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First America Closing Documents F�rstAme�rcan T.rtle Insurance Company '�I FfrstAmerican 40�Spoka�ie Falls Blvd•Spokane,WA 99242 Buyer'�Est�rx�ated Settlement Statemet�t Prope�•fy: Vacant Land, Spokane Valley,WA 99206 rils No: 4251-196&763 �i Officer: Da�vn McClanahan/Dm Nef�Loan No: EstimRtec��ettlen�ent Date: 10/31/2012 Disbursement Date: Priut Date: 10/26/2012, 1 J:48 AM Bieyer; City of Spokane Valley Addx•ess: 11707 East Spragu�Ave., 5te. 146, Spokane Valley,WA 99206 Sellet': Pring Corporation � Adc�t•ess: 15404 East Spri�ifield Ave., Spokane Vatiey,WA 99037-a457 � '. CI�uir�e Descriptitin , : . Bu er Char e Bu�er Credit �onsiderativn: Catai Considera#ion 2,500,000.40 CitIe/Escz•ow CIia�• es to: ;scrowlClosi�� Fee to First American Tit[e Ins�rance Coin an $I,SOQ.�O Sales Tax:$]34.50 t,630.50 Zecard VVarrant Deed-First to Firsl American Title Jnsnrance Co�n a�� 37.5a Cxsh{X From)( To)Borro�ve�• 2,503,668.00 TotaIs 2,541,668.04 2,501,568.40 Buyer{S): City of Spokane Vafl�y, a municipaf eorpor io the Stte of Washington . By:Mik� son, Ciky Manager �;S„_��8 r� FirstAmerlran Title Insurance Company ° � qp E Spokane�alls Blvd . ` �`�������r.���.� `�� ,�_ ��' Spokane,WA 992U2 Phn- (5D9)456-0550 (888)863-97$8 Fax- (86b)510-4f67 escrowspoka ne.wa@f rstam.com City of S�okane Valley October 31, 2412 i1707 East Sprague A�e., Ste, �06 File No,; 425�-19&8763 (Dm) Spokane Valley, WA 99206 A7TiV: Mike Jackson Re: Property. Vacant LancE,S�akane VaIley,WA 992U6 The closing of t�e abave referenced transaction is now complete. For ya�r records we enclose the following: (Keep the.se instruments in a safe p/ace as some of them cannot bs rep/aced.� + �inal WllD-I Statement and/ar S�ttlement Statement Your Deed and Policy of Trtle Insurance will be forwarded separately. Ifchecks are included in this package,please negotiate as saon as possi6le. Should you have any questions or need fur�her assistance, pfease eontact the undersigned. We a� First Amer+can Title Insurance Company would like ta take this oppor�unity to thanlc you for the privi[ege of providing closing services for this transaction. Yau are in�ited to call First American Title Tnsura�ce Company for al[ your title a�d escrovr ne�ds. We Iook forv�rard to working with you in the futurel ��rs - mer'ca i� Ins ranCe Company a � �� . �� S el ey Niehenke, Assistant for Dawn McClenahan, Escraw �fficer k F.��stAmerrcan T.ttle Insurance Company �k�rst Americart � i 40 E Spokane Palls Blvd•Spolcane,�VA 99202 Buyet•'s Flna.l Settlement Stateme_nt P�•opei�ty: Vacant Land, S�a�Ca�le Valley,WA 9920b T'ile No: 4251-1968763 �f�ce�•: Da�vn McClenal�an/�N Ne�i�Loan Na: Settiement Date: 10/31/2012 Disbtn•se�e�it Date: 10/31/2012 Print D�te: 10/31/2012,3;48 PM Buyex•: City of Spokane Valley Acldress: ]I707�ast Sprague Ave., Ste. 106, Spokane Valley,WA 99206 Seller: Pring Coiporation Address: 15404 East Sprinfield Av�., Spakane VaIley,WA 99037-0457 � � ; C�aax• e Descri tion Bu e�Char e Btz er Credit Consideration; To#al Consideration 2,SQ4,000.(l0 � Deposits in Esc��otiv: Recaipt I�Io,425156247 on 1Of31/2a12 b Gity of SpokAne Valle 2,54f,b6$.00 TitlelEscrow Cliar es ta: � F.scrow/Closing Fee to�'irst American Title Insura�lce Cam an $1,SOO.flO Sales Tax:$130,50 1,634.50 Recotd�Varranty Deed-�t3-st to First A�i�erican`I'itle Insuraiica Com an 3'7.50 Tot�ls 2,5fl1,G68.00 2,501,668.00 First American Title Insurance Company By �i.�� �C��1'�C��C%.��i Dawn McClenahart z�; ""`i 4��. Firstslmerican Title Insurance Campany +". Y� * = 40 E Spokane Falfs 81vd �r����4���.���� �`'�� �s-�� Spokane,WA99202 Phn- (509�156-0554 (888)863-9786 ' Fax- (866)510-Ai57 escrowspokane.wa@firstam.com ', , DYSCLOSURES TO TH� PARTTES UNDER APR �.2 Dated: October 26, 2012 File No,. 4251-1968763 (Dm} IN ACCORDANCE WITH THE REQUIREMENTS O� A.P.R, !.2 OF THE SUPREME COURT OF TH� STATE 0� WA5HINGTON, FIRST AMERICAN TITi.E INSURANC� COMPANY AND TH� CLOSING O��ICER SPECIFIED BEE.QW HAV�TH� �UTY TO ZNF4RM Y�U OF 7HE FOLi.OWING: 1) The Closing O�cer is �ot acting as tY�e advoca��ar repr�sentative af either of the parties; 2) The Closing O�cer will prepare dacuments whiclt a�feCt the I�gal rights of both par�ies; 3) The parties may have difFering €nterest in the docu�nents; 4) The parties have the rig�t to be r�present�d by lawyers af their own se�ection and each party may have a separate lawyer; 5) The Closing Offcer cannot give legal advice to the parties concerning the manner in which the docurnents affect those }�arties. 