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HomeMy WebLinkAbout2010 - Closing Statement U.S.DEPARTMENT OF HOUSING and URBAN DEVELOPMENT OMB No.2502-0265 , SETTLEMENT STATEMENT Ti0epro for Windowsw 1 . Vic 4: American Government v', 4 ' '7 Services Corporation B.TYPE OF LOAN ❑2. h , V 3812 West Linebaugh Avenue Tampa,Florida 33618 ❑1.FHA FMHA ❑3.CONV.UNINS. Tel St 3)933-3322 �'"� "'��� ( Fax(813)9313362 ❑4.VA ❑5.CONY.INS. c,-.rr 6.FILE NUMBER: 17.LOAN NUMBER: 23482 MORT.INS.CASE NO.: 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. ID.NAME AND ADDRESS OF BORROWER: E.NAME AND ADDRESS OF SELLER: F.NAME AND ADDRESS OF LENDER ;City of Sebastian,a municipality within Indian River Herbert V.Morrison(See Addendum) County,Florida 28826 Ramblewood Drive Farmington Hills MI 48334 • G l'ROP �gTY. QCAd k�I ppii )py_y� H.SETTLEMENT AGENT: American Government Svc I.SETTLEMENT DATE: See . xh i )5 '! Tuesday 10 Indian River County,FL PLACE OF SETTLEMENT: 3812 W.Linebaugh Ave. Tampa,FL 33618 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 I 750,000.00 401. Contract sales price 750,000.00 102. Personal Property 402. Personal Property 103. Settlement Charges(line 1400) I 12,711.83 ,403. 104. 404. 1105. 405. Adjustments for items paid in advance by seller(s) Adjustments for items paid in advance by seller(s) 106. City/Town tax to 406. City/Town tax to 1107. County/City tax to 407. County/City tax to 108. Assessments to 408. Assessments to 109. School Tax to 409. School Tax to 1110. to 410. to 1111. to 411. to 1112. to 412. to 120. Gross Amount Due from Borrower 762,711.83 420. Gross Amount Due to Seller 750,000.00 200. 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 loan(s) 502. Settlement charges to seller(line 1400) 48,122.29 203. Existing loan(s)taken subject to 503. Existing loan(s)taken subject to 204. '504. Payoff of First Mortgage Loan I 205. 505. Payoff of Second Mortgage Loan 206. 506. 1 .207. 507. 1208. 508. 1209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. City/Town tax to 510. City/Town tax to 211. County/City tax to 511. County/City tax to 1212. Assessments to 512.Assessments to 213. School Tax to 513. School Tax to 1214. to 514. to 215. to 515. to 216. to 516. to 217. 517. 1218. 518. 219. 519. 1 1220. Total Paid By/For Borrower 0.00 520.Total Reduction Amount Due Seller 48,122.29 1300. CASH AT SETTLEMENT From/To BORROWER 600.CASH AT SETTLEMENT To/From SELLER 301. Gross Amt.due from borrower(line 120) 762,711.83 601. Gross Amount due Seller(line 420) 750,000.00-302. Less Amt.paid by/for borrower(line 220) 0.00 602. Less reduction in Amt.due Seller(line 520) 48,122.29 303. Cash®FROM ❑TO Borrower 762,711.83 603. Cash®TO ❑FROM Seller 701,877.71 SEE ADDENDUM SEE ADDENDUM Buyer or Borrower's Signature Seller's Signature HUD-1 L.SETTLEMENT CHARGES Case#23482 Paid From Paid From 700. Total Sales Commission based on Price: $ % Borrower's Seller's Division of Commission at: $ Funds At Funds At 701. to Settlement Settlement 702, to ,a. Tiri =__:= 703. Commission paid at Settlement 704. to 800. Items Payable in Connection With Loan 801. Loan Origination Fee a to 802. Loan Discount %to 803. Appraisal Fee to 804. Credit Report to 805. Inspection Fee to 806. Mortgage Insurance to 807. Assumption Fee to 808. to 809. to 810. to 811. to 900. Items Required By Lender To Be Paid In Advance 901. Interest from to @ $ /Day 902. Mortgage Ins.Premium Months to 903. Hazard Ins.Premium Years to 904. Years to 905. Years to 1000. Reserves Deposited With Lender For 1001. Hazard Insurance Months @$ /Month 1002. Mortgage Insurance Months @$ /Month 1003. City/Town Taxes Months @$ /Month 1004. County