NE 13th PL Offer v1
NE 13th PL Offer v1
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Buyer Signature Date Seller Signature Date
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Buyer Signature Date Seller Signature Date
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Buyer Address Seller Address
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City, State, Zip City, State, Zip
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Buyer Phone No. Fax No. Seller Phone No. Fax No.
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Buyer E-mail Address Seller E-mail Address
Pellego, Inc. 4677
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Buyer Brokerage Firm MLS Office No. Listing Brokerage Firm MLS Office No.
Siddhant Bahadur 148023
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Buyer Broker (Print) MLS LAG No. Listing Broker (Print) MLS LAG No.
(425) 441-3180 (267) 515-9838
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Firm Phone No. Broker Phone No. Firm Fax No. Firm Phone No. Broker Phone No. Firm Fax No.
[email protected]
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Firm Document E-mail Address Firm Document E-mail Address
[email protected]
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Buyer Broker E-mail Address Listing Broker E-mail Address
24000807 20141
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Buyer Broker DOL License No. Firm DOL License No. Listing Broker DOL License No. Firm DOL License No.
Authentisign ID: F3B18589-728B-EF11-8473-002248299057
a. Purchase Price. Buyer shall pay to Seller the Purchase Price, including the Earnest Money, in cash at Closing, unless 1
otherwise specified in this Agreement. Buyer represents that Buyer has sufficient funds to close this sale in accordance 2
with this Agreement and is not relying on any contingent source of funds, including funds from loans, the sale of other 3
property, gifts, retirement, or future earnings, except to the extent otherwise specified in this Agreement. The parties 4
shall use caution when wiring funds to avoid potential wire fraud. Before wiring funds, the party wiring funds shall take 5
steps to confirm any wire instructions via an independently verified phone number and other appropriate measures. 6
b. Earnest Money. Buyer shall deliver the Earnest Money by the Delivery Date listed in Specific Term No. 7 (2 days after 7
mutual acceptance if not filled in) to the party holding the Earnest Money (Buyer Brokerage Firm or Closing Agent). If 8
sent by mail, the Earnest Money must arrive at Buyer Brokerage Firm or Closing Agent by the Delivery Date. If the 9
Earnest Money is held by Buyer Brokerage Firm and is over $10,000.00 it shall be deposited into an interest bearing 10
trust account in Buyer Brokerage Firm’s name provided that Buyer completes an IRS Form W-9. Interest, if any, after 11
deduction of bank charges and fees, will be paid to Buyer. Buyer shall reimburse Buyer Brokerage Firm for bank 12
charges and fees in excess of the interest earned, if any. If the Earnest Money held by Buyer Brokerage Firm is over 13
$10,000.00 Buyer has the option to require Buyer Brokerage Firm to deposit the Earnest Money into the Housing Trust 14
Fund Account, with the interest paid to the State Treasurer, if both Seller and Buyer so agree in writing. If the Buyer 15
does not complete an IRS Form W-9 before Buyer Brokerage Firm must deposit the Earnest Money or the Earnest 16
Money is $10,000.00 or less, the Earnest Money shall be deposited into the Housing Trust Fund Account. Buyer 17
Brokerage Firm may transfer the Earnest Money to Closing Agent at Closing. If all or part of the Earnest Money is to be 18
refunded to Buyer and any such costs remain unpaid, the Buyer Brokerage Firm or Closing Agent may deduct and pay 19
them therefrom. The parties instruct Closing Agent to provide written verification of receipt of the Earnest Money and 20
notice of dishonor of any check to the parties and Brokers at the addresses and/or fax numbers provided herein. 21
Upon termination of this Agreement, a party or the Closing Agent may deliver a form authorizing the release of Earnest 22
Money to the other party or the parties. The party(s) shall execute such form and deliver the same to the Closing Agent. 23
If either party fails to execute the release form, a party may make a written demand to the Closing Agent for the Earnest 24
Money. Pursuant to RCW 64.04.220, Closing Agent shall deliver notice of the demand to the other party within 15 days. 25
If the other party does not object to the demand within 20 days of Closing Agent’s notice, Closing Agent shall disburse 26
the Earnest Money to the party making the demand within 10 days of the expiration of the 20 day period. If Closing 27
Agent timely receives an objection or an inconsistent demand from the other party, Closing Agent shall commence an 28
interpleader action within 60 days of such objection or inconsistent demand, unless the parties provide subsequent 29
consistent instructions to Closing Agent to disburse the earnest money or refrain from commencing an interpleader 30
action for a specified period of time. Pursuant to RCW 4.28.080, the parties consent to service of the summons and 31
complaint for an interpleader action by first class mail, postage prepaid at the party’s usual mailing address or the 32
address identified in this Agreement. If the Closing Agent complies with the preceding process, each party shall be 33
deemed to have released Closing Agent from any and all claims or liability related to the disbursal of the Earnest 34
Money. If either party fails to authorize the release of the Earnest Money to the other party when required to do so 35
under this Agreement, that party shall be in breach of this Agreement. For the purposes of this section, the term Closing 36
Agent includes a Buyer Brokerage Firm holding the Earnest Money. The parties authorize the party commencing an 37
interpleader action to deduct up to $750.00 for the costs thereof. The parties acknowledge that RCW 64.04.220 requires 38
the court to award the Closing Agent its reasonable attorneys’ fees and costs associated with an interpleader action. 39
