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2019-010
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Last modified
12/27/2019 12:03:36 PM
Creation date
1/16/2019 12:03:30 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
01/15/2019
Control Number
2019-010
Agenda Item Number
13.B.
Entity Name
Central Groves Corp
Subject
66th Avenue Road Expansion Project
Warranty Deed Attached
Area
49th Street to CR 510
Alternate Name
Agreement to Purchase and Sell Real Estate
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A. Settlement Statement <br />U.S. Department of Housing <br />and Urban Development <br />OMB Approval No. 2502-0265 <br />I B. Type of Loan <br />1. C FHA 2 C RHS 3. C Conv. Urns <br />4 Li VA 5. C Conv. Ins. <br />6. File Number <br />49084389 <br />7. Loan Number <br />jI <br />8. Mortgage Insurance Case Number <br />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 <br />marked "(p o.c.)" were paid outside the closing: they are shown here for information purposes and are not included in the totals. <br />D. Name and Address of Borrower <br />Indian River County, a Political Subdivision of the State of <br />Honda <br />1801 27s1 Street <br />Vero Beach. Honda 32960 <br />E Name and Address of Seller <br />Central Groves Corp., a Florida corporation <br />P. 0. Box 643426 <br />Vero Beach, Flonda 32964 <br />F. Name and Address of Lender <br />G. Property Location <br />66th Ave & 69th Street <br />Vero Beach, Florida 32966 <br />INDIAN RIVER <br />H Settlement Agent <br />Atlantic Coastal Land Title Company, LLC <br />855 21st St. Suite C, Vero Beach, FL 32960 <br />Place of Settlement <br />855 21st Street <br />Suite C <br />Vero Beach, Florida 32960 <br />I. Settlement Date <br />02/04/19 <br />J. SUMMARY OF BORROWERS TRANSACTION: <br />K. SUMMARY OF SELLERS TRANSACTION: <br />100 GROSS AMOUNT DUE FROM BORROWER <br />400 GROSS AMOUNT DUE TO SELLER <br />101. Contract sales pnce <br />. 655298.00 <br />401 Contract sales price 655,298 00 <br />102 Personal property <br />402 Personal property <br />F103. Settlement charges to borrower (line 1400) <br />91368.50 <br />403 <br />404 <br />104 <br />105. <br />405. <br />Adjustments for items paid by seller In advance <br />Adjustments for items paid by seller in advance <br />i 106. City/town taxes to <br />406. City/town taxes . to <br />107 County taxes to <br />407. County taxes to <br />408. Assessments to <br />108. Assessments to <br />109. <br />409. <br />110. 2019 Real Estate Taxes <br />338.79 <br />410. <br />111. <br />411. <br />112 <br />412 <br />L 120 GROSS AMOUNT DUE FROM BORROWER <br />747,005 29 <br />420. GROSS AMOUNT DUE TO SELLER <br />655,298.00 <br />200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER <br />500. REDUCTIONS IN AMOUNT TO SELLER <br />201 Deposit or earnest money <br />501 Excess Deposit (see instructions) <br />202 Principal amount of new loan(s) <br />502, Settlement charges to seller (line 1400) <br />0 00 <br />203. Esisting loan(s) taken subject to <br />503 Existing loans taken subject to <br />1 204 <br />504 Payoff of first mortgage loan <br />205 <br />505. Payoff of second mortgage loan <br />206 <br />506 <br />207. <br />507. <br />208. <br />508 <br />209. <br />509. <br />Adjustments for items unpaid by seller <br />Adjustments for Items unpaid y seller <br />510 City/town taxes to <br />511. County taxes 01/01/2019 to 02/04/2019 <br />338.79 <br />210 City/town taxes to <br />211 County taxes 01/01/2019 to 02/04/2019 <br />338.79 <br />212 Assessments to <br />512. Assessments to <br />213 <br />513. <br />1_ 214. <br />514. <br />215___. <br />515. <br />216 <br />516. <br />217, <br />517. <br />218 <br />518. <br />219_ <br />519. <br />220. TOTAL PAID BY / FOR BORROWER <br />338.79 <br />520. TOTAL REDUCTION AMOUNT DUE SELLER <br />338.79 <br />300. CASH AT SETTLEMENT FROM OR TO BORROWER <br />600. CASH AT SETTLEMENT TO OR FROM SELLER <br />301. Gross amount due from borrower (line 120) <br />747,005.29 <br />601. Gross amount due to seller (line 420) <br />655,298.00 <br />302. Less amounts paid by/for borrower (line 220) <br />338 79 <br />602. Less reduction amount due to seller (line 520) <br />338.79 <br />303. CASH FROM BORROWER <br />746,666.50 <br />603 CASH TO SELLER <br />654,959 21 <br />• 01-30-2019 at 12:42 PM <br />form HUD -1 (3/86) ref Handbook 4305.2 <br />
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