Escrow Officer Mig Welder
Resume:
First American Title Insurance Company
Bellevue, Washington 98004
Phn - 425-***-****
Fax - 866-***-****
Somsak Khammungkhune and Southy Khammungkhune August 16, 2016 7964 Military Road S File No: 424*-******* (CY)
Seattle, WA 98108
Re: Property: 7964 Military Road S, Seattle, WA 98108 Congratulations on the sale of your property referenced above. First American Title Insurance Company will be handling your transaction. I, Christine Yuan, am your escrow officer and I can be reached at (425)732- 4881 or *****@*******.***. My assistant, Tracy Yiu, can be reached at 425-***-**** or ****@*******.***. Please do not hesitate to call or email at any time during your transaction. COMPLETE IN FULL, SIGN AND RETURN the enclosed items: Note: Completing and returning these items quickly will help us expedite the necessary processes on your file.
• Disclosures to the Parties Under APR 12
• Transaction Information and Authorization Form
The following items are for your records:
• Escrow Action Items (these are items that may require your attention prior to close of escrow)
• Privacy Policy Notice
Upon completion of the enclosed documents, please return them using one of the following methods:
• Email to ***************@*******.***
• Fax to 1-888-***-****
• Mail using the envelope provided
Should you have questions or need further assistance, please contact the undersigned. We appreciate the opportunity to serve you.
First American Title Insurance Company
Tracy Yiu, Assistant for
Christine Yuan, Escrow Officer
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First American Title Insurance Company
11400 SE 8th St, Ste 250
Bellevue, Washington 98004
Phn - 425-***-****
Fax - 866-***-****
DISCLOSURES TO THE PARTIES
UNDER APR 12
Dated: August 16, 2016 File No.: 424*-******* (CY) IN ACCORDANCE WITH THE REQUIREMENTS OF A.P.R. 12 OF THE SUPREME COURT OF THE STATE OF WASHINGTON, First American Title Insurance Company AND THE CLOSING OFFICER SPECIFIED BELOW HAVE THE DUTY TO INFORM YOU OF THE FOLLOWING: 1) The Closing Officer is not acting as the advocate or representative of either of the parties; 2) The Closing Officer will prepare documents which affect the legal rights of both parties; 3) The parties may have differing interest in the documents; 4) The parties have the right to be represented by lawyers of their own selection and each party may have a separate lawyer;
5) The Closing Officer cannot give legal advice to the parties concerning the manner in which the documents affect those parties.
The Closing Officer is only permitted to select and complete documents which have been approved by the Limited Practice Board in accordance with a written Purchase and Sales Agreement which contains all of the basic terms of the transaction. The Closing Officer is not permitted to negotiate terms which are not included in the written Purchase and Sales Agreement. The Closing Officer is not permitted to practice law. In this transaction your Closing Officer is: Christine Yuan First American Title Insurance Company
By:
Christine Yuan, LPO #10492
Please acknowledge receipt of the foregoing Notice of Compliance with A.P.R.12 and that you have read the same by signing your name(s) to the copy of this Notice on the signature line(s) below. (If such Notice has been hand delivered or mailed to you, please return the copy of the Notice showing your signature(s) in the enclosed, self addressed envelope.) We will be unable to continue with the closing until we have received the signed Notice from you.
I have received and read a copy of the Disclosure, and understand its contents this day of
, 20 .