7he Closing Officer is on[y permitted to select and complete documents wi�ich have been ap�roved by the Limiteci Praetice Board in accordance with a written Purchase and Sales Agree�ent which contains a!I of the basic terms of the transaction. The Closing Officer is not permi�ted to �negotiate terms which are not incl�aded in the written . Purchase and Sales Agreerne�t. The Closing Officer is not per�nit�ed to practice law. I is tra s ction your C[osing Officer is: Dawr� McCienahan F R5T AMERICA TITLE I URANCE COMPANY By� �� � 1 ,���� �awn cClenahan, LP � #i0040 Please acknowfedge receipt of the �oregoing Nntice nf Compliance with A.P.R,1Z and tha�you har�e read the same by signing your name(s) to the capy of this Natice on the signaturs line{s) below, (If such fVotice has been hand delivered or mailed to yo�, please return the copy of the Notice showing your signature(s) in the enclosed, seff addressed envelope.} We will be unabEe to cantinue with the c[osing until we have received the signed Notice from you. 'Sf � T have received and read a copy of the Disclosure, and understand its eontents this �l day of �1�2S�z-- , 20 �� , City of Spokane Va11ey, a municipal corporation of fhe Stte of Washingtan �� By: Mi acksan, Cify Manager ��,+ '"_�.e First,4merltan Ti�1e Insurance Company y 40 E Spokane Falis Blvd i , � �`i3.''S�'�1�3f�`�".�Cc�.t� " � Spokane,WA 99Z�Z ^� .� Phn- (5D9}455-6554 (888)863-9788 Fax- (8fi6)510-4167 escrow.spoka�e.wa@firstam.com Pring Cor�oration, a Washingtart carporation � I By: Bradfe . Pring, Pr ident ,��� ""rt�E.* FirstAmericanTitlelnsuranteGampany .' � • • 40 E Spokane Fal[s Bivd - .������������� `� � Spokane,WA 99202 � ��� Phn- (5U9)456-0550 (888}863-9788 Fax- (866)5f0-4267 esc�ow.spokane.wa@Frstam.com ATi"ACHML�IVT TO DISCI.OSUR�S 7�TH� PARTIES UNDER APR 12 Date: Id/23/2012 File No.. 425].-1968763 (D�n) THE FOLLOWING DOCiJMENTS INITIALED HAVE BEEN SELECTED AND PREPAitED BY TH� I.IMiTED PRACTICE OFFIC�R. DRM EXCISE TAX AFFI�AVIT SUPPLEMENTAL EXCISE TAX AFFI�AVIT DRM LPB i4 STATUTORY WARRANTY D�ED LPB f 1 STATUTORY WAKRANT( D��D (�ULFIC.LM�iVT OF REC} LPB 12 QUIT CLAIM DEED �PB 13 S�LLER'S ASSIGNMENT OF CONTRACT AND DEED LPB 14 PURCHASER'S ASSIGNMENT OF CONTRACT ANb DEEC} LPB 15 BARGAIEV ANa SAL� DEEQ ��'B 16-09 SFEGiA�WARRANTY DEED LPB 2t3 D��Q 0�TRUST{SHORT FORM) LPB 21 ASSIGfVMEN7 OF I��EQ OF TRllST LPB 22 l7E�D 0�TRUST(LONG FORM) LPB 22A DEED 0�TRUST LPB 23 R�QU�ST FOR FUl.C. RECONVEYANCE L.PB 24 REQIJ�ST FOR PARTIAL R�CONVEYANCE LPB 28A PROMISSORY NOTE LP8 29 REQllFST FOR NOTICE � LPB 30 BILL OF SALE LPB 35 SUBORDI�fATION AGRE�M�NT �PB �+4 REAL ESTATE CONTRAC7(SHORT FORM) �PB 45 REAL ESTATE CONTRACT(LONG FORM) LPB 50 MO�t7GAG� (STATUI"ORY FORM) LPB 51 5ATIS�ACTTOI� OF MORTGAGE LPB 52 PAR7TAE. R�L�ASE OF MORTGAGE LPB 60 RELEASE O� LT�N LPB b1 PARTIAL RELEAS� 0� LIEt� LPB 62 SATiSFACTION OF JUDGM�NT I�ITIALS: r�-� �,� '��+f� PirstAmerican Tit/e Insurance Campa»y .° '* ! 40 E Spokane Fafis Blvd �rr��A������� 4��. .r�. �!� Spokane.WA 99202 Pi�n- (509}456-0550 (888)863-9788 �ax- (8fi6)510-4I67 escrow.spokane.wa@f rstam.com AT7'ACHMENT TU DISC[.OSURES TO THE PARTIES UNDER APR 12 cor�tinued pate: October 23, 20i2 File No.: �251-f9687b3 (Dm LPB 63 PARTIAL RELEAS� 0�JUbGMENT LPB 64 WAiVER OF LIEN LPB 65 PAR7IAL WAIV�R 0� LI�N LPB 70 SPECIAL POW�R OF ATi"ORN�Y(SALE) ', LPB 71 SPECIAL POWER OF ATTORNEY(PURCHASE/ENCUMBER) ' LPB 72S CONSUMER USE TAX RET�l1RN (DEPARTM�EVT OF REV�NU�) LPB 72 USE TAX REfURN LPB 73 PERSON PR��ERTY SECURTTY AGR��MEN7 AUDiTOR'S COVER SHEET EJCC UGC UCC p�PARTMENT OF LICENSIf�G �ORMS LENDER �OAN DOCUMENTS THAT ARE APPROV�p ANp n�SIGNED FOR USE BY THE SECONDARY MORTGAG� MARKEf INC�UDING NQTES, DEEDS OF TRUST AND RTb�RS, ASSIGNMENT OF MORTGAGE, ASSIGNMENT OF REVERSE ACCOUN�" FllE�pS, pEPARTMENT OF HOUSING AND LIRBAN DEVE'LOPMENT DOC�7MENTS. THE LIMTTED PRACTICE QFFICER DI� NOT PREPARE TRUTH-IN- LENDIIVG DISCLOSURE. FMHALOAN pOCUMENTS IN�AI.S: � �� �`� i �{S "*'�r t �irstAmerican Tit1e Ihsurance Company i` '* ���,���������� 40 E 5pakane Fal�s Blvd � ���. , �.