HomeMy WebLinkAbout93- Warranty Deed 93- Purdy, Anna Lee Deed
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filM 131 PACfJS66
WARRANTY DEED
FOR VALUE RECEIVED, ANNA LEE PURDY, the grantor, does hereby
grant, bargain, sell, convey and confirm unto the Bozeman Parking
Commission of P. O. Box 640, Bozeman, Montana 59715 the grantee
and its assigns, the following described premises in Gallatin
County, Montana, to- wit:
All that part of fractional Lot No.2 of Guy's Addition
to Bozeman, Gallatin County, Montana, included within
the following metes and bounds, to-wit: Commencing at
a point 129~ feet South and 37 feet East of the
~ Northwest corner of the E~E~SW~ of Section 7, Township
2 South, Range 6 East, M.P"M.; thence running East 197
\ feet, thence South 40~ feet, thence West 197 feet,
~ thence North 40~ feet to the place of beginning.
~ EXCEPTING THEREFROM a strip of ground 50 feet in width
~ East and West and 40~ feet in length, North and South,
{'l\ off of the entire West end of said described tract,
~ which is now being used for street purposes. All
according to the official plat thereof on file and of
'z. record in the off ice of the Coun ty Clerk and Recorder
of Galla tin Coun ty, Mon tana. As previously described
\ in Warran ty Deed recorded in Book 81 *"'Page 629.
~ ** of Deeds,
v TO HAVE AND TO HOLD the said premises, with their
'( appurtenances unto the said Grantee and its assigns forever. And
, the said Grantor does hereby covenant to and with the said
Grantee that she is the owner in fee simple of said premises;
tha t they a re free from all encumbrances except rights-of-way,
federal patents and mineral reservations, easements, and building
and use restrictions of record and that she will warrant and
defend the same from all lawful claims whatsoever.
DATED this .3t:l day of Apr i I, 1993.
~A /:~~ ~~~
Anna Lee Purdy
STATE OF MONTANA )
: ss.
County of Gallatin )
On this ~ day of April, 1993, before me, a Notary Public
in and fOl; said State, personally appeared ANNA LEE PURDY, known
to me~t'6'<bf,:! the person whose name is subscribed to the wi thin
in~p~m~'ff1:h.~n,d acknowledged to me that she executed the same.
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263769
State of Moll, County of t4aIItUtt. IS FIIecf for NCOnJ MAY 4 .1993
at, 1~~ AM., ami recorded II Book 131 of, " D~.~~ .... 3~
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FEE: $6.00
RT: AMERICAN LAND TITLE CO
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AMERICAN LAND TITLE COMPANY
WESTBROOK CENTER
1800 WEST KOCH
P.O. BOX 396
PHONE (406) 587-5563
BOZEMAN, MONTANA 59715
Date: ,!),-lq -0,3
Order No. 1-43489-SL
CITY OF BOZEMAN
P.O. BOX 640
BOZEMAN, MT 59715
ATTN: ROBIN
In connection with your real estate transaction recently handled by us, we are pleased to
enclose the items shown below.
A special file has been set-up on your property and hence, we are in a position to render you
excellent service in future transactions. While the issuance of any future policies will depend on
a current examination of title at the time, in the event you desire to sell or mortgage your
property, please contact us promptly and we will expeditiously process your order.
We appreciate having had this opportunity to serve you; and we shall be pleased to assist you
in any matters involving this or any other properties you own. Your needs and the protection of
your property rights are our first consideration.
In connection with the above transaction, we enclose:
(XXXX) Policy of Title Insurance
(XXXX) Deed
( )
( )
Sincerely yours,
AMERICAN LAND TITLE COMPANY
C? ()J1 ~ CbA!O
HEE/43400
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~ Commonwealth~ POLICY NUMBER
lb5-2bY-8Lfl
Land Title Insurance Company
OWNER'S POLICY OF TITLE INSURANCE
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS CONT AINBD IN SCHEDULE B AND THE
PROVISIONS OF THE CONDITIONS AND STIPULATIONS HEREOF, COMMONWEALTH LAND TITLE INSURANCE
COMPANY, a Pennsylvania corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A,
against loss or damage, not exceeding the amount of insurance stated in Schedule A, and cost, attorneys' fees and expenses
which the Company may become obligated to pay hereunder, sustained or incurred by the insured by reason of:
I. Title to the estate or interest described in Schedule A being vested otherwise than as stated therein;
2. Any defect in or lien or encumbrance on such title;
3. Lack of a right of access to and from the land; or
4. Unmarketability of such title.
IN WITNESS WHEREOF, the Commonwealth Land Title Insurance Company has caused its corporate name and seal to be
hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or
agent of the Company.
