CLEARWATER NEIGHBORHOOD HOUSING SERVICES INCORPORATED (2)
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TIllS SPECIAL WARRANTY DEED
Made this Il~ day of ~~\. , A.D. 1995 by the
CITY OF CLEARWATER, FLORIDA,
a Municipal corporation of the state of Florida
hereinafter called the Grantor, to
Clearwater Neighborhood Housing services, Inc.,
a Florida Corporation Not-For-Profit
whose Post Office address is: 608 North Garden Avenue, Clearwater,
Florida 34615, hereinafter called the Grantee:
(Whenever used herein the \erm "grantor" ane "grantee" include all the parties to this instrument and the heirs, legal r<presenlJltives and assigns of individuals,
and the successors and assigns of c;:lrporations)
Witnesseth, that the grantor, for and in consideration of $10.00
and other valuable considerations, receipt whereof is hereby
acknowledged, hereby grants, bargains, sells, aliens, remises,
releases, conveys and confirms unto the grantee, all that certain
parcel of real property situate in Pinellas County, Florida, viz:
Lot 6, DREW PARK SUBDIVISION, according to the map
or plat thereof as recorded in Plat Book 3, Page
40, Public Records of pinellas County, Florida
Together with all the tenements, hereditaments and appurtenances
thereto belonging or in anywise appertaining.
IN COMPLIANCE WITH SEC. 2.665, CODE OF ORDINANCES OF THE CITY OF
CLEARWATER, FLORIDA, THE PARTIES EXPRESSLY COVENANT AND AGREE AS
FOLLOWS:
A. Neither Grantee nor any successor grantee in title or
interest shall use the property described herein for any purpose or
purposes for which ad valorem property tax exemption would be
available.
B. Application by the Grantee, or any successor grantee in
title or interest, to the property appraiser of pinellas County,
Florida, for ad valorem tax exemption shall cause title to the
properi.:y described herein to revert to the City of Clearwater
automatically as of the date the application is filed and
regardless of whether the application is ultimately granted or
denied.
C. This restriction and reverter shall run with the land and
reverter hereunder shall be to_the c~ty absolute~y an~ not to any
intervening owner of the property.,
D. All subsequent deeds or other instrument of conveyance
shall contain this restriction. This restriction and reverter
shall run with the land in perpetuity.
To Have and to Hold, the same in fee simple forever.
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Subject to nondelinquent ad valorem taxes and current installments
of special assessments not yet due and payable, to highways,
rights-of-way, mineral reservations, licenses, easements and
restrictions of record generally, zoning ordinances and other
governmental limitations, or others which might be disclosed by an
accurate inspection and architectural survey.
And the said Grantor does specifically warrant the title to said
land and will defend the same against the lawful claim of all
persons claiming by, through or under Grantor except taxes for the
year 1995 and subsequent, and subject to the matters hereinabove
mentioned.
In Witness Whereof, the grantor has caused these presents to be
executed in its name, and its corporate seal to be hereunto
affixed, by its proper officers thereunto duly authorized, the day
and year first above written.
~ign d
Rita Garve
Mayor-Commissioner
CITY OF CLEARWATER, FLORIDA
By: Eliza~ ~.~ula-
ci ty Manager. \
Attest:, :
~_ 0 Ad ~,
'., C-_ /~.N~; . ,
Cy hiaE., G~udeau, ~.Ft:Y Clerk
STATE OF FLORIDA
COUNTY OF PINELLAS
\ \
BEFORE ME, the undersigned, personally appeared Rita Garvey,
the Mayor-Commissioner of the City of Clearwater, Florida, who
executed the foregoing instrument and acknowledged the execution
thereof to be her free act and deed for the use and purposes herein
set forth, and who is personally known to me.
~ ~
WITNESS my hand and official seal this 16 day of
1995.