�� Spo[cane,WA 99202 ' Phn- (509)456-0554 (886)863-9788 I Fax- (Sfi6)51U-41b7 escrow,spokane.wa@firstam.com To: F'rrst American Title Ynsurance Comparty �ate: Octot�er 23, 2012 �scrow Officer: Dawn McClenahan �iie No,: �4251-i9687'63 (Dmj Re: Vacant Land, Spokane ValEey, WA 9920b �ISCLOSUR� ON TITLE REPORT The undersigned par�ies have received a copy of the �reliminary title report for the abave referenced transaction, and understand its terms an� conditions: Said title report is at�ached he�eto and has been explained to us. � Dated the��S day of '� , 20 �� City of Spokane Vafley, a municipal cor�oration of#he Stte of Was�ington By: Mike san, City Manager Pring Corporation, a Washingfon carporation J�� � By: Bradley , Pring, President Aage 10€ 1 �orm No. 1068-2 Commitme�t I3o.:4259-1968763 ALTA P�ain Language Commitrr3ent Page 4 oF 9 SCHE�ULE B S�CTxON �� EXCEPTIONS PART TWO: Any policy we issue wili have the followi�g exceptions unless they are taken care of ta our satisfactian. The printec! exce�tions and exclusions from the coverage af the policy or policies are availab[e from the office whfch issued this Commitment. Goples of the poli�y forms should be read. � L.ien of the Real Estate Exeise Sales Tax and Surcharge upon any safe of said premises, if unpaid. As of the date herein, the excise tax rate for the City af SpoEcane Valley is a� 1.78 °10. Levy/Area Code: 0144 For a!I transactions recordet! an or after Juiy 1, 2005: , . A fee af�10.00 will be charged on all exempt transat�ions; , • A fee of�5.00 will be charged on all taxable transactiorts in additian ta the excise tax due. � Gen�ral Taxes for the y�ar 2012. The first half becomes delinquent after Aprif 30th. The second half becomes deli€�quent after October 31st. Tax Account EVo.: 45�74.9053 ist Half Amount Bil�ed: � 5,50i.3�€ Amount Paid; $ 5�501.34 Amount Que: $ 0.00 AssessecE Land Value: $ 780,610.U0 Assessed Impro�ement Value: $ 0.00 2nd Ha[f Amount 8illed: � 5,50�.34 Amaunt Paid: � OAO Arnount Due; � 5,501.34 Assessed Land Value: $ 780,5Ifl.Oa Assessed Improvement Value: $ 0.00 � Generaf Taxes for the year 2012. The first half becomes delin�uent aft�r April 3�th. The second haEf becomes delinquent after October 31s�. Tax Aceo�ant No.: 45174,9054 ist Hal# Amo�nt Billed: $ 5,502.33 Amount Paid: $ 5,502.33 Arnount Due. � 0.00 Assessed Land ValUe; � 780,750.00 Assessed ImProvement Va(ue: � 0.00 2nd Half �1�r Amount Billed; $ 5,502.33 �� Amount Paid: $ fl.00 Amount Due: $ 5,5Q2.33 Ass�ssed Land V�lue, $ 780,750.00 Assessed Im�roveme�t Va1ue; $ 0.00 �'irstAmerican Tifle Form No. I068-2 Comrrzitment No,:4259-1958763 AITA Fiain Language Commitment Page 5 of 9 � General taxes for tf�e year 20�.z, which have bee�t paid. Tax Acco�ant No.: 45174.9455 Amount: $ 15,fl4 Assessed L.and Value: $ 500.00 Assessed Im�ro�ement Va�ue: � O.dd � General taxes for the year 2012, which ha�e been paid. Tax Acco�rr�t Na.. 45174.9056 Amount: $ 15.Q4 Assessed Land Value: $ 5�a.00 Assessed Tmprovement VaEue. $ 0.00 6. Rights of way for ditehes and pipelines as provided for in cor�tract fo Madern Electric Water Company, dated November 4, 1905. Recorded in Vo]ume °E" of Contracts� Page 267. Inquiry slioulci be made as �o any unpaid charges by Modern Electric Water Campariy. � � Conditions, notes, easements, provisions and/or encroachmen�s contained and/or delineated on , the face of the Survey fVo, 8708130221, recorded in baok 39 of surveys, at page(s) 83, in ,, Spo[cane County, Washington, i f Memoranc�um of Agreement and the terrns and conditions thereof: �! Among: Pring Corporation, a Washington corporation, �he Esta�e of � Grant F, Groesbeck and John A, Pring, Jr., and Donna M, Pring, as "husband and wife" And: Schurgin Development Companies, a California lirnited pa�nership Re: relating to the acquisikian and developrnent of property located at tt�e Nor�heast corner of 5prague Avenue and WeraEd Road Dated: March 15, 1988 Recorded: April 29, J.988 Recording Infarmation; $80429d166; Vofume 965, Page 553 As Follows: The Agreement provides, among other things, far the sale of the , Real P�operty by SeEler to Buyer subject tv the terms set for�h in the Agreement 9. Easement Agreement and the terms and eonditions thereaf: �atween: E1�ctric Lightwa�e inc., a DeEaware corparation Recorded: June 19, 1998 Recording Information: 4234321 10. A lease and the�erms and canditions thereof. E.essor: Pring Corporation Lessee: Lamar Outdoor Advettising Term: ten (10) years fram December 1, 2002 Dated; September 30, 20�2 Recorded: November 18, 2002 .�,��� Recording Tnformation; 4803107 � First�finerican Title Farm No. 1068-2 Commikment�lo.:�259-1966763 ALTA Plafn Language Commitrnent Page 6 of 9 1�., A lease and the terms and �onditions thereof. Lessar: Pring Carporation Lessee: Lamar Outdoor Advertising Term: ten {10} years from December 1, 2002 � Dated: September 30, ZQOZ Recorded: Nove�nber 18, 2002 Recording Information: 4803108 ', 1.