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2015-100108 ~ Main Street ~ Saxony Washington County,Oregon 201 5-1 001 08 D-E Stn=18 K GRUNEWALD 12/07/2016 10:14:06 AM $35.00$11.00$5.00$5.00$20.00 $76.00 AFTER RECORDING RETURN TO: I,Richard flobernicht.Director of Assessment and Taxation and Ex- Grantee Officio County CNrk for Washington County,Oregon,do hereby certify that the within instrument of writing was received and Oregon DEQ recorded in the book of records of said county. 2020 S W Fourth Ave Ste 400 Richard Hobernicht,Director of Assessment and Taxation.Ex-Officio Portland, OR 97201 Grantor City of Tigard City Hall 13125 SW Hall Blvd Tigard OR 97223 UNTIL A CHANGE IS REQUESTED SEND TAX STATEMENTS TO: (NO CHANGE) This space provided for recorder's use. EASEMENT AND EQUITABLE SERVITUDES This grant of Easement and acceptance of Equitable Servitudes("EES")is made on betimloaz,. $ 2015,between the City of Tigard("Grantor")and the State of Oregon,acting by and through the Oregon Department of Environmental Quality("DEQ"or"Grantee"). RECITALS A. Grantor is the owner of certain real property located at 12533, 12535,and 12537 SW Main Street,Tigard,OR 97223 in Washington County, Oregon in Washington County Tax Map#s 2S102AB02000 and 2S102AB02100,Tax Lot 2000 and 2100 (the"Property")the location of which is more particularly described in Exhibit A to this EES. Interested parties may contact the Northwest Region office to review a detailed description of the risks from contamination remaining at the Property and described in the site characterization report prepared on behalf of Grantor by AMEC Environment&Infrastructure,Inc. B. On May 5,2015,Grantor entered into a Consent Judgment, with DEQ,under which Grantor agreed to implement certain remedial action,including the required institutional controls. C. This EES is intended to further the implementation of the selected remedial action and protect human health and the environment. D. Nothing in this Easement and Equitable Servitude constitutes an admission by Grantor of any liability for the contamination described in the Easement and Equitable Servitude. 1. DEFINITIONS 1.1 "Acceptable risk level"has the meaning set forth in Oregon Revised Statute (ORS)465.315 and Oregon Administrative Rule (OAR)340-122-0115. Easement and Equitable Servitudes Page 1 of 7 City of Tigard AFTER RECORDING RETURN TO: Grantee Oregon DEQ 2020 SW Fourth Ave, Ste 400 Portland, OR 97201 Grantor City of Tigard City Hall 13125 SW Hall Blvd Tigard OR 97223 UNTIL A CHANGE IS REQUESTED SEND TAX STATEMENTS TO: (NO CHANGE) This space provided for recorder's use. EASEMENT AND EQUITABLE SERVITUDES This grant of Easement and acceptance of Equitable Servitudes ("EES") is made on 1bQ.wn10.en a A 2015, between the City of Tigard("Grantor") and the State of Oregon, acting by and througfi the Oregon Department of Environmental Quality("DEQ"or"Grantee"). RECITALS A. Grantor is the owner of certain real property located at 12533, 12535, and 12537 SW Main Street, Tigard, OR 97223 in Washington County, Oregon in Washington County Tax Map#s 2S102AB02000 and 2S102AB02100, Tax Lot 2000 and 2100 (the"Property")the location of which is more particularly described in Exhibit A to this EES. Interested parties may contact the Northwest Region office to review a detailed description of the risks from contamination remaining at the Property and described in the site characterization report prepared on behalf of Grantor by AMEC Environment& Infrastructure, Inc. B. On May 5, 2015, Grantor entered into a Consent Judgment, with DEQ,under which Grantor agreed to implement certain remedial action, including the required institutional controls. C. This EES is intended to further the implementation of the selected remedial action and protect human health and the environment. D. Nothing in this Easement and Equitable Servitude constitutes an admission by Grantor of any liability for the contamination described in the Easement and Equitable Servitude. 1. DEFINITIONS 1.1 "Acceptable risk level"has the meaning set forth in Oregon Revised Statute (ORS)465.315 and Oregon Administrative Rule(OAR)340-122-0115. Easement and Equitable Servitudes Page 1 of 7 City of Tigard 1.2 "Beneficial use"has the meaning set forth in OAR 340-122-0115. 1.3 "DEQ"means the Oregon Department of Environmental Quality, and its employees, agents, and authorized representatives. "DEQ"also means any successor or assign of DEQ under the laws of Oregon, including but not limited to any entity or instrumentality of the State of Oregon authorized to perform any of the functions or to exercise any of the powers currently performed or exercised by DEQ. 1.4 "Ecological receptor"has the meaning set forth in OAR 340-122-0115. 1.5 "Engineering control"has the meaning set forth in OAR 340-122-0115. 1.6 "Hazardous substance"has the meaning set forth in ORS 465.200. 1.7 "Owner"means any person or entity, including Grantor, who at any time owns, occupies, or acquires any right,title, or interest in or to any portion of the Property or a vendee's interest of record to any portion of the Property,including any successor, heir, assign or holder of title or a vendee's interest of record to any portion of the Property, but excluding any entity or person who holds such interest solely for the security for the payment of an obligation and does not possess or control use of the Property. 1.8 "Remedial Action"has the meaning set forth in ORS 465.200 and OAR 340-122- 0115. 