Notary Public O~y~f\~
Pr int j type name: Notary Public" State of Florida
.MY COIllIlI. <:,,1-',....~ I.IIi) 22, llHHi
Comm. No. CC 111741
STATE OF FLORIDA
COUNTY OF PINELLAS
BEFORE ME, the undersigned, personally appeared Elizabeth M.
Deptula, the City Manager of the City ot Clearwater, Florida, who
executed the ~oregoing instrument and acknowledged the execution
thereof to be her free act and deed for the use and purposes herein
set forth, and who is personally known to me.
'1--L.
WITNESS my hand and official seal this IJ day of
1995.
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Notary Public LYN L. BRINK
Pr intjtype name: Notary Public,. State of Florida
Mj' eernm. exploc." May ZZ, 199;,
Comm,. No. CC 111741
Approved as to form and legal sufficiency:
ssistant City Attorney
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CONTRACT FOR SALE OF REAL PROPERTY
BY
THE CITY OF CLEARWATER, FLORIDA
PARTIES: The CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida
(herein "Seller" or "City"), P. O. Box 4748, Clearwater, Florida 34618-4748, and CLEARWATER
NEIGHBORHOOD HOUSING SERVICES, INC., a' Florida Corporation Not-For-Profit (herein "Buyer"),
of 608 North Garden Avenue, Clearwater, Florida 34615, Phone: (813)442-4155, hereby agree
that the Seller shall sell and Buyer shall buy the following real property ("Real Property")
and personal property ("Personalty") (collectively "Property") upon the following terms and
conditions.
THE "EFFECTIVE DATE" OF THIS CONTRACT IS THE DATE OF EXECUTION BY DULY
AUTHORIZED CITY OFFICIALS. TIME IS OF THE ESSENCE IN THIS CONTRACT.
Time periods of 5 days or less shall be computed without including Saturday,
Sunday, or national legal holidays and any time period ending on a Saturday,
Sunday or national legal holiday shall be extended until 5:00 P.M. of the
next business day.
1. PROPERTY DESCRIPTION
LEGAL DESCRIPTION: Lot 6, DREW PARK SUBDIVISION, according to the map or plat thereof as
recorded in Plat Book 3, Page 40, Public Records of Pinellas County,
Florida.
STREET ADDRESS (City/Zip/State): 410 Vine Avenue, Clearw~~~r, Florida 34615
PERSONALTY: None
2. FULL PURCHASE PRICE ................ f;afl1 g }uJiJ ~ ..... $
3. MANNER OP PAYMENT f)~ : ~ $
~ ~ aUJ:>r $
(J 1/ r1-ot70~ . .
4. TIME FOR ACCEPTANCE 0-'29-/5"2
Following execution of this contract I uyer, the price, terms and conditions as
contained herein shall remain unchanged and be held unconditionally open for a period of 45
days following delivery in duplicate original to Earl Barrett, Real Estate Services Manager,
City of Clearwater for acceptance and approval, counter-offer, or rejection by action of the
Clearwater City Commission ("Commission"). If this agreement is accepted and approved by the
Commission, it will be executed by duly authorized City officials and delivered to Buyer
within 10 days thereafter. If a counter-offer is approved by the Commission, it shall be
delivered to Seller in writing within 10 days of such action by the Commission, and Seller
shall have 10 days thereafter to deliver to Buyer written notice of acceptance or rejection
of such counter-offer. If written notice of acceptance is ,not timely delivered, or if the
counter-offer is rejected by Seller, this contract shall thereafter be null and void in all
respects. If this contract is rejected by the Commission upon initial presentation to the
Commission, this contract shall be null and void in all respects and Buyer shall be so
informed in writing within 5 days of such action.
