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HomeMy WebLinkAbout2007 Draft Closing StatementTAfA. 3. R007 ' 1:45Af9 TITLE H0. 893 P. HATCH & DOTY, P.A. post office Box 643760 VERO BEACH, FL 32964 -3760 PHONE (772) 234 4711 FAX (772) 234 -3195 TgLECOPIEIt COVER SMEET t)AS>:: January 3, 2007 NUMBER OF PAGES INCLUDING COYER SHEET: $ To: Rich Stringer, Esquire FAX : SB1 0149 FROM: Kevin S. Doty, Esquire, of HATCH & DOTY, R.A. E -Mail: fnelson@coastaititle.com 1701 A -1 -A, Suite 220, Vero Beach, PL 32963 Re. Boudrot Sale to City of Sebastian I am enclosing a draft of the proposed Closing Statement as well as two documents that would need to be signed by City of Sebastian. if we are having a "formal" classing, The Seller would be available in Sebastian on the afternoon of January 9th. Thy in£arnatien contained in this facsimile messa.4a je athe uen r prIvilegad and confidential inform&ZLOn intQrdad only for of the individual or Entity named abovo. If the reader of this mrdssage is not the LntendGd recipiQnt, you are hereby notified that any diieeminatiori, diitribut,iOn or COW of this CQ=Unic.tion is 3tP.lct:y prohibited. If you have raeoived this eommuaic:ation in error, ploaaa ;LMOdiately notify u9 by tolaphanu. shank you FRE CE IVED N 3 Luu% cart. 3. 2007 ; :Marl C+.:ASTaL T' rLE 14-'.8133 P. 0,,13.14o. 250-02k$ A. SETTLEMENT STATEMENT L$ UePeu rrient of Housing and_Ur6an Dc,,elopm.ent Hull_. _ -- - - r- File Ni.-�- 1. Loan T,.umber 3. `Rtg Ir.s Case Nliunber B. Type of Loan 6. File Number -• -___ -- C. Nate: Thw form is furtllshad to give you a ,rtatemenr of actua: serrin -el" c;;sts Amowr?rs Paid rc and b;, the settlement shown 1!ena marled POC- were paid outsido of the cicsirg; they are short, here Jcr i.�rfcr>riut'onal pzaroos:s and are rwt included tit the closing Was'!, -- .- • - -. -� ---- - -. - -. --- _.__._.� D. Name and AdaresS of Buyer: G. Name and Address 0f Seller: F. None snd Address of Lender: G. Properly Locar.on: H. Settlement Agent: Place of Settleme:•nt: Fot Information Conm . 1, fiettiement Date: The City of Sa! ,Jstiarr 12 <^ ,tifnin S'rreer Sci'asriar, FL 33958 Bettina Boudrot 1306 13th Street, #6 Vitro Brach, FL 3196U 1302 Indian River Dr., S2basrian. FL Har h & Doh P.A. 170 A -1 -A, Suite 220 Vero Beach, FL 32963 Fran , +elsor, GL 4 01 -(19 -2907 Disbursement Gate PH• 72- 2344 %11 b I - LIP-7 06';•' 1• SD'M :4riRY&UYER'STRA.VS44TION K. SL 'ht, :lrERYOFSELLEAWTR4NSACTIO -N •rr r + 101. - Conrad Sales Prbe 395.000.001 401. Contract Sales Price 396A00.00 102. 103. Senement Cna ges tt Buyer !line 1400) 402, 18.50 403, 04 li 404, 406. t 0S. 106, ++ Real Eetate Texas 1 1 408. 407, 107. 108. Special Asse56!rlents Condom Mum t home Owner Assaserrants 409. 109. 1 10. ` 410. I 411. .------ --- - -�- - -- ' 20. GROSS AMOUNT DUE FROA1 BUYER 395.018.50 ; 420. GR05S AMOUNT DUE TU SE"FR 395,t>aa 0c MINIMUM 201. Deposit or Earnest Money 202, Primal Amount of New Loar. 203. Existing Loans Assumed 204. Prepe`.d App'1Gafor Fee Crealt2d Against Loar 003-1 203. Zoe, 2a7• 233. 209. New Secona Mortgage From: 210, Real Estme'r axes 01 -C1 A 01.09 @315.371r -4% 2.11- Special Assessments 212. Condom 'riOmtHc,meOv;rlsrAsseasmerts 213. 214. 2'y 216. 21.1. 218. 501. Excess Cxpnslt 502. 8e'tler ent Charges to Seller (line 14 0; 3,2 °.E•40 603. 6dsting Loans Assumed j 334. Pay u" fret mortgage -.o 1Neohovia Bsnk 56,042.32 505. 506. ! 507 606, 509 Mor- gages Held by Seller i ^9.26 510. Real Estate TExes01 -01 to 07.09 511. 512. 5,3 i514• 515. 516, 517, 518. 22L, TOTAL PAID BYIFOR BUYER -- 19 26T- 520 TCTAL REDUCTIONS IN A.iACUNT Pl1E SILL --R 5' 967.94 I r. r 301 Gross AmaU't Due From Buyer pine 120) 395,019.50 601. Gross Ar^CCrtt Di- To $*liar (line 420; 395,300.00 302 Less Aiiour,ls Faio By,'For Buyer (line 220; i 2.26 1 602. Lees Redactions in AmourtDue SBlle' One 52C) 51,35T.98 3C3. CASm [ X FROM j J TO BUYER $ 3a ,399.e4 ! 