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.
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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