6,800.00
Total Deposit(s) to be held in escro~
Balance to be paid at closing in U.S.
cashier's check, subject to adjustmen
-0-
6,800.00
5. TITLE
Seller shall convey marketable title to the Property by Special Warranty Deed, subject
only to matters contained in Paragraph 7 and those otherwise accepted by Buyer. Otherwise
title' shall be free of liens, easements and encumbrances of record or known to Seller, but
subject to property taxes for the year of closing, if any; covenants, restrictions and public
utility easements of record; and (other matters which title will be subject)...NONE; provided
there exists at closing no violation of the foregoing and none of them prevents Buyer's
intended use of the Property as a sinqle family residential buildinq lot.
6. TITLE EVIDENCE
Seller shall, at Seller expense and within 15 days prior to closing date deliver to Buyer
a title insurance commitment issued by a Florida licensed title insurer agreeing to liens,
encumbrances, exceptions or qualifications set forth in this Contract, and those which shall
be discharged by Seller at or before closing. Seller shall convey a marketable title subject
only to liens, encumbrances, exceptions or qualifications set forth in this Contract.
Marketable title shall be determined according to applicable Title Standards adopted by The
Florida Bar and in accordance with law. Buyer shall have 5 days from receiving evidence of
title to examine it. If title is found defective, Buyer shall, within 3 days thereafter,
notify Seller in writing specifying defect(s). If the defect(s) render title unmarketable,
Seller will have 120 days from receipt of notice within which to remove the defect(s),
failing which Buyer shall have the option of either accepting the title as it then is or
withdrawing from this Contract. Seller will, if title is found unmarketable, make diligent
effort to correct defect (s) in title within the time provided therefor, including the
bringing of necessary suits.
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7. CERTAIN MINERAL RIGHTS RESERVED
The reservation of mineral rights (including petroleum) provided for by Section 270.11,
Florida Statutes, is released by the Seller as to this Property. The parties agree this
release is justified because the size of the Property is less than 20 contiguous acres, there
is little likelihood of the presence of any of the minerals or petroleum contemplated by
Section 270.11, Florida Statutes, on or under the property and the present developed state
of the property combined with future development plans make the reservation and/or exercise
of the rights impractical.
8. USE RESTRICTION: RIGHT OF REVERTER
The parties hereto acknowledge that the deed of conveyance from Seller shall contain the
following language and provisions:
IN COMPLIANCE WITH SEC. 2.665, CODE OF ORDINANCES OF THE CITY OF
CLEARWATER, FLORIDA, THE PARTIES EXPRESSLY COVENANT AND AGREE AS FOLLOWS:
a. Neither Grantee nor any successor grantee in title or interest
shall use the property described herein for any purpose or purposes for
which ad valorem property tax exemption would be available.
b. Application by the Grantee, or any successor grantee in title or
interest, to the property appraiser of Pinellas County, Florida, for ad
valorem tax exemption shall cause title to the Property described herein
to revert to the City of Clearwater automatically as of the date the
application is filed and regardless of whether the application is
ultimately granted or denied.
c. This restriction and reverter shall run with the land and reverter
hereunder shall be to the City absolutely and not to any intervening owner
of the property.
d. All subsequent deeds or other instrument of conveyance shall
contain this restriction. This restriction and reverter shall run with the
land in perpetuity.
9. SURVEY
Buyer, at Buyer's expense, within time allowed to deliver evidence of title and to
examine same, may have Real Property surveyed and certified to the Buyer, Seller and closing
agent by a registered Florida land surveyor. If survey shows any encroachment on Real
Property, or that improvements located on Real Property encroach on setback lines, easements,
lands of others, or violate any restrictions, contract covenants or applicable governmental
regulation, the same shall constitute a title defect.
10. CLOSING PLACE AND DATE
Seller shall designate closing agent and this transaction shall be closed in the offices
of the designated closing agent in Pinellas County, Florida, on or before 60 days followinq
the effective date, unless extended by other provisions of this contract. If either party
is unable to comply with any provision of this contract within the time allowed, and be
prepared to close as set forth above" after making all reasonable and diligent efforts to
comply, then upon giving written notice to the other party, time of closing may be extended
up to 30 days without effect upon any other term, covenant or condition contained in this
contract.