Taxes Months @$ /Month 1005. Assessments Months @$ /Month 1006. School Taxes Months©$ /Month 1007. Months @$ /Month 1008. Months @$ /Month 1100. Title Charges 1101. Settlement or closing fee to American Government Services 225.00 1102. Abstract or title search to American Government Services 575.00 1103. Title Examination to 1104. Title Insurance Binder to 1105. Document preparation to 1106. Notary fees to 1107. Attorney's fees to Bodman,LLP 33.20153 (includes above items No.:) 1108. Title Insurance to AGS/Commonwealth Lawyers Title 3,825.00 (includes above items No.') 1109. Lenders coverage $ 1110. Owner's coverage $ 750,000.00 1111. reimbursement of Survey fee to Herbert V.Morrison,Successor Trustee 4,975.00 1112. reimbursement of ESA fee to Herbert V.Morrison,Successor Trustee 2,600.00 1113. recording fee-Declaration to Clerk of the Court 110.50 1200. Government Recording and Transfer Charges 1201. Recording Fees:Deed$ 27.00 Mortgage$ Release$ 27.00 1202. City/County tax/stamps:Deed$ Mortgage$ 1203. State tax/stamps:Deed$5,250.00 Mortgage$ 5,250.00 1204. Recording fee-Certification of Trust to Clerk of Court 18.50 1205. Reimbursement of prorated lease fee to Herbert V.Morrison,Successor Trustee 401.33 1300. Additional Settlement Charges 1301. Survey to 1302. Pest Inspection to 1303. 2009 Taxes to Indian River County Tax Collector 6,720.61 1304. 2010 Prorated Taxes to Indian River County Tax Collector 2,902.65 1305. to 1400. Total Settlement Charges(enter on lines 103&502,Sections J&K) 12,711.83 48,122.29 Parties agree that no liability is assumed by Settlement Agent for the accuracy of information furnished by others as shown on the HUD-1 Settlement Statement. I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief,it is a true and accurate statement of all receipts and disbursements made on my account by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement. SEE ADDENDUM SEE ADDENDUM Buyer or Borrowers Signature Seller's Signature Buyer's Address&Phone: Sellers New Address&Phone: The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with this statement. SEE ADDENDUM Settlement Agent Date WARNING: It is a crime to knowingly make false statements to the United States on this or any similar form. Penalties upon conviction can include a fine and imprisonment.For details see Title 18:U.S.Code Section 1001 and Section 1010. ADDENDUM TO HUD-1 FOR THE PURPOSE OF THIS CLOSING STATEMENT,BORROWER SHALL MEAN PURCHASER. $450,000 of the purchase price and$10,259.90 of the acquisition expenses was paid by the Acquiring Agency and the remaining$300,000 of the purchase price and$2,451.93 of remaining acquisition expenses and reimbursement of partial lease fee was paid by the Local Agency,as defined by and in accordance with the terms and provisions of the Option Agreement by and between the parties. SELLER: Herbert V.Morrison,Successor Trustee of the Henry J.Dabrowski Irrevocable Trust Under Revoc ble Living Trust Agreement dated July 17,2007 By: kto4-a\,/'//l( Jam^ Herbert V.Morrison,Successor Trustee of the Henry J.Dabrowski Irrevocable Trust Under Revocable Living Trust Agreement dated July 17,2007 LOCAL AGENCY: CITY OF SEBASTIAN,a municipality within Indian River County By: Title: 1 ACQUIRING AGENCY: Florida Communities Trust,a nonregulatory agency with the Department of Community Affairs By: ,as The Settlement Statement,which I have prepared,is a true and accurate account of funds dis•. Ortr sansa ion. By: /u ily Parry,Settle Agent American Go •rn Services Corporation I ADDENDUM TO HUD-1 FOR THE PURPOSE OF THIS CLOSING STATEMENT, BORROWER SHALL MEAN PURCHASER. $450,000 of the purchase price