SPECIAL WARRANTY DEED - AMERICAN PIONEER TITLE INSURANCE
.,
SPECIAL WARRANTY DEED
COMMUNITY REDEVELOPMENT AGENCY, also know as THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER a body politic and
corporate of the State of Florida created pursuant to Part III, Ch. 163 Fla. Stat., whose
address is 112 S. Osceola Avenue, Clearwater Florida 33756 hereinafter called the
GRANTOR, for and in consideration of Ten and 00/100 Dollars ($10.00), and other
valuable consideration the receipt of which is hereby acknowledged, does bargain, sell,
convey and grant unto THE BALK COMPANY, INC., a Florida corporation whose
address is 290 Cocoanut Avenue Sarasota, Florida 34236, hereinafter called THE
GRANTEE, its successors and assigns forever, the real property situated, lying and
being in Pinellas County, Florida, more particularly described in EXHIBT "A" attached
hereto.
TAX PARCEL 1.0. #
TO HAVE AND TO HOLD unto the said GRANTEE, its successors and assigns
forever, and said GRANTOR warrants and shall defend the title against the lawful
claims of all persons claiming by, through or under it, but against none other.
TOGETHER with all and singular the tenements hereditaments and
appurtenances thereto belonging or in anywise appertaining.
IN WITNESS WHEREOF, GRANTOR has caused these presents to be executed
in its name by its Chairman this day of , 2002.
[SIGNATURE PAGE FOLLOWS]
PREPARED BY AND RETURN TO:
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER
112 S. Osceola Avenue
Clearwater, Florida 33756
ATTEST:
COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER
~!J~
Exe ti Director
By: c~)~
~~atures):
Printed a~: If/;;J-
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Printed Na e: ~~ ~ e.C
STATE OF FLORIDA
COUNTY OF PINELLAS
'fJ- The foregoing ~ ECIAL WARRANTY DEED was acknowledged before me this
cQ' day of , 2002, by BRIAN J. AUNGST as Chairman, and RALPH
STONE, as the E ecutive Director of the COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF CLEARWATER, a body politic and corporate, on behalf of said entity.
Such persons are personally known to me or presented as
identification.
My Commission Expires:
My Commission Number:
;~OTA<;Y PUBLIC - S'(A,E OF FLORIDA
(;AROL YN L BRINK
COMMISSION II CC834678
EXPIRES 512212003
BONDED THRU ASA 1-888-NOTARY1
File ~umber: 02040008c
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FULL LEGAL
Exhibit "A"
Begin at the Southeast corner of Lot 14, Block 1, MAGNOLIA PARK, as recorded in Plat Book
1, Page 70, of the Public Records of Hillsborough County, Florida, of which Pinellas County
was once a part, as refiled in Plat Book 3, Page 43, Public Records of Pinellas County, Florida;
thence N 00017'56" West along the East line of said Lot 14 and Lot 3, Block 1, of said
MAGNOLIA PARK, 235.00 feet to a point on the apparent South Right-of-Way line of Cleveland
street as described by the survey map prepared for the City of Clearwater by Florida Design
Consultants, Job number 212-07, dated 04/03/01; thence N 89057'12" East, along said
apparent South Right-of-Way line of Cleveland Street, 270.00 feet to an intersection of the East
line of Lot 8, Block 1, of said MAGNOLIA PARK and the West Right-of-Way line of Prospect
Avenue; thence S 00017'56" East along said West Right-of-Way line of Prospect Avenue, 97.87
feet; thence leaving said West Right-of-Way line East, 14.49 feet; thence South, 30.00 feet;
thence West, 14.33 feet to a Point on said West Right-of-Way line of Prospect Avenue; thence
S 00017'56" East, along said West Right-of-Way line of Prospect Avenue, 107.14 feet to the
Southeast corner of Lot 9, Block 1, of said MAGNOLIA PARK; thence S 89057'12" West, along
the North Right-of-Way of Park Street, 54.00 feet to the Southeast corner of Lot 10, Block 1, of
said MAGNOLIA PARK; thence N 00017'56" West, along the East line of said Lot 10,132.50
feet to the Northeast corner of said Lot 10; thence S 89057'12" West, 202.00 feet; thence S
00017'56" East, 132.50 feet to the North Right-of-Way line of Park Street; thence S 89057'12"
West along said North Right-of-Way line of said Park Street, 14.00 feet to the POINT OF
BEGINNING.