11. CLOSING DOCUMENTS
Seller shall furnish deed, bill of sale, mechanic's lien affidavit, assignments of leases,
tenant and mortgage estoppel letters, and corrective instruments as applicable to this
transaction. Buyer shall furnish closing statement.
12. CLOSING EXPENSES
Documentary stamps on the deed, unless this transaction is exempt under Chapter 201.24,
Florida Statutes, shall be paid by the Buyer. Seller shall pay the costs of recording any
corrective instruments. Recordation of the deed shall be paid by Buyer.
13. PRORATIONS: CREDITS
If there should exist any taxes, assessments, rent and other revenue specific to the
Property, all of such expenses and revenue shall be prorated through the day before closing.
If the amount of taxes and assessments for the current year cannot be ascertained, rates for
the previous year shall be used with due allowance being made for improvements and
exemptions. Any deposits held by Seller in trust for third parties in occupancy of the
Property shall be credited to Buyer at time of closing. Assessments for any improvements
that are substantially complete at time of closing shall be paid in full by Seller.
14. PROPERTY CONDITION
Seller shall deliver the Property to Buyer at time of closing in its present "as is"
condition, ordinary wear and tear excepted, and shall maintain the landscaping and
grounds in a comparable condition. Seller makes no warranties other than as disclosed
herein. Buy~r's covenant to purchase the Property "as is" is more specifically represented
in either subparagraph a. or b. as marked [Xl.
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a. ( 1 As Is: Buyer has inspected the Property or waives any right to inspect and
accepts the Property in its present "as is" condition.
b. (Xl As Is With Right of Inspection: Buyer may, at Buyer expense and within 45 days
from Effective Date ("Inspection Period"), conduct inspections, tests,
environmental and any other investigations of the Property Buyer deems
necessary to determine suitability for Buyer's intended use. Seller shall grant
reasonable access to the Property to Buyer, its agents, contractors and assigns
for the purposes of conducting the inspections; provided, that all such persons
enter the Prope~ty and conduct the inspections and investigations at their own
risk. Seller will, upon reasonable notice, provide utilities services as may be
required for Buyer's inspections and investigations. Buyer shall not engage in
any activity that could result in a mechanics lien being filed against the Property
without Seller's prior written consent. Buyer may terminate this contract by
written notice to Seller prior to expiration of the Inspection Period if the
inspections and/or investigations reveal conditions which are reasonably
unsatisfactory to Buyer, unless Seller elects to repair or otherwise remedy such
conditio~s to Buyer satisfaction. If this transaction does not close, Buyer
agrees, at Buyer expense, to repair all damages to the Property resulting from the
inspections and investigations and return the Property to its present condition.
15. SELLER HELD HARMLESS
Buyer agrees to indemnify and hold harmless the Seller without limitation from any
losses, damages, costs, including attorney's fees, claims of injury to or death of any
person(s), any damage to property.of Buyer, or the Property, and from and against any and
every liability to any person arising from Buyer conduct of inspections, investigations and
any work performed pursuant to Paragraph 14.
16. RISK OF LOSS
If the Property is damaged by fire or other casualty before closing and cost of
restoration does not exceed 3% of the assessed valuation of the Property so damaged, cost of
restoration shall be an obligation of the Seller and closing shall proceed pursuant to the
terms of this contract with restoration costs escrowed at closing. If the cost of
restoration exceeds 3% of the assessed valuation of the improvements so damaged, Buyer shall
have the option of either taking the Property "as is", together with either the 3% or any
insurance proceeds payable by virtue of such loss or damage, or of canceling this contract.