c. Included Items. Any of the following items, including items identified in Specific Term No. 5 if the corresponding box is 40
checked, located in or on the Property are included in the sale: built-in appliances; wall-to-wall carpeting; curtains, 41
drapes and all other window treatments; window and door screens; awnings; storm doors and windows; installed 42
television antennas; ventilating, air conditioning and heating fixtures; trash compactor; garbage disposal; fireplace 43
doors, gas logs and gas log lighters; irrigation fixtures; electric garage door openers; water heaters; installed electrical 44
fixtures; lighting fixtures; shrubs, plants and trees planted in the ground; and other fixtures; and all associated operating 45
remote controls and access permissions. Unless otherwise agreed, if any of the above items are leased or encumbered, 46
Seller shall acquire clear title before Closing. 47
d. Condition of Title. Unless otherwise specified in this Agreement, title to the Property shall be marketable at Closing. 48
The following shall not cause the title to be unmarketable: rights, reservations, covenants, conditions and restrictions, 49
presently of record and general to the area; easements and encroachments, not materially affecting the value of or 50
unduly interfering with Buyer’s reasonable use of the Property; and reserved oil and/or mining rights. Seller shall not 51
convey or reserve any oil and/or mineral rights after mutual acceptance without Buyer’s written consent. Monetary 52
encumbrances or liens not assumed by Buyer, shall be paid or discharged by Seller on or before Closing. Title shall be 53
conveyed by a Statutory Warranty Deed. If this Agreement is for conveyance of a buyer’s interest in a Real Estate 54
Contract, the Statutory Warranty Deed shall include a buyer’s assignment of the contract sufficient to convey after 55
acquired title. 56
e. Title Insurance. Seller authorizes Buyer’s lender or Closing Agent, at Seller’s expense, to apply for the then-current 57
ALTA form of Homeowner’s Policy of Title Insurance for One-to-Four Family Residence, from the Title Insurance 58
Company. If Seller previously received a preliminary commitment from a Title Insurance Company that Buyer declines 59
to use, Buyer shall pay any cancellation fees owing to the original Title Insurance Company. Otherwise, the party 60
applying for title insurance shall pay any title cancellation fee, in the event such a fee is assessed. If the Title Insurance 61
Company selected by the parties will not issue a Homeowner’s Policy for the Property, the parties agree that the Title 62
Insurance Company shall instead issue the then-current ALTA standard form Owner’s Policy, together with 63
homeowner’s additional protection and inflation protection endorsements, if available. The Title Insurance Company 64
shall send a copy of the preliminary commitment to Seller, Listing Broker, Buyer and Buyer Broker. The preliminary 65
commitment, and the title policy to be issued, shall contain no exceptions other than the General Exclusions and 66
Exceptions in the Policy and Special Exceptions consistent with the Condition of Title herein provided. If title cannot be 67
made so insurable prior to the Closing Date, then as Buyer’s sole and exclusive remedy, the Earnest Money shall, 68
unless Buyer elects to waive such defects or encumbrances, be refunded to the Buyer, less any unpaid costs described 69
in this Agreement, and this Agreement shall thereupon be terminated. Buyer shall have no right to specific performance 70
or damages as a consequence of Seller’s inability to provide insurable title. 71
f. Closing and Possession. This sale shall be closed by the Closing Agent on the Closing Date. If the Closing Date falls 72
on a Saturday, Sunday, legal holiday as defined in RCW 1.16.050, or day when the county recording office is closed, 73
the Closing Agent shall close the transaction on the next day that is not a Saturday, Sunday, legal holiday, or day when 74
the county recording office is closed. “Closing” means the date on which all documents are recorded and the sale 75
proceeds are available to Seller. Seller shall deliver keys, garage door remotes, and access codes to Buyer on the 76
Closing Date or on the Possession Date, whichever occurs first. Buyer shall be entitled to possession at 9:00 p.m. on 77
the Possession Date. Seller shall maintain the Property in its present condition, normal wear and tear excepted, until the 78
Buyer is provided possession. Seller shall either repair or replace any system or appliance (including, but not limited to 79
plumbing, heat, electrical, and all Included Items) that becomes inoperative or malfunctions prior to Closing with a 80
system or appliance of at least equal quality. Buyer reserves the right to walk through the Property within 5 days of 81
Closing to verify that Seller has maintained the Property and systems/appliances as required by this paragraph. Seller 82
shall not enter into or modify existing leases or rental agreements, service contracts, or other agreements affecting the 83
Property which have terms extending beyond Closing without first obtaining Buyer’s consent, which shall not be 84
unreasonably withheld. If possession transfers at a time other than Closing, the parties shall execute NWMLS Form 65A 85
(Rental Agreement/Occupancy Prior to Closing) or NWMLS Form 65B (Rental Agreement/Seller Occupancy After 86
Closing) (or alternative rental agreements) and are advised of the need to contact their respective insurance companies 87
to assure appropriate hazard and liability insurance policies are in place, as applicable. 88
RCW 19.27.530 requires the seller of any owner-occupied single-family residence to equip the residence with a carbon 89
monoxide alarm(s) in accordance with the state building code before a buyer or any other person may legally occupy 90
the residence following the sale. RCW 43.44.110 requires the seller of a dwelling unit, that does not have at least one 91
smoke detection device, to provide at least one smoke detection device in the unit before the buyer or any other person 92
