Fort Walton Beach Ordinance — 2041--Behind 30 Ready Ave ‎(Sale of Property)‎ — reading text

31 idillIri:$ N R i it 8I I'  A. U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B. TYPE OF LOAN SETTLEMENT STATEMENT Hand Arendall Harrison Sale LLC I. FHA 2. II MOM 3 b.,CONV UNNS 304 Magnolia Avenue 4 VA s coNv INS Panama City, Florida 32401 6 Filo Number: 7 Loan Number 850- 769- 3434 fax: 850- 873- 3833 20-23411Q 171 Martine los Coto No: C NOTE: tab Jona Lsfurnished in give you a statement ofactual settlement costs Amounts paid to and by the settlement agent are shown. Items marked Pa)_w&a.paid outside the dating_Then are shown herejnr injormnlionalpurpose.' and aro not Included kr(Aerotgl& Richter Gen Enterprises LLC D. Buyer: 921 HWY 98 E Mary Esther, Florida 32569 The City of Fort Walton Beach, a Florida Municipal Corportion E. Seller: 107 Miracle Strip Pkwy, SW Fort Walton Beach, Florida 32548 F. Lender: 10 Ready Ave G. ProFort Walton Beach, Okaloosa County, Florida 32548 Okaloosa County, Florida Legal Description TBD by survey- This purchase is approximatley 1. 8 acres( 150ft x 526 ft+ 1-) of the original Parcel Ready Ave.( Parcel 4- A).___ H. Settlement Agent: Hand Arendall Harrison Sale LLC Place of Settlement: 304 Magnolia,Avenue, Panama City, Florida 32401 Ray County I. Settlement Date: February 15, 2021 1. Summary of Buyer' s Transaction K. Summary of Seller' s Transaction 14A, Gloss Amount Due F.. L11 1Buyer: 400, Gross Amount Due To Seller: 101, Contract Sales Price 31, 000. 00. 401. Contract Sales Pncc 31. 000.00_ 102. Personal Property 402. Personal_Property 103. Settlement Charges_to Buyer( line 1400) 3, 125. 00, 403. Adjustments for Items Paid by Seller ingdvance; Adjue.tments. forllimns Paid by Seller in Advance: _ 106._ City/ Town Taxes City/ Town Taxes 107. County/ Parish Taxes 1. 407., Cott my; Parish Taxes. 108. Assessments 408. Assessments 120. Gross Amount Due from Buyer: 34, 125.00. 420. Gross Amount Du_ e! e_Seler: lIJMM 200. Amounts Paid 4y or in Behalf of Buyer: 500. Reductions in Amount Due to Seller:! 201. Nposit/ Earnest Money 2, 000. 00 501. Excess Deposit.( see instructions) 202. Principal Amount of slew Loan __. 502. L__ Settlement Charges to Seller( ins. 1400Z_ 1. 828.25, 203. Existing Loan( s) 503. Existing Loans) 204. 544. Paypff of First Mortgage 205_ 191 Payoff of Second Mortgage Pute_ Moncy Mortgage _ AdjustmentsfouRems Unpaid by Seller: ..__ - Adjustments for Items Unpaid bylefierk. 210._ qty/ Town Taxes Q. City/ Town Taxes 211, County/ Parish Taxes 511. County/ Parish Taxes 212.. Assessments 512: Assegsnoit3sl. 220. Total Paid by/ for Buyer: 2, 000.00, 520. Total.Redjucti20.t_!n Amount Due Seller:, 1, 8 300. Cash at Settlement from/ to Buyer: 600. Ca311 at_Setllement_to/ from Sellsl 301. Gross Amount due from Buyer( line 1211) 34, 125. 00 601. Gross_Arrt9tini due to. Sgikr( lipe 0) 31, 000.00 Less Reductions Amount due Seller( line 1, 828. 25 302. Less Amount Paid by/ for Buyer( line 220) 2, 000. 00 602. 520) 303. Cash From Buyer: 32, 125. 00 603. Cash To Seller: S29, 171. 75 y•-•1D HUD- 1 May2007 February 11, 2021 3: 06 PM  Settlement Date: February 15, 2021 Fie Number: 20- 234HD L. Settlement Charges 700. Total Sales/ Broker' s Commission: Paid from Paid from Based on Price $ 31, 000. 00 @ 5. 00% _ $ 1, 550.00 Buyer' s Seller' s Division of Commission as followsFunds at Funds at 701. 1, 550. 00 to Realty House Commercial Properties, Inc_ Settlement Settlement 702. 703. Commission Paid at Settlement I 1, 550. 00 800. Items Payabk in Connection with Loan: 801-_ Loan Origination Fee-, 8Q2. Loan Discount ------ 803. Appraisal Fee--- Q4, . Cte_ dit_Report 805._ Lender's inspection, Fee 06- Mortgage Insurance Application Fee 807. Assumption Fee 900. Items_Required by Lender to be Paidin Advance: 901. Deily interest charge from Feb 15, 2021 902. Mortgage Insurance Premium 903. Hazard Insurance Premium 904. Flood Insurance Premium 10W. Reserves Deposited with Lender: t- 1001, Hazard Insurance 1002. Mortgage Insurance 1003. City Property Taxes 1004_ County Property Taxes 1005. Annual Assessments MCC Mk Charges; 1101. Settlement or Cio g Fac io H d Arpndall larrit$glc_U C 1102, Abstract or Title Search to FirstM icll Tltle Insurance Compan7 -_-- 1103. Title Examination 1104. Title Insurance Binder 1105. Document Preparation to Hand Arcade!!} arrive nSale LLC 100. 00 1106 Notary Fees 1107 Attorney Fees includes above item numbers: Title Insurance to Hand Arcndall Harrison Sale LLC 1108 178.25 includes above item numbers: 1109. Lender' s Coverage 0. 00 10. Owner' s Coverage 31, 000. 00 1200. Government Recording and Transfer Charges: 1201. Recording Fees' Deed 18. 50 Mortgage 0.00 Releases 0. 00 1202. City/ County Tax/Stamps: Deed 0. 00 Mortgage 0. 00. _ 1203. State Tax/ Stamps: Deed 217. 00 Mortgage 0. 00 2NA0 1204. Intangible Tax to Hand Arcndall Harrison Sale( Recording) 1205. Simpliiile Feso tHand Arcndall Harrison Sale U.0 1300. Additloa. l Settlement Charges: 1301. Survey to Coastal Land Surveying, Inc. L}03 t Inspection 1400. Total Settlement Charges( Enter on line 103, Section. 1 and line 502, Section K) 3, 125. 00 $ 1, 828. 25 I have carefully reviewed tlx: HUD- 1 Settlement Statement and to the best of my knowledge and belief. it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that 1 have received a copy of HUD- I Settlement Statement Buyer. Seller. Ric ter Gen nterprises L1. 0 The City of Fort Walton Beach, a Florida Municipal Corportion I have reviewed the CI si' Disclosure he settlement statement, the lender' s closing instructions and any and all other forms relative to the escrow funds, including any disclosure of t FI title insu t prem„...„ StkìTgpatdoe nee to disburse the escrow funds