17. PROCEEDS OF SALE: CLOSING PROCEDURE
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be held in
escrow by Seller's attorney or by such other mutually acceptable escrow agent for a period
of not longer than 5 days from and after closing, during which time evidence of title shall
be continued at Buyer's expense to show title in Buyer, without any encumbrances or change
which would render Seller's title unmarketable from the date of the last title evidence. If
Seller's title is rendered unmarketable through no fault of the Buyer, Buyer shall, within
the 5 day period, notify the Seller in writing of the defect and Seller shall have 30 days
from the date of receipt of such notification to cure the defect. If Seller fails to timely
cure the defect, all funds paid by or on behalf of the Buyer shall, upon written demand made
by Buyer and within 5 days after demand, be returned to Buyer and simultaneously with such
repayment, Buyer shall return Personalty and vacate Real Property and reconvey it to Seller
by special warranty deed. If Buyer fails to make timely demand for refund, Buyer shall take
title "as is", waiving all rights against Seller as to any intervening defect except as may
be available to Buyer by virtue of warranties contained in the deed. The escrow and closing
procedure required by this provision may be waived if title agent insures adverse matters
pursuant to Section 627.7841, F.S. (1987), as amended.
18. DEFAULT
If Buyer fails to perform this contract within the time specified (including payment of
all deposit(s)), the deposit(s) paid by Buyer may be retained by or for the account of Seller
as agreed upon liquidated damages, consideration for the execution of this contract and in
full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all
obligations under this contract; or Seller, at Seller option, may proceed in equity to
enforce Seller's rights under this contract. If, for any reason other than failure of Seller
to make Seller's title marketable after diligent effort, Seller fails, neglects or refuses
to perform this contract, the Buyer may seek specific performance or elect to receive the
return of Buyer deposit(s) without thereby waiving any action for damages resulting from
Seller's breach.
19. RADON GAS NOTIFICATION
RADON GAS: Radon is a naturally occurring radioactive gas that, when it
has accumulated in a building in sufficient quantities, may present
health risks to persons who are exposed to it over time. Levels of radon
that exceed federal and state guidelines have been found in buildings in
Florida. Additional information regarding radon and radon testing may be
obtained from your county public health unit.
20. CONTRACT NOT RECORDABLE: PERSONS BOUND
Neither this contract nor any notice of it shall be recorded in any public records. This
contract shall bind and inure to the benefit of the parties and their successors in interest.
Whenever the context permits, singular shall include plural and one gender shall include all.
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21. NOTICE
All notices provided for herein shall be deemed to have been duly given if and when
deposited in the United States Mail, properly stamped and addressed to the respective party
to be notified, including the parties to this contact, the parties attorneys, escrow agent,
inspectors, contractors and all others who will in any way act at the behest of the parties
to satisfy all terms and conditions of this contract.
22. ASSIGNABILITY: PERSONS BOUND
This contract
"Broker" (if any)
and their heirs,
permitted).
[Xl is not assignable [ 1 is assignable. The terms "Buyer", "Seller", and
may be singular or plural. This Contract is binding upon Buyer, Seller,
personal representatives, successors and assigns (if assignment is
23. ATTORNEY FEES: COSTS
In any litigation arising out of this contract, the prevailing party shall be entitled
to recover reasonable attorney's fees and costs.
24. NO BROKER
Seller and Buyer represent and agree they have dealt with no Broker or finder in
connection with the transactions contemplated hereby. Seller and Buyer further agree to
indemnify the other from any damage, liability or expense either may suffer as a result of
any claim of a Broker or finder with whom it is determined that the other party has dealt
with in contravention of this agreement; except, however, that total City obligations under
this provision shall be subject to the limits and restrictions of the Florida sovereign
immunity statute, F.S. 768.28.
25. TYPEWRITTEN OR HANDWRITTEN PROVISIONS
Typewritten or handwritten provisions shall control all printed provisions of contract
in conflict with them.
26. EFFECT OF PARTIAL INVALIDITY
The invalidity of any provision of this contract will not and shall not be deemed to
effect the validity of any other provision. In the event that any provision of this contract
is held to be invalid, the parties agree that the remaining provisions shall be deemed to be
in full force and effect as if they had been executed by both parties subsequent to the
expungement of the invalid provision.