603. CASH ( X 1 TO ( ; FROM SELLER -- _ S 335.54202 SUBS ?'.tTUT'E FOPAf 10995 SELLER STA.TFh1E'VT. The i�J)frma. ion fr Blocks F-• v, H and 1, on Lne 401, on Imes do6--ti3 if desfgnwod as a buyer'.v parr ofreal estate taxes ,and the value ejanY additfaml a +netrnts shown ac pro'Nrr✓:xnd seryffw is irrportar.: tax infffmatfur. ano .s :ei. ,rirntsl:v.1 to sir lriZn.r71 Revcrzsu .Service. Ei'ynu Rr: required !• ?file a retur•t, a rwgi,gents,oana :?1, ar wher soncuorr .viii Ee imprrad ore Yoe; �f rhre item is rsq ttrea',o be repwreo' and rhu IFS a. ^..ermfnr? that I! hA5 /07 bem ret cr :cd. To Jere mine ifync, 1trVe c,1 re Vc the safe :• ezcha syc of your mtam fromi• on your tux renrrn, see ^vhedt IL D if ? :rn: 104f,; in,0.ceti0r.5. ; he real evau wai riot p - ^ur mein ;cam.:, report ' %te trms�ettnn : :n F,xm 4'97. Sale of&sinest Properrv, Fnrm h3:?, 1. staflmerJSafes i- com,,, ara, -ot Sehedale D rAr,m )040), Cap"-;, u its andLossrs. YOU ARE REQ01RED Rl' L,13'; -,vhich mr �Ub"Cvt yGr to civil :;na Cr Mnoi pmn ttes for; irplaAlrq JiTtsa ir;formanvn, to pro,'ia'e }roar career ,a.Tayer;dervi,Rcanor. number ra J7r,, P A. U.V )1Qk PF- kALTiF..S OF PE.SJ(.iRt; f ^2rti,*l :arc: rhri number ahmv.: sr rrfs owmient ;t ne;,, orr vt harp' Vet : -iecr I %cac r:: rlimben Timira 13oAfw SAN. 3.2007 11: ;6AI1 COASTAL.. T-TTL_E NO. K-4-:4 F. 3 L _ -- SETTI.EMENT_CHARGES _ _ W__ Faye - - PAID FRUYI PAID FRONT SELLER'S Based an 3 _ ' -- FL \DS ( FLNDS 701 $ 70: - -- -- ISET'TLEME` I 'T'SFTILFNhN 702 3 To 7C3. Total CoR+missicrs Paic at Settlement 704. -- Sol. Loan Origtna5on Fee: 602, Mortgage Brokers Fee: 803, Appraisal Fee T0; 804. Credit RepOrt TO! 83E 648, O 60-. BI>8 809. 810.- - oil 901, Adveres Interesk 902 I 903 904. 905. - - - - 1001, Hazard lasurance; EsWOV+ Months Months per month Par month 1002 1003. Mortgage Insurance Escrow C'ly Procerty Taxes. Escrow Months per • 004, cosnty Property Taxes: Escrow Mo tthS Months month per month t zr rr onth QU, Anne1.al Assessments: Escrow Fscr&N IVlcrths a per mon'ti, , OC6. F104 Insurance' Escrow months rg oarfnulth I ^D07. 1008. Escrow Nor the Q par month 1009. Adjustment to Starting Esunw Balance: _- __ - 2CD 0C -101, Closing Fee TO. Hatch 8 D014, FA. a0 m r 102. Abstract or Title Starch TO: LardArerica 25 00 1103. Trie Exams atior To: Hatch & Doty, P.A • 104. Tide I15Lranee Cemmitrnent Tc: i 1105. Document Preparation To: 1106, i 110-, Athomey's Fees To, Kevin S. Doty I mTl 205 QU 110a. Title Insurance Tc & HATCH & DOTY, P.A. i (Includes above item numbers; • • OB. 1 110 Lender's Coverage Amt S Owner's Coverage Am *, S 395.000.00 Premium i Prem .m $ 2.050.00 1111. 1112. 1113. 1201 Rboo *d!ng Fees `a- Deed $ 18.50 Mort909 S Rel. 5 �t0.C7 1350 I, 10.00 2 I "5.00 1202. Transfer Taxes on Dead Deed S 2,765!00 Su,Tazas $ 1203 Texas on hot° and "10rtaaye trace S Mortgage S I 2' 40 1204 Racerd 2 Corr. Deeds 14.Q: -2u5. Record 2nd Sit ,, 301. Survey'ro. 1302. Post Inspac!ton To' 1303, Sceeial Handling (Phor,.BAX .a nW, TO; Hatch & Doty P A. ( I `5 -:0 1304. 