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SCHEDULE B <br />PART I <br />1. The following are the requirements to be complied with: <br />A. Payment to or for the account of the grantors or mortgagors of the full consideration for the estate <br />or interest to be insured. <br />B. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed <br />for record. <br />NOTE: Effective January 1, 1997, and pursuant to amendment of Washington state statutes relating <br />to standardization of recorded documents, the following format and content requirements must be met. <br />Failure to comply may result in rejection of the document by the recorder. <br />FORMAT: <br />Margins to be 3' on top of first page, 1" on sides and bottom, 1' on top, sides and bottom of each <br />succeeding page. <br />Font size of 8 points or larger and paper size of no more than 8'/z" by 14'. <br />No attachments on pages such as stapled or taped notary seals, pressure seals must be <br />smudged. <br />INFORMATION WHICH MUST APPEAR ON THE FIRST PAGE: <br />Title or titles of document. If assignment or reconveyance, reference to auditor's file number or <br />subject deed of trust. <br />• Names of grantor(s) and grantee(s) with reference to additional names on following page(s), if <br />any. <br />Abbreviated legal description (lot, block, plat name or section, township, range and quarter <br />section for unplatted). <br />Assessor's tax parcel number(s). <br />Return address which may appear in the upper left hand 3� top margin. <br />Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless <br />the same are disposed of the satisfaction of the Company: <br />A. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in <br />the public records, or attaching subsequent to the effective date hereof but prior to the date the <br />proposed insured acquires of record for value the estate or interest or mortgage thereon covered <br />by this commitment. <br />B. Any policy issued pursuant hereto will contain the Exclusions From Coverage and, under Schedule <br />B, the standard exceptions as set forth and identified as to the type of policy on the attached <br />Schedules of Exclusions and Exceptions. <br />Ent! of Schedule B Part I <br />51 <br />Page 3 <br />