The URL can be used to link to this page

Home My WebLink AboutSettlement Statement - CRC - 1,500,000 9/14/06 2:51 PM OMB No.2502-0265 A.U.S.Department of Housing B.Type of Loan and Urban Development 1.[ ]FHA 2.[ ]FMHA 3.[ ]Cony.Unins. 4.[ ]VA 5.[ ]Cony.Ins. 6.File Number 7.Loan Number 2061932 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 dosing: they are shown here for information purposes and are not Included in the totals D.Name of Borrower: Cannel City Center,LLC E.Name of Seller: City of Carmel Redevelopment Commission TIN: F.Name of Lender: Irwin Union Bank and Trust Company-Downtown,300 North Meridian Street, Suite 1200,Indianapolis,IN 46204 G.Property Location: of the Northeast 1/4 of Section 36,Township 18 North,Range 3E East,Hamilton County,Indiana City Center Drive.Carmel,IN 46032; Third Avenue 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: 9/15/2006 Proration Date: 9/15/2006 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 1,500,000.00 401. Contract sales price 1,500,000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower(line 1400) 15,388.50 403. 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. 410. 111. 411. 112. 412. 120. Gross amount due from borrower: 1,515,388.50 420. Gross amount due to seller: 1,500,000.00 200. Amounts paid by or in behalf of the borrower: 500. Reduction in amount due to seller: 201. Deposit or earnest money 61,750.00 501. Excess deposit(see instructions) 202. Principal amount of new loan(s) 993,750.00 502. Settlement charges to seller(line 1400) 2,098.00 203. 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. Deposit or earnest money 61,750.00 207. 507. 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: 1,055.500.00 520. Total reduction In amount due seller: 63,848.00 300. Cash at settlement from/to borrower: 600. Cash at settlement to/from seller: 301. Gross amount due from borrower(line 120) 1,515,388.50 601. Gross amount due to seller(line 420) 1,500,000.00 302. Less amount paid by/for borrower(line 220) 1,055,500.00 602. Less total reduction in amount due seller(line 520) 63.848.00 303. CASH(X)FROM()TO BORROWER 459,888.50 603. CASH()FROM(X)TO SELLER 1,436,152.00 L. Settlement Charges 9/14/06 2:51 PM File Number:2061932 i 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 to Irwin Union Bank and Trust 9,937.50 802. Loan discount 803. Appraisal fee to Irwin Union Bank and Trust Company-Downtown 2,300.00 804. Credit report 805. Lender's inspection fee 806. Mortgage insurance application fee 807. Assumption fee 808. Tax Service Fee 809. Flood Certification 810. Lender Counsel Fees to Irwin Union Bank and Trust Company-Downtown 2,500.00 811. Loan Administration Fee to Irwin Union Bank and Trust Company-Downtown 250.00 812. 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 2062458 to Hamilton Title Security,LLC 370.00 1105. Document preparation 1106. Notary fees 1107. Attorney's fees to includes above items no.: 1108. Title insurance to Hamilton Title Security,LLC 150.00 1,500 00 includes above items no: 1109. Lender's coverage $1,350,000.00 $150.00 1110. Owner's coverage $1,500,000.00 $1,500.00 1111. Courier Fee 1112. Wire Fee to Hamilton Title Security,LLC 15.00 1113. Dept.of Ins.Enforcement Fee to Stewart Title Guaranty 5.00 5.00 1200. Government recording and transfer charges 1201. Recording fees: Deed$20.00 Mortgage$36.00 56.00 1202. City/county tax/stamps: 1203. State tax/stamps: 1204. Sales Disclosure Filing Fee to Auditor of Hamilton County 10.00 1205. Transfer Fee to Auditor of Hamilton County 5.00 1206. Recording Fees on 2062458 to HIS,LLC Recording 33.00 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) , 15,388.50 2,098.00 CERTIFICATION:I have carefully reviewed the HUD•1 Settlement Statement and to the best of my know•••:e a . t' e and accurate statement of all receipts and disbursements made on my account or by me in this transaction I further certify that I have �� 1 Se•ement Statement. !/ �w-4 .