2. GENERAL DECLARATION 2.1 Grantor, in consideration of Grantee's approval of the Consent Judgment described above, grants to DEQ an Easement for access and accepts the Equitable Servitudes described in this instrument and, in so doing, declares that the Property is now subject to and must in the future be conveyed,transferred, leased, encumbered, occupied, built upon, or otherwise used or improved, in whole or in part, subject to this EES. 2.2 Each condition and restriction set forth in this EES touches and concerns the Property and the equitable servitudes granted in Section 3 and easement granted in Section 4 below,runs with the land for all purposes, is binding upon all current and future owners of the Property as set forth in this EES, and inures to the benefit of the State of Oregon. Grantor further conveys to DEQ the perpetual right to enforce the conditions and restrictions set forth in this EES. 3. EQUITABLE SERVITUDES (REQUIRED ACTIONS AND RESTRICTIONS ON USE) 3.1 Groundwater Use Restrictions. Owner may not extract through wells or by other means or use the groundwater at the Property for consumption or other beneficial use. This prohibition does not apply to extraction of groundwater associated with groundwater treatment or monitoring activities approved by DEQ or to temporary dewatering activities related to Easement and Equitable Servitudes Page 2 of 7 City of Tigard construction, development, or the installation of sewer or utilities at the Property. Owner must conduct a waste determination on any groundwater that is extracted during such monitoring, treatment, or dewatering activities and handle, store and manage waste water according to applicable laws. 3.2 Vapor Barrier Engineering Control Use Restrictions. Owner must maintain a vapor mitigation system, for any structure that may be constructed on the Property. Except upon prior written approval from DEQ, Owner must not conduct operations on the Property or use the Property in any way that will or likely will penetrate the vapor mitigation system, including the vapor barrier, or jeopardize the vapor barrier's protective function as an engineering control that prevents intrusion of sub-slab vapor at concentrations exceeding applicable risk-based concentrations, including without limitation any excavation, drilling, scraping, or erosion. 3.3 Contaminated Media Management Plan. Prior to any building demolition, Owner will prepare a contaminated media management plan for use by contractor working at the site. 3.4 Building Demolition. Following any building demolition, Owner will perform additional environmental investigation to evaluate whether soil cleanup work may be necessary to reduce or eliminate the need for the vapor mitigation system. 3.4.1 The additional investigation will consist of approximately five soil gas sample points with follow-up soil and groundwater sampling, with locations proposed to DEQ for concurrence. Any contaminated soils will be removed to reduce or eliminate future risk from on-site sources. 3.4.2 If additional groundwater investigation is determined to be necessary, then groundwater sampling may include three to four groundwater monitoring wells, which will be sampled for up to four quarters. As an additional push probe groundwater sample points may be installed with DEQ approval. 3.5 Warnings. Owner will post warning signs at the Property as necessary to warn of potential hazards of exposure to contaminants at levels that exceed acceptable risk levels. 3.6 Use of the Property. Owner may not occupy or allow other parties to occupy the Property unless the controls listed in this Section 3 are maintained. 4. EASEMENT (RIGHT OF ENTRY) During reasonable hours and subject to reasonable security requirements,DEQ may enter upon and inspect any portion of the Property to determine whether the requirements of this EES have been or are being complied with. Except when necessary to address an imminent threat to human health or the environment, DEQ will use its best efforts to notify the Owner 72 hours before DEQ entry to the Property. DEQ may enter upon the Property at any time to abate, mitigate, or cure at the expense of the Owner the violation of any condition or restriction contained in this EES,provided DEQ first gives written notice of the violation to Owner describing what is necessary to correct the violation and Owner fails to cure the violation within Easement and Equitable Servitudes Page 3 of 7 City of Tigard the time specified in such notice. Any such entry by DEQ to evaluate compliance or to abate, mitigate, or cure a violation may not be deemed a trespass. 5. RELEASE OF RESTRICTIONS 5.1 Owner may request release of any or all of the conditions or restrictions contained in this EES by submitting such request to the DEQ in writing with evidence that the conditions or restrictions are no longer necessary to protect human health and the environment. The decision to release any or all of the conditions or restrictions in this EES will be within the sole discretion of DEQ. 5.2 Upon a determination pursuant to Subsection 5.1, DEQ will, as appropriate, execute and deliver to Owner a release of specific conditions or restrictions, or a release of this EES in its entirety. 6. GENERAL PROVISIONS 6.1 Notice of Transfer/Change of Use. Owner must notify DEQ within 10 days after the effective date of any conveyance, grant, gift, or other transfer, in whole or in part, of Owner's interest in or occupancy of the Property. Such notice must include the full name and address of the Party to whom Owner has transferred an interest or right of occupancy. In addition, Owner must notify DEQ a minimum of 10 days before the effective date of any change in use of the Property that might expose human or ecological receptors to hazardous substances. Such notice must include complete details of any planned development activities or change in use. Notwithstanding the foregoing, Owner may not commence any development inconsistent with the conditions or restrictions in Section 3 without prior written approval from DEQ as provided in Subsection 3 of this EES or removal of the condition or restriction as provided in Subsection 5.1. This subsection does not apply to the grant or conveyance of a security interest in the Property. 6.2 Zoning Changes. Owner must notify DEQ no less than 30 days before Owner's petitioning for or filing of any document initiating a rezoning of the Property that would change the base zone of the Property under the Washington County or City of Tigard zoning code for any successor code. As of the date of this EES, the base zone of the Property is Mixed-Use Central Business District(MU-CBD). 