� Evid�nce of kh� au�hority of the officers of Pring Corporatian, to execute the forthCaming � f� instrument. Please submit a resolution tcr sel[ ri�____Mar t_o clo,� SjnQ• f, F . :�� , '� � __� first American Trtle Farm No. 10b8-2 Commitment�lo.:4258-1988763 ALTA Plain Language Commitment Page 2 of 4 SCHEDULE A 1. Commitment aate; Septembe�20, 2012 at 7:30 A.M. 2. Policy or PoliGies ta be issued: AMOUNT PREMIUM TAX Standard Owner's Covet�age $ TBD $ TBD $ TB❑ Pro�osed Insured: City of Spokane Vafley 3, (A} The estate ar interest in the land descrlb�d in this Commitm�nt is: - �ee Simple (B) Titfe to said estate or interest at t�e date hereaf is vested in; Pring Corporation, a Washingfion corporation , 4. T}�e land referred to in this Commitment is described as follows: II Real property in the County of Spokane, Sta��of Washington, described as fo[lows; ThIE SOUTHEAST QUAR7�R 0�7FiE SOUThEW�ST QUARTER OF THE SOUTH�AST'QUARTER QF � SECTiON J.7, TOWNSHIP 25 NORTM, RANGE 44 EAST, W.M,, IN THE CIIY OF SPOICANE VALLEY, SPOKAN� COUNTY, WASHT�GTO�l; �XCEPTING THER�FROM TH�W�ST 20 F�Ef"; FURTHER EXCEPTING THEREFROM THE NORTH 15 FEEf'; FURTH�R �XC�PTTNG TH�R�FROM TiiE SOUfH 80 FEET FOR SPRAGUE AVENUE. APN: 45174.9053 � APN: 45174.9054 AP�1: 45174.9a55 APN: 45174.9056 A4] � A��'�t�V�D ��.._.�-,..r FirstAmerican Title ,.._.,.�. : ... ,- ��� � a.zao� � � � 4.2�04 N �4.2�12 � � 311.28 `° i56 i,.L� , � 4.322� � ° � � ; M � g � 4.2513 s � � 4.2444 � N M W � � � � � 4. N � aa.os_- _ _ � m � � M � �.2�445 �, Q 3 1 88 a`� fia 5 I � }-h� � � i •w� �s wr� �6 wr� �ww sII^ t�w i'�AIM i� �!� � � s� �■ �65.61 � � 1�45.8� � . ' �� � �� � � � . v, � 4.9059.�: a.903'1 � � � � � i � � 4.9055 r o � � � � � �"�°--� � � � . ' � �1 L. M ` � ' 4.9053 , 145.fi7 ; � � 4.9054 � � � � �_�f` I q� � _ _ � _ , .i � �, � -�_- . .:..� I t�' � � 31i.33 ' �, i � �� �.so6o � � � � �4.9033 � � � . � � . . � 185.86 'E45.67 � __��.�__ S P RA��J��..�.� _,�__��.�_----.__.-___���.__.-__ a1�E__.� 16 169 � �� 1 3 .. � � I 1 .. � � �{.��'�') � � N "' " '1,0116 F � 9.0'E't5 � � � ��� � . 1 � �,� n � A���o��� � � . � Form Pio. 1068-2 Commitment Ha.:4259-1968763 ALTA Plain Language CommiEment Page 9 of 3 t*�4 "'�;q�t� FllSCAIl1EC1CdRT1tIBIllSIIrdACBCORI/78RJ� � �� �* /( 40�Spokane Falls Btvd - .�°����1'Z��,�,��`C�� 5pokane,WA 99202 ' �-' ��� Phn-(5U9)456-0550 �� � Fax-{856)537-9602 Fyt �NF�IC �I �� � �rstAmerican�tle L��� � Privacy FnformaEion We Are Commltted to SaFeguarding Customer TnformaEion In order to better serve your r�eeds rmw ar�d irt tS7e luture,we may ask you to protide us vrith tertafn lnFormatlon.We ursderstarid that you may be cwxemed about what we will do with such 9nfoamation-particv#arly any persa�al or fina�xlal(nFarmatbn.1Ne agree that you have a r{gfil to knorr how rre will�tilize#he perSOnal InFormatlon you provide to us.ThereTore,together�vith aur Subsidiarie5 we have adopted this PrivaCy PoliCy to go�em the USe arsd handling oF your personal informa4lon. 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Form 50-PRIVACY(8/SJ09) Page 1 of i Privacy Informat3on(2001-2010 F�rst Rmerican Fir�ancial Corporation) w`����.� � First�finerican Title s�a •"�;<,� �'irstAmerican Title Insurance Company .t '�y . • 40 E Sgokane Falls Blvd _ �rx-�t�.r�r,�e.�.���� `�, ��� Spokane,WA 992D2 Pitn- (509}456-D550 (888)863-9788 Fax- (856)510-4167 escrow.spoica r�e.wa@firstam.com SUPPLEMENTAL ESCROW INSTRUCT��NS To: Firsk American Title Insurance Company Date: October 23, 247.2 Fle �lo: 425�-196S7fi3 {�m) Re: Vacant Land, Spokane Valley, WA 99206 TAXES: Seller is a��rare that the Buyer is a political subdivision of the state of Washington;#l�erefore,this property will become exernpt from property taxes froin#he date of closing. Ciosing agent is ko pay tl�rough closing the 2nd 112 taxes from Seller praceeds. When the tax exempt status has been processed,the 5pokane County Treasurer will refund Seller from the date af closing to the end of the second haif ar 12131/2012. ALL OTHER'FERMS AND CONDITIONS O�7HIS ESCROW WILL REMAIN TH� SAM�. BUYER{S): City of Spokane Valley, a municipal corporation of ti�e Sfte of Washington � By: Mi�Ce J lcsan, City Manager SELLER(S}: Pring Corporation, a Washington corporatior� � � � l. By; Bradley T Pring, Presi enk Page 1 of 1 �irst American Titfe Insurance Compa�y File I�o.: �251-1968763 (Dm) Date: October 23, 20i.z No Fire Insurance: The Buyer is obtaining subject property"All Cash" and no Lender is invof�ed, t�erefore, ' Buyer shall obtain fire/hazard insurar�ce outside of this escrow. Buyer is aware that subject prv�erty should be !, covered by some type of�i�'e/hazard insurance, for Buyer`s own protection, �scrow Holder is relie�ed of any responsibility and�or Eiability with regard to