Somsak Khammungkhune
Southy Khammungkhune
First American Title Insurance Company
11400 SE 8th St, Ste 250
Bellevue, Washington 98004
Phn - 425-***-****
Fax - 866-***-****
To: First American Title Insurance Company File No.: 424*-******* (CY) Escrow Officer: Christine Yuan
Property Address: 7964 Military Road S, Seattle, WA 98108 TRANSACTION INFORMATION & AUTHORIZATION FORM
(Be sure to include any secured Equity/Credit Lines & other information as applicable) PLEASE COMPLETE, SIGN AND RETURN AS SOON AS POSSIBLE Existing FIRST Lender Street Address Loan No.: City, State Zip Phone No.: Existing SECOND Lender
OR Equity/Credit Line Street Address Loan No.: City, State Zip Phone No.:
(attach additional pages if necessary)
HOA/Condo Association Street Address Ref No.: City, State Zip Phone No.: Management Co. Street Address Ref No.: City, State Zip Phone No.:
(attach additional pages if necessary)
Water/Garbage/Sewer Street Address Ref No.: City, State Zip Phone No.: Water/Garbage/Sewer Street Address Ref No.: City, State Zip Phone No.: Sewer Capacity Charge
Info
Street Address Ref No.: City, State Zip Phone No.: Electric Company Street Address Ref No.: City, State Zip Phone No.:
(attach additional pages if necessary)
Oil Tank Street Address Ref No.: City, State Zip Phone No.:
(attach additional pages if necessary)
Other (ie; Leased Fixtures) Street Address Ref No.: City, State Zip Phone No.:
(attach additional pages if necessary)
First American Title Insurance Company
11400 SE 8th St, Ste 250
Bellevue, Washington 98004
Phn - 425-***-****
Fax - 866-***-****
To: First American Title Insurance Company File No.: 424*-******* (CY) Escrow Officer: Christine Yuan
Property Address: 7964 Military Road S, Seattle, WA 98108 AUTHORIZATION: The undersigned authorize First American Title Insurance Company to: obtain statements from, comply with the instructions from, speak to, provide full information and pay fees
(for example: statement fees, late fees) from all lienholders on the above referenced property. Fees are to be paid from the undersigned’s proceeds, at close of escrow. EQUITY CREDIT LINES: The undersigned hereby instruct Lender to "freeze" the existing credit line upon receipt of this signed statement, and acknowledge the equity line will be closed upon receipt of payment. The undersigned agree(s) I/we will not take any further advances/draws from this account.
Signature: Somsak
Khammungkhune (date)
Signature: Southy
Khammungkhune (date)
Social Security Number Social Security Number
Marital Status As Applicable: Married: Domestic Partnership: Single: Separated: Name of Spouse or Domestic
Partner: (please print)
Are you a U.S. Citizen [ ] Yes [ ] No Are you a U.S. Citizen [ ] Yes [ ] No If No, are you a Resident Alien [ ] Yes [ ] No If No, are you a Resident Alien [ ] Yes [ ] No If No Resident Alien Card, you may be required to pay additional tax.
If No Resident Alien Card, you may be required to pay additional tax.
Please STOP and call your Escrow Officer Please STOP and call your Escrow Officer Home Phone: Home Phone (if not same): Bus Phone: Bus Phone: Cell Phone: Cell Phone: Email Addr: Email Addr: Forwarding Street Address Forwarding Street Address (if not same) City, State Zip Code City, State Zip Code
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First American Title Insurance Company
11400 SE 8th St, Ste 250
Bellevue, Washington 98004
Phn - 425-***-****
Fax - 866-***-****
ESCROW ACTION ITEMS - SELLER
Escrow Officer: Christine Yuan File No.: 424*-******* (CY) LENDER PAYOFF INFORMATION: At the close of escrow, your existing real estate loan(s), line of credit, etc., will be paid off from your proceeds. If you have not already done so, please provide your real estate professional or escrow officer with the payoff lender(s) information. Completing the enclosed TRANSACTION INFORMATION AND AUTHORIZATION form will assist in this process and enable us to order the payoff information in a timely manner. You will be contacted if advance payment of the statement fee is required. COMMITMENT/PRELIMINARY REPORT: The Title Company will issue a report prior to preparing a Policy of Title Insurance. The report will show the current ownership of the property and provide an overview of the liens and/or encumbrances that existed at the time the report was issued. If requested by your real estate agent, you may receive a copy of the report by mail; otherwise, your agent will receive the report and should review it with you. If you have questions regarding this report, please call your escrow officer. HOMEOWNER'S ASSOCIATIONS: If your property is covered by a homeowner's association we will order a statement requesting current dues and transfer information from the association and/or management company. If you have not already done so, please provide us with the association and/or management information.