occupies the unit following a sale. The parties acknowledge that the Brokers are not responsible for ensuring that Seller 93
complies with RCW 19.27.530 or RCW 43.44.110. Buyer and Seller shall hold the Brokers and their Firms harmless 94
from any claim resulting from Seller’s failure to install a carbon monoxide alarm(s) or smoke detector(s) in the Property. 95
g. Section 1031 Like-Kind Exchange. If either Buyer or Seller intends for this transaction to be a part of a Section 1031 96
like-kind exchange, then the other party shall cooperate in the completion of the like-kind exchange so long as the 97
cooperating party incurs no additional liability in doing so, and so long as any expenses (including attorneys’ fees and 98
costs) incurred by the cooperating party that are related only to the exchange are paid or reimbursed to the cooperating 99
party at or prior to Closing. Notwithstanding the Assignment paragraph of this Agreement, any party completing a 100
Section 1031 like-kind exchange may assign this Agreement to its qualified intermediary or any entity set up for the 101
purposes of completing a reverse exchange. 102
h. Closing Costs and Prorations and Charges and Assessments. Seller and Buyer shall each pay one-half of the 103
escrow fee unless otherwise required by applicable FHA or VA regulations. Taxes for the current year, rent, interest, and 104
lienable homeowner’s association dues shall be prorated as of Closing. Buyer shall pay Buyer’s loan costs, including credit 105
report, appraisal charge and lender’s title insurance, unless provided otherwise in this Agreement. If any payments are 106
delinquent on encumbrances which will remain after Closing, Closing Agent is instructed to pay such delinquencies at 107
Closing from money due, or to be paid by, Seller. Buyer shall pay for remaining fuel in the fuel tank if, prior to Closing, 108
Seller obtains a written statement from the supplier as to the quantity and current price and provides such statement to the 109
Closing Agent. Seller shall pay all utility and internet charges, including unbilled charges. Unless waived in Specific Term 110
No. 12, Seller and Buyer request the services of Closing Agent in disbursing funds necessary to satisfy unpaid utility 111
charges in accordance with RCW 60.80 and Seller shall provide the names and addresses of all utilities providing service 112
to the Property and having lien rights (attach NWMLS Form 22K Identification of Utilities or equivalent). 113
Buyer is advised to verify the existence and amount of any local improvement district, capacity or impact charges or 114
other assessments that may be charged against the Property before or after Closing. Seller will pay such charges that 115
are or become due on or before Closing. Charges levied before Closing, but becoming due after Closing shall be paid 116
as agreed in Specific Term No. 13. 117
i. Sale Information. Listing Broker and Buyer Broker are authorized to report this Agreement (including price and all 118
terms) to the Multiple Listing Service that published it and to its members, financing institutions, appraisers, and anyone 119
else related to this sale. Buyer and Seller expressly authorize all Closing Agents, appraisers, title insurance companies, 120
and others related to this Sale, to furnish the Listing Broker and/or Buyer Broker, on request, any and all information 121
and copies of documents concerning this sale. 122
j. Seller Citizenship and FIRPTA. Seller warrants that the identification of Seller’s citizenship status for purposes of U.S. 123
income taxation in Specific Term No. 14 is correct. Seller shall execute a certification (NWMLS Form 22E or equivalent) 124
under the Foreign Investment in Real Property Tax Act (“FIRPTA”) and provide the certification to the Closing Agent 125
within 10 days of mutual acceptance. If Seller is a foreign person for purposes of U.S. income taxation, and this 126
transaction is not otherwise exempt from FIRPTA, Closing Agent is instructed to withhold and pay the required amount 127
to the Internal Revenue Service. Seller shall pay any fees incurred by Buyer related to such withholding and payment. 128
If Seller fails to provide the FIRPTA certification to the Closing Agent within 10 days of mutual acceptance, Buyer may 129
give notice that Buyer may terminate the Agreement at any time 3 days thereafter (the “Right to Terminate Notice”). If 130
Seller has not earlier provided the FIRPTA certification to the Closing Agent, Buyer may give notice of termination of 131
this Agreement (the “Termination Notice”) any time following 3 days after delivery of the Right to Terminate Notice. If 132
Buyer gives the Termination Notice before Seller provides the FIRPTA certification to the Closing Agent, this Agreement 133
is terminated and the Earnest Money shall be refunded to Buyer. 134
k. Notices and Delivery of Documents. Any notice related to this Agreement (including revocations of offers or 135
counteroffers) must be in writing. Notices to Seller must be signed by at least one Buyer and shall be deemed delivered 136
only when the notice is received by Seller, by Listing Broker, or at the licensed office of Listing Broker. Notices to Buyer 137
must be signed by at least one Seller and shall be deemed delivered only when the notice is received by Buyer, by 138
Buyer Broker, or at the licensed office of Buyer Broker. Documents related to this Agreement, such as NWMLS Form 139
17, Information on Lead-Based Paint and Lead-Based Paint Hazards, Public Offering Statement or Resale Certificate, 140
and all other documents shall be delivered pursuant to this paragraph. Buyer and Seller must keep Buyer Broker and 141
Listing Broker advised of their whereabouts in order to receive prompt notification of receipt of a notice. 142
Facsimile transmission of any notice or document shall constitute delivery. E-mail transmission of any notice or 143
document (or a direct link to such notice or document) shall constitute delivery when: (i) the e-mail is sent to both Buyer 144
Broker and Buyer Brokerage Firm or both Listing Broker and Listing Brokerage Firm at the e-mail addresses specified 145