COMMONWEALTH LAND TITLE INSURANCE COMPANY
AU." ~! N /tr:l B~ ~ P,.,~."'
EXCLUSIONS FROM COVERAGE
Thc following matters are expressly excluded from the coverage of this policy:
I. (a) Govcrnmental police power.
(b) Any law, ordinance or governmental regulation relating to environmental protection.
(c) Any law, ordinanl.:e or governmental regulation (including but not limited to building and zoning ordinances)
restricting or regulating or prohibiting the occupancy, use or enjoyment of the land, or regulating the character,
dimensions or location of any improvement now or hereafter erected on the land, or prohibiting a separation in
ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part.
(d) The effect of any violation of the matters excluded under (a), (b) or (c) above, unless notice of a defect, lien or
encumbrance resulting from a violation has been recorded at Date of Policy in those records in which under state
statutes deeds, mortgages, lis pendens, liens or other title encumbrances must be recorded in order to impart constructive
notice to purchasers of the land for value and without knowledge; provided, however, that without limitation, such
records shall not be construed to include records in any of the offices of federal, state or local environmental protection,
zoning, building, health or public safety authorities.
2, Rights of eminent domain unless notice of the exercise of such rights appears in the public records at Date of Policy.
3, Defects, licns, encumbrances, adverse claims, or other matters (a) created, suffered, assumed or agreed to by the insured
claimant; (b) not known to the Company and not shown by the public records but known to the insured claimant either
at Date of Policy or at the date such claimant acquired an estate or interest insured by this policy and not disclosed in
writing by tbe insured claimant to the Company prior to the date such insured claimant became an insured hereunder;
(c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; (e)
resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or
interest insured by this policy.
American Land Title Association Owner's Policy - 1970 - Form B (Rev. 10-17-70 and 10-17-84)
Form 1005.96 Face Page
Valid Only If Schedules A, B and Cover Are Attached
ORIGINAL
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS (c) The Company shall have the right at its own cost to institute and
The following terms when used in this policy mean: without undue delay prosecute any action or proceeding or to do any other act
which in its opinion may be necessary or desirable to establish the title to the
(a) "insured": the insured named in Schedule A, and, subject to any estate or interest as insured, and the Company may take any appropriate action
rights or defenses the Company may have had against the named insured, those under the terms of this policy, whether or not it shall be liable thereunder, and
who succeed to the interest of such insured by operation of law as distinguished shall not thereby concede liability or waive any provision of this policy.
from purchase including, but not limited to, heirs, distributees, devisees, (d) Whenever the Company shall have brought any action or interposed a
survivors, personal representatives, next of kin, or corporate or fiduciary defense as required or permitted by the provisions of this policy, the Company
successors. may pursue any such litigation to final determination by a court of competent
(b) "insured claimant": an insured claiming loss or damage hereunder. jurisdiction and expressly reserves the right, in its sole discretion, to appeal
from any adverse judgment or order.
(c) "knowledge": actual knowledge, not constructive knowledge or no- (e) In all cases where this policy permits or requires the Company to
tice which may be imputed to an insured by reason of any public records. prosecute or provide for the defense of any action or proceeding, the insured
(d) "land": thc land described, specifically or by reference in Schedule hereunder shall secure to the Company the right to so prosecute or provide
A, and improvements affixed thereto which by law constitute real property; defense in such action or proceeding, and all appeals therein, and permit the
provided, however, the term "land" docs not include any property beyond the Company to use, at its option, the name of such insured for such purpose.
lines of the area specifically described or referred to in Schedule A, nor any Whenever requested by the Company, such insured shall give the Company all
right, title, interest, estate or easement in abutting streets, roads, avenues, reasonable aid in any such action or proceeding, in effecting settlement,
alleys, lanes, ways or waterways, but nothing herein shall modify or limit the securing evidence, obtaining witnesses, or prosecuting or defending such
extent to which a right of access to and from the land is insured by this policy. action or proceeding, and the Company shall reimburse such insured for any
expense so incurred.
(e) "mortgage": mortgage, deed of trust, trust deed, or other security
instrument.
