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Home My WebLink AboutHUD Settlement statement sale of 10401/10403 PennIlitll '!: A. Settlement Statement (HUD -1) Illlill1 ., OMB Approval No. 2502 -0265 First American Title Insurance Company Settlement Statement B. Type of Loan 1-5. Loan Typo: Conv. Unins. 6. File Burgher: 685195 7. Loan Number: 60140601 8. Mortgage Insurance Case Number; C. Note: This form is furnished to give you aslalement of actual settlement costs. Amounts paid lo and by the saltement agent are shown. hems marked '(P0C)'were pad outside his closing; They zre shown here Tor informational purposes and are not included in the totals. D. Name & Address of Borrower: First American Exchange Company, LLC, as Qualified Intermediary for Timothy Moehl and Heather Moehl 1866 Valley Drive, Indianapolis, IN 46280. E. Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 F. Name & Address of Lender: Centro Credit Union 70 Carr Hill Rd _ _ Columbus, IN 47201 _- G. Property Locatlori: 10401 & 10403 N Pennsylvania St., Indianapolls, IN 46280 H. Settlement Agent: First American Title Insurance Company (317)816 -9988 Address: 40 Executive Drive, Suite A, Carmel, IN 46032 I. Settlement Date: 12/3012014 Print Date: 12/29/2014, 5:45 PM Disbursement Date: 12/3012014 Signing Date: 12/30/2014 Place of Settlement Address: 40 Executive Drive, Suite A, Carmel, IN 46032 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 146,711.00 401. Contract sales price 146,711.00 102. Personal properly 402. Personal property 103. Settlement charges to borrower (line 1400) 18,837.69 403. Total Deposits 104. 404. 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. Cilyllown taxes 406. Cltyltown taxes 107. County taxes 407. County taxes 108. Assessments 408. Assessments 109. 409. 110. 410. 111. 411. 112. 412. 113. 413. 114. 414. 115. 415. 120. Gross Amount Due from Borrower 165,548.69 420. Gross Amount Due to Seller 146,711.00 200. Amounts Pald by or on Behalf of Borrower 500. Reductions In Amount Due to Seller 201. Deposit or earnest money 14,671.10 501. Excess deposit (see instructions) 14,671.10 202. Principal amount of new bents) 110,000.00 502. Settlement charges to seller (line 1400) 10,662.32 203. Existing loan(s) taken subject 503. Existing loan(s) taken subject 204. "Credit Buyer Prepaid Application from Centre Credit Union 425.00 504. Payoff of first mortgage loan 205. Funds from 1031 Exchange 40,452,59 505. Payoff of second mortgage loan 206. 506. 2013 November Tax Payable In 2014 to POC-S 317.50 207. 507. 206. 506. 209. 509. Adjustments for items unpaid by seller Adjustments for Items unpaid by seller 210. City /town taxes 510. Cityllown taxes 211. County taxes 511. Coumy taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. Total Paid bylfor Borrower 165,548.69 520. Total Reduction Amount Due Seller 25,333.42 300. Cash at Settlement (rom(to Borrower 600. Cash at Settlement tolfrom Seller 301. Grass amount due from borrower (line 120) 165,548.69 601. Gross amount due to seller pine 420) 146,711.00 302. Less amounts paid by /for borrower (line 220) 165,548.69 602. Less reductions in amounts due seller (line 520) 25,333.42 303. Cash ( From) ( To) Borrower 603. Cash (X To) ( From) Seller 121,377.58 Previous editions are obsolete. • See Supplemental Page for details. " Paid on Behalf of Borrower. POC -B (Borrower); POC -S (Seller); POC -L (Lender); P0C -MB (,Mortgage Broker). The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not collect this information, and you are not required to complete this lotto, unless 11 displays a currently valid OMB control number. No confidentiality Is assured; this disclosure is mandatory. This is designed to provide the parties to a RESPA covered Transaction with information during the settlement process. Page 1 1 L. Settlement Charges e. .,, 700. Total Real Estate Broker Fees $10,269.78 Paid From Borrower's Funds at Settlement Paid From Seller's Funds at Settlement Division of commission (line 700) as follows: 701. $5,134.89 to Co'dwell Banker Kaiser 702. 