6.3 Cost Recovery. Owner will pay DEQ's costs for review and oversight of implementation of and compliance with the provisions in this EES, including but not limited to periodic review and tracking of actions required by this EES. This EES constitutes the binding agreement by the Owner to reimburse DEQ for all such eligible review and oversight costs. DEQ will establish a cost recovery account for tracking and invoicing DEQ project costs. DEQ will provide the Owner with a monthly statement and direct labor summary. DEQ costs will include direct and indirect costs. Direct costs include site-specific expenses and legal costs. Indirect costs are those general management and support costs of the State of Oregon and DEQ allocable to DEQ oversight of this EES and not charged as direct site-specific costs. Indirect charges are based on actual costs and are applied as a percentage of direct personal services costs. Easement and Equitable Servitudes Page 4 of 7 City of Tigard 6.4 Inspection and Reporting. Owner will immediately notify DEQ of any condition or occurrence at the Property that does not conform with provisions of this EES. In addition, Owner will maintain records documenting inspection and reporting as outlined in the DEQ approved Consent Judgment. Owner will submit inspector records to DEQ within 30 days of receipt of a notice letter from DEQ of its periodic review of compliance with this EES. Reports provided to DEQ in response to this notification must include sufficient detail to allow DEQ to determine compliance with EES requirements, and include a photographic log that supports the report's narrative. 6.5 Reference in Deed. A reference to this EES, including its location in the public records,must be recited in any deed conveying the Property or any portion of the Property. Each condition and restriction contained in this EES runs with the land so burdened until such time as the condition or restriction is removed by written certification from DEQ, recorded in the deed records of the County in which the Property is located, certifying that the condition or restriction is no longer required to protect human health or the environment. 6.6 Effect of Recording. Upon the recording of this EES, all future Owners are conclusively deemed to have consented and agreed to every condition and restriction contained in this EES, whether or not any reference to this EES is contained in an instrument by which such person or entity occupies or acquires an interest in the Property. 6.7 Enforcement and Remedies. Upon any violation of any condition or restriction contained in this EES,the State of Oregon, in addition to the remedies described in Section 4, may enforce this EES as provided in the Consent Judgment or seek available legal or equitable remedies to enforce this EES, including civil penalties as set forth in ORS 465.900. 6.8 IN WITNESS WHEREOF Grantor and Grantee have executed this Easement and Equitable Servitude as of the date and year first set forth above. BY SIGNATURE BELOW, THE STATE OF OREGON APPROVES AND ACCEPTS THIS CONVEYANCE PURSUANT TO ORS 93.808. GRANTOR: City of Tigard Date: I.2, ..3-o(5-- Marty Wine, ity Manager [Signature and Acknowledgments Continued on Next Page] Easement and Equitable Servitudes Page 5 of 7 City of Tigard STATE OF OREGON ) ss. County of/I 7jyt_) ) The foregoing instrument is acknowledged before me this --7Zay of /Lk c.p__,11 ) , 20 1ST by Marty Wine, City Manager for the City of Tigard, on its behalf. r�1 _ � ♦.+, OFFICIAL SEAL - - _ J NORMA I ALLEY NOTARY PUBLIC-OREGON O COMMISSION N0.465295 ! EXHIBIT A Legal Description of the Property Prelun nary Report Order No.:7072-2237910 Page 7 of 7 Exhibit"A" Real property in the County of Washington,State of Oregon,described as follows: PARCEL I: BEGINNING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM NO.37 IN TOWNSHIP 2 SOUTH,RANGE 1 WEST,WILLAMETTE MERIDIAN,WASHINGTON COUNTY,OREGON. AND RUNNING THENCE SOUTH 45°00'WEST ON LINE BETWEEN THE SAID JOHN HICKLIN DONATION LAND CLAIM AND THE GEORGE RICHARDSON DONATION LAND CLAIM,A DISTANCE OF 1807.1 FEET TO A POINT;THENCE SOUTH 45°00'EAST ALONG THE EAS 11RLY LINE OF THAT CERTAIN TRACT OF LAND CONVEYED TO EMIL A.AND OLIVIA T.JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069,WASHINGTON COUNTY, DEED RECORDS A DISTANCE OF 131.0 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT;THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 45°00'EAST ALONG THE EASTERLY LINE OF SAID JOHNSON TRACT A DISTANCE OF 93.0 FEET TO A POINT ON THE NORTHERLY UNE OF THE PACIFIC HIGHWAY;THENCE FOLLOWING SAID NORTHERLY LINE OF THE PACIFIC HIGHWAY ON A 5730.0 FOOT RADIUS CURVE TO THE RIGHT(THE LONG CHORD OF WHICH BEARS SOUTH 57°31'WEST 23.5 FEET)23.5 FEET TO A POINT MARKED BY AN IRON HIGHWAY RIGHT OF WAY MARKER;THENCE SOUTH 57°38'WEST ALONG SAID RIGHT OF WAY LINE 145.0 FEET TO A POINT IN THE CENTER OF FANNO CREEK;THENCE NORTH 36°30'WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 78.6 FEET TO A POINT;THENCE NORTH 55°52'WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 6.1 FEET TO A POINT;THENCE NORTH 55°09'EAST ALONG THE HIGHWAY RIGHT OF WAY LINE A DISTANCE OF 156.4 FEET TO THE POINT OF BEGINNING. PARCEL II: BEGINNING AT AN IRON PIPE MARKING THE NORTHEAST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM IN TOWNSHIP 2 SOUTH, RANGE 1 WEST,WILLAMLI it MERIDIAN, WASHINGTON COUNTY,OREGON. AND RUNNING THENCE SOUTH 45°18'WEST ALONG THE DONATION LAND CLAIM LINE 1814.5 FEET TO THE MOST WESTERLY CORNER OF LOT 15 OF ELECTRIC ADDITION TO TIGARDVILLE(PLAT BOOK 2,PAGE 0042),A DULY RECORDED SUBDIVISION IN WASHINGTON COUNTY,OREGON;THENCE SOUTH 44°47'EAST ON THE SOUTHWESTERLY LINE OF SAID LOT 15 AND THE NORTHEASTERLY LINE OF A TRACT OF LAND CONVEYED TO EMIL JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069 OF WASHINGTON COUNTY DEED RECORDS, 131.0 FEET TO THE WESTERLY CORNER OF THE SOUTHEAS i tRLY 1/2 OF SAID LOT 15 AND THE TRUE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT;THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 44°47'EAST ON SAID SOUTHWES I ERLY LINE OF LOT 15 A DISTANCE OF 96.0 FEET TO THE NORTHERLY LINE OF THE OLD TAYLORS FERRY ROAD;THENCE NORTH 60°12'EAST ON SAID ROAD LINE 22.2 FEET TO AN IRON; THENCE NORTH 36°10'WEST 48.3 FEET TO AN IRON;THENCE NORTH 60°12'EAST 40.1 FEET TO AN IRON;THENCE NORTH 36°10'WEST 65,0 FEET TO AN IRON ON THE EASTERLY BOUNDARY OF THE STATE HIGHWAY;THENCE SOUTH 45°14'WEST ALONG SAID LINE,77.24 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM A PORTION OF A LAND CONVEY TO THE CITY OF TIGARD,WASHINGTON COUNTY,OREGON FOR ROAD OR SI KEET PURPOSES RECORDED ON SEPTEMBER 13,2012 AS FEE NO. 2012 076047 NOTE:This legal description was created prior to January 1,2008. fiat American Title Easement and Equitable Servitudes Page 7 of 7 City of Tigard •V r•, First American Title Company of Oregon '; 9200 SE Sunnybrook Blvd.,Ste 400 100‘. First American Clackamas,OR 97015 Phn- (503)659-0069 Fax- (866)902-9870 City of Tigard, a Municipal