on page one of this Agreement; (ii) Buyer Broker or Listing Broker provide written acknowledgment of receipt of the e-mail 146
(an automatic e-mail reply does not constitute written acknowledgment); or (iii) if a party is unrepresented, the e-mail is 147
sent directly to the party’s e-mail address specified on page one of this Agreement. At the request of either party, or the 148
Closing Agent, the parties will confirm facsimile or e-mail transmitted signatures by signing an original document. 149
l. Computation of Time. Unless otherwise specified in this Agreement, any period of time measured in days and stated in 150
this Agreement shall start on the day following the event commencing the period and shall expire at 9:00 p.m. of the last 151
calendar day of the specified period of time. Except for the Possession Date, if the last day is a Saturday, Sunday or legal 152
holiday as defined in RCW 1.16.050, the specified period of time shall expire on the next day that is not a Saturday, 153
Sunday or legal holiday. Any specified period of 5 days or less, except for any time period relating to the Possession Date, 154
shall not include Saturdays, Sundays or legal holidays. If the parties agree that an event will occur on a specific calendar 155
date, the event shall occur on that date, except for the Closing Date, which, if it falls on a Saturday, Sunday, legal holiday 156
as defined in RCW 1.16.050, or day when the county recording office is closed, shall occur on the next day that is not a 157
Saturday, Sunday, legal holiday, or day when the county recording office is closed. When counting backwards from 158
Closing, any period of time measured in days shall start on the day prior to Closing and if the last day is a Saturday, 159
Sunday or legal holiday as defined in RCW 1.16.050, the specified period of time shall expire on the next day, moving 160
forward, that is not a Saturday, Sunday or legal holiday (e.g. Monday or Tuesday). If the parties agree upon and attach a 161
legal description after this Agreement is signed by the offeree and delivered to the offeror, then for the purposes of 162
computing time, mutual acceptance shall be deemed to be on the date of delivery of an accepted offer or counteroffer to 163
the offeror, rather than on the date the legal description is attached. Time is of the essence of this Agreement. 164
m. Integration and Electronic Signatures. This Agreement constitutes the entire understanding between the parties and 165
supersedes all prior or contemporaneous understandings and representations. No modification of this Agreement shall 166
be effective unless agreed in writing and signed by Buyer and Seller. The parties acknowledge that a signature in 167
electronic form has the same legal effect and validity as a handwritten signature. 168
n. Assignment. Buyer may not assign this Agreement, or Buyer’s rights hereunder, without Seller’s prior written consent, 169
unless the parties indicate that assignment is permitted by the addition of “and/or assigns” on the line identifying the 170
Buyer on the first page of this Agreement. 171
o. Default. In the event Buyer fails, without legal excuse, to complete the purchase of the Property, then the following 172
provision, as identified in Specific Term No. 8, shall apply: 173
i. Forfeiture of Earnest Money. That portion of the Earnest Money that does not exceed five percent (5%) of the 174
Purchase Price shall be forfeited to the Seller as the sole and exclusive remedy available to Seller for such failure. 175
ii. Seller’s Election of Remedies. Seller may, at Seller’s option, (a) keep the Earnest Money as liquidated damages 176
as the sole and exclusive remedy available to Seller for such failure, (b) bring suit against Buyer for Seller’s actual 177
damages, (c) bring suit to specifically enforce this Agreement and recover any incidental damages, or (d) pursue 178
any other rights or remedies available at law or equity. 179
p. Professional Advice and Attorneys’ Fees. Buyer and Seller are advised to seek the counsel of an attorney and a certified 180
public accountant to review the terms of this Agreement. Buyer and Seller shall pay their own fees incurred for such review. 181
However, if Buyer or Seller institutes suit against the other concerning this Agreement, or if the party holding the Earnest 182
Money commences an interpleader action, the prevailing party is entitled to reasonable attorneys’ fees and expenses. 183
q. Offer. This offer must be accepted by 9:00 p.m. on the Offer Expiration Date, unless sooner withdrawn. Acceptance 184
shall not be effective until a signed copy is received by the other party, by the other party’s broker, or at the licensed 185
office of the other party’s broker pursuant to General Term k. If this offer is not so accepted, it shall lapse and any 186
Earnest Money shall be refunded to Buyer. 187
r. Counteroffer. Any change in the terms presented in an offer or counteroffer, other than the insertion of or change to 188
Seller’s name and Seller’s warranty of citizenship status, shall be considered a counteroffer. If a party makes a 189
counteroffer, then the other party shall have until 9:00 p.m. on the counteroffer expiration date to accept that 190
counteroffer, unless sooner withdrawn. Acceptance shall not be effective until a signed copy is received by the other 191
party, the other party’s broker, or at the licensed office of the other party’s broker pursuant to General Term k. If the 192
counteroffer is not so accepted, it shall lapse and any Earnest Money shall be refunded to Buyer. 193
s. Offer and Counteroffer Expiration Date. If no expiration date is specified for an offer/counteroffer, the 194
offer/counteroffer shall expire 2 days after the offer/counteroffer is delivered by the party making the offer/counteroffer, 195
unless sooner withdrawn. 196
t. Agency Disclosure. Buyer Brokerage Firm, Buyer Brokerage Firm’s Designated Broker, Buyer Broker’s Branch Manager 197
(if any) and Buyer Broker’s Managing Broker (if any) represent the same party that Buyer Broker represents. Listing 198
Brokerage Firm, Listing Brokerage Firm’s Designated Broker, Listing Broker’s Branch Manager (if any), and Listing 199