55,134.89 to Keller1Nillams RE 703. Commission paid at settlement 10,269.78 704. 705. 706. B00. Items Payable in Connection with Loan 801. Our origination charge 1500.00 (from GFE 111) 802. Your credit or charge (points) for the specific interest rate chosen 51,237.50 (from GFE 82) 803. Your adjusted origination charges to Centre Credit Union (from GFE A) 1,737.50 804. Appraisal fee to CFS (from GFE 113) 425.00 805, Credit report (from GFE ;3) 806. Tax service to Centre Credit Union (from GFE /13) 60.00 807. Flood certification to Floodplain Consultants (from GFE 113) 25.00 808. (from GFE 113) 809. (Gan GFE 113) 810. {from GFE 113) 811. (frcm GFE 113) 900. Items Required by Lender to Be Paid in Advance 901, Daily interest charges from 12/30/14 to 01/01/15 @$12.8080201day to Centre Credit Union (from GFE 1110) 25.62 902. (from GFE 83) 903. Homeowners insurance (from GFE 1111) 904. 905. 906. 1000. Reserves Deposited with Lender 1001. Initial deposit for your escrow account prom GFE 119) 642.47 1002. Homeowners insurance 3 mo(s) @$90.83/mo 5272.49 1003. Mortgage insurance 1004. Property taxes 3 mo(s) @5123.341mo 5370.02 1005. 1006. 1007. Aggregate Adjustment -50.04 1100. Title Charges 1101. me services and lenders title insurance prom GFE 114) 740.00 1102. Settlement or closing fee 5350.00 to First American Title Insurance Company 1103, O.vners Otte Insurance - First American Title Insurance Company (from GFE its) 420.00 1104. Lenders title insurance - First Amedcan Title Insurance Company 5150.00 i 1105. Lenders 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 Tile Insurance Company 1108. Undenvdters portion of total title insurance premium $ 570.00 to First Amedcan Tile Insurance Company 1109, GPL Fee Seller - IN to First Amedcan Title Insurance Company 25.00 1110. Processing Fee to First Amedcan Title Insurance Company 100.00 1111, Search/Exam Fee 10 First American Title Insurance Company 250.00 ' Supplemental Summary 55.00 5.00 1200. Government Recording and Transfer Charges (from GFE 117) 91.00 1201. Government recording charges 1202. Recording fees: 1203. Transfer taxes (from GFE 1/8) 1204. City /county tax/stamps: 1205. State tax/stamps: 1206. record deed $20.00 1207. record mortgage 156.00 1208. sales disc fee 515.00 1209. 1210. 1300. Additional Settlement Charges 1301. Required services that you can shop for (from GFE 116) 1302. current bill to Clay Township Regional Waste 6.27 1303. current bit to Clay Township Regional Waste 6.27 1304. Refund 1 Earnest Money Deposit from Exchange, to Timothy Moehl and Heather Moehl 14671.10 1305. 1306. 1307. 308. 1309. 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) I 18,837.69 B ' 10,662.32 See Supplemental Page for details. "Paid on Behar( of Barrmver. -B (Borrower); POCS ( Serer), PDC -L (Lender), • Page 2 Comparison of Good Faith Estimate (GFE) and HUD -1 Charges Charges That Cannot Increase HUD -1 Line Number Our origination charge N 801 Your credit / charge ( points) for the specific interest rate chosen 4 802 Your adjusted origination charges 4 803 Transfer taxes 4 1203 File No. 685195 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% HUD -1 Government recording charges tt 1201 Appra!sal fee 11 804 Tax service # 806 Flood certification k 807 901 @$12.808020/day Homeowner's insurance u 903 N Title services and lender's title insurance I/ 1101 f I X I No. ❑ Yes, you have a balloon payment of $ 0.00 due in 0 years on . Owners title insurance Total 1103 Increase between GFE and HUD -1 Charges Charges That Can Change HUD -1 HUD -1 66.00 Initial deposit for your escrow account 4 1001 $ 541.13 Includes Daily Interest charges 4 901 @$12.808020/day Homeowner's insurance 4 903 I X I No. ❑ Yes, the first Increase can be on and the monthly amount owed can riso to $ 0.00. The maximum it can ever rise to is $ 0.00. Title services and lender's title insurance # 1101 f I X I No. ❑ Yes, you have a balloon payment of $ 0.00 due in 0 years on . Owners title insurance N 1103 8 Good Faith Estimate HUD -1 HUD -1 66.00 25.62 91.00 425.00 $ 541.13 Includes 425.00 60.00 400.00 60.00 25.00 1 T I No. D Yes, it can rise to a maximum of $. 