--:..
~
NORTH
CLEVELAND STREET
S.R. 60
LOT 2
LOT 3
LOT 13
LOT 10
LOT 15
P.'!J.8. PARCEL IA :
I... SE COIfIKJf DF wr ...
rggc,.~-
LOT 14
LOT 12
LOT \I
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SII8'5TI2.W
54,00'
P ARK STREET
PARCEL lA
Note: This Is not a survey.
Scale: " = 50'
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LO'
REV 11/29/01
CM.' 2/93
COMMITMENT
FOR
TITLE INSURANCE
02040008c
COMMITMENT NO.
ICM-1-170a-1651
ISSUED BY
AMERICAN PIONEER
TITLE INSURANCE COMPANY
AMERICAN PIONEER TITLE INSURANCE COMPANY, a Florida corporation, herein called the Company,
for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified
in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the
estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of
the premiums and charges therefor; all subject to the provisions of Schedules A and B and to the Conditions
and Stipulations hereof.
The Commitment shall be effective only when the identity of the proposed Insured and the amount
of the policy or policies committed for have been inserted in Schedule A hereof by the Company, either
at the time of the issuance of this Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all
liability and obligations hereunder shall cease and terminate six (6) months after the effective date hereof
or when the policy or policies committed for shall issue, whichever fIrst occurs, provided that the failure
to issue such policy or policies is not the fault of the Company.
This Commitment shall not be valid or binding until Schedule A has been countersigned by either
a duly authorized agent or representative of the Company and Schedule B has been attached hereto.
IN WITNESS WHEREOF, AMERICAN PIONEER TITLE INSURANCE COMPANY has caused its
corporate name and seal to be hereunto affixed and by these presents to be signed in facsimile under authority
of its by-laws, effective as of the date 0 Commitment shown in Schedule A.
AMERICAN PIONEER TITLE INSURANCE COMPANY
Somers Title Company
1290 Court Street
Clearwater, FL 33756
By. ~~~~
-~/'~
Secretary
Phone: (727) 441-1088
Fax: (727) 449-1359
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ALTA COMMITMENT. 1966, THIS FORM IS EQUIVALENT TO CLTA CM.l COMMITMENT FORM (9.19.74)
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'COMMITMENT
State: FL County: PINELLAS
File Number:
02040008c
Commitment Number:
CM-1-1708-165
Reinsurance Number:
Schedule A
1.
Policy or Policies to be issued:
AL TA LOAN (10-17-92)
Proposed Insured Loan:
Amount
nla
2nd Proposed Insured Loan:
Amount
AL TA OWNER'S (10-17-92)
Proposed Insured Owners:
Amount
THE BALK COMPANY, INC., A FLORIDA
CORPORATION
$287,543.00
2. The estate or interest in the land described or referred to in the Commitment and covered herein
is:
Fee Simple
and is at the effective date hereof vested in:
COMMUNITY REDEVOLPMENT AGENCY OF THE CITY OF CLEARWATER,
FLORIDA,
3. The land is described as follows:
Begin at the Southeast corner of Lot 14, Block 1, MAGNOLIA PARK, as recorded in Plat
Book 1, Page 70, of the Public Records of Hillsborough County, Florida, of which Pinellas
County was once a part, as refiled in Plat Book 3, Page 43, Public Records of Pinellas
County, Florida; thence N 00017'56" West along the East line of said Lot 14 and Lot 3, Block
1, of said MAGNOLIA PARK, 235.00 feet to a point on the apparent South Right-of-Way line
of Cleveland street as described by the survey map prepared for the City of Clearwater by
Florida Design Consultants, Job number 212-07, dated 04/03/01; thence N 89057'12" East,
along said apparent South Right-of-Way line of Cleveland Street, 270.00 feet to an
intersection of the East line of Lot 8, Block 1, of said MAGNOLIA PARK and the West
Right-of-Way line of Prospect Avenue; thence S 00017'56" East along said West
C~~IO~
Issued By: 1708*
SOMERS TITLE COMPANY
1290 COURT STREET
CLEARWATER, FL 33756
NOTE: This Commitment consists of insert pages labeled in Schedule A, Schedule B-Section 1, and Schedule B-Section 2. This commitment
is of no force and effect unless all schedules are included, along with any Rider pages incorporated by reference in the insert pages.
