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2013-079
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2013-079
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Last modified
11/2/2015 10:24:40 AM
Creation date
10/1/2015 5:15:37 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Memorandum
Approved Date
04/23/2013
Control Number
2013-079
Agenda Item Number
10.A.1
Entity Name
Dewitte, Jonas
Subject
Neighborhood Stabilization Program
Ordinance No. 2012-006
Area
798 Mullberry St. Sebastian
Supplemental fields
SmeadsoftID
11881
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thdian :River County <br /> Neigb ahood Stabilization=Program <br /> Property Sales. Addendum <br /> This Neighborhood Stabilization Program Addendum (Addendum) is to be made part of the <br /> Purchase Agreement (Agreement) dated March... 18 , 2013, between Indian River County _ (Seller) <br /> IF <br /> and Jonas Dewill J1. Ier), for theproperty located at: 1338 Haverford Lane. Sebastian. :Florida. <br /> 32958 (the Property) <br /> The property is being sold as part of Indian River County ' s Neighborhood Stabilization Program <br /> (NSP). Indian River County (the County), utilizing NSP funding, is providing second mortgage <br /> assistance financing to assist Buyer with the purchase of this property. The second mortgage — <br /> assistance to be provided to Buyer consists of the following two items: <br /> IF <br /> A. Closing Cost .Assistance : <br /> Indian River County will provide zBuyer with closing cost assistance in an amount not to exceed' ten <br /> percent ( 10%) of the sales price of the property . This closing cost assistance may be used to pay <br /> Buyer's recording fees, intangible taxes, stamps on the note, mortgage title insurance, wood <br /> destroying organism inspections, appraisal fees, property survey fees, credit reports, lender' s <br /> document preparation fees, underwriting fees, closing attorney ' s settlement fees, Buyer' s. courier <br /> IF <br /> fees, prepaid property taxes, prepaid homeowner' s insurance, prepaid flood insurance, and any <br /> other fees included on the HUI) closing statement for the property agreeable to both Buyer and <br /> Seller. <br /> Be GauYina cine Assistance: <br /> Indian River County will provide an amount equal to the difference between the sales price of the <br /> property, less buyer contribution, and the amount a mortgage lender approved by County, selected <br /> by Buyer, has committed to loan to Buyer for the purchase of the property through a thirty (30) <br /> year fixed rate conventional first mortgage utilizing the property being acquired as collateral . The <br /> amount of the Gap Financing Assistance may not exceed an amount equal to thirty-five percent <br /> (35%) of the sales price of the property . <br /> Seller's Initials Buyer' s Initials . <br />
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