25.00 I X I No. ❑ Yes, the first Increase can be on and the monthly amount owed can riso to $ 0.00. The maximum it can ever rise to is $ 0.00. Does your loan have a prepayment penalty? a No. I I Yes, your maximum prepayment penalty is $ 0.00. Does your loan have a balloon payment? f I X I No. ❑ 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 as property taxes and homeowners Insurance, You must pay these items directly yourself. I X1 You have an additional monthly escrow payment o($ 214.17 that results in a total initial monthly amount owed of $ 75520. This includes principal, interest, any mortgage insurance and any Items checked below: X1 Property taxes I X I Homeowners Insurance C Flood insurance II Fl I I 576.00 601.00 $25.00 or 4.3403% Good Faith Estimate HUD -1 1,368.00 642.47 25.62 25.62 Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ 541.13 Includes 597.00 740.00 400.00 420.00 Even If you make payments on time, can your loan balance rise? 1 T I No. D Yes, it can rise to a maximum of $. Your initial loan amount Is $ 110,000.00 Your loan tarn is 30 years Your initial interest rate is 4.2500 % Your initial monthly amount owed for principal, interest, and any mortgage insurance is $ 541.13 Includes 4 Principal X Interest Mortgage Insurance Can your interest rate rise? I X No. Yes, it can rise to a maximum of 0 .0000 %. The first change will be on and can change again every after. Every change date, your interest rale can increase or decrease by 0.00000 %. Over the life of the loan, your Interest rate is guaranteed to never be lower than 0.0000% or higher than 0.0000 %. Even If you make payments on time, can your loan balance rise? 1 T I No. D Yes, it can rise to a maximum of $. Even if you make payments on time, can your monthly amount owed for principal, interest, and mortgage insurance rise? I X I No. ❑ Yes, the first Increase can be on and the monthly amount owed can riso to $ 0.00. The maximum it can ever rise to is $ 0.00. Does your loan have a prepayment penalty? a No. I I Yes, your maximum prepayment penalty is $ 0.00. Does your loan have a balloon payment? f I X I No. ❑ 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 as property taxes and homeowners Insurance, You must pay these items directly yourself. I X1 You have an additional monthly escrow payment o($ 214.17 that results in a total initial monthly amount owed of $ 75520. This includes principal, interest, any mortgage insurance and any Items checked below: X1 Property taxes I X I Homeowners Insurance C Flood insurance II Fl I I Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form, please contact your (ender. Page 3 Supplemental Page HUD•1 Settlement Statement Filo No. 685195 First American Title Insurance Company Settlement Statement Loan No. sY14 Yoo5 Settlement Date: 52)3012014 Borrower Name & A arose: First Amorkan Exchange Company, LLC, al Qualified Intermediary for TImolhy 6lochl and Hoalhet Moohi 1666 Volley Drive, Inoi onapolls, IN 46200 Seller Name & Address. City of Carmel Oro Civic Square, Carmel, IN 46032 1La following Section Is restated from the Settlement Statement Page 1 300, Cash al Seliloment tiondlo Borrower 600, Cash al Settlement loltrom Seller 301. Bross amount 60 11011I borrower One 1701 165,540.60 001. Gross amount duo lonelier ilhe 420) 307. Loss Wan, pail,uyllor bummer (Ilea 220) 105,548.69 602. Leas reducllcns in amounts dra sonar (line 520) 703. Cash( From)( TO) Borrower 603. I have carefully relvlawed the 1100 -1 Selllomenl Statement andlo the boot of my knowledge and Intel. 