**CLOSING FUNDS:** If funds will be required from you at closing, we will provide you with the amount needed prior to or at your signing appointment. THE FUNDS MUST BE IN THE FORM OF A CASHIER'S CHECK, DRAWN ON A WASHINGTON STATE BANK, PAYABLE TO FIRST AMERICAN TITLE INSURANCE COMPANY, OR WIRE TRANSFER. If you anticipate a wire transfer, please contact your escrow officer for wiring instructions. "GOOD FUNDS" LAW REQUIRES THAT DEPOSITED FUNDS MUST BE CLEARED PRIOR TO CLOSING.
Be aware! Online banking fraud is on the rise. If you receive an email containing WIRE TRANSFER INSTRUCTIONS call your escrow officer immediately to verify the information prior to sending funds.
SIGNING APPOINTMENT: After we receive Buyer's loan documents, you will be contacted to schedule your signing appointment. Signing should take approximately 1 hour. IDENTIFICATION: Please bring to your signing appointment one current form of identification issued by a federal or state government with your picture, signature and physical description; ie: driver's license, military ID or passport . If you fail to bring a picture ID to the closing, we will not be able to notarize documents and proceed with the closing. DISBURSEMENT OF SELLER'S PROCEEDS: Provide your escrow officer with any specific instructions you may have regarding disbursement of funds due you at close of escrow, if any. For instance, if you want your proceeds wired to your bank account, please be sure to bring your banks wiring instructions with you. RECORDING AND POSSESSION: After signing all closing documents and depositing funds to close, if any, recordation and disbursement may occur any time within approximately 1 to 4 business days, depending on the transaction. Possession of the property and delivery of keys are not handled by escrow, these items are arranged through your real estate professional or between you and the Buyer. UTILITIES: Settlement agent does not handle the transfer of utilities. Seller must contact the utility companies to close out any existing accounts and provide them with forwarding information. The Settlement agent is only required to pay final bills for Utilities which are LIENABLE against the property. This generally includes water, sewer, and, if property is in Seattle- Seattle City Light. All other utilities payments are the sole responsibility of the Seller and will not be paid through escrow. Privacy Information
We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability
This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information
Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:
• Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means;
• Information about your transactions with us, our affiliated companies, or others; and
• Information we receive from a consumer reporting agency. Use of Information
We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers
Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security
We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site
First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. Business Relationships
First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. Cookies
Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience.
Fair Information Values
Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy.
Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections.
Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Form 50-PRIVACY (9/1/10) Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation) First American Title
First American Title Insurance Company
818 Stewart St, Ste 800
Seattle, WA 98101
Phn - 206-***-**** 800-***-****
Fax -
ESCROW COMPANY INFORMATION:
Escrow Officer/Closer: CHRISTINE YUAN
*****@*******.***
First American Title Insurance Company
11400 SE 8th St, Ste 250, Bellevue, WA 98004
Phone: 425-***-**** - Fax: 866-***-****
King County Title Team Three
11400 SE 8th Street, Suite 250, Bellevue, WA 98004 Fax No. 425-***-****
*****************@*******.***
PLEASE SEND ALL RECORDING PACKAGES TO 818 STEWART ST, STE. 800, SEATTLE, WA 98101
To: Skyline Properties Inc.
50 116th Avenue SE, Suite 120
Bellevue, WA 98004
Attn: Shu Yi Situ
File No.: 424*-*******
Customer Reference: 7964 Military
Road S, Seattle, WA 98108
Re: Property Address: 7964 Military Road S, Seattle, WA 98108 Tim Daniels Michelle Treherne Gayle Douce Kristi Mathis ********@*******.*** *********@*******.*** ******@*******.*** ********@*******.***
425-***-**** 425-***-**** 425-***-**** 425-***-**** Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 2 of 10
First American Title
COMMITMENT FOR TITLE INSURANCE
Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY
Agreement to Issue Policy
We agree to issue a policy to you according to the terms of this Commitment. When we show the policy amount and your name as the proposed insured in Schedule A, this Commitment becomes effective as of the Commitment Date shown in Schedule A. If the Requirements shown in this Commitment have not been met within six months after the Commitment Date, our obligation under this Commitment will end. Also, our obligation under this Commitment will end when the Policy is issued and then our obligation to you will be under the Policy. Our obligation under this Commitment is limited by the following: The Provisions in Schedule A.
