HomeMy WebLinkAboutSettlement Statement - CRC •
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1/31/07 5:31 PM OMB No.2502-0265
A.U.S.Department of Housing B.Type of Loan I
and Urban Development 1.[]FHA 2.1)FMHA 3.[1 Cony.Untnam
4.(1 VA 5.DC)Cony.Ire,
6.Flta Number 7.Loan Number
20060064 ,
Settlement Statement 8,Mortgage Ins.Case No. -
C.Note: This form Is furnished to give you a statement of actual aettlemest oosta,Amounts paid to we by the settlement
agent ere 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. Pedoar Residential,LLC,770 3rd Avenue SW,Cannel,IN 46032
0.Name of Seller. The City of Carmel Redevelopment Commission,One Civic Square.Carmel,IN
46032
F.Name of Lender. Irwin Union Bank,P.O.Box 1149,Columbus,IN 47202 •
G.Property Location: Warren 6 Phelps,Section 25,Phase 03
. Rangellne Road S I Fiat Avenue SW,Cement,IN 48032
H.Settlement Agent: Absolute Title Services,LLC(317)697-U32
Piave of SetftemalR: 770 Std Avenue SW,Cannel,Indiana 46032
I.Settlement Dabs: 211/2007 Proration Date: 2t12007
r; . > iimirili ggi:o rgiBflsg.vii iviii 4,4-:;-154, s :. :Sri r: el ei`' r'gns t: q µa. •i
100. Gross amount due from borrower. 400. Grose amount due to seller
101. Centralsaias price 2,455,000.00 401. Contract Baba price 2,455,000.00
•102. Personal properly 402. Personal property
103. Settlement charges to boomer Ole 1400) 18.778.14 403. •
104. 404.
105. 405. .
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106. City/town trams 405. Chyrtown taxes
107. County lases 407. County taxes
108. Assessments 408. Assessments
109. 408.
110. 410. -1
111. 411.
112 412
120. Gross amount due from harrower 2,473,778.14 420. Grosa'amount due to eellei: 2,455,000.00
:'re r>vt711 •rx •yti-L--rr. r'�.':^ "t-?1V C Vic.:
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201. Deposit or earnest money ' 005,000.00 501. FExceis deposit(see Insbuedona
202. Principal amount of new loan(e) 1,550 000.00 602 Seaeritent charges to seller Dine 1400) 2,208.00
203. Exlsttngloart(s)taken subject to 503. Extsl(n�tean(a)taken suh3cctto
204. 504. .Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan .
209. Survey Reimbursement 5,000,00 508. Survey Reimbursement 5.000,00
207. Closing Credit 1,250,000.00 507. Closing Credit 1,250,000.00
208. 608.
209. 509. r
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210. City/towntsxea 510. CByltowntexes •
211': County taxes • - • - . • 511. County:taxes• ' •
212 Assesyryrs 612 Assessments
213 513. .
214. 614. .--
216. 515.
216. 610.
217, 617.
218. . . .618, . .. .
. . 519.
0. Total petd byflor borrower: • 3,710,000.00 520. Total reduction in amount due seller. 1,257,208.00
,:.` 1 'r. - �-: t'. :d%74`*: :ern .i rr^-s:., J `A" eer•T el•a.
solt,�_;Cis')'F-P'tls��i!eAysntifrp'iNtti,�o?iSt!yen ?�`-•nc=?.;:v:•:,>'^a=�r".,.:rr:. �eti6'r.Cas�lef`•e��lbrma'"tml�,t'o7JF'o�m'i�6�{'�e�is;"•�:�-i�.a��=,i;a`cf=fir•
111. Gloss amount due from borrower(Bne 120) _ 2,473,778.14 501. Gross amount due to seller(fine 420) _ 2,455,000.00
302. Loss amount paid byfforbmrowar(Roe 220) 3,710,000.00 602• Leas total reduction in amount due aelter(Me 620) 1,257,208.00
303. CASH()FROM(X)TO BORROWER 1,236,221,66 603. CASH QFROM p(JT0 SELLER 1,197,7920e
SUBSTRUTE FORM 1005 SEL tR STATEMENT-The Karmen contained N Steps E,G,H end tend online 401(or,if Ina 401 1.asterisked,!Ines 403 end 404),408,407 end
406412(ey 4lrsble pert of Oryei'e'real saute tart reportatis te One IRS)Is imponentlax hebrmaaon.and Is being"nenirhed to the Interned Revenue Spsles.It you are required is ma a
return a nagtgenca penally or anger sin:non van be Imposed on yen u Oda than Is requtrer'm tie reported end Me IRS deierminea'fiet It his riot bean reported.