4. NOTICE OF LOSS-LIMITATION OF ACTION
(f) "public records": those records which by law impart constructive
notice of matters relating to said land. In addition to the notices required under paragraph 3(b) of these Condi-
tions and Stipulations, a statement in writing of any loss or damage for which it
2. CONTINUATION OF INSURANCE AFTER CONVEYANCE is claimed the Company is liable under this policy shall be furnished to the
OF TITLE Company within 90 days after such loss or damage shall have been determined
and no right of action shall accrue to an insured claimant until 30 days after
The coverage of this policy shall continue in force as of Date of Policy in such statement shall have been furnished. Failure to furnish such statement of
favor of an insured so long as such insured retains an estate or interest in the loss or damage shall terminate any liability of the "Company under this policy as
land, or holds an indebtedness secured by a purchase money mortgage given by to such loss or damage.
a purchaser from such insured, or so long as such insured shall have liability by
reason of covenants of warranty made by such insured in any transfer or
conveyance of such estate or interest; provided, however, this policy shall not 5. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS
continue in force in favor of any purchaser from such insured of either said The Company shall have the option to payor otherwise settle for or in the
estate or interest or the indebtedness secured by a purchase money mortgage
given to such insured. name of an insured claimant any claim insured against or to terminate all
liability and obligations of the Company hereunder by paying or tendering
3. DEFENSE AND PROSECUTION OF ACTIONS - NOTICE OF payment of the amount of insurance under this policy together with any costs,
attorney's fees and expenses incurred up to the time of such payment oJ; tender
CLAIM TO BE GIVEN BY AN INSURED CLAIMANT of payment, by the insured claimant and authorized by the Company.
(a) The Company, at its own cost and without undue delay, shall provide
for the defense of an insured in all litigation consisting of actions or proceed-
ings commenced against such insured, or a defense interposed against an 6. DETERMINATION AND PAYMENT OF LOSS
insured in an action to enforce a contract for a sale of the estate or interest in (a) The liability of the Company under this policy shall in no case exceed
said land, to the extent that such litigation is founded upon an alleged defect,
lien, encumbrance, or other matter insured against by this policy. the least of:
(b) The insured shall notify the Company promptly in writing (i) in case ( i) the actual loss of the insured claimant; or
any action or proceeding is begun or defense is interposed as set forth in (a) (il) the amount of insurance stated in Schedule A.
above, (ii) in case knowledge shall come to an insured hereunder of any claim of
title or interest which is adverse to the title to the estate or interest, as insured, (b) The Company will pay, in addition to any loss insured against by this
and which might cause loss or damage for which the Company may be liable by policy, all costs imposed upon an insured in litigation carried on by the
virtue of this policy, or (iii) if title to the estate or interest, as insured, is rejected Company for such insured, and all costs, attorneys' fees and !:Xpenses in
as unmarketable. If such prompt notice shall not be given to the Company, then litigation carried on by such insured with the written authorization of the
as to such insured all liability of the Company shall cease and terminate in Company.
regard to the matter or matters for which such prompt notice is required;
provided, however, that failure to notify shall in no case prejudice the rights of (c) When liability has been definitely fixed in accordance with the condi-
any such insured under this policy unless the Company shall be prejudiced by tions of this policy, the loss or damage shall be payable within 30 days
such failure and then only to the extent of such prejudice. thereafter.
Conditions and Stipulations Continued Inside Cover
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B 1005-7 . . .
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OWNERS
SCHEDULE A
Office File Number Policy Number Date of Policy Amount of Insurance Premium
May 4, 1993
1-43489-SL 1 65-264841 at 10:19 A.M. $79,500.00 $471.50
1. Name of Insured:
BOZEMAN PARKING COMMISSION
2. The estate or interest in the land which is covered by this policy is: fee simple
3. Title to the estate or interest in the land is vested in:
Bozeman Parking Commission
4. The land referred to in this policy is described as follows:
All that part of fractional Lot No, 2 of Guy's Addition to Bozeman, Gallatin County,
Montana, included within the following metes and bounds, to-wit: Commencing at a point
129 % feet South and 37 feet East of the Northwest corner of the East Half of the East
Half of the Southwest Quarter (E% of E% of SW~) of Section Seven (7), in Township
Two (2) South of Range Six (6) East of M.P.M.; thence running East 197 feet, thence
South 40% feet, thence West 197 feet, thence North 40Y2 feet to the place of beginning.