1305 i 1306 1307. - -- -- - -- - ir_:afu�rrsr�ixaawileti�� CERTIFT(:ATIONS have carefully rev ewLd .his 5 art' enwnt Saaement To the he >t r,f'mv knowtesge anS bel,et, it is an axurtc stair-rent of all a p s =her es, audits, =d ?isburscrenR m b. mucE v a my acxunt or �y m: in this 7ansaction. ' farther ce-df:, 1=1 have ra:ivc0 Z, erap;• of :h:s Satt:vtttcr Sta' - t:rt The Cit) of Sebu�tian by: by, Bettina Paudror This Se3kment Slatem xat is W ::i vrEru acoount of this tarsactlon. All funds have tx;¢n, ur vwtl +1c, atsbvrs d in sc,,rdanx ,with OIL s:::le:re•tr. I latch & Don P_4. As is Aulhortzod Rdpiec:entadvc I)= JAN. 3.2007 1:47AM ,OASTAL TITLE NO. 893 N.4 AFFIDAVIT OF DISBURSEMENT AND COMPLIANCE Before me the undersigned authority, personally appeared Bettina Boudrot, hereinafter referred to as "Seiler" and �__ _, the "Buyer ", who _ of the City of Sebastian, hereinafter referred to as upon first being duly sworn according to law, depose and say: 1. That Seller is conveying to Buyer the property described as follows: See Fxhibit "A" attached hereto and made a part hereof (the "Property ") 2. Seller certifies that since December 15, 2006, the date of the last title certification, no lien, encumbrance, or other document has been filed of record, which adversely affects title to the Property. 3. in the event any documents which adversely affect title to the Property are filed of record subsequent to the date and time set forth above through the date and time of recording title to the Buyer and /or recording of any mortgages, Seller agrees to assume full legal responsibility for satisfaction and /or removal of such instruments. 4. Seller agrees to indemnify HATCH & DOTY, P.A. ( "H &D°') and its underwriter(s) for any loss or damage, including court costs and attorney /paralegal fees arising from any intervening liens or other matters which adversely affect the title to the Property ar first lien position of any insured lender. 5. H &D is not responsible for charges for water, rents, gas, electricity, taxes on personal property, garbage taxes or fees, license fees or taxes, service /maintenance contracts (pest control, appliance, pool, lawn, alarm systems, etc.), association assessments or dues or estoppel information furnished by mortgagees or others. Afflants understand that the figures set forth on the Closing Statement relating to mortgage payoffs, taxes, utilities, rental adjustments, maintenance fees, special assessments and /or any other charges are based on the best information available at time of closing. In the event that any charge or credit differs from the actual 5gure(s), the party so charged or credited will prorrlptly pay all additional sums owing to correct the discrepancy. 6. if the real property tax bill is not available at closing, then the tax proration will be 'based on the taxes paid for the prior year. The basis of proration as set forth on the Settlement Statement is hereby accepted by the parties to this transaction. it is hereby understood and agreed between JAN. 3.2007 11 :4 All COASTAL TITLE H0.893 P. the parties that if the actual taxes for the year of closing materially differ, they will be adjusted between the parties upon demand. H&D is not liable or responsible for such adjustment or re- proration of taxes. H &D is not responsible or liable for additional taxes, other charges or tax refunds, if any, and shall not be liable should any of the parties to this transaction fail or refuse to re- prorate the taxes. Buyer shall be responsible for any increase in taxes due to change in ownership. 7. The Buyer(s) acknowledge(s) the existence (check if applicable) of a homeowner association condo association and is aware that monthly, quarterly or annual assessments may be due to said association. Said association may also have the authority to regulate and enforce community covenants and restrictions or rules and regulations. 8. The parties acknowledge that some recording and other costs are estimated and may vary. H &D will be responsible for all additional costs up to $10,00, and will retain all overages up to $10.80 of such estimated amount. Any overage above $10.00 will be refunded to the proper party. Any additional costs in excess of $10.00 will be billed to the responsible party. 