27. GOVERNING LAW
It is agreed by and between the parties hereto that this contract shall be governed by,
construed, and enforced in accordance with the laws of the State of Florida.
28. COUNTERPARTS: FACSIMILE COpy
This contract may be executed in two or more counterparts, each of which shall be deemed
an original and all of which together shall constitute one instrument. A facsimile copy of
this contract, including any addendum, attachments and any written modifications hereof, and
any initials or signature thereon shall be deemed an original.
29. MERGER BY DEED
All covenants, warranties, and representations contained herein shall merge with the
deed at time of closing. Upon delivery of deed by the City, and acceptance thereof by Buyer,
the Buyer shall hold the City forever harmless thereafter.
30. ENTIRE AGREEMENT
Upon execution by Seller and Buyer, this contract shall constitute the entire agreement
between the parties, shall supersede any and all prior and contemporaneous written and oral
promises, representations or condition in respect thereto. All prior negotiations,
agreements, memoranda and writings shall be merged herein. Any changes to be made in this
agreement shall only be valid when expressed in writing, acknowledged by the parties and
incorporated herein or attached hereto.
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD,
SEEK THE ADVICE OF AN APPROPRIATE PROFESSIONAL FOR LEGAL, TAX, ENVIRONMENTAL
AND OTHER SPECIALIZED ADVICE PRIOR TO SIGNING.
Date:
a,,~t./;95
BUYER:
CLEARWATER NEIGHBORHOOD
HOUSING SERVICES, INC.
FID # 59-1898543
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[ ] APPROVED AND ACCEPTED THIS ~ day of ~
SELLER:
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, 1995.
CITY OF CLEARWATER, FLORIDA
er
By: ~N ~~
Elizabet . Dept a, City Manager
Ri
Approved as to form and
legal sufficiency:
ATTEST:
s istant City Attorney
VineSnle,ewb
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~.Z"'~_r0e4.
hi~ E."-G6udeau, 1ty Clerk
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APR 2 4 1995
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CITY CLERi< DEFT.
C I T Y 0 F C LEA R W ATE R
Interdepartment Correspondence Sheet
TO: steve Moskun, Cash & Investment Manager
FROM: Earl Barrett, Real Estate Services Manager ~
SUBJECT: Real estate closing - 410 Vine Avenue
COPIES: Richard J. Baier, City Engineer
Ream Wilson, Director of Parks & Rgcreation
Cyndie Goudeau, City Clerk
Miles Lance, Assistant city Attorney
DATE: April 21, 1995
The City today conveyed title to the above referenced real
property, legally described as Lot 6, DREW PARK SUBDIVISION, to
Clearwater Neighborhood Housing Services, Inc. I am transmitting
herewith a copy of the real estate closing statement and Bankers
Title sale proceeds check #17290 in the sum of $6,477.60.
Prior to the city commission declaring it surplus and approving the
purchase contract on April 6, 1995, Parks and Recreation was the
responsible department for this property.
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BANKERS TITLE
~7290
FILE NO#: 04950090
AMJUNI' :
$6,477.40
DATE: 04/21/95
. PAYEE:
- '!HE CITY OF ~
CX>DE: DC
ALT: CITY CINIR
SELLER(S) - '!HE CITY OF ~
BUYER(S) - ~ NEIGHOORHOJD HOUSING SERVICES lliOORPORATED
PROPERrY LOCATION - 410 Vine Avenue, Clearwater, FL 34615
IDt 6, DREW PARK
Seller's Proceeds
FOLD BEFORE DETACHING AT PERFORATION -- RETAIN THIS STATEMENT
PAY
..'.,'.'.".,.,'..'"...'.,'..,.,'..'..."..'..,. ...,'"".,".,..,..'..'.'...,.',..,,....,."'.,','.',..'...,.,'.,",..., ".,".,.'".,',.,'.,....,...,.,...,..,..'.,
4uaJi!~
:-,:---,.- ." .....,',,,. .,,__,_ dO<
FIRST UNION NATIONAL
BANKPfFLORIDA
SLPETER$BURG. FL 33702
'i~~.NKERS TITLE
y ",<~SCROW ACgqU~T),.
