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Home My WebLink AboutHUD Settlement statement sale of 10407/10409 PennIpill ^• ;•s A. Settlement Statement (HUD-1) OMB Approval No. 25020265 First American Title Insurance Company Settlement Statement B.lType of Loan 1.i... Loan Type; Colrv.Unins. 6. File Number: 6 5201 7. Loan Number: 60140601 6. Mortgage Insur nce Case Number: C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid lo and by the settlement agent are shown. lems here for Informational purposes and ere not Included in the totals. ma.•Ned'(POC)'.vere paid outside this closng; they am shown D. Name & Address of Borrower: First American Exchange Company, LLC, as Qualified Intermediary for Timothy 1866 Valley Drive, Indianapolis, IN 46280 Moehl and Heather Poloehl E. Name & Address of Seller: The City of Carmel, Indiana One Civic Square, Carmel, IN 46032 F. Name & Address of Lender: Centro Credit Union 70 Carr Hill Rd Columbus, IN 47201 ---- G. Property Loca- tr-'onr 10407 and 10409 Pennsylvania St, Indianapolis, IN 46280 H. Settlement AggeeennttrFirst'American IIelnsurance'Compahy Address: 40 Executive Drive, Suite A, Carmel, IN 46032 "- --- 1317)816 -9988 I. Settlement Print Date: Disbursement Signing Date: Date: 12/3012014 12/29/2014, 5:43 PM Date: 12/3012014 12/30/2014 Place of Settlement Address: 40 Executive Ddve, Suite A, Carmel, IN 46032 J. Summary of Borrower's Transaction K. Summary of Seller's Tratsaction 100. Gross Amount Due from Borrower 400. Gross Amount Due to Seller 101. Contract Sales Price 145,711.00 401. Contract sales pdce 146,711.00 102. Personal properly 402. Personal properly 103. Settlement charges to borrower (line 1400) 18,06487 403. Total Depoa:'Is 104. 404. 105. 405. Adjustments far Items pald by seller In advance Adjustments for Items paid by seller In advance 106. Clyllewn laxos 406. City/town taxes 107. County taxes 407. County taxes 108. Assessments 403. Assessments 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414, 115. 415. 120. Gross Amount Due franiBO«ower 165,575,87 420. Gross Amount Due to Seller 146,711.00 200. Amounts Paid by or on Behalf of Borrower 500. Reductions In Amoun Due to Seller 201. Deposit or earnest money 14,671.10 501. Excess deposit (see Insiniclions) 14,671.10 202. Principal amount of new loan(s) 110,000.00 502. Selllemenl charges to sellbr Dine 1400) 1 10,662.32 203. Existing loan(s) taken subject 503. Existing loan(s) taken sub eel 204. **Credit Buyer Refund Upfront Fee from Centro Credit Union 425.00 504. Payoff of first mortgage loan 205. Funds from 1031 Exchange 40,479.77 505, Payoff of second mortgage loan 206. 506. 207. 507. 208. 500, 209. (Borrower); response 500. Adjustments for Items unpaid by softer Adjustments for Items unptd by seller 210. City/town taxes 510. City/lawn taxes 211. County faxes 511. County taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517, 210. 518. 219. 519. 220. Total Paid bylfor Borrower 165,575.87 520. Total Reduction Amoupt Due Seller 25,333.42 300. Cash at Settlement fromlto Borrower 600. Cash at Settlement tolirom Setter 301. Gross amount due from borrower (line 120) 165,575.07 601. Gross amount due to sellgr (one 420) 146,711.00 302. Less amounts pall by/for borrower (line 220) 165,575.87 602. Less reductions in amounts due seller Rne 521 25,333.42 303. Cash ( From) ( To) Borrower 503. Cash (X To) ( From) S Iler 121,377.56 Previous editions am obsolete. • See Supplemental Page for details. "Paid on Behalf of Borrower. POC-B The Public Reporting Burden for thls collection of information is estimated at 35 minutes per POC.S (Seller); PO for collecting, revie:in -L (Lender); POC -MB (Mortgage Broker). , and reporting t4 data. This agency may not collect this Information, and you are not required to complete this form, unless It displays a currently valid OMB control number. No con lidentia provide the parties to a RESPA covered transaction with Information during the settlement process. Is assured; .. [05 disclosure Is mandatory, Thls Is 005: Page 1 L. Settlement Charges 700. Total Real Estate Broker Foos $10,269.78 paid From Paid From Sellers Funds at Settlement Division of commission (fine 700) as follows: Borrower's 701. $5,134.89 to Coldwell Banker Kaiser Funds at Settlement 702. $5,134.89 to Keller Williams RE 703. Commission paid at settlement 10,269.78 704. 