9. Buyer and Seller agree to comply with any request by Lender or H &D and to fully cooperate and adjust for any scrivener's errors on any closing or loan document deemed necessary or desirable in the reasonable discretion of the lender of H&D to perfect its documentation. The Buyer and Seller do so agree and covenant in order to assure that the closing documents accurately reflect the transaction that occurred on this date. 10. H &D does not make any representations or warranties, nor does it assume any liability with respect to the physical condition of the property, or any repairs to the property. Buyer has been advised and encouraged to secure hazard insurance coverage prior to completion of closing. If a survey was prepared by this transaction, then the Buyer acknowledges receipt of a copy of the survey, The Buyer has reviewed said survey and accepts title subject to the matters set forth therein. Buyer as received and reviewed the proposed deed and is satisfied with and approves the manner in which title is held. 11. The Settlement Statement has been reviewed and approved by the parties and Affiants have executed this Affidavit for the purpose of inducing H &D to disburse at the time of closing, any proceeds of sale, any mortgage proceeds and /or disbursements made in accordance with the Closing Statement signed by Affiants and to induce to insure the period from the date set forth in Article 2 above through the date of recording, 7AH. 3-M07 11:4BAM CCiASTAL TITLE 12. Affiants understand that they are each familiar with the nature of an oath; And with the penalties provided by the laws of the state aforesaid For falsely swearing to statements made in an instrument of this nature. Affiants further certify that they have read or have heard read to them, the full facts of this Affidavit and understand its context. 13. The parties acknowledge that the __.._ Buyer _ _x Seller is represented by H &D. The City of Sebastian is represented by its counsel, Rich Stringer, Esquire. FU RTH E R AFFIANTS SAYeTH NOT. Bettina Boudrot Name: Its Sworn to and subscribed before me this day of January, 2007, by Bettina Boudrot, an unmarried woman. _—Personally known identification: Driver Licenses) NOTARY PUBLIC Or produced identification. Type of Sworn to subscribed before me this clay of January, 2007, by on behalf of City of Sebastian, NOTARY PUBLIC Personally known __ -- Or produced identification. Type of Identification'. driver License(s) boudrot.EAF JHN, ^. 2`0(,117 !1.48HM T'-TI-.F_ [1"!. F..' Exhibit "A" PARCEL 1 Lots 3 and 4, less the North 42 feet of Lot 4, Block 3, HARDEES SUBDIVISION B, according to the Plat thereof as recorded in Plat Book 4, page 74, Public Records of St. Lucie County, Florida; now lying and tieing in Indian River County, nd OrRat3oak 1946 page those portions Rords of Ind antRivher CountyForida Sebastian in O.R. nook 936, page 2133 a PARCEL 2- 'he South 5 feet of the Nrjrth 72 feet of Lot 2, Block 3, HARDEES SUBL?IVISI ©N B, according to the Plat thereof as recorded in Plat Book 4, page 74, Public Records of St. Lucie County, Florida, said land now lying and being in Indian River County, Florida., AND The South 30 feet of the North 5 f�ePubl �Records , Block f SHARDEES cie Coun!Y�F c�ricia' S�tfa according ding apd being n as recorded in Plat Book 4, page Indian River County, Florida AND The North 35 feet of Lot 2, Block 3, HARDEES SUBDIVISION B, according to the Plat thereof as recorded in Plat Book 4, page 74, Public Records of St, Lucie County, Florida; said land now lying and being in Indian River County, Florida. AND A parcel of (and being the North 2.00 feet of the South 23.5 feet of Lot 2, Block 3, HARDEES SUBDIVISION B, according to the Plat thereof