Corporation July 09, 2015 City of Tigard, Attn: Kenny Asher, 13125 SW Hall Blvd. File No.: 7072-2237910 (jrw) Tigard, OR 97223 Re: Property: 12533, 12535, 12537 SW Main Street, Tigard, OR 97224 The closing of the above referenced transaction is now complete. For your records we enclose the following: (Keep these instruments in a safe place as some of them cannot be replaced.) • Final HUD-I Statement and/or Settlement Statement • Original Recorded Warranty Deed Your Deed and Policy of Title Insurance will be forwarded separately. If checks are included in this package, p/ease negotiate as soon as possible. Should you have any questions or -ed her assistance, please contact the undersigned. irst Am= •e• ltle Co-•p• y of Oregon Mary a stant for Julie Wright, Escrow Officer First American Tide Company of Oregon AV, First American 9200 SE Sunnybrook Blvd., Ste 400•Clackamas,OR 97015 Office Phone:(503)659-0069 Office Fax:(866)902-9870 Buyer's Final Settlement Statement Property: 12533, 12535, 12537 SW Main Street, Tigard, File No: 7072-2237910 OR 97224 Officer: Julie Wright/am Settlement Date: Disbursement Date: 07/09/2015 Print Date: 07/09/2015, 2:13 PM Buyer: City of Tigard, a Municipal Corporation Address: City of Tigard, Attn: Kenny Asher, 13125 SW Hall Blvd., Tigard, OR 97223 Seller: Beutler Exchange Group, LLC as Qualified Intermediary for Saxony-Pacific, LLC Address: C/O Hans Finke, PO Box 1565, Wilsonville, OR 97070 Charge Description Buyer Charge Buyer Credit Consideration: Total Consideration 515,500.00 Deposits in Escrow: Receipt No. 707263076 on 04/16/2014 by City Center Redevelopment Agency 10,000.00 transfer from 1963757 Receipt No. 707272765 on 07/09/2015 by City of Tigard, a Municipal Corporation 514,213.57 Adjustments: _Security Deposit OR Dr Axle lease 300.00 Est.water and sewer 49.00- Hillers lease 49.00 Dr Axle Lease-Dep towards LMR 1,100.00 Prorations: County Tax 07/01/15 to 07/09/15 @$4497.59/yr 98.58 Rents-OR Driveaxle 07/01/15 to 07/09/15 @$1665.00/mo 429.67 Rent-Hillers Emblem 07/09/15 to 08/01/15 @$1300.00/mo 964.52 Commission: Commission Paid at Settlement to Jones, Lang& LaSalle 10,125.00 Title/Escrow Charges to: E-recording Fee to First American Title Company of Oregon 5.00 Escrow/Closing Fee to First American Title Company of Oregon 600.00 Record Special Warranty deed to First American Title Company of Oregon 66.00 Totals 526,725.67 526,725.67 u First Americ n Title Company of Oregon J ie igh Page 1 of 1 . •` •"' • •, Owner's Policy of Title Insurance "„ 'S " First American ISSUED BY First American Title Insurance Company POLICY NUMBER Owner's Policy 5011400-2237910 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title.This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence,duress, incompetency, incapacity,or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created,executed, witnessed, sealed,acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified,expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) 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. The term"encroachment"includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. (Covered Risks Continued on Page 2) In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in Schedule A. First American Title Insurance Company /1i/4 .0441 ki 1:34-Aeld-e9-71," Jeffrey S Rnb:nscin Secrerary (This Policy is valid only when Schedules A and B are attached) This Jacket was created electronically and constitutes an original document Copyright 2006-2009 American Land Title Association.All rights reserved.The use of this form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited.Reprinted under license from the American Land Title Association Form 5011400(7-1-14) Page 1 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) COVERED RISKS(Continued) 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy,state insolvency, or similar creditors'rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency,or similar creditors'rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys'fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of Records at Date of Policy, but Known to the Insured Claimant this policy, and the Company will not pay loss or damage, costs, and not disclosed in writing to the Company by the Insured attorneys'fees,or expenses that arise by reason of: Claimant prior to the date the Insured Claimant became an 1. (a) Any law, ordinance, permit, or governmental regulation Insured under this policy; (including those relating to building and zoning) restricting, (c) resulting in no loss or damage to the Insured Claimant; regulating, prohibiting,or relating to (d) attaching or created subsequent to Date of Policy (however, (i) the occupancy, use,or enjoyment of the Land; this does not modify or limit the coverage provided under (ii) the character, dimensions, or location of any Covered Risk 9 and 10); or improvement erected on the Land; (e) resulting in loss or damage that would not have been (iii) the subdivision of land;or sustained if the Insured Claimant had paid value for the Title. (iv) environmental protection; 4. Any claim, by reason of the operation of federal bankruptcy, state or the effect of any violation of these laws, ordinances, or insolvency, or similar creditors' rights laws, that the transaction governmental regulations. This Exclusion 1(a) does not vesting the Title as shown in Schedule A, is modify or limit the coverage provided under Covered Risk 5 (a) a fraudulent conveyance or fraudulent transfer; or (b) Any governmental police power. This Exclusion 1(b) does (b) a preferential transfer for any reason not stated in Covered not modify or limit the coverage provided under Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed Risk 6. by governmental authority and created or attaching between Date 2. Rights of eminent domain. This Exclusion does not modify or of Policy and the date of recording of the deed or other instrument limit the coverage provided under Covered Risk 7 or 8. of transfer in the Public Records that vests Title as shown in 3. Defects, liens, encumbrances,adverse claims,or other matters Schedule A. (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Form 5011400(7-1-14) Page 2 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) CONDITIONS 1. DEFINITION OF TERMS notice of matters relating to real property to purchasers for The following terms when used in this policy mean: value and without Knowledge. With respect to Covered Risk (a) "Amount of Insurance": The amount stated in Schedule A, 5(d), "Public Records" shall also include environmental as may be increased or decreased by endorsement to this protection liens filed in the records of the clerk of the United policy, increased by Section 8(b), or decreased by Sections States District Court for the district where the Land is located. 