Broker’s Managing Broker (if any) represent the same party that the Listing Broker represents. All parties acknowledge 200
receipt of the pamphlet entitled “Real Estate Brokerage in Washington.” 201
u. Brokerage Firm Compensation. Seller and Buyer shall pay compensation in accordance with any listing or 202
compensation agreement to which they are a party. The Listing Brokerage Firm’s compensation shall be paid as specified 203
in the listing agreement. The compensation offered by Seller to the Buyer Brokerage Firm, if any, is set forth in Specific 204
Term No. 17(a), and if there is any inconsistency between the Buyer Brokerage Firm’s compensation offered and the 205
description of the offered compensation stated in Specific Term No. 17(a), the terms shall be as set forth in the published 206
offer. Seller shall pay the Buyer Brokerage Firm compensation set forth in Specific Term No. 17(b). Seller and Buyer 207
hereby consent to Listing Brokerage Firm or Buyer Brokerage Firm receiving compensation from more than one party. 208
Seller and Buyer hereby assign to Listing Brokerage Firm and Buyer Brokerage Firm, as applicable, a portion of their funds 209
in escrow equal to such compensation and irrevocably instruct the Closing Agent to disburse the compensation directly to 210
the Firm(s). In any action by Listing or Buyer Brokerage Firm to enforce this paragraph, the prevailing party is entitled to 211
court costs and reasonable attorneys’ fees. Seller and Buyer agree that the Firms are intended third-party beneficiaries 212
under this Agreement. 213
v. Cancellation Rights/Lead-Based Paint. If a residential dwelling was built on the Property prior to 1978, and Buyer 214
receives a Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards (NWMLS Form 22J) after 215
mutual acceptance, Buyer may rescind this Agreement at any time up to 3 days thereafter. 216
w. Information Verification Period. Unless satisfied/waived, Buyer shall have the time period set forth in Specific Term 217
No. 15 (10 days after mutual acceptance if not filled in) to verify all information provided from Seller or Listing Brokerage 218
Firm related to the Property. This contingency shall be deemed satisfied unless Buyer gives notice identifying the 219
materially inaccurate information within the time period set forth in Specific Term No. 15. If Buyer gives timely notice 220
under this section, then this Agreement shall terminate and the Earnest Money shall be refunded to Buyer. 221
x. Property Condition Disclaimer. Buyer and Seller agree, that except as provided in this Agreement, all representations 222
and information regarding the Property and the transaction are solely from the Seller or Buyer, and not from any Broker. 223
The parties acknowledge that the Brokers are not responsible for assuring that the parties perform their obligations 224
under this Agreement and that none of the Brokers has agreed to independently investigate or confirm any matter 225
related to this transaction except as stated in this Agreement, or in a separate writing signed by such Broker. In 226
addition, Brokers do not guarantee the value, quality or condition of the Property and some properties may contain 227
building materials, including siding, roofing, ceiling, insulation, electrical, and plumbing, that have been the subject of 228
lawsuits and/or governmental inquiry because of possible defects or health hazards. Some properties may have other 229
defects arising after construction, such as drainage, leakage, pest, rot and mold problems. In addition, some properties 230
may contain soil or other contamination that is not readily apparent and may be hazardous. Brokers do not have the 231
expertise to identify or assess defective or hazardous products, materials, or conditions. Buyer is urged to use due 232
diligence to inspect the Property to Buyer’s satisfaction and to retain inspectors qualified to identify the presence of 233
defective or hazardous materials and conditions and evaluate the Property as there may be defects and hazards that 234
may only be revealed by careful inspection. Buyer is advised to investigate whether the Property is suitable for Buyer’s 235
intended use and to ensure the water supply is sufficient to meet Buyer’s needs. Buyer is advised to investigate the cost 236
of insurance for the Property, including, but not limited to homeowner’s, fire, flood, earthquake, landslide, and other 237
available coverage. Buyer acknowledges that local ordinances may restrict short term rentals of the Property. Buyer and 238
Seller acknowledge that home protection plans may be available which may provide additional protection and benefit to 239
Buyer and Seller. Brokers may assist the parties with locating and selecting third-party service providers, such as 240
inspectors or contractors, but Brokers cannot guarantee or be responsible for the services provided by those third 241
parties. The parties shall exercise their own judgment and due diligence regarding third-party service providers. 242
y. Fair Housing. Seller and Buyer acknowledge that local, state, and federal fair housing laws prohibit discrimination 243
based on sex, marital status, sexual orientation, gender identity, race, creed, color, religion, caste, national origin, 244
citizenship or immigration status, families with children status, familial status, honorably discharged veteran or military 245
status, the presence of any sensory, mental, or physical disability, or the use of a support or service animal by a person 246
with a disability. 247
The following is part of the Purchase and Sale Agreement dated __________________________________________
October 15, 2024 1
between MN
______________________________________________________________________________
Custom Homes LLC and/or assigns (“Buyer”) 2
Buyer Buyer
and Yoshiki
___________________________________________________________________________________
Tamura Chigako Tamura (“Seller”) 3
Seller Seller
concerning 17407
_______________________________________________________________________
NE 13th Pl Bellevue WA 98008 (the "Property”). 4
Address City State Zip
CHECK IF INCLUDED: 5
1.
