HomeMy WebLinkAboutHUD-1 Statement & Addendumr
k HUP1 U,S. Department of Housing
A. Settlement Statement and Urban Development- OMS'N6.26024265
0. Typo of Loan
Q 1. F"A Q. 2. FmHA O 3. Conv. Unlns. G. File Number 7. Loan Number, 8. Madg.lns.:Caaa Num.
Q 4. VA 0 5. Cony. ins, 10740 54402-11
ID:
C. NOTE:This (oft is.fumished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items
marked-(p,o.e.)- ware paid outside the closing; they are shaven .rare for Informational purposes, and am hot tnduded In the totals.
D. NAME OF BORROWER. GRBK GHO MEADOWOOD, LLC, a Florida irmilcd IlabUly company
Address of Boirowar. 69D NW Mercantile Pl, Pod Saint Lude', Florida Wall
E. NAME OF SELLER WELD GOLF INVESTMENT, LTD., o Florida Irmited partnership R E c --
Address of Seller. rso Estella &Associates USA Ltd., 4706SoApopka Vineland Rd. 2D1..Orland0, F on a 1 15"4F NAME OF LENDER.D CAddress of Lander E11
G. PROPERTY LOCATION: Conifer Or. and Grove Court, Fort Plarco, Florida 34954
H.SETTLEMENTAGENT. CiklinLubuz ST. LUCIe County, EPrf�(Place of Sattienumb 515 North Floglorbrive, 20th Floor, LVost Palm Beach, Florida 33401
I. SETTLEMEHT`DATE: 1125119 DISBURSEMENT DATE.111P5119
,r
1 Dt, Contract galas price
,, Gross to sollor,
4OA00.00
401. Contred sales price'
1 D2. Poreonal property
'402. Personal proparty
103. Saitlementcharges to borrower (Line 14110)
113.50
403.
104•
M4(*
404.
1 D5,
405.
106; Cttyhpwn faxes
406. Cityllown.ta.ios
107.Countytaxesfrom 1125719 to 1=1119
149.58
407. County !axes from 1112511D10 12131119
149.60
102. Assessments - Gem Assn from 11/25119 to 1241019.
627.39
406. Assessments - Com Assn from 11/25/19 to 1201119
'627.39
109.
409.
IID.
410.
Ill.
411.
112.
412.
120. Gross amount due from borrower
41.195.47
420. Gross amount due to collar.
41476.97
201. Dopositcreamustmoney
501. Excess deposit(seo insWc9ons)
202. P(14*31 amount of howloah(s)
502. Settlemenl'chames to gallor (lino 14DO)
2,140.66
203. Existing loan(s) taken subject to
503. Exi ling Wants) Laken subject to
204. P4ndpal amount of second modga0e
504. Payoff of first mortgage loan
205
506. Payofl'of second monpego loan
206.
506. Daposit;'hold byseller
207. Principal arat of mortga0e held by seller
1507. Principal aml of mortn�go held by seller
209_
300.
20D.
SD9.
21 D. Citil1lown taxes
510. Cityflown Well
211. County in= from 1125119 to 12/31119
511. Caunty taxes from 11251191012131119
212. Assessments
512. Assossmenis.
213.
513.
214.
1514,
215:
515.,
216.
515.
217.
517.
218.
518.
21 D.
519.
220.Total paid by/for borrower.
0.00
920.Total reductions in amount duo seller.
$140.68
301. Gross amount due from borrower
gins 12D)
41,195:47
SDI. Grascamounl duo to collar
(tare 420)
41.176.0
30L Less amount paid byllor the borrower
olne 220)
0.00
6DZ. Lass total reductions In amount duo seller
(frul'52O)
(2.140.68),
303. Cash;{ ❑� From (J, To } Bartower. ,
41,105.47
603. Cash (0 To ❑ From ) Sailor.
39.036.29
ouosurut corm lose sollor statoment: The Information contained in blacks E, G, )I, and I and an Ifna 491 Is Important tax information and b being
furnished to the IRS. If you etc required to file a return; a negligence penalty of other sanction will be imposed an you it this Rem is required to be reported and
the IRS datermlnes that H has not boon ropoded,
Sollerinstructions: If this real estato was yourprincipal residonco, Ole Form 2119, Salo orErchange of Principal Resldence, far any gain, Wilt yourtax
return. for otherlransacdons, complete the applicable pans of Form 4707, Form 6252 andfor schedule D (Form 1 D40).
DmubloTimoO
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1,11.10-1 U.S. Dcoadmonl of Housing and Urban Development Page 2