10 and 11 of these Conditions. (j) "Title": The estate or interest described in Schedule A. (b) "Date of Policy": The date designated as"Date of Policy"in (k) "Unmarketable Title": Title affected by an alleged or apparent Schedule A. matter that would permit a prospective purchaser or lessee of (c) "Entity": A corporation, partnership, trust, limited liability the Title or lender on the Title to be released from the company, or other similar legal entity. obligation to purchase, lease, or lend if there is a contractual (d) "Insured": The Insured named in Schedule A. condition requiring the delivery of marketable title. (i) The term "Insured"also includes 2. CONTINUATION OF INSURANCE (A) successors to the Title of the Insured by The coverage of this policy shall continue in force as of Date of operation of law as distinguished from purchase, Policy in favor of an Insured, but only so long as the Insured including heirs, devisees, survivors, personal retains an estate or interest in the Land, or holds an obligation representatives, or next of kin; secured by a purchase money Mortgage given by a purchaser from (B) successors to an Insured by dissolution, merger, the Insured, or only so long as the Insured shall have liability by consolidation, distribution, or reorganization; reason of warranties in any transfer or conveyance of the Title. (C) successors to an Insured by its conversion to This policy shall not continue in force in favor of any purchaser another kind of Entity; from the Insured of either (i) an estate or interest in the Land, or (D) a grantee of an Insured under a deed delivered (ii) an obligation secured by a purchase money Mortgage given to without payment of actual valuable consideration the Insured. conveying the Title 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT (1) if the stock, shares, memberships, or other The Insured shall notify the Company promptly in writing (i) in equity interests of the grantee are wholly- case of any litigation as set forth in Section 5(a) of these owned by the named Insured, Conditions, (ii) in case Knowledge shall come to an Insured (2) if the grantee wholly owns the named hereunder of any claim of title or interest that is adverse to the Insured, Title, as insured, and that might cause loss or damage for which (3) if the grantee is wholly-owned by an the Company may be liable by virtue of this policy, or (iii) if the affiliated Entity of the named Insured, Title, as insured, is rejected as Unmarketable Title. If the Company provided the affiliated Entity and the named is prejudiced by the failure of the Insured Claimant to provide Insured are both wholly-owned by the same prompt notice, the Company's liability to the Insured Claimant person or Entity,or under the policy shall be reduced to the extent of the prejudice. (4) if the grantee is a trustee or beneficiary of a 4. PROOF OF LOSS trust created by a written instrument In the event the Company is unable to determine the amount of established by the Insured named in loss or damage, the Company may, at its option, require as a Schedule A for estate planning purposes. condition of payment that the Insured Claimant furnish a signed (ii) With regard to (A), (B), (C), and (D) reserving, proof of loss. The proof of loss must describe the defect, lien, however, all rights and defenses as to any successor encumbrance, or other matter insured against by this policy that that the Company would have had against any constitutes the basis of loss or damage and shall state, to the predecessor Insured. extent possible, the basis of calculating the amount of the loss or (e) "Insured Claimant": An Insured claiming loss or damage. damage. (f) "Knowledge" or "Known": Actual knowledge, not 5. DEFENSE AND PROSECUTION OF ACTIONS constructive knowledge or notice that may be imputed to (a) Upon written request by the Insured, and subject to the an Insured by reason of the Public Records or any other options contained in Section 7 of these Conditions, the records that impart constructive notice of matters affecting Company, at its own cost and without unreasonable delay, the Title. shall provide for the defense of an Insured in litigation in (g) "Land": The land described in Schedule A, and affixed which any third party asserts a claim covered by this policy improvements that by law constitute real property. The adverse to the Insured.This obligation is limited to only those term "Land"does not include any property beyond the lines stated causes of action alleging matters insured against by of the area described in Schedule A, nor any right, title, this policy. The Company shall have the right to select interest, estate, or easement in abutting streets, roads, counsel of its choice (subject to the right of the Insured to avenues, alleys, lanes, ways, or waterways, but this does object for reasonable cause) to represent the Insured as to not modify or limit the extent that a right of access to and those stated causes of action. It shall not be liable for and will from the Land is insured by this policy. not pay the fees of any other counsel. The Company will not (h) "Mortgage": Mortgage, deed of trust, trust deed, or other pay any fees, costs, or expenses incurred by the Insured in security instrument, including one evidenced by electronic the defense of those causes of action that allege matters not means authorized by law. insured against by this policy. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive Form 5011400(7-1-14) Page 3 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) CONDITIONS(Continued) (b) The Company shall have the right, in addition to the 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; options contained in Section 7 of these Conditions, at its TERMINATION OF LIABILITY own cost, to institute and prosecute any action or In case of a claim under this policy, the Company shall have the proceeding or to do any other act that in its opinion may be following additional options: necessary or desirable to establish the Title, as insured, or (a) To Pay or Tender Payment of the Amount of Insurance. to prevent or reduce loss or damage to the Insured. The To pay or tender payment of the Amount of Insurance under Company may take any appropriate action under the terms this policy together with any costs, attorneys' fees, and of this policy, whether or not it shall be liable to the expenses incurred by the Insured Claimant that were Insured. The exercise of these rights shall not be an authorized by the Company up to the time of payment or admission of liability or waiver of any provision of this tender of payment and that the Company is obligated to pay. policy. If the Company exercises its rights under this Upon the exercise by the Company of this option, all liability subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a and obligations of the Company to the Insured under this defense as required or permitted by this policy, the policy, other than to make the payment required in this Company may pursue the litigation to a final determination subsection, shall terminate, including any liability or obligation by a court of competent jurisdiction, and it expressly to defend, prosecute, or continue any litigation. reserves the right, in its sole discretion, to appeal any (b) To Pay or Otherwise Settle With Parties Other Than the adverse judgment or order. Insured or With the Insured Claimant. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (i) To pay or otherwise settle with other parties for or in the (a) In all cases where this policy permits or requires the name of an Insured Claimant any claim insured against Company to prosecute or provide for the defense of any under this policy. In addition, the Company will pay any action or proceeding and any appeals, the Insured shall costs, attorneys' fees, and expenses incurred by the secure to the Company the right to so prosecute or provide Insured Claimant that were authorized by the Company defense in the action or proceeding, including the right to up to the time of payment and that the Company is use, at its option, the name of the Insured for this purpose. obligated to pay; or Whenever requested by the Company, the Insured, at the (ii) To pay or otherwise settle with the Insured Claimant the Company's expense, shall give the Company all reasonable loss or damage provided for under this policy, together aid (i) in securing evidence, obtaining witnesses, with any costs, attorneys' fees, and expenses incurred prosecuting or defending the action or proceeding, or by the Insured Claimant that were authorized by the effecting settlement, and (ii) in any other lawful act that in Company up to the time of payment and that the the opinion of the Company may be necessary or desirable Company is obligated to pay. to establish the Title or any other matter as insured. If the Upon the exercise by the Company of either of the options Company is prejudiced by the failure of the Insured to furnish the required cooperation,the Company's obligations provided for in subsections (b)(i) or (ii), the Company's to the Insured under the policy shall terminate, including obligations to the Insured under this policy for the claimed any liability or obligation to defend, prosecute, or continue loss or damage, other than the payments required to be any litigation, with regard to the matter or matters made, shall terminate, including any liability or obligation to requiring such cooperation. defend, prosecute, or continue any litigation. (b) The Company may reasonably require the Insured Claimant 8. DETERMINATION AND EXTENT OF LIABILITY to submit to examination under oath by any authorized This policy is a contract of indemnity against actual monetary loss representative of the Company and to produce for or damage sustained or incurred by the Insured Claimant who has examination, inspection, and copying, at such reasonable suffered loss or damage by reason of matters insured against by times and places as may be designated by the authorized this policy. representative of the Company, all records, in whatever (a) The extent of liability of the Company for loss or damage medium maintained, including books, ledgers, checks, under this policy shall not exceed the lesser of memoranda, correspondence, reports,e-mails,disks,tapes, (i) the Amount of Insurance; or and videos whether bearing a date before or after Date of (ii) the difference between the value of the Title as insured Policy, that reasonably pertain to the loss or damage. and the value of the Title subject to the risk insured Further, if requested by any authorized representative of against by this policy. the Company, the Insured Claimant shall grant its (b) If the Company pursues its rights under Section 5 of these permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these Conditions and is unsuccessful in establishing the Title, as records in the custody or control of a third party that insured, reasonably pertain to the loss or damage. All information (i) the Amount of Insurance shall be increased by 10%, and designated as confidential by the Insured Claimant (ii) the Insured Claimant shall have the right to have the provided to the Company pursuant to this Section shall not loss or damage determined either as of the date the be disclosed to others unless, in the reasonable judgment claim was made by the Insured Claimant or as of the of the Company, it is necessary in the administration of the date it is settled and paid. claim. Failure of the Insured Claimant to submit for (c) In addition to the extent of liability under (a) and (b), the examination under oath, produce any reasonably requested Company will also pay those costs, attorneys' fees, and information, or grant permission to secure reasonably expenses incurred in accordance with Sections 5 and 7 of necessary information from third parties as required in this these Conditions. subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. Form 5011400(7-1-14) Page 4 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) CONDITIONS(Continued) 9. LIMITATION OF LIABILITY Association ("Rules"). Except as provided in the Rules, there shall (a) If the Company establishes the Title, or removes the be no joinder or consolidation with claims or controversies of alleged defect, lien, or encumbrance, or cures the