HomeMy WebLinkAboutClosing Costs• 0
A. Settlement Statement
U.S. Department of Housing
and Urban Development
OMB No. 2502-0265
11. Type of Loan
1. O FIIA 2. O FmIIA 3. IN Conv. Unins.
4. O VA 5. O Conv. Ins.
6. File Number
92-7850/SEBASTI
7. Loan Number
8. Mortgage Insurance Case Number
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 informational purposes and are not included in the totals.
D. NAME OF BORROWER:
CITY OF SEBASTIAN, a municipal
corporation
E. NAME OF SELLER:
GENERAL DEVELOPMENT
CORPORATION, a Delaware corporation,
asdebtor-in-possession, Bankruptcy Case
No. 90-12231-BKC-AJC
F. NAME OF LENDER:
LENDER'S ADDRESS:
BORROWER'S ADDRESS:
1225 MAIN STREET
SEBASTIAN, FL 32958
SELLER'S ADDRESS:
2601 S. BAYSHORE DRIVE
MIAMI, FL 33133
TAX ID #:
H. SETTLEMENT AGENT:
Frese, Fallace, et at
Gary B. Frese, Esq.
930 S. Harbor City Blvd.
Suite 505
Melbourne, FL 32901
G. PROPERTY LOCATION:
SEBASTIAN HIGHLANDS
INDIAN RIVER COUNTY
PLACE OF SETTLEMENT:
930 S. HARBOR CITY BLVD.
SUITE 505
MELBOURNE, FL 32901
I. SETTLEMENT DATE: 03/28/92
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
401. Contract sales price
102. Personal property
402. Personal roperty
103. Settlement charges to borrower line 1400
6,557.55 403.
104.
404.
105.
405.
Adjustments for items paid by seller in advance
Adjustments for items paid by seller in advance
106. Cit town taxes to
406. Cit town taxes to
107. Count taxes to
407. Count taxes to
108. Assessments to
408. Assessments to
109.
409.
110.
410.
111.
411.
112.
412.
120. GROSS AMOUNT DUE. FROM BORROWER
, 6,557.55 420. GROSS AMOUNT DUE TO SELLER '
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER
201. Deposit or earnest money
501. Excess deposit see instructions
202. Principal amount of new loans
502. Settlement charges to seller line 1400 4,057.55
203. Existing loans taken subject to
503. Existing loans taken subject to
204.
504. Payoff of first mortgage loan
205.
505. Payoff of second mortgage loan
206.
506.
207.
507. ALL REAL ESTATE TAXES 153 695.11
208.
508.
209.
509.
209a
509a
209b
509b
Adjustments for items unpaid by seller
Adjustments for items unpaid by seller
210. Cit town taxes to
510. Cit town taxes to
211. County taxes to
511. County taxes to
212. Assessments to
512. Assessments to
213.
513.
214.
514.
215.
515.
216.
516.
217.
517,
218.
518.
219.
519.
220. TOTAL AMOUNTS PAID
BY OR IN BEHALF OF BORROWER
' 520. TOTAL REDUCTIONS IN '
AMOUNT DUE SELLER
300. CASH AT SEI-TLEMENT FROM O BORROWER 600. CASH AT SETTLEMENT TO FROM SELLER
301. Gross amount due from borrower line 120
601. Gross amount due to seller line 420
302. Less amounts paid by/for borrower line 220
( 602. Less reductions in amount due seller line 520
303. CASA I@ From O To BORROWER
,
6,557.55 603. CASH OTo ® From SELLER'
157,752.66
PAGE 1 IiUD-t (3-86) RESPA, FIB 4305.2
r
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT PAGE 2
L. Settlement Charges
700. TOTAL SALES BROKER'S COM. based on
price $ % =
Paid From
Borrower's
Funds At
Settlement
Paid From
Seller's
Funds At
Settlement
Division of Commission line 700 as follows:
701. S to
702. S to
703. Commission paid at Settlement
704.
80o. Items Payable In Connection With
Loan
801. Loan Origination Fee %
802. Loan Discount %
803. Appraisal Fee
to
804. Credit Report
to
805. Lender's Inspection Fee
806. Mortgage Insurance Application Fee
to
807. Assumption Fee
808.
809.
810.
811.
goo. Items Required By Lender To Be
Paid In Advance
901. Interest from 03/28/92 to 04/01/92
S da
902. Mortgage Insurance Premium for months to
903. hazard Insurance Premium for years
to
904, years
to
905.
1000. Reserves Deposited With Lender
1001. Hazard insurance
months S per month
1002. Mortgage insurance
months (&$ r month
1003. City propertytaxes
months S per month
1004. County propertytaxes
months @$ per month
1005. Annual assessments
months @$ per month
1006,
months @$ per month
1007.
months @$ per month
1008,
months @$ per month
11oo. Title Charges
1101. Settlement or closing fee
to
1102. Abstract or title search
to COMMONWEALTH LAND TITLE
500.00
500.00
1103. Title examination
to
1104. Title insurance binder
to
1105. Document preparation
to
1106. Notary fees
to
1107. Attorney's fees
to FRESE PALLACE NASH ETAL
2 500.00
includes above items numbers:
1108. Title insurance
to FRESE FALLACE NASH,ETAL
3,437.50
3,437.5 0
includes above items numbers:
coverage
1109. Lender's$
1110. Owner's e ' coverage S 6,875.00
INS AMT: 1,600,000.00
1110a Endorsements:
1111.
1112.
1113,
12oo. Government Recording and Transfer Cha es
1201. Recording fees: Deed $ 20.10 ;Mortgage $ 'Releases S
10.05
10.05
1202. Cit count tax/stamps: Deed $
;Mortgage $
1203. State tax/stamps: Deed $
•Mort a e $
1204. CERTD. COPIES
to GREENBURG TRAURIG
2.50
2.50
1205. RECORD ORDER
to CLERK OF THE COURT
75.00
75.00
13oo. Additional Settlement Charges
1301. Survey
to
1302. Pest inspection
to
1303. OVERNIGHT' COURIER
to FEDERAL EXPRESS
32.50
32.50
1304.
1305.
1306.
1307.
1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)
' 6,557.55
4,057.55
1 have carefully reviewed the HUD - 1 Settlem rat Statement and to theRbest of m knoWQI aqd
disbursements made on my account or by me in t�rs transaction. I further certify tha�l have recTrved a
&L���
Borrower
?The
OF SEBA a m7pall Sorporation G
d t se
Borrower
ir.1 Ct E2k
UD -;Settlement Statement which I have prepared is a true and accurate acc u of th ns
anee with this statement.
is Wria a Se a emreat ata a mnenf oiall r0e3EipTY an�
Seller
'Or"Morr CO TION, a Delaware corporation, a
, Bankruptcy Case No.17:7 i BRC -AJC
Seller
ion. I have caused the funds to be disbursed in accord -
Settlement Agent
WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form
fine and im frisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010.
Date
Penalties upon conviction can include a