arderfng said co�erage on behalf of 8uyer. Utiliiy Paymen�; Buyer(s) and Seller(s) he:rein ackr�owledge that the Escraw Agent WILL NOT be paying any closing bills for utility accounts as the property is vacant land. The undersigned acknowledge that they must cali the utility company{s) for final bills and ta have the account(s} �ransferred. Subject ta the provisions af Paragraph EVo. 7 of the GENERAL PROVISIO�f5 herein, thes� instructions shalf be irre�ocabfe by the undersignecf for a �eriad of thirty (30) days from �he date of fast execution hereof and shalf be performed within said periad or thereafter until writfen demand is made �apon you for the canCellation thereof. Buyer s}tall pay one-half the scheduled escrow fee, unEass this sale is �NA or VA financed, in w�ich case it shall be paicf acGOrding to �HA or VA regulations. Seller may pay one-half the seheduled escrow fee, 6ut shall be �ntitied to any builder's discount offered by the escrow agent or title insurer, which may result in Sell�r paying a lower escrow fee than Buyer. Daked the,�,..j S�day of � ��v�LC-- , 2a !�—� . SELlER(S): � . Pring Corparafion, a Washington corporation 5 �/ � fa By: Bradley . Pring, Pres�dent Address; 15�04 �ast Sprinfiefd A�e., Spokane Vafley,WA 99037�0�457 Tefephone: Sellers Instructions received this day of 20 at o'clock. PROCEEDS CHECK: [ ] Picfc�d up by Sel[ers [ ] Call When Ready [ � Mailed to Sel[e�s (Give new address if a�ailable) 15404 �ast SprinFeld A�e. Spokane Va�l�y� WA 99037-0457 � �� dated the �I day of �cJ r �C� ,� , 20 l�-J Page 5 of 6 � First American Title Insurance Company �i1e No.: 4Z5�.-].968763 (pm) Da�e: October 23, 2012 � BUY�R{S): Ciiy af Spokane Valley, a municipaf carporation of fhe Stte of Washington By: Mi[ce Ja son, City Manager Address: i � 7 �ast Sprague A�e.,Ste. �.06, S�okane Valley, WA 99206 Telephone: Page 6 of 6 ;S "��;�� PirstAmerrcan 7"itle Insurance Company k`� '� R • 40 E 5pokane�alls Blvd .�'x.������.r�►��� "*��. ��_�!� S�okane,WA 99�Oz P�n- (5U9)456-0550 (8$8)Bfi3-9788 Fax- (866}5i0-4167 escrowspokane.wa@firstam.com �SCR�W INSTRUCTIUNS VACANT LAND To: First American 7itte Insurance Company Comrnitmen� File No: 9�251-1968763 (Dm) 40 E Spo[tane Fa[is Bl�d Commitrr►e�t pate: Spolca�e, WA 992a2 �scrow Officer: Daw� McClenahan First American Title Insurance Company as �s�rowee, is hereby instructed by the Sel[er and t}�e B�yer named herein �o act as an independen� third party in closing this trar�saction. In so doing, �scrowee has or will sel�ct, prepare and complete certain fnstrumen�s or documents, which may substantial�y affect your fegal rights. If you have any questions regarding suc� doc�ments nr insfruments, or your rights, you should consult an at�orney of your choice, and First American Title Insurance Corr�pany recomrr�ends that you do so priar to signing such documents or instruments. I(We) fully [�nderstand that First American Ti�le Insura�ce Company is not licensed to practice law and that neither it nor any of its emp[oyees are permitted to affer lega� advice of any nature, nor ha�e they done so, �or may they advise as to the rnerits af a t�ansaction or the manner in which I(We} should hald titfe, Escrowe� has been hanclec4 a copy of the Purcf�ase and Sale Agreement or such atf�er dacuments and any Addendu�'ts, as constitute the Agreement to sell and purc�ase t�is property. Acting in accordance therewith, �scrowee is directed ta close t}�e transaction, anc� shall perform said clasing in accordance with the follawing instructions. In the event t�ere Es a variance between the terms of the Purchase and Sale Agreement and the fnaf terms of the sale as evidenced by the dacuments delivered under these ar other ins�ructions, and the closing statements agreed to by the par�ies, closing shall be in accordance witf� such documents, instructians and closing statemen�s. Ril principals �o this escrow acknowledge and agree that all terms and co�ditions of tt�at cer�ain Purchase and Sale Agreement dated October Iz, 2412, and all Addendurns Chereto, have been met, waived, or satisfied, or wil[ be resolved outside of escrow and Escrowee shall not be responsible for same, and they are no fanger to b� considered as conditions �o this closing. BUYEit AND SELL.