Paid from
Borravn.Ms
Funds at
Sattiement
Pam from
seller's
Funds at
Settlement
700. Total SatasAlrokem Corn. based cn price S64;000.00 °fis
701. % to
702. % to
703: Commission paid at settlamont
704. to
:11
861. Loan origlnattenfee %to:
802. Loan discount %to
M'. Appraisal fee to
604. Credit report to
805. Landerstnspectionlea to
806. Martgogetnsurance applicatlanfee to
807: Assumption Fee to
805. to
809. to
810. 40
811. to
:,r - - • ,
Zpald In van
901. Interest from to a !da
902. Mortgage Insurance premium for months to
903. Hazard Insuranco pramlum for years to
90C. Flood Insurance premium for years to
905. years to
1001-Hazard lasurance • months ® per month
1OOLMortgagetnsuranea months® permonlh
1003. City property taxes months ® per month
1004. County property texas months @ per month . .
1005. Annual assessments months ® per month
1006. Flood Immaco months @ permonth
1007. months permonlh
1008. months permonlh
1009. Aggregate accounting adjustment
,r
?JIMM,
1101.Settlement ordosingtoo to
1102. Abstract or this search to Ciklin Lubitz
150.00
1103. Title exaihinatl0n 'to
1104. Trda rnsurancepindor to
1105. Documantpreparaton to
1106. Notary foes to
1107. Attorneys Fees - to
(indudasabove itom numbers: }
1108. We Insurance to First American Title Insurance ComPPAWCLBO
T32.30
pncludes.above item numbers: }
1109. Lendefs coverage Premium):
1110. Ovmels coverage (Premium): $40,400.00 (5232.30)
1111. Endorse:
1112. to
1113. to
„ --
1201. Recording fees 'Deed SU3150 Mortgago(s) Releases
18.fi0
_
120L Citylcounty tax/slamps Dead Mertgago(s)
1203. State taxrstamps Deed 32MI10 Mortgage(s)
282.60
1204. to
1205. to
1301. Survey to
1302. Pesl Inspection to
1303.2019 RE Taxes to Tax.CpOedor
1.475.66
1304. to
1305. to
1306. to
1307. to
1308. to
1309.
(Enteron Ones 103. Section J and 502 Sedlon K
18;SO
2.140.fi8
`10 DoublaMmo0
HUD-1 SETTLEMENT STATEMENT ADDENDUM
Fpe Number. 10740•54492-1'1
1 have carefully reviewed the HUD-1 Sottlement Statement and to the bast of my knowledge and belief, It Is a true
and accurate statement of all reeoipto and dlebureements made an my account or by me In this transaction. t
further certify► that i have received a copy of the HUD4 Settlement Statement.
Borrower(s)
MW G170 tID.t►D D LL4
a Florida l d liability Company
ay:
7rid.MLM%1mi=ted�pvxtnezahip
r
Seller(s)
HBLPT, LTD.
IL Fl
By; ESTEIN GOLF CORPORATION
a Florida corporation
By:
In Ce Fair
Vice President
(Corporate Sea!)
SettlementAgent
The HUD-1 Settlement Statement which 1 have prepared Is a true and accurate account of this transaction. I have
caused orwl11 cause the funds to be disbursed In accordance with this statement.
Mklin Lvbitz
8]r� Data:
WARNING: It is a crime to knowingly make false statements to the United States an this or any other similar form.
Penalties upon conviction can include a fine and Imprisonment. For details see: Title 18 U.S. Coda Section 1001
and Section 1010.
Doubl®Tana®
Closing Statement Addendum
Seller: WELD GOLF INVESTMENT, LTD., a Florida limited partnership
Buyer. GRUK GHO MEADOWOOD, LLC, a Florida limited liability company
Property: Conifer Drive and Grove Court, FortPierce, FL 34954
Closing Agent: ClIdin Lubiiz
Closing Date: Novembers 2019
File Number: 10740.54492
TAX RE -PRORATION AGREEMENT: If the most recent property tax bill issued does not cover through the closing date,
then the tax proration set forth on the settlement statement are based upon an estimate. Ilia basis of proration as set forth
on the settlement statement is hereby accepted by the parties to this transaction. It is'hereby understood and agreed that the
actual taxes, if different, will be adjusted between the parties upon demand., Closing Agent is not liable or responsible for
adjustment or re -proration of taxes: Closing'Agent is not responsible or liable for additional taxes, other charges or tax
refunds, If any, and shall not be liable should any of the patties to this transaction fail or refuse to re -prorate the taxes.
AGREEMENT TO COOPERATE: If requested by Lender (if any), Closing Agent, Title Agent. or Title Underwriter, the
parties agree to fully cooperate and adjust for clerical errors, including the execution or re -execution of any reasonable
documentation and/or the remittance of any additional sums.
HOMEOWNER'S ASSOCIATIONS: The Buyer(s) acknowledges) the existence of any homeownces association(s) and is
aware that monthly, quarterly or annual maintenance assessments maybe due to said association(s). Said ass,ociation(s) may
also have the .authority to regulate and enforce community covenants and restrictions. The Buyer hereby acknowledges
receipt of a copy of any association estoppel letters for the subject transaction..
MISCELLANEOUS: Closing Agent does not make any representations or warranties nor assumes any liability with respect
to the:physical condition of the property, or any repairs to the praperty. If a survey was prepared for the subject transaction,
then the Buyer hereby acknowledges receipt of a copy thereof. The buyer has reviewed said survey and accepts title subject
to the matters set forth thereon. Buyer has received and reviewed the proposed deed and is satisfied with and approves the
manner which title is being held.
DISBURSEMENT AUTHORIZATION, ETC. The settlement statement has been reviewed and approved and Closing
Agent is irrevocably authorized and directed. to complete the closing of the transaction and make disbursement in accordance
therewith. In the event of mortgage assumption, if Seller has received a credit for the escrow account balance, then Seller
hereby assigns all right, title and interest in said account to Buyer.. Seller, Buyer, and Borrower are used for singular or
plural, as the context so requires or admits. This Agreement is being provided as an inducement for Closing Agent to serve
as the closing agent and for Title Agent and Title Underwriter to issue title insurance on the subject transaction.
Buyer:
GRBK GHO ADOWOOD, LLC, a Florida limited
liability comp n
By:
Will' r, Manager
Seller;
WELD GOLF INVESTMENT, LTD., a Florida limited
partnership
By: ESTEIN GOLF CORPORATION, a Florida corporation
By:
Lance Fair, Vice President