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LEGAL DESCRIPTION <br />A leasehold interest in that portion of the tidelands in <br />front of Section 18. Township 29 North. Range 5 East. W.M.. <br />in Snohomish County. Washington, described as follows: <br />Commencing at a concrete monument in 21st Street in the <br />tidelands in front of Section 19. Township 29 North. Range <br />5 East, W.M., said Monument being North 87'58'21" West, 1988.20 <br />feet from the monument line in Grand Avenue: <br />THENCE North 87058*21" West along the Westerly extension of <br />the monument line in said 21st Street, 784.33 feet: <br />THENCE North 5'33'55" East, 1897.26 feet along a line parallel <br />with and 300.0 feet East, as measured at right angles, from the <br />U.S. Pierhead Line, to a point having grid coordinates of X = <br />1. 600. 001.71. and Y = 366, 232.68. of the North Zone, Washington <br />State Plane Coordinate System: <br />THENCE South BB'26'03" East, along the centerline of an existing <br />dike. 14.C3 feet: <br />THENCE South 5'33'55" West parallel with the centerline of an <br />existing dike 14.03 feet to the True <br />Point of Beginning of this description: <br />THENCE South 88'26'03" East. 380.24 feet: <br />THENCE South 1'33'57" West 128.52 feet: <br />THENCE South 43'26'03" East 23.33 feet: <br />THENCE South BB'26'03" East 12.02 feet: <br />THENCE South 1'33'57" West 165.98 feet: <br />THENCE North 88'26'03" West 430.50 feet: <br />THENCE North 5'33'55" East. 311.76 feet to the True Point of <br />Beginning. <br />SITUATE in the County of Snohomish. State of Washington. <br />This description describes the same property as insured <br />by Old Republic Title. Ltd. under order No. 602099 bearing <br />an effective date of April 29. 1998. <br />0�5 <br />