��t ACKN�WL�DG� THAT SELLER'S DISCLOSURE STATEMENT AS REQUIRED tJNDER TFTL� fi4 �CW WILL BE DE�IVERED OR WAIVED OUT5TDE 0� �SCROW AND T5 NOT TO BE CONSIb�R�b A CONpITiON OF C�.4SING. SEI.LER{S) HEREIN DEPOSIT WITH YOU THE �OLLOWXNG: � X ] INarranty peed j X ] Excise Tax Affidavit [ ] Sill of Sale � ] R2al Estate Co11tC�Ct(to be jointly executed by Buyer) [ ] �eed I'�1 fulfillmetlt of sald Col�tl'aCt(To be returned to seller's possession on closing) [ X � Additio�al Documents: IRS 1099 R�P��tTTNG �ORM, FIRPTA Page 1 of 5 First American Title Insurance Company File No,: �#251-i9587b3 {Dm) Date: October 23, z0i.2 executed by and betweer� the followir�g: Pring Corporation, a Washingtan corporat�att, to C�ty of Spokane Valley, a murticipal corporation of the Stte of Washingtan, +nr�ich cover the premises fully described i� the abo�e referenced preliminary cammitment for title inst�rance (the "Cor�rnitment"), which docurnent(s) you are instructed ta r�cord, file, release and/or de{iver whe� yau have all necessary funds and/or other documents as fal[ows: PURSUANT TO PUCHASE AND SALE AGRE�M�NT Sel[er warrants to Escrowee that if Seller is an indi�idual, Seller is not a nan-resident alien for purposes of U.S. income taxation, or if Seller is a corporation, partnership, trust or estate, Seiler is r�ot a foreign entity. THE FOREIGiV INVESTMEfVT IN R�AL �ROP�RTY TAX AGT OF 1980 AS AMEIVDED BY TH� TAX fZEFORM ACT OF 1984 PLAC�S SPECIAL REQ�JiR�M�NTS FOR TAX REPORTING ANb WITHf�OLDING ON �HE AARTIES TO A REAL ESTA`�E 7RANSAC7f0�! WHERE THE TRANSFEROR (SELLER} TS A NON-R�SIDENT ALIEN OR NON-DOMESTIC CORP012ATION OR PARTNERSHIP OR IS A DOMESTIC CO�POEZATION OR PARTNERSHIP CO�fTROLL�D BY NON- R�SIDENTS OR NOf�-RESIDENT CORPORATIONS O�t PARTNERSHIPS. IT IS UND�RSTOOD AN� ACKNOWLE�GEfl BY THE UNDERSIGN�p TMAT FIRST AMERICAN TITLE TN5URAfVCE GOM�'A1�Y AND ITS ESCROW OR CLOSING �FFICER WILL NOT TAKE AN ACTTV� ROLE IN ETTFiER THE �ETERMIi�A7iON 0� THE NON-ALIEN STATUS OF THE SELLER TRAIVSFERO�t OR TW� WITHHOLDIIVG OF ANY FUNbS ANb THAT FIRST AMERICAN TITLE INSURA�3CE COMPANY ANb TTS CLOSiNG OFFICER MAK� NO ��PRESENTATIONS AfVD THAT PARTIES TO THIS TRANSACTION AR� SEEKING AN ATTORI�EY'S, ACCOUN7ANT'S OR OTHER TAX SPECIALI5T5 OPTNIONS COf�CERNING TH� EFFECT OF THIS ACT OEV THIS TftANSACTIOiV AND ARE NOT ACTING ON ANY STATEMENTS MADE OR OMITT�ED BY TH� �SCROW OR CLOSING OFFICE�t. Buyer herein has deposited $O.�U, in U.S. funds as Earnest Money with First American Title Insurance Co., and hancfs you herewith, and/or through their lender will deliv�r to Escrowee, f�nds sufFicient to clase. Buyer further hands you, or will cause to be defivered to you, such documents as may be required of them �o close thfs transaction. You are instructed �a disburse or pay out said funds when you ha�e recorded the necessary conveying document and/ar suc� o�her documents as required by this transactior�, ar�d can cause to be issued a policy af title insurance as calfed for in the Purchase and Sale Agreement, and as may be required by the lender, insuring tit[e in {iF by Deed) or an fnterest in (if by Cantract}, the narned BUyer(s), free from encurnbrance other than rrtatters attaching by, through or under the Bu er(s), and the fo�lowing paragraph(s} as set forth in the Commftment, which paragraph(s} is�are numbered as�in the Commitmen�, Said policy is to fur�f�er cvrttain thase insuring c�auses, exceptions, exclusions, provisions and stipulations custornarily containecf in the printed provisions of such policy ar policies, �� � � �� �.� ��� � Buyer and Sel[er a�knawledge receEpt of a copy af the Commitm�nt and have agreed to the matters to remain, and ha�e �xamined the legal description contained th�rein and acknowledge the sa�ne to be a full and carrect description of the real property tl�at is the subject of this trar�saction. . Sellers autharize dedu�ion and payment of alE encurnbrantes except those to be excePted fram caverage €n the tit[e insurance poiicy and ta pay ail other disbursements and charge as itemized on th� �stimated closing 5tatement and/or NUD Set�iement Statement {the "Closing Statement"), which Selfer sEgns co�temporaneo�asly herewith. If there are underlying encumbrances being paid off which require the obtaining of a Fulfillment Deed, Recanveyance, Release or Satisfactfon, you ar� ins�ructed to pay the demand of the appropriate party and obtain and record such a doeument, Sellers approve payment of the amount of the demand, including interest and/or per�al�ies and late charges, as shown on the Cjosing Staternent, even if Escrowee has not been able to abtain written verification of the amount claimed as due. Sellers authorize deduction and/or agree to pay forthwith any difFerence that may result if the fna[ written demand is higher than that shown on the Closir�g Statement. The Page 2 of 6 First American Tit[e Insurance Company �ile No.: 425i.