'.,.,'.'..,. 15?~fF BELCHERflP:SUITE~
Q~EARWA TER.FL,34624:'>.....
. ","" - ._,.... '"'
. ,..'....,-.--.-,.-.,'...'.
, :'63-751/631
FILE 00#: 04950090
17290
snJ~skm ~~SEVENl"l2L AND4d/J.6d:i~llARS **********
04/21/95
TO THE
ORDER
OF:
'!HE CITY OF ~..
P.O., BOx 4748 ',.'.'.'...'.'.'"<
Clearwater, FL 34618~4748
1110 . ? 2 gO III I: 0 b ~ .0 ? 5 . ~ I: 2 . ~ a ~ 200 9 ? 9 2 2ul
::1'
.,1,;
*****$6,477.40*
:::'".: ...:.::;.:.,,--.,:::----"
BANKERS TITLE
'if>'
A. SETTLEMENT STATIMENT
U.S. Department of Housing
and Urban Development
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OMB No 2502-0265
B. Tvne of Loan
1, - FHA 2, - FmHA 3, - Con". Unlns. -Ie, File Number \7, Loan Number Ie, Mortgage Insurance Case No.1f'
4, - VA 5, - Cony. Ins.
04950090
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 marked (P,O,C,) were paid outside the closing; they are shown here for information purposes and are not included in the totals,
D. Name and Address of Borrower E, Name and Address of Seller F, Name and Address of lender
CLEARWATER NEIGHBORHOOD THE CITY OF CLEARWATER
HOUSrnG SERVICES rnmRPORATED
608 North Garden Avenue P.O. Box 4748
Cl~ter , FL 34615 Clearwater, FL 34618-4748
G, Property location H, Settlement Agent
410 Vine l\venue BANKERS TITLE
Clearwater , FL 34615 Piace of Settlement L Settlement
LDt 6, DREW PARK Date
1525 SO. BELClfER ROAD 04/21/95
CLEARWATER FL. 34624
J. SUMMARY OF BORROWER'S TRAN!;:ACTION: K. SUMMARY OF SELLER'S TRANSACTION:
100, Gross Amount Due From Borrower 400, Gross Amount Due To Seller
101. Contract sales nrice 6 800.00 401. Contract sales orice 6 800.00
102, Personal orooertv 402, Personal Drone""
103, Settlement charnes to borrower lline 14001 10.50 403,
104, 404,
105, 405,
Ad'ustments for items naid bv seller in advance Ad'ustments for items naid bv seller in advance
106, Citv/town taxes to 406, Citvltown taxes to
107, Countv taxes to 407, Countv taxes to
10B, Assessments to 40B, Assessments to
109, 409,
110, 410,
111. 411,
112, 412,
120, GROSS AMOUNT DUE FROM BORROWER 6 810.50 420, GROSS AMOUNT DUE TO SELLER 6 800.00
200, Amounts Paid Bv or In Behalf of Borrower 500, Reductions In Amount Due To Seller
201, DeDosit or earnest monev 501. Excess DeDosit Isee instructions1
202, Prlncinal amount of new loanls\ 502, Settlemenl charnes to seller Iline 1400\ 322.60
203, Exlstinn loanls1 taken sub'ect to 503, Existino loanls\ taken sub'ect to
204, 504, Pavoff of first mortoaoe loan
205, 505, Pavoff of second mortoaoe loan
206, 506,
207, 507,
20B, 50B,
209, 509,
Ad'ustments for items unnairi bv seller Ad'ustments for items unnaid bv seller
210, Citv/town taxes to 510, Citv/lown taxes to
211. Countv taxes to 511. Countv taxes to
212, Assessments to 512, Assessments to
213, 513,
214, 514,
215, 515,
216, 516,
217, 517,
218, 518,
219, 519,
220, TOTAL PAID BY/FOR BORROWER 520, TOTAL REDUCTiON AMOUNT DUE SELLER 322.60
