutory powers, including the power of assessment, of the Unified Sewerage Agency. 9. Rights of the public in and to any portion of the herein described premises lying within the boundaries of SW Lincoln Avenue. 10. Trust Deed, including the terms and provisions thereof to secure the amount noted below and other amounts secured thereunder, if any: Grantor Ronald Allan Sather Trustee Transnation Title Insurance Co. Beneficiary Bank of America NT & SA Dated November 20, 1998 Recorded November 23, 1998 Fee No. 98 131901 Amount $103,500.00 Loan No. 982951041010 NOTE: Washington County Ordinance No. 193, recorded May 13, 1977 in Washington County, Oregon, imposes a tax of $1.00 per $1,000.00 or fraction thereof on the transfer of real property located within Washington County. NOTE: Taxes paid in full for 1998-99: Levied Amount $1,172.76 Account No. 1 S135DC-01000 Levy Code 023.74 Key No. R276347 Page 2 of Preliminary Commitment Order No. 99176277-W SCHEDULE B If you have any questions regarding this report please contact Nick Whelan at (503) 671-0505. Nick Whelan is located at 9020 SW Washington Sq. Rd., Suite 120 Tigard, OR 97223. PACIFIC NORTHWEST TITLE OF OREGON, INC. By 'tZrC (k~ C~ Nick Whelan Title Examiner, Lender Services Telephone (503)350-5019 Fax (503)671-0515 NW:Is cc: City of Tigard (Enclosure) Attn: Vannie Page 3 of Preliminary Commitment Order No. 99176277-W Exhibit A Beginning at an iron pipe which is North 0019' West, a distance of 40.0 feet and North 89023' East, a distance of 20 feet from the Southwest corner of Lot 9, TIGARDVILLE PARK, in Section 35, Township 1 South, Range 1 West of the Willamette Meridian, in the County of Washington and State of Oregon and running thence North 89023' East, a distance of 92 feet to an iron pipe and the true point of beginning of the land herein described; thence continuing along said last mentioned course 91.96 feet to an iron pipe; thence North 0°21' West, a distance of 86.90 feet to an iron pipe; thence South 89036' West, a distance of 91.88 feet; thence South 0019' East 87.07 feet to the true place of beginning. _ 9 „ ~ e2o1 y OZ Ac. 3100 87 3 as v WC > 8200 8100 \ . Q ,o.u .12 At. 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C.S. 4rsA U~ 7 . 40AC. g w sr, ba cI" _I 290 [ . v w8 3 + _ .Mi 26-- - $ o _ .[~/l //IIf/I •Iraa eP aft //l/~' a a 4301 c' • YLS.r3~i a...ca'ii >.w as. +o JZ AC. n•ac \ 'na° J~ 65 a=~i„•,q .r srn.ot Ns'.. .p~2f01 sc°.. nor .a ~trclM f°,P. ~~.IOAC , '~-rM ~riaD 1° r03 Z t10NDa'~uA q 6z ~Da. J AmJ\A 5- J` ~lJr~7rl 71q LLB ~~DJ SEE MAP 25 1 ZAB PACIFIC NORTH,V'F_ST TITLE j of Oregon, Inc. t Tale of Oregona Inc. improvements. This map is furnished as a convenience ent show the pacific of anyi~ This map is not a survey and does The company assumes no liability for errors therein-