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A : Settlement Statement U . S . Department of Housing and Urban Development 000 OMB Approval No . 2502-0265 B. Type of Loan 1 .❑ FHA 2 . ❑ FmIIA 3 . W Conv. Unins . 6 . File Number 7 . Loan Number 8 . Mortgage Insurance Case Number 4 . ❑ VA 5 . ❑ Conv. Ins. 0040 . 0000011 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.) " were paid outside the closing ; they are shown here for informational purposes and are not included in the totals . D . NAME OF BORROWER : Indian River County, a political subdivision of the State of Florida ADDRESS OF BORROWER : 1801 ; 7th Str�et , Vero Beach , FL 32960 - E . NAME UP SELLER : Pressley Ranch , Inc . ADDRESS OF SELLER : Post Office Box 690155 Vero Beach FL 32969 t( a iNAIVIL 01, LEADER : ADDRESS OF LENDER : G . PROPERTY Blue Cypress Road/ Tax Parcel I . D . # 31 -36-00 -00001 -0000 -00010/0 LOCATION : Fellsmere , FL 32948 : LAW OFFICES OF GOULD COOKSEY FENNELL , P. A . 979 BEACHLAND BLVD . , VERO BEACH , FL 32963 (772 ) 231 - 1100 PLACE OF SETTLEMENT: 979 BEACHLAND BLVD . . VERO BEACK FI . 32963 I . SETTLEMENT DATE : 12/ /2 11 J0 SUMMARY OP BORROWER ' S I RA_N 7C I ION K. SUMMARY OF SELLER ' S I RANSAC I ION 100 , GROSS AMOUNT DUE FROM BORROWER 400 . GROSS AMOUNT DUE TO SELLER 101 . Contract sales price 1 000 000 . 00 401 . Contract sales price 1100 000 . 00 102 , Personal property __ 402 . Personal property 103 . Settlement charges to borrower ( line 1400) _ 36, 400 . 00 403 . 104 . 404 . 105 . _ 405 . Adjustments for items paid by seller in advanceAdjustments for items paid by seller in advance 106 . Cit /town taxes to .-- -- - - - _._ . _, __ 406 . Cid/town taxes to 107 . County taxes _- to 407 . County taxes to 108 . Assessments to _ 408 . Assessments to _ 109 . to _ 409 . to _ 110 . to 4_1_0 . to HL to _ 411 . to 112 . to 412 . to 120. GROSS AMOUNT DUE FROM BORROWER ' 1 ,036 ,400 .00 420 , GROSS AMOUNT DUE TO SELLER 1 ,000 ,000. 00 200, AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500 , REDUCTIONS IN AMOUNT DUE TO SELLER 201 . Deposit or earnest money _ _ 100 . 00 501 . Excess deposit (see instructions) 202 . Princi al amount of new loan ( s) __-_ __ 502 . Settlement charges to seller( line 1400)_ 74 650 . 88 203 . Existing loan ( s) taken subject to 503 . Existing loans taken subject to 204 . _ 504 . Payoff of first mortgage loan --------- -- 205 . 505 . Pa off of second mortgage loan 206 . Principal amount of new loan( s) _ _ 506 . 207 . __-_ 507 . 208 . 508 . ---- 209 . 509 . _ 209a - ___ 509a _ 209b509b _Adjustments for items unpaid y se er __ _ A justments for items unpaid y seller 210 . Cit /town taxes to 510 . Cit /town taxes to 211 . County taxes to 511 . County taxes to 212 . Assessments _ to 512 . Assessments to 213 . to _ 513 . to _ 214 . to 514 . to 215 . to____ 515 . to 216 . to __- 516 . to __- 217 , to 517 . to 218 . _- to _ 518 . to 219 . to 519 . to 220 , TOTAL AMOUNTS Al 100. 00 • T TA REDUCTIONS IN 74 ,650.88 BY OR IN BEHALF OF BORROWER AMOUNT DUE SELLER 300, CASH AT SETTLEMENT FROM/TO BORROWER 600 , CASH AT SETTLEMENT TO/FROM SELLER 301 , Gross amount due from borrower meGross amount due to seller ( line 420) 1 00000. 00 302 . Less amounts paid by/for borrower line 220 100 . 00 602 . Less reductions in amount due seller line 520 74 650 . 88 303 . CASH 50 From ❑ To BORROWER pop 190369300 .00 603 . CASH CZ1 To ❑ From SELLER jo� 9259349. 12 SCRIVENER' S NOTE : SELLER AND BUYER INTEND THAT THIS TRANSACTION SHALL CONSTITUTE A BARGAIN SALE PURSUANT TO APPLICABLE PROVISIONS OF THE INTERNAL REVENUE CODE . THE PARTIES AGREE TO EXECUTE IRS FORM 8283 TO EVIDENCE THE BARGAIN SALE NATURE OF THE TRANSACTION. PAGE 1 0211)4 Display systems, Inc. (863) 763-5555 - Laser Generated HUD- 1 ( 3- 86) RESPA, HB 4305 .2