Excepting therefrom a strip of ground 50 feet in width East and West and 40 % feet in
length, North and South, off of the entire West end of said described tract, which is now
being used for street purposes, All according to the official plat on file in the office of the
Clerk and Recorder of Gallatin County, Montana. As previously described in Warranty
Deed recorded in Book 81 of Deeds, page 629.
Q"... nn.(.rr-n- f\
(~uthonzed\ Signature)
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EXCEPTIONS FROM COVERAGE
File No.: 1-43489-SL Policy No.: 165-264841
SCHEDULE B
This policy does not insure against loss or damage (and the Company will not pay costs, attor-
neys' fees or expenses) which arise by reason of:
GENERAL EXCEPTIONS:
1 . Rights or claims of parties in possession not shown by the public records.
2. Encroachments, overl"ps, boundary line disputes, "nd "ny other matters which would be disclosed by an accu-
rate survey and inspection of the premises including, but not limited to, insufficient or impaired access and mat-
ters contradictory to any survey plat shown by the public records.
3. Easements, or claims of easements, not shown by the public records.
4. Any lien, or right to lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not
shown by the public records.
5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance here-
of; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (bl. or (c) are shown by
the public records.
6. Taxes or special assessments which are not shown as existing liens by the records of any taxing authority that
levies taxes or assessments, or notices of such proceedings, whether or not shown by the records of such
agency or by the public records.
SPECIAL EXCEPTIONS:
1. Except all minerals in or under said land including, but not limited to, metals, oil, gas, coal,
stone and mineral rights, mining rights and easement rights or other matters relating thereto,
whether expressed or implied.
2. Taxes for the year 1993 and subsequent years. Taxes for the year 1992 are paid.
Taxes for the year 1993 are a lien, not yet due or payable. Included within the General
Taxes is Bozeman Planning Board.
3. Special assessments levied by the City of Bozeman for 1992-1993 under Receipt No.
2351 :
First Half:
District No. 7001 Garbage Collection.
District No. 8000 Street Maintenance.
District No. 8001 Tree Maintenance.
Second Half:
District No. 8000 Street Maintenance.
District No. 8001 Tree Maintenance.
First and Second Half Installments are paid.
No liability is assumed for any special assessments, snow removal, sewer assessment
or garbage assessment not set forth in the Assessment Books of the City of Bozeman.
(continued)
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CONTINUATION SHEET
SCHEDULE B
File Number: 1-43489-SL Policy Number: 165-264841
4, Right of Way for. or any portion falling within streets running across the above
described property, including but not limited to South Bozeman Avenue, as disclosed
by the Gallatin County Plat Books.
HEE/43400
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CONDITIONS AND STIPULATIONS
(Continued)
7. LIMITATION OF LIABILITY unless a liability or value has otherwise been agreed upon as to each such
parcel by the Company and the insured at the time of the issuance of this
No claim shall arisc or be maintainable under this policy (a) if the poliey and shown by an express statement herein or by an endorsement
Company, after having received notice of an alleged defect, licn or attached hereto,
encumbrance insured against hereunder. by litigation or otherwise. removes
such dcfcct, lien or cncumbrance or establishes the title, as insured, within
a reasonable time after receipt of such notice; (b) in the event of litigation 11. SUBROGATION UPON PAYMENT OR SETTLEMENT
until there has been a final determination by a court of competent Whenever the Company shall have settled a claim under this policy.
jurisdiction, and disposition of all appeals therefrom, adverse to the title, as
insured, as provided in paragraph J hereof; or (c) for liability voluntarily all right of subrogation shall vest in the Company unaffected by any act of
assumed by an insured in settling any claim or suit without prior written the insured claimant. The Company shall be subrogated to and be entitled
consent of the Company, to all rights and remedies which such insured claimant would have had
against any person or property in respect to such claim had this policy not
been issued, and if requested by the Company, such insured claimant shall
8. REDUCTION OF LIABILITY transfer to the Company all rights and remedies against any person or
property necessary in order to perfect such right of subrogation and shall
All payments under this policy, except payments made for costs, permit thc Company to use the name of such insured claimant in any
transaction or litigation involving such rights or remedies, If the payment
attorneys' fees and expenses, shall reduce the amount of the insurance pro does not cover the loss of such insured claimant, the Company shall be
tanto, No payment shall be made without producing this policy for subrogated to such rights and remedies in the proportion which said
endorscment of such payment unless the policy be lost or destroyed, in payment bears to the amount of said loss, If loss should result from any
which case proof of such loss or destruction shall be furnished to the act of such insured claimant, such act shall not void this policy, but the
satisfaction of the Company, Company, in that event, shall be required to pay only that part of any
losses insured against hereunder which shall exceed the amount, if any, lost
to the Company by reason of the impairment of the right of subrogation.