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.~COMMITMENT
Right-of-Way line of Prospect Avenue, 97.87 feet; thence leaving said West Right-of-Way
line East, 14.49 feet; thence South, 30.00 feet; thence West, 14.33 feet to a Point on said
West Right-of-Way line of Prospect Avenue; thence S 00017'56" East, along said West
Right-of-Way line of Prospect Avenue, 107.14 feet to the Southeast corner of Lot 9, Block 1,
of said MAGNOLIA PARK; thence S 89057'12" West, along the North Right-of-Way of Park
Street, 54.00 feet to the Southeast corner of Lot 10, Block 1, of said MAGNOLIA PARK;
thence N 00017'56" West, along the East line of said Lot 10, 132.50 feet to the Northeast
corner of said Lot 10; thence S 89057'12" West, 202.00 feet; thence S 00017'56" East,
132.50 feet to the North Right-of-Way line of Park Street; thence S 89057'12" West along
said North Right-of-Way line of said Park Street, 14.00 feet to the POINT OF BEGINNING.
NOTE: This Commitment consists of insert pages labeled in Schedule A, Schedule B-Section 1, and Schedule B-Section 2. This commitment
is of no force and effect unless all schedules are included, along with any Rider pages incorporated by reference in the insert pages.
Commitment #: CM-1-1708-165
2
File #: 02040008c
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'COMMITMENT
Schedule B - Section 1
The following are the requirements to be complied with:
1. Instrument(s) creating the estate or interest to be insured must be approved, executed and filed for
record to wit:
a. Warranty Deed to be executed by the COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF CLEARWATER, FLORIDA, conveying subject property to THE BALK COMPANY,
INC. ,a Florida Corporation.
2. Payment of the full consideration to, or for the account of, the grantors or mortgagors.
3. Payment of all taxes, charges, assessments, levied and assessed against subject premises, which
are due and payable.
4. Satisfactory evidence should be had that improvements and/or repairs or alterations thereto are
completed; that contractor, subcontractors, labor and materialmen are all paid.
5. Exceptions 3 and 4 of Schedule B - Section 2 of this commitment may be amended in or deleted
from the policy to be issued if a survey, satisfactory to the Company, is furnished to Company.
NOTE: This Commitment consists of insert pages labeled in Schedule A, Schedule B-Section 1, and Schedule B-Section 2. This commitment
is of no force and effect unless all schedules are included, along with any Rider pages incorporated by reference in the insert pages.
Commitment #: CM-1-1708-165
3
File #: 02040008c
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COMMITMENT
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Schedule B - Section 2
Exceptions
Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless
the same are disposed of to the satisfaction of the Company.
1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first
appearing in the public records or attaching subsequent to the effective date hereof but
prior to the date the proposed insured acquires for value of record the estate or interest or
mortgage thereon covered by this Commitment.
2. Rights or claims of parties in possession not shown by the Public Records.
3. Encroachments, overlaps, boundary lines disputes, and other matters which would be
disclosed by an accurate survey and inspection of the premises.
4. Easements or claims of easements not shown by the Public Records.
5. Taxes or special assessments which are not shown as existing liens by the public records.
6. Taxes and assessments for the year 2002 and subsequent years, which are not yet due and
payable. Parcel No. 15-29-15-54450-001-0040
7. Subject to MEMORANDUM OF DEVELOPMENT AGREEMENT by and between
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER,
FLORIDA, and THE BALK COMPANY, a Florida Corporation, dated 3/4/2002,
recorded 4/5/2002 in O.R. Book 11932, Page 1259, Public Records of Pinellas
County, Florida.