705, 706. 600. Items Payable in Connection with Loan 801. Our origination charge $500.00 (from GFE A ) 802, Your credit or charge (paints) for the specl0c interest rate chosen _ $1,237.50 (from GFE tr ) 803. Your adjusted origination charges to Contra Credit Union (from GFE A 1,73750 804. Appraisal fee to Gaifrey Lady (from GFE fl') 425.00 805. Credit report to Settlement One (from GFE ill) 41.90 806. Tax service to Centre Credit Union (from GFE KY) 60.00 807. Flood certification to Floodplain Consultants (from GFE 11.) 25.00 808. (Tram GFE Nd) 809. (from GFE 113) 810. (from GFE 113) 811. (from GFE iI ) 900. Items Required by Lender to Be Paid in Advance 901. Daily interest charges from 12/30/14 to 01/01/15 @$12.808200/day to Centre Credit Union (from GFE 11 o) 25.62 932. (from GFE In 903. Homeowners Insurance (from GFE /I 1) 904. 905. 906. 1003. Reserves Deposited with Lender 1001. Initial deposit for your escrow account (from GFE 89) 648.75 1002. Homeowners Insurance 3 mo(s) @$90.83Imo $272.49 1003. Mortgage Insurance 1004. Properly taxes 3 mo(s) @$125.42/mo $376.26 1005. 1006. 1007. Aggregate Adjustment $0.00 000 1100. Title Charges 1101. Title services and lenders line insurance (from GFE 1 ) 735.00 1102. Settlement or dosing fee $350.00 to First American Title Insurance Company 1103. Owners Ella Insurance - First American Title Insurance Company (from GFE it 5 420.00 1104. Lender's title Insurance - First American TIDe Insurance Company $150.00 1105. Lenders line policy limit $ 110,000.00 1106. Owner's lino policy limit $ 146,711.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First American Title Insurance Company 1108. Underwriters portion of total title Insurance premium $ 570.00 to First American Titre Insurance Company 1109. CPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Feo to First American Title Insurance Company 100.00 1111. Search/Exam Fee to First American Title Insurance Company 250.00 1112. Ti Enforcement Fund - OP to First American Title Insurance Company 5.00 1200. Government Recording and Transfer Charges 1201. Government recording charges (tram GFE if? 75.00 1202. Recording fees: 1203. Transfer taxes (from GFE AO? 1204. City /county tax/stamps: 1205. State tax/stamps: 1206. Record Deed $20.00 1207, Record Mortgage $40.00 1208. Sales Dlsclosuer Fee $15.Oo 1209. 1210. 1300. Additional Settlement Charges 1301. Required services that you can shop far (from GFE fib) 1302. current bill to Clay Township Reglonal Waste 6.27 1303. current bill to Clay Township Regional Waste 6.27 1304. Refund! Earnest Money Deposit from Exchange to Timothy Moehl and Heather Moehl 14,671.10 1305. 1306. 1307. 1308. 1309. 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) J 18,864.67 10,662.32 • See Supplemental Page tor details. "Paid on Be la of Borrower, -B (UarrowerJ; Puts tsenerl; -L (Lender); POGMB (MOdgage Broker). Pa0o 2 Comparison of Good Faith Estimate (GFE) and HUD -1 Charges Charges That Cannot Increase HUD -1 Line Number Our origination charge # 801 Your credit / charge (points) for the specific interest rale chosen It 802 Your adjusted origination charges ,. 803 Transfer taxes # 1203 File No. 685201 Good Faith Estimate HUD -1 500.00 500.00 1,237.50 1,237.50 1,737.50 1,737.50 0.00 Charges That In Total Cannot Increase More Than 10% Estimate HUD -1 Government recording charges it 1201 Appraisal lee - # 804 Credit report # 805 Tax service # 806 Float certification # 807 1101 60.00 Owners title Insurance it 1103 25.00 Does your loan have a prepayment penalty? I X1 No. Yes, your maximum propayme t penalty is $ 0.00. Does your loan have a balloon payment? I X1 No. I I Yes, you have a balloon payment of $ 0.00 due in 0 years on . Total monthly amount owed including escrow account payments Total as p that interest, Home Increase between GFE and HUD -1 Charges Charges That Can Change Estimate HUD -1 HUD -1 Initial deposit for your escrow account # 1001 75.00 Daily interest charges # 901 @$12.808200 /day Homeowner's insurance # 903 41.90 Title services and lenders tine insurance it 1101 60.00 Owners title Insurance it 1103 25.00 Does your loan have a prepayment penalty? I X1 No. Yes, your maximum propayme t penalty is $ 0.00. Does your loan have a balloon payment? Good Faith Estimate HUD -1 HUD -1 1,100.001 66.00 75.00 25.62 425.00 425.00 Your initial monthly amount owed for principal, interest, and any mortgage insurance is 45.00 735.00 41.90 400.00 60.00 change will Over the life or higher 60.00 aEven i No. ( Yes, it can rise to a maximum of $ . 