9. LIABILITY NONCUMULATIVE
It is expressly understood that the amount of insurance under this 12. LIABILITY LIMITED TO THIS POLICY
policy shall be reduced by any amount the Company may pay under any This instrument together with all endorsements and other
policy insuring either (a) a mortgage shown or referred to in Schedule B
hereof which is a lien on the estate or interest covered by this policy, or (b) instruments, if any, attached hereto by the Company is the entire policy
a mortgagc hereafter executed by an insured which is a charge or lien on and contract between the insured and the Company,
the estate or interest described or referred to in Schedule A, and the Any claim of loss or damage, whether or not based on negligence,
amount so paid shall be deemed a payment under this policy. The
Company shall have the option to apply to the payment of any such and which arises out of the status of the title to the estate or interest
mortgages any amount that otherwise would be payable hereunder to the covered hereby or any action asserting such claim, shall be restricted to the
insured owner of the estate or interest covered by this policy and the provisions and conditions and stipulations of this policy.
amount so paid shall be deemed a payment under this policy to said No amendement of or endorsement to this policy can be made
insured owner. except by writing endorsed' hereon or attached hereto signed by either the
President. a Vice President, the Secretary, an Assistant Secretary, or
validating officer or authorized signatory of the Company,
10. APPORTIONMENT
If the land described in Schedule A consists of two or more parcels 13. NOTICES, WHERE SENT
which are not used as a single site, and a loss is established affecting one or
more of said parcels but not aP, the loss shall be computed and settled on All notices required to be given the Company and any statement in
a pro ra ta basis as if the amount of insurance under this policy was divided writing required to be furnished the Company shall be addressed to
pro rata as to the value on Date of Policy of each separate parcel to the Commonwealth Land Title Insurance Company, Eight Penn Center,
wholc. exclusive of any improvements made subsequent to Datc of Policy, Philadelphia, Pennsylvania 19103,
American Land Title Association Owner's Policy - 1970 - Form B (Rev. 10-17-70 and 10-17-64)
Cover Page
Form 1005-8 Valid Only If Schedules A and B Are Attached
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1-43489-SL
Real Estate Tax Agreement
A County Tax Year is January 1st thru December 31st. The tax may be paid in
halves or the entire year may be paid at the time the first half is due. The
first half of the years taxes (January 1st thru June 30th) being due November
30th of the current tax year. Second half taxes (July 1st thru December 31st)
are due May 31st of the following year. Buyer will not receive a tax notice
until the year following the purchase. However, Buyer should pay the taxes as
they become due, even though Buyer has not received the tax notice.
Reference Parcel #RGH2132 when corresponding with the County Treasurer.
( ) Taxes have been prorated on an estimate obtained from the County
Classification Office of $ for the year and are to be
considered a final settlement. American Land Title Company does not
assume any liability for the accuracy of said estimate.
( ) Taxes have been prorated on an estimate obtained from the County
Classification Office of $ for the year and will be
readjusted between the Buyer and Seller when the actual tax statement
becomes available. American Land Ti tl e Company does not assume any
liability for the accuracy of said estimate.
(XX) Taxes have been prorated on the basis of the previous year's taxes and
are considered a final settlement. (1992 Tax ~ $648.76)
( ) Taxes have been prorated on the basis of the previous year's taxes and
may be readjusted between the Buyer and Seller when the actual tax
statement becomes available.
( ) Taxes have been prorated on the current years taxes.
( ) Taxes have not been prorated. Buyer and Seller agree to prorate the
taxes at the time exact tax amounts are known.
. cl~~~ ~.-7_...a ,-~c L~.~
Bozeman Anna Lee Purdy
Buyer Seller
Buyer Seller
This Agreement executed on April 3D, 1993
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A, B. TYPE OF LOAN
I~I 1. D FHA 2, D FmHA 3, [J CONV UNINS,
4, D VA 5, D CONV INS,
. AMERICAN LAND TITLE co.