9. Subject to Terms of Agreement of vacation of premises adjacent to Lot 9, Block 1,
MAGNOLIA PARK, as shown in Instrument recorded in O.R. Book 11793, Page 772,
Public Records of Pinellas County, Florida.
NOTE: This Commitment consists of insert pages labeled in Schedule A, Schedule B-Section 1, and Schedule B-Section 2. This commitment
is of no force and effect unless all schedules are included, along with any Rider pages incorporated by reference in the insert pages,
Commitment #: CM-1-1708-165
4
File #: 02040008c
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SOMERS TITLE COMPANY
ESCROW ACCOUNT
819 COURT STREET
CLEARWATER, FLORIDA 33756
(727) 441-1088
REGIONS BANK
LONG WOOD. FL
00003864
003864
NO.
DATE
GFNO.
OS/24/02
File: 02040008c
PAY
Two hundred eighty five thousand seven hundred ten and 50/100 Dollars
~OMMUNITY REDEVOLPMENT
ORIDA,
$ $**285,710.50
TO THE
ORDER
OF
I\rP
TWOS'Gc;dES~'
I\rP
Payee: COMMUNITY REDEVOLPMENT
CLEARWATER,
Check Date: OS/24/02
Hud Description
603 Cash [X]To []From Seller
Property Address: CLEVELAND STREET CLEARWATER
Seller: COMMUNITY REDEVOLPMENT AGENCY OF THE
COMPA
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,; PO BOX 4748;
Amount: $**285,710.50
Check No.: 003864
Order Number: 02040008c
To tal
285, 710.50
FL
CITY OF CLEARWATER, FLORIDA,
Buyer: THE BALK
No.003864
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(Printed on May 23, 2002@ 11:08)
A.
US Department of Howing and Urban Development
SETTLEMENT STATEMENT
OMB No, 2502.0265
R, Tv".. nf' .n<on
I. [] FHA 2. [ ] FmHA 3, [X] Cony. Unins. I 6. File Number: I I
4. r 1 V A 5. / 1 Cony. Ins. 02040008c 7. Loan Number: 8. Mortl!al!e Ins, Case #:
c. NOTE: This form, is fumis~ed to give you a statement of actual settlement costs. AmounLs paid to and by the settlement agent are shown. Items marked 'POC' were paid outside the closing: they are shown here for information
D. NAME AND ADDRESS OF BORROWER:
THE BALK COMPANY, INC" A FLORIDA CORPORATION 290 COCOANUT A VENUE # 1 SARASOTA, FL 34236
E. NAME AND ADDRESS OF SELLER:
COMMUNITY REDEVOLPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, PO BOX 4748 CLEARWATER, FL 33758
F. NAME AND ADDRESS OF LENDER:
G. PROPERTY LOCATION:
CLEVELAND STREET CLEAR WATER, FL
H. SETTLEMENT AGENT: PLACE OF SETTLEMENT:
SOMERS TITLE COMPANY 727-441-1088 Contact: 1290 COURT STREET CLEARWATER, FL 33756
I. SETTLEMENT DATE: DISBURSEMENT DATE:
OS/24/02 OS/24/02
J. SUMMARY OF BORROWER S TRANSACTION
100 GROSS AMOUNT DUE FROM BORROWER:
K. SUMMARY OF SELLER S TRANSACTION
400. GROSS AMOUNT DUE TO SELLER :
10 I. Contract sales price 287,543.00 401. Contract sales price 287 543.00
102. Personal Prooerty 402, Personal Prooerty
103. Settlement charges to borrower (line 1400) 403.
104. 404.
105. 405.
Adiustments for items naid by Seller in advance Adiustments for items paid by Seller in advance
106, City/town taxes 406. City/town taxes
107. County taxes 407. County taxes
108. Assessments 408. Assessments
109, 409.
110, 410.
II I. 411.
112. 412.
120. Gross Amount Due From Borrower 287.543.00 420. Gross Amount Due Seller 287 543.00
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER:
500. REDUCTIONS IN AMOUNT DUE TO SELLER
20 I. Deposit or earnest money 501. Excess deposit (see instructions)
202, Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) 1,832.50
203. Existing loan(s) taken subiect to 503. Existinl! loan(s) taken subiect to
204. 504, Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. 506.