✔ Square Footage/Lot Size/Encroachments. The Listing Broker and Buyer Broker make no representations 6
concerning: (a) the lot size or the accuracy of any information provided by the Seller; (b) the square footage of 7
any improvements on the Property; (c) whether there are any encroachments (fences, rockeries, buildings) on 8
the Property, or by the Property on adjacent properties. Buyer is advised to verify lot size, square footage and 9
encroachments to Buyer’s own satisfaction. 10
2. Title Insurance. The Title Insurance clause in the Agreement provides Seller is to provide the then-current ALTA 11
form of Homeowner’s Policy of Title Insurance. The parties have the option to provide less coverage by selecting 12
a Standard Owner’s Policy or more coverage by selecting an Extended Coverage Policy: 13
Standard Owner’s Coverage. Seller authorizes Buyer’s lender or Closing Agent, at Seller’s expense, to 14
apply for the then-current ALTA form of Owner’s Policy of Title Insurance, together with homeowner’s 15
additional protection and inflation protection endorsements, if available at no additional cost, rather than 16
the Homeowner’s Policy of Title Insurance. 17
Extended Coverage. Seller authorizes Buyer’s lender or Closing Agent, at Seller’s expense to apply for 18
an ALTA or comparable Extended Coverage Policy of Title Insurance, rather than the Homeowner’s 19
Policy of Title Insurance. Buyer shall pay the increased costs associated with the Extended Coverage 20
Policy, including the excess premium over that charged for Homeowner’s Policy of Title Insurance and 21
the cost of any survey required by the title insurer. 22
3.
✔ Seller Cleaning. Seller shall clean the interiors of any structures and remove all trash, debris and rubbish 23
from the Property prior to Buyer taking possession. 24
4. Personal
✔ Property. Unless otherwise agreed, Seller shall remove all personal property from the Property 25
not later than the Possession Date. Any personal property remaining on the Property thereafter shall become 26
the property of Buyer, and may be retained or disposed of as Buyer determines. 27
5.
✔ Utilities. To the best of Seller's knowledge, Seller represents that the Property is connected to: 28
✔ public water main; ✔ public sewer main; septic tank; well (specify type) _______________________ ; 29
irrigation water (specify provider) ________________________; ✔ natural gas; telephone;
✔ electricity; 30
cable (specify provider) ____________________; internet (specify provider) _____________________; 31
other _______________________________________________________________________________ . 32
6. Insulation - New Construction. If this is new construction, Federal Trade Commission Regulations require 33
the following to be filled in. If insulation has not yet been selected, FTC regulations require Seller to furnish 34
Buyer the information below in writing as soon as available: 35
7. Leased Property Review Period and Assumption. Buyer acknowledges that Seller leases the following 39
items of personal property that are included with the sale: propane tank; security system; satellite 40
dish and operating equipment; other ______________________________________________________ . 41
Seller shall provide Buyer a copy of the lease for the selected items within _______ days (5 days if not filled 42
in) of mutual acceptance. If Buyer, in Buyer’s sole discretion, does not give notice of disapproval within 43
_______ days (5 days if not filled in) of receipt of the lease(s) or the date that the lease(s) are due, whichever 44
is earlier, then this lease review period shall conclusively be deemed satisfied (waived) and at Closing, Buyer 45
shall assume the lease(s) for the selected item(s) and hold Seller harmless from and against any further 46
obligation, liability, or claim arising from the lease(s), if the lease(s) can be assumed. If Buyer gives timely 47
notice of disapproval, then this Agreement shall terminate and the Earnest Money shall be refunded to Buyer. 48
8. Homeowners’ Association Review Period. If the Property is subject to a homeowners’ association or any 49
other association, then Seller shall, at Seller’s expense, provide Buyer a copy of the following documents (if 50
available from the Association) within _______ days (10 days if not filled in) of mutual acceptance: 51
a. Association rules and regulations, including, but not limited to architectural guidelines; 52
b. Association bylaws and covenants, conditions, and restrictions (CC&Rs); 53
c. Association meeting minutes from the prior two (2) years; 54
d. Association Board of Directors meeting minutes from the prior six (6) months; and 55
e. Association financial statements from the prior two (2) years and current operating budget. 56
If Buyer, in Buyer’s sole discretion, does not give notice of disapproval within _______ days (5 days if not 57
filled in) of receipt of the above documents or the date that the above documents are due, whichever is 58
earlier, then this homeowners’ association review period shall conclusively be deemed satisfied (waived). If 59
Buyer gives timely notice of disapproval, then this Agreement shall terminate and the Earnest Money shall be 60
refunded to Buyer. 61
9. Homeowners’ Association Transfer Fee. If there is a transfer fee imposed by the homeowners’ association 62
or any other association (e.g. a “move-in” or “move-out” fee), the fee shall be paid by the party as provided for 63
in the association documents. If the association documents do not provide which party pays the fee, the fee 64
shall be paid by Buyer; Seller (Seller if not filled in). 65
10. Excluded Item(s). The following item(s), that would otherwise be included in the sale of the Property, is 66
excluded from the sale (“Excluded Item(s)”). Seller shall repair any damage to the Property caused by the 67
removal of the Excluded Item(s). Excluded Item(s): 68
_______________________________________________________________________________________ 69
70
_______________________________________________________________________________________
11. Home Warranty. Buyer and Seller acknowledge that home warranty plans are available which may provide 71
additional protection and benefits to Buyer and Seller. Buyer shall order a one-year home warranty as follows: 72
a. Home warranty provider: _______________________________________________________________ 73
b. Seller shall pay up to $______________ ($0.00 if not filled in) of the cost for the home warranty, together 74
with any included options, and Buyer shall pay any balance. 75
c. Options to be included: _________________________________________________________________ 76
_________________________________________________________________ (none, if not filled in). 77
d. Other: _____________________________________________________________________________ . 78