--~,,'-"'."'~- J.' LOAN NuMBER- .
6 FILE NUMBER
SETTLEMENT STATEMENT 1~4.34.89-SL
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8. MORTGAGE INSURANCE CASE NUMBER
(Peggy Russell)
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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 "(p,O,c.)" will be or were paid
outside the closing; they are shown here lor informational purposes and are not included in the totals,
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D. NAME OF BORROWERIBUYER: E NAME OF SELLER
Bozeman Parking Commission Rnna Lee Purdy
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F. NAME OF LENDER G. PROPER1Y LOCATION
Tract in Fractional Lot No. 2 of Guys
Rddn. , Bozeman, Montana
(108 S. Bozeman)
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H, SETTLEMENT AGENT: PLACE OF SETTLEMENT 1. SETTLEMENT DArE
Rmerican Land Title Company
1800 !Jest Koch Rpril 30, 1993
Bozeman Montana 59715
J. SUMMARY OF BUYER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
--,.,......,' ~~_.,-~"" ..~ .. .- ..,.',-------_.
100. GROSS AMOUNT DUE FROM BUYER: 400. GROSS AMOUNT DUE TO SELLER:
-' .~"~~. - -- 1'1 ,3UU. UU -. -- _.~.,.,..".,._-_.
._~ ~.~: Contract sales price --~,,"-,. ~,~, ,.. 401. Contract sales price ..~'". ".~,~... -. --... -....
102. Personal property .~_._"_.'~.-- _.~M " 402. Personal propertt_ .._..'w____ -....-
--." 81.UO"
103, Settlement charges to buyer (Iin~.,.1.~OO) 403.
...""," - ''''-'--- ___._. ~'W"
104. 404,
---..... ~"" ,,~_.- , - ~-- . _.'~ ~~.,'''~ --
105. 405.
.,.,... -,._,.,-"~- _.~~d,'_' -- - ~...
Adjustme'!!~.~?~!!ems paid by seller in a~vance .- Adjustments for Items paid by sell~ in advance -~-,_.,. ". ....-.
106. City/town taxes to 406, City/town taxes to
---,.....--_.- -_.~...~ ~,.~_. -. ..,~- -~-"'~ -.. ..----.----.-.
107. Countt~a.~.~.~_ to 407, County taxes to
-.- _..~ 'u ..~-~_. ~".-
1 08. Assessments to Assessments to
_____~m "''''-' -' .. _.,,-~ ~~~, .~..,.n~__'
109. 409,
11 oC 1 TV-Rssess 4~3U to 7-1 .. 11. 62 .~~... ....~~._- _..,,.---
410.
,,,r -, -_...~."'" ~~,.,~.. _....n._
120. GROSS AMOUNT DUE FROM BUYER 420. GROSS AMOUNT DUE TO SELLER
79,592.62
~~-",.'~ - ~,~~.. -~~~. ~..., .-, ...-..
200. AMOUNTS PAID BY OR IN BEHALF OF BUYER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
._---,~-~.,._,~'~'~. ~~.~~'~ 500.00 ,.,,'_.
201, Deposit or ,~~r,~~st money -- 501. Excess deposit (see instruction~L__ ~_~.'~N. . ..-..,-.
202, Princip'~~~~unt of new loan(s) ~.~".~ _n' _.,.,_. 502, Settlement charges to seller (line 1400) ., .~",." .._-~' "..
..~~3 Existing loan(s) !~:~, subject to .~~'"..~~ - 503, Existing ~oan(s) taken subject t'?__ -,.~, ~,._."
~~~.:...?econd mortgage loan,,__,.._ 504, Payoff ot first. mortgage loan ,'p- -.-,..
.._..~,',. ".,-. Principal Balance $ . -- --~".~._-
_._~
~--_.,,"~-~,.. ~"'" Interest Adjustment $ .- ~M'M'" ...---
~~~- .-. Reserves ( ) Credit ( ) Deficit $ .- ._~,".~.._--'-_..-
._,..,,~..~.- _'~".J~n .-. ~... ._,-_. ",'-'- - ,--
205, 505, Pa~<:~ of second mortgage loa~_
-- "" .-- --..." ,
~.._'..~.,- _.__m ,"y- Princip~~Balance $ ...~. ~.. ." ,,",- ..,
-~_._. - -',-- . Interest Adjustment $ ~~wr~ ._..,..~ ....""'-.,.-----
--~~,.".~P- . ....,,", .'-,~ ._~- -- "",,mn,'. ~_."'----
206, ..506, Second mortgage loan to Borrower
1---,--"-,, -,-, n ..~~,'.~._--
207. 507,
__..,W. -.. .mm., -- -- ._~"---
208 508.