and $10,259.90 of the acquisition expenses was paid by the Acquiring Agency and the remaining $300,000 of the purchase price and $2,451.93 of remaining acquisition expenses and reimbursement of partial lease fee was paid by the Local Agency, as defined by and in accordance with the terms and provisions of the Option Agreement by and between the parties. SELLER: Herbert V. Morrison, Successor Trustee of the Henry J. Dabrowski Irrevocable Trust Under Revocable Living Trust Agreement dated July 17, 2007 By: Herbert V. Morrison, Successor Trustee of the Henry J. Dabrowski Irrevocable Trust Under Revocable Living Trust Agreement dated July 17, 2007 LOCAL AGENCY: CITY OF SEBASTIAN, a municipality within Indian River County /" vii 64I G/llm•rc. Title: 111 Ay0 t2. ACQUIRING AGENCY: Florida Communities Trust, a nonregulatory agency with the Department of Community Affairs By: , as The Settlement Statement,which I have prepared, is a true and accurate account of funds disbur<ledlorpis transaction. By: Cr- Sit:::--r7,' Emily Parry,gttleihent Agent American Government Services Corporation ADDENDUM TO HUD-1 FOR THE PURPOSE OF THIS CLOSING STATEMENT, BORROWER SHALL MEAN PURCHASER. $450,000 of the purchase price and $10,259.90 of the acquisition expenses was paid by the Acquiring Agency and the remaining $300,000 of the purchase price and $2,451.93 of remaining acquisition expenses and reimbursement of partial lease fee was paid by the Local Agency, as defined by and in accordance with the terms and provisions of the Option Agreement by and between the parties. SELLER: Herbert V. Morrison, Successor Trustee of the Henry J. Dabrowski Irrevocable Trust Under Revocable Living Trust Agreement dated July 17, 2007 By: Herbert V. Morrison, Successor Trustee of the Henry J. Dabrowski Irrevocable Trust Under Revocable Living Trust Agreement dated July 17, 2007 LOCAL AGENCY: CITY OF SEBASTIAN, a municipality within Indian River County By: Title: ACQUIRING AGENCY: Florida Communities Trust, a nonregulatory agency with the Department of Community Affairs By: 1� -4,-A-34,-*;"-C fig dfa ST O ( . e iDAS , as toss-('. G Q C The Settlement Statement,which I have prepared, is a true and accurate account of funds disbur Jor tys saction. By: ,( _. `�~ ., Emily Parry, Se lent nt Agent American Go nment Services Corporation EXHIBIT"A" LEGAL DESCRIPTION UPLAND PARCEL THE SOUTH 13 FEET OF LOT 1 AND ALL OF LOT 2, BLOCK 1, MIDDLETON'S SUBDIVISION,ACCORDING TO THE PLAT RECORDED IN PLAT BOOK 2, PAGE 56, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA, MORE PARTICULARLY DESCRIBED AS FOLLOWS. BEGINNING AT THE INTERSECTION OF THE SOUTH LINE OF MIDDLETON'S SUBDIVISION AND THE EAST RIGHT-OF-WAY LINE OF INDIAN RIVER DRIVE(BEING A POINT 37.15 FEET DUE EAST OF THE CENTERLINE OF INDIAN RIVER DRIVE),THE POINT OF BEGINNING; THENCE NORTHERLY 118°41'37"ALONG THE EAST RIGHT-OF-WAY LINE OF INDIAN RIVER DRIVE,A DISTANCE OF 184.75 FEET MORE OR LESS TO A CONCRETE MONUMENT MARKED"X";THENCE RUN EAST 10° NORTH OF DUE EAST TO THE HIGH WATERLINE OF THE INDIAN RIVER; THENCE SOUTHERLY ALONG THE HIGH WATER LINE OF SAID INDIAN RIVER TO A POINT INTERSECTING THE EASTERLY PROJECTED SOUTH LINE OF MIDDLETON'S SUBDIVISION AND THE HIGH WATER LINE OF THE INDIAN RIVER;THENCE WEST TO THE POINT OF BEGINNING. BEING A PART OF GOVERNMENT LOT 1, SECTION 6,TOWNSHIP 32 SOUTH, RANGE 39 EAST. TOGETHER WITH A UPLAND, SUBMERGED LAND, LITORIAL RIGHTS, SHORE RIGHTS AND RIPARIAN RIGHTS LYING TO THE EAST THEREOF TO THE CENTER OF THE INDIAN RIVER TO THE EXTENT THAT SAME APPERTAIN TO THE PROPERTY ABOVE DESCRIBED. SUBJECT TO ALL LIENS, EASEMENTS AND RESTRICTIONS OF RECORD, IF ANY.