HomeMy WebLinkAbout2010 - Closing Statement �OF
SEBASTIAN
HOME OF PELICAN ISLAND
CERTIFICATION
I, Sally A. Maio, MMC, do hereby certify the attached is a true and correct copy of
the Buyer's and Seller's Combined Closing Statement executed by City of
Sebastian Mayor Richard Gillmor and attested and sealed by the City Clerk
between Sebastian Harbour, Ltd. and Dancu Holding, Inc. and the City of
Sebastian.
I hereby affix the seal of the City of Sebastian, this 7th day of July, 2010.
(7 )1/
Sally A. M • , MMC
City Clerk
City of Sebastian
Brinkley, Morgan, Solomon, Tatum, Stanley, Lunny& Gordon, LLP
BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT
B.Type of Loan
1.0 FHA 2.❑ RHS 3.❑Cony.Unins. 6.File Number 7.Loan Number 8.Mortgage Insurance Case Number
4.0 VA 5.0 Cony.Ins. 01451101
C.Note: This form is furnished to give you a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items
marked'(p.o.c.)'were paid outside the closing:they are shown here for information purposes and are not included in the totals.
D.Name and Address of Borrower E.Name and Address of Seller F.Name and Address of Lender
CITY OF SEBASTIAN SEBASTIAN HARBOUR,LTD.
1225 Main Street DANCU HOLDING,INC.
Sebastian,FL 32958 16 N.E.4th Street,#110
Fort Lauderdale,FL 33301
G.Property Location H.Settlement Agent
1540-1542 Indian River Dr. Brinkley,Morgan,Solomon,Tatum,
Sebastian,FL 32958 Stanley,Lunny 8 Gordon,LLP
Place of Settlement I.Settlement Date
200 E.Las Olas Boulevard,Suite 1900 06/29/10
Fort Lauderdale,Florida 33301
J.SUMMARY OF BORROWER'S TRANSACTION: K.SUMMARY OF SELLER'S TRANSACTION:
100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER
101. Contract sales price 2,300,000.00 401. Contract sales price 2,300,000.00
102. Personal property 402. Personal property
103. Settlement charges to borrower(line 1400) 403.
104. 404.
105. 405.
Adjustments for Items paid by seller in advance Adjustments for items paid by seller In advance
106. City/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
108. Assessments to 408. Assessments to
109. Credit for Survey 3,830.00 409. Credit for Survey 3,830.00
110. Credit for Enviommental(Phase I) 2,600.00 410. Credit for Enviommental(Phase I) 2,600.00
111. Credit for Title ins/Searches 8,850.00 411. Credit for Title In./Searches 8,850.00
112. 412.
120. GROSS AMOUNT DUE FROM BORROWER 2,315,280.00 420. GROSS AMOUNT DUE TO SELLER 2,315,280.00
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER
201. Deposit or earnest money 501. Excess Deposit(see Instructions)
202. Principal amount of new loan(s) 502. Settlement charges to seller(line 1400) 170,297.69
203. Existing loan(s)taken subject to 503. Existing loan(s)taken subject to
204. 504. Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. 506.
207. 507.
208. 508.
209. 509.
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
210. City/town taxes to 510. City/town taxes to
211. County taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514. Escrow for 2010 Taxes-IRC Tax Coll. 15,946.04
215. 515. Escrow for 2010 PP Tax-BMST 415.86
216. 516.
217. 517.
218. _518.
219. 519.
220. TOTAL PAID BY/FOR BORROWER 520. TOTAL REDUCTION AMOUNT DUE SELLER 186,659.59
300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER
301. Gross amount due from borrower(line 120) 2,315,280.00 601. Gross amount due to seller(line 420) 2.315,280.00
302. Less amounts paid by/for borrower(line 220) 602. Less reduction amount due to seller(line 520) 186,659.59
303. CASH FROM BORROWER 2,315,280.00_603. CASH TO SELLER 2,128,620.41
BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT PAGE 2
L SETTLEMENT CHARGES: File Number.01451101 PAID FROM PAID FROM
700. TOTAL SALES/BROKER'S COMMISSION based on price$ 2,300,000.00 @ = 30,000.00 BORROWER'S SELLER'S
FUNDS AT FUNDS AT
Division of commission(line 700)as follows: SETTLEMENT SETTLEMENT
701. $ 30,000.00 to Bluewater Commercial Realty,Inc.
702. $ to
703. Commission paid at Settlement 30,000.00
704.
800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C.
801. Loan Origination Fee
802. Loan Discount
803. Appraisal Fee to
804. Credit Report to
805. Lender's Inspection Fee to
806. Mtg.Ins.Application Fee to
807. Assumption Fee to
808.
809.
810.
811.
812.
813.
814.
815.
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from to @5 /day
902. Mortgage Insurance Premium to
903. Hazard Insurance Premium Yrs.to
904.
906.
1000. RESERVES DEPOSITED WITH LENDER FOR
1001. Hazard Insurance mo.@$ /mo.
1002. Mortgage Insurance mo.%!$ /mo.
1003. City property taxes mo.@5 /mo.
1004. County property taxes me.`_$ /mo.
1005. Annual Assessments mo.@$ /mo.
1006. mo.r_,S /mo.
1007. mo.@S /mo.
1008. Aggregate Reserve for Hazard/Flood Ins,City/Count _
1100. TITLE CHARGES
1101. Settlement or dosing fee to
1102. Abstract or title search to Atty.Title Fund Sys,Inc.(relmb.BMST) 300.00
1103. Title examination t0
1104. Title insurance binder to
1105. Document preparation to
1106. Notary fees to
1107. Attorney's fees to Brinkley,Morgan 7,500.00
(includes above Item No:
1108. Title Insurance to Brinkley,MorgaNgd Rep.Natl.T.I.Co. 8,325.00
•
(includes above Item No:
1109. Lender's coverage
1110. Owner's coverage 2,300,000.00-8,325.00
1111. Misc.Costs Brinkley,Morgan 235.00
1112.
1113.
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees Deed$ 35.50 ;Mortgage$ ;Releases$ 35.50
1202. City/county/stamps Deed S ;Mortgage$
1203. State tax/stamps Deed$ 16,100.00 ;Mortgage$ 16,100.00
1204. Record Notice of Term,of HOC 27.00
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to Bio•Tech Consulting Inc.-51700 POC/S
1302. Pest Inspection to
1303. 2008 R.E.Taxes(to 7/31) Indian River County Tax Collector 52,993.24
1304. 2009 R.E.Taxes(to 7/31) Indian River County Tax Collector 36,261.48
1305. 2009 Personal Prop.Tax Indian River County Tax Collector 897.42
1306. Tax and Lien Search Florida Property Search 770.00
1307. Payoff Lien-CEF Case 08-03015 City of Sebastian 250.00
1308. Water/Sewer lJenlCharges Indian River County 16,603.05
•
1400. TOTAL SETTLEMENT CHARGES (enter on tines 103 and 502,Sections J and K) 170.297.69
I have carefully reviewed the Closing Statement and to the best of my knowledge and belief it is a true and accurate statement of all receipt
and disbursements made on my account or by me in this transaction. I further certify that I have receiv,it a copy of the Closing Statement.
CI P • .B. / r SEBASTIA • ' r. LTD.
` /
B By: Condo terp nc.,general ptnr.
`./ice By:
1 and H. Gillmor, Mayor of Sebastian Norbert Kre -,Presi.m
ATTE DANCU HOLDING C.
By:-
67, Norbert Kreyer,President
Sally A. M o, MMC - City Clerk