The Requirements in Schedule B-I.
The General Exceptions and Exceptions in Schedule B-II. The Conditions.
This Commitment is not valid without Schedule A and Section I and II of Schedule B. First American Title Insurance Company
Tim Daniels, Title Officer
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Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 3 of 10
First American Title
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SCHEDULE A
1. Commitment Date: July 22, 2016 at 7:30 A.M.
2. Policy or Policies to be issued: AMOUNT PREMIUM TAX Homeowner’s Rate
Eagle Owner’s Policy $ 299,000.00 $ 1,044.00 $ 100.22 Proposed Insured:
Wei Huan Liu and Zi Li Huang, presumptively subject to community interest of their spouse, if married
Simultaneous Issue Rate
ALTA Extended Loan Policy $ To Follow $ To Follow $ To Follow Proposed Insured:
To Follow
3. (A) The estate or interest in the land described in this Commitment is: Fee simple as to Parcel(s) A, an easement as to Parcel(s) B.
(B) Title to said estate or interest at the date hereof is vested in: SOMSAK KHAMMUNGKHUNE AND SOUTHY KHAMMUNGKHUNE, HUSBAND AND WIFE 4. The land referred to in this Commitment is described as follows: Real property in the County of King, State of Washington, described as follows: The land referred to in this report is described in Exhibit A attached hereto.
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Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 4 of 10
First American Title
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SCHEDULE B
SECTION I
REQUIREMENTS
The following requirements must be met:
(A) Pay the agreed amounts for the interest in the land and/or the mortgage to be insured.
(B) Pay us the premiums, fees and charges for the policy.
(C) Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded:
(D) You must tell us in writing the name of anyone not referred to in this Commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions.
(E) Releases(s) or Reconveyance(s) of Item(s):
(F) Other:
(G) You must give us the following information:
1. Any off record leases, surveys, etc.
2. Statement(s) of Identity, all parties.
3. Other:
SCHEDULE B
SECTION II
GENERAL EXCEPTIONS
PART ONE:
A. 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. B. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof.
C. Easements, claims of easement or encumbrances which are not shown by the public records. D. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. E. (A) Unpatented mining claims; (B) Reservations or exceptions in patents or in Acts authorizing the issuance thereof; (C) Water rights, claims or title to water; whether or not the matters excepted under (A), (B) or (C) are shown by the public records; (D) Indian Tribal Codes or Regulations, Indian Treaty or Aboriginal Rights, including easements or equitable servitudes. F. Any lien, or right to a lien, for services, labor or materials or medical assistance heretofore or hereafter furnished, imposed by law and not shown by the public records. G. Any service, installation, connection, maintenance, construction, tap or reimbursement charges/costs for sewer, water, garbage or electricity. H. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof, but prior to the date the proposed insured acquires of record for value the escrow or interest or mortgage(s) thereon covered by this Commitment. =
Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 5 of 10
First American Title
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SCHEDULE B
SECTION II
EXCEPTIONS
PART TWO:
Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction. The printed exceptions and exclusions from the coverage of the policy or policies are available from the office which issued this Commitment. Copies of the policy forms should be read. 1. Lien of the Real Estate Excise Sales Tax and Surcharge upon any sale of said premises, if unpaid. As of the date herein, the excise tax rate for the City of Seattle is at 1.78%. Levy/Area Code: 0010
2. General Taxes for the year 2016. The first half becomes delinquent after April 30th. The second half becomes delinquent after October 31st.
Tax Account No.: 000***-****-**
1st Half
Amount Billed: $ 1,396.97
Amount Paid: $ 1,396.97
Amount Due: $ 0.00
Assessed Land Value: $ 109,000.00
Assessed Improvement Value: $ 108,000.00
2nd Half
Amount Billed: $ 1,396.96
Amount Paid: $ 0.00
Amount Due: $ 1,396.96
Assessed Land Value: $ 109,000.00
Assessed Improvement Value: $ 108,000.00
3. Deed of Trust and the terms and conditions thereof. Grantor/Trustor: Somsak Khammungkhune and Southy Khammungkhune, husband and wife
Grantee/Beneficiary: Wells Fargo Bank, N.A.