-1968763 (Dm) Date; October 23, 20f2 undersigned acknowledge that the payo�€�gures on existing encurnbrances may accrue daily interest and are not to be considered ta �e paid irt fuil unti[ received by the party entitled thereto and tf�at interest will be pa�d to the clate of antici�ated receipt of funds 6y the entitled party. Par�ies her�ta aufhorize Escrowee ta transmit all documents, payoffs, checics, Eetters and all communication by reguEar service through the U.S. mails� and iF said items are cfeposited 'tn the U,S, Mail system a minimum of five (5) worfcing days befare any deadline, Escrowee shafl be relieved and discharged of any and all liability, and the obligated principal sf�all indemnify Escrowee against any and alf claims resulting therefrom, and if addit9onal funds are needed to satisfj+ these claims, the obligated prir�cipal shall d�poslt sa�rte forthwi�h. Buyers authorize paymer�t of thase charges ancf adjustments as iter�ized on the C[osing Staternent, which �uyer signs contemporaneously herewith. It is understaod and agreed that any Closing Statement is subject ta final adjustme�rt and audit, and may be arnended to reflect actua[ charges and adjustments at time of ciosing. If any monetary error is disco�ered, the principal liable therefor wil[ for�hwittt pay into escrow for disb�arsement such amounts as may be necessary. • All pro-rating is ta be done as of Recvrrling of Doctaments, an the basis of a 365-day year. Pro-rate tax�s based on the latest available tax figures. TNIS IS A VACANT LAND WITH NO IMPROV�MENTS. COI/ERAGE OF THE SU87ECT AROP�RTY WITH LIABILITY OR ANY O7H�R TfPE OF HAZARD INSURAEVCE IS THE SOLE ; RESPONSIBILITY OF THE BUYER ANb �SCROW�E IS R�i.I�VED OF ANY RESPONSIBIf_I1Y �R OBLTGATiON IN CONN�CTI�N THEREWI�"H. GENERAL PROVISIONS 1. Neither the matter of possession of the property nar the condition thereof ar st�itability far its lntended use shalf be in any way an obfigation af the Escrowee. Seller{s) warrant that aIl Homeowners Associa�ion dues and/or assessmen�.s are paid to date and no delinqtaencies exist. Buyer(s) assume responsibility for alf subs�qu�nt c�ues and/or assessments. Buyer and Seller acknowfedge ti�a� Sefler is responsible for the liens set forth in R.GW. 35.12.290; 35.67.20�; 36.36.045; 36.89,(}90; 36.94.150; 56.f6.1fl0; �7,08.080 or 87.03.445. In accordance with R,C.W. 60.90, Selfer may reqt�es� that Escrow Holder administer disbursement of closing funds necessary to satisfy the unpaid charges set forCh above. Escrow Holder is not liable if the Escrow Holder`s refusal to comply is based on t�e 5eller's inaccurate or incamp[ete identifica�ion of Utilities providir�g se�vi�e to the property or if a utility company fails to pra�ide an estimated or actual final billing, or writ�en extension of the per diem rate or if disburse�nent af clasing fun�s necessary to satisfy �n�aid charge would vialate R.C.W. 18.44.070, A fee may be charged for per�orming the services deseribed herein above. 2. You are a�thorized to fill in the c�ate of cEose of escraw and s�ch other necessary dates on any documents which require same to correct any ty�ing or scri�eners errors on any doe�rr�ent defivered into escrow. Date of clasing means th� date on which insCruments referred to herein are r�torded. Recording any instrume�t delivered into this escrow, if necessary or proper in the issuance ot policies of titie insurance called far, is hereby authorized, 3. A[I disbursem�nts shall be in U,S. funds and shall be by �scrowee's checK, or by wire transfer. �scrow funds wifl be placed in an escrow aecount which will pay no interest to depositor unless specifiCafly requesteci. Parties hereto understand and agree that all funds delivered into escraw are subject ta imm�diaYe deposit, and that all cheeks must ciear and be credited to �scrowee's trust account as goad and sufFicient U.S. funds before closing �an be completed. Any delay in clearing deposits wilE delay closing. �}. In ti�e event this escrow fails to ciose, a sum sufficient to pay title eommitment and escrow cancellation charges shall be paid, and as appropriate, may be deducted from funcls held. 5, Th� comp[iance with ordinances required by any governing bodies including City or County Short Plan {Subdivision} ordinances will be the responsibility of th� necessary principa[ parties herein and escrow is relie�ed of all liability fn connection therewith. Any and all charges far building permits ar assessed charges in cannection therewith will be handled outside of escrow. It is und�rstood and agreed that upon applicatian �or a Building Page 3 ot 6 First Am�rican Title Insurance Company File Na.: 4251-3.968763 {Dm} Date: �ctaber 23, 2012 Permit, it rnay be necessary to pay certain charges for tap and/or service connections, or certain charges for or in lieu of assess�nents, for which neithe� Es�rowee nor ifs err�ployees shal! be 1ia61e or responsible. 