79
12. Other.
80
81
82
83
84
85
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Authentisign ID: F3B18589-728B-EF11-8473-002248299057
The following is part of the Purchase and Sale Agreement dated October 15, 2024
__________________________________________ 1
between ______________________________________________________________________________
MN Custom Homes LLC and/or assigns (“Buyer”) 2
Buyer Buyer
and ___________________________________________________________________________________
Yoshiki Tamura Chigako Tamura (“Seller”) 3
Seller Seller
NOTE: In the event of pre-closing possession of more than 100 days by Buyer, the term Buyer also means Tenant. 14
_____________________________________________________________________________________________ 15
Seller’s Disclosure 16
(a) Presence of lead-based paint and/or lead-based paint hazards (check one below): 17
Known lead-based paint and/or lead-based paint hazards are present in the housing (explain). 18
19
20
✘ Seller has no knowledge of lead-based paint and/or lead-based paint hazards in the housing. 21
(b) Records and reports available to the Seller (check one below): 22
Seller has provided the Buyer with all available records and reports pertaining to lead-based paint and/or lead- 23
based paint hazards in the housing (list documents below). 24
25
26
✘ Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing. 27
Seller has reviewed the information above and certifies, to the best of Seller’s knowledge, that the statements made 28
and information provided by Seller are true and accurate. 29
___________________________________________ ___________________________________________ 30
Seller Date Seller Date
Buyer’s Acknowledgment 31
(c) Buyer has received the above Seller’s Disclosure and all documents (if any). _____________ ___________ 32
Buyer Initials Buyer Initials
(d) Buyer has received the pamphlet Protect Your Family from Lead in Your Home. ___________ ___________ 33
Buyer Initials Buyer Initials
✘ Waived the opportunity to conduct a risk assessment or inspection for the presence of lead-based paint 35
and/or lead-based paint hazards. 36
Accepted an opportunity to conduct a risk assessment or inspection for the presence of lead-based paint 37
and/or lead-based paint hazards on the following terms and conditions: 38
This Agreement is conditioned upon a risk assessment or inspection of the Property for the presence of lead- 39
based paint and/or lead-based paint hazards, to be performed by a risk assessor or inspector at Buyer’s 40
expense. (Intact lead-based paint that is in good condition is not necessarily a hazard). 41
This contingency shall conclusively be deemed satisfied (waived) unless Buyer gives written notice of 42
disapproval of the risk assessment or inspection to Seller within __________ (10 days if not filled in) after 43
receiving this Disclosure. Buyer’s notice must identify the specific existing deficiencies and corrections 44
needed and must include a copy of the inspection and/or risk assessment report. 45
Seller may, at Seller’s option, within __________ days (3 days if not filled in) after Seller’s receipt of Buyer’s 46
disapproval notice, give written notice that Seller will correct the conditions identified by Buyer. If Seller 47
agrees to correct the conditions identified by Buyer, then it shall be accomplished at Seller’s expense prior 48
to the Closing Date, and Seller shall provide Buyer with certification from a risk assessor or inspector 49
demonstrating that the condition(s) has been remedied prior to the Closing Date. In lieu of correction, the 50
parties may agree on any other remedy for the disapproved condition(s), including but not limited to 51
adjustments to the Purchase Price. If an agreement on non-repair remedies is secured in writing before the 52
expiration of the time period set forth in this subparagraph, then this contingency will be deemed satisfied. 53
If Seller does not give notice that Seller will correct the conditions identified in Buyer’s risk assessment or 54
inspection, or if the parties cannot reach an agreement on alternative remedies, then Buyer may elect to give 55
notice of termination of this Agreement within __________ days (3 days if not filled in) after expiration of the 56
time limit or delivery of Seller’s notice pursuant to the preceding paragraph, whichever occurs first. The 57
Earnest Money shall then be returned to Buyer and the parties shall have no further obligations to each other. 58
Buyer’s failure to give a written notice of termination means that Buyer will be required to purchase the 59
Property without Seller having corrected the conditions identified in Buyer’s risk assessment or inspection 60
and without any alternative remedy for those conditions. 61
Buyer has reviewed the information above and certifies, to the best of Buyer’s knowledge, that the statements made 62
by Buyer are true and accurate. 63
___________________________________________ ___________________________________________ 64
Buyer Date Buyer Date
Brokers’ Acknowledgment 65
Brokers have informed Seller of Seller’s obligations under 42 U.S.C. 4852(d) and are aware of their responsibility 66
to ensure compliance. 67
___________________________________________ ___________________________________________ 68
Buyer Broker Date Listing Broker Date
If the above information has not been filled in at the time of mutual acceptance of this Agreement, then (1) 29
within __________ days (5 if not filled in) of mutual acceptance of this Agreement, Seller shall provide the Listing 30
Broker or Buyer Broker with the names and addresses of all utility providers having lien rights affecting the Property 31