a, recorded in Plat Book 4, page 74, Public Records of St. Lurie County, Florida; said land now lying and being in Indian River County, Florida, being more particularly described as follows, Beginning at the intersection of the East right of way line of Indian River Drive (6o toot right of way) and the North line of the South 23.5 feet of Lot 2, proceed South 87 036'23" East along said North line a distance of 47.69 feet to a point on the safe upland line (S.U.L.) on the West bank of the Indian River (S.U,L. eievation 0.9 N.C.V.C+.. located on 7112188); thence South 11'52'05" East along the S.U.L. a distance of ?.06 feet to a point being 2.00 feet South of the North line of the South 23.5 feet of Lot; 2 when measured oerpendicuiar; thence North 87 °36'23" West along a line 2.00 feet South of and parallel to said North line of the South 23.5 feet of Lot 2 a dislance of 68.10 feet tc a point on the East right of way line of Indian River Drive; thence North 00'26'42" West along said East right of way line a distance of 2.00 feet to the Point of Beginning. .-AN. S. 2OC17 11: 48AH COASTAL_ T,,..-rLE SURvZY CERTIFICATE 1 8,93, P. 21 The undersigned hereby elects not to secure a survey of the property being purchased from Bettina Boudrot, described as: See Exhibit "A" attached hereto and made a part hereof, ai.-id acknoMedUeS that The survey ev,=PtiOns�v'ilt appear as exceptions to the final tale pOticY. Dated-, January _I 2007 gaudyot Sur CITY OF SEB.kSTIAN N acne TPA. 2aA7 '.1 :4EiHr'i COASTAL T'TLE t'dC ?.89: P. q Exhibit PARCEL 1 Lots 3 and 4, less the North 42 feet of Lot 4, Blocv^ 3, HARDEES SUBDjVIF c0da6, aIc I ruin to he Phan thereof as recorded in plat Soek 4, page 74, Public Records of St, Lucie County, lying e County, r except those- Indian to I Sebastian rr °-R, Book 936. Indian page 2133 OR. Bock 1946 page 766,Pubie Records of River County, Floridu PARCEL 2' rth 72 The South nePlat Book 4 page T4, Public Reclods of St, Luca Corny Florida said land according lying and being n as recorded Indian River County, Florida.. AND The South 30 feet of the North 65 feet of Lot 2, Block 3, HARDEES SUBDIVISION 3, according to the Plat thereof as recorded in Plat Book 4, page 74, Public Records of St. Lucie County, Florida; said land now lying and being in Indian River County, Florida. AND The North 35 feet of Lot 2, Block 3. HARDEES SUBDIVISION B, according to the Plat thereof as recorded in Plat Book 4, page 74, Public Records of St Lucie County, Florida; said land now lying and being in Indian River County, Florida. AND A parcel of land being the North 2.00 feet of the South 23.5 feet of Lot 2, Block 3, HARDEES SUBDIVISION B according to the Plat thereof as recorded in Plat Book 4, page 74. Public Records of St. Lucie County, Florida, said iand now Iving and being in Indian River County, Florida, being more particularly described as follows, Beginning at the intersection of the East right of way line of Indian River Ur`:ve (bQ foot right of way) and the North fine of the South 23.5 feet of Lot 2, proceed South 8 ?`35'23" East along said North line a distance of 47.69 feet to a point on the safe upland line (S.U.L.) on the West bank of the Indian River (S U.L. elevation 0.9 N,C.V.D., located on 7112188); thence South 11 °52'05" East along the S.U.L. a distance of 2.06 feet thence opoint bei B X50 feet South of the North line of the South 23.5 feet of Lot 2 when measured perpendicular; West along a line 2.00 fee. South of and parallel to said North line of the South 23.5 feet of Lot 2 a distance of 68.10 feet to a point on the East right of way line of Indian River Drive; thence North 00126'42" West along said East right of way line a distance of 2.00 feet to the Point of Beginning.