lack of other persons. Arbitrable matters may include, but are not limited a right of access to or from the Land, or cures the claim to, any controversy or claim between the Company and the of Unmarketable Title, all as insured, in a reasonably Insured arising out of or relating to this policy, any service in diligent manner by any method, including litigation and connection with its issuance or the breach of a policy provision, the completion of any appeals, it shall have fully or to any other controversy or claim arising out of the transaction performed its obligations with respect to that matter and giving rise to this policy. All arbitrable matters when the Amount shall not be liable for any loss or damage caused to the of Insurance is $2,000,000 or less shall be arbitrated at the Insured. option of either the Company or the Insured. All arbitrable (b) In the event of any litigation, including litigation by the matters when the Amount of Insurance is in excess of Company or with the Company's consent, the Company $2,000,000 shall be arbitrated only when agreed to by both the shall have no liability for loss or damage until there has Company and the Insured. Arbitration pursuant to this policy and been a final determination by a court of competent under the Rules shall be binding upon the parties. Judgment jurisdiction, and disposition of all appeals, adverse to the upon the award rendered by the Arbitrator(s) may be entered in Title,as insured. any court of competent jurisdiction. (c) The Company shall not be liable for loss or damage to the 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE Insured for liability voluntarily assumed by the Insured in CONTRACT settling any claim or suit without the prior written consent (a) This policy together with all endorsements, if any, attached of the Company. to it by the Company is the entire policy and contract 10. REDUCTION OF INSURANCE; REDUCTION OR between the Insured and the Company. In interpreting any TERMINATION OF LIABILITY provision of this policy, this policy shall be construed as a All payments under this policy, except payments made for whole. costs, attorneys'fees, and expenses, shall reduce the Amount (b) Any claim of loss or damage that arises out of the status of of Insurance by the amount of the payment. the Title or by any action asserting such claim shall be 11. LIABILITY NONCUMULATIVE restricted to this policy. The Amount of Insurance shall be reduced by any amount the (c) Any amendment of or endorsement to this policy must be in Company pays under any policy insuring a Mortgage to which writing and authenticated by an authorized person, or exception is taken in Schedule B or to which the Insured has expressly incorporated by Schedule A of this policy. agreed, assumed, or taken subject, or which is executed by an (d) Each endorsement to this policy issued at any time is made Insured after Date of Policy and which is a charge or lien on a part of this policy and is subject to all of its terms and the Title, and the amount so paid shall be deemed a payment provisions. Except as the endorsement expressly states, it to the Insured under this policy. does not (i) modify any of the terms and provisions of the 12. PAYMENT OF LOSS policy, (ii) modify any prior endorsement, (iii) extend the When liability and the extent of loss or damage have been Date of Policy,or(iv)increase the Amount of Insurance. definitely fixed in accordance with these Conditions, the 16. SEVERABILITY payment shall be made within 30 days. In the event any provision of this policy, in whole or in part, is 13. RIGHTS OF RECOVERY UPON PAYMENT OR held invalid or unenforceable under applicable law, the policy SETTLEMENT shall be deemed not to include that provision or such part held to (a) Whenever the Company shall have settled and paid a be invalid, but all other provisions shall remain in full force and claim under this policy, it shall be subrogated and entitled effect. to the rights of the Insured Claimant in the Title and all 17. CHOICE OF LAW; FORUM other rights and remedies in respect to the claim that the (a) Choice of Law: The Insured acknowledges the Company has Insured Claimant has against any person or property, to underwritten the risks covered by this policy and the extent of the amount of any loss, costs, attorneys' determined the premium charged therefor in reliance upon fees, and expenses paid by the Company. If requested by the law affecting interests in real property and applicable to the Company, the Insured Claimant shall execute the interpretation, rights, remedies, or enforcement of documents to evidence the transfer to the Company of policies of title insurance of the jurisdiction where the'Land these rights and remedies. The Insured Claimant shall is located. permit the Company to sue, compromise, or settle in the Therefore, the court or an arbitrator shall apply the law of name of the Insured Claimant and to use the name of the the jurisdiction where the Land is located to determine the Insured Claimant in any transaction or litigation involving validity of claims against the Title that are adverse to the these rights and remedies. Insured and to interpret and enforce the terms of this If a payment on account of a claim does not fully cover policy. In neither case shall the court or arbitrator apply its the loss of the Insured Claimant, the Company shall defer conflicts of law principles to determine the applicable law. the exercise of its right to recover until after the Insured (b) Choice of Forum: Any litigation or other proceeding brought Claimant shall have recovered its loss. by the Insured against the Company must be filed only in a (b) The Company's right of subrogation includes the rights of state or federal court within the United States of America or the Insured to indemnities, guaranties, other policies of its territories having appropriate jurisdiction. insurance, or bonds, notwithstanding any terms or 18. NOTICES,WHERE SENT conditions contained in those instruments that address Any notice of claim and any other notice or statement in writing subrogation rights. required to be given to the Company under this policy must be 14. ARBITRATION given to the Company at First American Title Insurance Either the Company or the Insured may demand that the claim Company, Attn: Claims National Intake Center, 1 First or controversy shall be