Trustee: Northwest Trustee Services, LLC
Amount: $304,188.00
Recorded: November 19, 2010
Recording Information: 201***********
4. According to the application for title insurance, title is to vest in Wei Huan Liu and Zi Li Huang. If said party(ies) is/are married and we are to insure title as such, free of any interest of the spouse(s), we will require a deed of conveyance from the non-participating spouse(s). 5. Relinquishment of all existing, future or potential easements for access, light, view and air, and all rights of ingress, egress and regress to, from and between the land and the highway or highways to be constructed on lands condemned by proceedings under King County Superior Court Cause No. 620288.
6. Any and all offers of dedication, conditions, restrictions, easements, boundary discrepancies or encroachments, notes and/or provisions shown or disclosed by City of Seattle Short Subdivision No. 78-136 recorded under recording number 780-***-****. Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 6 of 10
First American Title
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Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 7 of 10
First American Title
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INFORMATIONAL NOTES
A. Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW 35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to the King County Sewer Service area on or after February 1, 1990. Note: Properties located in Snohomish County may be subject to the King County Sewage Treatment Capacity Charges.
B. Effective January 1, 1997, and pursuant to amendment of Washington State Statutes relating to standardization of recorded documents, certain format and content requirements must be met
(refer to RCW 65.04.045). Failure to comply may result in rejection of the document by the recorder or additional fees being charged, subject to the Auditor's discretion. C. Any sketch attached hereto is done so as a courtesy only and is not part of any title commitment or policy. It is furnished solely for the purpose of assisting in locating the premises and First American expressly disclaims any liability which may result from reliance made upon it. D. The description can be abbreviated as suggested below if necessary to meet standardization requirements. The full text of the description must appear in the document(s) to be insured. PARCEL C, CITY OF SEATTLE SHORT SUBDIV. NO. 78-136, REC. 780-***-****, KING COUNTY APN: 000***-****-**
E. All matters regarding extended coverage have been cleared for mortgagee's policy. The coverage contemplated by this paragraph will not be afforded in any forthcoming owner's standard coverage policy to be issued.
F. The following deeds affecting the property herein described have been recorded within 36 months of the effective date of this commitment: NONE Property Address: 7964 Military Road S, Seattle, WA 98108 NOTE: The forthcoming Mortgagee's Policy will be the ALTA 2006 Policy unless otherwise noted on Schedule A herein.
NOTE: We find no judgments or Federal tax liens against the vestee herein, unless otherwise shown as a numbered exception above.
NOTE: A FEE MAY BE CHARGED UPON THE CANCELLATION OF THIS COMMITMENT PURSUANT TO WASHINGTON STATE INSURANCE CODE AND THE FILED RATE SCHEDULE OF THIS COMPANY. Form No. 1068-2 Commitment No.: 424*-*******
ALTA Plain Language Commitment Page 8 of 10
First American Title
CONDITIONS
1. DEFINITIONS
(a)"Mortgage" means mortgage, deed of trust or other security instrument.
(b)"Public Records" means title records that give constructive notice of matters affecting the title according to the state law where the land is located. 2. LATER DEFECTS
The Exceptions in Schedule B - Section II may be amended to show any defects, liens or encumbrances that appear for the first time in the public records or are created or attached between the Commitment Date and the date on which all of the Requirements (a) and (c) of Schedule B - Section I are met. We shall have no liability to you because of this amendment. 3. EXISTING DEFECTS
If any defects, liens or encumbrances existing at Commitment Date are not shown in Schedule B, we may amend Schedule B to show them. If we do amend Schedule B to show these defects, liens or encumbrances, we shall be liable to you according to Paragraph 4 below unless you knew of this information and did not tell us about it in writing. 4. LIMITATION OF OUR LIABILITY
Our only obligation is to
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