11152 Irea and accurate 5 WlamoaPOf all rocoipls and distributions r atio on my account or by me In Ills transaction. I further curlily That I have received a copy of the HUO.1 Senlement.Stalemonl. OUYER(S .; T nolhy Heather Moehl g 2„5 - &izt4.ss>L Firs American Exchange Company, LLC U_ as Qualified Intermediary fox Timothy Moehl and Heather Moehl Il:a I IV0.1 Seeyt,mA Slalonwnl which thane popane Is a Imo 6 ncwraia atone at alh rransuelbh I OaW mind or will ceuto les lends In be disbursal In nccald ant e wish 146 a6$rtonl First American Title Insurance Company By Sell anLAyeel: Jenniler II �I1 Oslo: Supplemental Page HUD -1 Settlement Statement File No. 685195 First American Title Insurance Company Settlement Statement Lean No. Settlement Date: 12/3012014 Borrower Name A Address: First American Exchange Company, LLC, as Chi Milled Intermediary for Timothy hloohl and He User Moehl 1856 Veiny Dave, Indlanapols, IN 46280 Seller Name 8, Address: City of Carmel One Chile Square, Carmel, IN 46032 The fallowing Soctlon Is reatated Tram the Settlement Statement Page 1 300. Cash at Settlement from/to Borrower 600. Cash al Settlement tolfrom Seller 301. Gross amount duo hem boom.'er(ILo 120) WL Gross amaunldue le seller Poe 420) 146,11100 302 Lase amounts paid byllo' bonnnn (Ilne 220) 602. Less reductions F amounts duo seller (lino 521) 25,33342 303. 603. Gash (X TO( From) Seller 121,377.58 I have carefully reviewed the HUD -1 Settlement Statement and to the beat of my knowledge and belief, It Is a true and accurate statement of all receipts and distd buttons made an my account or by me In this transecllon. I ludher eorty that I have received a to py of the HUM Settlement Sta lenient. SELLER(S): City o armel By: Steve Engel ng, Director of dministralion and Authorized Represen P&P 3 Itemization of Title Charges and Government Recording and Transfer Charges 6File 85195 No. First American Title Insurance Company Loan No. 60140601 Settlement Date. 12130/2014 Property: 10401 810403 N Pennsylvania St., Indianapolis, IN 46280 Print Date. 12/29/2014, 5:45 PM Name & Address of Borrower: First Amedcan Exchange Company, LLC, as qualified Intermediary for Timothy M.oehl and Heather Moehl 1865 Valley Drive, Indianapolis, IN 46280 Name & Address of Seller: City of Carmel One Civic Square, Carmel, IN 46032 Name & Address of Lender: Cenlra Credit Union 70 Carr H111 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 74000 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 fee 515.00 c. Search /Exam Fee $0.00 1102 Settlement or Closing Fees to First American Title Insurance Company $350.00 a. Settlement/Closing Fee 8350.00 1103. Owners title insurance - First American Title Insurance Company 420.00 a. Owners Premium $420.00 1104. Lenders title insurance - First American Title Insurance Company $150.00 a, LRESEND] Residential Endorsement Fee $100.00 b. Mortgage Premium 850.00 1105. Lender's title policy limit $ 110,000.00 1106. Owner's title policy limit $ 146,711.90 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 Title Insurance Company 1109. CPL Fee Seller - IN to First American Title Insurance Company 25.00 1110. Processing Fee to First American Tine Insurance Company 100.00 1111. Search/Exam Fee to First American The Insurance Company 250.00 1112. TI Enforcement Fund - MP to First American Title Insurance Company 85.00 1113. TI Enforcement Fund - OP to First American Title Insurance Company 5.00 1200. Government Recording and Transfer Charges Borrower Charges Seller Charges 1201. Government Recording Charges 91.00 1202. Recording Fees 1203. Transfer taxes 1204. City /county lax/stamps: 1205. State tax/stamps: 1206. record deed $20.00 1207. record mortgage 856.00 1208. sales disc fee 515.00 Page 1