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HomeMy WebLinkAboutSettlement Statement - CRC - 1,800,000 1/19/05 4:17 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. 6.File Number 7.Loan Number 2043428 . _ 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: Pedcor Office,LLC E.Name of Seller: City of Carmel Redevelopment Commission TIN: F.Name of Lender: G.Property Location: Rangeline Road,Carmel, IN 46032 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: 12/22/2004 Proration Date: 12/22/2004 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 1,800,000.00 401. Contract sales price 1,800,000.00 102. Personal property 402. Personal property 103. Settlement charges to borrower(line 1400) 216.00 403. 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. 410. 111. 411. 112. 412. 120. Gross amount due from borrower: 1,800,216.00 420. Gross amount due to seller: 1,800,000.00 200. 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) 1,987.00 203. 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. 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 q i 512. Assessments 213. -d 513. 214. _ , 514. 215. nn\ 515. 216. ,,� 7,Q .2 516. 217. x° 517. 218. SUYG\ 518. 219. �elk 1 519. • 220. Total aic'by/jdr o1.ow 0.00 520. Total reduction in amount due seller: 1,987.00 _ 300. Cash a4;settlement from/to borrower: 600. Cash at settlement to/from seller: (( - 301. Gross amount due fromtorrower(line 120) I 1,800,216.00 601. Gross amount due_to_seller(line_420) �' I__- 1,800:000_00_ _/302. Less amount paid by/for borrower(line-220) - 0:00-6lFL-Less total reduction in amount due seller(line 520) 1,987.00 1303. CASH(X)FROM()TO BORROWER 1,800,216.00 603. CASH()FROM"(X)TO SELLER 1,798,013.00 • L. Settlement Charges 1/19/05 4:17 PM File Number:2043428 700. Total sales/broker commission Paid From Paid From Division of commission(line 700)as follows: i Borrower's Seller's 701. $ 702 $ Funds at Funds at �: 703. Commission paid at settlement 1 Settlement Settlement 704. 800. Items payable in connection with loam 801. Loan origination fee ' , 802. Loan discount 803. Appraisal fee ill , , ,i 804. Credit report _4 805. Lender's inspection fe23;- '` ' 806. Mortgage insurance application fe e 807. Assumption fee 808. Tax Service Fee I 809. Flood Certification 810. 811. 812. a 900. Items required by lender to tie laid in advance 901. Interest from 902. Mortgage insurance premium r r 903. Hazard insurance premium fr 904. �r 905. r 1000. Reserves deposited wi, 1001. Hazard insurance ih lender 1002. Mortgage insurance 1003. City property taxes 1004. Coorgy prop nY t, 1005. Annual assessmt'xes 1006. 'nts(maint.) 1007. r ' 1009. Aggregate Accot• nting Adjustment • 1100. Title charges • 1101. Settlem • ;, i` 1102. Abs� nt or closing fee to Hamilton Title Security,LLC 175.00 175.00 1103. Tit, ',act or title search 1104. T/e examination 1105. ,itle insurance binder , j% :~ t Document preparation Notary fee's .i'7.. Attorney's fees to +Ty 7 includes above items.no.: 1108. Title insurance to Hamilton Title Security,LLC 1,800.00 h includes above items no.: 1109. Lender's coverage 1110. Owner's coverage $1,800,000.00 $1,800.00 e 1111. Courier Fee 1112. Wire Fees(2) to Hamilton Title Security,LLC 12.00 12.00 1113. 1200. Government recording and transfer charges 1201. Recording fees: Deed$18.00 18.00 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 1.00 1206. 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) 216.00 1,987.00 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 have received a copy of HUD-1 Settlement Statement. Pedcor Office,LLC City of Carmel Redevelopment Commission 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 1 • \,1/4 • .V4