(. O. Carmel City Center,LLC ity Car'-"-edc.elop'ent • mission To the best of my knowledge,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 disbursed by the undersigned as part of the settlement of this transaction. Hamilton Title Security,LLC Date INDIANA SALES DISCLOSURE FORM Page 2 PART 1-To be completed by DUYER/GRAN IEE and SELLER/GRANTOR(typed or printed in black ink) Seller 1•Name or Entity as appears on deed City of Carmel Redevelopment Commission N One Civic Square a Cgy,Town.or Poet Office State ZIP Code Carmel _I J± _4_1610 1.3_121 - JJJ ;- Seller 2-Nano or Entity as appears on deed C tn Address C ,Town,r Post Office 1 State JJ JJJJ - JJJ Preparr Name end Address Preparer Phone William B.Olsen 865 W Carmel Drive Carmel.IN 46032 JJJ • JJJ JJJ . Buyer 1-Name or Entity as appears on deed Carmel City Center,LLC Will this property be the Address buyers primary residence? 770 Third Ave Southwest 0 yea O. No N u Clb,Town,r Post Office State ZIP Code 51 Carmel J�J J_61JJ - JJJJ y Buyer 2-Name or Entity as appears on deed 1 m Address City.Teen,or Pont Office State ZIP Code J JJJJ - JJJ Under penalties of penury,I hereby certify that this Sales Disclosure,to the best of my knowledge and biller,Is true,correct and complete as required by law,and Is propred to eocordsn with IC e-1.18.5,"Real Properly Bales Disclosure Act•. S• -lure of Sol.,..,/Air Signature of Buyer � �ji 411V• •/ I. .xtN• Seer-.an,) 0 g / 2 1 3 / 2 0 0 6 Bpyar Sian Data 0 1 8 / 2 3 / 2 0 0 6 131.P/Of- Li. - JJJ JJ - JJJ - JJJ PART 2-COUNTY AUDITOR I PART 3-COUNTY OR TOWNSHIP ASSESSOR County Assessor or other assuming office)moat verify and complete the following Information: OSlenincent physical changes to property between March 1 and data of sob AtIAI,t,it;. srnc,, Property$ AV LAND JJJmwd m psa pode Tiring restrict(SLOP essIgned) $ , , AV MPV JJJJJ Completion O Yes O No Date Entered in Transfer Book $ J AV TOTAL O valid sat• I / / I IJJJJJJJJ NEIGHBORHOOD CODE lie F. SALES DISCLOSURE FORM �; State PRIVACY NOTICE:The telephone � •_ ryv` IdIII�f�fIlO�l�lllllllfl�lll�l (' +'r�1 pumpers of time parries on this Toren are f''(,} Presorted by Department dteal Government RrrenW ?n Pursuant eontldentlalaccordingtolC6l.tb.5- .;'.-.a1 3(d). u PART 1=To be completed by BUYERIGRAISTEE and SELLER/GRANTOR(typed or printed in black ink) Parcel Numbor(s)(Show add'dbnal parcels on separate sheet if necessary.) Acreage cr Lot Sloe Parlor Pared 1.111JAJJJJ1.12EJ2]:19_1J/1J11211_1J Milli JJJJJJJJJJJJ2_1JJJJJJJ JJJJJ JJJJJJJJJJJJJJJJJJ JJJJ.JJJ c. CI) City Center Drive JJJ City.Town,or Post Office State ZIP Code c Carmel JfIll 116.1 (21.3_121 - JJJ IL Tax Baling Address(If other than property address) K. 770 Third Ave Southwest City,Town,or Port Office State ZIP Code I Carmel JJ JJJ • JJJJ Legal Description Part of 36-18-3 Identify all conditions that apply NOTE:If items 12-21 apply,filers are not subject to disclosure flling fee. O1-Buyer is an adjacent property owner O 12S0cunty interest amused/1w such as mortgages or trust mom. O2-Vacant Lend O 13-Leases less than 90 years O3-Exchange for other real property("Traded O 14-Document resulting from foreclosure,or express O4-Seller Pald Points;amount If applicable threat of foreclosure,divorce court order,condemnatbn, e n I probate or other fudblel proceedings. 2 ill p 0 6-Change planned in the primary ese of the property?Describe In O 15-Agreements and other documents for H 5 special circumstances. mergers,consolidations,and incerporalbns Z' 8 0 6-Existence of family or business relationship between buyer and seller O 14-Quitclaim deeds not serving as a source of title O7-Land Contract Dated: O 17-Documents Involving the partition of land between tenants In common,joint tenants,or tenants by the O 5-Personal property Included in transfer,amount If applicable entirety. $ ❑ O 1a-Tronster to•charity,not-for-profit or government Institution Oe•Significant physical changes to property between March 1 and data of sale O 19-Transfer for no or discounted consideration,or girt O10-Non-warranty deed;specify type O 20-Rerecording to correct prior recorded document 011-Partial lntenat.Describe in special rlrcemstancea. 021-Easoments,Right-et-way grants Contract Dale MMIDO/YWV) _,..... 0 8 /12 3 / 2I0 0 6 Saba Price $ 1 5 0 0 0 0 0 Descrbe any unusual or special dreu netaercas rotated to this sale,Includup the epedecetion of any lens-then-oomptete ownership Interest end terns of seller Prancing. Is