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HomeMy WebLinkAboutSettlement Statement 990,000 7/18/05 1:35 PM OMB No.2502-0265 A. U.S. Department of Housing B.Type of Loan and Urban Development 1.[ ]FHA 2.[ ]FMHA 3.[ ]Conv.Unins. 4.[ ]VA 5.[ ]Cony.Ins. [X]Other. 6.File Number 7.Loan Number 2051845 Settlement Statement 8.Mortgage 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("POC")were paid outside the closing: they are shown here for information purposes and are not included in the totals. D.Name of Borrower: City of Carmel Redevelopment Commission E.Name of Seller: 251, LLC TIN: F.Name of Lender: G.Property Location: of Section 25,Township 18 North,Range 3E East,Hamilton County,Indiana 251 Second Street SW,IN; 261 Second Street SW, IN H.Settlement Agent: Hamilton Title Security,LLC(317)843-5300 TIN: 35-2033417 Place of Settlement: 865 West Carmel Drive,Suite 110,Carmel,IN 46032 I.Settlement Date: 7/22/2005 Proration Date: 7/22/2005 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 990,000.00 401. Contract sales price 990,000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower(line 1400) 1,196.00 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance: Adjustments for items paid by seller in advance: 106. City/town taxes 406. City/town taxes 107. County taxes 407. County taxes 108. Assessments 408. Assessments 109. 409. 110. Interest Credit 7/15/2005 to 7/22/2005 1,114.65 410. Interest Credit 7/15/2005 to 7/22/2005 1,114.65 111. Insurance Reimbursement 450.00 411. Insurance Reimbursement 450.00 112. 412. 120. Gross amount due from borrower: 992,760.65 420. Gross amount due to seller: 991,564.65 200. Amounts paid by or in behalf of the borrower: 500. Reduction 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) 251.00 203. Existing loan(s)taken subject to 503. Existing loan(s)taken subject to 204. 504. Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. • 207. Initial Contract Balance 874,000.00 507. Initial Contract Balance 874,000.00 208. 508. 209. 509. Adjustments for items unpaid by seller: Adjustments for items unpaid by seller: 210. City/town taxes 510. City/town taxes 211. County taxes 511. County taxes 212. Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. Total paid by/for borrower: 874,000.00 520. Total reduction in amount due seller: 874,251.00 300. Cash at settlement from/to borrower: 600. Cash at settlement to/from seller: 301. Gross amount due from borrower(line 120) 992,760.65 601. Gross amount due to seller(line 420) 991,564.65 302. Less amount paid by/for borrower(line 220) 874,000.00 602. Less total reduction in amount due seller(line 520) 874,251.00 303. CASH(X)FROM()TO BORROWER 118,760.65 603. CASH()FROM(X)TO SELLER 117,313.65 L. Settlement Charges 7/18/05 1:35 PM File Number:2051845 700. Total sales/broker commission Paid From Paid From Division of commission(line 700)as follows: Borrower's Seller's 701. $ Funds at Funds at 702. $ Settlement _ Settlement 703. Commission paid at settlement 704. 800. Items payable in connection with loan 801. Loan origination fee 802. Loan discount 803. Appraisal fee 804. Credit report 805. Lender's inspection fee 806. Mortgage insurance application fee 807. Assumption fee 808. Tax Service Fee 809. Flood Certification 810. 811. 812. 900. Items required by lender to be paid in advance 901. Interest from 902. Mortgage insurance premium for 903. Hazard insurance premium for 904. 905. 1000. Reserves deposited with lender 1001. Hazard insurance 1002. Mortgage insurance 1003. City property taxes 1004. County property taxes 1005. Annual assessments(maint.) 1006. 1007. 1009. Aggregate Accounting Adjustment 1100. Title charges 1101. Settlement or closing fee to Hamilton Title Security,LLC 175.00 175.00 1102. Abstract or title search 1103. Title examination 1104. Title insurance binder 1105. Document preparation to David Walsh 45.00 1106. Notary fees 1107. Attorney's fees to includes above items no.: 1108. Title insurance to Hamilton Title Security,LLC 990.00 includes above items no.: 1109. Lender's coverage 1110. Owner's coverage $990,000.00 $990.00 1111. Courier Fee 1112. 1113. 1200. Government recording and transfer charges 1201. Recording fees: Deed$16.00 16.00 1202. City/county tax/stamps: 1203. State tax/stamps: 1204. Sales Disclosure Filing Fee to Auditor of Hamilton County 10.00 10.00 1205. Transfer Fee to Auditor of Hamilton County 5.00 5.00 1206. Memorandum of Land Contract to Hamilton Title Security,LLC 16.00 1300. Additional settlement charges 1301. Survey 1302. Pest inspection 1303. 1304. 1305. 1400. Total settlement charges(entered on lines 103,section J and 502,section K) 1,196.00 251.00 CERTIFICATION: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 or by me in this transaction.I further certify that I ha ceived a copy of HUD-1 S ttlement Statement. • City of Carmel Redevelopment Commission 251, L To the b- t... • w-•ge,the HUD-1 Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been or will be dis f!•,^ .-r.igned as part of the settlement of this transaction. � RIM ler Hamill. e Security,LLC Date