SELLER INSTRUCTION-If this reatestate wit your pr(nctpte resId icd foe form Otto,gab or Exthmnge of Pdddpd Residma,for any gin,with yonrtnmrne tax return:for seer
trmnadbrn,cornpbm the ep08oeble parts of forte 4707.Form 6252 endkc Schedule O(Form 1040). '
you are repiamo ey raw a promo.Aworaa rroe services,LJ.t3 rat')tar r-0T.iu wren your eerie=napiker eeuvreiuon nonoer:`
In you do not monde ModuliTlOe Seaton.LLC(317)0074232 with your rmreu taxpayer Id.,,Sh,.Sm number,you new be tubed to dvt or criminal pena7dea
The Coy of Carmel Redevelopment Commission .
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ett Yn hertie. E9e 4_e;ti:`r1
zit%�-fir.Y,� IBt11 tt'l'a 8'_J:°i";�,�.'�u�s.;vld:�;_ %;jr3710't-6: .1'{?AA=`` fir•`-'..�i=�:sal.-`"r.%�:� ��f�...:.%ai�c'k 1YUm-befa200fi008
700. Total ealestbroker commission Paid From Paid From
Division of commbelon(line 700)as follows: Borrowers Sellers
701. $ Funds at Funds al
702. S Settlement Settlement
703. Commission paid at aet0ament
704
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801. Loan origination fee
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802. Loan discount
003• Appraisal fee to Irwin Union Bank 4,500.00
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804. Credit report
805. tenders inspection fee
806, Mortgage Insurance application fee
807. Assumption fee •
808, Commitment Fee to Irwin Union Bank 7,750.00
BOA Loan Processirteee to Irwin Union-Bank. 250.00
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810.
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811. .
812 _
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p00'.-�' s' "iu��3efitlet8!be.'pa'"1d'd�ed3�a!tcQr....1! .=:r:.^.-• :.i ::r<%:,:ry:" ?sYsc�?t;�.;'.,.',$�i!iw .��....., ...:�'.."..,..stir'!
901. Interest from �. '
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902. Mortgage Insurance premium for
903. Hazard insurance premium for •
804.
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905.
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1001. Hazard Ineutence
1002. Mortgage Insurance
1009. Cllr property texas
1004. County property taxes • •
1005. Annual assessments(rnaint)
1008.
1007.
1000,
1008. Aggregate Arpustmerd •
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1101. Settlement or closing fee to Absolute Tale Services,L1.0 250.00 250.00
1102. Abstract or title search to•Tale Search.Servlces,LLC 510.00
1103. Tale examination to Absolute Title SeivIces,LLC 75.00
1104. Title Insurance binder .
1105. Document preparation
1106. Notary fees •
1107. Attorney's fees to Wooden 6 McLaughen,LLP-• • ' ' • 1,500110
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brok dos above Items no.: . . _
1108. Tale insurance to Absolute Title Services,LLC 500.00 1,928.00
Otcudes above Hems no.:. '
1109. Lenders coverage $1.550,000:00 $500.00
1110. Owner's coverage •$2.455,000.00 41,028.00..._ •
1111. Indiana State Regulatory Fee to Stewart Title Guaranty Company 5.00 • 5.00
1112. Tale Policy Endorsement Fees to Absolute Tate Services,tiC 950.00
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1113.
?� •;Far- 'L:" .� :74:r� e: 'ac aV 4V.?f:':4-.5 ifg-.._u:x s5•;:gia7:
.77:A:tC�?�"!yuj! fL�� •a�h9 fef-a �..'�j;;��°,- __;:r... i'�-:...,;i'-'S,i- . -•_ti. �'=:tY::•,.:=rF,.?: �:,aaEr;.v;<;�« 1
1201. Recording fees: Deed 525.00 Mongane 5100,00 Dec 575.00 200.00
1202. City/county lax/stamprc.' .Deed 525.00 25.00.
1203. ;Statetax/stamps: • • ' ' . . ' . .
