Fort Walton Beach Ordinance — 2042--100 Ready Avenue ‎(portion of)‎--Sale of Property — reading text

corporation Property Address: XX Ready Ave, Ft. Walton Beach, Florida 32528 We, the undersigned Seller and/ or Buyer/Borrower herein acknowledge the following as conditions of the above referenced transaction: 1. All contingencies set forth in the Contract for Sale have been complied with in full; 2. All utility bills, including but not limited to water, sewer, gas, garbage and electric are the responsibility of the undersigned parties, not the closing agents. All matters regarding utility bills will be handled outside of closing; 3. The undersigned parties will hilly cooperate if adjustment for clerical errors on any or all closing documentation is necessary, and will sign such additional documents as are necessary to correct such errors. 4. Calculations of payoff figures, or principal balance and escrow account balances and/ or proration, were based on information, either obtained orally or in writing from your existing lender(s). The closing agent will not be held liable for miscalculations as a result of errors made by the lender( s). If there is/ are discrepancies between the figures used in preparing the closing statements, and future information provided by the lender(s) resulting in a demand by the lender( s) for additional funds, owner will, upon request forward said funds forthwith; 5. Consent is hereby given, pursuant to Rule 4- 186. 008( 3) of the Florida Administrative Code, to the placement of the settlement funds for the transaction into an interest bearing account in the name of Hand Arendall Harrison Sale LLC. The parties understand the interest earned or other benefits earned, if any, on such account will be the property of Hand Arendall Harrison Sale LLC; 6. The undersigned parties understand and agree that any shortage in payments made to any debt holder as a " courtesy" or " accommodation" payoff, that are not secured by the property, ( i. e. credit cards, car loans, student loans, etc.) will be the sole responsibility of the borrower. 7. In addition, the undersigned agree that if either Party is charged, on the closing statement, recording, courier or administrative fees over the amount needed to complete the transaction, the Closing Agent shall retain any overage up to $ 25. 00. If the overages charged on the closing statement add up to an amount of$ 25. 00 or more, the$ 25. 00 plus any excess amount above $ 25. 00 charged for recording, courier or administrative costs, shall be returned to the Party charged Conversely, if the charges on the closing statement for recording, courier or administrative fees prove to be less than required to complete the transaction, the Closing Agent shall fund the difference needed to complete the transaction up to $ 25. 00. If the recording, courier or administrative fees necessary to complete the transaction amount to more than $ 25. 00. The closing Agent may bill the Party charged the $ 25. 00 and any additional amount above the$ 25.00 needed to complete the transaction. Page 1 of 1  We understand that Hand Arendall Harrison Sale LLC, is relying on the statements contained herein to compute the applicable tax pro- ration amounts between Seller and Buyer. The closing agent will not be liable for any discrepancies that may arise in these pro- ration figures when the actual tax bills for the year of closing are available, or for any shortages in escrow accounts. Upon receipt of the current tax statement, the undersigned parties will make ration adjustments between themselves outside of the closing if the total pro-ration difference ds $ 10. 00. 1 A. thcastern Industrial Park, LLC, City of Fort Walton Beach, lI. ida limited liability company a Florida municipal corporation i 1, Wi i• m R. Peacock Page 2 of 1 We understand that Hand Arendall Harrison Sale LLC, is relying on the statements contained herein to compute the applicable tax pro- ration amounts between Seller and Buyer. The closing agent will not be liable for any discrepancies that may arise in these pro- ration figures when the actual tax bills for the year of closing are available, or for any shortages in escrow accounts. Upon receipt of the current tax statement, the undersigned parties will make pro- ration adjustments between themselves outside of the closing if the total pro- ration difference exceeds$ 10. 00. Southeastern Industrial Park, LLC, City of Fort Walton Beach, a Florida limited liability company a Florida municipal corporation William R. Peacock i.,.... 6„....... 4 a ie..- Page 2 of 1  Li HAND ARENDALL I i ri HARRISON SALE Real Estate Department DIRECT 850 769 3434 / FAX 850 769 3833 November 19, 2020 City of Fort Walton Beach Attn: Julio Lacayo — Finance Director 107 Miracle Strip Parkway SW Fort Walton Beach, Florida 32548 RE: File No: 20- 313HD Property Address: XXX Ready Avenue, Fort Walton Beach, Florida 32548 Dear Mr. Lacavo, amount of$ 23, 506. 25 Please find enclosed the seller proceed check # 37511 in the along with a copy of the settlement statement for the above captioned property. Thank you again for allowing us to assist you with this closing. If you have any questions or concerns or need anything further, please do not hesitate to contact this office. in4c erely, r 0Mits' 6144) Sandra Henry Closing Department enclosure as stated HAND ARENDALL HARRISON SALE LLC 304 Magnolia Ave Panama City, Florida 32401 N::,. tiv;` G' 7' 1:.: N 850 769 3434 HAND ARENDALL HARRISON SALE LLC 23, 506. 25 Net Seller Proceeds Walton Beach, FL / Southeaster TW XXX Avenue City of Fort Nov 19, 2020 Ready 23, 506. 25 20- 3131-ID 08- 28- 24- 0000- 0002- 0000 THIS DOCUMENT HAS ACOLOREC FACMGROCNO and U'= RO° VoA EORCERS Cti TRE FRONT DO NOT ACCEPT IF THESE TEATUAES ARE NOT VISIBLE• THE PAPER LOCTA", S AN ARTIFICIALWAIEEMARR ROLD AT AN ANGLE TO VIE49. Post Office Drawer 1579 37511 HAND ARENDALL Panama City, Florida 32402- 1579ancorpsout 63- 1654163` HARRISON SALE LLC 850) 769- 3434 November 19, 2020 TW AMOUNT PAY Twenty Three Thousand Five Hundred Six dollars& Twenty Five cents ** 23, 506. 25 To THE ORDER City of Fort Walton Beach, a Florida municipal corporation OF Ma File No. 20- 313HI) XXX Ready Avenue City of Fort Walton Beach, FL/ Southeastern lndustrialPark--L - 3 ? silo u: 084 20 1 2 781: 20 24800+x' HAND ARENDALL HARRISON SALE LLC File No.: 20- 3131-ID BancorpSouth- Acct Date: 11- 2020 Check Dated: November 19, 2020 Reference: XXX Ready Avenue City ofFort Walton Beach, FL/ Southeastern Industrial Park, LLC 08-2S-24-0000-0002-0000 Payee: City ofFort Walton Beach, a Florida municipal corporation Operator/ Control No: TW Check No.: 37511 Printer: Real Estate Check Printer on srv2012-dc( from TWICHOWSKI-LT) in session 20 on Nov 19,2020 at 10: 18 AM 23, 506. 25 603 Net Seller Proceeds 23, 506. 25