207. 507.
208. 508.
209. 509.
Adjustments for items unpaid by Seller in advance Adjustments for items unpaid by Seller in advance
210. City/town taxes 510. City/town taxes
211, County taxes 511, County taxes
212, Assessments 512, Assessments
213. 513,
214. 514.
215. 515,
216. 516.
217, 517,
218. 518.
219, 519.
220. Total Paid Bv/For Borrower 520. Total Reduction Amount Due Seller 1.832.50
287,543.00
287,543.00
1,832.50
285710.50
287 543.00
SUBSTITUTION FORM 1099 SELLER STATEMENT: The information contained in Blocks E,G,H and I on line 401 (or if 401 is asterisked, line 403 and 404) is
important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction will
be imposed on you if this item is required to be reported and the IRS determines that it has not been reported.
SELLER, you are required by law to provide the settlement agent with your correct taxpayer identification number. If you do not provide the settlement agent
with your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law,
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification number.
!" c,.....
(Printed on May 23. 2002 @ II :08)
L.
US Department of Housing and Urban Development
SETTLEMENT CHARGES
OMS No, 2502,0265
700. Total Sales/Broker's Commission based on price
Paid from
Borrower's
Funds at
Settlement
Paid from
Seller's
Funds at
Settlement
701, Listing Realtor Commission
702, Selling Realtor Commission
703. Commission paid at Settlement
704,
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Oril!ination Fee
802. Loan Discount
803, Aooraisal Fee
804. Credit Report
805. Lender's Insoection Fee
806. Mortgage Insurance Application Fee
807.
808.
809.
810.
900. ITEMS REOUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from
902. Mortgage Insurance Premium for
903. Hazard Insurance Premium for
904,
905.
1000. RESERVES DEPOSITED WITH LENDER
100 I, Hazard insurance
1002. Mortgage insurance
1003, City property taxes
1004, County orooerty taxes
1005. Annual assessments
1006.
1007.
1008. Al!l!rel!ate Accountinl! Adiustment
1I00. TITLE CHARGES
1101, Settlement or closing fee To: STC
1102, Abstract or title search To: STC
1103, Title examination To: STC
1104, Title insurance binder
1105. Document oreoaration
1106. Attorney's Fees
1107, FL Risk Rate $1513.00
(Includes above item numbers: )
1108. Title Insurance To: SOMERS TITLE COMPANY
(Includes above item numbers: )
1109. Lender's coverage @
1110. Owner's coverage287,543.00@ 1,513.00
11\1.
1112.
1113,
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $0.00 Mortgage $0.00 Releases $0.00 To: Clerk of the Court
1202, City/county tax/stamos:
1203. State tax/stamps:
1204.
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
13 0 1. Survey
1302. Pest insoection
1303.
1304,
1305.
100.00
150,00
50.00
1,513.00
19.50
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r 1400. Total Settlement Charges (enter on lines 103 Section J and 502 Section K\ 000 1 11'\" <::/11
I ha~ ~carefU~IIY reviewed the h ~.1 jettlement Statement and to the best of my knowledge and belief. it is a true and accurate stateme. nt of all receipts and disbursements made on my
a~ or by me . . n -,on./1 further certify that I have received a copy of HUD.1 Settlement S~~~ent. . /"'
r W ~S): \) L SELLER7)<) d tA t. ~
Tl UArK C ,., A FLORIDA CORPORATION COMMUNITY REDEVOLPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA,
Th,~,,~ . i?6e ment State~ which I have prepared is a true and accurate account of this transaction. I ha. ve caused or will cause the funds to be disbursed in accordance with this
st~./ 'r/ ,,,a/
ff ~ I" /PX Y/~:' 5/24/02
,.~ RS . AN Date
. . T axes ha~~ l6n prorated based on taxes for the year. Any re-proration will be handled between the buyer and seller. All utility bills (water. sewer, electric, cable and
mai nance fees). ve been paid or will be paid upon receipt of final bills.
W NING: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can include a fine or imprisonment. For
d ails see: Tille 18 U.S. Code Section 1001 and Section 1010.
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