1204,
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1208. •
Dill•=^'"1Additio�i8;$6tElGfljetifs Chnr_�'�;.�1itiayi:r:'.'>. ,?*aG.�c -�4rri:;;:y�r'?:;[4:'•'r.':`:;l'ae_ ';3;?„�_i;•rwtv'.`.-hu'::3'�.rx:"j;;e�'[4+'v`:;-'' te�-
1301. Survey to Crape Architects&Engineers 2,238.14
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1302. Pesthnspectan
1303. W re •Transfer Fees •to Absolute T108 Servioee.,LLC ' 50.00
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1304.
1305. • - , . •
1400.- Total eettlatrir ht'charg4e•(d'ntifred On Ones 103;s.Gtlbn'J'dJld 502,£edabii K):' ..'•"' ' •‘'•-' / • 15,778:142• " -2,208.00•
clifiTlF1CAT1Ott I tatty rar,Nly reviewed the HUD-1 Sommers abetment ens to ate oast ern/knowledge•. ..../' - '.'-- '•'etemrtmnt of all metes•
and t e e t n s a r e s e i s udvdn my s e r a a d o r by oe In 5i trnir:arseril furtber•wrlfithet I Mme received a copy ' . f^::•'••..
Pecker Residential,LIC. y The City. Ce`': .ev ,• :..C•. ...•n. .
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To fhebest of my imorvle!dgs,the.HUD-1•,Seftement Statement wtddt t have prepared Is a hue and nominee ante funds which:Hare received and have been or Will be
disbursed by ems settlement of Vs tigisactlon-
mo . 7.01)
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Absolute lira SeMwe,LLC Data ` •
. BELLER%AMOR Dfi PURCHASER'!STATE7IENTSallere and Purchaser's elgnalure toreon a hnowledgea hMhelrappmvel of tax pruratknn and signifies their
uMlaaterdIng rant pninseam were lased on lawn for the praxdng year,or adimslas for the current year,and In the event of any change ha the Cement year,e0 nern+aary
a4aatmenta must be made beasoal Sett rand Purchaser;Ilkoatae bey:late dt In delinquent harm WI be reimbursed l0 nue Company by the Sebes.•
Ttue Company.In is rapatity as FaaarAgenI,la and has been authorized to depoab at funds It recelven In Site boraactan to any financial 1ne18uaOn,whether affiliated
or not Stab Snnrclal 6raWulen may provide TWO Company comp arecosadirrg and null sernces directly orttsough a separate trinity vitddh.U Mated wth Tide Company,
may charge Ito Nrarelal tenet lion reasonable and proper comps nation tfaatom end retain any profits tlmmf em.Any escrow We paid by any party Involved in eh
tranesdlar east only be far dwdmdtng end input be the computes,but natter aforesaid armmurq end audtaevkes.The Company shoe net be table for any Wanda
other charges on the earnest morreyard stall be underno duty to Investor learned hinds held by eat any tics.Sedan and Purchasers hereby acknowledge and Durward b the
deposit of the=rare money In Wender Irtsawa0rm with which llle Compe.y has or may have other banking retllanahips and further•• •to but retention byTtta Company
arrdkr is gnat.*of any and a benefits fhdudbn advantageous Interest rotes on keno}TUh Company andice Its Situ atee 7‘11=We Institutions by
reason of thahnWntanerce of estd escrow=unto.
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per. The n ese New reed IM Mcrae aerby,rt1rr rwestnmbw theft.;arltakrru harsh e+n nu ro fn y Cadman di rwlvlm so the Mare
�a P4t�.??t> I+44 a.err srt ,� L. : �G�e/: km- •
'Pedeor Residential,LLC '• Th:, I'01 - 1 n• to. .tltC.! .•on, •.
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WARNWOf t b a Mau to IddoMngy make take soma be ere Mad States an this or any new lanais form.Pemlaaa upon conviction can Include n Me and
brlprtomrwe.Far details sew he let U.S.Code Section 1001 end Section 1010.
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rmessesse,