~.~".,~_. -~~.... -- .... - ....',-'--
209, 509.
--.."."".... ~_.,..",'"_. ~,,-,- ~,.~~m. _..~ ,..,~.~---
Adjustm_e..,!!.~,!.?r items unpaid by seller .- _.. _',N"~.. Adjustments for items unpaid by seller ~~---~- ...,..-'-..----
3.~~~y.!town taxes to , _~.!9' Cily/town taxes to
01~oI=93 to 04.-30-93~' -. -. '" ~.._-----
.3.!~~.9unty taxes 211.51 511, C.ounty taxes to
- --' J',~'~"~__
212. Assessments to 512. Assessments to
-. ~-, "" - .. --
213, 513.
."',_n~_'_ ,~,-- ~.~- ,,~.~ .,..._--~
214, 514,
--~---,. - - - .. ._-
215. 515,
--~~".,.,.,,~."_.. ...,~,~,._~ _..~ ,~.._w_ ~'"~------
216. 516
---.-...,. ._,- _..,_~".,__r -- ~n.. _".r_ .-.--
217. 517.
._--_.~_...~~-'".~~-_.,- -., -..- .,_..'.~~ .~,".- -",-,. ......-
220. TOTAL PAID BY/FOR BUYER 520. TOTAL REDUCTION AMOUNT DUE SELLER
711. 51
-- ..~~.'" .~-~.
300. CASH AT SETTLEMENT FROMITO BUYER: 600. CASH AT SETTLEMENT TO/FROM SELLER:
~- ,."' 79,592.62 - -,~- -
,,~.?~.:...t;l,r~.ss amount due from buyer (line 120) -~,~~.,~~,. 601. Gross amount due to seller (line 420) ~".,_. .'.~--
302. Less amounts paid byl.f.9~_~~Y!!Jline 220) 711. 51-" 602, Less reductions in amount due seller (line 520)
. -- ._,.".. --,-
303. CASH (@ FROM) (0 TO) BUYER 78,881.11 603. CASH (0 TO) ( 0 FROM) SELLER
. .
'" ~. ... ~ ~ ":~ , :
L. SETTLEMENT CHARGES
._.,,~_. ,.--
700. TOTAL SALES/BROKER'S COMMISSION: PAID FROM PAID FROM
__~~::~.?~He~I~~~____ @ ..,.. % ~ _._ BORROWERS SELLERS
_______ _[Jivi~?~_,?! COmm!SSiOn (line 700) as follows: _._. .__ _~_ FUNDS AT FUNDS AT
701, $ ,,___ to _. ,,-'__ SETTLEMENT SETTLEMENT
702, $ to .._ .."..". ...,..__
703, Commission paid at Settlement .._.
704,
~_m_~. ~__.
800. ITEMS PAYABLE IN C~~~~~IO~,.WITH LOAN .._._ .".___ ~._._._.
801_ Loan Origi~~tio.~~.:.~_,,,_____~__ % .__ .__. __ ...".
802, Loan Discount % __ .... ,____,.,___...."..__
--~_..- . ". .~ .
_ ~03, Appraisal Fee ,__,...,.",____ to .~.,_,_,,_
804, Credit Report_ ______.._.___.." to .. __. ...,__._ ..__,."'.___
_B05- Lender's Inspection Fee ...____. '..._m ._. __...
806_ Mortgage Insuran?.:._~ppli~~ti?..n.~:~.!? ".._" . 'M'"
807_ Assumption Fee~_._.,..__.,._.._,_.,.., __. ,...._... .....,.._.
808_ Tax Ser~?~,<?()_n'!"~_(;t_ _.._ ., ____ ___ ,
~~nitia~~~(;!o~~~~__,... _...., .__.__
~-"-,--,, .., '..-'-".---" ..-.'-- ,-.-
~_11, ,_ .. .._,.._" ...~_
812, ,_..____ _ _._.,..__' ._ ._...~
H ~!,_~:...., __._..._. __.",__ ---- -...-.--.-
_~~~:.~"!"~_flIl~.RE~UIRED BY LENDER TO BE PAID IN ADVANCE __ __m_ ,_..____
_~~~: ,Int~!~~!f!~~_ to _,..____ @ $ day ".,__ ,.