and (2) Buyer and Seller authorize Listing Broker or Buyer Broker to insert into this Addendum the names and 32
addresses of the utility providers identified by Seller. 33
Nothing in this Addendum shall be construed to diminish or alter the Seller’s obligation to pay all utility charges 34
(including unbilled charges). Buyer understands that the Listing Broker and Buyer Broker are not responsible for, or 35
to insure payment of, Seller’s utility charges. 36
between MN
______________________________________________________________________________
Custom Homes LLC and/or assigns (“Buyer”) 2
Buyer Buyer
21
1. FEASIBILITY CONTINGENCY. Buyer shall verify within __________ days (20 days if not filled in) after mutual 5
acceptance (the “Feasibility Contingency Expiration Date”) the suitability of the Property for Buyer's intended use. 6
This feasibility contingency shall conclusively be deemed waived unless Buyer gives notice of disapproval on or 7
before the Feasibility Contingency Expiration Date. If Buyer gives a timely notice of disapproval, then this 8
Agreement shall terminate and the Earnest Money shall be refunded to Buyer. 9
2. BUYER DUE DILIGENCE. Buyer should not rely on any oral statements concerning the Property made by the 10
Seller, Listing Broker or Buyer Broker. Buyer should inquire at the city or county, and water, sewer or other 11
special districts in which the Property is located. Buyer’s inquiry shall include, but not be limited to: whether the 12
Property can be platted, developed and/or built on (now or in the future) and the related costs; building or 13
development moratoria applicable to or being considered for the Property; any special building requirements, 14
including setbacks, height limits or restrictions on where buildings may be constructed on the Property; whether 15
the Property is affected by a flood zone, wetlands, shorelands or other environmentally sensitive area; road, 16
school, fire and any other growth mitigation or impact fees that must be paid; the procedure and length of time 17
necessary to obtain plat approval and/or a building permit; sufficient water, sewer and utility and any services 18
connection charges; all other charges that must be paid. 19
3. PROPERTY ACCESS. Buyer and Buyer’s agents, representatives, consultants, architects and engineers shall 20
have the right, from time to time during the feasibility contingency, to enter onto the Property and to conduct any 21
tests or studies that Buyer may need to ascertain the condition and suitability of the Property for Buyer’s intended 22
purpose. Buyer shall restore the Property and all improvements on the Property to the same condition they were 23
in prior to the inspection. Buyer shall be responsible for all damages resulting from any inspection of the Property 24
performed on Buyer’s behalf. Seller shall cooperate with Buyer in obtaining permits or other approvals Buyer may 25
reasonably require for Buyer’s intended use of the Property; provided that Seller shall not be required to incur any 26
liability or expense in doing so. 27
1. Title Contingency. This Agreement is subject to Buyer's review of a preliminary commitment for title insurance, 5
together with any easements, covenants, conditions and restrictions of record. Buyer shall have 5_________ 6
✘ the date of Buyer’s receipt of the preliminary commitment for title insurance; 7
days (5 days if not filled in) from
or mutual acceptance (from the date of Buyer’s receipt, if neither box checked) to give notice of Buyer's 8
disapproval of exceptions contained in the preliminary commitment. If Buyer receives the preliminary 9
commitment before mutual acceptance, Buyer’s time to review shall begin on mutual acceptance. The 10
preliminary commitment delivered for review under this contingency need not identify Buyer as the insured. 11
Seller shall have __________ days (5 days if not filled in) after Buyer's notice of disapproval to give Buyer 12
notice that Seller will clear all disapproved exceptions. Seller shall have until the Closing Date to clear all 13
disapproved exceptions. 14
If Seller does not give timely notice that Seller will clear all disapproved exceptions, Buyer may terminate this 15
Agreement within 3 days after the deadline for Seller's notice. In the event Buyer elects to terminate the 16
Agreement, the Earnest Money shall be returned to Buyer. If Buyer does not timely terminate the Agreement, 17
Buyer shall be deemed to have waived all objections to title, which Seller did not agree to clear. 18
2. Supplemental Title Reports. If supplemental title reports disclose new exception(s) to the title commitment, 19
then the above time periods and procedures for notice, correction, and termination for those new exceptions 20
shall apply to the date of Buyer's receipt of the supplemental title report. The Closing date shall be extended as 21
necessary to accommodate the foregoing times for notices. 22
3. Marketable Title. This Addendum does not relieve Seller of the obligation to provide marketable title at Closing 23
as provided for in the Agreement. 24
Exhibit A
(Parcel number: 856316-0020)
**This legal description has been copied from the last vesting deed recorded in the
public record. This legal description may change after a complete examination of the
subject property and subsequent issuance of a preliminary title insurance commitment.
For a fully researched legal description, please refer to Exhibit A in your preliminary title
insurance commitment. Also please refer to your preliminary title insurance commitment
for all matters affecting the subject property in the public record, if any **