submitted to arbitration pursuant to the American Way; Santa Ana, CA 92707. Phone: 888-632- Title Insurance Arbitration Rules of the American Land Title 1642. Form 5011400(7-1-14) Page 5 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) ' Owner's Policy of Title Insurance First American ISSUED BY Schedule A First American Title Insurance Company POLICY NUMBER 2237910 Name and Address of Title Insurance Company: First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. File No.: 7072-2237910 Address Reference: 12533, 12535, 12537 SW Main Amount of Insurance: $515,500.00 Street, Tigard, OR 97224 Premium: $1,374.00 Date of Policy: July 09, 2015 at 2:01 p.m. 1. Name of Insured: City of Tigard, an Oregon municipal corporation 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: City of Tigard, an Oregon municipal corporation 4. The Land referred to in this policy is described as follows: PARCEL I: BEGINNING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM NO. 37 IN TOWNSHIP 2 SOUTH, RANGE 1 WEST, WILLAMETTE MERIDIAN, WASHINGTON COUNTY, OREGON. AND RUNNING THENCE SOUTH 45°00' WEST ON LINE BETWEEN THE SAID JOHN HICKLIN DONATION LAND CLAIM AND THE GEORGE RICHARDSON DONATION LAND CLAIM, A DISTANCE OF 1807.1 FEET TO A POINT; THENCE SOUTH 45°00' EAST ALONG THE EASTERLY LINE OF THAT CERTAIN TRACT OF LAND CONVEYED TO EMIL A. AND OLIVIA T. JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069, WASHINGTON COUNTY, DEED RECORDS A DISTANCE OF 131.0 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT; THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 45°00' EAST ALONG THE EASTERLY LINE OF SAID JOHNSON TRACT A DISTANCE OF 93.0 FEET TO A POINT ON THE NORTHERLY LINE OF THE PACIFIC HIGHWAY; THENCE FOLLOWING SAID NORTHERLY LINE OF THE PACIFIC HIGHWAY ON A 5730.0 FOOT RADIUS CURVE TO THE RIGHT (THE LONG CHORD OF WHICH BEARS SOUTH 57°31' WEST 23.5 FEET) 23.5 FEET TO A POINT MARKED BY AN IRON HIGHWAY RIGHT OF WAY MARKER; THENCE SOUTH 57°38' WEST ALONG SAID RIGHT OF WAY LINE 145.0 FEET TO A POINT IN THE CENTER OF FANNO CREEK; THENCE NORTH 36°30' WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 78.6 FEET TO A POINT; THENCE NORTH 55°52' WEST IN THE CENTER OF FANNO CREEK A DISTANCE OF 6.1 FEET TO A POINT; THENCE NORTH 55°09' EAST ALONG THE HIGHWAY RIGHT OF WAY LINE A DISTANCE OF 156.4 FEET TO THE POINT OF BEGINNING. PARCEL II: Form 5011400(7-1-14) Page 6 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) BEGINNING AT AN IRON PIPE MARKING THE NORTHEAST CORNER OF THE SOUTH 1/2 OF THE JOHN HICKLIN DONATION LAND CLAIM IN TOWNSHIP 2 SOUTH, RANGE 1 WEST, WILLAMETTE • MERIDIAN, WASHINGTON COUNTY, OREGON. AND RUNNING THENCE SOUTH 45°18' WEST ALONG THE DONATION LAND CLAIM LINE 1814.5 FEET TO THE MOST WESTERLY CORNER OF LOT 15 OF ELECTRIC ADDITION TO TIGARDVILLE PLAT BOOK 2, PAGE 0042), A DULY RECORDED SUBDIVISION IN WASHINGTON COUNTY, OREGON; THENCE SOUTH 44°47' EAST ON THE SOUTHWESTERLY UNE OF SAID LOT 15 AND THE NORTHEASTERLY LINE OF A TRACT OF LAND CONVEYED TO EMIL JOHNSON BY DEED AS RECORDED IN BOOK 118 PAGE 0069 OF WASHINGTON COUNTY DEED RECORDS, 131.0 FEET TO THE WESTERLY CORNER OF THE SOUTHEASTERLY 1/2 OF SAID LOT 15 AND THE TRUE POINT OF BEGINNING OF THE HEREIN DESCRIBED TRACT; THENCE FROM THE DESCRIBED POINT OF BEGINNING SOUTH 44°47' EAST ON SAID SOUTHWESTERLY LINE OF LOT 15 A DISTANCE OF 96.0 FEET TO THE NORTHERLY LINE OF THE OLD TAYLORS FERRY ROAD; THENCE NORTH 60°12' EAST ON SAID ROAD LINE 22.2 FEET TO AN IRON; THENCE NORTH 36°10' WEST 48.3 FEET TO AN IRON; THENCE NORTH 60°12' EAST 40.1 FEET TO AN IRON; THENCE NORTH 36°10' WEST 65.0 FEET TO AN IRON ON THE EASTERLY BOUNDARY OF THE STATE HIGHWAY; THENCE SOUTH 45°14' WEST ALONG SAID LINE, 77.24 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM A PORTION OF A LAND CONVEY TO THE CITY OF TIGARD, WASHINGTON COUNTY, OREGON FOR ROAD OR STREET PURPOSES RECORDED ON SEPTEMBER 13, 2012 AS FEE NO. 2012 076047 NOTE: This legal description was created prior to January 1, 2008. Form 5011400(7-1-14) Page 7 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) .'"' I Owner's Policy of Title Insurance First American ISSUED BY • Schedule B First American Title Insurance Company POLICY NUMBER 2237910 EXCEPTIONS FROM COVERAGE File No.: 7072-2237910 This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees, or expenses that arise by reason of: 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. Facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 4. Any encroachment (of existing improvements located on the subject land onto adjoining land or of existing improvements located on adjoining land onto the subject land), encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the subject land. 5. Any lien, or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the public records. This exception (#5) is hereby waived without additional cost in accordance with the provisions of the Oregon Title Insurance Rating Manual provision 5.001 A 5 PROVIDED a Lender has been issued a simultaneous title insurance policy on the subject property and to the extent this exception has been eliminated or modified on said Lender's policy. 6. Water rights, claims to water or title to water, whether or not such rights are a matter of public record. 7. Taxes for the fiscal year 2015-2016 a lien due, but not yet payable. 8. Statutory powers and assessments of Clean Water Services. 9. Easement, including terms and provisions contained therein: Recording Information: July 13, 1964 in Book 517, Page 0282 In Favor of: City of Tigard For: sewer Form 5011400(7-1-14) Page 8 of 9 ALTA Owner's Policy of Title Insurance(6-17-06) 10. Easement, including terms and provisions contained therein: Recording Information: November 20, 1972 in Book 897, Page 0977 • In Favor of: Unified Sewerage Agency For: sewer 11. Easement, including terms and provisions contained therein: Recording Information: November 20, 1972 in Book 897, Page 0979 In Favor of: Unified Sewerage Agency For: sewer 12. Easement, including terms and provisions contained therein: Recording Information: September 13, 2012 as Fee No. 2012 076047 In Favor of: City of Tigard For: Temporary Construction 13. Consent Judgment, recorded June 12, 2015 as fee no. 2015-046428, case no. C152218CV, filed May 29, 2015, including the terms and provisions thereof. Form 5011400(7-1-14) Page 9 of 9 ALTA Owner's Policy of Title Insurance(6-17-06)