902_ Mortgage Insurance Premium for months to _.. ,_.".._.. ___
~.~~~~-~~.-
903, Hazard Insurance Premium for ____ years to _ ,.__-. _.,_
904 _ Flood I ns_ Premium years to, u,,__
.~_..~.' ~...."' '-'", ,,~-~~ ~.,-
~, - -
1000. RESERVES DEP~~~,~'?_~I.!~__~.~~!:lER _..__.__. ______ _....
~~ Ha~!~..ln:~r~~(;~_._ months @ $ .___. per month..,..,_ .,
1002, Mortgage Insurance months @ $ per month _...,,__,__ __.____ ___..._____
1003, City property tax::'.__....."..,m,....___....__... months @ $ ...___.. per month _,.,..... _.._~__
.1004:~ounty property taxes months @ $ ..__.. per month ....." ___ __.....__
_l?O~:_~n,~ual assessments months @ $ ____ per month _.., ",_",,__ __
1006, Flood Insurance months @ $ per month..".__,_. ..-~
__lgg2: months @ $ ..__ per month ._....____ _._. .__
_..2.008,_________......._.... __"..._____ months @ $ __. per month ._
1100. TITLE CHARGES
~~1_101-~~~~ti;;~~~:~'~_-~I;;I~~-~~--- to American land fl tIe Company (1/2 ).. --". 15....00
1102, Abstract or title searCh to _,__"_,,,_... _.._ _.._.
1103_ Title examinalion____,...._..______ to ______..._",,,_",, ____. _........___....._
1104, Title insurance bi~de.:__,..,_..,,___"___to .._."___..__,.__ _. '".____..
1105, Document preparatio~.......,,__....___ to _".,."'._,.._ ...".___~".._m__
1106_ Notary fees to _.__.
11 07:_~ttorney's fees to __ ......,.._
includes above items numbers;
-;;08~-Titl~..:I~:IJ.;i~~--=_ to American la~.d Tl tIe Company..,...,.. -.----:~...".-.--
I________!f)cludes above items numbers; .._...__
1109, Lender's coverage ___.._. $ .._,_ __
1110, Owner's coverage $ .._'
__!_!_1..1..~IJ!.(;~aser'~ covE!r~2e $ ,,_.___...w ....______
1112_
____".~. ,.~._. . ~,.., ,., .._.,._m..."~.".,.,'.'_'~.~.. ~__.
1113_
~.__. .,'~'~.. -"'.~,
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201, Recording fees: Dee~.!___ 6 :,EO __.._".____ ; Mortgage $ ; Relea~~.~..,,_ .___ -'-.--..---... 6 . U U -."
1202, City/county tax/stamps: Deed $ ; Mortgage $ _
1203_ State tax/stamps: Deed $ ..".......____.......,__ ; Mortgage $ ___".."._....__,___ "_m"..
1204, Recording fees: Notice $ _.."'___ ,.~
1205.
~--,_.~~~~~~ "~~,...~".._.,~- ~~
1300. ADDITIONAL SETTLEMENT CHARGES
",...'..'A~"'.~~'""~.~'" ~.,"u.~~.~ _~~~~" ~-,.~'~-
1301. Survey to __._._
1302_ Pest inspection to .~__._
1303.
---,"---,-,",.._,'...,-, .,.-' ...,-', ...,.......,.._---,- -".-",'.' .. "., ' --
1304,
1305,
...___ ._....,.."...,., ..,'...~__.,__,_.~~~'_._....~ ~~~uu..,"_~".. .._.~,_'._ ~,"~~-
1400_ TOTAL SETTLEMENT CHARGES (enter on lines 103, Section J and 502, Section K) 81.00
The Undersigned Acknowledges Rec 'pt of This Disclosure Settlement Statement and Agrees to the Correctness Thereof,,
~. -? ~~
Buyer or Agent -~~l1;~^~~t "A..c.. Seller or Agent --..-"..-- .,,-
______ ~~.~",',. ~,~"w~...,__,~,,~'.~.'_ft~."_~~ ~~_
Buyer or Agent Seller or Agent