6. You are �o furnfsh a �opy of th�s� instruchions, amendments thereto, closing statemenks and/o� any other documents deposited in this escrow to the le�der ar lenders, the reaf estate bro�cer ar broke�s and/or the aitorney or at�orneys inva[ved in thfs transaction upon request of such parties. 7. In the event any dispute sha11 arise involving a party to this escrow concernir�g the property covered by these instructians, or �n the event Conflicting demands or clairns are made with respec� to this esc�ow or the righ�s of any of the parties hereto, it is expressly agreed that Escrowee shall have the absofute right, at its e�ection, to do any� or all of the folEowing: Withhold and stop al[ fur�her proceedings in performance of this escrow; file suit in interpfeader and obtain an order from tE�e court requi�ing the par�ies to interplead and lirigate their claims and rights arnong themselves; or Essue a check to either Seller or Buyer made payable joint[y to Seller and Buyer in the amaunt of the surr�s En dispute, In the event an interpleader suit is brought, �scrowee shall be immediately fully released and dEscharged from all obligations to further perform any and all duties or obligations imposed ; upon it in this escrow. Bc�yer agrees jointly and severally with 5eller to pay Escrowee all costs, darnages, judgments and expenses sufFered, expended or incurred by Escrowee in con�ection witf� or arising aut of t�is escrow, including, but not Ilmited to, reasonabfe attorneys fees. 8. Any additional instructians given to khe Escrowee herein shall be presented in writing. Buyer and SefEer fu�her understand that conte�-nporaneously herewith there rrtay be instructions by third par�ies which are ne�essary for the compfetion of this escrow and are, therefore, made a part hereof; nameiy, such instructions as may be received from a lender� grantor, vendor, or others, affecting the property which is the subject of this escrow. 9. These escrow instructions, and amenc�ments �e�eta, may be executed in one or more caunterparts, each of which independently shall ha�e the same effect as iE it were t�e or�ginal, and all of which taken together shalf constit�ate one and the same instruction. 10. We have been afforded adequate time and oppor�unity to read, undersfand and appro�e khese Escrow Instructians and all documenfis referred to herEin. 1i. The par�ies hereto authorize yo€a to destroy these instructions and all recards of th€s escrow, regardless of date of same, at any time after seven (7) years from the dat�: of these instructians without liability on your par�, or neecf of further notice to or from us. 12. Interna[ Revenue Code Seetion 6109(h) imposes rec�uirements for furnishing, disclosing, ar�d including taxpayer identification number in tax returns or� the parties to a residential real esta�e transaction in�olving Sel[er-�rovided financing. The par�ies understand thaf the disclosure reporting requiremants are exclusfve vbligations between the patties to this �ransactEan and that First American Tit(e Insuranc�; Company is not obligated to transmit the taxpayer identi�catio� numbers to t}�e Internaf Re�ent�e Service or to the parties. First Americar� Title Insurance Company is not rend�ring an opinion concerning the effect of this law on the transaction, and the parties ar� not acting on any statements made or omitted by the escrow or closing ofFicer. To facilitate compEiance with this law, the par�ies to this escrow hereby autharize First American Title Insurance Compar�y to release any party's taxpayer identification number fo any requesting party who is a party to this transaction. The requesting part shall de[iver a writ�en request ta escrow. 7he partfes hereto wai�e all righ�.s confider�tiality regarding their respective taxpayer identification �umbers and agree to hold Firs� American Title Insurance Company harrnless against any fees, cas�s, or judgments incur�'ed and�or awarded in connection with the release of taxpayer identifieation numbers. AD�ITIONAL INSTRUCTIONS: Purchase Agreement Terms, Met Satis�i�t[ or Waived: All pa�ties agree t�at the terms and conditions af the Purchase and Sales Ag�eement have been met or wai�ed to everyone`s satisfaction. Page 4 of G