25.00 No. Yes, the first increase can be on and the monthly owed can riso to $ 0.00. The maximum It can ever rise to is $ 0.00. 25.00 Does your loan have a prepayment penalty? I X1 No. Yes, your maximum propayme t penalty is $ 0.00. Does your loan have a balloon payment? I X1 No. I I Yes, you have a balloon payment of $ 0.00 due in 0 years on . Total monthly amount owed including escrow account payments ❑ You do not have a monthly escrow payment for items, such homeowners insurance. You must pay these Items directly yourself. I X I You have an additional monthly escrow paymient of $ 216.25 total initial monthly amount owed of $ 757,38. This includes principal, any mortgage insurance and any items checked below.. Ii Property taxes I X1 Li Flood insurance ( ❑ I ❑ ❑ II ❑ as p that interest, Home perty taxes and results in a vnees insurance 621.001 626.90 $5.90 or 0.9501% Good Faith Estimate HUD -1 1,100.001 648.75 25.621 25.62 4.2500 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is 597.00 735.00 400.00 420.00 change will Over the life or higher if you make payments on time, can your loan balance rise? aEven i No. ( Yes, it can rise to a maximum of $ . Your initial loan amount Is $ 110,000.00 Your loan term is 30 years Your initial interest rale is 4.2500 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ 541.13 includes I X1 Principal Interest I I Mortgage Insurance Can your interest rate rise? I X1 No, ❑ Yes, it can rise to a maximum of D.0000 %. The firs be on and can change again every after. Every change dale, your interest rate can Increase or decrease by 0.00000 %. of the loan, your interest rate is guaranteed to never be tower Than 0.0000% than 0.0000 %. change will Over the life or higher if you make payments on time, can your loan balance rise? aEven i No. ( Yes, it can rise to a maximum of $ . Even if you mako payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? No. Yes, the first increase can be on and the monthly owed can riso to $ 0.00. The maximum It can ever rise to is $ 0.00. amount Does your loan have a prepayment penalty? I X1 No. Yes, your maximum propayme t penalty is $ 0.00. Does your loan have a balloon payment? I X1 No. I I Yes, you have a balloon payment of $ 0.00 due in 0 years on . Total monthly amount owed including escrow account payments ❑ You do not have a monthly escrow payment for items, such homeowners insurance. You must pay these Items directly yourself. I X I You have an additional monthly escrow paymient of $ 216.25 total initial monthly amount owed of $ 757,38. This includes principal, any mortgage insurance and any items checked below.. Ii Property taxes I X1 Li Flood insurance ( ❑ I ❑ ❑ II ❑ as p that interest, Home perty taxes and results in a vnees insurance Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact Pap 3 Supplemental Page HUD.) Settlement Statement 300, Cash al SelFamd11 Bore to Borrower File No. 605201 301. Gras =noel due iroln burrower QIne 120) First American Title Insurance Company Settlement Statement eel. 01035 anntn8 UUO to sellor (Ifie 420) 692. Less redudbra i0 mounts c yoilar (Ile 520) Loan No. 60140601 Seltlemon 12130/20 Dale: 4 Borrower Name 8 Atldreos: First American Exchange Company, I.LC, as Quailed Intermediary for Timothy Moehl 1000 Valley Drive, Inblanapo;ls, IN 40200 and -to Mar Murk( Seller Name 6 Addrhos: The Clly el Canal, Indiana One Clvle Square, CNInel, IN 46032 The followInl) Soctlal' to resla10d from the Settlement Slolmnent Pn0e 1 300, Cash al SelFamd11 Bore to Borrower 600. Cosh al Solllamanl lo7(rom Seller 301. Gras =noel due iroln burrower QIne 120) 165,575.07 165,575.x7 eel. 01035 anntn8 UUO to sellor (Ifie 420) 692. Less redudbra i0 mounts c yoilar (Ile 520) 146,711.00 25,33342 121,377 50 302. Less amounts paidaylfor borrower (lino 220) 303. Carly ( Froro) (to) Iorrower 603. Cash IX To) ( From) Senor I have carulylly rovlowed the IIUD4 Settlement Statement and lo the host of my knowledge and huller, Il Is a True a id occnrxto statomonl of all receipts and lliste7nrreru mode on my eccoonI orLy molnTdlstronsotimn. iturfner oortfryYnatinava tecelven a roopy oetnol i-1 eiliomarfbltl mare. BUYER($); T4molhy Mo 1 oath Isar Mcehl ii .s - xa'7Z/L CC Cri- hirs erican Exchange Company, LLC U as Qualified Intermediary for Timothy Moehl and Heather Moehl mo IN0.1 Salmon: 5talmrn:l wIGA I have prepared le a Fee L xoaob motel M Oils lamrrfbn. I raw mused or wilcouso she Imtr robe ntbuned h mmordmnu MW Ihls OIllenM,l First Ame)ican Thle Insurance afrtpaal Oy SalllemmlFAgnnk Jermltor DLOdhyi CCC Dole z/3 0/y Pate 4 Supplemental Page HUU•1 Settlement Statement 1 File No. 685201 First American Title Insurance Company Settlement Statement -' Loan No. 1 Settlement Onto: 12/3012014 Bonawor Name 8 Address: First American Exchange Company, LLC, as Qualified Intermediary Ie: Timothy Mcehl and Heather 1856 Valley Drlvo, Indianapolis, IN 46280 !.belt. Seller Name & Address: The City of Carnet, Indiana • One Civic Square. Carmel, IN 46032 The following Section Is restated from the Settlement Statement Page 1 I 300. Cash at Settlement tempo Borrower 600. Cash at Settlement 1o/from Setter I 301. Gross ante:MI ue from bonoa'er (Ine 120) 601. Gross amount due to setter Teo 42) ( 146,711.03 302. Less amounts paid by/for Mmosser (One 2201 602. less redoclbns In =dints duo seler(Ine520) 1 25,333.42 303 603. Cash a To} From) Seiler 1 111,311.58 I have carefully reviewed NO HUD-1 Settlement Statement and to the best of my knov,ledge and Collet, it Is a Imo and an ureic scarmour al ell rap. elpls and dlsHibutlons made on my account or by me In this transaction. I Wirer certify oral l have received a copy of NO HUD.1 ettlomont Statement. SELLER(S): The C / of Carmel, Indiana ,I By: Steve EngelKing, erector o' Administration and Authorized Represen nap 3 Itemization of Title Charges and Government Recording and Transfer Charges ile No. 685201 First American Title Insurance Company ?oan No. ?0140601 Settlement Date. 2/30/2014 Property: 10407 and 10409 Pennsylvania St, Indianapolis, IN 46280 12109 Date. 1 212 912014, 5 :48 PM Name & Address of Borrower: First Amedcan Exchange Company, LLC, as Qualified Intermediary for Timothy Moehl and Heather Moehl 1866 Valley Drive, Indianapolis, IN 46280 Name & Address of Seller: The City of Carmel, Indiana One Civic Square, Carne . IN 46032 Name & Address of Lender: Centro Credit Union 70 Carr Hill Rd Columbus, IN 47201 1100. Summary of Title Charges Borrower Charges Seller Charges Borrower Charges Seller Charges 1101. Title Services and Lenders Title Insurance 1202. Recording Fees 735.00 1203. Transfer taxes Title Services Fees 5235.00 a, CPL Fee Borrower /Lender - IN $50.00 1206. Record Deed $20.00 b. Processing Fee $185.00 1208. Sales Disc:osuer Fee 515.00 c. TI Enforcement Fund - OP $0.00 1102. Settlement or Closing Fees to First American Title Insurance Company $350.00 a. SettlementIClosing Fee $350.00 1 1103. Owners title insurance - First American rile Insurance Company 420.00 a. Owners Premium 5420.00 1104. Lender's title Insurance- First Amedcan Tine Insurance Company $150.00 a, LRESEND] Residential Endorsement Fee $100.00 b. Mortgage Premium $50.00 1105. Lender's title policy limit $ 110,000.00 1106. Owners title policy limit $ 146,711.00 1107. Agent's portion of the total title insurance premium $ 0.00 to First Amedcan Title Insurance Company 1108. Under vhters pollen of total title insurance premium $ 570.00 to First American Title Insurance Company 1109. CPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Fee to First American Tille Insurance Company 109.00 1111. Search/Exam Fee lo First Amedcan Title Insurance Company 250.00 1112. TI Enforcement Fund - OP to First American Title Insurance Compan 5.00 1200. Government Recording and Transfer Charges Borrower Charges Seller Charges 1201. Government Recording Charges 75.00 1202. Recording Fees 1203. Transfer taxes 1204. City/county tax/stamps: 1205. Stale tax/stamps: 1206. Record Deed $20.00 1207. Record Mortgage 540.00 1208. Sales Disc:osuer Fee 515.00 Page 1