Re: LL&C Partnership NOTICE OF INTENT TO FORFEIT Pursuant to the Revised Code of Washington Chapter 61.30.040 TO: L L & C Partnership John Loomis, Partner 15811 SE Hawthorne Ct Portland, OR 97233 L L & C Partnership 1911 SW Campus Drive Suite # 421 Federal Way, WA 98023 L L & C Partnership Mary Loomis, Partner 15811 SE Hawthorne Ct Portland, OR 97233 L L & C Partnership Jesse A. Loomis, Partner 16230 SE Brooklyn Street Portland, OR 97236 "Occupant" 14408 Portland Avenue SW Lakewood, WA 98498 City of Lakewood Finance Department 6000 Main Street Lakewood, WA 98499 You are hereby notified that the Real Estate Contract described below is in default, and you are provided the following information with respect thereto: (a) The name, address and telephone number of the Seller's agent or attorney giving the notice: Seller's Name, Address and Telephone Number: Richard and Maria Rabisa 2 Thornewood Lane SW Lakewood, WA 98498 Phone: (253) 589-2311 Agent's or Attorney's Name, Address and Telephone Number: Jason M. Whalen Ledger Square Law, P.S. 710 Market Street Tacoma, WA 98402 (253) 327-1701 (b) Description of the Contract: Real Estate Contract dated September 27, 2004, executed by John Loomis, Mary Loomis, and Jesse A. Loomis, Partners of L L & C Partnership, as Purchasers, which Contract was recorded on October 6, 2004, under Pierce County Auditor's Recording No. 200410060930. The Seller's interest is now held by Richard Rabisa, as his separate property. (c) Legal description of the property (commonly known as 14408 Portland Ave. SW, Lakewood, WA): 1. Real property: LOT 14 IN BLOCK 65 OF AMERICAN LAKE, AS PER PLAT RECORDED IN VOLUME 9 OF PLATS, PAGE 28, RECORDS OF PIERCE AUDITOR; SITUATED IN THE CITY OF LAKEWOOD, COUNTY OF PIERCE, STATE OF WASHINGTON. Tax Parcel No. 2200003200 2. Personal property: 1970 Frontr Mobile Home, Series 44VT122, VIN: 2061. Tax Parcel No. 4153014800 (d) Description of each default under the Contract on which the notice is based: 1. Failure to pay the following past due items, the amounts and an itemization of which are given in (g) and (h) below: Principal Balance Due in Full, and 2013-2015 real and personal property taxes. 2. Other defaults: N/A. (e) Failure to cure all of the defaults listed in (g) and (h) on or before February 10, 2016, will result in the forfeiture of the Contract. (f) The forfeiture of the Contract will result in the following: 1. All right, title and interest in the property of the Purchaser and of all persons claiming through the Purchaser, or whose interests are otherwise subordinate to seller's interest in the property, given this notice shall be terminated; 2. The Purchaser's rights under the Contract shall be cancelled; 3. All sums previously paid under the Contract shall belong to and be retained by the Seller or other person to whom paid and entitled thereto; 4. All of Purchaser's rights in improvements made to the property, both real and personal shall belong to the Seller; and 5. The Purchaser and all other persons occupying the real and personal property whose interests are forfeited shall be required to surrender possession of the real and personal property to the Seller on February 22, 2016, or ten (10) days after the Declaration of Forfeiture is recorded. (g) The following is an itemized statement of payments of money in default known at the time this notice is given or recorded (or, where indicated, a reasonable estimate thereof) and for any defaults not involving the failure to pay money, the action(s) required to cure the default: 1. Monetary Delinquencies: Item Amount Unpaid Principal balance due in full on or before $47,609.99 November 1, 2009 (with interest paid to 9/1/15 At 8.00% per annum): Unpaid Real Property Taxes, Penalties, and Interest From 2013 through 2013 on Real and Personal Property (mobile home) advanced and paid by Seller: $ 1,845.62 TOTAL: $49,455.61 2. Action(s) required to cure any non monetary default: Provide evidence of payment of all outstanding real property taxes and penalties, as applicable. (h) The following is a statement of other payments, charges, fees and costs (or, where indicated, a reasonable estimate thereof) that are or may be required to cure the defaults: Item Amount 1. Cost of title report (estimated) $ 500.00 2. Service/posting of Notice of Intent to Forfeit (estimated) 100.00 3. Copying/postage 10.00 4. Attorney's fees (estimated) 750.00 5. Long distance telephone charges -0- 6. Late charges -0- 7. Recording fees 75.00 TOTAL: $1,435.00 The total amount necessary to cure the default is the sum of the amounts in (g)(1) and (h), which is $50,890.61, plus the amount of any payments and late charges which fall due after the date of this Notice of Intent to Forfeit and on or prior to the date the default is cured. Monies required to cure the default may be tendered to: Jason M. Whalen Ledger Square Law, P.S. 710 Market Street Tacoma, WA 98402 (i) The person(s) to whom this notice is given may have the right to contest the forfeiture or to seek an extension of time to cure the default if the default does not involve a failure to pay money, or both, by commencing a court action by filing and serving the summons and complaint before the Declaration of Forfeiture is recorded. (j) The person to whom this notice is given may have the right to request a court to order a public sale of the property only if the court finds that the fair market value of the property substantially exceeds the debt owed under the Contract and any other liens having priority over the Seller's interest in the property; the excess, if any, of the highest bid at the sale over the debt owed under the Contract will be applied to the liens eliminated by the sale and the balance, if any, will be paid to the Purchaser; the court will require the person who requests the sale to deposit the anticipated sale costs with the Clerk of the Court; and any action to obtain an order for public sale must be commenced by filing and serving the Summons and Complaint before the Declaration of Forfeiture is recorded. (k) The Seller is not required to give any person other notice of default before the declaration which completes the forfeiture is given. (l) Additional Information. EARLIER NOTICE SUPERSEDED: This Notice of Intent to Forfeit supersedes any Notice of Intent to Forfeit which was previously given under this Contract and which deals with the same defaults. IDX-677884 January 14, 21