300, Cash At Settlement From or To Borrower 600, Cash At Settlement To or From Seller
301. Gross amount due from borrower Iline 1201 6 810.50 601, Gross amounl due to seller lline 4201 6 800.00
302, Less amounts nald bv/fDr borrower lline 220\ 602, less reduction amounl due seller lline 520\ 322.60
303, CASH FRCM BORROWER 6 810.50 603, CASH 'IO SELLER 6 477 .40
''t:"
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uyer orrower
!::luyerjljorrower
::ieller
RESPA, HB 4305,2 .. REV, HUD,1 (3/B6)
I
U.S, DEPARTMENT OF HO,IING AND URBAN DEVELOPMENT
SETTLEMIT STATEMENT
PAGE 2
L SETTLEMENT CHARGES: FILE 00.#: 04950090 PAID FROM PAID FROM
700, TOTAL SALES/BROKER'S COMMISSION based on price $ @ = BORROWER'S SELLER'S
Division of commission (line 700) as follows: FUNDS AT FUNDS AT
701. $ to SETTLEMENT SETTLEMENT
702, $ to
703, Commission paid at Settlement .
704,
800, ITEMS PAYABLE IN CONNECTION WITH LOAN
801, Loan Origination Fee %
802, Loan Discount %
B03, Appraisal Fee to
B04, Credit Report to
B05, Lender's Inspection Fee to
806, Mortgage Application Fee to
807, Assumption Fee to
808,
B09,
810,
811,
900, ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901, Interest from to @$ /day
902, Mortgage Insurance Premium for to
903, Hazard Insurance Premium for yrs to
904,
905,
1000, RESERVES DEPOSITED WITH LENDER FOR
1001. Hazard Insurance mo,@$ /mo,
1002, Mortgage Insurance mo,@$ /mo,
1003, City Property Taxes mo,@$ Imo,
1004, County Property Taxes mo,@$ /mo,
1005, Annual Assessments mO,@$ /mo,
1006, mo,@$ /mo.
1007, mo,@$ /mo,
1008, mo,@$ /mo,
1100, TITLE CHARGES
1101, Settlement or closing fee to BANKERS TITLE 50.00
1102, Abstract or title search to Michael Evans 75.00
1103, Title examination to 50.00
1104, Title Insurance binder to
11 05, Document Preparation to
1106, Notary Fees to
1107, Attorney's fees to
(includes above items No: )
1108, nle Insurance to BANKERS TITLE 100.00
(includes above items No: )
1109, Lender's coverage $ ---- REUBLIC
1110, Owner's coverage $ 6 800.00 --- 100.00
1111,
1112,
1113,
1200, GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording Fees: Deed $ 10.50: Mortgage $ ; Releases $ 10.50
1202, City/county tax/stamps: Deed $ ; Mortgage $
1203, State Tax/stamps: Deed $ 47.60; Mortgage $ 47.60
1204,
1205,
1300, ADDITIONAL SETTLEMENT CHARGES
1301, Survey to
1302, Pest Inspection to
1303,
1304,
1305,
1400, TOTALSETTtEMENT CHARG'ES (enter on lines 103 and 502, Sections J and K) 10.50 322.60
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I FURTHER CERTIFY T T I HAVE USED D ILL CAUSE T NDS TD BE DISBURSED IN ACC RD NCE WITH 'IS STATEMENT,
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WARN : It Is a crime to knowlngl~ make false state nts to the United States on this or any other similar form. Penalties upon conviction can Include a fine and
Impr oment. For details 5ee: Title 8 U.S. Code on 1001 and SectIon 1010.
RESPA, HB 4305,2 .- REV, HUD-l (3/86)